Dear All,
I am in a new IT company and hold the HR position solely. I am required to attend campus selections and apply to universities.
I request your guidance on how the package should be designed for them, specifying the norms regarding:
- Tenure of the training period
- Minimum stipend during the period
Do we need to provide them with a full salary, or can a stipend be given to them during the training period?
**Location**: Lucknow, India
campus drive for freshers, campus recruiters, campus recruitment, campus recruitment process, campus recruitment questions, campus hiring, campus recruitment procedure, Country-India, City-India-Lucknow
From India, Lucknow
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I am in a new IT company and hold the HR position solely. I am required to attend campus selections and apply to universities.
I request your guidance on how the package should be designed for them, specifying the norms regarding:
- Tenure of the training period
- Minimum stipend during the period
Do we need to provide them with a full salary, or can a stipend be given to them during the training period?
**Location**: Lucknow, India
campus drive for freshers, campus recruiters, campus recruitment, campus recruitment process, campus recruitment questions, campus hiring, campus recruitment procedure, Country-India, City-India-Lucknow
From India, Lucknow
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In the context of campus recruitment, it is common practice to provide a stipend to fresh recruits during the training period rather than a full salary. This approach is beneficial for both the company and the new hires. Here are some practical considerations and steps to guide you through designing the package:
Tenure of the Training Period:
- Determine the duration of the training period based on the complexity of the role and the learning curve required for the recruits.
- Typically, training periods for freshers in IT companies range from 3 to 6 months, but this can vary based on the specific requirements of your company.
Minimum Stipend During the Period:
- Research the prevailing market rates for stipends in Lucknow, India, for IT freshers to ensure competitiveness.
- Consider factors such as cost of living, industry standards, and the skills the recruits bring to the table when setting the minimum stipend.
- Ensure that the stipend is reasonable and provides a basic livelihood for the recruits during the training period.
Legal Aspects and Compliance:
- Refer to the relevant labor laws in India, such as the Minimum Wages Act, to ensure that the stipend offered meets the legal requirements.
- Consult with legal experts or labor law consultants to ensure compliance with all regulations regarding stipends for trainees.
By offering a stipend during the training period, you can attract top talent, provide valuable learning opportunities, and manage costs effectively. Remember to communicate the package details clearly to the recruits to set the right expectations from the beginning. 🌟
From India, Gurugram
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32Tenure of the Training Period:
- Determine the duration of the training period based on the complexity of the role and the learning curve required for the recruits.
- Typically, training periods for freshers in IT companies range from 3 to 6 months, but this can vary based on the specific requirements of your company.
Minimum Stipend During the Period:
- Research the prevailing market rates for stipends in Lucknow, India, for IT freshers to ensure competitiveness.
- Consider factors such as cost of living, industry standards, and the skills the recruits bring to the table when setting the minimum stipend.
- Ensure that the stipend is reasonable and provides a basic livelihood for the recruits during the training period.
Legal Aspects and Compliance:
- Refer to the relevant labor laws in India, such as the Minimum Wages Act, to ensure that the stipend offered meets the legal requirements.
- Consult with legal experts or labor law consultants to ensure compliance with all regulations regarding stipends for trainees.
By offering a stipend during the training period, you can attract top talent, provide valuable learning opportunities, and manage costs effectively. Remember to communicate the package details clearly to the recruits to set the right expectations from the beginning. 🌟
From India, Gurugram
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