Read thousands of HR articles on a variety of topics written for human resources professionals by HR professionals. This website includes HR related articles, links and forums. Extensive HR community forums: benefits, HR management, recruiting,compensation, and more.
Indian Women Rise In Business But Not In Power Indian businesswomen are gaining managerial positions as the country's economic growth surges ahead, yet few are able to break the glass ceiling and secure jobs with real power due to stereotypical views of them as 'fragile' and ineffective, a new study says. According to research by the Centre for Social Research (CSR) -- a New Delhi-based gender rights think-tank -- professional women in India not only face attitudinal challenges, but also problems within their organizations like a lack of gender policies to accommodate the domestic pressures on them. The study focused on the situation of women managers working in the health, media, hospitality and banking and finance sectors and surveyed 240 female managers and 24 human resources managers across three cities "New Delhi, Kolkata and Bangalore. India's economic liberalization which began in the early nineties has helped the South Asian nation achieve near-double-digit growth over the last five years, making it the continent's third largest economy. The rapid emergence of the corporate sector and the spread of higher education amongst girls have meant that more women than ever are taking up professional positions in companies. Yet, according to the research, 72% of the companies surveyed did not have specific gender policies to help promote women to leadership positions. Special benefits for women such as flexible working hours, transport, compensatory leave, and medical benefits are not available to most respondents, said the report, despite laws which dictate this.
Source : 19-06-11 Moneycontrol.com Compiled by Amresh Anjan
Jobs For Weaker Sections In Private Sector: Centre For Voluntary Disclosure The Union government is working on a mechanism of 'voluntary disclosure' by the corporate and private sector on enhancement of employment opportunities for Scheduled Castes, Scheduled Tribes and other weaker sections. Prime Minister Manmohan Singh told a conference of State Social Justice and Empowerment Ministers that the government had taken a number of initiatives to increase 'affirmative action' with regard to employment of weaker sections in the private sector and working towards an annual voluntary disclosure mechanism. Under the provisions of the Constitution, reservation in employment and education for SCs, STs and Other Backward Classes (OBCs) is applicable only to public sector undertakings and public and private educational institutions. There have been demands for enforcement of job reservation in the private and corporate sector. The suggestion has not evoked a positive response from the private sector and hence the efforts by the government to encourage voluntary intake of weaker sections in recruitment.
Source : 18-06-11 The Hindu Compiled by Amresh Anjan
Blackberry To Slash Jobs BlackBerry maker Research in Motion (RIM) sank more than 15% during after-hours trading after Canada's top technology company released first-quarter results. As Waterloo-based RIM posted a much-lower-than-expected net income of $695 million compared to $934 million in the previous quarter, investors dumped the embattled icon, plunging its stock below $30 for the first time since 2006.The first quarterly revenue of $4.9 billion is down 12% from $5.6 billion in the year-ago period. The forecast for the next quarter is a dismal $4.2-4.8 billion — about $1 billion less than expected. Hammered by Apple's iPhone and Google Android devices, the once smart phone market leader announced "headcount reduction" to cut costs. "This realignment will be focused on taking out redundancies and a reallocation of resources to allow us to focus on the areas that offer the highest growth opportunities," RIM said.
Source : 17-06-11 Hindustan Times Compiled by Amresh Anjan
Bharti AXA Life Appoints New CEO Bharti AXA Life Insurance, which is in the process of being acquired by Reliance Industries, has appointed Sandeep Ghosh as the chief executive officer (CEO) of the company. He takes over from Milind Chalisgaonkar, who was the interim CEO. Bharti Axa Life Insurance is a joint venture between Bharti Enterprises and French insurer, AXA.Prior to joining Bharti AXA Life, Mr. Ghosh was with ANZ as the Managing Director, Commercial Banking head for Asia Pacific and was based in Hong Kong. Mr. Ghosh has over 20 years of experience in India and overseas, primarily in the financial services sector.
Source : 14-06-11 Livemint Compiled by Amresh Anjan
208 APVCC Employees To Be Asked To Resign Soon More than half of the disabled employees of the Andhra Pradesh Vikalangula Cooperative Corporation (APVCC) are anxious about the day they would be asked to resign from their jobs. That day would come soon, said Anitha Rajendhar, former commissioner for Welfare of Disabled and Senior Citizens. "The AP government has given orders to remove employees who joined illegally in the APVCC between 1985 and 1990 and to stop all allowances to them. So we are not giving them allowances and will be removing 208 such employees out of the total 429. These employees were not recruited by the government but had joined with recommendations and are now not quitting the job," said Prabhanjan Rao, Managing Director of APVCC. But the employees who have been working here for a long time are distressed with the order and complain that they have not been getting any allowances since 2009 and their increments according to the Pay Revision Commission- 2009 and drought allowances were also pending since then.
Source : 19-06-11 ibnlive.in.comCompiled by Amresh Anjan
Wall Street Braces For New Layoffs As Profits Wane Wall Street plans to get smaller this summer. Faced with weak markets and uncertainty over regulations, many of the biggest firms are preparing for deep cuts in jobs and other costs. The cutback plans are emerging even as Wall Street firms have mostly recovered from the financial crisis and are reporting substantial profits again. But those profits are not as big as they were before the crisis, and it is expected that in the coming months it will be even more difficult for firms to make money. Worries about debt in Europe and the shape that the Dodd-Frank financial overhaul rules will ultimately take are prompting banks to act. Bank of America is also likely in the next few months to cut some staff members from its securities division, according to a senior executive, Morgan Stanley is expected to cut at least 300 low-producing brokers in its wealth management division this year and has announced plans to cut $1 billion in non compensation expenses over the next three years.
Source : 17-06-11 Hindustan Times Compiled by Amresh Anjan
Reliance Communications Hiring Spree To Boost Wireless Service To strengthen its wireless services business, which has faced severe challenges in recent times, Reliance Communications Ltd (R-Com), a part of Anil Ambani's Reliance Group, is tapping into an external talent pool, including elder brother Mukesh Ambani's Reliance Industries Ltd (RIL).In the past three months, India's second largest mobile phone company by subscribers, has hired three senior executives to look after functions within the wireless business such as device and data services, brand and communications, and finance.
