Jobs Wanted/Available

While stating this here today, an official spokesman said that those ITI diploma and degree holders, who were registered with the Divisional Employment Office, could send their application along with all the relevant documents by July 15 for this purpose.

Previously, Indian firms had to limit their foreign hires to 1% of their workforce and pay them at least $25,000 a year (Rs11.68 lakh). Both restrictions have been scrapped in the new rules that were communicated to the ministry of external affairs by the ministry of home affairs in a let- ter dated 31 May. The ministry of external affairs then communi- cated the same to all Indian dip- lomatic missions.

The new rules came into effect immediately.

The home ministry has also asked that only "skilled" foreign workers be given work visas. "We have instructed our missions not to issue visas for unskilled work...that can be simply per- formed by an Indian. Visas will only be issued to highly skilled people, who bring technical ex- pertise into the country," said a senior home ministry official, who did not want to be identi- fied. This person added that In- dia has a population of 1.2 bil- lion and any employment oppor- tunity should first be made avail- able to Indians. The official said that the 1% policy was put in place at the request of the labour ministry, but that it was never re- ally followed.

India's labour secretary Prab- hat Chaturvedi clarified that the cap had been misunderstood. "The policy stated that an Indian embassy abroad can clear em- ployment visas only up to 1% (of a company's workforce) at its end. In case the employer de- manded more visas, the matter would be referred to the labour ministry." He said he wasn't aware about the recent changes in rules.

Source: Live Mint By Sahil Makkar & Elizabeth Roche 'Employment Visas For Foreigners: 1% Cap On Work Visas Minimum Annual Salery Of $25,000 Scrapped'

The Rajiv Gandhi Chandigarh Technology Park, set up here four years ago, provides direct and indirect employment to over 40,000 IT professionals. IT giants like Infosys. Bharti Airtel, Tech Mahindra have set up campuses here. Infrastructure major DLF has also leased out space to smaller software companies at the tech park. In fact, about 300 IT companies have set their base in the tri-city area.

Sumit Singh, corporate relationship manager, Tricity Consultants said, "Job opportunities were there in all leading companies or call centres, IT and telecom companies, who are providing software jobs in Chandigarh, Panchkula and Gurgaon and Mohali."

Ashish Nagrath of Global Voice, however, said agriculture sector which had shown negative growth for many years had grown by over 4% in north and it would be a major driving force for Punjab and Haryana's economic resurgence and creation of jobs in agro processing, food processing and marketing.

A recent survey by the Associated Chambers of Commerce and Industry also confirmed that there will be 87.37 million new jobs by 2015 but job market would be fueled by the agriculture sector and not IT alone. Agriculture incidentally is the mainstay of Punjab and Haryana. The growth will also come from manufacturing sector, which will add 27.88 million new jobs. Trade will be next with 24.24 million jobs, following construction with 15.13 million. Tourism-related employment, information technology and IT-enabled services and financial services will also grow.

Source: financialexpress.com By Charanjit Ahuja IT, BPO firms make Punjab, Haryana the job hot spots

The Union Ministry of Rural Development's special project for placement-linked skill development under the Swarnjayanti Gram Swarozgar Yojna (SGSY) is designed to equip the unemployed rural youth from BPL families with marketing skills for getting them employment.

The underlying idea behind the time-bound training and capacity-building programme is to bring a specific number of BPL families above the poverty line through job placement.

The Union Ministry of Rural Development has partnered with NIS-Sparta and Indira Gandhi National Open University (IGNOU) to implement the SGSY special project under the PPP model. IGNOU has been entrusted with the job of monitoring the project and certify the trainees.

"The exercise, which is in its first phase as of now, will gradually cover 15 states within the next few months. The candidates will be placed in the frontline sales and customer service.

Source: The Tribune By Sunit Dhawan Novel Project: BPL Youths As MNC Executives

The Delhi and NCR region saw an overall rise of 22.3 per cent in hiring during the January-March quarter, the survey by industry chamber Assocham said. "With improving demand for skilled manpower, balancing with the supply pool of higher education institutes, a rise of 35-40 per cent in corporate hiring is expected in the NCR region," it said.

The forthcoming Commonwealth Games is one of the biggest contributing factors driving this demand for manpower in sectors like construction, engineering, hospitality and event management, the survey said.

The survey is based on a sample of 96,569 job openings announced during the first three months of 2010. Companies operating in the Delhi NCR region are having substantive hiring plans for fresh MBAs and engineering graduates in sectors such as real estate, telecom, academics, banking financial services and insurance and FMCG.

"Indian job market seems to be striking right chord with country's working population, as more and more vacancies are being created and filled across sectors. On a conservative stand, percentage increase in hiring in the new fiscal can be between 10-15 per cent," Ernst & Young Partner and National Head (People & Organisation) N S Rajan told PTI.

