In a recent study conducted by the renowned University of Oxford, it has been revealed that by the year 2033, as many as 47% of job roles will be taken over by automation.
The research focuses extensively on the hospitality industry which is expected to witness several changes in the coming future, including automation. The use of Geo-targeting and Beacons would be widely used within the industry, and this will gradually lead to change that we will get to see.
Geo-technology provides filtered, location-based information from services or devices such as iPhone or Snapchat. With the help of geo-tech, GPS we can get messages to all those people who are close by.
The use of ‘Geo’ technology in the domain of online advertising substantially enhance traffic back to websites. Needless to say that it will be highly suitable for bars, hotels, and restaurants where 94% of retail spending continues to be performed in store.
Geo-technology in this segment will render excellent opportunity to attract prospective clientele who are placed near the store.
Moreover, Beacons, which are usually masts, often make use of Bluetooth, which is engineered to connect with Android and iOS operating system and conveys messages between companies and their customers. It’s somewhat like a metal detector. Suppose, you are within the convenient distance of an active Beacon, then it can send push notifications and even end up communicating with smart devices.
This is followed by the next generation Customer Relationship Management (CRM) systems that will go beyond logging customer data and behaviors. With the help of smart data and social media engagement, CRM providers such as Cluboidoffer hotels, restaurants, and bars, a system that reduces time and energy of the administration and also enhances customer engagement. This CMR also makes it possible to engage in various personal experiences of customers, such as their birthdays and their choice in food.
The prediction that automation will eat up a number of jobs continues to be debated all across, and experts have their opinions regarding the same. However, while the prediction seems to turn out to be somewhat accurate in the coming future, the human touch in jobsand recruitment will continue to remain for long.
Largely, contracting can be an excellent opportunity to track your career fast, land your next job, and give yourself a bit of a salary raise. When job seekers start a new contract position, it typically amazes them how quickly process moves.
But you do not need to run that fast at least not without asking these important questions first.
What to know about contract jobs?
1. How long is the contract? (Time frame)
It is imperative to know how long you will be working on this contract. It will help you plan your career ahead like – when you need to start contemplating about the next steps to converting full-time or the next contract.
Typically, the contract lengths run anything from a month (4 weeks) all the way to – well, forever.
2. Am I going to be hired as a W-2 employee?
W-2 employee is the United States hiring terminology, which means a permanent employee. The major different between W-2 employee and contractor come down to taxes. When you are hired as the contractor (1099), you will get full pay without any tax deductions. However, you will be accountable for paying your own taxes.
On the other hand as W-2 employee, you will receive the paychecks with tax withholding already taken, and in January you will receive the IRS W-2 of the following year from the particular employer.
3. Is the project already secured by the employer?
Sometimes organisations start interviewing the candidates for contract position before the project is guaranteed. It is important to know because you do not want to turn down the other opportunities or job offers for the “job” that technically does not exist yet.
A word of advice – The best way to inquire is simply by asking, “If I accept this offer, how soon can I start”?
4. What happens when the contract ends?
Again it is crucial to understand what your options are. Some companies convert the contract professionals into full-time employee(although it does not happen often). In another scenario, staffing companies have other projects they will have requirements for. And it is good to know if you might qualify for those.
A word of advice – If you have an IT background then it is beneficial to use the technological staffing firm. The reason is such companies have a great majority of clients. Therefore, when you are completed with the current contract, you increase your chances of landing another swiftly with marginal downtime.
5. What is the likely time-frame of converting temp-to-hire?
This question does not apply to every contract position. If you are applying specifically for the contract-to-hire position, it is an excellent idea to have an understanding when you might be switching to full-time status. This keeps both you and your prospective employeron the same page. Typically, the timeline is between 3 months and 6 months.
A word of advice – If you find yourself in the 8 months while working as a contractor and there is no talk of conversion. It is a good idea to revisit the conversation with your hiring manager and get a clear picture.
For the first-timer, a contract position can look challenging. However, do not let that stop you from asking the essential questions and considering the opportunity before coming to a decision. If you are uncertain essentials mentioned above can take some uncertainty out of the equation and help you decide the better.
Attrition levels across industries in India are likely to fall to their lowest in the past few years as employees prefer to stick on to their present jobs for some more time, amid cautious sentiment owing to demonetisation, which has thrown businesses out of gear and led to a postponement in hiring activities.
With annual appraisals coming up within the next two months’ time, not many employees are looking forward to switching jobs because of fewer opportunities and therefore reduced bargaining.
According to Anandorup Ghose, a partner at human resources consultancy Aon Hewitt India, voluntary attrition will go down considerably; last year it was around 16%, and this year the chances are that it might go down even to a single digit in the coming year.
