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Monday 23 November 2009

PSUs are not considered very liberal with salary payments

Friends,

The top ten pay masters amongst Indian companies, in terms of average salary(Rs in lacs) are the following:

Bharti Airtel: 12.02
Infosys Tech: 11.06
ONGC: 10.40
Gail: 10.09
Hero Honda: 8.92
Wipro: 8.85
Nalco: 7.87
NTPC: 6.97
Reliance Ind: 6.39
IOC: 6.25

Four of above happen to be PSUs and this is remarkable as PSUs are not considered very liberal with salary payments. The Tata and Birla Group companies are also absent. Oil related businesses have greater presence. Manufacturing sector is represented by just two. IT surprisingly has just two members and Infosys remains second while ONGC lost its number one position. It throws up very interesting observations and also tells that the companies with higher salary payments have neither shown poorer market performance nor better market performance as a rule. There is no industry-wise hegemony too. So, in fact it is reflection of management's decision as per its own philosophy and not due to any sort of compulsion.

Hari Om,
Krsna Khandelwal

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