Fresher hiring is always such a tricky affair for us at Team CAJobPortal.com – these youngsters back out of offers at the drop of a hat, have no loyalty factor etc. Thus we face the music – Sonia, your candidate backed out – and I always reply – Mam, the kids I gave birth to are not in my control – these are merely candidates who registered on our portal
This week, the trending news was the freshers being at the receiving end of the story. In news was Wipro’s move to cut salary offers to freshers awaiting onboarding by almost 50 per cent under one programme
The company recently reached out to candidates,who have successfully completed Velocity training programme, to whom it had earlier rolled out an offer of ₹ 6.5 lakh per annum (LPA), and asked them if an offer of ₹ 3.5 lakh in annual compensation would be acceptable to them, instead. These candidates were reportedly waiting to be onboarded.
The move was purportedly sparked by the imminent slowdown in IT globally but critics suggest that the bottom of the pyramid should have been the last one to be touched. Mr. Mohandas Pai of Arian Capital Partners calls Wipro’s pay cut measure “unfortunate” and asserts that the company “should not have done this just to save a few costs”. It is after all a 2 lac crore+ company by market cap and clocked annual profit of 12,000 cr+. The loss of reputation is higher and so the exercise isnt even worth it
Another way to look at it, like my Dad has taught, is to think of the worse – the company could have reneged on the job offers completely – the company has not laid off people
What do you think should be the best way to look at it