4 posts tagged “bpo jobs”

India leading the world in the BPO sector with its knowledge heads proving to be the best destination in the world for outsourcing.

BPO is been established in this country a decade ago to bring cost advantage, generate economies of scale and intellectual arbitrage. Visionaries are happy today that what they dreamed has proved and saved the world to a greater extent.

What made India the destination?

Economic Indicators

What companies look for in selecting an offshore location is the economics of the destination? India with a GDP of 9 to 10% proved to be the emerging economy for any company to kick start their operations. In the deepest recession visible in 2008 due to global financial crisis, India showing resilience to this and growing at 8 to 9% annually is a practical example of why India is ahead of other countries as Outsourcing destination.

Geographical Indicators

Indian placed in the safe geographies of the world with decent climate has been an attractive place to live and work. There has been a limited scope for natural calamities in India compared to the rest of the world.

Knowledge indicators

With knowledge pool of 500 million and strong education system proved India to be the destination for the future business place. Indians are present everywhere and there list is countless in fortune 500 companies. Today India has more SME (subject matter expertise) then anywhere in the world.

Employee costs

India with a rich knowledge pool and cost advantage as always proved to the destination for intellectual arbitrage.

Language Skills

English part of the curriculum and the medium in Indian schools helped India maintain an edge over the other Asian and Latin American countries.

Politics

Governments in India have always provided a stable ruling and investor friendly climate to attract overseas investments. The government has developed several SEZ (special economic zones), I.T parks, Regulating authorities, Employment societies, infrastructure initiatives and education programs.

Jobs in banking and financial services is holding high even in times of recession shadowing globally, If this market holds up then 2009 will be optimistic for job seekers.

Recruitment climate: India is the best place to find opportunities in investment banking at this point of time with more global outsourcing happening and more big IB’s moving to India for their captive units. TCS takeover of Citibank back office operation is a classic example of how the business structure is evolving and hope we can witness similar acquisitions in this space in 2009.

College climate: In the campus recruitment space software jobs are replaced by recruitment in BFSI (banking financial and insurance sectors) with more commerce graduates placing into MNC’s with big packages. It’s no longer a surprise to hear of an MBA package at the mediocre college at Rs. 20,000, this can be reflected in the seats fill up at engineering and commerce colleges where the latter seats are filled first before anything else.

Hot Jobs in India

1.    Commodity Research. There’s a huge shortage of people in commodity research at the moment as there hasn’t been much history for regularized commodity market in India.

2.    M&A. India being the destination due to intellectual arbitrage will be a strong market in the days to come in the M&A space.

3.    BOND market. The Bond market was not significant all these days but the current financial turmoil can create high volume of jobs in this arena.

Every fresher’s day starts with Logging into naukri.com, monster.com or job search engines like jobmixi.com to find new job openings across Indian cities. The interesting figures from ASSOCHAM reveal how job market is spread in different cities in India.

Below are the cities with ranking and job share.

Interesting fact is that Mumbai is still on the top of the list with finance jobs with Gurgaon second leading with BPO and I.T jobs. Recruitment in south Indian cities is slowdown with slump in I.T and banking sectors. Kolkata with an edge on cost is still 9^th on the list with no change from the previous years.

Believe the above list might help freshers in targeting their jobs appropriately.

With the global meltdown and fall in the financial markets the biggest hit are the emerging countries like India, Brazil and Russia. India been home for the software engineers is finding hard to create more jobs for its young pass outs from thousands of engineering colleges. More than this the experienced professionals are finding hard to survive in this job market “never know who will be sacked “. Fortunately Indian economy is 70% dependent on agriculture is saving the GDP of the country and still there are no traces of recession.

In the coming days believe more jobs will be created domestically on life science, biotechnology, education, infrastructure and entertainment arena. On the outsourcing font the job market will be vibrant on the BPO jobs and KPO jobs were the expertise and job pool is emerging. The cities to focus for jobs will be Hyderabad, Chennai and Pune where the new captives are coming and expected recruitment in software, telecommunication, BPO, KPO, healthcare is approximately 1.5 million jobs by 2010.