"The telecom growth story would continue in the fiscal and hiring activity in this sector is likely to be in excess of 1,00,000 jobs," Rajan said.

Other sectors that are likely to lead hiring in the new fiscal include pharmaceuticals, FMCG and education, as they are facing a talent crunch at present.

Ernst & Young, however, believes that despite the ensuing euphoria over rising number of jobs, companies are likely to approach hiring with caution due to the hard lesson learnt in the past.

Source: Hindustan Times India Inc may ramp up hiring by 15 pc in FY'11: E&Y

LEAP YEAR A million new jobs. The best salary hikes in the Asia-Pacific region that will fatten purses of employees by 10 per cent on average. After the gloom of the slowdown, the sun appears to be shining again on India in 2010

It's the time of year when management graduates across the counry put on their best ties and head out to campus interviews. If they've been good students, they do so in been good students, they do so in expectation of salaries with as many digits as telephone numbers.

Last year was a bad year. The Indian Institute of Management in Ahmedabad, the country's top man- agement institute, took a record nine days to place its graduating batch. Even then, salaries were down by 25 to 33 per cent compared to 2008.

This year, the smiles are back. "We cannot say the offers were through the roof, but compared to last year, the num- ber of offers and packages has increased", says Himanshu Nema, a second year student and student head of the IIM-A placement committee.

Campuses around the country expect a better show this year. IIM Calcutta's campus recruitment began yesterday.

This year, 95 companies have turned up, compared to 80 last year, and more are expected. Prafull Agnihotri, chair- man of the placement and career devel- opment cell at IIM-C, says, "According to me, salary figures will not touch the 2008 mark, but students will definite- ly bag 20 per cent more than what was offered to them last year".

With inputs from Kamayani Singh in Delhi, Prasad Nichenametla in Ahmedabad, Salil Mekaad in Bangalore and Mou Chakraborty in Kolkata

mahua.venkatesh@hindustantimes.com

Source: Hindustan Times by Mahua Venkatesh We Bring Good News  - Expect Jobs & Hikes

• WHERE ARE THE JOBS?

• Engineers and MBAs are back in demand.

• THE MACRO VIEW

• LOOK WHO'S BACK

2009 was a defining year for several professionals and the job market witnessed a return of sanity after the three year bull phase. Senior professionals chastened by the past experience of excessively focusing on compensation and thereby making short term career calls are now looking to focus on the long term. Across the board, compensation levels were either static or witnessed modest single digit increases during the year and will continue to remain so as companies may not go overboard this time around. However, we are seeing big spikes in variable compensation even across traditional sectors as companies prefer to pay more for performance and keep fixed costs under check. Stock options which had temporarily lost its sheen are seen to be back in vogue.

The financial services sector bore the brunt of the slowdown. The retail financial services and broking businesses witnessed job losses as most banks and NBFCs wound up unprofitable lines. However, the wholesale and investment banking businesses have continued to hire selectively especially in the area of debt capital markets and related areas. We expect the situation to turn around across the sector gradually by the third quarter of the year. Compensation and bonuses in the sector have come under intense scrutiny from the regulators and are unlikely to see major upheavals in the near term, though in relative terms, executives in the sector continue to be the highest paid.

Looking forward, we expect the power and heavy infrastructure sectors to continue its robust growth spurring demand for professionals in the areas of project management, especially mega projects and CFOs with big ticket fund raising expertise apart from project specific niche areas. Further, we have seen increased demand for expatriate executives and returning Indians as local expertise is lacking or non existent in new growth sectors like power, airport infrastructure and allied areas which have been opened up to the private sector. However, the commercial and residential real estate sector which witnessed steep erosion in capital values seems to be limping back to action, but the outlook still seems hazy.

By K Sudarshan,
Managing Partner-India,
EMA Partners International.

Source: Economic Times 'No scarcity of job opportunities in 2010'

A framework has been drawn up for providing large-scale employment to the people and, in the coming years, no household would be left which does not have at least one member employed. The Chief Minister held out this assurance while redressing people's grievances at the Irrigation Rest House here.

"I have compassion for the cause of the common man and will strive hard to provide them maximum facilities and benefits. During my previous term, developmental works were carried out in every area without any discrimination, and this would continue in my present term also", Hooda said.

The Chief Minister said that as many as 22 professional guidance units had been set up in the state to impart knowledge about the various avenues available to the jobless youth. These would guide them to select the profession in keeping with their capabilities and aptitude.

Besides, private placement cells have been set up at Gurgaon, Faridabad, Sonipat, Yamunanagar, Rohtak, Hisar, Panipat and Bahadurgah to make capable candidates available to entrepreneurs in the private sector. District Employment Offices have been computerised and connected through internet to provide speedy information to the unemployed.

