Infy's Mohandas Pai Says Don't Expect Huge Wage Hike
INFI's Mohandas Pai has said that the good old days of wage increase are over and IT engineers shouldn't expect huge salary raises this year. The reason is that market has become too competitive and there's increasing unemployment in the US and UK.
Indian IT industry being mostly services oriented, depends largly on the markets in the US and UK. He said that the wage increase would be a single digit number on the higher side (7-9 percent?)
Mohandas Pai said that he expects fair stabilization in fresh engineering graduate salary over the next four years as the supply is growing at a faster rate than the demand.
Source: #-Link-Snipped-#
Thanks to mushrooming Indian engineering colleges that produce engineers in bulk. I think ultimately, the industry will suffer. What's your take?
