Jobs aplenty in sunrise areas
It is boom time in India. The country’s economy is poised to touch double digit growth after achieving the 9.2 per cent mark in the current fiscal. The credit for engineering this robust growth goes chiefly to manufacturing and services sectors. The brisk pace of the country’s economic growth is set to throw open innumerable job opportunities for the youth. But little is heard about the new career alternatives from the campuses of our 200-odd universities, incl uding over 100 general universities, a dozen science and technology universities, 30-plus agricultural universities, five women universities, 11 language universities, and 11 medical universities.
New thrus
A recent study conducted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has found that sectors such as retail, aviation, hospitality, entertainment and brokerages will get paramount thrust in the next few years. A vast array of opportunities will be generated in these so-called sunrise industries. The study on ‘job opportunities in emerging sectors’, brand-named the ASSOCHAM Business Barometer (ABB), has revealed that a wide information gap exists for the students aspiring for rewarding careers. Says Venugopal N. Dhoot, president of ASSOCHAM: “Our ABB is aimed at bridging the information gap for students thronging the university campuses. The students, as also their parents, are well advised to seek admissions in those areas where opportunities exist than making a beeline to a selected courses.”
The ABB assures that Information Technology (IT) and IT-enabled Services (ITeS) will continue to hire manpower most aggressively in the years to come. Having hired a workforce of nearly 1.63 million by March this year, IT-ITeS has proved that it has been the biggest employment sector in recent times. The IT-ITeS industry is projected to require 50,00,000 technology professionals in three years.
K.R. Srivathsan, Director of the Indian Institute of Information Technology and Management-Kerala (IIITMK), Thiruvananthapuram, says that most emerging sectors need people with capacity to work in unique environment. “Our management schools need to re-orient themselves towards meeting that requirement,” he says. He says logistics management in all sectors should be taught in a more sensitive manner. It should get priority in the changing scenario, Dr. Srivathsan says.
Skill levels
Apart from the highly skilled engineering jobs, Business Process Outsourcing (BPOs), Knowledge Process Outsourcing (KPOs) and more recently Legal Process Outsourcing (LPOs) have been offering a variety of jobs requiring different levels of skills. The $9.5-billion BPO industry may employ close to 23,00,000 people by 2010, the ABB study says. Following the BPO success in India, the global companies have begun to increase their presence in the knowledge processing. KPO industry is currently worth three billion dollars and is projected to scale up to $12 billion in three years.
After BPO, the KPO industry is emerging as a lucrative job destination for the youth. KPOs, which require high-end skills and intellectual attributes, will throw job opportunities in the higher pay-scale category. According to ASSOCHAM, the players in the KPO sector are looking to hire professionals for financial analysis, equity research, treasury operation, credit decision processes and accruals services among others. The segment is set to create 2,50,000 jobs by 2010, hiring workforce from a range of backgrounds from science, engineering, law, accounting, pharmaceuticals to technological streams.
Although at a nascent stage, LPO is projected to grow fast owing to a significant cost advantage in India. ASSOCHAM says that LPOs will generate about 79,000 jobs by 2015. At present the processes being outsourced to India include patent application drafting, legal research, pre-litigation documentation, advising clients, analyzing drafted documents, writing software licensing agreements and drafting distribution agreements.
According to Sanjay Kamlani, co-CEO of Pangea3, a global leader in LPO, the entire global legal market is now open to Indian law professionals.
The retail sector
ASSOCHAM study underlines that high consumer spending has spawned a huge interest in the largely unorganised retail sector.
It is estimated that the retail sector will add $14 billion in terms of market size by 2010 to cross $21.5 billion. Considering the size and the purchasing power of the Indian consumer, it is only a matter of time before our domestic retail industry catches up with its Western counterparts. India is in the midst of a retail boom. Some business schools, according to P. Mohan, head of the Department of Commerce and Management Studies, Calicut University, have begun to respond to the retail boom. “Retail management has been added to the MBA curriculum,” Dr. Mohan says.
The ABB study says that retail is expected to create the maximum number of job opportunities among the upcoming fields after IT-ITeS. The forecasts suggest that the sector may produce 20,00,000 jobs by 2010 directly through retail operations.
Aviation, other sectors:
The aviation sector in India is growing at a whopping 25 per cent per annum, creating abounding job opportunities.
