Early placement trends from top campuses in the state indicate that the appetite to recruit large numbers remains continues. However, entry-level salaries for graduating engineers remain unchanged for the fifth year in a row at Rs 3 lakh to Rs 4 lakh.
Vellore Institute of Technology (VIT) on Thursday announced that 3,934 offers were given to its students by three companies â€” Accenture, Wipro and Cognizant. This is higher than 3,603 jobs offered last year during a three-day placement process. “The salary offered by three firms was in the range of Rs 3.5 lakh to Rs 4 lakh, which has not changed much in recent years,” said G Viswanathan, VIT chancellor. Last year, 225 recruiters visited VIT. This year, 40 to 50 have completed placements and 150 are expected over the next few weeks.
At VIT, Accenture offered to recruit 1,688 students, Wipro gave offer letters to 1,162 and Cognizant 1,084. Some students also got multiple offers; therefore the actual number of students placed will be less than number of offers.
Among departments of Anna University, Accenture recruited 204 students and offered to pay an average of Rs 3.5 lakh per annum. Infosys is visiting on September 14 (Saturday) and early indications suggest they may recruit nearly 200 from this campus at the same pay structures. Microsoft offered the highest on the Anna University campus with Rs 16.5 lakh per annum.
“I can’t say the placements are better but they are peaking. Bulk hiring no longer means numbers in thousands but hundreds,” said T Thyagarajan, director of Centre for University Industry Collaboration ( CUIC) and oversees placements at Anna University. “We have around 3,700 registered students for placements including postgraduates. Many may go for higher studies. Around 350 have been placed,” he said.
This year, campus recruitment by tech companies started in September while ‘dream’ companies came in few weeks before. At VIT, DE Shaw recruited two students while eBay offered jobs to 15 students and Flipkart gave job offers four students. All three companies offered more than Rs 11 lakh per annum. Accounting and consulting giant Deloitte, analytics firm Musigma and Schneider Electric were ‘dream’ recruiters at VIT this year.
Placements are currently on at PSG and Amrita universities in Coimbatore with Wipro, Accenture, IBM, Cognizant and Infosys sharing the first day slots at PSG. Campuses like SRM and SASTRA in Thanjavur are preparing for placements in the coming weeks, with tech titan TCS expected to recruit large numbers from both. TCS may also visit Government College of Technology in Coimbatore.
The early encouraging numbers come on the back of software industry association Nasscom’s prediction of a 17% drop in IT hiring this year. Nasscom said the slowdown as well as companies focusing on non-linear growth with increasing standardisation and automation of work were key reasons for lower staff intake by its member firms. Non-linear implies that workforce need not be increased proportionally to increase revenue.
Large recruitment numbers like at VIT might mean smaller recruitment numbers at lower tier campuses. The manpower requirement of IT firms has come down significantly and it is more efficient and cheaper for them to hire more at fewer campuses than spreading their recruitment over a large number of large and small campuses. By Ishan Srivastava, TNN
Accenture, Wipro and Cognizant Technology Solutions together issued 3,934 job offers to the students of Vellore Institute of Technology (VIT) University on Thursday. These students would finish their courses in 2014. VIT officials claim this to be the highest recruitment on a single day so far from the campus.
Of the 3,934 job offers, 1,688 came from Accenture, while Wipro offered 1,162 jobs and Cognizant 1,084. The average salary offered by them was Rs 3-3.6 lakh per annum. Last year, 3,603 offers were issued by these three companies. (Business Standard)