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The 10 ways to maintain a long career in finance

Admin| Apr 11, 2017 - 02:23 AM

The 10 ways to maintain a long career in finance

I recently gave a talk on how to survive a long career in the capital markets, something I somehow managed to accomplish.

It was delivered to an engaging and enthusiastic bunch of people from across the capital markets sector in Frankfurt. But no one should underestimate the challenges of working in an industry which faces rolling uncertainty.

Business models of banks and other market players are being challenged by regulations and technology resulting in significant demands being placed on th......

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This is how forgoing vacation time can derail your career

Admin| Apr 11, 2017 - 02:11 AM

This is how forgoing vacation time can derail your career

With summer fast approaching, vacation will soon be top of mind for many professionals. Do you ask your boss for time off? Do you use your vacation days?

The answer should be a no-brainer. But you'd be surprised. Many Americans lucky enough to have paid time off are forgoing valuable vacation days to spend more time at the office, a national Bankrate survey of 1,000 employees showed.

In 2016, some 52 percent of Americans said they wouldn't be using all of their paid time off. They're often leavin......

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Amazon top recruiter at TISS Mumbai placements, average salary Rs 18.2 lakh

Admin| Apr 09, 2017 - 11:14 PM

Amazon top recruiter at TISS Mumbai placements, average salary Rs 18.2 lakh

Amazon has emerged the top recruiter during final placements at the Tata Institute of Social Sciences (Mumbai), offering the highest package of Rs 28.5 lakh. The median salary for the 2015-17 batch is Rs 18 lakh, the same as last year. Average salary has gone up marginally to Rs 18.2 lakh, compared to Rs 17.4 lakh last year.

Around 65 students from the two-year postgraduate programme in human resource management and labour relations participated in the placements where 44 companies – 25%......

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Government asks PSBs to finalise next wage revision before November 1

Admin| Apr 09, 2017 - 11:14 PM

Government asks PSBs to finalise next wage revision before November 1

The finance ministry has asked the heads of public sector banks to finalise the modalities for timely implementation of the next pay revision from November.

There are 21 public sector banks, post merger of six lenders with SBI, in the country. They together employ about 8 lakh people.

In a communication to CEOs and MDs of the state-owned banks, the ministry advised them to initiate the steps for smooth conclusion of next wage revision of the employee within the time-frame.

"However, it is s......

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Chandigarh Police Recruitment 2017

Admin| Apr 08, 2017 - 01:07 AM

Chandigarh Police Recruitment 2017

All the candidates who have applied for various constables posts in UT police will have to undergo a dope test. There are 520 posts of constables in UT police.

 

The decision of undergoing a dope test was taken by the Chandigarh Police. The same decision was also taken by the Punjab police last year.

 

The candidates who have applied will be undergoing the PE and MT (Physical Efficiency and Measurement Test). 2.14 lakh candidates have applied for the posts and they will be undergoi......

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US unemployment rate near 10-year low, but job creation falters

Admin| Apr 07, 2017 - 11:10 PM

US unemployment rate near 10-year low, but job creation falters

The US unemployment rate fell in March to 4.5 percent, its lowest level in nearly 10 years, but job creation tumbled unexpectedly, underscoring the challenges President Donald Trump faces to fulfil his 25-million-job pledge.

After months of pumping out new jobs at a steady clip, the world's largest economy added only 98,000 net new positions last month, the Labor Department reported Friday -- a figure far below analyst expectations

Central bank policymakers have been split over the amount of sl......

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Mixed jobs report leaves markets unfazed about Fed rate hikes

Admin| Apr 07, 2017 - 10:57 PM

Mixed jobs report leaves markets unfazed about Fed rate hikes

Job creation weakened much more than expected in March, causing speculation that the Federal Reserve (Fed) may be unable to move forward with its plan to hike interest rates two more times this year.

