The number of companies visiting is down from 86 last year to 67 in 2013 at the time of writing (placements are currently underway). Batch sizes have reduced drastically at its Oneida campus this year, with 365 students placed so far in a batch size of 459, compared to 1,032 being placed in a batch size of 1,160 last year. “Some companies have delayed the Joining dates of students who passed out last year and they are still waiting to be placed,” says Lay Ran, director, Amity Technical Placement centre. “We can expect Joining dates of students who passed out this year to be deferred by a minimum of six months. … Trickle Down This muddled equation is now showing signs of social and economic strain across the country. Frustrated engineers are taking Jobs for which they are overqualified and, therefore, underpaid. A few exceptions have even turned to crime. According to media reports, Machinate Reedy, a civil engineer, turned to chain snatching in Thane, a suburb of Iambi, to support his young family. While he used some money to buy a small flat in peripheral Iambi, his failure to net a job drove him to crime, he told the police when caught.
Like him, another engineer in Arranged turned to car lifting as a route to easy money. “The social aspect of this massive under- employment and unemployment will soon be witnessed,” warns Paprika Kumar, HER chief of Wiper and chief executive of its infrastructure engineering unit. Hiring Is slowing down because recruiters are changing their strategy. “An engineering degree chairman of Tamales, a temp staffing firm. “The world of work is evolving… Employers increasingly don’t care what you know, they focus on what you can do with that knowledge. While dozens of new institutes have been established in the past six or eight years, he claims that over a third of them are empty and perhaps they are “worth more dead (for the real estate they sit on) than alive. ” A global economic slowdown may have only worsened what is already a bad problem, say others such s Omit Banal, co-founder of Purple Leap, a skills assessment firm, which routinely gauges the capabilities of students across these institutes. “Even without this slowdown, there are a large number of students who wont get a Job,” he says.
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