HR Headlines: Jul-10 (Part-2)

For more article, Visit at : www.amreshanjan.co.cc     Indian Workforce Is Most Mobile In The World According to a study by Ma Foi Randstad, the country's largest HR (human resources) services company, Indian workforce continues to remain the most mobile in the world. The company has just released the second part of Ma Foi Randstad Work Monitor, which is a quarterly review of 'mental mobility' status of employees. It studies the readiness of the employees to change jobs. The 'Work Monitor' survey covers 25 countries across Europe, Asia Pacific and the Americas. The state of mind of workers in these countries is studied and presented in the form of an index, which shows the extent to which employees in a country are thinking of changing their jobs in a short-term as compared to those in other countries. As per the study, the Indian workforce continues to remain the most mobile in the world with an uptrend as compared to the first quarter (147 in the second quarter and 140 in the first quarter). It finds India to be a place where the maximum employee movement is happening. India is followed by China and Mexico. Source : 26-06-10   The Hindu   Compiled by Amresh Anjan Govt Introduces Biometric IDs To Block Leaks In Rural Job Scheme To stop misuse and leakages from its flagship rural employment programme, India is planning to introduce biometric-aided identity checks that can be verified remotely. This move has come at a time when the Mahatma Gandhi National Rural Employment Guarantee Scheme has been criticized for leakages. It is the government's largest social sector spending programme with allocation for this financial year pegged at Rs 40,100 crore. The proposal aims at rolling out a GPS (global positioning system)-enabled plan of biometric attendance for the job-guarantee scheme workers within one year once accepted, according to a ministry official. Source : 28-06-10   livemint.com   Compiled by Amresh Anjan Increase In Number Of Job Seekers Adds To Punjab's Unemployment Woes Unemployment in Punjab has increased tremendously, and now government statistics indicate this too. From April 1, 2009 to March 31, 2010, the department of employment generation and training of the state added 67, 587 job seekers on its 'live registers' at employment exchanges. The department managed to place only 3,855 aspirants, despite the fact that it had notified around 14, 800 vacancies in both the public and private sector. The total number of job seekers registered with the employment exchange stood at 4.80 lakh as on March 31, 2010. The department of employment generation will conduct a survey under the supervision of district administration at district level to know the exact magnitude of unemployment in the state, according to sources. The survey will collect information on educational qualification and economic status of male and female unemployed persons in the age group of 16-40 years. The purpose of the survey is to help the government to form policies for tackling unemployment in the state. Source : 30-06-10   The Financial Express   Compiled by Amresh Anjan Infosys Celebrates Its 30th Birthday By Rewarding Staff With Shares To mark the 30th year of its operations beginning July 2, Infosys Technologies announced that it will reward its employees with equity shares. "All employees on the rolls will be eligible for a minimum of five equity shares with an incremental allocation of one share for each year of service," the company said. The company will allot shares in the second week of August. Source : 30-06-10   ibnlive.in.com   Compiled by Amresh Anjan UK Becomes A Distant Dream For Indian Skilled Workers The new British government introduced a controversial cap on migrants from outside the European Union region - a move that will hit Indian skilled workers the hardest. However, visiting Commerce Minister, Mr Anand Sharma said he has been assured Indian interests will not be harmed. Mr Sharma said he raised this issue with Foreign Secretary, Mr William Hague - just as Home Secretary Ms Teresa May was announcing the cap that fulfils an election pledge. The minister, who is leading an Indian business delegation, told Mr Hague the cap must not be allowed to stop the movement of Indian professionals and business people, as many Indian businesses use Britain as a hub for Europe. The immigration cap is controversial because it is opposed by British businesses. According to them, a decline in the numbers of foreign skilled workers will affect economic growth as Britain struggles to recover from its longest and deepest recession in more than 50 years. Source : 29-06-10   Hindustan Times   Compiled by Amresh Anjan French Youth Rebel Against Higher Retirement Age Students in France who haven't even entered the job market yet are already worried about what happens when they retire from it. In France, workers' rights are so deeply entwined into the culture that even teenagers are unsettled about plans to raise the retirement age from 60 to 62, which is still among the lowest in Europe. The reform protest brought nearly a million people out into the streets across the country last week on Thursday. Youth fear that they will lose the most from President Mr Nicolas Sarkozy's pension reforms, which aim to cut France's increasing deficit and make the money-losing pension system break even starting 2018. Source : 28-06-10   Hindustan Times   Compiled by Amresh Anjan US Jobless Claims Rise New claims for state unemployment aid unexpectedly increased last week, heightening fears the US economic