6 Best Global Cities to Work & Reside: Cities Millennials Should Take Note of – Part I

Global Cities London New York

Global cities are a result of the swift amalgamation of world economies and the rise of the global consumer class. Alternately, the boom of millennials within the workforce has given a shot in the arm to this overall concept of global cities.

Some cities are of vital economic significance in their countries and then there are cities which serve as an important nodule within the overall international financial system.

The term Global City was first coined by Dutch-American sociologist Sasika Sassen, in her seminal work, The Global City: Introducing a Concept.  Sassen emphasises that cities are major nodes in the interrelated systems of money and information, and the wealth they generate or accumulate closely related to the specialised businesses enable those flows, for example, financial institutions, accounting firms, consulting firms, law firms, and media organisations.

Today, roughly three decades down the line, the term Global City has become symbolic of places that offer the best economic, social and cultural climate to businesspersons and professionals (especially millennials and single professionals) for working or carrying out business and trade.

Globally integrated cities have a strong effect on economic and human development. They offer flourishing environs that attract the best talent across the world.

Here are the six best global cities in this world to work and live that I would love to visit at least once:

#1. London, UK

London has successfully placed itself at the number one position in the list of Global Cities to work and live for. In 2016, the city was ranked top in a survey named Top Global Cities of today, conducted by A.T. Kearney, trailed by its counterpart New York. The capital of England, London happens to dawn multiple hats—as the financial, educational, transport and even the cultural hub of Europe.

While all of London’s airport (including Heathrow) terminals, see more than 100,000 flights landing per month, reports suggest over the next one decade; the coloured Asian minority ethnic group will account for nearly 80 percent of its working millennials’ population.

London is already home to 33 percent of European HQs of Global Fortune 500 companies; it is also the world’s largest city airport system measured by passenger traffic.

The city generates 20% of UK’s GDP and is always fighting it out for the top spot with New York when it comes to being the most significant locale for international finance. Even if we choose to ignore the city’s economic and cultural background, today, its current face, its slick transport system, advanced educational and healthcare facilities, the ease-of-doing business makes it one of the three triumvirates—along with New York and Paris.

However, sustainability is again a fundamental challenge that the city faces in the wake of growing modernization and industrialization.

#2. New York, USA

Several research reports confirm the fact that by far, New York is the best place rather the best global city in the world to work and live (preceded by London recently). Of course, provided that it pays well. New York, happens to be one of the biggest modern hubs of the global economy.

The city is one of the largest urban hubs of the international economy and hence has been characterised as Alpha ++ world city. Wall Street located in Lower Manhattan is the leading financial centre and is home to the New York Stock Exchange (NYSE), the world’s largest stock exchange in terms total market capitalisation of its listed companies.

New York’s economic might can be gauged from the fact that the city is home to a maximum number of world’s billionaires. Several organisations including 45 Fortune 500 companies have their headquarters in New York City. On the other hand, industries such as information technology, software development, advertising, education (home to Ivy League University), fashion, new media are booming, accounting for an increased number of jobs for millennials.

#3. Paris, France

Paris has a particular place in people’s imaginations. One of the first global cities, its charisma has attracted the world’s brightest minds for centuries, from artists and émigrés to writers and entrepreneurs to political leaders. Fashion and Epicureanism still make up for its moniker style; but as the real city dropped out far its historic core, diversifying and adapting, the Paris of the imagination became somewhat fixed. Reconnecting the two cities will be an essential part of realising the potential for Paris to thrive in future.

Economically, it is growing stronger with each passing day, with Paris Region registering one of the highest GDPs in the world, (to the tune of $US845 billion). The Region headquarters 30 of the Fortune Global 500 companies and is the third most popular tourist destination after London and Bangkok.

In spite being a hub for high-tech manufacturing and high-value-added service industries, Paris is rated as the second most “green” city in Europe, right after Berlin. The City of Lights is close on the heels of London and New York regarding the economic importance, ease of doing business and of course, one of the best global cities to work and live.

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3 Lessons I Learnt from Quitting a Full-Time Job without Having Another

Quitting a full time job

Well, it is the cardinal rule of the global workforce—never quit a job without having another lined up.

However, sometimes choosing to walk off the beaten track can be a good idea and an enriching experience for some.

Being a professional for more than six years now, I have dawned various job roles spanning across three industries. From content to publishing to KPO, back to publishing; then jostling in a remote startup, followed by online marketing and now a full-time digital media professional, I have learned a lot. Not only have I matured as an individual but grown as a professional as well.

