Job Profiles And Respect Priority For Indian Employees
According to a global workplace research by human resource consulting firm Mercer Llc, Indian employees hold job profiles and being respected at their workplaces more important than compensation. Base pay and benefits come at the third place for Indian executives. The study into employee attitudes and perceptions was conducted in 22 countries. Curiously, employees in India give less importance to work-life balance contrary to their counterparts globally, who consider healthy work-life balance to be important. Overall, respect was the topmost factor noted in the UK and the US.
Source: 11-01-08 www.livemint.com
SC Rejects IT Dept Appeal Against Infosys
The Supreme Court has quashed an Income-Tax case against Infosys Technologies charging Infosys with failure to deduct TDS on earnings of its staff from an employees stock option scheme (Esop). During 1997-2000, Infosys offered warrants to its eligible employees at Re 1 each. Each warrant entitled the holder to apply for and be allotted one equity share of the face value of Rs 10 each for a total consideration of Rs 100. The total amount thus paid by employees was Rs 6.64 crore for shares whose market value was Rs 171 crore. The Income Tax Department levied Rs 165 crore as perquisite value and held Infosys as an assessee in default for not deducting TDS at 30 per cent under section 192. However, the apex court dismissed this appeal saying that this was not a case of tax evasion.
Source: 09-01-08 www.sify.com
Management Students Moving Away From Run Of The Mill Jobs
Setting a new trend, many management students are opting for hardcore yet traditionally unpopular sectors such as agri-business, micro-finance and rural marketing. It seems that diversifying career domains have become the order of the day at most B-schools. Even top notch companies such as Goldman Sachs, Stanchart, Citibank and Calyon are making offers to students with an understanding of these sectors. Students also want to stay back in India and be a part of the nation’s growth story.
Source: 06-01-08 www.sify.com
Awareness Drive For Gulf Job Aspirants Through TV Ads
The Indian government has started an awareness drive amongst Gulf job aspirants to warn them of illegal recruiting agents through a series of TV advertisements in Indian languages in Dubai. Several advertisements in English, Hindi, Malayalam, Telugu, Tamil and Punjabi languages caution potential labourers and warn women employees on how they might be duped. The advertisements issued by the Ministry of Overseas Indian Affairs especially target gullible rural Indians and caution them on the dangers of going to the Gulf and other countries through unscrupulous agents.
Source: 07-01-08 www.rediff.com
Malaysia Bans Recruitment Of Indian Workers
Following the violence in Malaysia a few weeks ago, the Malaysian government has put on freeze the recruitment of Indian and Bangladeshi workers. This includes banning the recruitment of Indian priests, sculptors and musicians. It is still unclear whether the ban would apply to other classes of Indian professionals as well. The ban came in the backdrop of PM Mr Manmohan Singh’s appeal for freer movement of professionals and workers in the international labour market.
Source: 06-01-08 www.moneycontrol.com
National Skill Development Mission To Be Steered By PM
Prime Minister Mr Manmohan Singh is all set to head the National Skill Development Mission, as proposed by the Cabinet. Around Rs 31,000 crore have been earmarked for the mission which will extend training facilities to 10 mn people a month. This mission will train people to make the best of 70 million job opportunities that will be created during the 11th Plan (2007-12). The mission will look at 20 areas of growth for skill development in services and manufacturing. The high growth sectors that have been identified include automobile and auto components, transportation, warehousing and packaging, travel and tourism, logistics, media and entertainment and health-care services.
Source: 09-01-08 www.livemint.com
Ability Foundation Job Fair On Feb 24, 2008 In Delhi
The Ability Foundation, working for the cause of disabled people, will hold a one day job fair on 24th February, 2008 in Delhi. The fair is an extension of Ability Foundation’s Placement Wing. It been hailed as a milestone since the time it was first held in 2004. Trade-marked as EmployABILITY, the fair brings together discerning employers, sensitive to the right to equal opportunity employment for disabled people, with a sea of qualified candidates with disabilities. It connects committed companies to a wealth of graduates, post-graduates and professional diploma holders with disabilities, for mutual benefit. Here, the employer discovers a highly talented pool of future employees and the candidates have access to the job that they are qualified for and have set their hearts on. In 2004, 32 companies registered for participation. Last year, as many as 1100 candidates from across the country attended the fair and were interviewed for jobs by 75 companies.
Source: 14-01-08 Ability Foundation
Employee Incentive Programmes Working wonders For Automotive Companies
Automotive companies such as Toyota Kirloskar Motor (TKM) and Maruti Suzuki India have introduced various employee incentive programmes to bring about innovation and boost productivity. These programmes are helping them develop new products, save costs and even file patents. These companies have rewarded employee inputs with perks such as incentives such as training abroad and exotic domestic family trips. Companies are also rewarding employees with financial increments. At Mahindra, employee recommendations led to the newer version of Scorpio launched in March 2006.
