The world of work – The new Paradigm

Change is the basis of evolution and the statement holds true be it in the world of work or in our personal lives. Globalization has changed the fundamental nature of doing business. It has redefined competition, shrunk the globe into one giant size mark et place and opened new vistas for learning.

The good news is that the global economy is dominated by people centric organizations which believe in harnessing intellectual capital to drive business enterprises. This has created a plethora of career opportunities and the need for multi skilled and versatile workforce with the right attitude to go places. However, the bad news is that, Labor supply exceeds Labor demand. In other words, Job security is a thing of the past, either you choose to continuously enhance your skills or be ready for the pink slip.

The work sphere has changed radically across the globe. Let’s take a quick glance at these changes and what it means for job aspirants

The employment landscape in India t oo has changed. The dotcom collapse, lull in the local market and recession in the U.S economy is a thing of the past. Foreign investments in every conceivable sector, increase in the purchasing power of a 250 million strong middle class has led to a conducive business environment, which in turn has created abundant job opportunities.

There are about 12 identified sectors which would be ruling the employment market in India for the next 5 – 10 years. These include IT, Organized retail, media and entertainment, BFSI, construction and real estate, ITeS, telecommunications, Travel and tourism, bio-technology, hospitality, healthcare and insurance. Jobs are available at entry, middle and senior management levels