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Mind What You Are Wearing At Office! A national survey by staffing firm TeamLease and research firm Synovate has revealed that you are tend to be judged by your dress at your workplace. According to the survey, 89% respondents agreed that dressing has a long-term impact on the overall image of an individual, 75% said that well-dressed people are taken more seriously and 54% said that laggards make up for poor work with better dressing. Other interesting findings of the survey were – nearly half of the respondents feel a standard dress code is strict but necessary; geeks, often believed to be most casual dressers, prefer a dress code; many said that a standard dress code improves productivity, though it is not clear how; most of them said men spend as much time on grooming as woman. The survey also found out that more than 70% respondents felt that dressing style has a direct impact on the sexual harassment faced by women. So, better mind what you wear to office.
Source : 19-05-10 Hindustan Times Compiled by Amresh Anjan
Jobs In US – Gone With The Wind -America's economy is strengthening but millions of jobs lost in the downturn could be gone for good. And unlike in past recessions, jobs in the beleaguered manufacturing sector aren't the only ones expected lost forever. What makes the Great Recession different is the variety of jobs that may not return. That explains why economists think it will take minimum five years for the economy to regain the 8.2 million jobs wiped out by the recession - longer than in any other recovery since World War II. It indicates that even as the economy strengthens, more Americans could face years out of work. As it is, the percentage of the labor force unemployed for six months or longer is 4.3%. This is the highest rate on records dating to 1948.
Biotech Firms Face Talent Crunch Biotech firms from Bangalore and Hyderabad are regretting recruiting close to 3,000 new employees in 2009 as 80% of them are not employable. They are still in the training process and are getting a stipend of Rs 10,000. Most of those hired were freshers. The result is that it is unable to attract the best talent with the kind of mediocre salaries being offered at the entry level and consequently it is not able to maintain high quality research standards as required. At senior levels, Indian biotech firms have managed to attract good talent from the US, weaning back some of the best brains that left the shores many years ago. But even at that level, there are only a few firms that can offer attractive perks.
Source : 19-05-10 The Financial Express Compiled by Amresh Anjan
BA To Take Legal Action To Prevent Strikes - British Airways is going to take legal action to try to stop strikes by its cabin crew. The strikes are part of a long-running disagreement over pay and conditions that comes from BA's plans to save money to counter falling demand, volatile fuel prices and greater competition.
Source : 15-05-10 DNA Compiled by Amresh Anjan
CAG To Add 3,000 To Its Headcount Annually- CAG, the country's top auditor, said it plans to hire 2,000-3,000 semi-skilled people every year to manage the increasing work pressure. "We are planning to take on board 2,000-3,000 people every year. We may also take up more people going forward," Comptroller and Auditor General Mr Vinod Rai said. "Our manpower sanction limit is 63,000, but currently we have on rolls only 47,000," he added.
Source : 19-05-10 The Indian Express Compiled by Amresh Anjan
BoR Staff Stage Protests Against Merger With ICICI - Alarmed at its merger with ICICI, the employees of Bank of Rajasthan (BoR) launched an agitation to protest against it. ICICI Bank said that it had entered into an agreement with "certain" shareholders of BoR to merge the Jaipur-based lender with itself. Unlike the new private sector lenders, BoR employees' salaries are still decided by the industry salary package negotiated by the Indian Banks Association with bank staff unions. The protection of pension and service conditions are critical concerns and employees staged a protest through the country, said Mr Vishwas Utagi, secretary, All India Bank Employees Association. Employees of BoR are likely to benefit on pay, since the new private sector lenders are known to be better paymasters than the public sector and old private sector lenders. But, this comes along with an expectation of higher productivity.
Source : 20-05-10 Business Standard Compiled by Amresh Anjan
Pfizer To Slash 6, 000 Jobs Drugmaker Pfizer Inc is going to cut 6,000 jobs, or 18 percent of the staff, at its 78 manufacturing plants over the next five years, as it cuts back operations following last year's purchase of rival Wyeth. The drugmaker plans to close down operations at eight plants in Ireland, Puerto Rico and the United States by late 2015 and reduce activities at six factories in those countries, plus Germany and Britain.
Source : 18-05-10 Business Standard Compiled by Amresh Anjan
PepsiCo India To Recruit 500 This Year PepsiCo announced that it will hire 500 people in India this year to meet its manpower requirement for maintaining its annual growth rate of over 30 percent in 2010. "We would need to keep on adding top talent to our already fantastic team," said Mr Pavan Bhatia, executive director (human resources), PepsiCo India.
Source : 19-05-10 Hindustan Times Compiled by Amresh Anjan
Philips To Add 200 More To Its R&D Staff - Philips Innovation Campus, Bangalore (PIC), said it will hire 200 more employees mainly for the research and development (R&D) team focused on Philips' healthcare business. With 1, 400 employees at present, the campus is responsible for Philips' innovation both for India and for selective global programmes and projects.
