A to Z for Global Meldown

Dear Friends,
I got this wonderful link for the given subject. As we know we are about to launch our professional career. In the process we will challenge many tools for screaning in an interview as like Group Discussion.
If we would be able to give something more than the selection board's expectations, it can be a strong reason for our selection. It is difficult to accept but we know that the general mindset of industry people--HR students have a less exposure in Finance World.
So to break this myth for us, we should be very handy for finacial and economical trends. Do visit to this link which will be very beneficial to all of us.

http://www.rediff.com/money/lehman.html

Global meltdown to affect MBA placements

With the global financial crisis hitting several sectors, top management institutes are worried it will adversely affect the job prospects of their students, who are expecting a drop in the number of offers and the level of pay packages. Several top notch companies have already conveyed their intention to freeze campus placements, while some have decided to hire a limited number of candidates in the final placements.

Management institutes like the IITs fear the hike in average pay packages could reduce by 20 per cent, whereas students are apprehensive of a more severe downturn.

"The market meltdown will definitely affect the final campus placements with indications that companies would squeeze their requirements to a bare minimum. Companies, which had recruited five-six students during the last campus placements, may now restrict the number to one or two," Prof Sourav Mukherjee, placement chairman, IIM-Bangalore, said.


Pay packages for fresh students may not be as attractive this time. For the last five years, the increase in annual package offered to fresh graduates used to be in the range of 20-30 per cent, but now it could be in the range of 10 per cent, with average salary being Rs 14,00,000," said Prof Sushil Kumar, placements chairman, IIM-Lucknow

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Retrenchment shadow falls on HR personnel

With most companies either retrenching or freezing recruitment plans, human resources personnel across sectors are a worried lot.
Recruitment-related HR executives are being moved to other HR functions like training and development and other day-to-day HR functions, or being taken on contract. If things worsen, there could also be layoffs.

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TO START OR NOT TO START?

A downturn is both a good and a bad time for entrepreneurs. It throws up numerous opportunities but also seperates the wheat from the chaff.

STARTING a business may not be the most important thing on the minds of salaried professionals worried by future layoffs by cost-conscious employers in a downturn. But for those wanting to turn entrepreneurs for some time, this could actually be the right opportunity to jump right in—with the right kind of business models. While starting a new business in these difficult times, one needs to understand that people are spending less, and more carefully too. “A smart entrepreneur will look at opportunities that didn’t exist till now. Whenever there is a mess, there is an opportunity to think out-of-the-box,” says Saurabh Srivastava, founding member of the Indian Angel Network.

Innovation In designing the Office of Today

What if you step into your office building, one fine day and find out that the entire appearance of the office has undergone a major makeover? You find that all the glass cubicles have been dismantled to create more open space and you now share your workstation with your CEO! Your canteen has a LAN connection and you are encouraged to work using your laptop, sipping cappuccino, while being seated cozily on a beanbag. Your boss encourages you to have your weekly brainstorming sessions at the office recreational centre, while working out on the treadmill. Your new office is swanky, contemporary and stylish!

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