Have heard a lot of noise around IT sector margins suffering due to attrition.

Wanted to share some data and personal experience. Note that this only applies to the multinational companies. Don't apply it to all Indian IT companies.
Hiring people who are outside of the usual pay bands is very frequent for these multinational cos. The way companies handle this is to structure pay in a way that first year salary is higher than the current salary of employee.
The salaries then fall off, unless employee performs very well (in which case they deserve the hike).
These cos achieve this by the way of providing more equity (options, esops etc) in 1st year with subsequent years equity tapering off.

Eg: structuring it like 40% in 1st year, 40% in second, 10% in third, 10% in fourth instead o
25% each year that they generally do.
This definitely front ends the costs and slightly impacts earnings due to tine value of money but the impact is miniscule imo. Earnings might appear optically lower in year 1 or 2, but earning power does not go down.
Conclusion: I don't expect earning power of IT COs to go down. There might be some short term pain due to lot of churn due to covid disruptions, bur eventually things will come back to normal in 2-3 years imo.

Lot of noise imo. Terminal value hardly changes.

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More from @sahil_vi

12 Sep
Vaibhav Global.

The OG 💍💎💍💎💍💎 in the dust.

🧵👇
1. Business Model.

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Don't worry, I'll break those terms down in subsequent tweets.
Let's dive deeper into the vertical integration aspect. VGL is present across the value chain.
(i) Identifying trends & products.
(ii) Manufacturing or sourcing.
(iii) Selling.
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How to make the right decisions so as to end up being financially independent

OR to be rich.

OR to retire early.

OR to improve the standard of your life.

Sharing my views & what works for me.

If you like it, please RT to benefit maximum investors. 🙏
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#racl concall was interesting today. I learned that breaking into company supply chains is quite difficult. Management was appreciated for their corporate governance.

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Not sure if it can be taken as guidance but seems like volume drop due to ev will be more than compensated by GM improvement.
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This thread is to create awareness on how to use
valuepickr.com

Please note that i am not officially associated with website. Only an active contributor & hope to benefit from network effects of interested investors actively contributing on platform.
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Develop an understanding of the biz, industry, competitive intensity, management, valuation
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Mega 🧵👇 on #Pix transmissions & what makes this company special.

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forum.valuepickr.com/t/pix-transmis…
At one point in time, humans had to do all physical labor by hand. Physically making goods, through strenuous labor.
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My life was divided into 3 phases: School, college & job.

With the benefit of hindsight, I wanted to share some key life-lessons from the "school" part of life.

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Plz RT if you find it useful
I mean for this 3-part series of threads to be a definitive answer to "How can I get a Job at Google?"

or in general:

"How can I excel at X" for some X.
For a large part of my school life, I felt I was quite average. I say that in a neutral way. I was neither too good nor too bad at my studies. But mathematics always drew my fascination.
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