8y
Dear colleague,
We are VERY interested in retaining talented colleagues. At the same time, we are in a bit of a tight situation, as is everyone in the industry in an Indian context. On one hand, engineers have gotten used to large percentage salary hikes each year, much higher than one would get in the US, for example. These were affordable while the USD-INR exchange rate kept moving in one direction, and were needed as inflation remained high in India. 2017 was a low-inflation year, and the exchange rate bucked its usual trend. Infosys delayed its increments, Wipro offered a golden handshake to many senior people, and the average increments at these large companies were very low (much lower than Nagarro's average increments). We are trying to strike a balance. We still remain and are committed to remain one of the best paying employers in the Indian context. It's not a dive to the bottom, it is an adjustment to the reality of the market situation and the exchange rates.
The way out of this for Nagarro India (and in fact for the broader industry) is to become more efficient and innovative. And individuals have to become more multi-skilled and productive. So we can charge more and pay more. It's that simple.
Best regards,
Manas
