Cognizant offered ₹2.52 lakh per annum to freshers in a recent job drive, sparking a comparison about a momo stall that’s hiring a helper for ₹3 lakh per annum salary. The post shared is shared by a Bengaluru startup founder and CEO of Dazeinfo, Amit Misra.
Misra wrote on X, “Cognizant is offering Rs. 2.52 LPA for engineers! Meanwhile, a helper job at a momo shop earns Rs. 3LPA!”
Cognizant is offering Rs. 2.52 LPA for engineers!
— Amit Misra (@amit6060) August 13, 2024
Meanwhile, a helper job at a momo shop earns Rs. 3LPA! https://t.co/PBQ2rAaFAQ pic.twitter.com/0KmM8dh46d
Cognizant's recruitment drive for graduates with a three-year degree has sparked discussion about stagnant wage growth in the IT sector. Other companies like Wipro are offering similar packages, but there are concerns about the industry's reluctance to adjust entry-level salaries in line with inflation and living costs.
Social Media Reaction:
His post gained traction on social media, reflecting widespread discontent over low entry-level salaries in the IT sector, which is bad timing for Cognizant already facing backlash for low compensation to fresh engineering graduates.
Misra’s post drew sharp reactions, with many pointing out the disparity between the salary and basic living costs in cities such as Bengaluru and Pune.
One user commented, “Wow, Rs 2 lakhs per year? My driver makes way more than that, working just 4 days a week. Lol.”
Another added, “With this salary, they can’t even pay their house rent. And, (Narayana) Murthy sir says work for 70 hours per week.”
A third user replied, "One year at that salary won't hurt anyone. Hey can switch to get higher salary. The important thing is having a job in the first place. And such companies hire from tier 2 3 Colleges where most of the pass outs are unemployable."
A fourth user wrote, "The 3 LPA that helper earns is the best that he can earn in his life. The 2.52 LPA is the least a software engineer can earn. That’s the catch. Rather than crying about salary make a good use of yourself, companies will chase you with good salaries."