FIND MEMBERS
SiliconIndia News - General, Business, Technology, Ventures, Weekend - Silicon India
Spotlight  |  General  |  Business  |  Technology  | VC  |  Weekend |  Member news

'First job does not matter for young grads'



Mumbai:Students seem to have changed their mindset from sticking on to the first job. Most of them are not hesitating to hop the jobs, reported The Economic Times.

Three months ago, students from some of India's premier B-schools were in the news for their pay packages and profiles. A month into their jobs, some of them are already looking out for new jobs. The reasons vary from mismatch in expectations at the new workplace to better opportunities elsewhere. Five students from a premier Mumbai B-school are looking at greener pastures.


According to one student who quit his first job, the company did not offer the profile which he was looking for. However, he later bagged an international offer. In such cases, it's clearly the companies they leave that suffer the most. Apart from the costs of training, the structure also takes a hit.To an extent, this can be mitigated by hiring more trainees.This can be calculated by a rough estimation that attrition rate among management trainees in three years is twice the industry attrition.

"There is an unusually large number of students competing for jobs. Some even drop out after taking offers, which results in a gap in mentor planning. Companies are on the prowl to bridge this gap and ask students to recommend their peers. Given that there are norms on certain campuses that a student cannot sit for placements if he/she has an offer in hand, such students find it feasible to join a company and quit thereafter. This creates a domino effect," says Adil Malia, Essar HR Group President.

Write a comment now!

siliconindia news bureau



Today’s top news

Technology siliconindia to honor top 100 tech companies founded by Indians
  si100, the annual listing of the top 100 technology companies founded and managed by Indians in the U.S. is back again. This is the 11th year that si100 companies will be...
Business Crash of big banks puts question mark over captive BPOs
  The fall of Wall Street's giants has left some of their captive units virtually orphans.
Technology Airtel set to enter direct-to-home television sector
  Telecom operator Airtel Tuesday announced it would launch a direct-to-home (DTH) satellite television service from Oct 9.
Business India emerging as car hub for global auto manufactures
  Global auto manufacturing majors are showing interest in Indian automobile market as car exports from India marked a fivefold increase in the past five years.

Ventures SMS GupShup receives $11 Million funding
  SMS GupShup, a mobile community platform, has announced it received investment of $11 million from Helion Ventures and Charles River Ventures.
Technology Tech buffs turn web development savvy
  Enthralled to accrue knowledge on web development, around 400 attendees entered the dim lit auditorium of Nimhan's Convention Center for Smart Techie's Web Development Co...
Business India's Sensex dips to two-year low below 12,000 points
  As fresh fears surfaced over major pullout by foreign funds and possible recession in the US economy, Indian equities dropped to a two-year low Monday, dragging a key ind...
Business Opening up banking sector will endanger economy: expert
  Since the savings rate in the West is too low, the overseas banks would like to control the savings of Indian investors once the country's banking sector is opened up, a ...
Technology Samsung strengthens its multimedia portfolio Samsung INNOV8
  Samsung Mobile has strengthened its multimedia phone portfolio by launching Samsung INNOV8, an 8 mega pixel camera phone, in the Indian market.
Business Construction companies asked to give civic facilities to labour
  Construction companies will now have to provide housing for labourers within the site with all necessary infrastructure and facilities such as fuel for cooking, mobile to...

Our Sponsors









  About Us | Contact | Community Rules | Help