I have a humble request to the faculty members at IIM-A.
Please don't say things like this:
"The MHRD wants world-class quality in the IIMs. But quality comes at a cost. Unless the government reconsiders the entry-level pay in premier academic institutions, it runs a very real risk of not only not attracting new talent, but also losing the faculty that it already has," the memorandum said. [Bold emphasis added]
Please remember that there are so many senior professors among your ranks. If you still insist on the correctness of this risk analysis, you are saying -- implicitly, of course -- that they are all lucking fosers.Or, incompetent retards. Or, ...
* * *
Actually, that's not all. You know, perhaps you should consider the following:
The salaries under the Sixth Pay Commission are higher by as much as 75 percent for all categories.
The SPC award comes at a time when firms have been on either reduced or frozen hiring. I hear people talking about a "global recession" and a general glut in the market for managers.
Putting these two observations together, I think a reasonable person would conclude that during the past decade or so, the salaries were far lower than at present, and the external conditions were far better than at present.
And yet, a large number of IIM-A's senior professors chose to stay on. To me, this cries out for an explanation. Unlike what you seem to think, I actually think of IIM-A professors as (somewhat) rational beings who respond to incentives. You know, incentives such as:
Non-salary benefits. Safe, comfortable on-campus housing, a congenial atmosphere for kids to grow up in, etc.
Many opportunities for earning extra money through consulting and EDPs.
Maybe, just maybe, a benign environment that makes minimal demands on faculty, generally making life quite comfortable.
One could think of several others. Thus, I suspect you are grossly overestimating the risk of losing people.
Please don't back up your salary demands using justifications that can't survive even minimal scrutiny.
At the least, please don't let your justifications give the impression that those who leave IIM-A are somehow superior to, or smarter than, those who choose to stay on. You are sending a very wrong signal.