HR Articles: HR Headlines: May-10 (Part-5)

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Naukri Job Speak Brings Good News For Jobseekers The Naukri Job Speak Index for Apr-10 at 1019 is the highest ever and has surpassed the pre-downturn levels indicating a much improved hiring environment. Hiring activity for the top industrial sectors has been forging ahead strongly indicating a rebound in the job market. The first quarter of 2010 has been very optimistic as the job index has been consistently moving in a positive direction with the Feb index moving up by 17% bringing back the much desired positive swing in the job market. A year on year comparison of the job index shows all industry sectors, cities and functional areas moving in a positive direction.

Source : 12-05-10 naukri.com Compiled by Amresh Anjan

Huawei Staff Is Trying To Be Desi! Chinese expatriates working in India for Huawei Technologies are taking on local names and dress in a charm offensive aimed at easing deep-seated qualms of their company in New Delhi. An official of the company, Vice-President Mr Weimin Yao, has adopted "Rajeev" as his Indian name while a colleague, Mr Li Jian, calls himself "Amit" Li when he is at the Indian group's headquarters in Gurgaon, New Delhi. The company's bid to build a local image in India comes as Delhi is taking a harder line on imports of Chinese telecoms equipment, with security agencies this year blocking orders of gear from China amid fears this could be embedded with spying devices. To protect its expanding market share in India, Huawei has gradually sought to localise, setting up a research and development centre in Bangalore, India's Silicon Valley, and pledging to invest $500m over the next five years in manufacturing and operations.

Source : 11-05-10 ft.com Compiled by Amresh Anjan

Citigroup Director To Get A Whopping $350,000 For 3 Weeks Work Citigroup Inc is going to pay its board member Mr Robert Joss up to $350,000 this year for three weeks of consulting work, according to a filing with the US Securities and Exchange Commission. Citigroup vice chairman Mr Lewis Kaden said that Joss already was paid $100,000 for consulting services performed from August through December of last year, according to the May 7 filing.

Source : 11-05-10 DNA Compiled by Amresh Anjan

Why Are Ghost Employees Being Paid, HC Asks MCD The Delhi High Court slammed the Municipal Corporation of Delhi (MCD) for its affidavit on the 'ghost employees' scam and wanted to know why the missing 22,853 employees were being paid. The court said that the civic body's document concealed more than it disclosed, while criticizing the affidavit that put the blame on the agency's sanitation department and substitute employees. Disbursement of the money meant that Rs 11 crore was being given every month to 'nobody', the court noted.

Source : 13-05-10 indianexpress.com Compiled by Amresh Anjan

Unemployment In UK Increases To 2.51 Million The number of unemployed people in the UK increased by 53,000 to 2.51 million during the three months to March, official figures have revealed. The current unemployment total is at its highest level since December 1994. However, the total number of people claiming unemployment benefit declined in April by 27,100 to 1.52 million - a sharper fall than expected.

Source : 12-05-10 news.bbc.co.uk Compiled by Amresh Anjan

Job Opportunities For Senior Managers Increase According to experts, the recovery in the job market has set the ball rolling for top executives to look for lucrative job opportunities with one in every 10 C-level executives switching jobs since the recovery. "We are definitely seeing increased C-level executive turnover," recruitment firm Korn/Ferry International's office MD Mr Deepak Gupta said. Executive search firm GlobalHunt Director, Mr Sunil Goel said, "Post-slowdown, we have witnessed every 10th C-level executive has changed jobs… they are looking for challenging assignments."

Source : 10-05-10 The Financial Express Compiled by Amresh Anjan

RBS Axed 2, 600 Jobs Royal Bank of Scotland announced that it is axing 2, 600 more jobs, or 14 percent of its staff in its British insurance arm and retail banking headquarters. The bank has been cutting staff since it was bailed out by the govt.

Source : 11-05-10 Indian Express Compiled by Amresh Anjan

Fate Of Air India's COO Is Still Uncertain Air India has named a new operations head, but his terms are not yet set, which has put a big if on his appointment. A month after the formal announcement that he would be the first Chief Operating Officer (COO) of Air India, Mr Gustav Baldauf has arrived in India to negotiate his compensation package and other details with the airline. Both sides are likely to bargain hard with Mr Baldauf enjoying the right to turn down the offer if it doesn't suit him. Prior to this, Mr Baldauf was with Australian Airlines as its executive vice-president (flight operations) and has also served AI's national rival Jet Airways as its vice-president (flight operations).

Source : 10-05-10 Hindustan Times Compiled by Amresh Anjan

Jobless Claims In US Drop Again Jobless Claims in US dropped for a fourth straight week, a sign that employers are retaining more workers as the economy expands. Initial jobless claims declined by 4, 000 to 4, 44, 000 in the week ended May 8, higher than median forecasts of economists surveyed.

Source : 13-05-10 Business Standard Compiled by Amresh Anjan

Chairman, CEO Roles At Goldman Sachs Likely To Split The California Public Employees Retirement System, Calpers -the largest U.S. public pension fund, has voted to split the roles of chairman and chief executive officer presently held by Mr Lloyd Blankfein at Goldman Sachs Group Inc. Calpers voted for a shareholder proposal that would require the company to divide the positions the next time it names a CEO, the fund announced. Goldman's board collectively opposed dividing the roles, arguing that the current structure provides clarity and efficiency. Calpers said it voted 1.81 million Goldman shares. Mr Blankfein, who has led the company for almost four years, is going to face shareholders at the annual meeting in New York, three weeks after the firm was sued for fraud by the U.S. Securities and Exchange Commission. The SEC claims that Goldman misled clients who purchased mortgage-backed securities. Goldman contests the claims and said it will help investigators.

Source : 08-05-10 Business Standard Compiled by Amresh Anjan

Patni Names Senior VP IT Firm, Patni Computer Systems announced the appointment of Mr Frank Khoshnoud as Senior Vice-President and Head of manufacturing, retail and distribution business. He would be responsible for expanding and fortifying Patni's business for the MRD vertical, the firm said.

Source : 13-05-10 Business Standard Compiled by Amresh Anjan

BA Crew To Strike Cabin crew at British Airways (BA) PLC announced plans to go on a strike for a total of 20 days in May and June. The airline warned that the unprecedented scale of the walkouts over a 23-day period would cause "extensive disruption for potentially hundreds of thousands of customers over a busy period."

Source : 11-05-10 ibnlive.com Compiled by Amresh Anjan

Bahwan CyberTek Gets New COO Mr VM Muralidharan has been appointed as Bahwan CyberTek (BCT)'s Chief Operating Officer. He will be steering the BCT business globally and spearheading the sales and marketing strategies, according to a release.

Source : 12-05-10 The Hindu Compiled by Amresh Anjan

Mr Itagi Appointed As Director Of Hitachi Data Hitachi Data Systems Corp, a wholly owned unit of Hitachi, has named Mr Rajesh Itagi as director of services sales for India. He will be accountable for driving revenues and supporting the field sales teams and positions the company's board spectrum of professional services offerings.