So you graduated from college and found a job. It provided a good salary, job security, benefits, and it was close to home. It was the perfect job! So why are you now considering a career change? Well, there could be several reasons. More than likely, your current job isn’t as perfect as you thought it was. Yes, good pay, stability, and convenience are important, but you’re now finding out that there’s much more to a fulfilling career than stability. Or it may just be that you’re bored and need a change – it does happen. Whatever the reason, you want to make sure that (1) a career change is the answer and (2) your new career addresses the issues that have driven you to the crossroads where you find yourself.
The following are 5 tips that will help you make a successful transition.
1. Look at the issues that are pushing you toward a career change.
When contemplating a career transition, the first thing you should do is determine what has caused you to be unhappy or discontent with your current situation. At the same time you should also consider what it is that you do enjoy about your current job. Almost everyone making a career change can put together a list of reason’s they need to make a change, but most can also think of quite a few things about their current job that they enjoy. It’s important you do both. Are you not making enough money? Are you unsatisfied with your company’s management? Are you sick of the people you work with? Once you’ve compiled a list of the pros and cons of your current career, ask yourself whether or not these issues are likely to get better or worse once you change careers. Are you likely to make more money by changing careers? Is the work environment going to be substantially better? Are the people you work with going to be more enjoyable? Also, will your new career provide all of the benefits of your last career? In about fifty percent of cases, making a career change does not improve an individual’s situation – and in some cases it gets worse. Make sure that pursuing a new career is the right answer. Once you’ve determined that it is, make concrete goals to support your career change and don’t look back.
2. Work to understand your inner critic
Take some time to determine what is really preventing you from reaching your career goals. Sometimes it isn’t your career that is keeping you from the career success or wonderful life you envision, it’s you. Are there other professionals in your career finding success? Have you been passed up for promotion opportunities by individuals who you perceive as less qualified? Are you making less than what you were expecting to make before getting into your current profession? Are you finding it difficult to get along with the people in your field of work or at your company? These are just a few of the questions you should ask yourself before looking to a new career as the solution. If you can answer yes more than one of these questions, there is a good chance that things won’t improve even after finding a new career. If after analyzing your current career you come to conclusion that the issues driving you to a career change are intrinsic to the career itself, then by all means start exploring new career opportunities.
3. Recognize recurring patterns in your life
Don’t jump ship immediately. Take some time, while at your current job, to better explore what it is that you seek in a career and work setting, and what really fulfills you. Don’t start searching for a new career based on a momentary whim or because you’ve had a bad week or tough project. Once you’ve begun entertaining the idea of changing careers, just sit back, focus on your current job for a while and observe what it is about your current situation that you don’t like, as well as what you do like. Keep a detailed record of what you discover. This will help you identify what exactly it is you need to look for in a new career. Individuals who are hasty about their career change often find themselves several months, or even years, later back in a career they don’t like.
4. Network and investigate career interests that map to your goals and needs
After you have discovered what you are seeking in a job and work setting, try to locate a few careers that meet your criteria. Also take some time to meet with professionals working in careers you are considering in order to find out what they like and dislike about their jobs. Take time to evaluate any career meeting your criteria, so you do not rush into another unsatisfying situation. Investing the time to investigate different careers by meeting with industry professionals will also help you start developing a professional network that can launch into a great position in your new career field.
5. Make a plan that takes your current and future financial situation into account.
It is not easy making a career change so consider all costs associated with transitioning into a new career. You may have to go back to school, move, or acquire a loan to meet your new career objectives. Be realistic about your finances during a career transition. When considering any potential career, you’ll also want to think long and hard about what your earning potential will be. When individuals move into a new career field they are often not as experienced as other professionals who have been working in the career for many years. Will your earn as much in your new career as you do in your current job? Taking a paycut can make a new career unsatisfying for some. Just make sure you know what you’re getting into and be prepared.
Here are twelve resume mistakes that people make when writing a resume and/or filling out job applications.
