Tag: software

Infosys, TCS & Wipro see big jump in campus offers acceptance as jobs shrink with each passing year

Infosys, TCS & Wipro see big jump in campus offers acceptance as jobs shrink with each passing year

As the number of jobs in India’s $160-billion information technology industry starts shrinking with each passing year, engineering graduates across are scrambling for every vacancy in a sector that was once a big employment generator.

The percentage of fresh engineering graduates accepting campus offers from India’s largest software firms such as Tata Consultancy Services, Infosys and Wipro has jumped significantly in the past three-four years, according to company data and executives.

For instance, at Wipro, job acceptance rates have risen to 85% from 65% three years ago, said an executive who didn’t want to be named. Others said this mirrors the […]

Robots are responsible for low wages, Trump and the Brexit

Robots are responsible for low wages, Trump and the Brexit

For decades, economic textbooks have highlighted the golden relationship between productivity and wages. As workers are able to produce more, employees reap the gains in the form of higher wages.

But this is no longer the case. View gallery . Wages and productivity climbed in lockstep between 1950 and 1980. However, there is a striking divergence between the 1980s and today. Even with the unemployment rate near multi-decade lows, Federal Reserve Chair Janet Yellen highlighted concerns about the lack of wage growth and underemployment during her speech at Harvard last month.

“We’re close to an unemployment rate that I think most […]

Infosys, TCS and Wipro see a big jump in campus offers acceptance as jobs shrink with each passing year

Infosys, TCS and Wipro see a big jump in campus offers acceptance as jobs shrink with each passing year

At Wipro, job acceptance rates have risen to 85% from 65% three years ago, said an executive. Others said this mirrors the industry average of 80-85% now against 65-70% in FY12. BENGALURU: As the number of jobs in India’s $160-billion information technology industry starts shrinking with each passing year, engineering graduates across are scrambling for every vacancy in a sector that was once a big employment generator.

The percentage of fresh engineering graduates accepting campus offers from India’s largest software firms such as Tata Consultancy Services BSE -0.49 % , Infosys BSE -0.74 % and Wipro BSE 0.37 % has […]

Book review: The Rise Of The Robots

Book review: The Rise Of The Robots

The Rise Of The Robots—Technology And The Threat Of Mass Unemployment: By Martin Ford, Oneworld Publications, 334 pages, Rs.599. If the Industrial Revolution introduced the assembly-line production concept in factories, the 1950s and 1960s saw companies like General Motors introduce robotics on shop floors. These developments, however, will pale in comparison to what is in store for the human workforce a few decades from now, given the acceleration in capabilities of software automation and artificial intelligence (AI) driven predictive algorithms.

The Rise Of The Robots—Technology And The Threat Of Mass Employment by Martin Ford is a well-researched attempt to […]

The race between machines and humans: Implications for growth, factor shares and jobs

The race between machines and humans: Implications for growth, factor shares and jobs

Concerns that new digital technologies, artificial intelligence, and robotics will create widespread technological non-employment are now widespread. Various recent labour market trends, ranging from declines in US labour force participation to increases in wage inequality and the share of capital in national income, are seen as harbingers of this new normal (e.g. Brynjolfsson and McAfee 2012, Akst 2014, Autor 2015, Karabarbounis and Neiman 2014, Oberfield and Raval 2014). A major shortcoming of the typical arguments about technological non-employment is that there is no clear reason why the effect of new technologies will be different this time than in the […]

Sub-anchor: Key factors affecting graduate employment

Homepage > China Video

CCTV.com

Font size: For more on this story, we are joined in the studio now by CCTV’s Jin Yingqiao.Q1. Nowadays, unemployment among university graduates is a serious problem. Tell us some of the key factors behind this.Well, first of all it’s the economy. The dreams of graduates are competing with an economy growing at the slowest pace in a generation.The decline of export and de-capacity have led to a decrease in demand for labor force, which in turn has affected the employment of college graduates. Moreover, developing technologies have eliminated a number of jobs so […]

Is the threat of job automation affecting your recruitment strategy

Is the threat of job automation affecting your recruitment strategy

Is the Threat of Job Automation Affecting Your Recruitment Strategy?

If the threat of job automation is impacting your organization’s ability to attract top talent, it’s likely time to revisit your recruitment strategy. Because technology has become a big part of how different industries perform tasks, it can cause a fear of job stability for many employees seeking new positions in these industries. Fear of being replaced by software or an algorithm can cause job seekers to consider switching industries or independently pursue training.

According to ADP’s study 43 percent of employees believe that “automation will replace employees for repetitive […]

Automation And The Future of Work: Are Management, Creative, And Administrative Jobs At Risk?

Automation And The Future of Work: Are Management, Creative, And Administrative Jobs At Risk?

An astounding 47% of jobs in the United States alone are at high risk of being automated over the coming 20 years. A combination of new business models, technology, workforce automation, and globalization is changing the way that companies do business – and the workforce is at the crux of it all. New job categories will replace many of these automated jobs. But the real question is: What happens to the people rendered redundant, and how likely will companies help ensure their success?

Traditionally, robots and automation are associated with the displacement of more manual labor. However, the stark reality […]

The return of the machinery question

The return of the machinery question

THERE IS SOMETHING familiar about fears that new machines will take everyone’s jobs, benefiting only a select few and upending society. Such concerns sparked furious arguments two centuries ago as industrialisation took hold in Britain. People at the time did not talk of an “industrial revolution” but of the “machinery question”. First posed by the economist David Ricardo in 1821, it concerned the “influence of machinery on the interests of the different classes of society”, and in particular the “opinion entertained by the labouring class, that the employment of machinery is frequently detrimental to their interests”. Thomas Carlyle, writing […]

Automation and anxiety

Automation and anxiety

SITTING IN AN office in San Francisco, Igor Barani calls up some medical scans on his screen. He is the chief executive of Enlitic, one of a host of startups applying deep learning to medicine, starting with the analysis of images such as X-rays and CT scans. It is an obvious use of the technology. Deep learning is renowned for its superhuman prowess at certain forms of image recognition; there are large sets of labelled training data to crunch; and there is tremendous potential to make health care more accurate and efficient.

Dr Barani (who used to be an oncologist) […]