IITs plan to pay handsomely to top-notch researchers
March 6th, 2008
Following is an excerpt from a report in Telegraph.
… The decision, officials at the human resource development ministry concede, indicates a desperate effort to stall the drain of top teachers from IITs to the corporate sector or foreign universities, which offer salaries several times higher than what the government pays.
The ministry has set up a committee under IIT Kharagpur director Damodar Acharya to determine the performance indicators and recommend the raise the best professors will receive.
Quality and quantity of peer-reviewed research and student feedback from classes are likely to be two crucial indicators, sources said.
“The top faculty, who are often wooed by the private sector, will now receive differential treatment and will get salaries close to what they would in the corporate world,†a senior official said.
At present, the faculty are paid a fraction of what fresh IIT graduates earn.
… A separate committee will be set up to revise pay scales for all faculty members at the IITs and the Indian Institutes of Management (IIMs). But the revised scales will be no match for corporate salaries, officials conceded. The increments the Acharya committee recommends will be over and above the hike.
Entry Filed under: IIT, oDishA,Odisha, others and the center