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Monday, April 25, 2011

"Patent"ly Rich...

Adobe India doles out up to 200% bonus for innovative employees - The Economic Times: "At Adobe's India centre, bonus payouts are not just linked to meeting key result areas (KRAs) or targets, but also to how innovative employees have been through the year.

This year, the company doled out bonuses up to 200%, a reflection of the firm notching up 200 patent applications to its name over the years, second only to the number of patents applied from its US office. The company has 40% of its global research and development talent in India and one of its most profitable global business units, the firm has five in total, is fully managed here.
"In India, the opportunity for us is talent arbitrage, not cost arbitrage. We choose the best people from the highest ranked colleges like the IITs and other tier I technology schools and make every effort to keep them together," says Jaleel Abdul, senior director, human resources, Adobe Asia-Pacific.

To keep the flock together, the company is paying top dollar for top-notch talent, 50-60% higher than most other tier I firms. It has promoted 30% of its engineering staff last year and ensured that employees have full ownership of products that are commercialised and are not involved with just a part of the product, as is often the case with global technology firms. which has research centres here... "

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