I am currently in Bangalore meeting with software folks of all levels of experience – from fresh graduates to people who have returned from abroad with years of experience.
As I observe and consume all the data that I am gathering, on one side I am happy to see that the place is bubbling with enthusiasm but on the other side I am disappointed about what this is doing to young software engineers. Let me focus on the second part. Here is some background.
The over-compensation was a slow poison. The company was happy to retain her and over-compensating was the quickest way to do that. In this case, the compensation was such that it would be very hard for her to take a job where she will have the opportunity to work on cutting edge technologies but with a lower compensation. She will get a feeling that she is “sacrificing” something (money) to go after her dreams. In reality, she is not “sacrificing” anything – she is infact escaping from the hand-cuffs imposed by the over-compensation.
How about you? Is your current compensation holding you back from making the right decisions?
Something to think about over this weekend.