Obese Employees Take More Time Off Work Obese employees take more illness leaves than their slimmer colleagues, a new UK study has revealed. The results of the study showed that obese workers took four more sick days per year on average than those of a healthy weight. Since obesity is known to increase the risk of many chronic diseases, including cardiovascular disease and type 2 diabetes, it is perhaps not surprising that fat individuals would need more sick leave, especially in the form of long-term absences. The researchers have hoped that the results may inspire employers to encourage their employees to lose weight.
Source : 09-08-10 DNA Compiled by Amresh Anjan
Mr Ratan Tata Acknowledged As 'Businessman Of The Decade' Mr Ratan Tata, "personification of honesty, integrity and inspiring leadership" as described by Maharashtra Governor Mr K Sankaranarayanan, was conferred with the Businessman of the Decade Award. After presenting the award on behalf of the Federation of Indo-Israeli Chambers of Commerce in Mumbai, Mr Sankaranarayanan praised Mr Tata for putting the nation first and upholding ethics and trusteeship in businesses.
Source : 07-08-10 ibnlive.in.com Compiled by Amresh Anjan
8 Out of 10 Freshly Recruited In UK Were Born Out Of The Country According to the figures compiled by the British Government, foreign-born workers are snapping up jobs, even as Britons languish on benefits. The official statistics revealed that nearly eight out of 10 people starting a new job in the past three months were born overseas. The details came out as Britain was buoyed by its biggest jobs gain for 21 years, with the overall number out of work dropping 49,000 to 2.46 million. But the workers born in Britain are being left behind. Out of 188,000 extra people getting jobs in the three months to June some 1,45,000, or 77%, were born overseas.
Source : 12-08-10 DNA Compiled by Amresh Anjan
US Unemployment Insurance Claims Increase To Half-Year High The number of workers in the United States registering new claims for unemployment insurance increased to its peak level in close to six months, thus indicating a weak job market. The new claims for jobless benefits rose by 2,000 to a colossal 484,000 in the week that ended on August 7, a second straight week of increase, data from the labour department revealed. The data came two days after the Federal Reserve downgraded its evaluation of the economy's health and said it would take steps to ensure its support to the fragile economic upturn.
Source : 12-08-10 DNA Compiled by Amresh Anjan
NHAI Officials Stop Working After Office Hours After the Central Bureau of Investigation (CBI) unearthed a scam involving two top officials of the National Highways Authority of India (NHAI) in May, the authority, which is responsible for the development, maintenance and management of the country's highways, has changed its way of working. Company officials now refrain from staying in the office beyond regular hours, which has adversely affected the process of awarding contracts, according to sources. Officials are scared that they may have to explain to the CBI the reasons for their working beyond office hours, so choose to avoid the situation. The investigations agency, during its frequent rounds of the NHAI headquarters in the last two months, has raised the issue of officials staying beyond office hours and advised them to avoid doing so.
Source : 08-08-10 DNA Compiled by Amresh Anjan
TCS BPO Wins Six Awards For HR Leadership TCS BPO Services, the business process outsourcing arm of Tata Consultancy Services (TCS), has bagged six awards for terrific HR leadership at Asia's Best Employer Brand Awards 2010, in Singapore. The BPO was nominated across six different specialty areas of HR excellence and was recognised among the front runners across Asia Pacific in all six of these categories, receiving the award for talent management, excellence in HR through technology, continuous innovation in HR strategy at work, innovation in recruitment, innovative retention strategy and excellence in training, the company said.
Source : 08-08-10 DNA Compiled by Amresh Anjan
Banks To Talk About HR Issues With FM Issues related to human resources (HR) management in public sector banks and implementation of the New Pension Scheme (NPS) will be the top agenda of bank chiefs' meeting with Union finance minister Mr Pranab Mukherjee. Other than the usual agenda on the financial performance of banks, the minister will seek an update on decisions taken at the zonal meetings with chief ministers. Due to high attrition and retirements, the top and middle levels in the system are now empty. Bankers are looking at personnel issues as a new risk factor in the sector. The issue will be discussed in the meeting.
Source : 13-08-10 Business Standard Compiled by Amresh Anjan
Hewlett-Packard To Pay Mr Mark Hurd Millions To Walk Away Whatever Mr Mark Hurd did that cost him his job as CEO of Hewlett-Packard, it wasn't enough to cost him a payday that could top $40 million. In the meantime, with little still known about why an actress and HP contractor threatened Mr Hurd with a sexual-harassment lawsuit, stockholders took a $9 billion hit last Monday, and HP's 300,000 workers were left to think about its future. HP said that the problems it uncovered with the CEO's behavior were limited to falsified expense reports for his dinners and other meetings with Ms Jodie Fisher. Mr Hurd has settled with Ms Fisher for a secret amount, and both parties maintain that the relationship was not sexual. Mr Hurd said an assistant prepared all of his expenses. He has offered to reimburse HP for the errors. Meanwhile, the company says it is focused on finding a successor.
