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Mid-level Indian IT managers earn 4 times lesser than Swiss counterparts

Mid-level Indian IT managers earning lesser than global counterparts

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Sonal Desai
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NEW DELHI, INDIA: A new survey by an online recruitment platform has revealed startling facts about the measly salaries mid-level Indian IT managers make.

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According to the findings, Indian IT companies are among the 10 worst paymasters in the world. A mid-level IT manager draws an average salary of $41,213 while his Swiss counterpart gets over four times more.

Nodoubts, India ranked 7th on the list of lowest paymasters for information technology (IT) managers, down by one position from last year's, as per the survey conducted by MyHiringClub.com.

While Indian IT managers drew an average salary of $41,213, Bulgaria topped the list with a meagre $25,680, followed by Vietnam and Thailand averaging at $30,938 and $34,423, respectively.

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At the other end of the spectrum, Switzerland again topped the best salary paying list with an average annual remuneration of $1,71,465, followed by Belgium with $1,52,430.

Denmark came third on the best-paying list with salary in the IT sector averaging at $1,38,920. The US and the UK were ranked fourth and fifth respectively, with average packages of $1,32,877 and $1,29,324, respectively.

"The impact of outsourcing and off-shoring on IT roles in North America and Western Europe helps explain the pattern of global pay," Rajesh Kumar, CEO, MyHiringClub.com & FlikJobs.com, said.

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According to him, "Lower-level roles are being moved to regions where talent is cheaper. The jobs that remain in Western Europe and the United States may be fewer in number, but are more demanding and complex. However, there is an increasing evidence of India's growing stature and presence in the high-end value chain, where cost advantages may not be the only drivers of future growth."

"India remains one of the most favourite outsourcing destinations due to this low-cost factor, but the future might bring with itself a completely different scenario," the survey noted.

The survey compared the total annual cash compensation and total remuneration information of the mid-career level for IT staff at 9,413 companies across 40 different countries from August 1 to August 31, 2015.

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