As per a report of Economic times in almost all big IT companies though there has been quite a up gradation in salary for the senior people but salaries for fresher entry-level jobs, especially those who are getting selected from campus interview have remained almost fixed or stagnant for the last seven years. The reason behind it are lot of combined factors like increasing automation, pressure to keep costs low and double-digit rate cuts by outsourcing clients.
There is also another reason, which seems to be more vital and that is inflation, which has jumped 45-50% since 2007-08 and this is taking a toll on fresher level salary. Thousands of new jobs have been created in the country by a slew of start-ups where entry level salaries have gone down effectively. According to the global HR head of one of India's top five IT firms on the condition of anonymity "We really don't see the need to raise entry-level salaries - it will stay stagnant for now," said the. "Given the glut of engineers at the fresher level, we can afford to keep salaries at the same level for the foreseeable future".
Now a day a fresh graduate engineer in It are getting a starting salary of 2.70 lakhs per annum which is approximately INR 23,000 per month. Even after 7-8 years later the same situation is prevailing and has not increased. As per several human resource executives TCS, Infosys, and Wipro are among the lowest pay master at entry level.
So all of you who are fresher and waiting for a job desperately, try to look beyond these IT firms and start applying to middle tier companies. They do not have huge work force and as a result for them every worker in their company is asset and they pay good salary even at entry level. You can also join startup companies where you cannot expect a very good salary but what you can learn is unbelievable and knowledge is untouchable by inflation. Keep your CV ready with you and post it in our site Fulltimejobs- India.