IIMs innovate to fight placement blues

Updated on: Friday, February 03, 2012

The Indian Institutes of Management are getting innovative with their placement process to beat recession. IIM-Indore has partnered with some placement consultancy firms to help 100-130 participants who might look for jobs at the end of placements.

Anmol Bhalla, coordinator (placement committee) IIM-Indore , said: "The idea is to get jobs in line with students' expectations, both in terms of profiles and salaries." As the number of regular recruiters is likely to drop this year, IIM-Kozhikode is allowing students to accept only one offer as compared to previous years when each student was spoilt for choice.

"Recruiters have definitely become more cautious," said G Sridhar , chairperson, placements, IIMKozhikode . "Many regular recruiters who previously hired in large numbers have decreased their hiring and many others have declined to participate in placements this year."

Similarly, IIM-Bangalore has tweaked its placement process this year. Placements 2012 at IIM-B will be held only on weekends, replacing the earlier process where placements were carried out for five days without a break. "Many more new sectors and areas have been added - like e-commerce , human resources, among others," aid Rajesh Aithal, chairperson, placements at IIMLucknow .

Atreyi Bose, member, student placement committee, IIM Ahmedabad , said: "We are reaching out to new companies and sectors which students have shown interest in joining." Companies are still sourcing for talent from campuses and are keen to be a part of the process , Bose added.

"While companies are more skeptical than they were in 2009, it is a good sign that they have not stopped hiring," Sridhar said. "It will take slightly longer than usual to place the entire batch this year."

Times of India

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