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.

There is reason for freshers and for us as well to cheer! This is because IT giant Wipro has decided to hire 14000 freshers for FY08 which is twice the number that it hired in the previous financial year!

Wipro hired 7100 freshers in the previous financial year and this sudden rise is beacuse of the followiung realization by wipro.

“This is to meet the growth needs, and secondly, we have decided that the proportion of rookies versus laterals should be more towards the former. This gives us a lot of operational advantages as people who go through training after college are more productive,’’ Wipro HR executive vice-president Pratik Kumar told ET.

This news is great for freshers especially as i have noticed that there are soo many IT freshers that are looking for jobs. When a company like wipro says that it thinks hiring freshers is better it makes us feel good and also encourages us to do better than we are doing at Jobs4Freshers.