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70, 000 Networking Professionals Are Needed In India
Although computers that process data and software that power them separately create hundreds of thousands of jobs globally, the networking technologies that link the two together are often missed in the buzz. Cisco Systems, the world's leading networking equipment company, has estimated that India is facing a shortage of 70,000 professionals in networking alone, as data centers mushroom and the Internet expands to help businesses and homes alike. Quality networking professionals are a rare species at the international level as well. "It is high time India trains more number of networking professionals to reap benefits," Mr Milind Gurjar, director of global market development and training delivery at Cisco, said.
Source : 24-03-10 Hindustan Times Compiled by Amresh Anjan
Infosys Plans To Tweak iRace To Smoothen Staff Unrest
Last year, in Oct, Infosys Technologies implemented a new 'career architecture' called iRace. The idea was to tune the career path of employees to industry needs of higher technical depth to cater to the needs of customers. iRace basically is about keeping staff in technical roles for longer durations before moving them into managerial roles. The idea somehow did not go well with staff at all, and it showed as attrition levels rose in the company. The company lost around 1,000 people in February alone, which, the company's human resources head Mr TV Mohandas Pai admitted, "was partly due to iRace and partly due to current job market conditions". But now the company has woken up. "We set up a working group to look into the issue (of iRace) and it has come up with some recommendations. These are being considered by us (Infosys management) currently," Mr Pai said.
Source : 24-03-10 DNA Compiled by Amresh Anjan
Uninor Increases Its Headcount In India
Uninor, a joint venture between Norway's Telenor, the world's sixth-largest mobile phone firm, and Indian real estate major Unitech, has appointed over 2,000 staff to launch its mobile service in three western telecom circles, as per a top official of the company. "We have hired over 2,000 staff to roll out services in the Mumbai, rest of Maharashtra-Goa, and Gujarat circles in the second quarter of the calendar year," said Mr Olav Sande, executive vice-president, western hub, Uninor. He also said that the firm will go pan-India within two years with a total investment of Rs 15,500 crore.
IKF Technologies Ltd plans to add about 2,000 more professionals to its portfolio by the end of 2010-11 from 400 for the company's BPO arm. The company is also looking at taking over a 100-seat BPO firm in the US. "In the BPO business, we have concentrated on the domestic telecom sector so far. Now, we are entering new segments such as insurance to achieve our target of earning a revenue of Rs 1,500 crore from the BPO business in the next two years," IKF Technologies managing director Mr C. S. Jalan said.
Source : 25-03-10 The Telegraph Compiled by Amresh Anjan
India Inc Likely To Ramp Up Hiring By 15 Pc In FY'11: E&Y
India Inc may witness 10-15 per cent increase in hiring in 2010-11, led by the telecom sector which is predicted to provide over one lakh jobs, global consultancy Ernst & Young has said. "Indian job market seems to be striking the right chord with country's working population, as more and more vacancies are being created and filled across sectors. On a conservative stand, percentage increase in hiring in the new fiscal can be between 10-15 per cent," Ernst & Young Partner and National Head (People & Organisation), Mr N S Rajan said. Other sectors that are expected to lead hiring in the new financial year include pharmaceuticals, FMCG and education, as they are facing a talent crunch at present.
Source : 21-03-10 Hindustan Times Compiled by Amresh Anjan
Wage Talks At Bosch's Bangalore Plant Settled
The management of Bosch Ltd made an amicable settlement with the employees' union at its Bangalore plant. Though details of the settlement were not revealed, company sources said that the management had agreed to give an increase of Rs 8,000 per month in their CTC (cost to company), more than double the Rs 3,600 paid in the previous settlement four years ago. In return, the union of the company assured 100 per cent normalcy in production operations.
Source : 25-03-10 Business Standard Compiled by Amresh Anjan
Central PSUs Staff Welfare Expense Rises
The costs of staff welfare of central Public Sector Units (PSUs) have grown at a higher rate between 2008-09 and 2007-08, compared to an increase in net sales during the same period. The staff welfare cost of 120 central PSUs saw a growth rate of 30.2%, while the average net sales of these companies increased by 21.2% in the same period. These days, refineries, steel and electricity companies are spending a significant amount of money on welfare schemes for their employees.
Source : 24-03-10 The Financial Express Compiled by Amresh Anjan
HUL Staff 's Initiative To Improve Employees' Health Pays Off
A four-year initiative by Hindustan Unilever Limited (HUL) to augment the vitality of its 15,000 employees has paid off. The number of employees with poor health has reduced from 8 per cent in 2006 to around 3 per cent in 2009. "In 2006, when we conducted the tests, 8 per cent of our employees were earmarked as red. Following continuous monitoring their number came down to 6 per cent in 2007 and 4 per cent in 2008," said Dr Thirumalai Rajgopal, Vice-President, Medical and Occupational Health, HUL. "The 2009 results will be out soon and I expect they would be around three per cent," he said.
