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Are you underpaid?

Are you wondering if you are underpaid? Seeking answers to such recurring doubts could be just a click away.

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Now finding out is just a click away

AHMEDABAD: Are you wondering if you are underpaid for your qualifications by the industry standards? Are you worried that your employers might be exploiting your talents and that your value could be much higher in another part of the country or the world?

Seeking answers to such recurring doubts could be just a click away now with payroll HR specialist website www.paycheck.in. The online research database website lets you look at pay rates for hundreds of different jobs in all walks of life - private sector, public sector and not-for-profit.

The website is managed by Indian Institute of Management, Ahmedabad (IIM-A) professor Biju Varkkey as part of a research funded by research organisations in the EU. The website is managed by ITPF - IT Professionals Forum, IIM-A and the Indian Institute of Science. Negotiations with other partners in India are under way.

“Salary details are still treated as confidential and secret. Especially in new organised sectors like IT, salaries are not discussed and there is no effort to benchmark them. Although salary information is available, it is not easy or cheap to access. Paycheck’s focus is on answering this persistent question: ‘Am I paid what I should get’?” Prof Varkkey said, explaining the need and concept of the website.

The utility of this data is particularly high for professionals who wish to shift industries or cities and need to negotiate for the new job. Besides, HR consultants and corporates looking to hire in a new sector will also find the data valuable. “The ‘salary checker’ gives an insight into the earnings of working people at different levels in organisations across sectors and their satisfaction levels with the same.

The website hosts free salary checker service available to, and used by people in different occupations. It allows them to compare their salary with that of others doing a similar job. This information will be valuable to trade unions and employees in negotiating salary/pay and for promotion and recruitment,” Varkkey added.

What’s more, detailed reports on salary differentials across gender, ethnicity and age groups, across regions and nations, across occupations and industries, within multinational enterprises and for foreign versus local establishments in national economies are also available.

So where does this data come from? “Paycheck relies on people in all parts of the country, in all sorts of different jobs, to give us information about their employment conditions. Visitors answer a detailed questionnaire - qualitative as well as quantitative - about their salary packages. In return for letting us know about your pay, they get to find about thousands of other people’s pay. We think it’s a good deal,” Varkkey added.

The individual data is collated and segregated industry wise, managerial position wise and processed by a software to produce digested information. With EU funding, the network (wageindicator.org) now encompasses seven other European countries — the UK, Germany, Spain, Poland, Belgium, Denmark, Finland, and Italy — and has already launched in India, China, Russia, USA, Brazil South Africa, Argentina.

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