Read thousands of HR articles on a variety of topics written for human resources professionals by HR professionals. This website includes HR related articles, links and forums. Extensive HR community forums: benefits, HR management, recruiting,compensation, and more.
Only Highly Skilled Foreigners To Get Jobs In India To stop foreigners filling non-technical jobs, India has made it clear that they would be taken in only for highly-skilled work and provided they draw a salary of not less than USD 25,000 a year. In an order, the Home Ministry nullified a Labour Ministry circular that capped foreign workers to one per cent of the total strength in any project, with a minimum of five and maximum of 20 people. According to the Home Ministry guidelines, "An employment visa is granted to a foreigner if the applicant is a highly skilled and/or qualified professional, who is being engaged or appointed by a company/organisation/ industry/undertaking in India on contract or employment basis." The ministry also made it clear that employment visa shall not be granted for jobs for which qualified Indians are available and also for routine, ordinary or secretarial/ clerical jobs. "The foreign national being sponsored for an employment visa in any sector should draw a salary in excess of USD 25,000 per annum," it says. However, this condition of annual floor limit on income will not be applicable to ethnic cooks, language teachers (other than English), staff working for the Embassy/High Commission concerned in India.
Source : 22-10-10 Indian Express Compiled by Amresh Anjan
1.3 Lakh New Jobs In IT Sector To Come Up This Year Infosys Technologies Ltd, which reported an employee attrition at 17.1% during quarter to September, hopes attrition will come down radically as wage hikes and promotions are due this month, chief executive officer and managing director Mr Kris Gopalakrishnan said. Saying that high attrition was a phenomenon across the board owing to a sudden spurt of growth in the industry and scramble for recruitment across companies, he added that Infosys expects stability by next quarter. As against promotions along with hikes once a year in April, the IT major is now taking up promotions exercise twice a year, in April and October, from this year onwards. Besides, Mr Gopalakrishnan said with the spurt in growth, the Indian IT sector is set to hire some 130,000 to 150,000 engineers this year as against some 50,000-60,000 recruited last year.
Source : 22-10-10 The Hindu Compiled by Amresh Anjan
Nokia To Slash 1,800 Jobs After Strong Third-Quarter Results Nokia reported stronger-than-expected profits for the third quarter and said it would cut up to 1,800 jobs under its new chief executive. The third-quarter underlying earnings per share for the world's largest handset maker plunged to €0.14 from €0.17 a year ago, but beat all forecasts — which ranged from €0.08 to €0.12 — in a Reuters poll of 36 analysts. The results were the first since Canadian Mr Stephen Elop took charge of the company on September 21 from Mr Olli-Pekka Kallasvuo, who presided over a halving in Nokia's market value during his four years in charge.
Source : 21-10-10 DNA Compiled by Amresh Anjan
ICICI Will Lay Off Some BoR Staff After Five Years ICICI Bank Ltd has issued contracts to some employees inducted from the erstwhile Bank of Rajasthan (BoR) that will end without any prior notice at the end of a five-year term regardless of the age of the employee. The BoR employees feel that this as a strategy to lay off excess staff after five years. Of the nearly 4,000 employees of BoR who are now with ICICI Bank, around 400 have been given such contracts, sources revealed.
Source : 20-10-10 livemint.comCompiled by Amresh Anjan
Successor Of Mr Bill Gates At Microsoft To Retire Soon The Microsoft Corp executive, Mr Ray Ozzie, who took over the role of chief software architect from Mr Bill Gates is to retire, following a tenure in which the Windows-maker lost ground to Google and Apple. Chief executive Mr Steve Ballmer said Mr Ray Ozzie would not be replaced, raising questions about the leadership and direction of the world's largest software company after a string of high-profile departures. Mr Ozzie, who spearheaded Microsoft's move towards providing software and computing power over the Internet - known as "cloud computing" - had achieved what he set out to do, one person close to the executive said, although others questioned whether he had had ever had much impact.
