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.

Job openings at L & T for freshers

L&T has come up with a host of open profiles all across India so take a look and apply accordingly.

Larsen and Toubro Jobs , or L&T, is an Indian multinational company that offers various services in industries such as engineering, technology, construction and manufacturing. L&T has come up with a host of open profiles all across India so take a look and apply accordingly.

Where to apply
You can log on to their official website to apply.

Open positions with L&T
Here are the details of the various types of jobs that are open with L&T.

• Technical writer – telecom domain
• J2EE
• Engineer customer service
• Officer – accounts
• Software engineer
• Electrical wire harness design engineers
• Assistant manager – accounts
• Assistant manager – corporate cost account
• Manager – corporate accounts
• Assistant manager – business development
• FPGA engineers
• Technical support
• iOS developer
• Manager – resource (p&m)
• Implementation engineer
• Android developer
• System engineer
• Cloud solutions architect
• Business analyst
• Angular JS developer
• .Net developer vacancies
• Process owner
• OBIEE consultant
• Node JS developer
• Hadoop jobs
• Web methods vacancies
• Data scientists
• Embedded systems engineer
• Oracle developer
• Selenium
• SalesForce admin
• Informatica jobs
• Linux programmer
• HTML, CSS, Javascript openings
• Java developer vacancies
• Big data jobs
• QTP
• CMS programmers
• Sterling integrators
• Cloud architects
• Server administrator
• Sharepoint consultant
• SEO expert
• SQL programmer
• Digital marketing
• Cyber security professionals
• Deployment and maintenance engineer
• Network engineer
• AJAX developer
• Mobile engineers
• PHP developer job openings
• SAP developer (ABAP, FICO, MM)
• Software tester openings
• The Official Microsoft ASP.NET Site recruitment
• Team leader vacancies
• C, C++ developer jobs
• Ruby on Rail jobs
• Technical sales engineer
• Portfolio manager
• Python developer
• Electrical design engineers
• Associate operations (accounts)
• Tunnel design engineer
• System architect
• Trainee engineer
• Project manager
• QA engineer
• Web developer jobs
• Manager piping layout
• Geotech design engineering
• Station design engineer
• UI UX designer
• Application programmer
• AGM/GM EXIM
• LTC – assistant manager
• Design engineers
• Medical assistant

Selection process at L&T
The selection process at L&T consists of the following three rounds:

1. Online aptitude written test
2. Technical interview
3. HR interview

What are the eligibility criteria for jobs at L&T? (more)

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.

AI will not cut jobs but create different kind of jobs: Intel India head

As many as 50 billion devices (like phones, smart TVs, smart refrigerators) would be connected by 2020

Dismissing the argument that Artificial Intelligence would lead to job losses, a technology expert today said it would in fact create different ones.

"Many people argue that with the advent of Artificial Intelligence, our people will lose jobs. No. I do not believe we will lose jobs, we will create different kind of jobs," Nivruti Rai, Country Head, Intel India, said here.

Artificial Intelligence does jobs which are repetitive in nature, where humans tend to make mistakes, and also where a lot of memory is required, she said, speaking at an event jointly organised by FICCI and the Telangana government.

"Who will identify where can AI be leveraged? It's us. But, that technology is absolutely critical, because everything that we do, use, wear is going to become smarter tomorrow and impact the lives, including our health," she said.

Predicting that as many as 50 billion devices (like phones, smart TVs, smart refrigerators) would be connected by 2020, she said 5G would be essential technology to make it a reality.

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

"It is important because the amount of data that will be floating in the air tomorrow is going to be so much that your 4G LTE technology will fail," she said.

It is important to re-skill oneself to rise above Artificial Intelligence rather than worrying about what AI will do, Rai said.

Noting that India is at the cusp of digital transformation, she wondered which other country can boast of the digital identity of more than one billion people stored with Aadhaar.

"We have all kinds of digital information...What we together collectively have to do, is to leverage this generation of digitisation and see how can we empower our citizens," she said.

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)

IT job cuts: Up to 600,000 engineers likely to be laid off in next 3 years

McKinsey & Company report says half of IT workforce will be irrelevant over the next 3-4 years

Executive search firm Head Hunters India said the job cuts in IT sector will be between 1.75 lakh and 2 lakh annually for next three years due to under-preparedness in adapting to newer technologies.

"Contrary to media reports of 56,000 IT professionals to lose jobs this year, the actual job cuts will be between 1.75 lakh and 2 lakh per year in next three years, due to under- preparedness in adapting to newer technologies," Head Hunters India Founder-Chairman and MD K Lakshmikanth told PTI, analysing a report submitted by McKinsey & Company at the Nasscom India Leadership Forum on February 17.

