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9 Top-Paying Tech Firms: Glassdoor
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Ashu001
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Ashu001,
User Rank: Ninja
5/3/2015 | 12:34:14 PM
Re: American tech needs a paradigm shift
Dave,

You raise excellent points here(regarding the Changing nature of IT Business Globally).

I really liked what you had to say here especially-

If you hire a consultant (or a contractor from a firm) they have to pay top dollar to the talent and then they have to charge you OVER top talent so they make a profit. This worked fine when top talent was available for cheap from all over the world. As salaries rise in many developing countries, it isn't working. So now, you hire the top talent directly and save the premium.

Just thought I would share with you something about the industry that I read recently.

The First was a story about TCS[The World's Largest IT Outsourcer today-They employ over 300,000 people Globally].

For the first time in Decades,they dissapointed for Profits as well as Revenue.

When the CEO was questioned aggressively about why this happened he said something very,very interesting-"The Days of High-Double Digit Growth for the IT Outsourcing Industry are over Globally."

Consumers have become more demanding especially with respect to Cost as well as Product offerings today.If you can't deliver something which is'nt available easily in-house they are just not interested in talking to You.

The other was from Wipro[India's 4th Largest IT Outsourcer];they have been dissapointing on results for a while now and they have said its time to implement a "Factory Model of Automation".

The Days of Simply adding more Headcount which translates to Rising Revenue are over.

In fact they plan to cut Workforce employed by close to 30% in-house over the next three years.

These two interviews clearly tell you that things are changing very quickly and rapidly in this space(especially in their desperation to stay relevant to clients key concerns/needs).

Innovate or Die is definitely the mantra here.

 

 
SachinEE
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SachinEE,
User Rank: Ninja
4/30/2015 | 10:10:54 AM
Re: American tech needs a paradigm shift
I am surprised to see NetFlix paying more than Good Technology. I also never thought Good Technology and other companies would pay more than Google. However I think money is not everything. Amenities and workplace ethics put Google at the top of most desirable places to work.
SachinEE
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SachinEE,
User Rank: Ninja
4/30/2015 | 10:04:22 AM
Re: American tech needs a paradigm shift
@impactnow: I think talent is overlooked because interviewers only take those who show what they can do. They don't take those people who don't perform well at an interview, although they might have more talent than the ones recruited. Interviewers should know how to bring out the best in freshers/employees.
SachinEE
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SachinEE,
User Rank: Ninja
4/30/2015 | 10:01:23 AM
Re: American tech needs a paradigm shift
@kstaron: When you are fresh out of any technical school the hardest thing you have to go through is making the company recruiter believe you know your field. Now most freshers do not have that luxury of knowing what to do in their field because they lack training. Not classroom training but hands on work, however internships although extremely popular, still cannot assure you have enough training for that job.
kstaron
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kstaron,
User Rank: Ninja
4/29/2015 | 5:57:12 PM
Re: American tech needs a paradigm shift
I agree that companies need to start taking some responsibility for training up some people if the skills are scarce.  But the fact is they haven't yet, so no matter if you are male or female or 20 or 50, you need to take the time to learn what you need to and find a way to show them that you can do the work they need you to do. It doesn't have to be  classroom education either. If you can knock their socks off with a program you learned how to code from a book it can show you are dedicated and have the potential to do what they need you to.
David Wagner
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David Wagner,
User Rank: Strategist
4/29/2015 | 1:26:12 PM
Re: American tech needs a paradigm shift
@ashu001- Well, I'm sure it depends on your business. But I think the issue is that the work is the work. You have x dollars to get done y work. Even if you take the cynical view that the CIO is out to get the biggest bonus possible, he or she does that by doing the most with the least.

One of the common discussions going on here is what is the right mix of insourced and outsourced work. Several people say that a year or two ago they thought the right ratio was 30% in and 70% out. Now, they think the pendulum is swinging back toward in. Most mentioned to costs to outsourcing-- lack of innovation and the premium they were paying for talent.

If you hire a consultant (or a contractor from a firm) they have to pay top dollar to the talent and then they have to charge you OVER top talent so they make a profit. This worked fine when top talent was available for cheap from all over the world. As salaries rise in many developing countries, it isn't working. So now, you hire the top talent directly and save the premium.

Of course, certain things should just be shunted to the cloud or done via a service because they aren't core to your business or you don't have capabilities or whatever. 

But a lot of this is about global economics of IT changing.
Ashu001
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Ashu001,
User Rank: Ninja
4/29/2015 | 1:14:32 PM
Re: American tech needs a paradigm shift
AskSqn,

Actually this works both ways.

Lot of companies really do struggle to find the right kind of Staff who can fit right in and deliver ASAP.

That's why they gravitate towards the H-1B model so easily.

But you also see another aspect to this whole debate,why are'nt companies spending more on Training/re-training existing staff in new skills.The reason for that is usually they are either massively pressed for Time or resources.

Both aspects need to be looked at more closely today.

As for the whole Telecommuting thing-Most Companies are moving away from the whole Telecommuting model because its either not possible to deliver adequate quality or assess employees effectively enough.

Working from home-One day a week is fine but anything more usually gets difficult to manage and monitor for Managers.

 
Ashu001
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Ashu001,
User Rank: Ninja
4/29/2015 | 1:07:30 PM
Re: American tech needs a paradigm shift
David,

Thank you so much for sharing your observations with us here at the IW community!

I must say that none of your observations were very surprising to me personally.

Just had a query-By bringing more folks onto the Company Balance-Sheet won't this go against the Asset-Lite model of most Enterprises today?[You know how they are firing more and more folks and looking to be responsible for as few employees as possible on a Day to Day basis-Everyone's on Contract Basis-Hire and Fire Happily as you feel like].

Not able to generate High Profits to pay yourself a Gigantic Bonus?

Lets fire more folks then!

Even if its these guys who do the actual work.

Regards

Ashish.
David Wagner
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David Wagner,
User Rank: Strategist
4/29/2015 | 12:49:42 PM
Re: American tech needs a paradigm shift
@impactnow- It looks like people are trying a lot of different things. Some folks I've been talking to are looking to automate more. Others are looking at insourcing as a way of saving money. It seems counterintuitive, but several CIOs here at IWeek cCnference have been noting that they are paying a premium for consultants or contractors because those folks need to make a profit, too. Insourcing avoids the middleman and allows you to pay the employee directly (meansingyou can compete on salary). I have to say others have sort of given up. They see the problem. they just don't know what to do about it.

I think we're seeing a lot of flux in strategy and the movement of people (cloud is a major driver of this). Stay tuned. I think we'll be writing a lot about this in the coming year or two. I'll be attending a session on the talnet gap later today at Interop, too. So maybe I'll have a couple of answers for you.
impactnow
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impactnow,
User Rank: Author
4/29/2015 | 12:36:17 PM
Re: American tech needs a paradigm shift

 

Dave very interesting list it really provides a landscape of where the tech industry is and where it's going. I agree that there is a lack of talent but there is also overlooked talent. What strategies did you find companies looking at to get good talent? Are they looking at telecommuting/remote offices, opening offices in talent heavy regions outside of NY and SF?

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