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The Relationship Between Work Experience and Employee Compensation: A Case Study of the Indian IT Industry

Author

Listed:
  • Mihir Dash

    (School of Business, Alliance University, India)

  • Suprabha Bakshi

    (School of Business, Alliance University, India)

  • Aarushi Chugh

    (Tata Consultancy Services, India)

Abstract

Work experience is one of the important factors affecting employee compensation. Employers regard experience as an indicator of performance in a similar role or industry. Thus, experience affects the ability of individuals to get a job, affects their starting salary, and plays a role in determining increments and promotions. However, there is mixed evidence in the literature, with some studies finding a significant positive impact, while others have found no significant relationship. The current study examines the relationship between work experience and salary for three groups of employees in the IT sector, representing low, medium, and high levels of experience.

Suggested Citation

  • Mihir Dash & Suprabha Bakshi & Aarushi Chugh, 2017. "The Relationship Between Work Experience and Employee Compensation: A Case Study of the Indian IT Industry," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 6(1), pages 5-10, February.
    • Handle: RePEc:ods:journl:v:6:y:2017:i:1:p:5-10
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    References listed on IDEAS

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    1. Jacob A. Mincer, 1974. "Introduction to "Schooling, Experience, and Earnings"," NBER Chapters, in: Schooling, Experience, and Earnings, pages 1-4, National Bureau of Economic Research, Inc.
    2. Jana Cocuľová, 2016. "Analysis of Selected Factors of the Quality of Work Life as Determinants of Work Performance," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 5(3), pages 149-155, August.
    3. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1, March.
    4. James L. Medoff & Katharine G. Abraham, 1980. "Experience, Performance, and Earnings," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 95(4), pages 703-736.
    5. Michaela Sirková & Viktória Ali Taha & Martina Ferencová, 2014. "An Impact of Continuing Education on Employees in Slovak Companies," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 3(3), pages 170-178.
    6. Jacob A. Mincer, 1974. "Schooling and Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 41-63, National Bureau of Economic Research, Inc.
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    8. Hafsa Maryam & Sania Aiman, 2013. "Attractiveness And Employability: A Qualitative Investigation Into Bangladeshi Perspective," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 2(1), pages 49-57.
    9. Jacob Mincer, 1958. "Investment in Human Capital and Personal Income Distribution," Journal of Political Economy, University of Chicago Press, vol. 66, pages 281-281.
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    Cited by:

    1. Sarfraz, M. & Qun, W. & Abdullah, M.I. & Tahir, S., 2019. "Authentic Leadership, Hope, Work Engagement and Creativity," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 8(1), pages 19-31, February.
    2. Jianhua Ding & Turen Guo & Bin Guo, 2018. "Fat Tails, Value at Risk, and the Palladium Returns," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 7(2), pages 95-103, May.
    3. Jana Coculova, 2018. "Analytical View of Outsourcing Education of Sales Managers," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 7(3), pages 132-140, September.

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