HR Articles: Feb-11 (Part-7)

For more article, Visit at : www.amreshanjan.co.cc   Top IT Firms Get On The Hiring Mode Indian Information and Technology (IT) sector seems to be getting back on track, with top player Infosys projecting up to 180,000 employees being hired by the five largest companies this year alone. "Growth is back and most companies are hiring in large numbers again. The top five companies are estimated to hire 160,000-180,000 new employees in the next 12 months," Infosys CEO Mr Kris Gopalakrishnan said. Such huge hiring activities were last seen by Indian IT companies in 2007, after which they had to cut back on hiring and even prune their existing employees to cope with the economic slowdown. "In 2008, the industry saw growth coming down to single digit. Most companies stopped hiring and expanding," Mr Gopalakrishnan said. More than 400,000 jobs were created by all the companies in 2007. However, it declined to 250,000 people in 2008 and further to 150,000 in 2009. Source : 24-01-11   Business Standard   Compiled by Amresh Anjan iGate CEO Rewarded With More Than Double CTC President and chief executive officer of iGate Corporation, Mr Phaneesh Murthy, who successfully led the company to acquire Mumbai-based IT and BPO services company Patni Computer Systems, has been rewarded with a more than two-fold growth in his annual compensation package. The company has announced hike in his annual basic salary from the present $530,000 million to $1 million, which along with the annual performance-based bonus opportunity of $500,000 million takes the total annual package to $1.5 million (about Rs 7 crore). Source : 25-01-11   Business Standard   Compiled by Amresh Anjan Unemployment Level Falls Marginally In South Asia: ILO South Asian countries, led by India, registered a rapid economic growth in 2010 and their unemployment rates fell marginally from the last year, according to the latest annual Global Employment Trends (GET) report of the International Labour Organisation (ILO). However, globally, it was a bad year for jobs for the third successive year. The annual employment trends survey points to a highly differentiated recovery in labour markets, with persistently high levels of unemployment in developed countries and employment growth along with continuing high levels of vulnerable employment and working poverty in developing regions. These trends set a stark contrast, with the recovery witnessed in various key macroeconomic indicators: Global GDP, private consumption, investment, and global trade and equity markets all recovered in 2010, surpassing pre-crisis levels, ILO said in its statement on the report. The report has called for expansion of wage employment and social safety nets and cited India's National Rural Employment Guarantee Scheme as a model for reducing the region's large work deficits, besides asking for less dependence on exports and reorientation of growth toward domestic consumption. Increasing social protection is significant for improving economic security and encouraging consumption, it said in its policy recommendations. Source : 25-01-10   Business Standard   Compiled by Amresh Anjan Google To Give Outgoing CEO $100 Million Equity Award Google Inc's CEO Mr Eric Schmidt is set to get a $100 million equity award as he hands over the chief executive officer job to co-founder Mr Larry Page. The award, which will include stock units and options will vest over four years and is Mr Schmidt's first such award since joining the company in 2001, a spokesperson said. Google said Mr Schmidt will take on the role of executive chairman in April and will be replaced as CEO by Google co-founder Mr Larry Page. Source : 24-01-11   reuters.com   Compiled by Amresh Anjan Europe Makes HR Clients Look At East The wage arbitrage advantage that India enjoys will take long to disappear, according to Mr Robert-Jan van de Kraats, CFO and Vice-Chairman of the Executive Board of Randstad Holding NV, a leading global provider of HR services. Not surprisingly, he felt that India offered an attractive opportunity for a company like Randstad. He said that the wage cost per hour in Europe is around euro 20, in Poland about euro 4 and in India as well as China even less than euro 2. According to him, the wage cost coupled with the fact that there was a huge shortage of skills in Europe made it imperative for clients to move towards the East. Source : 27-01-11   The Hindu   Compiled by Amresh Anjan BBC To Slash 650 Jobs After It Closes Five World Services The BBC World is to slash up to 650 jobs, after it announced the closure of its five international services - a move planned to save the corporation more than 46 million pounds a year. The five services to be axed are Albanian, Macedonian, Portuguese for Africa, and Serbian, as well as the English for the Caribbean regional service, according to a statement from the BBC World. BBC Global News director Mr Peter Horrocks said that the closures weren't a reflection on the performance of individual services, but were needed because of the scale of the cuts to its grant from the UK Foreign and Commonwealth Office. "It is simply that there is a need to make savings due to the scale of the cuts to the BBC World Service's Grant-in- Aid funding from the UK's Foreign & Commonwealth Office. We need to focus our efforts in the languages where there's the greatest need and where we've the strongest impact," he said. Source : 26-01-11   livemint.com   Compiled by Amresh Anjan Google Gets On A Hiring Spree Google Inc is all set to go on a hiring spree this year with the company planning to add over 6000 people around the world in one of the "biggest" workforce expansions in the history of the company. Senior Vice President of Engineering and Research Mr Alan Eustace said Google was "looking for top talent--across the board and around the globe." The company had added more than 4,500 workers in 2010 primarily in engineering and sales departments. The workforce expansion set for 2011 and said to the the "biggest hiring year in company history", will be more than the 6,100 workers Google had hired in 2007. Google plans to hire more than 1,000 workers in Europe alone this year. Google said it will recruit "as many smart, creative people as we can to tackle some of the toughest challenges in computer science: like building a web-based operating system from scratch, instantly searching an index of more than 100 million gigabytes and even developing cars that drive themselves." Source : 26-01-11   Hindustan Times   Compiled by Amresh Anjan L&T Mutual Fund Witnesses Top-Level Exits In just less than one-and-a half year of entering the asset management business, engineering and construction giant Larsen & Toubro (L&T) is feeling the heat of cut-throat competition in the domestic mutual fund (MF) industry. L&T MF, a unit of L&T Finance, has seen several senior-level exits in the past few months, as pressure mounts to collect assets in an industry with over 40 players. The latest to move out is Chief Marketing Officer Mr Mohit Sachdev, who has joined as Chief Executive Officer (CEO) of SREI Asset Management Company (AMC). In October last year, Mr Anish Shah, vice-president, finance and operations, had quit to join Deutsche Bank. In the past, Mr Deepak Mehta, national head, retail sales, put in his papers to join UTI AMC. In November last year, Mr Jude Abraham, who handled institutional sales for western and southern regions, joined Taurus MF as national head of institutional sales. Mr Rajesh Singh, also a part of the institutional sales team, left L&T MF, Mr Bajrang Bafna and Mr Dinesh Ahuja, who were managing equity and debt schemes, respectively, are also among those who have moved out of the AMC in the past few months. "The senior-level exits from L&T MF in the last few months could have been because of stiff sales targets and better job opportunities," said the CEO of a rival fund house. Source : 28-01-11   Business Standard   Compiled by Amresh Anjan Indian Corporate Houses Looking To Hire Foreign Managers Top firms in the country increase the ratio of foreign employees in their staff as they look to address protectionist lobbies and position themselves as 'job creators' in the markets they serve. Mahindra Group is hiring managers from overseas stating, it wants to master the complex technologies in their businesses ranging from automobiles to the making of aerospace. IT firms like Wipro, TCS, Infosys has always been hiring foreign employees at lower level. Globalization of the Mahindra Group has opened routes for Indian executives who were sent to the markets of U.S. and China. Mr Alberto Strazzary, an engineer who has worked in companies like BMW and Ducati, is heading a project to bring cutting edge design to Mahindra's two-wheeler business, which is dominated by giant rivals Hero Honda and Bajaj Auto for several years. Mr Peter Schmidt and Mr Gabriel Periotti have also been brought on board to make the technology meet European standards. The group has a total workforce of 1.17 lakh, out of which 9600 are non-Indians. Of its total revenues worth $7 billion, almost 10 percent come from global markets. While TCS aims to double its foreign workforce from the current one over the next few years, Infosys and Wipro could see non-Indians account for 10-15 percent of their total employee base in three to five years time, from around 5 percent now. Source : 24-01-11   siliconindia.com   Compiled by Amresh Anjan Companies Plan To Increase Hiring As Confidence Grows: PwC According to a survey by PricewaterhouseCoopers, companies worldwide plan to step up hiring in the next 12 months as confidence among chief executive officers rebounds to pre-crisis