BENGALURU: Infosys EVP and group HR head Krish Shankar told TOI in an exclusive interaction that freshers in the company today get promoted much faster and get substantially higher jumps in salaries than a few years ago.
The point was made in response to the concern often expressed about fresher salaries in the IT industry having stagnated at about Rs 3. 5 lakh per annum for years. “Earlier, a software engineer trainee who joined us would have got a50% compensation increase over three years. Now, given our early career rewards and accelerated growth, trainees get a 90% increase over three years,” he said.
Shankar, who retires on Tuesday after over seven years with Infosys, also said that while previously IT services companies hired freshers only as software engineers, now there are various roles like digital engineers and power programmers, who join with ahigher salary package. “Power programmers make about Rs 6. 2 lakh per annum when they join, and digital engineers make Rs 9 lakh. So, the proportion of freshers joining at Rs 3. 5 lakh is coming down,” he said.
The point was made in response to the concern often expressed about fresher salaries in the IT industry having stagnated at about Rs 3. 5 lakh per annum for years. “Earlier, a software engineer trainee who joined us would have got a50% compensation increase over three years. Now, given our early career rewards and accelerated growth, trainees get a 90% increase over three years,” he said.
Shankar, who retires on Tuesday after over seven years with Infosys, also said that while previously IT services companies hired freshers only as software engineers, now there are various roles like digital engineers and power programmers, who join with ahigher salary package. “Power programmers make about Rs 6. 2 lakh per annum when they join, and digital engineers make Rs 9 lakh. So, the proportion of freshers joining at Rs 3. 5 lakh is coming down,” he said.