Did Recession Makes Any Difference To Job Market In India - CiteHR
Nipuna
Manager Hr
Jitench
Manager - Hr
Rajat Joshi
Hr Consulting ,trainer -creative Thinking
K.Ravi
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Preeti3
Hr & Admin
Reema13
Student
+3 Others

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According to our western view, we believe India is already been exploded with over population since last three decades. Even recession cannot change their plight for survivals struggle as economic growth did same people were struggling with same pain as today in recesion.
What recession would have made the difference to their life in india?
Because its always been suffering of scaricity of the resources. For average indian its same struggle whether its booming or glooming economy intensity may flctuate a bit but volume is same in day to day life for survival of indians?
Regards
Captain

Job Market Has Always Been Tight In India Even During Boom Time Except It Setor And Service Sector Every Thing Was Same For Real Manufacturing Jobs Old Economy Jobs Were Not Seen Any Growth.
Its Same Struggle For Jobs Search Nothing Has Change Except Job Advertisements On Nauker.com And Otrher Job Sites Ar Empty These Days.
Terrific Time These Days As Before.
Badlu

Job Market Has Always Been Tight In India Even During Boom Time Except It Setor And Service Sector Every Thing Was Same For Real Manufacturing Jobs Old Economy Jobs Were Not Seen Any Growth.
Its Same Struggle For Jobs Search Nothing Has Change Except Job Advertisements On Nauker.com And Otrher Job Sites Ar Empty These Days.
Terrific Time These Days As Before.what Has Changed Is Our Exceptations Has Gone Down
Badlu

i agree with badlooser that all the sectors other than IT sector tere is always a job crisis.
but we should look in a different way. in this recession time, the inflation is laso going down and many other things are also happening.
so i dont think that this recession is really affecting our Indian economy.

People always talk about indian economy and job market and other big big things which I dont understand but whatever changes happen in INDIA, rarely they affect the common man,, the common man has to struggle to survive everyday.... and it does not matter to him where indias economy is going and what is recession...
Hi All,
Yes i strongly agree with Ravi, the common man is struggling same as it was before recession.
One of my close friend has quit his job due in start of month Nov'08 and still he has not got the job, he has gave almost 5 interviews in banking and insurance sector and reply from HR is same the openings are freezed recruitment but they conduct interview i dont know why interviews are conducted but recruitment is not done. The common man is only sufferer and struggler.
Regards,
Preeti

Hi All,
Yes, i strongly agree with Ravi, the common man is only sufferer and struggle r. Rich man is becoming rich day by day and poor are becoming more poorer.
Banking and insurance industry has free zed recruitment from long time, one of my close friend has quit his job due in Nov month still he has not got any job as recruitment is freeze till April. The victim is common man.
I pray recruitments opens ASAP in banking and insurance sector and my friend gets job and others too who are looking for openings.
Regards,
Preeti

Hi All,
Yes, i strongly agree with Ravi, the common man is only sufferer and struggle r. Rich man is becoming rich day by day and poor are becoming more poorer.
Banking and insurance industry has free zed recruitment from long time, one of my close friend has quit his job due in Nov month still he has not got any job as recruitment is freeze till April. The victim is common man.
I pray recruitments opens ASAP in banking and insurance sector and my friend gets job and others too who are looking for openings.
Regards,
Preeti

