Unstop, a talent discovery and hiring platform for students and graduates, has released Unstop Talent Report 2024. Here’s all you need to know about the report.
New Delhi: Have you ever wondered about the chances of securing a job? Also, what factors affect the hiring of a college student and what are the aspects that can negatively impact the candidature of a student? Here is a report that will answer most of your questions. In addition to this, the reports also walk us through the views of employees and other critical issues that a student can face in post-education employment.
In a significant development towards the education and awareness of students in the field of post-education employment, Unstop, a talent discovery and hiring platform for students and graduates, has released its annual Unstop Talent Report 2024. The report shares significant insights and trends about the hiring and talent scenario in India.
The significant findings are based on responses gathered from an extensive survey involving more than 11,000 students, university partners, and human resource practitioners across the nation. Moreover, the report also gathered additional insights through conversations with HR leaders, who shared their views on employee desires and other critical issues in the post-education employment of students.
Critical Inferences On Hiring Of Students
The report says that a high majority (81%) of HR professionals have agreed that their organisations are actively hiring, thus highlighting the robust demand for talent across industries. Interestingly, 88% of HR practitioners expressed a strong preference for skill-based hiring, prioritizing candidates’ abilities over other factors such as past experience, academics, references, internships, and projects.
Important Facts On Current Trends In Hiring
- Enduring pay gap: In Arts, Science & Commerce, the most common offer for men was INR 6–10 LPA and for women, it was 2–5 LPA.
- Engaging with talent: 38% of HRs chose social media campaigns for brand awareness, while 77% of students prefer engaging via competitions.
- Right skill set: Over 88% of HR’s prefer skills over experience, academics, or references. Students echo the sentiment.
The report also talks about the college/university landscape that impacts the post-study employment of students. It has revealed a drop from the previous year to 10% of students interested in working for startups, with 45% of B-school students preferring established and legacy firms. In comparison, 52% of engineering students expressed openness to working with any company. Further, marketing emerged as the top preferred domain for B-school students, while finance and analytics topped the list for arts and science students.
Surprising Placement Data On E-Schools
In e-schools, most men and women received the same average offer, but there was a stark difference among arts and science students. Here, most of the men received an offer of INR 6–10 LPA. Comparatively, most women received an offer of INR 2–5 LPA—half of the offer bagged by male students. On the other hand, in B-school, 55% of men received an offer of over INR 16 LPA, but only 45% of women received an offer above INR 16 LPA.
