Tag Archive for 'r2i'

02
Jan

Hyderabad Salary Survey : Informal survey of friends, recruiters and others in my professional network

First let me take this opportunity to Wish you all a Happy and Prosperous new year 2007. Hyderabad was a happening place for the last few days with a number of parties all around the city.

After receiving a ton of emails about salaries in Hyderabad, I decided to do a survey of my contacts in local companies, recruiters and others who have been involved in the placement industry. What I present here is very unscientific and should not be considered an official survey. Also, please note that Indian Salary are based on the concept of CTC ( Cost to Company ) and that makes it very hard to compare offers of two companies. There are companies that include every component including their contribution to PF, and other companies that try to be fair by including only the real components that are being given to you.

BTW, I have seen offers which include performance bonus in the overall offer with a clause that it is based on overall performance of the company. MNC’s and some GLocal companies do not play these games, so you are better off taking their offers as the baseline. I tried to eliminate the performance components in the calculations below. Be wary of some companies that include variable components into CTC.

General Salary Ranges in Hyderabad are listed below.. [ Most companies fall into this range including local companies like satyam, infosys, wipro etc., and other GLocals etc. ]. Numbers below are estimated CTC.

Entry Level / Fresh Graduates [ 0 to 2 years ] : 2.5 to 4.8 Lakhs. I have seen this being as high as 6 Lakhs in Bangalore.
Junior Positions [ 1 to 4 years ] : 3.5 to 7 Lakhs
Mid level [ 3 to 6 years ] : 5 to 11 Lakhs
Sr Level [ 6 and Above, Project Manager, Lead etc ] : 9 to 17 Lakhs [ Too much competition for these jobs ]
Leadership [ Delivery, Operations, HR etc. 12+ Years ] : 15 to 25 Lakhs [ Internal candidates get the first preference here. ]
Sr. Leadership [ Operations Head, VP etc ]: 18 to 45 Lakhs
Executive Leadership [ SVP, COO of Biz Unit etc.] : 35 to 70 Lakhs
C Suite of Company [ Country Head, CEO, CFO, CTO ] : Heard of offers ranging from 2 to 7 Crores. This I cannot confirm, but most recruiters seem to agree with this range.

Now to the special cases :

  • Entry level offers in 2006 by Microsoft are around 9.5 Lakhs, Google at 12.5 Lakhs, Amazon at 7.5 Lakhs. They are only focusing on top grade schools including the IIT’s. Interviews are hard to get through.
  • Google, Microsoft, Amazon, Yahoo etc., dont seem to care about the money as long as the candidate is the right fit for their Organization.Some examples I heard of include 25+ Lakhs for testing lead, and around 35+ Lakhs for a Sr. Developer, 78+ Lakhs for a Director.
  • MBA’s of indian schools like IIM , ISB etc., are starting around 20 Lakhs and going all the way to 1.5 Crores. There were recent examples of 2 MBA grads rejecting a 1 Crore offer to pursue their own enterprise.
  • Also companies like Oracle, CSC etc., offering beyond the above grid to attract mid and senior level talent. They have large plans for India and are unable to meet the internal demand.

Hope I have given you a fair idea of whats going on here in the tech world. I will try to collect some data for techies/sme’s with trading/financial/banking experience since that seems to be the next wave of growth for us in Hyderabad and all across India.

Industry experts are indicating that salaries will still grow by 20% in 2007 with the financial and retail majors driving the next wave.

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27
Oct

90 days and Loving it. Hyderabad Rocks

One more month has passed since my 60 day update.. . Things are still looking excellent and the recent festivals added to the +ve thoughts about our move so far. With diwali and dusshera occuring very close to each other, we had ample opportunities to visit family, relax and enjoy the good times in Hyderabad.

Finally my son is in ukg / school and he seems to like the environment a lot. Everyone from the director of the school to his class teachers were flexible and willing to work with us, to get him accustomed to the new environment. We showed up 1.5 months later than our scheduled date and paid the term fee ( Rs 7500 ) for the current term. The fee covers everything including his meals and supplies. Uniforms and Bus are separate… due to the proximity of the school to our house, we decided to drop/pick him by car for the first month.

Boy-o-Boy, kids from my experience so far do nothing but watch TV/Cartoons and Movies. I am trying to get my kid outdoors, couple of my team members gave me references to a cricket/tennis training facility, another one gave me a reference to a taekwondo teacher who comes home to teach kids, etc. I am going for Cricket primarily to get him used to a team sport and tennis for the physical activity. Will update more on these once I finalize on them.

Started driving on my own during night and evening hours. I was driving in hyderabad before I came to the US, but it feels very different now since the traffic in hyderabad is in the worst shape I have ever seen. You should have seen the traffic between Road #3 and Punjagutta on the day before diwali weekend. Took me almost 1 hour, to get from jubilee checkpost to punjagutta center.

I am still lagging in taking care of myself on the Physical Fitness front, but I decided to make the best out of the situation by taking the stairs at the office. Some of my team look at me like I am crazy, but I plan to continue doing this as much as I can.

