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The state of the job market has been worrisome for people across the country ever since companies started carrying out large scale layoffs. In 2022, Twitter (now called X) laid off thousands of employees and eventually, companies like Meta, Google, Amazon, Microsoft and so on also began handing the pink slip to employees. Thousands of people took to social media platforms to share their ordeals. While some have successfully moved on to new roles now, many are still searching for opportunities, elevating competition in the job market. However, the situation isn't so grim everywhere. <keyword id="78512" type="General" weightage="100" keywordseo="iim-calcutta" source="Orion">IIM Calcutta</keyword> students bagged offers worth nearly 2 lakh per month for their summer internship programme. Curious? Read on to know more. The 61st batch of IIM Calcutta's flagship MBA programme saw all 475 students secure internships during the recent placement season. The numbers also speak volumes: a staggering median stipend of ₹2 lakh per month, a record-breaking achievement, and an average of ₹1.89 lakh that closely follows. And it doesn’t stop there—the highest domestic offer came in at ₹3.67 lakh, while international placements soared with top offers of ₹6.75 lakh per month. For many, this success story from IIM Calcutta is a reminder that when it comes to premium talent, there’s always a demand, even when the world feels uncertain. Professor Ritu Mehta, Chairperson of Placement Activities at IIM Calcutta, said as per a report in ET, "The outcome of the <keyword id="23806452" type="General" weightage="20" keywordseo="summer-internship-offers" source="keywords">summer internship offers</keyword> has yet again demonstrated the future readiness of our students in a highly competitive landscape. Globally, there is an ongoing recalibration of managerial jobs and pullback of job postings, hence we are very grateful to our recruiters to repose their trust in our students and our academic processes." Meanwhile, IIM Calcutta said, "The cluster-cohort placement process that involved various policies such as ‘dream offer’ enabled recruiters to find a better student-recruiter fit, making the overall process a win-win for both recruiters and students." For the unversed, IIM Calcutta, established in 1961 as the first Indian Institute of Management, is one of the most prestigious business schools in India and is globally renowned for its academic excellence. Known for its rigorous MBA programme, it has built a reputation for producing leaders equipped with strong analytical and strategic thinking skills. The institute has consistently attracted top-tier recruiters across various industries, and people across the industry keep a close eye during its placement season.

₹1.89 lakh per month for summer internship! Freshers at this institute bag bumper monthly stipend

