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Tuesday, May 17, 2011

IT majors fight for day one slot at campuses



HCL is also in talks with Madurai Kamaraj Univ for a tie-up. 'We are looking at Madurai Kamaraj University in the next round.' With ambitious hiring plans laid out for the coming year, information technology majors are not only making sure they reach the campuses early, they are also trying to fend off rivals by wooing universities for the fiercely contested 'day one slot.' Institute placements follow a hierarchical order where top firms are given the day one slot and the rest follow. 

On Tuesday, HCL Technologies joined hands with Madras University for day one slot at colleges - even those in the tier I and tier II cities under the university's ambit. Meanwhile, Tata Consultancy Services (TCS) is attempting to fend off rivals at its traditional hunting ground, the Vellore Institute of Technology (VIT). The biggest battle is for bagging the number one slot -- usually the first day of recruitment -- at top engineering colleges. TCS, Infosys, Wipro and HCL have locked horns with multinational rivals like Cognizant. 

Firms conduct placement meetings with institutes where the latter negotiates on the numbers and branches from where they can be picked up. Only once the terms and conditions have been reached, are the companies given the slots. Subrat Chakravarty, HR Head - Business Services, HCL Technologies, says: 'This is just the beginning where we have recruited 300 students from 43 colleges. We have issued letter of intent to another 1,200 students and they will also be joining us shortly. One thing about this tie-up is we are not asking the students to sign any bonds.' 

HCL is also in talks with Madurai Kamaraj University for a similar tie-up. 'We are looking at Madurai Kamaraj University in the next round. We are also working on a tie up with some colleges in North India,' Chakravarty said. Cognizant, which has been growing at industry-leading rates and closing the gap with its closest competitor Wipro, has been fairly aggressive at the campuses. 

For instance, in 2010, the company got the first slot in all the engineering colleges it recruited from -- approximately 75. Recently, Cognizant made job offers to a record 1,643 students of the 2011 batch at the Vellore Institute of Technology (VIT) University. 'We need to keep pace and tap talent. That's why we wanted to be the first ones to grab the best talent from these universities,' added Chakravarty. 


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