| U.S. Competes With India For Jobs In Call Centers A big outsourcing company, which has done a lot of work in India, is looking to staff up in the U.S., where call center workers can now be hired at a cheaper salary. "People in the U.S. are open to working at home and working at lower salaries than they were used to," Mr Pramod Bhasin, chief exec of Genpact, said. The firm intends to triple its U.S. workforce in the next two years — a plan rendered somewhat less impressive by the fact that it only has 1,500 employees in the U.S. right now. Other than that, Wipro, an outsourcing company based in Bangalore, has been staffing up in Europe, the Middle East and Africa; roughly half of the firm's employees will be non-Indians in two years, up from 39 percent now, an executive said. Source : 20-08-10 npr.org Compiled by Amresh Anjan
To Get Salaries Like Men In The UK, Women Need To Wait For Decades According to a Chartered Management Institute (CMI) survey, male managers in Britain earn £10,000 a year more than their female counterparts and it could be almost 60 years before that gap is filled. The institute's investigation revealed that salaries for women in charge were increasing slightly faster than those for male bosses — up 2.8% over the last 12 months — but some top-earning men were paid a quarter more than the fairer sex. "Girls born this year will face the probability of working for around 40 years in the shadow of unequal pay," said Ms Petra Wilton, CMI head of policy. "The prospect of continued decades of pay inequality cannot be allowed to become reality." The survey, which took data from 43,312 people in 197 organizations, revealed that the average salary for a male manager stood at £10,071 ($15,750) more than that of a female boss, with current rates of wage inflation pointing to a 57-year wait for equality. Source : 19-08-10 DNA Compiled by Amresh Anjan
Contract Style Recruitment Attracts RBI A government job usually means official accommodation, easy working hours and a wholesome retirement kitty, among other benefits. However, the perception seems to be changing now as state-run organizations increasingly tilt towards contract basis employment, where the benefits are limited to bare essentials such as medical benefits and salary. So it is at the Reserve Bank of India (RBI), which is right now looking for executive interns on a three-year contract. The hunt is on for 200 executive interns, a lot more than the number of direct recruit probationary officers (POs) the central bank takes in every year. These candidates would neither be entitled to company accommodation, pension, provident fund or gratuity, nor have any claim to seniority. In fact, if their performance is not up to the mark, they could get sacked even before the contract period ends. This is the first time the central bank has issued an advertisement for mass recruitment of entry level executives on contract basis. Source : 16-08-10 DNA Compiled by Amresh Anjan
US Puts Extra Charges Of $2,000 Per Annum On Skilled Workers From India After the US increased skilled-work-visa charges by nearly $2,000 (Rs93,000) per person per year, the Indian IT sourcing firms have been saddled with combined costs of around $200 million (Rs930 crore) a year. There are about 70,000-1,00,000 Indians in the US, nearly all of them IT professionals, working on 3-7 year visas in the US who will be impacted by the change. The move is aimed at bridging the cost difference between employing an Indian technology worker and a local worker. Source : 13-08-10 DNA Compiled by Amresh Anjan
Directors At HP Sued Over CEO Mark Hurd Exit Massachusetts pension fund has sued Hewlett-Packard Co's directors as it believes that they violated their fiduciary duties in connection with the abrupt departure of chief executive Mr Mark Hurd, causing the company's share to fall. The shareholder derivative lawsuit accused the directors of failing to properly disclose the existence of an internal probe into Mr Hurd's activities and failing to "police insider trading" by company executives. It also accused them for trying to give Mr Hurd tens of millions of dollars of severance he did not deserve. Mr Hurd resigned as chairman and chief executive after the investigation revealed that he had supposedly falsified expense reports to cover a relationship with a female marketing consultant. Source : 13-08-10 DNA Compiled by Amresh Anjan
US Jobless Claims At 9- Month High New US claims for unemployment benefits increased to a nine-month high last week, yet another setback to the weak economic recovery. According to the Labor Department, initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 500,000 in the week ended August 14, the highest since mid-November. Source : 19-08-10 moneycontrol.com Compiled by Amresh Anjan
Green Jobs Coming Soon For A Cleaner, Greener Environment When he was a child, Mr Jai Kumar Gaurav, now 24, wanted to be a superhero, an imaginary Captain Planet who fights pollution and greens the Earth. But unlike most other little boys, he actually lives his dream now. He works with Sindicatum Capital Management as a clean development mechanism (CDM) management officer to help firms reduce their Carbon footprint. "I could have chosen to do an MBA, but a clean environment is my priority," says Mr Kumar Gaurav, about graduating in environmental studies from Delhi University, and later completing his masters in environmental science from the university run by The Energy Resources Institute (TERI). Like him, there are many youngsters today who are attracted to — and engaged in — what are known as 'green jobs'. Green jobs refer to work in agricultural, manufacturing, research and development or administrative activities that contribute to preserving environmental quality, and help in protecting the ecosystem and biodiversity. They may comprise architects designing energy-efficient buildings, organic farmers in villages, environmental engineers or even plumbers installing water-recycling systems. Source : 17-08-10 google.com Compiled by Amresh Anjan
