Am hearing from multiple that fresher salaries have hit an all time low.
My father’s ex-colleague was telling him about the fact that in IIT-D(where he teaches) students are unhappy about the ongoing placements as the salaries are 💩. So I verified with some other folks at T-3 colleges and the salaries are much much worse, more like 3-5LPA 😨😱
20LPA salaries had become standard for SDE 1's fresh out of college. It had to saturate somewhere. There will be a reset.
Yes. People with zero work ex vs those with 2-3 years of work ex were seeing very little difference in compensation because of this, leading to increasing attrition/lack of salary parity too.
From IIT, can confirm this
What are the avg number of compensation provided for cs / non cs? How many are unplaced.
High time freshers salary to be slab slotted. I know this is unpopular opinion but have a plan to make this work with each and every team/department in the company working together on a fresher program meritocracy. Invest in the potential and company own the learning/growth and not on just interviews or college tier levels. The fresh grads are way way way talented to be exposed to dated screening/selection process and even dated performance appraisal programs.
PS : This is just a sad version of an elevator pitch. I know it needs a very tight strategy. So, not debating but just parking my opinion here. Huge believer in new talent programs. One of the biggest contributors to keep innovation alive.
