Finance assignment Case Study Example | Topics and Well Written Essays - 1500 words

Finance assignment - Case Study Example Often times, the human resource management (HRM) department is considered inferior to other departments like finance and marketing, as it does not contribute to the revenue generation of the organization directly (Davis, 2011). This paper focuses on the financial aspect of the human resource management as it discusses its importance in the organization. It highlights the fact that HRM department is wrongly underrated, because it also contributes to the revenue of the firm. In this study, the case of John Lewis Partnership has been highlighted to point out the financial importance of the HRM in an organization. The human resource management (HRM) is described simply as proper allocation of human capital in the right time and in right place. By the proper allocation of the work force in all the departments, an organization is able to increase the overall efficiency of the firm (Lundy, 2008). The increased efficiency eventually leads to higher revenue generation and avoids resource wastage by inefficient usage. Thus it is clear that the financial importance of the HRM lies in the efficient use of human resources in such a manner that the financial investment made in the HR department gives proper return. The return on investment of the HR department is determined by the financial output of all the other departments and the organizational output as a whole (Price, 2011). According to Woods (2012) John Lewis partnership (JLP), unlike any other retail firm, is run by the employees who pose as the partners of the business operation. The management is run by a trust which operates on behalf of the employees. JLP has put the HR department in the in the centre of the management decision making. The HR department is prioritized so much that Andy Street, one of the personnel director made his way to the position of Managing Director (Cunliffe and Craik, 2014). The concept of partnership allows the employees or partners to enjoy benefits from the

French Politics Research Paper Example | Topics and Well Written Essays - 1750 words

French Politics - Research Paper Example Sarko represents UMP (Union pour un mouvement populaire). He is neo-liberal, authoritarian, pro-American and pro-Israeli. Except for Socialist Francois Mittereand's 14 years reign, France has been ruled by right wing forces since 1958 when Charles de Gaulle ushered in the new Republican regime. Paving the way for the electoral victory of the 52-year old leader of the French Right were the simultaneous decomposition of the French Left and Sarkozy's successful unification of the three streams of the Right - neoliberal, national and fascist. When Sarkozy became "Monsieur le President de la Republique," the 23rd French chief of state, the sixth since the new Constitution of 1958 that initiated the Fifth Republic of France, his true intentions for promised new directions were still ambiguous. Upon the election of Nicolas Sarkozy there was a strong current in the media - both in France and internationally - claiming that "things had changed". Sarkozy, it was said, was the man who would cut back the "gluttonous" French state, "modernising" the economy by curbing the power of the unions and replacing the France of the 35-hour-week with a new more "flexible" culture that valued "hard work". French workers had to prepare for Sarkozy's onslaught. As we have seen with November's rail strikes, university occupations and rioting in the suburbs, resistance to Sarkozy is deep-rooted. Some activists have used the catch-cry "Sarko-facho" ("Sarkozy-fascist"); portrayed him as nothing but a lickspittle of George Bush; or, as the Iranian media now have it, a Mossad agent. Yet most of the French President's pronouncements seem to be in tune with the anti-working class, conservative and authoritarian political tradition of General de Gaulle. On the other hand, Sarkozy's underlining of great national objectives means distancing France from the spirit of liberal free trade. The French Left accuses Sarkozy of being authoritarian and of unstable character. The Left's electoral campaign early this year aimed at trying to rouse his ire and demonstrate his incapacity of leading la douce France. The crude reality is that while the French Left claims a monopoly on morality, the political Right dominates this largely conservative, extremely traditional nation. We only have to think back to spring 2006 when the previous UMP [Gaullist] government attempted to introduce the CPE law to undermine young workers' job stability, or 2005 when it backed the EU Constitution. The continuity in the history of the French right is examined in some detail in the latest issue of the Ni Patrie ni Frontires journal*, which devotes some 62 pages to assessing the character of so-called "Sarkozyism". Sarkozy has taken on great personal power, setting great store by his own image and casting himself as somewhat of a national saviour, in the mould of de Gaulle or a Napoleon. The assertion that Sarkozy represents an

Human Resource Management Research Paper Example | Topics and Well Written Essays - 1500 words

