News: Hiring and pay packets for freshers in IT sector on the rise

Compensation & Benefits

Hiring and pay packets for freshers in IT sector on the rise

According to a survey conducted by MyHiringClub, despite the economic uncertainty, fresher recruitment and salary levels have seen a upward trend in the IT and ITeS sector during the January-March quarter of 2012 compared to other sectors in the same period. The survey findings reveal that IT and ITeS Sector had recruited 24 per cent freshers in the last quarter of FY'12 of their total hiring, a surge of 9 per cent from the year-ago period.

According to a survey conducted by MyHiringClub, despite the economic uncertainty, fresher recruitment and salary levels have seen a upward trend in the IT and ITeS sector during the January-March quarter of 2012 compared to other sectors in the same period. The survey findings reveal that IT and ITeS Sector had recruited 24 per cent freshers in the last quarter of FY'12 of their total hiring, a surge of 9 per cent from the year-ago period.

Among the nine industries surveyed, infrastructure sector recruited 21 per cent freshers, followed by engineering and manufacturing and automobile sector (18 per cent), retail (16 per cent) and FMCG (14 per cent). However, fresher recruitment in banking and financial services, telecom had taken a beating in fourth quarter of 2012 in comparison to same period last year. Further, hiring in banking and financial services declined by 2 per cent to 13 per cent and dipped by 4 per cent to 9 per cent in telecom sector.

In terms of geography, Bangalore, hub of IT and ITeS companies witnessed a maximum fresher recruitment of 24 per cent followed by Delhi-NCR (21 per cent), Chennai (18 per cent), Mumbai (15 per cent), Hyderabad (13 per cent) and Kolkata (10 per cent).

Source: The Economic Times

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Topics: Compensation & Benefits, Campus Recruitment, #Updates, #TotalRewards

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