Source : 19-06-11 Livemint Compiled by Amresh Anjan
ITC's Chairman Mr. Deveshwar to pave way for successor by 2017 Diversified fast-moving-consumer-goods (FMCG) company ITC has said its chairman YC Deveshwar would move into a non-executive role sometime in the next five years paving the way for a smooth handing over of the reins to a successor. In a notice, however the company has not mentioned any specific timeline separating the tenure for the executive and non-executive roles for Mr Deveshwar. Mr. Deveshwar is an engineering graduate from the Indian Institute of Technology, Delhi and joined ITC Ltd in 1968. He was appointed as a director on the company's board in 1984 and has served as the chairman since January 1, 1996.
Source : 14-06-11 Hindustan Times Compiled by Amresh Anjan
Sandeep Das Likely To Head Standard Chartered's Private Banking Business In India Standard Chartered Bank is likely to appoint Sandeep Das as head of its private banking business in India, sources said. It has been vacant since Soumya Rajan left. Earlier this month, it appointed Sanjeeb Chaudhuri, who was with Citibank, as the regional head for South Asia and group chief marketing officer for consumer banking. Mr. Das is currently heading StanChart's premium banking business. He was earlier the head of the wholesale banking division.His appointment comes when StanChart's private banking business is recovering from a crisis. Some of the bank's private banking clients had alleged the lender mis-sold debentures to them with a promise of assured rate of return, failing which it would buy these back. Under Indian laws, a bank is not authorised to provide a repurchase option for debentures.
Source : 20-06-11 Business Standard Compiled by Amresh Anjan
Google's Median Salary 23% Higher: Survey A survey by PayScale found that the median salary paid by Google to its staff is 23% higher than the market rate for the IT sector. The Guardian reports that as per the survey, Google's 26,000 workforce earns a median salary of $141,000 annually, as compared to the U.K. private sector average of $34,883. The search engine company gives all its employees free gourmet meals, massages and several other perks not normally handed out in most companies. In January, Google awarded a $1,000 tax-free bonus and increased pay by 10% to prevent employees from moving to rivals like Facebook. The compensation research company's survey also found that Facebook has the youngest employees in the technology sector, with an average age of 26.
Source : 10-06-11 The Guardian Compiled by Amresh Anjan
Gateway Terminals India Hires CEO Gateway Terminals India, a joint venture of APM Terminals and Container Corporation of India (CONCOR) has appointed Mr. PK Agrawal as CEO. Prior to joining GTI, Mr. Agrawal was the chief General Manager of CONCOR's Western Region. He successfully completed a tenure of 5 years in CONCOR and also served in the Indian Railways for 17 years on various important assignments, both at Divisional and Zonal headquarter levels comprising of operations as well as commercial management of freight and coaching traffic.
Source : 16-06-11 Steelguru.com Compiled by Amresh Anjan
SMG India Elevates Key Personnel To Position Of VP's Starcom MediaVest Group (SMG) India has announced the appointment of Dinesh Rathore, Narendra Alambara and Sriram Sharma to the position of Vice Presidents. Until now they were General Managers in charge of a branch. In their new roles they will be part of the National Leadership team. They all continue to report to Mr. Mallikarjunadas CR, Chief Executive Officer, Starcom MediaVest Group.
Source : 16-06-11 Exchange4media.com Compiled by Amresh Anjan
Indian IT Outsourcing Model Undergoing Change: Nasscom The Indian IT outsourcing model is undergoing a fundamental shift, according to Nasscom head Som Mittal. The Financial Times reports the Indian IT outsourcing model has moved to an outcome-based model defined as being paid on performance, rather than on the number of people deployed on a job. According to Milan Seth, a partner and technology analyst at Ernst & Young, the economic downturn has changed the paradigm for IT outsourcing companies. Customers now want more tailor-made and innovative solutions, rather than the standard fare. Mr. Mittal expects revenues from the sector will increase at least 15% to around $70 billion in 2011, as customers in the U.S. and Europe resume spending after the financial crisis. But Arup Roy, a principal analyst at the consultant Gartner, says investors are used to growth of 20-25% year-on-year.
Source : 16-06-11 Financial Times Compiled by Amresh Anjan
CEO's Pitch Innovation To Power Growth Worldwide, CEOs have voted for innovation as the road to growth, as per a survey conducted by PricewaterhouseCoopers. As per the results of the survey, launching new products and services is chosen over other methods, such as mergers and acquisitions for this purpose.The survey reviewed 1,200 CEOs globally, out of which 78% believe that improving and re-inventing products will lead to large revenue generation and cost reduction opportunities over the next three years.In the pharmaceutical as well as entertainment and media sectors, nearly 40% of the surveyed chiefs foresee growth through the launch of new products and services. The study also found that CEOs are re-considering their approach to innovation by looking for partners in external markets.
Source : 15-06-11 Financial Express Compiled by Amresh Anjan
Religare Capital Hires Equity Capital Head Religare Capital Markets has hired John Sturmey as global head of equity capital markets. Prior to joining the investment banking unit of Religare Enterprises, Mr. Sturmey served at UBS as head of the global capital markets group for Asia.
