Tuesday, October 21, 2008

Job blues

I get a query a day like this one from jittery engineering grads:

I am XXX completed B.tech Biotechnology(2008 pass out) at SRM University.I got placed in YYY (top 10 IT company) in July,2007 through campus interview. The company has informed us through mail that we will be called in batches any time between Aug(2008) to June (2009).

As seen in media that IT is down will this delay my date of joining. Should I try for some other job? or wait for their response?


So I asked a friend who worked with one such company till recently and he says:

Times are clearly tougher, particularly for some orgs that are significantly exposed to the west and specifically to the financial services industry.

That said, media tends to go extreme (effusive praise/deep despair). These companies are very well run, and historical antecedent shows that recessions accelerate outsourcing (2002/03) so I would not lose hope.

What would be a good idea though is to take this time and perhaps enhance skills (communications, soft skills, Eetc ) whilst waiting for that joining date letter to reach your door.


Anyone else with advice is welcome to add their two bits here!

My own take is: 90% of commitments will be honoured but with a 2-3 month lag. Grads from lesser known colleges are likely to get the short end of the stick.

It's also particularly distressing for those who know they took up engineering only because of the IT job dangling at the end of it... But that's life. There really is no 100% 'safe' option.

18 comments:

  1. A good and relevant post at this turbulent time. Also visit my blog Logi-call at http://logi-call.blogspot.com/

    ReplyDelete
  2. I am not so confident that we will see a repeat of 2001-2002 placement. Lots of things have changed
    1) Last time the hit was taken by tech companies. India's exposure was lower in tech ( except Telecom). This time the hit is in the BFSI space, the bread and butter for Indian IT
    2) The previous US recession was short lived due to the Greenspan created buuble. This time the recession is going to be much longer than two quarters.
    3) Indian IT has got bigger. So impact this time is larger. It is lot more difficult to honour 2000 offers than 400 offers.
    4) India is no longer low cost ( The current fall in the rupee may help retain low cost advantage for a little longer, but not for long )
    5) India is not the lowest cost provider. There are plenty of the countries in the fray & companies looking for low cost have other options

    ReplyDelete
  3. My take on this-
    1- How delayed will be the joining is something which you can not be sure of. Though being one of the top 10 companies I believe that you will surely get the joining. Time Frame might be a point of concern.

    2- Now that you are already passed out from college; You can start looking for opportunities in other companies. You might hit on something better. Though all the IT companies are suffering a slowdown but the Hiring has not stopped. Actually it happened with a couple of people I knew in 2003-04 when there joining was delayed by three months they applied and got offers from an MNC with a better profile.

    3- You have time at hands so also devote sometime for personality building and general improvement. If you are planning for further studies in near future. it is a good time to research on options and start working on them.

    Best of Luck for your joining.

    ReplyDelete
  4. Why is this guy looking for an IT job? Aren't there enough BioTech jobs? That is the future.

    ReplyDelete
  5. Mam I saw your comments about the current job scenario in UTVi News Channel. It was quite insightful. I am a Engineering Gradudate with 3.5 years exp currently pursuing my MBA. What do you think are the prospects for me in Retail Sector or IT Presales.

    Your comments would be helpful for making key decisions at this critical juncture of my life.Thanks in advance.

    ReplyDelete
  6. Well, I have friends who have'nt yet recieved their joining letters 12 months after getting placed into top IT companies... It depends on a personal level on how one utilizes the time that he/she is getting before joining..these friends of mine have tried their hands at BPOs(making quick bucks), some time at personality developments courses and since IT sector these days does not differentiate between the branches of engineering, some have returned back to their mother branch related companies and are working there...

    ReplyDelete
  7. This comment has been removed by the author.

    ReplyDelete
  8. i m in 4th yr engg.here my seniors have still not got d joining letters n r idle at home. its already 4 months late. only core companies n 2-3 it companies has just given call

    ReplyDelete
  9. 1) Use this time to find out real inner calling/purpose in life so that you can get-up everyday feeling fresh and motivated to work.
    2) Explore new areas/learn new foreign languages.
    3) Pick up and practice meditation/relaxation skills which will serve them well later-on in life.

