Pune job fair offers new hope | india | Hindustan Times
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Pune job fair offers new hope

The first major job fair in Pune after the economic meltdown, organised by Shine.com, HT Media’s job portal, saw participation by 30 corporate houses across domains, with around 400 students short-listed, and around 50 of them getting on-the-spot offers.

india Updated: Jan 31, 2010 01:03 IST
HT Correspondent

The first major job fair in Pune after the economic meltdown, organised by Shine.com, HT Media’s job portal, saw participation by 30 corporate houses across domains, with around 400 students short-listed, and around 50 of them getting on-the-spot offers.

In 2008, Pune, which houses major Information Technology (IT) and Business Processing Outsourcing (BPO) firms, suffered badly due to the slowdown.

Campus placements dipped by almost 70 per cent, with many companies even holding back on job offers that they had already made to candidates in the previous year.

More than 800 students from eight colleges in Pune and Nashik participated in the two-day placement fair held on 29 and 30 January.

Most came for management jobs, with the companies who short-listed them being from domains like finance, BPO, IT and sales.

“Last year, due to the recession, we contracted all our expenditure and even called off new recruitments. But with the market now showing signs of a recovery and business expanding, we’ve decided to spread out with fresh recruitments,” said Rupendra Bodale, divisional head, Eureka Forbes.

Sanjay Chordiya, founder president and chairman of the Suryadatta Group of Institutes, said: “For the first time after the recession, our students have got a string of job opportunities.”

The economic U-turn is also throwing up more and more opportunities for the candidates, who feel they are back in a position to bargain for better salary packages.

“When we joined business school, the recession was underway and we were quite depressed. Now, campus recruitments are throwing up lots of job opportunities,” said management student Neha Sur of Bhujbal College, Knowledge City, who came from Nashik with 100 of her batch mates.

Prashant Patole, deputy general manager, Shine.com, said: “There are lots of job opportunities coming up in finance and IT, which were the worst-hit sectors during the recession. The success of the job fair has showed that the market is improving.”