Introducing audiences to the term globalization, let me define it as unification of world’s economic orders, through the reduction in the barriers for international trade. In simple terms, globalization means doing a global business to increase the material wealth, goods and services. It is not that the people all over the world suddenly decided to go global; globalization existed in a raw form since decades. However, due to no evolution in IT, it was impossible to manage parts of a business as a single transactional supply chain. The term globalization is extremely broad, as it also evokes discussion about the cultural, political and legal aspects.

The arrival of the internet in 1994 drastically evolved the supply chain process for the business. Today, IT provides a communication network that enables expansion of products, ideas and resources regardless of the geographical distance. Being a catalyst for global integration, Information Technology created channels and mediums through which information exchange may take place. The ability to communicate in a digital form drives globalization.

Contemporary industries often use products enhanced by the means of the information technology. It also drives businesses and crafts them into a global entity. Due to the arrival of the internet and shipping services, businessmen opt to develop the business portals and launch them over the internet for global views and responses. Enhancement in information technology also leads to the usage of the mobile phones. In this smart phone generation, it is not wrong to consider the mobile applications within the scope of globalization as many mobile applications launch to promote a business, globally.

IT even transformed the way transaction used to take place between retailers and customers. Managing products and market inputs have become easier than ever before. IT also influences the news industry, education sector, information sources and analysis techniques. It escorts decline in the cost and rapid improvement in the processing power of digital technologies. The reason why an entire world uses computers is due to the decline in computing prices. A key reason for fast progress in IT is reduced cost of a unit of computing power and the ease of message transmission.

IT service industry is more than a mere enabler of globalization. As many Human Social Corporations showed their good and evil effects, globalization, at times, triggered the evil side, such as leaking confidential information to other countries. IT services, sometimes, produced new ethical problems. However, to enjoy the real advantage of globalization, IT service company must take an initiative to protect ethical globalization.

About Idhasoft

Idhasoft Ltd is a global IT services company. It has emerged as a global business leader in New Generation Consulting. It is an Information Technology company with on time, cost-effective solutions serving customers across the globe.

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Jobs are disappearing daily all over the world. The news media is reporting hundreds of job cuts and giving gloomy forecasts. The International Labour Organization (ILO) predicts that 20 million jobs, mostly in construction, real estate, financial services, and the automobile sector, will disappear by the end of 2009.

Are there any industries, where jobs will be stable throughout the current financial crisis?

If we compare the current recession to earlier ones like in 1981-1982, 1990-1991 and 2001 in the USA, we would see how some sectors did not lose jobs and the number of jobs even grew in some.

Recession Proof Industries

• Security – No matter how bad the financial crisis gets, the need for security shall not decrease. Jobs like firemen, police, law enforcement officers, customs and security services, forensics, and shop security personnel may even need more skilled personnel during the recession.
• Healthcare – The need for skilled nurses, doctors, psychologists and psychotherapists, analysts, caregivers, medical assistants, physical therapists, home health aides, medical records staff and health information technicians will hardly decrease and may even grow during the recession.
• Education – The need for trained teachers and some other skilled people in the core processes of the education industry in highly populated growth areas remain constant during recessions and will probably remain so now.
• Personal Care – Barbers, hairdressers, beauticians and cosmetologists also could keep their jobs. Businesses in the upmarket range might lose customers but those who cater to downmarket needs will probably survive.
• Legal Professions – Skilled professionals in the claims and compensation sectors, or those dealing with bankruptcies, and contractual disputes usually see more work during recessions.
• Food Industry – People can’t give up eating even during a recession. Cheaper take-aways and eateries would need more staff ready to work at lower pay to function than luxury restaurants, which may not have enough customers.
• House and Car Repairs – Skilled house repair servicemen like plumbers or electricians in densely populated areas didn’t lose their jobs during previous recessions. Though not many new houses are being built, emergency repairs are vital. We might drive older cars, but they need to be serviced and repaired. Cleaners will still be needed.
• Environmental Sector – The demand for skilled professionals in environmental health and protection has been constant and is not likely to diminish during the recession.
• Sales and Marketing – Business need to market more aggressively in hard times. Skilled marketing and salespeople working on commission pay basis would keep their jobs even during the recession days.
• IT and Accounting Services – IT services need to function always. Skilled people working to provide accounting and IT-related services in core business functions would still be in high demand throughout the recession and more during the next upswing.

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Recession Prioritizes Spending Habits

However, there might be a redistribution of jobs. Some of these jobs will likely move from scarcely populated areas to high growth coastal areas. During recessions people usually prioritize their spending. This has often meant growth for the cosmetics industry. In tough times, people buy small cosmetic products to feel good quickly rather than more expensive products like TVs or cars.

Overall, business which depend on discretionary spending like entertainment, health supplements like vitamins, voluntary financial services or new houses will lose more jobs than businesses depending on compulsory spending like healthcare, food, childcare, primary education and security etc.

What Skills Employers Look For in Employees During a Recession

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Employers look for certain qualities or personal attributes in addition to the skills that you must have for a particular job. On the job skill sets and attributes are broadly:

1.     Personal skill sets and attributes

2.     Professional skill sets and attributes

3.     Social skill sets and attributes

read more in this article…

Some things have changed permanently. There is no going back in markets struggling to come out of the global recession. The skills you need to improve your marketability and recession-proof your job prospects or get a new job are very different from what many people think. Highly valued skills now are:

• Compatibility with the Job

• Organisational Cultural Malleability
• Motivation and Purpose
• Problem-Solving Ability
• Dependability
• Positive Personality

Read more about them here …

Good luck with your job!