| Facebook, Orkut Claim 1.5% Of Office Output |
| According to a survey by global provider of IT research Nucleus Research, social networking sites such as Facebook and Orkut are affecting the office work culture with majority of the corporate houses globally losing an average of 1.5% of total office output due to this. Nearly 50% of workers access social networking sites during work and one in every 33 workers built their entire Facebook profile during work and this in turn impacts office productivity. As per the survey findings, around 77% of workers have a Facebook account, 47% of total workforce access Facebook at work and the average minutes accessed per day is 15 minutes. |
| Source: 26-07-09 www.livemint.com Compiled by Amresh Anjan |
| IT Sector Employment To Rise To About 2.25 Mn By 2015 |
| The government has said that the Indian IT sector is expected to directly employ about 2.25 million professionals by 2015 as against 0.77 million in 2007. The number was based on a study by the Department of IT in consultation with the National Manufacturing Competitiveness Council. |
| Source: 27-07-09 www.hindu.com Compiled by Amresh Anjan |
| Come January, Infosys Will Begin Campus Hiring |
| Showing signs of recovery from economic slowdown, Infosys will begin campus recruitment across the country from January 2010. This year, the company skipped campus recruiting in view of the global economic slowdown. Infosys is also looking at training about 18,000 of its employees under the extended mode till January 2010 and has also enhanced the present training of freshers from three and a half months to six months. |
| Source: 29-07-09 www.rediff.com Compiled by Amresh Anjan |
| More Than 500,000 Subscribe To New Pension Scheme |
| Till June-end, over 500,000 people had subscribed to the New Pension Scheme started by the government. The scheme was extended to all citizens of the country from May 1, 2009. Under the scheme, government has allowed 50 per cent of the funds to be invested in the stock markets. |
| Source: 28-07-09 www.rediff.com Compiled by Amresh Anjan |
| Kingfisher Warns Staff Of Delayed Salaries |
| Kingfisher Airlines Ltd, India’s biggest airline by passengers, has warned its 6,000-plus employees to be prepared for delayed salaries and embarrassing dealings with unpaid vendors in the months ahead. The management of Kingfisher Airlines has sent an e-mail to its staff saying that it was difficult to foresee what the future held for the carrier. The e-mail also explained how the airline was trying to improve its state of affairs. Kingfisher Airlines owes over Rs 950 crore to state-run oil companies. |
| Source: 29-07-09 www.livemint.com Compiled by Amresh Anjan |
| Outdated Tech Puts 29,533 Jobs At Risk |
| registered at the state district employment exchanges. According to the Comptroller and Auditor General of India, these candidates are not likely to get jobs because of computer errors by staff and usage of outdated technology. Since the system is not Y2K-complaint, 3,245 dates falling between the year 2000 and 2008 entered in 'dd/mm/yy' format got stored as the dates between 1900 and 1908. This resulted in consideration of 348 candidates as senior-most, aged over 100, by the system during the selection process. |
| Source: 31-07-09 Business Standard Compiled by Amresh Anjan |
| AIMA 8th National HRM Summit On August 7-8 in New Delhi |
| All India Management Association (AIMA) is organizing its 8th National HRM Summit on August 7-8, 2009 at Hotel Intercontinental Eros in New Delhi. The summit is aimed to demonstrate the potency of HR for developing and sustaining human capital to leverage growth in an organization. The Summit will address the following issues: Expectations from HR; Creating a Leadership Pipeline; Compensation & Rewards – The Keys to Success; Sustaining High Performance Teams; Employee Engagement and Communication for The Rainy Days; Managing Uncertainty - Soft Functions Hard Decisions and Future Proofing for all Times – Creating a Sense of Urgency, besides others. For registrations, please contact Mr Aseem Kumar / Mr Dhananjay Singh, Tel.: 011-24608511, 24645100 Ext 230/260; Fax.: 011-24626689 E-mail: akumar@aima-ind.org, dksingh@aima-ind.org, srawat@aima-ind.org | Website : http:/www.aima-ind.org |
| Source: 29-07-09 AIMA Compiled by Amresh Anjan |
| Pension For Govt Staff Only After Completion Of 20-Year Service |
| The Central Administrative Tribunal has ruled that government employees can claim pension only if they have completed a minimum of 20 years of service. On plea of a Delhi Transport Corporation employee, who had allegedly not been given the pensionary benefits after he opted for VRS, the tribunal noted that the pension scheme was there as per the Central Civil Services (Pension) Rules and minimum incumbency of 20 years of service was required for a person to claim pension as a matter of right. |
| Source: 28-07-09 www.rediff.com Compiled by Amresh Anjan |
| Over 100 British Council Jobs To Be Outsourced To India |
| In an attempt to save taxpayers' money, more than 100 British Council jobs in the UK are to be outsourced to India. The exact nature of the jobs to be outsourced is not known yet. It is being speculated that about half the jobs to be outsourced will be in education and teaching. The council, which promotes British culture and language abroad, has announced that 500 of its 1,300 British workers would have to go in the next 18 months to save 45 million pounds. More than a fifth of these posts are to be filled in India. |
