Category Archives: Employment

Online Recruitment – The Preferred Employment Route of Professionals

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Surveys conducted by independent agencies show that a whopping 80 % of the graduates rely solely on online resources to search for jobs. This clearly shows the amazing popularity that online recruitment enjoys among potential employees. It is clear from the above figure that businesses who are investing in newspaper advertising to recruit graduate talent for their organizations are clearly wasting their time and money.

In another study recently conducted by an employment agency a whopping 89% of the surveyed candidates stated that they only search for jobs online and nowhere else. They have gained a clear impression that major companies use online resources exclusively for all their recruitment needs. Newspaper advertisements for jobs, they feel, do not reflect the best jobs available in the recruitment sector.

Specialist recruitment agencies claim that the number of hits they get on their online recruitment sites have increased tremendously over the last three to four years. Respondents also claim to use social networking sites such as Twitter, LinkedIn and Facebook to look up corporate website updates. Fresh vacancies are usually put up by corporate on their Facebook account site through their status updates before they are made public through other sources.

Even professionals prefer searching online recruitment sites for better openings. Sectors such as Retail, Finance and Costumer Service professionals depend on online resources to search for better job prospects rather than look up vacancy sections in newspapers. In fact the tremendous response to online recruitment sites from professionals has forces some portals to launch specialized boards that list vacancies exclusively of jobs pertaining to a particular sector or category. The EngineerBoard launched by Jobsite in 2006, is one such classic example.

There are many benefits of advertising online, especially for professional job openings. Reduced costs of recruitment and less time taken to complete the hiring process are two of the major advantages. Apart from these, the application and selection process is extremely streamlined and consistent. These factors contribute highly to the success of online recruitment campaigns. Companies are also eager to communicate their organizational culture and benefits to potential employers through their online recruitment advertisements so that they are able to attract the best talent available.

Welcome to Recruitment Genius an online recruitment advertising service provider for your business. If you are ready to online recruitment for your business and want a way to find the best local candidates available then Recruitment Genius online recruitment company could well be the answer.

Catching Up Recent Ads For Recruitment 2013 In Indian Army, Indian Coast Guard And Indian Bank

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People will have to take care of this particular aspect, so as to check out various possibilities through written rounds and interviews. To make people aware about the different government jobs, the employment news and few other regular print and electronic sources are coming out with the most recent publications. They have the details of different jobs and the procedures to apply for these jobs. If people are to know about the government jobs in the country, then it is important that they check out these resources for their own career good.

Indian Army recruitment 2013

Indian army is one of the largest sectors of the armed forces, which attracts thousands of candidates from different parts. Indian army recruitment 2013 will be therefore an opportunity for country people to serve under the central government with a good pay packet. Recently the army has come with 23rd Pre Final Year University Entry Scheme for men permanent commission. There are also some vacancies for law officers in the Indian Army. Pre final year university entry scheme is scheduled for engineering graduates in different streams. Indian Army is such a large recruiting organisation that there are posts being advertised almost always. Depending on educational qualifications that people have and fulfilment of other criteria, the candidates can send in their applications and get into jobs with the recruitment drive in 2013 for Indian Army.

Indian Coast Guard recruitment 2013

Like the Indian army, Indian Coast Guard is also a huge organisation, which recruits eligible candidates in different technical and non technical fields. Every year, there are some posts advertised for various ranks in the Coast Guard. Interested people, with the right qualifications can put in their applications depending on the posts advertised. For the January 2013 batch, advertisement has been given for Indian Coast Guard recruitment 2013, for selecting Group A gazetted officer in rank of assistant commandants in the Indian Coast Guard. These posts belong to the general duty, pilot, technical, and a few other categories. There would be written rounds followed by interview and the candidates will then have to appear in the medical board. In 2013, there will be more number of positions which would be published, which candidates can secure for themselves, if they are preparing for them.

Indian bank recruitment 2013

Among the jobs in Indian employment scenario, the banking jobs have always been sought after by people. job security, job satisfaction, good pay scales and various other features are the advantageous points of these jobs. When the Indian Bank recruitment 2013 is published, there will be a beeline of applicants. These people will have to clear the IBPS CWE II test for clerical and officer positions. In December 2012, the CWE for clerical positions will be published, while that for the officer positions will come out in the month of March or April, 2013. There will be hundreds of posts in the clerical and officer cadres and interested candidates will have to apply at the right time and prepare properly for the exams.

