Why are fresher paid less? Well, this is the question you are subjected to come across often. And is followed by another question “Don’t we have the same degree or academic knowledge?” well, you do have the same degree and the academic knowledge but, there is a BUT associated with it. Let us find more about it.
Your degree is not what they want:
The first thing that every fresher must need to understand is the fact that your degree is nothing but a piece of paper which makes you eligible for sitting in that interview room or placement drive. It only reflects your performance on those 40 to 50 answer sheets that you have written in last 3 or 4 years. It does not tell anything about your skill set and what knowledge you actually have. So, consider that degree just as an admit card or one of the eligibility criteria for your dream job.
You are yet to prove yourself:
You may have passed your degree with flying colors, you may be a tech genius, and you may have all those skills that a corporate firm requires but guys you still need to prove your worth in front of them, you still need to get that “Tested” stamp with your name. They don’t know what you are, they haven’t seen you perform in the pressure of corporate so they need time to analyze you as a professional who can add worth to their organization.
The training, salaries, facilities all have a cost:
There are certain investments that the company has to make on a fresher, and they can’t afford to increase those unless you give some value to them in return. When a company hires you they need to provide you training to get you familiar with the business, and operations they do, say the software they use for development. They need to provide you with facilities like medical insurances, HRA, and other allowances and in return, they can’t afford the risk of hiring a person who can’t add to their business. And these are some general business fundamentals that they have to follow to stay ahead in this competitive world.
Experience always has a cost:
This is a common reason that you all are aware of, experience – it comes with time. If you are experienced then companies will be more than willing to pay a handsome salary, but they shy away from investing in a raw and untested talent.
“Other than these two factors there are some harsh but true aspects of corporate that play a big role in deciding the salary of a fresher and you certainly need to understand those.”
Any company or organization that you are supposed to work with, have a common goal and that is to make profits and brand value at any cost. So, whenever they hire a person, the first thing that comes to them is whether you can add value to their organization’ goal or not. At the end if the day, its business and it revolves completely around the concept of ROI. It is profit that they want.
You need to become a talent, from whom the companies can’t look away and going for specialized technical education can be your best bet. IIHT is such an institution providing vocational training to students like you. They not only teach you a technology that you can use but they teach you an art, “the art to add value” that you can sell in the corporate world.