In this short span of my career, I have almost faced it all—right from being laid off (company issues) to being a victim of Queen Bee syndrome to quitting a full time job without any backup plan.

While these experiences might seem (or may not) fascinating to some, there are various bright side and even flip side to it. However, I would ideally focus on the last part—that is what I have learned by quitting a full time job without any backup plan.

Looking back, I can vouch that leaving job without another job, while probably might not have been the wisest decision to make. Nonetheless, it did teach a lot of life in general. Whether you call it stupid, impulsive or courageous, at the least it was educational.

Three major life lessons I learned (after quitting a full time job) are explicated in the paragraphs below:

Quitting a full time job
Img. Src. Chicagoland Real Estate

#1. Uncertainty can be exciting

Well, for me the uncertainty came as a welcoming change. Somehow, deep down inside I knew that this phase of unemployment would turn out to be fruitful for me and after a while, really it will not be a problem to take up another job after some time.

However, the uncertainty also instilled a sense of excitement and enthusiasm in me. I felt optimistic and happy in pursuing my passions for some time at least. While I must confess it was one of the most anxiety-stricken time of my life, it was also one of the most exhilarating time – devoid of any routine.

#2. Life begins at the end of your comfort zone

True. And I am a living example of that. I realized the support of money being credited to your account every month would stop. I will have to continue living off my savings. There was a big part of me that figured I was suited for that sort of life and career.  I had succeeded in overcoming my worst fears. Jobless, living in a big city all on my own and sustaining on my little savings with an uncertain future. However, I somehow felt safe and contented with myself for getting to do the things I like, such as reading and photography. I was content.

#3. Your career doesn’t define you

Yes. I have realized this the hard way. We all have this inherent tendency to use our professions to define ourselves. But is life all about careers and occupations? I realized our job isn’t who we are—it’s what we do.

Initially, I felt the need to explain people about my decision. But later I realized it does not matter at all. Quitting a full time job was my decision, and it did not matter as to what others thought about my decision. In fact, most people and even my future employers (when I interviewed for them) did not care as to whether I was just sitting idle at home or globetrotting.

Quitting a full time job (for Queen Bee syndrome or office politics) is probably one of the scariest things I have done till date. While I would not go out and blatantly, suggest others test such waters, but the overall experience is worth sharing.

I not only learned a lot but discovered another side of me – the bold and courageous side to face and fight against the odds that professional life can throw at you anytime.

So, if you are thinking of taking your leap of faith any time soon, I hope these lessons embolden you and help you see the light at the end of the tunnel.

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What to do when you receive a Pink Slip at Work?

layoff

With the workplace being invaded by a flurry of new technologies and new inventions, the overall global economy is also undergoing multiple changes in keeping with present times. Consequently, private employers are making no concession about turning the heat onto their employees, declaring them redundant, or “unnecessary” in layman’s language, which in turn result into issuing a pink slip at work.

Sometimes its businesses not making profits and the company running into massive losses. For instance, Microsoft Windows phone not performing well, which laid to cutting down on jobs. Sometimes companies shutting down a particular vertical (for example, Ola closing down TaxiforSure put to nearly 800 job cuts).

Also, firms just unable to yield profits  or restructuring within the organization, resulting in laying off a several employees, as in the case of IBM—often leads to organizations handing over Pink Slips to several employees.

Handing over Pink Slips or laying off employees happens everywhere and with almost with all companies across the globe. As a matter of fact, there is no reason as to why it cannot happen with you or I. Although there is very little one can do about such a situation, nonetheless, a little bit of preparation accompanied by a controlled reaction can help deal with the situation in a much better way.

Getting pink slip at work – How to cope with the situation?

layoff

Here’s what you can, rather must do when shown the door by the employers:

1. It is seldom personal; stop taking it that way

The first time you are made redundant at work, it’s but natural to take it personally. Most rational souls out there would be venting the statement “Why me”? However, while it is okay to think like that, it does not really matter in the long run. It’s better to think that you lost your job because of company issues and obviously not due to your performance or any such things. But, what you can do is, mourn your loss for a while and then get back with an absolute bang.

2. Develop and endear a positive attitude

During times as downsizing or company restructuring, it is very important to have a positive attitude. If you are able to endear a positive attitude, you will be able to find a way out from it. Harboring a positive attitude will help you turn the negative situation into a positive one and you will start networking with your connections again and reestablish relations with them. This will help you find new job opportunities.