levels. Fifty-one percent of the CEOs plan to add jobs during the next year, compared with 39 percent a year ago, PwC said in its 14th Annual Global CEO Survey of 1,201 executives in 69 countries conducted in the final quarter of 2010. Sixteen percent of managers plan to axe their workforce, down from 25 percent last year. The rising confidence comes as the financial and economic elite gather this week in the Swiss ski resort of Davos for the annual meeting of the World Economic Forum. In the PwC poll, 48 percent of CEOs said they were "very confident" about growth in the next 12 months, compared with 31 percent last year, and approaching the 50 percent level reached in 2008 before the outbreak of the global economic crisis. "CEOs have emerged from the bunker mentality of surviving the recession," said Mr Dennis M. Nally, chairman of PwC International. Source : 25-01-11   bloomberg.com   Compiled by Amresh Anjan Hyderabad Likely To See Dip In Hiring In Jan-March A significant fall in hiring is likely to happen in Hyderabad during the January- March quarter as the net employment outlook (NEO) and net business outlook (NBO) are down by six and one percentage points respectively. NEO is the difference between the number of respondents reporting an increase in hiring and those reporting a decline. Similarly, NBO is the difference between the companies expecting better business and those that see it shrinking. Staffing services company Teamlease Services general manager Mr Sudeep Kumar Sen said Hyderabad was well below employment outlook index averages for five sectors. There was also no huge difference in hiring as employers were still cautious despite the improvement in the business outlook. Only IT and ITeS sectors were looking better. The NEO for the January-March quarter for Hyderabad dipped from 64 per cent to 58 per cent while the NBO was down to 79 per cent from 80 per cent in the previous quarter, according to a TeamLease report. Source : 28-01-11   Business Standard   Compiled by Amresh Anjan 80% Recruiters Anticipate New Jobs To Be Created In The First Half Of 2011 A survey conducted on 1000+ recruiters across India by Naukri.com revealed a buoyant hiring scenario in the first half of 2011. 80% recruiters predict addition of new jobs, 36% expect replacement hiring and only 2% of them anticipated layoffs. The overall sentiment has witnessed a change over the last two years. A similar survey in Jul-09 saw only 45% recruiters anticipating new jobs to be created. In Jul-10 the number grew to 73% indicating change in the outlook. 2011 has further brightened the employment picture in the country. Source : 30-01-11   Naukri.com   Compiled by Amresh Anjan Mr Vinod Dasari Appointed As Ashok Leyland's New MD In a move described as "planned transition", Ashok Leyland announced the appointment fo Mr Vinod Dasari as the company's Managing Director in the place of Mr R. Seshasayee, who has been promoted the company's Executive Vice-Chairman. Mr Seshasayee, who has been the face of Ashok Leyland for decades having served the company for the better part of his working life, will from April focus on "strategic initiatives towards globalisation of the company's operations," according to a press release from the company. He was made Managing Director of Ashok Leyland in 1998 and his present term expires on March 31. Mr Dasari joined Ashok Leyland in 2005, before which he was Joint Managing Director of Cummins India. He will take charge from April 1. Source : 24-01-11   The Hindu   Compiled by Amresh Anjan Ranbaxy CFO Mr Omesh Sethi Steps Down Drug maker Ranbaxy Laboratories said its president and chief financial officer Mr Omesh Sethi has resigned from the services of the company. "Omesh Sethi, president and chief financial officer has resigned from the services of the company, with effect from January 25, 2011," the drug maker said in a filing to the Bombay Stock Exchange (BSE). However, Ranbaxy Laboratories did not cite any reason for his exit, in the BSE filing. Source : 27-01-11   Hindustan Times   Compiled by Amresh Anjan DDB India Names Mr Anurag Tandon As VP - Account Management Mr Anurag Tandon has been named as the VP – Account Management of DDB India. He will take over the responsibility of handling DDB India's two major clients, Volkswagen and Hindustan Unilever's Lipton (Hot & Ice Tea). He joins DDB India from Rediffusion Y&R, where he worked for over 2 years, as Business Head. With over 12 years of experience in this field, working with some of the best organizations such as TBWA, Ogilvy and Leo Burnett, Mr Tandon has worked on brands such as Fiat, Bajaj Auto, Indian Oil, Colgate Palmolive, Marico, P&G, Nivea, Bajaj Allianz, Samsonite and Platinum Guild among others. Source : 24-01-11   Business Standard   Compiled by Amresh Anjan TME Mumbai Gets New General Manager TME has named Mr Chetan Ahuja as General Manager for its Mumbai operations. Previously, he was associated with Media Direction as its Media Director. Mr Ahuja has a total experience of around thirteen years in the media industry and has worked on brands like LIC, Nomura, Rasna, Siemens, Bajaj Auto, DSP Merrill Lynch, Parle, Pidilite and Mahindra Tractors, among others. He started his career with M: Ideas as a media planner and went on to work with JWT – Mediavision, Triton Communications, Interface Communications, India Today and the Bhaskar Group respectively. He was responsible for planning Marcomm activities, Tie-ups with media properties for his clients. In media houses like India Today Group and Bhaskar Group, he was responsible for the account planning for the entire group. Source : 28-01-11   bestmediainfo.com   Compiled by Amresh Anjan Lufthansa Announces The Appointment Of Mr Steffan Harbarth As VP - APAC German aviation major Lufthansa said it has named Mr Steffan Harbarth as its new Vice- President for the Asia-Pacific market which includes India. His appointment would be effective April 1 this year, according to a press release. In his new role, Mr Harbarth will manage and direct the sales, marketing and airport operations for Lufthansa Asia-Pacific, it said. He will report to Mr Jens Bischof, who will become a member of the Lufthansa German Airlines Board, Sales and Revenue Management, also effective April 1, 2011, the release said. Source : 29-01-11   news.in.msn.com   Compiled by Amresh Anjan

HR Articles: Feb-11 (Part-6)

For more article, Visit at : www.amreshanjan.co.cc   Naukri Job Speak Index For Dec-10 Grew By 20% Year On Year The Naukri Job Speak index for Dec-10 was at 928 as compared to 922 in Nov-10, thus indicating steady hiring levels and a positive sentiment among recruiters. Usually, December sees a dip in hiring owing to the end of year holiday season but this year apart from certain sectors which saw a downward trend in hiring activity, the scenario has been stable. Thus, in contrast to last year when a subdued mood pervaded in the employment scenario, this year has been one with increased confidence and companies have been buoyant about creating job opportunities and hiring the right talent. Source : 12-01-11   naukri.com   Compiled by Amresh Anjan USA Today Finds More Call Center Jobs In The Philippines As Compared To India Ms Kathy Chu of USA Today was on vacation in the Philippines when she realized how many people were employed by call centers. "As I started to look into the subject, I found that the Philippines was surpassing India in certain measures with its call centers," she says. "This news made the story timely to do." This resulted in a story co-written with Ms Michelle Yun that says, "The Philippines now leads India in call-center jobs, employing 350,000 compared with India's 330,000, according to the Contact Center Association of the Philippines, which represents the country's call-center operators. The association estimates that Philippines call centers produced $6.3 billion in revenue last year, and that the figure will grow 15% to 20% a year as multinationals increasingly set up shop here. By comparison, India's call centers likely generated $5.6 billion to $5.9 billion in revenue last year, according to Dallas-based advisory firm Everest Group." Source : 11-01-11   businessjournalism.org   Compiled by Amresh Anjan AI To Increase Its Employee Strength To tide over the present shortage of employees, Indian Airlines-Air India merger is planning to increase its cabin crew by 700. New hires will be a mix of trainees and experienced staff. "The need to hire emerged after we saw a shortage of crew. We will also need a lot of people for our expansion plans, with Delhi airport becoming our hub," according to an Air India official, who did not wish to be identified. Air India has 3,200 cabin crew and a negligible attrition rate. The national carrier is planning to expand domestic operations by connecting small towns using smaller aircraft and may even revive the defunct Vayudoot. Source : 12-01-11   Business Standard   Compiled by Amresh Anjan Salary Is Not Key To Happiness: UK Survey According to a recent survey, holding a job is more important to people than how much they are paid. The Office for National Statistics (ONS) analysed responses from more than 2,000 people to David Cameron's initiative to measure London's wellbeing. The emerging results revealed that job security, personal health and relationships with family members were at the top of most people's concerns, and were cited by nine out of 10 of those responding to the ONS consultation. Other crucial ingredients of a happy life were parents' sense of security of their children's future, with couples keen that their children have a good life and a nice place to live; the freedom of society; and spiritual and religious