HR Articles: Jul-11 (Part-4)

For more article, Visit at : www.amreshanjan.co.cc   Google, Makemytrip Among Top Five Workplaces In India Google India, Makemytrip, Marriott, Intel and American Express were adjudged as the 'Best Companies to Work' in India this year in a study conducted by Great Place to Work Institute. As per the study, Google India, Intel Technology, Makemytrip, American Express India, Marriott Hotels are top five among the top 50 companies in India, Great Place To Work Institute India's CEO, Prasenjit Bhattacharya said here. Great Place to Work Institute is a pioneer in studying and recognizing the best workplaces around the world. For over 25 years and in 45 countries, the Institute has been conducting studies to identify and understand the best workplaces. Mr. Bhattacharya said that the overall expectation of employees remain the same as in 2010. Companies are putting in place new initiatives to retain talent like Makemytrip.com offering 70 per cent Esops to its workforce and American Express has special pregnancy care programme for female employees etc. The top 50 best workplaces are concentrated in Mumbai, NCR and Bangalore, but also have representation from Chennai, Pune, Vizag, Ahmedabad and Ludhiana. Source : 17-07-11   Financial Express   Compiled by Amresh Anjan Executives In Their 40s Setting Up Own Businesses A large number of top executives in their forties are quitting corporate jobs to establish their own businesses. The longing to be their own bosses and follow their interests is prompting executives to set up their own ventures. Suman Srivastava quit as CEO of advertising agency Euro RSCG to create a marketing innovation firm Marketing Unplugged. Hindustan Unilever's HR Head Harish Devarajan quit to set up People Unlimited, a leadership development consultancy. According to Mr. Devarajan, the move allows him to devote a large amount of time to leadership development which was not possible at his previous company. Richa Arora quit as Britannia's head of marketing a couple of years ago to set up her own business. Although several people said that it was rather silly to do so, starting a new business needs some risk-taking, she says. Source : 16-07-11   Hindu Business Line   Compiled by Amresh Anjan Cantabil Retail Appoints New CFO Delhi based apparel retailer Cantabil Retail India said that it has appointed Abani Kant Jha as Chief Financial Officer. Mr. Jha will take over from Sunil Chopra, who resigned from the post with effect from March 10, 2011 citing personal reasons, the company said in a filing to the BSE. Source : 16-07-11   Hindustan Times   Compiled by Amresh Anjan Firms Avoid High Cost Professionals: Globalhunt India Firms appear to be avoiding appointing high cost professionals with more experience, according to GlobalHunt India. Nowadays, at the top level, often a professional with 15 years of experience is performing the same task as a professional who has worked only eight years in the industry. Consequently,companies are opting for the executives with lesser experience as they are less expensive, according to Sunil Goel, director, GlobalHunt India. Global Hunt India is a recruitment solutions company. According to Mr. Goel, firms are recruiting employees for top posts by evaluating the 'relevancy of their experience'. Around 5-10% of executives in senior management are high cost professionals, he adds. Sectors such as infrastructure, power and energy as well as IT are seeing substantial recruitment across levels. However, demand for new manpower appears to have become sluggish in telecom, insurance, broking and real estate. Source : 19-07-11   Business Standard   Compiled by Amresh Anjan HUL Doubles CEO Pay To Rs 7.91 Cr In 2010-11 Hindustan Unilever (HUL), the country's larg¬est consumer staples company, has more than doubled the pay of its managing director and chief executive Nitin Paranjpe in financial year 2010-11 as the company achieved its target of double digit volume growth and started to stabilise its market share across categories.HUL has increased Mr. Paranjpe's an¬nual compensation fr¬om Rs 3.18 crore to Rs 7.91 crore in fiscal year 2010-2011. Mr. Paranjpe's package for the year gone by included annual performance bonus of Rs 2.18 crore, perqui-sites of Rs 3.82 crore, contribution to provide¬nt fund of Rs 21,61,000 and base salary of Rs 1.68 crore Source : 18-07-11   Financial Chronicle   Compiled by Amresh Anjan Igate-Patni To Recruit 7,400 In 2011-12 iGate-Patni, the combined entity after the merger of iGate and Patni Computer Systems, will recruit 7,400 employees in the financial year 2011-12, and indicated that it will be aggressive in hiring from next year."We are going to hand out 5,400 offer letters made by both sides this financial year. Besides, we are going to make another 2,000 offers by the year-end. We have been busy with the integration process this year. We will be far more aggressive (in recruitment) from next year. We have introduced a new recruitment system and compensation package," said Mr. Srinivas Kandula, Global Head (Human Resources) of iGate-Patni. The combined entity has a workforce of over 26,000 employees, with 16,400 from Patni and the rest from iGate. Source : 18-07-11   Hindu Business Line   Compiled by Amresh Anjan TCS May Increase Local Hiring Indian IT giant TCS is looking at increasing local recruitment for onsite projects to counter rising denials of visas to its employees by the U.S. According to TCS CEO and Managing Director N Chandrasekaran, the firm will also plan visas and project implementation well in advance. A large number of employees are sent abroad, particularly to the U.S. and Europe, by Indian outsourcing firms to work at client sites. The $60 billion Indian IT industry earns over 60% of its revenues from the U.S. However, visa rejections are not U.S.-specific, adds Chandrasekaran. In 2010, fees for H-1B and L-1 visas were hiked by at least $2,000 for US-based firms with over 50% employees on such visas up till 2015. This is expected to mainly impact Indian IT companies such as TCS, Infosys and Wipro, raising costs for them by $200 million yearly. Source : 18-07-11   Financial Express   Compiled by Amresh Anjan Rajagopal Srivatsa Joins Yes Bank As Group President Private sector lender Yes Bank has appointed Rajagopal Srivatsa as Group President — Liability Management and Transaction Banking.In his new role, Mr Srivatsa will be responsible for further developing liability offerings and executing segmented products and sales driven solutions, strengthening the product portfolio by pursuing and cross-selling trade finance, cash management services (CMS) and capital market solutions integrated with seamless product/sales management Source : 18-07-11   Hindu Business Line   Compiled by Amresh Anjan Private Cloud Will Create 1 Lakh Jobs By 2015: Study According to a study by EMC and Zinnov Management Consulting the private cloud market in India is expected to generate around one lakh jobs over the next four years. The cloud market in India is likely to touch $4.5 billion by 2015.The survey projects a rapid growth in the skilling and re-skilling market in India. The study indicates that IT/ITES, telecom, BFSI, manufacturing and government sectors will form a major chunk of the Indian cloud market. According to Pari Natarajan, CEO of Zinnov Management Consulting, cloud computing will restructure the Indian IT market by creating new opportunities for IT vendors. The findings are