Flipkart-IIM fallout: IITs plan safety net for students as startups go back on their promised job offers
Advertisement
As a result of the fallout of IIM Ahmedabad- Flipkart controversy, IITs have now built a safety net for their students against startups going back on their promises. Several have refused to pay the compensation they had promised to freshers.
To guard students, the institution is allowing all those affected to re-register for placements.
Meanwhile with Flipkart deferring the joining dates of 18 graduates of the Indian Institute of Management-Ahmedabad (IIM-A) by six months, the premier business school too is set to draft new guidelines for placements to avoid such episodes in the future.
"We want to send a strong message to recruiters that they should define their recruitment policy appropriately before they go to campuses," Asha Kaul , chairperson of IIM-A's placement committee, said on Friday.
"I had a telecon with them (Flipkart). We tried to explain our points, they tried to explain their points. However, there was no progress," she further said, adding that the company may have its own constraints and they would like to continue with the same compensation or bonus, however, it's up to the students to decide whether they want to wait and join Flipkart.
Advertisement
To guard students, the institution is allowing all those affected to re-register for placements.
Meanwhile with Flipkart deferring the joining dates of 18 graduates of the Indian Institute of Management-Ahmedabad (IIM-A) by six months, the premier business school too is set to draft new guidelines for placements to avoid such episodes in the future.
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
"I had a telecon with them (Flipkart). We tried to explain our points, they tried to explain their points. However, there was no progress," she further said, adding that the company may have its own constraints and they would like to continue with the same compensation or bonus, however, it's up to the students to decide whether they want to wait and join Flipkart.
Advertisement
Advertisement
- I spent 2 weeks in India. A highlight was visiting a small mountain town so beautiful it didn't seem real.
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- Indian Railways to break record with 9,111 trips to meet travel demand this summer, nearly 3,000 more than in 2023
- India's exports to China, UAE, Russia, Singapore rose in 2023-24
- A case for investing in Government securities
- Top places to visit in Auli in 2024
- Sustainable Transportation Alternatives