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|In: Technology|Last Updated: | 0 Comments

There is a famous quote ‘Be prepared for the Worst and hope for the Best‘ however, most of the times we do not have the foresight to predict the worst which gives us less time to prepare for the future. An ideal example of this saying is the ‘Lehman Brothers Collapse’ in the year 2008 which caused a financial meltdown and adversely affected every possible sector. Jobs were wiped out and still the world economy is struggling to recover from the crash.

Though it is very difficult to look out for a job [irrespective of your work profile, experience, etc.] during the time of crisis, it is definitely not impossible. As a job seeker, you need be smart, proactive, well-connected with job consultants in India and act positively when a ‘good opportunity knocks your door’. One thing that has changed significantly since that period is the ‘positive’ impact of technology on every aspect of our lives, including job search 🙂

Network with a purpose

Irrespective of your experience, expertise; when it comes to job-hopping you can never follow a linear approach. Since organizations now have many touch-points where they publish the same openings e.g. job portals, business networking websites, etc. it becomes critical that you stay updated about the same. You need to build a formidable & reliable network, whether it is in the online or the offline space. Focus on ‘building a network, rather than network building’ so that you utilize your time on things that matter the most!

Choose the best staffing solutions

When you think about job search, you would always think about posting resumes on job sites and sending the resume to traditional recruitment or staffing companies in India. However, you have to identify which recruitment agency is genuine or reliable since there is a possibility that a lesser-known recruitment agency might try to extract money from the candidate with the promise of getting them a job. No matter how desperately you are searching for a job, you should always stay away from such recruitment agencies.

There are reliable staffing solutions in India like the ManpowerGroup that have been around for many years, have the required expertise in hiring, career development, executive search, etc. They also offer outplacement services for organizations [large, SME, startups] in case of any untoward incident in an organization that results in employees being laid-off. If an organization is looking to hire people for leadership roles, they can utilize their service & network to hire the best people for their organization.

Highlight your ‘primary’ & ‘secondary’ skills

There are many of us who would be working on the same domain for many years and eventually that ‘domain skill’ becomes your primary expertise. Unless you are a ‘domain expert’ and irreplaceable in your organization, it is always advisable to have some secondary skills so that it helps you when things are not going your way! A fresh graduate has an opportunity to choose his/her own career path and they even have the flexibility to try out various options at the start of the career.

There is always a debate on whether you should be a ‘generalist’ or ‘specialist’ & it all depends on whether that ‘skill’ is in demand or not. If you are in the technology sector, you need to keep yourself updated with the latest technologies so that you are no longer a part of the herd that has the same skill-set

Which according to you are some of the methods to stay relevant in the job market, please leave your suggestion in the comments section…

|In: Technology|Last Updated: | 0 Comments

According to data from Indeed, the world’s No. 1 job site, there has been an increase of 186% in the number of job seekers looking for work opportunities in the robotics sector in India between May 2015 and May 2018. During the same period, job postings in the sector grew by 191%.

Growth of robotics in India

The rising interest among job seekers for jobs in robotics as seen in the past year by far outstrips the growth witnessed by the sector in the previous years, while the number of job postings in the sector, on the other hand, has slowed after the initial boom, during which growth was far more rapid.

It appears that while job seekers are increasingly looking at working in the robotics sector, companies within the sector are slowing down in terms of hiring. Following the initial spurt in growth in 2015, driven by the government’s investment of $13 billion USD in robotics under its Make in India initiative, hiring for robotics profiles has slowed considerably.

Top regions for robotics jobs in India

The data further indicates that Maharashtra is the leading state in India for those seeking job opportunities in the robotics sector. Home to large technology centers like Pune and Mumbai, it comes as no surprise that the region leads the trend. It is followed by Karnataka, which houses India’s Silicon Valley Bengaluru, and Telangana, of which upcoming technology hub Hyderabad is a part, making up the top three regions in India for job opportunities in the robotics sector. According to a previous study by Indeed, the leading cities in India for jobs in the technology space are also predominantly from the states that lead in terms of robotics job openings.

Sectors leading the robotics boom

Surgery is one area where robots are making a breakthrough, with the sector expected to grow at a rate much higher than the global average. India’s surgical robotics market is estimated to grow at a rate (CAGR) of 20% between 2017 and 2025, as compared to the global rate of 12%[1]. Another sector that is seeing increasing reliance on robots is the construction industry, given the thrust of government initiatives such as Make in India and Digital India. With a market of for close to one thousand robots annually, the sector offers huge potential for experimentation.