The compensation tracker, had in its annual salary survey last year, pegged attritionlevels at a five-year low of 16.3%. Any further dip will lead to an overall six-year low.
The apprehension in employees is looking for a new job these days’ is quite apparent, said Ajit Issac, chairman of the business services provider, Quess Corporation.
S Venkatesh, president-group HR, RPG Enterprises, said, “People will stay put and hold onto their jobs until the negative sentiment blows over”.
Venkatesh said that, besides demonetisation, another factor that is likely to restrain people from changing jobs is the much-anticipated boom that did not quite take place in the recent past. He said that fresher hiring has gone down at companies and even hiring at senior management levels have also witnessed a dip.
“It’s a wait-and-watch for executives at C-levels, which is likely to last for at least a quarter,” said Uday Chawla, managing partner at executive search firm Transearch India.
Managing and retaining talent in corporate India is one of the most challenging issues that HR professionals are currently facing. Needless to say, that loss of good employees costs a lot to the companies. According to a Philips spokesperson, given the current macro environment, attrition levels will come down. Everybody is aware of the fact that if the increment isn’t going to be substantial within the organisation, it won’t be any great even outside.
So, if you are a job seeker and considering changing jobs or switching jobs, it is advisable that stick on to your current organisations as of now and waits for the economic situation to improve in the coming months.
Many Indian professionals are under the impression that they are not well paid as much as their foreign counterparts. Well, it’s time to re-think this. With the Indian economy showing some subtle signs of positive growth, compensation packages of professionals in certain job sectors have considerably grown up. Several professionals are earning a great pay package and leading a life of luxury.
Come 2017, certain job profiles are expected to fetch fat pay cheques and no these are not IIT or IIM graduates. Rather they are pretty simple professions with not-so-glamorous degrees. So, what is it that makes them earn so much while many still struggle to make ends meet? Well, experts believe it’s got more to do with passion and the right skills and of course the career you choose to make for yourself.
#1. Technical Writer
While writers and content writers are one thing, technical writershave a completely different role. While their job profile is same, that of writing, their focus area is technical writing. They write more about corporate stuff such as white papers and official product descriptions. The expertise required in this domain is two-fold as one needs to know the domain and the format for producing such documents. For companies like Adobe and Oracle, a technical writer is a must have. These documents seem to be important from the marketing for businesses.
Minimum qualification: At least Graduates and domain experience is required.
Salary: INR 50K to 1.5 lakhs per month
Essential skills: Writing and critical thinking ability; good communication skills.
#2. Growth Hacker
One of the newest to hear professions that has witnessed growth in a very short time is that of a growth hacker. Growth hacking is a concept of bringing in rapid growth in multiple areas & try various methods by experimentation across marketing channels and product development Growth Hacking simply helps to identify the most effective and efficient ways to grow a business. It also refers to a set of both unconventional and conventional marketing experiments that lead to the growth of a business.
Minimum qualification: Graduate
Salary: INR 60K to INR 3 lakhs per month
Essential skills: A/B Testing, Statistics, Digital analytics
#3. Counsellors/ Relationship Therapists
While in the west, relationship therapistsare very common, the trend is fast catching up in India as well. Earlier limited only to psychiatrists & psychologists, this has become a brand new profession for the new age youngsters. The main purpose of the job is to help and suggest people with their relationship goals, issues, bitterness in relationships and also how to start off with a happy married life.
Minimum qualification: Graduate with relevant experience.
Salary: INR 65K to INR 2 lakhs per month
Essential skills: While one needs to be at least a graduate, experience in psychology or similar profession helps one to excel in his role. Also one has to have empathy towards his or her patients.
#4. Social Media Manager
A social media manager is an important part of any business these days. Most of the professionals has 10 years’ of experience in this field and they are the key people in maintaining a brand’s social media reputation. The key is to create an engaged community of followers for the brand.
Minimum qualification: Graduate with relevant experience.
Salary: INR 35k to INR 3 lakhs per month
Essential skills: Strategy planning; optimizing content and technology
#5. SEO Analysts
While this is nothing but an extension of social media and growth hacker profiles, several companies, especially the startups usually appoint a SEO analyst. While the main job is to read in between the lines of Google and keep a track as to how the published content in performing, these professionals often graduate from content and social media.
Minimum qualification: Graduate
Salary: INR 35K to INR 1.25 lakhs per month
Essential skills: HTML Coding and web hosting experience
#6. College/University Professors
This job of college or universit professors might not be as glamorous as that of a senior executive; nonetheless it requires deep understanding of the subject, a lot of patience and great oratory skills. It also requires perseverance and talent, and a professor ought to possess all of the above. Many international universities have started to provide exposure to Indian professors and could be counted as the perks of this profession.
