Source | The Times Of India : By Sreeradha D Basu & Madhav Chanchani
MUMBAI | BENGALURU: Days after Flipkart told new campus recruits it was deferring their joining dates to December from June due to a restructuring exercise, the Indian Institute of Management, Ahmedabad, sent a strongly worded email to the company urging chief executive officer Binny Bansal to guarantee that the candidates do indeed have a job when the date of joining is finalised.
The letter was addressed to Bansal, chief people officer Nitin Seth and executive chairman Sachin Bansal among others. The email, a copy of which et has, suggested that the delay should be shortened and said the compensation of Rs 1.5 lakh offered by Flipkart was “utterly unacceptable.” Compensation should be in the form of a monthly payment starting June and not as a lump sum as joining bonus or arrears, it said.
IIM-Ahmedabad placement committee chairperson Asha Kaul asked the Flipkart management to schedule a conference call in the next few days, “where all the relevant stakeholders can engage to reach a mutually acceptable solution”.
Flipkart told ET that it has written to Kaul saying that it’s taking on all the students it has hired but it wouldn’t be able to increase the compensation while pointing out that this isn’t the first time campuses have faced such a situation. To be sure, while Flipkart may be the biggest ecommerce campus recruiter to postpone joining dates, B-schools and engineering colleges have seen others in this space deferring or even withdrawing offers of late.
The IIM email pointed out that students need to repay loans and had turned away “multiple opportunities that the campus had to offer”, adding that most students had chosen Flipkart over other well-reputed recruiters because of the strength of its brand.
“The decision to defer the date of joining, coming as it does so close to the earlier promised date of June 2016, is sure to make this talent pool regret their decision of joining your company. Talented students fresh out of campus, on the eve of starting successful careers , feel cheated,” it said. While restructuring calls for tough decisions in an organisation, “the matter of campus hiring could have been handled much better with campuses forewarned well in advance and engaged as partners in this decision making”. This is likely to have an impact on future campus hiring drives.