Source : 19-10-10 DNA Compiled by Amresh Anjan
If You Want To Stop Them, Entertain Them, Believes Infosys In a market where demand for techies is not falling in line with supply, Infosys Technologies is doing everything it can to woo them. During the time, when increments and promotions don't seem enough, Mr TV Mohandas Pai, human resource head of Infosys Technologies, has gone a step ahead to buy the loyalty of employees. He is engaging Infoscions by organising events, screening movies at the campus, and inviting references from staff for hirings. "We have done many things. We had 368 employee events last quarter (between July and September). Young people want more events... they want Nach Baliye... musicals and all that kind of stuff. This week, we showed a cinema on our campus. So, we are engaging with people at the level at which people want to engage," Mr Pai said. Senior executives like Mr Kris Gopalakrishnan and Mr Ashok Vemuri have also contributed a bit by personally meeting the employees and taking them out for lunch. The result of these initiatives has already started showing with the number of employees leaving the company slowly dipping over the last three months.
Source : 16-10-09 DNA Compiled by Amresh Anjan
Independent Directors To Get Less Pay, Perks… Independent directors serving on the boards of the nation's publicly listed companies are set to witness a steep decline in their perks, remuneration and fees. A wary government, still smarting under the alleged accounting fraud in Satyam Computer Services, is preparing a host of proposals to ensure the directors live up to their independent role. Under legislative proposals to amend corporate law, stock options will be ruled out for independent directors, who are likely to face a cap of Rs20,000 per meeting for each sitting in board meetings, according to government sources. Currently, there is no cap and some directors earn as much as R30 lakh per annum. The proposals are being prepared by the corporate affairs ministry, which is piloting the Companies Bill introduced in Parliament last year.
Source : 18-10-10 Hindustan Times Compiled by Amresh Anjan
93% Indian Workers Believe Being In Office Is No Longer Needed To Be Productive According to a global study by networking major Cisco, 60 per cent of workers believe being in the office is no longer needed to be productive. In fact, the desire to be mobile and flexible in accessing corporate information is so strong that the same percentage of workers said they would prefer jobs that were lower-paying but had leniency in accessing information from outside the office over higher salaried jobs that lacked flexibility.
Sundaram Mutual Names Mr Harsha Viji As Deputy MD Mr Harsha Viji, Executive Director (Strategy and Planning) of Sundaram Finance has been appointed as the Deputy Managing Director of Sundaram Mutual (known as Sundaram BNP Paribas Mutual till recently). His entry comes at the "crucial and exciting phase of the company" even as Sundaram Finance has become its full owner yet again following a buy-out of the stake held by BNP Paribas in the company. Sundaram Asset Management Company Managing Director Mr T. P. Raman said Mr Harsha Viji's experience in strategic planning and consulting would prove ``very useful in charting a new road map for Sundaram Mutual as it seeks to achieve newer heights."
Source : 21-10-10 The Hindu Business Line Compiled by Amresh Anjan
Accenture CEO Mr William Green Steps Down Accenture Chief Executive Mr William Green will step down in January and be replaced by Mr Pierre Nanterme, a veteran of the technology outsourcing and consulting firm. Mr Green, 57, will continue as chairman, the company said. Mr Nanterme, 51, runs Accenture's global financial services operating group and is based in Paris. Source : 21-10-10 Business Standard Compiled by Amresh Anjan
Only 10% Fresh Graduates And 25% MBA Passouts Are Employable According to a recent study by the Tata Institute of Social Sciences (Tiss), a majority of the students pursuing higher education like engineering, management, etc. are not industry-ready. In other words, our education system, including professional courses, is not making students employable. The survey also states that only 10% of fresh graduates are actually employable, while a study of MBA and engineering graduates reveals only 25% of them to be employable. The survey tried to find out the percentage of candidates who will be employable in service-oriented companies if they were directly put on projects without any in-house training. In case of the IT industry, for instance, the figure is 5.97%. "If the country has to maintain its competitive advantage, the educational institutions need to provide education that will impart job-relevant skills," the survey said.