Source : 21-03-10 Hindustan Times Compiled by Amresh Anjan
CEO Of Credit Suisse Earned $17.9 Mn Last Year
Swiss banking major Credit Suisse announced that its chief executive Mr Brady W Dougan received a compensation of 19.2 million swiss francs ($17.9 million) last year, almost seven times higher than his pay package in 2008. Out of the total amount given to him in 2009, he was awarded a salary of 1.25 million swiss francs and 17.87 million swiss francs worth of share-based and other awards.
Competition Commission of India (CCI), the quasi-judicial body mandated with the task of taking action against monopolistic practices, seems to have been hit by talent crunch as the number of pending cases continues to pile up. Its investigation wing is looking to hire about 50 new officials to take care of pending cases. Over 15 major cases have been referred to the commission but shortage of staff has prevented an early disposal of these cases. For the first time, the government has embarked on a major recruitment drive for its investigation wing, though it has been hiring for other departments.
Source : 25-03-10 Hindustan Times Compiled by Amresh Anjan
Govt Employees Have The Right To Get Promoted, Says Supreme Court
The Supreme Court said that a government employee has a fundamental right to be considered for promotion and it is mandatory for the Centre and states to carry out cadre review of eligible officers for promotion to the IAS. "The right of eligible employees to be considered for promotion is virtually a part of their fundamental right guaranteed under Article 16(Equality of opportunity in matter of public employment) of the Constitution," a bench comprising Justices Mr R.V. Raveendran and Mr A.K. Ganguly said.
Source : 25-03-10 Hindustan Times Compiled by Amresh Anjan
Citi's South Asia Chief Steps Down
Citigroup's south Asia chief executive, Mr Mark Robinson, has quit after a little more than one year in the job, people familiar with the matter said. Mr Robinson, a 25-year veteran at Citi with great expertise in emerging markets, is likely to take a similar regional role at ANZ Group, as per a person close to the executive.
Source : 20-03-09 www.ft.comCompiled by Amresh Anjan
SCL Appoints Ms Lakshmi Venu On Board
Sundaram-Clayton Limited (SCL) has named Ms Lakshmi Venu, daughter of Mr Venu Srinivasan, Managing Director of SCL and Chairman of TVS Motor Company Limited (TVSM), as an additional director, says a release from the company. The board has appointed Ms. Lakshmi Venu, as director (strategy) for five years. In the beginning of 2003, she underwent her initial training for three years as a management trainee in Sundaram Auto Components Ltd., a subsidiary of SCL. She was then deputed to work in TVSM, another ancillary of SCL.
Source : 23-03-10 The Hindu Business Line Compiled by Amresh Anjan
Jobs Are Back, Says Naukri Job Speak For Feb Which Is Up By 17%
The new Naukri Job Speak index at 947 for Feb-10 as compared to 808 in Jan-10 indicates a positive hiring sentiment among recruiters and jobseekers, which is up by 17%. A similar sentiment is echoed in the old job index (includes only jobs posted online by clients) as well, where the job index moved up by 14% in Feb'10 over Jan'10. This clearly shows that the tidings in the job market that had been stable over the past few months have improved and major industry sectors like IT, ITES, Auto and Banking have started hiring again.
Source : 19-03-10 naukri.comCompiled by Amresh Anjan
Indian Executives To Get More Salary Than Their Asian Counterparts
According to a report by global HR consultancy Mercer, Indian companies are expected to give the highest salary hike of up to 12 per cent in the Asian region, driven by rapid economic growth and need for executive talent. Mercer's Asia executive remuneration snapshot survey said that more firms are planning to grant pay hikes in 2010, as Asian economies continue to show signs of improvement. About 65 per cent of the 233 companies surveyed across the region plan to provide base salary hikes for executives, compared with only 30 per cent in 2009. In the Asian region, the median base salary increase for executives is likely to be around 4-5 per cent in 2010 compared with 0-1.6 per cent in 2009. However, the figure varies considerably across Asia.
Source : 17-03-10 The Hindu Business Line Compiled by Amresh Anjan
Get Paid To Eat!
A company in Britain is scouting for a worker who has to do nothing besides eating and the pay for this job is going to be around ₤24, 000 a year. The firm Proactol Ltd wants the worker to have a hearty appetite; the candidate should be happy to eat 400 extra calories every day – to test the fat-binding properties of a weight loss product. The firm said that their fat binder was clinically proven. The icing on the cake is that after sometime, the candidate will be allowed to work from home and the supplies will be delivered to them.
