There is a great change in the Job scenario in the last decade.
• Growth of service sector, especially IT. In spite of the recent recession in the US economy, IT has been growing at an explosive rate with the requirement for skilled manpower in this sector desperately falling short of demand. As a result, countries that face such a shortage are busy recruiting manpower (on work permits) from countries, which have an adequate supply.
• Growth of service sector, especially IT. In spite of the recent recession in the US economy, IT has been growing at an explosive rate with the requirement for skilled manpower in this sector desperately falling short of demand. As a result, countries that face such a shortage are busy recruiting manpower (on work permits) from countries, which have an adequate supply.
• In this era of global village, a person today is a global citizen going and living where his/her career aspirations take him/her. One’s country of birth is no longer the default choice to pursue a career in. Thus, we have people born in one corner of the world migrating and pursuing successful careers in another part of the world.
• Knowledge about Information, Communication and Entertainment, commonly referred to as the ICE Age has become increasingly important, rather inevitable for the students, specifically with the onset of IT.
• The focus today is on acquiring multiple skills and cross functionality rather than specializations: Today organizations are not made up of different departments each of them having a focused task and a limited role; instead today they are made up of teams. These teams consist of people who although have specialized skills but have to synergize their efforts in achieving a common goal.
• Knowledge about Information, Communication and Entertainment, commonly referred to as the ICE Age has become increasingly important, rather inevitable for the students, specifically with the onset of IT.
• The focus today is on acquiring multiple skills and cross functionality rather than specializations: Today organizations are not made up of different departments each of them having a focused task and a limited role; instead today they are made up of teams. These teams consist of people who although have specialized skills but have to synergize their efforts in achieving a common goal.
• Liberalization, Privatization and Globalization (LPG) are also opening new opportunities for different people. Procedures like deli censing encourage entrepreneurial activity, which leads to a lot more people taking initiative and exploiting their talents to their fullest potential. It is astonishing how many 21-year-old millionaires exist today and it is anybody’s guess how many more are expected tomorrow.
• Increasing presence of women in the working force plus increasing presence of women in areas traditionally considered male bastions for e.g. the armed forces.
• As the standard of living is increasing throughout the world; people are moving away from pure monetary considerations while considering a career. True, monetary considerations are still very important, but the weight age of other factors like emotional satisfaction, spiritual fulfillment etc. is increasing. Furthermore acceptance of these factors in a career decision is universally increasing and today a parent is more considerate and open, if his/her teenager states the desire to become a DJ, instead of a Chartered Accountant.
• Increase in pay packages plus increase in working hours but with increased flexibility.
• It has been propounded by most of the management gurus that emphasis of the next decade would shift from design and technology to happiness and aesthetics, clearly indicating the trend that one's job should match one's potential and interest rather than be decided on one's whims and fancies and dictates of peers and the available norms. Consequently there has been increased job/career switching for various reasons ranging from growth prospects to personal factors like need for creativity etc.
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