beliefs. Respondents were more likely to rate having a job as more important to them than being paid a high salary. Source : 10-01-11   DNA   Compiled by Amresh Anjan MySpace Slashes Staff By 47% To Pare Losses MySpace is slashing 47 per cent of its staff amid reports that owner News Corp is preparing the social-networking website for a possible sale. The company is firing about 500 employees in a broad restructuring across all of its operations. Source : 13-01-11   Business Standard   Compiled by Amresh Anjan It's Time To Bring Back Indian Talent To address the country's acute skill shortage, the Prime Minister's Office (PMO) has decided to unveil an action plan to groom second-generation overseas Indians for a reverse brain drain. A panel of global Indian leaders including PepsiCo chief Ms Indra Nooyi and Arcelor-Mittal chairman Mr LN Mittal will draw up a blueprint in his regard. The decision was taken January 8 when a delegation of industry and academic heads, including noted economist Mr Amartya Sen and the first India-born McKinsey chief Mr Rajat Gupta met Prime Minister Mr Manmohan Singh to discuss ways to attract bright talent back to the country. As per PM's direction, Mr Sen, Mr Gupta and other members of the Global Advisory Council for Overseas Indians would meet by the end of the year to make suitable recommendations. Source : 13-01-11   The Financial Express   Compiled by Amresh Anjan Cognizant Plans To Hire In Europe, Asia US-based Cognizant Technologies is aggressively ramping up its hiring target in Europe, Asia, South America and Australia. The company, which has its largest operations in Chennai, has ramped up its Phoenix delivery centre in the US from 500 to 1,000 employees. Besides the Phoenix delivery centre, Cognizant operates an enterprise analytics centre in New Jersey, a global Network Operations Center (NOC) in Massachusetts that supports Cognizant's IT Infrastructure services business, and delivery centers in Arkansas and Illinois that provide application development and maintenance, testing, and packaged software implementation services. Other rapidly growing North American locations include delivery centers in Canada and Mexico. Out of the global 1 lakh workforce, 17,000 people are from North America. For the company, the Indian delivery centre holds the distinction of having 75,000 people out of the total 100,000-odd global workforce. "We are proud to have grown to 100,000 employees in just 16 years, with over 17,000 professionals in North America. We are making substantial North American investments in people, facilities, systems, and processes to meet continued strong demand for our services," said Mr Gordon Coburn, chief financial and operating officer at Cognizant. Source : 13-01-11   The Financial Express   Compiled by Amresh Anjan Car Makers Plan To Hire More Research Employees Car makers plan to add more research and development (R&D) personnel from India and abroad as they seek to bolster capacity and capitalize on India's booming automotive market. While General Motors India hopes to hire locally, Maruti Suzuki India Ltd and Mahindra and Mahindra Ltd (M&M) have mapped out plans to also hire fresh talent from the US and Europe, where the auto market has slowed. These recruitments will tie in with manufacturers' plans to boost capacity in coming years. India's vehicle market is expected to see strong growth across all segments by 2020, according to the Automotive Component Manufacturing Association of India-Ernst and Young Vision 2020 study. Source : 11-01-11   indianinfoline.com   Compiled by Amresh Anjan JPMorgan To Go On A Hiring Spree JPMorgan Chase & Co, a top financial services firm, opened its new global service centre in Hyderabad and plans to triple its staff strength at the facility from the present 500 odd in the next two years, as per sources. "The current employee strength of 500 here will be doubled by the next year and will be tripled in the next two years," sources revealed on condition of anonymity. At present, JP Morgan's India operations are headquartered in Mumbai with offices in Delhi as well as three global service centres spread across Mumbai and Bangalore employing over 10,000 people. Source : 12-01-11   expressindia.com   Compiled by Amresh Anjan Foreign Job Seekers Prefer Indian Cos Less, Says A Survey Domestic companies might be the most preferred by job seekers in India but for those in foreign shores, Indian entities seem to be the least favoured employer, as per a survey. "Job seekers from India rated Indian companies most positively, with a preference rating of 87 per cent... However Indian companies come last outside India; their preference rating drops to just 22 per cent," according to global HR consulting and outsourcing firm Aon Hewitt. The findings are based on a survey of about 13,500 job seekers spread across five Asian nations, including India. The participants were asked about their perception of companies from India and 11 other countries. Aon Hewitt Consulting Asia Pacific's Regional Practice Leader (Leadership Practice) Mr Ajay Soni said that top Indian companies would often personalize their HR programs to align with the unique employee needs in India and faster economic growth helps companies here to offer faster career track to their employees than elsewhere. Source : 12-01-11   Business Standard   Compiled by Amresh Anjan India Inc Looks To Hire Working Mothers In '11 A recent survey has revealed that 56 per cent of Indian companies plan to hire mothers on a part-time basis this year that are aiming for a work culture that helps balance work and family responsibilities. This is higher than 36 per cent of global companies, which ploan to hire mothers in 2011, a study undertaken by Regus Plc said. Indian firms' hiring intentions register far above global average, with 56 per cent of business leaders saying that they would recruit mothers into their workplaces on a part-time basis on account of accelerating economic growth and brightening of employment prospects. This figure is down however, from 64 per cent a year ago, even as 43 per cent of Indian companies plan to add staff overall. Savvy businesses' are already using flexible work arrangement to integrate these valuable assets, providing a family friendly and at the same time more productive work environment simply by allowing employees to work alternative hours or closer to home, according to Regus (India) country-head, Mr Madhusudan Thakur. Source : 13-01-11   Deccan Chronicle   Compiled by Amresh Anjan More Employees Leave Infosys Than Its Total Hiring In December During the October-December quarter, Infosys Technologies lost more employees than its net hiring. While the company appointed 11,067 employees in the third quarter this fiscal, nearly 5,756 exited the organisation during the same period, taking the net addition to 5,311, the company said. The attrition rate has gone up to 17.5 per cent by December from 11.6 per cent in like period year-ago, Infosys said in a statement. It was at 17.01 per cent at the end of the previous quarter (September). However, as per the statement, the company's attrition rate (last 12 months (LTM) basis) stood at 17.5 per cent in the third quarter of this fiscal compared to 17.1 per cent in the preceding quarter. Infosys CFO SD Shibulal added, "After the slowdown attrition went up. But now this has stabilised and is not that big a concern. The industry has always been able to manage it." Source : 13-01-11   ibnlive.in.com   Compiled by Amresh Anjan Nokia Siemens To Add 800 Employees At Chennai Centre Nokia Siemens Networks plans to increase staff strength at its Global Network Solutions Centre (GNSC) in Chennai to 1,800 from 1,000 by the end of 2011 to meet growing demand. It also announced the expansion of the centre by relocating activities to a bigger facility at Navalur, near Chennai. Source : 14-01-11   Business Standard   Compiled by Amresh Anjan Companies Dole Out Joining Bonus To Woo Talent Vying for the right talent, many firms are wooing prospective employees with joining bonuses, which is generally more than 10 per cent of their overall cost to company, according to HR experts. After the slowdown, hiring activities have gained momentum in recent times, especially with companies' envisaging mega expansion plans. "Companies are offering joining bonus as demand for skilled workforce is high, at times there are crucial positions to be filled for which companies cannot wait to get people on board," executive search firm GlobalHunt India's Director Mr Sunil Goel said. The trend of joining bonuses is more seen in sectors such as BFSI (Banking, Financial Services and Insurance), IT/ITeS, Services, Power, Energy and Infrastructure, the experts said. "The main reason for offering joining bonus is to ensure that the company gets the right talent at the right time... In some cases, it helps compensate for a slightly lower than expected CTC, from a candidate perspective," recruitment firm TeamLease Service's Vice President Ms Surabhi Mathur Gandhi said. Joining bonuses is estimated to be in the range of 10 to 20 per cent of the employee's Cost To Company (CTC). Source : 16-01-11   Business Standard   Compiled by Amresh Anjan Jaguar Gets 14,000 Applicants For 1,500 Jobs Jaguar Land Rover Ltd, the U.K.