Openings would be generated in the areas of flight dispatchers, cabin crew, airline managers, airport managers and ground handling personnel as well. The industry would create 2,00,000 jobs by 2017.
With the business travel increasing at a rapid pace and Commonwealth Games round the corner, hoteliers are in the expansion mode. The sector would need a fresh workforce of at least 94,000 by 2010-11. HR managers are looking to hire graduates from home science, commerce, physics and engineering for the sector. Bollywood-driven music industry including expanding reach of FM is leading to expansion of the entertainment sector in a big way. Besides, the content creating firms for the television have grown manifold. The animation industry has grown by over 30 per cent on year-on-year basis in the last three years and looks promising in the time to come as well. The segment alone would need close to 3,00,000 professionals by 2009, says the ASSOCHAM study. Growing at more than 10 per cent for the past three years, Financing, Insurance, Real Estate and Business Services have outpaced overall GDP growth. With investment and banking companies growing at a rapid pace there would be many vacancies in retail banking, asset management and financial management.
Saturday, January 5, 2008
Oppurtunities for Engineering Education
Jobs aplenty in sunrise areas
It is boom time in India. The country’s economy is poised to touch double digit growth after achieving the 9.2 per cent mark in the current fiscal. The credit for engineering this robust growth goes chiefly to manufacturing and services sectors. The brisk pace of the country’s economic growth is set to throw open innumerable job opportunities for the youth. But little is heard about the new career alternatives from the campuses of our 200-odd universities, incl uding over 100 general universities, a dozen science and technology universities, 30-plus agricultural universities, five women universities, 11 language universities, and 11 medical universities.
New thrus
A recent study conducted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has found that sectors such as retail, aviation, hospitality, entertainment and brokerages will get paramount thrust in the next few years. A vast array of opportunities will be generated in these so-called sunrise industries. The study on ‘job opportunities in emerging sectors’, brand-named the ASSOCHAM Business Barometer (ABB), has revealed that a wide information gap exists for the students aspiring for rewarding careers. Says Venugopal N. Dhoot, president of ASSOCHAM: “Our ABB is aimed at bridging the information gap for students thronging the university campuses. The students, as also their parents, are well advised to seek admissions in those areas where opportunities exist than making a beeline to a selected courses.”
The ABB assures that Information Technology (IT) and IT-enabled Services (ITeS) will continue to hire manpower most aggressively in the years to come. Having hired a workforce of nearly 1.63 million by March this year, IT-ITeS has proved that it has been the biggest employment sector in recent times. The IT-ITeS industry is projected to require 50,00,000 technology professionals in three years.
K.R. Srivathsan, Director of the Indian Institute of Information Technology and Management-Kerala (IIITMK), Thiruvananthapuram, says that most emerging sectors need people with capacity to work in unique environment. “Our management schools need to re-orient themselves towards meeting that requirement,” he says. He says logistics management in all sectors should be taught in a more sensitive manner. It should get priority in the changing scenario, Dr. Srivathsan says.
Skill levels
Apart from the highly skilled engineering jobs, Business Process Outsourcing (BPOs), Knowledge Process Outsourcing (KPOs) and more recently Legal Process Outsourcing (LPOs) have been offering a variety of jobs requiring different levels of skills. The $9.5-billion BPO industry may employ close to 23,00,000 people by 2010, the ABB study says. Following the BPO success in India, the global companies have begun to increase their presence in the knowledge processing. KPO industry is currently worth three billion dollars and is projected to scale up to $12 billion in three years.
After BPO, the KPO industry is emerging as a lucrative job destination for the youth. KPOs, which require high-end skills and intellectual attributes, will throw job opportunities in the higher pay-scale category. According to ASSOCHAM, the players in the KPO sector are looking to hire professionals for financial analysis, equity research, treasury operation, credit decision processes and accruals services among others. The segment is set to create 2,50,000 jobs by 2010, hiring workforce from a range of backgrounds from science, engineering, law, accounting, pharmaceuticals to technological streams.
Although at a nascent stage, LPO is projected to grow fast owing to a significant cost advantage in India. ASSOCHAM says that LPOs will generate about 79,000 jobs by 2015. At present the processes being outsourced to India include patent application drafting, legal research, pre-litigation documentation, advising clients, analyzing drafted documents, writing software licensing agreements and drafting distribution agreements.
According to Sanjay Kamlani, co-CEO of Pangea3, a global leader in LPO, the entire global legal market is now open to Indian law professionals.
The retail sector
ASSOCHAM study underlines that high consumer spending has spawned a huge interest in the largely unorganised retail sector.
It is estimated that the retail sector will add $14 billion in terms of market size by 2010 to cross $21.5 billion. Considering the size and the purchasing power of the Indian consumer, it is only a matter of time before our domestic retail industry catches up with its Western counterparts. India is in the midst of a retail boom. Some business schools, according to P. Mohan, head of the Department of Commerce and Management Studies, Calicut University, have begun to respond to the retail boom. “Retail management has been added to the MBA curriculum,” Dr. Mohan says.
The ABB study says that retail is expected to create the maximum number of job opportunities among the upcoming fields after IT-ITeS. The forecasts suggest that the sector may produce 20,00,000 jobs by 2010 directly through retail operations.
Aviation, other sectors:
The aviation sector in India is growing at a whopping 25 per cent per annum, creating abounding job opportunities.
Openings would be generated in the areas of flight dispatchers, cabin crew, airline managers, airport managers and ground handling personnel as well. The industry would create 2,00,000 jobs by 2017.
With the business travel increasing at a rapid pace and Commonwealth Games round the corner, hoteliers are in the expansion mode. The sector would need a fresh workforce of at least 94,000 by 2010-11. HR managers are looking to hire graduates from home science, commerce, physics and engineering for the sector. Bollywood-driven music industry including expanding reach of FM is leading to expansion of the entertainment sector in a big way. Besides, the content creating firms for the television have grown manifold. The animation industry has grown by over 30 per cent on year-on-year basis in the last three years and looks promising in the time to come as well. The segment alone would need close to 3,00,000 professionals by 2009, says the ASSOCHAM study. Growing at more than 10 per cent for the past three years, Financing, Insurance, Real Estate and Business Services have outpaced overall GDP growth. With investment and banking companies growing at a rapid pace there would be many vacancies in retail banking, asset management and financial management.
It is boom time in India. The country’s economy is poised to touch double digit growth after achieving the 9.2 per cent mark in the current fiscal. The credit for engineering this robust growth goes chiefly to manufacturing and services sectors. The brisk pace of the country’s economic growth is set to throw open innumerable job opportunities for the youth. But little is heard about the new career alternatives from the campuses of our 200-odd universities, incl uding over 100 general universities, a dozen science and technology universities, 30-plus agricultural universities, five women universities, 11 language universities, and 11 medical universities.
New thrus
A recent study conducted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has found that sectors such as retail, aviation, hospitality, entertainment and brokerages will get paramount thrust in the next few years. A vast array of opportunities will be generated in these so-called sunrise industries. The study on ‘job opportunities in emerging sectors’, brand-named the ASSOCHAM Business Barometer (ABB), has revealed that a wide information gap exists for the students aspiring for rewarding careers. Says Venugopal N. Dhoot, president of ASSOCHAM: “Our ABB is aimed at bridging the information gap for students thronging the university campuses. The students, as also their parents, are well advised to seek admissions in those areas where opportunities exist than making a beeline to a selected courses.”
The ABB assures that Information Technology (IT) and IT-enabled Services (ITeS) will continue to hire manpower most aggressively in the years to come. Having hired a workforce of nearly 1.63 million by March this year, IT-ITeS has proved that it has been the biggest employment sector in recent times. The IT-ITeS industry is projected to require 50,00,000 technology professionals in three years.
K.R. Srivathsan, Director of the Indian Institute of Information Technology and Management-Kerala (IIITMK), Thiruvananthapuram, says that most emerging sectors need people with capacity to work in unique environment. “Our management schools need to re-orient themselves towards meeting that requirement,” he says. He says logistics management in all sectors should be taught in a more sensitive manner. It should get priority in the changing scenario, Dr. Srivathsan says.
Skill levels
Apart from the highly skilled engineering jobs, Business Process Outsourcing (BPOs), Knowledge Process Outsourcing (KPOs) and more recently Legal Process Outsourcing (LPOs) have been offering a variety of jobs requiring different levels of skills. The $9.5-billion BPO industry may employ close to 23,00,000 people by 2010, the ABB study says. Following the BPO success in India, the global companies have begun to increase their presence in the knowledge processing. KPO industry is currently worth three billion dollars and is projected to scale up to $12 billion in three years.
