0% found this document useful (0 votes)
50 views8 pages

Labour Market and Job Search Notes

The document discusses several topics related to the job market in India including: 1) India is projected to have the world's largest workforce by 2030. 2) There is a skills gap between the number of graduates in India and those suitable for jobs in IT and BPO industries, estimated at 25% and 15% respectively due to mismatches between students' abilities and their training. 3) The Indian economy is one of the fastest growing globally and is expected to see continued high GDP growth in the coming years, supported by its large working age population and demographic dividend.

Uploaded by

partha kalita
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
50 views8 pages

Labour Market and Job Search Notes

The document discusses several topics related to the job market in India including: 1) India is projected to have the world's largest workforce by 2030. 2) There is a skills gap between the number of graduates in India and those suitable for jobs in IT and BPO industries, estimated at 25% and 15% respectively due to mismatches between students' abilities and their training. 3) The Indian economy is one of the fastest growing globally and is expected to see continued high GDP growth in the coming years, supported by its large working age population and demographic dividend.

Uploaded by

partha kalita
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 8

2/ State of Labour market in India

a/ India to be world’s largest labour force by 2030

5/ A report by NASSCOM & Mckinsey states that there is a huge gap between the number of
fresh graduates in India versus the number of graduates who are actually suitable for
employment in the IT & BPR industries respectively. This gap is believed to be about 25%
and 15% respectively.
The possible reason for this gap is-
a/ Gap between students’ abilities/interests to their training
b/ Obsession with profession like engineering, medicine, IT, etc.
c/ Soft skills training to the fresh and experienced graduates are neglected

7/ A Brief on the Indian Economy


a/ The Indian economy is considered as one of the fastest growing economies globally with
the projected GDP growth rate at 7 and above for the next few years.
b/ India’s demographic dividend is expected to increase and 83% of its increase is estimated
to be in the 15-to-59-year age group.

FUNFACT #1

 Increased govt. spending, rise of independent work and entrepreneurship have


boosted gainful employment for 20-26 million people.

11/ The factors impacting future of Jobs


a/ High growth rate and aspirations
b/ Education wave
c/ Dominance and general degree
d/ Automation and A.I
e/ Skill Shortage

15/ Globalization and impact on future of jobs in India


a/ Adoption of exponential technologies by Indian Industry
b/ New work arrangements
c/ Launch of smart connected products and services
d/ creation of highly optimized supply chains
e/ Business innovation
f/ Increase urbanization
g/ Shrinking overseas job market for India’s workforce

17/ Business Innovators


a/ About 5000 tech start-ups setup in the last 5 years are giving rise to new innovative
business models, changing the structure of the economy (from unorganised to organised)
and thus creating additional jobs
18/ The New Job roles of the future(2022-Beyond)

a/ IT Sector- VFX artist, Cloud Architect, AI research Analyst, etc


b/ Automotive- Sustainability integration expert,3d printing Technician, Automobile analyst
engineer, etc.
c/ Textiles & Apparels- Apparel data scientist, IT process engineer- Textiles specialist. Etc.
d/ BFSI & Petrol- Cyber security expert, Digital Marketing Specialist, Cyber Security
Specialist, etc.

The video mainly focuses on the different aspects of Job Search strategy and its Importance.
We get to learn the following things-
1/ Discovering oneself and narrowing down out search criteria by the following 7 parameters-
a/ Skills
b/ Interests
c/ Potentials
d/ Abilities
e/ Achievements
f/ Ambitions
g/ Values
2/ Importance of Customizing resume and cover letters.
a/ We should write targeted resumes and cover letters that specifically link our qualifications
to the hiring criteria for the jobs we are applying for-
b/ The above point is very important as we will have a better chance of getting an interview
with a targeted resume other than just having a generic cover letter and resume.

3/ List of the same portals where we could help our clients look for the apt Job.
a/ Online Job searching platforms-

 Huge collection of Jobs posting from around the world.


 Usefull for international Job Searches a recruiters give first preference to these
portals.
b/ It’s all about accessing the right job opportunities by knowing the right people at the right
time.

 Networking with past colleagues, boss, employees etc.


 People who have good impressions over us
 Professionals who are already expert in the same field as ours.
 Line up your references -We need three to five references, but we may not have talked to
them in quite a while. We could Call them and tell them about our job search. Ask for
updated contact info. Best to use a former boss, but only if they won’t be a bad reference. In
that case, it’s ok to use a colleague you worked with or your boss’s boss. Vendors we worked
with also make excellent references. An added plus is when we call them, they may know of
other opportunities for us to apply to.

c/ LinkedIn & Social Media platforms

 It is the social media channel for professionals


 Connecting and networking with the people from same background and work
 Different companies past their vacancies and opportunities on LinkedIn, Twitter &
Facebook.

d/ Job Fairs and recruitment agencies

 The job fairs are popular for companies looking to recruit new graduates
 A recruitment agency as a middle man between employees and job seekers could
open new doors to new opportunities.
4/ Developing our Brand
a/ Branding statement- 1 to 2 sentences to summarize our career goals and strengths
b/ Creating online presence to support our brand (Creating video resume, creating URL’s
using our name, etc.)
c/ Ranking well on Google and by maintaining a clean online reputation helps candidates to
get recruited in a fast manner.

5/ Ways of self-improvement
a/ By Learning new skills
b/ Pursuing online course and certifications relevant to our job search profile
c/ Taking up temporary jobs on internships to learn and grow are also sign of self-
improvement.

d/ Let passion guide us- If we learned one thing from the pandemic, life is too short to be unhappy at
work. We all should do some soul searching. Uncover what our purpose is. What motivates us? What
drives our passion at work? our reasons should be our own—not those imparted by others. Direct our
career. Find our unique purpose, embrace it, and let it propel us.

