Priscilla Jebaraj and Sruthi Krishnan
Gloomy forecast for mass IT sector placements this year
“Companies have been very selective this year, going to only top campuses”
“IT is no longer the secure and lucrative option, especially for core engineering students”
CHENNAI: Anna University will hold its second State-level placement programme (SLPP) of the year next week, when Infosys recruiters head for Coimbatore. Students who apply, for a fee of Rs. 750, must be aware that at the first placement programme held at Virudhunagar last month, in which Cognizant participated, only 15 out of 950 candidates were selected.
These statistics underline the gloomy picture for mass IT sector placements this year for engineering candidates, especially those in Tier II and III cities.
Last year, almost 1,500 students were placed through the combined State-level placement programme that Anna University organises especially for the benefit of bright students in less well-known colleges or remote locations.
The previous year, 20 companies conducted 55 placement sessions, recruiting 15,000 students.
This year, at a time when IT recruiting season is usually over, the grand total is two companies in one location each.
“Last year’s dollar devaluation followed by the U.S. economic crisis in the last few weeks has led to this situation. IT companies are already delaying appointment orders for those they have placed. So, now, they want to delay fresh recruitment till the situation has stabilised,” says Anna University Vice-Chancellor P. Mannar Jawahar, adding that several companies have promised to re-examine the situation after the U.S. presidential elections. “This is a temporary phenomenon.”
IT major Wipro says they will not participate in the SLPP this year, considering their current requirements.
They added that they are “an ardent supporter of the programme” and if the situation changes, they will participate. Another IT major said it was not likely to take part in as many centres as in previous years.
“We are seeing a slump of at least 10 per cent in terms of number of companies and number of recruits per company,” says S. Mohamed Tajudeen, placement officer of Crescent Engineering College, adding that the situation is worse in Tier II and III colleges.
“Companies have been very selective this year, going to only the top campuses,” says Arun Ramaswami, placement officer at Velammal Engineering College. Industry sources confirm this trend.
Most of the mass hiring has gone to the best colleges, with 60 companies recruiting 2,500 students from College of Engineering, Guindy; Madras Institute of Technology and AC Tech, out of which Cognizant alone hired over 1,000 students.
Srinivas Kandula, HR head at iGATE Global Solutions, which will take part in the SLPP this year, agrees that quality is the key. In the current situation, IT services companies will move from the principle of maximisation to the principle of optimisation, he says.
A placement officer from a Salem college confirmed that industry expectations are higher this year. For instance, the board examination cut-off percentage has been hiked from 60 to almost 75 in some cases.
Students have also changed their expectations. IT is no longer the secure, lucrative option, especially for core engineering students.
At Velammal, all Civil Engineering students were placed in infrastructure companies. Mechanical engineering students in several colleges are willing to wait for automotive and other core companies, which have also started offering higher compensation packages.
“Students are once again considering security. Core companies offer a slow but steady job,” says Dr. Jawahar.
Source : The Hindu
Choose From Here
- ► 2009 (88)
- HAPPY DIWALI TO ALL....
- Student Jobs - RISO DTU
- Vestas Receives Turbine Orders from Spain, Turkey,...
- MAIN ATTRACTIONS OF THE EMPLOYMENT NEWS ISSUE DATE...
- Workshop on Future Energy Systems
- Plug-In Hybrid Electric Vehicles
- Technology to produce biodiesel from Algae to be d...
- Congrats to Indian Scientist /Government / all who...
- கலைஞர் பார்த்து மனம் கலங்கிய குறுவட்டு
- எதுவும் வேண்டாம்... இலங்கை தமிழர்களின் நிலை கண்ட எ...
- EVEREADY RECHARGE 2500mAh & 2700mAh
- மீண்டும் பசுமை புரட்சி [Green Revolution] -Written...
- Funny but Not For all...Slowdown: IT execs marriag...
- Birthday Greetings To Dr. APJ. Abdul Kalam
- Learn More Languages
- EMPLOYMENT NEWS ISSUE DATED 18.10.08.
- Asst Manager - Contracts - Areva - Chennai
- Speech of Sushilkumar Shinde on US-India Business ...
- Wind Engineer & Asst.Management Supervisor for pac...
- Meltdown impact: TCS to cut Q2 variable pay?
- GH provides due diligence for Doughty Hanson’s suc...
- Vestas receives order for 99MW for Spain
- Govt provides Rs 25K to financial institutions (Br...
- Great Move by TN Government - [Wish it not only fo...
- TN- CM - Mr.Karunanidhi hopes Centre will cooperat...
- For the first time ever in India – a unique two-da...
- Head EPC & Manager Design - For Auromira Energy Co...
- Oil prices fall below $78 a barrel
- Enercon India Limited - More Openings
- Bush signs India-U.S. nuclear bill into law
- Non-conventional Energy Park soon
- MCCI opposes TNEB move
- “In principle” nod for unbundling of TNEB (Into Th...
- PhD scholarship - Optical Tomography in Combustion...
- Anna University to hold its State-level placement ...
- Senior Scientist, PhD, Nini Pryds appointed Head o...
- Farmers in Sanand welcome Tata's Nano project
- LN Mittal elected Chairman of World Steel Associat...
- PM announces $20 mn for Palestine
- Oil falls below $90 as financial turmoil spreads
- 5.7 quake rattles northwestern China: Report
- IB to go hi-tech, get more manpower to fight terro...
- Indian cos may encash c-credits
- Training programme to teach German in schools
- Rapid reading: Further barriers to be overcome
- MBA agribusiness
- French scholarships for engineering students
- Open universities to offer language courses
- Reliance Industries seeks sops to sell fuel in Ind...
- Iran wants more than $100 a barrel for oil
- Dual pricing policy for diesel under study
- சே பிடலுக்கு...(Tamil Poem)
- Have U ever heard about LPG gas cylinder's expiry ...
- Wind & Site Engineer-For MNC - Required [Urgent]
- VESTAS: Graduate Program
- DONG Energy: Analyses of the temperature profile o...
- ▼ October (56)