Hunting for a job with offer letter in hand

Sarada Gangopadhyay had received an appointment letter from one of the largest business houses of the country.

Sarada Gangopadhyay had received an appointment letter from one of the largest business houses of the country. Yet she, like many others, is still looking for a job.

The global recession is not only affecting the future placements of students at various institutes, but also the career of those who have already been recruited.

Sarada was recruited by Reliance Money in December 2007.

8220;Four students of MSc Economics from the Calcutta University were selected to join the company in June 2008. I was offered the post of associate research analyst,8221; she said. However, when the students contacted the company in May, they were told that their joining date had been deferred. In August, their joining was postponed again. 8220;Till date, we have not received any communication from the company. We have been waiting for the last six months, but now I am planning to hunt for a job in Bangalore,8221; she added.

The road has not been smooth even for those who joined their respective companies. DBS Cholamandalam, Kolkata, had recruited 16 students from business schools and universities across the state.

8220;I was appointed as an equity advisor, but after my joining in June 2008, I was asked to do door-to-door sales,8221; said Rima Pathak name changed, who was recruited by the company from the Army School of Management. Within three months one-third of the joinees were asked to resign, she added.

8220;I tried to hold on till November, but the pressure from the management became unbearable after October and I had to quit in November,8221; Pathak said. According to a senior executive with Kotak Securities, the recession will invariably mean job losses, which tends to follow the 8220;last in, first out8221; principle; the ones who joined last would be the first to be sacked.

8220;You really can8217;t blame the companies. When they recruited students the picture appeared very rosy, but by the time they joined, the job scenario had changed for the worse,8221; he said.