Source : 16-03-10 DNA Compiled by Amresh Anjan
Deutsche Bank CEO Took Away The Fattest Paycheck In Germany
Chief Executive of Deutsche Bank, Mr Josef Ackermann received €9.55 million ($13 million) as total compensation for 2009, the fattest paycheck for 2009 among Germany's blue-chip companies so far. A very large share of Ackermann's paycheck was given in deferred pay and tops the remuneration of Mr Anshu Jain, currently head of global markets at Germany's flagship lender, who earned €7.79 million in 2009, the company said. Mr Jain and fellow co-head of the investment bank Mr Michael Cohrs, who earned €3.22 million in 2009, were forced to unveil their pay for the first time since they joined the bank in 1995.
Source : 16-03-10 DNA Compiled by Amresh Anjan
Citigroup Appoints Mr Keshav Sanghi As India Equities Head
Citigroup has named Mr Keshav Sanghi as head of India equities, just two months after he joined the firm as head of sales and deputy head of equities for its Indian business. Mr Sanghi is going to replace Mr Nikhil Nagle, who is leaving the company at the end of this fiscal to take up his interests in wildlife photography and conservation, a spokesman of Citigroup said.
Source : 15-03-10 DNA Compiled by Amresh Anjan
Disney To Lay Off 450
The Walt Disney Co is planning to close director Mr Robert Zemeckis' Image Movers Digital (IMD) facility in northern California, thereby laying off 450 workers there, or more than 5% of its movie studio division. The company is going to shut down IMD and lay off those workers as it concludes the production on Mars Needs Moms, an animated film. The plan to close IMD comes as Mr Rich Ross, recently named as chairman of Walt Disney Studios, shakes up the company's movie division to focus on films that can be leveraged across other platforms, including toys and video games.
Source : 13-03-10 DNA Compiled by Amresh Anjan
Workers Hit By Downturn Stick To One Employer
Many workers across the globe have lost hopes of advancing in their jobs, but the bad economy is keeping them from finding new ones. According to a biennial survey by the human resources consultancy Towers Watson Co, such workers are increasingly exchanging ambition for job stability, which now even trumps pay as a consideration. People are gradually becoming 'nesters,' who prefer to stay in one career or with one employer for their entire career. "People increasingly want things that are harder to get," said Mr Max Caldwell, a leader of Towers Watson's talent and reward business. "They'd like to settle into one or two companies for life. What people want is security, stability and a long-term employment relationship, (which are) increasingly out of reach."
Source : 18-03-10 The Financial Express Compiled by Amresh Anjan
Apple COO Gets $22 Million Reward
The COO of Apple Inc has been awarded a bonus valued at $22 million for leading the company while chief executive Mr Steve Jobs was on a six-months' medical leave last year. The cash-and-stock award came at Mr Jobs' recommendation, and was made in recognition of Mr Tim Cook's outstanding performance in assuming the day-to-day operations at Apple while Mr Jobs was out, the company said.
Source : 13-03-10 DNA Compiled by Amresh Anjan
Mr Nayak Appointed As Morgan Stanley's New Country Head
Morgan Stanley has named former Axis Bank Chairman Mr P. J. Nayak as its new country head and Chief Executive Officer for India. He is going to join Morgan Stanley on April 5 and will be based in Mumbai, it said. Currently, he is serving as an operating partner at Advent International Private Equity and non-executive Chairman of Motilal Oswal Asset Management Company.
Source : 19-03-10 The Hindu Business Line Compiled by Amresh Anjan
Not Only Females, AI's Male Crew Also Need To Shape Up
From now onwards, the cabin crew of the national carrier Air India would have to undergo an annual medical examination on attaining the age of 35 — a requirement that previously applied only to air hostesses. Cabin crew will also have to go through six-monthly weight checks during their entire career from the time they join the airline. As per the new guidelines, overweight crew will be grounded. Besides that, the cabin crew should be clear complexioned "without any noticeable blemish, odd scars/ birth marks", should have "even and regular teeth, clear speech, no stammering, lisping".
