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Mamta Mittal, Team Leader, Evalueserve
EVALUESERVE (Gurgaon)
Number of Employees 850
Employee Profile MBAs, CAs, Engineers, PhDs and Lawyers
Average Salary
Rs 6-12 lakh per annum
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Move
over business Process Outsourcing (BPO) outfits. It's now the
turn of Knowledge Process Outsourcing (KPO) units to hog the recruitment
limelight in the it-enabled services sector, what with the demand
of 50,000 new people every year for the next five years.
"High value-added research, call it
KPO or anything else, has a huge potential for growth in India,"
says Sunil Mehta, Vice-President (Research) at National Association
of Software and Service Companies (NASSCOM). Currently at just
under $1 billion (Rs 4,400 crore), the Indian KPO industry is
set to grow 12-fold to $12 billion (Rs 52,800 crore) in the next
five years, according to nasscom.
But what exactly is a KPO? Well, it's off-shored
backend work that can be done relatively cheaply in India, much
like the work BPOs do, but it's higher on the value ladder both
in terms of employee skills and price realisations. Currently,
there are about 300 KPOs in India, providing employment to close
to 60,000 people.
A KPO essentially handles backend work in
areas such as credit research, equity research, investment research,
patent filing, intellectual property, asset management, and legal
and insurance claims processing. And unlike a BPO's average English-speaking
graduates, this work requires specialists such as chartered accountants
(CAS), science graduates and post-graduates, MBAs, market researchers,
engineers, lawyers and, in some instances, even doctors to man
the operations.
Global Exposure, Good
Money
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Suresh Kumar, Assistant Manager, Scope
eKnowledge |
SCOPE EKNOWLEDGE (Chennai)
Number of Employees 380
Employee Profile
Science graduates,post graduates, MBAs, Engineers, PhDs and
the occasional Doctor
Average Salary Rs 5 lakh per annum |
For 29-year-old Mamta Mittal, a qualified
ca and also an MBA, it was the sheer monotony of research work
she was doing at CrisInfac, a Mumbai-based rating agency, that
made her turn to Evalueserve, a Gurgaon-based research services
KPO. Now as a team leader with Evalueserve, her work not only
involves standardising the financial statements of various companies
so that they adhere to Generally Accepted Accounting Principles
(GAAP), but also handling a team of 40 people, all of whom either
have a ca qualification or an MBA under their belt. "Here
(in Evalueserve), people are hungry as well as aggressive, and
that promotes growth," says Mittal. She is now looking forward
to becoming a manager and leading a team of over 100 people.
And it isn't just a good salary, upwards of
Rs 5 lakh per annum even for greenhorns, that makes professionals
like Mittal opt for KPOs. "It is a sunrise industry where
professionals get to deal with decision makers and strategists
worldwide," says Ashish Gupta, Country Head and coo, Evalueserve.
He's right. Global exposure and the prospect
of jumping into a growth sector early on is attracting professionals
across various disciplines to KPO jobs. Take the case of 24-year-old
Susmitha Sundarlal, Head (Legal Practice) at the Chennai centre
of New York-based KPO, Office Tiger. After graduating in law with
a specialisation in intellectual property, Sundarlal worked as
a litigation lawyer, first with the bar president in Chennai and
then with the law firm G&W Associates.
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Ashish Mistry, Instrumentation Engineer,
Neilsoft |
NEILSOFT (Pune,
Bangalore)
Number of Employees 400
Employee Profile
Engineers (Civil, Mechanical, Electrical and Computer Science)
Average Salary
Rs 8-10 lakh per annum |
"I moved from the traditional law practice
to a KPO job because legal process outsourcing is an expanding
area," says Sundarlal, who got the exposure to interact with
and also learn the intricacies of us laws from us attorneys during
her induction trip to New York. Today, she makes decisions related
to real estate leases and litigation coding for us-based clients.
"There is just a final consultation with the client, but
my decisions are usually accepted," says Sundarlal.
Staying In Touch
For 30-year-old Suresh Kumar, who has a masters
degree in chemistry and an MBA, it was again not just the monotony
of his job as a chemist with Orchid Chemicals that made him opt
for Scope eKnowledge (SEK), a Chennai-based KPO into scientific,
technical and medical services. "I wanted to learn new things,
see history being made instead of just studying the past,"
says Kumar. Today as an Assistant Manager with SEK, Kumar handles
a team of 45 people working on cutting edge research in chemical
taxonomy.
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Susmitha Sunderlal, Head (Legal Practice)
Office Tiger |
OFFICE TIGER
(Chennai, Mumbai and Bangalore)
Number of Employees 2,500
Employee Profile CAs, MBAs, PhDs, Lawyers and Graphic Designers
Average Salary
Rs 7-12 lakh per annum |
"First, there was information technology
and now there is engineering technology," explains Ketan
Bakshi, Founder & MD of Neilsoft, a Pune-based engineering
service KPO. Bakshi sees engineers who had left their disciplines
to join the it bandwagon coming back to their domains for doing
interesting work through KPOs.
Thirty-five-year-old Ashish Mistry, an instrumentation
engineer who worked with Godrej Soaps, Dalal Projects and Mott
MacDonald before moving to Neilsoft, is one such. "The job
here provides me with global exposure," says Mistry. At Neilsoft,
Mistry's work includes designing end-to-end solutions-from conceptualising
to structural analysis to detailed drawings-for companies in Europe
and the us in industries as varied as steel fabrication and construction.
With KPOs' annual revenue per employee ranging
from $20,000 (Rs 8,80,000) to $120,000 (Rs 52,80,000) per annum,
almost five-times that of an average BPO, employers have already
upped their ante on retention and recruitment strategies. One
example: there are no odd hours for KPO employees. Then, there
is the prospect of learning from the best in the field and overseas
induction trips to boot. "In time, more work involving decision-making
will be outsourced to India," says Joseph Siegelman, co-CEO
of Office Tiger. An employees market, did you say?