<ul><li>Amid news of sub-par <keyword id="65655" type="General" weightage="20" keywordseo="placements" source="Orion">placements</keyword> even at top-tier engineering colleges, students are worrying about their future</li><li>Experts advise preparing for the worst and acquiring additional skills through industry-certified courses </li><li>Continually update your profiles on job boards and expand your network on platforms such as LinkedIn</li></ul>Last week news began trending that claimed more than 30% of IIT Bombay students could not get placements. Later, the institution displaced these concerns and revealed that only 6.1% of eligible students are actively seeking employment. However, the fact remains that fresher <keyword id="6357342" type="General" weightage="20" keywordseo="hiring" source="Orion">hiring</keyword> this year has taken a hit across almost all colleges across the country. “Direct fresher hiring from colleges has significantly decreased, owing to the general sluggishness in the economy,” says Karthikeyan Kesavan (Director &amp; head of perm Placement) Adecco India, a workforce solutions provider. The dip in fresher hiring may seem more pronounced in the IT sector, which traditionally hires the majority of new engineering entrants to the workforce. Typically, the IT sector absorbs 20-25% of the 1.5 million engineering graduates in India annually. “Companies have had to cut back on freshers' hiring due to a weak deal pipeline, recessionary fears in the US, and the need to utilise existing resources effectively,” says Krishna Vij, Business Head, TeamLease Digital, a job portal for tech freshers. According to NLB Services, a talent solutions company, the <keyword id="6374576" type="General" weightage="100" keywordseo="it-industry" source="Orion">IT industry</keyword> has seen a dip in the <keyword id="6441485" type="General" weightage="20" keywordseo="freshers-hiring" source="Orion">freshers hiring</keyword> intent from 49% in H1 2023 to 42% in H1 2024. What should you do? Uncertain economic conditions come in cycles and if you are a fresher it is just a coincidence that you trying to find your first job in the middle of one. Nothing to do with how good your skills are. But, to navigate such challenging times better, there are things you can do that increase your chances of getting hired. Acquire relevant skills through certifications In the 21st century, having a degree may not be enough. You need skills that are relevant to the job you are applying for, and proof that you have them. In addition to your regular degree, acquire one or two skills preferably through certification. There are many industry-certified courses available both online and offline. Before you enrol on any such courses, talk to your seniors or those already in a job to find out which are the skills in demand. It is essential to stay proactive and not give up. “Developing a combination of technical competencies and soft skills is crucial, alongside participation in hackathons and collaborative projects to showcase practical abilities,” says Vij. Update your profile and network Getting a job off-campus is a time-consuming process. It involves a lot of preparation and results may not be immediate. The first step is to let potential employers know that you are available for hire. “Continually update your profiles on job boards and expand your network on platforms such as LinkedIn, particularly with regards to target companies. Increase engagement and enhance visibility within the talent acquisition community,” says Kesavan. Seek out a mentor In difficult situations, sound advice always comes in handy. “Connecting with industry peers, experts and mentors can make a huge impact on one’s professional journey,” says Sachin Alug, CEO, NLB Services. Freshers must find appropriate networks that play a vital role in their learning, scope of opportunities and creating a sustainable career. From your college professor to your neighbour to your senior, you may find a good mentor if you continuously seek genuine help. Take up a part-time job If you are not getting a job consider taking up part-time gigs which are related to your field of work. Working part-time to utilise one’s time in a productive way can be a good idea for many candidates. “This not only empowers them financially but also allows them time to prepare for their full-time professions. While aspirants may choose part-time <keyword id="11018" type="General" weightage="20" keywordseo="jobs" source="Orion">jobs</keyword> as a temporary occupation, the focus must not shift from enhancing one’s skills in the direction they want to excel in,” says Alug. Finally, it is important that one maintains a positive attitude, resilience, and adaptability throughout the job search process.

Fresher hiring sees a significant decline, particularly in IT sector! What should you do?

Last week, tech giant <keyword id="19906778" type="General" weightage="100" keywordseo="Infosys" source="keywords" meta.keywordsubtype="org" meta.entityname="Infosys" meta.hostid="153" meta.entityid="Infosys">Infosys</keyword> was making headlines for delaying onboarding of thousands of freshers for more than two years. It was reported that freshers had been awaiting onboarding since 2022 but nothing was happening on that front. The Nascent Information Technology Employees Senate (<keyword id="20033579" type="General" weightage="20" keywordseo="NITES" source="keywords" meta.keywordsubtype="org" meta.entityname="NITES" meta.hostid="153" meta.entityid="NITES">NITES</keyword>) even filed a formal complaint against the company. Now, <keyword id="21949326" type="General" weightage="20" keywordseo="Infosys-CEO" source="keywords">Infosys CEO</keyword> Salil Parekh has said that everyone with a job offer will be a part of the company even though there are “delays.” <h2>Infosys CEO reassures graduates</h2> Infosys has confirmed its commitment to honour all <keyword id="20345755" type="General" weightage="20" keywordseo="offers" source="keywords">offers</keyword> extended to fresh engineering graduates, despite ongoing delays in the onboarding process. CEO Salil Parekh recently addressed concerns that have been brewing among thousands of freshers, saying that while some joining dates have been adjusted, every candidate who received an offer will join the company. In a statement, Parekh told PTI, "Every offer that we have given, that offer will be honored, and those individuals will join Infosys. We have adjusted some dates, but beyond that, there is no change in our approach." According to a CNBC report, Parekh also said that the rising interest in Generative AI (GenAI) among clients is a positive sign for future growth. He added that while GenAI is driving significant change within the industry, it will not lead to layoffs at Infosys, a point of distinction compared to trends seen at other tech firms. <div type="Article" hostid="261" msid="112669758" title="Infosys delays onboarding of 2,000 graduates for more than 2 years, NITES files complaint" mstype="2" mssubtype="0"></div> Parekh’s reassurances come in response to growing unrest among freshers from the 2022 batch, many of whom have been waiting for nearly two years to start their careers at Infosys. <h2>What is happening with Infosys hiring?</h2> For the unversed, the Nascent Information Technology Employees Senate (NITES), a Pune-based IT employee union, recently filed a formal complaint with the Ministry of Labour and Employment, accusing Infosys of delaying the onboarding of over 2,000 engineering graduates. These graduates were selected for roles such as system engineers and digital specialist engineers during the company’s 2022-23 recruitment drive. According to NITES, the affected graduates received their offer letters as early as April 2022 but have since faced continuous delays, unpaid pre-training programs, and additional assessments that were not initially communicated. Despite fulfilling all the requirements, these professionals have been left in limbo, unable to begin their careers. SEE ALSO: <a href="https://www.businessinsider.in/careers/news/work-life-balance-is-a-myth-photo-of-man-working-in-front-of-momo-stall-goes-viral-internet-reacts/articleshow/112516510.cms" data-type="tilCustomLink" target="_blank">'Work-life balance is a myth’: Photo of man working in front of momo stall goes viral, Internet reacts</a> <a href="https://www.businessinsider.in/tech/article/arrange-or-love-marriage-debate-is-passe-people-are-now-marrying-their-ai-partners/articleshow/112522764.cms" data-type="tilCustomLink" target="_blank">Arrange or love marriage debate is passe, people are now marrying their AI partners</a>

