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Indian Outsourcing Firms Need More Preparation For Dealing With Europe, Reveals A Survey
A survey conducted by London-headquartered outsourcing advisory firm Quantum Step reveals that in Europe various barriers existed in doing business with Indian outsourcing firms. According to the survey, some companies pointed out the 'awkwardness' with which Indian men interacted with women. There was another complained listed pointed out the difference in the way Indians perceived to behave towards European clients their own Indian subordinates. Another strong point made had to do with the perception that Indians working onshore in Europe made little attempt to integrate with local employees, preferring instead to socialize and live with other Indians. But despite these findings, continental Europe is gradually opening up to do business with Indian Outsourcing companies, Mr Sridhar Vedala, Quantum Step's Managing Director, said.
Source: 06-02-10 Business Standard Compiled by Amresh Anjan
UK Adopts Stringent Student Visa Rules
After Britain suspended issuing student visas in north India, Home secretary, Mr Alan Johnson announced measures intended to slash the number of student visas. He said UK will continue to welcome genuine students, but will come down on those who use student visas to come to Britain to work. Under the new measures, students applying from India and other countries outside the EU will have to meet a higher bar on English language requirement, and students taking courses below degree level will be allowed to work for only 10 hours a week, instead of 20.
Source: 08-02-10 Indian Express Compiled by Amresh Anjan
Genpact To Add 10,000 Employees To Its Portfolio
Genpact Ltd is planning to hire 10,000 people across the globe to match its sales growth of 14-17% in 2010, a top official of the company said. The company has announced its intention to hire senior level people worldwide and it recently invested $9 million on account of hiring 10 senior country specific executives across UK, Germany, France, the Nordic region of Europe, the US and Japan.
Source: 08-02-10 DNA Compiled by Amresh Anjan
NTPC Reverses Its Decision To Attract Former Employees
NTPC Ltd, Asia's largest power generation company, has turned away from hiring its former employees. The utility has rejected applications of 284 engineers who were looking forward to rejoin the organization, this after advertising for people who used to work for the company. "We have no plans to take them back. We have our own talent pool which is capable of delivering our targets. We have been recruiting around 1,000 employees on a yearly basis, around 80% of our new intakes being engineers," said NTPC human resources director, Mr R.C. Shrivastav.
Source: 09-02-10 livemint.comCompiled by Amresh Anjan
TCS To Increase Its Headcount By 30,000 Next Fiscal
Tata Consultancy Services (TCS) announced that it plans to hire 30,000 people next fiscal. The workforce of the company stands at 1, 49,654, with an employee utilisation rates of 81.1% excluding trainees and 77.2% including trainees, and an attrition rate of 11.5%. Out of the 30,000 people to be added, 70% would be freshers and the rest laterals. Around 2,000 professionals would get into the company's development centres abroad.
Source: 11-02-10 DNA Compiled by Amresh Anjan
Banks, Finance Pros Want To Stay Back Home
Surprisingly, banking and financial sector professionals, who have spent possibly a decade looking for well-paying overseas jobs and postings, are increasingly shying away from foreign assignments after the global economic slowdown. They fear the budding recovery in the global economy may be fragile and bumpy and prefer to stay put in home jobs with lower perks and salaries. A senior foreign bank executive said that several of his colleagues were opting for "stability and safety" rather than take up an assignment in a foreign location fraught with risks.
Source: 08-02-10 Hindustan Times Compiled by Amresh Anjan
Deloitte To Double Its Workforce
Deloitte plans to almost double its India workforce to 24,500 over the next 30 months, a top company official said. "We will hire around 12,000 people in every sector, including IT, CAs, financial services. The process has started and 40 per cent of the total hires will be freshers," Deloitte India's managing director Mr Hari Kumar told PTI on the sidelines of the Nasscom Summit here today. The recruitments would be across the 13 offices Deloitte has in India, Kumar said. He, however, added that the firm was not very keen on expanding its operations (in terms of offices) in the country.