Source : 20-05-10 Deccan Herald Compiled by Amresh Anjan
Downturn Creates New Entrepreneurs The global economic slowdown has helped in creating many more self-entrepreneurs, with one in every six people describing oneself as 'self-employed', a world survey by Kelly Services, a workforce solutions company, revealed. The survey, which received views of approximately 1,30,000 people, including 4,000 in India, said that more than a third of the respondents expressed a desire to work more on their own. It revealed that 18 per cent those who responded are currently self¬-employed. This category is comprises of 26 per by those in the 48-65 years group, another 20 per cent by those between 18-29 years and 14 per cent of those between 30 and 47 years. So, from a generational perspective, there is a pattern of younger workers being more passionate than their older counterparts about embarking on a more entrepreneurial work arrangement.
Source : 15-05-10 Business Standard Compiled by Amresh Anjan
AI Unions To Strike On 31 May - Major Unions attached to Air India (AI) said that they will go on a strike on May 31, to protest delayed payment of wages. The salary, wages, allowances and emoluments due and payable to the workmen on or before May 30 are ordered to be paid on June 7.
Source : 20-05-10 The Financial Express Compiled by Amresh Anjan
Two New Exec Directors Appointed By Sebi- The Securities and Exchanges Board of India (Sebi) announced the appointment of Ms Pradnya Saravade and Mr Ananta Barua as executive directors. Ms Saravade, who has been on deputation with the Sebi since July, 2008, and has been handling the Investigations Department, will continue to head the department, it said. On the other hand, Mr Barua is an advisor in the Legal Affairs Department of Sebi, the market regulator said, adding that he has been working in the LAD since 1992 and has assisted the board in framing of regulations.
Source : 20-05-10 Business Standard Compiled by Amresh Anjan
Hitachi Appoints A New Director- Hitachi Data Systems Corporation, a wholly owned subsidiary of Hitachi, appointed Mr Srikant Chakrapani as director, channels and strategic alliances for India.
Source : 17-05-10 The Financial Express Compiled by Amresh Anjan
Ms Roshini Bakshi Named As Walt Disney's VP - Ms Roshini Bakshi has been elevated to the position of Vice-President, consumer products, publishing and retail, The Walt Disney Company India. She is going to oversee all of Disney's retail interests and continue to be responsible for creating and executing strategy for both the consumer products and publishing businesses, in addition to retail.
Source : 17-05-10 The Financial Express Compiled by Amresh Anjan
Mr. Muralidharan Appointed As Bahwan COO- Mr VM Muralidharan has been appointed by Bahwan CyberTek as COO of Global Business. He will be steering the business of BCT globally and overseeing the sales and marketing strategies.
Source : 17-05-10 The Financial Express Compiled by Amresh Anjan
INS Gets Mr Chakor Doshi On Board- Mr Chakor Doshi, chairman of Walchandnagar Industries, is set to be a part the board of trustees of Indian Nuclear Society (INS). The INS board comprises renowned personalities like Mr Anil Kakodkar, former chairman of Atomic Energy Commission, Mr S Banerjee, chairman Atomic Energy Commission & secretary, department of atomic energy and Mr VK Iya, former group director, Bhabha Atomic.
Source : 17-05-10 The Financial Express Compiled by Amresh Anjan
NTPC Names New Director – Mr. DK Jain has been named as Director (Technical), NTPC. Before this, he was heading the Engineering Division of NTPC as Executive Director.
Source : 16-05-10 Hindustan Times Compiled by Amresh Anjan
Mr Arvind Vasudeva Is Glenmark's COO- Glenmark Pharma announced that it has named Mr Arvind Vasudeva as the COO of the company. "Mr Vasudeva will be based at the company's corporate headquarters in Mumbai and will report to CEO and Managing Director Mr Glenn Saldanha," the company said in a release. He would be responsible for looking after the entire branded generics business of Glenmark.
Source : 19-05-10 The Financial Express Compiled by Amresh Anjan
Mr. Nikos Kordassis Re-designated As Jet CEO- Domestic private airline, Jet Airways announced that it had re-designated Mr Nikos Kordassis as its Chief Executive Officer. He has been re-designated with immediate effect, the airline added.
Cable&Wireless Gets A New Director- Cable&Wireless Worldwide has appointed Ms Geetika Saigal as director for Enterprise Sales in India. Prior to this, Ms. Saigal had held senior positions at British Telecom and the Tata Group, according to a company release.
Source : 19-05-10 The Hindu Business Line Compiled by Amresh Anjan
Mr Venu Srinivasan Steps Down From Wabco–TVS board- Mr Venu Srinivasan has quit as Chairman and Member of the Board of Wabco-TVS from May 19. Mr. Venu Srinivasan has been heading the airbrakes business since 1979.
Source : 20-05-10 The Hindu Business Line Compiled by Amresh Anjan
Bharti Retail Gets A New COO -Bharti Retail, a part of Bharti Enterprises, has appointed Mr Andrew Levermore as its Chief Operating Officer. He will join Bharti Retail in July this year and lead the operations for Easyday and Easyday Market stores across the country, a release said. Before this, he served as director (stores) of the South African operations of global retail giant Woolworths.
Source : 15-05-10 Business Standard Compiled by Amresh Anjan
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