What is placement?
Placement is campus recruitment and large corporates directly resort to it. In India corporate recruiters visit and select/recruit candidates from IIMs, IITs, and a few selected institutes.
The recruitment process can be essentially categorized into four steps: (1) Prescreening (2) On campus interview (3) On site interview and (4) intimation of offer / rejection. Companies spend significant amount of time and money on their own campus recruiting efforts, which may include holding presentations and introducing students to the company among other things. While the recruitment process is the responsibility of company’s human resource department it is generally overseen by the senior management. Hence the importance of this process cannot be understated.
On campus interview
Many a times, the recruiters themselves invite students either telephonically through email or via letters. The recruiters representing the company are generally either alumni of the university human resource departing employees and /or employees of the specific profit center / department seeking to recruit students.
The primary intent of the on campus interview is to assess the individual. In some cases, the interviews are held to judge the technical competence of the individual while in others it is to assess whether the student will fit into the company’s environment. Generally the interviews last for not more than thirty minutes.
There is no specific questionnaire that students can use to prepare for the interview. However, students can visit the numerous sites that list typical questions to prepare themselves. The questions that surface repeatedly in interviews include career related questions and / or resume related questions. Students should also be well read about the recruiter’s business activities product offerings its mission statement and position in the market place.
An interview is not only about answering the questions succinctly and effectively. Presentation is equally important. Recruiters also assess a student’s body language command over the English language, confidence and poise. These are intangibles which can make or break a call back. Based on the performance on the on campus interviews selected students are invited for a subsequent round of interviews at the company’s offices. Generally, speaking not more than 50 per cent of the students interviewed on campus will be called back. During the on site interviews students meet a few representative of the company. Some representatives are potential colleagues and superiors of the individual in case he/she does get selected and joins the institution while others are from the human resource department.
The purpose of the on-site interview is two fold. From a student’s perspective it gives the student an idea of the firm’s culture, environment and values. It is an opportunity for the student to ask questions regarding responsibilities, upward mobility as well as clear other doubts. Equally important is that it allows the company to evaluate whether the student has the technical competence and can seamlessly integrate with fellow peers.
In some cases students may receive offers during the onsite interview while in others it may be a few days later. Some companies also conduct background checks prior to issuing offers.
Given a choice students should evaluate their offers not only on the basis of compensation but also the recruiter’s recognition in the market place, responsibilities; potential for promotions and work culture among others things.
With an increasingly fast paced corporate environment, it has become difficult to recruit quality talent in a company’s fold. It is here where the placement agencies step in, to play the role of a middleman between the job seekers and the organization, to ensure that both involved benefit from the transaction. The agency provides insight into the skills being hired across industries, offers opportunities in the best companies, provides coaching on soft skills and provides in-depth knowledge about the company, role and the future prospects in the role.
It is important that when an individual is considered for a certain position, he be absolutely moulded as per the requirement of that position. On several occasions, the corporate world has received applications from individuals who may not suit the job profile and requirements. This is a technicality that placement agencies help resolve. One of the major benefits of going through a placement agency is that they make sure that the job that is applied for or being considered is the one that best suits your qualification and interests.
The existence of placement agencies in the recruitment industry has given a new hope to both recruiters as well as job seekers. Placement agency is a term that was coined for the agencies that kept in mind the requirements of both, the companies and the employees, thereby assisting them to connect.
The services offered by these agencies are designed to meet the expectations and requirements of the company and the employee by providing them an eligible candidate and a desired job. Experiencing growth at an accelerated pace, the agency provides a platform to the job seekers a employers and helps them meet and bridge the demand supply gap.
Thus, while approaching the market through a placement agency has its advantages. Approaching the market with the guidance of a placement company is helpful as they help bridge the gap between the job seeking candidates and the recruiters by providing countable services in the recruitment industry. The agencies possess domain specialization, and have a robust understanding of the market. They are not just helpful in matching the company’s requirements for a particular vacancy with the candidate’s profile but also help in briefing the job role, qualification eligibility, salary compensation and other relevant details that saves a lot of time and money for both parties. But it is vital that a job seeker is well aware of who they are approaching to avoid any negative ramifications.
A professional agency would only find the right job for the candidate, and the right candidate for the client.
Most important value addition is the counselling the consultants can give.
- A credible agency gauges potential suitability of a candidate for a particular job role.
- It handles the responsibilities of the project along with a clear understanding of the terms of employment.
- Maintains follow-ups with the candidate in regard to their progress in the hiring process and helps in coordination with the candidates even after placement.
- Brief the candidates about the company and its requirements.
- Make the task easier by clearing the subsidiary doubts.