HR Articles: Mar-12 (Part-6)

For more article, Visit at : www.amreshanjan.co.cc Report: Optimism In The Economy Highest Since June A McKinsey report says that for the first time since June, executives are more optimistic than pessimistic about their national economies. Around 42 percent of the respondents say their countries are in better shape than six months ago. This percentage is more than double the number in December. About 48 percent expect better conditions six months from now, up from 26 percent in December. In India, 65 percent feel the economy would improve, while 59 percent in North America and 49 percent in developed Asia feel this way. Interestingly, optimism is high even in the euro zone. Companies, by contrast, are not very confident of conditions improving drastically. About 30 percent of the executives say their companies are putting off decisions or deciding not to pursue capital investments. Some 24 percent say their companies are postponing M&A decisions. Source : 25-03-12   Financial Chronicle   Compiled by Amresh Anjan Jittery Telecom Professionals Look To Exit Sector Professionals in telcos are facing an uncertain future following the cancellation of 122 licences recently. Some are quitting their jobs and even the industry as they eye greener pastures elsewhere. Headhunters have been flooded with CVs, with the number rising 12 percent to 15 percent, says E Balaji, managing director and CEO, Ma Foi Randstad. The trend is particularly visible among employees at the mid-management level, who seek stability in their career. Some telecom operators, such as Etisalat, have chosen to end their services, affecting close to 2,000 employees. STel and Loop are also exiting the market, causing job losses by the hundreds. In the related tower industry, Viom Networks is undergoing a restructuring exercise that may affect some jobs, adds The Hindu Business Line. However, officials denied reports of 40 percent jobs being at risk. Source : 24-03-12   Business Standard   Compiled by Amresh Anjan Spanco BPO Is Hiring In India, Africa And UK Spanco BPO is all set to ramp up its operations in India as well as strengthen staff presence in the UK and Africa region."The head count in India is expected to grow to over 10000 during the year. In UK, we expect to see a growth of about 30 percent during the year with headcount touching 300 in next 12 months," says Praveen Kumar, CEO - Spanco BPO."In Africa, we expect 100 percent growth during the year on the basis of some new contracts which have already been received and additional new contacts expected to be received during the year. Africa head count is expected to increase from 2500 to 5000 during next 12 months," Mr. Kumar adds.According to Kumar, the company is not seeing any significant growth in the off-shore business of India operations, however the on-shore business in India is growing by 50 percent on the basis of orders already received. Source : 21-02-12   CIOL.com   Compiled by Amresh Anjan Contract Staffing Gains Popularity In IT IT firms are hiring staff on a contract basis as demand for niche talent increases. Companies such as NIIT Technologies, HCL Technologies, Wipro and Capgemini are among those preferring this route to meet talent requirements for specific contracts. The trend has helped some companies reduce their budgets and still meet project deadlines. Contract hiring was up 40 percent to 45 percent in fiscal 2012 and contingent hiring down 20 percent, according to Surabhi Mathur-Gandhi, vice president (IT sourcing), TeamLease Services. Three quarters back, demand for vanilla skills such as coding was 70 percent to 75 percent of the total demand, the remainder being niche services. But demand for niche services has since increased to 40 percent to 45 percent, putting pressure on recruitment firms to find people with specific skills such as cloud computing or SAP. Source : 23-03-12   Financial Express   Compiled by Amresh Anjan E-Commerce Firms Flock To B-School Campuses -commerce companies are making a beeline for premier business schools this placement season. With offers from finance and investment banking drying up, B-schools are welcoming the trend. The Indian Institute of Management (IIM), Kozhikode, confirmed the participation of Amazon, eBay, Flipkart and Yebhi.com. They offered mid-level management positions with specialisation in warehouse, logistics and support chain management, and online marketing. Flipkart made 23 offers across the IIMs and SnapDeal four each at IIM Lucknow and IIM Calcutta and two at IIM Bangalore. Online eyewear firm Lenskart made eight offers, six at IIM Indore and two at IIM Lucknow. E-commerce sites rich in private equity funds also made their presence felt at IIM Ahmedabad. Other B-schools which attracted recruiters from the segment were SP Jain Institute of Management & Research, Faculty of Management Studies and Indian Institute of Foreign Trade. Source : 21-03-12   Hindu Business Line   Compiled by Amresh Anjan Pepsico India Shuffles Top Deck PepsiCo has made changes in its top management in India. The company has appointed Praveen Someshwar, currently CEO of PepsiCo India Beverages, as head of PepsiCo India Foods. Gautham Mukkavilli, senior vice-president, global nutrition group, PepsiCo Asia, West Asia and Africa, is returning to India as CEO, PepsiCo India Beverages. Source : 23-03-12   The Statesman   Compiled by Amresh Anjan Tata Communications Plans To Boost Headcount Tata Communications will bring an additional 1,200 people on board over the next 12 months as it strives for profitability, Financial Chronicle reports. The firm has been running up losses for the past three years. Two-thirds of the new staff will be hired for its outsourcing business, which provides telecom services for other operators. CEO Vinod Kumar said 250 will be hired in its sales division and a further 150 for product and engineering. All the three areas are related to revenue generation and continuing the turnaround to profitability. The new hiring will raise Tata Communications' headcount from the current 7,700 to 8,900. Tata is among the largest submarine telecom cable owners in the world. It is planning to expand its reach into Central and South American markets. Source : 21-03-12   Financial Chronicle   Compiled by Amresh Anjan Media, Entertainment Face Manpower Challenge The