Source: 06-01-08 Hindu Business Line
Management Programmes By FORE School Of Management (FSM)
FORE School of Management (FSM), New Delhi, a top-ranking business school in the country, has announced following Management Development Programmes during January 2008:
Finance for Non-Finance Executives (January 21-23, 2008)
Emerging Trends in Information Technology (January 24-25, 2008)
Effective Performance Management System (January 28-30, 2008)
For registration/additional information, please contact: Mr. Sat Parkash, Manager (MDP), FORE School of Management, B-18, Qutab Institutional Area, New Delhi 110016, Phone (011) 2685 6301 (Direct), 4124 2424 (Extn.498); Fax: (011) 2652 0509, 2696 4229; E-mail: mdp@fsm.ac.in. (Website: www.fsm.ac.in)
For complete MDP Calendar (2007-2008) click here
For complete details of individual programmes, click at the relevant programme title.
For getting yourself registered click here.
Source: 11-01-08 Company Bureau
The New Year Started On A Job Hopping Note For Ad World
Within the first five days of 2008, almost 15 senior- and middle-level management people in the advertising industry made a job shift. Among these, the prominent job switches include Mr Sandeep Lakhina, who is joining Starcom MediaVest Group as Managing Director replacing Mr Manish Porwal, who is set to join Percept Talent Management (PTM) as CEO. Mr Ramesh Srivats, Executive Vice-President and Managing Partner of Rediffusion DY&R, has resigned to start his own venture in the digital space. Mr Vishal Ahluwalia, Vice-President (client servicing), Contract Advertising, too, is shifting to greener pastures while Mr Sandeep Tiwari, who quit LG Electronics (India) as Head (product marketing) late last year, has joined Dish TV as Deputy Vice-President (marketing). Apart from these, many other advertising professionals hopped jobs in the starting of 2008.
Source: 08-01-08 www.agencyfaqs.com
KARROX Presents TECH DIRECT’ 08
KARROX is organizing The Tech Direct ‘08 (The Technology Store) – Your Gateway to Global Career Opportunities- in association with Microsoft and Naukri.com on 25 January, 2008 at Lala Lajpatrai College auditorium in Mumbai. Tech Direct’08 will showcase Microsoft’s new product: Windows Server 2008 –new features of Longhorn. It will also display .Net 2.0, Sql 2005 and Biztalk server along with live demonstration of the security features. In the show, industry experts will talk about next generation Microsoft technologies and certifications along with the job opportunities in Microsoft Technologies. To register, visit your nearest KARROX centres or log on www.karrox.com or simply SMS “karROX” to 575758.
Source: 11-01-08 Company Bureau
Delhi Govt To Hire Private Staffers To Fill Jobs
The Delhi government is looking at private recruitment agencies to fill vacant posts in government departments. According to government sources, approximately 15,000 positions are lying vacant in different Delhi government departments. Retirement of officials has also increased over the past few years and the posts are not being filled at the same rate. So, the government will employ different private recruitment agencies to handle different sectors such as social sector, health, engineering, clerical and others.
Source: 06-01-08 Delhi Newsline
UK’s Caparo Group To Create 10,000 Jobs At Nellore Unit
UK-based Caparo group has entered into a Memorandum of Understanding with the Andhra Pradesh government to set up an automotive, engineering and aerospace park and a component manufacturing unit in Nellore. Caparo would invest around Rs 3,500 crore in the facility that will create 10,000 jobs in the next 15 years. Apart from this facility, the company would also create a Special Economic Zone (SEZ) on 500 acres.
Source: 07-01-08 Business Standard
Unemployment Figures Fuel Fears Of US Slump
In December, the unemployment rate in US jumped to 5 per cent from 4.7 per cent, its highest level since November 2005. According to the labour department, only 18,000 jobs were added in December against the expected 70,000. This sudden increase in unemployment and weak j ob creation further stoked the prospect of a US recession. The dismal figures have also sent the dollar lower and pulled equities down. Interestingly, the average weekly earnings rose by 0.4 per cent in December.
Source: 07-01-08 Business Standard
Job Switch To Be Easier For Expatriates In UAE
Employees, who have completed three years in a company, no longer need a No Objection Certificate from their employer if they want to shift their job, in the United Arab Emirates. The move is meant to ease changing of jobs by expatriate workers. However, the fees for transfers would still apply. Previously, the ministry asked for an NOC from any employee who wanted to change his job. In the absence of the certificate, a six-month ban was imposed.
