Discover insights on the current scenario of fresher’s placement from Dr. Amit Gautam, Assistant Director of the Career Development Cell at Maharaja Agrasen Institute of Technology (MAIT). Gain valuable knowledge and expertise to enhance your understanding of Current Scenario of Fresher’s Placement with Dr. Amit Gautam in the higher education sector. Stay informed and make informed decisions for a successful career ahead.
Dr. Amit Gautam, Asst. Director of Career Development Cell of Maharaja Agrasen Institute of Technology (MAIT) is an experienced professional in the field of training and placements. He holds expertise in large-scale operations, strategic marketing & product development, sales, and Supply Chain Management roles. Always keen to explore new innovations and product development activities.
Amit’s primary responsibility is to bridge the gap between industry requirements and the skills possessed by MAIT students. With a proactive and result-oriented approach, Amit works closely with companies and students alike to ensure successful placements and career growth. Through his efforts, Amit contributes significantly to the overall professional development and success of MAIT students.
Sanya Wadhwa
What is your opinion on the current hiring scenario?
Dr. Amit Gautam
Since last year, corporate hiring has been suffering from a wave of recession, due to which the offer letters of our students are also revoked at various stages. For example, such things have been experienced by the students-
The company which was supposed to come for the placement drive didn’t come to conduct that.
The intake of employees was lesser than what the institute was expecting.
Constant changing and postponing of joining dates.
The intake of employees was lower than what the institute was expecting, and that too was on a lower package or offered some other profile than what was discussed.
The intake of employees was lesser than what the institute was expecting.
Increased Competition for Jobs
During a recession, the job market becomes more challenging, with more job seekers and fewer job openings. This increased competition means that candidates may need help in securing employment.
Economic Uncertainty
A looming recession can create economic uncertainty, causing companies to adopt a more cautious approach to hiring. Employers may hesitate to commit to long-term employment contracts and prioritize cost-cutting measures, such as hiring freezes or layoffs.
Shifting job Market Demands
Recessions often change the job market, as specific industries may be more affected than others. Job seekers must be adaptable and identify emerging industries or sectors with potential job opportunities.
Emphasis on Essential Skills
During a recession, employers hire candidates with crucial skills that directly contribute to the organisation’s productivity and efficiency. Candidates with a robust skill set and the ability to demonstrate value to employers may have an advantage in hiring.
Internship and Trainee Programs
Some companies may reduce their regular hiring but continue to offer internship or trainee programs. This allows them to invest in potential talent while managing costs. Encouraging students to pursue such opportunities can provide them valuable experience and job prospects.
Networking and Connections
During challenging economic times, networking and professional connections become even more critical. Encouraging students to build and leverage their networks, attend career fairs, and engage in industry-specific events can increase their chances of finding employment opportunities.
Sanya Wadhwa
What factors, according to you, affect the hiring and placement of freshers?
Dr. Amit Gautam
Students need to focus on “skill.” And “proactivity’ They should focus on having an expert area to enter the talent pool. Companies have started the hit-and-trial method to get the best and most hardworking employees for them. This ensures that the student has no casual and taken-for-granted behaviour to avoid resource and time wastage.
“The students should focus on delivering their promises rather than disregard their responsibilities and duties. Companies are focused on getting skill-oriented employees who can work in teamwork with excellent interpersonal and communication skills and are much more productive and proactive.”
They are looking for candidates who deliver more productivity and growth to the company and utilize their skills and qualities. They are focusing on ‘deliverables ‘and not on marks. It’s like a threshold and essential qualification to them. It should just match specific criteria, and they are focusing on skills and development.
Let us look at the factors that affect the placement process of freshers:
Industry-Specific Impact
Different industries are impacted differently during a recession. Some industries, such as travel, hospitality, and retail, may face more significant challenges and have a higher rate of layoffs or hiring freezes. On the other hand, industries like healthcare, technology, or renewable energy may continue to show resilience and offer better job prospects for freshers.