based on a review of around 100 CIOs and IT decision makers in India across industries. Source : 19-07-11   Financial Chronicle   Compiled by Amresh Anjan IT, ITES And Healthcare Sectors Witness 23% Attrition Rate In Q1 The information technology (IT) and healthcare sectors are witnessing the highest attrition rates among talented employees, making retention of critical manpower resources a key challenge.According to a study conducted by MyHiringClub.com, the IT and ITeS sectors saw the highest attrition rate of 23 per cent in the first quarter of 2010-11.The banking and financial services sector witnessed an attrition rate of 18 per cent, followed by healthcare (12 per cent), FMCG (11 per cent) and automobiles and manufacturing (11 per cent)."Attrition is a major problem with India Inc and it suddenly got increased in the first quarter of the current fiscal year. The major reason behind (this) was that firms had started paying more to newly hired employees."Beside pay packages, career level growth and relationships with supervisors are the other reasons for higher job attrition," MyHiringClub.com Founder and CEO, Mr Rajesh Kumar, said. The main reason for switching a job is pay packages (21 per cent), followed by career level growth (16 per cent), dissatisfaction with supervisors (15 per cent) and work pressure (14 per cent). Source : 19-07-11   Hindu Business Line   Compiled by Amresh Anjan CSC Appoints New Biz Head For India Operations Narendra Nayak has been selected by Computer Science Corporation (CSC) to head a new business division that focuses on domestic Indian clients. In his new role, the ex-IBM employee will report to Brian Manning, president and managing director of CSC India. Source : 19-07-11   Hindu Business Line   Compiled by Amresh Anjan Renault India Names Vice President Renault India has hired Rajiv Mitra as vice-president — public affairs and communications. He has replaced Ashish Sinharoy. Mr. Mitra will report directly to Sudhir Rao, deputy managing director and COO of Renault India, adds Rush Lane. Source : 20-07-11   Financial Chronicle   Compiled by Amresh Anjan Female Employees Plan Tax Better According to a study by TaxSpanner, an online income tax return filing portal, female employees appear to be better tax planners as compared to their male counterparts. The study disclosed that the average tax ratio of salaried women in the main Indian cities is 4% in comparison to 6% for salaried males. Tax ratio is defined as the percentage of one's salary that one pays as tax. The study reviewed staff from more than 500 companies in cities, including the Delhi NCR, Mumbai, Chennai, Bangalore and Hyderabad. The research revealed that Chennai and the Delhi NCR had the lowest average tax ratio of 5%, followed by Mumbai and Hyderabad at 6% and Bangalore at 7%.As per the report, females appeared to be more adept at tax planning by claiming house rent allowance exemption and deductions for health expenditure. Source : 20-07-11   Financial Chronicle   Compiled by Amresh Anjan Wipro's Attrition Rate Touches 23.2% In Q1 Swirling attrition continues to be a concern for Wipro, the country's third-largest software exporter, despite the company's recent makeover of its people management processes and HR policies. The company's attrition levels rose to 23.2% during the first quarter ended June 30 compared with 20.9% in the preceding quarter. Executives said the attrition was mainly at the 3-5 years experience level."More than 50% who left are in this bracket. People with 3-5 years of experience are the most valuable for any organization. And they are the most marketable as well. We did not give a salary hike for the last 16 months because of the restructuring, which delayed the appraisal cycle and many people left. We expect the attrition level to settle down in the coming quarters," said Saurabh Govil, senior vice-president, (HR), Wipro Technologies. Source : 21-07-11   Financial Express   Compiled by Amresh Anjan IBM To Give 30% Salary Hike To Indian Top Performers As IBM celebrates hundred years of its existence, the IT giant is giving its top performers in India wage hikes of 25-30 per cent. India is the largest centre for IBM in terms of employee strength outside of the US.The tech major is giving its standard performers 15-20 per cent hike. For IBM, the salary hike is effective from July 1, according to two senior company officials. When contacted, IBM India spokes¬person said, "As a global policy we do not comment or share information on salary or related data."IBM's wage hikes appear higher than the average salary hikes doled out by peers such as Infosys, TCS and Wipro. For example, Wipro's annual cycle of wage revision effective June 1 saw offshore salary increases by 12-15 per cent and onsite increases at around 3-4 per cent. Similarly, TCS said in April that the Tata Group firm would give hikes to the tune of 12-14 per cent to its employees in the country. Infosys gave wage hikes, effective April 1, to the extent of 10-12 per cent for offshore employees while onsite hikes were in the order of 2-3 per cent. Source : 20-07-11   Financial Chronicle   Compiled by Amresh Anjan Sistema Shyam Board Inducts Four New Directors Sistema Shyam TeleServices Ltd (SSTL), which offers telecom services in India under the MTS brand, today expanded its management board to 13 members from nine previously.The company appointed Mr Feliks Evtushenkov and Mr Alexey Buyanov as directors on the company's board, SSTL said in a statement. Additionally, the company also appointed former Tata Sky Managing Director and CEO, Mr. Vikram Kaushik, and the Indian Society of Advertisers Chairman, Mr Bharat Patel, as Independent Directors on the SSTL board. With these appointments, the SSTL board's strength is now 13 members, it said. Source : 19-07-11   Hindu Business Line   Compiled by Amresh Anjan Reliance Broadcast Names Big Magic Sales Head Reliance Broadcast Network has hired Abhay Ojha as national sales head of its regional television channel Big Magic. He will be responsible for sales and revenue generation for Big Magic and report to Executive Vice President of Sales and Revenue Praveen Malhotra. Source : 23-07-11   Exchange4media.com   Compiled by Amresh Anjan Indian IT Firms Start Leadership Programmes For Women IT firms are introducing leadership programmes for women in order to boost their number in senior management. Indian IT giants, such as Infosys and Wipro, have started workshops and implemented policies to help female personnel reach top management positions. Multinationals such as IBM, Cisco, HP etc, already have procedures in place for this purpose. Indian IT organisations have begun selecting women workers who can be prepared for future leadership through career programmes that teach them how to tackle personal and professional challenges. Smaller firms like MindTree and Mindteck are also training women to help them advance to senior positions. A diversity research, released last year, by Nasscom and PricewaterhouseCoopers shows that the promotion rate for women was the lowest in the IT industry. An assessment by Infosys a few years ago showed that the male to female ratio of eligible managers was skewed in favour of men. To correct this, the firm started including at least one female representative in promotion and recruitment panels. The firm has also started teaching first-time female managers about job-related competencies. Source : 22-07-11   Financial Express   Compiled by