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Slowdown hurts recruitment companies

Recruitment firms are beginning to sense the slowdown following the global financial crisis. Many sectors, such as banking, financial serv ices, insurance, realty and IT that are the top recruiters, are seeing a decline in hiring. As a result recruitment agencies are either slashing their staff strength while smaller firms are contemplating shutting down operations. Earlier, when the Indian economy was on a strong growth path, the Sensex hit record levels of over 21,000 and foreign firms inv...
Published about 06-11-2008 | Rated -1
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IT cos ask recruitment agencies to stop hiring

The banking, financial services and insurance (BFSI) segment is the largest outsourcing vertical for Indian technology players. The space contributes up to 40% of the revenues for some top IT firms. The industry employs around 3,50,000 people in the BFSI space of which the top six players alone account for 180,000 jobs. The domain accounted for $10 billion of the total $32 billion revenues the industry posted during the last fiscal. Combine these facts with the crisis in Wall Street, and w...
Published about 06-11-2008 | Rated 0
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Biyani in recruitment, education foray

Good timing or bad? Only time will tell. Kishore Biyani is launching a recruitment company just when companies are resorting to lay-offs and hire-smart policies to optimise human resources expenditure. Biyani’s Future Group has entered into a joint venture with Net Employment Services Pvt Ltd (NET HR) to launch Future Education Ltd (FELTD). The financial details of the venture could not be ascertained. Damodar Mall, group customer director and erstwhile CEO of innovation and incubati...
Published about 06-11-2008 | Rated 0
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UK’s Top Recruitment Agencies Revealed at 2008 Recruit Rank Awards

UK jobseekers nominated the country’s top performing recruitment agencies for customer service at the annual Jobsite RecruitRank Awards ceremony, which took place on Thursday night. Recognising best practice and customer service in recruitment agencies, the RecruitRank Awards (www.recruitrank.co.uk) are the only industry awards based purely on feedback from jobseekers and not the traditional peer judging panel. Launched in November 2005 by Jobsite.co.uk with the aim of reducing candidate jo...
Published about 06-11-2008 | Rated 0
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Legal recruiter sees 66% reduction in new jobs

Legal Recruitment Consultants Ten-Percent Legal issued their monthly report today showing that October 2008 figures were down by 66% compared with October 2007 for legal jobs posted with the company. Ten-Percent Legal Recruitment, online recruitment specialists and part of the Ten-Percent Recruitment Group, reported today that legal jobs for solicitors and qualified lawyers registered with them were down by 66% compared with the same time last year. Jonathan Fagan, MD, said "during Octob...
Published about 06-11-2008 | Rated 0
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Need for Corporate Ethics

THE NEED FOR CORPORATE ETHICS A workplace that has no regard for ethical standards runs the risk oflosing valuable employees and customers. If you do not value honesty andintegrity, employees will become disgruntled and customers will take theirbusiness elsewhere. A lack of ethics or integrity in your organization can cost you morethan just disgruntled employees and dissatisfied customers. Federal sentenc-ing guidelines adopted in 1991 impose heavier penalties on companies con-victed of crim...
Submitted by Zaman | Rated +1
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Prepartion for Recruitment

S1 SECTION 1 – PREPARING FOR RECRUITMENT Prior planning and preparation can achieve a more innovative and strategic approach to recruitment. This section covers the work that could be done before job vacancies occur. Opportunities to prepare are in the following areas: • Strategic workforce planning and adjusting recruitment to meet organisational needs; • Designing jobs and preparing job descriptions; • Establishing the work-related requirements for each job; and • Evaluating ...
Submitted by Zaman | Rated +1
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Hiring Employees: A Checklist for Success in Hiring Employees

Selection and Hiring Checklist Want to recruit and hire a superior workforce? This checklist for hiring employees will help you systematize your process for hiring employees, whether it`s your first employee or one of many employees you are hiring. This hiring employees checklist helps you keep track of your recruiting efforts. This hiring employees checklist communicates both the recruiting and the hiring process and progress in recruiting to the hiring manager. Your feedback and comments are ...
Submitted by Zaman | Rated +1
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Why Resume Cover Letters Should Matter to Employers

Job searching specialists and career counselors recommend that job applicants write a customized resume cover letter to accompany each resume sent to an employer. They’re right. As an employer, a customized resume cover letter matters. A resume cover letter saves you time, connects the candidate’s relevant experience to your advertised job, and provides insight into the candidate’s skills, characteristics, and experience. The factors viewed as important by your candidate are emphasized ...
Submitted by Zaman | Rated +2
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Making an Effective Oral Presentation

The first problem with oral presentation is that most of us suffer from what is called ‘Stage Fright’ - a fear of standing before an audience and addressing them. Let me tell you even many years of public speaking do not remove stage fright. It is only an expression of the fear of looking foolish before other people. How can a speaker cope with stage fright? Bear in mind the following: • You are not alone. Even great speakers suffered from this problem. • Your audience knows the p...
Submitted by Zaman | Rated +2

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