REASONS YOU NEED A PROFFESIONAL RESUME

      Nobody can ever underestimate how important it is to have a good resume. You have heard the expression "First impressions are lasting ones." Well, your resume is the first meeting between you and a prospective employer more often now than ever. So, how do you want to be remembered? Companies do not have the time to interview every applicant that is interested in the job. If they did, there would not be a company to work for. They use an eliminating process. That's right - resumes.

Most job position openings receive hundreds of resumes and applications. This will be the first thing people see to get a glimpse of who you are. You can either stand out by being so awful that you’ll be remembered as an example of what not to do, or you can stand out by having an exemplary resume that is crafted for the position, and accurately describes who you are as an employee in one page of text.

You need to remember that you only have a few seconds that the potential employer is going to be taking to glance at your resume, so it’s very important to make sure that all the years you have been working and studying are going to be represented properly in your resume. Your resume needs to shout - professionally, "I am the one you want on your team." So much so, that even if you are not appropriate for the advertised position, he or she would be inclined to start one for you. You only have a few moments to convince the employer that your resume deserves further attention before it's trashed.

The purpose of the resume is to get the interview. After reading it, employers should want to get to know you better. Your resume is your friend, if properly prepared. If not, it could be just the thing that loses your opportunity. Use it to your advantage. You have complete control over whatever employer knows about you. Never falsify information, but emphasize the good, and de-emphasize the bad. Make sure your lasting impression is a profound and positive one.

A well-written and formatted resume tells the employer a lot about your professionalism, and improves the chances for receiving an interview. Consider that employers compare resumes to decide who to interview.

The statistics are that the average employer only spends a few seconds looking at a resume, so it is imperative that it makes an impression. In this increasingly competitive job market you need to have a professional resume that contains the right information, so that it will stand out amongst the countless other resumes that potential employers will be looking at, and give you the best possible chance of getting their attention..

If you do not have the skill-set to write a proper resume, then letting a quality company handle it for you just might be the difference in getting hired and getting overlooked again. If you need professional help, there are affordable resume-writing services available for you, and with different online coupons, you won’t have to pay a lot.

A great resume should relay to the person in charge of hiring that you’re the right employee for the job in well under a minute. That means a great resume needs to get straight to the point and highlight every strong characteristic you have. Most people tend to ramble on while going heavy on the prose, so this is another reason why having your resume written for you is a smart idea. You may be overzealous with wanting to highlight your strong points, resulting in a run-on format that no one reads.

The thing about writing a resume personally is that you are inclined to ramble and to highlight points that you believe are important. A company doesn’t care about that stuff; a company only cares about how you will fit in with their system. This is why a resume-writing service might pay off.

With the number of professional resume writers available to turn a phrase and put a spin on your qualifications, the importance of writing your own resume may be minimized. Throughout your career, you must be able to summarize your work history, outline your skills and emphasize traits you have that could qualify you for future work. Without the ability to craft a professional qualifications statement such as a resume, your career might reach a dead end.

-Madhurima Chaudhury

Jobseeker Counsellor |  ReKruiTIn.com

5 Simple Steps To Crack The Interview

      5 Simple Steps To Crack             

An Interview

         Step 1:

          First thing is the dress code, as first impression is the last impression.  Today's casual dress codes do not give you permission to dress as "they" do when you interview. It is important to know what to wear to an interview and to be well-groomed. Whether you wear a suit or something less formal depends on the company culture and the position you are seeking. As soon as you enter the room, greet the interviewer smiling with both your eyes and lips, all coordinated with your handshake. Standing straight, making eye contact and connecting with a firm handshake. That first nonverbal impression can be a great beginning -- or quick ending -- to your interview .When you meet the hiring manager you can create a positive effect with your face by turning up your lips and your cheeks as you smile with your eyes. It's about demonstrating confidence.

        Step 2:

     Sit in the chair with your head and shoulders facing forward. You might find it easier to keep your eyes focused on the interviewer while looking straight ahead, instead of out of the corners of your eyes.  Make initial eye contact with the person asking a question in a group interview. However, when you answer the question, make eye contact with the other managers or committee members, as well.

