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Jobs in Tier 2 cities grows by 200% in July India's tier II towns have registered a job growth rate of over 200 per cent in July 2011 vis-à-vis corresponding month last year. This is despite the fear of a slowdown in services and export sectors, as smaller cities continued to create job opportunities. According to a recent study by Associated Chambers of Commerce and Industry of India (Assocham), 13,776 job opportunities came up in tier II cities as Chandigarh (2.3 per cent), Lucknow (1.1 per cent), Vadodara (0.9 per cent), Jaipur and Patna (0.8 per cent each) emerged on top. Surat, Guwahati and Indore registered 0.7 per cent share each in employment generation, says the Assocham Placement Report. It analysed trends in job openings in the wake of a recent slowdown in the manufacturing sector among 56 major Indian cities across 32 sectors from a sample of 1,10,000 job opportunities. Tier I cities emerged as the most lucrative employment destinations with a share of 76 per cent in total job creation. Tier II and Tier III cities acquired a meagre 12 per cent share each.
Source : 20-08-11 Business Standard Compiled by Amresh Anjan
Maruti Suzuki To Boost R&D staff 20% Maruti Suzuki India is planning to increase its R&D employee strength of 1,070 by over 20%. The headcount in the division will exceed 1,300 in 2011-12 as it seeks to become the hub of research activities for parent Suzuki. The R&D facility is being enhanced to develop a complete model in India. It is developing its engineering skills to cater to the Indian consumer, and establish itself as Suzuki's R&D centre outside Japan. Its Annual Reports said 102 people had been hired in 2010-11 for its R&D division. Maruti will develop new products indigenously, including those with alternative fuel options. As a result, expenditure on R&D will increase. The company had earlier said it would hire at least 2,300 people for its two new plants in Manesar over the next two years. Its workforce will expand by about 27% to nearly 11,000.
Source : 11-08-11 Financial Express Compiled by Amresh Anjan
Telecom sector provides one Crore Jobs : Study A study by PricewaterhouseCoopers (PwC) said the Indian telecom sector will give employment to around one crore people by 2012.The industry is expected to provide about 28 lakh direct jobs and some 70 lakh indirect jobs, according to the study commissioned by the Cellular Operators Association of India.The mobile telephony industry in India has seen unprecedented growth of more than 700%. From less than 10 lakh subscribers in 1998, the sector had more than 75.2 crore subscribers in 2010. The industry contributed nearly 2% to the GDP, the study said. Although the industry has grown by leaps and bounds, the task of providing access to mobile services at affordable rates in the hinterlands has not yet been achieved. Investment has shrunk and financial performance has weakened. It is time for more capital expenditure and innovation.
Source : 11-08-11 Financial Express Compiled by Amresh Anjan
HR software to measure productivity Software solutions firm InnovizeTech has developed a solution which estimates an employee's efforts. Called Sapience, it can measure productivity on a project, team or employee level. The software enables individuals to view their own data, improve their working patterns and optimise their work-life balance. Managers get a breakdown of the effort put in by their teams across various projects and activities, enabling them to identify bottlenecks in the delivery process. Sapience gives the exact time spent on PCs and can tell the user the time spent on each application. It can be installed at a company's data centres. Smaller firms can operate it from a cloud server managed by InnovizeTech. The company's co-founder Shirish Deodhar said Sapience had helped achieve self-driven gains of at least one extra work hour per day within the first 30-45 days. Source : 12-08-11 Business Standard Compiled by Amresh Anjan
Rohit Nandan Appointed As The New Air India Chairman Rohit Nandan recently took over as Chairman and Managing Director of Air India, replacing Arvind Jadhav, who had been holding the position since 2009. Mr. Nandan is the third Chairman of the airline in three years. Before taking charge at Air India, Mr. Nandan, a 1982 IAS officer from Uttar Pradesh, was a Joint Secretary to the Ministry of Civil Aviation. Meanwhile, the Government has expedited the process of appointing two more independent directors on the AI board.
Source : 15-08-11 Travelbizmonitor.com Compiled by Amresh Anjan
Pawan Ruia quits as Dunlop Head Pawan Ruia, has resigned as chairman and director of Dunlop India. Ruia had earlier given up a similar role in Jessop & Company, another group company. He will continue as Chairman of the Ruia Group.
