Indian startups have become a campus recruitment constant, but they seem to be playing a bigger role in job offers as more established firms deal with Covid fallout.
New Delhi: Homegrown startups are coming to the rescue of students from IITs and other premier engineering institutes who have been affected by withdrawals of job offers in light of the Covid-19 lockdown and its economic fallout.
Since the lockdown began late March, there have been reports of established players, including foreign ones, withdrawing job offers to students of premier colleges like the Indian Institutes of Technology (IITs) and the Indian Institutes of Management (IIMs).
But ThePrint has learnt from several Indian institutes, students and startups that newer firms are helping fill the void.
While startups are now a constant in campus placement seasons, the withdrawal of job offers is said to be helping them recruit talent that may otherwise have been snapped up by bigger players. Meanwhile, among students, startups present a fresh opportunity in a job market that currently seems beset with uncertainty.
Insiders say the pay on offer is good too, with some startups offering up to Rs 12 lakh-Rs 20 lakh for freshers annually.
Source: ThePrint