Everyone will join, there is no change: Infosys CEO after delaying joining of 2,000 freshers for over two years

I ordered salads from Saladworks and Sweetgreen. The winner seemed to use fresher ingredients.

<ul><li>Bengaluru-based IT services company <keyword id="10862" type="General" weightage="20" keywordseo="wipro" source="Orion">Wipro</keyword> now requires some freshers to clear Project Readiness Programme (PRP) or face termination.</li><li>Wipro has reportedly asked those freshers to undergo the PRP who had agreed to accept a lower package of ₹3.5 lakh per annum compared to ₹6.5 lakh it offered earlier.</li><li>This has attracted the ire of Pune-based union Nascent Information Technology Employees Senate (NITES), whose president has called it ‘unethical, unfair and unjust’.</li><li>Business Insider India has obtained a copy of Wipro PRP that outlines the exact process freshers will have to undergo.</li></ul>Bengaluru-based IT services company Wipro now requires some freshers to clear Project Readiness Programme (PRP) or face termination, according to a document seen by Business Insider India. Wipro will apply PRP to candidates who had opted for a lower package of ₹3.5 lakh per annum, from the initially promised ₹6.5 lakh per annum. For context, Wipro in February slashed the annual compensation for freshers who had already undergone the company’s ‘Velocity’ training programme to ₹3.5 lakh from ₹6.5 lakh per annum. At the time, Wipro blamed the “changing macro environment” and “business needs”. Business Insider India has obtained a copy of the document detailing Wipro’s Project Readiness Programme, which details the contours of the programme. “Project Readiness Programme is a programme offered by Talent Transformation to all campus and off-campus hires referred as NGAs (next-generation associates). The broad objective of PRP is to equip NGA with the necessary knowledge and skills that will enable them to start working on customer projects,” the PRP document says. This has attracted the ire of Nascent Information Technology Employees Senate (NITES), a Pune-based union. “Wipro's actions towards its fresher employees are unethical, unfair and unjust. The company's misleading communication and sudden changes in policy have put the future of these employees at risk,”<a href="https://economictimes.indiatimes.com/tech/information-tech/wipro-asks-freshers-who-opted-for-lower-packages-to-clear-test-or-face-termination-union-alleges/articleshow/99611099.cms"> said</a> Harpreet Saluja, NITES president. Wipro PRP also mandates that every associate in this programme will have to obtain a score of at least 60%. Failure to do so will “lead to separation action with immediate effect”, which means that the fresher will not be given a job by the company. <cmsannotation type="cmsannotation" annotationid="Up to 8 weeks of training" comment="subhead" text="Up to 8 weeks of training">Up to 8 weeks of training</cmsannotation> Wipro PRP involves up to 8 weeks of training, depending on the skillset matching criteria. The company is calling it ‘Technology Readiness Training’ (TRT). In addition to this, all candidates are also required to work on a capstone or business-oriented project for 1-2 weeks. Once completed, candidates will have to present their projects and also answer questions orally. The training programme duration ranges from anywhere between 4 to 8 weeks, with the training done either via e-learning or an instructor. Associates are required to complete their allotted projects during this course, only after which they will be allowed to proceed for the final assessment. <cmsannotation type="cmsannotation" annotationid="Assessment test with negative marking" comment="subhead" text="Assessment test with negative marking">Assessment test with negative marking</cmsannotation> The final assessment consists of multiple-choice questions (MCQ) and logic building programme for programming languages, with both the categories carrying equal weightage. Candidates will get an hour for each category, and MCQs will attract negative marking of 0.25 per question for wrong answers. Only those candidates with a minimum score of 60% marks will be eligible for selection, and those who fail to score 60% will be terminated. All candidates will be given three attempts to clear the programme. Wipro is scheduled to announce its Q4 earnings on April 27. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/rils-q4-performance-keeps-brokerages-bullish-on-the-companys-prospects/articleshow/99725935.cms">RIL’s Q4 performance keeps brokerages bullish on the company’s prospects</a> <a href="https://www.businessinsider.in/business/corporates/news/reliance-industries-q4-net-profit-of-19299-crore-beats-analyst-expectations-driven-by-retail/articleshow/99673940.cms">RIL’s Q4 net profit of ₹19,299 crore beats analyst expectations, driven by retail</a> <a href="https://www.businessinsider.in/business/corporates/news/itc-has-had-a-dream-run-in-fy23-and-heres-why-theres-more-juice-left-in-the-stock/articleshow/99662367.cms">ITC has had a dream run in FY23 and here’s why there’s more juice left in the stock</a>

