techmahindra-offcampus

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SALARIES OF TOP CEOs

With IT companies and their stocks emerging strongly from the recession, the focus is shifting to how much their top executives are taking home as salary.

Late last week, IT major Cognizant disclosed its top executives’ remuneration to American stock exchanges. CEO Francisco D’Souza earned $1.36 million as salary and bonus in 2010. That would roughly be Rs 6.14 crore converted at Rs 48.58 per dollar. This includes a base salary of Rs 2.44 crore and a bonus of Rs 3.7 crore.

In comparison, Vineet Nayar , the managing director and chief executive of HCL Technologies , took home a total of Rs 4.54 crore out of which Rs 1.2 crore was base salary (as of June 2010), according to think tank CMIE.

Natarajan Chandrasekaran of Tata Consultancy Services (TCS) earned Rs 2.97 crore, which included a bonus of 2 crore. S Gopalakrishnan of Infosys earned Rs 1.01 crore and Arun Jain of Polaris Software got Rs 1.62 crore. Even Wipro’s two outgoing CEOs Girish Paranjpe and Suresh Vaswani were paid Rs 2.11 and Rs 2.96 crore, respectively , (as declared on March 31, 2010).

On a standalone basis, these salaries are not globally competitive, say recruiters . “Salaries of Indian CEOs are artificially kept low because astronomical figures at higher level will raise demands for appropriate increase in salaries in levels down the chain. This is particularly true of Indian IT companies,” said Ganesh Shermon, partner & country head (human capital) at KPMG India.

Source
The Economic Times

COGNIZANT ON 6TH FEB @SJBIT

IF STATUS IS NOT CHANGED MEANS U GET CALL FROM CTS.

TCS TO HIRE 37000 FRESHERS

TCS to hire 37,000 freshers, No test for engg grads with 70% ..

In a move to fast-track recruitment, IT firm TCS has announced that fresh engineering graduates with a good academic record can directly appear for interviews, skipping the entrance test that other applicants have to take.

Engineering students that have consistently scored over 70 per cent throughout their academic career can "leapfrog" directly to the interview stage, it said in a release.

The system is being implemented from the current hiring season in which TCS plans to make offers to a total of 37,000 fresh graduates. It is being introduced as a pilot project and many pass-outs are already taking advantage of it, a TCS spokesperson said.

Based on the performance of fresh graduates hired earlier, the company has graded engineering colleges in the country and only students that fall in A, A+ and B category institutions can avail of the scheme, the release said.

"The written test is more to check your aptitude and we think the academic consistency takes care of it," the spokesperson said. The company has already made offers to 23,500 graduates from 171 colleges in the current hiring season. Many of them that have a good academic record did not sit for the written test, the spokesperson added.

Source
The Times of India