1. Sending informal emails with poor grammar, lack of capitalization or punctuation, and lack of proper greetings and closings.
Are you writing to your potential employer on facebook? Or filling out your application via text message? If not, then your potential employer probably won’t appreciate receiving an email that starts with “Hey.” Even with highly qualified applicants, correspondence matters. The content of your email is the employer’s first impression of the person behind your resume. Err on the side of professionalism.
You’re thinking: My resume and qualifications are great, and this is how everyone writes these days.
We’re thinking: This person either can’t construct a grammatically correct sentence or is just too lazy. Either way, how is someone who is that unprofessional before they’ve even interviewed for the job going to behave once they’re on the job?
2. Sending an over-done graphic-design resume with an artsy, colorful background. Or, worse, sending a video resume or a brochure about yourself.
Congratulations, you can use Photoshop. Unless you’re applying for a position in graphic design, it’s not exactly relevant. Resumes have a simple, straightforward and pretty standard format for a reason. Your potential employer probably has better things to do than scroll through pages of brightly colored graphics just to figure out if you’re qualified for the position. If you really feel the need to jazz it up a bit, stick with a simple, low-key design that doesn’t distract from the text.
You’re thinking: I’m awesome. This makes my resume really “pop” and stand out from the crowd. It’s sure to get me noticed for creativity and innovation.
We’re thinking: You might think you’re awesome, but saying it out loud never helps. Besides, this makes my eyes hurt and it’s too much trouble to go through.
3. Listing completely irrelevant skills, hobbies, and interests on your resume.
While there is nothing wrong with having a “Hobbies and Interests” section on your resume, ask yourself if what you’re listing there is relevant to the job and makes you stand out. For example, saying “reading” is your hobby isn’t likely to pique an employer’s interest. Detailing your skills in ancient weapons techniques and firearms also isn’t likely to get you very far if you’re applying for a job teaching kids.
Make your hobbies and interests specific and try to communicate, even briefly, how they can be relevant to the job you are applying for.
You’re thinking: Listing my interest in puzzles and board games shows that I am a well-rounded person with varied interests and abilities.
We’re thinking: How does this person think that this is in any way relevant to this position? Do they even understand the position they are applying for?
4. Sending documents and information that isn’t required for the application process.
Unless they specifically ask, most employers neither need nor want your birth certificate, your religious affiliation, your vaccination history, or information about what you had for breakfast. Believe it or not, employers actually think about and consider exactly what information they need, and then ask for exactly that. Following the application instructions will impress potential employers a lot more than a scan of your official black belt certification.
You’re thinking: I’m proving that I am proactive, fully prepared, and thorough.
We’re thinking: All we asked for is a cover letter, resume, and photo. This person can’t follow simple, straightforward directions.
5. Contacting every single person at the company that you can possibly find an email address for.
Spam isn’t good on sandwiches, and it’s not any better in a job application process. You might not think of it as “spamming” the employer, but contacting multiple people at an organization asking the same questions is sure to be interpreted that way. Furthermore, it is a surefire way to annoy everyone in that office. If a position lists a particular person to contact, then contact only that person.
You’re thinking: This shows that I am persistent and serious about getting this position.
We’re thinking: Why do we have 15 emails from this person? Can’t they make up their mind on a department/position and stick with it?
6. Demanding a higher salary, increased benefits, or specific job preferences before you’ve even completed an interview—or even completed your application!
Often, the compensation that you receive for a job is negotiable. Sometimes benefits are fixed. Either way, making specific demands, or stipulating that you will only apply for the position if you are granted certain preferences makes a pretty bad first impression.
If you don’t think the position as described is a good fit, don’t apply. Wait to discuss how you deserve double the salary they are offering once you’ve completed your first month or two at work, wowing everyone with your brilliance.
You’re thinking: I’m more than qualified for this position, and I deserve better benefits than those listed for this position.
We’re thinking: We haven’t even interviewed this person yet, and they’re making demands of us? How difficult is this person going to be to deal with once we’ve actually hired him?
