| IT Firms Increasing Training Period For Fresher’s |
| With an objective to make entry-level employees better equipped to meet the future needs of the industry, IT services firms are doubling the training period for fresher’s. Companies are planning better training for fresher’s even if it means a rise in costs for the firms. Besides, it would mean a delay in deployment of people for revenue-generating projects. TCS has increased the training period from three months to six months from the first quarter of FY2009-10. Infosys Technologies has increased its training period from three-and-a-half months last quarter to 26 weeks in the first quarter of the current fiscal. |
| Source: 24-07-09 www.dnaindia.com Compiled by Amresh Anjan |
| Accenture Fails To Meet Hiring Target In India |
| In the wake of the global economic slowdown, Accenture has failed to meet its hiring target in India for the current year. The company had targeted its India headcount to touch 50,000 this year from 37,000 as of April 2008. However, it recruited just 3,000 in the last one year, short by 10,000 heads. The firm is hiring on need basis and is willing to get people on board at both entry and domain knowledge level. |
| Source: 24-07-09 www.dnaindia.com Compiled by Amresh Anjan |
| TCS Is 5,000 Employees Leaner |
| Nearly 5,000 employees have recently exited Tata Consultancy Services. In the last quarter, TCS added a total of 2,828 employees to its headcount taking the total employee count to 1,43,761 at the start of the quarter. With the newly appointed staffers, the total staff count should have been 1,46,589 by the end of June. However, as of June 30, 2009, TCS had a head count of 1,41,642, bringing the total headcount down by 4,947 employees. Also, TCS has recalled close to 1,200 employees from the US and has decided not to hand out any salary increment this year. |
| Source: 23-07-09 www.rediff.com Compiled by Amresh Anjan |
| "Special Leave" Is Not Employees’ Right: SC |
| In a recent ruling, the Supreme Court has decreed that government employees cannot avail special leave as a matter of right as the same depends on the exigencies of the administration. With this ruling, the apex court has struck down a direction passed by Punjab and Haryana High Court. SC has said that an employee cannot claim the leave merely because his contemporaries or others have been extended similar relief. Government employees normally enjoy special leave facilities extending up to five years. |
| Source: 22-07-09 www.zeenews.com Compiled by Amresh Anjan |
| Now, Air India Delays Payment Of Incentives |
| After delaying June salaries, the cash-strapped national carrier Air India has deferred productivity-linked incentives, or PLIs, to all its employees until 20 August. However, it will pay salaries for July at the end of the month. The PLI payments have been delayed as a four-member committee has been appointed to review and revise the PLI parameters. The annual wage bill of the carrier stands at about Rs3,000 crore per annum and PLI accounts for almost half of this amount. |
| Source: 23-07-09 www.livemint.com Compiled by Amresh Anjan |
| Income Tax Dept Facing Acute Staff Shortage |
| The Central Board of Direct Taxes has recently submitted a report to the government saying that the income tax department needs to recruit at least 8,965 officials within the next five years for smooth functioning. This estimate includes an extra 760 sanctioned personnel in the Indian Revenue Service. Other than this, the department needs to create 42 posts of principal chief commissioner of Income Tax (Principal CCITs), 74 CCITs, 116 Senior CCITs and Deputy CITs. |
| Source: 21-07-09 Business Standard Compiled by Amresh Anjan |
| Govt. Estimates 1 Cr New Jobs In Village Industries |
| According to government estimates, the total employment in the khadi and village industries sector will touch over 1 crore (10 million) by the end of current financial year from nearly 93 lakh in the previous fiscal. According to the annual report of Ministry of Micro, Small and Medium Enterprises for 2008-09, the village industries are projected to have 100.25 lakh jobs by end of 2009-10, whereas the khadi sector is estimated to have 10 lakh jobs during the period. |
| Source: 21-07-09 www.rediff.com Compiled by Amresh Anjan |
| Staff Crunch In Surat's Diamond Industry |
| The Rs 50,000-crore (Rs 500-billion) diamond industry in Surat had to lay off thousands of workers in the past few months amid falling demand due to the economic downturn. However, as the demand is reviving, the industry is facing acute crunch of skilled manpower. The laid-off workers have mostly switched to sectors like textile and agriculture and are apprehensive about returning to diamond processing after their recent experience of being laid off. |
| Source: 23-07-09 Business Standard Compiled by Amresh Anjan |
| Wipro Hiring Local Talent For Overseas Projects |
| In a bid to stem the anti-outsourcing sentiment in the US currently, Wipro is planning to hire more locals for its overseas projects, especially in the US and Europe. Local talent is being increasingly hired for front-end sales, support roles and as client managers. |
| Source: 23-07-09 Business Standard Compiled by Amresh Anjan |
| Yes Bank To Recruit 900 People |
