Given the perspective shown by Neha I would like to carry it forward. Being in the second year of my b-school life I have entered the stage where I need to decide on what kind of an industry I would like to go for. Though as a fresher it does keep playing in my mind that the so called “job profile” and “brand name” are THE most important things to consider but then invariably I tend to think about the pay package or CTC at times. Consulting our immediate seniors is the only solution in my case. Talking to various seniors in all kinds of field I realize most of them have already turned into a cynical lot. A few who were running after the job profile and refused a few lucrative offers, during the final placements believe that they were only chasing a myth. Now most of them plan to quit in another year or so obviously keeping in mind the pay package. A few with the highest salaries in campus have said though the job sucks the only solace for them is the bulk salary that they receive. So I guess for organizations capturing this lot would only be through the high market competitive pay.
In case of professions like journalism or media and law, poaching is the most common way of getting people with expertise. In the field of law the professional not only brings his experience with him but along with it he also gets some of his clients for this new organisation. In this case nothing else except the highest pay package works. They say, “ we work on the number of high profile clients that we have. We need to poach the right guy at the right time. At that point of time money is the least important factor for us.”
It seems market competitive pay is the order of the day and this is what works. It is definitely here to stay.