Weblog
Monday, 08 December 2008
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Indian BPO industry
India leading the world in the BPO sector with its knowledge heads proving to be the best destination in the world for outsourcing.
BPO is been established in this country a decade ago to bring cost advantage, generate economies of scale and intellectual arbitrage. Visionaries are happy today that what they dreamed has proved and saved the world to a greater extent.
What made India the destination?
Economic Indicators
What companies look for in selecting an offshore location is the economics of the destination? India with a GDP of 9 to 10% proved to be the emerging economy for any company to kick start their operations. In the deepest recession visible in 2008 due to global financial crisis, India showing resilience to this and growing at 8 to 9% annually is a practical example of why India is ahead of other countries as Outsourcing destination.
Geographical Indicators
Indian placed in the safe geographies of the world with decent climate has been an attractive place to live and work. There has been a limited scope for natural calamities in India compared to the rest of the world.
Knowledge indicators
With knowledge pool of 500 million and strong education system proved India to be the destination for the future business place. Indians are present everywhere and there list is countless in fortune 500 companies. Today India has more SME (subject matter expertise) then anywhere in the world.
Employee costs
India with a rich knowledge pool and cost advantage as always proved to the destination for intellectual arbitrage.
Language Skills
English part of the curriculum and the medium in Indian schools helped India maintain an edge over the other Asian and Latin American countries.
Politics
Governments in India have always provided a stable ruling and investor friendly climate to attract overseas investments. The government has developed several SEZ (special economic zones), I.T parks, Regulating authorities, Employment societies, infrastructure initiatives and education programs. -
Tips for Interview day
1. Brainstorm yourself and identify your strengths and weakness. Try to work out on weakness because most of the time the interviewer focus on weakness rather than strength. Overwhelm your strength at interview to shadow your weakness.
2. Before attending any interview knowing the requirements of the job is most important. Relate yourself to the job and identify how you are going to help the organization and yourself with the job. Recruiter’s focus will be on how interesting you are towards the role and your skill set for the position.
3. Knowing the company before the interview is the basic ground work any interviewee should do: like its products, services, competitors, history, size, location management.
4. Prepare for the common questions which are asked in interview.
5. After the interview don’t forget to clarify the questions revolving in your mind. This is the time to inquire about the nature of the work, the working conditions, working hours, training programs given to employees, chances for career growth and advancement, and any other points that may have not been covered yet. Questions pertaining to salary or benefits are never discussed at an interview unless the interviewer introduces them. You may ask these questions after the job is offered to you, and before you accept.
6. Personal appearance is most critical in the interview room and the easiest one to practice. Try to groom yourself professionally.
7. Know the interview venue beforehand. Find out the exact time and place for your appointment and program yourself to allow for emergencies, such as a traffic jam. If you are unfamiliar with the location where the interview will take place, you should check it out beforehand
Saturday, 06 December 2008
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Telecom and Internet job opportunities for 2009
India is emerging as one of the biggest nation on broadband usage and the highest number of mobile users in the world. Credit goes to the strength of the infrastructure and the vision of the nation which changed its destiny in this decade. While the rest of the world is seeing recession, opportunities in India are still vibrant with new infrastructure and development activities taking new miles. As more individuals will start using the telecom and internet services, more job opportunities will emerge in these sectors.
As per research Telecom and internet vacancies in India have grown 30 to 40% more in 2008 with more businesses going online. In 2008, statistics showed that nearly 70 to 80 million of the population of India are using the Internet and 300 million mobile users to become the third largest user of internet services and mobiles in the world. To support the above facts, more jobs are opening in the telecom industry to meet the growing demand for Internet and telecom infrastructure, particularly high-speed infrastructure.
Finding jobs in the telecommunication industry in India isn’t as difficult as you might think. As new technology opens new doors and creates all new telecom vacancies. The challenge, however, can be in finding those telecom vacancies when they exist. All a job seeker need to do is to visit the career pages of these companies from time to time to find openings.
Operators in India:
• Bharti Televentures
• BSNL Data Access
• MTNL
• Reliance
• VSNL
• Vodafone
• Spice
• Idea
• Aircel
• Tata teleservices
Friday, 05 December 2008
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BFSI: Recruitment Outlook for 2009
Jobs in banking and financial services is holding high even in times of recession shadowing globally, If this market holds up then 2009 will be optimistic for job seekers.
Recruitment climate: India is the best place to find opportunities in investment banking at this point of time with more global outsourcing happening and more big IB’s moving to India for their captive units. TCS takeover of Citibank back office operation is a classic example of how the business structure is evolving and hope we can witness similar acquisitions in this space in 2009.
College climate: In the campus recruitment space software jobs are replaced by recruitment in BFSI (banking financial and insurance sectors) with more commerce graduates placing into MNC’s with big packages. It’s no longer a surprise to hear of an MBA package at the mediocre college at Rs. 20,000, this can be reflected in the seats fill up at engineering and commerce colleges where the latter seats are filled first before anything else.
Hot Jobs in India
1. Commodity Research. There’s a huge shortage of people in commodity research at the moment as there hasn’t been much history for regularized commodity market in India.
2. M&A. India being the destination due to intellectual arbitrage will be a strong market in the days to come in the M&A space.
3. BOND market. The Bond market was not significant all these days but the current financial turmoil can create high volume of jobs in this arena.
Thursday, 04 December 2008
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Job Market in Indian Cities
Every fresher’s day starts with Logging into naukri.com, monster.com or job search engines like jobmixi.com to find new job openings across Indian cities. The interesting figures from ASSOCHAM reveal how job market is spread in different cities in India.
Below are the cities with ranking and job share.
Rank
City
Job % share
1
Mumbai
18.52
2
Gurgaon, NCR
15.41
3
Delhi
11.55
4
Bangalore
10
5
Pune
8.9
6
Chennai
8.8
7
Hyderabad
8.1
8
Lucknow
6.61
9
Kolkata
6.49
Interesting fact is that Mumbai is still on the top of the list with finance jobs with Gurgaon second leading with BPO and I.T jobs. Recruitment in south Indian cities is slowdown with slump in I.T and banking sectors. Kolkata with an edge on cost is still 9th on the list with no change from the previous years.
Believe the above list might help freshers in targeting their jobs appropriately.
jobtrendsinindiamarket
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- Member Since: 12/1/2008
