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Pay packets for freshers in IT sector on the rise

Pay packets for freshers in IT sector on the rise

Fresher recruitment and salary levels have seen an upward trend in the IT and ITeS sector during the January-March quarter.

New Delhi: Notwithstanding the economic uncertainty, fresher recruitment and salary levels have seen an upward trend in the IT and ITeS sector during the January-March quarter of 2012 compared to other sectors in the same period, shows a survey.

The survey findings reveal that IT and ITeS Sector had recruited 24 per cent freshers in the last quarter of FY'12 of their total hiring, a surge of 9 per cent from the year-ago period.

Besides, salary level in campus placements was up by 8 per cent in IT and ITeS.

Overall, recruitment index has risen by 11 per cent in January-March quarter to 24 per cent.

Among the nine industries surveyed, infrastructure sector recruited 21 per cent freshers, followed by engineering and manufacturing and automobile sector (18 per cent), retail (16 per cent) and FMCG (14 per cent).

"The fresher's hiring trend this year looks upbeat with IT majors recruiting more compared to last year. The fresher's recruitment market had seen growth in terms of number of hiring and salary," said Rajesh Kumar, CEO, MyHiringClub, which conducted the survey.

However, fresher recruitment in banking and financial services, telecom had taken a beating in fourth quarter of 2012 in comparison to same period last year.

Further, hiring in banking and financial services declined by 2 per cent to 13 per cent and dipped by 4 per cent to 9 per cent in telecom sector.

The survey, which was done among nearly 900 employers and over 1,200 institutes, said the growth of salary level in campus placement was low in banking and financial services as it grew by two per cent and rose a dismal one per cent in telecom space.

In terms of geography, Bangalore, hub of IT and ITeS companies witnessed a maximum fresher recruitment of 24 per cent followed by Delhi-NCR (21 per cent), Chennai (18 per cent), Mumbai (15 per cent), Hyderabad (13 per cent) and Kolkata (10 per cent).

Talking about outlook, Kumar said: "global concerns would not have a impact on the fresher recruitment in the current year though it might be an issue later.

"Even if various economic issues in the developed countries have an impact on the Indian industry, the fresher recruitment would not be the first to get affected by this."

first published:May 08, 2012, 20:30 IST