Minimum qualification: Masters, special qualification for a topic and certification in teaching.
Salary: INR 40K to INR 3 lakhs per month
Essential skills: Critical thinking and great speaking skills
From the above information, it can be concluded that, several new jobs are about to come up next year and those professionals who are already in the above-mentioned fields, will take a fat pay package back home.
Finally, there’s some good news for job seekers in India, especially the ones targeting the e-commerce sector. In the latest report titled Impact of E-Commerce on Employment, jointly published by KPMGand Snapdeal, it is stated that India’s e-retail and allied divisions comprising logistics, IT/ITeS and warehousing are expected to create about 1.45 million direct jobs by the year 2021.
Logistics and warehousing sector are projected to be the largest contributor towards this move by creating direct employment opportunities for about 1 million job seekers, while the e-tailing segment is expected to generate around 0.4 high-skilled jobs by 2021.
Snapdeal’s Co-Founder and CEO, Kunal Bahl said that, since the impact of the e-commerce has been the most exciting and also the least spoken about, through this report they aim to highlight, how the industry is responsible for generating ample employment opportunities for thousands of job seekers.
The e-commerce segment in India is expected to cross USD 103 billion by 2020, while e-retailing is projected to estimate for 67% (USD 68.8 billion). Also, for every job that is created by the segment, further 3-4 jobs can get set up in across allied industries.
Besides, the online seller base is expected to grow by 1.3 million by 2020 and is projected to add more than 10 million new net jobs. With about 70% of the online sellers, expected to come from smaller towns by 2018-19, e-commerce is also creating a conspicuous socio-economic impact by penetrating the interiors of the country, the report said.
Apart from creating uninterrupted employment opportunities in direct industries, e-retail and e-commerce have provided new opportunities to craftsmen, artisans, merchants, sellers and women coming from underprivileged segments of the society.
E-tail has created an enormous impact on startup and entrepreneurship culture in the country and has supported people build careers from a range of myriad skills such as content writers, web developers, graphic designers and so on.
It has also created a transferal in employee expectations by offering employment options with diverse opportunities, exciting career paths and new age jobs.
So, it goes without saying that for job seekers, the future years would be bright with ample job opportunities coming their way. Those who especially want to break into the logistics, e-commerce or ITeS sector will find ample employment opportunities to choose from.
When it comes to work, money is obviously a big deal. However, for some, the usual 9-5 job is not really worth and such individuals often tend to opt for some uncommon career choices. While in most cases we are under the impression that uncommon or offbeat careers are not well paying, but it is not so. Certain offbeat careers do offer some great choices and the professionals also make a lot of money. Yes, even uncommon professions do pay well.
Let’s take a look at some of the uncommon/offbeat careers where you can choose to make a lot of money.
If you enjoy photography and have a penchant for the wildlife, becoming a wildlife photographer can be a good idea. Considered one of the most challenging forms of photography, a professional wildlife photographer has to have good craft skills. While no formal qualifications are required, but one must have the urge to travel and a passion for wild animals. Such professionals can choose to work for travel and environment magazines such as National Geographic or simply be self-employed. Depending upon their popularity and projects worked upon, they can earn anywhere between INR 60K to INR 1.25 lakhs per month.
On the other hand, becoming a wildlife conservationist is a truly uncommon profession. This can turn out to be a great career option for individuals who are conscious and concerned about ecological balance. Individuals need to pursue a degree in either ecology or wildlife biology. Those who are looking for more advanced positions might opt for a master’s degree. A wildlife conservationist protects and manages various environments such as forests and grasslands to ensure that they are safe for the plants and animals of the region. They are usually employed by governments. Such professionals can earn anywhere between INR 50K to INR 70K per month. Those who are looking to opt for uncommon/offbeat careers, can choose to beocme a wildlife conservationist.
Annual Salary: INR 5 lakhs – INR 12 lakhs per annum
#2. Travel Professionals/Travel Bloggers
Do you enjoy travelling and penning your experiences? How about turning your passion into your profession and becoming a full-time travel blogger? Sounds exciting? Isn’t it? Well, since the tourism and hospitality industry has recorded a boom, travel blogging as a profession has also emerged considerably. What you do is, simply get paid for travelling and writing about a particular place. And if you have been able to strike a chord with your readers—you have bagged a deal. Once you have established a name for yourself, you can easily get to write for leading Indian dailies and travel magazines. And at times, icing on the cake can be, you get invited to a travel bloggers’ meet in New Zealand!
