Posted By : JobGuarantee Blogger

Posted On : 26-Sep-16

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A career in banking sector is promising, enterprising and respectable. In the year 2016-17, banking industry has witnessed a positive spurt in terms of development and growth. Banking, since ages has been considered to be sober profession where people have specific domains and have their own territories where they work and contribute in the day to day functions of a Bank. Simplicity and complacence were the two attributes that could well be related with banking prior to liberalization. Post liberalization and privatization era however, banking industry gradually gathered momentum in terms of competition, technology, technical advancement and introduction of various financial products to lure customers and regain its supremacy over other financial players that captured the market very fast. Nationalized Banks maintained the trust which they had developed over the years, but with better customer services, fast paced work environment and with technological advancement, private banks forayed rapidly in the market. Today, both private and public Banks work in tandem and offer great services, employment and impetus to the Indian economy as a whole. The most promising career is the hot trend in 2016-17 If we talk about the career trends in 2016, then a job in banking is the latest and the hottest trend amongst youth. The applications for the three coveted positions of Clerical, PO and SO have registered a sharp increase as compared to the data of the last year. Candidates are interested to apply for the jobs in banking irrespective of them being a nationalized or a private bank. Approximately 85000 vacancies have been declared by the Banks of both these sectors as such there is a plethora of opportunities for people who are interested to carve a career in this field. The most coveted and respected job. A change in perception With the rapid growth of the tertiary sector there has been a rampant growth in the auxiliaries to trade and the services related to customer satisfaction. IT, Telecommunication, hospitality, mass communication, digital media, entertainment, events, adventure sports are few of the challenging career options that encourages and attracted youth in this decade. Banking was taken as a boring career that did not promise challenging profiles to the millennials. The new generation was not comfortable working at a fixed regime of 10 to 5 and expected more freedom and variety in their work roles. Comprehending the changing demographics, Banks also evolved as a much sought after employers where they offered variety and challenges to the fresh graduates. There has now been a significant change in the perception about the banking industry. The recent recruitment trends suggests that people are now interested to join the industry owing to its intellectual application of acquired knowledge and expertise in different domains of finance, foreign exchange, plastic money, micro finance, investments and equity. The traditional banking functions being the core of this industry, are now supplemented with the gamut of other functions that makes banking a sought after career these days. Exciting and Interesting Job Roles in Banking Trending in 2016 Consumer Finance Managers with IndusIndBank, Retail Lending & Payments officer with Axis Bank, Modern banker program, Virtual relationship manager program from HDFC Bank, and many other senior positions with public sector banks are the recent trends of the banking industry. Year 2015 onwards has earmarked interesting and varied positions in the banking industry. Year 2016-17 has opened the gateways for engineers, finance professionals, IT experts, Sales and Marketing and other specialized professionals to enter the field of banking. The industry has witnessed a sharp increase in its peripheral functions and with digitization it has been a biggest employer of IT experts after IT industry. Want to Know more about Why Banking Remains the most sought after Jobs Public Sector Banks emerging as the biggest Recruiter in 2016-17 Many consultancies and recruitment trend setters have predicted that public sector banks have been adjudicated as the biggest recruiter in the year 2016-17. Approximately 5 to 7 lakh people are expected to be recruited by the public sector banks during this fiscal year. This trend has been attributed to the Government’s attempt to take rural banking to each and every possible village of India. Special emphasis has been outlined by the ministry of finance that people should be encouraged to open Bank accounts to maintain transparency in terms of linking subsidies directly to the account holders moreover, insurance, education and farmer’s loans would also be provided at a better pace if people start operating their bank accounts. Expecting a huge requirement in the manpower, banks have declared the vacancies that have given an impetus to the recruitment industry. Lower Tier Cities to be major beneficiaries: A trend of 2016 Another important trend of the year 2016-17 is that unlike hiring restricted to metro cities, this time of the year is witnessing increased hiring in the tier 2 and tier 3 cities as well. The government officials have made it very clear that banking should accessible to each and every Indian irrespective of the region or place the person belongs. Due to this banks have started operations in tier two and tier three cities as well with increased number of branches in every city. Competition is one aspect, Government mandate is the other element that is making banks increase their hiring plans as they have to open lot if branches in districts of the developed cities as well. Apart from this, other fact that remains crucial is the majority of the banks officials are about to retire. This retirement creates a lot of room in the lower ranks as the hierarchy is pushed upwards creating lot of vacancies for the new entrants. Learn some of the best Certificate Courses in Banking that can help you to build your career Online Recruitment Trends A very significant trend that has been observed during the fiscal year 2016-17 is that Banks prefer online recruitment model over traditional format. From applications to interview the recruitment process is now digitized and the candidates need to just apply on the respective websites or the portals where the Banks have advertised their vacancies. Once the online application is done, the banks start their screening process and the deserving candidates get the positions. Transparency in recruitment has increased and only worthy candidates are able to secure their positions.



