Appropriate compensation for IIT interns

This is a question for all the desis on the board...

I've recruited a few summer interns for my companies India subsidiary. They are all from various IITs (CS, EE, Product Design), and are 3rd year / 4th year / grad school.

What's an appropriate range for stipends in such a case? They will be working in India, not the US.

Thanks in advance...

desi_coder
Monday, March 29, 2004

How about the going rate?

Patrik
Monday, March 29, 2004

The "going rate" is what I'm trying to find out by posting on this forum...

desi_coder
Monday, March 29, 2004

Aap kasi hai?

2 rupies and a side of masala dosa.

desi thug
Monday, March 29, 2004

I think your better source of information will be a magazine like Dataquest which publishes survey of salary for various IT professionals. It is published by Cyber Media. [They also publish PC Quest magazine.]

Try http://www.dqindia.com/

JD
http://www.phpkid.org

JD
Monday, March 29, 2004

JD.
Thanks for the link! While not useful for my present situation (which deals with interns, not employees) that survey will be very useful to me in a month or three.

desi_coder
Monday, March 29, 2004

I would say a % of the full pay for that position, probably 70-80%

SR
Monday, March 29, 2004

Pro rata about Rs 5,000.

Point out you'll collect from and drive them to their homes in shining new company 4WD's, and that you offer the chance of working in America. Easy.

CEO On The Take
Monday, March 29, 2004

Whatever they need to afford Ramen noodles, public transportation and a 1-bedroom apartment that 10 of them can share.

Wisea**
Tuesday, March 30, 2004

Why not pay them the same as employees.  If you expect to give them work that a regular employee would have, then you should provide equal pay.  As a result, you'll have ecstatic interns that are getting great pay and want to work there.  As far as cost savings go, you won't have to provide them with benefits.  If you're not going to give them real work, then don't pay them a real salary, but then why hire them in the first place?

Elephant
Tuesday, March 30, 2004

If they have no experience, then they should be paid less then regular employees.

I did a co-op in 97 for $13 an hour and I thought that was pretty good. Of course, at that time, I was used to minimum wage jobs at supermarkets, etc.

AEB
Tuesday, March 30, 2004

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