Source : 15-06-11 Financial Express Compiled by Amresh Anjan
IT Sector To See Positive Hiring Trends This Year: Survey The IT sector is likely to witness a 20 percent increase in overall workforce levels in the coming year as this segment will continue to see double digit growth, says a survey. According to the IT Employer Survey by HeadHonchos.com - a job search portal for senior management professionals, 76 percent of respondents expect the increase in headcount to be in the range of 11-15 percent whereas 36 percent expect this figure to be as much as 16-20 per cent. "Hiring is set to increase across all levels, including 9.5 percent for middle management and 4.5 per cent for senior professionals," HeadHonchos.com CEO Uday Sodhi said. Overall as many as 97 percent of the HR managers polled said the industry will see a substantial increase in the overall workforce in the coming year. Source : 13-05-11 Silicon India Compiled by Amresh Anjan
Manpower Survey Shows Improvement In Hiring Outlook According to Manpower Group's third quarter Manpower Employment Outlook Survey, year-over-year hiring outlook has improve modestly across major countries with German employers reporting their most optimistic hiring expectations since the downturn. Although overall hiring plans for countries such as Italy and the U.K. remain subdued, results for Canada and France are above the historical average and those in Japan and the U.S., while below pre-recession levels, are cautiously optimistic. U.S. employers across all 13 industry sectors surveyed expect hiring activity to be relatively stable or improve from three months ago. Meanwhile, employers in the emerging market countries of India and Brazil continue to report the strongest hiring plans globally, fueled in part by the strong demand in these countries' finance/insurance/real estate sectors.
Source : 14-06-11 India Infoline Compiled by Amresh Anjan
State Bank Of India To Hire Over 5,000 Officers The country's largest lender, State Bank of India (SBI) is planning to hire over 5,000 employees in 2011-12. While a total of 4,987 officers would be recruited in its associate banks, as many as 206 officers would be appointed to work in SBI itself. The bank would be hiring people for the post of probationary officers for its associate banks, while those for the parent bank would be hired in the position of specialist officers in various divisions like law, economics, medical and security. The associate banks for which recruitment is being sought include State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Patiala, State Bank of Mysore and State Bank of Travancore. SBI has already released public advertisements for all these positions. Last year, SBI had said that it plans to hire a total of 27,000 employees -- 20,000 to 22,000 people in clerical posts and 5,500 people at the probationary officer level.
Source : 08-06-11 Business Today Compiled by Amresh Anjan
New Manufacturing Policy To Create 100 Million Jobs In a major initiative, the government is set to approve a new policy to boost manufacturing by reducing compliance cost for industry and making the labour laws flexible. As per the draft, which is likely to get a nod from a high level committee chaired by Prime Minister Manmohan Singh, the government would take steps to make industrial land available by creation of land banks. The policy aims at creating 100 million new jobs by 2025 and would encourage foreign investment and technologies, while reducing the compliance burden on the industry.
Source : 08-06-11 Business Standard Compiled by Amresh Anjan
Government To Create 2.5 Lakh Jobs For Kannadigas Chief Minister B.S Yeddyurappa said that the State government would initiate measures to ensure employment to at least 2.5 lakh Kannadigas in the remaining two years of its tenure. Speaking at the Workers' Kannada Convention organized by the Kannada Development Authority (KDA), Mr. Yeddyurappa said the government had already provided employment to 2.5 lakh Kannadigas through job fairs organized across the State. He further said the government will strive to implement the Sarojini Mahishi report recommendation on providing priority to local people in hiring. Government will make it mandatory for industries eager to set up units in the State to give an undertaking that they would provide jobs to the local population. He received a memorandum from labour unions and pro-Kannada organizations, including the one seeking a status report from industries on a periodic basis about the vacancies available and the recruitments of local population, hosting a Kannada website on job opportunities in the State and central government institutions, opening of "Kannada centers" in all companies among others.
Source : 12-06-11 Deccan Herald Compiled by Amresh Anjan
Daiwa Capital Markets Appoints Sriram Iyer As Head Of Sales Trading Japanese investment banking major Daiwa Capital Markets has appointed Sriram Iyer from Antique Stock Broking as its executive director and the head of sales trading in India. Mr. Iyer will be reporting to John Mar, the regional head of sales trading based in Hong Kong. The appointment comes after Daiwa roped in Alok Vajpeyi, former MD and vice-chairman of Dawnay Day AV (which was acquired by New Silk Route and renamed Destimoney), as the MD and CEO of Daiwa Securities India last month. With 16 years of experience in the industry, Mr. Iyer will be leading sales trading and dealing of equities to institutional investors.
Source : 10-06-11 VCCcircle.com Compiled by Amresh Anjan
Walt Disney To Lay Off Nearly 250 People At Studio The Walt Disney Co. is preparing to lay off under 5 percent of the employees at its studio, or up to about 250 people .Most of the people work in home video distribution, which was merged with the theatrical distribution division late last year.DVD sales have been plunging industrywide and the studio is looking to cut costs and therefore this cut. The layoffs are the largest since last year, when Disney shut a Robert Zemeckis-run motion-capture facility in the San Francisco area last year and let go about 450 people.
Source : 09-06-11 Associated Press Compiled by Amresh Anjan
Infosys Acquires New Zealand's Firm Unit Country's second largest software exporter Infosys Technologies said that it has acquired the software solutions business of Gen-i, as part of its partnership with the Telecom New Zealand Group firm. As part of the deal, Infosys has offered positions to Gen-i's more than 110 employees and contractors, who will continue to be based in Auckland, Wellington and Christchurch.These employees, who are primarily senior developers, technical architects and consultants, will take the Infosys' New Zealand team to over 150 people. The company said it also plans to immediately hire an additional 15-30 people there. No financial details were disclosed.
Source : 09-06-11 NDTV.com Compiled by Amresh Anjan
P.C. Pankaj Appointed NEEPCO Chairman North Eastern Electric Power Corporation has appointed P.C. Pankaj as the Chairman and Managing Director with effect from June 3, 2011."P C Pankaj has been appointed by the Ministry of Power as the Chairman and Managing Director of North Eastern Electric Power Corporation (NEEPCO) and has assumed charge on June 3, 2011," a company statement said .Mr P.C. Pankaj was serving as an Executive Director in PowerGrid Corporation before joining as CMD of NEEPCO.He started his career with NHPC in 1981. Mr Pankaj is an Electrical Engineer from Agra University and an MBA in Business Management. NEEPCO, which is headquartered in Shillong, Meghalaya, is engaged in the design, construction, generation, operation and maintenance of power stations in the North Eastern Region of the country.
