HR Headlines: Mar-10 (Part-4)

For more article, Visit at : www.amreshanjan.co.cc   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.com   Compiled 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