BPOs Increasingly Becoming Long-Time Career Option
Those who believe that working in BPOs is merely a stepping stone to another, longer-lasting career may have to think again. As the industry is moving from predominantly voice-based services to more and more non-voice services, it is increasingly emerging as a long-term career. As the required skills become higher, a more specialised workforce is looking for opportunities in this sector. More and more BPO companies are shifting focus from voice based services to back office services to knowledge process outsourcing. This shift is bound to lead to a change in the hiring process and impact the wage structure and the amount spent on training.
Source: 06-02-08 www.rediff.com Compiled by Amresh Anjan
HeadlinesPost-Appraisal, 500 TCS Employees Shown The Door
Failing to clear company’s bi-annual employee appraisal system, about 500 employees of Tata Consultancy Services (TCS) were asked to resign. TCS follows an institutionalised process of bi-annual employee appraisal system that ranks employees on a grade between 1 and 5. Employees, who get a grade of two or less during one appraisal cycle, are put on a performance improvement plan that includes additional training as well as assignments on new projects. However, if their performance doesn’t improve, the company disengages with them after counseling. Thus, this time, TCS has asked 500 employees to take the exit door.
Source: 06-02-08 www.thehindu.com Compiled by Amresh Anjan
Female Workers Are More Prone To Falling Ill
According to latest research by researchers at the University of Helsinki in Finland, female workers take nearly 50 per cent more short-term sick leave than their male counterparts. The report says that women were 46 per cent more likely to be off work for between one to three days. Women workers also commonly report more physical health problems, physical work demands, and work fatigue. However, the same research says that female employees don’t take more long-term sick leave.
Source: 05-02-08 Hindustan Times Compiled by Amresh Anjan
Wipro’s Hiring Plans For 2008
Wipro Ltd is looking at hiring more freshers in 2008 and wants to increase the percentage of freshers to 50 per cent of total recruitment in 2008-2009 as compared to 3 per cent last year. The company has already tied up with more than 14 educational institutions to give their students a taste of the company’s work culture. Wipro is also coming up with its first American software development centre in Atlanta and plans to hire 200 professionals there within a year.
Source: 06-02-08 www.rediff.com Compiled by www.naukri.com
HeadlinesSurplus Employees At HUL; 50 Managerial Jobs Cut
Hindustan Unilever Limited, the FMCG major, has cut about 50 managerial jobs, citing surplus employees as the reason. A few months ago, its parent company Unilever had announced 11 percent job cuts, amounting to 20,000 jobs, in global workforce over the next four years. HUL claims that the move will ensure that right talent was handling right jobs which will, in turn, ensure challenging and enriching jobs that allow for long-term growth opportunities to the employees. Currently, HUL has over 1,100 managers. However, the company is still recruiting talent in new emerging areas.
Source: 05-02-08 Hindu Business Line Compiled by www.naukri.com
HeadlinesBoom Time For Executive Course Grads
Executives who opted for a one-year post-graduate programme in management at reputed management schools are in for big salaries and plum profiles. There are still two months to go before the completion of their programmes but the companies are already making a bee line to hire them. Over 40 companies are coming to recruit these grads at the Indian Institute of Management Ahmedabad (IIM-A). Companies range from consulting, IT, real estate, operations, consumer goods and infrastructure space. Last year, the highest domestic salary was Rs 60 lakh, while the highest international salary was $ 250,000 per annum and early negotiations show the salaries will be higher this time.
Source: 06-02-08 Business Standard Compiled by www.naukri.com
HeadlinesLack Of Talent Forced Bose To Stop India R & D
Bose Corporation India’s R & D centre in Bangalore was shut down after the company faced crunch of skilled engineers. The acoustics management products maker was looking for engineers specializing in embedded software. The centre had started with five engineers who were relocated to the US after the closure. However, the company still continues to outsource its IT services to India.
Source: 05-02-08 The Statesman Compiled by www.naukri.com
HeadlinesTata Power Beefs Up Top Management
Tata Power has appointed two new directors to its board. Mr Banmali Agrawala, Managing Director of Wartsila India is joining as head of strategy and business development whereas Mr S Padmanabhan of Tata Consultancy Services will join as head of operations. Mr Agrawala had joined Wartsila from Bajaj Auto in 1987 and grew to become the managing director. Mr Padmanabhan is an old hand at TCS. Joining TCS as trainee in 1982, he rose to become the executive director and head of global human resources. Mr Ajoyendra Mukherjee will replace him as the global HR head at TCS.
Source: 05-02-08 Hindustan Times Business Compiled by www.naukri.com
HeadlinesCapgemini To Set Up Learning Centre At Hyderabad
In a bid to add an Indian touch to corporate training, French technology consultancy and solutions major Capgemini plans to replicate the Capgemini University- a centre of excellence for learning based at Les Fontaines near Paris- at Hyderabad. The centre will serve as a place where employees converge, share experiences, and learn in the real world to serve as a backbone for the corporate virtual learning systems. Currently, Capgemini employs over 17,000 people in India and has plans to raise the number to 40,000 by 2010.
Source: 04-02-08 Hindu Business Line Compiled by www.naukri.com
HeadlinesLabourers In UAE To Face Ire
The Ajman emirate in the UAE has disconnected electricity and water supply to 65 labourer accommodations in the area. The move comes after the Ajman Municipality had ordered shifting of single workers from residential areas to industrial areas. However, nearly 30 per cent of the companies failed to comply and now their workers, including Indians, will be adversely affected.
