IT recruitment industry is at the peak of its hiring and many IT consultancies and job portals have come into existence to make most of the bounty situation. But one such unique job portal that stands out from the rest of the crowd is our ‘My Joining Bonus’ job portal. All other job portals charge money from the client companies and give job opportunity for the IT job seekers. ‘My Joining Bonus’ is a unique job portal, which belongs to the third generation of IT consultancies. My Joining Bonus not only gives job opportunity for IT job seekers for free but also gives them 25% of their offered first month’s salary as joining bonus, which is a quarter of a month’s offered salary for the candidate.

 

 

Advantages of Using My Joining Bonus Job Portal Over other Job Portals:

  1. My Joining Bonus job portal is a unique job portal, which provides job opportunity for the job seeker along with a joining bonus of up to 25% of offered first month’s salary provided that the My Joining Bonus procedure given in the My Joining Bonus website is followed stage wise.

  2. As soon as the candidate registers with My Joining Bonus, the candidate will become an affiliate of My Joining Bonus.

  3. The candidate will not be charged any money at any stage of hiring in the My Joining Bonus job portal. In fact, the candidate will be entitled to up to 25% of offered first month’s salary as joining bonus.

  4. My Joining Bonus not only provides job opportunity to the registered IT job seeking candidates but also the candidate can choose any job offer of his/her choice.

  5. The hiring process at My Joining Bonus is completely transparent and the candidate can see at what position and what status, the candidate is at any given point of time in the hiring process.

  6. My Joining Bonus follows systematic skill mapping and study of behaviour traits for assigning a job opportunity to a given candidate and hence the candidate will be allotted with best matching job opportunity.

  7. Each registered candidate in My Joining Bonus will be assigned a personal recruitment relationship manager or RRM, who will guide the candidate throughout the My Joining Bonus hiring process.

 

Easy Steps for Hiring that is Appreciated by Candidates:

  1. The candidate registers at My Joining bonus by entering one’s PAN card number, mobile number, and email id. The profile of the candidate gets activated when the email id and the mobile number gets verified. The candidate should update the preferences page as a mandatory step. The candidate gets to the ‘Standard Mode’ at this stage. The candidate gets up to 5% of offered first month’s salary as joining bonus.

        

Note: # The PAN number helps us in avoiding duplicate profiles and is used in calculating Joining bonus.

# It is compulsory to update the preferences page as based on it, right kind of job of candidate’s choice will be mapped to the candidate’s account and the candidate can be helped in the interview process.

 

  1. In the next stage, the candidate needs to upload current company offer letter or hike letter as a proof of salary to get to ‘Reliable Mode’. The candidate should also upload a document indicating the candidate’s notice period like appointment letter or any such document and the candidate will get up to 10% of offered first month’s salary as joining bonus in this stage.

  2. The candidate is required to upload a document as a proof of resignation like resignation acceptance letter and another document as a proof of immediate availability like relieving letter to attain ‘Premium Mode’. The candidate is eligible for up to 5% of offered first month’s salary as joining bonus at this stage.

  3. In the final stage, if the candidate freezes an offer, which means that the candidate assures and confirms to accept a given offer in My Joining Bonus, 7 days prior to the earliest joining date, the candidate will get up to 5% of offered first month’s salary as joining bonus.

  4. Hence, at the end of the My Joining Bonus procedure being followed completely stage wise will fetch a joining bonus of up to 25% of offered first month’s offered salary for a candidate.

  5. If the candidate fails to freeze an offer in My Joining Bonus, the candidate will not be entitled to any joining bonus.

 

Because of all the factors already explained about My Joining Bonus, the candidates and the companies prefer My Joining Bonus job portal over other job portals. The main salient features are the option of up to 25% of offered first month’s salary as joining bonus and the transparency in the hiring process. The candidate will get best-suited job opportunity of the candidate's choice and the candidate will get a handsome joining bonus.

 

Hence, I suggest ‘My Joining Bonus’ to be the best job portal for IT job seeking candidates and all of them must get registered at My Joining Bonus website for getting suitable job offers along with up to 25% of offered first month's salary.

Working with reputed companies like IBM, Infosys, Wipro, and others is a big dream of job-seeking IT candidates. Work location matters less in the case of reputed companies for job aspiring candidates. But when it comes to mid-level and lower level companies, the candidates always think regarding commute to work. In the case of reputed companies, the candidates relocate to nearby areas of the work location due to the lucrative salary, perks, and other benefits. The smaller companies struggle hard to catch on much-needed talent.

 

Role of Work Location in Hiring

The job seekers will always look out for a work location nearby their place of stay. Candidates always prefer to join a company, which can be easily reached by means of a car, two-wheeler and public transport. They will not be willing to travel more than usually, they are doing now. For reputed companies, the job seekers forego location when compared to position. Some job aspirants in smalls towns and cities will be willing to work in other locations. The true location of a work is not only important in the case of hiring but also will attract client engagement over a long term as clients analyze the location of a company.

