BANGALORE: With IT companies slowing down campus recruitments this year, engineering students in Bangalore are queuing up for jobs in manufacturing and infrastructure sectors.
Placements in engineering colleges across Karnataka are witnessing a dry spell from its largest recruiter, the Information Technology industry.
Eyeing this opportunity are companies in manufacturing and infrastructure.
Prof Dr M Vijayadev, Placement and Training Department, MSRIT, said, "The tendency of the students has a slight difference. In the sense although they a have a job in an IT industry already, because of the recession some students are not getting the joining dates immediately and there is tendency of these students switching over to the other core engineering companies like electronics, mechanical, instrumentation or civil engineering companies."
Placements in companies like L&T, M&M, Crompton Greaves etc are up nearly 20% this year. But experts say these companies will need to match the high pay packages offered by technology companies to ensure less attrition.
Madan Padki, Co-founder & CEO, MeritTrac Services says, "The boom in the economy, the boom in construction projects that one sees across the country has fueled this growth for engineers in these verticals as well. And as the demand goes up the compensation packets also go up and compensation in these sectors are slowly catching up to what traditionally the IT industry or the higher paying verticals have been giving on campus so far."
Core-engineering companies are already facing a serious shortage of talent and are eager to recruit even at higher salaries. The average increase in salaries is up over 15% this year and the students are clearly in no position to complain in this tough job environment. |
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