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Novel Project: BPL Youths As MNC Executives 
Thanks to the central government's special employment-generation project based on the public-private partnership (PPP) model, several local youths belonging to below poverty line (BPL) category are being employed in the private sector.
The Union Ministry of Rural Development's special project for placement-linked skill development under the Swarnjayanti Gram Swarozgar Yojna (SGSY) is designed to equip the unemployed rural youth from BPL families with marketing skills for getting them employment. The underlying idea behind the time-bound training and capacity-building programme is to bring a specific number of BPL families above the poverty line through job placement. The Union Ministry of Rural Development has partnered with NIS-Sparta and Indira Gandhi National Open University (IGNOU) to implement the SGSY special project under the PPP model. IGNOU has been entrusted with the job of monitoring the project and certify the trainees. "The exercise, which is in its first phase as of now, will gradually cover 15 states within the next few months. The candidates will be placed in the frontline sales and customer service. Source: The Tribune By Sunit Dhawan Novel Project: BPL Youths As MNC Executives Click On "Full Story" For More... (470 words in story) Full Story By ugesh sarkar, Section Jobs Wanted/AvailablePosted on Mon May 31, 2010 at 10:18:19 PM EST
Jobs To Deserving Bihar Sportspersons By June End
There is good news for sportspersons of Bihar with the state government having completed the necessary paraphernalia to provide suitable government jobs to deserving sportsmen.
By ugesh sarkar, Section Jobs Wanted/Available
"Deserving sportspersons will be given appointment letters for government jobs by the end of next month commensurate with their performance in sports tournaments at different levels", Principal secretary, personnel and administrative reforms, Deepak Kumar said. Kumar, who held a high-level meeting here today to shortlist the names of the sportspersons to be provided government jobs on the basis of their performance, said that after advertising the government policy in April this year, the department received 1823 applications by sportspersons seeking government jobs on sports quota. "We have shortlisted 199 applicants and will put the names of the selected candidates alongwith 1823 applicants on the website in the first week of June to furnish their grievances within a week", he said. After considering the grievances of candidates and clarifying as to why they had not been considered for government jobs, the appointment letters to the shortlisted 183 sportspersons would be issued on the basis of their qualifications and their achievements at different levels and tournaments latest by the end of June this year, the principal secretary said. Source: Hindustan Times Jobs to deserving Bihar sportspersons by June end Posted on Sun May 30, 2010 at 10:08:24 PM EST
Jobs To Deserving Bihar Sportspersons By June End
There is good news for sportspersons of Bihar with the state government having completed the necessary paraphernalia to provide suitable government jobs to deserving sportsmen.
By akansha, Section Jobs Wanted/Available
"Deserving sportspersons will be given appointment letters for government jobs by the end of next month commensurate with their performance in sports tournaments at different levels", Principal secretary, personnel and administrative reforms, Deepak Kumar said. Kumar, who held a high-level meeting here today to shortlist the names of the sportspersons to be provided government jobs on the basis of their performance, said that after advertising the government policy in April this year, the department received 1823 applications by sportspersons seeking government jobs on sports quota. "We have shortlisted 199 applicants and will put the names of the selected candidates alongwith 1823 applicants on the website in the first week of June to furnish their grievances within a week", he said. After considering the grievances of candidates and clarifying as to why they had not been considered for government jobs, the appointment letters to the shortlisted 183 sportspersons would be issued on the basis of their qualifications and their achievements at different levels and tournaments latest by the end of June this year, the principal secretary said. Source: Hindustan Times Jobs to deserving Bihar sportspersons by June end Posted on Sat May 29, 2010 at 02:28:04 AM EST
India Inc May Ramp Up Hiring by 15 pc in FY'11: E&Y
ndia Inc is likely to witness 10-15 per cent increase in hiring in 2010-11, led by the telecom sector which is forecast to provide a whopping over one lakh jobs, global consultancy Ernst & Young has said.