Posted By : JobGuarantee Blogger

Posted On : 24-Sep-16

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The trend of online learning is increasing as more students are finding it convenient over traditional courses. This prompted the higher-education institutions to enhance, elaborate and refine their offerings of online courses. Universities and colleges came forward to emphasize on developing complete online degree programs to award degrees through distance education. Student demand is one of the prime factors contributing towards the development of online learning. The students are looking for flexible scheduling and cost efficiency while choosing for a degree program. This further contributed to the tremendous growth and demand for online courses. Some of the key features of online learning that helped in making them so popular are as follows: Freedom from Location: Online courses give you freedom from the location you are in. For working professionals it often gets difficult to obtain a degree through traditional degree courses by attending colleges or universities. Online courses can be done from any location at your convenient time from home environment. Flexibility and Convenience: Online courses offer you the possibility of combining independent learning while spending quality time with your family or working full time. Usually all the online courses are designed specially to support self-study and can be personalized often according to individual needs of the students. In most cases, students are able to access the online courses as per their convenience from any location from where they can log on. This allows parents; professionals or working students attend classes on the move irrespective of their work schedule. All they need is a computer with Internet access to attend the online classes. Ease of access: Online courses often have fewer or less formal requirements to be eligible for accessing the course. This allows more students to access the courses easily than traditional courses. Students, who have failed to get eligible for traditional courses can also look for online courses to continue their studies or attain professional degrees. Moreover, these online courses are accessible to students whenever they require as the online courses usually have flexible sessions. Enrolled students are eligible to review lectures, comments, explanations and discussions with fellow students and the professionals. Students can also share individual views and notes with each other that further facilitate community learning. More options: Online courses offer more variety of study programs specifically designed for professional learning to choose from with the increasing need of online distance education. Sometimes courses offered through online platforms are not available through traditional degree courses. Student controlled study time: There are typical schedules of on-campus courses and those formats are generally more rigid, with shorter classes of approximately 50 minutes to two hours duration. Sometimes night classes may run longer (around three hours). In online education students can choose their own study time and avoid sitting for long hours in classes. The online lessons can be stopped or paused as per student convenience and restarted at will. Simply the online courses provide more time for the students to grasp the subject and clear the doubts while minimizing fatigue and boredom. Professional support and student enrichment: Attending online courses does not mean you are bound to study all by yourself. Online courses do offer support from university professionals, allowing individual feedback. Online courses are designed to increase student interactions and share diverse idea. It is easier for the students to approach teachers in online study mode through comments and support sections that help them to keep their study focus. Cost-effectiveness: The students may save additional money through online courses as they are not required to be physically present at the classes. This cuts the cost of transportation or babysitting and other associated costs involved in traditional courses. Moreover, online courses usually provide their own course materials and the students do not have to buy expensive textbooks. Online courses often contain e-libraries from where the students can have additional information as per their needs. Accessing e-textbooks are way cheaper than the traditional paper books. Since its onset, online courses and distance education have come a long way with more advancements are likely to come in the near future. Advocates of online learning are finding ways to enrich course materials while offering more convenience and ease of use to the students. They are working hard to minimize the present shortcomings of e-education through new technological advancements. E-learning is continuing to receive new added advantages for the students opting for online courses. Online courses have now become a great alternative to traditional on-campus study courses. So if the stringencies of traditional degree courses are hampering your goal of learning then just check out the vast supply of online courses on offer and fulfill your dream.



