Recent graduates challenges

  1. Reduced participation of corporations in campus recruitment

    Numerous students, like computer science graduate Archit Sharma, are reporting fewer corporations taking part in campus placements than in prior years. Freshmen are experiencing anxiety because of this reduction in opportunities since they are concerned about finding work.

  2. Uneven effects on various universities

    Colleges in tier 2 and tier 3 cities are facing a tougher reality, whereas esteemed schools such as the IITs have had a great placement season. Jivika Agnihotri, a Bhopal graduate in electrical engineering, emphasizes how little prospects exist in her field in comparison to other specialties.

  3. Data illustrates the decline

    Industry data indicates that recruiting for key tech positions has significantly decreased. Recruitment of recent graduates has decreased by 25–30% this year, according to Spectrum Talent Management. Businesses are becoming more hesitant to hire new staff members as a result of the state of the world economy.

  4. Obstacles extending beyond a lack of jobs

    Graduates have challenges that go beyond a dearth of available jobs. Recent engineering graduate Ananth Nageshwaram draws attention to the problem of smaller compensation packages and longer onboarding times for those who do accept offers.

  5. Experts forecast a difficult year

    Experts estimate that total hiring will decrease in fiscal year 2024. The impact of this decline on recent graduates entering the workforce will be significant. The wider economic slowdown is reflected in the dropping revenue and personnel reductions reported by IT behemoths like Wipro and Infosys.

  6. Changing requirements for skills

    Because employers are looking for workers with certain skill sets, the labor market is likewise becoming more competitive. In the present recruiting environment, graduates without these particular abilities—like the coding talents Sharma mentioned—may fall behind.