- based luxury-car unit of India's Tata Motors Ltd, got a whopping response of 14,000 applications for 1,500 new jobs at its Halewood plant, the Press Association reported. The new positions at the factory, based near Liverpool in northwest England, are to aid the production of the new Range Rover Evoque model, the U.K. news agency said, citing Mark Pennifold, the company's human resources manager. Jaguar Land Rover in October said it had set an internal target to increase production to half-a-million vehicles a year and would continue to operate all three of its U.K. plants. Source : 15-01-11   bloomberg.com   Compiled by Amresh Anjan New Chiefs Appointed For Four Tata Cos From Feb 1 Four companies of the $72-billion Tata Group—Tata Power, Tata Teleservices (TTSL), Tata Teleservices (Maharashtra) Ltd (TTML) and Tata Communications (Tata Comm)— will have new executives from February 1. Mr Anil Kumar Sardana, managing director (MD) of TTSL as well as TTML, has been named as the MD of Tata Power effective February 1. Mr Prasad R Menon, the current MD of Tata Power, retires on January 31. In the meantime, Mr Srinath Narasimhan (N Srinath) who is currently MD & CEO, Tata Comm (formerly VSNL), will take over the reins of TTSL and TTML effective February 1 as their MD. Mr Vinod Kumar will take over from Mr Srinath, who is currently Tata Comm's president and CEO. Source : 14-01-11   The Financial Express   Compiled by Amresh Anjan Mr Ahuja Appointed As Head Of SBI's Consumer Banking In UK A senior NRI banking expert Mr Deepak Ahuja has been appointed by the State Bank of India, UK, as its head of Consumer Banking. He was earlier working as the head of NRI banking of Barclays Plc - Europe. Prior to this, he has worked as a Vice President at Citibank, UK, marketing head at ICICI Bank UK, Marketing manager in the UK at Zee and UK Relationship manager at American Express in Mumbai. "SBI has a unique brand value and brand franchise within the Indian community. Most important, people trust SBI - that is a predominant factor. It is going to be pretty interesting. SBI bank in the UK is going to be a major player in various aspects of banking, particularly retail banking," said Mr Ahuja. Source : 14-01-11   Business Standard   Compiled by Amresh Anjan Google Appoints Former Microsoft India Managing Director As New India Chief Google has named Mr Rajan Anandan, previously managing director of Microsoft's India unit, as head of its India operations effective immediately. Mr Anandan will replace Mr Shailesh Rao, Google said in a statement. Mr Rao, who was earlier handling dual roles -one as India operations head and the other as managing director of media and platform sales for Japan and Asia-Pacific, will now handle the latter role full-time, the company added. Source : 11-01-11   DNA   Compiled by Amresh Anjan Sistema Shyam Gets New COO Sistema Shyam TeleServices Ltd (SSTL) has named Mr Shankar Bali as the chief operating officer of Delhi NCR and Haryana circle. He will be responsible for further stimulating the business growth for the company in the region, according to a press release. An industry veteran of over 21 years including more than 17 years in the telecom sector, he has been Hutch's chief executive officer for Sri Lanka. Source : 11-01-11   ciol.com   Compiled by Amresh Anjan Ms Puri-Buch To step Down At ICICI group High-profile investment banker Ms Madhabi Puri-Buch may quit as managing director & CEO of ICICI Securities soon. "Buch is likely to quit the ICICI group for personal reasons," said a knowledgeable source. The management graduate from IIM-Ahmedabad has been associated with the ICICI group for over 15 years. She is likely to be replaced by Mr Anup Bagchi, executive director at ICICI Securities, sources revealed. Source : 11-01-11   Business Standard   Compiled by Amresh Anjan

HR Articles: Feb-11 (Part-5)

For more article, Visit at : www.amreshanjan.co.cc   SC/STs Missing In Pvt Sector Jobs, Reveals India Inc's First Caste Census The first-ever caste census of India Inc's human resources has shown that the ratio of Scheduled Caste and Scheduled Tribe employees in the private sector in some of the most industrialised states of the country hardly reflects their strength in the general population of those states. The only exception is Tamil Nadu, which ranks number one in industrialization and employment (by number of factories and persons, as per the Annual Survey of Industries 2008-09). SCs/STs account for almost 18 per cent of the industrial workforce and 20 per cent of the state's population. In sharp contrast are some of the other most industrialised states such as Maharashtra, Gujarat, Karnataka, Madhya Pradesh, Rajasthan and West Bengal, which reveal a sharp mismatch between SCs/STs as a percentage of the total workforce in the private sector and as a percentage of the states' total population. Living under the constant threat that the government may reserve jobs in the private sector as part of its inclusive growth agenda, the Confederation of Indian Industry, the country's largest industry chamber, undertook a caste census of its members spread across 22 states and Union territories. Covering 8,250 members of the CII, together employing 35 lakh people, it gives a flavour of the manpower mix in India Inc. Source : 19-01-11   The Indian Express   Compiled by Amresh Anjan TCS Gets On A Hiring Spree Tata Consultancy Services (TCS) announces its plans to hire 37,000 professionals for its domestic and overseas markets through campus placements in the next financial year. "We plan to hire 37,000 professionals through campus recruitments in FY 12. We have so far visited 171 institutions pan-India," TCS Head (Global Human Resources), Mr Ajoyendra Mukherjee, said. The company had hired 27,500 professionals through campus recruitment last year. Source : 18-01-11   oneindia.in   Compiled by Amresh Anjan Cognizant Plans To Add 25, 000 Professionals To Its Headcount Cognizant indicated its plans to add another 25,000 to its existing Indian headcount in the 2011 calendar year in keeping with the trend in the previous year. "We are looking to hire as good as last year," Mr R. Chandrasekaran, president and managing director (global delivery) at Cognizant, said. In 2010, the company added around 25,000 associates in India. It has over one lakh professionals working all over the world. Source : 19-01-10   The Telegraph   Compiled by Amresh Anjan Get ready, Air India Is Hiring Now! National carrier, Air India is looking for young men and women for its plans to increase flights from the Delhi Airport. Currently, the airline operates more than 700 flights every week from the Indira Gandhi International Airport. By the end of March, when the summer schedule begins, this number would go up to at least 1,000. The airline plans to induct and train 200 new customer service agents to man its counters before the flights increase. Learning from its mistakes, the national carrier wants to have enough manpower at Terminal3 of the international airport when the number of passengers increases. The decision to shift its domestic flights to T3 in November last year and also increase flights at the same time resulted in utter chaos. The shift and increase in flights happened around Diwali, when a large number of cabin crew and other staff were on leave in Delhi. The result was flight delays and many cases of missing baggage. To handle the problem, it had to look for experienced professionals in a hurry. Source : 18-01-11   Hindustan Times   Compiled by Amresh Anjan Government To Create More Jobs For Dentists The government is planning to create more job opportunities for dental professionals to provide employment to fresh graduates in the field, Health and Family Welfare Minister Ghulam Nabi Azad said. "India is number one in the world to have so many dental colleges, both in private and government sector. Every year, around 20,000 students pass out from these colleges. This area would certainly get saturated at one point, so we have to find more ways and means to create more employment opportunities," he said. "We are planning to create more job opportunities for dentists in the hospitals at districts and block levels. Our health ministry is trying to formulate plans about how to absorb dentists at the lower level. It will be a win-win situation for everyone and will take care of the problem of educated unemployment in the country," he added. He also emphasised the vast scope of dentistry in the country. Source : 17-01-11   sify.com   Compiled by Amresh Anjan Salaried Taxpayers Likely To Be Spared Filing Returns Salaried taxpayers with no other income are likely to get a respite from filing tax returns. The income-tax (I-T) department is open to examining a proposal to exempt them from the annual chore. Asked whether the department would think about doing away with income-tax returns for employees, who had no other income apart from salaries in a financial year, Central Board of Direct Taxes (CBDT) Chairman Mr Sudhir Chandra said the department would definitely consider the proposal. He agreed that for a substantial chunk of salaried employees, savings bank interest is the only additional income and that in most cases, this is not substantial. This proposal, if approved, will benefit a large section of people and would reduce the I-T department's workload significantly. Of the country's 35 million taxpayers, almost half are salaried employees. Source : 19-01-11   Business Standard   Compiled by Amresh Anjan UBS Changes Its Much-Mocked Dress Code Swiss bank UBS is changing its dress code after getting bluntly mocked for suggesting employees wear skin-colored under garments and avoid garlic breath. The bank says it is whittling down its 44-page style guide to a more modest booklet that will concentrate on how to impress customers with a polished presence and a sense of Swiss precision. Mr Andreas Kern, the bank's spokesperson, said it is "reviewing what is important to us." The original code instructed women how to apply makeup and which perfume to wear. Men were told how to knot a tie and to avoid unruly