Source : 09-06-11 Hindu Business Line Compiled by Amresh Anjan
Analjit Singh Steps Down As Max India Managing Director Analjit Singh, promoter of Max India, is stepping down from the position of managing director, while remaining chairman. The board of directors have met and approved Rahul Khosla as the MD, effective August 18.Mr. Khosla, a professional and unrelated to the promoter family, has a wealth of experience in banking and insurance. He is to join Max from Visa, where he was the group head of products for Asia-Pacific, Central Europe, West Asia and Africa markets. Max India is the holding company for Max New York Life, Max Bupa Health Insurance and Max Healthcare. Its consolidated revenue was Rs 7,900 crore in the last financial year. About 80 per cent came from the insurance business and about 10 per cent from healthcare.
Source : 13-06-11 Business Standard Compiled by Amresh Anjan
Lloyds May Cut 15,000 Jobs In Costs Drive Britain's Lloyds Banking Group could cut up to 15,000 jobs as part of a new 1 billion pounds (USD 1.6 billion) cost-saving plan, according to a report in the UK's Sunday Times newspaper.The report said whole layers of management would be stripped out of the bank, with hundreds of jobs likely to go at its head office and thousands of posts to be cut across Britain and in its remaining international outposts.Lloyds, which is about 41% owned by the government, said that it would axe 300 jobs across its retail, wholesale and wealth units. It has shed 27,000 jobs over the last two years, as it continues an integration programme following its 2008 takeover of troubled lender HBOS.
Source : 13-06-11 Moneycontrol.com Compiled by Amresh Anjan
Maruti Sacks 11 Workers For 'Inciting' Stir Maruti Suzuki India terminated the services of 11 workers employed at its Manesar facility in Haryana.Workers at the facility, which employs about 2,000 people, have struck work since a while. The workers are demanding recognition of a new union — Maruti Suzuki Employees Union (MSEU) — besides retaining contract labourers for the two upcoming new units inside the complex."The services of 11 persons, who were inciting workers to go on an illegal strike and created an atmosphere where safety of people was in danger, have been terminated," chairman R C Bhargava said.Terming the strike "illegal," Mr. Bhargava said the workers gave no notice for a strike and are asking for recognition of a union which hasn't even been registered yet. "There is no other union... If they have any issue, they should have first written to us and discussed with us."He said the company has begun negotiations with the striking workers and was hopeful of finding an early resolution to this problem.
Source : 07-06-11 DNA Compiled by Amresh Anjan
MLA's Give Themselves 73% Salary Hike Karnataka legislative assembly today passed two important bills pertaining to the rise in salaries and perks of members of legislative assembly (MLAs) and ministers in the absence of opposition parties. With the passing of these bills, the average salaries of MLAs will go up by 73 per cent. The previous amendment to their salaries was effected in 1957.When the house assembled this morning, the members of opposition Congress and JD(S) continued their boycott of the proceedings for the fourth consecutive working day. After the customary question hour and zero hour, the minister for law Suresh Kumar presented two bills, Karnataka Ministers Salaries and Allowances (Amendment) Bill, 2011 and Karnataka Legislature Salaries, Pensions and Allowances (Second Amendment) Bill, 2011. As the opposition benches were vacant, the bills were passed without any discussion. The passing of these two bills paves way for raising the salaries of MLAs by an average of 73 per cent to over Rs 95,000 per month.
Source : 08-06-11 Business Standard Compiled by Amresh Anjan
Banks To Strengthen Risk Operations, New Jobs Seen Most banks in India — foreign, private or government-owned — are gearing up to expand and strengthen their risk management work after the global financial crisis. This is poised to spin off a new set of jobs. Besides, the financial crisis, a spate of scams in the banking sector in the recent times has also forced banks to strengthen their risk operations.Banks' operational risks include loss resulting from inadequate or failed internal processes, people and systems or from external events.
Source : 14-06-11 Hindustan Times Compiled by Amresh Anjan
The identification of training needs is the first step in a uniform method of instructional design. 1. Types of Needs Analyses
Many needs assessments are available for use in different employment contexts. Sources that can help you determine which needs analysis is appropriate for your situation are described below. Context Analysis. An analysis of the business needs or other reasons the training is desired. The important questions being answered by this analysis are who decided that training should be conducted, why a training program is seen as the recommended solution to a business problem, what the history of the organization has been with regard to employee training and other management interventions. User Analysis. Analysis dealing with potential participants and instructors involved in the process. The important questions being answered by this analysis are who will receive the training and their level of existing knowledge on the subject, what is their learning style, and who will conduct the training. Work analysis. Analysis of the tasks being performed. This is an analysis of the job and the requirements for performing the work. Also known as a task analysis or job analysis, this analysis seeks to specify the main duties and skill level required. This helps ensure that the training which is developed will include relevant links to the content of the job. Content Analysis. Analysis of documents, laws, procedures used on the job. This analysis answers questions about what knowledge or information is used on this job. This information comes from manuals, documents, or regulations. It is important that the content of the training does not conflict or contradict job requirements. An experienced worker can assist (as a subject matter expert) in determining the appropriate content. Training Suitability Analysis. Analysis of whether training is the desired solution. Training is one of several solutions to employment problems. However, it may not always be the best solution. It is important to determine if training will be effective in its usage. Cost-Benefit Analysis. Analysis of the return on investment (ROI) of training. Effective training results in a return of value to the organization that is greater than the initial investment to produce or administer the training.
2. Techniques
Several basic Needs Assessment techniques include:
direct observation questionnaires consultation with persons in key positions, and/or with specific knowledge review of relevant literature interviews focus groups tests records & report studies work samples
--- Article given by Mr Mitali Bhattacharya Training need identification is a tool utilized to identify what educational courses or activities should be provided to employees to improve their work productivity. Here the focus should be placed on needs as opposed to desires of the employees for a constructive outcome. Inorder to emphasize the importance of training need identification we can focus on the following areas: -
To pinpoint if training will make a difference in productivity and the bottom line.