rapidly growing Indian media and entertainment sector needs to focus on manpower development, Centre for Media Studies Director PN Vasanti says. The National Skill Development Corporation had pegged the sector's workforce requirement by 2022 at four million. However, she says, the number seems impossible to meet, considering the quality and employability of the current talent pool. A report released by the Federation of Indian Chambers of Commerce and Industry and KPMG projected a 13 percent growth rate for the sector in 2012. Finding people with the right qualifications and skills for the film, television, print, radio, animation and gaming industries poses a serious challenge, though. Personnel in these sectors need a unique and wide variety of skills. Each role requires balancing of technical, managerial and creative abilities. The sector must evolve a vision for developing such distinct skills. Source : 21-03-12   Mint   Compiled by Amresh Anjan Volvo Buses Appoints India Head Volvo Buses has picked Manish Sahi to head its operations in India and the South Asian region.Mr. Sahi was national sales head for the company between 2003 and 2006, and rejoined the company in 2010. Source : 21-03-12   Hindu Business Line   Compiled by Amresh Anjan Firms Shine When Top Managers Train The Next Rung Leaders who groom the next level as part of talent management policies make a big difference to their organisations, Hay Group India Managing Director Gaurav Lahiri says.Mr. Lahiri describes the role played by the top managements at Cadbury India and Larsen & Toubro (L&T). Cadbury follows the concept of leaders training leaders. It focuses on training the relatively young middle rung and puts the top management in charge of the task. Selected candidates go through a programme, get a dedicated executive coach, internal role models and responsibility disproportionate to their age. At L&T, managers have a strong sense of where will be heading. They get ample time to learn and put to use the strategies they have devised by the time they reach the top rungs. Such leaders defy the trend and make things happen, says Mr. Lahiri. Source : 21-03-12   Hindu Business Line   Compiled by Amresh Anjan Outsourcing From U.S., Europe May Shrink New research pointed to the likelihood of fewer corporate business services jobs being offshored to India by 2014. The Hackett Group in its latest research predicted a gradual end to jobs traditionally offshored in finance, IT, procurement and HR services in the next eight to 10 years. It expected U.S. and European organisations to shift 7.5 lakh more jobs to India and other low-cost regions by 2016. About one-third of the total jobs in the U.S. and Europe, or some 23 lakh jobs overall, will have been offshored. About 40 percent of outsourced jobs may come to India, still the most popular destination. Over the next few years, though, these could begin tapering off because of growing productivity and automation gains. The research studied data covering 4,700 companies that have headquarters in the U.S. and Europe and whose annual revenue exceeded $1 billion. Source : 20-03-12   Hindu Business Line   Compiled by Amresh Anjan RBS Looks To Shed Asia Assets, Culls 70 Jobs Royal Bank of Scotland is axing 70 jobs amid moves to exit investment banking operations in Asia. The measure follows exclusive negotiations with CIMB Group Holdings of Malaysia for sale of its Asia-Pacific cash equities and investment banking businesses. CIMB decided not to buy the RBS equity capital market and corporate finance divisions in South Korea and cash equities businesses in Indonesia, Korea and Singapore. Consequently, these units will be shut. The wind-up will affect 70 employees. Talks with CIMB are on for sale of other units in the region. The bank operates offices in 11 Asian countries, including China. It has considerable presence in Hong Kong, Singapore, Australia and India. RBS had announced earlier this year it would exit the cash equities, corporate broking, equity capital markets and M&A businesses. Source : 20-03-12   Financial Express   Compiled by Amresh Anjan Shell Lubricants names India Head Nitin Prasad has been appointed country head of Shell Lubricants in India. He replaces Donald Anderson, who held the post for three years. Source : 21-03-12   Financial Chronicle   Compiled by Amresh Anjan RIL Banks On Global Talent For Next Phase Of Growth After building businesses such as textiles, petrochemicals, crude refining, oil and gas exploration and retail from scratch with the help of overseas consultants and Indian professionals for over half a century, Reliance Industries Ltd (RIL) has started turning to foreign managers to run even day-to-operations that are becoming more complex as it seeks to usher in the next phase of growth at the conglomerate. "As RIL has grown over the years and today operates in vast geographies, there is a need to bring in leadership that has experience in working in such gruelling and varied environments. The shift in strategy is that these recruits are for specific line functions and not for projects. This will also help in creating a second line of managers who will be trained under the experienced leaders." Source : 27-03-12   Mint   Compiled by Amresh Anjan Air India Weighs Job Cuts To Stay Afloat In a bid to save Air India from financial collapse, the government is considering a proposal to ease out some 7,000 employees over the next two to three years.At present, the carrier has a high employee -aircraft ratio at around 300 people compared with the industry standard of 160 people. Air India has about 28,000 employees on permanent rolls and 10,000 others on contracts with a fleet of around 120 aircraft."There are more employees than Air India needs. We are trying to bring the employee cost down over the years in line with aviation industry norms. About 7,000 employees or more will retire over the next two to three years. Apart from this, it will also offer VRS (voluntary retirement scheme) to employees," civil aviation minister Ajit Singh said. Source : 21-03-12   Financial Chronicle   Compiled by Amresh Anjan Nokia Finalises 1,000 Job Cuts In Finland Nokia –Finland has planned lay-offs of up to 1,000 people.The jobs at the manufacturing plant in Western Europe will be cut gradually through 2012, with most cuts happening by the end of June, the company said. The remaining staff at the plant will focus on tailoring models for European operators. Nokia is in the midst of a massive revamp of operations under its new Chief executive Stephen Elop, and it has closed plants and cut thousands of jobs globally since last year Source : 21-03-12   NDTVprofit.com   Compiled by Amresh Anjan

