Uncategorized – Career Hunts Blog https://www.careerhunts.com/blog Career Hunts blog | Job Recruitment Advice | Career Guide Fri, 25 Nov 2022 12:52:41 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 Job worries? How does China compare to the U.S. and other countries? https://www.careerhunts.com/blog/job-worries-how-does-china-compare-to-the-u-s-and-other-countries/ https://www.careerhunts.com/blog/job-worries-how-does-china-compare-to-the-u-s-and-other-countries/#respond Wed, 23 Nov 2022 13:56:15 +0000 https://www.careerhunts.com/blog/?p=546 Job worries? How does China compare to the U.S. and other countries?
  • An Oliver Wyman survey found that 32% of people in China and 30% of people in Brazil were worried about how inflation would affect their job security.
  • The report said that’s a lot more than the number of people in the U.S. and U.K. who said they were worried about their jobs.
  • But when it came to the future of the economy, people in the UK were the most pessimistic, with 75% expecting things to get worse, the report said. People in China and Brazil were the most optimistic.

 

A survey done by the consulting firm Oliver Wyman and released this month found that more people in China and Brazil worry about their jobs than in the U.S. and U.K.

The report said that 32% of respondents in China and 30% in Brazil were worried about how inflation would affect their job security.

The survey found that this number was only 13% in the U.S. and U.K.

An official survey for July found that the number of unemployed young people in China between the ages of 16 and 24 has risen to nearly 20%, while the number of unemployed people in cities between the ages of 16 and 64 is about 5.4%.

As of July, official data showed that 9.1% of people in Brazil were out of work.

In July, the unemployment rate in the U.S. was much lower at 3.5%, while in the U.K., it was 3.6%.

The Oliver Wyman study looked at how people think inflation affects them. But Ben Simpfendorfer, a partner based in Hong Kong, said that the survey results may have been affected by things other than inflation that are unique to each country.

He said that Brazil has “periods of very high inflation” and that there are often bigger differences in income.

This was shown by the fact that a lot of Brazilians (68%) were worried about being able to pay for groceries and other necessities.

In all four countries, people were most worried about being able to pay for these goods, but Brazil came in first. The U.K. was second with 48%, then the U.S. with 44%, and China with 42%.

China has worries about jobs and money.

In the U.S., where job growth and wage growth have been strong despite fears of a recession, Simpfendorfer said that people would be most worried about being able to pay for groceries because of inflation.

“In China, on the other hand, growth has been a little slower, job growth for some groups has been slower, tech workers have been having a hard time lately, and wage growth has been slow,” he said. “That could also be a reason to worry about being able to buy groceries.”

Covid controls and a drop in the value of homes have hurt China’s economy. Tighter regulations, especially when it comes to tech companies on the internet, have also made people less happy.

The rate of price increases in China is also slower than the rate of growth in incomes.

According to official data from the first half of the year, the average amount of money Chinese city dwellers could spend each month was 4,167 Chinese yuan ($598). That was only 1.9% more than the same time last year.

In contrast, China’s consumer price index rose by 2.5% from a year ago to August. This was just a little less than the 2.7% rise seen in July, which was a two-year high. A big part of the rise was because the price of pork, which is an important food, went up.

The Oliver Wyman report said that the U.K. respondents were the most pessimistic about the economy, with 75% expecting things to get worse. This number was 56% in the United States.

The people from China and Brazil were the most optimistic, with 42% and 26%, respectively, saying they thought things would get better in the next six months.

But less than 15% of people in the U.S. or U.K. said that worries about a recession made them want to learn new skills or get a side job. But in Brazil and China, that share was well over 30%.

 

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Call Center Scams: What is This New World Trouble? https://www.careerhunts.com/blog/call-center-scams/ https://www.careerhunts.com/blog/call-center-scams/#respond Wed, 23 Feb 2022 13:21:00 +0000 https://www.careerhunts.com/blog/call-center-scams/ While India is tussling with its own “Jamtara”-style scams committed by domestic cybercriminals, another army of online criminals functioning quietly in the corners of the country’s back-end process management or BPO sector are unleashing havoc in many English-speaking countries around the world.

Only a tiny part of this industry has gone bad, but it is using the very infrastructure and human resources that enabled the honest BPO businesses to become the world’s business process management (BPM) leader.

According to different press releases from the police, it is mostly clear that the victims are English-speaking foreigners, predominantly from the US, Canada, UK, and Australia. Over the last decade, they have been victims to scam calls from fake call centers operating from Delhi, Gurgaon, Noida, and Kolkata, which are also among the top epicenters of BPM enterprises.

The modus operandi

There are few access deterrents to setting up shop. Disregarding KYC norms for lessees, some landlords lease out ready-to-use offices at about Rs 1 lakh per computer seat per month. All that’s needed are a few laptops, steady internet connectivity, and a few tables and chairs. Proficient recruits are not very hard to find at Rs 50,000-70,000 per month.

The scamsters, mostly ex-employees of legitimate BPO companies, often present themselves to their preys as law enforcement agents and point to some fictional oddities in the victim’s tax returns, and then “levy” a fine to fix it. In other cases, they pose as specialized IT support staff of large tech Corporations like Microsoft or Google, or Apple, and charge them money for solving non-existent problems in their software. Apart from this, they also steal sensitive personal information such as credit card or bank account details that can be used later.

Since few victims complain and more irregular complaints – lodged mostly in foreign jurisdictions – reach the Indian administrations, most contemporary police raids are suo moto in nature. The Indian authorities seem to have apprehended 350 such scamsters and questioned 500 others but given the absence of complainants, these fake “tele callers” usually secure bail within a short time, making deterrence weak, according to sources.

Even Covid didn’t deter these scamsters

Though the Covid-induced lockdown last year assisted in curbing these operations for a while, it was too good to last. The Gurugram Police raided a luxury hotel where some scamsters had reserved 35 rooms from which they continued their operations.

There is huge money to be made. It is also clear from diverse reports, that the police in cities like Gurugram, Delhi, and Kolkata have been executing an average of one raid per week to nab these scamsters.

Now, many of these scamsters are reportedly pursuing the examples of leading technology companies and adopting work from home. So, after a brief lull of 2-3 months last year, this fake call center industry has sprung back to life.

Effects on today’s generation

As the call centers are offering some big money to work in the call centers with the bare minimum amount of education, this is leading the youths of today’s generation wayward, leading them away from the path of higher education. And this, in turn, causes the youth of today’s world to move away from a path of higher education and enlightenment and causes them to pursue the money, which can range to the upper range of a lac per month, and dive headfast in the world of easy money. And this in turn is pushing them into darker pursuits like drugs and gambling and the rest. This is causing the bright and young to start pursuing a career as a criminal activity.

And though the law enforcement officials are trying to put a stop to this, every day these call center owners are hiring more are more young candidates every day. And so the law enforcers are taking up some huge steps every day to stop them

Law Enforcement agencies stepping up vigil

As the objections from victims or impacted companies started to be reported and because of the reputational damage they inflict on India’s image as the world’s back office, the authorities have begun to crack down on this proliferating menace. The Delhi Police has mandated that departmental action will be taken against officers if such operations are unearthed in their areas. This has resulted in increased vigil by the police.

Conclusion

Stringent and immediate steps are needed to curb this menace. Among other measures, the government could mandate much stricter KYC norms while issuing new SIM cards, tighten norms for verifying the antecedents of internet service providers and conduct regular checks on customer data of ISPs to verify whether their business is genuine.

Though these steps may not completely eradicate this problem, they will certainly make it much more difficult for criminals.

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