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Indian IT firms reject 90 percent of college graduates and 75 percent of engineers who apply for jobs because they are not good enough to be trained, according to Nasscom.
Last year Infosys hired 28,231 people, including 18,000 graduates paid Rs.3 lakh a year. This year they will hire 20,000 at Rs 3.25 lakh. Infosys is hiring though there isn't enough business. Currently, 30,000 people at Infosys are 'benched'. Why are they still hiring and raising salaries? Because they cannot find competent people and due to this reason, this year Infosys increased its training of employees to 29 weeks. That's seven months of training.
Infosys spends twice as much as its American competitors on training, four percent of revenue. Nine half-literates are produced by our colleges, by Nasscom's numbers, for every graduate of passable quality. What is Nasscom's solution to this? It wants government to boost college enrolment from 10 percent of those in secondary school, to 25 percent. Nasscom knows that this will only increase the number of job applicants, not the quality, but there's no other solution.
Can you please share the methodology adopted to arrive at these numbers, as the news is really shocking and alarming for future growth of INDIA ?
the more probable reason is that since labour is so cheap companies have a vast pool to dip into
Blindly saying Indian grads are not good enough is characteristic of holier than thou attitude of NASSCOM and other big mouths who do little more than talk ..and of course provide 'vision'
Agreed Infy spends twice on training SO WHAT?
We'd highlight that ..
what about the fact that it pays less than a tenth to the
'trained' resources who do jobs people in the west have been
doing for years..
That we are still able to pull it off should be commended
hey ppl,
i think there are two obvious sides to this.
1. the graduates are actually bad!…which to a certain extent is
true…most of our knowledge is book based..whereas we should be
more application oriented.Both engg and other grads.
We should think of how to apply what we learn.But sadly most
normal colleges dont encourage this,instead concentrating on exam
marks.There could be more project oriented work and internship
work in all college curriculae.
2. the percentage is better than what nasscom has stated. But they want to keep us feeling inferior,to the EU,US employees,so that we dont demand pays like theirs! This will keep encouraging companies to invest in India.
hey knock! knock! .i think we should n't underestimate NASSCOM and the brutal comments by the software mncs.That's all what we hav got to check in.INDIA is really into a muddy unprofessional culture nd day by day it's getting magnified.why not government and universities sit together and chalk out a better curriculae which would be atleast better on one half ,either books or tools.i thnk this would create better professional in near future.if they are still dreaming of improving the existing ones the freshers would look like a bunch of pundits who can beg ,but not work out on their own.
To teach is to learn twice.
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