Posted By : JobGuarantee Blogger

Posted On : 21-Sep-16

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Recently the Goods and Services Tax (GST) bill is passed in the Rajya Sabha. The bill was initially presented in the Lok Sabha in December 2014 and since then it has taken almost two years to get it passed in the Rajya Sabha. The protest from the opposition is the sole reason for its delay as the current government is not in the majority in the Rajya Sabha. Since there are major changes proposed in GST as it required an established correction that needs it to get passed in both the Parliament house. So, the Government also required the support of the opposition parties causing the delay. However, the bill is passed eventually, after receiving support from all the states and it is likely to be implemented from April, 2017. What is GST? The GST is the biggest indirect tax reform that has taken place after 1947. It is prepared to bring an economic integration within the Indian economy. The main focus of GST is to streamline and merge the indirect taxation procedure and make it more powerful as well as much easier. After the introduction of the GST, now the Indian citizens will have to pay only one merged tax instead of various taxes (Central Excise, VAT or State Value-Added Tax, Octroi or Entry Tax, Service Tax and other indirect taxes). For both State and Central government levels, GST will be imposed on utilization, sale, and production of goods as well as services. In most of the developed countries, similar tax collection systems are in place to provide amenities and comfort to the citizens. This type of taxation also helps in maintaining distance from the double taxation system. GST will be payable on “transaction value”, which is the actual payable amount including commission, packing cost and all the other associated costs involved in the sales. The GST will be payable only at the last point of consumption and has two parts – the State GST and the Central GST. Thus, the GST will enable the State and Central government to implement and control separate taxes in one system. All organizations in India will benefit from the GST. Smaller organizations may enjoy the following benefits after GST implementation: Ease of starting a new business Every new business requires having a VAT registration from the sales tax department of the States. Previously, business running across different States has to face many issues because of the diverse application procedures and charges for sales tax department registration in each state. With GST, there will be a consistency in the registration process and the registration will be centralized. This will ease the process of starting a new business and expanding it to different States. Exemption for Small Businesses and Startups GST will increase the limit of tax exemption for companies with yearly turnover up to Rs 10 lakh. Previously it was yearly turnover up to Rs five lakh for which companies do not need to register and pay VAT. Besides, GST will allow organizations with turnover between Rs 10 to 50 lakh to pay tax at lower rates to give relief to newly settled business. Easy Taxation System Before GST startup, businesses need to invest considerable time and effort to deal with the different taxes at various stages. Often the procedures have been exceptionally unpredictable due to various strict regulations followed in different States. The complexity of tax processes has reduced after implementation of the GST as the tax payment has become less difficult. Both Sales and Services Relief for Business Some businesses such as restaurants need to pay the sales as well as service taxes and have to independently figure out the service charge and the VAT on both ends. This makes the procedure of tax estimations too intricate. With GST there is no separate services and sales tax, thereby making the tax computation much simpler. Want to Learn the Basics of Paperless PAN and TAN Application Process Reduction in cross country Transportation Cost Transport vehicles often get delayed while moving across States due to check post issues and small border taxes. With IGST the interstate development will become less tedious and less costly as there will be no border taxes. Therefore GST will reduce the overall expenses associated with maintaining high stocks because of the easy movement of commodities across states. As per the investigation by the CRISIL, GST can reduce organizations' logistics expenses by 20% (for companies delivering non-mass products such as manures, steel, nourishment grains, which are transported through rails or roads). Conclusion The Central and the State governments have come together to make GST a reality and believe that it will aid the new startups to spread businesses in a more feasible way. At first, states like Tamil Nadu having huge manufacturing businesses opposed the idea as they will face huge losses if the taxes are only collected at the destination and not at the point of origin. However, the assurances from the central government to pay compensations for the losses during the transition period to the state governments suffering the losses have paved the way towards the introduction of GST.



