News: Salaries for fresh engineers in IT companies may fall

Compensation & Benefits

Salaries for fresh engineers in IT companies may fall

For years, fresh engineering graduates have had it good because demand from the IT industry was robust. That's changing. Salaries for fresh IT engineers will be under major pressure in the coming years, Economic Times reported.

For years, fresh engineering graduates have had it good because demand from the IT industry was robust. That's changing. Salaries for fresh IT engineers will be under major pressure in the coming years, Economic Times reported.

“Fresher salaries of Rs 2.75 lakh to Rs 3.25 lakh will remain unchanged or be lowered over the next few years,” wrote Kawaljeet Saluja and Rohit Chordia of brokerage firm Kotak Institutional Securities in a recent report. The trend is changing because the number of students graduating in engineering has shot up in the past few years, and the demand has slowed.

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Topics: Compensation & Benefits, #Updates, #TotalRewards

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