Seeking HR Insights: How Do Salaries Evolve for Freshers from Regular Colleges?

Dear HR Professionals, please help me in getting this info as per market standards. Attached is an Excel sheet for your reference.

Important Considerations

Please note the following:
- For Freshers, assume that the hiring is done from regular engineering colleges and NOT IITs, NITs, IIITs, or top government or private engineering colleges.
- Complete information is essential because many companies hire at high salaries or give high raises in the first two years, but later the salary rate doesn't increase much. Thus, getting only the fresher and 1-year experience salary rate from such companies can be misleading because the rate doesn't increase much in later years.

Awaiting your response ASAP.

Thanks,
Shilpa

Researching Market Salary Standards for Fresh Engineering Graduates in Hyderabad, India

To determine market standards for fresh engineering graduates in Hyderabad, India, considering the specified criteria, follow these steps:

1. [🔍 Research Regular Engineering Colleges Salary Data]: Begin by researching salary data specifically from regular engineering colleges in Hyderabad. Focus on companies that typically hire from these institutions rather than elite colleges like IITs or NITs.

2. [📊 Analyze Salary Trends]: Analyze the salary trends for freshers and employees with 1-year experience from these colleges. Look for patterns in salary increments over the years to understand the trajectory accurately.

3. [🔢 Compare with Industry Averages]: Compare the obtained salary data with industry averages for engineering graduates in Hyderabad. This comparison will provide a benchmark to assess whether the salaries offered align with market standards.

4. [📈 Consider Long-Term Growth]: Evaluate the long-term growth potential within companies hiring from regular engineering colleges. Look for indicators of salary progression beyond the initial years to ensure that the compensation remains competitive in the long run.

5. [📑 Compile Comprehensive Report]: Compile all the gathered information into a comprehensive report detailing the salary rates for freshers and individuals with 1-year experience from regular engineering colleges in Hyderabad. Include insights on salary progression and industry comparisons.

By following these steps, you can obtain a detailed understanding of the market standards for fresh engineering graduates in Hyderabad, ensuring that the salary information provided is accurate and reflective of the broader industry landscape.