Wipro wants some freshers to clear this new programme or face termination

<ul><li>Most <keyword id="22943" type="General" weightage="20" keywordseo="employers" source="Orion">employers</keyword> (71%) consider the current white-collar job market tough for recent graduates, with limited opportunities as a major concern. </li><li>Alongside technical expertise, employers are increasingly valuing <keyword id="6463655" type="General" weightage="20" keywordseo="soft-skills" source="Orion">soft skills</keyword> like communication, critical thinking, and problem-solving. </li><li>To succeed job seekers should focus on enhancing their technical skills, embrace remote work opportunities, and commit to ongoing self-improvement. </li></ul>The period from April to June 2023 was marked by economic headwinds and mass layoffs but even then 61% employers engaged in hiring activity during that period, as revealed by Indeed, a hiring platform. The survey, conducted by Valuvox, a research and analytics company, involved 1,109 employers and 2,517 job seekers and <keyword id="6357081" type="General" weightage="20" keywordseo="employees" source="Orion">employees</keyword>. Respondents were categorised by city, organisation size (large, medium, small), and sector for analysis. <cmsannotation type="cmsannotation" annotationid="IT sector stays in demand" comment="subhead" text="IT sector stays in demand"><keyword id="46964" type="General" weightage="20" keywordseo="it-sector" source="Orion">IT sector</keyword> stays in demand</cmsannotation> The IT sector stands out as the most sought-after industry in terms of employment. It remains resilient and maintains its status as the top choice (18%) for employees in Q2 2023. This robust demand can be attributed to the sector's continuous evolution, which opens up new opportunities for skilled professionals. Following closely are production/manufacturing (17%), sales (15%), and marketing (13%) as other preferred areas of work. <cmsannotation type="cmsannotation" annotationid="Employers looking for employees with soft skills" comment="subhead" text="Employers looking for employees with soft skills">Employers looking for employees with soft skills</cmsannotation> Both employees and employers are emphasising the need for specific skill sets. Both groups have observed a growing demand for these skills. Alongside technical expertise, employers are increasingly valuing soft skills like communication, critical thinking, and problem-solving. These skills are crucial for employees to thrive in the modern dynamic and ever-changing workplace. Says Sashi Kumar, Head of Sales, Indeed India, “The IT sector remains strong, and there is a clear demand for specific skill sets. Tech and soft skills will continue to play a significant role to navigate the digital boom.” <cmsannotation type="cmsannotation" annotationid="Layoffs lead to increased competition" comment="subhead" text="Layoffs lead to increased competition">Layoffs lead to increased competition</cmsannotation> The job market has been significantly affected by layoffs, with 62% of surveyed employees reporting personal job losses or witnessing them among their colleagues. This has resulted in heightened competition for employment opportunities and increased financial uncertainty for job seekers. <cmsannotation type="cmsannotation" annotationid="Job market tough for recent graduates" comment="subhead" text="Job market tough for recent graduates">Job market tough for recent graduates</cmsannotation> Most employers (71%) consider the current white-collar job market tough for recent graduates, with limited opportunities as a major concern. Key challenges include a scarcity of job openings (41%) and changing skill requirements (11%). Nevertheless, there's a 5% rise in employers (28%) hiring recent graduates compared to the previous quarter, hinting at a potential positive trend ahead. It's worth noting that the job market landscape isn't uniform across India. Opportunities vary by region, and the specific skills in demand also differ. Major metropolitan areas like Kolkata (50%), Chennai (46%), and Delhi/NCR (45%) are facing shortages in job openings for fresh graduates. In contrast, non-metro cities and emerging tech hubs like Hyderabad (37%) and Pune (39%) are witnessing a high demand for recent graduates. <cmsannotation type="cmsannotation" annotationid="Going ahead…" comment="subhead" text="Going ahead…">Going ahead…</cmsannotation> The white-collar job market in India presents a mixed outlook for the near future. Key trends include a growing demand for tech-related skills, increased discussions about the future of work (such as hybrid models and remote vs. office work), and a strong emphasis on continuous learning. To succeed in this evolving landscape, job seekers should focus on enhancing their technical skills, embrace remote work opportunities, and commit to ongoing self-improvement.

