'Rs 20k/month for freshers is overspending': Entrepreneur supports Cognizant's Rs 2.52 LPA offer, citing 'quality' of graduates
After Cognizant faced backlash for offering Rs 2.52 LPA to new graduates while its CEO earned Rs 186 crore last year, a tech entrepreneur has now weighed in, suggesting that even this salary might be excessive given the poor 'quality' of freshers.
Sharing Cognizant's hiring announcement, entrepreneur Vatsal Sanghvi commented that many freshers lack essential skills like coding, effective communication, and professional behavior.?
Check out his post here:
He also criticised the attitude of those in high positions, saying, "We as a country want free money and the ones sitting in plush offices have an opinion on everything without having an iota of an idea about the ground reality."
While some X users agreed with his views, others responded with varying perspectives, including, "It's not a fresher problem, it's your skill issue that you're unable to find good quality freshers with growth potential," to "You are talking as if they are distributing free jobs..there will be interviews and they only recruit candidates who clear them. The issue is with salary offered. This package was the same when I joined as a fresher way back in 2006. Everyone is pointing about correction w.r.t. inflation."
What is the Cognizant issue?
Cognizant's recent announcement of an off-campus hiring drive offering a salary of INR 2.52 LPA for 2024 graduates has sparked controversy.?
Critics highlighted a stark pay disparity, noting that while entry-level salaries have stagnated, CEO ?Ravi Kumar Singisetti earned INR 186 crores last year, making him the highest-paid CEO in India.?
Commentators argued that wages for new hires have remained stagnant over two decades, failing to keep pace with inflation and corporate profit increases and called for a more equitable distribution of wages and corporate responsibility.
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