Recruiter conclave organized by IIM-A on October 1st in Mumbai.
The Indian Institute of Management-Ahmedabad (IIM-A) had decided to introduce placement reporting standards for all B-schools in the country to bring in greater objectivity and uniformity in the manner placement reports in B-schools are projected in the media.
The decision was taken in a recruiter conclave organized by IIM-A on Friday, October 1st 2010 in Mumbai. Around l60 recruiters, B-schools, and others were present.
Inputs were taken from placement chairs of other institutes and recruiters present at the conclave. However, It was decided that IIM-A would draft a proposal and send it to all stakeholders for further discussion. The standards would clearly specify as to what details of the student's placements and the pay packets offered are to be shared with the media by the placement cell and when. More clarity on Cost to Company (CTC) would be asked for from recruiters in terms of joining bonuses, one-time relocation expenses, variable components and so on.
Conference on Placement Reporting Standards held on June 18, 2011 in Ahmedabad.
The conference on Placement Reporting Standards was organized on June 18, 2011 at IIM Ahmedabad. The conference was attended by representatives from B-Schools as well as recruiters, students, media, rating agencies and other stakeholders.
The conference attendees discussed the draft in detail and agreed to several modifications. This modified draft then went through a process of vetting at the respective institutions resulting in either an accept or reject decision. Further major modifications (if any) would be discussed after one round of implementation experience.
Based on the consensus reached during the conference, a detailed and modified draft titled INDIAN PLACEMENT REPORTING STANDARDS has been circulated to the B-schools, recruiters, media, ranking agencies and other stakeholders and uploaded on IIM-A website. As discussed in the conference, the institute expects the b-schools to inform within July 31st, 2011 regarding the acceptance/rejection decision.