Despite global economic uncertainties and rupee volatility, India's IT companies including Infosys and Wipro are reportedly planning to change their hiring strategy. If reports are to be believed, IT companies, which hired approximately 1.5 lakh students from campuses last year, are planning to hire much less during the current placement season.
It is worth noticing, companies have to make offers and wait for at least six months till the student finishes his degree in campus hiring. However, a company can hire off-campus candidates when there is demand for more hands.
In addition, off-campus recruitments include freshers who and some with very little work-experience. They are picked by companies through hiring drives and job fairs.
According to latest chunk of information, country's third-largest software exporter Wipro is planning to the ratio of on-campus and off-campus hiring at 70:30. However, Wipro was planning for 90:10 ratio in the beginning of the year.
Reliable insiders informed, IT biggies including Infosys and iGate could delay the joining dates of numerous freshers it had hired from campuses in the 2011 placement season.
Som Mittal, President, NASCOMM has shared his views in an interview that off-campus hiring is gaining traction, especially among large IT firms that are cautious and are not able to take long-term business decisions. It helps them to take hiring decisions based on their needs.
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