Source : 20-10-10 DNA Compiled by Amresh Anjan
Cash-short Britain Slashes 490,000 Public Jobs To deal with the effects of its worst post-War recession, Britain was put on notice for up to half a million public sector redundancies as the government announced swinging spending cuts. Prime Minister Mr David Cameron and Deputy Prime Minister Mr Nick Clegg got into action to calm public nerves as Chancellor of the Exchequer (finance minister) Mr David Osborne announced the cuts. Around 490,000 public sector jobs are at risk, Mr Osborne told Parliament.
Source : 20-10-10 Hindustan Times Compiled by Amresh Anjan
Coromandel Hires Mr Kapil Mehan as MD Coromandel International has appointed Mr Kapil Mehan, a senior Tata Chemicals official, as its new MD. He has replaced Mr V Ravichandran, who has been elevated to the Murugappa Corporate Board as lead director for fertiliser and sugar businesses. The board had appointed Mr Kapil Mehan for a period of 5 years, effective October 19, 2010.
Source : 21-09-10 The Financial Express Compiled by Amresh Anjan
Deal With Union Saves JLR Plant Tata Motors-owned Jaguar Land Rover (JLR) has signed a new deal with its unions that will see pay rise for existing workers by around 5 per cent and also add another 1,500 workers over the next year, taking its total workforce to 17,500 by the end of next year. "This is a triumph for all concerned," said JLR Chief Executive Mr Ralf Speth. "The agreement is a great deal for our workers and the company, and we can now really get on with working together to achieve an even more exciting future for the Jaguar and Land Rover brands. This is truly the beginning of a new era for Jaguar Land Rover," he added.
Source : 16-10-10 Business Standard Compiled by Amresh Anjan
IMT Students Get 12.5% Hike In Salary Offers The Institute of Management Technology (IMT), Ghaziabad, has witnessed a 12.5 per cent increase in salary offers for the executive education batch this year at Rs 18 lakh from Rs 16 lakh offered last year. The highest offer was made by HCL Technologies. In fact, 30 per cent of offers were made by information technology (IT) companies, followed by pharmaceutical firms and banks — each at 20 per cent. Other companies that have offered placements this year include Dr Reddy's, ICICI Bank, Dhanlaxmi Bank, Kotak Mahindra Bank, Deloitte and HDFC Bank.
Source : 18-10-10 Business Standard Compiled by Amresh Anjan
Mr Vineet Nayar Elevated As HCL Tech V-C Software billionaire Mr Shiv Nadar promoted CEO Mr Vineet Nayar of HCL Technologies as the company's vice-chairman as the group's flagship reported a 3.1 per cent year-on-year rise in its net profit at Rs 331 crore for the July-September first quarter. Mr Nayar, who takes charge from November 1, will continue to be the CEO and whole-time director in the company.
Source : 20-10-09 Hindustan Times Compiled by Amresh Anjan
Capgemini Gets New HR Head Consulting, technology and outsourcing provider, Capgemini appointed Mr Rajesh Padmanabhan as the head of human resources (HR) for India. Prior to this, he was the executive vice-president and global head of HR for Patni Computer Services. He had also worked with the Oberoi Group, Essel Propack and with 3i Infotech.
Source : 20-10-10 Business Standard Compiled by Amresh Anjan
New Director Appointed On NLC Board Mr V. Murali, the Central Council Member of the Institute of Chartered Accountants of India, has been named as a Director on the board of Neyveli Lignite Corporation (NLC) for three years with effect from September 30. Mr. Murali, a practising Chartered Accountant in Chennai, is also a director on the boards of State Bank of Hyderabad and MSE Financial Services, according to a release.
Source : 20-10-10 The Hindu Compiled by Amresh Anjan
Mr Dheeraj Hinduja To Be Named As Ashok Leyland Chairman Mr Dheeraj Hinduja, son of Mr Gopichand Hinduja, will take over as the chairman of India's second largest truck maker Ashok Leyland Ltd or ALL, according to a source. He will replace the current chairman Mr R. J. Shahaney who has been with the company for more than two decades.
Source : 19-10-10 livemint.comCompiled by Amresh Anjan
No comments:
Post a Comment