HR Headlines: Mar-10 (Part-3)

For more article, Visit at : www.amreshanjan.co.cc   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.com   Compiled 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. Source : 10-03-10   moneycontrol.com   Compiled by Amresh Anjan 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.com   Compiled 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.com   Compiled 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.com   Compiled 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.com   Compiled by Amresh Anjan