7. Putting inspirational quotes on your resume or in your emails
Showing some personality on your resume is cool. Quoting The Big Lebowski, not so much. Your uniqueness should come out in your accomplishments, hobbies, and in your cover letter. We’ve had people quote movies in the text of their emails, put inspirational quotes in the header of their resumes, and fill their email signatures up with their personal insights on life. Unless you are applying to be a motivational coach, keep your inspiration for yourself.
You’re thinking: I’m showing my insight, personality, and worldliness by quoting Nietzsche.
We’re thinking: What is this person trying to prove? I am inspired to hit the delete key…
8. Writing a one-sentence cover letter
A cover letter is a standard part of any job application process. It is your chance to introduce yourself and explain why you are a good fit to a potential employer. It is also often the first thing that an employer looks at, before they even see your resume. The point of a cover letter is to show you’ve done your research, understand the position you are applying for. It’s a chance to prove you are serious about the position. Take the opportunity to sell yourself, tell your story, demonstrate your qualifications, and link it all with the opportunity you are applying for.
You’re thinking: My resume clearly shows I’m qualified for this position. The cover letter is just a formality, so I won’t worry too much about it.
We’re thinking: If this person can’t take the time to write a couple of paragraphs explaining why they want to work here, they must not be that serious about getting the job.
9. Sending an inappropriate or unprofessional photo
If a photo isn’t specifically asked for in the job application process, don’t send one. If it is asked for, make sure that it portrays you as professional and personable. Send a photo where you are dressed nicely and smiling. Use your judgment. If the company you are applying to is a smaller, more casual company, then a more casual picture is appropriate (not too casual, though!). If it is a large corporation, your photo should look as professional as possible.
Here are a few examples of things your photo should never include: Animals, costumes, alcohol, any form of swimwear, your significant other, a gaping hole where your ex-significant other was clearly torn out of the picture! In short, just because it is appropriate for facebook does not mean it is appropriate for a job application.
You’re thinking: I look awesome in this photo!
We’re thinking: If this is the sort of photo they send with a job application, I can’t even imagine what sort of stuff they have posted elsewhere!
10. Sending a blank email with documents attached
Chances are that whoever you are emailing gets quite a few emails every day. Typing a simple greeting, explanation of who you are and what you are sending, and a formal closing saves that person from having to hunt through past emails and documents just to figure out who you are.
You’re thinking: Attach, send. Done. Easy.
We’re thinking: Who are you? Why are you sending me this stuff?
11. Using a cute email address for correspondence
You might think you’re being unique by having an email address that stands out, but make sure that it’s an appropriate email address. Email addresses like cutiepie@ and ladiesman@ will do everything but impress a potential employer. An email address that makes a potential employer fear a future sexual harassment charge against you is not likely to land you an offer.
You’re thinking: This is a cute email address that everyone is sure to remember.
We’re thinking: We’re not going to tell you what an employer might think. Trust us, it’s not flattering.
12. Sending your resume out to numerous employers in the same email
Flat out, this is not cool. This is the quickest surefire way of having someone delete your email as soon as they have received it. Employers likely know you are applying with several companies, but if you are trying to save time by writing one email to five employers about five different jobs and can’t take the time to actively inquire about one position, it’s highly unlikely you will get an answer.
You’re thinking: I’m being productive.
We’re thinking: This person isn’t serious. They’re just fishing for information. I’m not going to compete with all of these other companies for the attention of someone who can’t be bothered to apply for a position directly with us. Next, please.
Avoiding these mistakes is as easy as stepping back for a minute, proofreading, and engaging your common sense. Otherwise, you might give your potential employer a good chuckle when they see the funny face you’re making while you hug your favorite puppy, but that’s not likely to get you an interview, let alone a job offer.]]>
Do hiring professionals even read cover letters for senior candidates anymore? Some say yes; some say no, they don’t bother unless the resume in question has grabbed their attention.