Human Resource Management - Research Paper Example According to Armstrong (2008), with the compilation of the tasks to the human resource department, the scope has also enhanced; hiring, training, etc. all have come well under the umbrella of human resource department. One of the most challenging tasks for human resource department today is the fact that workforce within organization comprises of cross-national individuals i.e. people coming from various backgrounds, cultures, countries, etc. This essay is about how the demographics of a workforce are changing or have changed over a period of last decade or so i.e. identifying the trends and how it poses a threat or otherwise, implying to the human resource management. The following section is about the trends occurring and witnessed amongst the demographics of the workforce at a global scale. The attempt of making the world a global village, in accordance with Mathis (2007), has brought about a lot of changes in the global landscape – particularly there has been a rising trend amongst individuals wanting to move away from their home country in an attempt for enhanced earning, improved life style, and increasing the quality of living for their families in their own regions. As a complement to the same, organizations have also initiated the program of cross boundary hiring, with their own reasons to follow. Firstly, as stated by Bateman (2010) having cross boundary hiring is expensive, which is the downturn of the same; however, in the long run, it is cheaper primarily because in third world countries, very talented human resources are very cheap and easily available. Consider the live example whereby employment posts are held mainly by Asians in countries offering bright prospect of jobs such as UK, US and the Middle East; here individuals get good earnings, mainly due to the currency differential, they earn a lot more then they can do in their home town, and

Finance assignment Case Study Example | Topics and Well Written Essays - 1500 words

Finance assignment - Case Study Example Often times, the human resource management (HRM) department is considered inferior to other departments like finance and marketing, as it does not contribute to the revenue generation of the organization directly (Davis, 2011). This paper focuses on the financial aspect of the human resource management as it discusses its importance in the organization. It highlights the fact that HRM department is wrongly underrated, because it also contributes to the revenue of the firm. In this study, the case of John Lewis Partnership has been highlighted to point out the financial importance of the HRM in an organization. The human resource management (HRM) is described simply as proper allocation of human capital in the right time and in right place. By the proper allocation of the work force in all the departments, an organization is able to increase the overall efficiency of the firm (Lundy, 2008). The increased efficiency eventually leads to higher revenue generation and avoids resource wastage by inefficient usage. Thus it is clear that the financial importance of the HRM lies in the efficient use of human resources in such a manner that the financial investment made in the HR department gives proper return. The return on investment of the HR department is determined by the financial output of all the other departments and the organizational output as a whole (Price, 2011). According to Woods (2012) John Lewis partnership (JLP), unlike any other retail firm, is run by the employees who pose as the partners of the business operation. The management is run by a trust which operates on behalf of the employees. JLP has put the HR department in the in the centre of the management decision making. The HR department is prioritized so much that Andy Street, one of the personnel director made his way to the position of Managing Director (Cunliffe and Craik, 2014). The concept of partnership allows the employees or partners to enjoy benefits from the

Human Resource Management Research Paper Example | Topics and Well Written Essays - 1500 words

Human Resource Management - Research Paper Example According to Armstrong (2008), with the compilation of the tasks to the human resource department, the scope has also enhanced; hiring, training, etc. all have come well under the umbrella of human resource department. One of the most challenging tasks for human resource department today is the fact that workforce within organization comprises of cross-national individuals i.e. people coming from various backgrounds, cultures, countries, etc. This essay is about how the demographics of a workforce are changing or have changed over a period of last decade or so i.e. identifying the trends and how it poses a threat or otherwise, implying to the human resource management. The following section is about the trends occurring and witnessed amongst the demographics of the workforce at a global scale. The attempt of making the world a global village, in accordance with Mathis (2007), has brought about a lot of changes in the global landscape – particularly there has been a rising trend amongst individuals wanting to move away from their home country in an attempt for enhanced earning, improved life style, and increasing the quality of living for their families in their own regions. As a complement to the same, organizations have also initiated the program of cross boundary hiring, with their own reasons to follow. Firstly, as stated by Bateman (2010) having cross boundary hiring is expensive, which is the downturn of the same; however, in the long run, it is cheaper primarily because in third world countries, very talented human resources are very cheap and easily available. Consider the live example whereby employment posts are held mainly by Asians in countries offering bright prospect of jobs such as UK, US and the Middle East; here individuals get good earnings, mainly due to the currency differential, they earn a lot more then they can do in their home town, and

