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
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