Tata Consultancy Services has offered to double the pay for freshers with new-age skills than it normally pays those coming out of campuses. The firm had earlier announced that it will be conducting a new online test known as National Qualifier Test (NQT) to hire engineers, quitting the usual way of campus placements.
The entry-level salary of Indian engineers in the IT industry has been stuck at about Rs 3.5 lakh per annum for the past decade, TCS is offering those with digital skills a starting salary of about Rs 6.5 lakh.
“People who have done well in the NQT will get a chance to write another test for the digital talent pool, and if they clear and go through the interview, then they will get into the digital pool and their compensation will be differentiated,” Ajoy Mukherjee, executive VP and head of global human resources, told TOI.
The test involves programming with a higher degree of difficulty compared to the NQT. The test is longer and requires good coding skills.
This new move by TCS shows the lengths that companies are ready to go to acquire the demanding talents. People with adequate skills in Machine learning, Artificial Intelligence (AI) and Data Analysis are getting better appraisals across various levels. Companies like TCS, Cognizant often spend a significant amount of time on training employees to acquire these skills.
Mukherjee would not comment on the number of people who would be hired this year as part of the digital pool, saying that the process is still on, but added that the numbers would be nearly the same or higher compared to the 1,000 it did in the last academic year. Apart from this process, TCS also does select hiring from the IITs and NITs, where it offers compensation packages that are even higher.