The Chinese Miracle Essay Example for Free

The Chinese Miracle Essay Many developing countries have sought rapid and sustained economic growth, but few have encountered China’s success. What are the key explanatory factors accounting for the so-called â€Å"Chinese miracle† of the past three decades? Introduction The landscape and the economy of China has extremely changed and developed for thirty years. The â€Å"Chinese miracle† as we called is a really interesting topic such no one country had known a lightning economic ascent as China. Several factors explain that rise to power but I think it is better to talk about almost entirely a few of them instead of name ten factors and develop them during only some sentences. That’s why I have chosen to develop three elements for this essay which are, in my opinion, the main key factors explaining the potential ascension of the Chinese economy of the past three decades. Of course, for this subject, we have to talk about the Reform and Opening up of 1978 without which China would not be the second world economic power nowadays. Given that it is an essay of a few pages, I will develop a few aspects and not all the elements of this economic reforms’ program. China’s Reform and Opening up In 1978, thanks to Deng Xiaoping who led the Communist Party of China, China knew the world’s biggest economic reform of the nineteenth century. This reform is the most important key factor which can explain the so-called â€Å"Chinese Miracle†. It provides the country an open-minded economy on the world. The reform and opening up took place in two steps. Firstly, in the first ten years from 1978, the reform involved stopping collectivize of agriculture and doing the opposite, the opening up for the foreign investments and to allow businessmen to start up business. Secondly, from the end of 1980s, it entailed privatization of companies and contracting out of a lot state-owned industry. Although state monopolies in sectors such as banking and petroleum remained, the economic reform brought lifting of price controls, protectionist policies and regulations. Thanks to this economic reform which is the largest, foreigners and also overseas Chinese began to invest in China. During the past 30 years, the investment range of overseas Chinese has developed from labor-intensive to capital or technology-intensive industries and has expanded from the hometowns of overseas Chinese to western China via the coastal areas, the inland and central, eventually leading to the all-round opening-up of China. Overseas Chinese businessmen and their enterprises have made a huge contribution to the expansion of Made in China products all over the world. At present, investing in China has become a trend for overseas Chinese. Although statistics are not complete, overseas Chinese and compatriots from Hong Kong and Macao who have found enterprises represent about 70% of the total of overseas-funded enterprises in China. In the past thirty years, they have donated billions of yuan to Chinese public services, to set up thousands of middle and primary schools. They also donated vehicles, medical equipment, motorcycles, nylon cloth, fertilizers, chemical fibers, refrigerators and agricultural machines. The return of many overseas Chinese directly changed the daily lives of ordinary Chinese people at that time by means of televisions, washing machines, sewing machines and radios which were scarce items. When we notice all the capital, the investments and donations which have been brought for three decades by the overseas Chinese and the foreigners, we can say that without the Reform and Opening up which gather a lot of economic reforms, the economy and quality of the life in China would not be what it is now. Population, production costs and way of life in China According to me, ones of the most important factors which can explain the surprising and rapid growth of China are the population in China, the cost of living and the way of life of Chinese people. Although some of countries in Europe enjoyed a fast growth decades ago, no one benefited from a growth with two numerals during several years like China. One of the reasons is the population in China which exceed 1. 300. 000. 000 persons, which means that more than one person out of five on the Earth is Chinese. With the biggest population of the world, it is not surprising that China is one of the biggest economic world-power because the country disposes of a huge workforce. Although having a big population for a country bring it to be a big economic power in the world like the United States, France and Russia, it is not enough for a country to establish itself as the first worldwide producer in a lot of different sectors. Indeed, China can base its economy on its population but especially on its cost of living therefore on the production costs. The cost of living is the biggest known reason of the economic success of China since we had known the globalization because all the production costs for the companies are cheaper than in Europe and the United States. Since our world economy entered in the globalization, almost of the companies from the secondary sector (in contrast with the primary and the tertiary sector) had begun to produce their goods or some pieces of their goods in China. Worldwide companies except non-profit-making organizations and a few ones have as goal to make profits. So, since China has opened its borders to foreign countries to doing business with them three decades ago, multinational but also small and medium-sized firms took advantage of this great opportunity to outsource their factory in order to reduce their production costs substantially and so to make more profits. However, it’s also the way of life, the culture of the Chinese people which contribute to make this kind of large-scaled producing system possible. Chinese people have a different consideration about their job, their work more and they have less leisure time than European people. They work hard, they usually finish their workday at 8 pm and they