ap7am logo
Logo Bar bseindia nse-india msn yahoo youtube facebook google thehindu bbc ndtv v6 ABN NTv Tv9 etv namasthetelangaana sakshi andhrajyothy eenadu ap7am bhakti espncricinfo wikipedia twitter

TCS, Cognizant raise salaries of freshers

Thu, Sep 03, 2015, 10:56 AM
Mumbai, Sep 03: Software giants Tata Consultancy Services (TCS) and Cognizant Technology Services (CTS) have raised the salaries of the entry-level tech jobs first time in many years, according to reports.

The freshers recruited this year will get 10-12 % higher pay when compared to last year. Analysts said that increasing automation and oversupply of qualified manpower were the reasons for wage stagnation of entry-level jobs.

All the IT companies are in the process of automating a major part of their work. The freshers are not in a position to demand higher salaries due to the oversupply of qualified manpower. Of the 1.3 million engineers graduated in the 2014-15, only 2.5 lakh were hired by various tech companies.

According to a report, in 2013, the salaries of entry-level staff in the IT sector was the lowest in the past 15 years.

Big companies are raising freshers salaries due to the stiff competition from start-ups. Many domestic start-ups are offering a salary package of Rs 5 lakh per annum higher that Rs 3 to Rs 4 lakh being offered by big companies.
Agency: Ap7am Desk
X

Feedback Form

Your IP address: 54.167.129.169