Industry bodyNasscom and major Indian IT companies have agreed to spread out theircampus hiring over seventh and eighth semesters this year.
The move is in view of the significantly higher projected demand for talent and also to overcome the "operational difficulty" in covering hundreds of campuses in a span of two to three months. Till now companies used to go to campuses only in the eighth semester.
"The industry's requirements are high and at the same time increasing dramatically. The projected requirement for next year is significantly higher than this year," said Som Mittal, president of Nasscom.
"Based on their experience, companies found that their logistic costs were shooting up since they were trying to cover ahuge number of campuses in aperiod of a few months in the eight semester period. It is an operational difficulty." Many big IndianIT firms recruit from hundreds of campuses.
This is a step back from the original agreement between the various member companies of Nasscom who had decided last year that they will only be hiring only in the middle or towards the end of eighth semester. The reasoning behind that was that it ensured the continuity of education and companies dealt with students who had properly finished their studies.
It also addressed the problem of students ignoring studies in seventh and eighth semesters after getting the offer letter. Core engineering courses are still present in seventh semester whereas eighth is generally meant for research project.
"This time hiring will begin early, somewhere in October," said Mittal. "This is the outcome of our internal discussions. Details are to be still worked out." October falls in the middle of seventh semester.
It's not only the total hiring numbers that are likely to see an increase but also the proportion of freshers hired. "The percentage of freshers recruited from campus will definitely increase. I think all companies agree on this trend," said Mittal.
This step of hiring in seventh semester this time is mainly to accommodate the current contingencies. "This is a temporary solution keeping in mind the increased demand and logistical problems. Also final year projects and internships were causing problems for some students. But I want to categorically state that there is no going back to old ways of hiring very early," said Mittal.
The move is in view of the significantly higher projected demand for talent and also to overcome the "operational difficulty" in covering hundreds of campuses in a span of two to three months. Till now companies used to go to campuses only in the eighth semester.
"The industry's requirements are high and at the same time increasing dramatically. The projected requirement for next year is significantly higher than this year," said Som Mittal, president of Nasscom.
"Based on their experience, companies found that their logistic costs were shooting up since they were trying to cover ahuge number of campuses in aperiod of a few months in the eight semester period. It is an operational difficulty." Many big IndianIT firms recruit from hundreds of campuses.
This is a step back from the original agreement between the various member companies of Nasscom who had decided last year that they will only be hiring only in the middle or towards the end of eighth semester. The reasoning behind that was that it ensured the continuity of education and companies dealt with students who had properly finished their studies.
It also addressed the problem of students ignoring studies in seventh and eighth semesters after getting the offer letter. Core engineering courses are still present in seventh semester whereas eighth is generally meant for research project.
"This time hiring will begin early, somewhere in October," said Mittal. "This is the outcome of our internal discussions. Details are to be still worked out." October falls in the middle of seventh semester.
It's not only the total hiring numbers that are likely to see an increase but also the proportion of freshers hired. "The percentage of freshers recruited from campus will definitely increase. I think all companies agree on this trend," said Mittal.
This step of hiring in seventh semester this time is mainly to accommodate the current contingencies. "This is a temporary solution keeping in mind the increased demand and logistical problems. Also final year projects and internships were causing problems for some students. But I want to categorically state that there is no going back to old ways of hiring very early," said Mittal.
source: economictimes
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