Most of the job seekers have become cautious while accepting offers from startups. Experts say that job seekers feel that startups present a substantial risk to their long-term goals. Indian Institute of Technology, Bombay has already blacklisted nine startups which made the job seekers to become more cautious before accepting offers from them. Nowadays most of the aspirants are trying to achieve long-term goals and planning their career in a perfect way.
IIT Bombay has blacklisted the nine companies for one year. These companies did not provide genuine employment opportunities to the students. On the other hand, most of these companies revoked the job offers.
Director of Michael’s Page, Mr. Ankit Agarwala said that most of the startups are focusing on critical or essential roles which would directly contribute to the productivity of the organisation. This year, there is a strategic move from firms to hire mainly for the major roles instead of undergoing large-scale expansion.
He mentioned that the startups have to work consistently to attract talent and convince the senior and high-potential candidates to come on board.
Assistant Vice President of Team Lease, Mr. Sudeep Sen was of the opinion that startups would be cautious to hire, and incumbents conduct doing deeper scrutiny in the coming years.
Sunil Goel, Managing Director of Global Hunt, said that most of the top institutes aim to give a good start to their students in context to employment opportunities. The institutes are not only thinking about the packages but also the sustainability of job and assurance. The ban by IIT Bombay will have 15-20% impact on other premier institutes inviting such companies into campuses.
He also mentioned that some of the students are still excited about the startups as they can gain multi-activity experience in a very short time.