Friday, April 22, 2011

Symbiosis International University to bring out liberal U-G course from June

A new course is going to be launched by the Symbiosis International University (SIU) in June this year. It is an under graduate programme in liberal education. It is expected to bring more flexibility in the teaching and learning process. The duration of the course would of four years.

The vice-chancellor of SIU said that the liberal education course would permit students to have a combination of unrelated subjects from science and arts streams while doing graduation.

A student could major in mathematics along with studying languages or theatre, or even music by choosing them as elective subjects. 60 are to be admitted in the first batch after a personal interview and group discussion by Symbiosis.

Symbiosis is known for collaborating with Indian institutes and foreign universities in the interest of students. Now the course is structured in such a way that there will be collaboration between intra- and inter-disciplinary departments.

Commenting on research activities, the Vice Chancellor said, “Research should start from under-graduate level itself and should not be restricted to just an activity, but should be spread as a culture.”

Source: DNA India
IT & ITES sector to bring 183,000 jobs

With the emergence of markets like India and China, global corporate companies are laying more stress on the strategies of growth and workforce.

The Ma Foi Randstad Employment Survey (METS) had predicted in 2010 that there would be creation of around 1 million jobs in the organized sector of the economy. At the end of the year it was found that 1.13 million jobs were created across 13 industries like Healthcare, Hospitality, Real Estate, Construction, IT and ITES etc.

Now for the current year i.e. for 2011, it is expected that the trend would continue and it is estimated that there would be a creation of 1.6 million jobs across various sectors. Industries like healthcare, non-machinery manufacturing, hospitality, IT & ITES and real estate & construction sectors would witness sharp rise in number of jobs.

According to the METS first edition of 2011, one see that there is continuation of momentum growth in the service sector. A positive trend is also seen in transportation and financial sectors according to the indicators. Employment generation has remained stable in most of the sectors.

It is likely that the IT & ITES sector would add 183,000 jobs in 2011. These sectors have remained been the major job providers during the fourth Quarter of 2010. It is predicted that the sector will keep growing in 2011 also.
IT-ITES industry is India's is regarded as one of the largest employment generators in the organized sector which creates jobs for over 10 million people both directly and indirectly according to NASSCOM. Since the rural BPOs have increased, so IT-ITES sectors are contributing more in the employment generation.

These companies are becoming more competitive and entering the area of outsourcing as well. This has brought about greater positive effect in the employment trends in this sector. Salary levels too have increases in this sector.

Total jobs in the sector:
Estimated December 2010:1,918,865
Expected June 2011: 2,019,665
Expected December 2011: 2,101,865


Source: DNA India

Wednesday, April 20, 2011

Symbiosis International University to bring out liberal U-G course from June

A new course is going to be launched by the Symbiosis International University (SIU) in June this year. It is an under graduate programme in liberal education. It is expected to bring more flexibility in the teaching and learning process. The duration of the course would of four years.

The vice-chancellor of SIU said that the liberal education course would permit students to have a combination of unrelated subjects from science and arts streams while doing graduation.

A student could major in mathematics along with studying languages or theatre, or even music by choosing them as elective subjects. 60 are to be admitted in the first batch after a personal interview and group discussion by Symbiosis.

Symbiosis is known for collaborating with Indian institutes and foreign universities in the interest of students. Now the course is structured in such a way that there will be collaboration between intra- and inter-disciplinary departments.

Commenting on research activities, the Vice Chancellor said, “Research should start from under-graduate level itself and should not be restricted to just an activity, but should be spread as a culture.”

Source: DNA

Friday, April 15, 2011

Beware of fake job offers from Nigeria

A warning has been issued by the Indian high commission in Nigeria regarding the increasing number of cases of Indians being duped by Nigerians.  Many false promises like job offers are given to the Indians. The Indian high commission has cautioned its citizens to ignore such proposals. All this has been published in a notice published on the website of Indian high commission.

The notice further says, "Now few jobs are available in schools, universities, hotels, banks, hospitals for doctors, nurses and laboratory technicians and in the oil industry. Unfortunately, many scam job offers are floating around purportedly for Nigeria or other nearby countries to extract money in the name of visa fees, permit and even deposit or charges for opening a salary account.”

If there are genuine jobs then the selections are made only after a personal interview in India which is taken either by the employer or through reputed consultants/recruiting agents. In such cases, authorization is sent by the employers only.
Visa fees and air ticket is paid by the employer. The high commission again warned prospective applicants not to pay visa fees or tickets even if they are promised refund.  The notice has also warned, "Also visa or residence permit cannot be prepared in Nigeria and sent to you.”

Online job offer received based on data registered with job sites should also not be taken as valid until a proper enquiry is conducted and without routine interviews. 

One should also not give information regarding bank accounts and personal details. No payment should be made for services relating to job offers and visas.
A warning about scams has also been issued which happen in the name of tender, order and enquiry for supply of various goods and services floating around, often for huge quantities and value to lure the inexperienced exporters.

Monday, April 11, 2011

Plenty of career opportunities in LPO firms 

Valuenotes reports that the Indian LPO market will be growing to more than $1bn by 2014. The industry is getting stronger. It is estimated LPO revenues (from India alone) were $370 million for 2009.

There is an increasing pressure on businesses to boost capacity, lower costs and finding of efficient ways to deliver services. All this has lead to its growth.

India is fast developing into a preferred investment destination. So there are great opportunities for young lawyers in India to get work experience in their domain as well as to take up a business manager’s role while moving up the corporate ladder.

LPO companies provide a platform along with giving global exposure and knowledge of multiple jurisdictions to the lawyers. They get the experience to build and manage teams in a short period of time. The development of employee development in LPOs is linked with the growth of the corporation. International business environment is provided to the lawyers, which gives them in-depth knowledge of law and business dynamics. 

Many young and experienced lawyers are joining LPOs. Lawyers with LLM from international universities and in private practice are choosing to work for leading LPOs.

One of them said and I quote - Although legal profession offers a plethora of opportunities, the LPO industry offers a completely new avenue wherein a legal professional not only develops as a lawyer but also is presented with an administrative role.  



LPOs have multi tasks to perform. Being and outsourcing industry, there is greater flexibility as regards the schedules of working. With mergers and acquisitions LPOs are growing in the direction of consolidation and it is likely to reach $1bn by 2014 which is less than one percent of global law industry.  

Source: Deccan Herald

Sunday, April 10, 2011


Retentions bonuses to check attrition 

Retention bonuses are being brought to retain talent and number of employees in corporates. These bonuses have shot up the perks almost three times. According to the director of GlobalHunt the employees were given 5% bonus last year which has been increased up to 15% currently.
Employees get retention bonuses for their contributions to generation of revenue and management abilities. The amount to them is according to their job profiles. Bonuses can be given either in lumpsum or in instalments.
The companies are finding new ways to retain talent with them. Neville Lobo, vice-president, corporate HR and personnel, Larsen & Toubro, says, "With foreign companies setting up operations in India, we are slowing beginning to realise that the demand for talented people is fast outstripping supply. So, in days to come, management of human capital will become the key differentiator that will set one organisation apart from the other," He was speaking in a convention on human resource organised by CII.
It is believed that working Indians are always ready to move from one place to another and take new jobs. Retention in such cases pose challenges for the companies. 
The state of mind of the employees was studied in a survey called the 'Work Monitor' survey. It took place in 25 countries of Europe, Asia Pacific and the American continent. 89% of the Indians were open for relocation and change their jobs in short run and thus India topped the list. China and Mexico followed India. The world average came to be 60%.