New York firm outsources 1,000 new jobs to Philippines

NEW YORK - 

According to ABS-CBN's News Report, excel Service Holdings, a New York-based global provider of outsourcing and transformation services, announced they will add an additional facility in the Philippines.

The expansion will deliver operations in insurance, healthcare, customer service, finance, accounting and legal services, which is expected to create about a thousand high-level jobs in the Philippines.

Excel Services current operations in the Philippines has already employed 1,500 professionals.

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Meantime, the US Labor Department yesterday reported an increase of 24,000 more people filing for unemployment benefits last week. 

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source: ABS-CBN News

Over 500 thousand new jobs in 2012: India

The new year may bring in loads of cheers for job-seekers, as the experts expect the companies to hire more than five lakh new employees during 2012 despite the uncertainties prevailing about the overall economic scenario.
Adding to the cheers of the job market, the employees could expect double-digit salary hikes during 2012.
“If all goes well, and depending on policies of the government and market situation, more than 5 lakh jobs will be created across all segments," executive search firm GlobalHunt's Director Sunil Goel said.

The Indian job market in 2011, felt the ripple effects of the global economic uncertainty, but emerged out of it rather strong, as companies adopted a "cautiously optimistic" approach and experts believe in the new year jobs will continue to be added, albeit at a slower pace. 

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As per Monika Tripathi, Vice President (Heading the IT, ITeS, Telecom and Research practices) at recruitment process outsourcing firm Elixir Consulting, "The IT/ITeS sector alone will generate as many as around 3 lakh jobs in 2012."

Elixir expects the hiring activities to increase by 7-8 per cent in 2012, from the levels seen in 2011.
As the companies would increase their technology investments and entities from abroad look at India-based service providers or development centres, there is a bright prospect for both domestic as well as multinational companies based in India, in the IT/ITES segment.

In the coming months job, opportunities are expected to grow exponentially in sectors like retail, healthcare and IT & ITeS, defence, hospitality and consumer durable.