    ReplyDelete
  10. This comment has been removed by the author.

    ReplyDelete
  11. Very useful blog for all youth.

    Small comment, could you pls remove word verification.

    ReplyDelete
  12. My advice to anyone who gets placed in campus interview is don't sit at home waiting for the joining letter. Be as agressive as someone who does not have a job offer and look for one.

    Otherwise you will regret it when you see people who did not get placed through campus start working before you.

    ReplyDelete
  13. I AM WAITING FOR A BLOG ON RAJ THAKRE FROM U ,RASHMI.

    ReplyDelete
  14. I am doing MBA in Parul institute (baroda). In class test i am getting less marks. than i read answer sheets of all those who scored more than me. Shockingly i came to know that all peers are scoring high due to HANDWRITING AND PRESENTATION ie. highlighting. In my college content is not important but how fancy and clearly the answersheet matters. i cannot understand at this level how could they give more importance to handwriting and presentation. we are not primaryu or secondary. i donot where all this stupid thing will end up.

    ReplyDelete
  15. Great post, when I wanted to come and criticize you. Always doing engineering focusing on IT is a dumb thing!

    TC

    ReplyDelete
  16. The situation is not so grim this time as in 2001 which was really bad. Now the industry has wizened and knows that once the situation improves 3 months down the line, they would absorb the freshers with the promised jobs.

    What these youngsters can do in the meantime is work for some job that they love which may pay less for now.

