Marks & Spencer India Makes Key Appointments To Leadership Team Marks & Spencer Reliance India Pvt Ltd. (Marks & Spencer India) has announced two new appointments to its leadership team. Mr. James Munson joins as the new head of Retail and Marketing, and Mr. Maneesh Gaur as the head of property & projects. As part of their responsibilities, Mr. Munson will head retail operations, marketing and corporate communications, while Mr. Gaur will be part of the leadership team to strategically drive the property strategy and store opening programme for Marks & Spencer in India.
Source : 22-02-11 12 Compiled by Amresh Anjan
Indian IT Cos Hire Local US Talent Top tech firms like Tata Consultancy Services, Infosys, Wipro and Cognizant that were already hiring senior professionals to serve their top customers in the U.S., are now battling each other to hire fresh local talent, even as higher unemployment rates and tougher immigration laws are used to clamp down on sending jobs outside the region. These companies have already started setting up development centers in American cities like Atlanta and Michigan and have clear targets for hiring foreign workforce. TCS says it will double its U.S. workforce from 10,000 in the next five years while Infosys and Wipro hopes to have between 10 to 15 percent of their staff as non-Indians, up from the current five percent. Most of these companies are creating a buzz across university campuses in a bid to attract good talent and are ready to pay higher. The article quotes experts to suggest that IT companies pay between 20 to 25 percent more to technology grads in the US compared to Indians and they believe the costs can be recouped by charging higher for their on-site employees.
Source : 21-02-11 MSN.com Compiled by Amresh Anjan
Indian Temp Staffing Industry Growing At 18-20%: Teamlease Study India's organized temporary staffing industry is growing annually at 18 to 20 per cent, with temporary recruitment in the IT sector alone jumping about 19 per cent last year, according to Team Lease. Staffing services firm Team Lease today said the country's temporary staffing industry is slowly maturing, especially with more sectors open to the idea. The study showed that median salary hikes for temporary staff rose to 7.3 per cent last year from just 5.2 per cent in 2009.
Source : 23-02-11 Financial express Compiled by Amresh Anjan
B-Schools Make Hay While The Sun Shines Growing job opportunities has ensured good placements for even second- and third-rung business schools. For Panvel-based Pillai's Institute of Management Studies and Research (PIMSR), 2011 has seen remarkable placements. Domestic salary in the institute has gone up from Rs 6.59 lakh in 2010 to 10 lakh this year — an increase of 49 per cent. The average salary in the institute is up from Rs 2.5 lakh in 2010 to Rs 3.5 lakh this year. It's not just the premier B-schools that are witnessing buoyancy in placements. Even mid-rung and three-tier B-schools in the country are having a field day, nearing a 100 per cent placement target.
Source : 23-02-11 Financial Express Compiled by Amresh Anjan
Men In Noisy Jobs Likelier To Suffer Hearing Problems, Heart Diseases A new study has found that being male and having a noisy job would increase the risk of hearing impairment and cardiovascular diseases in middle-aged adults. Scott D. Nash and colleagues studied 3,285 participants ranging in age from 21 to 84 years, with an average age of 49. The researchers evaluated hearing impairment as a pure-tone greater than 25 decibels hearing level in either ear, and also measured word ecognition to different sound levels and with male and female voices. Results showed prevalence of hearing impairment was 14.1 percent and the average word recognition in quiet was 89.6 percent, but 63.5 percent in competing message environment. Other factors suggest there may be cardiovascular correlates associated with hearing mpairment as based on the word recognition scores, including statin use, a higher hematocrit percentage (a marker of blood viscosity), and intima-media (artery walls) thickness.
Source : 22-02-11 Yahoo.com Compiled by Amresh Anjan
Government Revises Wages Under NREGA Against Inflation The Government has revised the wages for unskilled manual workers under the National Rural Employment Guarantee scheme by indexing it to inflation. Against the Rs 100 per day wages originally approved, actual wages given are as high as Rs 181 in Nicobar. Haryana gives Rs 179 per day while daily wage in Chandigarh under the scheme is Rs 174. It is Rs 170 in Andaman and Rs 150 in Kerala. The wages are in the range of Rs 118 to Rs 138 per day in other states.
Source : 22-02-11 Hindu Compiled by Amresh Anjan
Obama And Tech Leaders Discuss Innovation And Jobs President Barack Obama dined with a dozen leaders of the US technology industry including Apple CEO Steve Jobs and Facebook founder Mark Zuckerberg as he sought support for his education and innovation agenda and discussion on promoting growth.The president met privately with the executives at a secluded home of John Doerr in Woodside, California, a wealthy community about 25 miles south of San Francisco. Mr. Doerr is a senior partner with Kleiner Perkins Caufield & Byers, a Silicon Valley venture capital firm. The president specifically discussed his proposals to invest in research and development and expand incentives for companies to grow and hire, along with his goal of doubling exports over five years to support millions of American jobs.
Source : 19-02-11 Business Standard Compiled by Amresh Anjan
11 Asset Management Companies In Race To Manage EPFO Funds For Next Three Years As many as 11 asset management companies, including HSBC, UTI and ICICI Securities, are in the fray to manage EPFO's huge provident fund corpus of Rs 3 lakh crore for three years beginning April. ICICI Pru, HSBC, Reliance Capital and SBI are existing fund managers, which were appointed in July 2008 Besides, existing fund managers, seven new firms, including Kotak Securities, Securities Trading Corporation of India, UTI Securities and ICICI Securities, have sent their expression of interest (EoI), a source said.The Employees' Provident Fund Organisation (EPFO) had invited expression of interest or request for qualification which were to be submitted by last evening. EPFO has engaged credit rating agency CRISIL for appointment of the fund managers as well as monitoring their performance for the next three fiscals on quarterly basis.
