Friday, March 27, 2009

Vanishing Jobs and the Downturn

The recession is for real down, and some experts are saying that this could turn into a depression anytime soon.
Whoever invested in the stock markets have burned themselves way above their fingers.
I experienced what they call catching a falling knife when I reinvested everything around July August 2008 even though I exited at a good time earlier that year. And the job market is just horrible.

The US legislators are reaching for the throats of Immigrant workers and their visas, and free markets are re looking at their model.
Never mind that the unemployment would have worse in the US if they had not outsourced a lot of their jobs thereby giving the developing countries a share of their unemployment.

All the jobs that have been shed in China and India would have been in the US but for outsourcing. Add to the fact that if they hadn't outsourced, their profits would have been even lesser or the losses more and that would have contributed to the job loss.

Back to India, the job losses are getting real. One of friends had bought a house on a monthly EMI of 50K and now he has been out of work for the past 4 months. There are rumors that some companies are having 25% salary cuts. Some have delayed or cancelled new hiring.

And friends and their friends never stop send me a resume or two every day. And these are all people with great academics and past performances, but hey are looking out at a time when people stick to where they are and no one is looking at their resume. The situation is bad, but when you write a resume that just don't stand out and which is 4 pages long, no one would look. Least of all in times like this when hiring is low, and there are lots of good people on bench.

But, that doesn't mean no one would hire. Many people won't know, but companies do look for people in times like this, because these are the times when great assets can be found without having to pay outrageous salary hikes. People get reasonable in times like this and these are the best times for talent acquisition. But how do you tell your potential recruiter that you are an Asset worth acquiring even in the bad times. You haven't even met your hiring manager? All he sees is an inbox full of potential candidates.

It is your resume that he sees before he decides to talk to your a position. And it is very important that you give an impression to the hiring personnel what kind of a person you are. Even before you have talked to him, you should have created a mental picture of yourself in his mind so that he remembers you from your resume.

It should be 1 page long, 2 at most and must tell in a few lines what you are capable of? The manager doesn’t actually want to read the description of your project but what you have achieved doing that project, what your MAJOR contributions were. You should also remember to mention all your pat achievements. That you stood first in a class of 80 should come clearly too.

And if you sound like what you written in the resume, then downturn or not you would have got the job!

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Blogger Anil P said...

True. First impressions better be lasting impressions.

15/6/10 7:17 AM  

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