The simple answer is that you should assume your resume will merit a look at your cover letter; always include one (either as a separate document or an e-mail that acts as one); and make it exceptional, so you stand out from the crowd. TheLadders talked to hiring and career management professionals to find out exactly how a good cover letter is laid out and what it contains.
The salutation is your first chance to make contact with a hiring professional, but it’s one spot where laziness often wins out over due diligence. We’re talking about the “Dear Sir or Madam” approach. What this generic salutation says isn’t positive: Namely, that the author couldn’t be bothered to find out the hiring manager’s name.
Abby Kohut, president and staffing consultant at Staffing Symphony, suggests job seekers can easily locate the right person online: “To find the name of the hiring manager, try searching on Google or LinkedIn,” she said. “Even a good guess scores you points because it indicates that you tried harder than everyone else.”
Why do you want to work here?
Kohut recommends that job applicants make sure to mention the name of the company in the letter, followed by an explanation of why they’re interested in working there. “Make sure that you really mean what you say,” she said. “Recruiters have a way of sensing when you are being less than truthful. Our goal is to hire people who sincerely want to work at our company — it’s the job of your cover letter to convince us.”
Bombastic claims are just as bad as insincerity. Brooke Allen, a hiring manager at Maple Securities, said he hates it when job seekers claim in their cover letters that they’re his “best candidate.” “How can they know without evaluating all my candidates?” he asked.
You also need to make a sales pitch as to why the employer should want to work with you, Kohut said.
“Your letter should explain what you can do for your ‛customer,’ not what you are selling,” she said. “The key is to give the reader a small glimpse into your background, which encourages them to want to learn more by reading your resume.”
Length and format
Job coach and author Susan Kennedy, of Career Treking, provided this outline for a good, succinct cover letter:
Introduce yourself and state why you re writing; you are enthusiastically presenting yourself for a job, and your background makes you the best candidate. List a referral source if possible.
List your value to the company. Describe how you will contribute to the company from Day One. This should be based on research of the company and job. Share knowledge of the company’s goals, accomplishments and opportunities.
Call to action. Ask for the interview and state when (exactly) you will follow up.
If you are responding a job posting, Kennedy recommends a column approach. Below is a sample of how that might look, with bulleted lists of requirements and descriptions of how your background matches them:
Job Requirements: 1-2 years of general accounting experience.
Your experience: Tracked expenses and all financial reporting for a government subcommittee.
Job Requirements: Attention to detail.
Your experience: Edited manuscripts to ensure American English vs. British English.
Kennedy notes that cover letters “can also be used to bridge your background and the job.” She offered up an excerpt from the cover letter of a client with a degree in political science who wants to get a job in the video-gaming business:
“As you can see, my resume is attached. But what you won’t see on my resume is my passion for video gaming: it is how I see the world. My analytical skills and attention to detail will enable me to help solve the caller’s problems and ensure a high-quality product.”
Perfect spelling and grammar are mandatory
A cover letter is “a writing-skills evaluation in disguise,” Kohut said. “When recruiters are faced with large stacks of resumes for new positions, you’ll never make the first cut if they notice even one spelling or grammar mistake on your resume or cover letter.” Make sure that even an e-mail is scrupulously proofread.
Tactics hiring professionals love
Sometimes a gesture can impress a hiring professional. Kohut was once beguiled by a candidate who read her LinkedIn profile and saw that she had won a ping-pong tournament. “He sent me a ping-pong paddle in the mail and wrote a cover letter with ping pong-themed language in it,” she said, including sentences like these:
For Allen, the most effective cover letters are those that do one of the following two things in one sentence or two: They make a compelling statement that begs a response, or they ask a question that must be answered.
“A good approach is to ask for clarification of a point that makes it clear they have done their homework, as in: ‘Your ad said X while your Web site said Y … Could you help me understand Z?’ ” he said. “I believe the goal of the job seeker is to start a conversation rather than just throw a resume into a pile.”]]>
The 14 tips outlined in this article are designed to help you restore the balance — and harmony — in your work and personal lives, so you can enjoy both to the utmost.
