Professional Documents
Culture Documents
“
Many core memories are born in a hostel room. Few take flight
outside of it, like Unstop. From a blog to a website to a
community of 9 million students and 20,000 colleges backed
by 800+ brands, this has been an unstoppable journey.
Unstop Unplugged 01
Summary 35
We partnered with the National Skill Development Corporation (NSDC) and All India
Council for Technical Education (AICTE) recently to prepare upcoming talent for the
future of work.
5,000 companies that visit campuses still struggle to find the right candidates from a
talent pool of 40 million undergraduates and postgraduates in India. To bridge this gap,
students, HR leaders and University Partners (Talent and Placement Officers) must
engage in meaningful dialogues. Unstop Talent Report 2024, which has seen ~40,000
nominations and ~80,000 votes this year, has always facilitated these conversations.
The report further took a step in this direction, amassing 11,000+ responses from all
three stakeholders - Students, Colleges and Recruiters. Additionally, in our ‘talent talks’,
HR leaders divulged their views on employee desires, the role of mentorship,
competitions, and more.
The report reveals a stakeholder disconnect. 70% of HRs prioritize talent attraction in
2024. However, while students prefer competitions, HRs focus on social media for brand
visibility. The gender pay gap still exists. At INR 2-5 LPA, the most common offer for
women in Arts, Science & Commerce was half of the most common offer for men. Most
men in this domain received an offer of INR 6-10 LPA. The report provides plenty of such
insights to address such gaps.
It’s time to unlock a more cohesive, engaging, and collaborative approach to hiring.
Ankit Aggarwal
Founder & CEO, Unstop
01
Participant Profile
Responses were gathered from 11,000+ Students, University Partners, and Human
Resource Practitioners.
Gender
Age
Postgraduates (B-School)
60% 36% 4%
AGED 21-24 YEARS AGED 25-28 YEARS AGED 29 YEARS
10% 16-19
YEARS
76% 19-22
YEARS
14% 22 OR
ABOVE
02
HRs: Breakdown by Industry & Company Size
Industry
44%
14%
10%
9%
8% 8%
7%
39%
35%
26%
03
University Partners: Breakdown by Courses & College Size
70%
46% Engineering
MBA
38%
Arts, Science and Commerce
>3,000
25%
1,000-3,000
26%
< 1,000
49%
04
TO P TA L ENT
T RE ND S 2024
The enduring pay gap Yes! 81% of HRs across industries are
hiring. Get those resumes ready!
HRs regularly state there is no discrimination in
pay gaps between men and women. And yet, in
Arts, Science & Commerce, the most common
offer for men was INR 6-10 LPA. The most ONE TREND TO RULE THEM ALL:
common offer for women was INR 2-5 LPA. THE RIGHT SKILL SET
Over 88% of HRs prefer skills over
Women
experience, academics, or references.
Men Students echo the sentiment.
1 LPA 2 LPA 3 LPA 4 LPA 5 LPA 6 LPA 7 LPA 8 LPA 9 LPA 10 LPA
Experience
77% 38%
‘SHOW ME THE MONEY JOB
SECURITY’
Students prefer HRs chose Social
competitions Media Campaigns 3 out of 5 students choose job security
over pay hikes.
THE BROKEN PLACEMENT RECORD
Job security
Only 7% of Indian campuses achieved
100% placement. Pay hikes
05
TA L E N T
Talks
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full episode
here
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06
Through The
Far too often, the lament, ‘no one is hiring right now’ can be heard across campus
grounds, on job boards, and in social media groups. Is that the ground reality?
The survey indicates otherwise.
Only 19% of HRs are not hiring currently. Among these, 11% face a hiring freeze,
while the rest have no open positions (8%).
81%
ARE HIRING
19%
NOT HIRING
07
Where Is The Hiring Taking Place?
Most students see at most 50 companies overall on campus for recruitment. Is that
number enough? With competition being high, students certainly don’t think so!
100
88% 88%
80
67%
60
40
20
08
Despite campus hiring drives, neither recruiters nor students get the desired
results. Both ranked hiring platforms like Unstop over college placement services.
89%
of University Partners claim students
can get placed through competition-led
& on-campus opportunities.
As per the survey results, the tech sector dominates hiring across domains.
62%
25% 26%
25% of E-School,
62% of B-School, and
26% of Arts, Science & Commerce
students have already received a
job or internship offer
35%
of these received
an offer from the
Technology sector.
