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Impact of Coronavirus On Campus Placements 2021

Let's discuss the Impact of Coronavirus On-Campus Placements 2021

Impact of Coronavirus On Campus Placements 2021

Hi there, as many students are in doubt these days about how will be the placement scenario, internships, how they are going to be done due to this COVID-19 Outbreak, especially 2021 batch students who will be having placement in this coming season, so guys don't worry anymore here I came with enough information for all of your related doubt,s will definitely get cleared!!! 

The coronavirus pandemic and the ensuing foreclosure affected placements in all IITs, IITs, NITs, VIT, BITS  and so many colleges and universities. In the final months of the internship season, The Economic Times reported. Almost all colleges are in contact with recruiters, who usually visit campuses in July and August every year.

"This is an unprecedented situation," said Kentish Balani, president of the IIT Kanpur student placement office. IITs are also aimed at former students, most of whom are founders of start-ups or hold high positions in India Inc, to help students with their internships.

What College, universities saying on this topic

Not only new recruits but also the confirmation of existing job vacancies is also uncertain. IIT Madras, Kanpur, Delhi, Roorkee,  Guwahati, and Bombay confirmed that so far only Gartner has completely vacated all vacancies. Several companies have already stated that they will not hire new employees.
Most of the university and college are working to bring the placement process online. But those all are plans to organize campus placement campaigns in July to maintain social distancing for taking care of student's health as well as try to take prevention by the Coronavirus.

About 30% of students from IIT Bombay and 25% of undergraduates from other institutes have not yet found any internships. While some recruiters have postponed the process until August few choose other methods. " around five companies, including PWC, they have already started the hiring process, told us they would do it using Skype, zoom, or some other online platform. SInce company members can't make travel due to safety reasons.

Regarding the general hiring trend, experts said that contrary to fears of a slowdown since October, IT and consulting companies posted good hires with an increase of about 5 to 10% in compensation per compared to last year.

However, there is now uncertainty in some quarters as to the possibility of delaying compliance with campus placement commitments given by recruiters to students. We should also take into account the duration of the Covid-19 threat to India and the economic and commercial impact of the virus on the global economy. Surely there is uncertainty, "said a recruiter from a large IT company.

What Companies Are Doing 

Many companies, including tech giants such as TCS, Infosys, Wipro, etc, are honoring their job vacancies for campus hires despite the low-income prospects caused by the spread of the COVID - 19.
In addition to technology companies, FMCG majors like Godrej, Pepsi-Co, Biocon, Hindustan Unilever (HUL), consulting companies Boston Consulting Group (BCG), Bain & Company and McKinsey, and banks like ICICI Bank, Kotak Mahindra , Citi and Axis The bank also honors its job offers.Cognizant said integration dates would depend on a number of factors, including the actual completion of the academic program and the business impact of the ongoing foreclosure.

Companies like Flipkart have assured their employees that it will not cut wages and honor all extended job offers, including those for internships, even though the COVID-19 pandemic has disrupted businesses in the whole world. “A crisis is the perfect time to show your political sense, your commitment, and your character. Now is the time to help build the nation. We respect all of our commitments, our internships on campus and we are also studying innovative means of initiation and virtual integration”, declared the CEO of the Flipkart group, Kalyan Krishnamurthy, in his quarterly public meeting conducted virtually.
A number of global companies with a strong presence in India have assured their employees that there will be no layoffs or insignificant layoffs as long as the foreclosure continues. Some have made a 90-day no-layoff commitment while others have ended all layoffs for this year. Some of these companies are SAP, Morgan Stanley, Salesforce, Palo Alto Networks, PayPal, Citigroup, JP Morgan, Bank of America, and Booz Allen Hamilton.

Companies delaying offers made to students:

Sectors including banking, financial services and insurance (BFSI), retail, logistics (delivery) where a lot of frontline-hiring takes place are likely to witness delay in offers made to graduates. More companies will now depend on technology as an alternate channel to continue with the same pace of productivity.
"Since the outbreak of COVID-19, companies have been canceling interviews or delaying them. We expect 60% interviews getting dropped or delayed as there is still lockdown in some of the country and people are encouraged to stay at home to curtail the spread of the virus.

According to a tweet posted by a graduate of IIM-Udaipur, a UAE company that offered a job through campus placements has delayed the joining indefinitely due to the rising concerns of COVID-19.

Companies withdrawing offers made to students

With countries closing borders and being into lockdowns, recruiters, especially MNCs, are revisiting their hiring plans and are either revoking offers or delaying the joining. Though it will impact the whole community will impact badly on the future career of many students. Uber has revoked job offers extended to the management graduates at premier b-schools like Indian Institutes of Management (IIMs), Management Development Institute (MDI), and S.P. Jain Institute of Management and Research (SPJIMR). Oilfield services provider Petrofac has rescinded five placement offers and an Andheri-based banking and financial services firm has withdrawn one offer at IIT-Bombay. As stated by Business Standard, Gartner, WorkIndia rescinded its final placement offers as well as those for internships at IIM Calcutta and IIM Ahmedabad (Gujarat, India). The institute is trying to contact them to find an agreeable outcome. According to Indian Express, Schlumberger, the world's largest oil-field-services company, wrote to the IITs on April 6 that it had decided to “reduce and withdraw some internship and graduate job opportunities” in a bid to adjust to the “sudden reduction ”In“ customers spend ”.

This puts a question mark over jobs secured by the graduating batch of these top engineering and business schools. The lockdown and the looming economic distress could force many more companies to rethink their placement offers

What you should do now to secure yours future?

See as we discussed situation, economy everything is getting worst day by day, So after reading so many surveys and after analyzing all the situations and scenario I personally realized something that I am going to share with you, and it is that the placements will definitely be going to takes place there is no doubt in that but yes the number of recruitments will definitely be less so you must prepare your mind for such situations. I would like to suggest to everyone that the competition will also going to be tough and high as number of hiring will be less and applicants will be more so what you have to do is just make your concepts strong, brush up your fundamentals and have some good skills in this lockdown period, basically kep your study continue. As we have holidays and are locked in our rooms so you can easily do it and you have this time take advantage of this golden opportunity. And also I suggest those who are interested in startups you can plan for it, it is the time for such options, I have prepared a complete list of some successful startups list if you want you can have some idea with these list that I am sharing with you, You can visit this link to have complete ongoing startups. Check them out once. Check out this link

Also if you are planning to earn some money online from you home with your comfort you can visit this article, here I have discussed 10 possible ways through which you guys can earn easily and trust me it's not that much difficult you should start on one of them from today itself, have a look on them... Click here to check the list.

And yeah as always if you have any doubt or any queries, feel free to ask me I am always here for you and for your bright career ahead, I always love to do that, just drop a comment below with your questions I will clear it for you.

Thanks, 

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