The First Step Forward- HR Confluence 2012 in Reminiscence

      Managing talent for competitive advantage – this is a sentiment that resonates in every organization as people are its most valuable resource. So when the first HR Confluence 2012 addressed this very issue, it was bound to generate a huge interest among industry experts as well as budding managers. 

       The discussions of HR Confluence 2012- Managing talent for competitive advantage revolved around three major themes which addressed the central idea in phases. These were talent spotting, talent retention and talent development. The main objective of the event was to provide insights into the plurality of perspectives on talent management. Also, the factors affecting the adoption and formulation of talent management strategy tailor-made to meet specific local needs and context of an organization were discussed.

          In a fiercely competitive environment, how do companies identify the right talent from the same employee pool, especially with the shrinking percentage of employable people? The discussions on talent spotting addressed this very dilemma. Acquiring the right talent is just a part of the problem organizations face. How to retain it seems to be the bigger issue as talent retention is easier said than done.  More importantly, how can companies best plan, select and implement development strategies for the entire talent pool to ensure that the organization has both the current and future supply of talent to meet their strategic objectives? Talent development plays a crucial role in every organization for this very reason.

        To address these issues on talent management, the HR Confluence 2012 witnessed HR practitioners from prominent companies in both public and private sectors such as SAIL, TVS, Renault-Nissan, Deloitte, L&T, Essar Oil Ltd., Balco and Carwale. From elucidating the concept of employee management using ’The Mahabharata’ to stressing on the need for companies to recruit individuals not just for their skills rather for the principles they carry, each speaker brilliantly put their thoughts forward. The common thread present in their speech was the cardinal principle – ‘People are important’.

           The ideas exchange that took place during the entire event was immense. The queries put forward by the students, inquisitive to know about the real-time business scenarios, were received with equal enthusiasm by the speakers. By providing the practitioner’s perspective on the questions raised, the experts helped the student panelists gain a better understanding of the realities faced by organizations. This is what ultimately resulted in the success of the inaugural chapter of HR Confluence paving the way to its second chapter in August 2013.

           Every organization spends a great deal of resources in recruiting and training its ‘talent’. Hence, it is relevant to discuss issues that deal with recruiting, developing and retaining people. However, there is much more to this story. Strategic recruiting and employee branding are equally essential for the long term sustainability of an organization. This is what the upcoming HR Confluence 2013 aims to address. Let’s see it take forward the success story of 2012 this year to a whole new level.

Final Placement Report 2011-13 Batch

Indian Institute of Management Raipur has concluded its final placements for the 2011-13 batch. IIM Raipur is leading among the new IIMs to publish its final placement report this year. IIM Raipur gathered stupendous support from the industry this season. It established new industry relations and reinforced the existing ones. The participating companies found the students intellectually sharp, diligent and zealous.

      Highlights:

1.      Total number of companies participated in the process: 52

2.      Total number of companies whose offers were accepted: 24

3.      Total number of PPOs/ total number of accepted PPOs: 4/1

4.  Participation of companies from a variety of sectors offering various attractive and niche profiles.

5.     Average salary offered: INR 12.03 lakhs per annum

6.     Highest Salary of INR 19.00 lakhs per annum and a lowest accepted offer of INR 6.5 lakhs per annum.

7.      Median salary is INR 11.66 lakhs per annum.

8.  Some of the profiles that were offered include Investment Banking, Corporate Banking, Transaction Banking, Trading, Brand Management, International Marketing, Strategic Vendor Sourcing, Corporate Planning and Leadership Profile.

A total of 14 offers were accepted in lateral placement process. One of the world’s largest retailers Tesco HSC participated in the placement process with its coveted Strategic Business Consultant profile. IIM Raipur also witnessed profiles such as Executive Assistant to top management, Strategic Sourcing, Corporate Planning, Solutions Design, Business Consultant, and IT Consultant. 

The companies came from over 10 sectors representing a wide variety of opportunities for students to choose from. Students had a diverse mix to choose from which included Manufacturing/Engineering, IT/ITES, Energy, Automobile, Banking, Pharmaceuticals, Consulting, Education, Media and Consumer Durables. 

