Bulk hiring of engineers is back

  

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 Hiring is bulk is back on campuses with leading information technology (IT) companies Infosys, Wipro, Accenture and Cognizant recruiting in four digits and making multiple offers to one student in some cases.

In certain cases, in a bid to place more students, engineering institutes have done away with reserving Day One slot for a specific IT company and are inviting more than one company on campuses for recruitment.

In this number game, 4,000 job offers were made on the first day of the recruitment at Chennai based SRM University, of which, 3700 were from three IT majors Infosys, Wipro and Cognizant. While Cognizant handed over 1502 job offers, Infosys and Wipro issued 1105 and 1082 offers, respectively, on the first day.

The current year was better than last year in terms of placements, and around 100 companies are expected to visit the campus in engineering section alone, said S Ganapathy dean placement cell at SRM University. 

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Works Applications Company, a Japanese firm, has offered the highest salary of INR 33 lakh to a SRM University student. Last year, too the same company had offered INR 33 lakh to a student.

At another Chennai based institute – The vellore Institute of Technology (VIT) a total of 5,828 job offers were made to 4,000 plus students by four companies – Cognizant, Infosys, Wipro Technology and Accenture in a single slot of recruitment drive that started on September 1.

The institute said 3,200 students have been placed till now against 2,600 students last year. Code Nation, a Bangalore – based firm, offered the highest package of INR 24 lakh a year, while the average salary has been INR 4.5 lakh a year.

VIT’s chancellor G Vishwanathan said contrary to the National Association of Software and Services Companies (Nasscom) employability statistics, which stated that only 20 per cent of engineering graduates were employable, VIT has placed 90-95 per cent of its student every year.

Sekar Viswanathan, vice-president, VIT noted that students from B.Tech, M.Tech, M S (software engineering), MCA, MSc (computer science) and MSc (electronics) were placed as part of the recruitment drive this year.

Samuel Raj Kumar, director (placements) at VIT said in the first phase, starting from July till now, and 95 companies have visited the institute compared to 60-65 last year. While the IT services companies’ packages did not see any increase, IT product, automobile, core engineering firms offered 20 per cent higher than what they had offered last year.

VIT offered Slot-1 (Day One) to Accenture, Cognizant, Wipro and Infosys. Wipro hired 1,141 students, Accenture 1,324, Infosys 1,452 and Cognizant 1,911. The total 5,828 offers surpass last year’s total of 3,934 offers. Cognizant has surpassed its own record at VIT, beating its previous highest of 1,820 offers.

Sriram Rajagopal, vice president (human resources) at Cognizant said: “We continue to hire the best and the brightest talent globally in order to meet business demand across many of our service lines, and continue to invest in growth. Notably during the June ended quarter of 2014, we accelerated our recruitment with 7,200 net hires globally the strongest hiring we have experienced in any quarter during the past two and a half years.”

Other companies that recruited from VIT include eBay, DeShaw and Flipkart, which recruited 15 students with a salary package of around INR 15 lakh a year. Code Nation, which has offered the highest package so far, recruited one student, Deloitte (67), Schneider Electric (31) are among recruiters.