IT Jobs Are Not Visa To US, Says NRN Infosys Technologies chairman Mr NR Narayana Murthy said companies should stop young employees from settling down in the United States. If this continues, it can kill the IT industry, he said, referring to the growing protectionist voices from the Barack Obama-led government. "All of us have to communicate to our youngsters that there are a lot of things happening in India. There are a lot of opportunities and they can make this a much better country by being here," he added. The statement comes just a few days before US President Mr Barack Obama's visit to the country.
Source : 27-10-10 in.biz.yahoo.com Compiled by Amresh Anjan
Teaching Is Not Un-COOL Any More, Thanks To Fat Salary Packages One of the most disliked professions till a few years ago, teaching is gradually becoming the most sought after career among the youth with the number of applications for the National Eligibility Test (NET) of the University Grants Commission (UGC) and other eligibility examinations for higher academic teaching showing a steady increase. The academicians said that the increase has been noted especially after the implementation of the new UGC Pay Commission recommendations. "Till 2009, the demand for the teaching profession was less. But after the introduction of the UGC pay scales, the number has increased magically, because the starting salary of a lecturer, according to the UGC scales, is Rs33,000 with all allowances," according to a professor.
Source : 27-10-10 DNA Compiled by Amresh Anjan
Mahindra Satyam Gets On A Recruitment Drive Mahindra Satyam has embarked on a recruitment drive to increase its headcount. The beleaguered firm, which saw huge "involuntary and voluntary'' attrition in the aftermath of former Satyam chairman Mr B. Ramalinga Raju's admission of financial fraud, is planning to hire a few thousands freshers while it has attracted talent from leading global brands for its mid and top level leadership teams in the recent past. Mahindra Satyam is buoyant over the prospects of integration with Tech Mahindra as the combined synergies of the two firms will help in attracting huge talent pool to the "scarce resources".
Source : 28-10-10 The Hindu Compiled by Amresh Anjan
TCS To Appoint 50% More Students For 2011-12 Tata Consultancy Services is planning to hire 50 per cent more students from campuses for 2011-12. For this fiscal, the IT company had offered jobs to 20,000 students across campuses. It will start visiting campuses from November. Mr Ajoy Mukherjee, vice-president and head, global human resources of TCS, said at the beginning of this financial year, they had predicted a hiring of 30,000 people and it was based on the visibility available during that quarter. The company, which posted an attrition rate of 14.1 per cent for the September quarter, is also planning to come up with employee retention measures.
Source : 25-10-10 Business Standard Compiled by Amresh Anjan
Apple Reveals Headcount Boost Apple Inc said it has increased its employee strength by more than one-third from last year, as it warned again that it expects its gross margin to drop in coming quarters. The company said it has 46,600 full-time employees as of September 25, up from 34,300 a year-ago and 32,000 in 2008. Most of the increase in numbers came in the retail segment, where Apple now has 26,500 employees, 10,000 more than in 2009. Apple has 317 retail stores, up from 273 a year ago.
Source : 28-10-10 DNA Compiled by Amresh Anjan
Raymond Proposes To Give Rs 303-cr VRS To Workers The 11-month long tussle between the management and workers of Raymond Limited comes to an end with a Rs 303-crore voluntary retirement scheme (VRS) settlement package. While Rs 150 crore, along with Rs 43 crore for legal dues, will be paid soon, the remaining Rs 110 crore will be given away after three years. "The Raymond factory, set up in 1925, had become unviable due to recession and increased costs. The management had initially offered a package of Rs 150 crore, but we have agreed to pay an additional Rs 110 crore. It is a deferred payment of three years," said chairman Mr Gautam Singhania.
Source : 23-10-10 Hindustan Times Compiled by Amresh Anjan
Panel Recommends Minimum Wages Under The Job Scheme The National Advisory Council, which is led by Ms Sonia Gandhi, has asked the government to ensure that over one crore workers enrolled under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) should get wages as per minimum wages applicable in different states. As of now, those enrolled in the job guarantee scheme in 19 states get wages less than what has been prescribed under the Minimum Wages Act, 1948.
Source : 31-10-10 Hindustan Times Compiled by Amresh Anjan
ITC workers call off strike Workers of ITC's Haridwar manufacturing facility called off their strike following an intervention by District Magistrate Mr R Meenakshi Sundram. "All the striking workers resumed work on Friday-Saturday and production has begun in the factory," Assistant Labour Commissioner Mr Vipin Kumar said. ITC had faced an unpleasant situation after various trade unions decided to extend help to these striking workers by holding a series of protest demonstrations at the Haridwar industrial estates where the factory is located.
