Indian Railways gives another chance to 70,000 candidates to apply again

The Railway ministry has asked these aspirants to rectify their mistakes in the application process by July 20

Indian Railways is giving a second chance to 70,000 candidates whose job applications were rejected for uploading faulty photos. The Railway ministry has asked these aspirants to rectify their mistake by July 20.

Indian Railways has received 4.8 million applications for 26,500 posts of assistant loco pilots and technicians.

"We realised that among the total applications that were found ineligible, around 127,000 candidates were found ineligible for invalid pictures. Out of the 127,000 people, now, 70,000 have been asked to make the changes in the pictures and upload them again," Rajesh Dutt Bajpai, Director Information and Publicity, Railway Board said to PTI.

An email and a message have been sent to the 70,000 applicants, who were given a second chance.

ALSO READ: Nagpur to Mumbai in 5 hours! Indian Railways plans high-speed service

The first phase of examination for the various posts will be conducted in September-November. The exams were postponed from May-June due to a high number of applications. The railways took time to scrutinise all the applications.

The Indian Railways will fill up over one lakh vacant posts by March-April next year.

The Railways received around 22.7 million applications for about 110,000 vacancies it had advertised.

Article Source : BS

IIT, IIM students get more than double the salary than other grads: Report

Candidates proficient in new-age skills like machine learning and data science are found to be hired largely from the top IITs

As employers look for quality talent, engineering graduates from top IITs are fetching 137 per cent higher salary package than an average engineer, while management graduates from top IIMs are getting 121 per cent more than an average MBA graduate, according to a report.

In IITs, computer science or information technology graduates are receiving the highest annual package of Rs 6.9 lakh per annum, global online talent measurement solution provider Mettl said in its campus hiring report 2018.

The report said candidates proficient in new-age skills like machine learning and data science are found to be hired largely from the top IITs.

"New IITs are catching up fast with top NITs in terms of compensation packages offered, especially for CS or IT graduates where new IITs have surpassed top NITs," it said.

In a region-wise analysis of management institutions, the report observed that west India held a leading position with 17 per cent higher compensations than the average salary recorded.

ALSO READ: More MBA graduates are choosing tech jobs, and Silicon Valley is hiring

The report is the result of a survey conducted by Mettl across 194 institutes in the country, comprising 114 engineering and 80 management institutions, during January to June period, for placement for FY 2017-18.

It said graduates from the technology domain received the higher average salary package of Rs 14.8 lakh per annum post MBA.

The general management roles accounted for the maximum number of hires at 31 per cent, while roles in senior management were the highest paid jobs commanding 118 per cent more than the average salary of MBA graduates, it added.

Mettl chief executive and co-founder Ketan Kapoor said in the present age, there is a rise in demand for skilled candidates across all domains and employers have taken the campus route to attract quality talent to meet this demand.

"However, employers face many challenges during campus placement drives. From early attrition to inability to retain candidates even after rolling out lucrative offer letters, companies face a major challenge that needs to be resolved in order to build loyal future leaders," he added.

Article Source : BS

Infosys puts a break on fresher hiring, relying more on experienced hands

Share of young engineers in 18-25 age group drops to 28% in FY18, senior staff ratio goes up

India’s second-largest information technology company, Infosys, is relying more on experienced hands than fresh graduates even though it weighs to its costs, according to the company’s latest annual report. This is happening when the sector is witnessing slower growth with increasing pressure on profit margins.

According to the latest annual report for 2017-18, the percentage of the Bengaluru-headquartered company’s employees in the age group of 18-25, came down to 28.16 per cent, from 31.19 per cent in the previous financial year. In absolute terms, the number of employees in this group was 57,475, against 62,489 in FY17. Employees in this group largely constitute of newly-hired engineers from colleges.

The percentage of employees above this age group had gone up during this period. For example, employees in the age group of 26-30 constituted 32.25 per cent of the total staff strength in FY18, against 32.09 per cent in the previous year. Similarly, mid-level employees in the age group of 31-40, constituted 32.5 per cent, which rose 168 basis points over the previous financial year. The ratio of employees in the 41-50 age group also saw a rise of 100 basis points over the previous financial year to 5.92 per cent. However, despite the higher ratio of experienced staff in workforce, Infosys incurred only 3.6 per cent rise in expenses towards salaries and bonus in FY18 to Rs 346.7 billion.

The change in Infosys’s employee mix also reflects the growing trend of slower fresher hiring by Indian IT firms, expected to gain pace in the current financial year as well. Owing to uncertain demand environment and changes in client demands, Indian IT companies are hiring fewer number of freshers while majority of them are resorting to just-in-time hiring in case of lateral (experienced ones).