Step 1: Set your priorities
Figure out what you want your priorities to be, not what you think they should be. Ask yourself, “If I could only focus on one thing in my life, what would it be?”
That answer is your top priority. What would you focus on second? Third? Fourth? Fifth? You’ve now identified your top five priorities.
For one week, track how you spend your time. How much time do you spend doing things that don’t matter to you? Or that don’t align with your priorities? Eliminate these things from your life, or delegate them.
Forget multi-tasking. It’s not possible to focus on two things at the same time. Instead, devote your full attention to the task at hand.
When you are working, work. When you are spending time with your family, focus solely on them.
Book some time to play tennis with a friend, go to an art museum, or have a massage. The activity doesn’t have to be time-consuming, complicated, or expensive.
Put aside an hour on your schedule to read a book, take a walk, or just to be alone.
An emergency would most likely have to come up before you’d reschedule an important work meeting. Give your own time the same respect.
Once you’ve put private time on your schedule, protect it, unless there’s an emergency.
Lack of sleep, poor nutrition, and bad exercise habits can cause you to feel a lack of balance in your life, and can counteract any efforts you are making to achieve work-life balance.
At the very least, take two weeks off from work per year. You don’t need to go far and you don’t need to spend lots of money, but you do need to recharge your batteries in order to be the most productive, creative, and happy person possible. Turn off your cell phone and computer, and enjoy.
Tell your boss, family, friends, colleagues, and anyone else involved in your life that you are seeking a better work-life balance.
Tell them what your plan is, and ask them to respect it.
A personal coach can assess your current work-life balance, and can tell you what you can do to achieve optimal balance.
It may feel counterintuitive to add another activity to your life, but exercise relieves stress, clears your mind, and ultimately makes you more productive.
Don’t skip it. You’ll find that you greet work, family, and personal commitments with renewed vigor.
Today’s technology can make the line between your work life and personal life quite blurry.
Turn off your cell phone and laptop when you’re at your son’s soccer game, and ask friends and family not to interrupt your workday unless it’s an emergency.
Do you know someone who has it all — a successful career and a terrific personal life?
Ask him or her to give you advice on career development, setting priorities, and time management.
Don’t acquiesce to every request that comes your way. If it doesn’t fit into your schedule or align with your priorities, don’t overwhelm yourself by taking on more.
Achieving work-life balance is a never-ending journey, and your needs will be different at different times in your life.
Set aside some time once every other month or so to reflect on your current balance, what you would like it to be, and what the plan is for arriving there.
Achieving balance in both your work and personal lives allows you to perform optimally in both areas.
When you follow the 14 tips in this article, you’ll have the strategies and tactics necessary to achieve the balance you desire.
This module will allow a person to submit an online application for transportation of mortal remains of deceased emigrant. Post successful submission of the application in the system, a unique Application Reference Number (ARN) is generated by the system. Online tracking of application is possible through ARN. The online application is processed by the concerned Indian Mission electronically through the system. Applicant receives updates through email and SMS facility. The applicant can view the update status of the case by using track system facility and can subsequently submit additional information also. Indian Missions are required to update the status and action taken on daily basis. If Mission do not do this, alerts go to them automatically from the system. The software module also enables the Indian Mission to file death reports in host country based on information received from sources other than the family of the deceased.
The application will be closed only after mortal remains are either transported or the Mission provides valid reasons for not being able to transport the same.
The system has also been linked with the Overseas Workers Resource Centre (OWRC) which is an information facilitation as well as complaint redressal centre for the emigrants. Those who cannot fill the information directly on this system can provide the information to OWRC on toll free no.
(1800-113090) and OWRC would submit the same information
Just got your first job? 10 tricks on making it an ace career
If getting a job can be tough, establishing a career is no easy task. When you’re starting out, and during your first few years, it’s important to make sure that you move in the forward direction and not sideways. Here’s how:
No credit card please
Trace the reason for the recession that has engulfed the United States. You’ll find one straight answer — plastic money. Being dependent on one is the biggest mistake you’ll ever make. A credit card can be your best friend, but also your worst enemy. Your bills may get paid, but your debt will grow. Once those interest rates make an appearance on your balance sheet, you’ll be desperate for cash. When you tip over, you won’t be making career decisions, you’ll be out to make a quick buck. At 50, you’ll look back and realise you didn’t pursue a career, but chased money.