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HR Articles: Mar-12 (Part-5)

For more article, Visit at : www.amreshanjan.co.cc Budget Tweaks Income Tax Rates, Slabs Those in the highest income slab stand to gain the most in terms of the income tax proposals of the 2012-13 Budget unveiled. The Budget looks to tentatively pave the way for the proposed Direct Taxes Code with the introduction of new personal income tax rates and slabs. Personal income tax will now be applicable only in case an individual earns Rs 2 lakh or more in a year. Income between Rs 2 lakh and Rs 5 lakh will attract 10 percent tax, up to Rs 10 lakh 20 percent and beyond that 30 percent. Individuals whose net taxable income tops Rs 10 lakh would save Rs 22,660 in tax, while those earning less than Rs 8 lakh will save just Rs 2,060. An aggregate Rs 10,000 interest on savings bank deposits will also be tax-exempt under a new section 80TTA. Source : 16-03-12   Financial Express   Compiled by Amresh Anjan Funding For IIMs, Skill Development To Go Up The government has allocated some 18 percent more funds for education in 2012-13. It proposes to set aside Rs 150 crore for establishing additional Indian Institutes of Management and Rs 25 crore for new Indian Institutes of Technology. An allocation of Rs 48,781 crore was being made towards funding education during the year, marking an increase of 17.6 percent over the current year. Finance Minister Pranab Mukherjee said in his Budget speech that Rs 6,362.15 crore would be allocated for the University Grants Commission. This includes funds for central and deemed universities across the country. The minister also proposed a separate credit guarantee fund to strengthen institutional credit for skill development. An allocation of Rs 1,000 crore will also be made to the National Skill Development Fund to boost the National Skill Development Corporation's efforts. Source : 16-03-12   Financial Express   Compiled by Amresh Anjan Vocational Training Prospects Improve IndiaSkills Consulting Adviser Hari Menon expects seamless linkage between vocational education and degree-based higher education in five years. This will come about with vocational training modules being made an integral part of school and college curriculum. Mr. Menon said the vocational educational training industry was poised for rapid expansion. However, it suffered from lack of good teachers and trainers. This was a key feature across the educational scene in India, and was most acute in the area of vocational training. Government policies so far were not focused on helping set up new vocational education training centres, but there was some change of late. With the setting up of sector skills councils for particular industries and establishment of the National Vocational Education Qualification Framework, he said, there will be standardisation in curriculum, assessment methodology, infrastructure, quality of training and so on. Source : 19-03-12   Financial Express   Compiled by Amresh Anjan Deutsche Bank Promotes India Head & CEO Gunit Chadha, country head and CEO of Deutsche Bank's India operations, has been elevated as part of a management shuffle. He has been named co-CEO of its Asia Pacific business, to be initially based in Mumbai. A member of the bank's Asia Pacific executive committee since 2003, Mr. Chadha will be joining its global group executive committee with effect from June 1. Source : 19-03-12   Financial Express   Compiled by Amresh Anjan January Industrial Output Surges To 6.8% Industrial production rose to a surprising 6.8 percent in January, bringing cheer to the UPA government but leaving economists sceptical. Finance Minister Pranab Mukherjee termed it as a "strong recovery", but expressed concern over the sectoral analysis of data. Consumer non-durables, which grew 42.1 percent in January, contributed substantially to the growth. The index of industrial production (IIP) for December was revised to 2.5 percent from the provisional 1.8 percent. Saugata Bhattacharya, senior vice-president and economist at Axis Bank, said though the worst was over, the situation on the ground left much to be desired. The headline IIP figure appeared to be excessively inflated by the consumer non-durables figure, said Siddhartha Sanyal, India economist for Barclays Capital. The core sector, which accounts for about 38 percent of the IIP, was up just 0.5 percent during the period. Source : 13-03-12   Business Standard   Compiled by Amresh Anjan Corruption And Scams, Not Jobs, Worry Indians Most An Ipsos study found that 71 percent of Indians regarded corruption and financial or political scandals as their biggest worries. Terrorism was the second major concern for 38 percent Indians. Crime and violence came next at 34 percent. Poverty and social inequality followed at 31 percent, unemployment and jobs 28 percent, high tax rate 15 percent and healthcare and education 14 percent. The trend is not surprising as India ranks 87th in Transparency International's rankings based on perceived levels of corruption, Ipsos said. A series of corruption scandals have embarrassed the government and shaken the markets, it added. Globally, the poll found, 49 percent respondents were concerned most about unemployment and jobs. Poverty and social inequality, corruption and financial/political scandals, and crime and violence were the other major concerns. The survey polled 18,000 people in 24 countries. Source : 14-03-12   Financial Chronicle   Compiled by Amresh Anjan Services Promise To Offer Jobs To Young Footballers The All India Football Federation (AIFF) received a boost after the Services Sports Control Board (SSCB) promised to offer jobs to footballers recommended by the state associations. During the AIFF's AGM, SSCB said that besides jobs it would also allow state associations to use their infrastructure for training purposes."The SSCB has promised us that it would give jobs to footballers, above the age of 19, who are recommended by the state