Being updated about the important recruitment notices is quite essential these days, due to the online system of applications. There is a huge competition among eligible candidates to secure positions in the recruitment tests of important national level organisation. To counter the stiffness of the exams, it is essential that candidates be ready with their best efforts for successful attempt, with the right knowledge about different aspects.

After 1 Year, Obama Vs. Reagan

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As we approach the end of the year, we are also approaching the end of President Obamas first year in office. You might be wondering how he is doing, based on actual numbers (rather than political spin).

Obama clearly inherited a difficult situation economically. Only two others in the modern era came even remotely close. One, of course, was FDR, but unfortunately the data from then is rather sparse, and mostly available on just an annual basis, or at best quarterly (good economic data was one of the by-products of the New Deal).

The other who inherited a difficult economic situation was President Reagan. Granted, the type of difficulty was very different under Reagan, and presidents — like quarterbacks — get too much of both the praise for a good economy and the blame for a bad economy.

Still, I think comparing the numbers for the two during their first “year in office could be instructive. The data I used for the comparison are all available monthly (at least, and if more frequently, I used the monthly data). The source of all data is the St. Louis Fed (except for the S&P 500).

The two presidents offered very different prescriptions for the economy. Reagan was all about cutting taxes and less government involvement in the economy. While most of the really big moves of government into the economy in response to the recent economic crisis actually took place under President George W. Bush, Candidate Obama saw them as needed. The Bush Administration was the one that bought the stakes in American International Group (AIG – Snapshot Report), Fannie Mae (FNM – Snapshot Report), Freddie Mac (FRE – Analyst Report) and the banks, while Obamas support for a prepackaged bankruptcy resulted in large government stakes in the Auto industry.

There were no comparable big investments by the government into the private sector late in the Carter Administration, and certainly Reagan did not initiate any. Reagan did not have to deal with a financial meltdown when he took office, but on the other hand, Obama did not have to deal with runaway inflation. Both are serious diseases, but think of it this way: both cancer and heart disease can kill you, but you would not want to give chemotherapy drugs to a heart attack patient. Thus, perhaps it is appropriate that the prescriptions be different.

If one only looks at the unemployment rate (U-3), both did a poor job in their first year, and Obama was significantly worse. The unemployment rate in January 2009 was 7.6% and by November it had climbed to 10.0%. In January 1981, when Reagan took office, the unemployment rate was almost identical at 7.5%, and by November of 1981 it had climbed to only 8.3%.

Private employment actually rose during the first 11 months of 1981 by 0.55%, from 74.671 million to 75.084 million. Under Obamas tenure so far, private payrolls have dropped by 2.95% to 108.495 million from 111.793 million.

So on the employment front, Reagan is the clear winner so far. However, over the course of 1982 and 1983 the employment situation deteriorated significantly. We do not know what unemployment will do in 2010 and 2011, and thus can only judge based on what we have seen so far and in the comparable period under Reagan.

Advantage: Reagan

Reagan also wins when it comes to real disposable personal income, which expanded by 2.3% in the first 11 months Reagan was in office, while it has only increased by 1.0% so far under Obama.

Advantage: Reagan

The dollar was also much stronger during the first 11 months of Reagan, although I am not sure if that is a positive or a negative. During the first 11 months of Reagan, the dollar relative to an index of major currencies gained 9.88%, while under Obama, the dollar has lost 9.70% relative to the same index.

Given that we are running chronic trade deficits now, but really were not back then, I would argue that today a weak dollar is good for the economy today since it will help out on the net export side of things. Inflation is not a big problem today, but was the number one problem with the economy when Reagan took office. The downside of a weak dollar is that it contributes to inflation, so back then having the dollar strengthening was a good thing.

No Advantage to Either

On the inflation front, however, things are far better under Obama. On a headline basis, prices have gone up by 2.39% so far under Obama, while they rose 7.57% during the first 11 months that Reagan was in office. On a core basis (ex-food and energy) the difference is even more stark, rising 8.31% under Reagan and up just 1.51% under Obama so far. Later in the Reagan Administration, inflation fell much more, but even when he left office in 1989 inflation was far higher than it is today.