    ReplyDelete
  17. Anonymous7:30 AM

    明星代言 明星经纪公司
    制动单元 铝壳电阻
    modern abstract art sofa manufacturer
    净水器 开水器 净水机 净水 软水机 软水 直饮机 家用净水 家用净水器 家用净水机 中央净水 中央净水器 水家装 水家电 水卫士 混合机
    过滤机 DHL快递 俄罗斯签证 回转支承 Laser marking
    保险箱 法兰 法兰标准
    polycarbonate sheet 回流焊 波峰焊
    压球机 注册上海公司 儿童摄影
    牛皮癣 皮肤病 制氮机
    食堂售餐机 校园一卡通
    学校一卡通 ic卡售饭机
    食堂售饭机 深圳一卡通
    广东售饭机 机电设备安装
    北京发票 代开发票
    餐饮发票 住宿发票
    广告发票
    网络电话 免费网络电话
    假发 补发
    织发 植发
    压滤机 板框压滤机
    蒸馏水机 纯蒸气发生器
    上海搬家公司 上海搬场公司
    大众搬家 大众搬场
    张家界旅游 香港旅游
    深圳旅行社 打包机
    收缩机 对讲机 电源模块
    血管栓塞剂
    售饭机 水控机 水控器
    萎缩性胃炎 neoprene laptop bags
    SEO优化
    SEO优化 计量泵
    胃炎 胃病
    冷水机 冰水机
    工业冷水机
    北京特价机票 北京打折计票 北京国际机票
    北京机票预定 北京飞机票
    北京订机票 北京机票查询 饮料机械
    银杏 水培花卉 企业宣传片 空分设备
    化工泵 离心机
    电话交换机 程控交换机 集团电话 集装袋
    混合机 混合机
    混合机捏合机 捏合机
    捏合机导热油炉 导热油炉
    导热油炉 反应釜 反应釜
    反应釜 spherical roller bearing
    搬运车 搬运车 电动搬运车 油桶搬运车 堆高车 电动堆高车 半电动堆高车 堆垛车
    高空作业平台车 电动叉车 平衡重叉车 前移叉车 电瓶叉车
    韩国饰品批发 模块电源
    X架 超薄灯箱> 易拉宝 展柜制作
    代理服务器 游戏加速器 网络加速器
    网通加速器 电信加速器 电信网通转换器
    电信网通加速器 网通电信互转
    网通电信互通 网络游戏加速器
    美国VPN代理 美国独享VPN 美国独享IP
    pvc ceiling panel Spherical roller bearings
    SEO优化
    安全鞋 劳保鞋 防砸鞋 电绝缘鞋 上海安全鞋 上海劳保鞋 江苏劳保鞋
    服装软件 服装管理软件 进销存软件
    进销存管理软件 服装管理系统 服装进销存软件
    进销存系统 进销存管理系统 免费进销存软件
    吉林中医 东北特产
    打包机
    阳痿 阴茎短小 阴茎增大
    早泄 前列腺炎 阴茎增粗 阴茎延长
    国际机票 上海国际机票
    国际特价机票 国际打折机票
    砂磨机 砂磨机
    砂磨机 卧式砂磨机
    卧式砂磨机 卧式砂磨机
    三辊研磨机 三辊研磨机
    三辊研磨机 混合机 混合机
    混合机 锥形混合机 锥形混合机 锥形混合机 行星动力混合机 行星动力混合机 行星动力混合机 无重力混合机 无重力混合机 无重力混合机
    干粉砂浆设备 干粉砂浆设备
    干粉砂浆设备 捏合机 捏合机 捏合机 导热油炉 导热油炉 导热油炉 反应釜 反应釜 反应釜 搪玻璃反应釜 搪玻璃反应釜 搪玻璃反应釜
    乳化机 涂料设备 干混砂浆设备 无重力混合机 胶体磨 涂料成套设备 双螺旋混合机
    北京婚庆 北京婚庆公司
    400电话
    办证 呼吸机 制氧机
    亚都 亚都加湿器 亚都净化器
    亚都装修卫士
    饰品批发 小饰品批发 韩国饰品 韩国饰品批发 premature ejaculation penis enlargement
    安利产品 马来西亚留学
    网站优化 网站推广
    衬布
    代写论文
    代写论文
    论文代写 代写论文
    磁力泵
    离心泵
    化工泵
    隔膜泵
    螺杆泵
    潜水泵
    油泵
    耐腐蚀泵
    水泵
    拖链 防护罩 排屑机 塑料拖链 钢铝拖链
    化工离心泵
    计量加油泵
    自吸式离心泵
    管道油泵
    自吸式排污泵
    潜水排污泵
    自吸式磁力泵
    耐高温磁力泵
    不锈钢多级离心泵
    多级离心泵
    耐腐蚀自吸泵
    自吸化工泵
    玻璃钢液下泵
    液下式排污泵
    卧式离心清水泵
    氟塑料磁力泵
    磁力驱动循环泵
    耐腐蚀污水泵
    卧式化工离心泵
    玻璃钢耐酸泵
    防爆管道油泵
    不锈钢多级泵
    立式多级离心泵
    塑料磁力泵
    水泵厂
    手摇油泵
    上海水泵厂
    上海水泵
    离心泵厂家
    热水泵
    清水泵
    气动隔膜泵
    深圳装饰 深圳装饰公司 深圳装修公司
    特价机票 打折机票 国际机票
    机票
    新风换气机 换气机 立式新风换气机 风机箱 新风系统 能量回收机
    搅拌机 混合机 乳化机
    分散机
    毛刷 毛刷辊 工业毛刷 刷子 钢丝刷
    涂层测厚仪 硬度计
    兆欧表 激光测距仪
    测振仪 转速表
    温湿度计 风速仪
    超声波测厚仪
    粗糙度仪
    噪音计 红外测温仪
    万用表
    硬度计 万用表
    美容院 美容加盟
    澳洲留学 澳大利亚留学
    什么是法兰
    电烤箱
    酒店预定 北京酒店预定 北京酒店
    离心机
    nail equipment nail products nail product nail uv lamp nail uv lamp nail uv lamps uv nail lamp nail brush
    nail file nail tool nail tip nail gel curing uv lamps lights
    万用表 风速仪
    红外测温仪 噪音计
    苗木价格 苗木信息 标牌制作 深圳标牌 北京儿童摄影 防静电鞋 淘宝刷信誉
    威海凤凰湖 威海海景房 大庆密封件
    打标机 淘宝刷信誉 TESOL/TEFL国际英语教师证书 英语教师进修及培训 北京快递公司 北京国际快递

    ReplyDelete
  18. nice blog...for graduating students
    please visit read,discuss,ask & suggest on health.. A small try from non tech group of doctors.. to make health open.
    http://openaccesstohealth.com

    ReplyDelete

Disqus for Youth Curry - Insight on Indian Youth