"Indian job market seems to be striking right chord with country's working population, as more and more vacancies are being created and filled across sectors. On a conservative stand, percentage increase in hiring in the new fiscal can be between 10-15 per cent," Ernst & Young Partner and National Head (People & Organisation) N S Rajan told PTI. "The telecom growth story would continue in the fiscal and hiring activity in this sector is likely to be in excess of 1,00,000 jobs," Rajan said. Other sectors that are likely to lead hiring in the new fiscal include pharmaceuticals, FMCG and education, as they are facing a talent crunch at present. Ernst & Young, however, believes that despite the ensuing euphoria over rising number of jobs, companies are likely to approach hiring with caution due to the hard lesson learnt in the past. Source: Hindustan Times India Inc may ramp up hiring by 15 pc in FY'11: E&Y Click On "Full Story" For More... (380 words in story) Full Story By ugesh sarkar, Section Jobs Wanted/AvailablePosted on Mon Mar 22, 2010 at 01:55:37 AM EST
We Bring Good News - Expect Jobs & Hikes
 LEAP YEAR A million new jobs. The best salary hikes in the Asia-Pacific region that will fatten purses of employees by 10 per cent on average. After the gloom of the slowdown, the sun appears to be shining again on India in 2010 It's the time of year when management graduates across the counry put on their best ties and head out to campus interviews. If they've been good students, they do so in been good students, they do so in expectation of salaries with as many digits as telephone numbers. Last year was a bad year. The Indian Institute of Management in Ahmedabad, the country's top man- agement institute, took a record nine days to place its graduating batch. Even then, salaries were down by 25 to 33 per cent compared to 2008. This year, the smiles are back. "We cannot say the offers were through the roof, but compared to last year, the num- ber of offers and packages has increased", says Himanshu Nema, a second year student and student head of the IIM-A placement committee. Campuses around the country expect a better show this year. IIM Calcutta's campus recruitment began yesterday. This year, 95 companies have turned up, compared to 80 last year, and more are expected. Prafull Agnihotri, chair- man of the placement and career devel- opment cell at IIM-C, says, "According to me, salary figures will not touch the 2008 mark, but students will definite- ly bag 20 per cent more than what was offered to them last year". With inputs from Kamayani Singh in Delhi, Prasad Nichenametla in Ahmedabad, Salil Mekaad in Bangalore and Mou Chakraborty in Kolkata mahua.venkatesh@hindustantimes.com Source: Hindustan Times by Mahua Venkatesh We Bring Good News - Expect Jobs & Hikes
(1515 words in story) Full Story By ugesh sarkar, Section Jobs Wanted/AvailablePosted on Sat Mar 06, 2010 at 11:59:43 PM EST
200 Posts Lying Vacant In Medical Colleges
About 200 posts of professors, associate professors and assistant professors are lying vacant in the six government medical colleges in the state. These colleges have often invited Medical Council of India (MCI) ire for their failure to meet its guidelines.
In spite of the MCI passing severe stricture earlier in this regard and even threatening to de-recognize two medical colleges of the state -- the Jawahar Lal Nehru Medical College and Hospital, Bhagalpur, and Sri Krishna Medical College and Hospital, Muzaffarpur, for their failure to meet its guidelines, the situation remains almost unchanged. It may be mentioned here that the MCI had earlier detected 18 per cent deficiency in the sanctioned strength of faculty in both these medical colleges, which is beyond the 10 per cent deficiency allowed by the MCI. Similar condition exists in the remaining the four medical colleges of the state -- two in Patna and one each in Darbhanga and Gaya. What is alarming is that barring Nalanda Medical College, none of the other medical colleges of the state boasts of a regular principal. The state government, to cope with the situation, has appointed senior most professors of different medical colleges as the principals of the remaining five colleges. Moreover, though the state government had on October 13, 2008, notified in its gazette the Bihar Medical Education Recruitment and Promotion Rules, the vacant posts have not been filled yet. Source: Times Of India By Nishant Sinha 200 posts lying vacant in medical colleges Click On "Full Story" For More... (422 words in story) Full Story By ugesh sarkar, Section Jobs Wanted/AvailablePosted on Sun Feb 21, 2010 at 07:58:17 PM EST
Bihar Govt. To Fill Ten Thousand Non-Gazetted Posts
The Bihar government is planning to fill ten thousand non gazetted posts lying vacant for the past one decade.