Commenting on the subject, Sashi Kumar, Managing Director, Indeed, said

Robotics is one of the most exciting sectors emerging in India today.  Sectors like construction, manufacturing and healthcare are boosting the demand for robotics talent, and there is enormous scope for the application of the technology across an even wider array of industries. As access to internet connectivity and open source platforms improves, a favorable environment for the sector’s growth and development is being created. Even as people fear that automation will take away jobs, robotics is creating new job opportunities for skilled resources.

About Indeed

More people find jobs on Indeed than anywhere else. Indeed is the #1 job site in the world and allows job seekers to search millions of jobs on the web or mobile in over 60 countries and 28 languages. More than 200 million people each month search for jobs, post resumes, and research companies on Indeed, and Indeed is the #1 source of external hires for thousands of companies.

|In: LinkedIn|Last Updated: | 0 Comments

LinkedIn, the world’s largest professional network, surveyed nearly 9,000 recruiters, hiring managers from 39 countries and interviewed industry experts to analyse the state of hiring across the world. Four hot trends stand out – Diversity, New Interviewing Tools, Data, and Artificial Intelligence as the top ideas that will change how talent is hired in 2018.

The Global Recruiting Trends 2018 report offers detailed insights on how these trends will impact recruiters and organisations, as well as how they will create a shift in the recruitment process across industries. These hiring trends showcase how new ideas are putting an end to the transactional and tedious nature of recruitment, and are instead focusing on using strategic methods with a human touch to find high-potential talent.

Irfan Abdulla, Director of Talent and Learning Solutions, LinkedIn India & South Asia, said

Workplaces are evolving faster than ever before, and we are seeing an emergence of new jobs and skill sets in India. Therefore, the Indian recruiter too will undergo a transformation and use new tools to assess high-potential talent. Diversity will be key in how people hire this year, and a strong assessment of soft skills such as leadership and communication, along with digital skills will be imperative. To arrive at the right choice, companies in India are now using data, analytics and insights to make better decisions.

Here is a rundown of the 4 key global recruiting trends that will shape the future of talent acquisition and how companies will hire talent in the years to come:

Diversity: The new global mindset and the hot source of corporate growth

  • 81% of talent acquisition leaders and hiring managers in India say that diversity will be the top trend affecting how they hire, which is much higher than the global average of 78%
  • Companies are prioritizing diversity for a plethora of reasons, with growing evidence that diversity along with inclusion and belonging, enhances productivity, promotes innovation and a higher engagement
  • 78% of companies prioritize diversity to improve company culture; 62% do so to boost financial performance; and 49% to better represent customers
  • Gender [71%], Race [49%], and Age [48%] are the red-hot topics where companies are focusing their diversity efforts
  • Companies are focusing on all three – diversity, inclusion, and belonging, and looking ahead we will see more companies disentangling the concepts and measuring belonging

New Interviewing Models: Reinventing the interview with a blend of traditional with smart models

  • Higher than the global average of 56%, 61% of Indian respondents say that interviewing innovations are extremely important to the future of hiring
  • According to the survey, companies continue to believe in the popularity and effectiveness of traditional interview techniques with giving maximum emphasis to structured interviews [88%] and behavioral interviews [89%]
  • Talent leaders find interviewer bias [42%] and limited ability to assess soft skills [63%] and weaknesses [57%] as the most prevalent shortcomings of traditional interviews
  • To overcome this, hiring managers are increasingly looking at smarter interview models and 5 techniques have come on the scene to improve the old model: Soft skills assessments [59%], job auditions [54%], meeting in casual settings [53%], virtual reality assessments [28%] and video interviews [18%] are considered the most useful interview innovations
  • Online soft skills assessments measure traits like teamwork and curiosity and give a more holistic picture of candidates earlier in the process. In job auditions, companies pay candidates to do real work so that they can observe skills in action. Casual interviews typically take place over a meal and can offer a unique look into candidate character. With Virtual Reality [VR], companies immerse candidates in simulated 3-D environments to test their skills in a standardized way. Video interviews can be recorded or live and help by tapping a broader talent pool in far less time.