To decide what specific training each employee needs and what will improve his or her job performance.
To differentiate between the need for training and organizational issues and bring about a match between individual aspirations and organizational goals.
Identification of training needs (ITN), if done properly, provides the basis on which all other training activities can be considered. Also requiring careful thought and analysis, it is a process that needs to be carried out with sensitivity as people's learning is important to them, and the reputation of the organization is also at stake.
Identification of training needs is important from both the organisational point of view as well as from an individual's point of view. From an organisation's point of view it is important because an organisation has objectives that it wants to achieve for the benefit of all stakeholders or members, including owners, employees, customers, suppliers, and neighbours. These objectives can be achieved only through harnessing the abilities of its people, releasing potential and maximising opportunities for development. Therefore people must know what they need to learn in order to achieve organisational goals. Similarly if seen from an individual's point of view, people have aspirations, they want to develop and in order to learn and use new abilities, people need appropriate opportunities, resources, and conditions. Therefore, to meet people's aspirations, the organization must provide effective and attractive learning resources and conditions. And it is also important to see that there is a suitable match between achieving organizational goals and providing attractive learning opportunities.
Different Levels at which it is to be Conducted
Identification of training needs can be done at three levels to ascertain three kinds of needs: -
Organisational Needs These concern the performance of the organisation as a whole. Here identification of training needs is done to find out whether the organisation is meeting its current performance standards and objectives and if not, exploring ways in which training or learning might help it to do so. Sometimes organisational training needs are also identified when the organisation decides that it has to adopt a major new strategy, create a new product or service, undergo a large-scale change programme, or develop significant new relationships, such as joining with others to form new partnerships.
Group Needs Since working in groups and teams have become very much prevalent in today's corporate world that is why nowadays there is increased emphasis given on team effectiveness and team performance. So training needs are nowadays even identified at the group level. Training needs here are concerned basically with the performance of a particular group, which may be a team, department, function, sub-unit, or so on. Information about this group¢s performance may identify areas of need - which, again, may be for training or other interventions. It is used to find out how efficiently a particular team or group goes about its business and meets its current objectives.
Internet Creates 2.4 Jobs For Every Job It Destroys The Internet, which has transformed the way we live, work, shop and socialise, is also emerging as a powerful catalyst for job creation, says a survey by global management consultancy McKinsey. According to a report by McKinsey Global Institute, the Net has a sweeping impact on growth, prosperity and has "created 2.4 jobs for every job that it has destroyed". "While jobs have been destroyed by the emergence of Internet, many more have been created during the same period, including jobs directly linked to the Internet, such as software engineers and online marketers as well as more traditional jobs — logistics to deliver online purchases," it added. McKinsey examined the impact of the Internet in 13 countries — the members of the G8, Brazil, China, India, South Korea and Sweden. In the 13 countries that the survey covered, the Internet contributed an average 3.4 per cent to the GDP, more than agriculture, energy and other better established industries.
Source : 26-05-11 The Hindu Compiled by Amresh Anjan
CII To Train And Provide Jobs To 50,000 SC/ST Youth The Confederation of Indian Industry will train 50,000 SC/ST youth in 2011-12. It will also provide jobs to the same number of people. This was announced by B Muthuraman, the president of CII.He said that the CII was working with the Dalit Chambers of India and was aiming to receive 10-20 % of raw material and services from industrialists belonging to the SC/ST population. Mr. Muthuraman was of the view that India could achieve a GDP growth rate of 8.6% this year provided factors like monsoon, international economy, oil prices etc remained favourable. The CII president announced that four CII Skill Development Hubs and 30 district level Skill Gurukuls would be set up. Out of these, five would be located in northern states of the country.
Source : 30-05-11 Bhaskar.com Compiled by Amresh Anjan
Ballmer Sees 3 Lakh Cloud Computing Jobs Coming Up In India Gung-ho on the phenomenon of 'cloud computing', Steve Ballmer, the CEO of software giant Microsoft, said it will help generate 300,000 jobs in India over the next five years. "The cloud computing phenomenon will enable (other) businesses to use IT more productively which in turn will enable growth in the IT sector," Mr. Ballmer said.Cloud computing refers to the practise of making software services and data storage facilities available over the Internet, enabling companies to hire them on a use them on a pay-per-use basis instead of investing in its own IT infrastructure. As businesses expand, the demand for IT budgets is increasing rapidly; data storage demands are growing at around 30% annually, and a cloud service comes as welcome relief for companies. Consultancy firm Zinnov Management estimates cloud computing market in India to grow at a compounded annual growth rate of 58% to touch $1.08 billion (Rs 4,900 crore) by 2015. The cloud market in India was $110 million in 2010.
Source : 26-05-11 Hindustan Times Compiled by Amresh Anjan
Japan's Ricoh To Shape Up, Axe 10,000 Jobs Japanese copier and printer maker Ricoh Co today announced plans to cut nearly 10 per cent (more than 10,000) of its global workforce, to emerge leaner and stronger in a world where low-cost manufacturers are increasingly usurping markets of Japanese companies. Almost all major Japanese companies are struggling to boost profits in order to compete with better performing rivals from Japan as well as neighbouring countries. Ricoh obviously failed to match competition from Xerox and Cannon, which had, over the years expanded their market overseas.
Source : 26-05-11 Domainb.com Compiled by Amresh Anjan
Xerox In Talks To Move "Few Hundred" Jobs To India's HCL Tech Xerox Corp, best known for its printing products, is in discussions with HCL Technologies to move a "a few hundred Xerox people" to India's No. 4 software services firm. The U.S. Company aims to "benefit from the investments HCL makes with its infrastructure and platforms," but this is "not a done deal" yet, a spokesman from Xerox said in an e-mailed response from Washington.