Sales & Marketing

The profiles offered include Sales & Marketing, International Marketing, Business Development, Online Marketing, Dealer Development, Media Marketing and Circulation. An exclusive International Marketing role was also offered. People Group recruited for its Product Management profile. Linde India recruited for its Marketing Strategy, Sales and Commercial profiles. A PPO from Tata Motors was accepted in Sales & Marketing.

Finance

Investment Banking, Corporate Banking, Valuation, Risk Management, Emerging Corporate Banking, International Banking, Trading, Debt Capital Market, Loan Syndications were the roles offered to the candidates. A niche financial consulting profile in the transportation industry was also offered. A consulting firm based out of Mumbai participated in the placement process with a unique senior analyst profile in treasury and trading. Yes Bank offered International Banking and Emergent Corporate Banking profiles.

Operations/IT

Profiles such as Quality Management, Strategic Sourcing, Merchandise Operations and Strategy were offered in Operations. Hero MotoCorp offered a senior Strategic Sourcing role to students of IIM Raipur with prior experience. An emerging IT company participated in the placement process by offering its AVP – Strategy and Operations profile. An offshore IT company of one of the world’s largest insurance company participated in the placement process with its unique Business Transformation Analyst profile.

Consulting and General Management

Ranbaxy Laboratories hired for its coveted Global Leadership Program. Executive Assistant to top management profile by a conglomerate and a leading infrastructure firm was a feather in the cap in the lateral placement process of the institute. Jindal Steel and Power Limited recruited for its Jindal Lead Management Trainee (JLMT) program.

An emerging data analytics company offered its senior project manager profile as a part of lateral placement process. Ernst and Young offered its Business Consultant role to the students after the exuberant performance of twelve students during their winter internship with E&Y Government Advisory.

Follow the link below for the detailed Final Placement Report 2011-13 Batch.

http://www.iimraipur.ac.in/pdf/IIM%20Raipur%20PGP%202011-13%20Final%20Placement%20Report.pdf

Summer Placement Report 2013

Indian Institute of Management Raipur has concluded its summer placements for the 2012-14 batch with a batch size of 111 students. IIM Raipur gathered stupendous support from the industry this season. It established new industry relations and reinforced the existing ones. 

Highlights:

1.      Number of Companies participated in the process – 67

2.      Number of New Recruiters - 44

3.      Major first time recruiters include Britannia, Pricewaterhouse Coopers, Ogilvy & Mather

4.     Various niche profiles like Brand Management, Technology Consultant, Wealth Management, Inventory Management Modelling, Supply Chain Modelling were offered to the students.

5.     A private equity firm based out of Mauritius and a venture capital firm based out of Mumbai also participated in the summer internship process for the first time at IIM Raipur.

A gamut of profiles was offered which include Market Research, Rural marketing, Advertising, Brand Management, Brand Solutions, Sales, Business Development, Media marketing, Digital Marketing, Technology Consultant, Risk Management, Equity Research, Treasury Management, Corporate Finance, Wealth Management, Financial Consulting, Commodity Trading, Inventory Management Modelling and Supply Chain Modelling.

Major firms where students would be interning include Renault Nissan, Britannia, Pricewaterhouse Coopers, ICICI Bank, Pepsico, Café Coffee Day, Vedanta, HT Media, Hero Motocorp, Reserve Bank of India, Future Group, Blue Star, KPMG, Jindal Steel and Power Limited, Ogilvy & Mather, Starbucks and L&T Electrical to name a few.

The companies came from over 14 sectors representing a wide variety of opportunities for students to choose from. Students had a diverse mix to choose from which included Apparels & Textiles, Automobiles, BFSI, Consulting, Consumer Durables, Energy and Power, Engineering and Manufacturing, FMCG, IT/ITES, Media and Entertainment, Petroleum, Retail Chains, Advertising and Startups.

Ernst & Young had offered winter internships in government advisory profile for 12 students. Consulting Domain Growth at IIM Raipur was well appreciated by the industry with short term projects from the esteemed firms such as Redseer Consulting, NBC Bearings, JWT, CLSA and Hero Motocorp.

Follow the link below for the detailed Summer Placement Report 2013.

 http://www.iimraipur.ac.in/pdf/IIM%20Raipur%20PGP%202012-14%20Summer%20Placement%20Report.pdf