Information technology companies planning to hire people from the International Institute of Information Technology (IIIT)-Hyderabad will have to pay.
The firms that pay a fee of 8 per cent (of the annual package a candidate gets) will get a chance to pick the best.
In the ongoing hiring season, started last December, 28 top notch firms agreed to pay the fee and snatched up 105 candidates, or about 25 per cent of the strength. Those agree to pay the fee will get a slot in the first phase when the campus goes for the next hiring season in December this year.
Indian start-ups, however, are exempt from this norm. “Other companies are welcome to hire, but in the second phase,” said Devi Prasad, Head of Placements at the Institute.
The public-private model institute offers research courses in various IT streams.
It will charge the companies only after the recruits finished six months of service.
In the first two phases of hiring in 2013, about 270 students out of 350 graduate and post-graduate courses got placements.
About 80 companies, including Google, Microsoft, Flipkart, Amazon and Samsung, registered for recruitment.
The compensation ranges from ₹4 lakh to ₹18 lakh against ₹3.5 lakh to ₹17 lakh in the previous year. About 310 students were placed in 2012.
However, unlike 2012, there is no big ticket pay packet. A student got a mind-blowing figure of ₹70 lakh offer from a US firm.
“After completion of registration of companies, we share the information.
“We will allow them to choose slots of companies they like to work with,” said Devi Prasad.