Startups are using different approaches in placements drives. Some startups try to give pre-placement offers (PPOs) while others show a partnering approach to groom talented candidates by offering case study competitions, business plan competitions, and scholarships.
Placement season is receiving a mixed response and results from the recruiters all across the country. According to multiple placement reports and officials, the ongoing placement season is a mixed bag for colleges all over India. While some colleges managed 100 percent placements with unexpected results, there are a few that failed to match their last year’s annual package. Matunga’s RA Podar College’s placement cell’s spokesperson stated that 20% of the registered students got job offers in the first phase of the placements itself. The second phase of the placement will take place in the second month. One of the institute’s third-year student was offered an annual package of Rs 13 lakh. However, the highest salary offered last year in college was Rs 13.9 lakh.
According to a placement officer of SVKM’s NM College, Nainesh Koli, start-ups are hiring aggressively these days. Many college's alumni return to college to hire from the college for their own start-ups. Last year, one of the college’s student was offered a package of Rs 19.5 lakh from a Hyderabad-based consultancy firm. This year the highest package graph went down with Rs 12.5 lakh as the annual package offered. The officer further stated that the placements will go on till the month of May, and it hopes to attract more offers in the coming months.
The placement process of most colleges affiliated to the University of Mumbai started in July-August 2019 and their interview process will continue till the end of February/March 2020. Talking about how students are keen to gain work experience before applying for post-graduation, Jai hind college’s placement faculty head, Haseena Syed stated that students are constantly raising the bar for the recruiters. Due to students’ increasing interest in jobs soon after graduation, companies are finding difficulties in conducting job interviews. She also stated that this is making employers enlarge and enrich their profiles to suit the generation.
Navin Punjabi, placements director of HR College, revealed that startups these days are using different approaches to take students onboard. Some startups try to give pre-placement offers (PPOs) while others show a partnering approach to groom talented candidates by offering case study competitions, business plan competitions, and scholarships.
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