Fastest growth in eight key sectors, devise direct jobs

Pic Courtesy : WorldGattec

Reflecting the uptick in the economy, employment generation in the eight key sectors grew at its fastest pace in over two years during the first quarter of this fiscal, with more jobs being given to permanent category workers.

As many as 1,82,000 jobs were created in these eight sectors including textiles, IT and automobiles during April to June 2014, according to a quarterly survey by the labour ministry.

In contrast, 36,000 jobs were lost in these sectors in the quarter ended March 2014. The sharpest growth prior to this was in the quarter ended December 2011 when 2,26,000 jobs were added in these sectors.

Direct category jobs recorded a rise as opposed to contract jobs, reflecting a shift in businesses towards long-term plans. “Employment under the direct category workers has increased by 156 thousand during the period June, 2014 over March, 2014, at overall level,” the survey noted.

This is the first such reversal in six months as 60,000 direct jobs were lost in the previous quarter.
Private forecasters too have estimated an uptick in employment over the next few months based on the international trends and the domestic economy. HR consultancy Teamlease has forecast double-digit job growth in select sectors and in most cities.

Pic Courtesy : The Indian Express

“The improved macro economic conditions coupled with India Inc’s plans to ramp up capacity and enter new markets seems to be having a positive impact on the hiring sentiments,” it said in its Business and Employment Outlook for the second half of the fiscal.

Industrial activity has been slowly reviving and the economy grew at its fastest pace in two years in the first quarter of the fiscal at 5.7 per cent. The government is hopeful of the GDP growth of 5.8 per cent in 2014-15.

Meanwhile, the labour ministry survey revealed six sectors except handloom and transport saw hiring activity.

The maximum jobs (59,000) were created in textiles, followed by IT and BPO sector (51,000), and metals  (47,000). Another 7,000 jobs each were generated in leather and gems and jewellery sectors during the first quarter of the fiscal. Further, more jobs were given out in exporting units than non-exporting units during the period.

The Shimla-based Labour Bureau conducts a quarterly survey of eight employment intensive sectors including textiles including apparel, leather, metals, automobiles, gems and jewellery, transport, IT/BPO, handloom and powerloom.

The surveys were started in January 2009 to assess the impact of the global financial crisis, but have now been converted into a quarterly survey on employment.


-Author Surabhi , New Delhi for The Indian Express

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India is safer place to find jobs than flying abroad

Some Study says that not more than 13% of the companies roughly seek to hire students with foreign degrees.

Going abroad to study and receive a foreign degree may not assure a job back in India as companies are cutting down their hiring of foreign degree holders according to a study by the British Council.

The survey, carried out across 200 Indian and foreign companies to understand the employability potential of Indian students, has said that less than 13% of the companies actively seek to hire students with foreign degrees. While companies had increased hiring foreign graduates in the past three years, the number is expected to come down this year from 26 to 20%.

"Students with degrees from abroad should actively consider tapping into a job market that is still underdeveloped. They will, however, need to modify their expectations in terms of salaries, job content, and so forth. They will also need to compete with a domestic talent pool that most companies see as 'good enough' or 'large enough'. In fact, most companies who do not hire foreign-trained students cite these two factors as the main reason they do not actively look abroad for talent", the report said.

Meanwhile, students who graduate from United States of America are more likely to find recruiters as compared to other countries. The study suggests that 41% of recruiters are likely to hire students who graduate from United States followed by 26% from UK and 6% from Germany.

The study also suggested that 59% of respondents or 99 firms have not hired students from abroad in the last two years largely due to the huge talent pool in India. "Other reasons for sticking to Indian talent pools included unrealistic expectations about salaries, job content or career growth and not finding suitable matches from among these applicants", the survey said.

On the cost side, 72% of the companies have said that foreign-university graduates expect higher salaries than similarly-qualified Indian ones who have affected their prospects. "On an average, graduates from abroad expect to be paid about 25% more than their peers with Indian degrees, and 20% expect as much as a 50% premium, or even more. However, these expectations are not always matched by reality. A much-smaller 38% of firms actually pay higher salaries to graduates from abroad, and the average premium paid is fairly modest", the study said.

Indian universities have also emerged as a hunting ground for recruiters with more than 50% of the companies hiring from the top 20 Indian institutions. According to a report by Brookings Institution, Indian students spent at least $3 billion during 2008-2012 to study in the United States.

Article by : BS Reporter

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How long software engineers go ?

Software engineers, who applies the design, develop and maintain the software.

Software engineers are some of the toughest jobs to fill. At least that’s what a new infographic from jobs and career community site Glassdoor, “How to Recruit Software Engineers,” says.

According to the infographic, 25 percent of software engineers plan to look for a job within three months, while 15 percent plan to look within the next six months. And surprisingly, 38 percent of software engineers who have been with their current employers 8-10 years are most likely to leave their job in the next three months.

97% of software engineers read the review about the company before they join.

And after joined the company, every software engineers started thinking of moving to other company which offers more money and more flexibility than the current company.

Article by economic-times says, A considerable portion of Indian employees are unhappy with their current jobs and 60 per cent of them are planning to look for a new job with another employer within a year, says a survey.

Interestingly, despite the signs of job restlessness, 68 per cent of Indian respondents say they are happy in their jobs, one of the highest scores across the 30 countries.

