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Saturday, December 13, 2008

GOVT. JOBS ARE THE IN THING NOW !

MBAs are vying for government jobs . But that's only the tip of the iceberg . And there are a whole lot of issues involved in the reverse trend.

In the past four to five years, billions of dollars were pumped into the Indian economy. There was a boom pervading all sectors, including manufacturing , retail, banking, IT and ITeS. Several new projects were on the go. Share prices were shooting up in advance. Everything looked great.

More projects started pouring in. Attrition became the order of the day and a lot of speculative recruitment was made assuming that people would leave for greener pastures. Newcomers were employed. At the senior level , though, there weren't many experienced hands available. So, salaries of those available sky-rocketed .

On the other side of these experienced hands were MBAs rolling out of top management institutions. These youngsters were perceived to be intelligent , enterprising and competent. Their salaries, naturally, reached the skies, too. Soon the salaries were being hiked three fold - or even more.

Suddenly, when the financial global crisis hit USA , HRs started questioning whether the salaries were justified by productivity. The answer was obviously no. Then, the employment scenario changed. Fresh recruitment in the banking and financial services was cut down by 50%. Other sectors followed suit.

All of a sudden, there's an increase in the supply of manpower with a diminishing demand. Most corporates have now decided to wait and watch the economy before hiring people. So, there's a severe crunch in the high-paying job market. Especially with multinationals shedding 10,000 to 15,000 of the workforce. These news reports have had a negative effect on B-schoolgoers . They have lost confidence in the economy and are now turning to more secure government jobs despite their low pay structure. It's a psychological trend rather than a real one.

But then, this is a temporary phenomenon . MBAs will largely settle for corporate jobs once the growth trajectory shoots up.

Friday, December 12, 2008

FRESH OPENINGS COMING UP SHORTLY !

Vijaya Bank invites applications for recruitment of 311 Specialists/Generalists Officers-
Project 2008.

Canara Bank
invites applications for recruitment of Chief Security Officer- Project 2008.

National Highway Authority of India
requires 50 General Manager, Dy. General Manager, Manager and 203 Stenographer, Accountant and Junior Hindi Translator.

Jawaharlal Institute of Postgraduate Medical Education & Research, Puducherry
requires 150 Assistant Professor in various discipline.

Mahatma Gandhi Antarrashtriya Hindi Vishwavidyalaya
requires 26 Teaching & Non-Teaching posts.

Power grid Corporation of india Limited
requires 96 Engineer, Chief Manager, Dy. Manager etc.

Dr. Ram Manohar Lohia Hospital, New Delhi
requires 60 Staff Nurse.

University Grants Commission
invites applications for award of fellowship for the year 2008-09 under Rajiv Gandhi National Fellowship Scheme (RGNFS) for the benefit of SC/ST candidates.

Union Public Service Commision
invites applications for various posts.

Thursday, December 11, 2008

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Sunday, November 2, 2008

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