Friday, August 15, 2008

Dissapointment For Freshers

With the campus recruitment season for 2009-2010 beginning in regional engineering colleges across the country last week, the entry-level salaries have not been increased.

Most IT companies have offered the same pay-package as last year and also reduced the intake of students. IT companies account for more than 80 per cent of the recruitment in engineering colleges.

The salary for 2008-09 graduates saw a hike of at least 10 per cent across leading IT companies when compared to that of 2007-08 graduates. This year, the salary has remained unchanged and companies do not see why they should increase their pay package.

“We do not foresee any reason for a hike as we can hire people for the same package as last year,” said a Tata Consultancy Services (TCS) spokesperson.

TCS and Cognizant Technology Solutions had increased entry-level salaries by 9 per cent last year.

“Due to the near-recession in US, margins are now under pressure and high costs are increasingly becoming a drag. Companies are trying to keep costs under control and higher salaries add to their expenses.

The colleges are not in a position to refuse any of the IT firms because it is their duty to ensure 100 per cent placements. But then, there’s not much the colleges can do as this is the case with all the companies.

IT companies have also reduced the intake of students this year and are visiting fewer colleges. The number of students hired this year saw a 20 per cent to 40 per cent dip when compared to the previous years.

Top IT firms like Wipro, CTS and Infosys are vying for the first slot on the first day of campus recruitment in all colleges. If they haven’t been given the first preference, they skip the college.

From the companies point of view, it hardly makes any difference for them as they already have so many employees that even if they dont do recruitment from one or two college, it wont affect any of their processes or profits. But from the students point of view, it definitely makes a strong impact on the future of the students, because for them TCS, INFOSYS , WIPRO , etc are the dream companies and if this dream companies skips the colleges then what is the use of students securing first class or distinction and finally landing in a BPO or a local company.

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