Wednesday, December 27, 2017

Tech giants offers low salaries to freshers by forming cartel, alleges TVMP

Big Indian information technology companies have formed a cartel to keep salary of entry-level engineers low, alleged IT industry veteran T V Mohandas Pai, raising a strong pitch for a better deal for freshers.

There is a cartel...there has been a cartel, there is no doubt. They (big IT companies) talk to each other, sometimes tell each other not to increase, that's been there for a long time," according to  Pai.

"I know that people (of big IT companies) used to get together and tell each other not to raise (entry-level) salary. If one took into effect inflation, the remuneration of freshers in the IT industry has in fact come down by 50 per cent in the last seven years," he said.

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