Industry

Industry is often classified into three sectors: primary or extractive, secondary or manufacturing, and tertiary or services

Industries can be classified on the basis of raw materials, size and ownership.

• Raw Materials: Industries may be agriculture based, Marine based, Mineral based, Forest based.
• Size: It refers to the amount of capital invested, number of people employed and the volume of production.
• Ownership: Industries can be classified into private sector, state owned or public sector, joint sector and co-operative sector

Industry is divided into four sectors. They are:

Sector	Definition
Primary	This involves the extraction of resources directly from the Earth, this includes farming, mining and logging. They do not process the products at all. They send it off to factories to make a profit.
Secondary	This group is involved in the processing products from primary industries. This includes all factories—those that refine metals, produce furniture, or pack farm products such as meat.
Tertiary	This group is involved in the provision of services. They include teachers, managers and other service providers.
Quaternary	This group is involved in the research of science and technology. They include scientists.
Quinary Sector	Some consider there to be a branch of the quaternary sector called the quinary sector, which includes the highest levels of decision making in a society or economy. This sector would include the top executives or officials in such fields as government, science, universities, nonprofit, healthcare, culture, and the media.

ISIC (Rev.4) stands for International Standard Industrial Classification of all economic activities, the most complete and systematic industrial classification made by United Nations Statistics Division.

ISO 9000

The ISO 9000 family of standards are related to quality management systems and designed to help organizations ensure that they meet the needs of customers and other stakeholders.^[1] The standards are published by ISO, the International Organization for Standardization, and available through National standards bodies while meeting statutory and regulatory requirements. ISO 9000 deals with the fundamentals of quality management systems,^[2] including the eight management principles^[3][2] on which the family of standards is based. ISO 9001 deals with the requirements that organizations wishing to meet the standard have to fulfill.^[4]

Third party certification bodies provide independent confirmation that organizations meet the requirements of ISO 9001. Over a million organizations worldwide^[5] are independently certified, making ISO 9001 one of the most widely used management tools in the world today. Despite widespread use, however, the ISO certification process has been criticized^[6][7] as being wasteful and not being useful for all organizations

ISO Versions:

ISO 9001:1987 Model for quality assurance in design, development, production, installation, and servicing was for companies and organizations whose activities included the creation of new products.

ISO 9000:1994 emphasized quality assurance via preventive actions, instead of just checking final product, and continued to require evidence of compliance with documented procedures

ISO 9001:2000 combined the three standards—9001, 9002, and 9003—into one, called 9001.  The 2000 version also demanded involvement by upper executives in order to integrate quality into the business system and avoid delegation of quality functions to junior administrators. Another goal was to improve effectiveness via process performance metrics.

ISO 9001:2008 basically renarrates ISO 9001:2000. The 2008 version only introduced clarifications to the existing requirements of ISO 9001:2000 and some changes intended to improve consistency with ISO 14001:2004.

Audit:

Two types of auditing are required to become registered to the standard: auditing by an external certification body (external audit) and audits by internal staff trained for this process (internal audits). The aim is a continual process of review and assessment to verify that the system is working as it is supposed to; to find out where it can improve; and to correct or prevent problems identified. It is considered healthier for internal auditors to audit outside their usual management line, so as to bring a degree of independence to their judgments.

NASSCOM

The National Association of Software and Services Companies (NASSCOM) is a trade association of Indian Information Technology (IT) andBusiness Process Outsourcing (BPO) industry.^[1] Established in 1988, NASSCOM is a non-profit organization focused on promoting sustainable growth for the industry and to harness IT and Communications technologies for inclusive and balanced growth.

• Encourage members to provide world-class quality products, services and solutions in India and overseas and help build brand equity for the Indian IT software and services industry.
• Taking effective steps to campaign against software piracy.
• Provide an ideal forum for overseas and domestic companies to explore the vast potential available for Joint Ventures, Strategic Alliances, Marketing Alliances, Joint Product Development, etc., by organising Business Meets with delegations of various countries.
• Work actively with Overseas Governments, Embassies to make the Visa and Work Permit Rules more "India Industry Friendly".
• Disseminate various policies, market information and other relevant statistics by sending more than 200 circulars (annually) to all members.
• Involve membership participation in various forums of Nasscom on subjects such as HRD, Technology, Exports, Domestic Market, E-Governance, IT Enabled Services, IPR, Finance, Government Policies, Quality, etc.

NASDAQ

The NASDAQ Exchange is a limited liability company and a corporation that provides a means for traders to execute stock orders for stock brokers, institutional investors and on-line stock purchasers. The NASDAQ Exchange was formed in 1971 by the National Association of Securities Dealer to fill a need for reporting stocks that were not a good fit in the regular stock exchange. The NASDAQ reports on over the counter stocks for thousands of stocks not listed on the other exchanges. By the 1990s NASDAQ surpassed in terms of listings the AMEX Exchange.

In order to trade on the NASDAQ the trader and members must be certified and agree to the by laws of NASDAQ Inc. In 1999 NASDAQ merged with AMEX to form the NASDAQ-Amex Group. By 2000 the National Association of Securities Dealers sold their interest in NASDAQ to private investors. See: NASDAQ Corporate Filings.

NASDAQ operates similarly to all corporations, it has Articles of Incorporation, Corporate Officers, By Laws and holds meetings. The NASDAQ LLC. has a governing board and in turn has rules and regulations it operates under. Given the quasi-governmental status of NASDAQ the Securities and Exchange Commission has a role in making sure NASDAQ operates according to good practices and regulations. If a company engages in inside trading, fraudulent reporting of corporate earnings and assets or the many areas of bad practices governed by the Securities Act of 1934, the Commission can provide sanctions and remedies for these acts. Likewise, state attorney generals and the U.S. Attorney may bring actions in court to cease and desist these bad acts and also provide for criminal sanctions.

