FMCG firms go on a talent hunt at top business and technology campuses

FMCG firms go on a talent hunt at top business and technology campuses

KOLKATA: Declining rural and urban consumption may have taken a toll on the country’s fast-moving consumer goods makers, but it has not stopped FMCG majors from aggressively scouting for future leaders at top business and technology campuses.

In a testimony to how important campus hiring is as a pipeline of future leadership talent, biggies such as Hindustan UnileverNSE -0.45 % (HUL), ITC, MaricoNSE 0.81 %, Godrej and DaburNSE -0.50 % are expanding their reach across B-schools and top engineering and general colleges, and rolling out new roles for the Class of 2020.

Market leader HUL, for example, has increased its summer internship hiring to top 21 B-schools from top 14 earlier. Marico, which earlier hired only from Tier-1 B schools, has started hiring from IITs and top graduate colleges this year, while Dabur intends to up its intake by 25%. These companies pay between Rs 22-30 lakh to campus recruits.

“Many young leaders at Godrej first worked here as summer interns or management trainees before taking on larger roles,” said Sumit Mitra, head – group HR and corporate services at Godrej Industries and Associated Companies. “This is a longer-term talent building investment for us, guided by business priorities and projections. So, it continues to be robust even in a tough year.”

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from Jobs-Economic Times