Tests are tougher this time...
The campus hiring has taken a hit this year to some extent. The companies have included various methods for filtering the students. I’ve noticed a new trend of Group Discussions to filter students. The tests were tougher, companies were looking for more analytical skills in the students. IT companies are still feeling the heat of recession; but at one hiring at COEP, 540 students were selected from the 668 eligible. For good colleges it was not a problem but the rest have been badly affected.
—Sandip Meshram, Training and Placement
Freshers should have will to learn and adapt..
Companies are mostly going for similar campus recruitments as they did it in 2013. From engineering perspective, the companies are not only going to focus on skills and knowledge, but also on freshers willingness to learn and adaptability. If you look at the IT scenario, technology is always changing and companies are looking for people who are fast at adapting to new changes. With the new government in power, the political scene will improve till November end. Growth will happen in the second half of the year, across the sectors.
—Bhooshan Kelkar, Consultant, Employability & Innovation
Companies gain by giving lesser pay...
This year the campus placement across engineering, technology and management colleges have been affected, just marginally. The campus placements have dropped by around 10%. We can see a big difference in salaries being offered. There is a 25% drop in salary packages companies are offering to freshers from campus. There is slowdown across industries, but the biggest factor in Pune, is the severe slowdown shown by automobile sector. We hope things, especially in the auto sector, pick up till Diwali this year. Anyway, companies are gaining with employing freshers with lesser packages.
—Vishwesh Kulkarni, President, Yashaswi Institute of Technology
Waiting for economic revival to hire...
The campus hiring scene has been bleak but this year, I see change. We hope for a good 2015 based on indicators of political stability and a positive sentiment running across the country. It is a paradox that, on one hand we have a huge number of young people looking for jobs and on the other hand there is a sizeable number of companies searching for skilled people. I have no doubt that we need greater emphasis on vocational education. Many high growth sectors have been performing well but been cautious. They are cautious as a result of pressures on their profitability, others are waiting for the economic revival to happen before committing further hires.
—Ajeenkya DY Patil, Chairman, DY Patil Group
Enormous pressure on institutes...
In the Pune - Mumbai belt there has been good amount of hiring, particularly for management and IT engineering students. In fact, there have been more companies per student this year in our institute, as compared to past years. The jobs on offer are far more specific in terms of skill sets and knowledge requirements. Companies have to act cautiously. There is an increase in the number and depth of selection rounds. This also puts enormous strain on the institute - to prepare each and every student to enhance their employability.
—Kumar Shrinivasan, Director, PICT School of Technology and Management
Freshers hired last year are still waiting...
The economic slowdown is going to impact campus recruitments in pay packages, profiles and hiring strategies. The economic slowdown and hiring freeze in many companies is taking a toll on campus placements in engineering colleges. Those aspiring to get in the IT sector are the worst affected. The joining dates for students who were hired last year have been delayed. Even mass recruiters have reduced the intake. The picture in other engineering colleges is gloomy. Students opt for more qualification improvement after graduation, instead of entering the job market.
—GV Parishwad, Director, Walchand College of Engineering
Companies have raised the bar of selection...
The global slowdown of 2008 definitely hit the job market for MBA graduates. Although the hiring in terms of numbers didn’t suffer much but the pay packages did. The average pay package which was growing by 10% every year has been flat for last 3-4 years and has gone down this year in some cases. The companies are choosy in selecting the students and have raised the bar for selection. Many good companies are asking for good academics and excellent communication skills. They are also in no mood to look at a larger group of students and ask the colleges to shortlist a few best. New sectors like e-commerce, logistics companies, Consulting firms are coming to campus in good numbers. The new Government in the Centre has definitely raised the hopes of all stakeholders and we should be able to see the good old days very soon.
Pandit Mali, Director, Indira Institute of Management