3. Move into damage control mode as soon as you can

The news has been truly shocking for you and for a few days your life will seem as if to turn upside down. There will be a lot of grieving, emotion turmoil, anger, hatred and probably blaming destiny. But that’s about it.

As mentioned earlier, anyone can be a victim of a layoff, so, make yourself understand that you are not the only one. There are others also who have been through this phase at one time or the other, while serving in the private sector.

Gather yourself and set up a plan, whether it is about doing things you like (it could be reading or travelling) or simply honing your hobbies. Keep networking as much possible. You never know when the next big opportunity knocks at your door.

4. Meet new people and do things that make you happy

Another good way to deal with a situation like lay off is to make the most of the time. Instead of grieving or expressing anger, accept what has happened and move on. Utilize this time to spend time with yourself and meet new people. Try and do things that make you happy. For example, if you have been thinking of reading any particular novel now would be a splendid time or on the other hand, if you have been embarking on a trip to your favorite place, now is the best time as you do not have to ask for leaves from your manager. Just pack your bags, leave and unwind yourself, in the best possible way. Such moves will boost your mood and help you forget the bitterness of being laid off a little more quickly.

5. It’s time to hone your resume

However, unceremonious your exit might have been from the job, but there must have been individual skills that you have learnt while at it. Understand, it is the basis on which you will be applying for your next job. So, it is better to accept reality and start revamping your resume as soon as you can.

If the reason for redundancy was a dying industry, you might just have to consider switching industries all over again. This would require restructuring your resume considerably or may be a complete makeover. Make sure you do remember to do that. You can also choose to take professional help in rebuilding your new resume.

6. Learn to get flexible

Receiving a Pink Slip is an uncalled for the situation, and it can put to the test, your physical, mental and financial endurance. An unfavorable job market can make things even tougher for you. Therefore, it is better that you remain open to salary negotiations while looking out for your next job. You might not get the best combination of a well-known company, best pay package, excellent work environment or a great job location. You have to settle somewhere or the other. You go to learn to priorities. It’s not like you have to take the first job that comes your way, but remain open to every kind of option like this one time, it’s you who are on the receiving end.

7. Take care of yourself

Being laid off all of sudden does take a toll on your mental and physical being. It is very necessary during these times to take care of your health – both mental and physical. Indulge in some physical exercise. Hit the gym, go for cycling or swimming, play tennis and maintain a proper balanced diet. Such a routine will help you rejuvenate yourself.

While redundancy does leave behind a bad taste, negativity is the last thing you should carry in your baggage. Never express anything negative about your previous employer while appearing for an interview and always understand that there is nothing wrong with being made redundant. While it is a bad side of business, it is also a part of it, and we all got to deal with it.

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Top 5 Sectors That Will Create Jobs In The Next Six Months

Hiring-2016

While the Indian economy continues to register a somewhat slower growth with a gross domestic product (GDP) growth rate of 7 per cent, the job market seems to be experiencing a new high. In a survey on hiring trends recently released by India’s leading job portal, it was stated that hiring activities has increased considerably and over 77 percent of employers are of the opinion that several new jobs will be created in the coming six months.

The findings are based on responses from over 1,300 recruiters and consultants across more than 20 industries. Around 51 per cent of the respondents anticipate that most new jobs would be at the middle management level. About 51 percent of those surveyed opined that new jobs would be created apart from replacement hiring in the next six months.

Explained below are the top 5 sectors where hiring activity will be the highest in the next six months

Hiring-2016

Some of the major sectors that would witness a rise in the percentage of include IT, ITeS, Retail, BFSI, Automobile and Tourism/ Hospitality industry. Let’s explore them in details:

  1. Information Technology/Enabled Services (IT/ITeS)

In the coming six months, IT/ITeS will continue to remain the dominant employer within the Indian job market. The industry clocked revenues of over USD 146 billion in 2015 showing a growth of 13% over the last year and contributed over 9.5% to the total GDP of India. The sector leads the pack in services sector by employing nearly 3.5 million professionals.

With companies focusing more on digitization, nearly a million jobs are expected to be created in the coming six months. In the words of Alka Dhingra, Assistant General Manager, TeamLease Services, “With companies focusing on technology and digitisation, the hiring focus has shifted from scale to skill”. This acquisition of skills is expected to be the game changer in the field of IT. The latter half of the year will see a rise in skills such as cloud services and big data, and profiles like that of digital marketing is expected to create nearly 80000 jobs.

