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This video talks about recession and layoffs, when layoffs will end, job market in 2024, when calls will start
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🟢Talent Gap and Upskilling: Bridging the Divide
The industry faces a glaring talent gap of approximately 1 million skilled professionals. However, this presents a golden opportunity for job seekers to bridge this gap by acquiring in-demand skills.
To make up for the global hiring slowdown, these institutes have also considered potential new startups for early slots, says Rajib Maity, Chairperson of the Career Development Centre at IIT-Kharagpur. However, not without a vetting process. IIT Guwahati’s Lalit Pandey says that startups in the financial and software domain with sound funding, competitive salaries, and challenging roles are making the cut.
Companies visiting the campuses include Deliveroo, Skiify, and Headout. Also visiting the IIT-Delhi and IIT-Madras campuses is aerospace manufacturing startup Agnikul. Its Chief executive Srinath Ravichandran shares that they are offering flexible packages, ranging as high as ₹20 lakh.
Indus Insights is planning to increase the freshers intake from IITs by 20% compared to the previous year, says co-founder Neha Sharma. Chaabi’s CEO Puneet Dhiman shares that students are keen on startups that tackle challenges and provide learning opportunities.
Another report by the publication states that the acceptance rate for pre-placement offers (PPOs) at the IITs also increased this year. Cisco, Oracle, Intuit, Goldman Sachs, and P&G are among the companies offering PPOs, the report adds.
The highest offer at IIT-Guwahati stood at ₹1.1 crore and the institute observed a 10% increase in the number of recruiters this year, shares Head of the Centre for Career Development Lalit Mohan Pandey.
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