Source : 18-03-10 Hindustan Times Compiled by Amresh Anjan
Finance Companies – Show Stoppers At IIM-K Placements
The finance companies stole the limelight at IIM-Kozhikode (IIM-K) hiring. It was a huge batch at IIM-K this time with 32% more students than the previous year, but all 250 students were placed across 122 firms. The highest offer of Rs 28 lakh per annum came from Mumbai-based investment bank. Firms like Nomura, Goldman Sachs, Deutsche Bank, Bank of America-Merrill Lynch, JP Morgan, Standard Chartered, HSBC, Citi, RBS and American Express participated in final placements. Other than that, banks such as Yes Bank, ICICI Bank, Axis Bank, Indus Valley Partners, IDBI, Futures First, Aranca, Irevna, Bajaj Finance, Icra, IFCI, FINO, SBI Capital etc, came for the placement. Multi-national industrial houses like L&T and Essar also made offers. Consulting firms like Mckinsey & Co, Accenture Business Consulting, KPMG, Deloitte, PricewaterhouseCoopers, Bristlecone, Hewitt, Cognizant Business Consulting, Droege, Gallup Consulting and Directi took part in the placement process this year.
Source : 16-03-10 The Financial Express Compiled by Amresh Anjan
Mr Mahindra Steps Down As Lifespace Chairman
Mahindra Lifespace Developers said that Chairman, Mr Anand Mahindra has resigned from his position. The company has appointed Mr Arun Nanda as non-executive chairman of the company.
Source : 16-03-10 Business Standard Compiled by Amresh Anjan
US Congress Gives Approval For $18 Billion Jobs Stimulus
The US Congress has approved a nearly $18 billion package of incentives to stimulate the struggling US labour market.
Source : 19-03-10 Hindustan Times Compiled by Amresh Anjan
Cisco To Increase Its Headcount In India
Cisco Systems Inc plans to increase its workforce in India faster than anywhere else to meet surging data traffic. The total number of employees in India is projected to rise to 10, 000 from about 6, 000 currently, Chief Executive Officer, Mr John Chambers said.
Source : 13-03-10 Business Standard Compiled by Amresh Anjan
Bosch Withdrew Its Notice Of A Lockout
Bosch Ltd has withdrawn its notice of a lockout at its main plant. Besides that, the management decided to lift the lockout already affected at its Naganathapura plant, located on the outskirts of the city. The decision came after a meeting between the management, the official trade union, Mico Karmikara Sangha (MKS) and the labour commissioner.
Source : 13-03-10 Business Standard Compiled by Amresh Anjan
Job Mobility Index Highest In India, Reveals A Survey
India's mobility index is the highest at 140 in the world, followed by Mexico, China and Turkey, Ma Foi Randstad, the country's largest HR (human resources) services company, has revealed. Interestingly, the study finds highly qualified people exhibiting lesser mobility inclination than others. Most importantly, it notes that the employees in the salary (annual) bracket of Rs. 5-10 lakh are least mobile in India. The job mobility, as per the study, has been hit in the last few months due to the economic slowdown in India and recession overseas.
Source : 12-03-10 The Hindu Business Line Compiled by Amresh Anjan
IT/BPO Topped The Hiring Charts In The Last Quarter
During the last quarter, ninety per cent of the new jobs created were direct recruitments by employers while the rest were done through contracts, a latest government survey said. Most of the increase in employment of direct category workers has been contributed by the IT/BPO sector, the Labour Bureau said in its survey report for October-December quarter. According to the report, during this period, employment rose by 6.38 lakh over the July-September quarter, an apparent reflection of the gradual turnaround of the economy. Employment in the direct category rose by 5.79 lakh out of 6.38 lakh, while employment of contract workers increased by only 0.59 lakh, it said. Direct workers include permanent, temporary and casual workers employed directly by the employer. The Labour Bureau's report, which was compiled by a survey carried out in eight selected sectors of the economy, revealed that the IT/BPO sector created 5.67 out of the 5.79 lakh jobs in direct worker category.
Source : 09-03-10 DNA Compiled by Amresh Anjan
Merrill To Recruit A Team From JPMorgan In India: Report
Bank of America-Merrill Lynch is looking to hire a senior executive and a team from JPMorgan to boost its operations in India. Ms Kaku Nakhate, who was appointed as vice chairwoman of JPMorgan's Indian operations in April 2009, is likely to replace Merrill's India head Mr Kevan Watts. Ms Nakhate, who had earlier worked for Merrill, will be meeting some top executives at Merrill to perhaps discuss the succession plan, as per sources.
Source : 09-03-10 DNA Compiled by Amresh Anjan
Goldman Sachs Sued For Overpaying Executives
Goldman Sachs Group Inc has been sued by a large union pension fund that accused the Wall Street investment bank of overpaying its executives. The International Brotherhood of Electric Workers fund filed the lawsuit in Delaware Chancery Court, looking to recuperate money for the company on behalf of other shareholders. It seeks to prevent Goldman from allocating nearly 47 percent of 2009 net revenue as compensation, saying such allocations "vastly over compensate management and constitute corporate waste." The lawsuit also feels chief executive Mr Lloyd Blankfein and others in management, rather than shareholders, should be held responsible for charitable contributions that Goldman is making as an apology for its activities.
