Bad news awaiting tech grads entering the job market

Technology companies are likely to hire engineering graduates at the previous year’s levels of ₹2-4 lakh per annum, industry experts said, adding they expect no increase in freshers’ pay this year as hiring winds down after a year of aggressive recruitment.

“IT firms, including large services companies, will see at least 40% drop in fresher hiring target for this year. In such cases, there will be no need for a salary hike. We expect large IT services firms to offer salaries of 3.18-4 lakh for entry-level campus hires,” said Anshuman Das, chief executive and co-founder of Careernet, a talent solutions provider.

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