Since the advent of the 21st century, the major concentration of the youths has been being a part of the growing IT sector industry. May it Web or Mobile Application Development, web designing, or any other job. Streets are filled with Coders, Developers and Administrators, each having a bachelor’s degree in their profile, either looking for a fresh job or trying to settle for another one after getting bored from the old one. This is because of the overcrowded competitive market of IT sector undertakings.
However, in a market where it is difficult to even think about setting up a start-up or finding a good-paying job, no matter how knowledgable you are, the three primary IT Sector Giants have set their foot ahead of everyone. They are Infosys, Wipro and TCS. And since the companies are market leaders in providing the best kind of IT solutions to every client organisation, they bag a good chunk of profit every year, making their shares go higher in prices every year. They are the companies with the biggest number of employment opportunities.
We all have a friend or two, who are part of these mega tech firms. Your friend may or may not be making a handsome amount of salary, but have you ever thought what are the salaries of the heads of these companies.
Infosys has released its reports for FY 2018-19, disclosing the amount of money it has paid to its staff. As the report suggests, Salil Parekh, the CEO of Infosys has bagged a package worth Rs 24.67 crore. He earned Rs 6.07 crore in fixed salary followed by Rs 10.96 crore in bonus, incentives and variable pay in 2018-19. Further, he had earned perquisites worth Rs 7.64 crore for exercising 1,03,604 restricted stock units (RSUs) during 2018-19.
The Ceo of Tata Consultancy Services, Mr Rajesh Gopinathan has seconded the spot by receiving an overall package of rs. 16 crore. It included Rs 1.15 crore fixed salary accompanied by Rs 1.26 crore in perquisites, about Rs 13 crore in terms of commission and approximately Rs 60 lakh in other allowances. It is 28% higher than what he made in FY 2018-19. The salary hike percentage is much higher than what most of us ever received.
UB Pravin Rao, COO (Cheif Operating Officer) of Infosys has also not stayed much far from the luxurious salary package. He made it to the Crore Salary Club with a salary of Rs. 9.05 Crores. It included Rs 4.41 crore in fixed salary, Rs 3.83 crore in variable pay and Rs. 81 Lakh in stock option. Last year he made Rs. 8.22 Crore in the company.
UB Pravin Rao
Infosys has recently
announced that it will be allocating 5 crore shares to its employees under a
new employee stock option plan. Following this, Parekh would be receiving Rs 10
crore worth of shares and Rao will be receiving Stocks worth about Rs 4 crore.
Well, who has got the best IT Job now?