Sadly most Indian start-ups are burning VC money like anything paying outrageous salaries leading to what Bangalore is today, and this ends up affecting the market in more ways than one. 😬

Do you think this is a bubble?

Its a correction with global engineers. If you can work remote for a US co. and make $80k, why shouldn’t you expect it from an Indian startup? P.S. I am not an engineer

Og article : https://techcrunch.com/2021/07/06/indian-startups-fundraise-spree/. This is good news, most startups earn revenue in USD but pay their engineers in INR with measly $30-60K salaaries (and even less)

India is a country of billions. They could easily find other engineers and pay them appropriately. The truth is that most startup founders want to make it big themselves but aren't willing to pay a reasonable salary to early employees. Majority of my friends are being underpaid based on their experience and skills. Some of them are being offered 5k per month for internships while they are pursuing their masters. So this whining by founders is bullsh*t

There is a wast range for similar skill-set that I have seen in SDE pay scales. A lot of it depends on leverage (current CTC, brand names of college/previous employers and interview skills). In race of hiring the next superstar engineer and bunch of cash lying around, people are happy to throw it at someone who already has n offers whereas another person who is selective at interviewing might not get that much comp.

This is a bubble IMO. In the near future I see salaries normalize across the globe. Until then its an engineer's market 😂

Naa, I don’t think it’s a bubble. If you know what a good engineer can bring to the table! 🙂

These are not outrageous salaries (for top talent). US startups pay this kind of numbers in India. So naturally, if Indian startups want to hire the same talent, they would also have to offer in similar range.

@many-intern-37109 You're right but then good engineers are worth more than even this 🤷‍♂️ A company would never pay equal to the worth

@orange-kite-82153 would like to have your opinion here 👀

Oh man, we're seeing this everyday. Companies are ready to pay a lot of premium to good folks. On the candidate side, there is no loyalty whatsoever. Everyone is switching every few months, as location is not an issue anymore. 🤦

The skill gap between a good and bad engineer is massive though. A lot of idiots also get a free ride 🤪. It’s on founders to up the game in identifying, attracting and retaining good folks. We need more engineers to become founders though!

On the candidate side, there is no loyalty whatsoever.

Just curious, why do they owe the loyalty to work for a few years?

Why do they owe the loyalty to work for a few years?

So nobody owes anyone anything. 😅 I meant to say that more candidates are focusing on the money part than a company's vision. I'm not saying that's wrong, just seeing a trend.

If an employee is being offered higher compensation elsewhere they are probably highly skilled and deserve that compensation. Who doesn't want to provide for their family? In that case the current employer can still retain the employee by matching up to the competing compensation.

Just a sobering thought: SW services companies have been around a lot longer and have learned how to apply RAID principles to software teams. Another thing that keeps me up is that if none of the big acquisitions/IPOs are making money, it is basically a Ponzi scheme and the music will stop someday (and start back up after some time). As an industry, we need more Zerodha, Zoho and fewer Zomato, Oyo, Flipkart. But as an individual, who cares where the money is coming from. :-)