have fewer days off than in Europe or the United States. They consider the job as emancipating, an opportunity to socially go up. Of course, it is the case for the graduated Chinese who went at school and university and not for the Chinese who work in the toys or textile factories for example. It is easy for Chinese companies or foreign companies like Foxconn to find workforce like this second part of workers whose agree to work more than ten hours per day in hard working conditions without a good salary because they don’t have work in their village and also in order to bring back money at home to pay the school of their children. In my opinion, these three factors mixed together come to one of the most important reason that China imposes itself as regards world economic power. For a few years, China is the factory of the world. Billions of goods come from the factories of China and most of the biggest factories in the world are located there. Nowadays, the result is so that the Chinese industry carries weight in the world economy. China is the first producer of the toys sector, the shoes sector, the textile sector, the household electrical goods and many more thanks to its huge workforce. The monetary policy of China The second key explanatory factor is the monetary policy of the Chinese government. If China was able to establish itself as nowadays the second economic world-power, it is mostly thanks to its substantial exportations. In fact, we can easily understand that the rate of exchange of the Chinese currency, the Yuan or RenMinBi, play an important part to promote or not the exportations of the country. That’s why for several years, the Chinese government has chosen to devaluate its currency in order to boost its exportations which make for China to maintain a strong rhythm of growth. When we look at the recent history of the RenMinBi, we notice that since 21th July 2005, a nearly-fixed parity vis-a-vis the U. S. Dollar was organized. However, starting from that date the authorities decided to index the Yuan to a basket of currencies and a devaluation of 2% of the Yuan was also decided in parallel vis-a-vis the U. S. Dollar. Facing the American pressure, Beijing agreed to revalue the Yuan little by little until it will be again index to the dollar by a fixed parity in 2008. Since 2008, the Yuan has not evolved weighty in the exchange rate market. For three-four years, we see arguments from Europe and the United States about the Yuan’s exchange rate. According to them, Beijing often maintains its currency to a low artificially level. However, not long ago, even if China wants to keep the control of its currency and not to be dictated by Europe, United States or the IMF about the exchange rate of the Yuan, that one was revalued by its government. So, we can notice that the low rate of the Yuan has greatly favored the Chinese companies compared to European and American firms for many years. Today, the Yuan’s rate has already begun to increase in relation to five years ago. Some experts say that the Yuan is undervalued by more than 20%. But even if the Chinese economy is based on the exportations for three decades, the re-value of the RenMinBi will give again some purchasing power for the households, restart the consumption and will bring China to be less dependent on its overseas trade. Conclusion In conclusion, we can notice that the â€Å"Chinese miracle† has been possible for the most part thanks to the Reform and Opening up in 1978. However, this single reform program doesn’t suffice to explain the fast economic growth of China. Factors as the production costs, the huge population of the country, the culture of the work and the devaluation of the Yuan are key factors which have led China to be the second, and first soon, economic world-power. For three decades by means of these mixed factors, China has greatly improved the state of its economy, the quality of the life of its population, its infrastructure, its education system, etc. Moreover, thanks to the Reform and Opening up in 1978, Chinese people became more open-minded of others cultures. They could meet foreigners and started doing business with them. We can also notice that China is indebted to overseas Chinese who has brought a lot for their country with their bountiful donations. However, although the life’s quality of the Chinese people is better than thirty years ago, we don’t have to forget that in China the Gini coefficient is the highest and so the contribution inequalities are the biggest. One of the next challenges of the Chinese government is to watch out for what more Chinese can take advantage of the good health of the economy. Bibliography Websites : * http://www. china. org. cn/china/reform-opening-up/2008-12/19/content_16978369_2. htm * http://www. china. org. cn/china/reform-opening-up/2008-10/15/content_16645211. htm * http://www. china. org. cn/china/reform-opening-up/2008-12/10/content_16926213. htm * http://www. china. org. cn/international/2008-06/20/content_15859984. htm * http://www.china. org. cn/china/reform-opening-up/2008-11/25/content_16822741. htm * http://www. bbc. co. uk/news/world-asia-china-20069627 * http://www. nytimes. com/2012/11/09/opinion/china-should-reform-and-open-up. html * http://www. lefigaro. fr/tauxetdevises/2010/04/10/04004-20100410ARTFIG00642-la-chine-et-les-etats-unis-debattent-du-yuan-. php * http://www. lefigaro. fr/tauxetdevises/2010/09/29/04004-20100929ARTFIG00722-yuan-les-deputes-americains-veulent-sanctionner-la-chine. php * http://www. lefigaro. fr/tauxetdevises/2010/03/30/04004-20100330ARTFIG00772-pekin-se-prepare-a-reevaluer-sa-monnaie-. php * http://www. lefigaro. fr/tauxetdevises/2010/05/19/04004-20100519ARTFIG00599-baisse-de-l-euro-pekin-hesite-a-reevaluer-le-yuan. php * http://www. thedailybeast. com/newsweek/2012/07/08/the-end-of-china-s-economic-miracle. html * http://www. guardian. co. uk/world/2004/nov/08/china. jamesmeek Videos: * http://www. china. org. cn/video/2008-11/27/content_16838090. htm * http://www. youtube. com/watch? v=SSuUM3Abe00.

