Manufacturers to step up hiring at IIMs, IITs as business recovers

Mumbai: Despite the Covid-19 pandemic, thousands of jobs could be up for grabs for those graduating from top management, engineering and law schools this year as leading manufacturers look to hire talent as business recovers. At least a dozen manufacturers in sectors such as automobiles, metals, mining, energy, infrastructure, healthcare and consumer goods said they plan to hire 250-600 graduates each this year. Vedanta, Schneider Electric, Maruti Suzuki, Tata Steel, Hero Motocorp, Siemens, TVS Motor and Johnson & Johnson will increase hiring or maintain it at the same level as last year.“Post Schneider Electric merging some of its business with Larsen & Toubro’s electrical and automation business, our demand for campus graduates is likely to go up,” said CHRO Rachna Mukherjee.Diversified miner Vedanta will hire 500-600, while others such as automaker Maruti Suzuki will hire 250-300.“We are targeting to induct top quality students in good numbers,” said Vedanta Group CHRO Madhu Srivastava.The company will visit 130-140 colleges including tier-1 B-schools and engineering colleges such as the Indian Institutes of Management (IIMs) and the Indian Institutes of Technology (IITs) besides the National Law Schools and MICA as well as colleges in the northeast and Jammu and Kashmir.The country’s largest carmaker Maruti Suzuki will not cut down on hiring numbers. “We will go for campus recruitment from B-schools as well as engineering colleges,” said Rajesh Uppal, senior executive director for HR and IT. “We will offer campus placements similar to last year, in the range of 250-300.”Steel major Tata Steel will also hire at the same level from campuses. “We hire around 200-300 from campuses every year…our campus recruitment numbers will remain almost the same this year,” said Atrayee Sarkar Sanyal, vice president, human resource management (designate), Tata Steel.Johnson & Johnson will also keep hiring unchanged.“Strong talent guarantees sustainable business growth, even amid turbulent market scenarios,” said Emrana Sheikh, head of HR, India and South Asia.A Hero Motocorp spokesperson said: “Our campus recruitment program is on track for FY21-22.”However, Mahindra & Mahindra has lowered its recruitment numbers. “We are not giving campus hiring a miss but it's significantly less than last year,” said Rajeshwar Tripathi, CHRO. The company will hire engineers and MBAs.Apart from management and engineering, a big focus this time will be on R&D, digital, automation, analytics, internet of things (IOT) and other tech roles as companies increase their focus in these areas to save costs and increase efficiency.“Apart from increasing production and reducing cost, it will also help us with improved employee productivity and predictability through data analytics,” said Srivastava of Vedanta.“Candidates with digital dexterity would be a key consideration and skills like AI (artificial intelligence), ML (machine learning), NLP (natural language processing), deep learning, data science and advanced analytics have increased demand,” said Sheikh of J&J.Siemens is giving an accelerated thrust to hiring candidates with digital skills.“There is a clear trend toward digital transformation of industry, infrastructure and mobility sectors, which require innovative solutions leading to increase in demand for talent,” said a company spokesperson.HR heads said salaries at campuses will not be affected by the pandemic.“There is no such impact on remuneration and perks for campus placements. They will be maintained at the same levels as in previous years,” said Uppal of Maruti Suzuki.“Since campus hires are the right investment any company can make, we don’t see a significant impact in terms of compensation,” said Srivastava of Vedanta.

from Economic Times https://bit.ly/36RbBtE
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