Source : 09-03-10 DNA Compiled by Amresh Anjan
Salaries Received By IIM-A Graduates Rise By 23%
Average salaries for jobs in India being offered to the graduating batch of Indian Institute of Management, Ahmedabad (IIM-A) rose about 23% from last year to an annual Rs 14.94 lakh, reflecting an improving economic environment. The institute said that it has concluded its on-campus placements for the class of 2010. Of the 289 students, 280 accepted job offers, four opted out of the process and five decided to turn entrepreneurs.
Source : 11-03-10 livemint.comCompiled by Amresh Anjan
Job Market Floods IIMs, ISB
Students of Indian Institutes of Management are flying high as the placement season has been a promising one for them. IIM-Bangalore has been successful in placing all its students in five days and saw a 41% increase in slot zero placements. IIM Kozhikode has placed all 300 students within two weeks. The top recruiters in the institute were manufacturing, consulting, and banking. According to sources, around 410 students were offered jobs at Indian School of Business (ISB). The highest salary package offered in the institute was around Rs 90-95 lakh. The largest recruiters were from investment banking and consulting.
Haryana's Per Capita Income To Increase In 2010-11
Haryana is going to see a rise in per capita income in fiscal 2010-11, Finance Minister, Mr Ajay Singh Yadav said. The per capita income of the state is likely to grow by 13 percent to Rs.77, 878 at current prices, he said while presenting the budget for 2010-11 in the assembly. The state has the highest per capita income among states in India - second only to Goa.
Source : 10-03-10 sify.comCompiled by Amresh Anjan
General Motors To Hire 400 Engineers
General Motors India is planning to expand its research and development (R&D) activities in India for which it is looking to hire 400 more engineers, a top company official said. The company wants to recruit more engineers to supervise every process including transmission, engines, hybrids and controls.
Source : 07-03-10 DNA Compiled by Amresh Anjan
ICICI Plans To Hire 4,000 Employees
ICICI Bank is gearing up to start the recruitment process once again after being slow on hiring for almost 18 months. The bank's HR Chief said that plans to recruit 4000 more people by March 2011.The proposed recruitment is going to take its head count to 40,500.
Source : 11-03-10 ibnlive.comCompiled by Amresh Anjan
Dunlop To Revise Wages Of Its Workers
Dunlop India Chairman, Mr Pawan Ruia announced that he would clear the payment arrears of the 436 employees who had taken early retirement at the Sahagunj unit by December. The arrears amounting to around Rs. 12 crore would be cleared by settling the dues of 50 employees every month, he said. He added that the 1,007 employees now employed at the Sahagunj unit would see a 10 per cent wage increase from April as per contractual terms.
Source : 12-03-09 The Hindu Business Line Compiled by Amresh Anjan
GM's Vice Chairman To Get $5 million
General Motors (GM) said that it willl pay Mr Stephen Girsky, recently appointed vice chairman in charge of corporate strategy and business development, around $5 million a year, mainly in stocks. The company said Mr Girsky would receive $500,000 a year in base pay, and the remaining 90% of his annual compensation in the form of equity. Besides that, it has named Mr Patricia Russo, a member of the company's board since July 2009, as lead independent director.
Source : 06-03-10 DNA Compiled by Amresh Anjan
Mr Warren Buffett Gets Pay Rise
Mr Warren Buffett was awarded a total compensation of about $519,490 in 2009 to run Berkshire Hathaway Inc, a 6 percent increase mainly reflecting the higher cost of keeping the world's third-richest person in safe hands. According to Berkshire's proxy filing with the US Securities and Exchange Commission, Mr Buffett's salary was $100,000, as it has been for more than a quarter century. He also received $75,000 in fees for serving as a director of Washington Post Co, a large Berkshire investment. His compensation also included $344,490 of personal and home security services, up 9 percent from $315,709 a year earlier.
Source : 12-03-10 DNA Compiled by Amresh Anjan
No Jobs Back Home For American Jews
Fed up with the tough job scenario, some young American Jews are opting to wait out the recession in Israel, where the government heavily subsidises their stay while they intern, learn Hebrew or volunteer. According to Masa, a group that organises programmes to Israel and is partially funded by the Israeli government, the participation of American Jews is up 50% since the fall of 2008. Today, the group has more than 1,500 Americans working in Israel. "Before the economic crisis, there wasn't that impetus to look beyond the traditional career path," said Mr Goldberg, Masa's director of recruitment. "Now there are less jobs and less internships, so this becomes a great way to add something to your portfolio," he added.
