Bemused…

My friend Brijesh referred me to this report on Dataquest 2007 Salary Survey report (related to IT). It had an interesting line that goes like this: “high salary didn’t always mean high satisfaction, but the sheer extent of disconnect is amazing. There was less than 8% correlation between salary and satisfaction with salary!” . The report goes on to say that while some of the companies were rated higher on the salary pay out, they fared lower on the ‘employee satisfaction with salary’ parameter. (Eg: TCS was ranked higher than HCL Infosystems in terms of salary, but HCL Infosystems came higher on employee satisfaction with salary). Now, how can that be possible, considering these companies are in the same industry providing similar services? What are the influencing factors for such a scenario? Was trying to figure this out, and could think of the following:

- The quality of people in the organization and their mindset (their education background, level of ambition, expectations on work etc). The higher this is, greater are their expectations

- Image of the company (A company’s market image creates certain salary expectations. And a -ve gap in what the employee expects the company to provide versus actuals could lead to dissatisfaction) 

- The extent of disparity in salaries of employees with similar profile and experience (in the same org)

- Complexity of Salary structure: how much is tied to performance, how easy it is to decipher the payout components,  and what is the final take home.

Maybe I am totally off-track on this one, but this is what my (walnut sized) brain could come up with.

IT, TCS, Salary, HCL

Stumble it!