The IT/software market in India is fairly competitive as it has become one of the largest and most developed IT markets. In recent years, the number of job opportunities available in IT sector has increased manifold. Various companies hiring software engineers in India have emerged with lucrative packages and salaries to woo potential candidates. But which companies offer the highest salary for software engineers? The answer to this question would be different for different profiles of a software engineer like fresher, experienced, PHP developer etc.
IT companies in India are known for providing the best software engineers in the world. This is why most companies prefer hiring from India as opposed to other countries. The demand for software engineers is always on the rise, and this has led to a rise in their salary as well. Here are some of the IT companies that pay the highest salaries to their employees:
- Wipro
- Infosys
- Tata Consultancy Services
- HCL Technologies Ltd
Which company offers highest salary for software engineer in india
Introduction
The Indian IT industry is in trouble. After decades of being a preferred job destination for fresh engineering graduates, the sector has been hit by layoffs across companies. Amidst all this chaos, the salaries of fresh engineering graduates are witnessing a drop for the first time in decades. In the year 2011-12, an average salary of an engineering graduate was Rs 3.5 lakhs per annum with their salary rising to Rs 7 lakhs after gaining five years of experience. Today, an average salary of an engineering graduate with five years of experience has decreased to Rs 6.6 lakhs per annum, according to a Nasscom report. With fewer job opportunities on offer for freshers, it’s no surprise that the Indian IT industry is being mercilessly hit by lay offs. For these engineers, taking home a basic salary of Rs 10-14 lakhs per annum is the most they can hope for in such times. Engineering graduates have always had high hopes on the Indian IT industry
The Indian IT industry is in trouble.
The Indian IT industry has been hit by layoffs, and it is in trouble. The industry is suffering from a lack of skilled engineers, who are being replaced by automation. Automation is cheaper than paying for a skilled engineer to do the job, so it’s likely that this trend will continue as more companies adopt technologies like AI and blockchain.
Amidst all this chaos, the salaries of fresh engineering graduates are witnessing a drop for the first time in decades.
Amidst all this chaos, the salaries of fresh engineering graduates are witnessing a drop for the first time in decades. The salary of a fresh engineering graduate has decreased from Rs 3.5 lakhs per annum in 2011-12 to Rs 6.6 lakhs per annum in 2018-19.
Why is this happening? One reason could be due to the way companies use technology to hire and recruit candidates: by automating the process, their hiring costs go down and their profits go up. In addition, there has been an increase in job opportunities within India during this period as well as globally with many Indian IT firms going global where they can hire more people at lower rates due to availability of talent at low cost (like Philippines).
In the year 2011-12, an average salary of an engineering graduate was Rs 3.5 lakhs per annum with their salary rising to Rs 7 lakhs after gaining five years of experience.
In the year 2011-12, an average salary of an engineering graduate was Rs 3.5 lakhs per annum with their salary rising to Rs 7 lakhs after gaining five years of experience.
In the year 2016-17, the average salary for an Engineering Graduate stood at a whopping Rs 5.5 lakhs per annum as compared to 2.7 lakhs in 2011-12 which is almost a 40% increase over a period of 5 years!
Today, an average salary of an engineering graduate with five years of experience has decreased to Rs 6.6 lakhs per annum, according to a Nasscom report.
According to the Nasscom report, an average salary of an engineering graduate with five years of experience has decreased to Rs 6.6 lakhs per annum. This is because there are fewer job opportunities available to graduates. The decrease in salary is due to fewer job opportunities being available and also because some companies are unwilling to pay high salaries for entry-level engineers or freshers.
With fewer job opportunities on offer for freshers, it’s no surprise that the Indian IT industry is being mercilessly hit by lay offs.
You’re probably wondering why this is happening. Well, the Indian IT industry is in trouble—and it’s not just because of the economic downturn that has affected so many industries in recent years. There are fewer job opportunities on offer for freshers, which makes sense considering that companies have less money to hire new people and train them. As a result, they have been laying off employees left and right. Many older employees are also being let go due to their lower productivity levels or higher salaries compared with newer hires (who can work harder for less).
For these engineers, taking home a basic salary of Rs 10-14 lakhs per annum is the most they can hope for in such times.
With the job market being so tight, especially for software engineers, companies are offering top salaries to attract the best talent and retain them. However, salary isn’t the only thing that makes a company attractive. Job security is important too as one needs to have a good family backup in case of any eventuality. Working conditions and benefits are also important factors when choosing a new employer and should be taken into account along with salary figures.
Job satisfaction is another factor to consider when choosing an employer as you may find yourself working under very stressful conditions if your job isn’t fulfilling enough or if you don’t feel like it’s the right fit for you after all. Location is another important consideration when looking for jobs in India because most companies offer flexible working hours based on location but there are some who do not allow remote work at all or allow it only during certain hours of each day which means that employees might need to travel back home from office every evening if they live far away from where they work which could be inconvenient for some people depending on how frequently they commute between their home/place of residence and workplace.”
Engineering graduates have always had high hopes on the Indian IT industry
Indian IT industry is facing a crisis as fresh engineering graduates have seen a drop in their salaries for the first time in decades. The average salary of an engineering graduate with five years of experience has decreased to Rs 6.6 lakhs per annum, compared to Rs 8 lakhs last year.
The report was published by online job portal Monster India which stated that “there has been a dip in hiring activities across multiple verticals and companies have been witnessed reducing their hiring plans by nearly 25 percent”
Conclusion
As we have seen in the above list, it’s a bad time for engineering graduates in India, however, one can hope that things will turn around in the coming years and the Indian IT industry will go back to doing what it does best: hiring fresh engineers and helping them make a name for themselves.
