Pre-placement offers (PPOs) to students at the Indian Institutes of Technology have scaled a record high this year. According to a report by Times of India, the number of offers at some IITs has already shot up about a third than that a year ago.
Companies offer pre-placement offers to deserving candidates to ensure that they do not miss out on talent during final placements. It’s a win-win situation since students get into their dream companies without competing in the hectic placement season.
IIT-BHU in Varanasi has already registered more than 32% jump in the number of PPOs to 94 from 71 in the whole of last year. At IIT Roorkee, the number of PPOs has seen a 27% increase to 108 so far, from 85 a year ago.
IIT Kharagpur has so far received 170 PPOs, close to what it received in the entire last year. The institute is confident of crossing at least 200 this year.
As per a ‘Salary and Employment Outlook’ by Michael Page, India’s employment market has remained largely unaffected by the global economic slowdown and 60% of employers plan to increase headcount in 2017.