Community
IT companies which are in the recovery mode after they were hit by the recession, are looking forward to step in to the mid tier colleges, besides premier colleges, for hiring and the students in these colleges must be quite happy to know that the list includes top companies like TCS, Wipro, Infosys, HP, Cisco, Sapient, IBM and Convergys.
BMS College of Engineering has already placed 100 out of their 800 students who will pass out in January 2010. The placement officer of the college is quite happy to share that these students were offered salaries ranging between Rs.3 lakh and Rs.4.5 lakh per annum. Another college, HKBK College of Engineering is expecting Infosys, Wipro, and a good number of companies to hire from its batch of 380 students. RV College of Engineering’s director for placement NS Narahari says that they have sent invitations to 100 companies. Firms like HP and Informatica have already visited the campus, while Wipro and Infosys have promised to visit them in January 2010.
“Engineering Students who could not manage a job have already started their plans to study abroad”, says placement officer of another engineering college.
If you are an automobile engineer looking for a good career, you have a reason to smile as the automobile engineers in India are back in demand. Automobile sector which was severely hit by the economic recession is gradually picking up. As the Indian automotive sector is foreseeing a growth momentum, companies like Maruti Suzuki, Hyundai Motors, Ford India and Bosch are returning to the hiring mode.
World Class car manufacturers entry into India, existing companies plans to grab majority market share are foreseen as the major reasons that will provide the impetus for a rapid recovery. Maruti Suzuki, India is planning to increase the number of R&D engineers from 770 to 1000 and the good news is that the increase will comprise of experienced engineers and fresh graduates.
While Hyundai is planning to hire at least 500 engineers in the next 6 months, companies like Bosch and Ford are planning to hire in large numbers.
Over the next two years, with one third of the work-force of about 8,50,000 set to retire from the state-controlled banks, a very high number of jobs will be created in the Indian Banking sector.
With number of foreign MNCs entering India over the past decade, leading Indian Banks like State Bank of India, Bank of Baroda and Punjab National Bank have lost their charm as an employer. But, Indian Banks are bouncing back on a very high note with stronger balance sheets at a time when bankers care more about job security after the financial meltdown in the West.
In the next year to come, India’s top bank SBI is planning to hire more than 10,000 people while Corporation Bank plans to hire about 1,400 people. In addition to this mid-sized banks are also planning to hire more people in the next couple of years.
Retirement of a very large number of employees and public sector banks expansion drive are the major reasons, as per JM Garg, chairman, Corporation Bank, to hire huge number of people in the next two years to come.
After a year-long tense times that saw billion-dollar names shying away from campuses in the wake of the global financial slowdown, the Indian Institutes of Management are waking up to a buzzing summer internship season, a pointer to a packed final placement list.
Goldman Sachs, the investment bank that just emerged a tad stronger from the slowdown, is back at IIM campuses with a bigger number of offers, and so are the traditional Slot Zero names-the B-school jargon for the most coveted-like McKinsey & Co, Morgan Stanley, JPMorgan, UBS and Boston Consulting Group.
The summer placement season-set to begin early November-often mirrors the final placement lineup as companies tend to make job offers depending on the candidates’ performance during the two-month internship. IIM-Bangalore , for instance, has scored a 100% conversion rate for the current batch in consultancy summer jobs.
“Companies are bullish this year,” says IIM-Calcutta’s Prafulla Agnihotri, who is the chairperson for career development and placements.
Around 100-odd companies have confirmed their participation across the seven IIM campuses for picking up summer internees , and the list includes top Indian names such as Hindustan Unilever (HUL) and Procter & Gamble (P&G ). The return of i-banks to the campuses is significant since they traditionally opt to select from their internees instead of scouting the campuses with final recruitment offers.
“Non-performance was the reason for these separations. However, we are open to rehire some of these people who were fired by us a year ago, if they come back to us with additional skill sets. A one-year window would have been enough for them to acquire some additional skills,” said Joseph John, vice-president (HR) in Wipro Infotech, the business that looks at the India and Middle-East markets. If you are a pink slip recipient from Wipro, this is definitely a piece of good news. Wipro plans to rehire some of the employees it fired a year
The tech major’s involuntary attrition rate has gone up by 2 percentage points in the last 16 months. Wipro Infotech said it would also resume campus hiring from January. “We are looking at hiring over 1,000 laterals during the fiscal and 1,000 freshers from campuses in January,” said John.
The division, which recruited 1,000 people in the first six months of the fiscal, expects hiring numbers in the second half of the year to be more than double of that.
The additional people requirement comes with Wipro winning a slew of large projects in India and the Middle-East, and also to cater to the growing requirements of existing accounts. The company hired 200 people in Saudi Arabia and Egypt recently.
Global technology and consultancy giant Accenture on Monday said it is going to hire around 8,000 people in India by the end of next year taking its total employee base in the country to 50,000.
“We are 42,000 right now and we imagine we will be about 50,000 by the end of 2010,” Accenture Chairman and Chief Executive Officer William D Green told PTI on the sidelines of the India Economic Summit. Indicating a recovery from the global downturn, Green said the company will continue to focus in India, especially in the areas of analytics.
Accenture’s focus in India is going to be the analytics space, which will help the clients convert information into insights for better yields. Green added, “We believe that analytics is going to be an important trend that our customers are going to demand from us. We think India is going to be a great place for us. we have some core centres of excellence in the analytics space in the country.”
Indian IT firms reject 90 percent of college graduates and 75 percent of engineers who apply for jobs because they are not good enough to be trained, according to Nasscom.
Last year Infosys hired 28,231 people, including 18,000 graduates paid Rs.3 lakh a year. This year they will hire 20,000 at Rs 3.25 lakh. Infosys is hiring though there isn’t enough business. Currently, 30,000 people at Infosys are ‘benched’. Why are they still hiring and raising salaries? Because they cannot find competent people and due to this reason, this year Infosys increased its training of employees to 29 weeks. That’s seven months of training.
Infosys spends twice as much as its American competitors on training, four percent of revenue. Nine half-literates are produced by our colleges, by Nasscom’s numbers, for every graduate of passable quality. What is Nasscom’s solution to this? It wants government to boost college enrolment from 10 percent of those in secondary school, to 25 percent. Nasscom knows that this will only increase the number of job applicants, not the quality, but there’s no other solution.
As the clouds of Economic recession, which had hit campus placements a year ago, are gradually fading away the placements at various institutes in the country are picking up. Premier engineering institutes like BITS and MNIT have confirmed to have received better response from the major hiring firms as compared to the previous year.
“There is a noticeable improvement in the recruitment in BITS’ Pilani campus as compared to the previous year. Intake of students per company is certainly more this year,” said Prof Das Gupta, who looks after the placements at BITS. Alok Ranjan, placement officer of MNIT, said, “This year core companies have showed interest in hiring students. Till date, 65 students have got placed in major companies against 400 qualified students.”
Access All Latest News In 1 Click!
 CAT News! |
 GMAT News! |
 GRE News! |
 sAT News! |
 Study USA News! |
 Study UK News! |
 Study Canada News! |
 IIT JEE News! |
