2013 Bad news for Campus Recruitment, but we are upbeat

Campus InteractionAccording to NASSCOM “The additional personnel requirement in the IT sector of the country may come down from 1.8 Lakhs to 1.3 Lakhs down by nearly 50,000 in the current fiscal as there is a large scale backlog of recruitments last year, IT-BPO industry

body”. You can read more on NASSCOM’s report on downturn in campus interview by clicking the link.

Graph chart shows campus hiring data of some top IT companies. Notice how it has shrunk over the last couple of years. Numbers for 2013 is as forecast  by these companies

 

This data has been collected from various publishers. Click “Campus Interview Statistics” blog to know the details on where we collected these statistics.

NDTV, one of the prominent and well respected news channel in India has published this report.  Some key points from the report are:

  • > Campus hiring in 2013 is likely to be lower than in 2012 just as 2012 trailed 2011 recruitment’s
  • > TCS, India’s biggest IT software services exporter, plans to hire 25,000 freshers in 2013-14 against 60,000 freshers in 2012-13. That’s a drop of nearly 60 per cent in a year’s time
  • > Cognizant’s headcount planning for 2012 was too high, according to SriramRajagopal, head of HR for Asia Pacific. This year, Cognizant does not want all offers to hit at the same time. It is shifting towards more off-campus and lateral hiring
  • > Wipro witnessed a sharp 6.5 per cent fall in attrition in the September quarter. Lower attrition and uncertainty in the market environment have further depressed the job market for new hires, BofA-ML’s report says

This depicts a rather dull and challenging 2013. Despite these dull prediction, we at Campus Interaction are upbeat about 2013-14. We are already seeing positive feedback from our clients, thanks to our excellent online portal which offers our clients online test capabilities and video profiling. Using this our clients have been able to reduce their recruitment costs significantly.

Read “Are you interested in Campus Placement”  blog to find out about how we establish College-Company collaboration.

Click here to see list of jobs currently active in our portal. Jobs are added daily. We work hard and reach over 400 companies in a day. Chances are very high for you to get placement through us!


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