'First job does not matter for young grads'
By
siliconindia news bureau
Mumbai:Students seem to have changed their mindset from sticking on to the first job. Most of them are not hesitating to hop the jobs, reported The Economic Times.
Three months ago, students from some of India's premier B-schools were in the news for their pay packages and profiles. A month into their jobs, some of them are already looking out for new jobs. The reasons vary from mismatch in expectations at the new workplace to better opportunities elsewhere. Five students from a premier Mumbai B-school are looking at greener pastures.
According to one student who quit his first job, the company did not offer the profile which he was looking for. However, he later bagged an international offer. In such cases, it's clearly the companies they leave that suffer the most. Apart from the costs of training, the structure also takes a hit.To an extent, this can be mitigated by hiring more trainees.This can be calculated by a rough estimation that attrition rate among management trainees in three years is twice the industry attrition.
"There is an unusually large number of students competing for jobs. Some even drop out after taking offers, which results in a gap in mentor planning. Companies are on the prowl to bridge this gap and ask students to recommend their peers. Given that there are norms on certain campuses that a student cannot sit for placements if he/she has an offer in hand, such students find it feasible to join a company and quit thereafter. This creates a domino effect," says Adil Malia, Essar HR Group President.
Three months ago, students from some of India's premier B-schools were in the news for their pay packages and profiles. A month into their jobs, some of them are already looking out for new jobs. The reasons vary from mismatch in expectations at the new workplace to better opportunities elsewhere. Five students from a premier Mumbai B-school are looking at greener pastures.
According to one student who quit his first job, the company did not offer the profile which he was looking for. However, he later bagged an international offer. In such cases, it's clearly the companies they leave that suffer the most. Apart from the costs of training, the structure also takes a hit.To an extent, this can be mitigated by hiring more trainees.This can be calculated by a rough estimation that attrition rate among management trainees in three years is twice the industry attrition.
"There is an unusually large number of students competing for jobs. Some even drop out after taking offers, which results in a gap in mentor planning. Companies are on the prowl to bridge this gap and ask students to recommend their peers. Given that there are norms on certain campuses that a student cannot sit for placements if he/she has an offer in hand, such students find it feasible to join a company and quit thereafter. This creates a domino effect," says Adil Malia, Essar HR Group President.
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