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Press Releases

50% of Indian employees are satisfied with salary but not with the job – TimesJobs.com Study

July 2, 2014: At least 50 per cent employees in India Inc are satisfied with their current pay package. However they are not satisfied with their job, revealed a recent TimesJobs.com study. Long working hours Nearly 52 per cent employees are reportedly not satisfied with their current working hours. Employees polled saying that they are working over 40 hours a week and it’s not something they like. • 42% employees do overtime for 2-3 days in a week but 64% are not paid for it • 60% employees said that they are allowed to work from home for less than 2 days a week Other key reasons: • 18% are not happy with the career growth opportunities provided by the...
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Magicbricks.com is the Most Admired Real Estate Website in India: CMO Asia

July 1, 2014: MagicBricks.com, India’s No.1 Property Portal has been awarded the title of the Most Admired Real Estate Website in India at the CMO Asia 1st National Awards for Excellence in Real Estate and Infrastructure presented by Lokmat. This award recognizes the highest levels of achievement by a website operating in the property and real estate sectors as well as the infrastructure industry. Magicbricks won this award based on its proven commitment to service, client satisfaction and innovation. Winners were selected from 323 entries across India in more than 80 categories. Magicbricks was adjudged winner by a distinguished jury based on the criteria of user experience, ease of navigation, graphics, fonts and looks, user interface, platform and information, end-user...
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Ability or compatibility? India Inc. still ignores cultural fit –TimesJobs Study

June 25, 2014: In most cases, the successful integration of new hires is based on their ability to culturally fit in with the organisation. Yet, surprisingly, Indian organisations still base their final decision mostly on skills and experience, and not on whether the candidate is a good ‘fit’. This was revealed in a recent survey by TimesJobs.com On an average, 35% organisations lay a lot of emphasis on skills and experience during hiring (across levels/positions), almost 50% completely overlook cultural fitment and the rest consider educational qualifications and international exposure important. “This is a worrying trend, as people managers openly acknowledge that cultural fit is a very critical element in hiring, particularly at the top level. Overlooking cultural fit can...
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The TechGig Code Gladiators Competition enters the Finals

After 2 months of intense coding combat, it’s time to find out India’s Best Coder. It’s time to enter the ultimate arena – Gear up for Code Gladiators Grand Finale! June 23, 2014: Gamefication of Talent Identification, Recruitment and Retention has reached it highest peak with The Biggest Coding Contest in India reaching its Grand Finale! Two months of intense competition and hard fought battles have revealed 50 finalists from across India, who will now engage in the TechGig Code Gladiators National Finals to reveal the top coders across the country on Friday, 27th June 2014 at Orbis, The Leela Ambience Gurgaon. TechGig Code Gladiators – Hunt for India’s Best Coders is being held in the following programming languages –...
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Personal Interaction Still Trumps Technology In India

Nearly 82% organisations still prefer in-depth face-to-face interviews for selecting candidates, revealed a recent study by TimesJobs.com. 18 June 2014: Today, organizations use technology extensively for the screening process, but, as a TimesJobs.com survey revealed, in the overall hiring process it is still just an enabler. 55% organisations claim to use online job portals to source candidates and a similar number use personality profiling tests to assess the candidates. However, when it comes to making the final decision, 82% organizations still rely on face-to-face interviews. Organisations believe that though technology has made an impact on the global hiring landscape, some traditional methods like personal interaction with the candidates still hold a lot of significance in hiring the best. Hiring on...
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India Inc arrests dip, Auto Sector posts positive sentiments TimesJobs.com RecruiteX Reports

The Automobile sector witnessed a 4% increase in demand during May 2014, amidst market recovery, revealed the latest TimesJobs.com report. June 10, 2014: After rather long bumpy periods the markets seem to be stabilizing now post the formation of the new government. The auto sector is the first to get back on the recovery mode and show positive signs reports the TimesJobs.com RecruiteX. The sector witnessed a rise of 4%, well above the industry average during May 2014. It had registered an average drop of 2% during Jan-May 2014, but witnessed a 3% increase in talent demand during March. However, the overall demand scenario is still sluggish with a fall of 2% registered in May 2014. Speaking on these findings...
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Acknowledge those who matter with TimesJobs’ Facebook App

Behind someone’s success story, there’s always an invisible contributor. But is there really a way to make them visible? “The Modi which is before you and which you can see is because Modi is hoisted by senior leaders of my party on their shoulders”, stated Prime Minister Narendra Modi in his first speech in Indian Parliament. Now all of us do not have such an opportunity to address the nation – but we still can publicly thank our supporters through the TimesJobs Thank you Facebook App. Wouldn’t it be great if we could publicly thank the people who believed in us, supported us and encouraged us? – Those special persons who “Fuel Your Success”? We all have a special someone...
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Employees across generations prefer higher take home salary than any other benefit

87% employees prefer a customised compensation structure; organisations need to take that into account while designing benefits May 22, 2014: According to TimesJobs.com’s latest Compensation and Benefit survey, rising inflation and increasing cost of living has led employees to re-evaluate their priorities on how they are compensated for their work. Our survey indicates that most employees, across generations, prefer a higher ‘in-hand’ pay out compared to other components of the salary. ‘In-hand’ salary matters more to the junior level employees than the mid or senior level. Kishore Sambasivam, director-total rewards, SAP, attributes this trend to the fact that employees at junior levels are typically single and seek ownership. They do not want money locked up in a PF or superannuation...
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Indian Real Estate Markets remain optimistic

The IIMB Magicbricks (MB) Housing Sentiment Index remains positive across 8 of the 10 cities surveyed with Mumbai turning positive for the first time and Bangalore surging ahead May 12, 2014: The Housing Sentiment Index (IIMB MB HSI) assessed by IIM Bangalore and Magicbricks forecasts that homebuyers across 8 of the 10 cities surveyed expect real estate prices to rise over the next six months. The aggregate Housing Sentiment Index (HSI) measured across 10 cities this quarter stood at 108. (An HSI score of 100 suggests the prices would remain static). This quarter, the IIMB MB HSI buyer index includes two more cities, Ahmedabad and Kolkata, apart from Mumbai, Delhi, Hyderabad, Pune, Noida, Gurgaon, Bangalore and Chennai. “The Indian real...
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