As campus hiring comes back to normal in city colleges, HR experts say that their salaries haven’t really changed that much in recent years.
Story so far: As of now, the average salary for freshers in IT companies ranges from ₹3.5 lakh to ₹4.5 lakh per annum. Even after keeping this in mind, around 30% to 40% of IT graduates don’t get placed as the supply is far larger than the demand. This forces the graduates to accept the low salaries as there is a significant dearth of jobs.
- Honing skills: HR experts said that the increase in digitisation in a lot of companies has made them want to hire individuals with specific skills. Freshers with experience in Java, data analysis and cloud computing have better chances of securing bigger salaries.
Job scarcities: As per official data, around 31 lakh students enrolled in engineering colleges in 2020-21. Out of them, only 6.5 lakh were hired due to college placements. This high level of competition pushes new graduates into tight corners. And after the pandemic and unemployment crisis, students feel like any job will do.