recovery is stalling. According to the Labor Department, initial claims for state unemployment benefits increased 13,000 to a seasonally adjusted 472,000. Analysts polled by Reuters had expected claims to fall to 452,000 from the previously reported 457,000, which was revised slightly up to 459,000 in Thursday's report. Source : 01-07-10   moneycontrol.com   Compiled by Amresh Anjan Mr BK Birla's Daughter To Be Named As Vice-Chairman In Kesoram Mr BK Birla, who is 90 and the chairman, announced that his daughter, Ms Manjushree Khaitan, will manage Kesoram, but under his grandson, Mr Kumar Mangalam Birla. "Manjushree will look after the company and will be in constant touch with Mr Kumar Mangalam. I would want Kumar Mangalam to be the chairman of the company; Manjushree can be the vice-chairman," said Mr Birla. Source : 02-07-10   Business Standard   Compiled by Amresh Anjan Morgan Stanley Plans To Hire Bankers Morgan Stanley recruited 100 bankers to offer more products such as jumbo mortgages and structured loans to structured loans to Morgan Stanley Smith Barney clients and may quintuple their numbers by the end of 2011, a source said. The firm is building a private bank to squeeze more revenue from clients and encourage them to hold deposits at the company. Morgan Stanley's wealth management group had $191 million of interest income in the first quarter, a fraction of the $1.1 billion at Bank of America's Merrill Lynch unit. Merrill Lynch has been successful in offering mortgage products to their retail customers. Source : 02-07-10   Business Standard   Compiled by Amresh Anjan RCF Names New Chief Mr J Kohareswaran has been appointed as the new chairman and managing director of Rashtriya Chemicals and Fertilizers, with effect from July 1. Mr Kohareswaran has worked in different capacities in the finance section in both divisions of the company and also in the audit department. Source : 02-07-10   The Financial Express   Compiled by Amresh Anjan RK Swamy Appoints Mr Ghosh As Director Mr Partha Ghosh has been named as the director of business development, the media division of RK Swamy BBDO. He will report to Mr Les Margulis, president Media Direction. Prior to this, he was general manager of GroupM Motivator. Source : 02-07-10   The Financial Express   Compiled by Amresh Anjan RED FM Gets Two New Heads Red FM has named Mr Krishnan Menon as national activation head, Mumbai, and Anand Raj as station head, New Delhi. He brings with him an experience in sales & business management of about 11 years, whereas Raj was earlier involved with the national promotions and client solutions portfolio for Red FM in Mumbai for the past two and a half years. Source : 02-07-10   The Financial Express   Compiled by Amresh Anjan Bahwan Cybertek Announces The Appointment Of A New Director Mr Mohanbir Sawhney has been appointed as a Director in Bahwan Cybertek (BCT). Till now, Mr. Sawhney was a consultant to BCT and after seeing the growth, exclusivity and commitment of the top management team, he agreed to come on board as director, Strategy, Marketing and Innovation. The company plans to increase the number of employees by taking an additional 200 professionals to augment resources for its clients in the U.S and Middle East. Source : 29-06-10   The Hindu   Compiled by Amresh Anjan Spicejet CEO Mr Sanjay Aggarwal Steps Down Spicejet Ltd 's chief executive officer, Mr Sanjay Aggarwal has resigned within a month of Sun TV founder Mr Kalanithi Maran's acquisition of a huge stake in the aviation firm. Sun TV's Mr Maran and his unlisted aviation firm Kal Airways have decided to buy 37.7% in the carrier and have also made an open offer for an additional 20%. Source : 01-07-10   DNA   Compiled by Amresh Anjan Netxcell Hires New Senior V-P Netxcell, engaged in providing telecom application services, has announced the appointment of Mr Sarvesh Asthana as senior vice-president – technology. He will bring a new focus to Nextcell's VAS & Enterprise solutions. Source : 02-07-10   The Financial Express   Compiled by Amresh Anjan ACC Managing Director Resigns Cement maker, ACC's managing director Mr Sumit Banerjee stepped down from the company. He is expected to join Anil Ambani Group to spearhead the latter's cement business. Source : 01-07-10   The Financial Express   Compiled by Amresh Anjan ESPN Start Sports India MD Quits ESPN Start Sports India said that the company's managing director, Mr RC Venkateish has decided to part ways with the company. Chief operating officer, Mr Vijay Raput, will act as general manager ESI in the interim period till Mr Venkateish successor is appointed. Source : 30-06-10   Business Standard   Compiled by Amresh Anjan NASSCOM HR Summit 2010 NASSCOM is holding a two-day HR Summit on 28th and 29th of July, 2010. The summit is themed around Time to Reinvent where the HR heads, CXOs, Academicians and Motivational Speakers will talk about ways to: • Balance employee's aspirations and align them with company's objectives • The key issues faced today in the on-going war for talent • Acquiring the USP to be the employer of choice • Planning succession strategies to ensure an on-going leadership development pipeline • Discovering retention plans to keep talent • Leveraging company's development and training plan as a tool to build employee loyalty • Educating managers in effective talent management • Sharing experience with your peers and networking with experienced and successful practitioners The event will take place at Hotel Le Meridien, Chennai. Source : 02-07-10   naukri.com   Compiled by Amresh Anjan