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India's Clean Revolution Promises Employment To 10.5 Million US President Barack Obama is banking on clean energy to create over 800,000 jobs by 2012. India's emerging green jobs sector too holds out the promise of 10,500,000 jobs by the end of the decade as investments in energy efficiency and renewable energy technologies soar.India's Clean Revolution, a report released last month by The Climate Group, a global environmental think tank, indicates that enormous potential exists for generating new income and jobs by developing domestic renewable energy resources and clean technologies in India. The right skills need to be developed, however, to help make the transition to a greener economy.According to the report, the wind sector, predicted to be worth Rs 60,000 crore in 2020, could create between 150,000 to 250,000 jobs. Similarly, the solar industry, predicted to be worth Rs 32,000 crore , could, by the same year, generate between 117,000 to 235,000 jobs. The small hydro and biomass sectors, meanwhile, are expected to be worth Rs 27,000 crore and Rs 32,000 crore respectively in 2020, resulting in similar estimates for job creation.
Source : 25-04-11 Financial Chronicle Compiled by Amresh Anjan
Ban On Women From Taking Up Jobs Withdrawn In Uttarakhand The diktat by a local panchayat in Uttarakhand's Haridwar district prohibiting women from taking up jobs has been withdrawn."Women in Godawali and Sarai villages of Haridwar district have started going to work in factories in the nearby industrial area after the ban on jobs was withdrawn by the panchayat," District Magistrate, Haridwar, Mr. lR Meenakshisundaram said. The panchayat had ruled that a woman can go to work only when at least one male member of her family also works at the same place so that she can be escorted by him. It had threatened that a woman found offending the decree would be whipped publicly and a fine of Rs 5,100 would be imposed on her family, which would also face social boycott from the community.
Source : 25-04-11 Indian Express Compiled by Amresh Anjan
TCS Headcount To Be Over 250,000 For 2011-12 Tata Consultancy Services will add 60,000 employees for the financial year 2011-12 taking its total headcount to 258,614. For 2010-11, the company's headcount was 198,614.Though 60,000 is lower than the employees hired in 2010-11, the company said in last financial year its hiring target was higher than the original target. For 2010-11, it hired a total of 69,685.TCS also announced a salary rise in the range of 12-14 per cent for offshore employees, the highest the company has announced in the recent past. Onsite employees, those working in the US and at client sites abroad, will see a salary rise of 2-4 per cent.
Source : 22-04-11 Business Standard Compiled by Amresh Anjan
IIM-C Sees Rs 2.2-Lakh Rise In Average Salary The average salaries on offer for students from the 2009-11 post graduate diploma in business management (PGDBM) batch at Indian Institute of Management-Calcutta (IIM-C) has gone up from Rs 15.4 lakh per annum last year to Rs 17.6 lakh per annum this year. "There has been an upward revision in the overall salaries on offer across sectors this year, which has translated into an increase in salary packages on offer," said the Chairperson, placements, Mr.Amit Dhiman. The lowest salary offered was Rs 7.5 lakh per annum among the three top IIMs- Ahmedabad, Bangalore and Calcutta. Mr. Dhiman, however, declined to reveal the highest salary for the batch, citing issues related to the variable component, which is high in the finance and the investment banking sector. The sector is also the highest-paying, offering more compared to consultancy and marketing.
Source : 21-04-11 Business Standard Compiled by Amresh Anjan
NSDC To Rope In India Inc For Skill Development Projects National Skill Development Corporation's (NSDC) — a not-for-profit body set up by finance ministry — is looking to rope in India Inc for its skill development projects in the country. NSDC is in talks with more than 15 top Indian companies, including Tata, Reliance, Bharti Airtel and Future Group. We are in talks with 10-15 top Indian companies to induct their officials, including the level of managing directors and chief executives into our skill development projects," an NSDC official said. He said sectors like textile and apparel, retail, hospitality, automobile, healthcare, construction, IT and ITeS would be the top priority. Learning solutions provider Everonn signed a joint venture agreement with NSDC and the JV deal aims to train over 15 million students by 2022.
