Published on Mon, May 21, 2007 at 08:23 | Source : Moneycontrol.com
Updated at Tue, May 22, 2007 at 09:52
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IT majors firm up hike in entry-level salaries
As campus recruitment by IT services firms for 2008 gathers momentum, salaries being offered to fresh engineering graduates are reaching new highs, breaching the Rs 3-lakh mark.
As campus recruitment by IT services firms for 2008 gathers momentum, salaries being offered to fresh engineering graduates are reaching new highs, breaching the Rs 3-lakh mark.
Major IT firms and even some mid-size ones have increased their entry-level compensation packages by 10-16 per cent, as competition intensifies to attract the best talent from campuses.
Typically, IT firms start campus recruitment 12-15 months in advance; the hiring process for 2008 began in March-April and is set to peak in July-August, once the exams of sixth semester are over.
Sources at TCS confirmed that the company had raised its entry-level package by 10-15 per cent for graduates joining in 2008.
TCS is offering annual salaries ranging between Rs 2.7 lakh and Rs 3.3 lakh, depending on the colleges and course streams.
Major IT firms and even some mid-size ones have increased their entry-level compensation packages by 10-16 per cent, as competition intensifies to attract the best talent from campuses. 
