News: Salary gap between freshers and mid-level executives in IT to widen

Compensation & Benefits

Salary gap between freshers and mid-level executives in IT to widen

The gap in salaries between freshers and mid-level professionals in the IT industry is likely to widen by 8 times this year. IT companies are looking to curtail the cost of training freshers. Post-recession, entry level salaries have remained stagnant while mid-level salaries have grown between 8% and 14%. Adjusted for inflation, entry-level salaries have actually fallen in the IT industry in the last 10 years.

The gap in salaries between freshers and mid-level professionals in the IT industry is likely to widen by 8 times this year. IT companies are looking to curtail the cost of training freshers. Post-recession, entry level salaries have remained stagnant while mid-level salaries have grown between 8% and 14%. Adjusted for inflation, entry-level salaries have actually fallen in the IT industry in the last 10 years.

Read the Economic Times news report here.

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Topics: Compensation & Benefits, #Trends, #Corporate, #TotalRewards

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