Data: The new corporate superpower

  • Mexico [61%], Brazil [59%], India [56%] and China [56%] are the 4 countries with the highest number of respondents who believe that using data is the top trend affecting how they hire; The global average is 50%.
  • The survey shows that 64% of the talent acquisition professionals use data now, and 79% are even more likely to use it in the next two years.
  • 69% of talent professionals believe using data can elevate their careers.
  •  Currently, the 5 most common uses of data in talent acquisition are to increase retention [56%], evaluate skills gap [50%], build better offers [50%], understand candidate wants [46%], and do workforce planning [41%]. For example, If you’re trying to grasp why employees are leaving, you might look to employee surveys, 360-degree reviews, compensation history, and promotion history to start triangulating an answer.
  • The two greatest barriers to using data include poor data quality [42%] and figuring out where to find the data [20%].

Artificial Intelligence [AI]: The secret workhorse

  • [76%] of respondents said that AI’s impact on recruiting will be significant and will help them work faster by automating administrative tasks, and smarter by generating insights they wouldn’t think of alone
  • Areas where AI will impact recruiting the most include, sourcing candidates [58%], screening candidates [56%] and nurturing candidates [55%].
  • 67% of respondents said that AI helps save time and 43% believe that it removes human bias
  • AI is the future, but so is human touch. Moreover, research shows that AI is least likely to replace top 5 skills that require personal and emotional engagement like building relationships with candidates, seeing candidate’s potential beyond credentials, judging culture add or culture fit, gauging candidate interpersonal skills, and convincing candidates to accept offers. AI doesn’t replace you; it empowers you.

Survey Methodology

LinkedIn surveyed 8,815 talent acquisition professionals and hiring managers.

  • Talent acquisition professionals work in a corporate HR department and must have some responsibility for the hiring process.
  • Hiring managers must have some authority over hiring decisions for their team.

|In: LinkedIn|Last Updated: | 0 Comments

LinkedIn has announced the 2017 list of Top Companies in India. Formerly titled Top Attractors 2016, the annual ranking spotlights India’s most sought-after employers. The list is fueled by exclusive LinkedIn data, including job seeker reach, engagement and retention, paired with an editorial lens that examines the billions of actions by LinkedIn’s 500+ million members.

Image Source – LinkedIn

The top two spots in the list continue to be held by Flipkart and Amazon respectively, for the second year in a row. The list of 25 Top Companies in India also saw over 30% of new entrants, namely One97 Communications [#4], Tech Mahindra [#14], Swiggy [#15], IDFC Bank [#17], Vodafone [#20], Grofers [#22], McKinsey & Company [#24] and Oracle [#25]. Among the companies making upward movements are Ola from last year’s #10 to #5, OYO Rooms from #16 to #9, Reliance Industries from #23 to #10, and Cisco from #24 to #16.

While every company on the India list fosters a unique culture and robust business model, it revealed a few standout insights:

Industry Disruptors Gain Preference – Professionals are attracted to companies that disrupt the status quo and lead by example. Case in point, Ola at #5 has revolutionized the urban mobility by creating an ingenious business model with services like Ola Play, Fleet, Shuttle etc.

Similarly, OYO Rooms ranked at #9, has transformed the hospitality industry to become a budget traveler’s first choice. Internet companies that have proved their mettle as disruptors in their space also made it to the list. These include some of the biggest homegrown names in their respective categories such as MakeMyTrip [#23] and Swiggy [15].

Inclination Towards Homegrown Companies – Offering new possibilities and opportunities for talent within the country, homegrown companies are increasingly being considered by job seekers. From leading tech multinationals to startups, 13 homegrown companies found place in the list including HCL Technologies [#6], and Wipro [#18].

The list also saw six startups [including two unicorns] making it to the top 25, including Flipkart [#1], One97 Communications [#4], OYO Rooms [#9] and Grofers [#22] among others.

Irfan Abdulla, Director Talent Solutions & Learning Solutions, LinkedIn India said

India Inc is thriving, backed by an increasing business friendly sentiment and a positive economic trajectory. Understanding the pulse of a younger employee base, enterprises in India are working to build an ethos that drives performance and also delivers a rich workplace experience. We analysed India’s most attractive employers to understand how their culture and growth opportunities appeal to Indian professionals and interestingly, home grown companies are leading the list.

