India added nearly 1.4 crore people to the workforce as on January 2012, up 3 per cent from the same month in 2010, official data showed on Thursday.
"...the workforce at the all-India level, was about 45.9 crore as on January 1, 2010 (NSS 66th round) which increased to 47.29 crore on January 1, 2012 (NSS 68th round), indicating a growth of about 1.39 crore of the workforce at the all-India level between 66th round and 68th round," a release by National Sample Survey Office said today.
The NSSO data was based on 68th round survey conducted during July 2011-June 2012, it said. Of the 47.29 crore people employed, 23.46 crore were rural males, 10.18 crore rural females, 10.92 crore urban males and 2.73 crore urban female, it said.
Tuesday, June 25, 2013
IT market, jobs
Google voted best workplace in India, followed by Intel and American Express
Flying in from all corners of the country, braving monsoon rains and traffic jams in Mumbai, the HR chiefs and CEOs of leading companies queued up at a suburban hotel last Friday, with one question in mind: How had they fared in the coveted list- India's Best Companies To Work For.
Given that India Inc is in the throes of a slowdown, talent management has become crucial as industries marshal resources against the tough times. So this year's The Economic Times and The Great Place To Work Institute study had special importance. For some years, the study has provided the industry with a much-needed barometer to judge how companies fare on the people front.
The 2013 study, one of the largest in the world, covered 550 companies spanning 22 industries, surveying 98,998 employees. So it was but natural for the 60 CEOs and some 300 HR chiefs to wait with bated breath as the list was read out. In the end it was Google which once again took the top honour of being the best workplace in India.
Source: EconomicTimes
Given that India Inc is in the throes of a slowdown, talent management has become crucial as industries marshal resources against the tough times. So this year's The Economic Times and The Great Place To Work Institute study had special importance. For some years, the study has provided the industry with a much-needed barometer to judge how companies fare on the people front.
The 2013 study, one of the largest in the world, covered 550 companies spanning 22 industries, surveying 98,998 employees. So it was but natural for the 60 CEOs and some 300 HR chiefs to wait with bated breath as the list was read out. In the end it was Google which once again took the top honour of being the best workplace in India.
Source: EconomicTimes
IT market, jobs
Firms seek grads who can think fast, work in teams
They can get good grades, earn a diploma and breeze through that campus rite of spring, the job interview. But college graduates still might not land a decent job.
The world's top employers are pickier than ever. And they want to see more than high marks and the right degree.
They want graduates with so-called soft skills _ those who can work well in teams, write and speak with clarity, adapt quickly to changes in technology and business conditions and interact with colleagues from different countries and cultures.
``Soft skills tend to differentiate good college graduates from exceptional college graduates,'' says Joseph Krok, university research liaison at Britain's Rolls-Royce.
To find out what employers are seeking from university graduates around the world, The Associated Press talked to dozens of corporate recruiters, university career counselors, economists and students. What's clear is that companies increasingly want skills that don't show up in a college transcript or a sit-down interview.
``What the employers want is a well-rounded student,'' says Jean Manning-Clark, director of the Colorado School of Mines' career center. ``The ones that get 10 to 12 job offers are the ones who have strong soft skills.''
And companies are going to ever-greater lengths to identify the students who have the right mix of skills by observing them in role-playing exercises to see how they handle pressure and get along with others, relying more on applicants who have already proved themselves in internships and co-op jobs in which students work while attending school, and organizing contests that reveal how students solve problems and handle deadline pressure.
``It used to be that the interview itself was where you made or broke your chances with a company,'' says Dan Black, head of campus recruiting in the Americas for the accounting and consulting firm Ernst & Young. ``Now the assessment is a much longer and broader process.''
Read More at : EconomicTimes
The world's top employers are pickier than ever. And they want to see more than high marks and the right degree.
They want graduates with so-called soft skills _ those who can work well in teams, write and speak with clarity, adapt quickly to changes in technology and business conditions and interact with colleagues from different countries and cultures.