Importance of English in the Current Job Market

Importance of English in the Current Job Market The present paper seeks to analyze the current Job market scenarios and the importance of role of English in it and how IT is bridging the gap between the two. Out of the major job markets of the world, majority are from the countries where English is the main language or efforts are being made to make it one of the main language or efforts are being made to make it one of the main languages. It would not be wrong to say that English can be great GDP improving factor for a country in the current times. Now having been accepted universally by the doyens of industry the fact about the importance of English, the most logical question which comes to mind is the ease of use and the access to the stuff related to literature and language of the English. This is being facilitated by IT with its treasure of informational tools and portals. On one hand It is teaching and training people in English language and on the other hand giving the trained and skilled people access to the best of job ma rkets of the world which otherwise wouldnt be possible to find conventionally. The Economy of India is the eleventh largest in the world by nominal GDP[1] and the fourth largest by purchasing power parity (PPP) Following strong economic reforms from the post-independence socialist economy, the countrys economic growth progressed at a rapid pace, as free market principles were initiated in 1991 for international competition and foreign investment. Other studies underscore that the Indian recovery has probably been the fastest among world markets, and confidence levels have also risen in tandem. The quarterly Employment Outlook Survey by Manpower, a world leader in the area of workforce solutions, says that Indias hiring outlook is the most optimistic among the 36 countries and territories included in the report, which is for the April-June 2010 quarter. No doubt that the Indian economy has been treading an exceptional growth path since the last decade. Being the least hit of all economies, the Indian economy has really survived the storm of global financial crisis. Rating agencies like, Moodys, have stated that the strong performance is a resultant factor of renewed growth between India and China. According to a report by the Associated Chambers of Commerce Industry (Assocham), the Indian economy will create 87.37 million new jobs by 2015. The study was released in March by the secretary of the Planning Commission, which gave the projections an official seal of approval. According to Assochams survey, the most significant growth will come from the manufacturing sector, which will add 32% (27.88 million) of the new jobs. Trade will be next with 24.24 million jobs, following construction with 15.13 million. Tourism-related employment, information technology (IT) and IT-enabled services (ITeS), and financial services will also grow. Taking the leading indicators of India economy into consideration, it suggests that the India economy will definitely continue to improve in a steadfast pace. The ongoing interest rates, exchange rate, stock market index indicate that the economic conditions have been let loose for a considerable time period and should be managed in a manner that the business confidence index improves. The Indian economy has been propelled by the liberalization policies that have been instrumental in boosting demand as well as trade volume. The growth rate has averaged around 7% since 1997 and India was able to keep its economy growing at a healthy rate even during the 2007-2009 recession, managing a 5.355% rate in 2009 (India GDP Growth). The biggest boon to the economy has come in the shape of outsourcing. Its English speaking population has been instrumental in making India a preferred destination for information technology products as well as business process outsourcing. Globalization in India has allowed companies to increase their base of operations, expand their workforce with minimal investments, and provide new services to a broad range of consumers. One of the major forces of globalization in India has been in the growth of outsourced IT and business process outsourcing (BPO) services. The last few years have seen an increase in the number of skilled professionals in India employed by both local and foreign companies to service customers in the US and Europe in particular. Taking advantage of Indias lower cost but educated and English-speaking work force, and utilizing global communications technologies such as voice-over IP (VOIP), email and the internet, international enterprises have been able to lower their cost base by establishing outsourced knowledge-worker operations in India. However, the service sector is greatly expanding and has started to assume an increasingly important role. The fact that the Indian speaking population in India is growing by the day means that India has become a hub of outsourcing activities for some of the major economies of the world including the United Kingdom and the United States. Outsourcing to India has been primarily in the areas of technical support and customer services. India is a vast country with different languages in different parts of the country. These regional languages differ from each other so much that it is not possible to communicate with people of other regions without a common language. Further, India is growing on all fronts whether it is social or economic angle. India is on the road to become a strong and