09
Average Salary & Stipend Offered
The average salary for B-Schoolers, at INR 20 LPA, was far ahead of the average
salary drawn by E-Schoolers (which fell between INR 6-10 LPA).
Salary Offered
Postgraduate (B-School)
46% 9% 9% 8% 8% 20%
OFFER NOT RECEIVED
10
Stipend Offered
Postgraduate (B-School)
33%
7%
14%
5%
31% 10%
> INR INR INR < INR 10,000 NO NO
50,000 30,000-50,000 10,000-30,000 OFFER STIPEND
13%
12%
22%
8%
33% 12%
> INR INR INR < INR 10,000 NO NO
50,000 30,000-50,000 10,000-30,000 OFFER STIPEND
11
Is The Gender Pay Gap Here To Stay?
The conversations on solving the gender pay gap are at an all-time high. But are
these conversations translating into actionable steps?
In E-School, the average salary offered was nearly the same for men and women.
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.
INR
6-10 LPA
INR
2-5 LPA
The most common offer for females in the Arts, Science & Commerce domain
was actually INR 2-5 LPA - half of what the men received. 39% of women
received this offer.
It’s high time that companies, across industries, equally value the contributions of
men and women. A salary package should not be determined by gender but by
skill set.
12
TA L E N T
Talks
Engaging Path To
“
TALENT DISCOVERY
We also do off-campus
hiring through GRiD,
Sumit Chandra because of its ability to
Director- Leadership Hiring and engage with students
University Relations, Flipkart
Catch the
full episode
The fresher community of India is rich & through these here
engagements, we need to give them the right path.
Scan to watch
13
Engaging Minds, Winning Hearts
What pushes a student to engage with a company online? The simple answer is
jobs! Students chose regular job and internship openings as the primary reason
for engaging with companies online.
But when the onus is on companies, 38% of HRs choose social media campaigns
as the most preferred way of promoting their brand awareness, followed by
placement talks.
While competitions are the top-most choice for 77% of students, they ranked
third for HRs, showcasing a need for introspection for HR leaders.
77%
38%
SOCIAL MEDIA
COMPETITIONS*
STUDENTS
CAMPAIGNS
HRs
15
Nothing Works Like Competitions
The intrinsic value of competitions in building the skill set (a requisite for recruiters)
and securing a job (the end goal for most graduates) is not lost on anybody - not
even University Partners, 26% of whom admitted that competitions can help
students fetch a better CTC.
100%
80%
60%
40%
20%
With
registrations, Flipkart saw a 70X jump
16
Role Of Competitions Beyond Rewards
Students also hold competitions in high regard for honing their skills, giving a
platform to showcase their talent, and improving resumes.
For 78% of B-School and 79% of Arts, Science & Commerce students, the biggest
takeaway of participating in a competition was the chance to hone their skills. For
E-School students though, it was all about the flex.
17
TA L E N T
Talks
Hit PAUSE on
Your CAREER!
“
Enough investment
is not being made
Santosh TK in terms of how resilient,
adaptable, and flexible
Director, Talent Acquisition students can be
Dell Technologies
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18
Assessment: Fixing The
Missing Puzzle
For 70% of HRs, an increased focus on skills-based hiring also improved results.
Skill-Based Hiring
Employer Branding
Diversity Hiring
The writing on the wall is clear - recruiters are not looking at where
you get the skills from, but at the skills you possess.
19
There is a significant change in the recruitment process - one where a candidate
can surpass even experienced competitors by adopting the right skills, be it
through workshops, online courses, or competitions. 68% of HRs use a combination
of resume screening and skill assessments to initially shortlist candidates.
Students also want to be chosen for a role based on their skill sets. But
what are the skills that recruiters value?
Domain-specific competence
And what about the digital future? In the age of digitalization, recruiters value
individuals with contemporary skills required in the modern workplace. Being
tech-savvy is no longer a trend, but a necessity.
The top three future skills that HRs think students should focus on are Cross
Collaboration, Data Literacy, and Digital Communication skills.
20
TA L E N T
Talks
Can you
Risk a CAREER
“
SWITCH?