``Soft skills tend to differentiate good college graduates from exceptional college graduates,'' says Joseph Krok, university research liaison at Britain's Rolls-Royce.
To find out what employers are seeking from university graduates around the world, The Associated Press talked to dozens of corporate recruiters, university career counselors, economists and students. What's clear is that companies increasingly want skills that don't show up in a college transcript or a sit-down interview.
``What the employers want is a well-rounded student,'' says Jean Manning-Clark, director of the Colorado School of Mines' career center. ``The ones that get 10 to 12 job offers are the ones who have strong soft skills.''
And companies are going to ever-greater lengths to identify the students who have the right mix of skills by observing them in role-playing exercises to see how they handle pressure and get along with others, relying more on applicants who have already proved themselves in internships and co-op jobs in which students work while attending school, and organizing contests that reveal how students solve problems and handle deadline pressure.
``It used to be that the interview itself was where you made or broke your chances with a company,'' says Dan Black, head of campus recruiting in the Americas for the accounting and consulting firm Ernst & Young. ``Now the assessment is a much longer and broader process.''
Read More at : EconomicTimes
IT market, jobs
47% graduates in India are unemployable for any job: Report
At least 47% of graduates in India are not employable for any industry role, according the latest report by employability solutions firm Aspiring Minds.
The report is based on a pan-India study of 60,000 graduates across colleges.
According to the report, 47% graduates are not employable in any sector of the knowledge economy. The employability of graduates varies from 2.59% in functional roles such as accounting to 15.88% in sales-related roles and 21.37% for roles in the business process outsourcing (BPO/ITeS) sector.
A significant proportion of graduates, nearly 47%, were found not employable in any sector, given their lack of proficiency in English and cognitive skills.
Since a graduation degree is considered a pathway to a job in the knowledge economy, substantive intervention at the school and college level is needed to improve basic skills of students. A renewed focus on vocational training should be re-emphasised, said the report.
The employability varies from role to role based on varying degrees of proficiency required in language and cognitive skills.
For an analyst's role, close to 84% graduates were found to lack the right levels in cognitive ability, while 90% graduates did not have the required proficiency in English communication. As a result, less than 3% of India's graduates remain unemployable across different job profiles. These numbers change dramatically for a teaching role or a sales or support role in the industry.
Over 40% employable graduates are beyond the top 30% colleges and have no way to signal their employability to potential recruiters.
41% of graduates employable in accounting roles hail from colleges beyond the top 30% colleges, whereas for the IT services sector this percentage is 36%.
Despite being employable, these students have no way to signal their employability to recruiters who end up recruiting only from reputed colleges and universities.
"This study is a first of its kind for three-year degree graduates across India evaluating employability for major roles being offered by industry. The alarming statistics of nearly half of the country's graduates not being employable in the knowledge economy needs great attention with interventions at both the school and higher education levels," Varun Aggarwal, co-founder, Aspiring Minds said in a statement.
Source: Aspiring Minds
The report is based on a pan-India study of 60,000 graduates across colleges.
According to the report, 47% graduates are not employable in any sector of the knowledge economy. The employability of graduates varies from 2.59% in functional roles such as accounting to 15.88% in sales-related roles and 21.37% for roles in the business process outsourcing (BPO/ITeS) sector.
A significant proportion of graduates, nearly 47%, were found not employable in any sector, given their lack of proficiency in English and cognitive skills.
Since a graduation degree is considered a pathway to a job in the knowledge economy, substantive intervention at the school and college level is needed to improve basic skills of students. A renewed focus on vocational training should be re-emphasised, said the report.
The employability varies from role to role based on varying degrees of proficiency required in language and cognitive skills.
For an analyst's role, close to 84% graduates were found to lack the right levels in cognitive ability, while 90% graduates did not have the required proficiency in English communication. As a result, less than 3% of India's graduates remain unemployable across different job profiles. These numbers change dramatically for a teaching role or a sales or support role in the industry.