prosperous nation in the world. India is trying to maintain a good foreign policy. For all this, there is need of a common language i.e., English. It is this language which is understood almost all over the region in addition to national language of Hindi, all schools and colleges teach English and mostly have it as a medium of instruction. In todays world, we have to get knowledge of advanced technologies and all kinds of branches of Science. There is an urgent need of such a common language which can be understood by youth all over India and the language in which all data and information is available. It is English only which can be rightly selected as the language to be studied by all of us from the very primary level. This language is a store house of social and political knowledge. Hence, study of English language is of great importance for a developing country like India. Without knowledge of this language, our technicians, mechanics and engineers cannot progress. Today, USA and other countries have made tremendous progress in the field of science and technology. In space technology, we are no match to them. The world is making progress in these fields at a terrific speed. To increase and encourage more research work in Science and Technology, we have to study all these subjects in detail. And for this the importance of English cannot be denied. Our own regional languages do not have the depth and capacity to understand and co relate all these technological developments and as such, cannot served the purpose to keep pace with the fast growing world outside. Most of the best books on all such subjects are available in English language only. We cannot translate it all in our own regional languages, therefore, knowledge of English can only prove to be a blessing. Some subject like Science, Mathematics and technology books must be taught in English only. This fact is being realized now by those who had opposed teaching in English few years ago. They now know that we have not been able to prosper like other countries of the world due to keeping ourselves away from English. It is this language which can uplift us not only within our own country but throughout the world. We will be no less than anybody in the world with knowledge of English. English in India is a legacy from the British who colonized the country and their language permeated through some of the most important parts of society: the government, the media, the education system, the legal system, and gradually the social sphere as well. India is a vast nation and in terms of number of English speakers, it ranks third in the world after USA and the UK. An estimated 4 percent of the population use English and even though this may seem like a small number that is about 40 million people. This small segment of the population controls domains that have professional and social prestige. It is certainly considered instrumental in terms of having access to information from all over the world and as a key factor for professional success, but it is also very much a part of the educated middle and upper class persons life especially of the youth in India. The Education System: In higher education English is the premier prestige language. Careers in any area of business or commerce, or within the government, or in science and technology require fluency in English. It is taught in schools ranging from the most elite private schools to small government schools because only this language is an acceptable medium of communication through the nation. A 2008 report by software lobby group Nasscom, have shown only 10-15% graduates are employable in business services and only 26% engineers in technical services due to educational deficiencies. English in India has, indeed, come far from its original uses in the colonial times when it was mostly used as the language of the government. Nowadays, English has spread into many new domains, also the more personal ones, such as the family and friendship. English has, also, acquired new functions, including the self-expressive or innovative function. Today, in fact, it is hard, almost impossible to think of English as it is used in India only simply as another foreign language. In the domains of education, government and employment English shows itself, without doubt, as the most preferred medium. The Future of English in India The language has already been well established in the country and has acquired its own independent identity. With the number of foreign investors flocking to India and the growth of outsourcing, English has come to play a key role in professional relationships between foreign and Indian companies. Familiarity with the differences between American and British English has definitely grown as much business communication is carried out according to the language style with which a client is comfortable. Now we go back and examine what would have happened had Hindi been the national languages, and with English sidelined. Many foreign companies would have come to India even if it was a Hindian nation, but in the absence of a sound knowledge of English, India would have been just been a trade hub, not something where development would take place. Indian companies would not have been able to export as much. India would not have become a development centre for the other nations. We would NOT have been recognised as a nation with huge, economic and quality human resource.We would not have been able to interact much with the world outside. IT companies, telecommunication