Posts Tagged ‘IT’

More Languages in Demand as Organisations Try to Beat Recession

Thursday, May 28th, 2009

The following article posted on ResponseSource.com explains that companies all over the world are recruiting employees with the ability to speak multiple languages. In today’s economy, being multilingual is an important skill now more than ever especially for a career in finance, sales, IT, engineering, or as a certified global business professional.

As UK companies look to overseas markets to maximise on business during the downturn, there has been a boost in demand for more exotic language skills, especially within the finance and sales sectors. That’s according to a new hiring trends report from multilingual recruitment consultancy Euro London Appointments

Dutch, German, Japanese and Russian remain popular languages within finance, but more generally there has been increased demand for Arabic, Gujerati, Polish, Czech, Cantonese and Korean as companies look to develop in new and alternative markets.

Although finance and banking recruitment, particularly within hedge funds and trading, has been badly affected by the economic problems, the report shows that demand in areas such as risk and compliance and relationship management has grown as these aspects of finance become increasingly important.

Demand for experienced candidates in digital media has also increased, as has requests for multilingual sales staff, as organisations look for ways to boost sales both at home and abroad. The online gaming sector continues to boom and is seeing continuing demand for linguists too. In the North West of the UK particularly, companies are facing a lack of IT and engineering professionals with language ability, mostly driven by a drop in the number of foreign nationals coming here.

“With the economic picture and the recruitment market varying so much across the globe, organisations in the UK are realising the importance of maximising on relationships with their customers overseas” comments Steve Shacklock from Euro London. “This is not only in Europe but increasingly across Asia too, making language ability an even more valuable skill than ever. It’s reassuring to see that despite the doom and gloom that we hear about the jobs market, that there is still demand out there for skilled and experienced candidates.”

The report highlighted similar market trends across Europe, with France seeing an increased demand for sales professionals and the online sector also expanding in Germany. Although their financial markets have been substantially affected, Luxembourg and Switzerland are still seeing demand for finance professionals, with Luxembourg seeing growth in accountancy and Switzerland experiencing a continued demand for risk and tax specialists.

Euro London’s Spring 2009 hiring trends report covers the job markets in the UK, Germany, Luxembourg, Switzerland and France.

Recession: Higher Education in Specialty Domains is the Answer

Wednesday, May 13th, 2009

This article from The Times of India says that the recession has taken a toll on the entire world. India is encouraging people to study in specialty fields such as nuclear engineering and nanotechnology or to pursue IT management certification. 

The slump in career prospects in the back drop of the global recession can be used to the advantage of individuals as well as of the nation, by opting for higher studies in specialty domains, said Arunkumar Khannur Chairman and CEO, ISQT Process and Consulting Services Pvt. Ltd., Bangalore.

Delivering a lecture on global recession and its implication on IT industry, which was organized by the institution of engineers here, Khannur gave a broad perspective of economic recession — the causes and its effects on industries and common public. Explaining the money movement and the financial linkages between different components of industrial system, he narrated the different happenings like inflation, deflation and stagflation.

Recession has hit the entire world. India is not an exception though the blow is not very severe. We have to plan and manage the situation intelligently he added.

There has been sudden reduction in career opportunities as the exports have dropped. However, there is still demand for graduates with competence in specialty domains like space engineering, nanotechnology, cyber laws, IPR, nuclear engineering, software technology and infrastructure management among others. The fresh IT graduates need not be scared about lack of immediate job opportunities. Instead, they can use this period to pursue higher studies and add to the professional competence. They should be careful in selecting the areas for higher studies and see to it that they get specialized in upcoming and potential domains. The fresh graduates should seriously consider joining public sectors like ISRO DRDO NAL etc., he stated.

Khannur mentioned that there will be improvement in the situation in a year or two. As a nation it is high time we take this recession period as a challenge and an opportunity and try to create Indian Brand. This will be a more sustainable solution.

A V Shivapur presided. Honorary secretary Mrityunjaya Kappali proposed vote of thanks. Gopalakrishna Joshi welcomed and introduced the guest. V K Parvati also spoke. The session was well attended by the engineers and engineering students.