CHALLENGES AND OPPORTUNITIES IN THE JOB MARKET

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CHALLENGES AND OPPORTUNITIES IN THE JOB MARKET
There are a host of new and emerging Challenges and Opportunities at the work-place. Obsolescence and change have a significant effect on both the decline of some professions and emergence of others. The new generation of employees has characteristics which are distinct from those of the earlier generation. Many employers attach great importance to Atitude, Emotion and work ethics. In fact they base their decisions of recruitment and promotion on the possession of these skills by job-seekers. There is considerable wisdom and advice, 'of successful professionals available for the benefit of all students or job seekers.

We live in a knowledge society. There is tremendous diversity in the matter of careers covering conventional as well as emerging fields.

The Goals of Education

There are several distinct Goals or Aims of Education:

● Individual Goal: to contribute to the development of the Individual, to make him/her self­-reliant.

● Social Goals: to provide education for: Citizenship, Social Efficiency and Social Service.

● Knowledge Goal: is related to acquisition of relevant knowledge.

● Moral Goal: is related to character formation.

● Vocational Goal: deals with the preparation of individuals for contributing to economic development and national wealth through productive employment.



A reciprocal relationship exists between education and employment - between educational planning and manpower planning. There ought to be a match between the knowledge and skills required by the different employment sectors; and the structure, content and Teaching-Learning processes provided by the education sectors. Any mismatch results in under-or unemployment, and frustrations and social unrest. It is necessary to provide feedback loops, and bridge the gap between education and employment through occupational training.



In the classical tradition, Education was not only for preparation for employment. In the post ­industrial era; formal education is a pre-requisite for employment. Educated and trained manpower is one of the major inputs for economic and social development. The employment sector is where an individual spends most of his adult life. The employment sector consists of different sub-sectors: Agrarian, Manufacturing, Business, Financial, Social and Public Services, etc. An efficient labour market must meet the requirements of both employers and employees. The employment sector must pride both opportunities and incentives to encourage the adaptability of the work force.



The Future of Work

The idea of restricting the concept of work to paid employment started about 200 years ago, and actually took off only after the industrial revolution. All other forms of work, especially housework and family work were looked down upon, and are not covered by statistics as indicators of prosperity and growth. In the long run, it is believed that the foundations of a society will emerge in which people’s work is divided in three ways: paid work, self-work and civic work.

Social scientist Imhoff predicts that in future, paid employment will only take up about 6% of people’s lives; they will be spending more time in education; paid working hours will shorten; and life expectancy will be longer. A 100 years ago, people spent 35% of their lives in gainful employment. Today, this figure has fallen to just under 13% - and is expected to drop to only 6% in future. It is asserted that Education should be regarded as an activity and as educational work.

In summary, society will recognize 5 types of work: paid employment; self-work; citizen to citizen work; community work; and educational work. This “work portfolio” could be linked to an equivalent “income portfolio”, with money-earning and money-saving component.

The number of self-employed people continues to grow; middle management is disappearing; many businesses are folding due to out-sourcing or down-sizing to core activities; opportunities for arbitrage are on the rise; and the international movement of labor and business continues to pick up speed. A consequence of all these will be the unassailability of full employment in the major old industrial countries”.



Job watch for the future

The following advice is given to prospective employees and job seekers, in a recent news report:

Hiring: Potential employers may reject you if you show any of the following qualities:

● You want very clear job descriptions and very clear lines of authority.

● You have experience in only one single function.

● Your work experience has all been in a single industry sector.

● You have worked in big firms; you haven’t experienced turbulent situations.

● You want permanent employment and not a contract.



Compensation: Your employer will be averse your asking for the following:

● A salary where the fixed component is high, the performance-linked part low.

● A package which has the firm taking care of issues like housing.

● The taxable component is low and the tax-free component is high.

● A salary structure with a minimum fixed increment every year.



Redundancy: You could end up losing your job even if you are doing well because:

● Your company is merging with another company.

● Your firm is moving into a new business, and your department doesn’t fit in.

● Your firm has dropped its plans for a new business and doesn’t need you.

● The work your department does can be outsourced.

● Internal restructuring to reduce the duplication in your company.



The right choice: In this report in Mid Day–September 6, 2001, four factors affecting Career Choice have been identified:



Talent: Two questions need to be asked:

● What are my strengths and weaknesses?

● How can I focus on my strengths and manage my weaknesses ?



Most people don’t choose their career, their career chose them. They got into a line of work, because they had to certain job, or somebody told them they’d be good at a certain job. For a fulfilling career, one must make sure that he/she is doing what he/she is good at. That way, one will enjoy doing it.



Purpose: Talents develop best in the context of interest. Choosing one’s work is the chance to do something meaningful and relevant.



