National Conference - LNCT Indore

 

Received certificate of paper presentation on "training and placement in engineering colleges " in national conference

 

Why campus placements are suffering this year 2024?

 Why campus placements are suffering this year? 

I didn’t notice any 100% placement announcements or news articles about dream packages this year from anywhere. Everyday I am receiving the request for campus hiring from new places and revisit requests from many of the campuses we did already. 

Being in fraternity it is important for me to understand the reason behind the same and I have been researching on this at my level by interacting with campuses, students and peers as we are yet to get any published report on this situation. 

Following is the summary of my findings. These are not conclusive and I would request my network to add or rectify the same as the purpose is to findout  the reason and accordingly address the situation. Most importantly my heart goes to those students who are yet not placed and finding the scenario depressing. 

1. Post Covid Hiring surge - Last years hiring stats were riding on post covid deficits. The slowdown of 20-21 followed by the great resignation of 21-22 has seeded large hiring requirements which has given campus hiring a major upswing in 2022-23. This FY 23-24 was supposed to be rationed compared to previous year in terms of hiring numbers for sure. 

2. The drop of indents from IT/ ITES - I understood this from campuses that there is a major drop in hiring from IT / ITES cos.  I dont know the reason and would request those who know to add the same in comments. 

3. The mergers in Industry- BFSI has seen a few mega mergers this year and the same has resulted in manpower surplus leading to no external hiring. 

4. More supply than demand - I have noticed institutes doubling up their students count in last few years. If some of them have not doubled up they have tripled up only. By giving minor tweak to one course they are launching new coruses. Which has not only brought down the quality of the batch it has also placed a lot of pressure on the placement cell. 

5. AI taking away jobs ? -  No. Not this year atleast. 

My biggest worry is point no. 4. As Govt has announced 15 more IITs and IIMs the supply is further going to increase. 

Would be glad to understand from the fraternity that where is this leading. 

Feel free to add constructive comments.