HYDERABAD: India's big IT services companies have ganged up to keep salary of freshers low taking advantage of oversupply of software engineers at the entry level, says industry veteran T V Mohandas Pai "That's the problem with Indian IT (industry). Indian IT is not paying its freshers well. That too big services companies. Services companies talk to each other, not a good sign, they must break away from this," he said.Pai, currently Chairman of Manipal Global Education Services and Aarin Capital , said the IT companies must increase freshers' salaries, and reduce "top" people's compensation. "Because if we don't increase salaries, good people (bright talent) will not come," he said.According to him, now, majority of people who join the IT services companies come from tier-2 colleges who no doubt are "smart people.

Source: Economic Times February 21, 2017 08:45 UTC