Hiring demand by small businesses is on rise

New Delhi: The job market doors are reopening. Including the IT and ITeS space, also the small firms in retail, banking and realty sectors are hiring in large numbers, which is opening up new business opportunities. Almost 10 percent of SMEs (small and medium enterprises) in India are planning to hire additional staff, according to a recent study by New York-based Access Markets International (AMI) Partners. As reported by the Economic Times, the study reveals that the impact of the current e...
Published about 30-10-2009 | Rated 0

Software firms find 75 percent Indian engineers unemployable

Bangalore: Indian IT firms reject 90 percent of college graduates and 75 percent of engineers who apply for jobs because they are not good enough to be trained, according to Nasscom. Can India`s high growth continue? No. Last year India produced goods and services worth $1.2 trillion. This is around Rs50,000 per Indian. Of this, 54% came from services, 29% from industry and 17% from agriculture. Services include trade, transportation, hospitality, mobile telephony, and software and outsourcin...
Published about 29-10-2009 | Rated 0

Global financial majors back on IIM campuses

New Delhi: After a year-long absence from the campuses because of the global recession, the global financial majors are back in hiring business at Indian Institute of Management (IIMs) for summer internship season, which points to a final placement list. Goldman Sachs, the investment bank which is emerging from the slowdown, is back at IIM campuses with a bigger number of offers. Morgan Stanley, JPMorgan, McKinsey & Company, UBS and Boston Consulting Group are among the other financial majors...
Published about 29-10-2009 | Rated 0

Job seekers are aplenty; but where is the talent?

New Delhi: Although the number of job seekers has grown substantially since the beginning of the economic crisis, employers around the globe are having a tough time in finding suitable candidates with the right skills. According to the study by SHL, a global workplace talent assessment solutions provider, recruiters are still struggling to identify the right people for their firms, despite the fact that unemployment has touched a record high globally. Almost half (41 percent) of the recruiter...
Published about 29-10-2009 | Rated 0

Nuclear sector to recruit 2000 engineers every year

Mumbai: Now, not only IT industry, engineering students have an option to enter into the nuclear sector, as it is being expected that the country would need about 2,000 trained nuclear engineers every year to staff the increased capacity. Indian government is planning a five-fold ramp-up in the existing nuclear power capacity by 2020 and a strong interest by global majors to shift manufacturing operations to India. Currently, the number of specialist nuclear post-graduates and PhDs from II...
Published about 29-10-2009 | Rated 0

Scared to join a startup?

India has become the Silicon Valley of the east and a nurturing ground for startups but these startups are often targeted with wrong assumption and myths. The most common myth that an applicant assumes is that working for startup is risky and unsecure. Viswanath "Vishy" Ramachandran, CTO of Webaroo said that this is not true as it completely depends on the company a person joins. Sometimes it happens that employees working for big companies will get thrown out for not performing. While many empl...
Published about 29-10-2009 | Rated 0

Indian firms may face mass talent exodus

With the revival of the economy, Indian firms may once again face talent exodus, if they do not take measures to attract top talent and retain employees now. According to a study by global online employment solution provider Monster.com, a dramatic difference exists in perception of employers and workers about the impact of current downturn. The study says that the trend may potentially lead to employers facing mass talent drains as the labor market begins to turn. The research report prepared...
Published about 28-10-2009 | Rated 0

Forget peace if you are a top honcho in India

Being a top executive in India can be very stressful, since they need to adjust to different time zones for holding discussions with their colleagues and clients. Ravi Chauhan, Managing Director of Juniper Networks India is one of them, who wakes up early in the morning to prepare for conference calls with his bosses in the U.S., reports the Times of India. Since Chauhan heads one of Juniper`s fastest growing markets, his inputs are essential at any important meeting at the headquarters. So ...
Published about 28-10-2009 | Rated 0

Australian telecom firm to shift 150 jobs to India

Crazy John`s, the Australian mobile phone retailer, will be offshoring 150 jobs to Mumbai, with up to 200 employees facing redundancy after Christmas holidays. The restructuring would happen in the first half of next year, Fox News quoted sources, as saying. After Christmas, jobs will be offshored to Mumbai, where the mobile phone retailer`s parent company, Vodafone Hutchinson Australia, operates a call centre. According to the sources, the remaining Crazy John`s staff to be made redundant ne...
Published about 28-10-2009 | Rated 0

Entrepreneurship emerges as a career choice on campuses

There is more interest shown by students towards entrepreneurship with incubation centers across campuses fostering the young entrepreneurs. His batchmates will be busy wooing and being wooed by recruiters this placement season, but 26-year-old Mainak Chakraborty, who will graduate in 2010 from the Indian Institute of Management, Bangalore (IIM-B), has chosen to sit out the season. Chakraborty wants to start a company that will set up recharge centres for electric vehicles. And he is hoping to i...
Published about 28-10-2009 | Rated 0