Posted By : JobGuarantee Blogger

Posted On : 19-Sep-16

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In today’s context, education has taken a paradigm shift imbibing a holistic approach towards individual’s development rather than only concentrating on the development of mental faculty related to the basic sciences, languages or mathematics. Once the child learns the basics of reading and writing, our schools make every possible attempt to make the child familiar with a gamut of subjects and practical learning that prepares the child for the forthcoming challenges. It is only with the higher education that every individual selects the subject and the stream of choice which carve out the future course of one’s life. Specific Learning Strategies Till high school, usually all the children of all the boards receive similar education. It’s only the difference in the environment and the pedagogy followed by separate schools that lead to the personality changes in the students of different regions and different schools. Graduation and post-graduation colleges with their myriad teaching methods, research subjects, experienced faculty, course content, learning environment prepare children to face the competitive corporate world. With the intense demand of nourishing the students in sync with the industry requirements, most of the post-graduate programs inculcate specific learning strategies to make the students more compatible to the industry demands once they graduate and look forward to initiate their respective careers. Industry-Integrated Internships To make the students learn industry driven practices and be able to perform from day one they join their respective organizations, majority of the colleges have initiated the concept of internships. Internships enable the students learn how to work in a company during their education so that they can co-relate theory with practical. With most of the colleges pressing for compulsory internships, students look for industry-integrated courses where they get an opportunity to learn, get an exposure and comprehend the corporate culture before actually beginning it on a formal note. Want to Know How The Employability Skill Test can help you go ahead in your professional career Learn the Management Concepts through Internships Students pursuing internship look forward to a handsome experience that makes them learn and perform simultaneously. It is not only a practical training that can be gathered within the college premises but it is an experience that is far beyond learning only the practical aspects of a job. Group dynamics, peer pressure, office politics, organization behavior are some of the other aspects that an intern learns during the internship that becomes one of the most valuable lessons for them. These management aspects can never be taught in the four walls of classrooms. The theoretical aspects can only be explained through books but the real application of the concept and the principal is understood only when one experience it live. This gets possible through internships which surely be done most sincerely and dedicatedly. How to make the most of your internship? Enrolling for an internship program is not sufficient. It is very important that you learn and gain maximum exposure from the internship program. Internship programs aim to orient the prospective employees to the organization, to make them familiar with the corporate culture and comprehend the management strategies applied in day to day decision making. The corporate also look forward to appoint interns in their companies as these interns bring a fresh perspective to the workplace and infuse it with lots of creativity and out of the box thinking approach. At times the novel suggestions and ideas prove to be very effective and worthy of implementation. Leveraging maximum from the internship you should follow few basic steps. We have discussed the five steps for how to make the most of your internship. Step 1: Select the Company for Internship as Per Your Interest and Future Career Plan It is very important for you to select the correct company for your internship. The industry experience that you gain through your internship should be in sync to the industry that you look ahead to work. For instance, if you are keen to work in the finance industry, then you should opt for a bank or an asset management company for your internship that would give you the requisite experience you are seeking for. If you plan to pursue a career in hospitality industry and you pursue an internship with a chemical plant, then the internship might not be very useful. So the first and the foremost step to make the most of your internship is to select the correct company/organization and the industry. Step 2: Be a sponge. Observe and accept everything If you want to get the maximum out of your internship then you have to be like a sponge. Your internship could be in any of the divisions like marketing, finance, sales, Human resources, IT, but you should be vigilant enough to observe what is happening around you in the entire organization. Learning from others is the best strategy during internship program. There is no need to feel offended if your suggestions or opinions are not regarded. Your objective during the internship should be of learning from all the spheres of working rather than just concentrating on only one element of your profile. Step 3: Develop Contacts. Start Networking One of the most important lessons that you have to learn during your internship is to develop contacts. Networking is an essential element in today’s corporate culture and the contacts that you make during your education, projects, research, internships and work experience make a real difference in your professional and social life. Start talking to people, gather their emails, interact with them, show curiosity to learn how well they work, compliment people for their hard work, be willing to support and help them. It will not only increase your network but also leverage your chances of getting post education job opportunities with the same organization. Moreover good contacts always bring lot of support, so develop a habit of being cordial and network voraciously. Step 4: Learn A Core Strategy. Apply Transfer of Learning Rule It is very important for you learn core strength and an expertise for your forthcoming career. The field of expertise can be developed only once you have an in-depth knowledge about a subject. The concept of “transfer of learning” must be applied and you should gain sufficient knowledge in any one of the core fields of your study. Step 5: Avoid Dummy Internships. Work In Real. Fancied Experiences Do Not Sell To make the most of your internship it is important that you actually toil as an intern. Most of the students take internship as a summer holiday program and prefer using certificates from their contact companies rather than actually experiencing the internship benefits themselves. If you want the internship benefits, you would actually have to work hard even if it’s your own father’s organization. Good brand names on your resume would not do much if you do not have any knowledge. So it is very important that you actually work and gain experience rather than escalating your profile through dummy projects and internships.

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