When graduates continue to wait...
We may have read, seen and heard so many good things which have happened in India over the past two years. One might actually feel that things are so robust! But at the ground level, the goodness is yet to percolate.
The recent employment fiasco at Flipkart left everyone shocked. The company, which had hired 10 IIM Ahmedabad students suddenly announced that it was deferring the joining date by six months. The students were to join on 23rd May and the Flipkart announced this on 20th May. It said the organizational restructuring was the reason. After a lot of hue and cry was raised, Flipkart announced that it would double the joining bonus to Rs.3 lakh from the earlier promised Rs.1.5 lakh.
We thought this was a one-off event. But then came the news that L&T Infotech too has not deferred but withdrawn the offer letters it had given to some 1500 students based in South India. The company said that it was withdrawing the offer due to poor performance of the students. But then did they no assess then before giving the offer letter? And they were yet to join, so how did they get to know about their performance? Or is that an excuse to cover up the real truth – all is not well in the company?
These maybe two incidents but there is now fear lurking in most students heart – will their company also withdraw the offer letter or announce joining deferment? Maybe these two companies will embolden others to do the same? And that is what raises questions about the ground reality – are things hunky dory in India Inc?