COUNSELLING
Help, Tarun!
I am a 60-year-old retired IFS (Indian Forest Service) officer
with more than 30 years work experience. Besides having a Master's
degree in Agriculture and Forestry, I also have a PhD in Forestry
from a well-known German university. I am currently working for
an NGO as a forestry specialist for Uttaranchal, but I do not
find this job challenging or satisfying enough. I am at a stage
in my life where I would like to give back something to society.
What kind of a job would be best-suited for someone like me?
First of all, do you want to do something related to forestry
only or are you open to exploring other avenues too? How about
social service? You can either work as a volunteer in an old age
home or, even better, open your very own NGO. With the kind of
background you have, working for a cooperative is another area
open to you. Then, there are these foreign organisations that
undertake various social forestry projects from time to time.
So, you could also try your luck there. With the kind of administrative
and organisational skills you have or must have acquired over
the years, in addition to your rather impressive qualifications,
it won't be long before opportunities come knocking at your door.
I am 20 years old, and have recently
graduated in BSc (Maths). I want to get into the information technology
(IT) sector and, therefore, am planning to complete levels O,
A, B and C exams of DOEACC. However, my friends say the courses
offered by institutions like DOEACC or IGNOU do not have any market
value and are a sheer wastage of both time and money. What kind
of a course/courses should I undertake in terms of having a long-term
career in IT?
At this point, the best thing for you to
do would be a post graduation in it. There are various institutions
that offer an MCA (Masters in Computer Applications). You could
also try your hands at short-term software courses. With a degree
in Maths, you could easily qualify for most of these programmes.
You could also go in for an MBA (Masters of Business Administration),
with a specialisation in it. But remember that before getting
yourself enrolled into any institution, do try and find out whether
it has a placement cell in place and what its (placement) record
has been till date.
I am a 26-year-old Group C government
employee with nearly seven years of work experience. I got this
job while I was still doing my graduation in Commerce. I have
done my post-graduation in Economics and now, I want to pursue
an MBA. But, I have some doubts about the appropriateness of my
experience-for the first five years, I was in the Railways' ticket
checking cadre and thereafter, I was supervising revenue collection
and passenger amenities. Will my experience count during campus
recruitment or should I switch to the corporate sector right away?
Your earlier experience may count for nothing
when it comes to campus placement post MBA. (However, as far as
your selection for MBA is concerned, it will not do you any harm).
Remember, any job at the clerical level is not given too much
credit, even if it is in the corporate sector. You are only 26
and, though your earlier experience will be discounted, you will
still be in good shape at campus placement. So, don't waste any
more time and just get yourself enrolled for an MBA programme
at the earliest. Armed with an MBA degree, getting into the corporate
sector would be quite easy.
I am an insurance advisor with a leading
private insurance company. I have a (three-year) diploma from
the Central Institute of Plastic Engineering and Technology and
am currently pursuing a PG diploma in Business Management. Simultaneously,
I am also pursuing an engineering degree from AIME. I recently
passed my Insurance Regulatory Development Authority test. My
ultimate goal is to set up my own business. Please advise on whether
I should do my specialisation in HR or marketing?
You seem to be the jack of all trades-insurance,
plastics, engineering, management-that is quite a combination!
But then, if you can make the most of it all, nothing like it.
But since your ultimate goal is to start your own business, I
suggest you go in for a double specialisation (if possible) in
hr as well as marketing. What's more, even if you are forced to
shelve your business plans due to some reason or the other at
some point of time in the future, you could very well find yourself
at a senior-level position, thanks to your rather impressive qualifications.
Answers to your career concerns are contributed
by Tarun Sheth (Senior Consultant) and Shilpa Sheth (Managing
Partner, US practice) of HR firm, Shilputsi Consultants. Write to
Help,Tarun! c/o Business Today, Videocon Tower, Fifth Floor, E-1,
Jhandewalan Extn., New Delhi-110055..
Job-hunter
Go South
South and services
sector dominate new hirings.
There are hardly
any surprises in the ma FOI Employment Survey for July-September
2005. With it and ITEs sectors most bullish on recruitment, it
shouldn't surprise anyone that the South dominates the hiring
binge, with three cities-Bangalore, Chennai and Hyderabad-featuring
in the top five. There is hiring buoyancy in service companies,
and even old economy sectors such as textiles and chemicals are
creating new jobs.
-Shailesh Dobhal
Jobs
For Supply Side People
Surging sales spell
jobs down the supply chain.
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Supplies are here: Thanks
to the supply chain |
There
is an unlikely job profile that is becoming hot in the current
sales boom being witnessed across the consumer goods industry.
Whilst marketing and sales pros keep the consumer and trade hooked
on to the brand, it is the unglamorous, back-room supply-chain
professionals towards whom corporate India is turning to ensure
uninterrupted flow of merchandise, as well as to keep costs in
tight check.
So much so that companies such as Hindustan
Lever, Philips India, Gillette India, Tata Motors and LG Electronics
have completely separated their supply chain functions, hitherto
clubbed with marketing, sales or finance. "It is necessary
for us to focus on the supply chain, and so the empowerment of
this as a separate division was important", says S.N. Rai,
Head (Supply Chain & Logistics), LG Electronics. Companies
are aggressively recruiting MBAs, engineers, even chartered accountants
(CAS) for managing their supply chains. And with a starting salary
of Rs 5 lakh per annum for a supply chain executive, it's a pretty
good option for anyone starting out.
-Supriya Shrinate
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