The complete list of the Top Companies is below

Many of the companies have one thing in common, they reward their employees well. From unique welcome traditions to offering sabbaticals for tenured employees and well-being programs, companies offer perks in order to retain employees. Some of the interesting things that companies are giving their employees include:

  • Flipkart – On their first day, employees are picked up by chauffeur-driven cars and sent on a treasure hunt to familiarize themselves with the office. Employees with over two years at Flipkart can take a career break to pursue higher studies, spend time with family or attend to medical emergencies.
  • Amazon – Amazon offers ‘leave share’ as part of their parental leave policy, allowing employees to gift six weeks of paid leave to a spouse or partner who isn’t eligible for parental leave at their employer.
  • Adobe – The company has initiated many programs that emphasize its commitment to employee health. From a doctor on campus to providing free consultations to employees and their families, the company believes keeping its people healthy is the key to building a strong company culture.

Irfan Abdulla, Director Talent Solutions & Learning Solutions, LinkedIn India added

All top companies in India have a strong talent brand, powered by culture and purpose. While these factors are the main drivers in attracting talent, the key to retaining employees is to create an environment where employees can grow by working on meaningful projects and contributing to the organization’s success.

Some companies that demonstrate this vision include

  • KPMG India – KPMG India employees get the opportunity to tackle some of the biggest issues facing Indian businesses and governments today, like redefining urban growth in Maharashtra or helping guide the future of renewable energy
  • HCL Technologies – Promoting the concept of ‘Ideapreneurship’, HCL Technologies has created an atmosphere where employees are taking the lead in finding solutions and ideas and then driving them to fruition

LinkedIn Top Companies List Methodology

The Top Companies list is a part of the LinkedIn List franchise, which celebrates companies and individuals making an impact in the professional world, and it spotlights the companies that attract and retain top talent globally. The list is fueled by a combination of exclusive LinkedIn data including reach, engagement, job interest, retention and an editorial lens. It’s based on the actions of job seekers and professionals with editorial oversight, highlighting the companies most sought-after today.

|In: India|Last Updated: | 0 Comments

At a year on year growth rate of 27 percent in May 2016 the online recruitment activities saw a decline of 25 percentage points from a robust 52 percent in January 2016 according to the latest Monster Employment Index. A marginal drop from the year on year growth of 28 percent in April 2016.

A noteworthy observation in the month of May was seen in the much publicized industry, e-commerce. Monster Employment Index [MEI] for May 2016 shows that the sector which is currently under economic scrutiny, witnessed a 35 percent year-on-year growth; one percentage point higher than in April 2016. Clearly, the sector is moving in a positive direction with steady increase in hiring activity over the months.

The online demand for Engineering professionals surged this month as well. The year-on-year growth rate paced up from 39 percent in April 2016 to 47 percent in May 2016. Charting the highest growth figures, Printing and Packaging industry is leading the rung with 67 percent growth from year-ago. The sector has been witnessing a steep double-digit annual growth rates since February 2016.

Commenting on the latest trends and developments in various sectors, Sanjay Modi, MD, Monster.com said

The MEI reveals that the online hiring sentiments is onto a slow paced growth. This hiring downturn can be attributed to domino effect caused by a global slowdown. However, the growth of the manufacturing sector in India at 7.1 percent from last year’s 5.3 percent year has had a significant bearing on the year on year spike in the online recruitment in the production and manufacturing sector. With a positive outlook for the sector that is expected to see the number of online shoppers in India grow to 175 million and Gross Merchandise value to reach $60 million by 2020, the e-commerce sector also registered a double digit year-on-year growth of 35 percent.

Monster Employment Index India results for the past 18 months are as follows

Industry Year-over-year Trends

Of the 27 industry sectors monitored by the Index 24 industry sector registered increased e-recruitment activity.