The good thing we see today is
that there are so many options
for students. They should
Roshni Wadhwa take advantage of the openness
provided by employers to explore
HR Transformation Director
L’Oréal
This is another
chance for
students to und
erstand that it
isn’t just the org
anization testin
the interns. g
environment of
the company. Blogs
Scan to watch
21
Solving The Talent-Role Mismatch
When both students and HRs consider skill set as the key consideration to getting
a job, why is the right talent not finding the right role? The gap is in how students
and HRs view the effectiveness of college curricula.
But for
JOB
But for
66%
of recruiters
and 42% of
University Partners
skill gap & lack of
preparation, respectively,
are major challenges
in campus recruitment.
According to the majority of HRs, the three key changes in college curriculum
that can help make students more employable are:
Students echo the sentiment. It’s noteworthy that a competition is the only
platform to provide access to all of the three facets of improving a student’s
employability. Simply put, greater participation in competitions can boost CV
points, provide practical exposure, and enhance an applicant’s employability.
22
Apart from competitions, students are also choosing to upskill through other means,
from online courses to live projects, guest lectures, and of course, internships.
ONLINE ONLINE
COURSES COURSES
INTERNSHIPS
67% INTERNSHIPS
77%
63% 74%
ONLINE
INTERNSHIPS 76% COURSES
75%
CERTIFICATIONS
66% Arts, Science &
Commerce
Participants ranked their preferences. While the percentages do not perfectly add up
to 100%, the ranking order and relative popularity of each option remain accurate.
23
The Next Edition Of Talent
For HRs, the top challenges in campus recruitment are the skill gap and the
inability to discover the right talent. Thus, for most recruiters, the future of talent
acquisition in 2024 is about finding the best way to discover, engage, and
assess top talent.
Priority
for 2024
5 Skill-based hiring
Apart from these top five priorities, an increased focus on diversity hiring
positively impacted recruitment for 48% of HRs.
Thus, there’s a strategic focus on making the hiring more diverse and inclusive in
2024. 86% of HRs feel that providing equal opportunities for applicants across
genders helps in making hiring more diverse and inclusive.
24
Chasing An Impossible Dream: The Dream Job
53%
of students admit that their biggest fear is
the inability to find a job in their
preferred field.
60%
prefer job security
40%
prefer pay hikes
B-Schoolers are also worried about balancing work and personal life. But for
E-school, Arts, Science & Commerce graduates, a lack of on-the-job training is
also a top concern.
25
Performance Reviews At The Workplace
Undergraduates are not just scared about the lack of on-the-job training but are
also actively seeking feedback from managers at the workplace.
When asked about how often they would like to receive feedback, 51% of all
students selected monthly feedback.
For B-Schoolers, the second option was quarterly feedback. But for E-School,
Art, Science and Commerce students, it was feedback on a project completion
basis.
51%
B-Schoolers want
monthly feedback
48%
Undergraduates
want monthly
feedback
Are companies prepared to offer regular feedback? Currently, only 11% of HRs
conduct monthly performance reviews for entry-level employees. In most
organizations, performance reviews are conducted at a quarterly frequency.
26
TA L E N T
Talks
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Blogs
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27
A Growing Need For Mentors
Is there a growing need for feedback and training at the workplace because
colleges are not able to provide adequate support to students?
only
28%
of colleges conduct monthly workshops by
industry leaders. 11% conduct them
just once a year.
28
VOICE OF
Students
“
Do not just look at our resumes.
Give us the actual problem and let us share a solution
Catch the
We believe hiring processes can be full episode
here
changed. To find the right talent.
Not just by our skill sets. But also by
checking the cultural fit.
29
What After Graduation?
What do students want to do after graduation? A corporate role, a startup
adventure, or start their venture?
Work independently
(Freelancing or
81% 10% 9% Entrepreneurship)
B-School
Further Education
(In India, or Abroad)
75% 8% 17%
E-School
There has been a drop from 14% last year, to 10%, of students who want
to work specifically for a start-up. Start-ups with up to $10 Mn funding
and/or up to 3 years of establishment were the last choice for all students.
30
Where Do Students Want To Work?
