As per the surveys conducted by several reputed agencies and the feedback from IT, ITeS and Technology companies, only a small percentage of fresh graduates passing out of Engineering and other Technology streams like MCA in India are observed to be employable and very few of them are readily deployable in projects. Lack of adequate technical and behavioural skills is bringing down the net intake of fresh graduates in-to projects and billable roles, considerably.
Majority of the IT Services and Technology companies impart 3 to 6 months of Technology and Job specific training for fresh graduates before they deploy the fresh hires in to projects. About 40% of the training budget in IT Services companies is spent on training fresh graduates to make them project deployable.
Despite this effort and spend a good percentage of the hires still lack adequate skills to work on projects, which is impacting the industry readiness and capacity building.
Today less than 15% of Tech grads are absorbed in campus placements. An equal percentage of them are absorbed either in off campus recruitments by large IT and Technology companies or by Small and Medium Companies (SMEs). For the rest there are very few opportunities to get jobs at reasonable compensation structure.
For graduates who could not secure Campus Placement in Tier-1 companies and hired through off campus drives, the salary offered will be much less than the campus hires.
Career Acceleration programs by TechMinds:
TechMinds Career Acceleration program is aimed at helping fresh graduates who missed campus placements.
These programs offer another opportunity for the Fresh Graduates to get into their dream careers along with an attractive compensation structure. Good number of IT & ITES Companies today are looking for project deployable fresh resources in addition to the campus hiring that they do every year to bring down the cost of hiring and training substantially.
In this model the students need to undergo Technology and Behavioural trainings in line with the companies’ requirement and get placed in those companies.
TechMinds over the years has become the institution of choice for some IT Majors/MNCs for their training needs as well as for the supply of Project Ready Fresh Talent needs.
TechMinds Career Acceleration programs (Hire & Train or Hire-Train & Deploy/ HTD models) for fresh graduates, is a wonderful opportunity to get into their dream companies and catch the missed opportunity.
For more information and enrolment into one of the upcoming programs, please register at the following link.