  • Printing/ Packaging sector has moved up the ladder to lead all monitored industry sectors on a year-on-year basis. This month (May 2016) the sector has registered a 67 percent growth from the year-ago; the sector has been charting steep double-digit annual growth rates since February 2016. The six-month growth rate reveals, e-recruitment activity in the sector has increased by 34 percent between November 2015 and May 2016. Month-on-month, there has been an 11 percent growth in opportunities as well.
  • Education (up 65 percent) sector is next in the rung. Online recruitment activity in the sector has been exhibiting uninterrupted positive growth on an annual basis since July 2015. It is notable that this is the only sector to have recorded positive month-on-month growth rate consistently since September 2015. Online hiring in the sector logged a seven percent growth on the month in May 2016.
  • Online recruitment activity in IT – Hardware, Software (up 62 percent) continued to exhibit diminishing yet robust growth. For the second month in a row the sector witnessed no growth in short-term (month-on-month). Likewise, pace of growth (year-on-year) in the BPO/ITES moderated further from 20 percent in April 2016 to 18 percent in May 2016.
  • Having slowed in the past months, the year-on-year growth momentum in Production and Manufacturing (up 35 percent) as well as Automotive/ Ancillaries /Tyres (up 36 percent) sector paced up in May 2016; up from 15 percent and 17 percent in April 2016 respectively. The month-on-month growth registered was also the steepest among all sectors; Automotive/ Ancillaries /Tyres (up 16 percent) and Production and Manufacturing (up 14 percent). The related Logistics, Courier/ Freight/ Transportation sector continued to growth at a steady rate of 15 percent year-on-year.
  • Engineering, Cement, Construction, Iron/Steel registered a 42 percent growth from the year-ago; up from 24 percent in April 2016. In the related Real Estate sector, on the other hand, the year-on-year growth momentum eased further from four percent in April 2016 to one percent in May 2016.
  • Healthcare, Bio Technology & Life Sciences, Pharmaceuticals exceeded the corresponding period a year-ago by 40 percent maintaining a steady pace. Month-on-month, there has been no growth in online hiring.
  • Among all monitored sectors, online recruitment activity eased the most in Office Equipment/Automation (down 11 percent) sector on an annual basis.

MEIN_3

E-Commerce

E-commerce sector registered a 35 percent growth from the year ago; one percentage point higher than in April 2016. Month-on-month, the sector has seen an increased demand of four percent. This month the six-month growth rate has also improved from six percent in April 2016 to 11 percent in May 2016. The growth pattern has exhibited no significant fluctuations in the past months.

Occupation Year-over-year Trends

Online demand increased for 12 occupation groups out of the 13 monitored by the Index.

  • The year-on-year growth rate moderated further for professionals at the Senior Management level; down from 79 percent in April 2016 to 69 percent in May 2016. Yet the figures portray a positive outlook owing to a significant jump since April 2015.
  • Online demand for Engineering/Production surged this month. At four percent, the group registered the steepest month-on-month growth among all monitored job roles. The year-on-year growth rate paced up from 39 percent in April 2016 to 47 percent in May 2016.
  • Year-on-year, Marketing & Communications (up 47 percent); Software, Hardware, Telecom (up 42 percent); Health Care (up 42 percent); Sales & Business Development (up 34 percent) are among the top in-demand job roles. The long-term growth rate moderated the most for Purchase/Logistics/Supply Chain (up 10 percent); down 27 percentage points.
  • Online demand for Hospitality & Travel (up two percent) continues to decline progressively; the year-on-year growth momentum eased further by two points. The group also witnessed online opportunities slip below the three-month and six-month level by six percent and one percent respectively.
  • Online demand for Arts/Creative matched the year-ago level. Year-on-year growth rate for the group has been declining progressively starting November 2015 and has a exhibited the most restrictive online demand this month.

Geographic year-over-year Trends

E-recruitment activity increased in all 13 cities monitored by the Index.

  • Chandigarh (up 47 percent) led all monitored cities charting the steepest growth year-on-year even this month. The rate of growth, nevertheless, moderated from 53 percent in April 2016 to 47 percent in May 2016. There were fewer opportunities on the month; down by two percent.
  • Among tier I cities, Chennai (up 40 percent) followed by Bangalore (up 39 percent) and Hyderabad (up 37 percent) registered the steepest growth from the year-ago and also ranked among the top growth cities. The growth momentum slowed in Bangalore from 47 percent in April 2016. Delhi-NCR (up 21 percent) also witnessed a slowdown in the annual growth rate by two points between April and May 2016.
  • The annual growth momentum improved in Kochi; from four percent in April 2016 to 12 percent in May 2016. Nevertheless, Kochi continues to exhibit the most controlled annual growth percentage among all monitored cities.  Both three-month and six-month growth rate are still negative for the city; down three percent each.