McKinsey & Company report had said nearly half of the workforce in the IT services firms will be "irrelevant" over the next 3-4 years.

Also Read :

• Not just CPEC, China's new silk road too should have India worried
• Once sold to Flipkart, Snapdeal staff may be richer by Rs 193 crore

McKinsey India Managing Director Noshir Kaka had also said the bigger challenge ahead for the industry will be to retrain 50-60 per cent of the workforce as there will be a significant shift in technologies. The industry employs 3.9 million people and the majority of them have to be retrained.

"So, when we analyse these figures, it is clear that 30 to 40 per cent of the workforce cannot be retrained or re- skilled. So, assume that half of this workforce can continue to work on old skills, then balance will become redundant.

"So, the number of people who will become redundant in the next three years will be about five to six lakhs. This will workout to, on a average, between 1.75 lakh to 2 lakh per year for next three years," Lakshmikanth explained. Read more

56,000 IT jobs in danger? Infosys, TCS say they're not responsible for mess

According to reports, the 7 biggest IT firms operating in India are set to let go of 56,000 workers

In his social media post, an anonymous techie called the recent spate of layoffs in the information technology (IT) sector a "nightmare". The bad news is, the nightmare is unlikely to end anytime soon.

The seven biggest IT companies operating in India, including Wipro, Infosys, Tech Mahindra and Cognizant, are planning to layoff at least 56,000 engineers this year, Livemint reported on Thursday.

According to the report, this projected number is double the amount of layoffs by these companies last year. Mint claims the astoundingly high number was arrived at after "extensive interviews with 22 current and former employees across these seven companies".

The companies concerned are Infosys, Wipro, Tech Mahindra, HCL Technologies, US-based Cognizant Technology Solutions, DXC Technology, and France-based Cap Gemini SA. According to the report, they have denied that the mass layoffs signal a crisis and have attributed the increased layoffs to more rigorous appraisal processes.

Also Read : All ATM withdrawals not chargeable, SBI clarifies after furore in Kerala

Of course, the news of IT majors handing out pink slips has already been flowing in. On Wednesday, Tech Mahindra let go of around 1,000 of its employees. Tech Mahindra's layoffs, however, were not an outlier; Wipro fired around 500 of its employees in April, and Cognizant has signalled it could let go of close to 10,000 of its employees. (Read more)

However, Infosys has said that it does not plan to cut jobs.

Aside from the Mint report, earlier reports had also suggested Infosys was planning to hand out pink slips to hundreds of its employees at its bi-annual performance review.

According to an Economic Times report, Infosys Chief Operating Officer U B Pravin Rao has said, "I would like to put to rest any speculation around planned layoffs. As has been the case in the past, we will primarily see some performance-based exits." (more)

SBI to recruit 554 special management executives

Last date for application and payment of fees is May 18, 2017

State Bank of India (SBI) has invited online applications from Indian citizens for recruitment of special management executive (SME), banking. Candidates are requested to apply on-line through bank’s website. The online registration is scheduled to start on May 3, 2017. The process of registration, application and payment of the fees will get over on May 18, 2017.

A candidate can apply for only one post under this project. The process of registration of application is complete only when fee is deposited with the bank through online mode on or before the last date for fee payment. Before applying, candidates are requested to ensure that they fulfill the eligibility criteria for the post as on the date of eligibility.

The total annual salary for scale II post in a metropolitan city like Mumbai for SME (scale II) is Rs.13.07 lakh per annum and Scale III vacancies is Rs.15.86 lakh. The officers are also entitled for medical facilities, leased accommodation and other allowances.

Eligibility criteria

Candidates interested in both MMGS Grade III and Grade II posts have to posses CA / ICWA / ACS / MBA (Finance) or equivalent post graduation degree in finance. The course should be of 2 years full time duration. Courses completed through correspondence / part-time are not eligible. The institute should be recognized / approved by Government, Government bodies / AICTE.

The candidates interested in Grade III post should posses minimum five years post qualification experience as an executive in supervisory / management role in a schedule commercial bank / associate or subsidiary of a schedule commercial bank, or a public sector financial institution/ company or listed financial institution / company. Out of these five years, a minimum two years experience in corporate / SME credit is desirable. Candidates having experience in processing of credit proposals are preferred. Age limit for the post as on March 31, 2017, is between 25 years and 40 years. Read more