| Budget 2010 Brings Some Cheer To Govt Employees |
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| 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. |
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| Source: 27-02-10 Hindustan Times Compiled by Amresh Anjan |
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| Infosys Plans To Hike Wages In April |
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| 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. |
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| Source: 02-03-10 ibnlive.com Compiled by Amresh Anjan |
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| IIM-B, IIM-C Buoyant On Job Offers |
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| 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. |
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| Source: 03-03-10 Business Standard Compiled by Amresh Anjan |
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| Tata Consultancy Wins Bid For Britain's New National Pension Scheme |
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| 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. |
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| Source: 02-03-10 DNA Compiled by Amresh Anjan |
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| 6.38 Lakh Jobs Were Created In The Third Quarter |
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| 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. |
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| Source: 28-02-10 DNA Compiled by Amresh Anjan |
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| AI Comes Up With A Fresh Proposal To Cut 15-17% Pay Of Most Staffers |
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| 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). |
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| Source: 04-03-10 Business Standard Compiled by Amresh Anjan |
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| Good News For Pvt Sector Employees |
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| 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. |
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| Source: 05-03-10 livemint.com Compiled by Amresh Anjan |
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| Effective Salaries Shrunk In 2009, Reveals Hewitt |
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| 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. |
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| Source: 04-03-10 DNA Compiled by Amresh Anjan |
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| Shiv Sena's Call Centre Staff Refuses To Turn Up to Work |
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| 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. |
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| Source: 03-03-10 Hindustan Times Compiled by Amresh Anjan |
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| PwC Comes Up With HR Service In India |
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| 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. |
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| Source: 05-03-10 indinaexpress.com Compiled by Amresh Anjan |
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| Kraft Plans Up To Slash 150 Cadbury Jobs |
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| 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. |
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| Source: 04-03-10 news.bbc.co.uk Compiled by Amresh Anjan |
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| Saudi Arabia Needs To Create More Jobs |
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| 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. |
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| Source: 01-03-10 thenational.ae Compiled by Amresh Anjan |
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| Number Of Educated Unemployed Rises In Kerala |
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| 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. |
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| Source: 04-03-10 sindhtoday.net Compiled by Amresh Anjan |
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| Job Market In Britain On 'Road To Recovery' |
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| 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. |
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| Source: 03-03-10 news.bbc.co.uk Compiled by Amresh Anjan |
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| Job Losses In US Shrink |
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| 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. |
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| Source: 04-03-10 www.google.com/hostednews Compiled by Amresh Anjan |
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| Mr Sanjay Kapoor Is Now Bharti CEO |
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| 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. |
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| Source: 02-03-10 DNA Compiled by Amresh Anjan |
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| United Airlines Appoints New VP - Human Resources |
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| 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. |
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| Source: 04-03-10 marketwatch.com Compiled by Amresh Anjan |
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| CIOL & PC Quest Jointly Present 'Spark IT 2010' |
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| 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 |
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| Source: 05-03-10 naukri.com Compiled by Amresh Anjan |
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