Annual placements by academic institution, which offers both students and employers the best employment choices, is a popular recruitment tool all over the world. Its comparison to a cattle fair where animals are sold to the highest bidder is insulting. That holds even if the idea is to reduce competition and beat down salaries in a rapidly weakening market, and therefore the sort of ploy an HR honcho might come up with. Students choose employers according to their priorities, be it maximum salaries, industry, location or the brand name they fancy. That's only natural, including taking earnings as a fair, if crude, indicator of professional success. After all, if companies can look to maximise their profits, why can't business students who will bw working for those companies?
Apart from the apparent benefits that campus recruitments provide to both students and employers, they also serve broader societal goals. For instance, success in annual placements is taken as a proxy of the quality of the institution. This is important in a country like India where education standards are highly skewed and the few quality rankings available are often biased. Similarly placement drives provide academic institutions important feedback from employers on different courses and the changing needs of industry, which helps fine-tune education. Annual placements, therefore, are a good market mechanism that helps boost careers, employment choices and the quality of education.
Apart from the apparent benefits that campus recruitments provide to both students and employers, they also serve broader societal goals. For instance, success in annual placements is taken as a proxy of the quality of the institution. This is important in a country like India where education standards are highly skewed and the few quality rankings available are often biased. Similarly placement drives provide academic institutions important feedback from employers on different courses and the changing needs of industry, which helps fine-tune education. Annual placements, therefore, are a good market mechanism that helps boost careers, employment choices and the quality of education.
