The industry is growing up

June 29, 2008 at 11:43 am 7 comments

There was a time when IT companies in Pakistan were reputed to pay low salaries and operate out of dingy home or make-shift offices. It appears that time has long gone and many companies are growing and moving into independent campuses and spiffy offices. Of course we still have start-ups that are cropping up in their

own versions of ‘garages’, producing innovative solutions and surprising the most optimistic of us in the IT sector with their brilliant ideas. Stories about them have and will keep popping up in subsequent posts.

So what was I saying about salaries? Oh yes. In the past graduates were told to go straight into multinational companies or banks where they would earn good money and have a future. With IT companies matching the salary scales and providing challenging and interesting environments, the exodus from multinationals and banks to IT companies has begun. Kids are finding that they have a good career growth to look forward to when they join a local IT firm. Continuous learning, challenging projects and smart colleagues, friends and mentors are part of the scene. A friend recently told me that in 2004 a FAST graduate came aboard at Rs. 12000; this rose to Rs. 13000 in 2005, Rs. 18000 in 2006 and 22000 in 2007. This month the going rate is around Rs. 30000.

And we are not even looking at the middle management and senior management scales which are significantly higher. P@SHA is conducting a salary survey to determine what the different salary segments are and where they are headed. Whereas fair compensation needs to be paid to bright individuals, we need to ensure that the salary increases don’t hit the roof and are sustainable. Some companies are actually offering incentives in the form of visas and jobs in the Middle East, the US and Canada for those kids who want to explore other pastures.

Companies have also started investing in offices – some have constructed their own campuses – like Netsol Technologies, Autosoft Dynamics and Alchemy. Others have taken entire buildings on rent – like Systems Ltd, Abacus Consulting, Folio 3, Softech Systems, Infotech and Etilize. Yet others have taken up thousands of square feet in new buildings – like PixSense, Mixit, TRG, Inov8 and Si3 – or in STPs – like LMKR, Ovex, Ikonami and others.

It makes my heart glad to see companies growing and maturing and creating environments that are good for business yet providing areas of entertainment and relaxation for teams who work long hours and need to chill out from time to time. So for those who are cynical about this industry, I say to you “Look around … you will be surprised.”

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Meet Mohammad Hanif – author of Exploding Mangoes Another good sign for the IT industry?

7 Comments Add your own

  • 1. DesiBackToDesh  |  June 29, 2008 at 11:35 pm

    Who are the two ignoramasuses leaning on the MIXIT sign.

    Off all the offices pictured above I really like the MIXIT office. As Yusuf is quite fond of saying all companies want to be a MIXIT when they grow up🙂

    Reply
  • 2. Industry Growth « known stranger  |  June 30, 2008 at 11:46 am

    […] Industry Growth June 30, 2008 Posted by bilish in IT Industry, Tech, Web. trackback Salaries showing an increase and companies are willing to invest in their physical appearance. This will surely add value to the brand equity of a specific company for attracting competent HR in the days to come.  Jehan Ara has covered  the development. […]

    Reply
  • 3. Obi Wan Kenobi  |  July 1, 2008 at 11:45 pm

    You think 30K for 3-4 years experience developer is a good salary ? I am not sure about that but then I do not know about local market in Karachi. A good dinner costs you 2000 for a couple.

    If Pasha can do some thing like http://www.glassdoor.com (even to much lower scale) it would be great help to many people who are exploited by all these companies. I work in SV but I have pretty much idea what is my worth and how much a person would be getting in similar capacity but may be Pakistan is too closed a society and the people would not like that and prefer to suffer in silence.

    Reply
  • 4. Jehan  |  July 2, 2008 at 6:38 am

    I believe you have misunderstood what I wrote. I meant that now the starting salary for a fresh graduate from FAST is in the range of 30K – not someone with 3 – 4 years experience. Salaries for someone with that much experience is much much more.

    Glassdoor.com is an interesting concept. Let us have a look at it and see what we can do to come up with something like that. Most of the people I know in the industry are not interested in exploiting anyone. They want to pay a fair wage and create a good environment in which people will be happy to work.

    Reply
  • 5. DesiBackToDesh  |  July 2, 2008 at 9:44 pm

    Obi, the going rate in Karachi for a FAST graduate with 4 plus year of experience is between 60-85K a month, dependent on his profile and skill set.

    Reply
  • 6. The industry is growing up | Tea Break  |  July 17, 2008 at 6:46 pm

    […] This cup of tea was served by: In the Line of Wire […]

    Reply
  • 7. Web Development Pakistan  |  October 16, 2009 at 3:40 pm

    yes very true !! but now in Pakistan IT is well developed … thankx for sharing these pics ….

    Reply

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