Have an open mind
Being flexible means you’ll be able to choose jobs that you find both, interesting and challenging. The experiences and the knowledge you pick up from different environments and management styles will build a good base for the future and an understanding of what’s out there. There are many different types of careers out there, and you won’t know which ones suit you, if you don’t give them a try.
Every office is different. Some demand you to a stick to formal attire, while few don’t mind if you wear a pair of floaters and shorts. Doesn’t matter what the dress-code is, the key to office fashion is to always try to be one of the better dressed people in the office. Even if you wear a uniform, wear make-up or accessorise yourself well.
If you want to move up the ladder and be respected by your colleagues, you need to be liked. Take the time to get to know at least a few people at work, learn as many names as possible and be friendly. No one’s going to invite the grumpy cat out for postwork drinks. Note: Most networking happens away from formal work situations. Take the time to have lunch with colleagues, or head out for some coffee together. But don’t get too friendly. Maintain a cordial, yet professional relationship.
If you can become known as the guy who’s always coming up with cool ideas that nobody else does, you’re going to be in demand. People who can think flexibly and come up with original solutions to problems always stand out from their peers. So increasing your creativity will make you invaluable to the company and give your career a boost. Practise brainstorming sessions with yourself during your spare time. Come up with potential situations and get yourself to find fresh and unique perspectives on them.
Keep setting new targets
It’s easy to find yourself drowning in day-to-day tasks and forget to set long-term goals for yourself. But if you want to be successful, you need to establish different career milestones and work toward them. You can be content with what you do, but there’s always scope for improvement. The worst thing you can do at work is simply execute without thinking — you’ll be frustrated, that you won’t grow, and that will impact your performance.
Strike a healthy work-life balance
A job can be taxing, sometimes. You need to be careful to walk the fine line that allows you to excel at work, but have enough time to enjoy your life. With the increasing use of smart phones, people are finding it difficult to disconnect. You don’t want to be that guy who’s checking his email on a date or WhatsApping when your mum is trying to speak with him. Both, your work and your home life will suffer.
Be physically strong
A big part of maintaining a worklife balance is finding the time to stay in shape. You won’t believe how many people start piling on kilos after working in an office for a few months. More jobs require you to stay put in front of a computer — and with hectic schedules, your workout time usually disappears. But be sure you make time to exercise.
Take the high road
After sheltered academic life, there is a big bad world out there, where there politics rules. You have to subtly let people know about your accomplishments and hard work. And there will come a time in a person’s career when he’ll have to walk into his boss’s office and ask for a raise. Hard work is important, but you need to stand up for yourself and for your ideas. Do it respectfully.
Eye that promotion
You don’t have to be overly ambitious to have goals. But always remember that you are in a job to grow personally and professionally. Find a person in your field whose work you admire and keep working like them. You’re not being greedy if you are thinking of a promotion. You are just keeping yourself motivated to work harder.
With these additions, the total number of people it would employ will reach 90,000.
Technopark, which is poised to celebrate its silver jubilee next year, currently provides direct employment to 45,000 IT/ITeS professionals through its 330 IT companies.
With the completion of ongoing construction this year for companies TCS, Infosys, UST Global, Tata Elxsi, IBS and Technopark’s Phase III building, around 45,000 additional direct jobs will be created, leading to a total of 90,000 direct jobs and 3,50,000 indirect jobs.
Technopark CEO K.G. Girish Babu said the capacity built during the last 24 years would be doubled during the next two years in terms of employment through companies located in the IT park.
Technopark’s export turnover during the financial year 2013-14 could be around Rs.5,000 crore as compared to Rs.3,500 crore in 2012-13. It has also added 1.1 million sq ft of built-up space during this period.