White collar hiring strong in Q2 but freshers have a problem

<ul><li>Average salary paid to freshers is the highest in Bangalore at ₹5.06 lakh per annum and is followed by Delhi NCR at ₹4.48 lakh and Mumbai at ₹4.25 lakh. </li><li>92% freshers are required to work out of office, as demand wanes for those looking to work from home. </li><li>The top 5 industries that account for the maximum <keyword id="-780" type="General" weightage="20" keywordseo="jobs-for-freshers" source="Orion">jobs for freshers</keyword> include IT-software, software services (19% share), BPO/ITES (10% share), education (5% share), and healthcare (4% share). </li></ul>Bengaluru is not just good for its temperate climate, but it is also the best city when it comes to fresher salaries. As demand for freshers continues to be strong across cities in 2023, data shows that the garden city is the best paying at ₹5.06 lakh, followed by Delhi NCR at ₹4.48 lakh and Mumbai at ₹4.25 lakh. Bengaluru is also the top location for fresher hiring with the highest salary packages. The city’s share is the highest at 12.4% in job postings for freshers, followed by Mumbai (12.1% share). Notably, fresher hiring was highest in metropolitan cities in India – Delhi/NCR (9% share), Pune (8% share), Chennai (7% share), and Hyderabad (7% share) were among the top locations hiring freshers. Across segments, the recruitment/staffing industry (22% share) held the highest demand share for entry-level professionals. The top 5 industries that account for the maximum jobs for freshers include IT-software, software services (19% share), BPO/ITES (10% share), education (5% share), and healthcare (4% share). Recruiters in Indian IT are particularly on the hunt for tech talent adept in skills related to cloud computing, data science, artificial intelligence, and cybersecurity. However, soft skills, communication, problem-solving abilities, and critical thinking abilities are also considered important. According to talent platform foundit, demand for freshers has increased by 4% over the last six months and the highest share of job postings for freshers came from recruitment/staffing industry. Interestingly, 92% of the fresher roles posted on the platform required them to be in office. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">City </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Entry-level salary </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bangalore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹5.06 lakh </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Delhi/NCR </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4.48 lakh </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mumbai </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4.25 lakh </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kolkata </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹3.98 lakh </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Chennai </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4.43 lakh </td></tr></tbody></table> Back to the pre-Covid normal Companies have been struggling to bring back employees to offices, after allowing their workforces to work from home in the last three years. Financial services behemoths revoked policies on WFH some time last year as the regulator cracked the whip. However, other companies have found it hard to convince employees to return to work all five days of the week. While some industries continue to embrace remote and hybrid work models, there is a growing trend of more companies getting back to the office, embracing a pre-Covid normal. The remaining job postings were for hybrid (4.2% share) and work-from-home (3.8%) job roles. Companies are looking at entry level employees now more so because several options of reskilling are available today that help graduates prepare for industry jobs. India Inc’s initiatives to upskill freshers have helped improve the market for this category of talent. Speaking on the need for skilling, Sekhar Garisa, CEO, foundit said, “Improved initiatives for skill development in the educational system can close the employability gap in the Indian market. The initiatives of India Inc have also been crucial in bridging the skill gap among freshers. To provide career development support and offer skill-based certifications to entry-level professionals in India, we at foundit are launching the second edition of Aspire — our virtual career fair for freshers and young professionals from 31 May to 2 June 2023. The career fair will connect job seekers with top employers in India and bring together credentialed candidates for these employers.”

