Really disappointed by the way Flipkart has postponed the joining dates for IIM grads.
Firstly, if you had a restructuring plan in mind, you should not have gone ahead and made the offers for June ’16. Basically you withheld information related to the candidates. Once you had told them about the dates the students would have made an informed decision (trust me there would have been still some students who would have joined you to fulfill their passion to work with a startup and you would have got much more committed employees who were willing to sit idle for 6 months for you)
Secondly, INR 1.5 lac compensation is not fair enough to an IIM grad for 6 months.
Thirdly, Sitting idle for 6 months, will make the fresh IIM grads loose their momentum of learning and implementing ideas and thoughts, which they have been doing till now. It will only demoralize and demotivate them.
Suggestion to Flipkart:
Not sure how many offers you have made and what sort of financial burden this will add on to the firm, however I would suggest you to include the candidates in the ongoing Org restructure. This is exactly what you need, new people bringing in new and innovative ideas.
Its not just about, from the company perspective, paying them salary or from the candidate perspective not getting paid, but Its more about making use of amazing people who are available at your disposal, candidates implementing what they have learned from brilliant professors and from one of the worlds top leading MBA institute.
You can even try to negotiate to start them off asap as interns till Dec ’16, so at least they start working with the Organisation and will be up to speed by Dec.
If all the above fails, and going by the way IIM has taken up the issue, the Institute might call for a 2nd round of campus placement which will be good for the candidates, however will definitely leave a black spot for Flipkart.
Best of Luck to both of you !!!!