IT companies may not follow HCL Technologies on freshers' salary

Though HCL Tech has bit the bullet, industry majors, which too are battling high attrition, have not given any such signal, so far.

It has taken a pandemic to move the needle on the salary packages for greenhorn engineers hired by the Indian IT services sector.

The country’s third-largest IT services player, HCL Technologies, has decided to boost the entry-level packages from Rs 3-3.6 lakh to Rs 4.25 lakh for FY23, in a bid to attract fresh talent and keep them for longer to counter the impact of rising attrition. This new package would also be applicable to those freshers who joined the firm in FY22.

Though HCL Tech has bit the bullet, industry majors, which too are battling high attrition, have not given any