“The intake of fresh engineers by Indian IT firms is certainly going to drop further as companies are seen steadily improving their (employee) utilisation rates. While they are no more hiring in bulk through campus recruitment programmes, the normal attrition in higher age groups is also less owing to lesser avenues outside which means the ratio of senior staff that the sector employs will go up,” said Kris Lakshmikanth, chief executive officer & managing director of Head Hunters India.

Infosys said the percentage of senior management level employees in the age group of 51-60 was 1.03 per cent, against 0.90 per cent in FY17.

Employees above 60 years of age constituted 0.19 per cent of the overall strength, which was at 0.14 per cent in the previous financial year.

IIM Tiruchy 2018 placements: Students see 7.4 % jump in annual salary

172 of the 176 students from the Post Graduate Programme in Management, batch of 2016-18, registered for final placements; all of them bagged job offers

The Indian Institute of Management (IIM) Tiruchirappalli has reported a 7.4 per cent jump in the average annual compensation compared to last year. The average annual compensation of top 25 percentile increased by 24 per cent.

Also, there has been a four-fold increase in domestic offers with annual compensation above Rs 3 million, and an increase of six times in those with annual compensation above Rs 2 mn.

It may be noted that the batch size increased by 63 per cent compared to last year.

The Final placements were for the Post Graduate Programme (PGP) in Management for the batch of 2016-18. Out of 176 students in the batch, 172 registered for the placement programme and all of them received job offers. The highest international compensation offered was Rs 5.45 million per annum, while highest domestic annual compensation offered was Rs 3.17 million. Average annual compensation, across all domains, was Rs 1.42 million.

This year the institute witnessed participation from 113 companies providing 177 offers to the students. Recruiters offered roles across various domains like Finance, Sales and Marketing, Consulting& Analytics, Strategy & General Management, Operations and OB & HR.

Some of the regular recruiters include JP Morgan & Chase, L&T, Cognizant, Dell, ICICI Bank, Microsoft, Avalon Consulting, Deloitte, HCL, Royal Bank of Scotland, RBL Bank and Saint Gobain.

IIM Trichy hosted a number of new recruiters this year. Some of the prominent recruiters among them are GMR Group, UltraTech Cement, DHL, Tolaram Group, ValueLabs, Trafigura, VLCC and Kotak Life Insurance.

Consulting and analytics accounted for nearly 31 per cent of the offers, followed by sales and marketing (30 %), finance (17 %), strategy and general management (14 %) and operations (7 %) and others.

Prof. Abhishek Totawar, Chairperson, Placement and External Relations said that even with the 63 per cent increase in the batch size compared to the previous year, growth in the placement statistics are a proof of the brand image which IIM Trichy has built in the past few years.

Jio's Diwali offer: 100% cashback on Rs 399 pack; here's how you can get it

Under the Diwali Dhan Dhana Dhan offer, Jio Prime customers get eight vouchers worth Rs 50 each on a recharge of Rs 399. The offer can be availed of during the Oct 12-16 period

Reliance Jio has announce a 100 per cent cashback offer on Rs 399 recharge for Jio Prime customers. Dubbed the ‘Diwali Dhan Dhana Dhan’ Jio's Diwali offer , the cashback comes in the form of eight Rs 50 vouchers that can be redeemed in further recharges. Jio Prime customers can avail of the offer starting today, October 12 and the offer will continue until October 18.

The eight Rs 50 vouchers that you get on a recharge of Rs 399 can be redeemed against future recharges of Rs 309 or above, and on data add-ons booster packs of Rs 91 or above. The vouchers come with a condition of use that allows only one voucher to be redeemed at a time and only after November 15.

Also Read : Airtel vs Jio in cheap 4G phone: Voice-data bundling coup waiting to happen

The offer can also be availed of by the subscribers who are still under the validity period of their last recharge. The recharge will activate only after the current plan validity of the recharge expires.

Under the Rs 399 recharge, Reliance Jio offers free calls, SMS, subscription to Jio apps and 84 GB of data with a cap of 1 GB per day, valid for 84 days. The Diwali Dhan Dhana Dhan offer is valid for both, prepaid and postpaid subscribers.

Indian IT firms to generate fewer jobs in next 6 months: Report

Professionals asked to upskill themselves as the industry gradually turns to automation

Indian IT services companies would create fewer jobs over the next couple of quarters as more companies are focusing on shifting towards digital technologies, said a survey report released by human resource firm ManpowerGroup on Tuesday.

The report, Experis IT Employment Outlook Survey, stated that 50 per cent of the IT services companies expressed their interest to hire people during the period between October 2017 and March 2018, since the industry is re-inventing itself to automate a lot of processes using artificial intelligence and machine-learning technology.

In fact, the survey report said India would see pink slips being handed over to an increased number of senior-level professionals across Indian IT firms, on account of digitisation and a surge in recruitment of junior and mid-level professionals.