Source : 19-04-11 Indian Express Compiled by Amresh Anjan
Manufacturing Generates Most Revenue Per Employee Indian firms make a profit of Rs 15 on revenue earning of Rs 100 per employee, according to Pricewaterhouse Coopers's (PwC) latest report on measuring human capital effectiveness. The report states that organisations make an investment of Rs 7,000 on learning and development (L&D) per employee and with an average remuneration of Rs 4.8 lakh and Rs 6 lakh of profit per employee, the human capital return ratio on investment is 1.79 for organisations in India. Among all sectors, engineering and manufacturing generate the most revenue and profits per employee followed by fast moving consumer goods (FMCG) and pharmaceutical sectors. The report is based on a survey of 37 firms across all sectors and gives a snapshot of how organisations that focus on maximising employee contribution are better positioned for growth.Also, organisations with higher revenue base incur 1.3 times higher cost per employee but also earn 1.4 times higher profit per employee organisations compared with lower revenue base companies .
Source : 19-04-11 Indian Express Compiled by Amresh Anjan
Company Health Cover To Pinch More Employees now need to get ready to pay more for the health cover provided by their company. While renewing group health policies, an increasing number of companies are opting for co-payment. This means a part of the claim amount has to be paid by the employees. Insurers, on their part, are offering discounts of 10-30 per cent on premiums to companies which opt for such policies. According to industry officials, more than 50 per cent corporate clients are going for co-pay policies, as group health policy premiums have risen by 25-30 per cent this year.The co-pay element works at various levels. It may be a percentage of the claim amount or a fixed amount the employee has to pay. There may also be a cap on the room rent, as other hospital expenses are usually directly proportional to this.For instance, if the amount to be paid by the employee is fixed at Rs 10,000, then for any claim, the share of the employee will be limited to Rs 10,000. The rest will be borne by the insurer. However, if employees have to pay a fixed percentage, say 20 per cent, they will have to pay Rs 10,000 for a claim of Rs 50,000.
Source : 16-04-11 Business Standard Compiled by Amresh Anjan
Renault-Nissan Appoints Kou Kimura As CEO & MD Renault-Nissan Automotive India Private Ltd (RNAIPL) today appointed Mr Kou Kimura as Chief Executive Officer and Managing Director for its Chennai manufacturing facility. Mr. Kimura was promoted to CEO & MD from his previous position of SVP-Plant Operations of Chennai facility, which he held since 2008.Kimura replaces Mr. Akira Sakurai who successfully steered Renault-Nissan Automotive India, operations in the initial phase of production, the company said in a statement.After two years as Chief Executive Officer & Managing Director of RNAIPL, Mr. Sakurai has now been appointed as SVP, Manufacturing & Industrial Engineering division at the Corporate Headquarters in Japan.
Source : 25-04-11 Financial Express Compiled by Amresh Anjan
Mr. Rakesh Singh To Head Investment Banking For HDFC Bank HDFC Bank, the second largest private sector bank in the country, has appointed Mr.Rakesh Singh as its Head of Investment Banking. Mr. Singh will be responsible for building loan syndication, project financing, corporate finance and advisory and debt and equity capital markets business. He will report to Mr. Harish Engineer, Executive Director. Mr. Singh is an MBA from IMT, Ghaziabad and has over 17 years of experience, largely on the debt side.He joins HDFC Bank from Rothschild, India where he was Managing Director and Co Head – Financing Advisory. Earlier, he has held key positions in Morgan Stanley, Merrill Lynch, Standard Chartered Bank and ANZ Investment Bank among other firms. His areas of expertise are debt capital markets, structured finance and financial advisory.
