Posts Tagged ‘Engineering’

BPOs for Career Opportunities

April 5th, 2010

The ‘Outsourcing’ wave created ripples in the recent past. Now it seems like the ripple effect has settled down. Also, with passage of time, the awareness about BPOs has increased, therefore leading to a change in the industry’s general perception. Earlier, this industry was perceived as a tele-calling / tele-marketing job, attracting largely the college-going crowd, entrusting them with more money and less responsibility, and apparently fuelling the Indian culture with the Western influence.

But looking closer, BPOs are actually giving meaningful job opportunities and career prospects to people. They are not merely luring the young generation, but also working on accumulating people from all walks of life regardless of the age bracket. This of course, with the temptation of large sums of money which adds to its appeal of being taken up not just as a part time stint but a fully fledged career.

A BPO career is no longer considered as a lucrative ’stop-gap’ opportunity Rather, a viable and feasible option for any individual looking to improve his personal and professional skills to a great extent. Offering a professional environment with international exposure and a growth opportunity like no other, BPOs today have an edge over other career options. An industry that is here to stay not only offers a wide range of career opportunities but all in all an experience for any job seeker.

A BPO job was initially perceived as a very corrupt form of employment by the society at large, but is now proving itself to be one of the most important industries that are crucial to developing country like India.This is further accelerated by providing employment opportunities on a large scale and encouraging the masses to take up jobs that would allow them to make a significant contribution to their families in terms of finance.

The BPO industry today is one of the few industries which offer an employee the option of pursuing his/her higher studies which would help develop the individual’s attributes to a large extent. In most cases, this sort of an option is sponsored completely by the company. This in turn gives more reason for an individual to exploit such an opportunity, in its most positive sense.

Another reason of taking up a BPO job is the fact that though you have a high paying job, that is way above market standards, an employee would be provided with various other facilities to make his/her time spent in the office premises worthwhile, other facilities like transportation and food for the employees also comes included as perks.

Long working hours and sometimes a dull environment are the causes for increasing attrition levels in this industry. A BPO makes sure that it is next to impossible for their employees to get stressed at work, and contribute to the same efficiently. Having team building games and sessions, organizing monthly team outings as a break from work and providing a stress free environment on the floor contributes to the well being of the employee and keeps his interest levels soaring high with each day.

The industry actively encourages employees to move up the ladder or gain cross-functional skill sets. Most companies fill their front-end leadership roles from the talent pool available within the organization. Careers in training and development, personality development experts, communication and language specialists, quality management, the HR function, finance, banking and operations, analysts, sales and marketing, subject matter experts, are just a few options BPOs have, all set to be envisaged… explored.

A BPO job not only familiarizes a person with different ‘cycles’ but also teaches an individual the art of multi tasking and networking that helps in aligning themselves with the corporate world, therefore ensuring not just temporary growth, but a further comprehensive approach to growth itself which includes aspect such as monetary gain and career fulfilment.

BPOs have thus opened up the job market and provided employment opportunities to people who otherwise would not have made it without a degree or a qualification. Similarly, it has definitely given mobility to the middle class income group who would have earlier never dreamt of earning big bucks, and climbing up the status ladder. Hence, BPO’s today are the source to make ends meet for an individual. It will be responsible for the steady growth of not only the industry as such but to a whole nation waiting to prove itself to the world as a platform to make a career of a lifetime.

Source:http://mybangalore.com/article/0410/bpos-for-career-opportunities-going-beyond-medicine-engineering.html

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L&T to create arm for engg outsourcing

November 18th, 2009

Larsen & Toubro is set to consolidate its integrated engineering services (IES) business into one separate entity, a top company official said.

“We are slowly taking out our engineering related offerings from L&T Infotech and creating this unit since we felt that the focus on IES was getting diluted. Like L&T Infotech, this unit will be a 100-per cent owned by L&T,” Dr Keshab Panda, the newly appointed Chief Executive for IES, told Business Line.