        Step 3:

      Look believable as you respond to interview questions such as, "Tell me about yourself." In fact, you should prepare and rehearse a 30-60 second commercial or "elevator pitch" about your career experience. Deliver this speech looking directly into the interviewer's eyes. Avoid looking away in shame and giggling. Good communication skills include listening and letting the person know you heard what was said. Observe your interviewer, and match that style and pace.

  Step 4:

      Don't talk too much. Telling the interviewer more than he needs to know could be a fatal mistake. Don't be too familiar, the interview is a professional meeting to talk business. This is not about making a new friend. Use appropriate language. It's a given that you should use professional language during the interview. Be aware of any inappropriate slang words or references to age, race, religion, politics or sexual orientation -- these topics could send you out the door very quickly. Don't be cocky, attitude plays a key role in your interview success. There is a fine balance between confidence, professionalism and modesty.

 

  Step 5:

      Take care to answer the questions and when asked if they have any questions, most candidates answer, "No."  Wrong answer . Part of knowing how to interview is being ready to ask questions that demonstrate an interest in what goes on in the company. Asking questions also gives you the opportunity to find out if this is the right place for you. But don't appear desperate. When you interview with the "please, please hire me" approach, you appear desperate and less confident. Reflect the three Cs during the interview: cool, calm and confidence. You know you can do the job; make sure the interviewer believes you can, too.

-Madhurima C

Jobseeker Counsellor |  ReKruiTIn.com

Career Counseling – Do you know what you are in for?

ReKruiTIn.com - Career Advice

Counseling can play a crucial role in the career choices of a student. It is a process that helps a student determine the right career option through evaluation of the student’s aptitude, general interest and other relevant qualities. Hence, it is advisable to have regular counseling sessions, which will help identify the right career choice for an individual student.

Identifying the right career for a student is, however, a difficult task. It involves thorough analysis of several factors, and accordingly guiding the student. There are various elements that influence this process and if the evaluation process is not right, it may lead to incorrect career choices. A student expects the right advice from a counselor and hence the right methodology needs to be followed.

In order to facilitate this, counselors must ensure that students feel comfortable while speaking with them, and share their own opinions and thoughts for the facilitation of a dialogue. Counseling must start early, so that the process can be given sufficient time and the student as well as the parents are advised properly. It is feasible to start the counseling process while a student is in the 9^th standard, and this process must continue, through frequent sessions, till the time the specialization of the stream is determined in class 11^th. 

Career counseling needs to go beyond testing the aptitude of the students and must include identifying the interest of students in terms of career choices. While aptitude determines what can be a good career choice for a student, it may not give a complete picture. It is equally important to gauge the level of interest that a student has in a particular type of career and to make the student realize that the interest is genuine and not temporary or influenced by parental or peer pressure.

While there are several coaching classes that help students to crack entrance exams, these are not synonymous with career counseling centers. Counseling must begin much earlier and should continue till the time the student is able to make the right career choices. Coaching classes cater to a limited number of career choices - the ones that are termed as ‘top career options’ by students and parents. 

However, in today’s scenario, there are many career options available that help students utilize their potential to the maximum. Many of these options did not exist earlier and are beyond the realm of traditional career directions. Counseling, therefore, plays a critical role by not just helping students and parents in identifying the potential that a student has, but also by providing them information about various career options that might suit a particular student.

Counseling encompasses a larger perspective and must have contributions from not just the counselor, but also schools and parents. A counselor may just facilitate the process, but schools and parents need to guide students in terms of the recommendations made by the counselor. This would ensure that the students make right career choices.

-By ReKruiTIn.com Team

How to deal with Resentment on Performance Appraisal

Resentment on Performance Appraisal 

Admittedly, immediate supervisors and the Human Resources department have it tough during performance appraisals. There are bound to be employees who feel embittered and discriminated at not being promoted, not being offered salary increments, or their job purviews not being enhanced. Indeed, it’s difficult to please everyone but there are definite things managers can do to counter and assuage periodic review resentment.