Source : 12-08-11 Financial Chronicle Compiled by Amresh Anjan
India needs to generate 55m jobs by 2015: Crisil Research India will need to create at least 55 million additional jobs by 2015, which is double the number of jobs created during 2005-2010, a Crisil study said.The job creation will be needed to maintain the current ratio of employed people to total population at 39 per cent, said the study, which is based on recently released National Sample Survey Organisation data on employment.If we factor in the number of people retiring or losing their jobs by 2015, new job hires will have to exceed 55 million, the study said."Job creation has clearly not kept pace with GDP growth. The GDP growth increased to 8.6 per cent during 2005-10 from 6 per cent during 2000-05, but net addition to jobs remained flat at 27 million during the same period," said Dharmakirti Joshi, chief economist.
Source : 16-08-11 Financial Chronicle Compiled by Amresh Anjan
Convergys to add 1,000 jobs by December The BPO company, which offers relationship management services to clients in automotive, financial services, manufacturing and retail industries globally, has already added 1,500 jobs (net additions) in India so far this year."We are seeing demand from clients and a lot of that is concentrated toward India at this point. We grow in markets where our clients want us to be," said Mr Hanumant Talwar, Managing Director and Country Manager – India, Convergys. Mr Talwar said it was too early to "predict" the impact of the US debt crisis on demand for BPO services, but "it could have a positive spin-off for outsourcing." Organisations may have to bring down their costs and so they may tend to outsource more, he said. The company currently has a headcount of about 12,000 in India, spread across seven centres. Three of its customer management centres are in Gurgaon and one each in Pune, Thane and Bangalore. Convergys also has an information management centre in Hyderabad.
Source : 15-08-11 Hindu Business Line Compiled by Amresh Anjan
IT hirers may play it safe amid slowdown The IT industry is expected to hire 25-30% less than the projected three lakh employees in 2011-12. This follows economic uncertainty in its primary markets, the U.S. and Europe. Many companies in the industry turned cautious on lateral hiring while a few multinational ones have put a blanket freeze on senior-level hiring. Cisco, Dell and Juniper Networks have frozen hiring, while IBM India has cut back its hiring activities. Surabhi Gandhi of Teamlease, a HR services company, said there was a reduction in lateral hiring, which forms 45% of a big company's employee mix. The situation was the same for senior-level hiring which is 10-15% of the mix.HR consultant BS Murthy of Leadership Capital said there was a blanket freeze in place at several multinationals.
Source : 17-08-11 Financial Express Compiled by Amresh Anjan
Biogen Idec names new Managing Director Biogen Idec has appointed Sameer Savkur as managing director. Mr. Savkur, who replaces Alpna Seth, has more than 20 years of experience in the pharmaceutical industry in Asia and the U.S.
Source : 17-08-11 Financial Chronicle Compiled by Amresh Anjan
Study says 50% Indians open to switch in careers Indian industry is going to see an upheaval in employment rolls over the next five years if the workers and other staff do as they intend to do, that is, quit their current jobs and look for greener pastures in other companies. And when it happens, it won't just be a switch from one job to another similar but more paying one; it will more likely be jettisoning one career in favour of another. This worrying scenario emerges from a survey which says over 50 per cent of all Indian workers want to switch careers with¬¬in five years — mainly on money and lifestyle considerations. A better work-life balance is what they are looking for, says a survey conducted by the global workforce solutions firm Kelly Services. A part of a larger exercise in 30 countries, the survey in India took in a varied sample of 2,000 respondents from varied sectors and work levels.
Source : 15-08-11 Financial Chronicle Compiled by Amresh Anjan
New global design head for Tata Elxsi Tata Elxsi, a leading design company, said it has appointed design veteran Mr Nick Talbot as the global design head for its industrial design (ID) division."We are confident that with the global design experience Talbot brings, we can add substantial value to our customers' brands and products," the Tata Elxsi (Industrial Design) Vice-President, Mr Anil N Sondur, said in a statement. Mr. Talbot will be based in the Bangalore headquarters of Tata Elxsi, the company said in a statement.
Source : 16-08-11 Hindu Business Line Compiled by Amresh Anjan
Bank of America to axe 3,500 jobs Bank of America Corp will slash 3,500 jobs in the current quarter and is working on broader restructuring that could eliminate thousands of additional positions. Citing people familiar with the situation, The Wall Street Journal said the cuts are expected to be completed by the end of September and some employees already have been notified. Thousands of additional reductions are expected as part of a broader restructuring exercise known as "Project New BAC" and the layoffs could touch at least 10,000 (3.5 per cent of the bank's present work force), the daily said, citing sources. Bank of America Chief Executive Brian Moynihan is trying to bolster profits amid growing concerns about Bank of America's exposure to the slowing US economy and a slew of mortgage-related losses and lawsuits.
