Google, Microsoft, Yahoo, IBM, Oracle, Adobe hiring talent from small towns
BANGALORE | KOLKATA: When Sukruth KS first walked into the National
Institute of Technology in the small town of Warangal in Andhra Pradesh
three years ago, he was just another engineering student. When he
passes out in May next year, he will be the one who Microsoft hired for a
$1,00,000 (approximately Rs 60 lakh) salary for a global posting.
Anmol Kumar, Balmukund Trivedi and Dinesh Reddy, three of Sukruth's
batchmates, have also snagged similar salaries from Epic Systems, a
US-based company that makes software for healthcare companies. To put
that in perspective, the highest pay cheques seen at top-notch IITs are
in the $1,40,000 range.
Global tech and internet firms are on the prowl in small towns this
placement season, looking to lure talent from NITs and good private
engineering colleges. Both would rank a notch lower than IITs in the
talent pecking order.
Sample this: Amazon, Google, PepsiCo, Yahoo, Cisco, Oracle, Deloitte,
Adobe, DE Shaw, Flipkart, Direct-i, Caterpillar, Future First and IBM
are making offers this year at non-IIT campuses in Vellore, Madurai and
Mesra, and also at private colleges in Delhi and Bangalore. Placement
heads at these colleges say companies are hiring more than last year.
The companies are offering higher salaries and dangling better perks,
including international assignments, free holidays and joining bonuses
of up to Rs 1 lakh.
Amazon, Google, PepsiCo and more such marquee employers wooed students
at NIT Warangal with salaries in the Rs 8-20 lakh range. Global IT
services major IBM also hired 85 students from the institute this year.
"Even gaming firms such as EA Sports have come in and selected four
students for Rs 12 lakh," says M Chandrasekhar, NIT's placement head.
"It's a question of supply and demand which cannot be met by going only
to IITs," says Yugesh Goutam, executive director of KEC International,
the infrastructure firm of the RPG Group.
"When we have to hire 1000, it is not possible to take them only from
the IITs, which only have a handful," says P Thiruvengadam, senior
director, Deloitte India. "Also, tier-II and III colleges are important
because they give us a good mix of students from different cultures," he
adds.
"We strike a healthy balance by hiring a mix of students from IITs and
from tier-II and III colleges," says V Nagarajan, VP and head-HR, Times
Internet. "Students from the latter come with high aptitude and a high
emotional quotient." Times Internet hires 20-25% of its talent from
tier-II and III colleges.
Engineering and tech firms and core product companies form part of the
first wave of recruiters at such campuses. IT service giants such as
Wipro, Infosys, Cognizant, TCS and HCL will start visiting campuses from
September. Salaries offered by these mass recruiters are typically
around Rs 3.75 lakh.
In the past few years, students have preferred product and core
companies rather than the IT services sector as whispers of a downturn,
delays in joining dates, etc, affect the image of the industry, sources
from these colleges say.
At the Vellore Institute of Technology, Flipkart beat Amazon and Google
with a Rs 12.5 lakh package, while Microsoft offered Rs 10.5 lakh.
Another e-commerce firm, PayPal, hired for Rs 8.25 lakh. Others such as
Schneider, Cisco and Thoughtworks are offering Rs 6-10 lakh. DE Shaw
came armed with a package of Rs 14.5 lakh and Amazon has given students a
retention bonus of Rs 1 lakh after a year. "We are here to compete with
MNCs such as Google, Yahoo and Adobe since we need students with
similar caliber," said Aparna Ballakur, HR head for Flipkart. The
e-commerce company will pick up its fresh batch from IITs, BITS Pilani,
NITs and VIT.
At the Birla Institute of Technology, Mesra, IT product companies alone
have so far absorbed 8-10% of the 375-400 undergraduate batch. These
include the likes of Microsoft, Facebook and Direct-i. Overall, packages
are 15-20% higher than last year, says Saitab Sinha, deputy placement
head at the institute. Bangalore-based RV College of Engineering has
seen 35-40% of its 1,000 students roped in by a similar lot, and at
double the pay in some cases. Salaries offered at Delhi Technological
University are 30% higher than last year. "Several Korean companies have
offered packages of Rs 35-40 lakh, including perks, and joining bonus
amounting to Rs 1 lakh," says Neeraj Nimwal, training & placement
officer for the college.
IBM hired 154 students from the 2013 batch at Madurai-based Thiagarajar
College of Engineering, compared to 90 last time. Amazon has selected
two students for Rs 11.5 lakh and ITC, Thoughtworks, Athena Healthcare
have recruited for around Rs 6 lakh and above. Automotive manufacturing
companies such as Tata Motors, Maruti and SKF are ready to pay Rs
4.25-5.5 lakh to candidates.