  1. Banking and Financial Services Industry (BFSI)

The IT industry is followed by the Banking and Financial Services Industry (BFSI) that happens to be the second largest employer in India Showing a substantial growth rate on a yearly basis, the BFSI contributed 6% to India’s GDP in 2015. The size of banking assets in India touched US$ 1.46 trillion in November 2015 and is expected to grow manifolds to US$ 28.5 trillion by 2025.

In August 2015, the Reserve Bank of India (RBI) gave green signal to 11 entities for setting up payments and further liberalized the sector by granting ten more licenses to small finance banks in September. Needless to say that these entities went on to become the highest grossing employers and in the coming six months will continue with their hiring spree. If you are already serving in this sector, 2016 have to be one of the best years in your professional career. Be ready to be hunted down by multiple employers from within the industry.

  1. Retail Sector

Over the past one and a half decade, India’s retain segment has grown manifold and has turned out to be a potential employer. Its overall size is estimated to be INR 31 trillion (US$534 billion) in 2013-14 with a CAGR of 15% which was way higher than the growth of the country’s GDP. Going forward the sector is likely to witness a CAGR 12–13 percent which would be worth INR 55 trillion (US$ 948 billion) in 2018–19. With such a projected growth rate, the sector makes for a potential employer. Now with the government opening up foreign direct investment (FDI) in retail, the sector is not only poised for a rapid growth but will also create thousands of jobs. International players like Tesco, Walmart and IKEA have already leveraged on this and have forayed into the Indian retail landscape. Needless to say that these new companies will be definitely looking towards hiring new employees. The top job markets for retailing include Mumbai, Delhi/NCR, Bengaluru and Hyderabad, followed by Jaipur, Surat and Ahmedabad.

  1. Hospitality/Travel and Tourism Sector

The travel and tourism sector holds strategic importance in the Indian economy providing several socio economic benefits. Provision of employment, income and foreign exchange, development or expansion of other industries such as agriculture, construction, handicrafts and so on. The sector contributed to nearly 7.5% to India’s GDP in 2015 and reports suggest that the industry is poised for more substantial growth, leading to the creation of nearly 25 million jobs by the end of 2016.

While the government is all set to boost tourism through the help of technology (launching of Incredible India app), the country has also witnessed an upsurge in medical tourism as well.  Cost factor and availability of accredited facilities have led to the emergence of India as medical tourism corridor. This particular segment is expected to grow from its current size to US$ 3 billion to nearly US$ 8 billion by 2020. Needless to say that those who are already in the industry will be experiencing a new high and jobseekers will be able to find scores of employment opportunities in the sector.

  1. Automobile Industry

The Indian automobile industry has seen interesting dynamics in recent times with the effect of the global downturn, followed by recovery in domestic demand. Though the industry has been a little sluggish, it contributes more than 45 percent to the manufacturing GDP and more than 7% to the country’s overall GDP. According to the Automotive Mission Plan 2016-26 prepared jointly by the Society of Indian Automobile Manufacturers (SIAM) and the Government of India, the sector has the potential to generate up to $300 billion in annual revenue by 2026 and create 65 million additional jobs.

After the World Health Organization (WHO) rated India has having some of most polluted cities in the world, the government has taken initiative to phase out all commercial vehicles that are more than 15 years’ old. If implemented properly nearly 3 million vehicles will be off the road, leading to the demand of more commercial vehicles. This would imply a greater demand for workforce in the industry, thus leading to more job creation.

So, if you are looking for a job or for change of job, now you know which all sectors to focus on, keeping in mind your qualification and experiences.

***

Sources: Economic Times and KPMG

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Job Change or Counter Offer – Which One Should You Opt For?

Counter-offer

You have been looking for a job change for some time now. You have surfed through several job portals and floating your resume all across. Finally, you come across the job offer you have been waiting for all this while. It is time for you to say goodbye to your current employer. So, one fine day, you submit your resignation and decide to serve the notice period.

Now here comes a twist. Your current organization evaluates the situation and decides to hold you back. Needless to say that your manager/HR/current employer makes you a counter offer. What to do now?

Let’s delve into a little detail

Remember that every company, whenever they hire, whether through job portals, social media or any other resource, they put in much effort into it. Scanning and interviewing probably a hundred of candidates before making the final decision. Employers also have to put in much effort to train people and retain them.