Before switching your job to other company consider some points below,
- What are you really unhappy with current job
- How you are going to manage your financial goals
- List out all the things you plan to do
- Check out all the previous statistics before you go with new plan
- Take your time to quit the current job
- Talk to many people who have quit as possible


Author: Thanga Senthil Raja T, Software Engineer, CSC

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The top 5 job-hunting tips for 2014 grads

Beginning the search for your first post-graduate job is a daunting process that tens of thousands of people face each year. In my experience, soon-to-be graduates’ most common question is simply, “where do I start?” Fortunately, there are lots of great resources that answer that very question. Before you begin your search, take a minute to read through my five tips for job hunting graduates:

1. Leverage your school's career office as much as possible. 

Most universities have job posting websites, hold job fairs and offer workshops on getting your resume ready for a job search. Take advantage of these free resources while you are still a student. Your university may also be able to connect you with alumni who have already joined the workforce and work at companies you are interested in.

2. Start your networking close to home. 

Reach out to your current network of family and friends. Employers often have candidates referred to them by their employees, so knowing someone at a company can be a great way to get the initial interview. Research has also shown that employers benefit from the referrals by increasing the speed to hire, the quality of the candidates and the average length of employment. For this reason, there are many incentive programs for employees to recommend you. You never know – you may actually be helping your contact as much as they are helping you.

3. Set up job search agents on career sites. 

New grads tend to spend too much time and energy on simple online job searches, in the hopes of coming across a job opening. To bypass that tedious process, set up job search queries on career sites. Search agents allow you to save searches with keywords that crawl job postings all over the Web, across many sites. They will email you listings on a daily basis. This is a great way to hone in on jobs that best match your skills, experience, or interests.

4. Use a job search tracking worksheet. 

As you research, apply, and begin to hear back from companies and recruiters, you will be challenged with keeping track of a lot of information. By creating an organized worksheet, you can you track your resume submissions, networking contacts and interview details all in one place. Several career sites have tools created for this purpose.

5. Negotiate your salary. 

Undergraduates are typically too intimidated to negotiate their salary. Sometimes you won't be able to, and sometimes you may only be able to increase your offer by a little bit, but it helps to practice this important skill beginning with your very first position. You’d be surprised how common and expected salary negotiation is in the hiring process throughout your career.

By starting with these strategies, you will find the process less daunting. This will allow you to focus your time and attention on important job search techniques needed to land your first job, like interviewing and networking

 

By Valerie Sutton

Director, Career Services Office, Harvard Graduate School of Education

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Tips for Landing a Higher Paying Job

Unless you’ve recently retired, won the lottery or were elected President of the United States, chances are you’re looking to keep your career progression on track with increased responsibility and increased salary. Face it -- no one wants to be the assistant forever. 

So how exactly do you go about making the leap into a more lucrative position? Here are some tips to help you land that higher paying job.

Network Strategically

“It’s not so much about your resume anymore, but the people you know, and the people they know,” saysRachelle Falls, HR pro, blogger and conference speaker. She says people often think they aren’t well connected enough, but fail to realize they can be, with a few simple steps.

Falls’ first suggestion is to scan your social media connections for people with a job you’d like to have. If you’re currently a sales associate and want to become a sales manager in a certain industry, then look through your contacts and “locate those that have the job title and responsibilities you’re looking for,” she says. “Reach out and ask for a coffee meeting or a quick phone call.” 

Falls says most people will enjoy talking about their job and passing on advice to an up-and-comer. If you can’t find anyone in your contacts with a specific job you’d want, widen your search and tell people you’d like to be introduced to someone in that arena.

Next, embrace Twitter. Use it to find thought leaders in your industry. Follow them, read the articles they post, participate in chats they host, and begin a conversation. “Find out what interests they have, who they’re following and which topics they tend to focus on,” Falls says. “Participate in the discussion. Tweet a hello. Express an interest to learn more.”

Learn What You’re Really Worth

If you want a higher salary, you need to go into a job search with realistic expectations. “Research the market rate of the position you're seeking,” says HR manager Rory Trotter. “Many companies’ salary ranges are largely driven by market survey data. As such, if a recruiter asks what you’re seeking for a position you should be able to give a well-researched, market driven answer that reflects what you’re willing to work for.” PayScale is a great place to start your research.

Consider the Big Picture

Don’t focus so much on the higher salary that you end up with a nightmare of a job. “All things being equal, more money is better than less money,” says Broc Edwards. “The problem is, things are rarely equal and the gold tinted lenses...can cause us to miss the downsides until it's too late.” 

Instead, Edwards suggests also considering the intangibles a new position will bring, such as great mentors and challenging opportunities. “A fat paycheck can quickly turn into ugly and tight-fitting shackles, trapping us in a job we hate but can't afford to leave,” Edwards says.

Do the Math

When you do get that next offer and the salary bump, make sure to run the numbers and see if it will actually be an increase. It’s important to consider total compensation, Edwards says. “It's entirely possibly to be paid more and make less depending on insurance, retirement and profit sharing, training and development opportunities, expected work hours, travel requirements, commute time, relocation and cost of living [where] you would have to relocate,” he says.

 

By Dominique Rodgers
Monster Contributing Writer

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