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
No comments:
Post a Comment