Dear all,
There is so much news about global meltdown and yet there are contradictory and inconsistent reporting by the media.
Read and ignore the news at the end of this note
My two cents thoughts is to ignore the fact that TCS and WIPRO had earlier opted out of IIT because of the attrition problem and the world of jobs does not make merely a few players of them alone. Jobs are there but the premium salary earning is not there to demand.
There is much of attrition in the Insurance and Bank segments for the MBA.. The job market reality is so different . The beneath says Retail will have shortage of talents. That is another contradiction when the departmental stores are closing down.
Please focus on small companies of excellence. Perform and grow with the organisation. . Innovation is lot more possible in small companies. Then later move to the big player who indeed would pay premium when they see your performance.
Lastly please note that we are facing downturn not recession. Please refer to the link herein.
<link outdated-removed> ( Search On Cite | Search On Google )
Here it is the sentiments which is playing a major reason in deferring the decisions..like a guy who wants to buy a bike/car is told his mother or wife to defer the same for next six months ..this has a ripple effect. Also , India is pretty well insulated from the Global crisis..the jobs affected are related to US IT projects.
Have our Banks crashed ?..is there liquidity crunch – only banks have become more cautious..
There are and would be jobs available but one has to be really competent to get the same and most companies are just being cautious including my organization as well..Just wait for the period of six months..ppl would get sensitized and comfortable with the economic scenario..things would limp back to normalcy. Don;t forget the fact that the public memory is short :-P
Like other crises in the past we have faced this would pass as well.
There is a dire need by the Govt to increase the public spending on the infrastructure which would have the multiplier effect to tide out the crisis.Please refer to the point made Nobel Prize winner...
http://economictimes.indiatimes.com/...ow/4043396.cms
Last week there was discussion on the reccession and one of the speakers drew allegory to the fact that recession is akin to being Optimist - if one sees the half filled glass as half empty and Pessimist - who sees it as a half empty.
He asked me what you see half Filled Glass - Optimist or Pessimist ?
I said " Sir.." Realist"
He said " Beg your Pardon !"
I : "Sir, i would add Scotch Whisky to the glass and gulp it down".:-P
This is what precisely is the way to deal with the current situation.
Cheers,
Rajat Joshi


2009 Will Be a Tough Year For First Time Job seekers
The India growth story has lost its sheen, thanks to the economic slowdown. This will clearly reflect on the job prospects of entry-level jobseekers this year. According to industry experts, the job market is not exactly happening in 2009. Job growth has slowed and many companies are optimizing their surplus staff and have frozen hiring. Campus recruitment is also down from the previous year. The big four tech giants, Infosys, Tata Consultancy Services, Wipro and Satyam are expected to hire less than last year. However, despite an overall drop in employment generation, there are sectors such as insurance, healthcare support, retail and education that will witness a shortage of available talent.
Source:
02-01-09Hindustan Times Business Compiled by www.naukri.com


IIT Placements Hit Hard By Recession
Students at the Indian Institutes of Technology (IITs) are bearing the brunt of the global economic downturn. At the IITs, this year, only 25 to 40 per cent of the M Tech students have been placed so far in contrast to last year when most IITs had achieved around 90 per cent placements by this time. At IIT Roorkee, TCS has hired only 13 students against 36 last year and Infosys Technologies only four against seven last year. Wipro Technologies has given the campus a miss this year. Similarly, IIT Guwahati has not heard from TCS and Wipro. The IITs are looking at extending the placement period.
Source: 31-12-08 news.in.msn. com Compiled by www.naukri.com

Hiring Outlook For 2009
Companies across sectors are planning to hire more than 2,50,000 new employees over the next few months. This includes more than one lakh full- time employees and about 1.5 lakh in part-time positions with insurance companies. While most of the hiring would take place in the financial services industry, the overall job market scenario is expected to recover in the second half of the year. Public sector banking giants like State Bank of India and Punjab National Bank as well as insurance firms such as Anil Ambani group's Reliance Life, SBI Life, Metlife, Max New York Life will hire big. Also, some BPOs and healthcare firms like ACS and Accentia are planning to hire thousands of people in the coming months. According to HR consultancy major Hewitt Associates, sectors like insurance, telecom, infrastructure and Special Economic Zones may hire people in 2009 but the hiring outlook would remain uncertain for sectors like real estate, textile and retail.
Source:
01-01-09 India News | Indian Business, Finance News | Sports: Cricket India | Bollywood, Tamil, Telugu Movies | Astrology, Indian Recipes Compiled by www.naukri.com

Hi,
I'm new to this forum.
I work in Corporate HR in Kuwait.With regards to the discussion on Reccession there is no much effect in the gulf except Dubai where the real estate industry is hit badly and construction are left pending halfway.But hiring here also is freezed as of now.
What about the HR professionals who return back to India after sometime?Will they face a difficulty in getting a job back into HR.
Regards
HR Professional


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