"Destiny is not a matter of chance; it is a matter of choice. It is not a thing to be waited for; it is a thing to be achieved." These lines by William J. Bryan truly hold their significance in today's 'recruitment' scenario.
It is true that recession has come to India with high heat. Inflation is at an all-time high in India. Prices are going up, and salaries are taking a major hit. There are no jobs in the market.On the other hand, India’s short-term debt maturing within a year stood at $172 billion end-March 2013. This means the India will have to pay back $172 billion by March 31, 2014.
Some days back I overcome a article that Campus hiring to slow down in 2014. It is well-said by Deepali Singh, business head, Firstnaukri.com that the uncertain economic conditions will continue to manifest themselves through a weaker demand for students in campus hiring. In fact, There will be an overall decline in campus hiring in 2014 and fewer students are expected to get employment right from the campuses next year, according to a survey released Tuesday.
Even though in today's recession in India, there is a good news that boosts the morale of every employee who is working in private sector. Yeah! It is proposed that the 2014 Global Financial Development Report (GFDR), finance can boost job creation, reduce vulnerability to shocks and GFDR can have a more central focus on capital market development issues.
If we look at the Global Employment Trend in 2013, Unemployment is on the rise again, as job creation slows across most regions. The rise in estimated global unemployment by 4.2 million in 2012 is one of the largest increases since the early 2000s, excluding the immediate crisis years. Reaching 197.3 million jobseekers in 2012, the number of unemployed is expected to rise further by about 5.1 million in 2013 and by 2.9 million in 2014 in the ILO’s baseline projection, which assumes effective policy action in the United States to avoid a sharp reduction in fiscal expenditures and successful resolution of the debt ceiling discussions and no intensification of the Euro area sovereign debt and banking crisis.
The economic slowdown is no longer a mere conversational statistic. The jobs squeeze. It is now hitting the middle class where it hurts most: In jobs. Two surveys, conducted by apex industry chambers FICCI and ASSOCHAM, released in the first week of September, confirm what head hunters and job portals have noticed for months: India Inc's pessimism about its business prospects, evident now for more than a year, has finally translated into a cut in hiring. So, stay tuned with current jobs in the private sectors till the election of 2014. Do you find any other options?
Campus hiring to slow down in 2014
GFDR 2014: Financial Inclusion
Global Employment Trend in 2013
The Job Squeeze