beards, garlic breath and earrings. Mr Kern declined to say if the revised dress code will still suggest skin-colored under garment for women and wristwatches for all to signal trustworthiness and punctuality. Source : 17-01-11   businessweek.com   Compiled by Amresh Anjan ISB Student Offered Annual Salary Of Rs 39 lakh The Indian School of Business (ISB), Hyderabad, has so far witnessed the highest domestic job offer on its campus at Rs 39 lakh from a private equity firm, recruiters familiar with the development said. The highest domestic offer made last year was of Rs 40 lakh. "The final placements process began over the weekend and two companies offered a package above Rs 30 lakh per annum," said a source familiar with the development. ISB follows a rolling placement process, which will go on till May. It has began its final placements. Source : 20-01-11   Business Standard   Compiled by Amresh Anjan Fresh LSR Graduate Takes Away 32L/Yr Job If you thought getting an MBA from top college was the only sure-shot way of raking in the moolah, think again. Surprisingly, undergraduates in top colleges are being snapped up by multinationals at salaries that would do MBAs proud. Deutsche Bank recently offered a BA (Honours) economics student from Lady Shri Ram College a posting in London at an annual package of Rs 32 lakh. It has also shortlisted a BCom student from Shri Ram College of Commerce for a job with a similar package. A large number of students at Narsee Monjee College had job offers in the range of Rs 8 lakh per annum, said college principal Mr Sunil Mantri. After all, close to 80% of the students complete their CA along with their graduation. MOP Vaishnav College for Women, Chennai, said, "The placement scenario has been very encouraging this year. Companies like Standard Chartered, Scope International and Deloitte, the international audit firm, came for recruitment this year. Ford hired students for marketing and financial jobs. Google took in students from Visual Communication because they have multimedia experience and also for content writing. World Bank and Goldman Sachs hired students for back office work. Since it was difficult to find chartered accountants for financial jobs, she added that companies preferred to hire BCom graduates and train them." Source : 20-01-11   caclubindia.com   Compiled by Amresh Anjan Mr Vayalar Ravi Reaches Out To Air India Staff Though he is new to Aviation, the appointment of Mr Vayalar Ravi as India's civil aviation minister has raised high hopes in the sector particularly among Air India (AI) employees. In an attempt to reach out to AI employees, Mr Ravi, who took charge from Praful Patel, sought their support to restore the lost glory of the flag carrier. "It is my duty to talk to employees and I will do that. To make the services better, to improve working conditions and to make it profitable we need the full support of all workers," Mr Ravi said. He said he would call all AI union leaders personally and speak to them. "They should know that the ministry is concerned about them. There shouldn't be a feeling of alienation. I solicit their cooperation. I am here to hear them and seek their cooperation." The minister made it clear that he would carry forward with the policies and programmes initiated by Mr Patel. "I will not tamper with existing systems," he new minister said. Source : 20-01-11   Hindustan Times   Compiled by Amresh Anjan Sony Plans To Hire More Foreign Graduates To remain competitive against foreign rivals, Sony said it will increase the number of foreign graduates it hires by 2013 as it tries to tap a wider talent pool. The move comes with Japanese companies, which have historically favoured choosing their workforce at home, increasingly looking abroad for labour while also seeking new growth markets amid falling domestic demand. The company said it aimed to employ 30% of its graduates from overseas by fiscal 2013, more than double the 14% slotted to be taken on in the financial year from April. The announcement follows the success of Sony's recent efforts to attract more Chinese and Indian college graduates, said Sony spokeswoman Ms Ayano Iguchi. "In China and India, so many students are enrolled in science and engineering departments. The number far exceeds the number available in Japan," Ms Iguchi said. "We have long operated in foreign markets and hired talented individuals regardless of their nationalities. But as of late, we have faced an issue of acquiring brilliant engineers," she said. Just like their Japanese peers, newly hired foreigners would first work in Japan before the best candidates are groomed for future managerial roles, she added. Source : 20-01-11   mysinchew.com   Compiled by Amresh Anjan Citi Rewards Mr Vikram Pandit With A Hefty Hike Mr Vikram Pandit, who has steered the once-battered Citigroup into profitability, has been rewarded with a huge hike. This has pushed up his annual salary to USD 1.75 million. India-origin Mr Pandit, who has been at the helm of Citi for over three years, in 2009 decided to take home a base salary of just USD 1 till the banking behemoth returned to profits. The bank has increased the annual base salary of the company chief from USD 1 to USD 1.75 million with immediate effect. Appreciating Mr Pandit's efforts in bringing the crisis-ravaged Citi back on track, Chairman Mr Richard Parsons said the board was very pleased with the company's performance under his leadership. Source : 23-01-11   news.in.msn.com   Compiled by Amresh Anjan Coca Cola To Increase Hiring In India By 9 Per Cent In 2011 The Indian arm of Coca Cola plans to hire around 600 workforce this year, which accounts for around nine per cent of the existing employees, a top company executive said. "We are looking at recruiting around 600 employees in our India operations this calendar year," Hindustan Coca Cola Beverages Vice President (HR) Mr P. V. Ramana Murthy said. The recruitment would be made across all levels, including management trainees, he said. The company's current head-count stands at 6,500, which will be increased to around 7,100 this year, Mr. Murthy added. Source : 23-01-11   The Hindu   Compiled by Amresh Anjan Mr Anand Sinha Named As RBI Deputy Governor Mr Anand Sinha, who is presently an executive director of the Reserve Bank of India, has finally been promoted as the deputy governor of the central bank. The finance ministry notified Mr Sinha's appointment. Mr Sinha, 59, who would have retired as ED after reaching 60 by February-end, has been given a two-year extension as the deputy governor. Mr Sinha has managed some of the most important departments like banking operations and supervision and helped in shaping the paper on entry norms for new private and foreign banks. Source : 19-01-11   indianexpress.com   Compiled by Amresh Anjan Mr Sanjib Dey Appointed As Law & Kenneth COO Mr Sanjib Dey has been recently named as the chief operating officer by Law & Kenneth India. Mr Dey, who was earlier president, Saatchi & Saatchi, will be based in Delhi, and will report to Mr Anil Nair, chief executing officer and managing partner, Law & Kenneth India. His job will be to largely expand the operations in Delhi and take care of all the brands the agency has. He has worked with brands such as Bharat Petroleum, Hyundai, Mother Dairy, Tata Tea, Panasonic, Radico Khaitan's 8 PM and Magic Moments, Sony Handycam, Revital, Aviva Life Insurance and Pepfiz. He is an alumnus of Mudra Institute of Communications, Ahmedabad (MICA). Source : 19-01-11   afaqs.com   Compiled by Amresh Anjan Aditya Birla Money Gets New MD Aditya Birla Money (ABML), the broking arm of Aditya Birla Financial Services Group (ABFSG), has named Mr Sudhakar Ramasubramanian as its new Managing Director. Ramasubramanian, who will take charge on February 1,will also look at the operations of Aditya Birla Money Mart(ABMM), a press release said. He joined ABFSG in March 2009 from the Aditya Birla Group, where he worked in various functions including corporate strategy since 1996. Initially, he was appointed Executive Director of ABML to manage its overall operations and drive the post-merger integration of ABML into the ABFSG fold. In January 2010 he moved to ABFL as CEO. "In this new role, Mr Sudhakar will be responsible to take the business to a new trajectory, by expanding our product range and business lines, and building strong risk and compliance management processes to cater to our wealth, retail and institutional customers," the Group''s Chief Executive -Financial Services, Mr Ajay Srinivasan, said. Source : 20-01-11   news.oneindia.in   Compiled by Amresh Anjan Indusind Bank Re-Names Mr Romesh Sobti As Managing Director & CEO Indusind Bank Ltd announced that Reserve Bank of India has conveyed their approval for the re-appointment of Mr. Romesh Sobti as Managing Director & CEO of the Bank for a further period of three years w.e.f. February 01, 2011. Source : 19-01-11   equitybulls.com   Compiled by Amresh Anjan Mr TK Kurien Is The New CEO Of Wipro IT major Wipro announced on Friday, Jan 21 the appointment of its new chief executive officer (CEO) Mr TK Kurien. He is currently serving as the chief executive of Wipro's eco-energy division, a new initiative launched early this financial year. The Chairman of Wipro, Mr Azim Premji said, "The joint chief executive structure was one of the key factors that successfully helped us navigate the worst economic crisis of our times." The present two joint chief executives Mr Girish Paranjpe and Mr Suresh Vaswani will step down by Feb 1 and were both considered a key part in the leadership hierarchy at Wipro. They have associated with Wipro since the last two decades. Source : 21-01-11   oneindia.in   Compiled by Amresh Anjan