A slower job growth in the $154-billion services industry is, however, in stark contrast to other sectors in the country and captive IT units of global businesses will hire more people during this period, said the report, which surveyed around 500 Indian IT employers.

Also Read : Making a career out of your interests: How to find a job that you love doing

The industry has been witnessing a slowdown in traditional software maintenance services- a segment that has been acting as a core revenue generator for nearly three decades now. The slowdown was attributed to the increased demand of digital technology-based services on the part of the businesses.

“Net layoffs that are being contemplated by the IT giants are way higher than what the Indian IT industry has ever witnessed and this trend is likely to continue for the next 6-12 months,” said ManpowerGroup India.

IT professionals should look for opportunities to upskill themselves during this period, noted the report.

“Today technologies continue to rapidly shape the business landscape. A rise in new enabling technologies, such as software as a service (SaaS) offerings and cloud-based enterprise resource planning (ERP) software, along with artificial intelligence’s (AI) unprecedented speed, accuracy and cost efficiency are significant in terms of maintaining a competitive edge that are driving businesses now. (more)

Union Bank of India Invites Applications For Credit Officers. Apply Now

Candidates willing to take up the post can apply for the same till October 21, 2017 (Saturday).

Union Bank of India (herein after called the Bank) is inviting applications for the posts of Credit Officers. Candidates willing to take up the post can apply for the same till October 21, 2017 (Saturday). The number of vacancy is 200 for SC (49), ST (24), OBC (65) and UR (62). The qualified candidates would be paid on the pay scale of 31,705 - 45,950. In addition, Special Allowance, Dearness Allowance and other allowances will be payable as per prevailing rules and regulations in the Bank. Further, the officer will also be eligible for amenities like residential quarters/lease rent in lieu of quarters, LFC, reimbursement of medical/hospitalization expenses and other perquisites as per the policy of the Bank.

Exam Centre: The Online Examination, if conducted, may be tentatively held on 25.11.2017 at the following centers: (a) Bengaluru (b) Delhi (c) Kolkata (d) Lucknow (e) Mumbai. However, the Bank reserves its right to decide the examination centers and dates at its sole discretion. The full address of the Venue and the Date will be advised in the Examination / Group Discussion Call Letters, which will be issued in case the Bank decides to hold the Online Examination / Group Discussion. In case the Online Examination / Group Discussion is held, the call letters can be downloaded from the Bank’s website 'Union Bank of India' under "Careers" link.

Eligibility Parameters:

Age: Minimum 23 years and Maximum 32 years

Qualification: Bachelor’s degree in any discipline with minimum 60% aggregate marks from a University/Institution/Board recognized by Govt. of India/approved by Govt. Regulatory bodies.

Post Qualification Work Experience: Post Qualification Work Experience in processing of credit proposals in officer cadre with any Scheduled Commercial Bank for a minimum period of two years immediately preceding the cut-off date of application as per this Notification is mandatory.

How to Apply:

HOW TO APPLY: The candidates can apply only online from 04.10.2017 to 21.10.2017 (both days inclusive) and no other mode of application will be accepted.(more)

Jobs galore at engineering colleges, pay offers up 15%; highest at Rs 39L

Tech institutes beat economic slowdown; salary packages up 10-15%

Despite a downturn, India's leading engineering colleges other than the IITs have found good final placements in top companies in India.

Both average and highest pay packages at campuses are up 10-15% from a year ago thanks to a surge in domestic offers. While there have been reports of the health of the Indian software services sector deteriorating and beginning to jolt the job market, this news comes as a major relief.

“Placements are very good compared to last year. Many companies are visiting for multiple profiles,” RS Walia, training and placement head at Delhi Technological University told Economics Times.

Hiring is up 15%, said Walia, with companies including Amazon, Directi, PwC, L&T, Maruti Suzuki, Airtel and Samsung recruiting more this year. “We are also targeting a large number of first¬timers for the 2017¬18 session,” he said.

Let us take a look at campus placements of some of India's top-notch engineering institutes:

BITS Pilani University: Placements at the three campuses in Pilani, Goa and Hyderabad started in early August. Nearly 586 students were placed by the end of September, up from 546 a year ago. Qualcomm (50), Oracle (48) and Microsoft (38) have picked the maximum number of students so far at BITS Pilani University.

Highest offer: A cloud-computing software company Nutanix offered the highest salary package at Rs 39.48 lakh, up nearly 13% from last year.

Average Salary has gone up 10% to Rs 16.05 lakh.

NIT Warangal: Uber has made the highest offer so far at Rs 36 lakh, according to a report in Economic Times. Qualcomm has made the maximum number of offers at NIT Warangal, along with Amazon and Fidelity. (more)