After BPO, the KPO industry is emerging as a lucrative job destination for the youth. KPOs, which require high-end skills and intellectual attributes, will throw job opportunities in the higher pay-scale category. According to ASSOCHAM, the players in the KPO sector are looking to hire professionals for financial analysis, equity research, treasury operation, credit decision processes and accruals services among others. The segment is set to create 2,50,000 jobs by 2010, hiring workforce from a range of backgrounds from science, engineering, law, accounting, pharmaceuticals to technological streams.
Although at a nascent stage, LPO is projected to grow fast owing to a significant cost advantage in India. ASSOCHAM says that LPOs will generate about 79,000 jobs by 2015. At present the processes being outsourced to India include patent application drafting, legal research, pre-litigation documentation, advising clients, analyzing drafted documents, writing software licensing agreements and drafting distribution agreements.
According to Sanjay Kamlani, co-CEO of Pangea3, a global leader in LPO, the entire global legal market is now open to Indian law professionals.
The retail sector
ASSOCHAM study underlines that high consumer spending has spawned a huge interest in the largely unorganised retail sector.
It is estimated that the retail sector will add $14 billion in terms of market size by 2010 to cross $21.5 billion. Considering the size and the purchasing power of the Indian consumer, it is only a matter of time before our domestic retail industry catches up with its Western counterparts. India is in the midst of a retail boom. Some business schools, according to P. Mohan, head of the Department of Commerce and Management Studies, Calicut University, have begun to respond to the retail boom. “Retail management has been added to the MBA curriculum,” Dr. Mohan says.
The ABB study says that retail is expected to create the maximum number of job opportunities among the upcoming fields after IT-ITeS. The forecasts suggest that the sector may produce 20,00,000 jobs by 2010 directly through retail operations.
Aviation, other sectors:
The aviation sector in India is growing at a whopping 25 per cent per annum, creating abounding job opportunities.
Openings would be generated in the areas of flight dispatchers, cabin crew, airline managers, airport managers and ground handling personnel as well. The industry would create 2,00,000 jobs by 2017.
With the business travel increasing at a rapid pace and Commonwealth Games round the corner, hoteliers are in the expansion mode. The sector would need a fresh workforce of at least 94,000 by 2010-11. HR managers are looking to hire graduates from home science, commerce, physics and engineering for the sector. Bollywood-driven music industry including expanding reach of FM is leading to expansion of the entertainment sector in a big way. Besides, the content creating firms for the television have grown manifold. The animation industry has grown by over 30 per cent on year-on-year basis in the last three years and looks promising in the time to come as well. The segment alone would need close to 3,00,000 professionals by 2009, says the ASSOCHAM study. Growing at more than 10 per cent for the past three years, Financing, Insurance, Real Estate and Business Services have outpaced overall GDP growth. With investment and banking companies growing at a rapid pace there would be many vacancies in retail banking, asset management and financial management.
Sunday, December 23, 2007
INTERVIEW TIPS
The following tips have been created by CSI to assist in successful interviews!
Here are some suggestions to help in preparation for your interviews. We ask that you review them carefully. Feel free to print these lists out to review at your convenience. We hope that you find something here that will help make your interviews more successful.
The Five “P’s”:
For successful career development, always be:
Punctual
Polite
Professional
Positive
Pro-Active
Telephone Interviews:
Telephone interviews help the employer to determine who they should take their time to sit down with at length, but if you're local to the job, you should attempt to schedule personal interviews to give a better first impression than they can possibly get from talking to you over the phone.
