Appropriate compensation for IIT interns
This is a question for all the desis on the board...
How about the going rate?
The "going rate" is what I'm trying to find out by posting on this forum...
Aap kasi hai?
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.]
I would say a % of the full pay for that position, probably 70-80%
Pro rata about Rs 5,000.
CEO On The Take
Whatever they need to afford Ramen noodles, public transportation and a 1-bedroom apartment that 10 of them can share.
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?
If they have no experience, then they should be paid less then regular employees.
Fog Creek Home