IT companies have started hiking freshers salaries. According to this article salaries for fresh engineering graduates is steadily breaching the 3 lakh per annum mark.

There is also a lot of action being seen in the campus placement for freshers across universities. Companies typically are starting their campus recruitment plans 12-15 months in advance with the process peaking during the august and september months for next year passouts.

It is being said that big companies like Infosys and Cognizant have also revised the compensation package for freshers. Also besides the salaries the number of hires are also increasing. The top 5 it services companies are expected to hire 1 lakh recruits this year out of which 60-65% would be freshers.