After resigning, receiving a counter offer is very natural (promotion or hike in compensation), and it happens in most industries across the globe. Since hiring is a tedious process, an employer also tries his or her best to retain an employee.

Counter Offer
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Types of Counter Offers

As said earlier, a counter offer implies when your current employer decides to retain you after you have put in your papers. They usually review the terms and conditions and make a fresh new offer. There are essentially two types of counter offer that you come across:

Economic/Financial: This is one of the best counter offers that is usually made by the employers. In this case, what they do is make you an increased compensation offer than your new job offer (in case they have an idea about your new pay package). Sometimes it is a common assumption that they make and try to retain you according to the new terms and conditions.

Emotional: This has nothing to do with the financial aspect of the company. In this case, the employer tends to focus on the loyalty part of the employee. In these case, the current employer manages to lure the employee by offering him a position that the present one. To be very blunt, the employee is offered a promotion along with promises of a better future.

What should you decide? Well, it is a NO!

Lucrative offers such as the ones mentioned above might make you reconsider your decision. You might think that you are a valuable asset for the organization, which is why they want to retain you.

Well yes, you are an asset but only because it will cost more to replace you than keep you, especially if your resignation has come as a surprise or at a time when your company cannot be without resources. Boosting your salary or promoting you is a means for your HR to keep you within the organization until you become more disposable!

Are you surprised by any chance? Well, you might be surprised, but it is a fact. While this does not mean that you are any less valuable to your organization, but employers and good managers these days know that switching jobs are but a part and parcel of present day professional lives.

Why can counter offer might not be right for you?

There are certain reasons as to why accepting a counter offer might not be right for you. Here’s an overview:

I. You may lose the most genuine part: Trust

Yes. Once you have resigned from a particular company and accepted another job offer, clearly implies that somewhere down the line you are unhappy with your current employer. Even a counter offer might not guarantee that you will not look for new offers.

II. No significant change in your bank balance

You might have been offered a better compensation, and you choose to accept your counter offer. The extra bucks might be simply the money allocated for your next bonus or raise. Therefore, diminishing the actual value of the counter offer.

III. You are burning bridges

Understand that going back to a particular company, after accepting their offer might not be viewed in a very positive light. If you decide to stay with your current company and things again don’t work for you as promised/expected, you have burned a bridge with a company that may have been a better fit.

IV. Chances of losing your reputation

This might come as a surprise to you, but the fact that you accepted a counter offer and rejected another new offer, might not be perceived in a right way by others; especially the new company. You never know, you might be letting go better chances of professional growth by rejecting a new offer.

On the last note, it can be said that while not all acceptances of counter-offers are regretful, (some can turn out to be positive for some professionals), in most cases they are often perceived as the “Kiss of Death” for someone’s career.

Follow the Latest Updates on Talent Acquisition & HR Tech on CareerBuilder India G+ and Instagram.

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5 Best Cities for MBA Professionals in India(Infographic)

MBA jobs in India-Infographics

As per the recent study, India is amongst the top 5 MBA destinations worldwide! Isn’t it a good news for the Indian B-schools? The way India is progressing on the educational front is simply commendable!

Did you know?

MBA is one of the most popular management degrees in India. It is seen as a field of tremendous scope and opportunities. Still many of the graduates are not being able to find a good MBA job in India. Reason can be lack of industry experience or not good job offers or maybe they feel overqualified for the jobs.  Those receiving MBA degrees at least this year can expect multiple offers coming their way. As a matter of fact, 9 out of 10 employers plan to hire business graduates this year. Some of the top MBA employers are Accenture, HP, Deloitte, Cognizant and so on.

Furthermore, what makes a city worthy of finding jobs in MBA?  Is it the number of job opportunities or the salary package or cost of living? To get a clearer picture, take a look over the infographic powered by CareerBuilder India titled, ‘5 Best Cities for MBA professionals in India’, which presents the amazing facts associated with various aspects of MBA employment.

Best Cities for MBA Jobs Infographics-CareerBuilder India

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Advance your Career Search via Social Media

Career Search Tips

In the 21st century scenario, everyone is going social. The emergence of social media has out blown most of the industries and has compelled recruiters to hire through social media platforms. Devising social media strategy can certainly go miles in enhancing the careers of professionals.

Career Search Tips

Have a look on the OPPORTUNITIES that lay within

  • Comprehensive network

Job seekers, employees and recruiters can get in touch with people of the same or similar background and extend their professional network with an aim to get visualized. Whether it is Twitter you are comfortable at or LinkedIn, every social media platform gives an opportunity to interact and grow your network.

