According to Survey and reports by BridgeLabz, around one-third of engineering grads from India are worried about their timely placements. The survey was conducted over 1000 grads hailing from different engineering disciplines.
Only 24% of engineers are confident of getting placed with the desired package with their existing skillset, said by IP-driven company incubation lab BridgeLabz Solutions. Rest 76% of the engineers don’t have any job in their hands.
With the pandemic and the economic slowdown, many organizations have either halted the hiring process or are laying off many experienced and skillful employees. The survey shows that only 26.96% of the respondents are confident of getting placed with the desired pay package with their existing skillset.
It’s noteworthy that although the majority of students admitted to having an active placement cell on campus, only a few more than one-fifth of respondents have been able to receive a job through them.
“Looking at the current situation, there is a need for a stronger skill set that not only ensures a job seeker has an edge in the impending competitive employment market but also gets the desired pay package that is worth their efforts,” Narayan Mahadevan, CEO, BridgeLabz, said in a statement.
“This survey has brought to fore many thought points. Firstly, not all engineering candidates have a provision of campus placement in their colleges. Secondly, even access to such provisions could not guarantee a job,” Mahadevan said.
This could be especially due to the unprecedented pause in hiring process led by the current economic slowdown. And, last but not least, there is no confidence amongst the job seekers if they will get a job with the desired remunerations shortly,” he added.