Advantage: Obama

Industrial production fell slightly more during the first 11 months of Reagan (1.07%) than it has under the first 11 months of Obama (0.68%). Capacity Utilization started out at a much lower level when Obama took the oath than the Reagan did, at 71.1% (an all-time record low at the time) vs. 80.7% when Reagan took office. However, by November of 1981, the total capacity utilization rate had fallen to 77.9%. Under Obama, capacity utilization has actually risen to 71.3%, although it remains at a historically low level.

Advantage: Obama

Interest rates can tell a lot about the state of the economy. For example, the spread between the rate that gilt-edged companies have to pay on their bonds and what normal companies have to pay on their bonds tells a lot about how much bond investors fear companies going belly up. The former is measured by the Moodys (MCO – Analyst Report) Aaa rate and the later by the Baa rate (not to be confused with “junk bond” rates; Baa is still investment grade).

In January of 1981, the best credits in America had to pay 12.81% on their bonds, while normal companies had to pay 15.03%, for a spread of 2.22% (or as a ratio, normal companies had to pay 17.3% more than the gilt-edged ones). By November of 1981, both the best and the ordinary had to pay more — the Aaa rate had surged to 14.22% while the Baa rate had risen to 16.39%, so the spread had fallen ever-so-slightly to 2.17. The ratio had come down a bit more, and the ordinary firms were paying 15.3% more than the best firms.

When Obama took office, the Baa rate was 8.14% while the Aaa rate was 5.05%, for a spread of 3.09. In other words, ordinary firms had to pay 61.2% more for money than the best firms did. Investors were very afraid that companies would go bankrupt, and so demanded a higher rate from normal companies than from firms that seemed to have very little risk of writing a new chapter (the eleventh) in their corporate histories.

Since then, the rate the highest-rated firms have to pay has actually increased slightly to 5.19% while the rate that normal firms have to pay has plunged to 6.32%, bringing the spread down to 1.13% and the ratio down to the point where normal companies are paying 21.8% more for their money than the Aaa firms.

(Given the huge difference in the overall level of interest rates between the two eras, it is important to look at both the spreads and the ratios. Clearly a spread of 2% has a very different meaning and significance if it is between 1% and 3% than if it is between 13% and 15%).

Advantage: Obama

Another important signal that comes from interest rates is the yield curve, or the difference between long-term and short-term interest rates. The curve is measured using Treasury notes or bills, since you only want to be looking at the differences due to maturity, not due to quality (the opposite of the Aaa-Baa spread, which is only looking at quality differences, not maturity differences).

While there are many different measures of the curve, the one that is used the most is the difference between the 2-year note and the 10-year note. Generally speaking, the steeper the yield curve, the better. An inverted yield curve is very bad news, and is probably the best single indicator that the economy is about to go into a recession.

When Reagan entered office, the 10-2 curve was inverted, with the yield on a 2-year note at 13.26% and the yield on the 10-year at 12.57%, for a spread of -0.69. On a ratio basis, the 10-year was providing only 0.95 of the 2-year. By the time November of 1981 rolled around, the curve had returned to normal but was still pretty flat. The yield on the 2-year had fallen to 12.88%, while the yield on the 10-year had increased to 13.39, resulting in a positive curve of 0.51. On a ratio basis, the 10-year was 1.08 of the 2-year.

When Obama entered office, the 2-year was at a very low 0.81% while the 10-year was 2.52%, for a positive spread of 1.71%. On a ratio basis, the 10-year was yielding over three times as much as the 2-year (3.11x to be exact). By the end of November, the curve had expanded even further, with the 2-year virtually unchanged at 0.80%, while the yield on the 10-year had risen to 3.40%, for a spread of 2.60% and a ratio of 4.25x. Again, given the vastly different overall levels of rates, it is important to consider both the spreads and the ratios when making the comparisons.

Advantage: Obama

Mortgage rates were both far higher and moving in the wrong direction early in the Reagan presidency. When he took office they were at 14.90%, and by November they had risen to 17.83%. When Obama took office, the rate on a 30-year fixed mortgage was 5.06% and has since fallen to 4.88%.

Not surprisingly, then, the housing market was far worse under Reagan than it has been under Obama (at least if measured by direction, not levels). In January of 1981, housing starts were running at a seasonally adjusted annual rate of 1.547 million, and by November of that year they had plunged to 837,000, a decline of 45.9%. Since January of 2009, housing starts have risen from an annualized rate of 488,000 to a rate of 574,000 in November, an increase of 17.6%.

