TCS, Cognizant, Capgemini and other top giants who are not letting go of their new hires

TCS, Cognizant, Capgemini and other top giants who are not letting go of their new hires

  • While a lot of companies are doling out pink slips, there are a few that are keeping their promises to new campus hires.
  • IT giants like TCS, Capgemini, Google, Accenture and Wipro said that they will honour all their employment offers.
  • Hindustan Unilever (HUL), Biocon, Bain & Company, PepsiCo and Boston Consulting Group will also bring new recruits onboard.
  • A selected few companies are onboarding new hires virtually. “We will go ahead and deliver a 100% signature HUL experience virtually. Projects which required extensive fieldwork were tweaked slightly,” Anuradha Razdan, executive director (HR), HUL told TOI.
While a lot of companies are doling out pink slips to employees or cutting salaries, there are a select few that are keeping their promises to new campus hires even in difficult times.

In this thin list are IT giants like TCS, Capgemini, Google, Accenture and Wipro who said that they will honour all the job offers rolled out earlier. TCS and Wipro are hiring over 40,000 graduates this financial year while Cognizant and Capgemini committed to bring all new hires onboard.

According to a TOI report, Google is also bringing its fresh recruits onboard. It usually hires nearly 60 campus graduates every year in India.
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In February 2020, Cognizant announced that it will hire 20,000 ‘digitally ready’ freshers at an increased compensation of ₹400,000 per annum. But, given the current situation, the onboarding dates may vary because of the extended lockdown and completion of the academic programme. However, the promised ‘hike’ might be missing.

Capgemini, on the other hand, rolled out over 4,000 offers to lateral hires and offered 2,000 freshers in the quarter ending March. The tech giant is now planning to absorb all of them, the company told the Times of India.

IIT freshers are not immune to Corona impact
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Even at the elite IITs, several companies postponed the joining dates, slashed salaries and are even considering revoking the job offers rolled out earlier. The institutes are now planning to conduct a second placement drive for those impacted by the withdrawals.

Appealing to the recruiters, V Ramgopal Rao, director at the Indian Institute of Technology (IIT) Delhi said “These students are capable of getting you out of recession faster than you can imagine.”

HUL, Biocon, Bain, Pepsi and BCG aim a stronger comeback

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Other than the IT giants, companies such as Hindustan Unilever (HUL), Biocon, Bain & Company, PepsiCo and Boston Consulting Group are also hiring to come back stronger as the lockdown lifts.

A selected few companies are onboarding new hires virtually. HUL already hired over 100 interns from the country’s top B-schools including Indian Institutes of Management (IIMs) and Narsee Monjee Institute of Management. “We said we will go ahead and deliver a 100% signature HUL experience virtually. Projects which required extensive fieldwork were tweaked slightly,” Anuradha Razdan, executive director (HR), HUL said.

Biocon will also onboard all its 250 new recruits.

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Megha Chawla, partner at Bain & Company, told TOI that there won’t be an impact on campus hires as she anticipates a ‘solid bounce back’ once the lockdown is lifted.

See also:
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