Consulting tops the tally of the most sought-after sector for B-School and other
UG students whereas Tech takes the first place for Engineers. However, among
B-Schoolers, FMCG held its spot from last year as the most preferred sector for
females.
gy Techn
Technolo ology
MCD erce
FMCG/F E-Comm Educa
n s u lting tion Co
& Co Manu re
1)
(Tied at fac
& Eng turing
ineerin
g
&
Banking
l
Financia Techn Bankin
s / ology g
CD S e rv ic e Finan &
FMCG/FM Finte c h Servic
cial
ing
Consult es E-Com
Fintec / merce
h
L
B-SCHOO E-SCH
OOL
FOR WOMEN
FOR MEN
Consulting Education E-Commerce
This year, Marketing is back on top as General Management slips to the second
spot in the most preferred domain that B-School students want to work in. The
top two domains Arts, Science & Commerce students want to work in are Finance
and Analytics. For E-Schoolers, IT and Analytics take the top spot.
31
What Is The Deciding Factor?
Before deciding on a place to work, students want the insider’s track. B-School
students prefer to hear from college alumni working in the company. E-School,
Arts, Science & Commerce students prefer feedback from any current employee,
other than college alumni.
Current
employees
(excluding alumni) College Alumni
working in the
company
Online
Reviews
32
How Do Students Want To Work?
Answering The 70-Hour Question
For a generation predominantly choosing the corporate life, is GenZ willing to put
in the working hours? Yes - but not just from the office!
Students would rather work in a hybrid model than from an office or a remote
setting. However, among undergraduates (E-School, Arts, Science and
Commerce students), women would rather work from the office instead of a
hybrid work model.
As far as the average work week is concerned, 67% of students prefer not to
work more than 40-50 hours per week. And what do the HRs believe? Most HRs
are already aligned with students’ expectations about the working style, offering
limited to negligible support for remote work or 70-hour work weeks.
The Working
Style as per HRs
33
Salary & Benefits
In-hand salary or the amount hitting the account remains the most valuable salary
component this year as well, with Perks and Benefits taking the second spot.
In-Hand Salary
Performance Bonus
ESOPs
Variable Pay
34
Summary
In the new age of talent acquisition, hiring is on the rise. The missing
conversations between the three primary stakeholders of the hiring circle, HRs,
University Partners, and Students, is a great opportunity.
At the same time, companies also need to find the right engagement medium to
connect with students. Competitions have consistently remained the preferred
engagement medium for students. It’s time companies tap into this channel and
connect with the top talent.
Students have also expressed interest in receiving guidance and training at the
workplace. In such a scenario, the role of mentorship becomes even more
crucial.
Lastly, students find the traditional hiring processes to be boring. Students, who
are actively upskilling through competitions, courses and internships, believe
companies need to focus on finding the right cultural fit.
It’s only by aligning the desires of all three stakeholders that hiring can become
more cohesive, engaging, and collaborative.
Ultimately, it is not just about finding the right talent but also attracting them. It
is not just about offering candidates the best offer on board but also about
giving them the right tools, mentors, and guidance to unlock their true potential.
35
Unstop Employer Brand
Track 2024
Where does my employer brand rank? What are the students thinking about my
brand? The questions in every leader’s mind are the same.
Students cast their vote to pick their dream brand across industries and domains.
Here are the results for 2024:
1. Across all B-Schools, Google is at the top of the list of dream companies to
work for, followed by Hindustan Unilever Limited (HUL), McKinsey and
Company, and Amazon, in that order.
2. Google also emerges as the dream company to work for across E-schools.
Microsoft ranks second, with Amazon coming third.
3. In the FMCG sector, Hindustan Unilever Limited (HUL) is the most desirable
company, with ITC Limited and Nestlé coming second and third, respectively.
4. JPMorgan Chase & Co., Goldman Sachs and HDFC Bank, in that order, are
the most desirable Banking and Finance companies.
5. Zomato is the most popular next-gen recruiter. Myntra, Nykaa, Swiggy and
Meesho, in that order, close the top 5 list.
6. Boston Consulting Group (BCG) is the most popular consulting firm on the
list, followed by McKinsey and Company and Bain & Company, in that order.
7. For the General Management profile, students favoured Tata Administrative
Services (TAS). Reliance Industries Limited (RIL), Aditya Birla Group,
Mahindra Group and Adani Group, in that order, are the top 5 choices.
8. For engineers, Google is the most attractive employer in the category of
Product-based companies and Tata Consultancy Services (TCS) topped the
list in the category of Service-based companies.
36
Unstop SuperBrand of 2024
SuperBrand
Dream Companies
Top 10 Top 10
All
Premier Premier
B-Schools
B-School B-School
All
E-Schools
37
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