Monday, March 4, 2024
Monday, March 4, 2024
HomeBusinessWithout Java, Oracle or AWS? Sorry, next student please.

Without Java, Oracle or AWS? Sorry, next student please.

Tata Consultancy Services Ltd (TCS), based in Mumbai, and Cognizant Technology Solutions Corp., based in Teaneck, US, will prefer to hire only those certified in Amazon Web Services (AWS), Oracle, Java and, among others. others, said placement executives at engineering colleges.

The measure, aimed at reducing training time and costs, will be a hard blow for many applicants, given that not all universities have students who opt for these subjects.

The colleges said the decision by TCS and Cognizant reduces the number of students who can take up placements. With only three big IT companies hiring from campus this year (HCL Technologies Ltd being the third), students also have no choice.

“TCS is hiring for three positions with salaries of $3.5 lakh, $7 lakh and $10 lakh. While earlier all students interested in the company were allowed to apply, this time preference will be given to students who are certified in AWS, Oracle, Java, etc.,” said the placement head of a top school Tamil Nadu-based engineering college with more than 5,000 students graduating this year.

Cognizant, which offers $6.5 lakh onwards, is also looking at similar skill sets; More than 1,000 students will apply for the two companies, the internship director added.

Compensation varies depending on the profiles and the above are part of the mass hiring roles. The roles offered to an Indian Institute of Technology graduate will be different and come with higher compensation.

So far, TCS, HCL and Cognizant have said they will head to campuses, while rivals Infosys and Wipro had earlier said they would not. HCL has said it will continue hiring as planned, but TCS is scaling back on-campus hiring plans.

Emails sent to Cognizant and HCL have not received a response as of this writing.

A TCS spokesperson said, “There is no change in our campus recruitment process or approach from previous years. “As always, we seek the best available talent based on our business needs and continue our investments in their training and implementation on client projects.”

“HCL Tech will continue to hire to meet the 5.5% growth forecast,” the company’s chief executive officer (CEO) C. Vijayakumar had said in an earlier interview. “We will see the hiring momentum continue into the fourth quarter and beyond.”

K. Krithivasan, CEO of TCS, said in an interview in January that the company was doubling down on campus hiring. “Last year we hired about 40,000 people. This year we will start with a smaller number. But we will see how it develops depending on the demand situation.”

This is where additional certifications help; Many applicants are eliminated if they do not have these ‘stamps’. “If there is a vacancy and two candidates apply for the position, companies will choose the one who is more qualified,” said Savitha Rani M., training and placement officer at Ramaiah Institute of Technology in Bengaluru.

“Certification numbers are also an important criterion in hiring. Those are factors that clients of IT companies take into account,” explained Apurva Prasad, vice president of institutional research at HDFC Securities. “What we are effectively doing is that by having your employees certified, your talent pool is ready to be implemented in projects faster.”

Meanwhile, global capability centers or GCCs of multinational companies have recruited large numbers of students from engineering colleges. That has narrowed the pool available to large IT services companies.

At another university in Bengaluru, both TCS and Cognizant are late to the hiring party, even though they are recruiting for salaries of approx. $9 lakh. “Most of the students are placed in GCC and 125 applied for these two companies,” said their placement officer.

According to industry observers, such filtering helps TCS and Cognizant increase utilization rates and prepare incoming batches for the customer and deploy them to projects. The utilization rate refers to the proportion of staff actively participating in ongoing projects, while the bench is made up of employees who have not yet been deployed on a project.

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