Source : 28-05-11 ibnlive.in.comCompiled by Amresh Anjan
Interns Get A Head Start In Competition For Jobs- US study Even though companies say that, on average, they'll hire 19% more new graduates this year than they did in 2010, some graduates might find that a good portion of companies' incoming classes are already filled. That's because companies say that nearly 40% of this year's entry-level positions will be filled by former interns, according to a survey by the National Association of Colleges and Employers. It is a marked increase from five years ago, when only 30% of entry-level hires came from former interns. "Companies are essentially trying to take graduates out of the job market before there's competition for them," said Edwin Koc, research director for NACE.Last year, more than 44% of college hires came from the intern pool, but that figure was inflated by slow hiring overall, Mr. Koc said.
Source : 17-05-11 WSJ.com Compiled by Amresh Anjan
TATA Beverages CEO Resigns Peter Unsworth, chief executive officer (CEO) of the Rs 5,982-crore Tata Global Beverages (TGB), has resigned. The resignation would be effective from June 30. This is the second high-profile departure from TGB after Sangeeta Talwar, regional president, South Asia, resigned in July last year. Formerly the Tetley group CEO, Mr. Unsworth took over as CEO of TGB (formerly Tata Tea Ltd) in a strategic reorganization in June 2009. The reorganisation saw Mr. Unsworth head an executive team, based in London, which included Deputy CEO Percy Siganporia, Chief Financial Officer L Krishna Kumar, Chief Marketing Officer John Nicholas and Chief Human Resources and Communications Officer Nalin Miglani.
Source : 25-05-11 Business Standard Compiled by Amresh Anjan
MTS Rejigs Top Management Mobile operator Sistema Shyam Teleservices (SSTL), which operates under the MTS brand, has realigned its top management. The company is a joint venture between Russia's Sistema and the Shyam group. Under the new structure, chief marketing officer Leonid Musatov has been given the additional responsibility of the chief sales officer for MTS India.In his two years as the chief marketing officer, Mr. Leonid is credited with launching the MTS brand."The change in organisational structure and subsequent realignment in key leadership positions has been designed to enable faster decision making and ensuring flawless execution of our data-focused, voice-enabled strategy," said Vsevolod Rozanov, president and CEO, SSTL. A regional structure has also been introduced to lend support to its fast-growing operations. Atul Joshi, currently the chief sales officer, will now become the chief operating officer for the north and east. Cheenu Seshadri will take on the responsibility of the chief operating officer for the southern and western regions.
Source : 24-05-11 The Telegraph Compiled by Amresh Anjan
India Inc Staff Spend Growth Dips To 10.7% While Indian companies spent more in salaries and wages in the quarter ended March this year as compared with the same quarter last year, the growth in the staff spend was lower as compared with 2010.A Financial Express study of 1,204 companies (excluding banks and NBFCs) show that the growth of their staff cost decreased from 22.7% during January to March 2009 to 10.7% during the January to March 2011 period. In absolute numbers, the staff cost of the same sample rose from Rs 23,097 crore during January to March 2009 to Rs 28,340 crore during the same period last year and further increased to Rs 31,385 crore during January to March 2011.
Source : 27-05-11 Financial Express Compiled by Amresh Anjan
Girish Paranjpe Joins Green Tech Start-Up As MD Bloom Energy, a Silicon Valley-based start-up in the green tech sector, has appointed Girish Paranjpe, the former joint-CEO of Wipro's information technology business, as its managing director. Promoted by former NASA scientist K R Sridhar, California-headquartered Bloom Energy offers solid oxide fuel cell technology which converts fuel cells into electricity. In his new role, Mr. Paranjpe will be responsible for developing the company's markets outside of the US, especially in emerging countries like Brazil, China and India."Bloom Energy today is at an inflection point. After developing and proving the technology in California, it is now time to expand our markets. Mr. Paranjpe will help us start the journey of taking the promise of Bloom's technology to the global marketplace," Mr. Sridhar, who is also the CEO of Bloom Energy, said. Mr. Paranjpe quit India's third largest information technology services provider, Wipro, in January after the company decided to introduce a simple organisational structure by bringing an end to its joint CEO model."I am still in the technology space, though not information technology, and this (technology) will help solve problems in energy space," he said.
Source : 27-05-11 Business Standard Compiled by Amresh Anjan
Ritesh Idnani To Head Infosys BPO Verticals After restructuring and portfolio rejigs at Infosys Technologies, its BPO subsidiary is also seeing changes. Infosys BPO has consolidated all its businesses under chief operating officer (COO) Ritesh Idnani. The BPO business has risen from $43 million in 2005 to $427 million in 2010 under Mr. Idnani. Infosys BPO has four verticals—BFSI, communication media and entertainment, manufacturing and emerging markets. All the four verticals will now consolidate under Mr. Idnani who in turn, will report to CEO and MD Swami Swaminathan.
Source : 26-05-11 Financial Express Compiled by Amresh Anjan
India's Outsourcers Hiring More Americans India's biggest outsourcers have been setting up shop in lower-wage regions, including South America, for some time, and now they are putting down roots in the United States. As U.S. lawmakers have made it harder for Indians to get work visas, outsourcers have begun hiring Americans. Aegis Communications, a call center giant based in Mumbai, opened an office on Wall Street not too long ago. Employees earn $12 to $14 an hour and can receive monthly bonus checks as high as $730. Aegis has about 5,000 employees working at nine call centers in the United States and plans to expand to more than 15,000. This practice has launched a variety of new terms into the outsourcing lexicon, including "near-sourcing," "diverse shoring" and "cross-shoring."
Source : 25-05-11 Fierce.com Compiled by Amresh Anjan
Apollo Hospitals Designates Suneeta Reddy As JMD Apollo Hospitals said that it has re-designated Suneeta Reddy as Joint Managing Director (JMD) of the company with effect from June 1, 2011. The company's board, on recommendations of remuneration and nomination committee, has approved the re-designation of Suneeta Reddy as JMD of the firm. Her tenure as JMD is till February 2, 2016, it said. The Chennai-headquartered group's consolidated net profit for the year ended March 31, 2011, stood at Rs 183.92 crore.
