21 August 2024: Cognizant’s recent off-campus placement drive, which offers a starting salary of ₹2.5 LPA (Lakhs Per Annum) to fresh graduates, has sparked significant online criticism. This criticism highlights concerns about stagnant entry-level wages that have remained largely unchanged since 2002.
Online Reactions and Criticism
The announcement of this placement drive has led to widespread criticism on social media. Many people are expressing dissatisfaction with the low starting salary, pointing out that it has not increased significantly over the years despite rising costs of living. This frustration is compounded by the fact that CEO compensations in the IT sector have been soaring, creating a growing disparity between top executives’ pay and that of entry-level employees.
Growing CEO Pay Disparity
Concerns about fairness in compensation have intensified as the gap between CEO salaries and employee wages widens. While CEOs in the IT sector are seeing substantial increases in their earnings, the compensation for fresh graduates remains stagnant. This growing disparity is raising questions about the equity of pay structures in the industry.
Impact of Layoffs and AI Changes
The criticism comes at a time when the IT sector is also dealing with layoffs and rapid changes driven by artificial intelligence (AI). The combination of stagnant entry-level wages and increasing CEO pay has led to a sense of discontent among job seekers and current employees alike, who are concerned about job security and fair compensation.
Social Media Reactions
Social media platforms have been abuzz with discussions about the fairness of Cognizant’s salary offer. Many users are questioning how companies can justify such low entry-level wages when there is a growing disparity between what executives earn and what new employees receive.
Cognizant’s recent off-campus recruitment drive, which offers a starting salary of ₹2.5 LPA to fresh graduates, has drawn criticism online. Critics point out that entry-level wages have remained stagnant since 2002. This criticism is intensifying as the gap between CEO salaries and employee wages continues to widen in the IT sector, with executive compensation reaching new heights. The growing disparity is raising questions about the fairness of pay, particularly in a job market dealing with layoffs and advancements in AI. Social media is abuzz with expressions of frustration from the public over these issues.
Cognizant’s off-campus placement drive, offering a ₹2.5 LPA salary to fresh graduates, has sparked online criticism, highlighting stagnant entry-level wages since 2002. This comes at a time when the disparity between CEO and employee pay is growing in the IT sector, with CEO compensations soaring. The widening gap is raising concerns about fairness in compensation, especially in a job market facing layoffs and AI-driven changes. Social media reactions reflect the growing discontent among the public.
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