Source: 11-02-10 DNA Compiled by Amresh Anjan
Thirty ISB Students Did Not Take Part In The Placement Process
Around 30 students of Hyderabad-based Indian School of Business, have been apparently bitten by the entrepreneurial bug and may skip the ongoing placement drive. Most of them are looking at opportunities in areas like travel, education and use of clean technologies. "About 20 to 30 students will not sit for placements. They are focused on their own projects," said Mr Krishna Tanuku, Director of Wadhwani Centre for Entrepreneurship Development at ISB. He added that while some might turn to entrepreneurship, others might opt to aid their family businesses.
Source: 12-02-10 Business Standard Compiled by Amresh Anjan
Hexaware To Hire 400-500 Engineers
Hexaware Technologies Ltd is planning to recruit as many as 400-500 fresh engineers from campuses in calendar year 2010, its top official said. "In calendar year 2010, we are planning to recruit 400 to 500 fresh engineers from campuses as we see an overall increase in business this year," executive chairman Mr Atul Nishar said.
Source: 11-02-10 DNA Compiled by Amresh Anjan
Maruti Suzuki India Buoyant On Hiring
Maruti Suzuki India said that it will recruit an additional 950 people in the next financial year including some expatriates from Europe and the US. "We are looking at 950 people for 2010-11. A good chunk will go for research and development," Maruti Suzuki India Managing Executive Officer Administration (HR, Finance and IT) Mr S Y Siddiqui told reporters on the sidelines of SIAM HR conclave. Currently, MSI has a total of 7,500 employees.
Source: 12-02-10 ptinews.comCompiled by Amresh Anjan
McAfee CFO To Retire Soon
McAfee Inc's chief financial officer, Mr Rocky Pimentel is going retire after less than two years on the job. He joined the company in May 2008 and will be leaving it later this year, McAfee said.
Source: 12-02-10 DNA Compiled by Amresh Anjan
US Employers Cut 20, 000 Jobs In January
US employers slashed 20, 000 jobs in January, while the unemployment rate eased to 9.7%, the Labor Department reported. The report fell short of expectations for a gain of 15, 000 jobs that would have been a clear sign of a turn-around in the troubled US market and overall economy.
Source: 06-02-10 Hindustan Times Compiled by Amresh Anjan
Nielson Announces Appointment Of New MD
Global information and media company Nielson Company has named Mr Piyush Mathur as managing director of its South Asia business. He has replaced Mr Partha Rakshit, who has retired from the post. Mr Rakshitwould continue to be associated with Nielson as a consultant on special projects.
Source: 09-02-10 The Financial Express Compiled by Amresh Anjan
JP Morgan CEO Gets A Compensation Package Of $16 Million
JP Morgan Chase & Co. which reported $11.7 billion in profit in 2009, awarded Chief Executive Mr Jamie Dimon a compensation package worth about $16 million. The company said that Mr Dimon will not take a cash bonus for the second year running.
Source: 06-02-10 Business Standard Compiled by Amresh Anjan
SAP India Appoints New MD
Mr Peter Gartenberg has joined SAP India as the Managing Director. Mr Alok Goyal, who previously served as Vice-President, is going to assume the role of Chief Operating Officer.
Source: 10-02-10 The Hindu Business Line Compiled by Amresh Anjan
Bharti Names New COO For Tamil Nadu
Bharti Airtel has announced the appointment of Mr R. Anantharaman as Chief Operating Officer, Airtel Mobile Services, Tamil Nadu. Previously, he was the COO for Airtel West Bengal and Orissa.
Source: 11-02-10 The Hindu Business Line Compiled by Amresh Anjan
CEO Of MySpace Steps Down
The Chief Executive of MySpace, Mr Owen Van Natta has stepped down and is being replaced by Mr Mike Jones and Mr Jason Hirschhorn as co-presidents. Mr Van Natta, whose resignation is effective immediately, comes after less than a year with the MySpace. "In talking about his priorities both personally and professionally going forward, we both agreed that it was best for him to step down at this time," said Mr Jon Miller, News Corp's Chairman and CEO of Digital Media.
With the objective of preparing Managers to deal with compensation challenges in 2010, People Matters is organizing a special conclave on 17th February. The event will have a series of panel discussions, technical sessions and case studies. For complete agenda and speakers, visit www.peoplematters.in/events, email rekha.c@peoplematters.in or call 0124 - 4148101.
Source: 16-02-10 People Matters Compiled by Amresh Anjan
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