img

Rant : Salary parity in India is such a shitshow!

Was going through Salary breakdown for Product Managers at various YoE of multiple companies at Grapevine’s own salary database, and also at 6figr. And OMFG the disparity between compensation for same band varies so much, even if the YoE for 2 employees are same. I also saw multiple instances where a person with lower YoE was commanding a significantly higher salary for someone in the same role and band with higher YoE. I can’t understand, but why is this the case?? Even the govt has defined pay structure and compensation basis YoE for their employees. Then why can’t the same be followed here in private companies in India. One might argue that YoE might not be the best way to get parity, but how come there is so much gap between wades of 2 PMs in the same company.

img

OpenWaffle

Planet

7 months ago

Two people with the same years of experience are NOT THE SAME. More DOES NOT equal better. Pay disparity exists because productivity and output disparity exists. A person with smaller yoe, if a Killer at work and is in the approach organization/domain for it, absolutely deserves alot more money than a monkey brain with higher years of experience.
img

y2kshubham

Amazon

7 months ago

There's a guy in my team who is 9 years younger to me in age and has 6 years lesser experience than me. Yet he is about to get promoted to same designation as mine. . I myself wrote his promo doc and strongly advocated for it. . Why? Because he deserves it. He is equally capable as me (perhaps likely more as you would guess) and therefore he must have same designation. . He'll likely overtake me in future to climb up the ladder and I'd wholeheartedly support that too. . Now I understand there may be cases where an equal or less skilled person gets higher pay or designation by virtue of their past accolades (college, reputed employers), but then also what's the point of cribbing? If you feel you're adequately paid and recognised, then marvel at other person's luck or persona that makes him stand out. If not then make an effort to reach that level of adequacy and contentment. . Having YoE as the sole (or even a factor of) criterion for compensation or designation is govt job mentality where there's little or no value of merit. And hence the chill attitude, low productivity of many (not all) govt employees. . With me I've never felt under-compensated, despite knowing that others around me might be earning more. That feeling is quite liberating.
img

Lord

Samsung

7 months ago

Give the example about the parity you are talking about.
img

KeyCurrant4

Stealth

7 months ago

Two options: 1.Keep cribbing on anonymous platform about the uncontrollable elements. 2. Upskill, take risk , try out different things/domain and join the brigade
Sign in to a Grapevine account for the full experience.

Discover More

Curated from across

img

Office Gossip on

by DemandBetterCulture

Stealth

Looking for a lawyer to file a PIL

I have been managing teams for multiple organisations for quite a few years. It saddens me to see most of the organisations trying to exploit employees by paying inadequate compensation. Gender pay gap exists for real. I want to file a PIL and maybe get a law passed to ensure all employees are paid fairly. Can someone help me get in touch with a good lawyer who can help me file a PIL?

img

Office Gossip on

by GlassHunt82

Startup

FOMO on Grapevine

Whenever I scroll grapevine It makes me feel FOMO As most of the people are with very high earning level I know things come with time and experience still in this fast paced world our expectations are quite too high

img

Office Gossip on

by sudo_whoami

Stealth

Are Web3 Remote Devs underpaid in India?

I work at a Web3 company, with an in-hand of $85K annually, but I feel my coworkers earn way more. I am a fresher out of college, but I've been dabbling with Web2 for 4 years, and Web3 for 2 years. Just wanted to know if the salary is unjustified or not.

img

Product Managers on

by True

Stealth

Salary Parity

I have around 2.4 years of experience in product management. I make 17 lpa excluding esops. Am I underpaid?

img

Product Managers on

by Aramis

Google

PM Salaries Have Crashed.

Met a PM from IIT / IIM with 4 years of experience. He is working at a well know soonicorn at a salary of 17 lakhs per year . He used to draw 30 lakhs per year in his last role before we was laid off . Interesting Times ahead

img

Office Gossip on

by Wednesday

Stealth

Realistic Salaries please !!!!

Grapevine has become like the epitome of people flaunting unrealistic salaries ( the bubble will soon break )🤐,So thought of why not post some realistic ones based upon the Y.o.E range for the IT folks from our knowledge and our interactions with our friends and colleagues. We can exclude very niche skills here and see where everyone stands. I can begin. ( Have considered just the base pay and not the variable or esops/rsu here ) 1-4 Y.o.E : 4-8 Lacs 5-8 Y.o.E : 9-20 Lacs 9-12 Y.o.E : 21-35/40 Lacs 13-16 Y.o.E : 35/40-50+ Lacs

img

Indian Startups on

by Iceiceice

Flipkart

Long lasting in corporate

I have my senior managers who are 32-33 and are making 1cr+ per year. What do people do at the age of 40 or 50 Is there a scope for further salary increments or role increments? Unless someone works at a company like HUL, what is the future?

img

Office Gossip on

by EndianTechSupport_

Stealth

Are Indian corporate employees really overpaid?

Seeing a lots of discussion about people complaining about inflated salary, it's quite sad to see such discussions. Take SWE for example, so an swe is expected to move to an expensive city with high travel and food expenses, scant housing options with landlords hiking the price 40-80%, work 8 hrs a day and sometimes even 12. And if he's drawing 20-30LPA he's considered overpaid?! Not to mention the guy has to pay a huge chunk to the government and we're not americans who don't care about their family and have to take care of them as well. We're all overworked and underpaid (if you consider the amount of hrs one work and how much they are paidpaid in abroad) and considering the situation still underpaid. There may be people who might be drawing a high salary and barely do any work (considering they take a lot of leaves and don't put time and effort in work) but that should be the discussion of the inadequate framework for calculating better metrics for productivity and how companies fail to do their due diligence, instead of complaining about high salary. This affects us all and if we all think that salaries are inflated it only hurts us more.

img

Office Gossip on

by MichaelScot

Deloitte

HRBP AMA

AMA about what actually goes behind those rangolis in the HR dept and work that better compensated people in HR do.