Source : 10-03-10 The Financial Express Compiled by Amresh Anjan
WPC Seeks To Double Its Headcount
Wireless Planning and Coordination (WPC) has asked the Department of Telecommunications (DoT) to almost double its staff to about 1,000. "The government's revenues from spectrum have increased from Rs 25 crore in 1995 to Rs 4,000 crore now. The volume of work has also increased manifold, but the headcount has not increased substantially," a senior WPC official said. WPC is handling the 3G and Wimax spectrum auctions. The total employees at WPC are over 500 all over the country, including the technical people, and should be almost doubled, the official said.
Source : 10-03-10 Business Standard Compiled by Amresh Anjan
XLRI's Gets A Highest Global Offer Of Rs 60 Lakh
This placement season, XLRI Jamshedpur has recorded a 10 per cent rise in the highest international offer to its students. The offer, about Rs 60 lakh a year, is from Novartis. The student, who received this offer, is going be based in Switzerland in the human resource department of the company.
Source : 12-03-09 Business Standard Compiled by Amresh Anjan
High Jobless Rate Drives Youth Migration From Punjab, Haryana
Over 20,000 youngsters from Punjab attempt irregular migration every year. Earlier, irregular migration was limited to a few caste groups but now it has spread to other caste groups also. These are some of the findings of 'Smuggling of Migrants from India to Europe and in particular to the UK: A Study on Punjab & Haryana.' Mr SC Aggarwal, chief secretary Punjab, released the report during a workshop hosted in association with the governments of Punjab and Haryana. The study was conducted by United Nations office on Drugs and Crime (UNODC). The main reason of irregular migration is high unemployment rate prevailing in the region, according to the report. Mr Aggarwal said that the Punjab government has already taken stringent legal steps to check the illegal migration of the youth to foreign countries in search of greener pastures. The government has drafted legislation, Punjab Prevention of Human Smuggling Act 2010 to control this problem. He also said that the government needs to generate more employment avenues for the youth within the country.
Source : 12-03-09 The Financial Express Compiled by Amresh Anjan
BSNL Unions To Stand Against Sale
BSNL's employee unions said that they will launch a nation-wide protest against the board's decision to accept the Sam Pitroda panel report favoring 30 percent divestment and voluntary retirement to nearly one lakh staff. Fifteen unions of BSNL are going to demonstrate to express their resentment across the country on March 15.
Source : 12-03-10 Hindustan Times Compiled by Amresh Anjan
Worried About Exits, Infosys Takes Steps To Soothe Staff
A strong recovery in the economy and increasing job prospects, strangely, seems to have the top management of Infosys worried as hard facts of employee attrition hit home. The company is going out of way to entice employees while setting the pace for pay hikes and promotions. Infosys says its attrition level is 11.6 per cent for Oct-Dec 2009. However, the sources have revealed that the current quarter, whose figures will be disclosed only next month, has been a matter of concern for the company in view of a higher-than-expected departure of employees.
Source : 10-03-10 Hindustan Times Compiled by Amresh Anjan
Mr Forster To Take Charge Of Tata Motors
Mr Carl-Peter Forster could have chosen to become the next vice-chairman of General Motors. At the same time, he also had a competing offer from Mr Ratan Tata to lead Tata Motors, the country's biggest automotive firm. He preferred to choose the latter. Mr Forster's appointment on February 15 as group chief executive officer (CEO) is more than just a badge of honour for Mr Tata. It is a part of his plan to transform Tata Motors into a serious competitor in the global market.
Source : 10-03-10 ibnlive.comCompiled by Amresh Anjan
Dubai's Emirates To Increase Its Headcount In 2010
Dubai government-owned airline Emirates announced its plans to recruit 2,000 more people in 2010 as it expands its fleet and routes. The airline has hired around 660 cabin crew and more than 60 pilots since March 2009. Its total cabin crew stands at 11,000.