Amresh Anjan Microsoft U.S To Recruit For Research From Indian Colleges Microsoft will start recruiting students directly from India's top colleges to work at its campus in Redmond. Currently, only its India unit, Microsoft Corporation India, hires directly from Indian colleges.According to S Somasegar, senior vice-president, developer division of Microsoft, Anna University will be amongst the first from which the company will hire for research and development. Microsoft is also providing software tools to all of the university's 570,000 students. Microsoft started operations in India in 1990, and has a head count of 5,300 in the country. It has six business divisions - marketing, development centre, global technology centre, Microsoft IT, Microsoft Global Services India and Microsoft Research. Source : 26-07-11   Hindu Business Line   Compiled by Amresh Anjan Reliance Life To Add 6,000 Agents In 2011 Anil Ambani Group firm Reliance Life today said it will hire 6,000 insurance agents this year as part of plans to expand its reach in rural markets. Unlike the traditional model of paying commission to insurance agents on the basis of the business generated by them, the rural agents would be recruited under this new programme on a fixed income structure, the company said. These agents would also be paid a stipend during their training and induction period, a top official told visiting Indian journalists here."We have understood that in smaller locations, the agents take a longer time to come up the learning curve. With this initiative, we will provide them the necessary encouragement and support to help them join and stay in the insurance field," Reliance Life Insurance Company President and Executive Director Malay Ghosh said. This would be different from the current model, wherein the agent is on a pure commission structure, and a fixed component would also ensure that the agent would work full-time and be more committed to this job, he added. Source : 21-07-11   Financial Express   Compiled by Amresh Anjan Volvo Auto India Appoints New MD Volvo Auto India, the luxury car arm of the Swedish automaker, has appointed Tomas Ernberg as its managing director. Mr. Ernberg, 40, who takes over from Paul de Voijs, has been associated with Volvo for the past 17 years. He was previously regional managing director for Volvo in Dubai, from where he managed 13 markets in West Asia and North Africa. During Mr. de Voijs' tenure, Volvo grew significantly in India, launching two luxury sports utility vehicles, XC90 and XC60, and two luxury sedans, S80 and S60. Source : 21-07-11   Mint   Compiled by Amresh Anjan One Last Chance To Rub Shoulders With The Masters @NASSCOM HR Summit 2011 For a professional, there is always space and scope for new ideas and fresh thinking, given that transitions herald newer challenges and transformed roles. As HR professionals, have you already sensitized yourself to the changed needs of your employees? In order to discuss and deliberate upon the new normal for soft assets, your peers have joined NASSCOM HR Summit 2011 and we are even more confident that there is reason for you to be there too!We have closed the online registrations but there is still a chance for you to join the big league. You can walk in and register at the venue. Source : 19-07-11   www.nasscom.in/hrsummit   Compiled by Amresh Anjan

HR Articles: Jul-11 (Part-3)

For more article, Visit at : www.amreshanjan.co.cc   June Witnesses 4% Rise In Hiring: Naukri.Com Hiring by Indian companies rose by 4% in June 2011 as compared to May, according to the monthly Naukri Job Speak Index of Naukri.com. According to the report the indices for banking and capital goods sectors rose by 9% and 7%, respectively in June over the previous month. Hiring activity in the pharmaceutical sector also showed an upward trend with an increase of 9%. The telecom sector witnessed a 17% fall in June as compared to May. City-wise, the job index revealed that hiring activity in Hyderabad, Bangalore and Chennai increased by 15%, 10% and 9%, respectively. Recruitment in Kolkata decreased by 6% and by 4% in Delhi. Source : 07-07-11   Naukri.com   Compiled by Amresh Anjan U.K. Firms Pull Out Of India As Labour Costs Rise In the wake of the Indian workforce losing its charm of being inexpensive, U.K. firms are moving out of the country to find cost-effective talent. New Call Telecom's Mumbai-based call centre is relocating to Lancashire as employment costs are turning out to be less in the U.K. than in India. Companies in the U.K. and the U.S. were earlier outsourcing jobs to India as Indian staff was paid less. Rising salaries are now compelling such firms to shift base due to smaller profit margins.As per a report by Aon Hewitt, salaries in India will increase by around 12.9% in 2011. Mr. P Vijayakumar of Center for Social and Organisational Leadership at Tata Institute of Social Sciences believes cost benefit depends on exchange rates and availability of skilled workers. Owing to the changing trend, Indian IT firms are also recruiting outside India. Source : 08-07-11   Mail Today   Compiled by Amresh Anjan Women make up only 30% of EPZs' workforce Presence of women workers in export processing zones (EPZs) in India is very less as compared to that in other countries like Bangladesh and Sri Lanka, according to a report released by UN Women. The report reveals that in India women make up only 30% of the workforce in EPZs in spite of these zones offering relatively safer work conditions. Employment laws in Sri Lanka and Bangladesh place curbs on women working at night but in India women can work the same hours as men at night. However, Indian women do not like working in EPZs because these are mostly located in the outskirts or remote areas. Traditionally, women favour jobs near their homes and avoid travelling to far flung workplaces. Employers would also prefer not having to provide transport to women who work late. Source : 08-07-11   Hindu Business Line   Compiled by Amresh Anjan Deutsche Bank May Appoint Jain As Co-CEO Deutsche Bank AG, Germany's biggest bank, may name investment-banking head Anshu Jain co-chief executive officer (CEO) alongside a German-speaking board member to succeed Josef Ackermann. Mr. Jain, an Indian who heads the corporate and investment bank, became the front runner after UBS AG announced the hiring of Axel Weber as chairman last week, removing the ex-Bundesbank chief from contention for the top job at Deutsche Bank. Investors including Hermes Equity Ownership Services, which represents more than 20 pension funds and asset managers, have urged the Frankfurt-based bank to map a succession plan for the 63-year-old Ackermann, whose contract expires in 2013. Source : 09-07-11   Business Standard   Compiled by Amresh Anjan Bharti Airtel Units Merger May Cut 2,000 Jobs Bharti Airtel is planning to merge three of its businesses, which may lead to about 2,000 jobs being cut. As part of the restructuring of its India and South Asia businesses, Bharti Airtel will combine its mobile, satellite television; fixed-line and broadband businesses into a single unit. Bharti will have one unit focusing on its consumer business and another marketing group focusing on sales initiatives. K Srinivas will lead the consumer business, while three executives will head the sales group in three regions across India and South Asia. Ajai Puri will be operations director for northern and eastern regions in India and for Bangladesh. Vineet