Coal India, seems to be on a massive hiring spree. The company had since long had an embargo on recruitment and promotions in the executive cadre. Since 2010, the company had been witnessing depletion in its manpower following retirement.
Alarmed by the loss of executives, the coal major entered the employment market in mid-2011. This fiscal, the company has recruited 1,500 young engineers and MBAs as ‘management trainees’ beginning mid-2011.
But that is just the beginning. According to Mr R. Mohan Das, director (personnel and industrial relations), recruitment in the executive cadre should be stepped up during next four to five years.
“We are aiming for 1,000 campuses recruitments from Indian Institute of Technology and National Institute of Technology in 2012-13. Another 1,000 trainees would be added through open advertisements,” he said, adding that the recruitments were set to move up in tandem with future expansion.
Source: The Hindu Business Line
Coal India’s past experience with campus hiring from premium schools:
In 2009, a year before it went public, Coal India Limited started recruiting from an unusual catchment area. The public sector behemoth, the monopoly producer of coal in India, picked up management trainees from business and law schools as well as from cream of India’s engineering colleges, the IITs and National Institutes of Technology (NIT). But two years later, many of the recruits have had enough and are ready to move on.
It seems that the graduates from premium schools could not align with the expectations and the possibilities of exploring a long term career with CIL.
“The attrition among recruits from IIT and IIMs has been high, almost 30-40% in the past few years. They were recruited from campuses and were promised a fat pay package. However, they quit because actual job prospects, working conditions and pay structure did not match the promise,” Shukdeo Narayan, president of CMOAI said.
Source: ET