About the Monster Employment Index

Launched in May 2010 with data collected since October 2009, the Monster Employment Index is a broad and comprehensive monthly analysis of online job posting activity in India conducted by Monster India. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, including Monster India, the MEI presents a snapshot of employer online recruitment activity nationwide.

MEI’s underlying data is validated for accuracy by Research America, Inc.-an independent, third-party auditing firm – to ensure that measured national online job recruitment activity is within a margin of error of +/- 1.05%. For more information, please visit Monster Employment Index

|In: India|Last Updated: | 0 Comments

The online hiring sentiments for the month of April 2016 exhibited a sluggish year-on-year growth rate at 28 percent down from 42 percent in March 2016, according to the latest Monster Employment Index [MEI].

The backbone of the Indian economy, Production and Manufacturing sector, according to the latest MEI, is going through a fragile state of affairs. Online recruitment activities in this sector have been charting a negative six-month growth consistently since January 2016; this month’s growth being a negative 7 percent. The year-on-year growth rate has declined from a dramatic 112 percent in October 2015 to 15 percent in April 2016.

While hiring in the IT sector continues to steer ahead of all the industries with a 63 percent growth. The IT sector was closely followed by Printing and Packaging industry with a growth of 60 percent since 2015. Though the Media and Entertainment sector maintained a steady growth of 47 percent, but the industry took a significant nose dive from 71 per cent in March, 2016.

Highlights of the Monster Employment Index

  • IT – Hardware, Software continues to chart the steepest year-on-year growth.
  • Y-o-Y growth rate in production & manufacturing has dropped from 112 percent in October 2015 to 15 percent in April 2016.
  • Marketing & Communications and Health Care is the most sought after job role.
  • Chandigarh, followed by Bangalore leads all cities by the way of long-term growth.

Commenting on the latest trends and developments in various sectors, Sanjay Modi, MD, Monster.com said

The MEI reveals a relative slowdown in the pace of online hiring. While the numbers are still good there is a drop from a robust 42 percent in March to 28 percent in April, 2016. We as a nation are definitely heading in the right direction for a long term gain with more streamlined employment generation initiatives and strongly driven Skill India by PM Modi with an aim to enhance employment. However, currently the scenario is a bit cautious when it comes to hiring. The Production and Manufacturing industry is yet to see the hay day but the concept of Make in India is appropriately towards greater employability.

Further on, Sanjay Modi added

Although, the IT sector continues to lead across all segments, the industry is low on the earlier vigor. The bearish response towards recruitment activities can be attributed to the shift from dependence on manpower to increase reliability on mechanization at the lower levels, especially in the IT sector. The  start-up ecosystem is currently going through a stage of healthy re calibration which is a positive trend from a long term perspective. We are optimistic that this dip is temporary and will soon fade away.

Monster Employment Index India results for the past 18 months are as follows

Industry Year-over-year Trends

All 27 industry sectors monitored by the Index exhibited improved e-recruitment activity from the year-ago.

  • IT – Hardware, Software [up 63 percent] was the leading sector in terms of growth on the year for the sixth month straight. The pace of growth year-on-year, nevertheless, eased 13 percentage points between March and April 2016. At the same time the sector registered no growth on the month. Similarly, in the BPO/ITES sector, the growth momentum slowed 19 percentage points between March [up 39 percent] and April [up 20 percent] 2016
  • Manufacturing & Commerce is growing at a significantly moderated pace. E-recruitment activity in Production and Manufacturing has slowed in the past months. The sector has been charting negative six-month growth consistently since January 2016; this month’s growth being negative seven percent. The year-on-year growth rate has declined from a dramatic 112 percent in October 2015 to 15 percent in April 2016. Logistics, Courier/Freight/Transportation, however, recorded a 15 percent growth from the year-ago level; four points higher that March 2016
  • Education [up 57 percent]; Media & Entertainment [up 47 percent]; Healthcare, Bio Technology & Life Sciences, Pharmaceuticals [up 40 percent] have registered some of the steepest year-on-year growth percentages this month. The growth momentum vis-a-vis March 2016 has eased in each of these sectors nevertheless. Printing/Packaging sector was second from the top in the long-term growth chart with a 60 percent growth in opportunities from the year-ago
  • Retail sector witnessed a nine percent growth from the year-ago level; 31 points lower than March 2016. It is notable that the sector has been growing in double-digits since March 2015 and this is the lowest annual growth recorded since that time.
  • Year-on-year, online recruitment activity in Import/Export [up 7 percent] and Shipping/Marine [up 8 percent] was positive this month following low levels in March 2016. Real Estate [up 4 percent] exhibited the most controlled annual growth among all monitored industry groups

