56% of companies will be hiring fewer students this year: survey
Campus recruitment at business schools and engineering colleges in city is likely to see a dip in the upcoming job placement season, according to findings of a new survey that covered all sectors.mumbai Updated: Nov 01, 2012 01:38 IST
Campus recruitment at business schools and engineering colleges in city is likely to see a dip in the upcoming job placement season, according to findings of a new survey that covered all sectors.
Conducted by online campus hiring portal Firstnaukri.com, the study found that 56% of the 125 recruiting companies surveyed online said they would hire fewer students as compared to last year.
“This is largely due to the economic situation in the market,” said Deepali Singh, business head, Firstnaukri.com. “Recru-iters are being cautious. There is a wait-and-watch sentiment.” The survey threw up other challenges companies said they face in recruiting students. While 39.2% companies said that students lacked communication and writing skills, 23.5% said students had high salary expectations. There were 19.6% companies that said students accepted the offer but did not finally join.
“The placement offers that companies made in June didn’t materalise so those are still pending,” said Joseph Devasia, managing partner, Antal Inter-national, a mid-to-senior level executive recruitment firm.
“So it doesn’t make sense for companies to make new offers… Placements could be longer drawn out on campuses this time,” he adds.