The pay of senior executives at India’s top IT companies has increased by more than 160% in the last five years, while entry-level workers have witnessed only modest growth of less than 4%.
The CEO-to-fresher pay ratio in the IT sector is extremely high, with Wipro leading at 1,702:1.
Low pay for freshers is justified by companies due to the pyramid model and high attrition rates.
Experts recommend revisiting fresher pay, reducing CEO pay ratios, improving the quality of engineering graduates, and focusing on employee retention for a more equitable IT sector.