Curated by the Knowledge Team of ICS Career GPS
Career
Hiring intent for junior level talent rises for Jan-Mar on positive biz sentiments: Report
Excerpts from a PTI report published in outlookindia.com
With most of the sectors and establishments getting back on their feet, a report has revealed that the intent to hire junior level talent during January-March has increased by 7 per cent compared to the October-December 2020 period.
“Junior level talent with a work experience of 2-5 years is likely to be the most sought-after resource this quarter,” mentions the TeamLease Employment Outlook report.
“While the hiring intent for entry, mid and senior has risen by 2 per cent, 4 per cent and 2 per cent, respectively, the intent to hire junior talent has increased by 7 per cent,” it reads.
Positivity in job market
In fact, positivity is visible across industries, cities and even job roles. However, it will be cautious optimism, the report added.
The positivity in the job market is attributed to business recovery, strong foreign direct investment (FDI) inflows as well as the thrust from the government towards creating a positive regulatory ecosystem, it pointed out.
The TeamLease Employment Outlook report is a forward-looking study reflecting the hiring sentiment across 14 cities and 429 businesses across 21 sectors like educational IT, healthcare and pharmaceuticals, ecommerce and technology start-ups, financial services, manufacturing, engineering and infrastructure, knowledge process outsourcing, BPO/ITeS, telecommunications, fast moving consumer goods, retail (essential), logistics, agriculture and agrochemicals among others.
Bengaluru and Delhi lead the trend
Similarly, the report stated that the optimism is much more evident in the metros and tier I cities, mainly led by Bengaluru and Delhi, with a 10 per cent point increase each.
From a sector point of view, out of the 21 sectors that have been reviewed, healthcare and pharmaceuticals, educational services, e-commerce and technology start-ups, IT, FMCG, knowledge process outsourcing and telecommunications seems to be taking the lead in terms of intent to augment manpower.
“The resilience of India Inc coupled with movement in the discovery of the vaccine seems to be having a positive impact on the intent to hire. In fact, the majority of the sectors have indicated an intent to invest in manpower acquisition indicating buoyancy back. While signs are encouraging, it is still too early to predict how much more time will it take to return to the pre-Covid levels,” TeamLease Services co-founder and executive vice president Rituparna Chakraborty said.
Education
What you should teach your teen about credit and building a good credit profile
Excerpts from article by Ashley Wehrli, published in moms.com
There has been a lot of controversy on whether school prepares teenagers for real life. High school and college prepare them with a set of very specific set of skills that is usually geared towards a specific career. There are certain things that they need to know that they don’t always cover in school, so it is up to parents to show them the way. Handling their finances is definitely one of them.
When it comes to credit, adults know how important this can be in life. It is what is going to let you take out loans, buy a car and buy a house. However, a teen must be taught how to build credit.
Credit doesn’t equal money
According to the Government of Canada, teaching teens about credit may involve a long conversation about credit cards, and it may be a good place to start. Credit cards are likely the most popular form of payment across the world. You just swipe a card, and pay for it later. While this is a great way to earn credit, there is a lot of responsibility to owning a credit card.
If your teenager thinks he/she is ready for a credit card, you need to make them understand the importance of paying off the balance every single month. If they do not pay off the balance, they are likely to accrue interest, and this will affect their credit score. If a teen can not pay off their entire balance every month, it is a sign that they are spending more than they can afford.
What can hurt their credit
If we are teaching them how to build their credit, we also need to teach them how they could hurt their credit. According to Experian, there are some factors that can greatly affect credit scores, and this is what teens need to know. There is payment history, which is the most important. It is important that a teen maintains a good record of paying their bills, and that by just missing one payment can have a large impact on their credit scores.
Another thing that can severely impact a credit score is having too many credit accounts. If a teen thinks they can beat the system and have more than one credit card, then he/she can be been seen as a financial risk.
Credit myths to clear up
Just like with most things in this world, there are myths about credit that your child may have heard through the grapevine. There is a common misconception that if you make the minimum payment on your bills, your credit score will be fine.
This is not true and teenagers should be encouraged to make large payments, well above their minimum payment. Credit companies look at the amount of debt owed and not the amount that has been paid. If you can get the debt paid down, the credit needle score goes up.
(Disclaimer: The opinions expressed in the article mentioned above are those of the author(s). They do not purport to reflect the opinions or views of ICS Career GPS or its staff.)
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