Reality of Job Search during Market Slowdown, Recession - 2024 | Anand Vaishampayan
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- เผยแพร่เมื่อ 19 เม.ย. 2024
- Navigating the job market during a downturn can seem daunting, but armed with the right approach and insights, triumph is within reach. In this essential video, I, Anand Vaishampayan, tackle the pressing questions surrounding the job market's current state, optimal timing for job changes, and strategies for success amidst a recession in 2024. Through the compelling stories of three individuals who successfully secured job offers against the odds, I aim to illuminate the path to job search victory.
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The reality is there are many jobs that are posted are fake. Companies are doing this scam because by doing this they can create their own image in the market and can attract investors.
Can confirm it's true, I've personally seen such cases
very true i agree on this seen in my cases as well.
True
True
Agree... LinkedIn fake vacancies
I think you're doing the right thing by sharing this to a wide audience, but the experienced folks should already know what you've already shared
Jobs are there in the market, The problem is that companies are not ready to give a good salary hike, Ngotiation is on the work from home
That is true.
Being fresher we are not even getting opportunity to apply for job...no hiring for freshers
@@yt_not_necesssaryare there any mass off campus haring going on...
In the companies like
Accenture, infy tcs wipro hcl etc..
@@yt_not_necesssary yes 😥
Guys I need an advice. I work in customer service from last 5 years. I get 60k per month. I want to do mba but I also want to do business. I have 25 lakhs savings so I am confused if I should invest that in mba or any business.seeing current situation I am scared to do mba
I am IT professional, lived in USA for many years, and now visiting USA Chicago area after post pandemic. Now, things looks entirely different partly due to remote work and online shopping and it is effecting foot falls visiting businesses
- visited outlet mall and see only 5 people visiting 3 stores. After lunch I enquired and found that business is very bad during weekdays and okay on weekends.
- Vjsited Indian and Thai restaurant and there too same story .. and they too are echoing same concerns ie not many visiting their businesses like pre-pandemic ..
I experienced quality of projects fall down due to remote and hear many times from my client.
As India is getting more expense compared to 5 years backs .. some companies are outsourcing to near shore ie. Mexico, Chili, Canada.
Let’s brace that future IT job market will be more tight due to quality of work (due to remote), expensive and Artificial Intelligence..
Above notes and observations are from my experience .. and this comment does not oppose your thoughts and / or comments ..
Upcoming Recession is the biggest reason you didnt mention. Funding/expenses is being scaled down.
I dont think there are many other countries who can replace India in IT.
❤you Anandji
Vry True as 2 what is happening in d current scenario. But consistency, perseverance coupled wit determination is d true essence of LIFE!!!!
Recession just started, Iran Israel war, usa crazy inflation , huge us debt, huge Indian debt, AI, Devin, go to Village and do farming atleast you will live a peace ful fit healthy life .
Farming is not as easy as it feel there are a lot of things that farmers has to go through life look more hellish in farming business.
Devin is past now.
Bro is telling facts 👍
Yep like snake bites, droughts, severe rains and farming in excessive heat is more unhealthy than living a lazy life in cities nowadays these are just 10 percent of the problems i know of their are many more@@prashant2187
@@prashant2187but bro farm kaha mil rahaa hai ,main toh gaanv se hoon majdoori karna hota hai papa ko 😢 , main toh private college se engineering kar raha tha first year me hoon , iss saal ek ka bhi placement nahi hua mere college me and Mera toh man kar raha hai , Graduation complete karke gaanv me kuch business start karoon, ya rrb ntpc ka vacancy nikal raha uske liye appear karoon because family financial condition thik nahi hai abhi toh 😢
There are more people waiting to get a job and hence companies are very choosy about it. They want more skills at lesser salary
On point
We all want more at less price
@@kgf_2030What more are you getting at less price? Practically nothing in the market. Definitely not real estate!
But when it comes to paying employees where their life and their family’s life is dependent on it, they don’t.
Market is very low right now. Demand for IT service is all time low. USA clients are afraid to spend on 😢
Recession is going to hit in a few months.
@@prashanthb6521 ya new war started usa, russia, iran, israel etc.
Thank u very much sir....
Thanks for the video. It was really helpful.
Recession is still there, HR's are posting the job and even they are calling
After taking the details, they are neither scheduling the interview and if interview is scheduled either they cancel it saying as position went on hold or they are simply not moving forward.
Yes, correct
Yes absolutely right same thing happens to me...this is very pathetic satuation don't know what to do at this time only one thing we should do try...
