techies

salary package

Bengaluru

PG facilities

hostels

Anyone who thought alltake home a handsome– it is time to debunk the myth.’s young techies are leading a pennywise life. For freshers who work in the city and stay alone, live in a tight economic situation with salary ranging only between Rs 15,000-30,000. Many struggle to keep up with the high rents, travel expenses and supporting their families.A techie who completed her engineering from a Mangaluru-based engineering college last year and is working in the city says, “As a fresher, we don’t get paid much. My salary is between Rs 15-20,000 without any additional benefits. But it also depends on individuals and their skill sets. I stay alone in the city and share a room in a PG with three girls to minimize my rent.But if my family was here , I would not be able to support them financially. I am able to bear my expenses myself without financial help from family. Rent and food expenses take up the most part of salaries of those staying alone and working in the city.” She says that after the first year, techies get a raise ranging from 2-10% depending on the company and the skills set. Abdul Aleem, techie with 4 years of experience seconds her. He says, “The salary package for a fresher depends on each company. On an average, freshers are not getting enough to sustain themselves in the city and have to lead a minimalistic life.”Owing to high rents, many fresher prefer staying inor share homes with their colleagues. Another techie who has worked for two years in a city based firm says, “I earn approximately Rs 40,000 per month and since I also have to support my family in Chennai, I share a flat with two of my colleagues. The rent of the apartment is Rs 35000, devided between three.”Techies say that the starting compensation is not always low. Various factors like types of colleges, skill sets and how big a company is influence the salaryay structure for a fresher. For tier 1 college, the pay per annum ranges from Rs 10-15 lakhs or more, for Tier 2, Rs 7-10 lakhs and for Tier 3, Rs 3-7 lakhs.Abdul Aleem explains, “Multinationals and established firms do pay good amounts. It also depends on the type of college. Candidates from Tier 1 and Tier 2 colleges get good packages and others do not. In general, average salary for a fresher ranges between Rs 15000-20000 for a small or a medium company.”A techie cum HR executive of a city based startup says, “Many factors influence the salary, like a fresher from tier 1 college who also has great skill sets, is likely to get Rs 30 lakh per annum. But there have been instances when companies like Google have hired candidates solely for their skills. If companies are hiring many freshers at once or if they are hiring on the basis of skills. In the case of the former, employees are likely to be paid lesser than the latter.”