By ugesh sarkar, Section Jobs Wanted/Available
An official source said here today that the government is contemplating to make appointments from clerical to supervisory rank in order fill the vacancies. The decision for the appointment was taken in principle during a high level meeting attended by the secretaries of the various departments. No appointments were made for the non gazetted rank during the past one decade, sources stated. A large number of unemployeed youth would be benefitted as intermediate degree is the minimum eligibility criteria for the appointment, sources informed. Meanwhile, Principal Secretary Personnel and Administrative Reforms Department Deepak Kumar said the new appointments both in the field and at secretariat level were essential. In addition to ten thousand non gazetted posts some more appointments would be made in the two new services created recently in the state, Mr Kumar Informed. The formalities for filling up the vacancies would be taken up shortly, he added. Source: Merinews.in Bihar govt. to fill ten thousand non-gazetted posts Posted on Mon Jan 25, 2010 at 11:23:44 PM EST
'No Scarcity Of Job Opportunities In 2010'
In retrospect, 2009 did turn out to be much better than we anticipated. The capital markets have recovered from their lows, the job losses have been minimal in India and in most cases pay cuts have been restored. Further, as a barometer of things to come, most engineering and management campuses are reporting better off take and thereby indicating a positive economic outlook.
2009 was a defining year for several professionals and the job market witnessed a return of sanity after the three year bull phase. Senior professionals chastened by the past experience of excessively focusing on compensation and thereby making short term career calls are now looking to focus on the long term. Across the board, compensation levels were either static or witnessed modest single digit increases during the year and will continue to remain so as companies may not go overboard this time around. However, we are seeing big spikes in variable compensation even across traditional sectors as companies prefer to pay more for performance and keep fixed costs under check. Stock options which had temporarily lost its sheen are seen to be back in vogue. The financial services sector bore the brunt of the slowdown. The retail financial services and broking businesses witnessed job losses as most banks and NBFCs wound up unprofitable lines. However, the wholesale and investment banking businesses have continued to hire selectively especially in the area of debt capital markets and related areas. We expect the situation to turn around across the sector gradually by the third quarter of the year. Compensation and bonuses in the sector have come under intense scrutiny from the regulators and are unlikely to see major upheavals in the near term, though in relative terms, executives in the sector continue to be the highest paid. Looking forward, we expect the power and heavy infrastructure sectors to continue its robust growth spurring demand for professionals in the areas of project management, especially mega projects and CFOs with big ticket fund raising expertise apart from project specific niche areas. Further, we have seen increased demand for expatriate executives and returning Indians as local expertise is lacking or non existent in new growth sectors like power, airport infrastructure and allied areas which have been opened up to the private sector. However, the commercial and residential real estate sector which witnessed steep erosion in capital values seems to be limping back to action, but the outlook still seems hazy.
By K Sudarshan, Source: Economic Times 'No scarcity of job opportunities in 2010' Click On "Full Story" For More... (919 words in story) Full Story By ugesh sarkar, Section Jobs Wanted/AvailablePosted on Sat Dec 26, 2009 at 10:38:18 PM EST
State Entrepreneur Offers Jobs To Skilled Workers
There is good news for skilled labourers from Bihar who generally migrate to other states in search of better employment opportunities. A woman entrepreneur from the state has launched a business which would offer opportunities galore for such people.
By ugesh sarkar, Section Jobs Wanted/Available
Bijoy Laxmi of Patna has a made a name in manufacturing premium and super premium garments for women and children in a short period of two years. And now she's looking for people with required skills for expanding the production capacity of her unit which presently supplies super premium garments to several well known outlets in Delhi. "I use Bihar-made fabrics and extensively use kasidakari, sujani and khatawa forms of local art for designing the products. All those skilled in these art forms now need not go outside as my company is willing to pay them good salary here in Patna," Laxmi told TOI on Wednesday. Having started her unit about two years back with a small capital of Rs 10 lakh, Laxmi's company today has a turnover of about Rs 1 crore. She convened a dealers' meet here recently to launch her products in Bihar and Jharkhand markets. "Most of the dealers were pleasantly surprised as till now all of them have to depend on supply from Kolkata, Delhi and Mumbai markets for ladies and kids garments," Laxmi, an MBA from BHU, said adding that she received very positive response from local dealers. Laxmi feels that but for the support extended by her husband and in-laws, she would not have been able to achieve the success in the venture. Source: Times Of India State entrepreneur offers jobs to skilled workers Posted on Wed Dec 23, 2009 at 10:06:57 PM EST
Job Bonanza For Bihar PG Women
The "women friendly" government of Nitish Kumar has embarked upon yet another ambitious scheme to appoint around 3000 women, having a Post Graduate degree in Sociology as Supervisors to supervise the functioning of around 80,000 Aanganbari centres across Bihar.
