Millennium Post

Job offer decline maximum in IT sector: Survey

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NEW DELHI: At 32 per cent, the rate of job offer declines is maximum in India's Informatio­n and Technology (IT) sector, show results of a new survey of mid and senior level candidates.

In terms of job offer declines, the IT sector is followed by the offshoring sector at nearly 30 per cent, showed the results released on Tues- day by en world India, part of the Japanese recruitmen­t firm en Japan.

This job offer decline survey for financial year 2017-18 was based on sample size of 2,000 mid and senior level candidates across major domains including consumer, retail, telecom, pharma, engineerin­g, offshore consulting, IT and BFSI (banking, financial services and insurance), en world India said in a statement.

While the major reason is shortage of niche skilled candidate in Informatio­n and Technology domain, there are other reason as well for increase in offer decline ratio which could be better offer from competitor­s or current company retention plans, the study said.

"This remains to be one of the major challenge for recruiter across the world," said Koji Murata CEO, en world India.

At third and fourth positions respective­ly, the job offer decline rates are highest in engineerin­g and banking, financial services and insurance sectors, after Informatio­n and Technology and offshoring segments, the data showed. NEW DELHI: India's crude steel production grew 4.4 per cent to 8.59 million tonne (MT) during April 2018, according to official data.

The country had produced 8.22 MT during the same month a year ago, the Joint Plant Committee (JPC) said in a report.

“During April 2018, crude steel production was at 8.59 MT, a growth of 4.4 per cent over April 2017,” it said.

SAIL, Rashtriya Ispat Nigam Ltd (RINL), Tata Steel , Essar Steel, JSW Steel and Jindal Steel and Power Ltd together produced 5.01 MT during April. This was 6.7 per cent more compared to 4.7 MT the six players had produced in April 2017, the report said.

“The rest 3.57 MT came from other producers, showing a growth of 1.4 per cent over April 2017,” it added.

During April 2018, the output of hot metal was at 5.80 MT as compared to 5.38 MT during the year-ago month. While 4.83 MT was produced by the six companies, the rest 0.96 MT came from other producers.

Output of pig iron rose 1.9 per cent to 0.80 MT from 0.78 MT in April 2017.

According to World Steel Organisati­on (worldsteel), India outstrippe­d Japan to become the second largest steel producer as its steel output grew 3.43 per cent to 8.43 MT in February against 8.29 MT of the latter. India has set a target of producing 300 million tonne crude steel by 2030 with an investment of Rs 10 lakh crore. In this regard, the Cabinet last year approved the National Steel Policy (NSP).

Empowered by Ministry of Steel, JPC is the only institutio­n which collects data on the Indian iron and steel industry. NEW DELHI: Aviva Life Insurance, on Tuesday announced the launch of “Aviva i-term Smart”, a ‘protection oriented' life insurance plan that offers consumers life cover at an affordable cost, along with an opportunit­y of additional protection against critical illness and disability. This plan ensures that the family is secured at a minimal cost, and that they can lead a comfortabl­e life in case of the unfortunat­e death of the life insured.

The Aviva i-term Smart, term insurance plan, pays a lump sum to the nominee(s) in case of the unfortunat­e death of the life insured. Additional­ly, this term plan also offers an optional rider, Aviva Critical Illness & Disability Rider-non Linked Rider. This additional option simply means that the customer can opt for an enhanced protection cover for 16 critical illnesses & permanent total disability due to illness or accident.

With this product, Aviva has put the power of choice in the hands of the customers by providing options to choose from.

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