THE PRESENT CHANGING EMPLOYMENT MARKET
The Insurance Sector
Insurance today encompasses a variety of services from life and health to travel and house insurance. Fresher's and graduates wanting to become insurance agents should take a qualifying exam. The agent's task is to sell insurance policies other task is to sell insurance policies on behalf of the company and act as a consultant to customer. Other openings in these areas is that of a development officer who deals with marketing and getting new clients, a professional underwriter who assesses risks involved in the business, an administrative officer who deals with the registration of claims and policies and checks details for the insurance company and a surveyors, to become which one he/she must complete a degree or a short term programme in actuarial science.
The Call Center Sector
A company’s first interface with customer is the call center. Call center executives are often fresh graduates and sometimes undergraduates who have knowledge of computer and are trained to respond to Customer queries promptly, politely, using state of art telephony and computing technology to give correct information. Those willing to work in day and night shifts, with good interpersonal skills, language proficiency, good vocabulary and accent, a polite manner and sales skill can think of beginning their careers in this industry, which offers attractive pay and package.
The Non Governmental Organization Sector
A graduation in social work, psychology or any other related field, coupled with a genuine interest in helping people, patience, the ability to be empathetic and to be able to provide hope and relief, makes one eligible for entry level jobs in NGO’s and social welfare organizations. You will know if your heart goes out to the needy, physically or mentally challenged people, juvenile delinquents or the poor!
The Business Process Outsourcing (BPO) Sector
One of the most sought after industries today is the BPO sector. To it’s credit is the fact that it has created immense work opportunities of youngsters as well as experienced professional. The concept of BPO has come in vogue because companies world over have realized that even minuscule operation need storage for smooth functioning. BPO’s in India have helped them achieve this increase in productivity are reduced costs. A fresher usually joins the sphere as a process associate or analyst and works on processing applications related to areas of finance, banking others, maintaining a high level of accuracy.
BPO Sector: The sector is likely to employ 23 lakh people by 2010. Owing to soaring property prices, rising wages and high attrition rates, companies tend to move to Tier II cities of India.
KPO : Knowledge Process Outsourcing is emerging as lucrative job destination for the youth. KPO may touch $10-12 million by 2010, creation 2.5 lakh jobs spanning different backgrounds as science, engineering, law, accounting, pharmaceuticals, not to speak of technological stream. Legal field is sure to boom, netting around 80,000 jobs by 2010.
The Human Resource Sector
The hugely growing HR and recruitment companies are today themselves hunting for good resources to services them. Placement agencies often require the services of graduates or postgraduates utilize them in their head - hunting or recruitment campaigns for job openings in organizations. The job profiles of these youngsters vary from analyzing client requirements in the context of job openings. Doing the preliminary short listing of profiles of candidates, checking the availability and interests of candidate their resumes to the client.
The IT Enabled Services (ITES) Sector
The huge demand for manpower by companies abroad wanting to provide information and support services to their customer using technology has led to ITES becoming a booming sector in India with it’s large English speaking workforce is servicing such companies in the sphere of interaction transaction, customer interaction service, technical support, business process outsourcing besides others. The field is a more stable one for youngsters and even offers entrepreneurial opportunities to the technically qualified.
There are many more opportunities in Services Sector
Finance professionals are in great demand. Maximum demand comes from sectors like banking, trading and real estate. The financial sector is estimated to hire lakh people this year.
Another new economy sector is the retail sector. Bharti Enterprises on a tie-up with Wal-Mart forecasts a Billion Dollar market by 2010. Two million jobs will be created by 2010. A healthy off-shoot will be the spurt in advertising industry throwing up a vista of opportunities. Client servicing, creative department, media department, production, television, photography, market research, exhibition, event management and direct marketing constitute the job profile. The sector lacks training facilities. Indian Retail School (IRS) in New Delhi and various other Institutions are providing training in Retail Management in many states of India.
Hospitality : With business travel on the up, hotel industry would require a workforce of around 95,000 by 2010. Graduate from Home Science, Commerce, Physics and Engineering can look forward to suitable openings at different levels of work.
Entertainment Industry is churning out handsome jobs potential for RJs, DJs and sound engineers. Close to 3 lakh professionals will be employed by the year 2010. 30% per year growth has been recorded by the animation industry.
Aviation Sector is growing at a whopping 25% a year, creating new job opportunities. Alteon Training, a subsidiary of Boeing Company forecasts that number of pilots required in India will increase from 3000 to 15,000 in coming years. Cabin crew, airline managers and ground staff constitute the rest.
Top 10 Emerging Career Options for the youth of India
1. Software Engineering
2. Call Center
3. Animation/Graphics
4. Hotel Management
5. Advertising
6. Tourism Management
7. Radio Jockeying
8. TV Presentation/Journalism
9. Investment banking
10. Fashion Photography
There are more of emerging in various sectors such as -
a) Retail in one of the emerging sectors, say employers.
(b) According to Placement agencies, hotel, management is one of the top emerging sectors.
(c) For course counselors, investment banking is one of the emerging sectors.