By ugesh sarkar, Section Jobs Wanted/Available
However, the newly appointed "Supervisors" must know driving the two wheelers, as per the terms of the appointment. These appointments have been mooted by the department of social welfare. Principal Secretary of the department, Vijay Kumar Verma said that the newly appointed "Supervisors" will act as a link between the "Aanganbari sevikas" (hostess) and the CDPOs (Child Development Project Officers), their controlling officers. Source: The Tribune Job bonanza for Bihar PG women Posted on Sun Dec 06, 2009 at 02:46:41 AM EST
Govt Job For Scooter Girls
The Nitish Kumar government is mulling a new job scheme to recruit at least 3,000 educated women who know how to ride scooters.
They will be designated as anganwadi supervisors, who must have masters degree in social sciences. The social welfare department has already formulated the rules and regulations for appointing 3,000 anganwadi supervisors and has sent it to the finance department. The advertisement will be brought out soon after the finance department's approval, sources in the chief minister's office said. The sources also revealed that one third of the posts would be filled by promoting the anganwadis, while fresh appointments would be made against three fourth of the positions. Social welfare department principal secretary V.K. Verma said that the primary responsibility of the anganwadi supervisors would be to take care the work of 1.5 lakh anganwadis engaged in mid-day meal and other schemes for children across 80,000 anganwadi centres. The venture of creating exclusive position for the women is in sequel to the government's priority to encourage more women in governance. The first thing Nitish did soon after landing in the saddle was to reserve 50 per cent seats for women in panchayat and other local administrative bodies. Source: The Telegraph Govt job for scooter girls Click On "Full Story" For More... (376 words in story) Full Story By ugesh sarkar, Section Jobs Wanted/AvailablePosted on Fri Dec 04, 2009 at 11:45:25 PM EST
Bihar Setting Up Placement Bureauc For Overseas Jobs
The state government in Bihar is in the process of setting up an Overseas Placement Bureau to arrange overseas jobs for its unemployed people, a senior state government official has said.
By ugesh sarkar, Section Jobs Wanted/Available
The bureau will search out job opportunities in the overseas job market and help the local people get job there. “The bureau will act as a bridge between the job-seekers and the overseas employers and help the people grab the opportunities”, the Bihar Labour Resources Department principal secretary Vyasji said. The official said his department is now awaiting clearance from the govenrment to set up the bureau. The Finance and Law departments have already granted the clearance. Source: blog.taragana.com Bihar setting up Placement Bureau for overseas jobs Posted on Mon Nov 30, 2009 at 02:22:18 AM EST
Study Shows Bihar Emerging As Job Hub
Biharis, in general, have a reputation of flooding cities of other Indian states in search of employment. But this stigma could soon be a thing of the past as the state capital seems to be emerging as an employment hub. This is according to a survey by Assocham Placement Pattern Study for the first seven months (April to October) of the current fiscal (2009-10).
The good news comes close on the heels of chief minister Nitish Kumar saying that Bihar, which was once dubbed a failed state, is now a success story under his stewardship. On Tuesday, he completed four years in office as CM. The APP report talks of different aspects of employment, including sectoral patterns and performance of different categories of cities in terms of employment generation. Under the city classification, Patna has been placed in Tier II along with 17 other major Indian cities. The cities jointly contributed 18.82 per cent in terms of total employment generation in the country in the said period and Patna’s contribution of 0.41 per cent was higher than Indore’s (0.33 per cent), Nagpur’s (0.32 per cent), Cochin’s (0.32 per cent), Ludhiana’s (0.28 per cent), Bhubaneswar’s (0.25 per cent), Bhopal’s (0.21 per cent), Amritsar’s (0.18 per cent) and Gwalior’s (0.17 per cent). Cities which have a greater share than Patna in this aspect, are Pune (5.46 per cent), Ahmedabad (5.01 per cent), Chandigarh (1.95 per cent), Surat (1.13 per cent), Lucknow (0.82 per cent), Gandhi Nagar (0.80 per cent), Jaipur (0.68 per cent) and Vishakapatnam (0.50 per cent). Source: Times Of India Study shows Bihar emerging as job hub Click On "Full Story" For More... (524 words in story) Full Story By ugesh sarkar, Section Jobs Wanted/AvailablePosted on Tue Nov 24, 2009 at 10:16:18 PM EST
Looking For A Job? Join The Games Brigade
There might be a general slump in the job market owing to the economic slowdown. But there is one agency which seems to have been untouched by the general job slump.