What notable stocks are traded on NASDAQ?

As an investor you may invest in NASDAQ, it is listed under the ticker QQQQ. The stock value goes up and down depending on the overall health of the NASDAQ Top 100 Trust Funds. Currently NASDAQ QQQ, traded under ticker QQQQ is priced at around $48 a share. It has a market capitalization of $19 billion dollars and over the past three years has a 11.56 percent return on investments. The top holdings in QQQQ are: Apple, Cisco, Comcast, Gilead Sciences, Google, Intel, Microsoft, Oracle, Qualcomm, and Research in Motion. A impressive group to be associated with in one stock. There are however, some stocks among the fund that are not as illustrious in their performance. The fund is weighted heavily in the hardware sector. The others sectors with a significant impact are software, business services, customer service and healthcare.

NASDAQ provides soup to nuts in investment opportunities:

NASDAQ offers literally thousands of opportunities to invest in individuals stocks, indexes, real estate investment trusts, options and other means to make an investment. The investor has an cornucopia of types of stocks choose among from semiconductors, energy, finance, components, retail, in all 3113 components make up NASDAQ. Each company listed must meet capitalization and reporting standards. The investor has the opportunity to review each quarters reported earnings and debts. A company is required to report any significant issues that may effect the investor and the company. There are news services and financial advisor services who actively stay in top of company news. All in all it is surprising why a company would even try to fool investors or governmental watch dogs.

NASDAQ notables:

Apple Inc. is the darling of NASDAQ. It trades under the stock ticker AAPL. If you have been living on a remote island somewhere in a cave, Apple is the designer, manufacturer and marketer of iMAC computers, software, iphones and through its subsidiaries a range of products that support Apple main line of products. In September, 2005 Apple shares were in the vicinity of $48. As of the close of business on August 31, Apple is worth in the range of $138 a share. The unique aspect of Apple is just when you think it has topped out and is dawdling it comes up with some surprise and it is off and running again. It is a darling because it has resilience and innovation.

Never to be forgotten is Miscrosoft. It trades under the stock ticker MSFT. What can you say about a company that brought information and technology to middle America, Africa, South America and the world. It is a stock that sells currently in the $28 range. It has controversy in all corners particularly with law suits challenging this grand daddy of the Internet, but it is a tried and true long performer. It is the company that people love and hate. If there is innovation out there, Microsoft will find it.

A personal favorite of mine is Intel. In part because it is a work horse in the technology sector and in part because I read and enjoyed Tom Wolfe’s book on the company structure in Hooking Up. It was not a biography, but it did parallel the formation of this egalitarian work place. The stock sells in the range of $25 and sells under the ticker INTC.

Mapping

Industry Mapping:
Mapping an industry can be done by starting with an SIC Code (Standard Industrial Code) that describes what industry a particular company is in. This is very broad, so you then need to identify the acual players in your field. Any good search engine (acually Yahoo is pretty good at that in their financial section,) can get you a tighter, although still pretty large list of a sub-sector of an industry. 

Now take that list and google for conferences/events/news releases, etc., to identify the top players, the mid-tier players and finally the start-ups. 

Now you have mapped the physical of the industry. Take things a bit deeper, and identify the finaical health of each company, their top clients, the targets, etc. and now you have a sourcing target list. 

Next using Linked In, Hoovers, and any/all networking & talent idenfifcation tools you have, a list of PEOPLE to contact, source, network, etc. will emerge.

Technical Skills required to become a IT Recruiter

IT recruitments is a vast field, basics are list down:

1- A Basic understanding of the IT domain, eg Process flows from getting a requirement to designing a software package, the components that go into it .
to simplify - If you were asked to recruit a SAP consultant....you would need to know first if you had to recruit a Technical or a Functional consultant.

2- Technical Jargons - understand what is the software lingo all about what is programming / development / Support maintainence /Front-end technologies/ Backend Technolgoies etc .To start with any recruitment person with a non-Tech background needs to atleast understand the basic flow of technological process .

3- Atleast attempt to get familiar with most of the technlogies in the market - Eg Microsoft / Embedded / Mobile Apps/ ERP etc (depending on the kind of IT Vertical you would like to handle.

4- Hierarchial structures i an IT designation and Job profiling is different from a Non- IT set up. Hypothetical example - An AM-HR in a Manufacturing company would be a very senior experienced person with atleast 10 yrs minimum of experience on the contrary , in the IT world it could be a person with 3-4 yrs exp. 

5- With a little hands on experience a recruitment person will be able to understand the market , the business cylces , the salary parity etc 

6- Ability to communicate(Verbal/Non verbal) effectively is a must for a good recruitment proffessional .

In addition to the above a lot of Softskills are equally important as this profession deals with getting the Right man for the Right Job.

Corporate Recruiter Evaluation Factor

1. Delivers Top Candidates On-time and with in Budget
2. Understand/Uses Performance Requirements of Position
3. Use High Volume and The Sourcing Tools to Find Candidates.
4- Uses High-touch Direct Sourcing and Networking Techniques to Find Top Candidates
5-Efficiently Manages All Search Activities
6-Use Job/Market Expertise to Improve Results
7-Works Directly with Hiring Manger to Influence Process Results
8-Manages Candidate's Needs Throughout Process
9-Accurately Interview and Assesses Candidate Competency
10-Wok with Team to Coordinate All Search and Process Activities