Source : 09-03-10 DNA Compiled by Amresh Anjan
CIOL & PCQuest Present 'Spark IT 2010'
IT portal CIOL and the largest read magazine among IT professionals – PCQuest jointly present Spark IT 2010, a developers' conference. International Tech Gurus including the likes from Google, Yahoo and others are going to deliver high value sessions on more than 20 technologies including Java, .NET, Web and Project Management. To know more, contact - 080-43412318 or mail: hemam@cybermedia.co.in. Visit http://bit.ly/SPIT10 for details. Date: 18th and 19th March 2010, Venue: Indian Institute of Science, Bangalore
Source : 12-03-09 naukri.comCompiled by Amresh Anjan
Budget 2010 has given a reason to cheer to the estimated 55 lakh central government employees, offering tax breaks on contributions made by them towards the Central Government Health Scheme (CGHS). The finance minister said that all contributions towards the scheme would come under the existing provision of section 80 D of the Income Tax Act thereby bringing them on par with other health insurance schemes. "Besides, contribution to health insurance schemes which is currently allowed as a deduction under the IT Act, I propose to allow contributions to the CGHS also as a deduction under the same provision," Mr Pranab Mukherjee, Finance Minister, said in his budget speech.
Source: 27-02-10 Hindustan Times Compiled by Amresh Anjan
Infosys Plans To Hike Wages In April
Infosys Technologies plans to increase wages for its staff in April on a rebound in demand for outsourcing services, a spokeswoman said. "Yes, we are considering a wage hike in April. We expect business to be normal in the coming year and as in a normal year, we give hikes every April," the Infosys spokeswoman added.
Source: 02-03-10 ibnlive.comCompiled by Amresh Anjan
IIM-B, IIM-C Buoyant On Job Offers
A sense of anticipation and optimism is in the air at the Indian Institute of Management, Bangalore (IIM-B), where post-graduate programme (PGP) placement started on March 4. The institute's executive management programme (ePGP) has, apparently, completed nearly 70 per cent of its placement, which happens in a rolling process. The batch has 70 participants who got offers for roles like CXOs, VPs, GMs and AGMs for companies in India and abroad. At IIM-Calcutta, although the final placements for 280 students started on March 6, its ongoing lateral placements for 170 students have already seen more than 100 offers. The recruiters who made offers in the B-school include Cognizant Business Consulting, Deloitte, Hinduja Group, Aditya Birla Group, Accenture Business Consulting, Mahindra & Mahindra, Virtusa, Essar and Bristlecone.
Source: 03-03-10 Business Standard Compiled by Amresh Anjan
Tata Consultancy Wins Bid For Britain's New National Pension Scheme
Tata Consultancy Services Ltd said that it has won a bid to administer Britain's new national pension scheme. The duration of the contract, which is awarded by Personal Accounts Delivery Authority for its UK-wide pension scheme called the National Employment Savings Trust, is for 10 years with a possible extension for another five years, the company added. However, financial details of the deal were not revealed.
Source: 02-03-10 DNA Compiled by Amresh Anjan
6.38 Lakh Jobs Were Created In The Third Quarter
The government has revealed that 6.38 lakh jobs were created in the October-December quarter last year, a clear indication of improvement in the job scenario. According to the Labour Bureau under the labour and employment ministry, during this period, employment increased in almost all sectors except the transport sector which saw a marginal decline.
Source: 28-02-10 DNA Compiled by Amresh Anjan
AI Comes Up With A Fresh Proposal To Cut 15-17% Pay Of Most Staffers
After facing stiff resistance from its employees against a sharp pay cut, National Aviation Company of India Ltd (Nacil), which runs Air India, has come out with a new proposal to impose a 15-17 per cent cut on the total salary package. However, the salary cut would not be applicable on employees (about 4,000, according to unions) who have a gross salary of less than Rs 20,000 a month. This move would be the key in ensuring the airline is able to raise Rs 1,870 crore from internal resources, a nine-fold increase of what it has been able to rustle up in 2009-10 (only Rs 202.4 crore).
Source: 04-03-10 Business Standard Compiled by Amresh Anjan
Good News For Pvt Sector Employees
To bring some cheer in the lives of private sector employees, the government on approved raising the ceiling for payment of gratuity to them from Rs3.5 lakh to Rs10 lakh. This decision was made at a cabinet meeting headed by Prime Minister, Mr Manmohan Singh. It is going to bring parity between government and private sector employees in enjoying equal gratuity benefits.
Source: 05-03-10 livemint.comCompiled by Amresh Anjan
Effective Salaries Shrunk In 2009, Reveals Hewitt
According to Hewitt Associates' annual job survey, most white collar workers in India saw their effective salaries shrink by around 4% in 2009 due as salary hikes failed to keep up with record consumer price inflation. The worst performing sector was Information Technology, where an average employee saw a meager increase of 2.9% in his salary. 2010, however seems to be a positive year, both for sentiments and salaries. The survey said that average salaries are likely to increase by around 10.6% while inflation is expected to be around 9.5%, leaving individuals with around 1% net increase in their income.