Source : 10-08-10 Hindustan Times Compiled by Amresh Anjan
Hike In US Visa Fee To Cost Indian Firms Extra Rs 920 Cr A Year Commerce and Industry Minister, Mr Anand Sharma called the US government's proposal to hike visa fee as discriminatory and said it would erode the competitiveness of Indian firms, costing them an extra $ 200 million (about Rs 920 crore) per annum. "The Bill will have an (estimated) additional cost implication of over $200 million annually and an adverse impact on the competitiveness and commercial interests of Indian companies," Mr Sharma said in a letter to US Trade Representative Ron Kirk. The US Senate last week approved a huge increase in application fees for H1-B and L-1 visas, under which most software and information technology professionals work in the US. This increase is aimed at creating a $600 million (Rs 2,700 crore) fund for enhancing security along the Mexican border.
Source : 10-08-10 Hindustan Times Compiled by Amresh Anjan
Tata Group Names Panel To Appoint New Successor The Tata group named a five-member panel to appoint a successor to chairman Mr Ratan Tata, who will retire by the end of 2012. The panel includes Mr N A Soonawala, Mr Cyrus Mistry and Mr R K Krishnakumar, who are directors at group holding firm Tata Sons. The other members include lawyer Mr Shirin Bharucha, and UK professor Lord Bhattacharya. The panel will search within the group as well as outside and overseas.
Source : 06-08-10 ibnlive.in.com Compiled by Amresh Anjan
Toyota Axes 600 Workers Toyota has axed 600 workers at its Japanese factories as it gears up for a drop in local sales when incentives for green cars run out in September. Toyota Motor Corp appointed a total of 2,400 contract workers at the end of fiscal 2010, it said. Contract workers are appointed under different terms from other employees at Toyota, primarily to make it easier to increase or cut the numbers of workers in response to changing demand for cars. The contract workers are hired for up to two years and 11 months. When their term is finished, they are either laid off or get new contracts to become regular workers, who get better pay, promotion opportunities and lifetime employment.
Source : 10-08-10 Hindustan Times Compiled by Amresh Anjan
Infosys To Look For Mr Murthy's Successor Infosys Technologies will start the work of finding a replacement for its chairman and chief mentor Mr NR Narayana Murthy from January next year. The company's nominations committee, including ICICI Bank's non-executive chairman KV Kamath and Cornell University professor Jeffrey Sean Lehman, has already begun discussions on the process, according to the sources.
Source : 09-08-10 ibnlive.in.com Compiled by Amresh Anjan
Ranbaxy MD Steps Down After just a year in office, Ranbaxy's managing director and CEO Mr Atul Sobti will step down from next week. Mr Arun Sawhney, president of the company's global pharmaceuticals business, will replace Mr Sobti. "There are opinions to run a company. When you believe you don't have a consensus, you move out. The differences were substantial and basic, but there was no immediate trigger," Mr Sobti said.
Source : 13-08-10 The Telegraph Compiled by Amresh Anjan
Ms Naina Lal Kidwai Joins HSBC's Global Board Hongkong and Shanghai Banking Corporation (HSBC) — the world's fifth-largest bank by total assets — appointed Ms Naina Lal Kidwai as a director on board. This brings her on a par with achievers such as Ms Anshu Jain, Ms Indra Nooyi and Mr Ajay Banga — on the boards of global giants — Deutsche Bank, PepsiCo and MasterCard, respectively. Ms Kidwai, a Harvard MBA who joined HSBC India in 2002, was appointed the country head of the bank in 2006 and is now set to join the board with effect from October 1, 2010, subject to regulatory approval from the Hong Kong Monetary Authority.
Source : 09-08-10 Hindustan Times Compiled by Amresh Anjan
Skoda Gets A New MD Skoda Auto India has announced the appointment of Mr Oliver Gruenberg as its new managing director – technical affairs. Mr Gruenberg assumes responsibilities from August 1, 2010, and has replaced Mr Jean Marie Lagey, managing director, technical affairs, who retired from Skoda Auto India after a distinguished tenure.
Source : 13-08-10 The Financial Express Compiled by Amresh Anjan
PwC Appoints New Executive Director Mr Vivek Mishra, a former leader of indirect tax practice at E&Y, has bee appointed by PricewaterhouseCoopers as executive director in the indirect tax practice. He is expected to play an integral role in developing and expanding the market for indirect tax services for the firm.
Source : 13-08-10 The Financial Express Compiled by Amresh Anjan
Madison Media Appoints Mr Ashish Singru As COO Mr Ashish Singru, an IIT Kanpur graduate with an MBA from University of Iowa, has joined Madison Media Plus as COO. Mr Singru has 14 years of experience in marketing, media and analytics. Prior to this, he was with Microsoft at Redmond, where he spent six years at corporate marketing group looking after strategic media planning, campaign evaluation and business analytics.
Source : 13-08-10 The Financial Express Compiled by Amresh Anjan
Mr Sanjiv Sarin Appointed As Head Of Tata Global's South Asia Operations Tata Global Beverages, formerly Tata Tea, has named Mr Sanjiv Sarin as Regional President, South Asia. He will take on this responsibility with immediate effect. Mr. Sarin has been part of the Tata Global Beverages' integration and transformation journey from the beginning. Before his appointment, he led a number of key projects within the business and before joining Tata Global Beverages, worked with a number of other international organisations, including a significant period leading teams at Cadbury Schweppes in the Philippines, Egypt, India and the U.K.
Source : 13-08-10 The Hindu Compiled by Amresh Anjan
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