A telephone interview is similar to an open book test. Notes are mandatory, not optional. In order to do a good telephone interview, six things are required:
A resume or a written data sheet on yourself (including key accomplishments and achievements)
A list of your strengths
A list of your weaknesses
A list of your specific qualifications for THE POSITION being discussed
A list of questions about the interviewer, the interview process, and the company
A written-down closing statement
The resume or data sheet is important so you have a chronological listing of all of employment data, including specific job duties in front of you. Under pressure, people have even forgotten their own names! Luckily, it's right on the resume! Key accomplishments are past achievements which single you out, such as: employee of the month, scholarship, high school/college honors, a significant work project you completed, etc. Write them down! Write down your top five strengths. If the hiring authority only asks for three, that's okay, but you are prepared if he asks for five. Write down your weaknesses. If asked, your weaknesses should be stated like this, "I feel the areas that I would like to improve on are..." Prepare a list of 5 to 10 specific qualifications you have for the particular position being discussed. Do a comparative analysis of your background and THIS position’s job description. Prepare a few questions to ask the hiring authority regarding the company. Write down things that are important to you, i.e., the size of the company, growth potential, future opportunity, how long your potential boss has been with the company, where his or her next step is and why he or she likes the company, etc. Do not discuss salary. Do not bring up benefits. If salary is brought up by the interviewer, state that you are willing to entertain their best offer. Closing Statements. This is very important. Have something written down so if the telephone interviewer says something in closing that catches you off guard you can close out your interview with a positive ending, such as: “Thanks for giving me the opportunity to discuss this position with you. What’s the next step in the interview process?” “I am very interested in joining your team in this position. Do you need any additional information from me or from Custom Staffing?” “I know I can do a good job for you. Is it possible to discuss this in person soon?"
Before The Face-To-Face Interview:
Do the following ahead of time:
Determine your long term career goals (2/5/10 years)
Research the company by visiting their website, going to the library, etc.
Prepare your QUALIFICATION list of 5 to 10 specific qualifications you have for the position being discussed. Do a comparative analysis of your background and THIS position.
Prepare your business clothes the night before
Prepare a folder with copies of your current resume and your professional reference list (including daytime phone numbers) the day before the interview
Plan to arrive 15 minutes early. Late arrival for a job interview is never excusable
Here are some topics that you might consider addressing during the interview:
A detailed description of the position
The reason the position is available
Anticipated indoctrination and training programs
Advanced training programs available for those who demonstrate outstanding abilities
Company growth plans
Your potential career path within the company
The Face-To-Face Interview:
Arrive 15 minutes early. Observe the company’s “personality” while you wait. Be on your BEST manners. If asked to fill out an application form, fill it out in its entirety. Do NOT write “see resume” anywhere on the form. Put “Negotiable” in the salary requirement blank. Greet the interviewer by surname if you are sure of the pronunciation. If you are not, ask for it to be repeated. Shake hands firmly. Smile genuinely. Wait until you are offered a chair before sitting. Sit upright in your chair; look alert and interested at all times. Be a good listener as well as a good talker. Never smoke even if the interviewer smokes and offers you a cigarette. Do not chew gum during your interview. Maintain good eye contact with the employer and don't fidget. Follow the interviewer's leads, but try to get the interviewer to describe the position and the duties to you early in the interview so that you can relate your background and skills to the position. Never answer questions with a simple "yes" or "no." Explain your answers whenever possible. Tell those things about yourself which relate to the situation. Make sure that your good points get across to the interviewer in a factual, sincere manner. Keep in mind that you alone can sell yourself to an interviewer. Make the interviewer realize the need for you in the organization. Be prepared to answer typical questions like: What kind of job are you looking for? What are your strengths? Your weaknesses? What do you know about our company? Why did you choose your particular vocation? What are your qualifications? Who has been your favorite supervisor? Why? Who has been your least favorite supervisor? Why? Never lie. Answer questions truthfully, frankly and as "to the point" as possible. Never, ever make derogatory remarks about your present or former employers or companies. Never "over answer" questions. The interviewer may steer the conversation into politics or economics. Since this can become a sticky situation, it is best to answer the questions honestly, trying not to say any more than is necessary. Always conduct yourself as if you are determined to get the job you are discussing. Never close the door on opportunity. It is better to be in the position where you can choose rather than the company saying no.
Closing The Face-To-Face Interview:
Ask for the position if you are interested in it. Ask for the next interview if the situation demands. If the position is offered to you and you want it, then accept it on the spot. If you wish some time to think it over, be courteous and tactful in asking for that time. Set a definite date when you can provide an answer. Never be too discouraged if no definite offer is made or a specific salary is discussed. The interviewer will probably want to communicate with the office first, or interview more applicants, before making a final decision. If you get the impression that the interview is not going well and that you have already been rejected, don't let your discouragement show. Once in a while an interviewer who is genuinely interested in your possibilities may seem to discourage you in order to test your reaction. Express thanks for the interviewer's time and consideration of you. Ask for the interviewer's business card so you can write a thank you letter as soon as possible.
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