Recession hits IIT-K,drop in campus recruitments

Recession hits IIT-K,drop in campus recruitments

The economic meltdown has hit the campus placement hard at the Indian Institute of Technology-Kanpur (IIT-K).

The economic meltdown has hit the campus placement hard at the Indian Institute of Technology-Kanpur (IIT-K). In the second phase of the campus recruitment,less than 450 students of the 998 registered have been successful in securing a job.

In the first phase,76 per cent students were placed with leading national and multi-national companies.

“This time companies are unwilling to give a long-time offer,and the number of employees being recruited by each company has gone down,” said Sanjay Govind Dhande,Director of IIT-K.

The campus placement process in IIT-K usually starts from December 1 each year and is over by mid-February,with 98 per cent of the students getting placed.


According to sources,in the wake of the global recession and the reluctance showed by the multi-national companies for fresh recruitment,the campus placement this year is likely to be extended till May.

Keeping in mind the present job market scenario,the restriction on the number of interviews to be given by each student has been removed. Earlier,the students were only permitted to appear for a maximum of three to four

interviews. But this time,the institute has put no such bar. Special arrangements have been made by the authorities to hold campus recruitment during Holi and summer vacations.

The institute had undertaken a number of steps to apprise the students of the likely problems to be faced.

“In the two sessions of Career Awareness Workshop held recently,we told the students that the interviews will be long and grilling,and also instructed them to focus only on one or two sectors,” said Bharat Lohani,chairman,Campus Placement Office. “Due to the recession there has been a change in the policies of multi-national companies,and we have to accept the harsh reality,” said Dhande.

“By October 2008,we were already aware that campus recruitment will not be that easy this time around. Hence,preparations were already made in advance,” he added.

According to Dhande,under the present scenario,the institute has already approached several Public Sector Undertakings and invited them for campus recruitment.

On the issue of pay package,he said that earlier students were only interested in getting high salaries,but after the global recession IITians have started realising the importance of job security as well.

There is,however,some reason for the IIT-K students to smile in spite of the recession spectre.

Lohani claims that no major change has been witnessed in the pay package. “A similar pay package was offered to the students in the previous years,” he added.

Few new companies like Germany-based EDS Group,Korea-based ETRI and DAR group from the Middle East have,however,expressed their desire to recruit IIT-K students.


Body of IIT-K student handed over to kin
The body of Gangapatnam Suman,who had committed suicide on Saturday morning,was handed over to his relatives on Sunday. “We have made the arrangements to send the body to Suman’s residence at Koverapalem village in district Nellore of Andhra Pradesh,” said Sanjay Govind Dhande,Director,IIT-K. According to Dhande,following the Suman’s suicide,a number of steps are being undertaken by the institute to reduce stress among the students. “We are also planning to increase the interaction level with the parents,and chalking out plans to increase extra-curricular activities.” — ENS