With the situation unlikely to improve in the near future, institutions are now advising students to join ITeS companies. "It is better to work somewhere instead of sitting idle," said a senior representative of a business school in Chennai. His college did not see even a single company visiting the campus for placements this year.
Meanwhile, Lakshmi Narayanan, vice-chairman, Cognizant Technology Solutions, said the current trend would be temporary.
According to a senior industry representative, the slower hiring this year was a consequence of last year's experience when many IT companies, hit by the weak dollar, had to delay absorbing students whom they had selected in advance.
K Pandia Rajan, MD of Ma Foi Management, had earlier said campus recruitments by IT companies would plummet about 38 per cent this year.
Source:
Rediff
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