Environment: It is necessary to figure out what work environment best suit one’s style, temperament and values.



Vision: Talent, purpose and environment are all about work style and work choice. Vision describes how work fits into the rest of life.



Emerging career options

Options on completion of UG degree: The following options present themselves to a Graduate:

● Job: In private sector, public sector, government (central/state), teaching, R&D.

● Self-employment; as an entrepreneurs.

● Training (Apprentice).

● Further Studies: In India or abroad (external brain drain); In Technology or Management or Business (internal brain drain). For most post-graduate admissions, an entrance examination has to be cleared (GATE, CAT, GRE, GMAT…).

The major measures of success are related to job satisfaction; money, prestige; reputation; image (as perceived by peers, society); leisure activities; ambition and its fulfillment; travel (particularly foreign travel); independence; (success of children).

Job Trends

News magazines undertake surveys and predictions of the hot job trends almost annually. Two such reports are summarized here.

Hot Jobs

The India Today – Millennium Series Vol. 3 – came up with the list of “10 hottest jobs”:

● Tissue Engineers (dealing with man-made skin; artificial cartilage; liver, heart, kidney tissue).

● Gene Programmers (dealing with digital genome maps that will allow technicians to create customized prescriptions; gene therapy; prevention of diseases, including certain cancers).

● ‘Pharmers’ (dealing with therapeutic proteins vaccine-carrying vegetables; drug-laden milk from cows).

● Frankenfood Monitors (dealing with fast-growing fish; freeze-resistant fruits).

● Data Miners (dealing with extraction of useful tidbits from mountains of data, pinpointing behavior patterns for marketers and epidemiologists).

● Hot-line Handymen (providing remote diagnostics to handle home electronics).

● Virtual-reality Actors (allowing these pros to interact with viewers in cyberspace dramas).

● Narrow casters–as compared to Broadcasters (enabling the current broadcasting industry to become increasingly personalized, working with advertisers to create customized contact).

● Turing Testers (enabling computer engineers to measure their efforts to mimic human intelligence, as suggested by Alan Turing).

● Knowledge Engineers (who are essentially AI brokers who will translate your expertise into software – and then downsize you!).



It is interesting to note that the first four relate to Biotechnology, while the rest relate to IT.

The same report also predicted that in the long run the following jobs will disappear:

● Stockbrokers, Auto Dealers, Mail Carriers, and Insurance and Real Estate Agents: The Internet will eradicate middleman by the millions.

The Hot Job Tracks Report of 2001 was based on The Week – TN Sofres Mode Feedback Survey on “Emerging Career Options 2001”. In this Survey, over 70 emerging career tracks were identified.

Some of the conclusions arrived at are:

● New technology is significan-tly affecting our lives.

● There is life beyond IT; and beyond traditional main-stream careers.

● For a creative, hardworking, enthusiastic person, the world is the oyster today.



The Survey identified the following 12 ‘hot job tracks’:



Design: with a scope encompas-sing: strategic corporate identity design; graphics; textiles; fashion design; industrial design; packaging; signage; environment design; media – print: film; internet and other digital interfaces; animation; web design; jewellery design.

Entertainment: animation; cable, satellite; film; FM radio; music; event management. Insurance: both life, and non-life insurance, with the scope including: marketing/sales executives; surveyor, loss assessor.

Healthcare: counseling (stress management, fitness); manager – hospital administration.

Infotech: career options in: network programming; installation management; internet applications; e-commerce; web security; IT-enabled services; CRM; data digitization; GIS; DSP; IT marketing; Technical writing.

Direct Sales – Consumer goods

Law: Modern law grads are joining the corporate sector as legal executives or legal officers, after specializing in corporate and international law.

Leisure: Customer Relations Executive: Travel and Tour Executive; Marketing Executives.

Media: Print, TV, online sources, with career options as: Online Editor, Content Specialist, Web executive; TV journalists.

Public Relations: Public Relations Officer/Guest Relations Officer; PR Executive.

Market Research: Marketing Executive; Research Executive.

Telecom: Marketing/Sales/Franchise Executive.

The new generation of employees

In their book: “Managing by Design”, R. Glaser and C. Glaser in the following characteristics of the ‘New Value of Employees’:

● Better educated, more sophisticated.

● More mobile, less loyal.

● Respect authority and establishing, time-honoured institutions and traditions.

● Choose a balanced life: allot equal time to work, leisure and family (personal relationships).

● Except psychic + monetary rewards from job.

● Assume entitlement to a middle-class life-style and above.

● Seek more open, authentic relationships at work.

● Insist on personal uniqueness.

● Want meaningful, relevant work.

● Strongly desire participation in the decision-making process.

● Understand and will pursue legal rights.

● Prefer not to defer gratification of personal needs.

● Are more autonomous, less dependent.