38 Per Cent Indians Agree American Jobs Being Taken Away By India, A Poll Reveals A huge number of Indians feel that Americans were justifiably angry at their jobs being off shored to India. As per a recent SMS poll, 38 per cent across Bangalore, Hyderabd, Mumbai and Delhi agree that American anger was justifiably directed at India for taking away their jobs. The response from Bangalore was the most surprising. Arguably the biggest technology outsourcing hub in the world, 46 per cent of Bangloreans who responded to the poll felt that Indians were taking jobs away from Americans, which had resulted in anger. Source : 13-08-10 domain-b.com Compiled by Amresh Anjan
B-School Pass Outs Of Indian Tier II Cities Prefer To Work In PSUs B-school graduates prefer banks/PSUs jobs over others as these ensure job stability and cause lesser mental strain. Whereas in metros, B-school pass outs pick job prospects in corporate sector in which growth prospects are comparatively quicker & faster, according to a survey conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM). ASSOCHAM Secretary General, Mr. D.S. Rawat said that as many as 85 percent of students who gave their views on the subject in tier II cities such as Ghaziabad, Lucknow, Chandigarh, Dehradun, Jaipur, Indore, Kochi, Chennai, Hyderabad and Pune revealed that their first choice would be to join `Schedule A' PSUs. These include ONGC, NTPC, IOC, GAIL, HPCL,BPCL, SAIL, MTNL etc. and provide for better job prospects with 100 percent stability factor. Source : 19-08-10 siliconindia.com Compiled by Amresh Anjan
Only 4.22% Graduates Fit For A Job, A Study Reveals According to a study on employability conducted by Aspiring Minds, employability with regard to IT product firms is as low as 4.22 %. But with regard to IT services companies it is 17.84% (wherein an in-house training of 3-6 months is provided in the company). The report also revealed that KPOs find only 9.47% technical graduates worth recruiting. Meanwhile, the employability with regard to BPOs is 38.23%, it is 25.88% for the Technical Support Jobs (TSJs). The employability study of technical graduates is based on the results of a computer-based test called AMCAT, which is conducted for more than 40,000 engineering and MCA students (in the final year of graduation) across the country. Source : 17-08-10 indianexpress.com Compiled by Amresh Anjan
Mr Noel Tata Appointed As Additional Director Of Trent Tata-owned retail company, Trent informed the stock exchanges that it had appointed Mr Noel Tata as additional director of the company. He would be named as the company's non-executive vice-chairman. Source : 20-08-10 Business Standard Compiled by Amresh Anjan
BPCL Gets New CMD Mr S Radhakrishnan has been appointed as the additional charge of Chairman and Managing Director of Bharat Pertroleum Corp Ltd (BPCL). Mr Radhakrishnan is Director (Marketing) in BPCL since November 2002. Source : 20-08-10 Business Standard Compiled by Amresh Anjan
Microsoft India Names Mr Sanket Akerkar As MD Microsoft India has named Mr Sanket Akerkar as the new managing director of its sales and marketing group in India. Mr Akerkar replaces Mr Rajan Anandan, who joined Microsoft in 2008. Source : 14-08-10 Business Standard Compiled by Amresh Anjan
Mr N Rangachary Appointed As CSDL Chairman The Central Depository Services Ltd (CDSL) has named Mr N Rangachary as chairman of the depository with effect from August 16. Prior to this, Mr Rangachary was the founding chairman of Insurance Regulatory and Development Authority (IRDA). He succeeds Mr SS Thakur, who was the chairman of CSDL since 2001. Source : 20-08-10 The Financial Express Compiled by Amresh Anjan
Alcatel-Lucent Announces The Appointment Of New Country Head Alcatel-Lucent has announced the appointment of Mr Munish Seth as country head for its Indian business. Prior to this, Mr Seth had been in charge of customer solution and support at Alcatel-Lucent's Asia-Pacific region. Source : 20-08-10 The Financial Express Compiled by Amresh Anjan
PE Electronics Names Two COOs PE Electronics, a new business unit that brings together two premium brands, Philips and Electrolux, has named Mr Neeraj Sethi and Mr Sajeev R as chief operating officers. Mr Sethi will head the range of television products of brand Philips that includes LED, LCD and ultra slim CRT. Meanwhile, Mr Sajeev R will take charge of the range of home appliances of brand Electrolux which includes refrigerators, air-conditioners, washing machines and microwave ovens.
Source : 20-08-10 The Financial Express Compiled by Amresh Anjan
Patni Appoints Chief Delivery Officer Patni Computer Systems has appointed Mr Manish Mehta as executive vice-president and chief delivery officer. Before this, Mr Mehta worked with Mahindra Satyam, the erstwhile Satyam Computer Services, as chief delivery officer for India, Asia Pacific and Europe, Middle East and Africa regions. Source : 20-08-10 The Financial Express Compiled by Amresh Anjan | 
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