In the run up to the Commonwealth Games -- that Delhi would be hosting in October next year -- the Games Organising Committee (OC) is on a hiring spree.  It is looking for interested professionals -- both in the government and corporate sector -- who are willing to join and help in the successful organisation of the games. At present the OC has 450 staff on it rolls but this, officials said, is woefully short to meet the requirement. "We will need a total of 1,500 to 1,600 paid staff at the Organising Committee," said Randhir Singh, vice chairman of the OC. The committee has set aside a budget of Rs 100 crore (Rs 1 billion) to meet the existing and proposed manpower cost. Source: Hindustan Times Looking for a job? Join the Games brigade Click On "Full Story" For More... (354 words in story) Full Story By ugesh sarkar, Section Jobs Wanted/AvailablePosted on Fri Nov 06, 2009 at 01:41:03 AM EST
Over 25,000 New Jobs Coming To Bihar
Youths of Bihar had all the reasons to smile on Thursday when 125 companies from different states revealed their decision to offer more than 25,000 jobs in the state during the Third State-level Planning and Guidance Fair scheduled to open in Patna on Friday.
By ugesh sarkar, Section Jobs Wanted/Available
The fair would be inaugurated by Chief Minister Nitish Kumar. Labor Resources Minister Awadhesh Narayan Singh said that the fact companies were coming to Bihar with jobs was the positive testimonial of the changing environment in the state. The 2-day fair would be scattered over the state capital, Singh said adding companies offering jobs in the financial sectors would be gathering at the Sri Krishna Memorial Hall while those involved in health sector would be available at the Bihar Industries Association Bhawan on Buddha Marg. Jobs in hospitality management, engineering, computer software, textile industry, library science, and sales and marketing would also be up for grabs, Singh said. K. P. Jhunjhunwala of Bihar Industries Association, P. K. Agrawal of the Chamber of Commerce, and Anshuman of CII were also present at the press conference. Source: Patnadaily.com Over 25,000 New Jobs Coming to Bihar Posted on Sun Nov 01, 2009 at 11:04:35 PM EST
CM Inaugurates e-Shakti Call Centre To Simplify The Process Of Getting Job Under NREGA
In bid to simplify the process of getting job under NREGA and to bring transparency and end possibility of corruption, the state government has initiated e-Shakti project and its call centre was inaugurated on Wednesday by chief minister Nitish Kumar.
By ugesh sarkar, Section Jobs Wanted/Available
Nitish dialled toll free number 18003452244 and sought some basic information. This call centre will provide information and register complaints. Later on, people can seek information about job and the centre would tell them where they could get the work in their areas. The e-Shakti project had been launched about eight months back as pilot project in Paligunj in Patna district. Now it has been started in 15 blocks insix districts and very soon the entire state will be covered by this scheme. Nitish said each family which wants to work has to be given 100 days work in a year and this scheme is mainly for the unskilled labourers. But, he said, there have been largescale complaints not only in Bihar, but across the country. "We are taking help of information technology to prepare e-muster roll because the main corruption was in making fake muster rolls to draw money," he said and added that this has been done for the first time by a backward state like Bihar. He also recalled that a job card had been made in the name of a government servant. But after the issue of smart card to labourers such corrupt practices could be curbed effectively, he said. Rural development minister Bhagwan Singh Kushwaha said that the biometric e-Shakti cards will be introduced and distributed to an estimated three crore people falling under NREGA over a period of next four years. This card will contain photograph, fingerprints and other details of the card owner and it will ensure the identity of the beneficiaries and would leave no room for discrepancies. Source: Times Of India CM inaugurates e-Shakti call centre Posted on Thu Oct 15, 2009 at 12:25:37 AM EST
Wanted: Reasonable Candidates For Top Jobs
Recruitment Market Makes A Comeback, So Do Days Of Tough Bargaining By Employees
Similarly, when a technology company that employs 10,000-odd people in India decided to hire a new CEO a couple of months ago, it took a few thousand dollars more and an extra month than the company had in mind to get the candidate on board. Suddenly, candidates for top jobs are bargaining hard and long in a job market that’s tilting back in favour of the employee, with a clutch of companies across sectors returning to fill up the vacancies after almost a year. “We are witnessing a situation where the outstanding leadership talent is being pursued by multiple opportunities, thereby vesting significant negotiation power with these executives,” said Atul Vohra, managing partner of executive search firm Transearch International. Source: Economic TimesWanted: Reasonable candidates for top jobs Click On "Full Story" For More... (681 words in story) Full Story By ugesh sarkar, Section Jobs Wanted/AvailablePosted on Sat Sep 19, 2009 at 03:34:59 AM EST
Firms On The Manhunt As Slump Eases
While the rest of world marks the first anniversary of the collapse of iconic Wall Street firm Lehman Brothers - widely seen as the trigger for the global financial meltdown which followed - with gloomy audits of the havoc wreaked by recession, India Inc is celebrating it differently.