Over 40% employable graduates are beyond the top 30% colleges and have no way to signal their employability to potential recruiters.
41% of graduates employable in accounting roles hail from colleges beyond the top 30% colleges, whereas for the IT services sector this percentage is 36%.
Despite being employable, these students have no way to signal their employability to recruiters who end up recruiting only from reputed colleges and universities.
"This study is a first of its kind for three-year degree graduates across India evaluating employability for major roles being offered by industry. The alarming statistics of nearly half of the country's graduates not being employable in the knowledge economy needs great attention with interventions at both the school and higher education levels," Varun Aggarwal, co-founder, Aspiring Minds said in a statement.
Source: Aspiring Minds
Friday, June 21, 2013
IT market, Outsourcing
16 Indian companies in emerging top 100 software vendors list
As many as 16 Indian companies have made it to the list of top 100 software vendors in the emerging markets, commanding a combined revenue of $797 million, says a PricewaterhouseCoopers (PwC) report.
The latest PwC global 100 software leaders report also says that in terms of revenue, India was ranked fifth among the emerging markets in 2011.
In terms of software revenue among emerging markets China topped the list with $2,738 million, followed by Israel $1,174 million (2nd), Russia $1,015 million (3rd), Brazil $945 million (4th) and India $797 million (5th).
Meanwhile, Geodesic was ranked 14 on the list of software services revenue, followed by OnMobile (21), Subex (26), Infosys (27), TCS (29), FT India (35) and Tally Solutions (39).
Among other Indian firms, Cranes Software was placed in the 44th position in the list, followed by 3i Infotech (60), Newgen Software (62), Ramco Systems (64), Persistent (65), KLG Systel (71), Polaris Software (72), Educomp Solutions (85) and Teledata Technology (89).
"Emerging markets are poised to play an increasingly pivotal role in the global software industry. Focus on innovation, growing talent pool and government support are just some of the advantages of this market segment," the report said.
Meanwhile, the number of software product firms has grown over the last decade from a little over 100 in 2000 to nearly 2,400 in 2013, it said.
According to the industry body NASSCOM, the revenue from the software product segment currently stands at $2.2 billion and is expected to reach $10 billion by 2020.
The PwC report noted that software-as-a-service is gaining traction. Moreover, industry consolidation and increasing globalisation are also transforming the software sector.
"The Indian IT industry has been primarily identified with software services and this focus has relegated the software products segment to the background. However, of late, we are seeing a change in the fortunes of this segment due to significant growth," PwC India Leader Technology Sanjay Dhawan said.
Emerging technologies such as Social media, Mobility, Analytics and Cloud (SMAC) are driving the growth in the software product segment and helping it move to the next level, Dhawan added.
Source: PWC Report
The latest PwC global 100 software leaders report also says that in terms of revenue, India was ranked fifth among the emerging markets in 2011.
In terms of software revenue among emerging markets China topped the list with $2,738 million, followed by Israel $1,174 million (2nd), Russia $1,015 million (3rd), Brazil $945 million (4th) and India $797 million (5th).
Meanwhile, Geodesic was ranked 14 on the list of software services revenue, followed by OnMobile (21), Subex (26), Infosys (27), TCS (29), FT India (35) and Tally Solutions (39).
Among other Indian firms, Cranes Software was placed in the 44th position in the list, followed by 3i Infotech (60), Newgen Software (62), Ramco Systems (64), Persistent (65), KLG Systel (71), Polaris Software (72), Educomp Solutions (85) and Teledata Technology (89).
"Emerging markets are poised to play an increasingly pivotal role in the global software industry. Focus on innovation, growing talent pool and government support are just some of the advantages of this market segment," the report said.
Meanwhile, the number of software product firms has grown over the last decade from a little over 100 in 2000 to nearly 2,400 in 2013, it said.
According to the industry body NASSCOM, the revenue from the software product segment currently stands at $2.2 billion and is expected to reach $10 billion by 2020.
