Pay check: CXO-fresher salary gap widening in IT sector
Sector experts and IT unions have argued that moonlighting – or pursuing more than one job at a time - has primarily been driven by IT employees earning low wages despite spending 4-8 years in the industry (Illustration: Rahul Awasthi)
Synopsis
The average annual salaries of freshers remained at about $5,000 for over a decade till early 2020 before a couple of rounds of compensation increases by IT firms propelled that beyond the $5,000-mark
Salaries of IT industry freshers have increased only “marginally” since 2010 even as compensation packages of CXO-level executives have jumped 70-90% in the same period, data accessed exclusively by ET showed.The average annual salaries of freshers remained at about $5,000 for over a decade till early 2020 before a couple of rounds of compensation increases by IT firms propelled that beyond the $5,000-mark, according to data provided by staffing
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