Francis Padamadan

“The 45-50% drop in overall active demand for talent and job openings in the sector”

“Considering that the overall growth in the tech sector could be around the 5% to 6% range, salary increments if any in the 8% to 11% range should be considered a healthy hike in general”

“The average annual salaries of freshers remained in the sub $5000 level for over a decade till early 2020”

“Since 2020, a couple of rounds of package correction by IT bellwethers have marginally moved fresher packages over the $5,000 mark”