According to the employment report released Friday, non-farm payrolls (NFP) rose just 98,000 in March in a severe slowdown from the prior month’s creation of 219,000. The number was its lowest in 10 months and also barely reached half of the consensus estimate of 180,000 jobs.

Wage inflation......

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Throwing light on career path

Admin| Apr 06, 2017 - 11:32 PM

Throwing light on career path

From providing help to crack the much-debated National Eligibility cum Entrance Test (NEET) to dealing with engineering admissions in Tamil Nadu from the word go, The Hindu Edge Career Counselling 2017 had it all.

Speakers at the seventh edition of the Career Counselling programme — organised by The Hindu Edge in association with The Hindu-Tamil at VIT University on Thursday — provided a peek into various opportunities in higher education.

One of the speakers, Ramesh Prabha, chairm......

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Snapdeal employees worried about jobs, as merger looms with Flipkart

Admin| Apr 06, 2017 - 11:31 PM

Snapdeal employees worried about jobs, as merger looms with Flipkart

Even as the Japanese investor Softbank of Snapdeal is yet to conclude its potential stake sale to its rival Flipkart, the employees at the Gurgaon-based e-commerce firm continue to be worried.

A merger with bigger rival Flipkart is expected to consolidate operations and existing positions could be phased out over time as part of the deal.

"Many of our colleagues lost their jobs during the retrenchment exercise. We were given to understand that it was over. However with these reports of sale tal......

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IIM Raipur completes placements with highest salary package of Rs 27.2 lakh

Admin| Apr 05, 2017 - 11:03 PM

IIM Raipur completes placements with highest salary package of Rs 27.2 lakh

IIM Raipur has completed final placements for the 2015-17 batch, with a highest package of Rs 27.2 lakh and a median package of Rs 13.2 lakh. The average salary offered saw an increase of about 5% and stood at Rs 13.10 lakh per annum

The average salary offered to the top 10 percentile, top 25 percentile and the top 50 percentile of the batch were Rs 19.4 lakh, Rs 17.1 lakh and Rs 15.5 lakh respectively.

About 20% of the batch of 141 students secured PPOs/PPIs and more than 140 recruiters show......

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U.S. private sector adds 263,000 jobs in March - ADP

Admin| Apr 05, 2017 - 11:01 PM

U.S. private sector adds 263,000 jobs in March - ADP

US private employers added 263,000 jobs in March, more than the number they hired in February and well above economists' expectations, a report by a payrolls processor showed on Wednesday.

Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 187,000 jobs, with estimates ranging from 110,000 to 225,000.

Private payroll gains in the month earlier were revised down to 245,000 from the originally reported 298,000.

The report is jointly developed with ......

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Amazon India sets up 7 new warehouses, to create 1,200 jobs

Admin| Apr 05, 2017 - 10:58 PM

Amazon India sets up 7 new warehouses, to create 1,200 jobs

E-commerce giant Amazon said on Wednesday it has set up seven new warehouses (Fulfilment Centres or FCs) to cater exclusively to its large appliances and furniture category, a move that will create 1,200 new jobs.

The company, which has committed an investment of $5 billion in the Indian market, will also set up 33 delivery stations to meet the demand it is witnessing in the said category. Amazon.in has 27 such warehouses across the country.

With the addition of the new FCs, Amazon.in will hav......

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Machines are going to steal your jobs

Admin| Apr 04, 2017 - 10:59 PM

Machines are going to steal your jobs

The World Economic Forum expects automation and Artificial Intelligence (AI), to result in the loss of at least 5 million jobs globally by 2020. Yes, machines are going to steal your jobs. It may sound like a scene from Terminator in which a robot may push you out of your office chair, but the reality is scarier and invisible to an extent. The major threat to your job is from machine learning.

Machine Learning is the ability to process huge volumes of data and complete tasks in a more efficient......

