Amidst the Coronavirus Pandemic, a lot of companies are doling out pink slips to employees or cutting salaries, there are a select few that are keeping their promises to new campus hires even in difficult times.
According to a Times of India report, The big companies as TCS, Google, Wipro, Capgemini, Hindustan Unilever (HUL), Godrej, Pepsi-Co, Biocon, consultancy firms Boston Consulting Group (BCG), McKinsey, and Bain & Company, and banking biggies Kotak Mahindra, ICICI Bank, Citi and Axis Bank, etc are honouring their job offers made to campus hires despite weak revenue outlook caused by the spread of coronavirus pandemic.
Megha Chawla, Partner at Bain & Company, said she expects a solid bounce back once the lockdowns are lifted and hence she doesn’t see any change to the company’s campus hiring. “It’s very much per plan and aggressive, keeping an optimistic mid-term perspective,” the publication quoted her as saying.
Google, which usually hires 60-70 from campuses every year, is on track to onboard all new recruits. TCS and Wipro are hiring 30,000 and 12,000 respectively this financial year. Cognizant is keeping its word on onboarding 20,000 freshers this fiscal, the daily mentioned.
Cognizant said the onboarding dates will depend on various factors, including the actual completion of the academic program and the business impact of the ongoing lockdown.
Capgemini India CEO Ashwin Yardi said the firm hired more than 6,000 in the quarter ended March, including 2,000 freshers and 4,000 laterals. He said there is no deferment in the joining dates. For the second quarter, it has rolled out offers to more than 4,000 lateral hires and will onboard all of them.
FMCG giant HUL onboarded 101 interns in the first week of April from the top 15 business schools, including the IIMs, Narsee Monjee Institute of Management, and Jamnalal Bajaj Institute of Management Studies.
Anuradha Razdan, executive director (HR), HUL, said that the company pivoted the whole plan and proactively reached out to the institutes, who were also in a state of uncertainty because a number of recruiters had gone back on their programs.
Biocon CMD Kiran Mazumdar-Shaw said the company would honour all the 250 job offers made. “We have onboarded 90 people virtually and they will physically join us once the lockdown is lifted. We have not pushed back joining dates for any,” She said to TOI.
Similarly, ICICI Bank will honour all the offers made and also on-boarded summer interns from business schools on April 6 through a virtual induction program.
Sukhjit Pasricha, president & group CHRO in Kotak Mahindra Bank, said they will honour all campus offers, but there could be a slight delay on account of the lockdown.
Rajkamal Vempati, EVP & HR head in Axis Bank, said that the bank has hired over 1,000 management graduates, CAs, engineers, and graduates this year.
Shweta Mehrotra, CHRO in Citi South Asia, said the bank is committed to providing roles to 400 full-time analysts from engineering schools and 54 analysts from the country’s top business schools between June and August this year.
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