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No Christmas Break For 71% Indians An average of seven in every ten employees in India will work during the holiday season, as per a latest survey conducted by Regus. As many as 71 percent of workers will be involved in office work during the year-end Christmas and New Year break. The survey covered more than 12,000 people across 85 countries. More than half of the global respondents said they will be working during the year-end holiday season. In India, 59 percent of respondents working during this break will travel to their offices. Despite this, the level of productivity is expected to remain low, resulting in little value addition to the employers and wasting time meant for home and family, the survey found. The trend would be more visible in small firms in India, where 71 percent respondents are likely to work compared to 56 percent in large businesses. Source : 22-12-11 Hindu Business Line Compiled by Amresh Anjan
India To Take Up Call Centre Bill With U.S. India's ambassador to the U.S. Nirupama Rao said the government will raise the issue of the U.S. Call Centre Worker and Consumer Protection Bill at the appropriate governmental forum to safeguard the interests of the Indian IT industry.Ms Rao said on the sidelines of a Confederation of Indian Industry conference that a detailed impact analysis of the bill was being made in terms of the scope of its business coverage. "We are in touch with NASSCOM and the relevant government departments on this issue," she said. "We have also conveyed that protectionist barriers in this field tend to be counterproductive in their outcome," she added. Citing a study by the Indian industry association, she said IT companies from India support approximately 98,000 jobs in the U.S.
Source : 25-12-11 Hindu Business Line Compiled by Amresh Anjan
Pharma Industry Drawing More Women Women are entering the pharmaceuticals industry in a big way, judging by the number of applications being received by Dr Reddy's Laboratories. "There has been a spurt in applications from women candidates," says Vice-President, Corporate-HR Rajorshi Ganguli. The Hyderabad-based firm is hiring more women at entry-level posts, including chemists. Women constitute 14 percent of its total workforce of 14,000. "If the current trend continues, this would go up significantly over a couple of years," adds Ganguli. Some special privileges extended by big companies are also drawing women to the sector. Dr Reddy's, for instance, offers incentives such as flexible working hours up to one year from child-birth and extended maternity leave. The trend can also been seen in Pharma institutions, where enrollment of women in pharmacology and Pharma analysis has increased.
Source : 25-12-11 Hindu Business Line Compiled by Amresh Anjan
Piramal Healthcare Names ED & COO Piramal Healthcare has named Vijay Shah as executive director and COO with effect from January 1. He is currently managing director of Piramal Glass. Mr. Shah has also been inducted as a director on the board of Piramal Healthcare, the company said in a filing to the Bombay Stock Exchange. Source : 25-12-11 Hindu Business Line Compiled by Amresh Anjan
Cabinet Clears Bill Regulating Higher Education The Union Cabinet has approved a bill seeking to set up an overarching body to supervise and regulate higher education in universities and technical institution. The National Commission of Higher Education and Research (NCHER), proposed to be set up under the bill, will include all existing higher education regulatory bodies, including the University Grants Commission and the All India Council for Technical Education, associated with the Human Resource Development Ministry. NCHER will have a significant number of experts in various fields of higher education. Its 70 members will represent every state and other higher education regulatory bodies, other than those regulating medical education, such as the Medical Council of India.
Source : 23-12-11 Deccan Herald Compiled by Amresh Anjan
More Global Recruiters Flock To IIT-B Students of the Indian Institute of Technology, Bombay (IIT-B), received 800 offers during campus placements which started on December 1.Multinational companies have recruited 60 students so far. The number of international companies visiting the campus increased dramatically this year. "While four to five such companies had come to IIT Bombay last academic year, the number has doubled this year," said Ravi Sinha, professor in charge of placements. Around 1,380 students are participating in the process this year. While 200 companies have already participated, an estimated 150 more are likely to visit in the following months. Placement of MSc, MDes and PhD students begins a few months before the study programmes end. The second phase will start in January.
Source : 23-12-11 Indianexpress.com Compiled by Amresh Anjan
Now MPOs To Support Marketing Efforts With companies fast realizing the benefits of outsourcing routine marketing operations, MPO, or marketing processing outsourcing, has become the latest buzzword in the BPO industry. Vinod Harith, founder, CMO Axis Outsourcing Services, says that instead of dealing with separate firms such as a web design agency, an e-mail marketing agency and a database agency, it's simpler for companies to deal with one agent handling all these functions. CMO was set up four years ago and claims to be India's first MPO, looking to tap the lower end of the market. It sees this as a multi-billion-dollar opportunity. Other firms in the MPO space are Wipro, which does business with large companies, Champions Group, William Lea and a few emerging smaller firms from Coimbatore that offer marketing support.
Source : 23-12-11 Hindu Business Line Compiled by Amresh Anjan
U.S. Labour Market Looks Up In November The U.S. labour market showed signs of recovery in November with payrolls increasing in 29 states, while the jobless rate dropped in 43.New York was ahead with a 29,500 increase in jobs, followed by Texas with 20,800. Michigan saw the largest drop in unemployment, with the rate failing 0.8 percentage point, to 9.8 percent, as per figures from the Labor Department. Unemployment figures in Alabama, Minnesota, South Carolina and Utah dropped 0.6 percentage point each in November, the second-biggest decline. The U.S. added 120,000 workers in November and the unemployment rate unexpectedly fell to 8.6 percent, the lowest since March 2009, the Labor Department reported December 2. The economy expanded 2 percent in the third quarter. This follows an average 0.9 percent growth in the first half of the year.