associations. It will be a great boost for the next generation of footballers. A secured life will allow youngsters to take up the sport professionally," AIFF vice-president Subrata Dutta told. Source : 20-03-12   Indainsportsnews.com   Compiled by Amresh Anjan Glenmark Picks COO from Eli Lilly Glenmark Has Appointed Sandeep Gupta As COO. He Was Formerly Heading The India Subsidiary Of Eli Lilly. During His 18 Year-Old Stint At Eli Lilly, Mr. Gupta Has Worked In Countries Such As US, Philippines, Hong Kong And During The Last Six Years, Headed India Operations Source : 14-03-12   Business Standard   Compiled by Amresh Anjan Educomp Names Group CEO Educomp has appointed Sanjay Jain group CEO. He was most recently CEO of enterprise communications service provider Tulip Telecom. Source : 14-03-12   Financial Chronicle   Compiled by Amresh Anjan Rich Coal Deal Promises Thousands Of New Jobs In Australia Massive new stocks of Victorian coal will be exported to China, India and Japan in a multi-billion dollar plan that is expected to create thousands of new jobs and kick-start the economy. The Victorian Government is planning to unlock vast resources of brown coal in the Latrobe Valley in a controversial plan to fire overseas power stations and bring the resources boom to Victoria. Energy Minister Michael O'Brien yesterday confirmed the Coalition was seeking expressions of interest for new allocations of coal that were hoped to deliver hundreds of millions of dollars in royalties, as well as billions of dollars of investment in mines, processing and infrastructure. The move flies in the face of the Gillard Government's efforts to slow greenhouse gas emissions through the carbon tax and will inflame environmental groups and the Greens. Source : 20-03-12   news.com   Compiled by Amresh Anjan I-Bank Jobs: Financial Institutions Pick Up Slack With overseas firms shedding jobs, financial institutions are soaking up talent for their investment banking teams,. HDFC Bank is planning to recruit 10 i-bankers in equity capital markets and advisory businesses over the next few months. The private lender recently hired Donald D'Souza, former head of investment banking at IIFL, as head of equity capital markets. Nishikant Das from Standard Chartered Bank is also expected to join. Investment bankers are now taking up roles with domestic firms as many of them lost their jobs with multinational corporations, said a senior official of a Mumbai-based HR consultancy firm. Domestic banks and financial services firms are looking to make the most of this opportunity. Other financial institutions planning to hire i-bankers are Avendus Capital, Anand Rathi Financial Services and Axis Bank, headhunters said. Source : 15-03-12   Business Standard   Compiled by Amresh Anjan B-Schools Limit Options To Beat Placement Blues Faced with a bleak placement season, B-schools are placing a cap on the number of offers per student. The Indian Institute of Management, Calcutta (IIM-C), has introduced a spot offer system, which means that if a student with an offer in hand receives another offer, he has to opt out of the placements to release the slot for other candidates. Last year, the institute allowed a student to consider multiple offers. This year, restrictions have been placed to narrow down options, said Professor Amit Dhiman, placement chairperson. The number of offers per student was limited to two this year, against three to four in a normal year. XLRI, Jamshedpur, did not impose such riders because of its focus on domestic recruiters. Hiring for international jobs was affected more, according to Professor Rajiv Mishra, chairperson, placements. Source : 14-03-12   Hindu Business Line   Compiled by Amresh Anjan Jaguar Land Rover To Ramp Up U.K. Headcount Jaguar Land Rover (JLR) will add a thousand more workers at one of its U.K. facilities to help meet the global demand for Range Rover Evoque and Freelander 2. It will also introduce three-shift, round-the-clock operations. The two vehicles are produced at its Halewood factory in Merseyside, where the headcount will increase to 3,500. The addition will take the total JLR workforce in the U.K. to 21,000. Its recruitment in the country in the past 18 months would be 5,000. JLR is also setting up an engine manufacturing facility near Wolverhampton. In November, the firm said it was planning 1,000 additional jobs at its Solihull plant in the West Midlands. Des Thurlby, Jaguar Land Rover HR director, said the 1,000 new jobs at Merseyside clearly demonstrated JLR's aim of continued growth. Source : 14-03-12   Hindu Business Line   Compiled by Amresh Anjan Survey: Economy May Expand 7.6% In FY13 The Economic Survey said India was set to grow at 7.6 percent in fiscal 2013. The figure is higher than the estimate of 6.9 percent for 2011-12. The survey, presented in Parliament, said the global downturn, high domestic inflation and slow economic reforms led to the decline in India's economic growth. It estimated an 8.6 percent expansion for fiscal 2014, led by agriculture and an improvement in savings and investment rates. Agriculture and related services performed well this fiscal, growing at 2.5 percent. The services sector contributed the most to GDP at 59 percent, up from 50 percent in 2010-11. The industrial sector, however, contracted to 27 percent. Source : 15-03-12   Deccan Herald   Compiled by Amresh Anjan Infosys To Hire 1,000 Engineers In R&D Infosys is planning to add 1,000 engineers in its product R&D centre in the next two years, doubling the headcount. The recruitments will be direct and not through any acquisition. The IT firm is ramping up its design and development offerings. Its long-term goal is to generate one-third of its revenues from product platforms and solutions. CFO V Balakrishnan said the company will try to create some dedicated R&D centres to develop these IT solutions. Currently, the R&D centre of Infosys has about 500 engineers and has undertaken more than 1,000 projects in the past couple of years. The IT/ITeS sector has been a major contributor to the job market. The Economic Survey said that in the 12 months to September 2011, IT/BPO accounted for 87 percent of growth in overall employment. Source : 17-03-12   Financial Chronicle   Compiled by Amresh Anjan Abbott India Appoints MD Abbott India has named Rehan Khan managing director of the company for five years from May 15,. Current director Vivek Mohan is resigning to take over a global role in the Abbott Group Source : 17-03-12   Hindu Business Line   Compiled by Amresh Anjan

