IBM to laid-off: Want a job in India?
Employees who would otherwise face layoffs from their North American jobs at IBM are being given the chance to work abroad through ‘Project Match’. There are a number of options and India is one of them. Will it be Indian wages with local labour laws is not yet sure. There are many parameters needed to take into consideration for an North American to move to India.
But what about Swedes wanting to move to India? I am not taking up the discussion about layoffs here. Just looking at basic differences such as wages & taxes for e.g. – is there a huge difference?
According to Payscale median self-reported hourly wage is Rs 1,000 (USD $20.50) for an Indian Sr. Software Engineer/Developer/Programer.
According to Lönebarometern median self-reported monthly wage for a programmer in Sweden is SEK 28061 (USD $3941,15). My crude calculation below and I apologies.
Around 278 working days per year (including 5 weeks vacation).
278days/12months= 23 working days per month.
23d * 8h = 184h per month
$3941,15/184h = $21,41 hourly wage
I have just looked at programmer but there are many categories at Lönebarometern. I have also taken into consideration 8 working hours per day.
Tax in India
Personal income tax is levied by Central Government and is administered by Central Board of Direct taxes under Ministry of Finance in accordance with the provisions of the Income Tax Act. The rates for personal income tax are as follows:-
Income range (Rupee) Tax Rate (%)
0-100,000 Nil
1,00,000-1,50,000Rs 10%
1,50,000-2,50,000Rs 20%
2,50,000 and aboveRs 30%
Surcharges of 10% on total tax is levied if income exceeds Rs. 8,50,000
Tax in Sweden
Taxalbe earned income/Local income tax (average rate = 31.60%)
For other taxes see the link.
Other considerations such as labour laws, working conditions, living conditions, moving family, etc. etc. needs to be taken into consideration. Well, I wouldn’t mind 25+ warmth right now.
Of course I have it easy and the actual decision is much more tough especially for a person who has never been to India. Morgan Spurlock, from “Super Size Me”, has a TV show called 30 Days where he documents 30 days of a laid-off US IT worker finding employment in India. It’s also available at Amazon: 30 Days: The Complete Second Season
So, what do you think?