Source : 20-12-11 Business Standard Compiled by Amresh Anjan
Traders Leave Banks To Set Up Hedge Funds Commodity traders from banks are quitting their jobs in the face of tough regulations to join or launch their own hedge funds. George Taylor, 41, who was head of global commodity proprietary trading at Credit Suisse Group, started a hedge fund in February. It now has more than $1 billion inassets. Traders in energy, metals and agriculture are leaving financial firms as U.S. and European regulators seek to limit holdings across raw materials and ban so-called proprietary trading. Bloomberg data shows the financial sector saw 2,33,000 job losses this year. Exits of commodity traders from banks probably rose 10 percent this year, according to Commodity Search Partners, a U.K. recruiter. Pay for that group will drop 24 percent on average, estimates Options Group, a New York-based recruitment firm.
Source : 20-12-11 Financial Express Compiled by Amresh Anjan
Avoiding Double Social Security Coverage A concern among cross-border movement of executives is the double impact of employee's social security costs and compliance with relevant regulations in both the home and host countries. Employers are required to contribute under the Indian Provident Fund Act with respect to international workers (IWs) who do not qualify as excluded employees. IWs include foreign nationals working for an employer in India to whom the PF Act applies and Indian employees working abroad in countries with which India has signed a social security agreement (SSA). The SSA includes a detachment benefit, which generally provides for avoidance of double social security coverage if the duration of the assignment in the host country is for a period as specified in the SSA. For example, under the SSA with Korea, detachment is available for a short-term contract up to five years.
Source : 20-12-11 Financial Express Compiled by Amresh Anjan
Digital Freedom At Workplace A Security Hazard With mobile devices and social networks erasing the boundaries between work and home, enterprises now face security issues.Seven out of 10 young employees frequently ignore IT policies, and one in four is a victim of identity theft before the age of 30, according to a global study by Cisco. Ponemon Institute estimates the cost of just one data breach can be staggering for an enterprise, anywhere between $1 million to $58 million. Damage to the company's reputation and loss of customers and market share are the other outcomes of a high-profile data loss. Rebecca Jacoby, CIO, Cisco says, "As workforces become increasingly mobile, security and risk management concerns inevitably grow. The findings indicate the real need for better corporate policies, end-user education and stronger, trusted relationships between employees and IT departments."
Source : 20-12-11 Financial Express Compiled by Amresh Anjan
Yum! Restaurants Names Pizza Hut GM Yum! Restaurants India has appointed Sanjiv Razdan as general manager of Pizza Hut Delivery. Prior to this, he was brand development director of Pizza Hut in the U.K. Razdan was part of the core team which launched Pizza Hut in India during the mid-1990s.
Source : 14-12-11 Exchange4media Compiled by Amresh Anjan
Dupont Names South Asia President DuPont has appointed Rajeev Vaidya as South Asia president,. He takes over from Balvinder Kalsi, who has moved to DuPont's headquarters in Wilmington, U.S., to head corporate strategy. Vaidya joined the firm in 1985. He was until now regional business leader for DuPont Chemicals & Fluoroproducts.
Source : 20-12-11 Hindu Business Line Compiled by Amresh Anjan
India Scores Low In Global Learning Study A global study assessing learning standards in 74 countries has placed India near the bottom. The study, Programme for International Student Assessment (PISA), coordinated by Paris-based Organisation for Economic Co-operation and Development (OECD), assessed education systems worldwide by testing the skills and knowledge of 15-year-old students in participating economies. India's participation was in a pilot project, confined to schools from Tamil Nadu and Himachal Pradesh.In Tamil Nadu, only 17 percent of students were estimated to possess proficiency in reading that is at or above the baseline needed to be effective and productive in life. In Himachal Pradesh, the level was 11 percent. A similar trend was observed in mathematical and scientific literacy, too.In Malaysia, 56 percent of students were found to be proficient in reading and 41 in mathematics. The figures for the UAE were 49 percent and 60 percent, respectively.
Source : 20-12-11 Mint Compiled by Amresh Anjan
Hyundai Eyes Talent From IITs, IIMs Hyundai Motor is turning to the Indian Institutes of Technology (IITs) and Indian Institutes of Management (IIMs) to recruit talent for its global marketing operations. The Korean auto maker has hired two engineers from IIT Madras at a salary topping $50,000 each per year (more than Rs 27 lakh). The next recruit will be from IIM Bangalore at a salary of $70,000 (roughly Rs 39 lakh) a year, with benefits such as housing allowance, health insurance and a visit to their home country. The company has initiated programmes such as 'Leader Waves' for engineers and 'Professional Waves' for management graduates. Recruits under the 'Leader Wave' will be offered a job in the company's Seoul office, where they will be trained across various functions for two years, before being deputed to one of Hyundai's overseas facilities.
Source : 20-12-11 Hindu Business Line Compiled by Amresh Anjan
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