Taneja will head the sales initiatives in southern India and Sri Lanka. Raghunath Mandava will head the sales efforts in western India. The trio will report to Bharti CEO for India and South Asia operations Sanjay Kapoor. Some of the employees being affected by the merger will be moved to Bharti's group companies and partners. Source : 07-07-11   Wall Street Journal   Compiled by Amresh Anjan Aricent Appoints Procurement VP Sharad Gulla has been appointed by technology service provider Aricent as vice president of procurement and sourcing. He will be responsible for strengthening the Aricent Group's focus and commitment on transforming and optimizing the procurement and sourcing functions. Previously, he was working with Bank of America's non-banking subsidiary BA Continuum, India. Source : 07-07-11   Domainb.com   Compiled by Amresh Anjan Ladderup Group Ropes In Deepak Ladha From Lazard India Ladderup, a boutique investment bank has appointed Deepak Ladha a senior executive from Lazard India on its board as executive director to target big ticket domestic and cross-border merger & acquisitions (M&A) transactions. Mr. Ladha has over 13 years of experience in the corporate finance space and his last assignment was with Lazard India where he worked for over 6 years as director in the advisory business with a focus on M&As.Prior to Lazard, Mr. Ladha worked with HSBC in their corporate finance team for 5 years and with Rabo India for 2 years. Source : 04-07-11   VCCcircle.com   Compiled by Amresh Anjan Corporates Introducing Strategies To Attract Female Workers Firms are now looking for ways to increase their female staff strength as women form a large percentage of the available employable talent and also display more stability in jobs. Corporates are coming up with gender-specific strategies and flexi-time options to hold on to women employees.HR consultant S Nandiraj says a woman's job change, particularly among the married ones, is influenced by factors such as family, children and work timings. Consequently, normally they do not change jobs frequently. It is seen that women remain in their jobs longer if their employers helps them through marriage and childbirth, states Srimathi Shivashankar, assistant vice president (diversity), HCL Technologies. Women make up 24% of the staff at HCL Technologies, which has launched a microsite for women graduates to help them plan their careers. Sodexo India CEO Sunil Nayak believes that the office should be made more comfortable for women and men should be made more gender sensitive. Source : 07-07-11   Asian Age   Compiled by Amresh Anjan India Inc Sees Virtue In Non-Pliable Board Board level hiring for independent and non-executive directors has doubled over the past two years and is set to see a 40 per cent jump over the next year."There has been a 30-40 per cent upsurge in demand for non-executive directors in most companies. The trend is a result of the demand for added expertise that companies need due to product and services expansion," said Jyorden Tsering Misra, managing director of Spearhead InterSearch, an executive search consultancy.A case in point is India's third largest information technology (IT) service provider, Wipro. It recently appointed M K Sharma, former vice-chairman, Hindustan Unilever, to its board as a non-executive director. The appointment took the number of such directors on the board to nine of a total strength of 12. Source : 07-07-11   Business Standard   Compiled by Amresh Anjan Recruiters Focus Is Turning From Academic To Extra-Curricular Activities Recruiters have now started to focus on extra-curricular activities of a potential employee rather than just his academic scores. According to Arvind's human resources head (denim and corporate) Shobhit Tyagi, the hobbies of a management candidate matter more than his resume.A student's involvement in extra-curricular activities gives employers an opportunity to evaluate the candidate in a different way. Hobbies and extra-curricular activities of a student differentiate him/her from others in a B-school where most students have similar profiles.According to Priti Rajora, vice president and global head for talent acquisition at Wipro Technologies, the company looks at softer skills of candidates, their ability to work in a changing environment and head teams, besides domain-related knowledge and abilities. Source : 07-07-11   Business Standard   Compiled by Amresh Anjan Alcatel-Lucent Appoints India Chairman Alcatel-Lucent has named Arun Seth as the new chairman of its India operations, The Hindu Business Line reports. He will be working closely with Alcatel-Lucent President Rajeev Singh-Molares. Mr. Seth is joining the Paris-based telecom provider from BT India, where he will continue to serve as non-executive chairman. Source : 07-07-11   Hindu Business Line   Compiled by Amresh Anjan TATA Technologies To Hire 400 People By 2012 Embarking on an expansion plan, TATA Technologies will hire 400 people by March 2012 which will take its head-count to over 5000. We are significantly ramping up our presence, our new Bangalore centre is a step in that direction. We are hiring aggressively and by fiscal-end, we should have more than 5,000 employees," Tata Technologies President, Global Services, and Chief Operating Officer (Asia Pacific) Samir Yajnik told PTI.These people will be hired across various centres, he added.The Tata group company provides services in engineering and design (E&D), product lifecycle management (PLM), enterprise solutions, manufacturing and product development IT services. Source : 26-06-11   Financial Chronicle   Compiled by Amresh Anjan Spicejet Hires Chief Commercial Officer SpiceJet has hired R Neelakanthan as its new chief commercial officer. Mr Neelakanthan, vice president finance at the Gurgaon-based low-cost airline, will replace Seema Chandra who has resigned from the post. Source : 07-07-11   India Infoline   Compiled by Amresh Anjan Firstsource Hires New Deputy Managing Director Firstsource Solutions has hired Rajesh Subramaniam as its new deputy managing director and CFO. He is rejoining the BPO services provider from Walden India Advisors, where he was managing director, responsible for heading investment initiatives and management of portfolio companies. Source : 06-07-11   Firstsource.com   Compiled by Amresh Anjan MRF Lifts Lock Out At Kerala Plant Leading tyre manufacturer MRF decided to lift the lockout at its plant at Vadavathoor in Kottayam after holding successful talks with union leaders here. The meeting was convened by Regional Joint Labour Commissioner Vincent Alex to find a solution to the differences between the management and the unions on trivial issues. The plant will start operation on Friday morning, MRF sources said. The suspensions of three employees' leaders have been revoked. The Regional Joint Labour Commissioner will study other issues and submit their report within a week. Source : 24-06-11   ibnlive.in.com   Compiled by Amresh Anjan Infosys Hiring Veterans To Meet Demands Infosys Ltd has started aggressively hiring laterals, with more clients pushing IT majors to get their projects off the ground faster.Hit by weak booking of projects because of lack of senior resources, Infosys has increased lateral hiring to 40 per cent of gross hiring (about 45,000 during the current fiscal), which it plans to continue for the fiscal.The increase in lateral hiring is the highest during the last 16 quarters for Infosys, which