This was primarily led by IT cos. (CA, Dassualt, HCL, IBM, NIIT, Oracle, Wipro, Virtuasa, Tech Mahindra, Zensar, Mindtree...), Real estate (CBRE, DLF, Hines, Lodha..) media and some finance cos as well.
People are negotiating hard for the specific roles and salary they are expecting. Most companies are opening up their jobs.. (allowing walk-ins). About 90% of the batch should have at least one offer by now (this is just my estimate..). However, quite a few are still shopping for better deals (you are out of placements, only when you have two offers).
Crisis of confidence has clearly set in amongst those who haven't made it still. Many of them are falling in the vicious circle... “no job still - poor confidence - bad performance during interview”.. Some of the married ones are the most affected. Their woes are multiplied by the anxiety shown by the spouses, especially when the spouses start comparing the salaries of their counterparts amongst themselves..
It is important that they take some time out for themselves, build up confidence and then attend the future interviews. Remember, all of us had jobs earlier and our career should have at least been above average, else we would have never found our places in ISB.
I am beginning to get the notorious title of the one who is rejecting the most number of offers. I have rejected 6 till now (1 Commercial bank, 3 I-Banks, 1 Real Estate and 1 consulting). The point is, its not just money . If the company is not even able to appreciate the work you have done in past and give you a commensurate grade/ role, then why join them with a negative frame of mind... and yes, money does play an important role. No one works for charity..
Here is a question i want to pose to the HR clan. There are 2 candidates competing for a role. One has quoted a price of Rs. 11 lakhs and the other Rs. 20 lakhs. Which one do you choose?
We all know the theoretical answer i.e choose the one who brings in the maximum value (NPV in other words)... but the actual action taken by most HR people does not reflect their understanding of this concept. Most HR people seem to think they save 9 lakhs for the company by choosing person 1. Little do they realize that they might have actually lost may be 9 crores in potential profits by choosing the wrong person.
This example is little simplistic. Purposely so. Dont lose the main point, by trying to find flaws in the argument. The crux is, invest time in finding the right person and the right fit. Not in haggling for a few couple of lakhs..
