Technical employees in India upbeat about job prospects
Employees of the technology industry in India are the most optimistic about job opportunities compared with their non-technology and global counterparts.
But alongside, high pay expectations and low employee engagement levels still exist, according to advisory firmCEB's Employment Brand Monitor Report.
The survey covered 35,000 respondents globally. Anumeha Chaturvedi takes a look.
Source : EC
TCS: There is an unemployment issue
With the new US immigration bill posing long-term cost implications for the IT players, the country's largest software exporter TCS today said companies need to be receptive to the situations in any market.
"....there is an unemployment issue. Job growth is a major issue being faced by many nations. So you are seeing regulatory changes or discussions, dialogues about regulatory changes...," company MD & CEO N Chandrasekaran told reporters at the earnings announcement.
"It is happening not just in the US. In Canada, there is a discussion, in Australia there is also a discussion. So, we just have to be receptive of those situations and engage in the whole process and then see what changes we need to make to our business model as and when it is required," he said.
The US immigration bill proposes several changes including higher visa costs and increase in wages for H-1B visa holders. It will hurt the over $100 billion IT-ITeS industry in the country and domestic software firms like TCS and Infosys as their cost of operations could go up.
In June, the Senate approved the most far-reaching reforms to US immigration policy in 50 years.
Chandrasekaran said TCS is "extremely engaged" in all the countries it is present in. "We will do anything that we need to do in order that we have a very effective and agile business model," he said.
Asked if clients had expressed concerns around these proposals that could impact cost and the model of delivery of services for Indian outsourcers, Chandrasekaran answered in the negative.
"There is no impact on client spend (because of the regulatory changes). They today understand the environment and are working with that...There is no finality...So we all have to wait to see how it (Immigration bill) will proceed and take actions appropriately," he said.
Australia recently tightened its work visa programme with changes to the 457 visa programme (for skilled immigrants) that requires companies to prove that they have considered local hires and advertised in newspapers before sponsoring workers from outside of Australia.
Similarly, Canada is also taking steps to ensure that only genuine skill shortages are being filled by temporary overseas labour.
Source : TOI
IT professionals prefer job profile, brand image over salary: Survey
When it comes to employment, many aspirants give more weightage to the job profile and brand image of a company than the salary package, a survey shows.
The survey by Firstnaukri.com, a portal for campus hiring, also found that BE/B.Tech IT students prefer IBM for employment, followed by TCS and Infosys.
"Job profile and brand image of the company continue to rule the choice in comparison to salary package during placements," according to the survey.
The findings are based on questions e-mailed to jobseekers registered with the portal. It covered BE/B.Tech, BBA, BCA, B.Sc, non-IT engineers, finance and computer science graduates and post-graduate students.
"Infosys, TCS and IBM still remain the big giants in campus placements for IT students. It is interesting to note that the students are keener for a good job profile rather than a fat salary package," Firstnaukri.com Business Head Deepali Singh said.
For non-IT engineers, the Defence Research and Development Organisation (DRDO) and L&T are the most preferred brands, followed by Tata Motors and Tata Steel, the report said.
Among MBA and MCA students, it said that Coca-Cola and Bharti Airtel emerged as the preferred employers, followed by Pepsi & Samsung.
Source : TOI
MBA no longer a passport to a successful career, B-shool grads struggle to find good jobs
Rashmi Sanyal (name changed) completed her MBA in financial markets this May from the inaugural 2011-2013 batch of a Mumbai-based institute. She and 40% of her batchmates are yet to land a job.
"I am still hunting," says Sanyal, who spent 4.50 lakh for a two-year programme.
Saloni Kesarwani, who graduated from Amity International Business School last year, didn't have luck with placement either, but eventually landed a job at training and development firm Elements Akademia through personal reference. Many of her friends who managed to get placed started with salaries in the 3-4 lakh range. The MBA cost 9 lakh.
The MBA is no longer a passport to a successful career. Almost two-thirds of graduates passing out every year - barring the handful of top B-schools, including the IIMs - are struggling to find meaningful employment, according to multiple estimates. There is plenty of anecdotal evidence to back this up. Even the IIMs took longer than usual to place their entire batch this year.
Less than 4 lakh students sat for national-level B-School entrance tests (MAT, CAT, XAT, CMAT etc) in 2012-13, compared with a 2008-09 peak of 5 lakh plus, according to AIMA. It also said some estimates suggest that 400-odd startup B-Schools have shut shop during the past year or so.
With the economy in a prolonged slowdown, there is hardly any new job creation in many sectors. But that's not the only reason MBAs are losing sheen. Several surveys suggest the enormous gap between the top MBA colleges in the country and the tier-2, tier-3 and tier-4 colleges in terms of access to research, quality of faculty and their linkages with business and industry.
"Management education is supposed to be built on the strength of these factors and a robust industry interface is lacking at the tier-2, tier-3 colleges," says Naveen Narayanan, global head-talent acquisition at HCL Technologies.
Training and development firm Elements Akademia, which studied 4,000 students across 200 tier-2, 3 and 4 MBA colleges in 20 cities in April this year, found poor corporate interaction, inexperienced faculty members and dismal placements at these institutes.
Problem of Plenty
Several surveys suggest the enormous gap between the top MBA colleges in the country and the tier-2, tier-3 and tier-4 colleges in terms of access to research, quality of faculty and their linkages with business and industry.
"Management education is supposed to be built on the strength of these factors and a robust industry interface is lacking at the tier-2, tier-3 colleges," says Naveen Narayanan, global head-talent acquisition at HCL Technologies.
Training and development firm Elements Akademia, which studied 4,000 students across 200 tier-2, 3 and 4 MBA colleges in 20 cities in April this year, found poor corporate interaction, inexperienced faculty members and dismal placements at these institutes.
Most tier-2 B-schools managed to place only 30-40% graduates. A majority of those who did find jobs started off with a pay of only Rs 12,000-18,000 per month. In 197 of the 200 B-schools, students expressed regret at joining their college.
Source : ET
No comments:
Post a Comment