IT firms serious on off-campus hiring
Call 8585951111
Around 1.5 lakh students got job offers from Indian IT companies last year. But even as students pin their hopes on placements in August-September this year, IT companies are planning to go slow on campus hiring, as per news reports.
In a measured approach to hiring, Wipro has restrategised its previously decided on-campus to off-campus hiring ratio of 90:10 to make it 70:30. Campus hiring entails a waiting period of six months from the time companies make the offer to when students actually join after finishing their degree, whereas off-campus hiring gives companies the flexibility to have candidates join on board as soon as possible. The latter includes freshers who opted out of placements and some with little work experience. Off campus hiring happens through job fairs and recruitment drives.
Nasscom President Som Mittal told Economic times that off campus hiring is gaining traction especially in large IT firms cautious of taking long term business decisions. It helps them to take need based decisions. The Nasscomm predicts the growth of IT-BPO sector at 11-14% this year down from 16% last year while Infosys has been given a revised projection of 5%.
Recently, Infosys delayed the joinings of over 25,000 freshers from Aug-Sept 2011 campus placement. Similarly, iGate also delayed joining of 1,000 fresh engineers by more than a month. Read more
Tata Consultancy Services (TCS) is planning to hire 50,000 people this year and stands by its decision of campus hiring. While quality is not a constraint in off-campus hiring, but the probability of finding a suitable candidate gets lowered so companies have to look harder to spot talent. Nevertheless, HCL is willing to take the challenge and maintain 70:30 ratio of on-campus to off-campus hiring this year.
IT giants enjoy all the attention during campus placements, but now mid-tier firms are looking to grab the opportunity to discover talent through off campus recruitment. Parthasarathy NS, COO of MindTree told ET that off-campus increases the chances of finding the right talent as the renowned companies recruit 95% of the best students on the first day leaving the smaller firms with lesser choice. This decision has made them increase its off campus quota from 10% to 30%. It is expected to give this Bangalore based firm with a wider reach in tier III and IV colleges. Read more
The overall economic slowdown would have an impact on numbers during campus placements. However, hiring targets would be based on a company’s own economic health as well.
Other interesting reads:
Comments
(1)
2012-08-14 13:45:03