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The Economic Times
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| 27 September, 2020, 12:14 AM IST | E-Paper


    Unlock 1.0: White-collar jobs for freshers gain pace

    Companies hiring freshers include Accenture, Amazon, Wipro, Muthoot Finance, Ernst & Young Global Business Services, Tech Mahindra, Mphasis, Paytm, Reliance Industries, WNS Global, HCL Technologies, Bajaj Capital, Simplilearn, Tesco, NTT, Microland, Dell and IBM India, according to job sites—Freshersworld.com, Indeed.com, and Naukri.com.

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    • In the US, apart from engineers, TCS has also been recruiting graduates from the top 10 B-schools. It’s hiring both freshers and experienced professionals for key business roles. “Local delivery is not new to us, we just had to increase the scale,” said Lakkad. TCS has hired more than 20,000 Americans since 2014.

      The platform further revealed that companies are hiring 72% senior leaders with an experience of 8 to 15 years and only 28% of freshers and mid-level employees with an experience of 0-7 years in the month of April.

      In a survey conducted by BridgeLabz, it was found that 42% of freshers find live sessions with mentors best for on-the-spot query resolution, while 21% find offline classroom-based training to be a viable learning option, collaboratively making 63% of engineers opting for live sessions as a preferred choice.

      Edtech companies like upGrad and Great Learning are now introducing courses for students that cost as low as 10% of the original versions. Students enrol on the platforms directly or through the colleges. Catering to the limited time in hand, courses are designed such that they are shorter and more intensive, getting wrapped up in under six months.

      Recruiters flocked premier undergraduate colleges to woo fresh talent, despite a slowdown.

      The survey suggest that of the available engineering jobs, only approximately 40,000 jobs (for ~3% of ~15L engineers) provide an ideal mix of autonomy and learning potential with packages upwards of Rs 8-10 LPA for freshers. Additionally, of the 3% of graduates that land coveted high paying and high-quality jobs, the majority come from Tier 1 colleges.

      Certain new things are taking root in Covid's wake. They could soon mark a critical change of tack.

      Chief minister BS Yediyurappa urged students in a tweet on Wednesday to wear masks, maintain social distance and use sanitizers, and face the exams with confidence and without fear. Congress leader Siddaramaiah and JD(S) leader HD Kumaraswamy, both former chief ministers, also asked students to follow all safety protocols.

      Analysts said the cost optimisation plan was a routine move aimed at reducing wage costs by hiring more freshers. The company’s margins have dropped significantly under CEO Salil Parekh, as it boosted investments to drive growth. The company is, however, now looking at greater cost savings, since a major chunk of its investments has been completed.

      Most students have switched to online job portals, but 17% are taking the referral route and connecting with their college alumni, it said.

      “Beginning this fiscal, we have also increased the compensation by 15-20% for all those we take in at the management and technical cadre,” said chief human resources officer Apparao V V. The bulk of the hires will get annual salaries of Rs 3.6-3.8 lakh.

      There are currently around 12,000 active openings for permanent job roles across levels at leading edtech companies, according to an estimate put together for ET by ManpowerGroup.

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