has always focused on hiring more freshers. According to an analyst with IDFC, hiring of project managers and solution architects, who are needed during project bookings, would help Infosys capitalise on strong demand. Mr. Vinay Nijhawan, co-founder and head, corporate relations and HR, Purple Leap (a company that builds campus-corporate relationships), said companies whose business model rests on the cost arbitrage factor do make some changes in the fresher to lateral hires. Source : 05-07-11   Hindu Business Line   Compiled by Amresh Anjan Rajiv Vaid Appointed As COO Of Daiwa Capital Markets Investment bank Daiwa Capital Markets said it has appointed Rajiv Vaid as Chief Operating Officer (COO).Prior to his appointment at Daiwa Capital Markets, Mr. Vaid, who has over 23 years of experience, was working with Citigroup Global Services as Chief Operating Officer. He completed his graduation in engineering from IIT, Roorkee, and his MBA from IIM, Ahmedabad. Mr. Vaid will be based in India and will be part of Management Board , along with Daiwa Capital Markets India President and CEO Hiroaki Kato, a statement from Daiwa Capital Markets said. Source : 05-07-11   Moneycontrol.com   Compiled by Amresh Anjan India To See 12.7% Increments, Extensive Hiring: Mercer Double-digit salary increases and creation of new jobs will continue in the Indian economy, says a survey conducted by the consulting firm, Mercer. According to the Mercer India Monitor, a study of 90 companies released last week, India Inc is expected to provide an average salary hike of 12.7%, with the automobiles sector providing an estimated 14% hike, with IT & Telecom at the lower end of the spectrum, with 11.8%. Salary hikes across sectors, however, remain higher than last year, with the exception of pharmaceuticals, where the increase is estimated to be about 12.8% in 2011, down from 13% last year. Other sectors like chemicals may see a 13.4% salary increment, while consumer durables, financial services & insurance and manufacturing are likely to dole out hikes of 13.8%, 12.6% and 13.4% respectively. Source : 05-07-11   Hindustan Times   Compiled by Amresh Anjan Sterling Holiday appoints Managing Director Sterling Holiday Resorts' former executive Ramesh Ramanathan has re-joined the firm as managing director. Prior to this, he served at Mahindra Holidays as CEO, Managing Director and a member of the group executive board. Source : 05-07-11   Financial Chronicle   Compiled by Amresh Anjan Aditya Vij Named CEO At Fortis Healthcare (India) Limited Fortis Healthcare (India) Limited announced the appointment of Aditya Vij as the company's Chief Executive Officer. Mr. Vij has rich management experience spanning three decades in the corporate world with a proven track record of developing and turning around businesses in various leadership positions. He joins Fortis from Punj Lloyd where he held the position of Group President - Defense, a role in which he was responsible for setting up the Defense and Nuclear Power verticals for the Group. Source : 04-07-11   Fortishealthcare.com   Compiled by Amresh Anjan Deccan 360 To Lay Off 360 Employees Deccan 360, the logistics venture launched by India's budget airline pioneer Captain GR Gopinath, is set to lay-off employees. The venture has been hit by lack of critical infrastructure in the country that cancelled out the advantages of air cargo shipping.Reports suggest that the company has emailed 600-odd staff asking them to look for alternative employment. In the email the company's HR department cited lack of funds as the reason for this restructuring. Source : 09-07-11   Domainb.com   Compiled by Amresh Anjan Mid-Tier Companies In India Have Plans To Resort To Campus Hiring This Fiscal Year Here is some good news for IT freshers! Mid-tier IT companies have plans to focus on campus hiring. These are the companies that were playing it safe in terms of hiring for the past two years, but have now accelerated the process of campus hiring. The global economic slowdown affected adversely the business of these companies, with top-tier companies grabbing IT orders. That was the time when mid-tier companies had no choice but to employ experienced people from the industry to meet the requirements of the clients. But with rise in global IT spends, mid-tier companies have a ray of hope. In fact, they have started benefiting, which is why they are in a position to hire freshers. For instance, MindTree plans to make 2,400 campus offers this year--the highest ever in the company's history Source : 04-07-11   EFYtimes.com   Compiled by Amresh Anjan Event Update: NASSCOMM HR Summit, 2011 The NASSCOM HR Summit 2011 is an annual congression of CEOs and HR professionals from the IT, BPO and customer organizations. This year, the ninth edition of the Summit will be held in Chennai between July 27 and 28th at the Le Meridien. The lineup of speakers includes global industry leaders like David Smith, the author of Workforce of One, Pat Milligan who heads HR at Mercer, Author and Personal Development Trainer Steve Atchitson, and Indian industry veterans like R Gopalakrishnan. You will also get to hear the HR heads of premier IT companies including Accenture, Infosys, Wipro, LinkedIn, IBM, Cognizant, MphasiS, Aegis, speak about their best practices and more. Day two at the Summit is devoted only to MasterClasses by global faculty – RBL Group MD Robert Gandossy, Denis Brousseau, author of IBM's CHRO, Prof. Bernd Vogel of Henley Business School, and Richard Payne, Practice Leader, Human Capital, Asia Pacific, Aon Hewit. Given NASSCOM's commitment to skills and talent development, the Summit is hosting a special track that will discuss this aspect threadbare. Source : 08-07-11   Nasscomm.com   Compiled by Amresh Anjan

HR Articles: Jul-11 (Part-2)

For more article, Visit at : www.amreshanjan.co.cc   Addition Of Jobs See A Steep Fall In 2010-11 Even as aggregate employment prospects have improved gradually over the last five years, factory employment data show a decline in the last fiscal.Latest labour bureau data show 2010-11 trailed the previous fiscal in creating jobs in the organised sector. In 2010-11, eight major sectors with the largest employment footprint created less than a million jobs (9.7 lakh), which is 26% below the 1.32 million jobs created in 2009-10.The slack in adding jobs is also a reflection of the higher capital intensity in the Indian industry. Companies often go slow on labour addition thanks to tough employment rules preventing retrenchment. Emerging from the downturn of 2008-09, employers have been wary of fresh hiring. Source : 05-07-11   Financial Express   Compiled by Amresh Anjan Asian Salaries To Exceed US Pay Packages Top executives in the Asia Pacific region, especially in countries like India and China, are likely to witness rapid rise in their pay package this year, and their renumeration in the next three years is likely to surpass of those in the US, says a survey. According to HR consulting firm Mercer's latest Executive Renumeration Perspective rapid growth, talent shortage and inflation in countries like India and China have created record increases in executive pay. This is ushering in a new trend wherein employees in Asia are paid more than their contemporaries in Europe and the US. "Global growth, regional hotspots and executive talent shortages are leading to a dramatic change -- by region – in pay for performance and executive renumeration program design and