Source : 26-05-11 Hindustan Times Compiled by Amresh Anjan
Religare Capital Names New Managing Director Religare Capital Markets, the investment banking arm of Religare Enterprises on Wednesday said it has appointed Gautam Trivedi as managing director and head of institutional equities for India. Prior to this, Mr. Trivedi served as managing director and head of sales in India for Goldman Sachs.
Source : 25-05-11 WSJ.com Compiled by Amresh Anjan
Avinash Pant, New Marketing Executive Director Of Walt Disney (India) The Walt Disney Company (India) announced the appointment of Avinash Pant as its new executive director, marketing. In his new role, Mr. Pant would report to managing director, Mahesh Samat and would be responsible for building the Disney brand by driving company's marketing strategy, coordinating all Disney business marketing efforts and providing leadership in developing key global and local franchises in India. Mr.Pant, who joins Disney from Coca-Cola, where he spent 14 years, working across various functions, will also oversee corporate communications, as well as the creative design cell and live event functions in his new role.
Source : 29-05-11 DNA Compiled by Amresh Anjan
India HR Summit 2011 As companies emerge on a growth path post the recession, Human Resources' role has become crucial for managing talent. The challenges faced by human resources professionals are multifold. During times of growth, one has to constantly compete in the marketplace to recruit good talent and at the same time create a healthy work environment to reduce attrition. The summit aims to create a forum to debate some of the important aspects of talent management that have a direct co-relation on productivity including HR policies, benefits programs, creating formal and informal channels for obtaining feedback from employees, using and understanding the benefits and disbenefits of social media and technologies HR professionals can use for improving their productivity. This exclusive 1st edition of the HR Summit aims to address precisely these issues by bringing eminent practitioners under one forum to debate about the trends and challenges.
Manpower Group Survey Reveals Talent Shortage In Research And Development Manpower Group India released the results of its sixth annual shortage survey, and said that 67% of employers in India are experiencing difficulty filling critical positions within their organizations. Manpower Group's sixth annual Talent Shortage Survey reveals one in three employers worldwide is struggling to fill key vacancies. In India, the jobs employers have most difficulty filling are those of Research and Development, Sales Manager and IT staff as opposed to last year's jobs of Skilled Trades, Cleaners and Domestic Staff, and Accounting and Financing Staff. Sanjay Pandit, MD, Manpower Group India said: "While not all employers are feeling the pain associated with the global talent shortage, external forces mean it is likely that they will soon feel the pressure. Businesses need to adopt a long-term approach to ensuring they have the talent they need to achieve their business objectives. While talent cannot be "manufactured" in the short term, a robust workforce strategy will ensure a company's business strategy is supported by having the talented people they need to execute it."
Source : 19-05-11 Moneycontrol.com Compiled by Amresh Anjan
Xerox Unit Adds Jobs Under New Lenovo Contract PC maker Lenovo Group Ltd. said that it has retained a division of Xerox Corp. to provide customer service help from a call center in North Carolina. Lenovo said the deal will create 300 jobs in North Carolina's Research Triangle area, 50 of those with Lenovo and 250 with Xerox's Affiliated Computer Services unit. ACS and Xerox currently employ 3,600 people in North Carolina. In addition, Lenovo's Global Services team is also adding 100 new tech support positions in multiple locations around the world in cities including Bratislava, Beijing and Bangalore.
Source : 23-05-11 SIfy.com Compiled by Amresh Anjan
Infosys To Start Development Center In Shanghai: Jobs For 8000 Engineers Likely India's leading Information Technology Services Company, Infosys (INFY) announced that they have laid the foundation of their new development center campus at Zizhu Science and Technology Park in Shanghai, China. Infosys will invest $125-150 million to develop a state of the art campus featuring software development labs, data centers, training facilities, food courts, a 1500 seater auditorium, gym, and other recreational facilities. Infosys issued a statement saying this is one of the largest investments in China by any software company. The ceremony was graced by Infosys founder N.R. Narayana Murthy, Infosys, Mr. T.V. Mohandas Pai (board member), Dr. S. Jaishankar, Ambassador of India to China and Mr. Rangarajan Vellamore, Chief Executive Officer, Infosys Technologies (China) Co., Ltd along with other senior officials.
Source : 27-05-11 Crazyengineers.com Compiled by Amresh Anjan
Ma Foi Sees Huge Job Opportunities In Healthcare Sector The Indian healthcare employment scene has been on the upswing compared to the global markets. In 2010, the sector saw 33,77,652 jobs created in the country and by this year-end, a total of 36,26,152 jobs with at least 15 per cent wage inflation is expected. Biotech companies, health insurance companies, hospitals, diagnostic laboratories and pharmacies are hiring as well. With over 4.7 million professionals in demand over the next 10 years the sector is a consistent employer. Penetration of health insurance, setting up of new healthcare facilities in tier2 and tier 3 cities( which are opening up new avenues for employment generation), growth of medical tourism for alternative therapies like Homoeopathy and Ayurveda are also providing new job opportunities.
Source : 21-05-11 Pharmbiz.com Compiled by Amresh Anjan
Indian Firms Hiring Workers In North America India's outsourcing giants, faced with rising wages at home, are looking for growth opportunities in the US with many of them hiring workers in North America. With Washington crimping visas for visiting Indian workers, some companies such as Mumbai-based Aegis Communications are slowly hiring workers locally as their largest corporate customers are based in North America. Aegis, a subsidiary of India's Essar Group, an energy, telecom and metals conglomerate, is quoted as saying it's pioneering the next generation of outsourcing: putting the work close to its global customers. Its executives call the practice "near-sourcing", "diverse shoring" and, sometimes, "cross-shoring". Companies such as Tata Consultancy Services , Genpact and Infosys are the largest users of the H-1B visa programme and have collectively brought as many as 30,000 workers into the country in a year on H-1B or other visas. But the companies that use the visa programmes have faced opposition from US labour unions as well as age-discrimination lawsuits from American tech workers alleging that they were passed over by the hiring practices.