E-Commerce

E-commerce sector continued to grow at an eased up pace vis-a-vis the past months. Both three-month and six-month growth rate moderated further while there was no growth on the month. It is notable however that the sector is going strong on an annual basis. E-recruitment activity in the sector exceeded the corresponding period a year-ago by a robust 34 percent

Occupation Year-over-year Trends

All 13 occupation groups monitored by the Index continued to exhibit improved demand on the year

  • There continues to be high call at the Senior Management level. Online demand this month is 79 percent higher than April 2015 despite marginal slowdown in pace between March & April 2016
  • While growth momentum [YoY] slowed for all the monitored job roles, Marketing & Communications [up 47 percent];Health Care [up 45 percent]; Software, Hardware, Telecom [up 43 percent] saw the steepest growth in demand. Demand for Finance & Accounts [up 26 percent] slipped one percent below the six-month [October 2015] level.
  • Online demand for Hospitality & Travel [up 4 percent] personnel was the most restrained as the year-on-year growth rate moderated further from 15 percent in March 2016

Geographic year-over-year Trends

All 13 cities monitored by the Index registered positive growth on the year even this month. The pace of growth eased in all 13 cities

  • Chandigarh [up 53 percent] supplanted Bangalore [up 47 percent] to lead all monitored cities by the way of long-term growth. Bangalore witnessed a two percent decline in opportunities on the month while the annual growth rate was 17 points lower than March 2016 [up 64 percent]
  • Delhi-NCR [up 23 percent] saw annual growth rate one percentage point lower than March 2016 [24 percent]. The growth momentum in Delhi-NCR has not fluctuated significantly since November 2015
  • Year-on-year growth rate plunged the most in Kochi [up four percent]. Online recruitment activity in Kochi has dipped in the past months reflected in negative three-month growth rates since January 2016. This month the Index for the series slipped four percent below the six-month ago [October 2015] level

About the Monster Employment Index
Launched in May 2010 with data collected since October 2009, the Monster Employment Index is a broad and comprehensive monthly analysis of online job posting activity in India conducted by Monster India. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, including Monster India, the MEI presents a snapshot of employer online recruitment activity nationwide.

MEI’s underlying data is validated for accuracy by Research America, Inc. – an independent, third-party auditing firm – to ensure that measured national online job recruitment activity is within a margin of error of +/- 1.05%. For more information, please visit Monster Employment Index

|In: startups|Last Updated: | 0 Comments

In an effort to accelerate digital transformation at the start-up level, NASSCOM in partnership with IBM, launched Techstartup.in Delhi on IBM Cloud.

Techstartup.in was first launched in Bangalore in October 2015. The new, localized Delhi version of the site is designed to help stimulate innovation in Delhi while spurring growth within the entire Indian start-up economy. The portal is a first-of-its-kind online platform that will serve as a centralized hub for India’s tech ecosystem city by city providing information and resources to help turn ideas into businesses, deliver valuable tools for tech startups, and connect citizen entrepreneurs to opportunities in the tech ecosystem.

This is a platform for the entire Indian start-up & product ecosystem to network, stimulate local innovation and grow the economy.

The Indian technology start-ups landscape has seen a remarkable growth towards creation of innovative start-ups. India, a home to a new breed of young start-ups, has clearly evolved to become the third largest base of technology start-ups in the world. As per NASSCOM Start-up Report 2015, within one year, the number of start-ups in India has grown by 40 per cent, and this number is expected to cross 4,200 by the end of 2015. With over 100 per cent growth in number of PE/VCs/Angel investors along with a 125 per cent growth in funding over last year, the Indian start-up ecosystem has risen to the next level. The total funding in the India based start-ups is estimated to be nearly $5 billion by the end of 2015.

This growth will only increase as thousands of start-ups are expected to establish themselves in India, generating employment opportunities for hundreds of thousands of people. This will not only pave the way for innovative services, but will also act as a major booster for the development and the progress of the Indian economy.

