Jobs in KPO or the Knowledge Process Outsourcing are quite in demand these days given the bright prospects in this field. The industry is fast picking up in India given the wealth of well-educated professionals in India who can be hired at relatively cheaper rates. It is a knowledge based industry and in this regard it is quite different from a BPO. In a KPO, employees are involved in knowledge-based work or research in different verticals. So, people with experience in specialized fields are considered for a KPO job. Unlike BPO, it is not just the youngsters or fresh out of college youth who opt for a KPO jobs but experienced professionals from various fields and even retired people are joining the KPO industry to take up lucrative jobs.
KPO jobs involve work in various fields such as finance, legal issues, intellectual property, analytics, market research and data management for a company. Since this is all knowledge based and confidential work, a lot of risk management is required in KPO jobs in India and abroad. The job would require in-depth knowledge of that area of work. Of course, the KPO centre imparts training to its employees for the vertical that it is working in. High-end knowledge work is executed in these KPOs as directed by the client. It could be data management, petition filing, research oriented work or any other such work that involves proper understanding of that field.
Since India offers good KPO services with a lot of cost advantage, it is estimated that by 2010, nearly two and a half lakh people in India would be employed in this industry. This is an indicative number and given the potential of this industry, it may as well increase. In the past decade, there has been a mushrooming of engineering, technical and professional institutes in India. Thus, there is no shortage of skilled manpower in the country which is capable of handling high-end knowledge work in KPOs. Thus, more and more international companies are either setting shop here or hiring the local talent for research and development work or outsourcing such work to Indian KPO companies that specialize in the particular vertical.
Experienced and qualified professionals are choosing this career option because it is very lucrative. A person with two years of experience can expect to earn remuneration as high as around Rs 6 lakh (Rs 600,000) to Rs 8 lakh (Rs 800,000) annually. Someone with higher experience and knowledge of the industry would easily draw anywhere between Rs 15 lakh (Rs 1.5 million) and Rs 20 lakh (Rs 2 million). However, this industry is fraught with attrition. Since people are not properly aware of the potential of this industry, they tend to leave jobs quicker in this industry.
To get hired for a KPO job, one has to have proper educational qualifications unlike BPO where only a good knowledge of the English language is required. Since in a KPO job, the work requires specialized skills, proper educational qualifications are a must. Qualified people from various diverse backgrounds can look at making a career in KPO. It could be teachers or engineers or MBAs or lawyers or journalists or professionals with financial background. Professionals from all such backgrounds are eligible to work in KPOs. The basic skills required of an employee in KPO job are good analytical skills for data analysis, proficiency in usage of resources for information research, ability to make presentable reports from raw data, good computer proficiency and command over English language.
For a KPO job, one would require domain expertise and knowledge for projects that may involve moderate to very high levels of analysis, research, updating, database creation and cataloguing and indexing. Thus, one must have a basic interest and knowledge in specific domains with an aptitude to working with data and information to thrive in a KPO job. During the recruitment process, candidates are first short-listed on the basis of marks and their previous experience of the domain. Their aptitude and attitude towards doing research-oriented work is also tested during the recruitment process. After selection, all employees are given the requisite training in the domain and the projects involved.
KPO industry employs employees from diverse academic backgrounds. There would be a huge demand for engineers, CAs, doctors, MBAs, lawyers, research analysts, scientific researchers and even PhDs in the near future. KPO is one industry where one can make full use of his/her educational qualifications. Also, good performers in a KPO have remarkable growth opportunities in this field because the number of skilled people is less. They can look forward to a good salary package, in-depth domain knowledge, managerial responsibilities and career growth.
By: Geetika Jain
Posts Tagged ‘Experienced Professionals’
How to Get Hired In A KPO Job
January 20th, 2010Riding the Building Tide for Environmental Jobs in the United Kingdom
December 16th, 2009Graduates and experienced professionals interested in environmental jobs need to understand why these positions are opening up so quickly. The market for environmental jobs has expanded beyond government laboratories and universities into the private sector due to the popularity of “green” technologies. The rush by companies of all sizes to create environmental jobs stems from a change in the psychology of the corporate world. Your understanding of this psychological change will help you land some of the great environmental jobs currently on the market.
Many companies are creating oversight, research and development jobs for environmental professionals to cure public relations dilemmas. There have been public polls going back to the 1970s which show that the environment is one of the leading issues on the minds of voters around the world. The problem for many consumers is the prohibitive cost of eco-friendly products on the open market compared to traditional consumables. The incongruous nature of this polling data has led many businesses to develop “green” products to avoid backlash from consumers looking for cleaner consumables.
Local, national and international support for environmental jobs have encouraged companies to expand their personnel groupings. There have been funding initiatives within the United Kingdom, the United States and the European Union that encourage companies to create new environmental jobs. These grants focus on promoting hybrid fuels, alternative energy sources and other innovations that are beneficial to government agencies as well as private enterprises. You can find grant-funded jobs through universities and major corporations to get started in a career in environmentally-friendly products.
Sustainable and “green” technologies do not emerge from thin air which means environmental jobs are geared toward initial research and development. There is an emphasis on scientists, researchers and analysts who are able to blend traditional sciences with new innovations in eco-friendly technology. It is important to look at the innovations and initiatives by prospective employers to guide your application for environmental jobs.
The most compelling reason for the growth of environmental jobs in the United Kingdom is the strict regulatory environment. Auto makers, retailers and manufacturers are facing restrictions from local and national agencies on how they create their products. Compliance, research and supervisory jobs are available in every industry influenced by this growing field of regulatory issues. Your career path depends on understanding these regulations and using your creativity to find solutions that fit within the realities of your industry.
By: Astute