Under Phase I and II of Technopark, construction of buildings on a total area of 2.5 million sq ft is in progress and will be completed within a year.
The companies building their own campuses are Infosys, TCS, UST Global, Tata Elxsi and IBS.
“With the commissioning of the Twin Towers – Ganga and Yamuna – a capacity of 8,500 seats has been created in Phase III. This iconic twin tower, the most modern green building built by the state government, will also be filled by 2015. A total of 40 companies have been allotted space in the new Twin Tower. Another 18 companies are to commence their operations shortly,” said Babu.
With an yearly rental income of Rs.49 crore, the annual turnover of Technopark has been pegged at around Rs.100 crore, which includes income from power, water and maintenance services, that has helped it to continue its profitable operation since 2001.]]>
BANGALORE: Handloom and Textile Technology has invited application for three year Diploma Course in Handloom and Textile Technology for the academic year 2014-15 from the eligible candidates. The eligibility for submission of application is pass in SSLC or equivalent examination with English as subject of study. Aggregate of marks obtained in the qualifying examination shall be the basis for determination of merit.
As per the guidelines the students will be paid a monthly stipend of Rs 400 to 500 during the coures of study, Hostel facilities are also made available on payment. Age limit for admission is between 15 to 23 years for general candidates and 15 to 25 years for SC/ST candidates as on July 1, 2014. A total of 42 candidates will be selected to study the above courses.
Completely filled applications are required to be sent to “The Principal, Karnataka Handloom Technology Institute, Narasapur, Gadag-582102″ The last date of receipt of applications in on or before 12-06-2014. says a press release issued by Commissioner for Textile Development and Director of Handlooms and Textiles.]]>
State Bank of India, the country’s largest lender, plans to recruit about 7,200 people even as nearly 8,100 members of its staff are due to retire during the current fiscal, as it seeks to increase its dependence on technology for a number of routine tasks.
“I am trying to get a lot of technology to help my people so that they spend less of their time on activities that don’t really need a lot of thinking and knowledge. For routine stuff such as cash counting we are bringing more and more machines,” said SBI chairman Arundhati Bhattacharya, adding the bank should be able to manage with the number of people it planned to hire during 2014-15.
The bank plans to install cash deposit machines, which will reduce the use of teller counters manned by bank employees. It is also bringing in cash recyclers – where the ATM uses the deposited money for withdrawals. “These machines (cash recyclers) can recognise fake notes and impound them and credit your account lesser by that amount. We will be bringing in around 4,500 cash recyclers,” said Bhattacharya.
Although the entire banking industry in the country is facing a manpower shortage, the situation is particularly acute in state-owned banks where, according to an estimate by Mckinsey India, 75% of the top management or those above the assistant general manager grade are due to retire by 2020. “In FY15, SBI is planning to recruit about 1,837 probationary officers and 5,400 assistant officers,” J N Misra, SBI’s deputy managing director and corporate development officer told ET on the sidelines of a conference held by SBICAP Securities last week.
In the previous fiscal, the SBI’s 7,600 staff members retired while 35,000-40,000 are due to retire over the next four years. This will happen at a time when new private entities like Bandhan and IDFC, which have already got banking licences from the Reserve Bank of India, will seek to compete with the established banks and are likely to offer higher remunerations to draw talent.
The central bank also plans to issue differentiated bank licences like a standalone payment bank in months to come. That will further push up the demand for human resources and banks offering better salaries may corner the lion’s share from the limited talent pool.
SBI’s Misra, however, said the bank would not lose manpower to the new banks.
“I don’t think attrition rate will go up at SBI due to the emergence of two new banks,” Misra said. SBI offers a salary of about Rs 70,000 per month to fresh graduates who join as probationers.
“At SBI, the overall attrition rate is just at 2.3% while it is 6-7% for those new employees who are joining as probationary officers. I have interacted with new employees with two-three years of experience. They are happy with the exposure they are getting at SBI,” he said.]]>
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