Advantage: Obama

Similarly, single family new home sales plunged by 25.2% early in the Reagan years to a rate of 382,000. Since Obama came into office, new single family home sales have risen by 22.2% to an annualized rate of 402,000. Existing home sales are not particularly important to the economy (just like used car sales are not very important).

Auto sales also fared worse under the early part of the Reagan Administration than they have so far under Obama (at least as measured point-to-point). When Reagan took office, auto and light truck sales were running at an annualized rate of 11.03 million and had fallen to 9.21 million, a decline of 16.5%. Under Obama, auto and light truck sales have risen from an annualized rate of 9.59 million in January to a rate of 10.89 million in November, an increase of 13.6%.

Advantage: Obama

Finally, while people sometimes make too much of the day-to-day fluctuations in the stock market, it is a good reflection of the overall health of the economy when you look at longer time periods — and almost a year is long enough to qualify there. On that metric, there is simply no contest. Between inauguration day and Christmas Eve in 1981, the S&P 500 lost 7.65%. Since Obama took office, the S&P 500 has gained 39.9%.

Advantage: Obama

Weighing these different economic indicators is inherently subjective, and thus I am not sure that one can come to a clear-cut case that one has done a better job than the other — at least so far. This is also far from a complete list of economic indicators and I focused on only those that were available at least monthly, and many of the most important economic numbers come out quarterly.

Arguably, the economic mess that Obama inherited was worse than the one that Reagan inherited, although both were pretty nasty — yet very different. The U.S. economy is more of an oil tanker than a speedboat, and does not turn around on a dime, so it really is too early to tell how Obama is doing.

However, the indicators that are most forward-looking and leading for the economy (stock market, yield curve and quality spreads, housing starts) are the ones that favor Obama over Reagan. Overall, 11 months in, one must conclude that Obama is doing at least as good a job on the economy as Reagan did in his first 11 months.

Things to know for Legal Assistant Employment Application Questions

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Corporations and law groups which offer legal services to their buyers hire paralegal associates and trainees who assist them in their legal activity. Every business requirements a good and knowledgeable worker for itself and it’s the same in situation of legal groups, they need intelligent paralegals that have thorough knowledge about legal proceedings. Prior to the official hiring and recruitment in the paralegals, the businesses or groups eat a testing test and an job interview to scan the candidates. This method helps to identify the correct person inside group who has to become selected. A general legal questionnaire is prepared by staff which includes queries inside the respective field. Sometimes paralegal job interview queries are incredibly tricky and fact oriented where an individual has to give appropriate references for his answers. Paralegal job interview is not as easy as the popular task interviews are because it requires the base of info and their appropriate legal things in their support.

Generally, most of the legal corporations research an excellent legal assistant so they don’t ask about legal procedures and related laws like “what is your knowledge about formal legal proceedings? This a weird kind of question if asked from a legal assistant inside a paralegal interview. The principal focus is towards the candidate’s easy skill and research abilities, regardless of whether a candidate can probe out detailed analysis about a legal scenario. Some legal businesses ask for strengths and weaknesses of an individual who is trying to find a task for your paralegal assistant. These sorts of questions are irrelevant to the career but they supply an initiating point in your formal session or sometime it may possibly begin with asking a person’s name. Generally, candidates who have completed their paralegal training make it through since they’ve rich knowledge about several legal aspects. And after the paralegal job interview questions arrive to civil matters, they typically ask questions related to intellectual property rights and real estate laws.

Paralegal job interview queries like “why ought to we take you as a paralegal? These kinds of questions are really confusing and put a candidate inside a quandary case mainly because a single wrong word can make the situation worse. In this respect an appropriate resolution based answer is needed which can justify the question. Sometimes the paralegal job interview questions may be from employer employee relation; just the straightforward rules practically nothing in depth is required. If someone has already got some experience as a paralegal then question may be asked about his jobs like his branch of working, documentation program is really important. If any question is related to past jobs experience then the answer needs to be stated inside a professional way due to the fact this will help an individual in elevating his profile. There are lots of open shut queries which are asked like “Describe a single of the worst experiences”. Another person has to react professionally and need to respond with a precise answer rather than indulging in details. In a paralegal interview, they may possibly ask about a person’s confidence level or his motivation techniques. Mainly the questions asked are from professional background of an individual including his past experiences.