Source: 05-02-08 www.khaleejtimes.com Compiled by www.naukri.com
HeadlinesCasual Labourers Prefer Contractors Over NREGA
A study by the Centre for Science & Environment (CSE) has found that the National Rural Employment Guarantee Act (NREGA) is not finding many takers among rural casual workers. Instead, they prefer private contractors who provide more than 200 days of work in urban areas as against 100 days promised by the government scheme. The study was conducted in nine states - Andhra Pradesh, Madhya Pradesh, Uttar Pradesh, Rajasthan, Tamil Nadu, Bihar, Orissa, Gujarat and Karnataka. The NREGA, launched in February, 2006 across 200 districts, has spent more than Rs 17,000 crore towards the plan.
Source: 04-02-08 The Financial Express Compiled by www.naukri.com
HeadlinesRural India Beats Urban India In Employment
Interestingly, the percentage of people employed in rural India is higher than the number of people employed in urban India. The 62nd survey by the National Sample Survey Organisation reveals that employment in rural areas of most states is ahead of that in urban areas. The national figures stand at an approximate 43 per cent in rural and 35 per cent in urban areas. Goa is the only state where this finding is reversed. Another interesting revelation is that more than half of all workers in rural India are self-employed.
Source: 04-02-08 The Indian Express Compiled by www.naukri.com
HeadlinesTesco’s Save As You Earn Scheme Benefits Workers
It is gain time for thousands of staff at Tesco. They will share a £175m ($344m) payout from the company's ‘save as you earn’ scheme. Under the scheme, staff can buy Tesco shares at a discount to the market price. 51,000 staff members pay into the scheme and the 8,000 top savers can expect a payout of more than £8,500. More than 60 per cent of staff in the scheme chooses to reinvest the money.
Source: 06-02-08 news.bbc.co.uk Compiled by www.naukri.com
HeadlinesBMW Unveils Cost Saving Plan
In a bid to cut costs, the German luxury car maker BMW has announced a broad plan that includes a sharp cut in personnel expenses. BMW aims to reach cost reductions of up to 500 million euros (730 million dollars) a year by eliminating several thousand posts. The group will offer schemes such as voluntary departures worked out with trade unions and will not replace workers who retire or otherwise give up their jobs.
Source: 06-02-08 news.yahoo.com Compiled by www.naukri.com
HeadlinesNew CEO For Jagran-18
Jagran-18 Publications, the joint venture between TV18 and Jagran Prakashan, has appointed Mr Bharat Kapadia as the new CEO and Managing Director. Previously, Mr Kapadia was Executive Director at the Bhaskar Group. Recently, he spearheaded the ‘Vote for Taj’ campaign.
Source: 07-02-08 Hindu Business Line Compiled by www.naukri.com
HeadlinesWNS appoints Mr Misra As CFO
Mr Alok Misra has been appointed as Group Chief Financial Officer of WNS (Holdings) Ltd, the parent company of WNS Global Services. He will take charge from February 18. Most recently, Mr Misra has worked at Mphasis holding the Group CFO position. He brings to the table 18 years of public company experience.
Source: 06-02-08 Hindu Business Line Compiled by www.naukri.com
HeadlinesSchneider Electric India Gets New MD
Schneider Electric has named Mr Olivier Blum as Managing Director for its India operations. Mr Blum replaces Mr Roshanlal Kariholoo, who has quit the company. Mr Blum has been associated with Schneider for nearly 15 years and has held various senior positions at the company.
Source: 06-02-08 The Financial Express Compiled by www.naukri.com
HeadlinesMr Subramaniam Appointed By Motilal Oswal
Motilal Oswal Securities has appointed Mr Vetri Subramaniam as CIO, portfolio management. Mr Subramaniam brings to the table fifteen years of experience in the fields of institutional and retail equities and fund management. Starting his career with Kotak Mahindra at car loans business, he moved on to manage proprietary investments.
Source: 06-02-08 DNA Money Compiled by www.naukri.com
HeadlinesHP Appoints Mr Doraisamy As Asia Pacific MD
Mr Balu Doraisamy has been named by HP as Managing Director for Asia-Pacific, Japan and senior vice-president for the Technology Solutions Group. Mr Balu succeeds Mr Tom Lannotti who will now assume the role of Managing Director, Americas.
Source: 06-02-08 DNA Money Compiled by www.naukri.com
HeadlinesMr B Mukherjee Becomes HPCL Director
Mr B Mukherjee, the erstwhile executive director- corporate finance of Hindustan Petroleum Corporation Ltd (HPCL), has been appointed its director (finance). Mr Mukherjee possesses over 28 years of experience in the areas of HR and finance in HPCL.
Source: 06-02-08 DNA Money Compiled by www.naukri.com
HeadlinesNew COO For Raymond
Raymond Ltd has announced the appointment of Mr Deepak Khetrapal as the Chief Operating Officer. Mr Khetrapal joined the Raymond Group in 2007 as President, corporate and strategic initiative. He possesses over 31 years of experience. Starting his career with the State Bank Of India, he has worked with the Turner Morrison Group as Director and at Steelage Ind Ltd as the CEO. Prior to joining the Raymond Group, he was the Asia-Pacific region head for Gunnebo AB.
Source: 07-02-08 www.finance.indiainfo.com Compiled by www.naukri.com
No comments:
Post a Comment