IT companies formed cartel to keep entry-level salary low: Former Infosys boss - News Summed Up

IT companies formed cartel to keep entry-level salary low: Former Infosys boss


They (big IT companies ) talk to each other, sometimes tell each other not to increase, that's been there for a long time," Pai told PTI. "I know that people (of big IT companies) used to get together and tell each other not to raise (entry-level) salary. "That's why attrition in the first five years is very high".Stagnant entry-level salary has led to bright minds not joining the IT industry, according to him. "They (big IT companies) can afford to pay better salary. (Not raising entry-level salary is) ethically and morally wrong," Pai said.He said biggies such as TCS and Infosys should take the lead in giving a better deal for freshers.


Source: Times of India December 27, 2017 11:45 UTC



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