Kamal Mansharamani of AlmaMate hosted a chat for IT graduates on how to make themselves employable in the IT/ITES sector.
The Employment Outlook Survey by job portal MyHiringClub.com says that Indian companies are expecting the hiring pace for the upcoming quarter to rebound.
To cement India's position as a preferred global outsourcing destination, the government on Wednesday liberalised guidelines for voice-based BPOs removing the distinction between domestic and international units as well as permitting interconnectivity between all types of OSP centres. Broadly, the rules would allow global companies, say an airline, with a voice-based centre in India to now serve global and domestic customers with common telecom resources, something that required dedicated, separate infrastructure previously. Moreover, the restrictions on data interconnectivity between any BPO (business process outsourcing) centre of the same company, a group company or any unrelated company has been done away with, allowing for massive flexibility in resource management for BPO operations.
'No one realises that people with 90 days waiting period are shopping around which naturally increases the cost of hiring.'
The mega deals in the Internet sector ensured IT and ITeS companies grabbed 57 per cent of the PE investment by value.
The decision regarding this was taken by the Board of Approval in its meeting on September 18.
Parsvnath SEZ Ltd -- the subsidiary of Parsvnath Developers -- now has two notified SEZs for IT/ITES sectors at Indore and Gurgaon with a combined developable area of over 16 million square feet.
Technopark, which is poised to celebrate its silver Jubilee next year, provides direct employment to 45,000 IT/ITeS professionals through its 330 IT companies.
Prices in Bengaluru, the National Capital Region, Hyderabad and Ahmedabad, however, witnessed an uptick during the period.
Nuziveedu Seeds Ltd has signed a memorandum of understanding with the Tamil Nadu Industrial Development Corporation to establish an IT/ITeS special economic zone at Shollinganallur, on Chennai's IT corridor, at an investment of Rs 1,500 crore.
The top driver for the Indian workforce while choosing an employer are salary and employee benefits, followed by work-life balance and job security.
The Indian software and BPO segment will grow at a rate of more than 16 per cent to become a $ 132 billion industry by 2012, global infotech analyst International Data Corporation said. Together with IT and ITeS, and exports revenue of Rs 3,20,278 crore (Rs 3.2 trillion), the total IT and ITeS industry would grow to Rs 5,29,976 crore ($ 132 billion) by 2012, representing a growth of 16.5 per cent, said IDC. Exports continue to be the biggest segment at Rs 97,492 cr (Rs 974).
Over the years, Indian IT/ITeS companies have grown and so have multinationals which, after entering India 5-10 years ago, now want larger office spaces to consolidate their work into a single large building.
Finance Minister Pranab Mukherjee on Thursday tabled the Economic Survey for 2008-09 that prescribes doing away with cess, surcharges on taxes, including fringe benefit tax, and sweeping refroms in areas like petrol pricing and financial sector.
Expressing concern over the non-availability of qualified manpower for IT and ITeS companies, Nasscom on Tuesday said by year 2010 the industry would face a shortage of five lakh professionals.
Mumbai-based Zoom Developers, engaged in diversified businesses including real estate, plans to invest Rs 1,000 crore (Rs 10 billion) in the next three years to construct a 100 hectare IT-ITeS special economic zone at Indore.
Physical security for women, the first step towards getting them into factories and offices, is all but absent in most Indian cities, notes Kanika Datta.
Genpact has become the leading ITeS-BPO company with 19,700 employees, according to the just-released Nasscom and Dun & Bradstreet
The IT sector is confronted with a host of issues.
The IT sector is confronted with a host of issues.
The IT slowdown directly threatens the well being of other industries as well as India's IT cities. This impact has not necessarily been factored in, yet.
HCL BPO, ICICI OneSource and IBM Daksh are the next three.
HCL BPO, ICICI OneSource and IBM Daksh are the next three.
HCL BPO, ICICI OneSource and IBM Daksh are the next three.
In the January-March period of last year, an amount worth $1,179 million was invested across 103 transactions.
An Al Qaeda splinter group seized control of Mosul, the second biggest city in Iraq, on Tuesday, putting security forces to flight in a spectacular show of strength against the Shi'ite-led Baghdad government. On Wednesday, the Islamist insurgents seized the city of Tikrit, their second major gain after capturing Mosul on Tuesday. Tikrit, the hometown of former leader Saddam Hussein, lies just 150km north of the capital Baghdad, BBC reported.
Manpower ITeS is looking out for Customer Support Professionals, Voice-cum-Data Associates and Technical Support Officers for its call centre and BPO clients.
Even at the entry-level, professionals who have proficiency in emerging technologies will have an edge over others in these domains.
The project will see remote management of all the utilities from a single city command.
Investments totaling over $9.5 billion in Jio Platforms by a clutch of private equity firms, following social media giant Facebook's $5.7 billion mid-April investment in the company, helped overall.
Last year, it was not just the economy that slowed hiring. Employers were also unable to complete the verification process because of the lockdowns, resulting in delays in hiring and an increase in discrepancies between an employee's professed abilities and the reality. The experience is driving many companies to automation. In a recent EY survey, 56 per cent of the companies said they'd automated their processes, while 72 per cent felt technology could be leveraged to digitise employee records.
