NTPC Ltd, India’s largest power generation company, plans to more than double its intake from the country’s premier Indian Institute of Technologies (IITs) for the current year to 300 engineers.
“We started recruiting from IITs after around a 15-year gap last year. We recruited 110 employees from IITs in 2006-07. We are getting a great response this year due to the Rs5.5 lakh package that we are offering at the joining level along with the perks. Which other company offers such salaries at the entry levels?” said a senior company executive. who did not wish to be identified.
The power major has current employee strength of 25,000, of which around 18,750 are engineers. The company is looking to make up the personnel that it has lost to the private sector power projects in the last few years.
In the last one year, it lost 100 engineers to firms such as Tata Power Ltd, Reliance Energy Ltd and Lanco Infratech Ltd, and expects that figure to double to 200 a year by 2012 when more projects go on stream.
The next round of attrition may be for operations and maintenance engineers, who will be required when the upcoming private sector power projects are fully operational.
NTPC proposes to almost double its present generation capacity of 27,404MW in the next five years and then plans to ramp this up to 75,000MW by 2017. In order to achieve this ambitious target, the company is planning to recruit 7,000 employees, of which around 5,600 will be engineers, in the current Plan period (2007-12).
“Most of our new appointments will be at the entry level,” the company executive added.
Hema Ravichandar, a Bangalore-based independent consultant said: “If you (NTPC) define the role in a challenging manner, pay at par compensation and give graduates a chance to work in the areas they are interested in, then the offer becomes quite competitive. These graduates are quite discerning in assessing the holistic aspect of an offer.”
In a related development the company has received 200 applications from it’s ex-employees in response to the advertisement it had booked in the news dailies specifically targeted towards bringing back its old employees. The company expects to recruit back 40-50 senior engineers as reported by Mint on 26 April.
Even though the PSUs are governed by standardized pay structures, which are not so attractive as those offered by the private sector, NTPC is considering a proposal to introduce differential salaries to its engineers to retain them as reported by Mint on 10 March. The move is aimed at meeting staff needs for expansion and saving time on training fresh graduates.