Shout out to IIT and NITians! Coal India is going big on hiring

Shout out to IIT and NITians! Coal India is going big on hiringIf you are focussing on startups only, well, you need some change in perspective. Coal India is going to hire 4,500 fresh graduates from IITs and NITs in next three years.

Coal India is going big on recruitment starting next month and will hire an additional 40,000 workmen at the same time.

"We will recruit management officials from campuses - mostly from IITs and NITs. Requirement for the year is about 1,000 and 3,500 over the next three years," R Mohan Das, the director-personal at Coal India, told ET.

Reportedly, more than 40,000 workmen are retiring and by 2017-18, more 15,000 will retire, which will result in decline in production, etc.
The total number of employees is around 3.2 lakh of which around 19,000 are officers.

Considering a reasonable rate of inflation, total cost of coal production, as a result, is also expected to fall by at least 10% and per-person productivity per shift is expected to rise to at least 9 tonne from 4.5 tonne now.

At present, the single largest component in the cost of production of coal at Coal India is wages and salaries. It was about 43-44% some time back, but has increased to 50% after the recent increase in wages.

"Following retirement of a large chunk of workmen, CIL will strive for greater mechanisation and increased outsourcing of coal production. This is expected to increase productivity massively," a CIL director told ET.