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Indian cos beat MNCs in hiring spree: Indian Express
New Delhi, April 17: Recession blues for Indian companies could be a thing of the past as these companies shop for bright, young talent at the national campuses. And what`s different about this hiring spree is that Indian companies are leading the pack leaving multinationals behind in the race of recruiting fresh talents from country`s premier institutes.
New Delhi, April 17: Recession blues for Indian companies could be a thing of the past as these companies shop for bright, young talent at the national campuses. And what’s different about this hiring spree is that Indian companies are leading the pack leaving multinationals behind in the race of recruiting fresh talents from country’s premier institutes.
That there is more hiring from Indian corporates is evident from the fact that institutes like the Indian Institute of Management (IIM) Bangalore, had companies like Infosys and ICICI which emerged as the biggest recruiters this year with 16 offers each for alumni of these institues. Both these companies had picked up only 1 and 6 graduates respectively from the institute last year. Says the institute’s placement chairperson G. N. Prabhu “the number of Indian companies visiting the campus has gone up to 40 this year compared to 32 last year while 28 MNCs visited in 2003 against 30 MNCs which visited IIM-B in 2002.
More than this, the number of job offers made by Indian companies have also surged to 161 this year from 99 last year while MNCs made only 71 offers compared to 84 offers extended last year, Prabhu said.
Indian companies like Air India, ICICI Prudential Life, Pidilit and UTI Bank visited IIM-B campus for the first time to pick up professionals.
The story was not very different at IIM-Calcutta where ICICI Bank, HCL Technologies, TCS remained the largest recruiters with 22, 17 and 12 offers each respectively.
And it’s not just the private companies which are making a beeline for these campuses, large public sector companies have also entered the fray to attract the best talent on the campus. PSUs were regulars at campuses but have stayed away for last few years. Indian Oil picked up seven graduates from IIM-C while Air India, HPCL and BPCL remained other major PSUs that recruited from this campus in 2003.
Infosys led the way with eight offers in IIM-Inodre with HCL Technologies coming a close second with seven offers. At Jamshedpur located Xavier Labour Research Institute (XLRI) too, Infosys was the largest recruiter bagging seven students, closely followed by Wipro and HCL Technologies.
Says Nishchae Suri, head of measurement practices, India and South Asia in Hewitt Associates “there are definite signs of recovery in the job market. Citing other reasons, Sanjiv Sachar of Egon Zehnder International says “Indian corporate is hiring more because many of them are in restructuring mode.” Besides this, Sachar says “companies in pharmaceutical, healthcare, bio-tech are not only expanding but putting their team together to take on the competition, both domestic and global.” Companies like Air India, Ashok Leyland, Torrent and TVS Motors were new to IIM-Kozhikode while Wipro, SBI Capital Markets, Jubilant, Iffco Tokio recruited from Faculty of Management Studies (FMS-Delhi) for the first time. ICICI Prulife also recruited from IIM-Lucknow for the first time.
The CEO of placement firm ABC Consultants Tarun Bali says “recruitment market is certainly showing positive signs because business is looking up.”
That there is more hiring from Indian corporates is evident from the fact that institutes like the Indian Institute of Management (IIM) Bangalore, had companies like Infosys and ICICI which emerged as the biggest recruiters this year with 16 offers each for alumni of these institues. Both these companies had picked up only 1 and 6 graduates respectively from the institute last year. Says the institute’s placement chairperson G. N. Prabhu “the number of Indian companies visiting the campus has gone up to 40 this year compared to 32 last year while 28 MNCs visited in 2003 against 30 MNCs which visited IIM-B in 2002.
More than this, the number of job offers made by Indian companies have also surged to 161 this year from 99 last year while MNCs made only 71 offers compared to 84 offers extended last year, Prabhu said.
Indian companies like Air India, ICICI Prudential Life, Pidilit and UTI Bank visited IIM-B campus for the first time to pick up professionals.
The story was not very different at IIM-Calcutta where ICICI Bank, HCL Technologies, TCS remained the largest recruiters with 22, 17 and 12 offers each respectively.
And it’s not just the private companies which are making a beeline for these campuses, large public sector companies have also entered the fray to attract the best talent on the campus. PSUs were regulars at campuses but have stayed away for last few years. Indian Oil picked up seven graduates from IIM-C while Air India, HPCL and BPCL remained other major PSUs that recruited from this campus in 2003.
Infosys led the way with eight offers in IIM-Inodre with HCL Technologies coming a close second with seven offers. At Jamshedpur located Xavier Labour Research Institute (XLRI) too, Infosys was the largest recruiter bagging seven students, closely followed by Wipro and HCL Technologies.
Says Nishchae Suri, head of measurement practices, India and South Asia in Hewitt Associates “there are definite signs of recovery in the job market. Citing other reasons, Sanjiv Sachar of Egon Zehnder International says “Indian corporate is hiring more because many of them are in restructuring mode.” Besides this, Sachar says “companies in pharmaceutical, healthcare, bio-tech are not only expanding but putting their team together to take on the competition, both domestic and global.” Companies like Air India, Ashok Leyland, Torrent and TVS Motors were new to IIM-Kozhikode while Wipro, SBI Capital Markets, Jubilant, Iffco Tokio recruited from Faculty of Management Studies (FMS-Delhi) for the first time. ICICI Prulife also recruited from IIM-Lucknow for the first time.
The CEO of placement firm ABC Consultants Tarun Bali says “recruitment market is certainly showing positive signs because business is looking up.”