Salaries of entry-level employees in India’s information technology companies have risen faster than that of mid-level executives in the past three years as recruiters continued to focus more on hiring fresh graduates.
Salaries of entry-level employees grew nearly 15% between 2017 and 2019, compared with the mid-level salary base that increased 11% during the same period, according to data compiled by recruitment services firm Teamlease. Those with 7-15 years of experience are considered mid-level.
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The difference was starker when companies hired temporary workers where salaries of freshers grew 26%, outpacing a 19% increase in mid-level salaries in the same period. Temporary employees, or subcontractors, have been a significant area of expenditure for Indian IT companies, especially in north America, as they race to capture demand ahead of their competitors.
Source: livemint