Job and Career Opportunities for Women

The hand that rocks the cradle rules the world, says the proverb. But over the last couple of decades, that hand has stretched beyond the cradle to reach out and grab the world. More and more women have not only stepped out of their cradle-rocking roles to slip into the world of work, but have silently made sizeable inroads into the traditional male bastion.

Economic liberalization and the new freedom mantra has thrown open a new world of market opportunities for women. There is virtually no field of enterprise that women cannot enter, and fewer restrictions and pressures. Today like never before women in India can do any job they set their minds to.


Author:
Prof. (Dr) P.K. Dutta
source: http://www.employmentnews.gov.in/career_details-challenges-and-opportunities-in-the-job-market-183-176-in.html
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richest in the world





Effective Writing tips

In our society, the study of language and literature is the domain of poets, novelists, and literary critics. Language is considered a decorative art, fit for entertainment and culture, but practically useless in comparison to the concrete sciences. Just look at the value of a college degree in English versus one in computer science or accounting.

But is this an accurate assessment of value?

Language is the primary conductor between your brain and the minds of your audience. Ineffective language weakens and distorts ideas.

If you want to be understood, if you want your ideas to spread, using effective language must be your top priority.In the modern world of business and politics this is hardly ever the case. In many instances, imprecise language is used intentionally to avoid taking a position and offending various demographics. No wonder it’s hard to make sense of anything!

This is hardly a recent problem, and as George Orwell wrote in his 1946 essay, Politics and the English Language, the condition is curable. By following Orwell’s 5 rules for effective writing, you’ll distinguish yourself from competitors and clearly communicate your ideas.

1. Never use a metaphor, simile, or other figure of speech which you are used to seeing in print.

This sounds easy, but in practice is incredibly difficult. Phrases such as toe the line, ride roughshod over, stand shoulder to shoulder with, play into the hands of, an axe to grind, Achilles’ heel, swan song, and hotbed come to mind quickly and feel comforting and melodic.

For this exact reason they must be avoided. Common phrases have become so comfortable that they create no emotional response. Take the time to invent fresh, powerful images.

2. Never use a long word where a short one will do.

Long words don’t make you sound intelligent unless used skillfully. In the wrong situation they’ll have the opposite effect, making you sound pretentious and arrogant. They’re also less likely to be understood and more awkward to read.

When Hemingway was criticized by Faulkner for his limited word choice he replied:

Poor Faulkner. Does he really think big emotions come from big words? He thinks I don’t know the ten-dollar words. I know them all right. But there are older and simpler and better words, and those are the ones I use.

3. If it is possible to cut a word out, always cut it out.

Great literature is simply language charged with meaning to the utmost possible degree (Ezra Pound). Accordingly, any words that don’t contribute meaning to a passage dilute its power. Less is always better. Always.

4. Never use the passive where you can use the active.

This one is frequently broken, probably because many people don’t know the difference between active and passive verbs. I didn’t myself until a few months ago. Here is an example that makes it easy to understand:

The man was bitten by the dog. (passive)The dog bit the man. (active).The active is better because it’s shorter and more forceful.

5. Never use a foreign phrase, a scientific word, or a jargon word if you can think of an everyday English equivalent.

This is tricky because much of the writing published on the internet is highly technical. If possible, remain accessible to the average reader. If your audience is highly specialized this is a judgment call. You don’t want to drag on with unnecessary explanation, but try to help people understand what you’re writing about. You want your ideas to spread right?

6. Break any of these rules sooner than saying anything outright barbarous.

This bonus rule is a catch all. Above all, be sure to use common sense.These rules are easy to memorize but difficult to apply. Although I’ve edited this piece a dozen times I’m sure it contains imperfections. But trust me, it’s much better now than it was initially. The key is effort. Good writing matters, probably more than you think.

I hope you find these rules helpful, and through their application we’re able to understand each other a little bit better. If you enjoyed this post, be sure to read Orwell’s original essay. It contains many helpful examples and is, of course, a pleasure to read.
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American investor Warren Buffett has been named by Forbes as the world's richest man with a wealth of $63bn (£31bn)
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Mexian telecoms tycoon Carlos Slim Helu took second spot. He's worth $60bn
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Bill Gates ($58bn) fell from the No 1 spot to third place
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Steel magnate Lakshmi Mittal was fourth

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Fellow Indians Mukesh (right) and Anil (left) Ambani of Reliance Industries were fifith and sixth
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Mainland China's richest person is Yang Huiyan (right), just 26 years old
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Facebook founder Mark Zuckerberg, 23, is the youngest billionaire on the list
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South African mining magnate Patrice Motsepe is one of three black Africans to appear on the list for the first time
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The Duke of Westminster (46th) is Britain's richest man. His property portfolio is worth $14bn

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