Source : 25-10-10 Business Standard Compiled by Amresh Anjan
Unions Are Still In Vogue According to experts, communism, revolution or crippling strikes may be on the wane after two decades of economic reforms in India, but trade unions are relevant as before. Speaker after speaker at a conference, discussing "Effects of globalisation on trade unions" said unions were vital in representing the interests of employees as the economy aimed for higher growth. "However, the trade unions need to redefine their new role in the global economy and it would be better if they can be free from political affiliations and leadership, rather acting as a resistance," Mr Surinder Singla, former finance minister of Punjab, told the seminar.
Source : 24-10-10 Hindustan Times Compiled by Amresh Anjan
Americans Think Over Priorities In Life, Post Recession Job losses, home foreclosures and financial worries have encouraged Americans to reassess their values, including the significance of family and the emphasis they put on work. Most of them want a more balanced life with less stress and more time with loved ones. Florida State University studied the impact of the recession on their lives and priorities. Nearly half said the worst financial crisis since the 1930s had increased their appreciation of the family, and a similar number admitted it had helped them recognize the importance of people over things.
Source : 23-10-10 The Statesman Compiled by Amresh Anjan
Jobless Claims Fall In US Claims for jobless benefits surprisingly dropped last week to a three-month low, a sign the US labor market maybe starting to improve. Initial jobless claims dropped by 21, 000 to 434, 000 in the week ended October 23, the lowest since early July when fewer auto plants than normal closed for retooling, Labor Department figures showed in Washington.
Source : 29-10-10 Business Standard Compiled by Amresh Anjan
Ford Motor's Top Asia Executive To Assume Additional Role As Chairman Ford Motor announced that its top Asia executive, Mr Joe Hinrichs, will assume the additional role as chairman and CEO of its China operations, effective Nov 1, replacing Mr Rebert Graziano. He will succeed Mr Marin Burela as president and chief executive of Ford Australia and New Zealand, Ford said in a statement.
Source : 28-10-10 The Financial Express Compiled by Amresh Anjan
Essar Group Names Mr V Ashok As India CFO Essar Group has named Mr V Ashok as the CFO for its India operations, replacing VG Raghavan. Mr Ashok had joined Essar Shipping in 1997. He has over two decades of experience in finance, accounts and audit in the manufacturing and services sectors.
Source : 28-10-10 The Financial Express Compiled by Amresh Anjan
Oracle Financial Names Mr Chaitanya Kamat As MD & CEO Oracle Financial Services Software Ltd announced that the company has appointed MR Chaitanya Kamat, as the managing director and chief executive officer of the company. The company has accepted the resignation tendered by Mr NR Kothandaraman, its former managing director and chief executive officer as he decided to retire from the services of the company.
Source : 25-10-10 DNA Compiled by Amresh Anjan
DMA And IBA Announce The 2nd Mega HR Conclave DMA with IBA announces the 2nd Mega HR Conclave and the biggest ever gathering of HR professionals "3G Innovative HR Practices" on 18th November 2010 at Hotel Radisson Suites, Sushant Lok-1, Gurgaon. For registration and programme details, kindly contact Dr. Ekta Saxena on +919911941090 or mail her megahrconclave@gmail.com or visit www.megahrconclave2010.20m.com.
Source : 31-10-10 naukri.com Compiled by Amresh Anjan
IIM Ahmedabad Strategic Simulation Workshop For Hi-Performance Middle Managers IIM Ahmedabad's golden jubilee celebrations, Confluence 2010, the premier management institute's biggest business conclave, is conducting a strategic simulation workshop during Nov 26-28, 2010 for middle level managers. The workshop is focused on understanding cross-functional integration of decision making skills and business impact. It will be anchored by Prof. Chetan Soman, IIM A, and other IIM faculty and alumni, and will provide a real life feel of integrated management by combining the soft skills of leadership, people management and communication, with the hard skills of planning, forecasting, marketing, finance, and operations. For more details on the programme, please visit http://www.iimaconfluence.com/downloads/IIMA_SSW.pdf or http://enparadigm.com/wp-content/uploads/2010/11/PressRelease.jpg
Source : 30-11-99 naukri.com Compiled by Amresh Anjan
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