governance," Mercer said.Executive salaries in Asia are already higher than the Europe and with an annual increase rate higher than in the US, we expect Asian executive salaries to surpass those in the US within the next two to three years, the report said. Source : 25-06-11   Financial Express   Compiled by Amresh Anjan IT Companies Seek Temps Due To Dearth Of Skilled Staff And Visa Troubles Shortage of skilled technical staff coupled with difficulty in obtaining H1-B visas for employees is prompting Indian IT companies to hire more temporary staffers in overseas locations. According to E Balaji, CEO of manpower consultancy firm Ma Foi Randstad, IT firms can cut their costs in the U.S., the U.K. and other European countries by about 10% by appointing temporary staff. Using temporary employees, companies can also increase or decrease their headcount depending on the amount of business in hand. The temporary-staffing business has even survived the recession. Sunil Goel, director, Global Hunt India, says that companies prefer hiring short-term employees for about six months and later, retaining them as full-time workers if they prove to be valuable resource. Source : 04-07-11   Hindu Business Line   Compiled by Amresh Anjan Unemployed Persons Get New Jobs On Improved Economic Conditions A study by MyHiringClub.com has revealed that a large number of people, jobless during the last two years in India, have got new jobs due to improved economic environment. The survey reviewed more than 2,860 people unemployed from June 2009 to May 2010. Nearly 46% of the survey participants, who were laid off or quit their jobs during the period, got new opportunities, while 18% were re-appointed by their previous employers. Almost 72% of the surveyed people found full-time jobs, 21% set up their own projects and 9% got part-time employment. Some of the people who obtained new jobs had to relocate and compromise on the pay. The survey also revealed that only 41% of the female respondents got new employment as against 59% in the case of the male participants in the survey. Source : 03-07-11   Hindu Business Line   Compiled by Amresh Anjan D-Link India Names CEO D-Link India has hired Tushar Sighat as the new CEO for India and the SAARC region, India Infoline reports. He is joining the firm from Cyberoam - Elitecore Technologies, where he was senior vice president of sales operation for India and SAARC. Source : 03-07-11   India Infoline   Compiled by Amresh Anjan Women Representation Poor In India Inc Male employees still outnumber their female counterparts in mid and top level management positions, according to speakers at a HCL-NASSCOM organized discussion. This is in spite of the Indian IT/ITES sector recruiting around 6.5 lakh women during the last four years, which comprises 26% of the 25 lakh workforce. Women comprise 70 to 80% of the staff of companies with less than 1,000 workers and those set up during the last five years. This was disclosed to attendees at the discussion on rebalancing workforce from gender perspective. According to Geetha Kannan, consultant from Diversity and Inclusion (D&I), the decreasing number of women at the mid and top level in industry is linked to the dropout figures at schools. Source : 01-07-11   Deccan Herald   Compiled by Amresh Anjan Maheshwari Resigns As Dunlop India CEO Shiv Maheshwari, CEO and executive director of Dunlop India, has resigned from his position. He was appointed as CEO in August last year after Rakesh Budhiraja stepped down from the position. Source : 01-07-11   Livemint   Compiled by Amresh Anjan GDP Growth Of 1% Can Create One Million Jobs A 1% rise in India's GDP can generate one million new jobs, according to Chief Economic Advisor Kaushik Basu. The basics of the Indian economy are robust enough in the medium and long term for the economy to maintain a growth rate of over 8%, he said.India's per capita income may reach around $10,000 by 2039 if the economy continues to grow at over 8% for the next 25 years, he added. The per capita income currently stands at $1000.The economy, which grew by 8.5% in the last fiscal, is expected to maintain this growth rate in the current financial year also. However, supply side pressures on inflation may restrict growth in the immediate future, according to the Reserve Bank of India Deputy Governor, Subir Gokarn. Source : 29-07-11   Financial Chronicle   Compiled by Amresh Anjan Indian Firms Turn To NRI's For Top Roles Companies in India, including Tata Motors, Larsen & Toubro (L&T), Aditya Birla Group, ABB, Novartis and Cognizant, are seeking to hire Indians working abroad. These companies are appointing Indians to take up senior roles. The Aditya Birla Group recruited Indian technical executives from abroad for senior and mid-senior management positions. L&T appointed Indians from overseas, especially for posts that require specialist knowledge that is not available in the country. According to some HR experts, restrictive practices in the U.S. and other markets, where companies favour locals, are pushing a few Indian professionals, working abroad, to return home. This gives Indian companies the opportunity to tap some good talent with international working experience. Source : 29-06-11   Financial Chronicle   Compiled by Amresh Anjan Bata India names Non-Executive Chairman With an eye on pushing up its turnover four times in the next five years, Bata India is foraying into rural markets. The company, which has so far restricted itself mostly to catering to the metros and big cities will now aggressively, pursue its plans for tier II & III towns. The company also introduced its new non-executive chairman, Uday Khanna. Mr. Khanna was the former CEO of Lafarge India and he will take over from Mr. PM Sinha in July. Source : 29-06-11   Financial Express   Compiled by Amresh Anjan HCL Likely To Hike Wages Up By 14% In July HCL Technologies is all set to hike its employees' salaries. This comes close on heels of major companies in IT sector like Infosys and Wipro that have announced wage hike in April this year. The company is expected to increase its employees' salary by 10-13 per cent for 2011-12. HCL Technologies' wage revision happens in July every year. "In HCL, we will have our wage revision in July. We will disclose it during our fourth quarterly result in July. We are watching the market and we will be competitive. I cannot disclose by how much, but it will sure be market competitive," senior corporate vice-president and chief customer officer, HCL Technologies, Rajiv Sodhi Source : 28-06-11   Financial Chronicle   Compiled by Amresh Anjan Ajay Agrawal To Step Out Of His Role As Chief Solutions Officer Of Unitedlex Ajay Agrawal, co-founder and chief solutions officer of UnitedLex, has resigned from his current position. Mr. Agrawal, who founded the technology-powered legal and business solutions provider in 2006, has left the board of directors of the company to pursue other opportunities. Source : 28-06-11   Business Wire   Compiled by Amresh Anjan APPSC Plans To Do Away With Job Interviews The Andhra Pradesh Public Service Commission (APPSC) is likely to do away with the interview system for recruitment into all government jobs except Group-I services. A proposal to this effect is under consideration by the state government which is likely to take a decision shortly. If approved, the new system will apply to all future recruitments to government jobs including Group-II services. Over the past few years, the