News: Entry level IT jobs pay little

Compensation & Benefits

Entry level IT jobs pay little

Salaries for entry-level IT jobs in India have remained stagnant for almost seven years. Most of the trend was caused by the increased levels of automation, pressures to keep costs low, and rate cuts. While inflation has gone up by 40-50% since 2007-08, there has been an increase in the number of IT jobs created in the country since then, keeping salaries at stagnant levels.

Salaries for entry-level IT jobs in India have remained stagnant for almost seven years. Most of the trend was caused by the increased levels of automation, pressures to keep costs low, and rate cuts. While inflation has gone up by 40-50% since 2007-08, there has been an increase in the number of IT jobs created in the country since then, keeping salaries at stagnant levels.

Read the Economic Times news report here.

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Topics: Compensation & Benefits, #Trends, #Corporate

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