Boone Gomez administers legal assistant.biz. For more information on paralegal interview questions and answers, visit http://www.legal-assistant.biz

Types Of Employment Pass In Singapore

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If you are planning to put up a business in Singapore or just live and work there, it is important to consider some legal factors to make your stay a legit one.There are many choices for what should be the employment pass you need to get for you and your family.

When it comes to employment pass in Singapore the two main consideration is the salary and education.Work experience so do your age and nationality will also be a consideration.

Provided that several people are certain of a minimum of ONE factor of their employment criteria, employment pass options will be presented around key individual criterion to expedite identification of the employment alternatives available to you. Given below are the key variables that may affect the corresponding work pass options.

The Regular Employment Pass

This pass is split into 3 different categories (P1, P2, Q1) and is largely dependent on salary requirements.For P1 the salary should be above S$7, 000, for P2 it should be above S$2, 500 and Q1 is above S$2, 500.A diploma or certificate from a prestigious is required for EP.This will be on case to case basis.If an employer wants to hire an individual, they should take care of the EP for them as well as provide sponsorship for them.Therefore, the EP is only valid for the specific job it states, and if you leave that job, you will require a new EP.EP holder’s family will now be permitted for Dependents Pass that will be valid along with EP.Even if the family will not be given the chance to have the dependent pass, they will still be given the chance to have a Long Term Visit Pass (LTVP).This does not apply for Q1 holder family members.Having a DP or LTVP alone, does not allow the pass holder to work in Singapore, a relevant work pass is required.

Personalized Employment Pass

Personalized EP will be applicable to foreign individuals whose monthly salary is minimum of S$7,000, foreigners who graduate from Singapore universities, as well as current and former P1 holders whose last salary was above S$30,00 annually and current P2 and Q1 holders with at least S$30, 000 annually.Salary and work experience is being considered and that the individual should not be unemployed for six months so that he/she will be allowed to apply. Personalized Employment Pass holders’ families are eligible for Dependent’s Pass as well as Long Term Visit Pass.

EntrePass

For investors and foreign individuals who want to put up a business in Singapore, EntrePass would best fits them.The main requirement to be eligible for an EntrePass is to have a company registered with ACRA, the organization that deals with Company Registration in Singapore.Q1 and P are the two types of EntrePass which largely depends on the salary. The main things needed for an EntrePass are, the company should have a minimum paid up capital of at least S$50, 000 and 30% ownership and that the individual is active in the whole operation of the business.Owners of coffee shops, bars and night clubs are not allowed to apply for an EntrePass.The legit family of EntrePass holders are now permitted to apply for Dependent Pass and Long Term Visit Pass.

Dependent’s Pass

Dependent Pass will be applicable to family members of Singapore EP holders, Personalized EP holders, EntrePass holders and S Pass holders.Requirements should be met first before applying for dependent pass.Spouse of the holder and child of the holder who is below 21 years old is allowed.New born babies, legally adapt children and step children are also accepted. Past the age of 21, some DP holders who are the children of the work pass holder may be eligible to apply for a Long Term Visit Pass.The valid duration of EP, Personalized EP, EntrePass or S pass is the same with DP. DP holders are permitted to work in Singapore but should have a work permit.Working in Singapore is not allowed in DP but living and studying are only the inclusions.

Long Term Visit Pass

Long term visit pass will be applicable to the family of P1 and P2 EP, P1 and P2 Personalized Ep and P EntrePass holders.Common law spouse, unmarried daughters above 21 years of age , handicapped children which age is above 21 years old, step children, parents, parents in law are considered the direct family.Those who are above 21 years old of a work pass holder will be liable in providing for themselves and is not allowed to live in Singapore based on the working situation. However, daughters who are originally DP holders can apply for LTVP when their DP expires.60 months or 5 years will be the validation of LTVP.Much like a DP, a LTVP does not authorize employment of the LTVP holder, and LTVP holders must apply for their own relevant EP before being able to legally work in Singapore.

From the summary of main work pass types it should be possible to identify at least one that is relevant to

you and your family.To get enough knowledge on the pass that will be applicable to your family, take a visit on Singapore Ministry of Manpower website.If a professional service firm will help in incorporation of business in Singapore, then they will also be a big help in this matter.It is fact that the businesses in Singapore is achieving a lot.The qualifications for getting work permits is not that high for foreign investors than any other offshore business.Meanwhile, the whole process for application of work permits will be more organized.