Read thousands of HR articles on a variety of topics written for human resources professionals by HR professionals. This website includes HR related articles, links and forums. Extensive HR community forums: benefits, HR management, recruiting,compensation, and more.
64% Of Employers Say Engineering Grads Are Not Employable
According to a survey conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the World Bank, that there is a major skill gap among Indian engineering graduates. The survey revealed that 64 percent of surveyed employers are "somewhat", "not very", or "not at all" satisfied with the quality of engineering graduates' skills. Mr. Andreas Blom, senior education economist at the World Bank, said, "The survey highlights the need for colleges to focus on the skills of the graduates. Each college should define the set of skills that a graduate is supposed to have after each semester. Further, colleges need to change pedagogical style from teacher-centric to student-centric, and include more assignments for students to independently analyse and apply tools on real life problems."
Source: 08-11-09 ibnlive.comCompiled by Amresh Anjan
Deloitte Plans To Recruit Over 4,000 In Three Years
Global consulting firm, Deloitte said it is optimistic about the expansion of its businesses in India and plans to hire over 4,000 people in the next three years. "At present, we have over 11,000 employees in India we plan to take this beyond 15,000 over the next three years. Our India business has given the strongest performance last year despite the downturn and we remain optimistic about this market and will continue to invest in it," Mr. Jim Quigley, Deloitte Touche Tohmatsu, CEO, said. Last year, Deloitte had about 8,500 employees in India.
Source: 10-11-09 rediff.comCompiled by Amresh Anjan
Infosys BPO Plans To Increase Headcount By 1,500-2,000 People
Infosys BPO, the back-office unit of IT firm Infosys Technologies is planning to employ 1,500-2,000 people by the end of the current fiscal. "We plan to hire 2,000 people in the next four-five months or by the end of this fiscal. Currently we are 16,000 people in India," Infosys BPO CEO, Mr. Amitabh Chaudhry said.
Source: 10-11-09 rediff.comCompiled by Amresh Anjan
Adobe To Axe 680 Jobs Worldwide
Software firm Adobe Systems Inc is slashing 680 full-time job positions worldwide, nearly 10 per cent of its total workforce, as part of its cost cutting initiative. The company currently has employee strength of more than 7,000.
Source: 11-11-09 rediff.comCompiled by Amresh Anjan
TCS Plans To Recruit Local Talent In The US
Tata Consultancy Services (TCS) is expanding again in the US and is hiring at its new facility near Cincinnati, Ohio, which will employ 1,000 workers by the end of 2010, the company said. It has picked up on the cue to scale up the Ohio facility to 300 employees and is aggressively recruiting from US universities. TCS is now a leading recruiter for the University of Cincinnati and Ohio State University and collaborates closely with them to prepare US graduates for jobs in technology and computer science.
Source: 11-11-09 DNA Compiled by Amresh Anjan
India – A Recruitment Outsourcing Hotspot For Corporate Giants In The US
According to a recent survey, corporate giants based in the United States and the UK are looking to leverage their recruitment process outsourcing services from emerging market locations like India, in a bid to cut costs. The global consulting and research firm Everest Group said increasing cost pressures in the current economic environment has led North American and UK buyers to start receiving the back-office RPO services from offshore location such as India. Indian suppliers such as Infosys, Wipro and Caliber Point have already entered this space in the past two years, while Western suppliers such as Momentum and PeopleScout are also leveraging India for delivering RPO services.
Source: 11-11-09 rediff.comCompiled by Amresh Anjan
Accenture Bullish On Hiring
Technology firm, Accenture is optimistic about increasing its headcount, next year. Information technology and consultancy were among the worst-hit sectors by last year's global economic crisis, consequences of which are still being felt by businesses across continents. It said that it would shore up its staff strength by 8,000 by next year, mainly in the analytics space. "We are 42,000 right now and we imagine we will be about 50,000 by the end of 2010," Accenture chairman and chief executive officer, Mr. William D Green said.
Source: 09-11-09 DNA Compiled by Amresh Anjan
Expat Pilots, Hiring Firms Constitute 10% of AI Salary Bill
To pay its team of over 160 foreign pilots and hiring firms, cash-strapped Air India has been spending around ten percent of the airline's total salary bill. As showed by the airline in response to a Right To Information application, NACIL paid Rs 93.29 crore towards salaries and expenses to the agencies which provided expatriate pilots to Air India and Air India Express last financial year. Out of this, Air India paid Rs 46.63 crore (USD 93, 27,644.23) while its budget arm, Air India Express spent Rs 46.66 crore (USD 93,33,732.11) on the expat pilots during the same period.
Source: 08-11-09 DNA Compiled by Amresh Anjan
Barclays Plans To Increase Its Asia Staff
Barclays said that it would increase its workforce in the merchant banking segment across Asia by 10 percent during 2010. "We would expect our workforce to increase across Asia by 10 percent," said Mr. A Morrice Robert, Chairman and CEO Asia Pacific, Barclays.
Source: 10-11-09 Hindustan Times Compiled by Amresh Anjan
Lloyds To Slash 5, 000 Jobs
Britain's Banking Group is planning to axe 5, 000 more jobs as it reorganizes its group operations and insurance and retail divisions. The job cuts would include 2, 400 contractors, temporary staff and offshore personnel.
