Indian IT services firms pay their staff in the United States average wage that are higher than those paid by local companies, a report by market researcher IHS Markit has showed.
Both India-based and India-centric IT firms paid $96,300 on an average in 2017 for software programmers, both local as well as H-1B visa-holders, which was nearly 2% higher than the median wage of $94,800, the report sponsored by software industry lobby group National Association of Software and Services.
An estimated 1,03,000 of the 1,70,000 workers employed by these companies in the US were in the overall computer systems design and related services industry in 2017, according to the report.
IHS Markit used US Bureau of Labor Statistics and other government data to arrive at the conclusions, clubbing them with information provided by Nasscom member companies. Although the total sales of these companies were $129 billion in the US during the period, sales and spending through their US purchasing networks led to an additional $35.7 billion in sales activity, the report showed. Nasscom said the report, as well as three others on the economic impact of these companies, have been submit