No more bulk hiring by IT companies from tier-2 & 3 colleges
May 25, 2017, 11:11 IST
The Indian IT sector is going through one of its toughest phases ever, with less appraisals and innumerable layoffs being announced by almost every major IT company.
This rough patch is also going to have its impact on the number of students hired from college campuses across the country.
The placement season is about to begin in a few months, but colleges in tier-2 and 3 cities of the country are afraid that this year, companies might not come with a purpose of bulk hiring, like always.
However, premium engineering colleges and B-schools are said to be safe from the impact of IT sector slowdown.
The fact that IT companies are also stepping up their game to hire freshers in the US is also worrying non-premium colleges in the country.
"One thing has emerged very clearly: jobs in the lower end of the value chain will not be outsourced. More skill-oriented ones will be outsourced, which in effect will mean only colleges with a better name, better teaching pedagogy and better knowledge capital can survive," Pinaki Dasgupta, dean-placement and corporate relations at International Management Institute told ET.
Placement heads across several colleges are keeping an eye on layoffs, visa issues, etc, while making sure that students are aware of the developments.
"We are encouraging more students to go for higher studies," said Susanta Pramanik, head, training and placement at NIT Durgapur.
"There are only jobs for the top-of-the-pyramid students; none for those at the bottom," said Rupamanjari Ghosh, vice chancellor, Shiv Nadar University.
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This rough patch is also going to have its impact on the number of students hired from college campuses across the country.
The placement season is about to begin in a few months, but colleges in tier-2 and 3 cities of the country are afraid that this year, companies might not come with a purpose of bulk hiring, like always.
However, premium engineering colleges and B-schools are said to be safe from the impact of IT sector slowdown.
The fact that IT companies are also stepping up their game to hire freshers in the US is also worrying non-premium colleges in the country.
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"One thing has emerged very clearly: jobs in the lower end of the value chain will not be outsourced. More skill-oriented ones will be outsourced, which in effect will mean only colleges with a better name, better teaching pedagogy and better knowledge capital can survive," Pinaki Dasgupta, dean-placement and corporate relations at International Management Institute told ET.
Placement heads across several colleges are keeping an eye on layoffs, visa issues, etc, while making sure that students are aware of the developments.
"We are encouraging more students to go for higher studies," said Susanta Pramanik, head, training and placement at NIT Durgapur.
"There are only jobs for the top-of-the-pyramid students; none for those at the bottom," said Rupamanjari Ghosh, vice chancellor, Shiv Nadar University.