Maximum City: Highest number of entry level jobs In Bengaluru & it pays freshers more than other metros

<ul><li>A notable 51% of the active job openings are concentrated in the finance and insurance sector, followed by 13% in the transport and storage sector.</li><li>Among the registered employers, a significant majority of 68% hail from the service sector, underlining the substantial opportunities within this field.</li><li>With the upcoming festival season anticipated to generate additional demand, the growth in employment opportunities is expected to increase further. </li></ul>Jobseekers have a reason to cheer. The National Career Service (NCS) portal under the Ministry of Labour has successfully listed more than one million active <keyword id="481259" type="General" weightage="20" keywordseo="job-vacancies" source="Orion">job vacancies</keyword> on August 28, 2023. These opportunities span across both the public and private sectors, presenting significant opportunities for the youth in India to explore various job prospects. Approximately a third of these open positions are exclusively designated for freshers. This presents a significant opportunity for young individuals to seamlessly transition into the workforce upon completing their education. The job roles available are wide-ranging and include profiles such as technical support executives, sales executives, date entry operators, logistics executives, software engineers, maintenance engineers, and various others. <cmsannotation type="cmsannotation" annotationid="Job vacancies across sectors" comment="subhead" text="Job vacancies across sectors">Job vacancies across sectors</cmsannotation> The vacancies listed on the NCS platform span across a wide range of sectors, indicating a significant rise in employment prospects across various fields in the country. Among the registered employers, a significant majority of 68% hail from the service sector. The manufacturing sector closely follows with 26%, showcasing the diversity of industries utilising the platform. A notable 51% of the active job openings are concentrated in the finance and insurance sector, followed by 13% in the transport and storage sector. Other industries, including operations and support, IT and communication, and manufacturing, jointly contribute around 12% of the vacancies. These sectors have also witnessed a notable surge in vacancies during the period from June to August 2023. With the upcoming festival season anticipated to generate additional demand, the growth in employment opportunities is expected to further escalate, possibly setting a new record for active vacancies on the <keyword id="12219266" type="General" weightage="20" keywordseo="ncs-portal" source="Orion">NCS portal</keyword>. Breaking down the distribution of vacancies, it's observed that 38% of the openings are intended for candidates on a nationwide basis. In contrast, 18% are open for candidates across multiple states, and the remaining vacancies are targeted at specific states' requirements. <cmsannotation type="cmsannotation" annotationid="NCS looks to provide a suite of career related services" comment="subhead" text="NCS looks to provide a suite of career related services">NCS looks to provide a suite of career related services</cmsannotation> NCS is devoted to offering a comprehensive suite of career-related services to job seekers. These include not only job search and matching services but also career counselling, vocational guidance, and facilitating access to information about skill development courses. Simultaneously, the platform serves as an invaluable tool for employers, aiding them in pinpointing candidates with the specific skill sets required for their vacancies. As NCS continues to evolve and expand, its role in fostering meaningful connections between job seekers and employers becomes increasingly vital in the ever-changing landscape of employment and skills development. <cmsannotation type="cmsannotation" annotationid="Vacancies in Government jobs" comment="subhead" text="Vacancies in Government jobs">Vacancies in Government jobs</cmsannotation> In other news, Prime Minister Narendra Modi utilised video conferencing to personally hand out 51,000 appointment letters to newly appointed recruits in an event yesterday. This initiative was a part of the Rozgar Mela (Employment Fair) endeavour. Notably, since October of the previous year, the government has been consistently organising these fairs with the aim of addressing the existing 10 lakh (equivalent to 1 million) vacancies across various categories of government jobs. The effort aligns with the objective of filling these vacancies prior to the upcoming general election in 2024. It is to be noted that the overall unemployment rate experienced a decline, reaching 7.95% in July, as compared to 8.45% recorded in June according to data by private forecasting entity, the Centre for Monitoring Indian Economy. In the rural context, the unemployment rate also saw a decrease, dropping to 7.89% in July from the previous 8.73% in June. Conversely, the urban unemployment rate saw a slight uptick, rising to 8.06% in the same period from 7.87%.

