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Indian IT companies are world's worst paymasters, study says

A survey has revealed that Indian IT companies are among the 10 worst paymasters in the world. In India a mid-level IT manager gets an average salary of $41,213 while his Swiss counterpart gets over four times more.

As per recruitment platform MyHiringClub.com's Worldwide IT Salary 2015 survey, India was placed 7th on the list of lowest paymasters for information technology (IT) managers.

Bulgaria was number one on the list with a meagre $25,680, followed by Vietnam and Thailand averaging at $30,938 and $34,423, respectively.

MyHiringClub.com & FlikJobs.com CEO Rajesh Kumar said, "The impact of outsourcing and off-shoring on IT roles in North America and Western Europe helps explain the pattern of global pay."

"Lower-level roles are being moved to regions where talent is cheaper. The jobs that remain in Western Europe and the United States may be fewer in number, but are more demanding and complex. However, there is an increasing evidence of India's growing stature and presence in the high-end value chain, where cost advantages may not be the only drivers of future growth," Kumar further said.

When it comes to countries that dole out the best IT salaries, Switzerland again topped the list with an average annual remuneration of $1, 71,465 followed by Belgium at $1, 52,430.

Denmark stood third on the best-paying list, with average salary of $1,38,920. The US and the UK were positioned fourth and fifth, respectively, with average packages of $1,32,877 and $1,29,324, respectively.