Freshers Jobs News, Updates Online - The Economic Times
India's IT sector has witnessed a surge in exports and executive salaries, but entry-level engineers from non-premium colleges face stagnant starting pay, hovering around ₹3-4 lakh annually. Oversupply of graduates and declining billing rates contribute to this disparity, while companies focus on skill-based compensation and training investments. GCCs are emerging as a potential game-changer, offering higher salaries for specialized roles.
TISS Mumbai's HRM & LR batch of 2023-25 witnessed successful final placements, achieving a mean CTC of Rs 28.2 lakh and a median CTC of Rs 28 lakh. The placement season saw a rise in both mean and median CTC compared to the previous year. Aditya Birla Group emerged as the top recruiter, with several new companies joining the process.
Apna's Q1 2025 report reveals a significant decentralization of hiring in India, with Tier 2 and Tier 3 cities contributing over 40% of new users and experiencing double-digit growth in job applications. SMBs are the largest job creators across 900 cities, while enterprise hiring expands beyond metros.
Indian employers actively recruited tech talent and freshers in Q1, with 82% of companies hiring for roles in data analytics, AI/ML, cybersecurity, and software development, and overall hiring rose 3% sequentially, according to Indeed's survey, with fresh graduates comprising 53% of new hires.
India's Global Capability Centres (GCCs) are poised for substantial growth, projected to reach a workforce of 3 million by 2030. This expansion is expected to generate approximately 400,000 jobs for freshers by 2030 and drive a 3-5% improvement in gender diversity.
A new report indicates that over 74% of Indian employers plan to hire freshers in the first half of 2025, with AI-related roles leading the demand. E-commerce, technology start-ups, and manufacturing sectors also show strong hiring intent. Bangalore, Mumbai, and Chennai are identified as key employment hubs, seeking talent in areas like robotic process automation and network security.
Startups founded by IIT alumni in India have secured a significant portion of funding over the past decade, attracting nearly half of the total equity investment due to their strong technical skills, alumni networks, and perceived lower risk.
In its letter written to the electric ride-hailing company, it has sought immediate compensation equivalent to three months’ income to all affected drivers following the abrupt suspension of operations by the Gurgaon-based company. This, it said, will ensure financial stability to its platform workers during this period of uncertainty.
IIT Delhi's undergraduate students from the Class of 2025 have already surpassed previous placement records, securing over 850 unique job offers. Major recruiters like Google, Microsoft, and PSUs actively participated, with international offers spanning across multiple countries. A significant portion of the 2024 batch opted for alternative career paths, a trend expected to continue.
Tata Consultancy Services promoted over 1.1 lakh employees in FY25 to manage growth and address attrition, even while postponing annual increments. The company plans to hire approximately 42,000 trainees in FY26, mirroring the previous year's intake. These employee-related cost interventions, primarily promotions and merit-based advances, impacted the firm's financials by nearly 100 basis points.
Placement prospects for the Class of 2025 at older IITs face challenges after an initial surge. Despite a promising start, overall placements are expected to see only a marginal increase compared to last year. Factors such as a slowdown in the core and analytics sectors and US market downturn have impacted hiring trends.
Despite global economic uncertainties, India's job market remains robust, fueled by its skilled workforce and cost-effectiveness, according to Michael Page India. Demand is surging for tech professionals, particularly in AI, cybersecurity, and digital transformation, as companies expand their Global Capability Centers.
Switching jobs may seem like a quick route to career growth, but staying in a role with growth opportunities, competitive compensation, job satisfaction, and a healthy work-life balance could be more beneficial. Carefully consider these factors before making a move to ensure long-term career success.
To stand out on LinkedIn, freshers should optimize their headlines and summaries, showcasing skills, projects, and certifications. Keeping education and experience up to date, as well as actively engaging in networking, can significantly enhance their visibility to recruiters and increase job opportunities.
Freshers should dispel myths such as believing their first job defines their entire career, frequent job changes hurt growth, more degrees guarantee faster advancement, and hard work alone leads to promotions. Instead, focus on gaining experience, building a network, and developing industry-relevant skills. Adaptability, strategic moves, and demonstrating leadership are vital for career success.
Job interviews are key for freshers, but asking the wrong questions can hurt their chances. Avoid asking what the company does, salary details too soon, leave policies early, or how work hours are monitored. Instead, research the company, show enthusiasm for growth, and frame questions professionally to demonstrate preparedness, commitment, and interest in the role.
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