oppn parties Do Not Let Startups and Ecommerce Firms Play With Students' Careers

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  • Last date for filing Income Tax returns by salaried employees extended to August 31
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  • Prohibitory orders clamped in Bengaluru. Wine shops, pubs, bars and restaurants ordered closed for the next 48 hours
  • Congress still trying to avoid the floor test in Karnataka
  • 75 percent of the jobs in all private sector firms to be reserved for locals in Andhra Pradesh
  • Supreme Court will hear the petition of two independent MLAs seeking a direction to the Karnataka Speaker to hold the trust vote "forthwith"
  • Congress-JD(S) and a partisan Speaker push the Karnataka trust vote to Tuesday
  • Panel submits draft legislation to the government to criminalize mining, investing and trading of crypto-currencies
  • Government panel suggest a ban on crypto-currencies
  • Lok Sabha passes RTI Act amendment bill amid protests by the Opposition
  • Jasprit Bumrah rested for ODIs and T20s
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  • Rohit Sharma included in Test team too while Wriddhiman Saha makes a comeback after injury
  • Virat Kohli retained as captain across formats for the West Indies tour
  • MS Dhoni decides to take a two-month break, will skip West Indies tour but will not retire
Congress-JD(S) government loses trust vote in Karnataka. BJP might stake claim to form the government
oppn parties
Do Not Let Startups and Ecommerce Firms Play With Students' Careers

By Sunil Garodia

About the Author

Sunil Garodia Editor-in-Chief of indiacommentary.com. Current Affairs analyst and political commentator. Writes for a number of publications.
Students in their last semester are full of dreams. The ones with an entrepreneurial bent of mind are occupied with fine tuning their projects and business models. The ones who wish to join a corporate prepare for interviews to get a job and fulfill all that they had promised themselves and what their family, relatives and friends expect from them. In that sense, campus placements have a huge place in the psyche of these students. If these placements are at premier institutions like the IIT’s & the IIM’s, the buzz is all-pervading and the pressure unbearable. Just think then what happens when the companies who give them appointment letters renege on their offers. This is what is happening for the last two years when several startups and ecommerce firms had fully or partially reneged on offers made to students during campus placements, after first enticing them with fancy salaries. Rather like “dhobi ka gadha, na ghar ka na ghat ka” these students were left high and dry as most other companies had fulfilled their requirements of students matching their profile at campus placements. No good jobs were forthcoming and these students faced very tough times. Those who had taken educational loans (and a majority were in that category) faced additional pressure.

Hence, the IIT’s have decided to bar nearly 20 startups and ecommerce firms from attending campus placements this year. At the All-IIT’s Placement Committee meeting to discuss placements for 2017, those firms that flouted placement rules in the preceding years were placed under three categories – those who deferred the joining date, those who reduced emoluments or changed job profiles and those who completely withdrew offers. Companies in the last category will be completely banned (with restaurant review and food order firm Zomato being banned for the second successive year), while firms in the other two categories will be issued warning letters. Indian ecommerce poster boy Flipkart will also receive a warning letter for deferring offers last year.

While this is in perfect order, the placement committee should also keep a watch over companies that are frequently laying off employees on one pretext or other although the need arises mostly due to their own mismanagement and faulty business models. These companies did not adhere to prudent hiring policies and took in more than required. Now they are shedding flab to cut costs. But this has an adverse impact on student careers and the placement cells of all institutes should monitor such activities in companies that hire in their campus placements. It is often seen that these companies suddenly raise the performance bar required of employees in order to force them to leave or dismiss them. This is an unethical HR practice and should be monitored by placement cells.

Students who join a company after rigorous study and internship in institutes such as IIT’s and IIM’s are job ready. Till the startups and ecommerce firms vitiated the atmosphere in the last few years, the placement cells had been working with clockwork precision over the years, with only the stray hiccup. But now all kinds of excuses are being indulged into by these companies to spoil students’ careers. The stand taken by the IIT’s should be replicated in all institutes where these companies go for hiring. Only then will they resort to healthy HR practices and refrain from playing truant with students’ careers.