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By Varun Jain* Lots of changes are happening in Indian Job markets as a fall out of the accelarted pace of globalization around the world. As the number of multinational companies in India increased the work culture also underwent tremendous change. In the past, the Indian companies had a different work culture as they were not exposed to intense competitive pressures. Now the changes in the Job market have induced lots of western culture into the Indian work environment. Indians already working or going to work in MNC companies often see Indian management or even Indian companies that are trying to go global. The MNCs have their operations across the globe and are increasingly expecting the employees to have a global perspective and understand the impact of global economics on their career. More and more investments are happening in India as it is one of the largest economies in world. Recent trend shows Companies expecting their employees to have a global certification in addition to Indian qualifications, for e.g. As Indian Chartered Accountants are expected to have CPA, which is the USA equivalent of Indian CA, so that they can be the face of Company not only in India but also around the world. Organizations do spend a fortune for training and development so that they can provide training to their employees and prepare them for the global markets. To handle the change management, institutions like “Miles” are there. Miles is a a leader in providing training to organizations in handling the challenges from changes thanks to its specialization in the field of CPA & CMA with huge market share and reputation. As the Founder of Miles, I had anticipated this change long back and and was keen to prepare the Indian talent for the new business environment and worked on for crafting a training plan that suits Institutions, organizations and students. The growing changes in the Indian job market are making students to pursue course/education for earning global recognition. This has made students easy to enter the work force in multinational companies and Big4s. The global perspective will require people in India even working for the multinational companies-- long hours and long shifts. India si far had Global perspective but not the Global work environment. Now employees are expected to work for long hours be available for their international clients 24/7 even if the client is not present there to answer your queries in their non -office hours. Also, there should be proper balance between the work - life balance, because it’s like sea saw, one area goes up the other areas goes down equally. Proper work life balance will give employees the energy and motivation to accept the new challenges at work. This will make local operations free while the headquarters will play an important role in setting the tone and values of the company. Companies will also follow a flat lattice organizational structure. Employees will be given greater decision-making powers, even at an earlier stage in their careers. Companies now favor a fluctuating workforce that enables shuffling of better talent across global operations. But the flip side will be that the average worker will feel less loyal to the organization and there will be greater employee churning. *The writer is founder and CEO of Miles Education in Bangalore and can be reached at varun@mileseducation.com)

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