Be Transparent and Upfront

All too often, performance appraisal results are conveyed too vaguely to the employees leading to bitterness and frustration. Thus, appraising authorities are strongly recommended to be precise about the employees’ performance and convey their shortcomings clearly. For instance, if a particular employee’s promotion has been postponed owing to him not accepting added job responsibilities, this fact must be expressly stated and discussed. Just sharing such information in a formal manner will enable employees to better appreciate the company’s viewpoint.

Encourage Feedback

Managers owe it to subordinates to foster an environment of openness and mutual interaction. Hence, listening to the opinions and comments of employees during and after performance appraisals is crucial. This will permit employees to vent their grievances freely and transmit a potent message that the company is receptive to their thoughts. Reciprocal interaction like this will certainly reduce resentful sentiments.

Appraise Fairly

Lost promotions or compensation stagnation are indubitably difficult for employees, especially for

those who have spent many years with the enterprise. If these situations arise during an appraisal,

managers are forcefully suggested to recall employees’ positive traits and highlight them continually. 

In no circumstances should officials perpetrate personal attacks and public reprimands. Disgruntled

workers can be placated by telling them that they are still valued for their competencies and their

efforts are integral for company growth.

Keep Records

Maintaining records of past and present appraisals will allow managers to document employee performances

and appraisal results, effectively. These notes will serve as crucial evidence and a ready reckoner to counter

grievances, thus, efficiently tackling employee resentment.

Provide a Road Map

Static performance appraisals that are not forward looking cause considerable unpleasantness. To

remedy this, managers and HR officials are advised tochart the future course of action for all

employees distinctly. The workers must be explicitly informed about upcoming projects, their

forthcoming duties, and opportunities for career progression. These measures will help diffuse

resentment by motivating employees and giving them things to look forward to.

Set Meaningful Objectives

To thwart performance review resentment, appraising officials should set practical and unambiguous

employee objectives that are inextricably linked to the company’s broader vision. The more definite,

quantifiable, and company-focused the goals are, the less the chances of employee bitterness. Before

the next appraisal, the objectives must be invariably reviewed and altered accordingly.

Be Suitably Strict

Lastly, if appraisal resentment is unwarranted and threatening to affect overall company performance,

it is imperative to adopt stern measures. Supervisors must formally report intractable employees to

top management, who can then initiate procedures like official warnings and even termination

notices.

- ReKruiTIn.com Team

Do you deserve a Salary Increase? Learn how to get the Salary Raise!

Do any of these situations apply to your current job? You've been with your company for an appreciable time, worked diligently and devotedly, constantly met your targets, and have been entrenched in the same pay bracket throughout. If you've answered in the affirmative to all of these, then you truly deserve a salary increment and it’s perfectly natural to covet one too. However, approaching and convincing the management are daunting tasks - you will need to act cleverly and promptly. Presenting the top recommendations to get the raise you rightly merit:

Know Your Pay Structure

Before you broach a salary increase, you must be well informed about the pay structure of your company and the relevant industry. This knowledge will assist in asking for the correct increment without aggravating your superiors. Data such as the average increase demanded by your peers and the current salary of a recently promoted co-worker will prove useful. Prudence also dictates that you speak with employees of other enterprises, examine online salary guides, and perhaps consult human resource experts to help determine your proposed raise amount. 

Pick the Appropriate Moment

Selecting the right time to apprise the management is crucial. There are two contrasting but pertinent tactics in this regard. The first one is entails asking right away, without waiting for any event or occasion. This tactic is founded on the principals that you must seize any opportunity before it vanishes and that it's futile to wait any longer. It definitely pays  to execute this approach if you share a good rapport with your superior and if the co-workers have been successful in such endeavors.

The second strategy is to either ask for a raise during the periodic appraisal or when your boss praises you on a current assignment. Obviously these are times when the management will be most responsive to your expectation and needs.

