The prevalent practice in Indian IT Companies is to catch the campus talent early, by 6th semester. This practice was good when the job market was robust, and companies preferred fresher’s to immediately join after the completion of the course.
However, with strains showing in the IT job market, IT industry association Nasscom has asked engineering colleges and companies to schedule placement sessions in the eighth or final semester of BE/BTech course to reduce the waiting time for freshers to get the appointment letters.
Though Nasscom had come up with guidelines earlier that IT companies need to go for campus placements only in the eighth semester, several companies schedule placement sessions as early as sixth and seventh semesters to pick up the cream from different colleges. This makes freshers wait for nearly two years to get appointment letters.
Nasscom President Som Mittal responding to a query, after the Nasscom’s start-up promotion event here recently, on the problem of companies delaying the appointment letters for the freshers they had hired from the colleges said, “We have asked the companies and colleges to hold placements only in the eighth semester. We are telling companies not to hire before that,”.
As usual, there is a mix response from the industry captains. Let us wait and see, how the future holds.
The major benefit in recruitment at the eighth semester is that the time-lag between completion of the course and joining the company is less. However, on the flip side, the freshers might look for alternates instead of waiting for the final joining offer.