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Management Schools Outsource Placements To HR Consultants
These days, a large number of B-schools in the country are outsourcing the process of student placements to human resource (HR) firms. Several B-schools revealed they had hired HR consultancies to find jobs for their students. Take the case of Enrich Management Academy (EMA), a Bangalore-based B-school, which will offer a two-year post graduate progamme in management from this academic year. The institute is launching operations in Bangalore, Pune and Mumbai. It is mentored by Mr N S Ramaswamy, founder-director of Indian Institute of Management Bangalore (IIM-B). EMA plans to have an intake of 60 students in each location. The institute has tied up with TROI Management Consultants — a company engaged in recruitment, training and staffing services. According to Officials from EMA, the management consultant company would work with students from the day they get enrolled into the institute. HR firms not only help the students design their resumes but also groom them and provide them with jobs. These firms charge between Rs 20,000 and Rs 60,000 per student, the head of one of the top 10 recruiting firms in the country said.
Source : 10-06-10 Business Standard Compiled by Amresh Anjan
Strike Ends, Work Resumes At Hyundai's Plant
Work at Hyundai's India plant is back in action as the three-day strike ended after an agreement between the car maker and striking workers, a spokesman for the local unit revealed. As part of the settlement, Hyundai's India unit agreed to review the dismissal of 35 of 67 sacked workers, spokesman Mr Rajiv Mitra said. A committee with representatives from Hyundai, the government and the workers' union has been formed to consider the reinstatement, he added.
Source : 09-06-10 Reuters Compiled by Amresh Anjan
Job Flood Hits India
If you are just out of college and looking for a job, there is some good news for you. According to Manpower, Global HR firm, among the 36 countries surveyed, Indian employers are still the most confident. Managing Director, Manpower India Mr Sanjay Pandit said, ''Almost all the sectors have recovered and job hiring is on all time high.'' The survey though says that recruiters in the North and East India are still not in the hiring mode. But down south in Chennai, Bangalore and Hyderabad, the scenario is quite different. The survey says that hiring in India could touch 42 per cent, which was the figure before the slowdown happened. As per the survey, the era of job losses is over and companies will now try hard to retain workers.
Source : 09-06-10 IBNLive.in Compiled by Amresh Anjan
Singtel's CEO For International Ops To Step Down
Singapore Telecommunications said that its CEO for international operations Mr Lim Chuan Poh, one of the firm's top executives, will retire at the end of this year. Mr Lim joined SingTel in 1998 and was appointed CEO International in 2006. The company did not give a reason for his early retirement.
Indian Bank, one of the public sector banks of India, is planning to hire more than 700 clerks. The bank has made announcement for the current jobs in the time just after the major economic recession all over the world.
Mr Chetan Dave Named As President & CEO Of IDFC's Real Estate Investments
IDFC has named Mr Chetan Dave as President & CEO of Real Estate Investments with immediate effect. In this new role, Mr Dave will be responsible for building and developing a portfolio of infrastructure-focused real estate assets and real estate private equity funds management business. He will also serve on IDFC's Management Committee. Before this, he was the founding Managing Director & CEO of Sun Apollo Real Estate Advisors.
Source : 10-06-10 Constructionweekonline.in Compiled by Amresh Anjan
Amul Chief Executive Resigns
There's a wave of insecurity at Gujarat Co-operative Milk Marketing Federation (GCMMF), famous for its Amul brand, with Managing Director Mr B M Vyas putting in his papers. His term was to end this October but Vyas resigned on June 8. While there is a buzz that Mr R S Sodhi, Chief General Manager, may get the job, sources close to the development say Mr Vyas himself may get an extension from the board of directors, considering the success he had achieved in the past five years. Asked if he would continue if his term was extended by the board, he declined to answer.
Source : 11-06-10 Business Standard Compiled by Amresh Anjan
Air India To Take Strict Action Against Employees Resorting To Frequent Strikes
Angry with the militancy of the 31,000-strong Air India staff union, the government is firming up an action plan to control the state-owned carrier's employees who resort to frequent strikes to press their demands. The Union Cabinet has asked civil aviation minister Mr Praful Patel to come up with a strategy in this regard. The official sources revealed that the idea is to empower the Air India management to handle recalcitrant staff with an iron hand.
Source : 09-06-10 The Financial Express Compiled by Amresh Anjan
Ministry Looks To Attract Young Talent In Legal Services
Worried by the fact that promising, fresh law graduates are more interested to join high-paying private law firms than work for the government, the Union law and justice ministry is giving final touches to an ambitious plan to entice such law graduates. To start with, the law minister is expected to announce a scheme to permit law graduates to enter the government after clearing a civil services-type national-level examination and joining the Indian Legal Service (ILS). To be designed after the existing national civil services such as the Indian Administrative Service (IAS), Indian Police Service (IPS), Indian Foreign Service (IFS), etc, the ILS exam would be conducted every year by the Union Public Service Commission. "The law ministry has already finalised the framework for the ILS. The UPSC will hold a written exam, followed by viva voce on the same pattern as the civil services examination. Our aim is to have at least 60 ILS officers every year," said a law ministry functionary. After being selected, ILS officers would be appointed law officers in the government of India as well as state governments, which opt for the service.
Source : 11-06-10 The Financial Express Compiled by Amresh Anjan
Infosys To Increase Staff Strength By July
Infosys will add 30,000 employees to muster up its already existing 1,15,000-staff strength by next month. "The hiring target of 30,000 is nearly complete. We've started sending letters this month," CEO Mr Kris Gopalakrishnan said at the sidelines of a CII meeting. Return of growth has whipped up a battle for mid-level talent among IT majors, he added.
Source : 11-06-10 The Financial Express Compiled by Amresh Anjan
Bonuses Back For ICICI's Top Bracket
The largest private sector lender of the country, ICICI Bank has restored performance bonuses and stock options for its top brass for the year ended March 31. In 2008-09, the bank's top executives had decided to give up their bonus payouts and stock options.
Source : 09-06-10 Business Standard Compiled by Amresh Anjan
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