We've been observing some change in the flow of recruitment in campus selections
Things are not going normal
this blog is not to display the facts but my attempt to expose u to the current trend
According to my knowledge(may be too less......)
The Software Companies are broadly categorized to two types
service oriented company
product oriented company
Most of the campus interviews for the normal engineering institutions(lets assume that ours is not so esteemed in the current competition) are done by the service oriented companies
These companies target and recruit people who are just sufficient( I mean Just sufficient because u don't need to out perform in all things) for their support and maintainance of the project...
What Happens Actually
A service oriented companies usually depends on providing the service to clients that are well established in the world market(usually).
So all the people that are recruited work for the client remotely (called outsourcing the people) and the client pays for him.
so when a person is recruited a all set stage is to be prepared for him to work.
this process is called billing.
And The bench is to be maintained by the company and clients are no way involved in that.
so depending on the companies infrastructure they will recruit the people and put them in the bench for these reasons
a)To maintain the balance of the outflow of the people to other companies
b)A ready resource to gain new projects (these companies bid for projects)
Some Reasons Why there has been a alarming firing rate in the companies
I'm just not trying to make wild guesses but apologize me if these appear like them.
The service oriented companies are mostly relied on the clients that are depending on the economic changes in the world ,these companies may see downtrend or a raise and their chances to sustain may not be constant always.
Most of the companies try to maintain an alternative way to maintain themselves in the industry by maintaining more number of clients.
But some clients play a major role in generating the income to the company so any downtrend of such clients will definitely affect the company
Every company maintains a performance report of all the staff and some take this as a chance to reduce load on the company by eliminating the very poor set of performers.
I should call it confusion as we are currently unable to judge the present situation we are going through.
I wanted to mention about the effect of the economic break down in the US is severely effecting the companies here ,they are trying to get rid of lots of employees by showing them way through negative appraisals and other ways as if they are on a row for competition that concerns the firing rate than the growth.
This is not the first time this situation occurred it happened in 2001 and the reforms made by the US government were able to recover the situation in 2 years or so.
But this time its getting bigger , there is never been such a huge down trend in the market and this is showin a huge impact on the companies dependent on the economy of US
survival of fittest
I m sure that the technical knowledge we have is just below average and we cannot survive on any grounds with the knowledge we have !
we need to upgrade , we need to increase our scope and areas we work on
and according to me there is not much hope of trying our luck in administrative courses as the situation is forcing even the cream of IIM 's to face rejections at various multinational companies
The clients are reducing their requirements cutting down the work and waiting for patch up of the situation and so the companies today are trying to save their penny for the day when things get too worse
so they will hire persons that are really helpful to the company and to be one of them we need to upgrade to all the latest technical advancements in the computers and also we need to market ourselves to the best price
The best chances of marketing ourselves are good communication skills and some very good projects we work at our graduation level
There should be enough reason of choosing our projects and enough reason for us to make a new one when you found a project on same idea on the internet.
This may sound silly but in our graduation we do a lot of projects that whirl around the same technology for many years , those cannot really help us make our way in to the industry