| Source: 29-07-09 www.topix.com Compiled by Amresh Anjan |
| US Firms Increasingly Freezing Pension Plan For Employees |
| In the US, more and more firms are resorting to freeze their pension plan for employees, as the corporates grapple for ways to cut costs. According to a survey by global consultancy firm Watson Wyatt, the count of Fortune 1000 firms that have suspended their pension plan has risen to 190 firms this year, as compared to 169 companies in 2008. |
| Source: 28-07-09 www.rediff.com Compiled by Amresh Anjan |
| U.S. Jobless Claims Rise But The Trend Is Easing |
| According to the Labor Department data, initial claims for state unemployment insurance benefits rose by 25,000 to a seasonally adjusted 584,000 in mid-July. However, the government data implies a slowing pace of layoffs as the number of people still on benefit rolls after collecting an initial week of aid fell by 54,000 to 6.20 million in the week to July 18, the lowest since early April. Also, the four-week moving average for new claims fell by 8,250 to 559,000, the lowest since late January. |
| Source: 30-07-09 news.yahoo.com Compiled by Amresh Anjan |
| NYSE Euronext Slashes Nearly 300 Jobs |
| Transatlantic exchange group NYSE Euronext has announced plans to cut 290 jobs in Europe and the U.S. The job cuts came in the wake of a drop in second-quarter earnings by 34 percent to $132 million. |
| Source: 30-07-09 news.yahoo.com Compiled by Amresh Anjan |
| Continental Airlines To Eliminate 1,700 More Jobs |
| US-based Continental Airlines is planning to cut 1,700 more jobs following a drop in passenger numbers during the summer season and a quarterly loss of US $214 million reported between April and June. The layoffs come on top of 1,200 eliminated positions that have been announced since May. The job cuts and fee changes will produce $100 million in annual benefits. |
| Source: 25-07-09 www.dnaindia.com Compiled by Amresh Anjan |
| US Employees Likely To See Salary Hike In '10 |
| According to a survey by global consulting firm Hay Group, employees in the US are expected to see their salaries rise by as much as 3 per cent in 2010 as the economic recession is likely to ease in the coming months. The planned 3 per cent increase in compensation would be across executives, middle management, supervisory and clerical positions. The survey results are based on the responses from more than 400 organisations from March through June 2009. |
| Source: 27-07-09 www.rediff.com Compiled by Amresh Anjan |
| German Unemployment Rate Falls Unexpectedly |
| For the first time in nine months, German jobless rate unexpectedly fell in July. According to Labour Office data, unemployment fell in July by 6,000 month-on-month, giving a jobless rate of 8.3%. Major use of shortened working hours relaxed job losses in Germany, where unemployment has risen by only 300,000 since the global financial and economic crisis intensified. |
| Source: 30-07-09 www.cnbc.com Compiled by Amresh Anjan |
| Citigroup Appoints Three New Directors |
| Citigroup Inc has appointed three new directors, namely Ms Diana Taylor, 54, the former New York banking superintendent, Ms Timothy Collins, 52, chief executive of private equity firm Ripplewood Holdings LLC, and Mr Robert Joss, 68, a professor at Stanford University's business school. Citigroup's board now has 17 members, including seven who joined this year. Also, board member Mr Jerry Grundhofer has been given the job of chairman of its retail banking unit. |
| Source: 25-07-09 news.yahoo.com Compiled by Amresh Anjan |
| New Managing Director & CEO At SBI Life |
| SBI Life has appointed Mr Mahadev Nagendra Rao as its new managing director and chief executive officer. Mr Rao succeeds Mr US Roy who retired on July 31. |
| Source: 31-07-09 www.dnaindia.com Compiled by Amresh Anjan |
| Two Senior Appointments At Religare |
| Religare Enterprises Limited has appointed Ms Jasmine Arora as director, Institutional and Investor Relations. She will be based out of its corporate headquarters in New Delhi. Also, Mr Deepak Chhabria has been appointed as president—Asia-Pacific, Religare Hitchens Harrison (RHH), and he will be based out of Singapore. Prior to this, Ms Arora was with UBS AG, London, where she was director, Wealth Management while Mr Chhabria joins Religare Hitchens Harrison from Collins Stewart Pte Ltd. |
| Source: 29-07-09 www.livemint.com Compiled by Amresh Anjan |
| Mr Vishwavir Ahuja Quits BoA |
| Mr Vishwavir Ahuja has recently resigned as head of corporate banking and CEO at Bank of America. Mr Ahuja has been with Bank of America for over 20 years with various assignments to his credit. |
| Source: 30-07-09 Business India Compiled by Amresh Anjan |
| Ambit Holdings Appoints Ms Anajit Singha |
| Ambit Holdings has recently appointed Ms Anajit Singha as head of institutional equity sales at Ambit Capital. At Ambit, he will be responsible for identifying new opportunities and building the institutional equity sales business. Prior to this, he was with a German private investment bank. |
| Source: 30-07-09 Business India Compiled by Amresh Anjan |
| Allied Media Apoints Mr Suresh Shah |
| Mr Suresh Shah was recently appointed as investment director at Allied Media. Mr Shah brings to the table 25 years of experience in the function of account servicing, media planning and buying. |
| Source: 30-07-09 Business India
Compiled by Amresh Anjan |
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