Fake companies are on the prowl to exploit desperate students looking for their first job. Dejected with rejections in the campus interviews these students are easy prey for such companies and the closure of four such IT companies recently in State capital goes on to prove how gullible the students are, and how smart the cheaters.
These students were cheated with ‘fake' promise of jobs, but more shocking was the job seekers themselves paying money to the companies. Is collection of money a practice in the industry? “No. In fact, if a company is collecting money to give a job suspect its credentials immediately,” says L. Suresh, president, IT and ITES Industry Association of Andhra Pradesh (ITsAP). None of the companies that are registered with ITsAP are into such activities and students can bring it to the notice of the association if they come across such companies.
In fact, the four companies that closed their shutters recently were not registered with ITsAP and that can be a good indicator of the genuineness of the company. Young graduates should also verify the background of the promoters. Don't go by the fancy offices but what work they do, and people already working in that company can be helpful.
The problem also lies with the candidates, Mr. Suresh feels. “Most of these are not selected in the campus interviews and are desperate. Parents also don't mind spending another Rs. 50,000 to get a job for the ward and that weakness is exploited,” Mr. Suresh argues. He agrees that some companies prefer some deposits so as to ensure that the candidates don't leave the company breaking the contract. But due legal procedures are followed by the genuine companies in this aspect.
The ITsAP, however, plans to spread awareness at the college level itself involving the managements. “Earlier, we used to talk about fake resumes and fake interviews and now we will also focus on fake jobs during our interaction with students and colleges,” a representative of ITsAP said. “We will come up with ‘Dos and Don'ts' for the benefit of job seekers while looking for their first employment in a small company.”
Mr. Suresh, who is also the CEO of Identis Tech Solutions, reveals that the industry is also receiving complaints about fake mails offering jobs and asking candidates to pay money to certain individuals on behalf of some top companies. “We advise the student community and others to verify the correctness of each and every such communication through authorized representative of the company before proceeding to the next steps in the employment process. It is always preferable to meet the authorized representative of the company in person in the respective office premises,” he says.
He asks candidates to make sure that the company offering you the job is registered under the Companies Act or STPI or the AP Shop and Establishments Act 1988. “Before entering into a financial commitment in the form of Bonds, Deposits or other arrangements, candidates should make sure of the legal validity of all such transactions. It is a safe practice to insist on a proper printed copy of the appointment letter, duly signed by the authorised signatory on the company letter head and not just an offer letter,” he says.
Any non-payment of salary should be viewed with suspicion and brought to the notice of the concerned authorities or the ITsAP representatives if the company is registered with it.