Company Hiring Policies
Each company adopts hiring policies during a recession. Some organizations may implement a hiring freeze, reducing the number of entry-level positions available to freshers. Others may prioritize hiring experienced professionals or focus on hiring for specific roles critical to their operations.
Reduced Recruitment Budgets
During a recession, companies may need to cut costs, including their recruitment budgets. This could result in limited resources for campus placements, job fairs, and other hiring activities. As a result, there may be a decrease in companies participating in placement drives and offering opportunities to freshers.
Increased Competition
The number of job seekers typically increases during a recession, as individuals who lost their jobs or experienced downsizing in their industries actively search for employment. This increased competition means that freshers face stricter competition from experienced candidates, making it more challenging to secure job offers.
Changing Skill Requirements
Recession can lead to a shift in skill requirements by employers. Companies may prioritise candidates with specific skills that align with their immediate needs or cost-saving measures. Freshers must know these changing demands and tailor their skill sets to enhance their employability.
Adaptability and Versatility
During a recession, employers often seek candidates who are adaptable and versatile in their skill sets. Freshers who can demonstrate their ability to learn quickly, take on multiple responsibilities, and contribute across different business areas may have an advantage in the job market.
Sanya Wadhwa
Why do the students need to get their expected packages?
Dr. Amit Gautam
The students are not getting their expected package due to the following problems being recognized in the corporate sector first is the increase in the talent pool, and the second is the decrease in average CTC (Cost to Company) and the failure of startups in silicon valley which are caused due to the sudden wave of Recession.
Some of the causes of students not getting what they are expecting are:
Market Demand and Supply
The expected salary packages of students often depend on the market demand and supply dynamics for specific roles and industries. If there is an oversupply of candidates or a lack of demand for certain positions, companies may offer lower packages due to the availability of alternative options.
Lack of industry-Specific Skills
Students may need industry-specific abilities or expertise in high demand. The gap between the skills acquired through the academic curriculum and the skills sought by employers can affect students’ competitiveness during the hiring process and impact their salary packages.
Limited work Experience
Students with limited or no prior work experience may need help negotiating higher salary packages. Employers often offer entry-level salaries based on the candidate’s experience level. Those with internships, co-op programs, or relevant work experience are more likely to secure better packages.
Geographical Factors
Salary expectations can vary depending on the geographical location of the job. Factors such as cost of living, market demand, and regional economic conditions can influence salary offers. Students with higher expectations but looking for opportunities in regions with lower average salary levels may need help to meet their desired package.
Negotiation Skills
Students may not effectively negotiate their salary packages during the job offer stage. Negotiation skills play a crucial role in securing higher packages, and a lack of negotiation experience or confidence can result in accepting offers below their expectations. Providing students with guidance and resources on salary negotiation techniques can help them advocate for better packages.
Sanya Wadhwa
Core company hiring has increased after covid; why are your opinions on the same?
Dr. Amit Gautam
We mostly talk about IT companies, but we still need to catch up on what is happening in the trends of core company hiring. Branches like mechanical, mechanical automation, EEE, EC, etc., have been a widespread focus on placement hiring drives. When the IT sector took over, there was a decrease in the hiring of the manufacturiang sector. But as India launched the Make in India initiative, it led to production link incentives that allow the manufacturing or assembling various international products in India itself.
Some of the causes of students not getting what they are expecting are:
“This trend increased the electronics market’s manufacturing sector, leading to an increase in recruitment. The semiconductor companies have also started the hiring process again, which has given rise to placement trends in the core areas. The slump during covid is now being compensated by core hiring.”
The tables have turned, and people need help to get a job in the IT sector rather than the manufacturing sector. Companies are looking for new creative minds and talent pools to add more to the company’s social and economic growth. The core hiring indicates an increase in the overall development of the Nation’s economy.
During our enlightening conversation on Current Scenario of Fresher’s Placement with Dr. Amit Gautam, he graciously shared his profound wisdom and offered valuable insights.This was all about Current Scenario of Fresher’s Placement with Dr. Amit Gautam, To gain further valuable knowledge, you can explore the Eduvoice Chronicles.