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HR Articles: Mar-12 (Part-4)

For more article, Visit at : www.amreshanjan.co.cc Jobs Galore! The Naukri Job Speak Index For Feb-12 At 1209 Is At Its Highest Value Since Inception India Inc's hiring activity has rebounded in Feb-12 with the job index at 1209 being the highest ever since the index was introduced. This also dovetails with the optimism in the Naukri Hiring Outlook Survey where 72% of recruiters had said that new jobs will be created in the first half of 2012. A month on month comparison of the job index shows that barring a few sectors, hiring activity in most industries, cities and functional areas have been moving in a positive direction. When we compare the Feb-12 index with the Feb-11 index then there has been a 15% jump in hiring activity. Source : 06-03-12   Naukri.com   Compiled by Amresh Anjan Railways Plan To Hire 150,000 The railways' plan to induct around 150,000 employees in Group C and D , pushing its wage bill further up by around Rs 2,000 crore. With 1.36 million employees, the railways are one of the biggest employers in the country, and constitute 28 per cent of e total central government employees. The railways spent around 42 per cent of their earnings in wages and allowances and another 17 per cent in pensions in 2009-10. In 2011-12, half the net working expenses (Rs 73,650 crore) was budgeted as staff cost. Source : 13-03-12   Business Standard   Compiled by Amresh Anjan Anant Goenka To Take Over As CEAT MD Anant Goenka To Take Over As CEAT MD Mr Anant Goenka has been elevated to the post of Managing Director of CEAT. Mr Goenka is currently Deputy Managing Director at the company and will step into his role as MD with effect from April 1, 2012.Mr Paras K. Chowdhry, the incumbent Managing Director, will continue as a whole-time Director with the company after retirement from his post.Mr Goenka had earlier served as Head of the Speciality Tyre Business at CEAT. He has also worked with Hindustan Lever, Accenture, Morgan Stanley and KEC International.CEAT is one of the leading tyre manufacturers in the country and is part of the RPG group of companies. Source : 13-03-12   Hindu Business Line   Compiled by Amresh Anjan Services Sector Slows In February Growth in India's services sector declined in February and for the first time in three months also witnessed some job cuts. The HSBC Services Business Activity Index stood at 56.5 for February, down from 58 in January, despite an increase in new orders and an improvement in business outlook. An HSBC survey found a moderate rate of job cuts in manufacturing and an overall drop in staffing levels. The job cuts follow two consecutive months of a marginal increase in employment levels. However, the outlook for the sector seemed "well supported", said Leif Eskesen, chief economist for India and ASEAN at HSBC. Activity expanded at a slightly slower clip in February, but a continued strong increase in new business and an uptrend in the sentiment gauge suggest that activity will remain well supported in the months ahead, he added. Source : 05-03-12   Financial Express   Compiled by Amresh Anjan Organised Sector, Cloud Computing To Boost Jobs A survey has pegged the number of jobs in the organised sector is likely to be around 16 lakh. The Ma Foi Randstad Employment Trends Survey reflected positive hiring trends, with most employers being optimistic about their hiring plans for 2012 and most sectors showing a positive growth outlook. Health care, hospitality and IT/ITeS may add more than two lakh jobs whereas manufacturing (non-machinery products), media and entertainment and real estate and construction sectors look to create one lakh-plus jobs each. The findings are based on a survey of 639 companies across 13 industry sectors in eight major Indian cities. The study expected the job market to bounce back in 2012 as companies strive to maintain growth. Separately, a study commissioned by Microsoft said cloud computing may create more than two million jobs in India by 2015, and nearly 14 million new jobs worldwide. Source : 05-03-12   Financial Express   Compiled by Amresh Anjan Apple Claims On Job Creation Trigger Debate Apple claimed it had "created or supported" 514,000 jobs in the U.S. through the sale of its iPads and other products. These included engineering jobs, jobs of drivers and even the people who built the trucks. The company published a study to highlight its contribution to the country's job market which, it said, was beyond the 47,000 people it directly employed. Apple and other high-tech companies are being scrutinised for their employment practices. They employ relatively fewer people than large U.S. companies such as General Motors and General Electric. Meanwhile, tech companies in general have spurred the U.S. job market, Conference Board data showed. In January, vacancies outnumbered employment seekers by more than three to one. Demand for workers skilled in mobile applications more than doubled. Tech-career website Dice.com had 12 percent more postings than a year ago. Source : 05-03-12   Hindustan Times   Compiled by Amresh Anjan Hyundai Motor India Names MD Hyundai Motor India Ltd (HMIL) today announced a top management change with the appointment of Bo Shin Seo as its new Managing Director.Mr. Seo will replace Han Woo Park, who returns to Korea as Chief Financial Officer of Kia Motors, an arm of the company's parent firm Hyundai Motor Co, HMIL said in a statement. Source : 05-03-12   Financial Express   Compiled by Amresh Anjan Market For Data Centre Professionals Set To Expand With the growth of cloud computing in the country, data centre design is set to gain more importance. Aspirants looking to set up a data centre will benefit from certification. Certified people will get higher preference when looking for a job. However, while certification is a validation of expertise and affects the perception of the employer, it tends to be expensive. Surabhi Gandhi, senior vice-president, TeamLease Services, says certifications are focused towards specific job roles. They add value to a professional in understanding role expectations. Ninad