NCS portal registers 1 million job vacancies with one in three meant for freshers

After corporate giant <keyword id="10862" type="General" weightage="80" keywordseo="wipro" source="Orion">Wipro</keyword> showed the exit door to hundreds of freshers who failed to pass the tests, it is the turn of <keyword id="6354512" type="General" weightage="100" keywordseo="infosys" source="Orion">Infosys</keyword> to sack the probationers for failing to prove their credentials in the internal assessments. Infosys is allegedly letting go of hundreds of employees, who are at the fag end of their training and failed the internal assessment tests. The new recruits will have to undergo comprehensive training before they are added into various teams for full-fledged work. Senior employees in the IT Company stated on condition of anonymity that though there is economic slowdown and recession, the companies are focusing more on quality and productivity. Therefore, average talent is not preferred under the circumstances. "The corona pandemic in the last two years has affected the education, quality of students and their skillsets. There is a clear lack regarding teaching and the honing of skills. Many graduates, who passed out in the last two years, are not in a position to prove themselves and there is extreme pressure on the trainees," they explain. Sources explained that the freshers are provided with two chances to clear their assessment. If they fail, they will not be onboarded. However, the freshers who have been sacked from Infosys maintained that members of the teams which did not get projects are being asked to go and those with projects are not touched. Tech industry insiders are of the opinion that the phase is going to last for a while and pressure on industry will be there till 2024. The freshers won't enjoy the halcyon days, when the job market was hot during the pandemic. "It is evident that the global economic crisis is real as we can see big companies such as <keyword id="6355629" type="General" weightage="50" keywordseo="google" source="Orion">Google</keyword> and Amazon laying off people. It is going to last for a while. So, I believe that the crisis will remain in the entire 2023 and even probably the first quarter of 2024. It will eventually subside and we all will come back to normalcy. However, it is going to take some time," stated Sumanth Prabhu, Co-Founder and CEO, Ulipsu. "My suggestion for people looking for jobs or the ones who are employed is that getting a job now is precious or they should hold onto the job that they currently have. It's a good thing that the employees are getting retained and valued. If they are valued, they should work hard to ensure that the value is reciprocated," he said. "Also, it is the right time for businesses to cut down costs and be frugal. The global economic crisis is something that teaches all companies that we should not hire unnecessarily and should not commit to costs that are unnecessary or irrelevant. Companies have to lay off during these kinds of crises. So, it is better to hire wisely than to hire illogically and fire people," Sumanth Prabhu explained. IT giant Wipro has laid off more than 400 fresher employees for poor performance in internal assessment tests in January. The company had issued termination letters to all the employees and stated that despite the adequate training, the candidates have failed to perform. The termination letter maintained that the employees are liable to pay Rs 75,000 of training cost which company has spent on them. But, the amount is being waived off. Commenting on the development, Wipro had clarified that, Wipro takes pride in holding itself to the highest standards. As per the standards the aim is set of all. From every entry level employee it is expected to have a certain level of proficiency in their designated area of work. The evaluation process includes to align employees with the requirements of clients and the business objectives of the organisation. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/now-find-ev-charging-stations-in-google-maps-near-you/articleshow/97759525.cms">Now find EV charging stations in Google Maps near you</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/now-find-ev-charging-stations-in-google-maps-near-you/articleshow/97759525.cms"></a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/google-unleashes-ai-powered-updates-to-revamp-user-experience-on-maps-search-and-translate/articleshow/97761551.cms">Google unleashes AI-powered updates to revamp user experience on Maps, Search and Translate</a>