| Private sector lender Yes Bank plans to recruit more than 900 people in the current financial year (2009-10) to boost expansion plans in key segments. The bank reported 84 per cent jump in its net profit for the first quarter ended June 30. |
| Source: 21-07-09 www.financialexpress.com Compiled by Amresh Anjan |
| OBC To Add More Than 1,500 Personnel During 2009-10 |
| Oriental Bank of Commerce (OBC) has announced plans to hire over 1,500 employees, during 2009-10 to meet its growth targets. The bank plans to expand its branch network to 1,500 branches and has applied for 117 branch licenses. This will include around 100 marketing managers and 83 agriculture officers. In 2008-09, the bank recruited 1,427 personnel, including 191 agricultural officers. |
| Source: 22-07-09 www.financialexpress.com Compiled by Amresh Anjan |
| UAE Introduces New Wage Protection System |
| The UAE government has issued a decree according to which all institutions registered with the labour ministry will have to pay their workers' wages and salaries from September this year through a new system called the Wage Protection System. The system involves transfer of salaries and wages through selected financial institutions, authorized and regulated by the government. The system has been introduced to protect the rights of workers in the country. This will ensure that workers are not subjected to any deductions or charges to get their salaries. |
| Source: 23-07-09 www.rediff.com Compiled by Amresh Anjan |
| Porsche CEO And CFO Quit |
| In a much-anticipated move, Porsche's CEO Mr Wendelin Wiedeking and CFO Mr Holger Haerter have quit the company, thus paving the way for a merger with fellow German carmaker Volkswagen. Porsche already owns more than 50% of VW. Mr Wiedeking will be replaced by 48-year-old Mr Michael Macht as CEO. |
| Source: 23-07-09 www.shortnews.com Compiled by Amresh Anjan |
| 3-Year Wage Settlement Contract Between Hyundai And Its Workers |
| Car maker Hyundai Motor India Ltd (HMIL) has signed a three-year wage settlement contract with its workers. The settlement comes on the backdrop of protests by workers demanding the right to organize a labour union. The Hyundai Motor India Employees’ Union formed in 2007 has around 1,150 members but the workers allege that the company had not acknowledged its existence. The recently signed contract would also apply to their 1,600 technicians. |
| Source: 24-07-09 www.livemint.com Compiled by Amresh Anjan |
| Unemployment Rate Over 10% In 15 US States In June |
| According to federal data, unemployment rate in the US stood over 10% in 15 states and the District of Columbia last month. The rate in Michigan topped 15%, the first time any state hit that mark since 1984. According to the Federal Reserve projections, the national unemployment rate, currently at a 26-year high of 9.5%, will pass 10% by the end of the year. The other 14 states where unemployment topped 10% last month were: Alabama, California, Florida, Georgia, Illinois, Indiana, Kentucky, Nevada, North Carolina, Ohio, Oregon, Rhode Island, South Carolina and Tennessee. |
| Source: 18-07-09 www.livemint.com Compiled by Amresh Anjan |
| In UK, Recession Forces People To Take Up Part-Time Jobs |
| According to the Office for National Statistics in the UK, recession forced almost a million people to take up a part-time job because they could not find full-time work. In the three months to May, 927,000 people said they were working part time because they could not find a full-time job. Many UK firms are asking their staff to reduce their hours as they try to tide through the recessionary wave. For instance, British Airways has asked many of its staff to work part-time or take unpaid leave. |
| Source: 20-07-09 news.bbc.co.uk Compiled by Amresh Anjan |
| Cinepolis India Appoints Mr Ashish Shukla |
| The international film exhibitor Cinepolis India has recently appointed Mr Ashish Shukla as head of exhibition. Prior to this, Mr Shukla was head (infrastructure and development) at Bharti Retail. |
| Source: 20-07-09 Business India Compiled by Amresh Anjan |
| New Appointments At Web18 |
| Web18, the internet and mobile arm of Network18, has appointed Mr Hatim Kantawalla as group editor and Mr Keshaw Sinha as vice president and head of technology. Prior to this, Mr Kantawalla was an associate publisher of PC Magazine, while Mr Sinha was head of the technology team at Zapak. |
| Source: 22-07-09 www.alootechie.com Compiled by Amresh Anjan |
| Mr Shivanand Mohanty Promoted At Dentsu |
| Dentsu Communications has promoted Mr Shivannad Mohanty to the position of Creative Head. In this role, Mr Mohanty will spearhead the agency’s creative function across its offices in Mumbai, Delhi and Bangalore. |
| Source: 18-07-09 www.exchange4media.com Compiled by Amresh Anjan |
| New Appointment At ESPN-Sports |
| ESPN-Star Sports has recently appointed Mr Jon Lefebvre as Vice President - Sales Operations and Strategy. Based in Singapore, he will be reporting to Mr Charles Less, Senior Vice President, Advertising and Multimedia Sales. Mr Lefebvre will be responsible for ESPN-Star Sports’ advertising sales and sponsorship strategies across seven sales regions covering South-east Asia, Japan and Hong Kong. |
| Source: 18-07-09 www.exchange4media.com
Compiled by Amresh Anjan |
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