Have the Right Interaction  

Wise communication with the management is vital for fruitful increment negotiation. Pointers in this

context:   

• Adopt a normal and genial tone sans aggression.
• Center the discussion solely on your formal role shunning extraneous and overtly individualistic facets.
•  Preface the exact demand by mentioning your success in your current position and that you’re ready to expand your job purview.
• Manifest the worth you bring to the company by keeping facts and figures ready.
• Allow your superior sufficient time to reply. 

Argue Convincingly     

If your superior immediately declines your request or is non-committal, you should be ready with

persuasive arguments to forward your case. You ought to query exactly why your request is being

denied and ask what you can immediately do to garner the raise.  

 Follow-Up Aptly   

   

In all else fails, you should try to negotiate a temporary midway solution and inquire what can be done to secure higher future increments. Be sure to thank the management for their consideration and to continually pursue your demand henceforth.

The above ways can surely help you garner your salary raise!

-ReKruiTIn.com Team

Do Top companies Hire Distance Learning Graduates?

Executive MBA - Get 100% Salary hike 

It is 2015 and everyone is ready to make new start! It is not the usual new year resolutions that we are talking about, but a high mileage start from the dull recessionary years that created tough situations for both employers and employees. Hiring estimates are going up and the corporate world is ready to welcome fresh and experienced talent with open arms. Lot of professionals have spent past recessionary years in upgrading their skills and investing their time in learning - either on the job, or through regular and distance learning programmes. While full time degree course pursuers may come with some amount of placement assistance, the question of the hour is whether distance education degrees hold any value at present? Are corporates ready to embrace  distance learning graduates with similar enthusiasm with which they welcome regular learning graduates?

The answer is a big and affirmative yes! Corporates are willing to provide good opportunities to grow for those individuals who choose a distance learning degree, if the candidate is able to exhibit knowledge and self awareness and certain years of hands-on experience. Technology has revolutionized the demand for distance and executive education. There is widespread acceptance of the fact that with long working hours and demanding job profiles, it is tough for employees to upgrade their skills. It has also become important to achieve a certain degree of academic excellence, which would act as a key differentiator and unfold new opportunities of professional success. Organizations themselves, have become smart in providing career building and learning environments for employee success. There have been many instances of corporate tie ups with educational institutes, where employees are expected to take up concentrations in marketing, sales, finance and strategy, IT analytics and entrepreneurship areas.

While employees work and study through distance mode, companies get more educated workforce without the hassle of giving them breaks and options to relocate. Employees, in-turn, get the opportunity to increase their marketability and career prospects as with improved educational qualification and hands-on experience, they become a lucrative prospect within the related industry. Several  B-schools of repute have started enrolling undergraduate and postgraduate students for online courses. These online programs have a rigorous entry, based on the profiles of applicants and entrance tests. Online degrees from these reputed distance learning schools come with a reputation of hiring the best of the best, and hence the job prospects of the online programme graduates continue to increase.

However, there are certain fields of study like medicine, pharmaceutical , engineering and applied sciences, where a distance education degree may not be of any benefit for the education seeker. In such scenarios, the amount of time spent in labs and real life scenarios will be given more preference over a distance learning job seeker.

Distance education is beginning to boom and the demand for courses through distance education mode is in full surge. But like is the case with most educational qualifications, a good resume is built only when one adds additional efforts to get noticed in the eyes of the employers. It is very important to support one’s distance learning educational credentials with practical knowledge, if we wish to make the most out of our degree.

-ReKruiTIn.com Team

Career Counseling – Do you know what you are in for?

ReKruiTIn.com | Career Advice 

Counseling can play a crucial role in the career choices of a student. It is a process that helps a student determine the right career option through evaluation of the student’s aptitude, general interest and other relevant qualities. Hence, it is advisable to have regular counseling sessions, which will help identify the right career choice for an individual student.

Identifying the right career for a student is, however, a difficult task. It involves thorough analysis of several factors, and accordingly guiding the student. There are various elements that influence this process and if the evaluation process is not right, it may lead to incorrect career choices. A student expects the right advice from a counselor and hence the right methodology needs to be followed.