 

 

 

The Infrastructure of the city with a concerned work location should be of high level and it plays a very important role in the mindset of job seekers. In the initial days of a career, the infrastructure will not play a much important role in a candidate’s life, but as the candidate marries, settles down with parents and kids then the infrastructure plays a very important role.

 

Challenges Faced Due to Work Location in Hiring

  • Some job aspirants who work at home or work in small cities will indicate in their resume that they are willing to relocate but at the last minute they back out.

  • It is very difficult to hire talented IT candidates in tier 2 cities. Even though the salary is on par with industry standards, the candidates refuse to join.

  • In tier-1 cities, there is the never-ending problem of traffic and the candidates require to spend additional 4+ hours in travelling and this discourages them from joining to jobs in far off locations.

  • Depending on the work location the recruiters can check the authenticity of a profile and this will reduce black out ratio.

  • Candidates want to explore locations with more options.

  • It is difficult to hire talented IT candidates in smaller cities compared to metros.

  • In the case of relocation of candidates, they back out at the last minute giving various reasons.

 

Solutions for Problems Caused Due to Work Location

There are some effective solutions for the problems caused by work location in hiring. Some of them are:

  • The companies should introduce flexible timings and work from home once a week options, for acquiring the best talents.

  • The candidate must be encouraged to relocate with the family and should be given extra perks for successful talent acquisition by concerned company.

  • The position applied for, the pay scale and job security is also vital as against the work location criteria for a given candidate.

  • To deal with the problem of relocation, the candidature of the candidate has to be checked for selection in any other company to check whether the candidate is using this offer to make a deal with one’s company.

  • The candidate can be supported to move to tier 2 cities and small towns and the infrastructure in these areas can be improved.

  • The companies have to pay tier 1 salaries for the employees for a good quality of life and to sustain and retain good talent in small towns and tier-2 cities.

 

Hence from above-given points, we can infer that work location plays an important role in job selection by a job aspirant. The smaller companies have to make efforts in attracting and retaining quality talent by adopting some measures like flexible work timings and work from home once a week option to solve the problem created by work location.

The process of recruitment is different from one company to another and it depends on the type of the company, job markets, type of hiring, the type of position for which hiring is done and the skill of the recruiters. For recruiting highly skilled workers there are three types of recruitment that are followed in the corporate world, they are conventional hiring, contemporary hiring, and cutting-edge hiring. These processes of hiring have evolved based on the process followed during recruitment and market conditions. Let us understand the types of recruitment:

 

 

Conventional Recruitment

Conventional recruitment works on the principle of ‘post and pray’. The companies following conventional recruitment advertise their job opportunity and then wait for the resumes to pour in. They screen from this handful of resumes and hope to find the right fit for the opportunity they have. This will only help during the large-scale hiring of low-skilled workers. But for high-skilled talent with a small talent pool, this type of hiring is sure to fail.

 

The resumes sourced during the conventional process are not treated as future databases for expected talent hunts. These resumes are just discarded and the entire screening process just goes wasted. After the selection of the final candidate, the other contenders who may be equally good are not considered for other matching job opportunities or future candidate searches.

 

Some of the companies keep the initial applying process to be very complex and cumbersome and the candidates cannot easily apply through them with 30 minutes of questionnaire and lengthy profile completion stages. In the conventional hiring, a major part of hiring process depends on candidates, which is considered as ‘ HR black hole’  by the candidates. Hence we can say that conventional hiring should be avoided wherever possible, to source highly skilled talents to the concerned company.

 

 

Contemporary Recruitment

The companies have lately become aware of the fact that to attract best talents in the industry, contemporary recruitment method has to be applied. They are sourcing candidate profiles from job boards. Hence the talent pool involved gets broadened. The companies are also sourcing profiles through employee referrals. But employee referrals are not gaining much momentum due to lack of proper recognition of the employee efforts. Some of the employee referral programs involve rewarding the employee making the referral on successful onboarding of the candidate instead of just referring a genuine candidate. External recruiting agencies are also seen as the best route for hiring highly skilled talent by the companies.

 

 

 

 

But there are some drawbacks with the contemporary recruitment model also namely time, cost, and quality.

 

Time is the main constraint as the time needed by recruiters to select a particularly skilled candidate from the hundreds of profiles sourced from job boards is very prolonged. As soon as any new skilled candidate comes in the job arena, a short window opens during which the candidate is available for hiring. Hence the recruiters must encash the short time frame before it is too late. If this is lost then valuable hiring time is lost.

 

The contemporary recruitment model has added cost factor as it involves paying for more resumes and paying for more people to read resumes. The cost of agencies, recruiters, job boards and referrals will be very high and also will not fetch desired results.

 

The quality of the hired candidates is also affected during contemporary recruitment. From the stage of screening to the hiring managers, the resumes move very slowly and it may take two weeks. Additionally, the resumes are processed slowly during the selection process and by the time the candidate receives the confirmation call, the candidate would be out of the job market. As a result, due to shrunk talent pool, the hiring managers have to compromise on the skills and it results in reduced quality of hired talent.

