I have been getting a feeling that software engineers (SEs) have a sense of entitlement, believing they deserve a salary of 50-60 LPA with 2-3 years of experience and a 30-40% raise every year. As an SE myself, I believe this sense of entitlement leads to unrealistic expectations in the workplace and hampers actual output. Past nine months have been brutal, with mass layoffs and minimal or no increments. Due to this I have noticed people putting minimal effort into their work. I understand that getting no appraisal can be demotivating(trust me I do) but considering what we are paid for what we do is just insane(I am comparing with other industries). With funding becoming scarce, many companies are no longer burning through cash. Most Indian companies will prioritize profitability to secure further funding rounds or pursue an IPO. Since engineering teams account for a significant portion of expenditures, everyone will be looking to cut costs by any means necessary. What are your thoughts on this situation? Do you still give your 100% even if you didn't receive a raise but are being well compensated?"
That's really illogical to compare other industries with us and concluding that we are overpaid. That way everyone is overpaid when compared to construction workers and labours. Comparison should be made within industry only.
Coming to the question, only senior folks can have that sense of entitlement everyone else is easily replaceable and are most prob already giving their best irrespective of appraisals in fear of layoffs and pips.
This
You can compare within industry. There are hardly any profitable software companies in India that pays well to an engineer. Some had to because of demand created by money throwing startups backed by VCs. When the dust settles, it’ll be all about what brings money to the company and it’ll not be a 1Cr EM managing a team of 5 (Squeezing in a senior post example because imo right now senior folks are more worried than juniors)
I agree with @UpsetAnt86 its all cyclical and we had this rebalance coming!
It's a function of supply and demand. Some folks have not seen how difficult it is to earn a high paying job. If you get it without earning it, you don't value it. Sooner or later, chicken will come home to roost. Also, salary doesn't necessarily mean more skilled. Wages go up in anticipation of value creation. If that doesn't happen, the system will correct itself. Every thing is cyclical.
Truth bombs like this is going to offend a lot of people on this app. May humility prevail!
Let's face it. Indian tech ecosystem is living in a bubble. A big overinflated bubble of ridiculous salaries and perks. And it's about time someone popped it.
Here's the cold, hard truth: the vast majority of you are not nearly as val...
Lol, what a inexperienced take. When you handle Millions of data transactions on daily basis, and a single code ...
I have been through ups and downs in IT, but these layoffs seem crazy. There is just no pattern to it, more like everyone is firing let me fire.
Honestly I feel its high time Tech companies, Startups take a hard look at their business...
I've seen this only a couple of times as a hiring manager. It was a bloody dogfight with the TA teams and Busine...