In order to facilitate this, counselors must ensure that students feel comfortable while speaking with them, and share their own opinions and thoughts for the facilitation of a dialogue. Counseling must start early, so that the process can be given sufficient time and the student as well as the parents are advised properly. It is feasible to start the counseling process while a student is in the 9^th standard, and this process must continue, through frequent sessions, till the time the specialisation of the stream is determined in class 11^th.

Career counseling needs to go beyond testing the aptitude of the students and must include identifying the interest of students in terms of career choices. While aptitude determines what can be a good career choice for a student, it may not give a complete picture. It is equally important to gauge the level of interest that a student has in a particular type of career and to make the student realise that the interest is genuine and not temporary or influenced by parental or peer pressure.

While there are several coaching classes that help students to crack entrance exams, these are not synonymous with career counseling centers. Counseling must begin much earlier and should continue till the time the student is able to make the right career choices. Coaching classes cater to a limited number of career choices - the ones that are termed as ‘top career options’ by students and parents. However, in today’s scenario, there are many career options available that help students utilize their potential to the maximum. Many of these options did not exist earlier and are beyond the realm of traditional career directions. Counseling, therefore, plays a critical role by not just helping students and parents in identifying the potential that a student has, but also by providing them information about various career options that might suit a particular student.

Counseling encompasses a larger perspective and must have contributions from not just the counselor, but also schools and parents. A counselor may just facilitate the process, but schools and parents need to guide students in terms of the recommendations made by the counselor. This would ensure that the students make right career choices.

-ReKruiTIn.com Team

Want to Start Your Career Planning Early? Get the Most Out of Your Internship

Summer internship is a good medium to get professional exposure at an early stage of your career. While you might be a few months away from beginning your actual career, summer internship lets you understand what a real life work environment entails. It gives you the exposure and the experience that will help you later in your career.

ReKruiTIn.com - Importance of Internship

Why is Internship Important?

For students, an internship is a great way to understand the professional environment in which they would work in the future. It gives them the orientation and insight into working in a professional organisation. The experience as an intern helps them develop the right kind of skills needed to survive, sustain and grow in professional lives. These are the techniques and skills that cannot be taught in classrooms and can only be developed and honed in real work environments. These skills are crucial in terms of developing a perspective towards one’s professional life, as well as working as a part of a larger and professional group of people.  

How Can Internships Help?

Interns need to extract as much benefit as possible from their internships. It helps them start early in their professional lives and enable them to learn and develop their professional skills. Internships serve as great on-job training and help an individual become proficient. To achieve these goals, interns must learn to accept the responsibilities given to them, no matter how insignificant or mundane they might feel. It is important to complete any assigned task with sincerity and a positive attitude.

This helps in developing an insight and professional attitude towards assigned responsibilities. While the assigned tasks may not help much in terms of value addition and learning, these tasks certainly help interns to be responsible and develop their networking skills. Developing a strong network in the workplace helps an intern in the future, especially in getting decent professional opportunities and priority in consideration for a specific job role. A good impression created during the internship phase might help interns to get a job opportunity from the organization where they have interned.

Developing a strong network also helps interns receive strong professional references from the people they worked with during internship. This is a long term benefit if interns are able to develop strong references from their internship phase.

Another important benefit that young interns can derive from their internship phase is learning new skills apart from their current qualifications, and area of specialization. For example, an intern who is pursuing MBA in Finance might learn about logistics in the internship phase. This might not translate into an actual job role; but internship gives the opportunity to look beyond one’s own realm of professional domain and grow as an all round professional.  

ReKruiTIn.com Team

New Year Resolutions – Time to Make Your Career Your Priority!

New Year is the time for new resolutions, and these allow a person to make a fresh start or improve things that exist. One of the most important aspects of an individual’s life is their professional career. Career is a product of several factors, and therefore it is essential for you to choose the right career path to achieve your goals. New Year, therefore, is the right time to analyse the current status of your career and set new objectives.