6/ The Important steps to follow before attending an Interview

a/ Make a list of companies we want to work for- When there is an employer you are dying to work
for, take a proactive approach. They may have no openings on their website. Don’t send anything to
HR or recruiters. Use LinkedIn to find the head of the department. It does take time to sleuth out the
right person, but once you do, ask, “Yours is a company I’m very interested in. I’ve done some
research, and my experience includes (list two to three accomplishments), then we should ask for a
conversation. Include our phone number. Do not include a resume. A personal conversation is what
we should be after.

b/ We should research the company before the interview

c/ Having the right Mindset- Job seekers must show they are the company's remedy to their problem.
Candidates need to project a consultant approach to uncover the employer’s needs for that role. Then,
show how we are the solution. we do this by clearly demonstrating experience and how we would
bring value to their company.

d/ We should dress appropriately


e/ We should practice answering and asking interview questions
f/ make efforts to impress the interviewer with our skills, experience, confidence and
expertise.
g/ Concluding with a thank you to the interviewer never goes in vain.

7/ Steps towards tracking our Job search Progress


a/ Maintaining comprehensive record of all the jobs that we have applied (details of
employer, referrals, interview dates and other follow ups)
b/ The above strategy would help us to track whether our job search efforts are delivering
appropriate results or not.

Conclusion
a/ Remaining persistent with our job search is the key principle to use here.
b/ Maintaining a positive attitude throughout the job search process helps us to be calmer in
difficult situations.

The video focuses on the topic of “Importance of building professional networking”


and how it could be useful in one’s job search and also building one’s own Brand.
We get to learn the following things-
1/ Professional Associations is finding and involving with people who has the same
professional interest with us. They love the same thing to do like us.

2/ We should try to find and join a professional association whether online or physical
association which is located in the same city we live in

3/ If we can’t find an association near us or online in context to our interest, we can start an
association ourself. We just have to find 2-3 members at first, who share the same interest
as us and could easily start the association

4/ Utilizing professional association /networking and helping clients by making them the
importance of it
The 2 Ares of professional Association we should get involved are-
a/ Membership Committee
Benefits-

 We would get the chance to know every member of the association


 Individual details like job description, designation (which they hold), office details etc
could be known by these
b/ Programming Committee
Benefits-

 Every committee would have different meetings on the basis of weekly, monthly or
quarterly. Programming committee helps the association to organise their meetings
with all members consent and comfortability.
 We get hold of speakers on the committee who can enlighten the association on
different topics.
 We also get the chance to connect with more individuals on deeper levels. Because
of close interactions
5/ On the other hand we can also form small associations or local clubs where we as career
coaches can be the speakers to a small group of people and could speak on various topics
for free, and in turn the crowd would see us an expert in that field and could turn upon to us
as a client to help them in that specific area that falls under our interest area.

LONG TERM BENEFITS OF BUILDING A PROFESSIONAL NETWORK

1/ MOST JOBS ARE NOT ADVERTISED

The number of jobs advertised in the newspapers and websites is nothing compared to the number of
jobs that are never advertised. It is estimated that between 70 and 80 percent of the jobs are not
published. So, who gets these jobs? The people who know the importance of networking and network
actively. This means joining professional networks such as LinkedIn, communicating with other
members of the network regularly, and actually going out and talking to would-be employers.

2/ PREFERENCE IS GIVEN TO PERSONAL CONNECTIONS

It is no secret that a lot of hiring is done through personal connections, such as friends and
acquaintances. Because of this, you will never get to hear of a job opening unless you know an
employer or someone who knows the employer. Employers place a considerable preference for
candidates they personally know and can trust. So instead of poring over advertisements all day and
sending applications, we should utilize our time networking with professionals, honing up our skills,
and communicating with employers.

3/ ADVERTISED JOBS ATTRACT TOO MUCH COMPETITION

Companies do advertise a lot of jobs on job boards and on their websites. But they attract too much
competition because most job seekers have access to the ads.

4/ NETWORKING MAKES US AWARE OF OUR CAPABILITIES AND


DEFICIENCIES

Professional networking is about connecting with other professionals and sharing knowledge and
information with them. Successful and experienced members of a network often provide free advice
to other members of the networks on the qualifications, skills and experiences needed for certain jobs.
So, regular interaction with other members of the network makes us aware of our capabilities and
deficiencies. We can use their advice to build our professional skills to make ourself more attractive to
employers.

5/ Towards Developing our Career

By networking in LinkedIn and Facebook groups, not only can you make new contacts in our
industry, but we can also get guidance and learn new aspects of the industry. We may also find new
tips to help with your job search, resume, and cover letter. You can exchange ideas and learn about
the companies where we would like to work.

6/ Towards Building our Personal Brand

By sharing your ideas on industry relevant topics, we are showing potential employers that we know
our stuff. We should attend some social and professional events too. We never know who will be
there that we can impress with our skills and knowledge. They just might have a job opening at their
company.

7/ Re-evaluate our Qualifications

We could ask our trusted contacts in our industry to review your resume or LinkedIn Profile. They’ll
be able to give us some fresh eyes and provide some feedback. If we connect with industry experts,
they may let us know of new skills and talents that are preferred for the ideal candidate and could help
us grow in value.

8/ Life Time Support


Job hunting can be a daunting task that can last for weeks or months, and for some, years. Networking
can help us stay on task and not get discouraged. Talking with others about our job search will help us
stay focused and not lose sight of our goals. They can help talk us through the tough search and
possibly provide some new insights on who to talk to and where to look.

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy