[study_hard]

Originally Posted by rudraksh123

Some very good points bro.!!
especially abt the outsouring deal.. true we depend on US for projects but then they dont have the man power nor the talent to handle those projects so they eventually have to turn to India.
And yeah... it definately has not had a negative impact coz if there was one, most of the BPO companies would have gone down .. rather they are still recruiting.

Recruiting...
it's again hyped. We being in industry as freshers better know. No new recruitments, salary cuts of the people on bench, no projects to work upon and imagine the pathetic condition.. no stationary even . Our seniors were given a project the next day they completed their training. My batchmates in Wipro are still awaiting joining while MBT took back its offer. And what about Satyam? Would it have been crumbled the way it did have there been no recession?
If companies are really recruiting then why such a hue and cry here and there? US doesn't have any other option than outsourcing.. true but remember Obama's views on outsourcing? What when he comes into power?

About IT companies removing people or cutting down on costs, I see it as more of a reason for them to do something they wanted to do.
Everyone knows the IT serivices companies in INDIA, especially software testing and development do recruit in bulk even if the actually manpower required is very less. Eventually people are kept on bench and then finally kicked out when a company goes in for "Cost Cutting!"

Is that the reason why people aren't being hired by the companies even in the IITs and IIMs? Mere cost cutting preventing them from hiring the best brains? Recruitment was done in bulk because of the expected boom and because of the optimistic view that projects will be outsourced to India. Once recession held the entire economy in it's grip, comapnies had to lay off employees. A renowned airlines proposing to have no airhostesses at all in their flights.. what would you call that? Do they recruit air hostesses in surplus?

Phew I guess it's enough for now...
Continue puys..

[meetjal]

Originally Posted by study_hard

And what about Satyam? Would it have been crumbled the way it did have there been no recession?
If companies are really recruiting then why such a hue and cry here and there? US doesn't have any other option than outsourcing.. true but remember Obama's views on outsourcing? What when he comes into power?

Is that the reason why people aren't being hired by the companies even in the IITs and IIMs? Mere cost cutting preventing them from hiring the best brains? Recruitment was done in bulk because of the expected boom and because of the optimistic view that projects will be outsourced to India. Once recession held the entire economy in it's grip, comapnies had to lay off employees. A renowned airlines proposing to have no airhostesses at all in their flights.. what would you call that? Do they recruit air hostesses in surplus?
Continue puys..

The major reason for Satyam's decline is not the recession. May be it added fuel but it was not the major reason. And companies are still recruiting but specifically a particular bunch of people. And hence you see "hue and cry here and there". Recruitments are being done round the clock. and with all respect the last few statements of yours are contradicting. Sure, Satyam (and many others) recruited many 'unemployable' freshers and thats how the thing goes and would go if recession wouldn't hit. The problem lies in the lack of a contingency plan that should have been put into effect. Result: The worst ever. Laying off 'recently' recruited freshers. And when the same thing comes to airlines, air hostesses are the first target and thats obvious. A company would always get rid of the least required people. That doesnt mean that they were recruiting them in surplus.

[study_hard]

Originally Posted by meetjal

The major reason for Satyam's decline is not the recession. May be it added fuel but it was not the major reason. And companies are still recruiting but specifically a particular bunch of people. And hence you see "hue and cry here and there". Recruitments are being done round the clock. and with all respect the last few statements of yours are contradicting. Sure, Satyam (and many others) recruited many 'unemployable' freshers and thats how the thing goes and would go if recession wouldn't hit. The problem lies in the lack of a contingency plan that should have been put into effect. Result: The worst ever. Laying off 'recently' recruited freshers. And when the same thing comes to airlines, air hostesses are the first target and thats obvious. A company would always get rid of the least required people. That doesnt mean that they were recruiting them in surplus.

Yes that's my point too. Recession did help Satyam and Lehman Brothers going bankrupt. They were weak no doubt, but hadn't it been the recession they'd have survived and who knows survived for long. Contingency planning rather lack of any kind of planning was the main cause of recession. There was no economic watchdog to handle the boom the global economy was enjoying. Result recession...
The thing is... if not recession the same unemployable freshers would've been in their cubicles working hard for the company. Recession made these people obsolete. And why won't companies still employ people, after all they got to do their work done. But just compare the ratio of the present and past hirings... Also people who are fired are people who have enough experience in the company. Take GL for example.
As you rightly mentioned only quality people are being hired. What about others? Isn't it the ill-effect of recession?
I never said companies recruited in surplus, in fact I said that companies recruited that many people because they were needed in large amounts before recession. Came along recession and a wholly new picture was painted.
Again I say.. we've the power to overcome recession but still we aren't completely insulated by it's ill effects and talking about the advantages of recession, there's no cloud without a silver lining.

[rudraksh123]

Originally Posted by study_hard

Yes that's my point too. Recession did help Satyam and Lehman Brothers going bankrupt. They were weak no doubt, but hadn't it been the recession they'd have survived and who knows survived for long. Contingency planning rather lack of any kind of planning was the main cause of recession. There was no economic watchdog to handle the boom the global economy was enjoying. Result recession...
The thing is... if not recession the same unemployable freshers would've been in their cubicles working hard for the company. Recession made these people obsolete. And why won't companies still employ people, after all they got to do their work done. But just compare the ratio of the present and past hirings... Also people who are fired are people who have enough experience in the company. Take GL for example.
As you rightly mentioned only quality people are being hired. What about others? Isn't it the ill-effect of recession?
I never said companies recruited in surplus, in fact I said that companies recruited that many people because they were needed in large amounts before recession. Came along recession and a wholly new picture was painted.
Again I say.. we've the power to overcome recession but still we aren't completely insulated by it's ill effects and talking about the advantages of recession, there's no cloud without a silver lining.

Well.. I strongly believe companies do recruit in surplus, at least in few IT domains... so all recession has done is that it has stopped the surplus requirement..
When you say some xyz people not getting their offer letters or whatever.. i have seen this happening since I am in this IT industry.. Yeah its happening a bit more... n datz d surplus requirement..!!

About exp ppl getting fired (it happened but is very rare..), well now when finally a company goes in loss or makes low profit, all they try is to maximise profit.. so they try to eliminate all the elements which dont give them profits anymore..!!

And I guess we are discussing more with respect to IT... remember there are other industries also.. I frankly cant comment coz i dont have any more info about them... Hope some1 puts some light on the same..

[atul011]

I applied for 1 course and paid using credit card..do i need to take a printout and send it also??

[ayush123]

Originally Posted by atul011

I applied for 1 course and paid using credit card..do i need to take a printout and send it also??

nop....

Thanks

Regards
Ayush

fellow aspirant

[ayush123]

Originally Posted by rudraksh123

Well.. I strongly believe companies do recruit in surplus, at least in few IT domains... so all recession has done is that it has stopped the surplus requirement..
When you say some xyz people not getting their offer letters or whatever.. i have seen this happening since I am in this IT industry.. Yeah its happening a bit more... n datz d surplus requirement..!!

About exp ppl getting fired (it happened but is very rare..), well now when finally a company goes in loss or makes low profit, all they try is to maximise profit.. so they try to eliminate all the elements which dont give them profits anymore..!!

And I guess we are discussing more with respect to IT... remember there are other industries also.. I frankly cant comment coz i dont have any more info about them... Hope some1 puts some light on the same..

Nice discussion going on buddies...
Well just came in and it seems that u people have said enough points on recession...hope to get in the next discussion..let start with the next topic..
any idea about the results or the cut-offs announcement??
it seems that scit people have still not barred the payment process..don't know what's gng on???

Regards

Ayush

fellow aspirant

[rohit.r6]

Ok, lets start with a new topic
we had a good number of views on recession

Foll is wat i suggest

" Do Advertisements influence???"

[poojadatta]

My take on Do Advertisements influence???

My take would be yes it does influence to some extent.
Advertisements has both pros and cons but i think it has more benefits.
Benefits
1) Specially now a days they are showing educational ads like save girl child, polio dose on time, heart patients preventive measure on private channels which were previously shown only on DD and most of customers are now more inclined towards private channels.
2) Ads like insurance, raise in interest rates help customer to know what new is happening
3) There is great amount of revenue collection in the ads which if used properly can be a great benefit
4) Plus right now ads are so much in demand it increase the employment both on screen and behind screen.
Disadvantage
I can see one disadvantage right now is there can be unnecessary wastage of money in buying things which we already have or which we do not need that too just for the temptation of buying something new in the market.

[contactansh]

Guys plzz suggest me...
m getting ->

SNAP SCORE - 56
OTHERS - 20
TOTAL - 76