Hello Sir, i am having around 18 years of experience in IT but according to the market standards and my skillset i feel i am underpaid, should i switch to get a better hike? Also i feel that in market people are giving more importance to lesses experience resources. What needs to be done?
Shinoj
Ans: Hello! I understand that you have around 18 years of experience in IT and feel that you are underpaid. It’s natural to feel that way, especially if you feel that your skills are not being adequately compensated. However, before making any decisions, it’s important to do your research and weigh the pros and cons of switching jobs.
According to a recent article on Forbes India, the Indian IT industry has been facing a lot of challenges lately, including layoffs, dropping job volumes, and changing work trends. This has led to a decrease in hiring and active job volumes in the tech sector. In fact, the top four IT companies in India saw a net addition of just 1,940 employees in Q3, the lowest in the last eight quarters. This could make it difficult to find a new job with a better salary.
That being said, if you feel that you are not being paid what you are worth, it might be worth exploring other options. You could start by researching the average salary for someone with your level of experience and skillset. Websites like AmbitionBox can provide you with information on the average salary for IT professionals in India. You could also consider speaking with a recruiter or career counselor to get a better idea of what your skills are worth in the current job market.
It’s also worth noting that while it may seem like less experienced resources are being given more importance in the market, this is not always the case. Many companies value experience and are willing to pay more for it. However, it’s important to remember that the job market is constantly changing, and what may be true today may not be true tomorrow.
In summary, before making any decisions, it’s important to do your research and weigh the pros and cons of switching jobs. You could start by researching the average salary for someone with your level of experience and skillset, and speaking with a recruiter or career counselor to get a better idea of what your skills are worth in the current job market. Remember that the job market is constantly changing, and what may be true today may not be true tomorrow. Good luck! ????