Source : 19-04-11 The Financial Express Compiled by Amresh Anjan
IT & ITES Sector To Add 183,000 Jobs At the beginning of 2010, the Ma Foi Randstad Employment Survey had predicted creation of 1 million jobs in the organized sector through the year. For 2011, they expect the trend to continue and estimate creation of 1.6 million jobs across various sectors. A large number of these jobs are envisaged to be happening in the healthcare, non-machinery manufacturing, hospitality, IT & ITeS and real estate & construction sectors. The IT & ITES sector is expected to add 183,000 jobs in 2011. IT & ITES sectors have remained as one of the major job providers during the fourth Quarter of 2010. The responses from the surveyed companies suggest that the sector will keep growing in 2011 as well. According to NASSCOM, the IT-ITeS industry is India's one of the largest employment generators in the organized sector creating jobs for over 10 million people both directly and indirectly.The spread of the IT-ITeS sector to the tier II and tier III cities has further widened the growth potential of the sector thereby generating more employment. Increase in number of Rural BPOs has also contributed to the sector's role in increasing employment across the country.
Source : 20-04-11 DNA Compiled by Amresh Anjan
Firstsource Solutions To Hire Over 500 At Its Hubli Centre Firstsource Solutions, a leading global BPO services provider, today said that it would hire over 500 customer service associates at its Hubli center. These associates will service the customers of two of India's leading telecom service providers, a press release issued here said. "We have been one of the pioneers to have recognised the potential and talent in smaller cities in India. We are committed to contribute to the growth of smaller cities by expanding our reach in the country and generating employment across," the company's EVP and Head of Asia Business Unit, Mr.Sanjay Venkataraman, said
Source : 19-04-11 ibnlive.in.comCompiled by Amresh Anjan
Mr. Rajendra Pawar Of NIIT To Be Next Nasscom Chairman NIIT Ltd co-founder and Chairman Mr.Rajendra S Pawar is set to become the new chairman of IT industry body National Association of Software and Services Companies (Nasscom) for the year 2011-12.Mr.Pawar, who was also one of the founder members of Nasscom, will take charge from April 27th onwards. He was also vice-chairman of Nasscom's executive council. Known for his entrepreneurial skills, Pawar will take on the role as the country's IT sector is back on the growth track after being hit by the global economic slowdown in 2008.
Source : 26-04-11 Business Standard Compiled by Amresh Anjan
Delhi Management Association and Accenture Management Consulting Organised A Two Day HR Summit Delhi Management Association in partnership with Accenture Management Consulting organized a 2 day HR Summit on the theme 'Leading for High Performance – Discovering People Strategies to drive growth – an Asian Perspective'.The summit was held on 14-15 April at Hotel Shangri La, New Delhi and had Harvard Business Publishing as Corporate Learning Partner, 'People Matters' as Magazine Partner and Wall Street Journal, Asia as Newspaper partner.The summit was a resounding success with speakers from countries across Asia; sharing their thoughts on the summit theme such as regional talent management practices, leading practices to unlock potential, industry specific quick wins, tools for high performance and others. The event in addition to providing practical day-to-day implementable practices for HR community also, presented a powerful opportunity to engage with business and HR leaders across industries in Asia.
Source : 16-04-11 dmadelhi.orgCompiled by Amresh Anjan
Vijay Rekhi steps down as MD of USL Vijay Rekhi stepped down as managing director (MD) of United Spirits Ltd (USL), and is likely to be replaced from within by Deputy President Ashok Capoor. According to company sources, Mr.Capoor will be the MD of India's largest spirits company, while Chief Financial Officer Mr.P A Murali is likely step into the role of joint president."I will continue to be a director of the company,"Mr. Rekhi said, without divulging details.Mr. Rekhi, who obtained his Masters in Business Administration from the Indian Institute of Management, Ahmedabad, in 1967, became the MD of the United Breweries Group's flagship alcohol beverage company in 2001. In the last 10 years, he steered USL to become the world's second-largest spirits company, next to Diageo, in volume terms.
Source : 20-04-11 Business Standard Compiled by Amresh Anjan
Coal India To Hire 1400 Executives Maharatna firm Coal India is set to hire 1,400 executives by October to bolster its workforce, ahead of crucial expansion and other projects."We will recruit about 1,400 management trainees by October this year and will flash advertisements for vacancies by early next month," a Coal India Ltd (CIL) official said.The selection process of the management trainees, to be hired for various divisions of the public sector firm like human resources, finance, marketing and sales among others, will begin in the month of May and will be completed by October, he said.
Source : 17-04-11 Financial Express Compiled by Amresh Anjan
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