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“HIRING 60-YEAR-OLD INTERNS FOR STARTUP” BENGALURU IS THE HIGHEST PAYING CITY, GIVING AN AVERAGE ANNUAL CTC AT ALL LEVELS RS 10.8 LAKH

 
 
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“HIRING 60-YEAR-OLD INTERNS FOR STARTUP” BENGALURU IS THE HIGHEST PAYING CITY, GIVING AN AVERAGE ANNUAL CTC AT ALL LEVELS RS 10.8 LAKH
by System Administrator - Thursday, 19 April 2018, 11:56 PM
 

By : M.S.Yatnatti Editor and Video Journalist Bengaluru : According to reports the Employees at Truebil, a virtual marketplace for pre-owned cars, would soon be witnessing scenes straight out of the Robert De Niro-starrer 'The Intern' at their workplace. Taking inspiration from the movie -- where De Niro plays the character of Ben Whittaker, a70-year-old intern working for a startup firm -- Truebil is hiring retired senior citizens as interns to work on short-term stints at the firm.The process, which is currently under way, would involve hiring of about eight interns, who are over 60 years of age, with work experience in mid- to senior-management levels. The objective is two-pronged. First, to provide a second innings to retired citizens and help them understand how latest technology works in a New-Age organisation and, second, to mentor the 200-odd employees at Truebil, where the average age is around 28 years.Tech capital Bengaluru is reportedlythe highest paying city, giving an average annual CTC (cost to company) for talent across all levels and sectors at Rs 10.8 lakh, according to recruitment firm Randstad's salary trends study for 2018. India's Silicon Valley was followed by Pune at Rs 10.3 lakh, Delhi-NCR at Rs 9.9 lakh, Mumbai at Rs 9.2 lakh and Chennai at Rs 8 lakh. Bengaluru was the top paying city in 2017 too.The 2018 salaries, however, represented a significant drop from last year. Bengaluru was at Rs 14.6 lakh in 2017, followed by Mumbai at Rs 14.2 lakh, Hyderabad at Rs 13.6 lakh, and Delhi-NCR at Rs 13.5 lakh.Randstad reportedly had said this is due to two reasons: A decline in mid-level roles, which pay an average salary between Rs 6 lakh and Rs 12 lakh; a 51% increase in entry-level roles this year, which pays between Rs 4 lakh and Rs 6 lakh. Professional services -- including management consulting, strategy, accounting, and audit and legal were the second highest paid space with an average salary of Rs9.4 lakh. This was due to the increase in demand for implementation and compliance specialists following the rollout of GST. FMCG, the highest paying industry in 2017, followed professional services, with average salary of Rs 9.2 lakh.For a person with more than 15 years of work experience and for an entry-level executive (less than 6 years of experience), consultancy is the highest paying job function with an annual average salary of Rs 34 lakh and Rs 6.8 lakh, respectively. IT and tech are the highest paying space for a person in mid-level management (6-15 years of experience) with an annual salary of Rs 13.1lakh.The report reportedly looked at 1 lakh jobs across 20 industry verticals and 15 functions.Write resume like a marketing brochure, as a list of benefits to the employer .The biggest mistake that people make when it comes to writing a resume is, 'writing' a resume you often make a list technical achievementsand so the resume will actually look like a manual. Instead, they should be writing it like a marketing brochure, as a list of benefits to the buyer. Think about the greatest value-creating experiences, the experiences you might have had working on a team. Use not only action words, but also success-action and active words. For example, 'driving', 'growing', 'leading', are positive, affirmative action words. The best advice on cover letters is to keep them short and to the point. Understand what the employer is looking for. Have your cover letter be specifically targeted to the individual employer , and speak to them in their language. Use their words and values and specific to their job description.