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PREFACE

The Placement Policies of the Indian School of Business for the Class of 2009, as framed by Career Advancement Services Office comprise the following details
  • CAS Objectives
  • Placement Process at The ISB
  • Policies for Recruiters
  • Policies for Students
  • Placement Policy Committee
  • Policies for PlaCom
  • Policy for independent job search
  • Career Advancement Services (CAS) Office

These policies are applicable to the students of Class of 2009, prospective recruiters and CAS team members.

Career Advancement Services (CAS) - Objectives

Be a partner in Career Advancement of students to

  • build and develop relevant competencies among students for placements
  • enable placements for all students participating in the process
  • maintain strong relationships with recruiters
  • get more international companies to recruit at the ISB
  • increase the number of offers from recruiting companies
  • manage a streamlined Placement process, taking care of the interests of the students, recruiters and the School

Placement Process at the ISB

Policies for Recruiters

The Placement process is designed to ensure that both the recruiter and the student are able to spent quality time with each other and arrive at satisfying decisions. The Career Advancement Services (CAS) office at the ISB will ensure a flawless placement process at the ISB.

To optimise the recruiting experience, CAS follows a five-step process for placements:

  • Online Registration
  • Pre-Placement Talks
  • Job postings, Applications (Expression of Interest and Resume) and Shortlists
  • Interviews
  • Job Offers and Acceptances

Online Registration:
Recruiters are to register online at www.isb.edu/placement. If help is needed in registering, any member of the CAS team may be contacted. Recruiters are required to accept the terms and conditions by mailing a printed signed copy of “Terms and Conditions for campus recruitment” available on the website to the CAS office.

Companies offering Experiential Learning Projects (ELPs) and wishing to make Pre- Placement Offers (PPOs) should inform the CAS Office and PGP Projects Office before January 01, 2009. If a student receives a PPO it will be considered as One Offer of the two which s/he is eligible for, and if accepted, it will be treated as an “Accepted Offer” and the student will be out of the placement process. All other companies would follow the Placement Process as detailed below

Pre Placement Talks (PPTs):
November 10 to December 24, 2008
This is an ideal opportunity for companies to share information about their organisations with students and to make it possible for the students to explore career options.

  • Time slots for PPT vary by day of the week:
    Monday to Friday - from 1930 hrs to 2200 hrs
    Weekends (Sat & Sun) – from 1100 hrs to 1730 hrs
  • ISB gives equal opportunity to all recruiters. Each PPT therefore is allotted 45 minutes: 30 minutes for presentation and 15 minutes to respond to students’ queries.
  • To register a date and time for PPT, please log on to our placement website www.isb.edu/placement.
  • The CAS Office will arrange for facilities (audio-visual and support services) that may be needed for the presentation. Companies are requested to let CAS know about their requirements in advance.

Job Posting, Applications and Shortlist

  • Job postings can be uploaded by the recruiter on the ISB placement website. Students will respond by submitting their Applications (Expression of Interest and Resume) according to the companies deadlines
  • Companies are requested to forward shortlist to the CAS office at least 7 Days before the interview date. The CAS office will inform the short listed students.

Interviews:
January 17 to March 15, 2009:
Interviews will be held between 0900 hrs to 1800 hrs. The schedule is as below:

Slot
Dates
Offer opening date & time
Day 01 Jan 17 th & 18 th ‘09 on Jan 18 th ‘09 @ 1800 hrs
Day 02 Jan 24 th & 25 th ‘09 on Jan 25 th ‘09 @ 1800 hrs
Day 03 Jan 31 st & Feb 01 st ‘09 on Feb 01 st ‘09 @ 1800 hrs
Day 04 Feb 14 th ‘09 on Feb 14 th ‘09 @ 1800 hrs
Day 05 Feb 15 th ‘09 on Feb 15 th ‘09 @ 1800 hrs
Day 06 Feb 16 th ‘09 on Feb 16 th ‘09 @ 1800 hrs
Day 07 Feb 17 th ‘09 on Feb 17 th ‘09 @ 1800 hrs
Day 08 Feb 18 th ‘09 on Feb 18 th ‘09 @ 1800 hrs
Day 09 Feb 19 th ‘09 on Feb 19 th ‘09 @ 1800 hrs
Day 10 Feb 20 th ‘09 on Feb 20 th ‘09 @ 1800 hrs

Subsequently the interview process will continue till March 15, 2009.

