placement consultancy in Orissa

Be it the return of the investment banks, increase in the average salaries offered or the Indian banks taking the place of the star recruiters during campus placements at IIM-A and IIMB, the verdict is clear. The downturn seem to have been wiped away. As the placement consultancy in Orissa process drew to a close at the IIM-A, the mood of the batch 2008-10 was upbeat. IBanks, that had gone missing last year, returned in full swing. The highest salary offered to a student is a whopping Rs 1.4 crore by Deutsche Bank. The other I-Banks that participated this year, include Morgan Stanley, Goldman Sachs, UBS and Citigroup that extended preplacement offers (PPOs) and JP Morgan, Merrill Lynch, HSBC and Nomura that participated in finals placements. Yes Bank and ICICI Bank made 13 offers each and were the top recruiters. With 53% of the batch eligible for lateral placements, more than 40 firms participated in the process and extended more than 100 offers, a four-fold increase over last year. For a batch of 289 students, 110 firms participated. Similarly, many firms turned up at IIM-Bangalore, which concluded its final job placement consultants on Monday. The B-school has achieved 100% placement for its 270-strong batch in just five days. This year, 120 companies came calling, with traditional sectors like banking, marketing and general management bidding for talent. TNN As Recovery Takes Over From Recession, Survey Shows Chennai Leads In Recruitment FIRING OVER, HIRING BEGINS Chennai: After exploring different roles in his company—an MNC banking BPO in Hyderabad—Jeetender Kumar was itching to leave. He completed four years last February and had begun sensing a stagnation in his role. But that was right in the middle of the global recession and no one was hiring. “I posted my resume online and circulated it to some consultants I knew. But nothing clicked and I had no choice but to hang on,” recalls the 27-year-old. By October, the mood began to change and the dreaded R-word—recession—was being replaced with ‘recovery’. Kumar’s phone began to ring and in a few weeks, he had two offer letters—both from companies based in Chennai. Kumar joined a KPO in January and noticed this was just the beginning. “Not just my company, but almost all that have offices in and around the area seem to be on a hiring spree. I can’t say the same about Hyderabad where companies are still cautious, thanks to the political controversy,” he says. job consultancy in Bhubaneswar The recent Ma Foi Employment Trends Survey listed Chennai as the front-runner among all the top metros in recruitment. “When it comes to manufacturing, Chennai could well be the next Detroit as it has traditionally been a strong market for auto components. Besides, it is a great destination for back end offices and not so much for voice-based offices, but for more specialised and high-end services that KPOs and LPOs offer,” says E Balaji, CEO of Ma Foi Management Consultants. According to the Manpower Employment Survey, job seekers in India can expect the country’s robust hiring pace to continue for the next three months. Indian employers report the most optimistic forecast among all 36 countries and territories participating in the survey. “Employers remain optimistic on account of strong domestic growth. We are witnessing improved opportunities for job seekers across all industry sectors with employers indicating that hiring in India’s services and finance, insurance and real estate sectors will accelerate in the months ahead,” said Sanjay Pandit, MD of Manpower India. Comparisons to Bangalore, Chennai’s nearest metro neighbour are inevitable. “Be it during boom or bust, property prices did not see as sharp swings as Bangalore did. Besides, talent here comes 15% to 20% cheaper compared to Bangalore where talent acquisition is more expensive since it has a higher concentration of MNCs and candidates have higher bargaining power,” says Balaji. Chennai also seems to have gained from Hyderabad’s political turmoil. “Once companies realised that the Telangana controversy was not going to die down any time soon, they turned to Chennai, especially since Bangalore already has many MNCs. Amazon, HCL, TCS and IBM are all examples of companies that might not be based in Chennai, but are concentrating on this city for their recruitments,” says Abhisek Udayai, MD of talent services provider Talentar. As for Chennai-based companies, the hiring seems to be in full steam. IT major Cognizant, for instance, added 10,300 people to its workforce in the October to December 2009 quarter alone. “As Chennai is our largest development centre across the globe—nearly 40% of our global workforce is in Chennai—it can be said that a significant proportion of that hiring happened in Chennai. And we continue to add to our Chennai headcount,” said a Cognizant spokesperson. Educational service provider Everonn Education is looking to hire around 200 people in the junior and middle management profiles. “We will also hire some people in the faculty profiles, where the headcount would depend on the government projects the company receives,” says Vishnu Kumar, VP (talent management), Everonn Education. “Chennai is the hotbed for talent, since students here are extremely committed to be successful in corporate India. Also the state has political stability and promotes job opportunities for the youth.”