Source: 10-01-08 www.rediff.com
Mr Alan Schwartz Replaces Mr Cayne As Bear Stearns CEO
Bear Stearns Cos Inc has chosen its star investment banker, Mr Alan Schwartz, to replace Mr James Cayne as Chief Executive Officer. As CEO, his prime responsibility will be to revive the company's badly damaged mortgage franchise. In the 1990s, Mr Schwartz advised on some of the biggest corporate takeovers of that time. As CEO, he promised to return the company to strong profitability and expand in overseas market. Mr Cayne is retiring from the company, but will be Non-Executive Chairman. Appointed CEO in 1993, he more than tripled the company's revenue to $7 billion during his tenure.
Source: 08-01-08 news.yahoo.com
Avon To Lay Off 2,400 Jobs
As part of a restructuring plan, Avon Products, the world's largest direct seller of cosmetics, is set to cut 2,400 jobs. The company has announced that the plan, announced in November 2005, will cost $30m (£15m) more than had been expected. However, once the plan is implemented, it will save around $430mn a year. Avon has presence in more than 100 countries through five million representatives. Now, the company plans to move its manufacturing to countries where wages are lower.
Source: 08-01-08 news.bbc.co.uk
Virgin Cabin Crew Calls Off Planned Strike
Virgin Atlantic cabin crew has apparently reached a pay deal with the company management, thus calling off the planned 48-hour walkouts. The two-year deal comprises a 4.8% pay increase, followed by a rise in line with inflation. Earlier, Virgin chief Sir Richard Branson had told staff who had threatened to strike to quit and look for work elsewhere. Management and union representatives blamed prolonged negotiations for damaging the relationship between the airline, cabin crew and the union. Sir Branson conceded that rival airlines have often offered better basic wages, but claimed that they did not offer the perks that came with working for a smaller, more friendly company.
Source: 08-01-08 news.bbc.co.uk
HMIL Elevates Mr Arvind Saxena As Senior VP
Hyundai Motor India Ltd has promoted Mr Arvind Saxena from Vice President for sales and marketing to the position of Senior Vice President, markting and sales. Mr Saxena has 23 years of experience in the automobile industry, both in the two-wheeler and four-wheeler sectors.
Source: 07-01-08 DNA Money
Ms Neerja Bhatia Is New Etihad India Manager
Ms Neerja Bhatia has been appointed the country manager for India operations by Etihad Airways. She joined Etihad in 2004 as sales manager for western India. She was instrumental in the launch of Etihad Airways flights to Thiruvananthapuram and Kochi. Her appointment is being seen as a part of Etihad’s expansion plans in India.
Source: 09-01-08 DNA Money
Mr Vikaas Sachdeva To Head Business Development At Bharti AXA Investment
Bharti AXA Investment Managers Private Ltd has appointed Mr Vikaas Sachdeva as country head- business development. Bharti AXA is the asset management joint venture between AXA Investment Managers, AXA Asia Pacific Holdings and Bharti Ventures. Mr Sachdeva is an old hand in the financial services area and brings to the table 16 years of experience in marketing and distribution of financial products.
Source: 09-01-08 DNA Money
Mphasis Names Mr Jeya Kumar As New CEO
Mr Jeya Kumar has been named the Chief Executive Officer and a member of the board of Mphasis, a majority owned subsidiary of Electronic Data Systems (EDS). Mr Michael Coomer, Executive Vice President of EDS, Asia Pacific Region, will be the Chairman of Mphasis replacing Mr Jerry Rao. Mr Rao will be the Chairman of EDS’ Asia Pacific Advisory Board.
Source: 09-01-08 Hindu Business Line
ExLService Gets New Global HR Head
Mr Amitabh Hajela has been appointed as Vice President and Global Head of Human Resources by the Nasdaq-listed BPO company ExLService Holdings Inc. Prior to EXL, Mr Hajela was with Dallas based chemical company, Celanese Corporation. At Celanese, he led the talent acquisition and review process in the US, Europe and China.
Source: 09-01-08 Hindu Business Line
Gulf Firm To Hire 20,000 Indian Workers And Professionals
Nasser S. Al Hazri Corp, the Gulf-based industrial contracting and oil refining company will hire around 20,000 Indian workers and professionals in the next six months. The company is expanding operations in Gulf as it has signed several multimillion dollar contracts with various international clients. Currently, the company has a headcount of over 35,000, including about 28,000 Indians. The company is planning to recruit about 1,000 fresh engineers from India. In all, the company will recruit 45 different categories of workers who will mostly be based in Saudi Arabia and Qatar.
Source: 10-01-08 www.sify.com
Compiled by Amresh Anjan
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