Indian Economy (16 Viewers)

[angryindian]

This is what every salaried employee working in MNCs and the Private sector should know

 

[eastern_bhartiya]

This is what every salaried employee working in MNCs and the Private sector should know
View attachment 40405

This fact varies by industry, most senior devs in Product based companies and Managers are between 40-55.

 

[Suryavanshi]

This fact varies by industry, most senior devs in Product based companies and Managers are between 40-55.

I don't think we know how retirement will work out for IT industry since most who had joined the wave haven't retired or are on the verge of retiring besides the one who have already taken early retired

 

[Vinash]

This fact varies by industry, most senior devs in Product based companies and Managers are between 40-55.

Correct. It depends on the industry.

This doesn't apply to industries like Infra and Construction. Have 2 very close family members in L&T and both are in their late 50's and their top bosses are actually asking them to postpone their retirement.

The take is probably true for IT industry.

 

[liberalredditor]

This is what every salaried employee working in MNCs and the Private sector should know
View attachment 40405

this is what is most worrying for me, he is 52, idts that any company will hire him even though his technical knowledge is top of the grade
and i am only 19, his retirement is close, i have to buy a house also, cannot shift every couple of years. i just hope that there isnt a major recession in the next 5 years

also retirement age in pvt sector for male was 58 right?

 

[angryindian]

this is what is most worrying for me, he is 52, idts that any company will hire him even though his technical knowledge is top of the grade
and i am only 19, his retirement is close, i have to buy a house also, cannot shift every couple of years. i just hope that there isnt a major recession in the next 5 years

also retirement age in pvt sector for male was 58 right?

Most private companies set the retirement age between 58 and 65 years, with 60 being the most prevalent.

 

[angryindian]

Correct. It depends on the industry.

This doesn't apply to industries like Infra and Construction. Have 2 very close family members in L&T and both are in their late 50's and their top bosses are actually asking them to postpone their retirement.

The take is probably true for IT industry.

I had a very senior boss who was still working at 74 because he was so knowledgeable about refinery, gas piping, and pipeline designs that the company asked him to stay instead of retiring. However, these kinds of people are exceptions, not the norm.

I’ve seen many in their 40s and 50s forced to work for reduced pay or relegated to less relevant departments, or fired outright.