Policy for senior students
ISB has some students with 8 or more years of work experience. These students need a separate process, as they may have to go through multiple rounds of detailed interviews, considering their seniority. The placement process for these students will start earlier.

Job Offers and Acceptance policy:

  • The ISB allows a student to receive TWO offers or accept ONE offer. Thereafter, the student exits the placement process.
  • To facilitate logistics for international companies / teams, who cannot come in during the regular placement schedule starting on January 17, 2009, CAS allows them to complete the process earlier. The dates could be fixed in consultation with CAS. Such firms will have to hand over sealed Final Interview Forms (FIF) & offers to CAS and these offers will be opened only at the end of the first day of Placements (January 18, 2009). This is applicable only to those international companies whose job postings are located outside India.
  • Companies are requested to process the Visa requirements and other travel formalities, for the students who will have to attend an interview in any of the client’s International locations.
  • The Final Interview form is a document which captures the decisions of the interview, and is signed off by the recruiter and the student. All companies are requested to hand over the filled in “FINAL INTERVIEW FORM” to CAS, on completion of the process and to send the Formal Offer Letter, once the student has indicated acceptance of the offer within seven days, to the CAS Office.
    • FINAL INTERVIEW FORM : To make an offer to a student, companies need to complete the Final Interview Form (FIF).
    • At the end of the final interview, if company representatives are considering making an offer to the student, they may fill in the FIF with details of offer which is then signed by the student.
    • On deciding to make an offer, the offer confirmation portion is completed, and then the Final Interview Form is handed over to the Career Advancement Services (CAS) Office.
       
  • CAS will broadcast the student status on the placement website at the end of each placement day. All companies are advised to check the status of their shortlisted students on the Placement website.
  • Students are required to confirm their Acceptance/ Rejection of job offers according to the company’s deadline. The earliest offer acceptance deadline that a recruiter can ask for is the end of the next placement day.

Important dates:

Pre-Placement Talks
:
November 10, to December 24, 2008
Job Posting, Applications
:
November 10, 2008 onwards
Shortlists
:
At least 7 days before interviews
Interviews
:
January 17 to March 15, 2009
Job offers
:
On or before March 22, 2009

Payment Policy

In view of the escalating costs for providing placement facilities (infrastructure and web based services), we charge as below, to partially recover costs:

For first interview of the Placement process (on-campus, off-campus or any other method) in placement period or earlier –

Fixed Placement Cost – Class of 2009

 
If company makes zero, one or two offers
If company makes more than two offers
Day 01 & 02 or earlier
Rs 1,50,000/- or equivalent
Rs 300,000/- or equivalent
Day 03 & 04
Rs 1,50,000/- or equivalent
Rs 200,000/- or equivalent
Day 5
Rs 100,000/- or equivalent
Rs 150,000/- or equivalent
After Day 5
   
Fixed placement
cost
Nil, if no offers are made by a company
Rs 80,000/- or equivalent if the company makes one or more Offers
  • The ISB will raise an invoice for the Fixed Placement cost towards infrastructural support, plus applicable service tax (the existing rate for the current financial year being 12.36%) after the recruiting company’s slot is confirmed. A company’s slot will be confirmed on the basis of student tiering and the preference of the company.
  • Companies are requested to make payments within 15 days of the invoice date.

Note:
Companies are requested not to deduct Income Tax at source from the payment due, as the ISB has obtained a certificate* from Income Tax authorities to this effect. A copy of the certificate can be made available to the recruiters.
 


 

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