A similar initiative from the online version of Economic Times gives another version of the job market- albeit generalising industries-both within India, and otherwise.
Almost every day I get phone calls from well wishers, as well as those concerned about their careers, if the ground reality is being truly reflected by the media!!
My own take has been the following
Looking back to the days when I first started working (in 1984!! - oops I will complete a silver jubilee in a few months!)- there have been different phases- right from when government/ PSU/ Banks were the major employers, ( the pre-liberalisation days), then the arrival and growth of the MNC companies (94 to now), the self belief and emergence of Indian business groups-and of course, the attention from the world across thanks to outsourcing & off shoring!!
Well, it depends on who blinks first!! The employers are already willing to hire great talent who were otherwise inaccessible earlier. Perhaps at salaries their businesses can afford to pay!
On the employees side, some are yet to reconcile that one may not get the customary 25-30% hike in salaries when they change jobs in India...that the present generation have taken for granted. Perhaps it was in the context of the annual increments being 10-15% in the recent past in India. ( In the US, the corresponding figures were a fourth of these figures!! Psst- I recall even in 1991 I was thrilled when I got a double increment - (then) a 3 digit number by way of increase in the monthly salary!!)
Going by the GDP growth of around 6-7% predicted (for this year and the next!)- compared to 9% for the last few years, it is obvious the impact in India is a 'mild' one compared to recessionary trends in the West. Opportunities are bound to be lesser-and so only the best will thrive-in these circumstances.
As for the rest, it is time to get real, get back to basics- invest in their own training and development, and get used to going up by the staircase-as the elevator may not just be available as yet :-)!
Happy hunting! Have a great weekend!!
PS:As far as Team Options goes, here are some of the new positions that we are aware of-that we are working on-both directly and through our network of associates, in addition to the post made hot jobs as of 28th Jan 09 !!
-Director Software engineering for a product company @Hyderabad.
-Sales Head -enterprise solutions -for a IT product company focussing on the India market.
-ODC head for an IT services company
-Estate Manager for an infrastructure company
-A specialist is required in Netherlands! Someone who has done at least 2 full implementations with the FINANCIAL Module of JDEdwards OneWorld-ideally rolled out JDE financials at multiple locations in a client in the Agricultural industry!
- L1 Support analysts in Singapore -with at least 3yrs of experience in Unix Shell scripting, preferably with exposure to Autosys.
-SAS BI technical consultant, Informatica production Supervisor and Sharepoint developer for Riyadh
Should you know of anyone -who would fit and be willing to be considered for any of the above openings, and wish to know more, I shall be glad to provide you with any inputs you may need. Please reach out to [email protected]!!