Current Recruitment Activities in India
Placements and Recruitments are one of the biggest factors on which the people stress on before taking admission in any college of the world. The people tend to think in terms of Return on Investment (ROI) factor when considering any college for admission. This trend is very common in a number of MBA and other post graduation colleges where the fees are exceptionally higher.
Recruitment as said before plays an important role in the service industry. The companies ensure that they get the right talent at the right time and would take any number of measures to retain it. The recruitments can be either off campus or on campus. The on campus placements involve the companies visiting various colleges across the country for the recruitment. The college must have good relationships with the HR department of the company so as to ensure the continuous placements. Another means through which the recruitments are done is through the Off Campus Placements. In this the companies doesn’t visit any specific campus for recruitment but instead it makes its process of recruitment open to all initially so that everyone gets a fair chance to participate in the placement activities.
All the government departments and PSUs have the off campus mode of selection and recruitment of the candidates. This ensures that the PSUs don’t favor only those colleges which are funded by state and central governments. There are advertisements that are released inviting participants followed by a test which would screen out most of the applicants. This is followed by a round of interviews leading to the final selection of the candidates.
The Banking sector has also become much more refined and organized in which the people can apply for the vacancies. The IBPS (Indian Banking Personnel Selection) test is organized for the employment in 19 nationalized banks in the country.
Taking in view of the current economic scenario, the hiring sentiments of all the private sector companies has been low. The IT giants like Infosys and TCS announcing their weak and dismal results for the 4th and 1st quarters of 2011 and 2012 respectively, says the state of economy and tighter job conditions. Moreover, the credit rating agencies such as S&P and Moody’s have further downgraded the economy which shows the slow state of economy. The IIP figures and manufacturing output rates are also out which shows that the recession is indeed coming to India especially in Automobile, Real Estate, Banking and other core major sectors of India.