Iâ€™m writing this entry from Fast NU Lahore Job Fair and lets not even go there about the fair, thatâ€™s a completely separate entry.
I have interviewed about 30 or so students, all of them soon to be graduated in their respective fields like IT, HR, Marketing, Telecom engineering etc. When you ask them their expectation about salary, the uniform response is:
Question: What are your salary expectations?
Answer: It should be at least 25k +
Question: Why 25k, how you came about this figure?
Answer: Sir, I have spent X amount on my education and now have a BS / MBA degree in so and so field. And I think this starting salary would only compensate for the cost I have spent on my education.
Question: You understand that initially, any company be it my own or my clients, they would need to spend some time on your training to make you productive. Do you think it would be wise for any company to pay Rs. 25k to an employee who is going to perform 3~6 months after this training period?
Answer: Sir, XYZ bank is paying Rs. X to their MTOâ€™s, then why we should not be benefited of the package?
When you start a dialogue with them about their expectations and the current market situation; they do realize the reality but then 25k rules â˜º
How this happened? How the students have defined 25K, 30K or 35K as a benchmark for a starting MTO level position? Letâ€™s discuss and is this a right conclusion from the students?