HR Articles: Feb-11 (Part-4)

For more article, Visit at : www.amreshanjan.co.cc   Naukri Job Speak Index For Dec-10 Grew By 20% Year On Year The Naukri Job Speak index for Dec-10 was at 928 as compared to 922 in Nov-10, thus indicating steady hiring levels and a positive sentiment among recruiters. Usually, December sees a dip in hiring owing to the end of year holiday season but this year apart from certain sectors which saw a downward trend in hiring activity, the scenario has been stable. Thus, in contrast to last year when a subdued mood pervaded in the employment scenario, this year has been one with increased confidence and companies have been buoyant about creating job opportunities and hiring the right talent. Source : 12-01-11   naukri.com   Compiled by Amresh Anjan USA Today Finds More Call Center Jobs In The Philippines As Compared To India Ms Kathy Chu of USA Today was on vacation in the Philippines when she realized how many people were employed by call centers. "As I started to look into the subject, I found that the Philippines was surpassing India in certain measures with its call centers," she says. "This news made the story timely to do." This resulted in a story co-written with Ms Michelle Yun that says, "The Philippines now leads India in call-center jobs, employing 350,000 compared with India's 330,000, according to the Contact Center Association of the Philippines, which represents the country's call-center operators. The association estimates that Philippines call centers produced $6.3 billion in revenue last year, and that the figure will grow 15% to 20% a year as multinationals increasingly set up shop here. By comparison, India's call centers likely generated $5.6 billion to $5.9 billion in revenue last year, according to Dallas-based advisory firm Everest Group." Source : 11-01-11   businessjournalism.org   Compiled by Amresh Anjan AI To Increase Its Employee Strength To tide over the present shortage of employees, Indian Airlines-Air India merger is planning to increase its cabin crew by 700. New hires will be a mix of trainees and experienced staff. "The need to hire emerged after we saw a shortage of crew. We will also need a lot of people for our expansion plans, with Delhi airport becoming our hub," according to an Air India official, who did not wish to be identified. Air India has 3,200 cabin crew and a negligible attrition rate. The national carrier is planning to expand domestic operations by connecting small towns using smaller aircraft and may even revive the defunct Vayudoot. Source : 12-01-11   Business Standard   Compiled by Amresh Anjan Salary Is Not Key To Happiness: UK Survey According to a recent survey, holding a job is more important to people than how much they are paid. The Office for National Statistics (ONS) analysed responses from more than 2,000 people to David Cameron's initiative to measure London's wellbeing. The emerging results revealed that job security, personal health and relationships with family members were at the top of most people's concerns, and were cited by nine out of 10 of those responding to the ONS consultation. Other crucial ingredients of a happy life were parents' sense of security of their children's future, with couples keen that their children have a good life and a nice place to live; the freedom of society; and spiritual and religious beliefs. Respondents were more likely to rate having a job as more important to them than being paid a high salary. Source : 10-01-11   DNA   Compiled by Amresh Anjan MySpace Slashes Staff By 47% To Pare Losses MySpace is slashing 47 per cent of its staff amid reports that owner News Corp is preparing the social-networking website for a possible sale. The company is firing about 500 employees in a broad restructuring across all of its operations. Source : 13-01-11   Business Standard   Compiled by Amresh Anjan It's Time To Bring Back Indian Talent To address the country's acute skill shortage, the Prime Minister's Office (PMO) has decided to unveil an action plan to groom second-generation overseas Indians for a reverse brain drain. A panel of global Indian leaders including PepsiCo chief Ms Indra Nooyi and Arcelor-Mittal chairman Mr LN Mittal will draw up a blueprint in his regard. The decision was taken January 8 when a delegation of industry and academic heads, including noted economist Mr Amartya Sen and the first India-born McKinsey chief Mr Rajat Gupta met Prime Minister Mr Manmohan Singh to discuss ways to attract bright talent back to the country. As per PM's direction, Mr Sen, Mr Gupta and other members of the Global Advisory Council for Overseas Indians would meet by the end of the year to make suitable recommendations. Source : 13-01-11   The Financial Express   Compiled by Amresh Anjan Cognizant Plans To Hire In Europe, Asia US-based Cognizant Technologies is aggressively ramping up its hiring target in Europe, Asia, South America and Australia. The company, which has its largest operations in Chennai, has ramped up its Phoenix delivery centre in the US from 500 to 1,000 employees. Besides the Phoenix delivery centre, Cognizant operates an enterprise analytics centre in New Jersey, a global Network Operations Center (NOC) in Massachusetts that supports Cognizant's IT Infrastructure services business, and delivery centers in Arkansas and Illinois that provide application development and maintenance, testing, and packaged software implementation services. Other rapidly growing North American locations include delivery centers in Canada and Mexico. Out of the global 1 lakh workforce, 17,000 people are from North America. For the company, the Indian delivery centre holds the distinction of having 75,000 people out of the total 100,000-odd global workforce. "We are proud to have grown to 100,000 employees in just 16 years, with over 17,000 professionals in North America. We are making substantial North American investments in people, facilities, systems, and processes to meet continued strong demand for our services," said Mr Gordon Coburn, chief financial and operating officer at Cognizant. Source : 13-01-11   The Financial Express   Compiled by Amresh Anjan Car Makers Plan To Hire More Research Employees Car makers plan to add more research and development (R&D) personnel from India and abroad as they seek to bolster capacity and capitalize on India's booming automotive market. While General Motors India hopes to hire locally, Maruti Suzuki India Ltd and Mahindra and Mahindra Ltd (M&M) have mapped out plans to also hire fresh talent from the US and Europe, where the auto market has slowed. These recruitments will tie in with manufacturers' plans to boost capacity in coming years. India's vehicle market is expected to see strong growth across all segments by 2020, according to the Automotive Component Manufacturing Association of India-Ernst and Young Vision 2020 study. Source : 11-01-11   indianinfoline.com   Compiled by Amresh Anjan JPMorgan To Go On A Hiring Spree JPMorgan Chase & Co, a top financial services firm, opened its new global service centre in Hyderabad and plans to triple its staff strength at the facility from the present 500 odd in the next two years, as per sources. "The current employee strength of 500 here will be doubled by the next year and will be tripled in the next two years," sources revealed on condition of anonymity. At present, JP Morgan's India operations are headquartered in Mumbai with offices in Delhi as well as three global service centres spread across Mumbai and Bangalore employing over 10,000 people. Source : 12-01-11   expressindia.com   Compiled by Amresh Anjan Foreign Job Seekers Prefer Indian Cos Less, Says A Survey Domestic companies might be the most preferred by job seekers in India but for those in foreign shores, Indian entities seem to be the least favoured employer, as per a survey. "Job seekers from India rated Indian companies most positively, with a preference rating of 87 per cent... However Indian companies come last outside India; their preference rating drops to just 22 per cent," according to global HR consulting and outsourcing firm Aon Hewitt. The findings are based on a survey of about 13,500 job seekers spread across five Asian nations, including India. The participants were asked about their perception of companies from India and 11 other countries. Aon Hewitt Consulting Asia Pacific's Regional Practice Leader (Leadership Practice) Mr Ajay Soni said that top Indian companies would often personalize their HR programs to align with the unique employee needs in India and faster economic growth helps companies here to offer faster career track to their employees than elsewhere. Source : 12-01-11   Business Standard   Compiled by Amresh Anjan India Inc Looks To Hire Working Mothers In '11 A recent survey has revealed that 56 per cent of Indian companies plan to hire mothers on a part-time basis this year that are aiming for a work culture that helps balance work and family responsibilities. This is higher than 36 per cent of global companies, which ploan to hire mothers in 2011, a study undertaken by Regus Plc said. Indian firms' hiring intentions register far above global average, with 56 per cent of business leaders saying that they would recruit mothers into their workplaces on a part-time basis on account of accelerating economic growth and brightening of employment prospects. This figure is down however, from 64 per cent a year ago, even as 43 per cent of Indian companies plan to add staff overall. Savvy businesses' are already using flexible work arrangement to integrate these valuable assets, providing a family friendly and at the same time more productive work environment