Shaking off its slowdown-induced chill, corporate India is recovering its appetite for growth. And the talent needed to drive it.
Jobs are back.  Consider this: According to apex industry body Assocham, in the National Capital Region alone, employers were adding more than 400 new jobs every day. That is 49,750 jobs at different levels between April and July this year alone. The outlook for fresh hires is even more positive. India's largest job portal, Naukri.com, said India Inc's hiring activity picked up 8 per cent in June and a further 1.3 per cent in July.
In its survey on hiring trends, based on polls of over 5,000 employers spread across the country, the outlook for jobs has improved across the board, with IT, real estate, financial services, fast food and retail sectors leading the pack. As a result, job prospects for professionals and managers in India are now better than the global average, the survey said. Hiring outlook for the next three months also looks promising, with as many as 66 per cent Indian companies expecting to recruit. Source: India Today Firms On The Manhunt As Slump Eases Click On "Full Story" For More.... (1033 words in story) Full Story By ugesh sarkar, Section Jobs Wanted/AvailablePosted on Thu Sep 10, 2009 at 01:32:30 AM EST
Global BPO Vendors Source Staff From India
TCS, Wipro & Infosys Become Hunting Ground For MNCs Like Accenture, Capgemini
"This is happening for several roles spanning sales, sales support and delivery. There is in a sense, even positive discrimination towards Indians now," an Indian executive who joined an MNC in Germany recently told ET on condition on anonymity. Offshore outsourcing, or remote delivery of software application development, maintenance and support from countries such as India, helps customers such as GE and Citibank save up to 40% in costs. Indian companies started using offshore outsourcing to their advantage around a decade ago by wooing customers with major cost benefits. About a dozen or so top professionals have left an Indian company in recent months to join multinational competitors. Padmanabhan Ananthanarayanan, who headed India's largest software exporter TCS' sales organisation in Europe until February this year, joined Accenture in March as director for its outsourcing business based in Germany. Source: Economic Times Global BPO vendors source staff from India Click On "Full Story" For More... (640 words in story) Full Story By ugesh sarkar, Section Jobs Wanted/AvailablePosted on Wed Sep 09, 2009 at 12:39:04 AM EST
Job Drought Could End Soon; Recruitment Agencies See Pick-Up In Hiring
The job market has begun to show signs of a revival led by sectors like telecommunication, pharmaceutical, life sciences and financial services. Human resource firms claim there are more vacancies now than a year ago when the slowdown first set in, though these are way below past peaks.
TeamLease Services Managing Director Ashok Reddy said that the demand for temporary employees had gone up nearly 100 per cent from the earlier levels. "On an average, we have over 3,000 vacancies now, against the peak of 8,000 to 10,000 in 2005 and a low of 1,400 some months ago. Sectors like telecommunication, financial services, fast-moving consumer goods and IT to some extent have enough openings that need to be filled." "There's a marginal improvement in the job market. But since larger job markets like the US and Europe are still under pressure (several large employers are headquartered there), it's too early to say anything," Ma Foi Management Consultants CEO and Director E Balaji added. He attributed the marginal improvement in demand to opportunities in sectors like pharmaceutical, life sciences, healthcare and power which have not borne the brunt of the slowdown. Source: Business-standard Job drought could end soon; recruitment agencies see pick-up in hiring Click On "Full Story" For More... (590 words in story) Full Story By ugesh sarkar, Section Jobs Wanted/AvailablePosted on Mon Jul 27, 2009 at 12:44:55 AM EST
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When a global asset management company decided to hire a new country head for India in May, the timing seemed ideal: not many financial service companies were recruiting and the market was flush with talent. But after four months of constant negotiations, the company is yet to complete the process as the selected candidate is demanding more money than it could offer. 
Global outsourcing vendors, such as Accenture and Capgemini, are increasingly poaching staff from Indian rivals as they tap into BPO professionals to compete more effectively against companies like TCS, Wipro and Infosys. As offshore outsourcing goes mainstream, overseas multinationals are hiring Indians to head their sales teams in key markets in Europe and the US, a shift from the practice of employing locals to win contracts. 