To achieve success in one’s career, it is important to understand the few basic aspects that facilitate its advancement. These include further development of existing skills, learning new skills and networking. Development of skills and learning new skills determine the level of dexterity at which an individual is able to perform in their chosen profession. However, it is equally important to get the right opportunities to succeed. Opportunities can also be termed as being at the right place at the right time, and with the right people.

Why is Networking Crucial?

Networking plays a significant role in this regard. Throughout professional lives, people work with several people and develop cordial relations with many of them. Successful professionals not only develop good relationships but also maintain these relationships. This helps them climb the career ladder faster than others and achieve targeted goals.

The essence of networking is to ensure that the people are contacted often and it is ensured that whenever an opportunity arises, you should be the first person that comes to their mind. To develop your social and professional network, you need to stay in contact with people who can help you advance your career further. Networking ensures that you are identified by these people as a potential candidate in case any opportunity arises.

So What Should Be Your New Year’s Goals?

New Year’s resolution for your therefore must be set higher goals for your career and develop strategies to achieve these objectives. Developing and learning new skills certainly play a vital role, but networking plays the most important role. These factors ensure that you achieve success in your career in the right manner. Professional success is not a matter of luck; it requires perseverance and efforts. Right and meticulous planning, persistent efforts, focused execution and right approach determine professional success.

Successful professionals follow these principles and act accordingly. Your new year’s resolution should be to make your career the priority and ensure that you stick to your plans till the time your goals are achieved.   

- ReKruiTIn.com Team

5 Tips to Succeed In the Job Market as a Fresher

Tips for an Easy Trip from College to Successful Career

5 Tips for an Easy Trip from College to Successful Career!

Are you making a transition from college to career? If so, then it’s the right time for a reality check! Off course, a degree from top-rated university or a mark sheet with flying colors is just not sufficient to get you a good job. There’s a lot more to this cliché concept, from looking for a job to getting hired. In this cut throat competitive scenario, fishing in for the right job is just not as easy you be thinking. You really need to pull up your socks to get your dream job.

 

It’s the time to make a smart escape from the herd and stand out to make a career. Here are your quintessential 5 boosters for your career to successfully achieve a place in the industry.

 

1.      Pay Attention to Basics or Lose!

 

It may not sound essential, but it is one of the most important aspects an employer will start looking for in a fresher. This component is considered as a strong foundation of a successful career; for instance an electronic engineer is expected to have an in-depth knowledge of electronic devices or a fashion designer to know about color coordination and fabrics.

 

A potent knowledge of your domain won’t just help you in the complex situations pops in the work place but will also impress your subordinates with your knack of knowledge and execution to the situations. 

 

2.      Have An Extra Edge To Excel!

 

There’s no class to teach you, how tohoneyour own skills. It is another important thing to keep going- have an extra edge to excel in your work. To do wonders, work on your USP (unique selling proposition) to reach the pinnacle in your domain. Thus, make an additional effort to gain extra skill; no matter, whether it is technical or interpersonal. 

 

3.      Exploit & Explore Your Internship!

 

It is quite important to kick start your career with an internship program. This regimen will help you attain familiarity with the organizational behavior and functional flow of the work. Internship is quite a learning process as it comes with a liberty of practical knowledge and offers a chance to explore your skills in the real time situations.

 

According to the latest analysis, internships have been granted as a mandatory position in the curriculum of all the professional courses. Therefore, it is wise to exploit your skills and explore the new ones for your better tomorrow. 

  

4.      Keen Eye on the Current Industry Trends!

 

Be proactive, conversant to nail the industry! Being updated with all the latest trends of the industry is the golden rule to succeed, today. Nobody wants a mainstream resource for their organization, all one needs is new, latest and updated. So, why lag behind, when you can lead? Get yourself geared up for the ever-changing scenario to come out as a winner. Therefore, know the change, to game!

 

5.      KnowYour Aptitude!

 

Last but not the least, don’t follow the herd. Know your aptitude to stand out! To successfully handle the situation, one should have the ability to assess the difficult situations, identify key issues, and break down problems into simpler form to resolve them, effectively. Knowing your own capabilities will surely help you come out of the complexities at work in the most convenient manner.

