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India underneath lockdown: Job affords in hand, IIM & IIT grads stare at hazy future

KOLKATA |NEW DELHI: Weeks, and in some circumstances months, after touchdown profitable affords on campus, college students of the elite Indian Institutes of Technology and Indian Institutes of Management are abruptly taking a look at an unsure future forward. Institutes say whereas most firms until now have assured them about honouring job commitments and are taking a look at choices like digital onboarding and even transferring overseas jobs to Indian areas quickly, issues could take a extra severe flip ought to the lockdown get prolonged.

Placement cells throughout high IITs and IIMs that ET spoke to stated they’re apprehensive that fallout might embrace postponement of becoming a member of dates, reduce in salaries or within the worst-case state of affairs, even job affords being revoked. So far although, placement sources say, solely Gartner, an US-headquartered analysis and advisory agency has revoked affords, however institutes are engaged on back-up plans.

Gartner didn’t reply to e-mail queries despatched by ET.

IIMs at Bangalore, Kozhikode, Ahmedabad and Indore amongst others stated most firms thus far have reassured them that gives can be honoured. “Even some companies with data privacy issues have agreed to get laptops couriered across; that will be done once the lockdown is lifted. We have even had a few big consulting firms offer to help students who might find themselves at a loose end,” says U Dinesh Kumar, chair, profession growth providers, IIM Bangalore.

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Some firms have stated they are going to check out do business from home; some within the BFSI house have moved their positions again to India quickly. Many try to onboard new hires nearly.

“We also understand the plight of companies considering the uncertainty now… there could be some delays too,” stated a placement official at IIM Indore.

At some IIMs that ET spoke to, some college students expect extra firms, aside from Gartner, to revoke affords.

“Many companies have communicated that they will honour the offers but have asked for some time,” stated Amit Karna,chair of placements committee at IIM Ahmedabad. IIM Kozhikode director Debashis Chatterjee says he doesn’t anticipate to see a drastic shift in placements which have already occurred. “Some offers may be deferred. But the planning for upcoming placements will be very different as jobs will shrink,” he stated.

While IIM Kozhikode, amongst others is in a number of state of affairs planning mode, IITs too are contemplating particular placement drives in July/August for college students who could have their affords revoked. IIT Delhi director V Ramgopal Rao just lately shared a put up on LinkedIn requesting corporates to be thoughtful whereas pondering of withdrawing job affords already made.

IIT Madras is making an attempt to put college students whose affords have been revoked by one firm in different corporations, stated an institute placement supply. Another outdated IIT confirmed that it might be reaching out to alumni and corporations from lessaffected sectors to put college students who could also be left with out a job.

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