Practice, they say makes you perfect. If you are in and out of a trade in a matter of minutes and making good money by doing it, your skills have to be razor sharp. Sivakumar Jayachandran, a scalper has practiced thousands of trade before he became a successful trader.
This hiring trend will mainly be driven by industries including IT, BFSI (banking, financial services, insurance) and BPO, according to 'Naukri Hiring Outlook 2019', a bi-annual survey.
Expressing concerns over rising instances of revenue authorities treating IT-enabled services, including BPOs and KPOs, as 'intermediary services', Nasscom Senior Director and Public Policy Head Ashish Aggarwal said there is an urgent need to address the outstanding issue.
In order to ensure that US immigration rules do not blunt the growth of this industry, it has already begun seeking new markets in Continental Europe, Japan, China and Africa.
The transaction will see Pacific BPO's 2,100 employees becoming a part of Access Healthcare, making the combined entity one of the largest healthcare outsourcing companies with over 11,000 employees, Access Healthcare said in a statement.
While automation will eliminate some jobs, it will also create some jobs that will support the "automation economy".
he Parliamentary Standing Committee on Information Technology, in its report, also highlighted the need to lay more emphasis on skill and training in the country's BPO sector.
Nearly Rs 4 lakh crore has been disbursed as direct benefit transfer to poor people which has led to savings of Rs 90,000 crore by removing fictitious beneficiaries in the last four years.
Revenues from operations grew marginally to Rs 871.3 crore in the reported quarter from Rs 864.3 crore in the corresponding period of the last year.
However, it is not a bad news for everyone, as the report predicts that medium and high skilled jobs will see a rise during the said period. Due to a rise in adoption of automation and artificial intelligence, the number of low skilled workers in India's IT and BPO service sectors could fall from 2.4 million in 2016 to 1.7 million in 2022, it said.
The Naukri JobSpeak index for March 2017 stood at 2,073, up 5 percent from the year ago level, indicating an upsurge in the overall hiring scenario.
There are worries over what automation will do to jobs in the business process management (BPM) industry. But, Partha Desarkar, CEO of Hinduja Global Solutions believes a lot of it is hyped.
Essar's outsourcing business Aegis has set up BPO facility at Jamshedpur with 2,500 seating capacity.
Hinduja Global Solutions, the BPO arm of diversified Hinduja Group, today reported over two-fold increase in consolidated net profit to Rs 47.21 crore for the December quarter.
BPO has been renamed to Business Process Management (BPM) â€“ encompassing a larger piece of clients‘ activities and reinforcing the impact our industry has on businesses, says Partha DeSarkar, CEO, Hinduja Global Solutions.
"India is on the radar of fund managers for good growth potential. Large institutional investors believe in long-term growth potential," said John Fitzgerald, chief executive of the Urban Land Institute (ULI).
This forecast provides total enterprise IT spending for internal spending and spending on data center, devices, software, IT services and telecom services, Information technology research and advisory company Gartner said.
The September Monster Employment Index (MEI) India registers 10 percent year-on-year growth. Logistics registered 32 percent jump, while hiring of customer service professionals registered 66 percent rise.
A tough global economy, tightening client budgets, and rising costs have pushed the Indian IT-enabled services like BPO's into a cost-control mode. CNBC-TV18 tells us how the government's BPO promotion scheme is redrawing the Indian BPO landscape, with tier-2 cities becoming major attractions.
The acquisition, the first by India and South Asia- focussed Everstone in the US, is being done through Everise Services, a Singapore-based company held by Everstone, along with Sunrise BPO as a co-investor, Everstone said in a statement.
IT Ministry today said it has given its in-principal approval for around 9,000 seats in business process outsourcing (BPO) units across several small cities of the country, including Varanasi, Siliguri and Patna.
Jharkhand is organising the Global Investors Summit 2017 on February 16-17 in Ranchi to promote the state as a favoured investment destination. It had held a road show here in connection with the summit.
According to RecruiteX, the recruitment index by TimesJobs.Com, after witnessing a numb phase for the last two months, hiring activity picked up pace with a 8 percent surge in August.
The estimated employment for export-oriented sector saw a net addition of 1.22 lakh persons in January-December 2015, she added.
During the first of its kind Indo-US BPO Summit in Florida in the United State, CNBC-TV18 met experts and industry leaders to find out how India‘s BPO sector is focusing on digitisation and non-voice processes developing the right mix of on-shore and off-shore presence and is rebranding itself as the business process management industry.