 

However, your future is in your own hands. So don’t dither to invest enough time exploring your skills. 

By ReKruiTIn.com Team

Banking and Finance Industry Growth in 2015 Year

ReKruiTIn.com | Banking-Finance Industry in 2015

According to a recently published collaborative report by CII-KPMG, India’s banking and finance sector is gaining ground rapidly and is poised to become the fifth largest in the world by the year 2020. It the growth continues along the present trends, the industry would easily be the third largest by 2025.  This is certainly good for incumbents who are looking to be a part of this industry, which is currently valued at Rs. 81 Trillion.

With the banking and insurance sector becoming more technology savvy, communicating with the masses and making tailor made products for investors and the general public, there would be a growing need for more employees across all sectors. Today, the Indian banking sector consists of 26 public sector banks, 20 private banks and 43 banks backed by foreign investors. In addition to this, there are 61 regional rural banks as well. India is also home to a whopping 90,000 credit cooperatives, spread across the country.

What Factors are Promoting the Growth of the Banking and Finance Industry?

An amendment to Banking Laws Bill was passed in 2012, and this amendment now allows the Reserve Bank of India (RBI) to have a final say in issuing licenses to new banks. The Indian Government is also taking a very keen interest in the banking sector, pushing forward reforms to streamline the entire industry and create a shift in the style of operation. The adoption of IT is also building a close synergy between the two sectors, creating unique opportunities for IT professionals with a financial background, or vice versa.

Growth of the Insurance Sector

The life insurance industry in India is giving momentum to the entire BSFI industry. Today, in India, this sector is poised to grow at a CAGR of 14.1 per cent. While in 2011, the industry was valued at US$ 66.5 billion, it is set to reach US$ 111.9 billion in 2015 (data released by BRICS). The 2014-15 budget has already increased tax exemption of life insurance products, fueling increased interest in the industry. Health insurance is the second largest segment in the country and players from both private and public sectors are actively involved in it. Since 2010, the Indian health insurance industry has experienced a very major growth at a CAGR of 37.2%.

Recruitment Trends in BSFI Industry

With such a substantial growth in the industry, new jobs are being created every day. Judging by the growth rate of the industry, the industry will be creating 8.4 million jobs each year on a global scale, and the trend will only go upwards. In the next 5-10 years, the Indian BSFI industry, should have created 20 lack new jobs. Issuances of new licenses to banks and improved FDI regulations will spur a growth in opening up of new banks, which will be beneficial for those vying to get education in finance.  

According to Randstad India, the banking sector will be among the top job creators in India in both 2014 and 2015. Apart from the permanent roles, there will be a lot of opportunity for contractual employment as well. The highest increase of job opportunities will be in the positions of direct selling agents, mutual fund advisors, insurance agents and relationship and wealth managers.

By ReKruiTIn.com Team

In Which Industry Should I Make my Career?

“Every child is gifted, they just unwrap their packages at different times” – Anonymous

There are many things common to this world, some things that we don’t like to be associated with and the others that we love to be a part of, but the only thing each and every one of us would like to be known for is our childhood. They say that stumble, fall and move forward but never look back, but having said that, everybody wants to go back and re live their childhood. Talking so much about the early days, the only people that make this dream come alive are the two forms of god – our parents. The oldest Goddess we know of is our Mother and we all would love to go back to that tender womb and float for another 9 months as fearlessly as the wind blows. It is said that the grandfather and the grandson have a common enemy, which is the father. A father, who wishfully has to portray the antagonist, is indeed the guiding force behind all that we are and all that we tend to achieve.

ReKruiTIn.com - Helps in Career Decision

Slowly and gradually as we pass the phase and just join the ‘Gang of the Teenagers’, we enter a stage where we are forced onto a dilemma, A dilemma where the world wants to us become a certain kind and we have our own chain of thoughts. The world might want us to be the captain of the cricket team whereas we might have the simple plan to become a player who simply brings glory to the country come what may. Similarly, every student has a dream to become like somebody or pursue a profession which appeal to him. Interests varying from science, commerce, sports, arts and crafts, public speaking and so on and so forth are place in one platter and it is then for the student to decide and become the master of his own destiny. It is important to note here that teacher play a very crucial role in being our mentor, honing and polishing our skills along the way.