After Wipro, Infosys showing exit doors to freshers in Bengaluru say sources

Up-skilling freshers in tech - A strategic approach

<ul><li><keyword id="6358815" type="General" weightage="80" keywordseo="tech" source="Orion">Tech</keyword> majors like <keyword id="12873900" type="General" weightage="20" keywordseo="wipro-tech-mahindra" source="Orion">Wipro, Tech Mahindra</keyword> and other MNCs have either put off recruitment of freshers or asked them to wait. </li><li>Experts, allaying fears of recession in US and Europe affecting IT industry in <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword>, state that the trend is not new.</li><li>The present trend could be the result of workability of pipeline projects. </li></ul> There is uneasiness among a major section of students whose onboarding process has been delayed by major tech companies. Tech majors like <keyword id="10862" type="General" weightage="80" keywordseo="wipro" source="Orion">Wipro</keyword>, Tech Mahindra and other MNCs have either put off recruitment of freshers or asked them to wait until they are intimated. The freshers awaiting onboarding in Wipro have launched a full fledged campaign on social media, questioning Wipro Chairman Rishad Premji's integrity and commitment as he spoke strongly about ethics in connection with moonlighting. "The career of thousands of students like me is at stake. We cleared the Wipro exam in 2021. We rejected offers from other companies. But, it's been one year and we are still not onboarded. Wipro is either delaying or rejecting without any clarification," fresher Nithin said. Another fresher <keyword id="15167860" type="General" weightage="50" keywordseo="rushikesh-rupnar" source="Orion">Rushikesh Rupnar</keyword> stated that "it's been 9 months since I received my offer letter. There is no update regarding onboarding since then. Are we a joke to them? So many students out there are waiting to join". The <keyword id="15167857" type="General" weightage="50" keywordseo="nascent-information-technology-employees" source="Orion">Nascent Information Technology Employees</keyword> Senate (<keyword id="12917180" type="General" weightage="50" keywordseo="nites" source="Orion">NITES</keyword>), an NGO working for the welfare of IT employees, stated that the trend is not confined to Wipro. "After Wipro, we have received complaints from employees of various IT companies regarding delay in onboarding. Unfortunately the CEOs bragging about work ethics and transparency are left with no humanity." "If the workers are organised, all they have to do is to put their hands in their pockets and they have got the capitalist class whipped," NITES asserted. IT firms should be held accountable for endangering the professional futures of the employees and trainees. Companies play a good game about their beliefs and ethics on the surface, but in reality, It's just crony capitalism, one of the IT job aspirants alleged. The students who have formed a group online with the "Wipro onboard us" title, stated "please update on our career, group respected <keyword id="15167858" type="General" weightage="50" keywordseo="rishadpremji" source="Orion">RishadPremji</keyword> sir please update about the onboarding of freshers, why this ego system on freshers." "I hope u r reading this reply and you got to help us soon. Wishing good health and happiness to the people who re supporting us in struggle of Wipro on-board." "Please update on our career group submitted respected RishadPremji sir we don't know how the moonlighting effected your company, but your hiring process and holding freshers on-boarding effecting the lives of 20k+ freshers. Is our lives not valuable?" NITES had also filed a complaint with <keyword id="9286293" type="General" weightage="50" keywordseo="union-ministry-of-labor-and-employment" source="Orion">Union Ministry of Labor and Employment</keyword> urging to initiate action against the Wipro for delaying onboarding of more than 2,000 students. Wipro has stated that it will honour all offer letters. However, experts, allaying fears of recession in US and Europe affecting IT industry in India, state that the trend is not new. They say since China is being hit post Corona period, India could be more resilient. The present trend could be the result of workability of pipeline projects. If pipeline projects are getting affected for various reasons, the companies will strategise their moves by holding new recruitments or withdrawing offers. "This trend is an old one and the situation is projected like it is the end of IT industry which is wrong. The focus is on adopting to new technology, which is being focussed by all major tech companies. They are doing best prepare work force for new challenges," an expert said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/musk-again-offers-to-buy-twitter-for-54-20-a-share-report/articleshow/94655083.cms">Musk again offers to buy Twitter for $54.20 a share: Report</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/competition-commission-gives-conditional-approval-to-sony-zee-merger-deal/articleshow/94654411.cms">Competition Commission gives conditional approval to Sony-Zee merger deal</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/upi-is-indias-favourite-payment-mode-with-transactions-worth-30-4-trillion-in-april-june-says-report/articleshow/94642629.cms">UPI is India’s favourite payment mode with transactions worth ₹30.4 trillion in April-June, says report</a>

You Searched For "fresher" and got 11 results

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NCS portal registers 1 million job vacancies with one in three meant for freshers

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