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Average increment for FY18 to remain flat at 9.7 percent: KPMG

Admin| Apr 04, 2017 - 10:58 PM

Average increment for FY18 to remain flat at 9.7 percent: KPMG

The average increment for the year 2017-18, is expected to remain almost flat from last year at 9.7 per cent, mainly driven by weak market performance and low salary budget, according to a KPMG survey.

"The projected increment for the 2017-18 is 9.7 per cent, a drop of 0.6 per cent from 2016-17. This is mainly because the markets have not done well last year, low salary budget, cost cutting within companies and higher pay packets," according to KPMG's India's Annual Compensation Trends Survey.

T......

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Job surge for people with niche IT skills

Admin| Apr 04, 2017 - 12:53 AM

Job surge for people with niche IT skills

People with certain niche tech skills can expect a surge in opportunities at startups, with more than 5,000 jobs likely to be created this year, according to estimates from Nasscom, placement firms, startups and venture capital funds. 

The demand for data analysts, machine learning/artificial intelligence experts, UX/UI (user experience/user interface) designers, cybersecurity and product development experts is outstripping supply. Salaries for these roles are rising, in some cases by up to 5......

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Karnataka High Court Recruitment 2017

Admin| Apr 04, 2017 - 12:15 AM

Karnataka High Court Recruitment 2017

Karnataka High Court has invited applications from eligible candidates for recruitment to the posts of Assistant Court Secretary and Typist. Interested candidates only after fulfilling the eligibility criteria mentioned in the official notification can apply online in the prescribed format. The last date for submission of online application is 30 April 2017. Candidates must apply online at the official web portal of Karnataka High Court.

 

Karnataka High Court Recruitment: Highlights

Vac......

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5 ways to set work-life boundaries

Admin| Apr 03, 2017 - 11:27 PM

5 ways to set work-life boundaries

An increasingly always-onwork culture spells huge gains in worker productivity, but it often leaves employees with little room for their personal lives. Varuni Khosla talks to experts to put together tips for achieving a fine balance and set clear worklife boundaries in a 24X7 work environment. \

Establish Non-Negotiables

“Being clear and upfront about nonnegotiables can help structure our lives to make room for the things that matter most, without letting others down,” says Rajes......

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Infosys COO's pay hike row: High salary isn’t greed, say HR experts

Admin| Apr 03, 2017 - 11:26 PM

Infosys COO's pay hike row: High salary isn’t greed, say HR experts

MUMBAI: Even as Narayana Murthy expressed his discontent on the manner in which CEO/COO salaries were rising beyond the average median at InfosysBSE -1.11 %, HR industry experts dismiss the existence of such a metric that dictates what's greed and what's not. While Murthy talked about compassionate capitalism and how CEO salaries should be reined in, industry experts say it is the competitive nature of an industry, the scale of an organisation and the competencies required in a CEO that should be t......

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PM Modi talks about technology and innovation at Hackathon

Admin| Apr 02, 2017 - 11:52 PM

PM Modi talks about technology and innovation at Hackathon

Prime Minister Narendra Modi urged the youth on Saturday to use technology and opt for innovation to help solve many of the problems confronting the nation.

Addressing 10,000 innovators in 26 different locations taking part in the world's largest Hackathon via video conferencing, Modi said, " A series of issues have been placed before our youth to work on . The issues are challenging but this is also an opportunity." He said the true essence of democracy was "Jan Bhagidari".

"Together we will solve ......

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Fudging of documents and educational qualifications to chase job on rise: Report

Admin| Apr 02, 2017 - 11:37 PM

Fudging of documents and educational qualifications to chase job on rise: Report

NEW DELHI: Fudging of documents and educational qualifications to land a job is on the rise, with the national capital and Mumbai topping the list, says a survey.

In an increasingly competitive employment, where jobs are hard to come by, many candidates across sectors seem to be fabricating documents and most of the times, such discrepancies are noticed during background checks.

Risk mitigation and business solutions provider First Advantage has found that there has been an increase in discr......

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