| Fresher campus recruitment rises 32% in Q1 |
| Press Trust of India / New Delhi July 24, 2011, 15:21 IST |
Having adopted a cautious approach toward hiring during the past two years, India Inc has now begun to accelerate campus hiring, with 32% growth in fresher recruitment witnessed in the April-June quarter of 2011.
According to a study by MyHiringClub.Com, a recruitment tendering platform, recruitment of freshers through campus placement was up 32% in the first quarter of the current fiscal year vis-a-vis the year-ago period.
"The campus placement market had seen growth in terms of recruitment and salary. The recruitment of freshers has gained momentum in every sector -- IT and ITeS, banking and financial services, infrastructure had done maximum campus recruitment in current year's first quarter -- but we found salary packages offered to campus recruits have remained almost the same from last year Q1," MyHiringClub.Com Founder and CEO Rajesh Kumar said.
During the recession, companies were not recruiting freshers, so there was a deficit, especially at lower levels.
Notably, the IT and ITes sectors have put the recession behind them, with hiring in these sectors growing by 16% in the April-June period of 2011 vis-a-vis the first quarter a year ago.
The IT and ITes sectors were followed by banking, financial services and infrastructure sector, which saw 15% growth in fresher campus recruitment. In addition, campus hiring in the retail sector rose by 14%, engineering and manufacturing by 13%, FMCG and automobiles by 12% and telecom by 9%.
Some industries also witnessed a rapid rise in pay packages during the quarter. The IT and ITeS industry witnessed the maximum salary hike of 10% on average vis-a-vis the first quarter of 2010, while the banking, financial services and infrastructure sectors each witnessed 8% growth in pay packages.
Furthermore, the retail, FMCG, engineering and manufacturing sectors each saw a 6% hike in pay packages, while compensation rose by 5% and 4% in the automobile and telecom sectors, respectively.
"The survey is showing the healthy trend in fresher's recruitment, but there is major concern about salary levels. We are expecting to see growth in salary in next year's recruitment," Kumar added.
He further said that campus recruitment is a very cost-effective model for employers, because they don't have to pay any charges to recruitment consultants and they get a number of candidates at one place.
The survey was conducted between May and July this year.