APPSC got entangled in various controversies over irregularities in recruitment of candidates in government jobs. The allegations of irregularities were more during the tenure of APPSC former chairman Y Venkatarami Reddy following which the state government has appointed the then special chief secretary for health J Satyanarayana to inquire into the alleged irregularities in selection of candidates by the APPSC. Mr. Satyanarayana, who is currently the special chief secretary to the chief minister, submitted his report recently with recommendations for improving the process of recruitment by the commission. In his report, Satyanarayana is learnt to have recommended for dispensing with the interview system for all categories except Group-I services which are mainly executive posts. Source : 03-07-11   ibnlive.in.com   Compiled by Amresh Anjan IT Freshers' Salary Remains At Pre-Recession Level Though the recruitment of fresher's has gained momentum in the information technology (IT) sector, salary packages offered to campus recruits have remained almost at the pre-recession level. Remunerations of senior executives have, however, increased considerably. The joining annual salary of fresher's in 2008 was in the range of Rs 2.5 lakh to Rs 3 lakh in several Indian and global IT companies. In 2011, the joining salary has remained the same, except in some cases where it has gone up marginally. The job market had started experiencing the effect of recession from the later part of 2008, which continued for nearly two years. The average joining salary at Mahindra Satyam is Rs 3.07 lakh per annum this year, which is a notch higher from Rs 290,000 in 2008.For most Indian IT companies, the joining salaries have not gone up. Tata Consultancy Service (TCS) is offering freshers in the range of Rs 3.1-3.2 lakh, while Infosys is offering Rs 3.2 lakh. The salary packages offered to freshers by mid-sized IT services firms are Rs 3 lakh each. Most IT firms agree the salary levels for campus recruits were at the same level as in 2008. Source : 30-06-11   Business Standard   Compiled by Amresh Anjan

HR Articles: Jul-11 (Part-1)

For more article, Visit at : www.amreshanjan.co.cc 51% Workforce Self Employed: NSSO Survey More than half of the country's overall workforce is self-employed, even as female employees receive less remuneration than their male counterparts for doing similar jobs, as per the data of a government survey. While 51 % of the country's total workforce are self-employed, only around 15.6 % are 'regular wage/salaried' employees and 33.5 % are casual labours, the key indicators from a survey the National Sample Survey Office (NSSO) revealed. Among workers in rural areas, about 54.2% are self-employed, while only 41.4 % of the workforce in urban areas is self-employed. Only 7.3 % of workers in rural areas are regular wage earners, while 41.4 % of workers in cities are getting regular salaries. The findings of the NSSO also reveal that women workers, both in rural and urban areas, continue to receive less remuneration than their male counterparts. In urban areas, the average wage is Rs 365 per day and it is Rs 232 in rural areas. The NSSO survey found that the average earning per day received by male workers is Rs 249 but it is only Rs 156 in case of female workers, indicating the female-male wage ratio at 0.63.Similarly, in urban areas males earn Rs 377 as against Rs 309 by women, indicating a ratio of 0.82.The indicators are based on a central sample of 1,00,957 households of which 59,129 were from the rural areas and 41,828 from urban areas. This was the 66th round of the survey by NSSO. Source : 24-06-11   Hindustan Times   Compiled by Amresh Anjan Many Millennials Opt For Job Satisfaction Over Pay: US Study A significant percentage of the new generation of professionals values meaningful work over money, according to a study by the Career Advisory Board at DeVry University. The study states that job satisfaction is considered to be one of the three ruling factors for a successful career by the younger set of workers..Aged 21-31, this group has a different attitude towards job satisfaction and pay than what it was perceived to have earlier, as per the study. About 30% of the 500 millennials surveyed said they listed meaningful work that provides a sense of achievement as the most vital element for success. Employers were earlier of the view that money and a high level of responsibility were more important for millenials. High pay is still ranked as most important by 27% of those reviewed. However, a "sense of accomplishment" is nearly equally important at 24%. Source : 21-06-11   Hindustan Times   Compiled by Amresh Anjan Subrata Roy Resigns From Sahara Group Firm Board Housingfina Corporation said that its promoter-director Subrata Roy has resigned from the board of the company. The company, which is part of the Roy-led Sahara group and is engaged in the business of providing home loans, did not provide any reasons for the resignation. Subrata Roy has tendered his resignation from the directorship of the company vide his letter dated June 17, 2011," Sahara Housingfina Corporation Ltd (SHCL) said in a regulatory filing to the BSE. Source : 21-06-11   Financial Express   Compiled by Amresh Anjan MK Sharma To Join Wipro Board Wipro announced that Mahendra Kumar Sharma, former vice-chairman of Hindustan Unilever, is joining its board of directors. Mr. Sharma joins 11 members of Wipro's board of directors. With his addition, nine of the 12 directors of Wipro are independent directors, a company press release said. Wipro chairman Azim Premji said, "We welcome MK Sharma on our board. Wipro has always adopted highest standards of transparency and adherence to responsible and ethical conduct in all aspects of business operations." Mr.Sharma's appointment will be effective July 1, 2011. Source : 21-06-11   Financial Express   Compiled by Amresh Anjan Start-Ups Creating Jobs In Smaller Cities Start-ups and new-age venture firms are generating job opportunities in tier II and III cities in the fields of sales, marketing, operations and logistics support, Financial Chronicle reports. These job openings are coming up in sectors like e-commerce, retail marketing and servicing and tourism. Snapdeal, an e-commerce site started in 2008, already employs over 400 workers across 50 cities and towns. Channelplay, launched in 2006, is involved in visual merchandising, sales force outsourcing and experimental marketing. The firm has a staff of over 2500 spread across 200 locations including metros and smaller towns. Big brands like Nokia, Blackberry and Lifestyle are looking to expand in smaller towns such as Rajkot, Raipur and Indore where there is a large consumer base seeking to buy their products. However, for this purpose these companies use the services of start-ups instead of doing everything on their own. Source : 22-06-11   Financial Chronicle   Compiled by Amresh Anjan Indian Companies Do Not Report 88% Of Frauds: Survey Majority of corporate frauds in Asia, particularly India, are not reported, according to a survey by global consultancy firm KPMG. It has been reported that about 88% of fraud cases in India are not made public. The survey is based on a review, done by KPMG, of 348 actual fraud probes in 69 countries. As per the findings, enforcement action was taken in 25% of the cases, while fraud led to resignation or voluntary retirement in 19% of the instances. The survey reveals that a fraud may