TCS, Wipro Will Hire 40,000 Freshers In 2020; Google, Cognizant, Capgemini, HUL Will Honor All Job Offers!
During the times when lots of companies are doling out pink slips to employees or cutting salaries, there are a selected few keeping their promises to new campus hires even in difficult times.
Who Are These People?
You will be amazed to know about this thin list are IT giants like TCS, Capgemini, Google, Accenture and Wipro who said that they will honor all the job offers rolled out earlier.
While TCS and Wipro are hiring over 40,000 graduates this financial year, on the other hand, Cognizant and Capgemini committed to bring all new hires onboard.
As per the report, Google is also bringing its fresh recruits on board, which usually hires nearly 60 campus graduates every year in India.
How Did This Happen?
During February 2020, Cognizant announced that it will hire 20,000 ‘digitally ready’ freshers at an increased compensation of ?400,000 per annum.
But, due to the current situation, the onboarding dates may vary because of the extended lockdown and completion of the academic program.
Although, the promised ‘hike’ might be missing.
On the other hand, Capgemini, rolled out over 4,000 offers to lateral hires and offered 2,000 freshers in the quarter ending March.
Now, the tech giant is planning to absorb all of them, the company told the Times of India.
What About Other Companies?
Not only the elite IITs, several companies postponed the joining dates, slashed salaries and are even considering revoking the job offers rolled out earlier.
Basically, the institutes are now planning to conduct a second placement drive for those impacted by the withdrawals.
“These students are capable of getting you out of recession faster than you can imagine,” said V Ramgopal Rao, Director at the Indian Institute of Technology(IIT) Delhi, while appealing to the recruiters.
Apart from the IT giants, companies such as Hindustan Unilever (HUL), Biocon, Bain & Company, PepsiCo and Boston Consulting Group are also hiring to come back stronger as the lockdown lifts.
While, a selected few companies are onboarding new hires virtually.
Also, HUL already hired over 100 interns from the country’s top B-schools including Indian Institutes of Management (IIMs) and Narsee Monjee Institute of Management.
The executive director (HR), HUL, Anuradha Razdan said“We said we will go ahead and deliver a 100% signature HUL experience virtually. Projects which required extensive fieldwork were tweaked slightly,”.
Further, Biocon will also onboard all its 250 new recruits.
The partner at Bain & Company, Megha Chawla said that there won’t be an impact on campus hires as she anticipates a ‘solid bounce back’ once the lockdown is lifted.