TCS, Infy et al. are hiring lakhs of freshers. Sadly, joining CTCs haven’t changed much in a decade.

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Synopsis
IT companies aim to hire as many as 360,000 freshers by the end of this financial year. Fresher hiring booms of the kind we are seeing now haven’t been witnessed for nearly a decade. Earlier, hiring booms sometimes resulted in a significant bust. But salaries haven’t changed much in the past decade. Why aren’t IT firms paying them well?

There has never been a time when Mr. Fresher was so important for India’s IT industry. You see, Mr. Fresher is an indispensable character in the current scheme of things. He is the heart of the business model of IT firms, the base of the pyramid, but sadly, for the past several years — a tragic figure. For perspective, IT companies’ clients don’t want them until they have been at work for at least six months, their positions are first in line to