Now, becoming a travel professional or an entrepreneur can also be a good idea as you not only get to travel yourself, but also make others travel and of course make a lot of money. Travel groups like Women on Wanderlust, (founder, Sumitra Senapaty) and Wonderful World (founder, Shibani) conduct travels across the globe.
While remunerations can range anywhere between INR 1 lakh to INR 1.5 lakh per month, depending upon the popularity, travel professionals do make a decent living.
Annual Salary: INR 5 lakhs to INR 12 lakhs per annum
Everyone gets high on wines, scotches and other alcoholic drinks. But sommeliers know the exact highs and lows of a pint of beer or a glass of wine. Wine tasting or beer tasting is a full-fledged service and demands great skills, along with sound knowledge of these kind of beverages.
While there are still no professional schools in India offering courses for aspiring sommeliers and cicerones, a degree or a diploma in hotel management can be a good idea. Some certificate courses can also be of help in this domain. However, if you want to specialize particularly in wine-tasting and beer-tasting courses, you have to consider moving abroad.
However, the profession of a sommelier is now being accepted in India, and Magandeep Singh happens to be India’s first internationally certified sommelier. Such professionals can end up earning a lump sum amount as their remunerations; that can go up to INR 1.5 lakhs per month.
Annual Salary: INR 5 lakhs to INR 14 lakhs
#4. Radio/Video/Disc Jockeys
Do you excel in glib talking? Don’t think it’s demeaning, it’s actually a great skill and you can earn loads of money just by talking! Yes, that’s the basic job description for a radio jockey or RJ.
On the other hand, if you have a passion for music and love mixing various tunes, you can surely become a Disc Jockey. Similarly, the career option of a Video Jockey (VJ) is attractive.
Interestingly, these professions do not really require in professional degrees or qualifications; but one must be oozing with confidence to be able to perform such tasks with much ease. For VJs, looks do matter, however to some extent.
Remunerations of such professionals depend upon experience and popularity of the individual. RJs make roughly anywhere between INR 20–25K per month in the beginning. However, this can easily go up to INR 60–70K over time. On the other hand, for DJs and VJs pay packages are the most attractive part; a DJ can earn anywhere between INR 8K-10K per show (sometimes even day/night) and it can be around INR 15K per show as well. Depending upon the popularity earnings of a VJ can go up to INR 2.5 lakhs a month. Some well-known names in the domain include that of Cyrus Broacha and Nikhil Chinappa.
Annual Salary: INR 12 lakhs to INR 35 lakhs per annum
Apart from the above-mentioned professions, other offbeat professions that pay really well include voice-over-artists, surfers, greeting card writers, tea-tasters and ice-cream tasters.
Keep in mind that every career does offer opportunities to grow professionally, provided that you pursue it with full dedication. Moreover, with an ever-changing economy, it is quite obvious that more unconventional careers will open up in the near future. So, chase your passions, pursue your dreams and turn them into reality!
In 21st century when almost every organization needs a manager to handle its workforce, multiple managers in the same organization make the team-handling, multiple-tasking, output generation process even smoother. However, the traits to efficiently manage the team’s work, handle administrative issues, and tasks associated with information and technology, cannot be honed other than by taking up a specialized course in Information Technology.
This calls for MBA in IT or Systems/Management, the degree course that has evolved with the huge demand in the IT industry. Graduates arriving for interviews after an MBA IT are already experts in administrative skills, management skills and IT skills, which are required in almost every business.
All that becomes a pre-requisite for candidates to undertake MBA in IT or Systems Management is either a Computer or Software Engineering, Bachelor of Computer Applications or Bachelor of Science in IT. Going forward, considering the heavy growth of MBA in IT, recruiters are always in hunt for candidates who have an IT background to support their MBA degrees to whom they can offer alluring packages.
“The scope is vast for candidates who have opted for this stream,” says Premlesh Machama, at CareerBuilder.
So, if we talk about the average pay scale of MBA IT candidates, for freshers it is usually 7-8 lakh per annum and can go up to 20-25 lakh per annum for experienced candidates. While, it largely depends on the size of the organization how much it can afford to pay to freshers or experienced, packages of candidates acquiring MBA degrees from top schools such as IIM (Indian Institute of Management-all campuses), MDI (Management Development Institute) and similar are certainly higher in numbers than normal graduates.
With an added advantage of getting to work with IT MNC’s, MBA IT candidates must not overlook their degrees or talent when their dream job is not approaching them. It is never too late for a Masters in Business Application (Information Technology) candidate to crack the best organization in the industry.
