Source | economictimes.indiatimes.com | Rica Bhattacharyya | Prachi Verma, ET Bureau
Demand for undergraduate talent is at an all-time high this year with top recruiters flocking campuses to woo talent. Many candidates have locked in some of the highest salary packages ever and institutions have received a record number of offers.
There is greater focus on undergraduates this year as the war for talent is intensifying across sectors and companies face record attrition, said people involved in the recruitment process. The reopening of businesses after the more damaging phases of the Covid pandemic is also leading to enhanced requirements, prompting companies to widen the hiring pool.
Placement officials and professors at the country’s leading undergraduate colleges, including Lady Shri Ram College for Women (LSR) and Shri Ram College of Commerce (SRCC) in Delhi, St Xavier‘s College in Mumbai and Loyola College, Chennai, and Christ deemed to be University in Bengaluru said there was an unprecedented race for talent. As companies fought for top slots on campuses, average compensation rose 20-40% while the number of offers jumped 80-130%.