Friday, January 22, 2010

Lay off - drop in salary

The salary of all employees has been reduced due to this recession. The company is not recruiting more in last year as they are not getting projects. There are so many graduates passed out last year looking to go for higher education as there is less number of opportunities. Students who have passed out in the 2007 were getting more on and off campus programs but after a year the trend is changed. Students are looking forward to find an interview and get placed. This is the situation all over the world. Indian Institute of Technology is well known for their engineering graduates. National Institute of Technology is the next one delivering quality engineers.

The survey shows that the average salary for IIT graduates reduced by 5 % than previous year. On the other hand, the average salary for NIT graduates increased by some percentage. The survey has been taken among 111 engineering colleges and other famous institutions.

There are many reason have found the decrease in salary, the first and most important thing is that graduates are looking ahead to higher education. Some students are going for their home business, some starting new business. There are plenty of graduates with out job, so the decrease salary never matter.

1 comment:

  1. I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.