The correlation between a good education and career advancement is no secret. And now there’s more evidence backing the advantages of an advanced degree. According to the recently released Monster Salary Index, higher education, especially a master’s degree, provides a significant wage advantage in India. “On average, employees holding a bachelor’s degree earn Rs 173.7 less per hour (45.4per cent) than employees with master’s degree. Employees with secondary education earn even less, exactly Rs 262.8 less per hour (69.2 per cent),” the report specifies. In previous years 2014 and 2015, the difference between secondary education and master’s degree employee was around 61 per cent. Being a continuous learner, be it by acquiring certifications, earning diplomas, degrees or an executive education,[…]

The growing demand for skilled professionals in the IT sector has compelled many training institutes to adapt advanced tech tools to keep their candidates aligned with the latest skills. Tech skills are more important than ever as digital advancements have radically transformed the working world. The technology changes every month with new updates coming and going. If you work as a data analyst, the online tools you use don’t change quite so quickly, but you can surely update yourself every few years. In coming years, the skills of the digital age will be linked very closely to SMAC i.e. Social-Mobile-Analytic and Cloud. If we look at 2016, it was a year when most of companies laid off their employees for[…]

The job industry is seeing a number of new career fields coming up. But the first word of caution is that the availability of plenty of career choices today also leads to lots of confusion; hence we must take a few basic steps to plan careers effectively and choose the right career. Have a discussion on career choice All parents should ensure that they discuss the aspirations of their children with them. Caution should be exercised such that the parents do not force careers of their choice on the children or force their vocation e.g. doctor, lawyer etc. Do remember that careers in arts and commerce too have become equally rewarding today than ever before and parents should not insist[…]

The oil and gas sector is amongst the core industries in India and enormously impacts other important sections of the economy due to its interplay with foreign exchange and dependency of various other industries. As per industry estimates, India’s oil demand is expected to grow to 458 Million Tonnes (MT) and gas production is expected to touch 90 Billion Cubic Metres (BCM) by 2040. Demand for energy will more than double by 2040 as economy will grow to more than five times its current size. As the sector gears up for this massive surge in demand and operations, it cannot achieve this daunting task without an army of trained professionals across all levels.   Things you must know about career[…]

What are policies? Policies are part and parcel of almost all the countries across the globe. India is one of the countries which has been working on a number of education policies since long. A policy is a deliberate system of principles to guide decisions and achieve rational outcomes. In short, it is a statement of intent, and is implemented as a procedure or protocol. Who makes the education policies in India? Apart from Union Education Minister, all states are free to initiate more education policies. The Central Advisory Board of Education (CABE) is the highest advisory body to advise the Central and State Governments.From the ‘No Detension Policy’ to a barrage of new education policies, here’s a look at[…]

In organisations today, employees development has become very important function of human resource management. The organisation needs to ensure that its employees are efficient and in line with the competition prevailing in the industry. To maintain and sustain these valuable resources, organisations are required to look after the job satisfaction and retention of employees. Today most of the companies are investing a lump sum amount of money on the skill development of the employees to have a competitive edge over its competitors and be successful in the long run. Employee development opportunities provided by the organisation not only helps the person in enhancing his skills or competencies but also leaves a strong impact on the organisational level outcomes. Enhancement of[…]

The cost of wrong hiring varies from companies to companies because of the variables. For a manufacturing company the labour cost of wrong hiring and replacement is one third of the employees’ turnover. SHRM found that this cost goes even higher to the 5 times of the employees’ turnover and the cost replacing an employee at the higher position with long term experience is much higher. Recruiters say that if a company has hired a wrong candidate they must find it out with in the six months of the hiring the candidate must be replaced because this whole process of rehiring will cost the company two and half times the cost of the employees annual salary in general. Why this[…]

What are the life cycles that you know about? While we all know that there is a life cycle for a product, even an employee in an organisation passes through a life cycle. Employee life cycle is a process where the life cycle of an employee in an organization is understood. An employee goes through many stages in an organization. From joining the company to understanding the business to becoming an expert at work to participating in strategies and in the end losing interest. All these stages compass the life of an employee in a company. Employee is also passing from same stages: 1) Introduction: “An athlete cannot run with money in his pocket. He must run with hope in[…]

Although strong in applicant tracking system and video interviewing, many companies in India are not using mobile recruiting tools that help make the talent acquisition process more efficient, says a survey. According to the Korn Ferry Futurestep Survey, in India professionals are not taking advantage of tools, technology and business strategy as 4 out of 5 (81 per cent) talent acquisition leaders do not use mobile recruiting tools. “It’s critical that talent professionals work closely with the company’s business and hiring managers to define and communicate the employer value proposition – why a candidate would choose their organisation over a competitor,” Campbell said. Regarding recruitment process outsourcing (RPO), it said that in India employers work with RPO partners mainly for[…]

According to data from the National Sample Survey (NSS), 2014 as many as 44.81 million — 16.6 per cent male and 9.5 per cent female —Indian undergraduate students aged between 18 and 24 are too poor to pursue higher education. According to the 2016 All India Survey on Higher Education (AISHE) report of the ministry of human resources and development (MHRD) as many as 34.2 million students were enrolled in institutions of higher education in 2014-15. Nearly 22 million students (65 per cent) are enrolled in private institutions in various courses.Private sector covers more than 76 per cent of total institutions of higher education, data from the AISHE 2014-15 report show.There are 712 central and state universities, 36,671 colleges and about 11,445 stand-alone diploma-level institutions across the country.While government-owned institutions for higher education increased from 11,239 in 2006-07[…]