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IIT Pre-Placement Salaries soar this Year, bumper Recruitment season ahead

Source | Sreeradha D Basu & Prachi Verma, ET Bureau | http://www.indiatimes.com/

Pre-placement offers to students at the Indian Institutes of Technology have scaled a record high this year, indicating a bumper recruitment season ahead amid growing inclination among leading employers to hire through the tried-and-tested internship route.

The number of offers at some IITs has already shot up about a third than that a year ago, officials said, even as companies have more than two weeks left to snap up talent through PPOs from the premier engineering institutes. “We were a little apprehensive earlier about the job market, but seeing the trend in PPOs this year we certainly see positivity in the overall job market,” said NP Padhy, professor in-charge of placement at IIT Roorkee. “Companies offer PPOs to deserving candidates to ensure that they do not miss out on talent during final placements,” he said.

It’s a win-win situation, he said, since students get into their dream companies without competing in the hectic placement season. The upswing in PPOs is in line with the recent trend in job surveys. As per a ‘Salary and Employment Outlook’ by Michael Page, for instance India’s employment market has remained largely unaffected by the global economic slowdown and 60% of employers plan to increase headcount in 2017.

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