Source: 11-11-09 Hindustan Times Compiled by Amresh Anjan
EPFO Proposes Increase In Salary Limit To The Labour Ministry
The Employee Provident Fund Organisation (EPFO) has proposed to the labour ministry to increase the salary limit for employee provident fund (EPF) to Rs 10, 000 from the current Rs 6, 500. In its proposal, it has also requested to cover companies with a minimum of 10 employees under the Employee Provident and Fund and Miscellaneous Provisions (EPF & MP Act), 1952, against the present norm of 20 employees. If this proposal gets approved, it could turn out to be an important move because of rise in salaries. But for smaller industries like Beedi industry, which pay a lower rate of 10 percent, because of lower turnover, would see a higher outgo if this regulation is implemented.
Source: 07-11-09 Business Standard Compiled by Amresh Anjan
Finance Jobs Back In Action At IIM - Ahmedabad
Finance companies overcame the slowdown blues to once again emerge as the hot favorite among the 2009-11 batch of the post graduate programme this year. In this year's IIM – A's placements, finance remained the top pick with 44 percent of students opting for roles in finance, investment banking, private equity, corporate banking and treasury roles. The Royal Bank of Scotland saw the highest number of acceptances - 12 students will join the lender for summer internships in April-May 2010.
Source: 07-11-09 Business Standard Compiled by Amresh Anjan
50 Days Long Strike Comes To An End At Rico Auto
Following an agreement with the management, workers at Rico Auto called off their strike of around 50 days. According to the agreement, out of 16 workers who were suspended after the strike started, the management has agreed to revoke the suspension of eight, while one worker will be taken back after one month, Rico Auto Senior, Vice-President (HR Corporate), Mr. Surinder Singh Chaudhary said. He added that incentives and other issues like salary hikes would be decided after comparing with those of other leading firms located in and around the Gurgaon-Manesar belt. The workers went on strike from September 17 demanding, among other things, salary hike and recognition of their union.
Source: 07-11-09 Business Standard Compiled by Amresh Anjan
General Motors' Workers Strike
General Motors Co said it was preparing a plan to restructure Opel and could pay off debt due this month as German workers went on strike to protest the auto makes decision to keep the European unit. The workers have put down their tools saying that GM had betrayed their interests by reversing a decision to sell a majority stake in Opel to a Russion-backed consortium led by Magna International.
Source: 07-11-09 Business Standard Compiled by Amresh Anjan
Unemployment Jumps To 10.2% In US
The rate of unemployment in the US jumped to a 26-year high of 10.2 percent in October and employees cut more jobs than forecast, underscoring why Federal Reserve policy makers say interest rates will remain negligible. Last month, payrolls fell by 190, 000 workers compared with a 175, 000 drop anticipated by the median forecast of economists figures from the Labor Department showed in Washington.
Source: 07-11-09 Business Standard Compiled by Amresh Anjan
Berkshire's NetJets Gives Pink Slips To 495 Pilots
NetJets Inc, the unprofitable plane-leasing unit of Berkshire Hathaway Inc, is firing 495 pilots as the downturn in corporate flights persists. "This difficult decision resulted from a comprehensive analysis of current and projected flight demand," Mr. David Sokol, NetJets, Chief Executive Officer, said.
Source: 07-11-09 Business Standard Compiled by Amresh Anjan
Jute Mill Workers Plan To Strike From Work
Jute mill workers may go on strike this month-end. However, observes feel that this could be risky for the industry's future markets given the present timing. The industry, which provides sustenance to nearly four million growers, experience an 18-day strike last year and its second longest 'cease work' for 63 days in 2007.
Source: 07-11-09 Business Standard Compiled by Amresh Anjan
Satyam Names New Infra Head
Satyam Mahindra System has named Mr. Sudhir Nair as Senior Vice-President and Head of Infrastructure Services. He will be working out of the company's office in Bangalore.
Source: 11-11-09 Business Standard Compiled by Amresh Anjan
Realty Firms Set To Hire Again
Improvement in the market situation and better end-buyer sentiments are finally ensuring a hiring spree among big realtors across major cities. Developers have now started hiring across-the-board, from top-level executives, including, CEOs and COOs to middle-level executives in execution and sales departments. But pay packages have not reached the peak levels of 2008 yet. As per industry experts, the blood bath that the real estate industry witnessed during the downturn has made employers more cautious and salaries are likely to remain 30-35% lower than what was offered at the peak of growth last year.
Source: 09-11-09 The Financial Express Compiled by Amresh Anjan
25 Percent Rise In IIM-L Summer Job Placements
The first phase of summer placements at the Indian Institute of Management, Lucknow (IIM-L) saw a 25 per cent increase in the number of offers as compared to 2008. According to a release from the institute, the first phase has seen a distinct revival in the financial sector, with several major banks and financial companies hiring in significant numbers. Major FMCG firms including Procter and Gamble, Hindustan Unilever, Diageo, Coca Cola, Nokia, Cadbury and several others have already participated in the summer placements so far. The year also marked the entry of several companies such as Singapore Telecom, Puma and Bharti Airtel, who participated in the process for the first time.
No comments:
Post a Comment