New Age Job-Channels

Gone are the days when people used to depend only on “Employment News” or “Situations Vacant” positions in news papers or listen to All Ind...

Gone are the days when people used to depend only on “Employment News” or “Situations Vacant” positions in news papers or listen to All India Radio for job openings. The world has become net-centric with the advent of Internet. Searching for jobs had never been so easier.

This post has been made as a sequel to my previous post Job Channels, in which I discussed the traditional channels of jobs, which had been in existence even before the internet came.

With the advent and maturity of internet, two very New-Age channels evolved:
1.0 Job-site based Jobs.
2.0 Referral Jobs (Buddy Lao jobs).
In fact, while the former is only about a decade old (started in India in March 1997 by Naukri.com), the later evolved very recently and is growing rapidly. Let us know more about them:

1.0 Job-site based Jobs.
Imagine job-sites as a huge employment exchange. In employment exchanges, you feel up a form to register and submit your records (i.e. your biodata). When there is a job availability meeting your qualifications, you are called for the selection process.

Same thing happens in Job-sites also, only this time over internet. You need to feel a form to register and submit. You can upload your resume during registration or at any later time. Do you need to pay anything for this service? No, It is free.

How do you get a job after you register?
The recruiters searches for the people who has the qualifications needed by them in the job sites and incase your qualifications meets their criteria, you are called for the selection process. Simple, is not it? As I told you, Job Sites are nothing but huge Employment Exchanges!

What do you need to get jobs through job-sites?
Just a valid e-mail id for registering in the job-sites. If your resume is ready, you can upload it during registration or you can upload it or modify it at any later time.

Where to register?
There are dozens of job portals like Naukri.com, Jobstreet.com, Clickjobs.com, Monster.com, details of which have been discussed in section: Discover yourself: Head Hunter Links

Once you have prepared your resume, submit it in job-sites such as Naukri.com, Jobstreet.com, Clickjobs.com, Monster.com. You can register in multiple job-sites, but if you are from India my choice is Naukri.com, for the reasons given in Head Hunter Links . What you need is only a valid E-mail ID. You can register in the site now and upload the resume later.

4.0 Referral Jobs (Buddy Lao jobs):

As the name suggests, an individual working in the recruiting organizations refers about these job availabilities to persons whom he knows closely having the required eligibilities.
When the referred person applies and gets a job, both the referring as well as referred individual (getting the job) benefits. How? The referred individual benefits by getting the job while the referring person may win a handsome amount, if it was done in a Employee Referral scheme (Called Buddy Lao schemes popularly).

How much the referring individual earns?
This varies from organisation to organisation and in the same organisation from position to position. But just to give you an idea: Cognizant pays between Rs 5,000 and Rs 50,000 per candidate depending on the level at which the referral is made.

Why are the organizations offering Employee Referral schemes?
Because even they benefits as the hiring cost is minimum and almost always the right person is recruited.

Quoting few lines from “The Hindu Businesslike”:
"Companies are encouraging referrals by compensating employees for every referred candidate hired. Cognizant pays between Rs 5,000 and Rs 50,000 per candidate depending on the level at which the referral is made "
.....Of the 11,000 people hired by Wipro Technologies in the last six months, 16 per cent was through referrals....
......Tata Consultancy Services (TCS) has hired 1,920 of the 16,000 people this year through referrals...
......Infosys Technologies has reward mechanisms to suit referrals at different levels and TCS has a `Buddy Lao' (Bring a buddy) scheme...

How to get a referral job?
You must naturally know the person who refers you for the job. The best way to know this person is to network..

How? There are many ways to network:
i) Alumni association:
The most effective of them is your own school/college alumni association. From amongst them you should be able to find which alumni can help you in the field you have specialized in.
ii) Members of the academic fraternity: This can be your teachers, staff members, friends from other institutes etc.
iii) The Members of clubs or other organizations to which you belong.
iv) Online networking sites:
LinkedIn : Mainly used for professional networking. Job seekers can review the profile of hiring managers and discover which of their existing contacts can introduce them. LinkedIn also offers a job search tool called JobsInsider.
Batchmates : Good to find your old classmates and seniors from your schools/colleges.
Above three sites are for examples only and you should subscribe to that site in which you can find maximum of your target contacts.
When should you start networking? Well, you should network as early as possible.. may be even before your penultimate years.
Above rounds up our discussion on the job channels - New-age & Age-Old channels. Do you have anything more to add? Kindly give your comments below.

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Career Quips: New Age Job-Channels
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