| IT Companies Lure Ex-Employees If you are an ex-employee of some top IT firm in India, you can expect your former boss to call you back again. Not so long ago, driven by the economic slowdown, organisations had hit the panic button, cutting down on people, their salaries, their travel costs, etc. Now that the economy is on recovery mode once again, these firms are facing the worst talent crunch, mostly of experienced people, to manage their projects, liaise with clients, etc. So what do these firms do? Mr Mohandas Pai, executive board member and director - global human resource for Infosys Technologies, said, "We launched this fast-track employee hiring programme, Green Channel, about three months ago. The aim is to hire former employees. That helps us because they will take less time to acclimatize in Infosys." Though he did not give details of the extent the company went to in luring back former employees, he agreed that for those who rejoined, the offer made was very 'attractive'. Bangalore-based Mindtree Ltd has also been tracking alumni for quite sometime. "We have always had programmes targeting Mindtree alumni who might have left for reasons such as seeking to work on different technology, moving to an area where we were not present, etc," said Mr Krishnakumar Natarajan, MD and CEO, Mindtree. Source : 26-08-10 DNA Compiled by Amresh Anjan
Supreme Court Favors Creation Of A Nodal Agency The Supreme Court supported creation of a nodal agency to manage implementation of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), in view of the allegation that benefits of the scheme were not reaching the intended beneficiaries. A Bench comprising Chief Justice Mr S.H. Kapadia and Justice Mr Swatanter Kumar said there was a need for a nodal agency at the Centre for assuring that the guidelines required to be followed for implementation of the scheme is not given a go-bye. It said it will help in bringing lucidity in the project as well as accountability for violating the provisions of the scheme. Source : 27-08-10 The Hindu Compiled by Amresh Anjan
Slowdown Brings Change In The Campus Recruitment Of Engineering Colleges In Pune Post the slowdown, there seems to have been a noticeable change in the campus recruitment trends of engineering colleges in Pune. Unlike previous years when students from even core engineering branches such as mechanical, production or civil would opt for a job in the IT industry, the current trend has been of students opting for core branches to which they belong. "The trend is obvious in the campus placements of almost all city engineering colleges in 2009-'10," said Mr Sheetalkumar Ravandale, convenor of Federation of Training and Placement Officers. "Though the number of jobs remains to be higher in the IT industry, the shift to core engineering branches is definitely visible. There was a trend when students of mechanical or production also used to opt for IT jobs. However, the IT sector was the one that was affected the worst during recession and students are now aware of it. This is one of the major reasons for the shift," he added. Source : 26-08-10 Indian Express Compiled by Amresh Anjan
There Is A Discrepancy In The Employment Exchange Programme, As Per Finance Ministry The initiative of the government to revise employment exchanges across the country has hit a roadblock. It has been learnt that while appraising the project, the department of expenditure in the finance ministry has pointed at a mismatch between the labour ministry's proposal and the Planning Commission approval. The employment exchange modernisation programme, at a cost of over Rs 2,000 crore, was recently identified as a mission mode project under the national e-governance plan. The Expenditure Finance Committee (EFC), in the expenditure department, has found that the 'sharing pattern' proposed by the labour ministry for the employment exchange modernization plan is not as per the the Planning Commission's approval. The ministry of labour has been asked to consult the Planning Commission on the matter. Source : 25-08-10 DNA Compiled by Amresh Anjan
PMO Looks For Review Of Two Bank CMD Appointments For top posts in public sector banks, the department of personnel and training (DoPT) has expressed reservations on some appointments. Consequently, the prime minister's office has referred back the appointment files to the cabinet secretariat. As per sources, the department has raised objections regarding two banks, one a large government bank and the second a smaller bank. A large government bank was supposed to get an executive director of another large bank as chairman. According to the practice for large government banks, an existing chairman of a smaller bank is moved laterally. The government's decision to promote an executive director as chairman of a large bank has led DoPT to express its reservation. In the other instance, DoPT has objected because a small government bank was to get a chairman who has less than two years of service left. As per government norms, an executive director is eligible for promotion if the candidate has two years of residual service and has spent one year as ED. Source : 26-08-10 Business Standard Compiled by Amresh Anjan
Flight Crews Work For 40 Hrs A Week Until the Director General of Civil Aviation (DGCA) comes up with new Civil Aviation Requirements (CARs), flight crews will have to continue to put in 10 extra hours of work every week. These CARS are regulations that look at duty hours of pilots and other crew members. Replying to a petition filed by the Indian Pilots Guild, Additional Solicitor General Mr Darius Khambata said that that the DGCA would have to prepare a draft CAR, publish it on its website, call for objections and suggestions and decide the same before issuing final CARs. The Indian Pilots Guild challenged DGCA's decision to allow Air India and Jet Airways to dispense with implementing part of the July 2007 CARs that deal with duty hours of flight crews. The decision that was taken in May 2008 brought 1992 CARs back into force for the two airline flight crews resulting in hiking their flight duty from 30 hours to 40 hours a week. Source : 25-08-09 Hindustan Times (Mumbai) Compiled by Amresh Anjan
