If you stay at your job, your average wage growth would be around 5%-7% in India.

The usual inflation in India is around 6%.

This means that a large segment of folks working at their jobs become poorer in real terms each year.

[A thread]

[1] Therefore, you see severely high attrition rate in India:

- At TCS (probably the best IT firm in India) the attrition is roughly 8%
- At Accenture it is around 17%
- At several startups it is above 30%

[2] Even top firms are stingy with increments:

PS: The numbers quoted all "all-in" increments. The in-hand wage rise would be at far less.

[3] Now interestingly, if you switch your job, the average salary growth is roughly 10%.

- Therefore, switching job has become a top priority for many.

[4] Startups inadvertently are promoting the "switching" trend:

- If you think about it rationally, many startups are flushed with funds.
- They don't have an extensive brand value (yet).
- In the talent war, they end up paying more.

[5] How can you benefit?

- Build skills.
- Build network.
- Switch.

And, recognise the fact : People switch, simply because they don't want to work their way to perennial poverty.

[6] If you liked the content:

- Do follow: @akshat_world
- Kindly consider RT the first tweet.