Desai, secretary, Building Industry Consulting Service International, cited a Gartner report which put the data centre market in India at $609 million in 2012. It expected the industry to expand at a compound annual growth rate of about 21 per cent to $1.3 billion by 2016. Source : 06-03-12   Hindu Business Line   Compiled by Amresh Anjan Grant Thornton: Need To Make More Room For Women A Grant Thornton report said giving women more flexible hours could allow more of them to make it to senior roles. This would also take India's ranking higher, the International Business Report said. About 66 percent of Indian businesses have flexible working hours for women, higher than the global average of 52 percent. However, women make up just 14 percent of the top management in India against the global average of 21 percent. Still, this is significantly higher than 9 percent the previous year. A consistent rise in the number of women in India's boardrooms indicates that industry is becoming increasingly receptive to women, Grant Thornton director (marketing communications) Nidhi Maheshwari said. Globally, too, the percentage of women in senior roles improved from 20 percent in the previous year. The annual survey covered 6,000 senior executives in private businesses. Source : 06-03-12   Financial Chronicle   Compiled by Amresh Anjan Avaya Taps India & SAARC Head From Microsoft Business communication services provider Avaya said it has appointed Rajeev Mittal as managing director for its India and Saarc operations. Mittal joins Avaya from Microsoft India, at a time when companies throughout the region are looking to accelerate their businesses with the latest communications and collaborations offerings. Source : 07-03-12   Business Standard   Compiled by Amresh Anjan World Bank Ups India's Growth Estimate To 7.5% The World Bank expects India's economy to grow between 7 percent and 7.5 percent next fiscal, but the pace could be hampered by the European debt crisis. This was higher than its last month's estimate of 6.8 percent growth in fiscal 2012 and 2013. The World Bank also revised its projection for the current financial year ending March 31 to 6.9 percent, in line with the estimate by the Central Statistics Office. The situation in Europe will weigh upon global growth, the bank's India Economic Update warned. More countries in Europe will fall into recession this year, with an adverse impact on the services sector, pushing down overall growth. There could be shocks to the global financial system due to the unsettled debt issues in some European countries. It advised policymakers in India to be prepared for contingencies. Source : 10-03-12   Hindustan Times   Compiled by Amresh Anjan Skill Gap Comes To The Fore In Services Sector A survey by Hindustan Times and C-Fore found that a growing number of youngsters employed in the services sector are stagnating in their careers. About 68 percent of those who have worked in the services sector for more than eight years regretted joining the sector early in their career, the survey said. Some 63 percent said they didn't have the necessary qualifications for a better job. Short-sighted recruitment is responsible for the trend, says Himanshu Aggarwal, CEO of employability solutions company Aspiring Minds. Most BPO hires are evaluated on English-speaking skills and personality. However, as a professional approaches managerial roles, the lack of skills becomes apparent. India's annual capacity for skill development and training is merely 12 lakh persons. Attrition rates being 30 percent to 35 percent in retail and about 25 percent in hospitality, training becomes critical. Source : 10-03-12   Hindustan Times   Compiled by Amresh Anjan U.S. Job Market Looks Up, Recovery Hopes Brighten The U.S. economy showed signs of recovery in February with more than 200,000 workers being added to payrolls for the third straight month. A Labour Department report showed non-farm payrolls increased 227,000. This could improve President Barack Obama's prospects of a re-election. The U.S. unemployment rate has dropped 0.8 percentage point since August. Economists predict it could fall below 8 percent by election time in November. Around 61,000 jobs were created in December and January, more than the number estimated, bringing the unemployment rate down to a three-year low of 8.3 percent. The improving employment trend favoured the old over the young, adds Business Standard. In the last five years, Americans aged 55 plus have gained 3.6 million jobs, while younger workers have lost 7.6 million. Source : 12-03-12   Business Standard   Compiled by Amresh Anjan Career Enablers That Help Women Return To Work A study by FLEXI Careers India has identified certain "career enablers" which will allow women to succeed in the workplace. The study has identified 10 career enablers, which include flexible working arrangements, mentoring and sponsorship, and skill-building initiatives. While women can negotiate flexi working and skill building, they want companies to take up the mentoring and sponsorship role. Career enablers are both organisation-led and individual-led, the study says. Appointing a care-giver at home is an individual-led career enabler, for instance. An inspiring peer group is an organisation-led enabler. The four broad categories of enablers are sustainability enabler, growth enabler, balance enabler and satisfaction enabler. These will help women boost their careers and manage a work-life balance. Their implementation will allow more than 1.5 million women who have left to re-enter the workplace. Source : 12-03-12   Hindu Business Line   Compiled by Amresh Anjan India Infoline Picks Investment Banking Head Financial services company Infoline Group has named Nipun Goel president of its investment banking team. Prior to this, he was managing director and head of investment banking at the Indian unit of Japanese bank Nomura and managing director at DSP Merrill Lynch. Source : 09-03-12   Financial Chronicle   Compiled by Amresh Anjan Workforce Analytics Can Solve Productivity Issues A Workforce Productivity study by Kronos found that hiring and retention are the key challenges faced by HR managers. However, the real problem is the lack of visibility into the workforce. Dick Cahill, vice-president and general manager (international), Kronos Systems, says without awareness of what is happening on the ground, fairness, education, movement or development of employees are not possible. Companies are not being able to measure workforce productivity, which requires accurate and real time workforce data, from absenteeism, time keeping, background, skills, workplace behaviours and more. To enhance productivity, a task must be allocated based on the skill match, based on data. According to Kronos, a total of 72 percent of respondents had a manual process to measure productivity while only 28 percent had an automated system to track its improvement. Source : 12-03-12   Hindu Business Line   Compiled by Amresh Anjan