US Jobless Claims At 9-Month High Last week, the number of Americans filing new claims for jobless benefits jumped unexpectedly to the sensitive 500, 000 level, the highest in nine months, the government said, up sharply from the previous week's revised figure of 488, 000 and well above most economists' expectations of 475, 000. Source : 20-08-10 Hindustan Times Compiled by Amresh Anjan
UK Migrant Cap Likely To Boost Job Export According to a study by the Chartered Institute of Personnel and Development (CIPD) and the accounting giant KPMG, almost one in 10 private sector companies plan to relocate jobs abroad in the next year —and mostly to India. Companies are looking to export call-centre, IT and finance jobs, the study said. Two-thirds of those putting work offshore plan to take jobs to India, a third to China and three out of 10 to eastern Europe. Source : 21-08-10 Hindustan Times Compiled by Amresh Anjan
Demand Of Teachers Increases Exponentially The Right to Education Act needs 508, 000 teachers and 244, 000 head teachers, respectively, in elementary education. Besides this, posts of around 523, 000 teachers are vacant in various states, Minister of State for HRD Mr D Puradeswari said in the Rajya Sabha. As per the RTE Act of 2009, the government has three years to hire them to achieve the student-teacher ratio as prescribed under the Act. Source : 21-08-10 Hindustan Times Compiled by Amresh Anjan
Fees Of H-1B, L1 Visa Rises: US The sharp hike in H-1 B and L1 visa fees, which would cost Indian IT companies an additional $250 million (Rs 1, 164.5 crore) annually, has come into effect from August 14, the US said. The move comes in the midst of protests by India that the increase incorporated in the Border Securty Bill is discriminatory against Indian companies and needs to be amended. Source : 21-08-10 Business Standard Compiled by Amresh Anjan
First Micro-Finance IPO Makes Its Employees Millionaires Ms K Nirmala, 31, will prepay her home loan shortly, thanks to the stock she held in SKS Microfinance, where she has been working from last 13 years. Ms Nirmala, now a senior lead manager (training) in India's largest micro-finance institution, sold 1,500 shares for Rs 17.38 lakh. She is not alone. Just five days after the company was listed, many of her colleagues are finding themselves in the league of millionaires and are planning to use this money to invest in homes or their children's education. There has been a lot of activity from employees at the SKS counter, as the stock price has risen over 23 per cent to Rs 1,211 on the BSE. Disclosures made to the exchanges reveal that over 50 employees sold part or entire holdings. And the data is only for transactions over Rs 5 lakh in value, or sale/purchase of 5,000 shares. Source : 21-08-09 Business Standard Compiled by Amresh Anjan
Unicon Financial Appoints Mr Puneet Gupt Unicon Financial Intermediaries has named Mr Puneet Gupt as the head of internet business. In this role, Mr Puneet will be responsible for developing and executing strategies to accelerate growth of Unicon's internet business and drive operational effectiveness. Mr Gupt joins Unicon from hCentive Inc., a US based company dedicated to creating solutions that simplify healthcare. Source : 27-08-10 The Financial Express Compiled by Amresh Anjan
Welspun Names Mr Barry Leonard As President And CEO Welspun's US-based unit, Welspun USA Inc, has named Mr J Barry Leonard as president and CEO, with effect from September 6. In the new role, Mr Leonard will assist in fortifying company's relationship with the world's top retail giants and successfully positioning it amongst the largest and most valued home textile companies in the world. Source : 27-08-10 The Financial Express Compiled by Amresh Anjan
Fujitsu Appoints New CEO Fujitsu Technology Solutions has announced the appointment of Mr Rolf Schwirz as chief executive officer with effect from November. Mr Schwirz will report to Mr Richard Christou, Fujitsu corporate senior executive vice-president. Source : 27-08-10 The Financial Express Compiled by Amresh Anjan
Mr Chetan Patni Joins HSBC Sales Global banking major, HSBC said that it has appointed Mr Chetan Patni as MD, head of execution and sales trading, in India. Mr Patni will be jointly responsible for HSBC's Indian equities business with Mr Haresh Shivdasani, managing director, head of equities. He will report to Mr Rakesh Patel, managing director, Head of Equity Sales and Trading Asia-Pacific. Source : 27-08-10 The Financial Express Compiled by Amresh Anjan
Mr Arun Sawhney Appointed As Ranbaxy MD Ranbaxy Laboratories named Mr Arun Sawhney as managing director of the company. He has replaced Mr Atul Sobti, who resigned on August 12. Mr Sawhney, who was earlier president, global pharmaceutical business of the company, has been appointed managing director for a period of three years, the company said. Source : 21-08-10 The Financial Express Compiled by Amresh Anjan
Apple iPhone Executive Steps Down An executive of Apple Inc. whose responsibilities include iPhone hardware is resigning from the company in the wake of antenna problems with the latest version of the smart phone. After consumers complained and numerous media outlets reported a problem with dropped calls, the company was forced to offer a free fix. Mr Mark Papermaster, Apple's senior vice president of iPhone and iPod hardware engineering, is leaving the company, said Apple spokesman Mr Steve Dowling. Source : 25-08-10 livemint.com Compiled by Amresh Anjan | 
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