                   By the time one reaches high school, some students are lucky enough to be crystal clear in their thought process and chalk out their game plan for the coming future. On the other hand, most of students are still clueless about the industry they should pursue. One advice to all the students here is to not shy away from this important phase in life and just leave their fate hanging on a couple of marks. Good marks are important but good knowledge and education is the most important. Therefore, an advice to all the students at this tipping point is to follow their hearts and excel in whatever they are good at. Along with studying the routine study courses, we need to broaden our spectrum and be open to many other avenues because of the plethora of options available to us. Growth in industries like aeronautics, water management, environment studies have also widened the scope for students. India’s Mars mission is one example of changing times for the country and a welcome sign for students interested in space studies. Diseases like Ebola are on the rise every now and then and the country needs students who are willing to research on such things along with other environmental issues. Also, with the advent of ‘Make In India’, India’s manufacturing industry is set to thrive in the coming future and a lot of employment will be generated.

                   Sometimes, students fear to travel the path less travelled but success is guaranteed if a person always believes in oneself and one is bound to excel if he pursues whatever he is best at. Hardships will definitely follow but always remember that there is no sunrise without darkness and bad days are bound to followed by good days. So, people, go out in the wild, wear your heart on your sleeve, start expressing yourself, live your dreams, fear none but do  remember to strive and work hard, harder and hardest. 

By ReKruiTIn.com Team

Career Growth of IT industry in Year 2015

Fresh graduates entering the job market are always concerned about the growth prospects and career growth in their chosen field during the coming years. These fears are especially warranted when one looks at the nature of global economies and how they have behaved in the recent past. Lay-off's have been common during the recent global economic slowdown. However, there are some jobs and careers that are considered ‘recession proof’. Fortunately for those, training in Information.

Technology (IT) or already in the field after their education, a Career in IT can be very rewarding.

Even during a recession, jobs don’t necessarily dry out. However, expectations in terms of career growth and remunerations may have to be mellowed down a little. Still, due to technology becoming a driver in the growth of businesses, IT technology will continue to grow despite the slowdown in global economies. The year 2015 would be a year for software developers. With changing trends in business process technologies, and more and more businesses turning towards iterative technologies to steer their enterprise, a career in IT can definitely help you reap favourable returns.

Despite the recent economic downturn, where many businesses shut their doors and many people lost their jobs, labour specialists, economists, the associations of colleges and employees report that several businesses are offering signing bonuses and lucrative salaries to attract and retain the best talent in the field of IT.

The median salaries in the IT sector depend on the profile you choose. In India, the average salary for a Senior Software Engineer is about Rs. 613,376. An entrant in the field can expect to earn Rs. 371,088. Project managers in IT have a higher salary band of about Rs 11,79,036 and a Software Developer should hope to earn about Rs 3,47,824 while starting out their careers. Junior Business Analysts in the IT sector have an average salary of Rs 605,604 while a Sr. Software Engineer / Developer / Programmer can hope to earn anywhere between Rs 628,944 to Rs 12,00,000 per annum. These salaries have shown an upward trend, and there is no reason to believe that this trend may falter in the coming years.

With the advent of technologies such as Big Data and cloud computing, more jobs are being created for IT professionals every year. The higher specialization you have, more would be the growth prospects for you. The more experience you have, the more salaries you would be drawing. The career growth is tremendous, and there are opportunities to move to offshore locations as well. A lot of employees have sought positions overseas while working with their Indian companies. This would not only help you get international experience, but would also help you attract higher salaries and give more weight to your resume.

With everything moving to the cloud today, there is no doubt that even web developers would experience a surge in their demand and get better career career prospects. So if you are looking to make a career or advance in IT, this is just the right time because the sector is growing at an unprecedented rate.