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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.
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