companies, and other companies would not have decided to come to India. We would not have had Indian companies in these fields make their global footprint. Even now there are many countries which offer much cheaper labour than India, but the reason India became a outsourcing hub was because India managed to strike a very g ood balance between cost and quality. In fact this is very similar to what globalisation is currently doing in Africa. Given the current lack of exposure for technology in India, the lack of English knowledge would have only made it worse. The Indian education system places strong emphasis on mathematics and science, resulting in a large number of science and engineering graduates. Mastery over quantitative concepts coupled with English proficiency has resulted in a skill set that has enabled India to reap the benefits of the current international demand for IT. India is capitalizing on its large numbers of well-educated people skilled in the English language to become a major exporter of software services and software workers, As the economy expands, Indias job recruitment market is also expected to grow in line and double at Rs 2,000 crore in the next five years, a top industry official said. The growth in Indias economy has helped bring about a tremendous growth in the manufacturing, banking and services sectors in the country. The job recruitment market here is set to grow at 20 per cent per annum and touch the Rs 2,000 crore mark in five years from the present Rs 1,000 crore, Esource Indias Managing Director Nitin Deveshwar told PTI here. To improve the job quotient for the jobseekers in the burgeoning economy, they need to keep themselves abreast with the latest trends in the dynamic market.This gap is shortened by the various mode of teaching is also taught through internet enabled websites.There are various web sites which can enhance the skill sets of the potential job seekers to the required level. Now as the English is the default language of the majority of web users, it also takes the usage of English to the new level thereby developing a typical web-enabled Glossary and lingo.It has also been observed that writing e-mails and in various social networking sites where people pour out their feelings ,improves their English writing capabilities. There have been various prestigious Government sponsored projects going on to improve the skill-sets of the teachers in Indian universities and its affiliated colleges. And one among them is National Mission on Education through ICT sponsored by MHRD (Ministry of Human Resource and Development).This pilot project has been started primarily to impart the best teaching practices of the premier Indian Institutes like IITs to their counterparts of not so famous and prominent colleges and universities of the country.The author has had the privilege to attend couple of workshops taught by one the best IIT Professors through ICT (Information and Communication Technology).As these workshops are attended by the teachers from length and breadth of the country, it is natural that the mode of communication is in English. When these best practices are taught to the students , it improves the skills and makes them more marketable in the growing job market. There are various job portals where after the completion of the required education, the job seekers can apply to find suitable jobs. E-recruiting remains as an important tool linking recruiters and employers with potential employees; however, e-recruitings role in the big picture is evolving.E-recruiting plays an important role in linking recruiters and employers with candidates they otherwise wouldnt have known existed. There are plenty of online job sites. One should focus on the sites that are related to ones profile and interests in order to optimize the job search efforts. Various online job sites are Naukri.com, timesjobs.com, monsterindia.com, jobsahead.com etc. a first good step in a career search is to apply for a job through search firms and online job sites. Increasingly, companies rely upon these and other online job resource databases and search firms to advertise opportunities and to solicit available labor resources. Many companies have up-to-date websites where a job applicant can contact the companys human resource department and search the job opportunities listed. Contacting the human resource department by email is also an acceptable way to inquire about a position. A typical job portal has broadly following parts: S.No. Name Description 1. Employer Login Employers can advertise their jobs, can peruse the already uploaded resumes of various candidates. Besides this the employers can also put advertisements about their organizations on these portals. 2. User login Prospective job seekers can upload their resumes under their own login id and passwords and can update it at the required times. 3. Search of Jobs by Company Name Jobs can be searched by company name. 4. Search of Jobs by Location Jobs can be searched by the location (City-wise) 5. Search of Jobs by Category Jobs can be searched by category-wise e.g- Automobile, Software, Pharma etc. 6. International Jobs Jobs can also be searched Country-wise 7. Resume services Helps the prospective job seekers in the development of resume. 8. Jobs on SMS Job that matches the detailed profile and preferences already mentioned in the profile. This is a free service provided by many portals. The user has only to sms a number through his mobile and he gets back the matching job to his skills.