Source: Economic Times Haryana govt committed to providing jobs

In the run up to the Commonwealth Games -- that Delhi would be hosting in October next year -- the Games Organising Committee (OC) is on a hiring spree.

It is looking for interested professionals -- both in the government and corporate sector -- who are willing to join and help in the successful organisation of the games.

At present the OC has 450 staff on it rolls but this, officials said, is woefully short to meet the requirement.

"We will need a total of 1,500 to 1,600 paid staff at the Organising Committee," said Randhir Singh, vice chairman of the OC.

The committee has set aside a budget of Rs 100 crore (Rs 1 billion) to meet the existing and proposed manpower cost.

Source: Hindustan Times Looking for a job? Join the Games brigade

Home Tutors wanted for 12th class student for Physics , Chemistry , Maths & Multimedia Webtech .

Contact :: 9717072555 , The Nile , Sec 49 , Sohna Road , Gurgaon

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When a global asset management company decided to hire a new country head for India in May, the timing seemed ideal: not many financial service companies were recruiting and the market was flush with talent. But after four months of constant negotiations, the company is yet to complete the process as the selected candidate is demanding more money than it could offer.

Similarly, when a technology company that employs 10,000-odd people in India decided to hire a new CEO a couple of months ago, it took a few thousand dollars more and an extra month than the company had in mind to get the candidate on board.

Suddenly, candidates for top jobs are bargaining hard and long in a job market that’s tilting back in favour of the employee, with a clutch of companies across sectors returning to fill up the vacancies after almost a year.

“We are witnessing a situation where the outstanding leadership talent is being pursued by multiple opportunities, thereby vesting significant negotiation power with these executives,” said Atul Vohra, managing partner of executive search firm Transearch International.

Source: Economic TimesWanted: Reasonable candidates for top jobs

Shaking off its slowdown-induced chill, corporate India is recovering its appetite for growth. And the talent needed to drive it.

Jobs are back.
From consumer goods to retail, infrastructure to automobiles, employers are once again scouting for staff.

Consider this: According to apex industry body Assocham, in the National Capital Region alone, employers were adding more than 400 new jobs every day. That is 49,750 jobs at different levels between April and July this year alone. The outlook for fresh hires is even more positive.

India's largest job portal, Naukri.com, said India Inc's hiring activity picked up 8 per cent in June and a further 1.3 per cent in July.

In its survey on hiring trends, based on polls of over 5,000 employers spread across the country, the outlook for jobs has improved across the board, with IT, real estate, financial services, fast food and retail sectors leading the pack.
According to a quarterly survey by global recruitment firm Antal International, the percentage of companies in India hiring professionals and managers is up 51 per cent, after a dramatic fall to 29 per cent at the beginning of 2009.

As a result, job prospects for professionals and managers in India are now better than the global average, the survey said.

Hiring outlook for the next three months also looks promising, with as many as 66 per cent Indian companies expecting to recruit.

Source: India Today Firms On The Manhunt As Slump Eases

Global outsourcing vendors, such as Accenture and Capgemini, are increasingly poaching staff from Indian rivals as they tap into BPO professionals to compete more effectively against companies like TCS, Wipro and Infosys. As offshore outsourcing goes mainstream, overseas multinationals are hiring Indians to head their sales teams in key markets in Europe and the US, a shift from the practice of employing locals to win contracts.

"This is happening for several roles spanning sales, sales support and delivery. There is in a sense, even positive discrimination towards Indians now," an Indian executive who joined an MNC in Germany recently told ET on condition on anonymity.

Offshore outsourcing, or remote delivery of software application development, maintenance and support from countries such as India, helps customers such as GE and Citibank save up to 40% in costs. Indian companies started using offshore outsourcing to their advantage around a decade ago by wooing customers with major cost benefits.

About a dozen or so top professionals have left an Indian company in recent months to join multinational competitors. Padmanabhan Ananthanarayanan, who headed India's largest software exporter TCS' sales organisation in Europe until February this year, joined Accenture in March as director for its outsourcing business based in Germany.

Source: Economic Times Global BPO vendors source staff from India

About 49,000 openings were offered by companies at different levels in April-July 2009-10 in the National Capital Region (comprising Delhi, Gurgaon, Noida, Greater Noida, Ghaziabad and Faridabad) as compared to 42,501 openings between December-March 2008-09, the industry body said.

"Of total 49,750 number of job openings in the region, 46.4 per cent accounted for Delhi, while remaining 53.6 per cent went to rest of the region," Assocham Secretary General D S Rawat said.

He added the employment sector is likely to pick up as the signs of economic downturn are diminishing significantly.

