On 3/23/07, Badri Natarajan <[EMAIL PROTECTED]> wrote:
> On 3/16/07, Sriram Karra <[EMAIL PROTECTED]> wrote:
> [...]
>
> I'd like to meet the sucker(s?) who signed up to work for Infy last
> year only to see the next class make double right out of college and
> go on to better jobs.
Surely last year's MBAs will have seen a salary hike so that they are not
making less than people a year below them? And more responsibility as
well?
If not, there will be a riot..
No, given that they were close to a 'volume-recruiter' it's just not
feasible to jack up salaries of all mbas on roll to these levels. The
high salary is for a specific role that's limited in number.
For one thing the chaps who joined the company in earlier years were
not exactly the brightest sparks on campus (to generalise a bit), as
Indian IT services companies have not even been close to being the
most sought after companies on campuses. It is unlikely so many
'engagement manager' positions will be made available for these
candidates.
Infy is not even the only company that has done it this year. A very
similar change of recruitment strategy was executed by a financial
services firm across campuses. In this case one Class of 2006 chappie
tried to negotiate for the higher role, but was politely asked to
leave if he found it hard to work two levels below his junior (which
still says nothing of the candidates' pre-mba workex, soft skills, and
other stuff that they bring to the table)
At any rate, it cannot be denied that the whole thing is a great
exercise in HR crisis management and handling busted egos. But there
is also an unanimous feeling that Infy is headed in the right
direction, and might just result in bringing back IT companies more
competitive on campuses... We are anxiously waiting to see how this
will all pan out in the slightly longer term.
-Karra
