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IT Industry sector decided to increase entry-level pay

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  • According to various engineering institutes from Tamil Nadu, the annual salaries for students during the coming placement season will see a rise of at least 5 to 10 per cent.
  • TCS and Cognizant have already increased salaries and other IT companies are expected to follow.
  • The factors identified for this rise are the increase in cost of living, peer pressure in the IT sector, and new-age companies offering better packages

Source:BS

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