July 15, Friday; New Delhi – In the second quarter of 2016, the renowned association, the Indian Staffing Federation (ISF) organized the World Employment Conference 2016 in May. Spanning across 3 days, the event was meant to highlight the current position of the staffing industry in India, and also how employers view the current Indian workforce.
Through World Employment Conference 2016, ISF successfully brought the global employment organization to witness the talent pool that exists in India. Needless to say that organizations benefitted a lot from an event like this.
The event was presided over by the who’s who from the ISF and from some of the top organizations such as International Labour Organization (ILO) who have their presence in India. In the words of Rituparna Chakraborty, President, ISF, “Around the globe companies see a lot of potential in India where they have seen a 20% growth in the Indian staffing market over the last 3 years. In spite of this potential, the biggest challenge for staffing companies remains finding the right talent for the client companies. This event is a great means to showcase India as an emerging talent powerhouse, building the confidence of investors across the globe who are waiting to reap dividends in the country through their investments here”.
This year’s theme was ‘the employment and recruitment industry’ in the “new era of employment”; also termed as ‘Karmayug’ in Hindi. A much discussed topic, the employment and the recruitment industry of India has been in the international focus for quite some time now.
India, the host, was the centre of attraction and attention throughout the conference and the topic of the first session was based on India. It focused on “what makes India an interesting destination for the rest of the world?” The speakers opined that, while India has become a major contributor towards global employment with its staggering number of employees, certain structural changes are holding it back in realizing the full potential of its huge workforce.
The opening speech of World Employment Conference 2016 emphasized on the unlimited potential that India has in terms of talent and skills – major key to a successful labour market within the global economy. It was followed by a speech delivered by Bandaru Dattatreya, the Indian Labour Minister, who said that the issues threatening the current labour market of India will be addressed and also there is an aim to create a harmonious work environment. Employment generation will also be taken into consideration so that more unemployed individuals find jobs.
On the second day, i.e., May 26th, several prominent speakers took the stage and delivered speeches pertaining to the current situation of the Indian recruitment and staffing industry. The gathering was addressed by speakers like Suchita Dutta, Executive Director, ISF, Rituparna Chakraborty, President, ISF and Annemarie Muntz, President, Ciett.
The ISF Report on Indian employment scenario that was unveiled by the Indian Labour Minister, stated that India might become the third largest country with “flexi-staff” employing nearly 2.9 million professionals by 2018.
It is estimated that by 2020, India will have the youngest population in the world and therefore the challenge will be to ensure employability for this large percentage of young populace. Currently, the number of talent mismatch in India is somewhat high and talent retention is also an issue in the country. All these trends and issues were discussed at length in the event.
BRIC Nations and Regulations of Laws
On the third and the final day, May 27th, focus shifted to the BRIC countries and some of the plaguing issues that needs to be addressed, especially pertaining to the employment and recruitment industry, in these nations. The event began with an introduction by Abid Ali Nemuchawla, CEO, Wipro TBC.
Speakers emphasized that, the four countries, Brazil, Russia, India and China need to overcome some or the other hurdles in order to ensure that the overall employment and recruitment scenario are in proper place.
In the second half, the focal area was new era of employment and stalwarts ended up discussing what would the new employment market look like and how the ever evolving technology will also influence the dynamics of the same. Discussions also extended to how technology and changing demographics will have an impact on the way professionals are recruited and how employees work. Speakers in this session included Ekaterina Gorokhova, President and GM, Russian APEA, Kelly Services, and Vander Morales, President, Fenaserhtt and Sindeprestem.
Finally, on the last day, a global perspective on the enforcement of laws and regulations on private employment agencies and a proper monitoring of the same was touched upon by Panudda Boonpala, the Indian Director of the International Labour Organization (ILO). He emphasized that good legislation is necessary to achieve good regulation within the recruitment and employment industry.
Diamond Partner: CareerBuilder
World Employment Conference 2016 was presented by a lot of sponsors including CareerBuilder India. CareerBuilder India was the Diamond Partner for the event. As the global leader in human capital solutions, CareerBuilder specializes in HR software as a service to help companies with every step of the recruitment process from acquire to hire. Its online career site, CareerBuilder.com®, is the largest in the United States with more than 24 million unique visitors and 1 million jobs. CareerBuilder works with the world’s top employers, providing job distribution, sourcing, workflow, CRM, data and analytics in one pre-hire platform.
Silver Partner: Artech
Established in 1992, Artech is a minority and women-owned business enterprise committed to maximizing global workforce solutions on behalf of its clients. Artech provides the most innovative, efficient and cost-effective workplace solutions in today’s marketplace.