You were right in earlier video, it is not like today I got layoff, tomorrow I update resume, next day I get interview call and next day I join company
Hi
@sudhirkulkarni566 sir apna no. Please dedo I had switched my job after 3 year of experience but no interviews call and if they call then they makes us wait after 1 round of interview
Good Anand
It's helpful
This video is really useful . I am also looking for the job opportunity in Frontend React js Domain
Thanks for the video.But remote experience is going to count as regular IT work experience ?
Again a golden video at the right time😂
😂 dhruve rathe effect
True i too cracked hard but everywhere its like we are ready to take only if u agree to work for contract of 2 yrs 3 yrs if you break bond inbetween you have to pay us
Im getting my hopes lost
Please Talk about freshers too. 😢
Sir, how can i also connect with you for guidance
Infosys earnings did not increase this quarter. Clients in United States are not going to easily increase the billing rates. AI will affect business of IT companies in India and across the world.
HCL is not giving HIKE even to Good Performance resources...
simply saying this all the things nothing will work.I tried increasing the network and ask people for help but till now no reply from one person.
Indian companies make big promises to the clients to secure heavy margin. Then they need tailor made candidates with n number of experience in n number of technologies. One job is floated to 100s of sourcing agencies. In the interview they ask questions that are like puzzles and have no real world significance. Subcontracting is like X company hires you to work for Y company that has Z company as end client or maybe another client J. Too many intermediaries.
Thanks.
Sir, are you aware of any WAF/CDN requirements for 7+ year experienced
If you don't know the reality, keep ur click bit proper, why are wasting others time
I'm set to complete my MBA in Finance in 2024, but I'm facing challenges with campus placements. The companies that are coming to our campus are primarily startups hiring at low packages , and they aren't doing bulk hiring . As a result, only about 50% of our students have secured jobs.
Should I wait for more campus placement opportunities, or should I use my personal connections to try to get into a more established company?
Personal connections is a must. So let campus happen but you search on your own as well. Atleast you will have smth to compare with.
Which college bro
@@Ankitjaiswal-hd7pv IMDR , Pune
Neeed your help for resume
Sir quit job without having offer. Now im not getting any offer. Even im not able to crack the interviews. What to do in this situation.
Thanks for the video sir. I have request to share your thoughts on regional biases at workplace and how to build work relationship with coworkers and its impact on career growth. Sometimes due biases in new workplace one tends into same company for longer time.
Any example?
TH-cam influence people also become more profit oriented than service oriented why not big tech company 😂
Pls talk about Foreign languages and technical opportunities one can have?
Sir I have a 2.5 years of experience as a Data scientist, and I was laid of last year
I am applying for a jobs but not getting a single call, abb to depression aane lga hai, please help me🥺
sir i have 1.5 years of experience as UX UI designer but i have lost my job on april 3rd 2024 due to company financial reason. its been more than 3 weeks i havent got a single call irrespective of applying to more than 100 companies. many companies have rejected my application. i just want to what is going on right in UX design field. is there any recession going on in IT or for particularly UX field??
Same for me, I didn't understand why?
There's any way to get good job.
How much do you quote your expected salary?
@@feddythechamp 9LPA bro, My current CTC is 6.2 LPA
Sir kindly talk about 2024 a fresher looking for job because it’s really pathetic situation right now market
The current situation is nothing compared to the recession of 2002 after 9/11 and .com burst in US. I graduated in 2002. That time almost all companies stopped campus interviews. Finding a job was very difficult because the use of internet was very limited. We had to visit the companies in Noida/Gugraon and Delhi consultants in person with paper resume. Thousands of people flew back to India from US by abandoning their cars at the airports because you could not stay even for a single day in US after losing job. Companies fired the people randomly. No performance criteria. That time, IT dream was almost over for the people. But eventually market got better in a couple of years and people started getting the jobs. All students from my batch secured the jobs and most of them are now well settled in foreign countries or big companies in India. During my struggle time, The neighbors used to say why did I do MCA? Why did not you do BEd. At least you would have got a teaching job in a school. Believe me - Getting admission in MCA was very competitive in those days.This phase will also pass and eventually the market will get better. Patience is the key.
Let me tell you am giving client interview last 8 months fortunately I have job but client also taking lots of hard interview 😢😢 and very specific for choosing people.
@Career Talk , please review my resume i am working as java archtect . Need your advice as I have taken naukri paid services still not gettiing interiew calls
1:05 Sir 6 years exp dekh kar toh aur demotivate hogaya , ab hum jaisa , 2 years exp kaha jaayenga !
