To attract talent, L&T Tech hikes fresher salary 25% to about Rs 400,000

Industry pays Rs 300,000-325,000 a year to newcomers, with supply of talent exceeding demand

L&T Technology Services has raised salaries of freshers by 25 per cent to about Rs 400,000 per annum in a bid to attract fresh talent, though entry-level compensation has remained at the same level for many years in the information technology (IT) services industry.
 
At other firms, such as Infosys, TCS and Wipro, starting salary has remained at Rs 300,000 to Rs 325,000 per annum for the last 10 years, with the supply of talent exceeding the demand and new-age technologies — robotic process automation (RPA), artificial intelligence and machine learning — taking a toll.
 
L&T