According to some industry sources, one of the top IT majored company, Cognizant is expected to raise the salary package of entry-level new joins from next year. It is said that the engineers graduating in 2020 will have an 18% higher salary package i.e. Rs 3.38 lakh per annum to Rs 4 lakh.
The placement process for the 2020 session will start soon from the month of August-September.
"In line with that, we have decided to increase the compensation of entry-level engineering graduates, as digital technologies have become an integral part of engineering curricula in progressive institutions from where we recruit talent," said the spokesperson of Cognizant.
In its March 2019 quarter results, the company said, "The timing, nature, and magnitude of these initiatives are not finalized at this time. As such, we cannot provide realignment charges on a forward-looking basis without unreasonable effort."