remain undetected for over 10 years in Asia. Complicity of different functions or external parties' leads to evasion of controls and a consequent increase in frauds, according to Rohit Mahajan, executive director, forensic services, KPMG. Source : 22-06-11   Indian Express   Compiled by Amresh Anjan 31,500 TCS Employees Quit In Fy 2011 Tata Consultancy Services witnessed a high rate of attrition in 2010-11.. The firm saw an exit of 31,500 employees in this fiscal, while 69,685 new employees were added in India and abroad. TCS's headcount stood at 1,60,429 as on April 1, 2010, which increased to 1,98,614 as on March 31 this year. In terms of gross additions, 62,092 people were added in India, while 7,593 were added overseas, it said. During the year, 26,899 people hired from India quit, taking the net addition to 35,193 in India. With the return in demand for IT services, attrition has become the major concern for IT firms. The industry is now on a hiring spree to counter the trend. For the overseas operations, the attrition was high with 4,601 people leaving the firm in fiscal year 2011. The net addition stood at 2,992 people for overseas operations. Source : 22-06-11   Hindu Business Line   Compiled by Amresh Anjan Sony Ericsson Appoints P Balaji As MD For India Operations Sony Ericsson announced the appointment of Mr. P Balaji as the managing director of the company's India operations, effective from July 1, 2011.In this role, Mr. Balaji will help in establishing Sony Ericsson's leadership position in the Android market and work closely with operators and distributors in India, the company said in a statement. Source : 21-06-11   Business Standard   Compiled by Amresh Anjan Goldman Sachs Appoints India Equity Head Wall Street bank Goldman Sachs has hired Keshav Sanghi from rival Citigroup as managing director and head of equities in India. Mr. Sanghi was previously head of Indian equities at Citigroup, and before that was chief executive officer of Reliance Equities International. He also headed Indian equities at Deutsche Bank for five years. Source : 21-06-11   Reuters.com   Compiled by Amresh Anjan Rising Salaries Threaten Indian IT Sector's Competitiveness The salary costs of the top 10 Indian IT firms increased by an average 17% over the last three years, higher than the 10-12% rise in most other industries. iimjobs.com, an employment site for MBA students, reported that wages for IT professionals rose fastest at 12.7%, taking them closer to their peers employed in finance and consulting. The trend is expected to continue as companies are compelled to plan substantial recruitment partly due to the high attrition rate, which is 60% in the BPO sector alone. Tata Consultancy Services and Infosys are planning to recruit 30,000 employees this year. This rise in salaries will make the Indian IT and ITES industry uncompetitive, said Vineet Nayyar, vice chairman and managing director of Tech Mahindra. He added that it will soon be less expensive to recruit in some foreign locations as there will be no economic reason to hire in India. Source : 24-06-11   Business Standard   Compiled by Amresh Anjan 8 HR Firms Form Apex Body Of Indian Staffing Industry Eight HR firms have united to create an industry association focused on India's growing employment sector. The newly launched Indian Staffing Federation (ISF) comprises Adecco, Allegis, GI Group, Global Innov, Kelly, Ma Foi Randstad, Manpower and Teamlease. These HR majors constitute nearly 50% of the Indian organized staffing market. According to the apex body's President K Rajan, ISF will work together with the government for a suitable, legal and regulatory environment, which will help in developing employment in the country, particularly the staffing industry. The recruitment agencies will be required to create employment opportunities for emerging industries such as ICT, healthcare, hospitality, real estate, retail, media and entertainment, banking and manufacturing. The association will draw new people to the organised sector and provide them with social security and work-related benefits. Source : 24-06-11   Financial Chronicle   Compiled by Amresh Anjan Salary Levels Affect Productivity According to a survey by TeamLease, 80% workers feel that salary scales, in relation to experience, influence productivity at work. Around 67% of those surveyed believe that their partner's attitude towards their profession also affects productivity at work, as per the study. As per the survey by the staffing and recruitment firm another factor impacting work efficiency is a worker's relationship with colleagues. In New Delhi, 86% respondents said that people with plain looks work harder as compared to good looking persons. Health issues, as a factor impacting productivity, have been rated at over 75% in cities like Kolkata, Pune and Mumbai. Respondents in Bangalore and Chennai have given high rating to marital status as a factor influencing productivity. The survey covered employees aged 22-45 years across Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune. Source : 24-06-11   Financial Express   Compiled by Amresh Anjan G. Muralidhar Is The New MD Of Kotak Life Mr. G. Muralidhar has been appointed as the Managing Director of Kotak Mahindra Old Mutual Life Insurance Ltd. He was the company's Chief Operating Officer in his immediate prior assignment, said a press release issued by the company. Mr. Muralidhar has held various positions in the company over the last decade. Source : 23-06-11   Hindu Business Line   Compiled by Amresh Anjan Toyota, Honda, Nissan Back In Hiring Mode Toyota and other Japanese automakers said that they planned to hire thousands of contract workers in Japan as they look to make up for lost production due to the March 11 earthquake and tsunami. Toyota alone said it planned to hire up to 4,000 contract workers at its Japan factories. "In terms of domestic output, the company expects production will start recovering from October, making up the delay caused by the Great East Japan Earthquake," a Toyota statement said."In order to meet the challenge, the company plans to hire 3,000 to 4,000 contract workers throughout the nation from mid-July."They will be Toyota's first new contract hires since December 2009, said spokeswoman Kayo Doi. Honda plans to hire about 1,000 new contract workers and renew contracts with current employees as it looks to boost output in the second half of the year, a spokeswoman said. Source : 21-06-11   Hindustan Times   Compiled by Amresh Anjan Deutsche Bank Appoints New Head Of Global Service Delivery Centre Deutsche Bank Group announced the appointment of Sandhya Vasudevan as the head of DBOI Global Services India, a Deutsche Bank Group company. Mr. Vasudevan takes over from Vikas Nanda, who moved to Deutsche Bank's Global Business Services in London. Mr. Vasudevan, has over 20 years of experience and has worked with organisations such as Thomson Reuters, Guardian Royal Exchange and AXA before joining Deutsche Bank."Vasudevan will be responsible for the continued development of the world-class client services organisation represented by the India service centres and will report to Arindam Banerrji, Global Head, GBS Services Centres. Additionally Vasudevan will also have oversight of the Global Business Engineering function of GBS, and will be a part of the GBS Asia Pacific Regional Management team," the bank said in a release. Source : 27-06-11   Business Standard   Compiled by Amresh Anjan