Out of the total share of employment opportunities offered, companies in Gurgaon has offered the maximum number of jobs (23 per cent) followed by Delhi, Noida/Greater Noida (20 per cent), Ghaziabad (5.6 per cent) and Faridabad (4.9 per cent) and in sectors like IT/ITeS industry, academics, banking financial service and insurance sector, Assocham said.

With the Commonwealth Games 2010 fast approaching, the growth in the number of new vacancies in construction, hospitality and infrastructure sector would also increase, it said.

TeamLease Services Managing Director Ashok Reddy said that the demand for temporary employees had gone up nearly 100 per cent from the earlier levels.

"On an average, we have over 3,000 vacancies now, against the peak of 8,000 to 10,000 in 2005 and a low of 1,400 some months ago. Sectors like telecommunication, financial services, fast-moving consumer goods and IT to some extent have enough openings that need to be filled."

"There's a marginal improvement in the job market. But since larger job markets like the US and Europe are still under pressure (several large employers are headquartered there), it's too early to say anything," Ma Foi Management Consultants CEO and Director E Balaji added.

He attributed the marginal improvement in demand to opportunities in sectors like pharmaceutical, life sciences, healthcare and power which have not borne the brunt of the slowdown.

Source: Business-standard Job drought could end soon; recruitment agencies see pick-up in hiring

The minister informed the Lok Sabha that as per the estimation of the ministry based on a specific study in 2003-04, the yearly additional requirement of trained manpower of the hospitality industry is of about 200,000 people.

Selja said considering the shortage of skilled manpower in the sector, the government has initiated a programme for skill development for youth in the age group of 18 to 25 years and for those who are at least Class 8 pass.

"The programme will impart training in food and beverage service and food production so that the trainees become employable," she said.

She said under the ministry's scheme of capacity building for service providers, they enable training of cooks, waiters, drivers and other service providers.

"The computerisation process of major employment exchanges of the country is on and will be completed in the next three months.

"Once this is done, all information about job opportunities and those listed in the exchange will be available on a website," Union Minister of Labour and Employment, Mallikarjun Kharge told PTI.

This could be a boon for job seekers as the proposed 'national portal' will make all employment-related services available on a single window.

"The web portal would be a storehouse of information on availability and requirement of skilled persons and would also network with industrial training institutes and other centres," a senior official of the Ministry said.

Modernisation of employment exchanges across the country will help students register online and reach out to any exchange in the country.

The National e-Governance Plan had identified employment exchanges as one of the Mission Mode Projects.

The modernisation move will also enable real-time usage of online data submitted by employers for providing opportunities to job seekers, the official said.

Availability of data would also help both the Centre and the state governments to plan policy interventions, the official said.

Modernisation of the exchanges will be launched in two phases, covering Haryana, Rajasthan, Orissa, Andhra Pradesh and Assam in the first phase and the rest of the states in the second phase.

The entire project is expected to be completed in 36 months from commencement of the work.

The Labour and Employment ministry has held a series of meetings with state governments and the detailed project report is in the final stages of preparation, sources said.

National Institute for Smart Government (NISG), a non- profit making organisation, has been selected as a principal consultant for the modernisation of the employment exchanges.

Services of established job portals would also be sought to make the project possible, the official said.

Once the exchanges become fully active, they are expected to provide quality guidance on capabilities assessment, employment counseling and vocational guidance, and training- related information to the job seekers.

"This would enable a job seeker to register online from anywhere and approach any employment exchange," Union Finance Minister Pranab Mukherjee said while presenting the Union Budget on Monday.

The project will be launched in public-private partnership (PPP) mode.

Under the project, a national web portal with common software will be developed. This will contain all the data regarding the availability of skilled persons, on the one hand, and requirements of skilled persons by industry, on the other.

It will help the youth to get placed and enable industry to procure required skills in real time, Mukherjee added.

Job loss is one of the worst fallout of any economic slowdown. What began as a housing mortgage crisis in the US last year quickly sipralled into a global economic meltdown and from September 2008 companies across the world began downsizing their workforce to cut losses.

India too felt the tremors with close to 50,000 laid off in a span of two months, according to executive search firm Redileon Search Partners.

Sectors that have witnessed the axe include real estate and construction whic saw 79 per cent cut in its workforce. Job is export and trade, too, are down by 79 per cent while IT and hospitality sectors have witnessed a dip of 50 per cent. Banking and financial sector saw job cuts by 22 per cent.

But numbers alone don't explain the full story.

''One afternoon when I went to office… I was suddenly called by the editor and all of a sudden he said that you have to go,'' says Barid Baran, who worked as corporate communication manager.

Source: ibnlive.in.comIndian job market better off than western countries