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HR Articles: Mar-12 (Part-3)

For more article, Visit at : www.amreshanjan.co.cc Study: India Lags In Managerial Practices India and China scored a low rating in a U.S. study which evaluated management practices of organisations. While India's managerial practices have been gaining global admirers, broader Indian managerial practices were below par, the study said. Also, family-run firms, especially those run by the first-born children, were more likely to have poorer managerial practices. The authors studied managers across 10,000 organisations in 20 coun tries. They were gauged on performance monitoring, target setting and incentives/people management. U.S. ranked the highest in terms of management practices, followed by Germany and Japan. U.S also did well in monitoring and target setting. Indian and Chinese firms scored low on this count, preferring to use incentives such as salaries, bonuses and perks to encourage managers. The quality of managerial practices at multinational firms was found to be better than that at domestic firms. Source : 04-03-12   Hindu Business Line   Compiled by Amresh Anjan Domestic Recruiters Save The Day For B-Schools The global economic scenario is prompting premier B-schools such as the Indian Institutes of Management (IIMs) to look at the domestic market for recruitment. These institutes have in the past relied largely on international offers, but are now looking at Indian companies across various sectors. Emerging sectors such as e-commerce have also attracted their attention and courses are being modified to meet the new demand. Professor Ashok Banerjee, dean, new initiatives and external relations, IIM Calcutta, says there has been a "correction" in the nature of placements after 2008. With demand from multinational companies falling, Indian companies are getting good slots and picking up the best talent. Offers from investment banks have gone down in number, but this has been offset by participation from new companies and new sectors on the campus. Source : 04-03-12   Hindu Business Line   Compiled by Amresh Anjan India Lags In Women's Socio-Economic Parameters: Mastercard Study MasterCard study on the socio-economic development of women has placed India at the bottom of 14 Asia Pacific countries. The study consisted of five indicators. These were business ownership, business and government leadership, workforce participation, regular employment opportunities and tertiary education. Each indicator measures the ratio of women to men, with scores indexed to 100 (men). Though India was ranked last with an overall score of 48.4 after taking into account all five parameters, its scores have been moving upward since 2010, according to MasterCard. China, which currently has a score of 73.7, has been experiencing small declines since 2007. Australia scored the most at 83.3. The latest index shows that women are progressing across the key indicators in most markets, said Georgette Tan, group head, communications, Asia Pacific, Middle East and Africa, MasterCard. Source : 04-03-12   Hindu Business Line   Compiled by Amresh Anjan Accenture: Women More Satisfied With Their Jobs An Accenture study said 40 percent Indian women were satisfied with their current jobs and not looking for new opportunities outside the company, compared to 28 percent men. Brazil scored the most at 74 percent. The study put overall job satisfaction in India at 34 percent compared to the global average of 42 percent. Despite this, less than half of the respondents said they were not looking for a new job because of flexible hours. Women cited lack of opportunities and heavy workload as reasons for dissatisfaction, while men cited inadequate pay. Respondents from developing countries were taking greater charge of their careers compared to those from developed economies, the study found. In India, more than 78 percent women proactively manage their careers. Apart from India, China and the U.K., careers were not managed at all. Source : 03-03-12   Business Standard   Compiled by Amresh Anjan Kaizen Management Advisors Names Executive Director Private equity firm Kaizen Management Advisors has promoted Jetu Lalvani as executive director, VC Circle reports. He was previously director of the company. Mr. Lalvani has 25 years of experience across verticals including education with school and college turn-around leadership experience. In the past, he has managed business interests at senior executive roles across various industries including the TEL Group, Saab Rosemount India (Emerson Process Management) and JBA Printing Inks Pvt. Ltd. Source : 02-03-12   VC Circle   Compiled by Amresh Anjan Manufacturing Pulls Down February PMI The HSBC purchasing managers' index (PMI) showed manufacturing activity slowed in February compared to January. The index fell from 57.5 points in January to 56.6 points in February due to a slight contraction in output, falling employment and rising output inflation. PMI manufacturing recorded the highest growth in eight months in January. However, the crucial eight core industries which comprise 38 percent of the index grew a mere 0.5 percent. Markit Economics, which compiles PMI, said new orders touched a 10-month high and new export business recorded a rise for the fourth successive month in February. However, economists say the index needs to be viewed with some degree of caution. The index uses a different sample set compared with the index of industrial production and does not accurately track the core or infrastructure sectors, according to HDFC Bank economist Jyotinder Kaur. Source : 04-03-12   Business Standard   Compiled by Amresh Anjan