A new online survey uncovers that many software firms are scrambling to figure out ways to retain IT pros in India. Supply and demand is so in the workers’ favor that they are bouncing from gig to gig – making more money with each stop.
Believe it or not, annual salary hikes of 20% are not even enough to retain good employees. Almost 50% of techies in India have been with their current firm for under a year – even though 70% of them had been promoted!
The findings were based on surveys filled out by close to 2,000 geeks from over 50 cities at CyberMediaDice.com.
The crazy part is that the bulk of these cats are between 23 – 31 years old and have less than five years of work experience.
The city with the best salary was Bangalore. I guess that means Bangalore or bust!