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Showing posts with the label job-security

Eight questions candidates must ask in interview ?

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Sakaar Anand, VP-HR, CA Technologies advises you on questions to ask at your next job interview! Candidates often wonder if it is actually right to question their prospective employer about the job. Will the employer like it or get offended? It is an important window for a candidate to understand the mindset of their prospective employer. And, if candidates' feel they will fumble during the interview, it is wise to prepare a list of questions to grill the interviewer. However, the real trick is to choose the right questions. For mid and senior level jobs, some important questions that candidates should get answered are: * Please describe the top three things that really drive results for this company. * What is the company's culture and leadership philosophy like? * What do you expect me to accomplish in the first 60 to 90 days in this role? * What is the typical career trajectory for a person in this role and this role's contributio...

IT hiring may drop by 17% this fiscal: Nasscom

Rising automation and low attrition in IT sector may act as a dampener for job seekers with industry body Nasscomexpecting hiring to decline by up to 17 per cent to 1,50,000 in the current fiscal. The 108-billion dollar Indian IT-ITeS sector provides employment to about 3 million professionals. "I think we will have net additions of 150,000-180,000 this year. Last year it was about 180,000," Nasscom President Som Mittal said when asked about the hiring environment. Explaining the decline, he added: "It might be less than last year, as it is getting non-linear and lower-end jobs are getting automated. The profile is changing and we need more Domain experts." Attrition levels have also come down to around 14-15 per cent against the industry average of 20 per cent earlier. Mittal also said that campus hiring may fall significantly due to change in hiring patterns. "Campus hiring may be 60 per cent of what it was last year," he said, adding that now ...

LinkedIn study reveals why people hate their jobs

More or less everyone has a grudge or two against their job. LinkedIn has brought out some reasons as to why employees may be hating their job, the Huffington Post reported. A recent study by Dale Carnegie Training showed that nearly 75% of workers are not fully engaged at their jobs. One of the major reasons is that an employee's friends are having an amazing experience at another company, which makes them envious. The transparency of employee benefits and perks at other companies can sometimes lead them to dream about working elsewhere. Another reason could be that the workers believe that he/she is not valued. A person also feels dissatisfied with his/her job if they find no room for advancement. Many workers feel stuck in their company, which often leads to job hopping. Being paid less than what is deserve also leaves employee disenchanted with their work. Rules can also ruin a team, as it becomes frustrating when an employee is not able their own decisions. The pass...

The end of the Indian IT Industry as we know it?

Over the past couple few weeks, I have been reading & thinking about the salary hikes that the companies are doling out. This year, it has been challenging to provide “good” pay hikes to most of the employees and most of them are ending up feeling disappointed, cheated even. There were even  dharnas staged because companies could not fulfil their promises of hiring them after graduation. There was a time in the early – 2000s when the IT industry was the sunrise sector in India. 20+ % pay hikes were very common for even average performers in organizations. This behaviour carried on till 2008-09 when the global financial crisis unleashed itself. The financial crisis affected most mid to senior level employees and things changed for most of them. Even during this time, young graduates ( The last 1 year has been tough on the Indian IT sector  Most companies are reporting flat growth, squeezed margins, and record low utilization levels. A few of the companies have reported that...

Infosys: Hiring in Indian IT sector to remain slow in 2013

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Hiring activity in the IT sector is likely to be muted this year, Infosys Co-founder and Executive Co-Chairman S Gopalakrishnan has said. "Hiring position seems to be muted this year because many companies still have deep bench (strength), in other words their utilisation rate is still low," he told PTI.  The $100-billion India IT-ITeS sector faced strong headwinds in 2012-13 due to global economic slowdown and muted spending in North America and Europe, which accounts for 80 per cent of Indian IT companies revenues.  Industry-body Nasscom expects a rise in global technology spending and opportunities created through adoption of disruptive technologies to propel growth in FY 2014.  Nasscom expects export revenues of $84-87 billion in 2013-14 fiscal at a growth rate of 12-14 per cent. Exports were estimated to have grown by 10.2 per cent to $75.8 billion in FY 2013.  The Indian IT industry, which contributes about 7.5 per cent to the coun...

Cognizant to cut bonuses this year

Due to the lower achievement of financial targets by Cognizant, top performers at the firm will get lower bonuses this year. An announcement with regard to this is due in a couple of weeks. The bonus, calculated for performance in 2012, (Cognizant follows January-December fiscal) is likely to be in the range of 90% to 145%, sources said. For 2011, the average bonus payout was 165% while the maximum was 200%. The company is currently computing the bonuses for various business divisions and will communicate this to employees mid-March. "In the years we beat our original growth guidance, we paid significantly above target. For 2012, where we missed our original guidance, our bonus payout will be a reflection of that performance. It must, however, be noted that our top performers will be rewarded well over 100%, and most others close to 100%," said a Cognizantspokesperson. Cognizant has consistently exceeded its targets for the last few years except ...

Five reasons why you should quit your current job?

A bad day in the office once in a while is fine, but long periods of being disheartened about the job or frequent lapses at work are an indication that the job may no longer interest you. But before you decide to look for an alternative, there are a few questions you should ask yourself. What are you unhappy about -- your job or your career? Is your dissatisfaction directly linked to a colleague or your boss? Do you see your long-term goals being met? NDTV spoke to two HR managers, one at an event management firm, and another at a consumer goods company. Here's what they have to say: 1. Underperformance: Constant failure to adhere to deadlines, negligence at work and lack of new ideas are a sure shot indicator that you might be on your way out. If you have reached a phase when you find it tough to match your usual performance levels, whether due to huge targets, competitive colleagues or lack of expertise, you should start looking for another job. Of course, you should not be jumpi...