Due to Covid 19, earlier companies delayed the onboarding for the freshers. Post this the freshers did face the issue of salaries.
Recently, a final-year B.Tech student from NIT Jalandhar took to X (formally Twitter) on the relatively low salaries for fresh graduates and demanding work conditions.
He shared a screenshot highlighting the terms and conditions of Tech Mahindra. The Post highlights the following terms and conditions for the position:
- The company’s shift times include working 24×7.
- An indemnity bond for Rs 1 lakh which includes a mandatory two-year service period from their date of joining.
- A three-month probation period.
The post said, “Tech Mahindra came to our campus for SWE role CTC: 3.25 lpa 24×7 working hour 2 yrs bond Hire hi kyun kar rahe hain”
Tech Mahindra came to our campus for SWE role
— Niku Singh (@Niku_Singh_) September 11, 2023
CTC: 3.25 lpa
24×7 working hour
2 yrs bond
Hire hi kyun kar rahe hain🥲@anandmahindra pic.twitter.com/8ZpcIjPC2p
**The details mentioned in the post for the organization (Tech Mahindra) have been verified by Sightsin Plus.
Earlier, Wipro reduced the employee’s salary by 50 percent from Rs 6.5 lakh to Rs 3.5 lakh per annum, more than 90% of the freshers have accepted lower salary options.
Jatin Dalal, chief financial officer at Wipro said, “The next-gen associates were given both the options and 92% of the campus hires chose to join Wipro at the original offer.”
Wipro has reduced the employee’s salary by 50 percent from Rs 6.5 lakh to Rs 3.5 lakh per annum. The company provided training to fresher employees. This allows the Elite fresher candidate to upgrade to the ‘Turbo’ category. This also upgrades the salary package of employees.
Now, As per the email the company said in an email to candidates, “Like others in our industry, we continue to assess global economies and customer needs, which factor in our hiring plans. Currently, we have project engineers’ roles available for recruitment with an annual compensation of Rs 3.5 lakh.”
Earlier, CHRO Saurabh Govil said in an interview with Moneycontrol, “We hired people from campuses at Rs 3.5 lakh, with everyone hired at the same salary. Then, as a company, we said that we would invest in these people. At our cost, we trained them to become full-stack engineers.”
“We had said that they will be onboarded at a higher salary of Rs 6.5 lakh after they completed the training and cleared the assessment”, he added.
He further added, “We onboarded the first batch of Velocity candidates, and then we realized that we didn’t have a requirement at that point in time for such resources. However, we were onboarding people at the lower band. So we gave them a choice, in all transparency.”
“Their old option was still valid, and they could wait to be onboarded. Or, there was another option: they could join at the lower band”, he added.