He came on board L&T in September after a long stint with the then Satyam Computer Services where he was Head of Europe operations since 2004.

In line with the IES-focused strategy, L&T has hired management consulting firm Booz & Company. “Booz & Co will help the IES unit with services such as portfolio analysis, GAAP analysis, go-to-market strategy, etc. We will have greater clarity on our future business plans in a month or so,” Dr Panda said.

The company is in the process of working on the name of the new entity which will kick off with 140 customers and revenues of $125 million.

“My target going forward is to grow the business by 50 per cent every year through a mix of organic and inorganic growth,” he added.

The downside is that not all the 140 customers could be retained going forward. “A customer who is not going to scale up is not worth carrying,” Dr Panda said.

According to the L&T Infotech Web site, its IES practice consists of EmSyS-an embedded software and hardware service provider and L&T e-engineering, which provides engineering services involving electronic product design, development & testing.

E-engineering has been in existence for the last 10 years as part of L&T’s engineering and construction projects business.

Source: http://www.thehindubusinessline.com/2009/11/18/stories/2009111851200400.htm

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India’s engineering outsourcing market may touch $55 bn

November 17th, 2009

As newer customers, including automakers Renault, Volkswagen and Harley Davidson, seek to outsource their complex design engineering projects to India, the engineering services outsourcing (ESO) industry is set to achieve $55 billion in revenues by 2020.

Traditionally, aviation and defence companies, such as Airbus, Boeing and Bombardier, have leveraged Indian suppliers, including TCS, Mahindra Satyam, Infosys and QuEST Global, so far for outsourcing of design services, making it around $7-9 billion business for India currently. New outsourcers are seeking to reduce their costs by up to 30-40% and also shorten their lengthy design cycles.

For existing Indian suppliers, new customers offer an opportunity to move beyond aviation and defence projects. Mid-tier aviation and defence service companies, such as QuEST and Infotech Enterprises, have started diversifying in order to address these opportunities.

“Some of the potential customers include French automaker Renault, which is working on its ultra small car for the emerging market and US motorcycle maker Harley Davidson,” said a senior official at one of the tech firms exploring such contracts. While car maker Volkswagen plans to establish an engineering centre, Japanese automaker Nissan is currently in discussions with both TCS and Wipro for a potential contract, the person added.
Meanwhile, IT is not the only expertise these customers are seeking. Many automakers are seeking to outsource projects for niche capabilities.

“New partnerships are also being formed on new technologies, such as noise and emission reduction,” said Dataram Mishra, an aviation and defence expert who founded engineering design firm Cades Digitech.

With manufacturing and auto firms in the US seeing a revival in demand for their products, outsourcing of design and other IT projects is expected to gain momentum. Apart from auto, railways, heavy engineering and consumer electronics companies are also seeking suppliers. “In all of these verticals, large request for proposals are coming out from the US and Europe,” said BVR Mohan Reddy, chairman of Infotech Enterprises. “And they will come to India because of cost arbitrage advantage and on-time delivery,” said Mr Reddy.

According to experts tracking the sector, design projects can be done at $25 per hour, compared with $75 per hour rates in the US and Europe.

Meanwhile, India’s domestic market for electronics and auto products is also driving this growth. “Many automobile majors have already set up plants here. These trendy, fuel-efficient automobiles incorporate a variety of electronic modules and the production of such modules locally, in proximity to the automobile plants, is a definite advantage,” said MindTree senior vice-president & technology evangelist, R&D services, Padmanabhan SN said.

TCS, for instance, is working on hybrid-battery technology for fuel efficiency, partnering with a US-based automotive major. “TCS is expecting to grow the engineering and industrial services (EIS) business from 6% to 10% in the next three years,” said Regu Ayyaswamy, vice-president and global head (EIS) at TCS.

Source: http://economictimes.indiatimes.com/infotech/ites/Indias-engineering-outsourcing-market-may-touch-55-bn/articleshow/5237845.cms

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