 

Hence contemporary hiring must be adopted with caution and measures should be taken to overcome its drawbacks in hiring.

 

Cutting-edge Recruitment

The forward-thinking companies realize that both the conventional recruitment and contemporary recruitment models will not work for them in hiring highly skilled talent. Hence, cutting edge recruitment is the solution for their woes. In this completely modern recruitment module, automation tools and modern technology is used in the sourcing of candidate profiles from famous job boards and for screening them. In this module, even the passive candidates who are not actively seeking for a job can be converted to a successful hire on approaching with a right attitude at the right time.

 

Internet spiders and resume search engines can be employed as automation tools. It just takes about 20 minutes now to source and to make a list of few candidates from a list of 1000 candidates sourced from a job board using automated tools. The resumes which were not selected but shortlisted and all the matching resumes can be stored in the database for future reference.

 

Even with proven benefits, the cutting-edge recruitment can be a failure if the employer does not arrange for necessary technologies required for this type of recruitment. Cutting-edge recruitment will also fail if probable candidate list remains untouched and curated resumes are not considered and subscriptions to resume databases are unused.

 

Hence, I suggest that the above stated three types of recruitment must be selectively used based on their effectiveness in conjunction with other stipulated procedures for acquiring high-quality talent for a company.

IT sector in India came into existence in early 90’s. Since its inception in India, IT sector has developed by multiple folds. Today IT sector contributes 8% of GDP and accounts for 41% of the total exports of India. IT sector also garners a major part of tax from the exports and services provided by this sector. The Central Government and all the State Governments are implementing supportive tax measures and providing infrastructure support for the development of IT sector. Hence the Indian IT sector can be truly called as the gem of Indian economy. IT sector is mainly growing in Tier 1 and Tier 2 cities like Bangalore, Hyderabad, Calcutta, Pune, Ahmedabad, Chennai, Bhubaneshwar and other cities.

 

Reasons for Development of IT Sector in India:

  1. India has a vast population of educated graduate youth, who are skilled in various IT skills and are ready to be deployed for work.

  2. The Central Government has introduced tax waiver and other supportive measures for the development of IT sector.

  3. The State Governments have allocated vast areas of IT parks at nominal rates for the IT companies. They are also developing the infrastructure and other facilities for the development of IT sector.

  4. Availability of cheap workforce, who work for less than a quarter of the wage in U.S.A, U.K, France, Italy and other European countries, has proved to be fruitful for the growth of IT industry in India.

  5. Lakhs of IT graduates pass out of the colleges throughout India each year and this boosts the IT sector.

  6. The geographical location of India and difference in time zones when compared to U.S.A, U.K and other European countries, makes it an ideal place for nurturing IT sector.

 

IT growth in India 

 

Impact of IT Sector on Indian Economy

  1. IT sector contributes 8% of total GDP and accounts for nearly 41% of total exports of India.

  2. It is one of the largest job providing sectors in India.

  3. Development of IT sector results in an increase of IT exports and also increases foreign exchange reserves for India.

  4. IT sector development has a direct impact on a city’s infrastructure. As we see in the case of Bangalore, which is one of the fastest growing cities in the world.

  5. The development of IT sector indirectly has a positive effect on the growth of realty sector, finance sector, services sector and other areas of growth in a given town or city.

  6. IT sector also provides maximum tax from the exports and services provided.

  7. The Tier 2 cities are fast catching up with Tier 1 cities in case of economic growth, infrastructure, and IT development.

 

Bangalore as an IT Hub of India

Bangalore or Bengaluru as it is known now has been famous for gardens and its pleasant climate. But nowadays Bangalore is gaining popularity as IT capital of India and is aptly known as ‘Silicon Valley’ of India. Bangalore houses nearly 40% of India’s IT companies. It all started when Infosys was started in Bangalore in 1981, the year when IBM introduced the first computer. Then others like Texas Instruments, Wipro, SAP,  followed the foray and started their companies in Bangalore. Bangalore alone generates an IT revenue of $17 billion a year. Some of the important IT companies in Bangalore are HP, HCL Technologies, Larsen & Toubro Infotech, ITC Infotech, Mphasis, TATA Consultancy Services, Tally Solutions, Tech Mahindra and others.

 

IT industry in Bangalore is generating 2,00,000 jobs a year providing employment to nearly 10 million people. The special zones designated as IT parks in Bangalore have world class amenities and house many IT offices. Some of the IT parks in Bangalore are Safina Software Technology Park, Integrated Hitech Software Park, Manyata Tech Park, Prestige Tech Park, Bagmane Tech Park and others. Bangalore has a conducive environment for the growth of IT industry with world class amenities, good living conditions and better infrastructure and is one of the fastest growing cities in Asia.

 

As we know that IT industry is at the peak of its growth, hence the IT job seeking candidates must make best of this bounty time in the current scenario in India. I would suggest the IT job seeking candidates to try for best job options throughout India and secure a better future for themselves.