Source: 04-03-10 DNA Compiled by Amresh Anjan
Shiv Sena's Call Centre Staff Refuses To Turn Up to Work
Shiv Sena's call centre was termed as a step towards giving the party a corporate image. Now, the call centre is facing a problem any corporate setup could. Sources revealed that 18 executives from the call centre refused to report to work and offered to resign alleging they were being harassed and their salaries were being delayed. However, Mr Shailesh Patil, head of the Sena's information technology and media division, said the allegations are false. "Such incidents are part of running a big set-up like a call center," Mr Patil said. "We have 12 computers and do not require 18 people. A few executives were asked to leave and this will not affect work. Call the centre and check for yourself," he added.
Source: 03-03-10 Hindustan Times Compiled by Amresh Anjan
PwC Comes Up With HR Service In India
PricewaterhouseCoopers has announced the launch of its human resources service 'Saratoga' in India along with India Human Capital Effectiveness survey (HCE), a top company official said. "Saratoga is the most extensive database of HR metrics available globally. We are launching it in India and we have already got an immense response from Indian companies," PricewaterhouseCoopers' Partner and Global HRM network leader, Mr Richard Phelps, said. Saratoga is widely recognised by premier multinationals and consultancies as the global market leader in the area of providing Human Capital intelligence advice and information and has more than 1,500 organisations in its client list, he added.
Kraft is planning to cut 150 jobs in Cadbury. The job cut is going to mainly affect the head office in Uxbridge, west London, although some jobs in Bournville, Birmingham, may go too. A company spokesman revealed that the cuts were "as a result of the Kraft acquisition" and Cadbury being delisted from the stock exchange.
The next 20 years are going to be challenging for Saudi Arabia as it looking for ways to keep the growing populations of its cities employed. City planners would have to provide about 100,000 jobs yearly between now and 2030 in Riyadh and Jeddah to meet the increasing size of their populations, studies show. Almost one-third of those job creations would have to be provided in Riyadh. Saudi Arabia, the largest oil producer in the world, is hoping the private sector can grow a more diversified economy. Currently, with oil being the main source of state revenue, Riyadh and Jeddah find it hard to provide jobs for Saudi nationals and the task is becoming all the more difficult as the two cities are also the main attraction for the non-Saudi job-seekers who constitute the majority of the kingdom's labour force, local economists argue.
Unfortunately, the number of educated unemployed in India's most literate state Kerala has been rising, according the 2009 Economic Review. The total number of job seekers in Kerala as in June 2009 stood at 43,56,698. In 2008, the number was 41,44,244. The data provided in the Review revealed that 2,351 medical graduates, 8,604 engineers, 34,651 diploma holders, 627 agricultural graduates, 661 veterinary graduates and 54,708 post graduates are jobless in the state.
Study by the Recruitment and Employment Confederation and KPMG said that more full-time jobs were added last month than at any time since July 2007. However, the study cautioned that the rise in temporary positions in February was the slowest for three months. It also said the plan to cut public sector jobs is likely to impact on the wider economy. The report has been compiled from 400 employment consultancies. Demand for more staff has now grown for five consecutive months, as per the study.
Job losses shrank and the massive US services sector grew sharply in February, private data showed. This suggests a strengthening recovery ahead of a key government labor report. "The February employment decline was the smallest since employment began falling in February of 2008," the ADP National Employment Report said.
Bharti Airtel said it had elevated Mr Sanjay Kapoor as its chief executive for India and South Asia from March 1, a month before the scheduled date. In January, Bharti had said Mr Kapoor, Bharti's deputy chief executive, would take over in April from Mr Manoj Kohli, who would move to head its international business unit.
Source: 02-03-10 DNA Compiled by Amresh Anjan
United Airlines Appoints New VP - Human Resources
AL Corporation, parent company of United Airlines, said that it has appointed Ms Dana Sacks vice president - Human Resources Partners and Talent Acquisition. Most recently, she served as vice president of Human Resources for PepsiAmericas. Before that, Ms Sacks held HR leadership roles at Tellabs, Platinum Technology and Amoco Corporation.
IT portal CIOL and the largest read magazine among IT professionals – PCQuest jointly present Spark IT 2010, a developers' conference. International Tech Gurus including the likes from Google, Yahoo and others are going to deliver high value sessions on more than 20 technologies including Java, .NET, Web and Project Management. To know more, contact - 080-43412318 or mail: hemam@cybermedia.co.in. Visit http://bit.ly/SPIT10 for details. Date: 18th and 19th March 2010, Venue: Indian Institute of Science, Bangalore
Source: 05-03-10 naukri.comCompiled by Amresh Anjan
