Legal Process Outsourcing (LPO) is a growing business segment and is expected to generate an income of $640 million by the year 2011. The industry is also expected to be the fastest growing outsourcing business, according to a report released by the research agency.
The findings based on ValueNotes maintains that India is expected to have a major share in this forecasted revenue from LPO, which will also open huge employment opportunities in India.
"LPOs are seen as a more stable career option than opportunities in the mainstream IT and ITeS sector.
Unlike other segments in outsourcing, the LPO segment has seen a robust growth even during recessionary times, thus providing a stable career option," said Lokendra Tomar, Chief Operating Officer, Asia-Pacific, Integreon, a LPO firm.
The LPO industry will be generating employment opportunities for all the lawyersincluding lawyers, graduates, freshers and MBAs.
Agencies
Showing posts with label graduates. Show all posts
Showing posts with label graduates. Show all posts
Saturday, June 13, 2009
Friday, June 12, 2009
Why are IITians queuing up for PSU & defense jobs?
Call it an effect of sixth pay commission or recession. For the first time ever, 12 percent of the total recruitment at the Defence Research and Development Organization (DRDO) has been from the topnotch IITs of India. Every year, DRDO recruits 500 scientists for all of its 52 labs. This year, 60 of them have been from IITs.
In previous years, all the labs of the organization would manage to recruit one or two engineering graduates from the premier institutes. DRDO human resource officials told Times of India, "After the sixth Pay Commission, the pay, packages and promotion schemes were more streamlined and so was career growth. The scientists no longer have to wait for vacancies to get promotions. Plus, the allotment for awards for the scientists has increased to Rs 2 crore annually, double the allotment last year."
Sources said, "Seeing the economic scenario, IITians have flocked to the defence organization this year."
DRDO mainly recruits employees through a common scientist entry test and through campus recruitment across 40 campuses, IITs, central universities and others. The IITians were primarily recruited through the latter. The tag of IIT does not give any weightage in this recruitment process.
In another trend, 30 Non-Resident Indians (NRIs) were also recruited in 2008, of the 150 applicants. Most were to scientist D and E categories, some to science fields and engineering areas of R&D.
The DRDO also has the ROSSA scheme in place now. About 40 scientists, fresh PhD holders, were taken in under the 'registration of students with scholastic aptitudeï' scheme.
Even those who left DRDO for private sector are coming back. About 20 scientists are in line to be placed back.
Agencies & TOI
In previous years, all the labs of the organization would manage to recruit one or two engineering graduates from the premier institutes. DRDO human resource officials told Times of India, "After the sixth Pay Commission, the pay, packages and promotion schemes were more streamlined and so was career growth. The scientists no longer have to wait for vacancies to get promotions. Plus, the allotment for awards for the scientists has increased to Rs 2 crore annually, double the allotment last year."
Sources said, "Seeing the economic scenario, IITians have flocked to the defence organization this year."
DRDO mainly recruits employees through a common scientist entry test and through campus recruitment across 40 campuses, IITs, central universities and others. The IITians were primarily recruited through the latter. The tag of IIT does not give any weightage in this recruitment process.
In another trend, 30 Non-Resident Indians (NRIs) were also recruited in 2008, of the 150 applicants. Most were to scientist D and E categories, some to science fields and engineering areas of R&D.
The DRDO also has the ROSSA scheme in place now. About 40 scientists, fresh PhD holders, were taken in under the 'registration of students with scholastic aptitudeï' scheme.
Even those who left DRDO for private sector are coming back. About 20 scientists are in line to be placed back.
Agencies & TOI
Thursday, April 23, 2009
Wipro, HCL unlikely to make any campus offers this fiscal
To save on the cost of training, one of the leading domestic software exporter HCL Technologies said it will hire people 'just in time' of requirement rather than maintaining a bench.
HCL has been following the policy of just in time hiring, which has paid off well for the organisation, HCL Technologies CEO Vineet Nayyar said.
Declining to give a hiring outlook for the year ahead, Nayyar said the firm is unlikely to make campus offers.
"We have hardly made any campus offers... we have moved to the lateral strategy," he added.
Similarly, Suresh Senapaty, CFO of Wipro Ltd said the company will not hold any campus interviews this fiscal but will honour all the commitments made to 7000 fresh graduates last fiscal.
The overall global headcount of the company fell by 992, to 54,026, from December to March. However, the company clarified that it has not laid off any employee.
During the quarter the company has made a gross addition of 2,298 employees. In the BPO services segment, however, the headcount has came down to 11,426 from 12,750 in December.
Commenting on the BPO business, he said the company is trying to move away from voice-based services to platform-based services. So, it is unlikely that the company would make new recruitments for voice-based services.
Agencies
HCL has been following the policy of just in time hiring, which has paid off well for the organisation, HCL Technologies CEO Vineet Nayyar said.
Declining to give a hiring outlook for the year ahead, Nayyar said the firm is unlikely to make campus offers.
"We have hardly made any campus offers... we have moved to the lateral strategy," he added.
Similarly, Suresh Senapaty, CFO of Wipro Ltd said the company will not hold any campus interviews this fiscal but will honour all the commitments made to 7000 fresh graduates last fiscal.
The overall global headcount of the company fell by 992, to 54,026, from December to March. However, the company clarified that it has not laid off any employee.
During the quarter the company has made a gross addition of 2,298 employees. In the BPO services segment, however, the headcount has came down to 11,426 from 12,750 in December.
Commenting on the BPO business, he said the company is trying to move away from voice-based services to platform-based services. So, it is unlikely that the company would make new recruitments for voice-based services.
Agencies
Friday, April 17, 2009
Infosys to cut variable pay compenent
Infosys has cut the variable pay for employees, with the cuts being deeper at the higher levels. For senior executives, the variable pay, which constitutes nearly 50 per cent of their total compensation, has been slashed by 58 per cent.
“Some boardroom executives have even taken a 70 per cent to 85 per cent variable pay cut,” said T V Mohandas Pai, head of HR in Infosys. The company's hiring has been steadily declining.
In Q4, it added (net) only 1,772 people, compared to 2,772 in Q3, and 2,586 in Q4 of 2007-08. In the whole of 2008-09, it hired (net) 13,663 people, down from 18,946 in the year before.
The company maintained that it will not seek to trim its payroll by laying off software professionals. There will, however, be no salary hike this year, as the company plans to keep its operational costs under control.
“We are not laying off anybody and there are no such plans,” said Infosys Technologies HR-director, TV Mohandas Pai.
Infosys plans to hire 18,000 professionals in the current fiscal, including almost 16,000 fresh graduates and experienced hires. It will also recruit around 1,000 non-Indians outside the country to increase the number of foreign professionals in its workforce.
Times News Network
“Some boardroom executives have even taken a 70 per cent to 85 per cent variable pay cut,” said T V Mohandas Pai, head of HR in Infosys. The company's hiring has been steadily declining.
In Q4, it added (net) only 1,772 people, compared to 2,772 in Q3, and 2,586 in Q4 of 2007-08. In the whole of 2008-09, it hired (net) 13,663 people, down from 18,946 in the year before.
The company maintained that it will not seek to trim its payroll by laying off software professionals. There will, however, be no salary hike this year, as the company plans to keep its operational costs under control.
“We are not laying off anybody and there are no such plans,” said Infosys Technologies HR-director, TV Mohandas Pai.
Infosys plans to hire 18,000 professionals in the current fiscal, including almost 16,000 fresh graduates and experienced hires. It will also recruit around 1,000 non-Indians outside the country to increase the number of foreign professionals in its workforce.
Times News Network
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