  • Seek vacant jobs

Today, most of the companies make use of social media channels to advertise their job descriptions. Especially, companies with low budget can make use of this free to use platform where the chances of reaching out to the masses are higher than any other platform. That hence, opens an opportunity for job seekers to create their professional profiles, upload their resumes and connect with people in the management, HR, recruitment team.

  • Portray yourself as a subject matter expert:
    Inaugurating yourself as a subject matter expert is a smart way to reach out to businesses, recruiters and employers who are looking out for such talent. When you start commenting on significant topics of a particular industry and share your views via blogs, votes, posts, tweets, and more, you tend to establish yourself as a subject expert. Contribute in group discussions, put forth your ideas and come forward as an easy to approach person, it will ultimately improve your visibility and chances of being called from a branded organization.

Have a look on the CHALLENGES

If social media can make your personal brand, it can aggravate the same as well. Keeping this in view, consider the pointers to retain your dignity at any social media platform:

  1. Make posts that are appropriate

Post only what’s appropriate- If you do not want your family members to see, don’tgo for such posts.

  1. Keep it professional

While, there is a wider room for personal activity at social media channels, the advice is to keep the ‘personal stuff’ at a minimum. There is no harm in expressing your personal views on your social media platform, but sometimes being too personal can dilute your personal brand.

  1. Know your focus industry:

During your job search phase via social media, it is wise to post on topics specific to your industry. This does not mean you can never peep into any other segment, it only means you are focused on what social media activity can bring you the best results in terms of a job.

 

With the number of users of Social media platforms growing by leaps and bounds, more and more recruiters and agencies are finding the right mix of people from their listed requirements. It also gives them the right opportunity and window to showcase the employer brand to the right audience.

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Happy Days Ahead For ALL IT Aspirants!

IT industry updates

IT jobs are always known to be amongst the best and high paying jobs in India. IT in India is perhaps the largest employment sectors. Indian information technology (IT) is growing at breakneck speeds. As per the new report by a leading research firm Gartner Inc., the IT spending is projected to reach USD 73.3 billion in 2015 up 9.4% from USD67.1 billion in 2014.

Some of the major cities, where one can explore various IT jobs are listed below, take a look-

  • Bangalore
  • Hyderabad
  • Chennai
  • Mumbai

The speed at which IT spending in India is growing may make it the third largest IT market in the Asia-Pacific by 2016 and second largest by 2018 after China. Prospects are ripe that India will soon escalate to number three position from number four market in Asia Pacific.

The report further revealed that IT services segment is forecasted to grow 15.7% while software sector may grow 14% in 2015. This calls for happy days ahead for Indian software service exporters like Tata Consultancy Services (TCS), Infosys, HCL Technologies and Tech Mahindra that have also reported high growth and huge deal wins from top markets such as US and Europe which collectively accounts for over 85% of their business.

Experts say that one in three jobs will be connected to software and IT.

What are the Most Important Software and IT Skills in Demand?

It is true that IT jobs are high in demand and are available in large numbers. With so many people desirous of making a career in the thriving IT industry, it is advisable to make yourself aware of the requisite skills that will make you stand out from the rest. The skills that will help you to get your dream job are listed below, take a look-

  • Adaptability
  • Integrity & Values, Result Orientation
  • Cultural Fitment
  • Communication
  • Domain Expertise
  • Numerical & Logical Ability

What does the Union Budget 2015 Stores in for IT Industry?

In February 2015, Finance minister announced his second budget. So how does it is going to impact IT industry? Let us check out the key highlights of the budget.

  • Abolition of Wealth Tax
  • To cut income tax on royalty fee on tech services to 10%
  • Indian School of Mines, Dhanbad to be made full-fledged IIT
  • National Skill Mission to be launched which intends to develop employability of the youth, especially below 25 years of age
  • Full IT-based student financial body to be set up
  • To allocate 1000 core to enable IT startups
  • Rs 150 crore for world class
  • To strengthen employment landscape, making India the manufacturing hub
  • Reduction in rates of basic customs duty on certain inputs, raw materials, intermediates and components so as to minimize the impact of duty inversion and reduce the manufacturing cost in several sector

Conclusion

Well, IT jobs in India have extremely bright prospects. Your dedication, confidence and willingness to do something exceptional in the competitive tech world will surely boost your professional abilities and career graph.

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