Source : 19-02-11 Business Standard Compiled by Amresh Anjan
Daimler Will Create 10,000 Jobs This Year German automaker Daimler will create 10,000 new jobs this year, of which 4,000 will be in Germany. Daimler, which owns the Mercedes-Benz and Smart brands and is the world leader in heavy trucks, will expand in particular its operations abroad to countries like China and India. Like its German rivals BMW, and Volkswagen which owns Audi, Daimler has been a major beneficiary of the rebound in global demand for cars, in particular in the Chinese market.In January, Mercedes-Benz sold 87 percent more autos in China than during the same month a year earlier.
Source : 24-02-11 AFP Compiled by Amresh Anjan
Airlines May Need To Hire More Staff Under New Safety Norms Indian carriers may soon have to hire more pilots and crew to comply with a new rule that mandates more rest for flight crew to prevent fatigue, a reason cited for the decade's worst plane crash in India last year that killed 158 people. The plan to reduce pilot fatigue comes after investigations into the fatal crash of Air India Express flight IX-812 in Mangalore on 22 May revealed that the flight commander slept through 30% of the flight. The move will also raise the cost of running airlines as the carriers have to increase the number of pilots and cabin crew for each aircraft. DGCA is preparing the draft guidelines and the details haven't been made public.
Source : 24-02-11 Mint Compiled by Amresh Anjan
Saudi Petrochemical Giant Plans Big For India Petrochemicals major Saudi Basic Industries Corporation (Sabic) is planning big investments in India that may run into billions of dollars. Sabic, which ranks among the world's top five petrochemical companies, has been in talks with Indian petrochemical players for a joint venture to tap the huge potential of the Indian market with cracker projects and downstream refineries. India, which imports over $22 billion of petrochemical products ever year, offers Sabic the perfect platform to tap the potential for its core business areas like chemicals, fertilizers, innovative plastics, polymers and performance chemicals.
Source : 24-02-11 Business Standard Compiled by Amresh Anjan
DHL Appoints New Chief Operating Officer In India DHL, the world's leading logistics company, today announced the appointment of Mr. Vikas Anand as Chief Operating Officer (COO) for DHL Supply Chain India. Mr. Vikas Anand joined DHL Supply Chain as Supply Chain Manager in the Middle East based at Dubai, before moving to India in 2005. Since then, he has held various positions within DHL viz National Service Parts Logistics Head and General Manager - Logistics. A Mechanical Engineer from Delhi College of Engineering and an MBA holder from Faculty of Management Studies (FMS) Delhi and has extensive industry experience of over 20 years.
Source : 24-02-11 Business Standard Compiled by Amresh Anjan
Govt To Create More Jobs: Says Commerce And Industry Minister Mr. Anand Sharma India has sustained economic growth of 8-9 percent and the government is working to further improve economic growth and create more jobs, as said by Commerce and Industry Minister Mr. Anand Sharma. He further emphasized that global fulcrum of economic growth is shifting fast and India is ready for the challenges and opportunities and it's important for the country to be the home of large number of significant business investments.
Source : 21-02-11 SIfy.com Compiled by Amresh Anjan
Tihar Scores Big With Headhunters Tihar Jail moved into the big league with 43 of its inmates who sat for placement interviews being offered jobs by private firms. Some of the hires are serving time for murder but will now work as sales and executive managers. Out of the ones being offered a job, fourteen of them got their joining letters and the rest will get it in a day or two. Agarwal packers, Vedanta Foundation, Good Housekeeping, Relaxo were among the nine firms that went scouting to Tihar.
Source : 26-02-11 Hindustan Times.com Compiled by Amresh Anjan
Rising Wages To Erode Global Competitiveness With over 72% decline in strikes and lockouts in 2010 over previous year, labour unrest was at its lowest and the industrial relations climate remained peaceful and cordial in 2010 says the Economic Survey. Strikes and lockouts declined from 349 in 2009 to 99 in 2010, the Survey said. This was possible due to constant endeavour of the industrial relations machineries of both the Centre and the states. On the employment front, the Survey said India was able to withstand the adverse impact of the global crisis and generate employment since July 2009 as reported in the quarterly quick employment surveys conducted by the labour bureau. During the quarter July to September 2010, the overall employment has been estimated to have increased by 4.35 lakh. A comparison of the results of the last four quarterly surveys—September 2010 over September 2009—indicates that overall employment has increased by 12.96 lakh, with the highest increase of 9.36 lakh in IT/BPO was followed by textiles, metals, automobiles and gems and jewellery.
Source : 26-02-11 Financial Express Compiled by Amresh Anjan
Most Companies In China To Hike Wages In 2011: Survey % in 2011, as per a survey by a British recruitment group, Hays. The finding comes amid a boom in China's middle class, a result of the country's economic success, and highlights the high inflationary pressures in the pipeline as well as rising costs faced by many companies. The annual salary survey of more than 5,000 employers based in Shanghai and Beijing showed more than half expect to increase salaries between 6-10% over the next 12 months while a third intend to hike them by more than 10%.
Source : 16-02-11 Moneycontrol.com Compiled by Amresh Anjan
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