College Placements and the Shift They Are Witnessing: Decoding The Hiring Trends of 2024!
“Students should continue to focus on their skills,” says Pasupathi Sankaran, COO of HirePro, while discussing ‘Hiring Trends in 2024’ on CNN-News18’s ‘The Breakfast Club’ show.
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Hiring Trends in 2024
Interim Budget | Reactions from Industry Experts
Industry leaders offer positive feedback on the Interim Budget 2024, highlighting key initiatives in healthcare, agriculture, IT, and renewable energy. Their reactions reflect optimism and support for the government’s focus on economic growth and sectoral development.
Mr. S Pasupathi, Chief Operating Officer, HirePro said that “”We commend the government’s commitment to empowering the youth of India through its focus on skill development and employability in the recent budget. The Skill India Mission’s achievement of training 14 million youth, upskilling and reskilling 5.4 million individuals, and establishing 3,000 new ITIs is a significant step towards addressing the growing demand for skilled talent both domestically and internationally. At HirePro, we recognise the importance of a skilled workforce in driving economic growth. The government’s emphasis on talent mobility aligns with the global demand for Indian talent. This presents a tremendous opportunity for collaboration, where platforms like ours can play a pivotal role in connecting skilled Indian youth with both domestic and international opportunities. Additionally, the strides made in education reform, particularly the establishment of prestigious institutions like IITs, IIITs, IIMs, AIIMS, and universities, will contribute to nurturing a pool of well-rounded and highly capable individuals. We look forward to leveraging this talent pool and contributing to the nation’s progress through innovative recruitment solutions. Overall, the budget’s focus on skilling, education, and talent mobility aligns with our mission at HirePro, and we are excited about the prospects it brings for the future of the Indian workforce.”
Post-Budget Perspectives: Voices That Define the Financial Landscape
Mr. S Pasupathi, COO, HirePro “We commend the government’s commitment to empowering the youth of India through its focus on skill development and employability in the recent budget. The Skill India Mission’s achievement of training 14 million youth, upskilling and reskilling 5.4 million individuals, and establishing 3,000 new ITIs is a significant step towards addressing the growing demand for skilled talent both domestically and internationally. At HirePro, we recognise the importance of a skilled workforce in driving economic growth. The government’s emphasis on talent mobility aligns with the global demand for Indian talent. This presents a tremendous opportunity for collaboration, where platforms like ours can play a pivotal role in connecting skilled Indian youth with both domestic and international opportunities.
Additionally, the strides made in education reform, particularly the establishment of prestigious institutions like IITs, IIITs, IIMs, AIIMS, and universities, will contribute to nurturing a pool of well-rounded and highly capable individuals. We look forward to leveraging this talent pool and contributing to the nation’s progress through innovative recruitment solutions. Overall, the budget’s focus on skilling, education, and talent mobility aligns with our mission at HirePro, and we are excited about the prospects it brings for the future of the Indian workforce.”
Has engineering lost its shine for students?
Engineering colleges are seeing a declining interest from students for a host of reasons. Slowdown in the IT sector is one of them. Find out if engineering courses have lost their charm.
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HirePro helps Delhivery set up a nationwide assessment and recruitment program spanning over 6,000 genuine candidates in 3 weeks
Delhivery, one of India’s largest fully integrated logistics providers, aims to build an operating system for commerce through a combination of world-class infrastructure, logistics operations, and technology. For this, it launched a nationwide initiative that inspires young job seekers to build careers in logistics. Under this program, candidates shortlisted from a nationwide entrance test go through a comprehensive five-week training focused on creating a ready talent pool in logistics. Find out how HirePro’s magic combination of cutting-edge technology and passionately committed people helped make this a success.
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Class of 2024: The sectors and job roles that will rule the year ahead
It is no secret that the idea of going to college for most people is to find a job. But that is a vague goal. Your aim becomes sharper only when you narrow the search by using parameters such as skill sets, requirements, remuneration and growth prospects, among others.
The first step is to look at which sector suits you the most. Let us start with technology as it has over the past few decades fuelled the dreams of millions of youngsters. This year, though, the talent demand in the sector has been muted when compared with previous years.
S Pasupathi, Chief Operating Officer, HirePro, says there might be a 20% decline in campus hiring this year compared with previous year. Companies that typically recruit a significant number of students have either stayed away from campus placements this year, have delayed their hiring plans or have retracted their confirmation of participation.
However, e-commerce companies continue to exhibit sustained demand, particularly in sales, marketing and supply chain operations. While IT, finance and startup companies are likely to make fewer offers than usual, the electric vehicle (EV) segment may offer comparatively better numbers.
IIMs struggle over summer placements, only 20% succeeds in 2 months, stipends down
Some of the premier Indian Institutes of Management (IIMs), which were used to reaching 100 percent placements in just two days, are struggling for the last two months to close summer hirings, according to a report by campus recruitment and placements platform HirePro, shared exclusively with Moneycontrol.
Only 20 percent of 21 IIMs could complete the summer placements so far, while 80 percent are continuing placements in a rolling process. The institutes are assuring students all support to get placed, said the report.
Only three of the six premier IIMs and one out of 15 new IIMs have completed summer placements. According to the report, Ahmedabad, Calcutta and Lucknow have completed 100 percent placements whereas Bangalore, Indore and Kozhikode are continuing with the process. Out of the new IIMs, only IIM Mumbai has completed the placement process.
“It is rare and historic in more than a decade that premier IIMs have struggled this long to get all students placed. In the past, where the placement process was a matter of a few days, it’s now two months since it started and is continuing and about to overlap with the upcoming lateral/ final placement of the outgoing batch which is to graduate in 2024,” the report said, based on a combination of information received from IIM students, connects, and placement reports.
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