My pet projects are finally on track and I am doing my best to spend atleast 1 to 2 hours a week on them. Currently looking for some junior programmers that can help me with the basic work… heard that I can hire some good parttime programming help for less than Rs 5000, which should solve some major bottlenecks for me.

18
Oct

Hyderabad Real Estate : Corruption, Investments and My Strategy

Housing / Real Estate are the most expensive in Hyderabad. With 1 sq. yard .. equivalent of 9 sq. ft going for an average of 20,000 in most live-able areas and upto 50,000 in the posh areas, it has become a challenge to find a suitable living space in Hyderabad. Commercial / Main road / prime plots if not kabza’d or taken over by crooks/politicians will fetch you 100,000 per sq yd on main roads of Jubilee and Banjara hills.

Corruption is very rampant in real estate transactions in the best areas of the city. There are some plots being sold with multiple registrations and some being put under litigation by the original owners / pattadar’s of the nawab time. Now a days, it has become compulsory to have every member of the seller/original owners family sign on the sale deed to avoid any issues in the future. Settlement mafia’s are rampant, they some how get the common people with good land into trouble and settle for 10-20% of the value etc..

On real estate investments in apts and houses, its important to realize that the days of 100-300% returns are gone if you invest today, and even the 50-100% returns are very rare. The large returns are available to the folks who are plugged in to the political/industrial families and can acquire land before projects are announced or for companies like infosys [ who is evolving to be the biggest land grabber in India today ].

Coming back to the housing thing, the house I currently rent would cost me around 3 to 4 crores to buy ( 30 to 40 Million rupees).. and the possibility of this area moving up 100% in 1 year is very unlikely.. [ who knows.. I have been wrong many times..;-) ]

My thought wrt buying in my favourite area is different.. Correct me if I am wrong.. I some how am not too big on house ownership after living through it in the US. Too much of dead capital .. Atleast we had home equity loans to draw upon in the US. Now, I pay 30,000 pm / ~Rs 10/sqft all inclusive.. [ No extra charge for maintenance, repairs, servant quarter, solar heater, 24 hr muncipal water .. and just have to let my landlord know to get things fixed when they are broken etc. ]. Yes, 30K are running out of your account pm, but I would hear a giant sucking sound if I had to pay the bank @ 11% on a loan of 24 Mil Rs…

Here is my understanding about deductability of interest in India.. The max deduction you can have on housing interest is 1.5Lac/annum so going to a max of 15 Lac loan@10% will get you the best benefit for the early years. A nice article here. . …. So, what good does it do paying 4 Lacs of interest on a 40 Lac Loan ?. I certainly agree that appreciation is there, but do you think its worth buying an apt in the current market at Rs.5000/sqft ?

Some of you asked me what I am doing with the money if I have not bought a house.. I still have a sizeable amount left in the USD, dont want to touch it unless I am sure I can consistently beat the ~15% I am able to generate Year over Year. Of the money I have in hand, some risk capital has gone into speculative land deals [ Jai Telangana ;-) ], invested in some mid level housing where the values are more affordable and can fetch some good rental income and thirdly sticking to the true and tried 15% compounding with some of the investments. With the small amount left, I am trying to leverage it as a down payment to leverage a govt subsidized investment in a family business/ industrial unit.

Hope this strategy will pay off in the long run and I am not too worried about the future since Uncle Sam and Social Security are supposed to take care of me and my family ;-).. Yeah Right !!!

All feedback regarding this article is welcome…

17
Oct

Utilities, Telephone and Other Bills in Hyderabad

Typically 10 - 15 th of the month is where I receive all my Bills. So far, I have not seen any shockers but here is a summary of my observations. Many companies including mine, have eseva centers within their campus where you can pay off the bills. My driver can also handle this for me, but I decided to visit and experience the eseva facilities this week. Will update on that later…

Electric Bill : The bill was for 242 units, for Rs 752 including all taxes. The pricing for power in hyderabad varies based on tier/slab. 3.05 per unit upto 200 units, 4.75 upto 300 units, 5.50 or above 300 units. This amount is still reasonable considering we have been using our Fridge, TV’s, Laptops, Lights, Fans etc along with partial usage of A/C’s for the last 20 days.

Gas : Cooking gas seems to be very scarce now a days with the govt subsidized domestic cylinder going for Rs 300 and equivalent commercial cylinder going for Rs 600. So, most restaurants, hotels are using domestic cylinders causing a shortage in the market, also a rush towards installing lpg kits in auto’s and taxi’s is inflating the demand for cooking gas. Most people seem to have more than 2 or 3 connections and rotate their cylinders without ever running out of gas. I have not applied for a connection of my own yet, we are just using the cylinders, regulators provided by friends and family. I will soon be joining one of the groups by adding a few empty cylinders of my own to the pool.

Milk : Plenty of supply around, many diaries that have sprung up in AP including Heritage, Vijaya, Mother Diary etc., supply a lot of options in Fat Content etc. A near by store delivers our milk by 7:30 every morning. Toned milk costs Rs 16 per litre while whole milk costs Rs 20 per litre. Expect to spend around Rs 700 with delivery charges etc. There are other options from local farmers etc., for now..we are sticking to the pasteurized options until our kids get used to the change.