Mr. Rajat Tandon, Vice President, NASSCOM 10,000 Start-ups, said

With Techstartup.in we want to democratize access to key resources and information across the country digitally connecting India’s expanding tech-preneurs. Building it together in support with IBM, it will be a personification of a united commitment to increase jobs, train the workforce of the future, support new startups, and ultimately ensure India is at the centre of technology innovation

Built on IBM Cloud, TechStartup.in will be updated regularly using tools from Bluemix, IBM’s cloud platform that includes tools for social, mobile, analytics, cloud integration, Internet of Things, Watson cognitive computing and more.

Additionally, as part of its commitment to the global startup community, IBM will offer up to $120,000 of free IBM Cloud credits for local qualified startups to use as they build their businesses on IBM Cloud.

Ms. Sandy Carter, General Manager, Cloud Ecosystem and Developers, IBM, said

Our collaboration with NASSCOM helps IBM deliver on its commitment to empower entrepreneurs on both the local and global levels. Techstartup.in allows Indian start-up communities to experience first-hand the benefits of IBM Cloud, while providing a supportive environment for the entire start-up ecosystem to connect, learn, network and thrive in both the local and global marketplaces.

Techstartup.in, a playground for 10,000 start-ups will further support the progressive phase of start-ups in India. The platform will offer a pioneering search engine and database which will profile virtually every city-based tech company and investor; a continuously updated list of tech and start-up job openings, a citywide tech event and class calendar; an interactive map of tech companies, start-up resources across the boroughs; and additional features that combine to create a comprehensive one-stop shop for everything start-up.

About 10,000 Startups

Started in April 2013, 10,000 Startups is an ambitious attempt by NASSCOM to scale up the startup ecosystem in India by 10x. 10,000 Startups aims to enable incubation, funding and support for 10,000 technology startups in India over the next ten years. The initiative brings together key stakeholders of the ecosystem including startup incubators, accelerators, angel investors, venture capitalists, startup support groups, mentors, and technology corporations.

Since its launch in April 2013, they have done about 450+ events in 22 cities of the country which were attended by a whopping 25,000 attendees and received 9000 Applicants, 800 Startups Shortlists, and 150 Impacts.

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For more information about IBM Cloud, please visit http://www.ibm.com/cloud-computing

|In: India|Last Updated:

IT-ITeS Sector Skills Council NASSCOM [SSC NASSCOM] announced that it has developed “Career Guides” which will provide clarity for all stakeholders, especially students about the career opportunities available in the IT-BPM industry.

Choosing a career is one of the most important decisions, especially for students. These guides provide details about the skills & competencies required, to join the IT-BPM industry. The career-paths provided are for various job roles starting from entry to leadership level, including details of vertical & horizontal mobility within this industry and across other industries.

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According to the National Skills Mission, about 350 million professionals would need to be skilled by 2022 to make them employable. To be able to achieve this target, a structured approach is required involving all stakeholders. One of the critical actions required is to create awareness with students about the career opportunities available in the IT- BPM industry across the four sub-sectors, namely IT Services [ITS], Business Process Management [BPM], Software Products [SPD] & Engineering & Research Development [SPD].

On the occasion Dr. Sandhya Chintala, Executive Director, SSC NASSCOM & Vice President, NASSCOM said

In the last couple of years SSC NASSCOM has made great in-roads in identifying unique job roles/ qualification packs across all IT-BPM industry sub-sectors. We are pleased to announce that they are now packaged in a comprehensive manner as “Career Guides”. Career guides will be available on our website www.sscnasscom.in

Informed career decisions about one’s aspirational career role will greatly benefit the individual, the companies and the community at large, thus creating a strong value proposition for all concerned.

About Sector Skill Council, NASSCOM

“IT-ITES SSC NASSCOM” is the skill standard setting body of the IT-ITeS industry and is the education & skill development initiative of NASSCOM. The council works with NASSCOM industry members, select academic and skill development institutions to help improve the quality and quantity of the employable workforce available to the industry.

About NASSCOM

NASSCOM is the premier trade body and the chamber of commerce of the IT-BPM industry in India. NASSCOM is a global trade body with more than 1400 members, which include both Indian and multinational companies that have a presence in India. NASSCOM’s member and associate member companies are broadly in the business of software development, software services, software products, consulting services, BPM, e-commerce and web services, engineering services and animation and gaming. NASSCOM’s membership base constitutes over 95% of the industry revenues in India and employs about 3.1 million professionals.