Oversupply of engineers? Entry-level IT salaries stagnate at ₹3 lakh

BANGALORE: For at least a decade now, freshers’ salary in the IT industry has remained between Rs 3 lakh and Rs 4 lakh per annum and HR experts say workforce dynamics could reshape fresher salary structures over time, and that they attribute this to many factors including oversupply of engineers.

“The salaries of entry-level engineers at IT services firms have been flat over the decades due to a combination of factors such as oversupply of engineering pass outs, the cyclical nature of the IT services business,