The IT industry is experiencing a shortage of job-ready engineers. Despite abundant possibilities
If we go and talk to any small or big IT companies, one of the biggest challenges they are facing is a shortage of affordable graduate engineers. Most of these companies are willing to hire a graduate engineer if he is skilled and affordable, or if he is not skilled but has the willingness to learn and stay longer if skills are provided.
Most of the time, we hear that there are many people looking for work. But that was not correct. Many companies, at various times of the year, are desperate for qualified candidates. And many times, they are looking for basic skills rather than great ones. It is the industry that is hungry to give jobs to candidates, not the candidate himself.
There are many companies that are coming to campus drives, and many more are ready to come provided there is a chance that they can get skilled or sticky manpower.
Whenever an IT company, or for that matter, any engineering company, goes to campuses or advertises for vacancies, there are many people who want to apply for the job.
But if we ask any graduate engineer, they say it is very difficult to get a job and there is fierce competition. That’s the impression you get when 500 people show up for a campus drive and only a dozen or so are chosen at the end of the day.
Some of the reasons why this is happening are
Uneven Job Market
There are three different types of companies that recruit fresh engineering graduates.
1. Core Engineering Product Development Firms
These are very high-end companies that have huge cash reserves and typically come from other countries. They pay salaries that start at Rs. 6 lakhs per year and can reach Rs. 24 lakhs. These companies typically hire from prestigious A-class engineering colleges like IITs and NITs, and sometimes from other colleges too.
2. Large, well-known service firms
Many of these large IT service providers, such as Wipro, Infosys, and TCS, offer competitive annual salaries ranging between 1.8 lakhs and 4.8 lakhs. They hire in bulk, depending on the season.
3. Small and medium firms
These firms used to hire in small numbers, but because of the high number of small and medium businesses, they used to absorb a significant number of graduates. These companies, on the other hand, pay anywhere between nothing and 2.4 lakhs per year. Since they are small and medium businesses, they only pay after you acquire the skill, not to train you for it. The salaries in these companies typically rise only based on the skills and results that you bring.
There are more jobs in category three, and they never expect you to have solid hard skills, but they definitely expect a good attitude to work as well as stickiness to stay in the job so that they can get their return on investment for making you learn the skill.
The candidate’s quality is a fundamental attitude towards education and work, not the skills that they seek. However, a good understanding of any technology is an add-on. However, they do not want to become a training center that pays the candidate. Henceforth, they stopped taking fresh graduates if they did not give a commitment. I think nowadays even companies like Infosys and Wipro insist on commitment through bonds.
If a recent engineering graduate and their parents understand the skill gap, it is likely that an increasing number of engineering graduates will be able to enter the IT job market.
The only way an engineering graduate can get a job is to learn the hard skills and soft skills the hard way and enter the market.
SimpleSkills provides six months of intensive, full-time job-ready skills for graduates who are aiming to get their first job. SimpleSkills programs are delivered in a real-world IT delivery environment, as opposed to a traditional training institute.