The PwC report noted that software-as-a-service is gaining traction. Moreover, industry consolidation and increasing globalisation are also transforming the software sector.
"The Indian IT industry has been primarily identified with software services and this focus has relegated the software products segment to the background. However, of late, we are seeing a change in the fortunes of this segment due to significant growth," PwC India Leader Technology Sanjay Dhawan said.
Emerging technologies such as Social media, Mobility, Analytics and Cloud (SMAC) are driving the growth in the software product segment and helping it move to the next level, Dhawan added.
Source: PWC Report
IT market, jobs, Salaries
15 best-paying companies for software engineers
Wonder which are the best paying companies for software engineers? Online jobs and career community Glassdoor’s recent survey claims to reveal just that. The figures collated by Business Insider ranks companies on the basis of the average base salary of their software engineers. Here are the top 15 companies from the list.
Source: GlassDoor
- Juniper Networks: Juniper Networks makes networking equipment, security products and network operating system. The company offers average base salary of $128,378 to its software engineers, says the survey, the highest in the industry.
- Google: Google is a tech titan that is known throughout the world for products like Search, Android, Gmail, Nexus smartphones and tablets, Picasa and online advertising platforms. Software engineers working at the company are paid average base salary of $124,520, according to the Glassdoor survey.
- Twitter: Twitter is the microblogging website where users can type messages with only 140 characters; the company claims to have over 500 million registered users. Software engineers earn average base salary of $120,768 at the company, says the survey.
- Facebook: Facebook is the biggest social network in the world and has over a billion registered users. As per the Glassdoor survey, the company pays $118,857 as average base salary to software engineers.
- Apple: Founded by Steve Jobs and Steve Wozniak, Apple is a US technology company that makes gadgets like iPhone, iPad, iPod, Mac series of computers etc. Software engineers earn average base salary of $118,192 at the company, the survey shows.
- LinkedIn: LinkedIn is the most popular professional networking website in the world, with over 200 million active users across the world. As per respondents in the Glassdoor survey, average base salary of software engineers at the company is $116,375.
- Brocade Communications: Brocade Communications is a US technology company that offers data and storage networking products, such as LAN and Wi-Fi switches, routers, network security appliances etc. The company pays average base salary of $111,858 to its software engineers, the survey reveals.
- eBay: eBay is one of the biggest online marketplaces where retailers as well as individuals can sell their goods to consumers; it also operates an online auction platform on its website. According to the Glassdoor survey, average base salary of software engineers at eBay is $108,461.
- Bloomberg LP: Bloomberg LP, which is well known for its media publications, takes care of data acquisition, distribution and management of enterprises. Software engineers working in the technology arm of the company earn $108,430 as average base salary.
- Zynga: Zynga is a social game making company that is best known for hits like Farmville and CityVille that took Facebook by storm. The software engineers employed at the company take home average base salary of $107,242.
- PayPal: A unit of online retailer eBay, PayPal is the world’s biggest online payment company. The Glassdoor survey reveals that software engineers at the company are paid average base salary of $106,920.
- VMWare: Palo Alto, California- based VMWare makes cloud and virtualisation software and services. According to respondents in the Glassdoor survey, the company’s software engineers get average base salary of $106,568.
- Oracle: Oracle, the third biggest software maker in the world, makes database management systems, computer hardware system as well as ERP, CRM and SCM software. The average base salary of software engineers at Oracle is $105,660, as per the survey.
- Nvidia: Nvidia is a Santa Clara, California-based company that manufacturers system-on-chips and graphic processing units for mobile devices. The Glassdoor survey says it pays an average base salary of $104,717 to its software engineers.
- Microsoft: Microsoft is the biggest software company in the world, best known for its Windows operating system for computers. Other Microsoft products include Surface tablets, Xbox gaming console and Windows Phone mobile operating system. The company offers its engineers average base salary of $103,563, according to the survey.
Source: GlassDoor
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