Source : 19-08-11 Rediff.com Compiled by Amresh Anjan
With FDI coming, retail may go big on hiring The opening up of retail to foreign investment may see the sector adding between seven and 10 million jobs across the board by 2015, The Hindu Business Line reports. The employment growth will not be limited to retail alone, but will extend to real estate, banking and construction, said Richie Madan, executive director of recruitment process outsourcing company Elixir Consulting. Hiring will mainly be in front-end and back-end operations, store operations, merchandising, logistics and distributions, marketing, procurement/purchase and corporate services. The expansion will include tier-I cities, tier-II and-III towns as well, he said. As far as distribution of employment is concerned, 85-80% are employed in store operations, 5-8% in merchandising and marketing and 10-15% in other spheres. Several big retailers have set up institutes to meet the surging demand for trained staff. For example, Bharti Walmart has its own training institutes in Punjab and Delhi. The retail segment currently employs 30-35 million people. Source : 14-08-11 Hindu Business Line Compiled by Amresh Anjan
Deloitte sees 143% more millionaires by 2020 A study by the Deloitte Center for Financial Services says the number of millionaire households in India will grow 143% from 2.86 lakh to 6.94 lakh between 2011 and 2020.The 405% growth in total millionaire wealth may differ across groups. The largest growth rate of 161% will be seen in the $5-30 million group, followed by 142% in the $1-5 million bracket and 115% in the $30 million-plus group. By 2020, the $1-5 million segment may be the largest, accounting for 73% of all millionaire households. India is likely to have the largest growth in total millionaire wealth at 405%, compared to other BRIC nations. China's millionaire wealth will rise 394%, followed by Brazil at257%. India may possess the highest per capita millionaire wealth among emerging markets, at $4.25 million, which is more than that of the U.S.
Source : 17-08-11 Hindu Business Line Compiled by Amresh Anjan
Sunil Munjal is joint MD of Hero MotoCorp Hero MotoCorp (formerly Hero Honda) has appointed Mr Sunil Kant Munjal as the Joint Managing Director of the company for a term of five years, starting August 17, the company said in a statement to the Bombay Stock Exchange.Mr. Munjal, a board member, will now share executive responsibilities with his brother Mr Pawan Kant Munjal. Hero Group, promoted by the Munjals, bought out Japanese partner Honda's 26 per cent stake in the two-wheeler maker earlier this year. This month, the company unveiled its new name and brand identity
Source : 18-08-11 Hindu Business Line Compiled by Amresh Anjan
Delhi-NCR scores over Mumbai in job creation Among the big metros, the Delhi-NCR region has created the maximum number of job opportunities in July, followed by Mumbai, Bangalore and Chennai, an Assocham study.An estimated 84,254 jobs were generated in Tier-I or big metropolitan cities in July, the report said. Out of this, 18.5% jobs were created in Delhi and NCR."Tier-I cities emerged as the most lucrative employment destinations for aspirants across India.... Hiring activity in July has been widespread across all levels," it said.The study also said the maximum number of jobs during the month were created in the IT sector, followed by financial services, automobile and education.The share of sectors like advertising, construction, event management, HR, infrastructure and real estate in total employment generation was almost negligible, it added.
Source : 19-08-11 DNA Compiled by Amresh Anjan
Pune reports highest salary increase in first half According to the latest findings of Employment Trends Survey (MEtS) – Wave2 conducted by Ma Foi Randstad, a division of the global Randstad Holding and world's second largest HR services company, Pune has reported the highest salary increase (17.1 per cent) in the Indian organised sector for the period extending between January 2011 and June of 2011 and is expected to retain its position in the current quarter as well at 17.8 per cent.Among the cities surveyed, the estimated proportion of fresher (workforce with less than 1 year experience) recruitment is reported to be the highest in the Pune region at 41.1 per cent.
Source : 19-08-11 Business Standard Compiled by Amresh Anjan
Tata Group firms' rejig brings Kapadia, Misra to forefront In an important reshuffle that clearly indicates that Tata Group is preparing itself for life after retirement of Ratan Tata and other important members, Indian Hotels Company has appointed Mehernosh Kapadia on its board as executive director.Tata Group, India's largest conglomerate, has also appointed Ajoy Misra as the deputy chief executive officer of Tata Global Beverages, earlier known as Tata Tea. Interestingly, Ratan Tata,73, is the chairman on the board of both the companies and RK Krishna Kumar, 73, is the vice-chairman on their boards. Both of them are to retire within the next two years.
Source : 22-08-11 Indian Express Compiled by Amresh Anjan
MTS Names New COO For Gujarat Ashish Bhatia,COO, Tata Teleservices for Orissa has joined MTS India on the same profile to manage its business in Gujarat circle. He will be responsible for stimulating business growth in the circle.
Source : 18-08-11 Financial Chronicle Compiled by Amresh Anjan
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