Post Recession Career Market Analysis

Post Recession Career Market Analysis Manu Srikumar Marketing Manager Freshers world .com Venue: Town Hall, Ernakulam Date: 27 th March 2010

Sub-prime crisis
Recession
Economic Slowdown
Financial Crisis

A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income, and other indicators
Less Spending by consumers
Companies reduce outputs
Employees laid off
Spending power decreases
Unemployment
Fierce Competition
What is recession? What did it do?

Impact of recession - India
Effect on outsourcing
Effect on exports
Decrease in employment
Cut in compensations, promotions & perks
Companies not ready to take up new projects

How will the recession end?
People start saving
More money
Government Sanctions, etc
India is closely aligned to the international market and we are a huge domestic market too.

Positives from the recession
Companies have restructured & reorganized
Employee expectations are realistic
Need to get costs under control is a positive & constructive effort.
Financial Reform

Good times are back! – Is the recession over?
Stock markets surging
Foreign Institutional investors making presence felt
More outsourced projects arrive in India
Hiring on a high! To increase by 17%
More than 1 million vacancies across domains
Telecom sector to hire 1 Lakh people
Software, Testing, Power, Healthcare, Construction, etc hiring

New rules for finding jobs
Forget the shotgun method
Research – companies & specializations
Expand your subject matter expertise
Consider different business environments
Your resume is a marketing tool
Look at the bigger picture

Post Recession Hiring Patterns
Attitude, energy & intelligence
Quality and not quantity
All round ability
Hiring based on global standards
More use of technology in hiring practice

Skills & Attributes in demand today
Technical Expertise – Domain knowledge
Good communication skills
Positive Attitude
Presence of mind
Team Player
Time Management
Ready to accept challenges

Keep Trying!
Focus on employers you would really like to work for
Join highly visible social networks, communities
Volunteer / Internship
Find creative ways

Transition from college to corporate Oral & Written Communication Skills Proactive & Inquisitive nature Ability to grasp things quickly Good team player Ready to accept challenges Time Management Problem Solving Presentation Skills

Change in education process
Facts
Only 14% of freshers are employable
More than 60 % of the freshers don’t know how to create CVs.
What needs to be done?
Necessity to make students industry ready
Internships
Group Discussions, Mock Interviews, etc to be included in course or to be
taught separately
Communicative English to be improved

Choice – Always look at the bigger picture
Core/ domain specific job Vs IT Vs Govt. , etc
Opportunity
Circumstances
Take a job, you can always change – Industry exposure can always help

About Freshers world .com
Placement Papers
Global Resume
Career Networking
Blogs
Communities
Discussion Forums
Jobs!

Dare to Dream!
" To accomplish great things, we must not only act, but also dream; not only plan, but also believe. ” Anatole France

Thank You
Reach me at
[email_address]

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Post Recession Career Market Analysis

by FreshersWorld.com on Mar 27, 2010

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Post Recession Career Market Analysis — Presentation Transcript