Top BPOs:According to NASSCOM Ranking.
For all of you looking to join top BPOs in India to give your careers a perfect start, here’s some interesting information for you. NASSCOM has recently released the updated list of the top BPOs in India. The rankings are based upon two categories- top employers and top companies. A list of the top IT services exporters also accompanies the BPO rankings. You can also access the annual revenues of these big guns, their past rankings and how they fare in competition against top BPOs all over the world.Check out the list here.
Be Employable, Be Secure
For those of you who are worried about the future of IT in the wake of the recession, there is nothing to worry as IT is here to stay and is actually still in its initial stages. It has a long way to go and a lot of growth to see. So said Mr. P. Rajendran, Director and Chief Operating Officer of NIIT. From his experience of being associated with NASSCOM, Mr. Rajendran opined that while growth rate has slowed down and is currently going ahead at 16-17% from the erstwhile 27%, it is by no means an alarming situation. He emphasized on the prospect of public-private partnerships which can give rise to exciting possibilities. According to him, and rightly so, enhancing employability will automatically lead to a feeling of enhanced security. If you have trained yourself properly and have made yourself desirable in the job-market, then security is not something you should be terribly worried about.
Read the detailed report in The Hindu here.
Looking Ahead- A NASSCOM Strategic Review
During my research on the Indian BPO industry and its projected growth, i came across this report by NASSCOM which i found really comprehensive. There is a lot to look forward to in terms of possibilities and opportunities. The article here is a summary of the entire report but it successfully highlights all that we can expect in the coming years.
Employability in India
I was recently reading an article on rediff.com which discusses the prospects of the BPO industry in India in the coming days. According to the article, the Indian outsourcing industry has entered “a new era of growth” owing to several companies desperately wanting to cut costs and looking to outsource like never before. The article goes on to say that attrition rates have already gone down and are plummeting further.
Though the BPO job market looks promising, we have to wonder whether we have enough quality talent to meet the requirements. Companies ideally want committed candidates possessing all the basic qualifications and skills necessary for the job profile. Unfortunately, finding such talent takes a lot of effort. Infosys, a premier IT firm, hires only 1% of the over 1.5 million applications it receives annually.
Around 2.5 million graduates walk out of the many colleges in India every year- out of which around 400,000 are engineers and 200,000 IT professionals. However, according to NASSCOM, only about half of these graduates are employable. Why does this happen? There are many reasons, one of the most important being that the existing education system is not industry oriented and therefore does not prepare them.