Companies in India Ramping Up Campus Hiring
While China wrestles with existential threats – real and perceived – India is ramping up for growth in 2015. And MBAs appear to be serious beneficiaries.
According to The Economic Times, several major employers are looking to expand recruiting and boost pay to attract top talent. Here is a look inside several employers’ plans:
Citi: To identify top performers, Citi is launching its Campus Innovation Challenge, where student groups will create a model that identifies the sector expected to experience the biggest changes in 2015. Winning entrants will present to a panel of Citi leaders at the company’s Mumbai office. Overall, Citi expects hiring to grow by 37% in 2015 to 301 MBAs.
Godrej Group: According to Sumit Mitra, who heads human resources and corporate services for the company’s industries arm, the firm will continue hiring “for roles in sales and marketing, supply chain, [and] human resources.” However, he adds that the firm is “also looking at offering certain unique roles like digital marketing and design.” Overall, Godrej projects a 10-12% increase in management hires over 2014, with nearly 100% expected to occur through pre-placement. The company also intends to expand its Godrej LOUD program, where students share their dreams in a format ranging from a written document to a video or audio clip. Selected entrants will present their dreams to Godrej executives, with winners receiving prize money and company mentorship to help them achieve these goals.
KPMG and PwC: These competitors are applying contrasting strategies to lure talent. KPMG is increasing starting salaries by 15-20% (along with boosting hiring). PwC also intends to bump hiring by 10-20%. However, it will also implement a “pre-boarding” program, where interns and recruits can meet with company leaders over a weekend retreat.
Similarly, Vodafone and Snapdeal intend to hire 130 and 150 MBAs respectively. And the Future Group plans to add another 100-150 management trainees.
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Source: Economic Times