simply by allowing employees to work alternative hours or closer to home, according to Regus (India) country-head, Mr Madhusudan Thakur. Source : 13-01-11   Deccan Chronicle   Compiled by Amresh Anjan More Employees Leave Infosys Than Its Total Hiring In December During the October-December quarter, Infosys Technologies lost more employees than its net hiring. While the company appointed 11,067 employees in the third quarter this fiscal, nearly 5,756 exited the organisation during the same period, taking the net addition to 5,311, the company said. The attrition rate has gone up to 17.5 per cent by December from 11.6 per cent in like period year-ago, Infosys said in a statement. It was at 17.01 per cent at the end of the previous quarter (September). However, as per the statement, the company's attrition rate (last 12 months (LTM) basis) stood at 17.5 per cent in the third quarter of this fiscal compared to 17.1 per cent in the preceding quarter. Infosys CFO SD Shibulal added, "After the slowdown attrition went up. But now this has stabilised and is not that big a concern. The industry has always been able to manage it." Source : 13-01-11   ibnlive.in.com   Compiled by Amresh Anjan Nokia Siemens To Add 800 Employees At Chennai Centre Nokia Siemens Networks plans to increase staff strength at its Global Network Solutions Centre (GNSC) in Chennai to 1,800 from 1,000 by the end of 2011 to meet growing demand. It also announced the expansion of the centre by relocating activities to a bigger facility at Navalur, near Chennai. Source : 14-01-11   Business Standard   Compiled by Amresh Anjan Companies Dole Out Joining Bonus To Woo Talent Vying for the right talent, many firms are wooing prospective employees with joining bonuses, which is generally more than 10 per cent of their overall cost to company, according to HR experts. After the slowdown, hiring activities have gained momentum in recent times, especially with companies' envisaging mega expansion plans. "Companies are offering joining bonus as demand for skilled workforce is high, at times there are crucial positions to be filled for which companies cannot wait to get people on board," executive search firm GlobalHunt India's Director Mr Sunil Goel said. The trend of joining bonuses is more seen in sectors such as BFSI (Banking, Financial Services and Insurance), IT/ITeS, Services, Power, Energy and Infrastructure, the experts said. "The main reason for offering joining bonus is to ensure that the company gets the right talent at the right time... In some cases, it helps compensate for a slightly lower than expected CTC, from a candidate perspective," recruitment firm TeamLease Service's Vice President Ms Surabhi Mathur Gandhi said. Joining bonuses is estimated to be in the range of 10 to 20 per cent of the employee's Cost To Company (CTC). Source : 16-01-11   Business Standard   Compiled by Amresh Anjan Jaguar Gets 14,000 Applicants For 1,500 Jobs Jaguar Land Rover Ltd, the U.K.- based luxury-car unit of India's Tata Motors Ltd, got a whopping response of 14,000 applications for 1,500 new jobs at its Halewood plant, the Press Association reported. The new positions at the factory, based near Liverpool in northwest England, are to aid the production of the new Range Rover Evoque model, the U.K. news agency said, citing Mark Pennifold, the company's human resources manager. Jaguar Land Rover in October said it had set an internal target to increase production to half-a-million vehicles a year and would continue to operate all three of its U.K. plants. Source : 15-01-11   bloomberg.com   Compiled by Amresh Anjan New Chiefs Appointed For Four Tata Cos From Feb 1 Four companies of the $72-billion Tata Group—Tata Power, Tata Teleservices (TTSL), Tata Teleservices (Maharashtra) Ltd (TTML) and Tata Communications (Tata Comm)— will have new executives from February 1. Mr Anil Kumar Sardana, managing director (MD) of TTSL as well as TTML, has been named as the MD of Tata Power effective February 1. Mr Prasad R Menon, the current MD of Tata Power, retires on January 31. In the meantime, Mr Srinath Narasimhan (N Srinath) who is currently MD & CEO, Tata Comm (formerly VSNL), will take over the reins of TTSL and TTML effective February 1 as their MD. Mr Vinod Kumar will take over from Mr Srinath, who is currently Tata Comm's president and CEO. Source : 14-01-11   The Financial Express   Compiled by Amresh Anjan Mr Ahuja Appointed As Head Of SBI's Consumer Banking In UK A senior NRI banking expert Mr Deepak Ahuja has been appointed by the State Bank of India, UK, as its head of Consumer Banking. He was earlier working as the head of NRI banking of Barclays Plc - Europe. Prior to this, he has worked as a Vice President at Citibank, UK, marketing head at ICICI Bank UK, Marketing manager in the UK at Zee and UK Relationship manager at American Express in Mumbai. "SBI has a unique brand value and brand franchise within the Indian community. Most important, people trust SBI - that is a predominant factor. It is going to be pretty interesting. SBI bank in the UK is going to be a major player in various aspects of banking, particularly retail banking," said Mr Ahuja. Source : 14-01-11   Business Standard   Compiled by Amresh Anjan Google Appoints Former Microsoft India Managing Director As New India Chief Google has named Mr Rajan Anandan, previously managing director of Microsoft's India unit, as head of its India operations effective immediately. Mr Anandan will replace Mr Shailesh Rao, Google said in a statement. Mr Rao, who was earlier handling dual roles -one as India operations head and the other as managing director of media and platform sales for Japan and Asia-Pacific, will now handle the latter role full-time, the company added. Source : 11-01-11   DNA   Compiled by Amresh Anjan Sistema Shyam Gets New COO Sistema Shyam TeleServices Ltd (SSTL) has named Mr Shankar Bali as the chief operating officer of Delhi NCR and Haryana circle. He will be responsible for further stimulating the business growth for the company in the region, according to a press release. An industry veteran of over 21 years including more than 17 years in the telecom sector, he has been Hutch's chief executive officer for Sri Lanka. Source : 11-01-11   ciol.com   Compiled by Amresh Anjan Ms Puri-Buch To step Down At ICICI group High-profile investment banker Ms Madhabi Puri-Buch may quit as managing director & CEO of ICICI Securities soon. "Buch is likely to quit the ICICI group for personal reasons," said a knowledgeable source. The management graduate from IIM-Ahmedabad has been associated with the ICICI group for over 15 years. She is likely to be replaced by Mr Anup Bagchi, executive director at ICICI Securities, sources revealed. Source : 11-01-11   Business Standard   Compiled by Amresh Anjan

HR Articles: Feb-11 (Part-3)

For more article, Visit at : www.amreshanjan.co.cc   Apple's Steve Jobs Takes Home Just $ 1 Salary Though he runs the world's most-valued technology company, when it comes to pay, Apple's iconic chief Mr Steve Jobs has been taking home a salary of just $1 at least for the past three years. Mr Jobs, who rejoined Apple in 1997, is the man behind many best-selling gadgets such as iPhone, iPad and iPods. Interestingly, his compensation comes as a sharp contrast to many CEOs worldwide, who get huge pay packets - an issue which was also blamed for the financial slowdown in 2008-09. In addition to the base salary of $1 in 2010, Jobs also received $248,000 as part of reimbursement related to the use of his private plane for business purposes. The company in 2001 had entered into an agreement with Mr Jobs for this annual reimbursement. Source : 09-01-11   ibnlive.in.com   Compiled by Amresh Anjan Firms Buoyant On Hiring In 2011 The first quarter of the current calendar year is likely to see more job opportunities coming up in the country compared with the same period last year, a survey by global research firm Dun & Bradstreet (D&B) revealed. As per the D&B business optimism index survey conducted on a sample of companies, 54 per cent of the respondents expected an increase in the size of their workforce in the first three-month period. The companies were from different sectors, including basic goods, capital goods, intermediate goods, consumer durables, consumer non-durables and service sectors. While 45 per cent of the respondents aim to keep the number of employees unchanged, one per cent of the respondents expects the size of their workforce to reduce. "The resultant optimism for employees stands at a three-year high of 53 per cent, an increase of four percentage points compared with the previous quarter," according to Dun & Bradstreet. On the whole, the business optimism index continued its upward trend and stood at a three-year high of 171.2 for the first quarter of 2011, an increase of 24.5 per cent year on year, the survey showed. Source : 08-01-11   The Telegraph   Compiled by Amresh Anjan Staff Cost In Banks: MNC Banks Pay Highest, HDFC Lowest According to a study of 21 large banks, foreign banks, led by Citi India, have the highest employee cost and HDFC has the lowest, with the state-run lenders in the middle. The Boston Consulting Group (BCG) has found that Citi India leads the pack of salary cost in relation to the asset base with the average cost being Rs 19 lakh as of last financial year, followed by Standard Chartered (StanChart) at Rs 13 lakh and HSBC at Rs 12.3 lakh. But what is to be noted here is that Citi India also makes its employees pay back the most, with its average revenue per employee at Rs 127 lakh, way above State Bank of India's (SBI) average revenue of Rs 20 lakh per employee. Contrary to this, the largest lender SBI, a