Source : 23-05-11 Mangalorean.com Compiled by Amresh Anjan
Citi Chief Vikram Pandit Wins A Big Pay Deal Mr. Pandit earned a token annual salary of $1 as he steered Citigroup back into the black over the last two years. Citi's board awarded him as much as $16.5 million in stock and options as well as a cash payment valued at more than $6.65 million as part of a special profit-sharing programme for top executives.The payouts will be spread over the next four years and are subject to Pandit's meeting certain performance goals. They will be in addition to his regular salary and annual bonuses. The announcement comes as Citigroup recently posted its fifth consecutive quarterly profit and completed a reverse stock split that, with the stroke of a pen, ratcheted its share price to more than $40 from $4.Just three short years ago, Citigroup was in such dire straits that it twice needed to be rescued by the government. With the bank receiving more than $45 billion of federal aid, questions swirled about whether Mr. Pandit would remain at the helm. The large retention award seems to put those questions to rest.
Source : 20-05-11 Deccan Herald Compiled by Amresh Anjan
Netambit To Hire 300 In Bangalore In Next Two Months NetAmbit, India's leading financial services distribution company, has plans to hire 300 new employees at its Bangalore centre. The centre is already providing jobs to 350 people and aims to double in size over the next two months. The company, which has been growing in the last four years, is now looking at a rapid ramping up of operations with the growing awareness of diverse financial services.The company which has presence across tier 2/3/4 cities and towns, has grown from 13 to 154 locations between FY''06 and FY''10.
Source : 20-05-11 Yahoo.com Compiled by Amresh Anjan
Lakshmi Venu Appointed Vice President Of Sundaram Clayton Lakshmi Venu, daughter of TVS Motor CMD Venu Srinivasan, has been appointed as the vice president (global business development and strategy) for Sundaram Clayton Ltd, the holding company of TVS Motors. According to a company announcement, she would continue in her current role as director-strategy of the company.In September last year, the company appointed the 28-year-old Lakshmi Venu as director (strategy), in the rank of a managing director, of the company. Lakshmi Venu is soon going to be daughter-in-law of Infosys co-founder and chief mentor N R Narayana Murthy.
Source : 20-05-11 Business Standard Compiled by Amresh Anjan
Citibank Appoints Vikram Sud As Head Of Asia Pacific Citigroup appointed Vikram Sud as head of Operations and Technology (O&T) for the Asia Pacific region. Working from Mumbai, Mr. Sud would be responsible for managing the Bank's operations, technology and shared services across 18 countries. Vikram Sud joins Citi from Kotak Mahindra Group where he served as the Group Chief Operating Officer since 2006. Earlier, in his 20-year international career, he has been with Citibank holding senior leadership positions in O&T across various businesses in the Bank. He also served as the CEO and founder of eServe International, Citigroup's BPO venture in India, which was acquired by Tata Consultancy Services in 2008.
Source : 19-05-11 Moneycontrol.com Compiled by Amresh Anjan
Slow Turnover Rate For CEO's About 11.6% of CEOs left their job last year, the slowest rate of turnover since 2003, according to an analysis of 2,500 public companies released by consulting firm Booz & Co. The rate dropped from 14.3% in 2009.The drop in turnover came on the tail end of the worst recession in decades and might have been due, in part, to companies and CEOs hunkering down and avoiding change as they weathered the storm, said Booz & Co. senior partner Mr. Gary Neilson.CEO ousters tend to take time to work their way through company boards. So while some of the turmoil in 2009 might have caused company directors to stay the course in 2010, last year's rebound might make CEO departures more prevalent this year, says Mr. Neilson.
Source : 17-05-11 Wall Street Journal Compiled by Amresh Anjan
Aditya Gahlaut Appointed HSBC India Business Banking Head HSBC India has appointed Aditya Gahlaut as Head of Business Banking for HSBC in India. In this role, he will be responsible for providing strategic direction and day-to-day management of the group's SME business in India. Mr. Gahlaut joined the HSBC Group in 2000 and has had experience across commercial banking, corporate banking and retail banking businesses.
Source : 23-05-11 Hindu Business Line Compiled by Amresh Anjan
Tata Steel Announces 1500 Job Cuts In Europe India's Tata Steel said it would cut 1,500 jobs at plants in Britain because of falling demand for structural steel. Trade unions described the plans as a 'devastating blow' to the regions in northeast England where the plants are based.The Indian firm said it was proposing to close or mothball part of its Scunthorpe plant, near Hull, putting at risk 1,200 jobs, as well as cutting 300 jobs at its sites on Teesside, further in the Northeast. Tata said it arrived at the 'difficult' decision after incurring losses in its long products division for the past two years, particularly due to a decline in the construction industry.
Source : 23-05-11 Moneycontrol.com Compiled by Amresh Anjan
Women Expect Less Pay From The Start In Canada Despite decades of apparent gains toward workplace equality, Canadian women starting their careers still expect to earn considerably less than men and wait longer for promotions, a sweeping new study has found.A review of responses from 23,000 university students across Canada about their career expectations found that young women expected an average initial salary 13.5 per cent lower on average than young men aiming for equivalent jobs. And women expected to wait an average of 12 per cent longer than men to get their first promotion. The young women's expectations for raises also lagged well behind men's: They anticipated salaries after five years of working that were, on average, 17.5 per cent less than men anticipated.
Source : 20-05-11 CTVnews.com Compiled by Amresh Anjan
Rajesh Nellore Joins Axeon's Advisory Board Axeon, Europe's largest independent supplier of lithium battery systems announced the appointment of Dr Rajesh Nellore to its Advisory Board.An automobile veteran with over two decades of global experience; Dr. Nellore was till recently the CEO and Managing Director (India) of PSA Peugeot Citroen, where he guided the European company on its India entry plans for the past 3 years. Prior to this, he served as General Manager of Johnson Controls Inc. where he was responsible for expanding verticals, including purchasing, supplier management and logistics. He has also served with distinction in senior positions at General Motors, Saab and Fiat.
Source : 19-05-11 India Infoline Compiled by Amresh Anjan
