Wednesday, February 24, 2010

3 best-paying jobs

This is a competitive job market, and unless you’re actively looking for ways to maximize your potential, you will not have that extra edge over other candidates or stand out as a must-keep employee. To begin a good career, one must first choose the right industry. It is always an added plus to be hardworking and reliable, but you also want to roll in the dough.

Here is a list of the three best-paying jobs in the fastest growing industries:

1. Network system jobs/ Data Communication Analysts jobs – This category would also include jobs such as web designing, analyzing, testing and assessing systems for maximum performance. As computers and the internet have only become a more integral part of our lives, it has brought with it an increase of over 50% more jobs.

To get into this industry, a bachelor’s degree is generally a must-have. Some courses are only two years in total. If you’re pressed for time, you may want to look into such courses as a two-year degree in computer science, IT or other such related fields.

2. Dentist jobs/ Dental hygiene jobs – The job of a dentist, and those in this industry can be quite diverse and can range from the upkeep of patients’ teeth and gums to more modern aspects such as cosmetic dentistry, etc.

This industry grown by 30.1% since 2006. To get into this industry, you may want to look into an associate’s degree or a certificate in dental care/ hygiene.

3. Computer/ software engineer jobs – Tying in with point one, thanks to computers and the internet become a critical and integral part of our lives, this industry has picked up exponentially. This industry alone has seen a 44.6% increase in their job availability. This has been predicted to last until 2016.

To get into this industry, you may want to look into a bachelor’s degree in software engineering, computer science, etc. Having work experience on your side, helps too.

Thursday, February 18, 2010

"One pay hike comin up!"

On the 22nd of October, Economic Times posted an article on pay hikes in the coming year. Apparently a survey showed that “companies in Asia are set to offer bigger pay rises next year as the region continues to rebound from the global recession’ and that too, ‘notably in India where base salary levels are poised to jump nearly 10%.”

According to a survey by Hewitt Associates, “salaries in Indonesia and China will also surge by 8.7% and 6.7%, respectively, whereas workers in Japan can expect a paltry 2.1% pay rise”.

This survey covered over 2,000 local as well as joint venture companies in the Asia-Pacific area. Hewitt said that “salaries — or annual guaranteed pay — this year in Asia’s fast-growing economic powerhouses, China and India, at 4.5% and 6.3%, respectively, were the lowest since 2005.”

“Salaries barely grew at all in Hong Kong and Japan, this year as companies cut staff. More than 60% of companies surveyed in Hong Kong, Japan and Singapore froze wage levels, compared with only 26.1% in India and 30.8% in China.”

“Next year, only 6% of companies in India and 8.3% in China expect to freeze pay compared with 12-14% of companies in Japan, Singapore, Hong Kong and Australia.”

So, it looks like it’s just about party time for us in the Indian market! The recession is on its way out and pay hikes will be all the rage in just a few short months. Hold on to your seats! Here comes your salary hike.

Wednesday, February 10, 2010

Has 2010 brought a hiring boom in India?

Mr Elston Pimenta, HR Head, Cybage Software Pvt. Ltd. hosted a Live Chat session on the possible hiring boom in India in 2010. It was organized by TimesJobs on Jan 20th, 2010.

Some highlights/ excerpts of the chat are as follows:

“Recruiters need to be innovative all the time by looking for cost – effective ways of hiring. Some suggestions:

1.Check ROI carefully.

2. Use referral systems.

3. Network.

4. Have strong internal databases.

5. Keep in touch with all the past applicants/ employees.

6. Use sites to attract attention of prospective candidates, etc.”

Other highlights of advice that Mr. Pimenta gave to candidates include:

“Branding is vital for any firm. Work on this aspect and grow through networking.”

“Look at how “employable” you are at the moment. It has always been a challenge and it will always remain so. That is the “spice” of work-life. If you have kept abreast with technology advancements, you will not face a problem.”

“Unfortunately a boom is never forever. It will iron out in due course of time as…the “demand” and “supply” stabilize.”

“Do not compromise on quality and at all times maintain internal equity first, before being influenced by the industry.”

To read the complete chat transcripts, click here.

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Thursday, February 4, 2010

Salary hikes predicted for 2010!

Good news is back as it looks like salary hikes will be used by HR managers as a technique to retain their work-force, and reward their employees for sticking with the organization during the financial market-slump.

Recently, published an article in which they estimated that in 2010, industry-wise salary hikes could likely be as:

“Auto/ auto components, consumer goods, pharmaceuticals – 12%
Information technology/ telecom – 11%
Financial services, manufacturing – 10%
Others – 9%”

They quoted their source for these findings, as: Mercer India Monitor – October to December 2009.

There are reports that some companies are planning to up the pay hike till as much as a 20% increase. “Brokerage firm Motilal Oswal Financial Services Ltd, for instance, plans to give an average raise of 20% to its 1,250 employees in April. Sudhir Dhar, head of human resources (HR), said most brokerages would offer 15-20% increments as the business was doing well on the back of robust stock markets.” said.

While employers and HR managers get busy with assessing current salary packages and industry pay-norms, employees are silently rejoicing. This upcoming pay-hike will make up for the lack of increments they have been facing over the last year and some change, as well as tide them over in the rising inflation.

However, it may be as a preemptive measure, that companies are promising such generous salary-hikes. With the market boom rearing its promising face, organizations are steeling themselves for the expected oncoming attack of attrition. Employers realize that for the want of a small salary hike, their talented employees may just switch jobs. Hence, they are willing to provide their employees with this awaited increment.