Startups engineer salary hike for freshers, bring cheer to upcoming joinees

Startups engineer salary hike for freshers, bring cheer to upcoming joinees

To attract freshers and engineering graduates e-commerce and other startup companies are hiring by offering better salaries with increased pays. Salaries for entry level employees stagnant in the Rs 3.5 to Rs 4.5 lakh band for 5-8 years are showing signs of going up, bringing cheer to the roughly 1.5-million students graduating next year. Different IT companies are evaluating the increased competition from players like e-commerce and may need to relook at salaries.” Says NAASCOM vice president. Engineering colleges say mass recruiters like Infosys, Wipro, TCS, and Accenture offer between Rs 3.5 lakh and Rs4.5 lakh for an engineer, and this amount has not changed much in the last 5-8 years.

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