The Securities Exchange Board of India (Sebi) has refuted allegations of a poor work culture, stating that its employees are well-compensated and that recent claims are being driven by external influences. Sebi also addressed specific instances cited in the allegations, explaining the actions taken to address them.
Apple, known for its innovative products, pays some of the highest salaries in Silicon Valley, attracting top talent to drive its vision. This article explores the salary ranges for various roles at Apple, revealing how the tech giant compensates its employees and highlights the competitive landscape in the tech industry.
Despite a recent talent war that spurred pay hikes, the median salary for graduates from India’s top management institutes, the Indian Institutes of Management (IIMs), has plateaued or even dipped for the 2024 batch. This stagnation is attributed to a cooling global economy and a shift in hiring priorities by companies. While IIMs have increased their fees to address rising costs, students face concerns about their return on investment.
Meta Platforms is attracting top virtual reality developers with exorbitant salaries, potentially exceeding $1 million annually. The company’s aggressive hiring strategy reflects its commitment to building its metaverse, despite significant financial investments and losses. This move contrasts with Apple and Alphabet’s pay packages for similar roles.
The annual salary packages for graduating students from the Indian Institutes of Technology (IITs) have decreased significantly in 2024, with a median salary of ₹15-16 lakh compared to ₹18-20 lakh in 2023. This decline is attributed to a global economic slowdown, industry shifts, and increased competition. Furthermore, the number of unplaced students has risen dramatically, with 38% of IIT graduates remaining unplaced in 2024, compared to 21% in 2023 and 19% in 2022. This trend highlights the challenges facing the job market for engineering graduates.
Tata Consultancy Services (TCS) CEO K Krithivasan’s annual compensation for FY24 stood at ₹25.36 crores, making it the lowest among the large IT firms in India. However, it is important to note that Krithivasan’s salary was for a 10-month period compared to the full year for the outgoing COO, NG Subramaniam, who earned more than the CEO. Despite a marginally lower salary, Krithivasan’s compensation includes basic pay, benefits, allowances, and a commission of ₹21 crore. He currently holds approximately 11,232 stocks in the company. In comparison, other leading IT firms such as Infosys and Wipro have yet to release their annual reports for FY24. However, in FY23, Infosys’ CEO Salil Parekh had the highest remuneration of ₹56 crore, followed by Wipro’s newly appointed CEO Srinivas Pallia with ₹50 crore annually.
According to state data, seven superintendents in Onondaga County suburbs earned over $200,000 during the 2022-2023 school year, with all of the county’s highest-paid school employees being superintendents except for one.
Worcester police officers dominated the city’s top earners list in 2023, with 44 officers among the top 50. Former Police Chief Steven Sargent ranked third, earning $276,639, while Interim Chief Paul Saucier followed closely with $254,828. In contrast, firefighters barely cracked the top 100 earners, highlighting the significant salary disparity between the two public safety departments.