notch down at Rs 6.4 lakh per employee while the new-age state-run IDBI Bank and Oriental Bank of Commerce (OBC) cough up Rs 6.3 lakh each on every employee on an average. Source : 03-01-11   Business Standard   Compiled by Amresh Anjan Surprise News: Jobs In US Surge, Outlook Up A surprise surge in US private-sector employment last month to its highest level on record gave a signal that the US economy is changing. Private employers added 297,000 jobs in December, triple the median estimate by economists and up from the gain of 92,000 in November, an ADP Employer Services report revealed. Source : 05-01-11   Hindustan Times   Compiled by Amresh Anjan Govt To Raise Job Plan Wages By 25% The government decided to raise wages under the Mahatma Gandhi National Rural Employment Guarantee Scheme by about 25% from January 1. However, as the new wages are still lower than minimum wages in some states the government decision is likely to be challenged in court as paying wages less than minimum wages is an offence under the Minimum Wages Act. Rural development minister Mr CP Joshi said, "The MGNREGA law does not say anywhere that wages have to be at par with minimum wages." Announcing the decision, he said the National Advisory Council recommendations were considered and the government decided the best way for automatic increase was linking it with annual inflation rate. Source : 07-01-11   Hindustan Times   Compiled by Amresh Anjan Jones Lang LaSalle India Names New MD For Western India Operations Mr Ramesh Nair, former managing director of Jones Lang LaSalle India's Chennai and Hyderabad regions, has taken up responsibility for the company's western India operations. West India encompasses Mumbai and Pune. Mr Ramesh Nair, who has been with Jones Lang LaSalle India since 1999, is a real estate veteran with fourteen years' multi-faceted experience. During his stay, he has tackled diverse real estate asset classes such as office, retail, land, residential, warehousing and industrial, and he has helped change the real estate fortunes of many domestic and multinational owners, occupiers and investors in South India. Source : 03-01-11   moneylife.in   Compiled by Amresh Anjan Employers In 2010 Announced Least U.S. Job Cuts In Last 13 Years Employers in 2010 announced the least job cuts since 1997 as the U.S. economy recovered from the worst recession since the 1930s, according to a private survey. There were 529,973 planned firings last year, down 59 percent from 2009 when job cuts reached a seven-year high, as per Challenger, Gray & Christmas Inc. The Chicago-based outplacement firm said December firings dropped 29 percent from the same month a year earlier. Source : 05-01-11   bloomberg.com   Compiled by Amresh Anjan Amul Announces Appointment Of Mr RS Sodhi As MD Gujarat Co-operative Milk Marketing Federation (GCMMF), the co-operative federation that owns the Amul brand, has named Mr RS Sodhi as its managing director. Mr Sodhi was the acting MD of GCMMF after former managing director Mr BM Vyas's exit a few months ago. The Rs 8005-crore federation had formed a five-member committee to name a suitable successor to Mr Vyas. The committee unanimously announced its decision to select Mr Sodhi – an Institute of Rural Management Anand (IRMA) pass out – for the coveted post. He has been associated with Amul since 1982 and holds around 28-29 years of experience in sales and marketing in Asia's largest milk brand. Previously, Mr Sodhi was the chief general manager of Amul. Source : 05-01-11   Business Standard   Compiled by Amresh Anjan Domestic Airlines Get More Time To Phase Out Expatriate Pilots The civil aviation ministry has granted much-required relief to domestic airlines, allowing them to hire expatriate commanders and keep them on their payrolls until 2013, as the industry prepares to induct 240 more planes in three years to meet increasing travel demand. The blanket three-year extension is also a shift from the government's policy of granting yearly extensions, and may help India's airlines compete better with carriers in China and South-East Asia in appointing experienced expat pilots. "The deadline (to phase out expat pilots) was to lapse this year. We have now allowed it till 2013," said a civil aviation ministry official. Source : 09-01-11   livemint.com   Compiled by Amresh Anjan Ageing Japan Keeps Out Foreign Staff Ms Maria Fransiska, a young, hard-working nurse from Indonesia, is just the kind of employee Japan would seem to need to replenish its aging workforce. But Ms Fransiska, 26, has to fight to stay. To extend her three-year stint at a hospital outside Tokyo, she is supposed to pass a standardized nursing exam administered in Japanese, a test so difficult that only 3 of the 600 nurses brought here from Indonesia and the Philippines since 2007 have passed. So she spends eight hours in Japanese language drills, on top of her job at the hospital. But she is determined: her starting salary of $2,400 a month was 10 times what she could earn back home. If she does not qualify, she will never be allowed to return to Japan on the same programme again. In spite of facing an imminent labour shortage as its population ages, Japan has done little to open itself up to immigration. The government is doing the opposite, actively encouraging both foreign workers and foreign graduates of its universities and professional schools to return home while protecting tiny interest groups — in the case of Ms Fransiska, a local nursing association afraid that an influx of foreign nurses would lower salaries. Source : 04-01-11   The Financial Express   Compiled by Amresh Anjan Indians Looking For 'Dream Jobs' In Malaysia Fall Prey To Fraud Agents Indians looking for ''dream jobs'' in Malaysia are being cheated, duped and abandoned, despite warnings given by officials to check out their recruitment agents before accepting offers of high paying employments. At least 24 Indian nationals, some of them graduates, are presently waiting to return to India after finding to their dismay that promises of high paying jobs by agents turned out to be bogus claims. "One of the persons who was a hotel management graduate found that he had to work at a McDonalds' outlet for 12 hours.. not what he had been promised," sources revealed. The Indian High Commission here has been constantly asking potential job seekers to check out their job agents at both ends before entrusting huge sums of money to get a job here. In another instance, an Indian national who came to Malaysia in 2009 was not only cheated of her salary, but her misery allegedly drove her daughter in India to commit suicide. Ms Latha Shanmugam, 37, a widow from Thanjavur, was employed by a local family when she first came to Kuala Lumpur with a promised salary of RM 750 a month (Rs 10,000). However, the employers purposely didn't give her salary for four months, claiming that they had to pay RM 5,000 to her employment agency. The family then chased her out of the house and told her to contact the agency. She later got another job at a restaurant for the same salary but was paid only for one month. Source : 03-01-11   Deccan Herald   Compiled by Amresh Anjan Mr Nagesh Pydah Appointed As CMD Of OBC Punjab National Bank executive director Mr Nagesh Pydah has been appointed as the CMD of Delhi-based Oriental Bank of Commerce (OBC). Mr Rakesh Sethi, general manager, Andhra Bank has joined as ED of PNB. Source : 04-01-11   The Financial Express   Compiled by Amresh Anjan Mumbai Firms Looking For Mothers: Survey A mother working on a laptop with her child in the familiar confines of her home could be a trend for the 21century as local companies bouncing back from the economic slowdown look for affordable part-time workers. Mothers looking to rejoin the workforce have much to look forward to in Mumbai, with 44 major companies in the city responding encouragingly to a global survey on hiring them for part-time jobs. Up to 62% of Mumbai's companies said that, over the next two years, they were searching for mothers who had taken time off for a baby but now wanted to return to work. The Mumbai response was higher than those from Delhi (50%) and Bangalore (58%). It was also higher than the national average (56%) and global average (36%). Up to 86% of the Mumbai firms also said they believed in offering flexible working environment to these women as they were more family friendly. Source : 08-01-11   topics.npr.org   Compiled by Amresh Anjan Demand For Highly-Skilled Increases Globally A report by World Economic Forum has revealed that the demand for highly-skilled workforce is growing worldwide, including in developing nations like India, where only about 25 per cent of professionals are considered employable in multinational companies. Terming human capital as the "engine of economic prosperity", the WEF has called for high-skilled people to meet the growing talent demand in various sectors including trade and communications in developing countries. "Skills for high-demand jobs in 2020 must be developed now...All over the globe -— in developed, newly industrialized, BRIC (Brazil, Russia, India and China) and developing countries — demand is soaring for these professions," according to the Global Talent Risk report. The report analyses projected talent shortages in 25 countries including India. It said that uneven quality of educational systems in developing countries is one of the reasons for workers not getting necessary training to flourish in the global economy. According to the report, there would high demand for professionals from companies in trade, transport and communication in developing nations. Source : 07-01-11   Business Standard   Compiled by Amresh Anjan