Internet : Expect to spend around Rs 1000. Most companies reimburse this expense unless you work for someone that doesnt put you on a leash via a Laptop. I am yet to figure out the best mix of connections to have. I have SIFY broadband at home but its been very unreliable [ recently some one cut off and stole 1/2KM of cable in my neighborhood ]. I am testing a tata indicom wireless broadband card for backup and it is working fine for browsing/email/telnet etc.

Maid/Driver etc. : Looking for a reliable driver and maid ?, good luck!!!.. Driver rates vary from 3 to 4.5K depending on whether they are also acting as your errand runners or not. Some drivers refuse to do any household chores/errands etc., so ask this question ahead of time. Maid’s and Maid Services are available between 1 to 2K, but finding a reliable one is the toughest task of all.

Non-Telugu speaking junta arriving in hyderabad will realize that hiring a hindi speaking driver/maid will be the biggest challenge. A colleague of mine is paying 5K to his driver just to keep a Hindi speaking driver/errand guy around during his 1st year in Hyderabad. He says everyone including the watchman cannot speak Hindi and its becoming a challenge for his family. The local hindi speaking labor has moved into professional jobs with Security, Construction, Transportation companies and the new arrivals are from coastal AP and have very limited/zero Hindi… may not be a bad idea to buy “Learn telugu in 30 days” before you arrive.

15 mins are up.. more next time..

29
Sep

Dusshera, Diwali, Ramadan.. Party Time !!!

Dusshera and Diwali are now fully commercialized in Hyderabad .. Just 1 week before dusshera, special offers on everything from appliances to groceries to clothes have been relesed. I have seen advertisements for special offers on purchase of groceries too.. We are fully hooked into the western sale culture here..

With Dusshera, Ramadan and Diwali around the corner, companies are organizing many [ or should I say too many..] parties to let their employees have fun during this time. Many companies have planned major concerts, parties etc., for diwali and the element of surprise and the boasting rights go to the one with the coolest/hippest/biggest rock/other band performing at their party. For Dusshera dandia is in full swing along with dance competitions, informal and formal parties, along with a medley of sweet and savoury offerings on every floor.

I had the honor of judging a dance competition, and I was amazed at the energy and the enthu displayed by the young members of the teams. Most participation is from the new kids out of college under the direction of their senior members and these activities work as the best team building excercises. Competition was at a business-unit level and the cheering squads were in full force with their customized cheers etc. Did I mention that there was also a cheering award and it went to the loudest team [ not much has changed with the hyderabadi culture of enjoying things to the fullest along with the rowdiness of the crowd… poor MC was having a tough time controlling them … I hope you all remember the cheers from college days in hyderabad…things like jeete ga bhai jeetega.. ; vittala vittala..; and so on and so on…. ].

I am a pain to deal with, when it comes to appreciating art or dance, but this one was really cool.. nothing traditional, nothing too exotic or western, it was a medley of everything with beats that I never expected could be integrated so well. Each team had 6 different song and dance mix with custom music mixes integrated as one show. Makeup, Music, Crowd everything made it worthwhile and I promised myself that I am never gonna miss these events in the future. The networking and socializing opportunities at these gatherings are endless. The competition was followed by dandia night, and after guzzling some extra calories through sweets, hyderabadi samosa’s and sweet lassi etc., we headed down for a nicotine fix.

Other Updates :

Last week we had a party at Touch, to celebrate some wins/growth of the organization. Party started 1 hour late but quickly gained momemtum. I need to get better at this time sense thing in India.. if the invite is for 7:00 .. dont even think of going there until 7:45 - 8:00. Touch had great ambience, simple interiors that give you a feel of an wide open space but at the same time providing the space to relax and connect with the party goers. Excellent Drink offerings and Staff, but food was average [ may be it has something to do with the menu picked by our event organizer ] .. Dessert Bar as always was my favourite.. I am not sure what I ate, but I had multiple servings.. Drinks, DJ and Music made up for the zing missing on in the food buffet.

Another team of mine had their quarterly bash at Runway-9 or something like that, I couldnt make it due to a customer meeting, but will update you the next time I am there.

Haleem is the speciality of this season in Hyderabad. Yesterday I was reading that Hyderabadi Haleem is now being exported to the Mid East and is a crowd favourite in most restaurants there. To enjoy/expose this delicacy of Hyderabad to my team, I am organizing a haleem party at Pista House near Hitec City.. [ depending on # of confirmed attendees, we may either go there or have them deliver it to our break area] this restaurant is supposed to be one of the best ones for haleem in Hyderabad and also has an outlet closer to the Hitec city area. We are heading there in 2 weeks .. and will update you soon about that.

Next week I am headed to a southern state for an offsite workout/gathering of leadership teams and may not be updating the blog… Until then…
Happy Birthday T and Happy Dusshera to all of you




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