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IT cos put freshers on the wait-list
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IT cos put freshers on the wait-list
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[QUOTE=Admin;595]Speaking to ET, an Infosys spokesperson added: “We are not looking at staggering the campus hiring this year. All the recruits who have extended offers on campuses last year will be joining us, starting May 2008.” But students in tier-II colleges have a different story to tell. Says Anant Kumar, a student of Raj Kumar Goyal Institute of Technology, Ghaziabad: “Many IT companies have been slow in doling out offer letters, many are still to issue it.” Students who opted to work for small-sized IT companies are at a major risk. On the other hand, students waiting to pass out next year might find it difficult to get internships within this year. Satyam has outrightly denied participating in the placement process this year for the 2009 batch, according to an institute in NCR. Interestingly, the scenario is not specific to India alone. Final year students in the US and the UK are also flooding the job market with resumes. In India, the reason behind delayed job offers is because of the reduction in new business from the US and Europe due to a downturn in the economy. Industry leaders expect the slowdown to be over in 12-18 months, by which the demand for IT employees may again peak due to a sudden jump in offshoring. Nonetheless, this year, students may have to wait a bit longer before they get their first paycheck. An e-mail query to Satyam Computer did not evoke any response. Meanwhile, some institutes, which offered 100% placement guarantee, might see their record tarnished this year. And many students may opt to work for other sectors such as telecom or banking if their job offers by IT companies are delayed by as much as six months. Says Niranjan Singh, training and placement officer at Sukhmani Engineering College, Chandigarh: “Fewer IT companies have turned up this year, compared to last year. Many companies which selected the students, have sent mails to them informing they will send the offer letters soon.”[/QUOTE]
