Netizens are criticising Cognizant's large hiring spree for recent graduates, claiming that the company is providing applicants a low compensation package. Candidates with a three-year full-time degree from any discipline were invited by Cognizant.
Tech companies in India are renowned for providing competitive salary packages. Because they place recent graduates, major IT companies like TCS, Wipro, Accenture, and Cognisant, for instance, are regarded by many as the nation's top employers.
In India, the average monthly wage for a recent graduate is Rs 17,963, according to Indeed. Some Indian cities with the highest salary for recent grads are Delhi, Mumbai, Pune, and Gurgaon. Pune comes in first place with an average monthly income of Rs. 23,000.
But the multinational behemoth in the IT sector, which has a large following in the sector, only provided an annual package worth Rs 2.52 lakh. It is believed that selected applicants would begin working for the corporation as interns, regardless of any previous work experience they may have.
Many people have expressed their opinions on the widespread hiring, mostly in response to the low salary given to recent graduates.
In light of inflation, social media users perceive this compensation package as inadequate for surviving in large cities.
Pay is one of the things that Millennials and Gen Z workers look at when choosing a job offer, according to Forbes. Opportunities for training, fulfilling job, and flexibility are further aspects, according to a report by Forbes!
Although the sector may be given a break by Cognizant's hiring strategy for recent graduates, are individuals satisfied with the compensation that an IT major is offered? Let's investigate.
On the social media site "X," a user going by the handle Amit Misra made the following humorous post: "Cognisant is giving Rs. 2.52 LPA for engineers! In the interim, an assistant position at a momo business pays Rs. 3LPA!