2016 - Manufacturing sector collapse
2019 - civil sector and other core sectors
2024 - IT
I am.surpised that you are still discussing on the recession and job market ,while not highlighting that there is a systematic change happening now due to Gen AI and will never be the same again..else companies like TCS, infosys and other big Tech companies Google. MICROSOFT among other would have not reduced their head counts drastically..
Jobs will.keep reducing in the future and will never return 2021or even 2019
I think the focus of this video was the three success stories.
Gen AI is, of course, making it challenging for most candidates.
Then why giving Caption as Is Recession Over to catch eye balls ..
Headcount reduction might not due to gen AI, this is due to recession in Europe, wars, inflation
AI is overhyped. High interest rate by the US central bank is the reason for slowdown. High interest rate to reduce high inflation.
Learn economics, and then u will know why recession is happening.
@@ambition4195 ..I know ecnomics
.no need to point here..only I raised the point that video is about recession and I didn't see.anything related..also please be aware that inflation ,war and geopolitical are in play ..but please be aware that AI is majorly impacting and there is systematic shifts in job market..and the numbers of jobs are going to be in declining phase permanently and will never come back again
Hello Sir, I am a subscriber of your channel. I am a SW engineer with 15 year experience. Due to personnel issues, I had to work in a support project for 8 years (lost all my technical skills) and now I want to reshape my career. As part of I started writing certifications. Still confused about the handson experience. Please let me know what are all the possibilities for me to re-start?
Sir help in canada also pls 🙏
How to avail your services for resume ?
Lost my Job on Feb3 rd 2023, still looking for a BA Role, Anybody referal please reply. 7.5 years on Software Testing looking for a BA Role.
Recession is still there believe it but if you have luck & skill nothing can stop you
We can acquire skill... Where can we acquire luck😂
@@user-hs3ih4fh4b nice 👍🙂
Anand - layoff Hexaware technology, he is start passive income (family support) Gyan master and scammer trap.
Sorry could not understand your statement .
You're right he has more than 20 years experience in IT companies. Might be he has enough financial backup to start this kind of talks. But somewhere I found his talks lack of today's ERA information, how technology is changing drastically. Hello should talk on it, and help youngsters to grown with this changing tech stack.
Sir Please guide. I'm working as a .Net Developer in a service based company handling for client. But currently at client side I'm not able to perform well as I'm not getting clear understanding of the work. Also I'm trying to get clarity on task from client's project manager and other developer but not helping much. what to do should I look for other opportunities. also getting signals in my company no growth no future career.
Don't worry and fear at all. Set up a meeting with your client manager and called out your situation clearly. in stand up you can ask for help with developer also. If it all fail talk to your company manager and let him know what issue you facing. I am 100 % sure it will remidiate. I faced similar issue and resolved this way .
What is the job scenario in Canada after doing 1 year MBA from there?
Canada is over saturated now due to huge number of immigrants.
Us jobs go better position are not sir
No, freshers are kept on hold, ......our kids are frustrated, my son has gone silent, he doesn't talk, hell with it industry
Still people who got placed in 2022 not yet received the joining & onboarding date
Sir I request you to please please reply .....should I serve the PIP or resign ????
During pip can I resign would I be getting time to serve notice period ....please please reply sir 🙏
keep trying for a job while ur on PIP and only quitwhen u have a job in hand
Buy some time
..stay where you are and continue to explore outside
Let me say this, whether you believe it or not. MARKET IS REALLY REALLY BAD. it's not happening to few people.
I saw a comment from a girl who did not get a job since over a year.
Especially when everyone is biased to women.
And if a person of 9 yrs of experience needs to wait for 1 year to get job again, then market is really bad.
When freshers aren't getting any opportunity, u can say that the market is bad. Imagine what's gonna happen next year. It's gonna be hell of a competition for couple months if not year or more. Selection rate right now for 1 job role in 1 company is 0.5%. if 2 positions and 500+ candidates applying.
Stop saying market is not bad. That's misleading and that's why people are in self doubt.
Old water New batel
Recession is upcoming
The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $750k is down to $592k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
fascinating! I am new to this whole thing. I've heard that now is a wonderful time to buy, and basically, I have some cash hanging around in the bank that I would really like to spend, especially since inflation is at an all-time high. Who is this coach that helps you, and may I check them up?
I'm grateful for this advice. Finding your coach wasn't too hard. I researched her well before arranging to speak with her on the phone. Considering her resume, she appears competent.
Not correct info...... Situation is not good..... Your topics changed posituvely but actual situation is negative......
Ur rite gpr