Nine Indian women in Forbes Asia power list Forbes magazine has named nine Indian women in its "Asia Power Businesswomen list". Among them are ICICI Bank CEO and managing director Chanda Kochchar, Biocon founder Kiran Mazumdar-Shaw and film producer Ekta Kapoor. The list names 50 "pathbreakers" whose extraordinary business success has contributed to the region's remarkable economic growth, Forbes said. It includes CEOs, founders and executives from China, Japan, Australia, Hong Kong, Macau and Vietnam. Most have had to overcome significant barriers to get where they are today. Their business success is a combination of capital, ideas, energy and leadership. These 50 dynamic women are not only game-changers within their respective industries, but have inspired and empowered many talented women to follow their example, Forbes added. Vinita Bali, managing director of Britannia Industries, and Shobhana Bhartia, chairperson and editorial director of HT Media, also feature in the list. Source : 01-03-12   Financial Express   Compiled by Amresh Anjan 2G Verdict: Going Gets Tough For Telco Employees The telecom job market has taken a beating post the Supreme Court ruling on 2G licences. New players such as STel and Etisalat DB have decided to exit and are laying off staff. STel has asked most of its 500 workers to leave after paying them two months' salary in advance. UAE-based Etisalat has offered to absorb about 80 percent of its 1,000 employees in operations in other countries. Newer entrants such as MTS and Uninor are struggling to retain their workforce. Incumbent firms such as Airtel, Tata Teleservices and Reliance Communications have restructured their operations recently, resulting in nearly 6,000 job losses. The lay-offs have led to a glut in the employment market. With new telecom companies exiting and those remaining not investing more in network expansion, there are fewer openings, according to Dony Kuriakose, director, EDGE Executive Search. Source : 01-03-12   Hindu Business Line   Compiled by Amresh Anjan CEO Survey: Intellectual Capital To Drive Growth CEOs across the world feel more emphasis should be placed on measuring non- financial assets such as intellectual capital and customer relationships for long-term growth. The American Institute of CPAs and Chartered Institute of Management Accountants (CIMA) conducted a survey of 300 CEOs. Just 51 percent of CEOs said their organisations currently measure the value of non-financial assets well or very well, according to the survey. Only 12 percent said they sought out their finance teams for the job. One of the main struggles faced by CEOs is building sustainably for the future when the focus is solely on financial, short-term gains, said Charles Tilley, CEO of CIMA. Management accountants, who understand the business from several perspectives, can help businesses succeed in troubled times and create long-term sustainability, he added. Source : 01-03-12   Indianexpress.com   Compiled by Amresh Anjan Employability Study Puts Tamil Nadu At The Bottom Only 10 percent of the engineering graduates from Tamil Nadu are employable, as per the National Employability Report 2011. The report, prepared by employability assessment company Aspiring Minds, put the state at the bottom of a list of 16 states. Tamil Nadu, with the second-largest pool of engineering students, failed on the employability scale when compared to Delhi and Bihar, which had 35 percent employability each and were among the best performers. The survey included students from government engineering colleges and self-financed engineering institutions from Chennai and colleges across the state. The other states at the bottom rung were Andhra Pradesh and Maharashtra. The results directly reflect the decline in quality of engineering graduates in states which have a high concentration of engineering colleges, said Aspiring Minds co-founder Himanshu Agarwal. Source : 02-03-12   The Hindu   Compiled by Amresh Anjan Vodafone India Shuffles Senior Management Vodafone India has made changes to its senior management. The company has appointed Sunil Sood as COO. Sanjoy Mukherjee as chief commercial officer will head the marketing function and Jonathan Bill business development and innovation. Anuradha Agarwal will head brand and consumer insights. Four directors have been named for the North, East, West and South zones. Rajiv Kohli is director for North, Sanjay Warke for East, Rohit Adya for West and B Singh for South. Source : 02-03-12   The Hindu   Compiled by Amresh Anjan U.K. Tweaks Visa Rules, Places Salary Cap The U.K. government is introducing a £35,000 annual salary cap for immigrants seeking to settle permanently in the country. Until now, permanent settlement was automatic after a stay of five years. The new rule is scheduled to be introduced in April 2016. Professionals who enter as PhD-level scientists and researchers will qualify for settlement without having to meet the threshold. The Home Office expects the number of Indians and other non-EU qualifying for permanent settlement to fall to 20,000 from 60,000 annually as a result of the changed rules. Separately, data from the Migration Advisory Committee shows that more Indian IT workers moved to the U.K. under the "intra-company transfer" route last year than in previous years, adds Times of India. The number of workers under the scheme increased from 20,000 in 2009 to 29,700 in the 12 months to September 2011. Source : 29-02-12   Deccan Herald   Compiled by Amresh Anjan GDP Growth Slows To 6.1%, May Spur Rate Cuts The 6.1 percent rate of economic expansion between October and December, the slowest in 11 quarters, may put further pressure on the Reserve Bank of India (RBI) to cut interest rates. However, economists at Citibank and ratings agency CRISIL predicted a 7 percent growth in the current financial year, with the services sector maintaining strong growth. Three of the four sectors clocked more than 9 percent expansion, with construction topping 7 percent. Rajiv Kumar, secretary general of the Federation of Indian Chambers of Commerce and Industry, expressed concern over the possibility of the 6.9 percent advance estimate for the entire year being missed. Aditi Nayar, economist, ICRA, also said GDP growth for fiscal 2012 was likely to be at the lower end of the expected band of 6.8 percent to 7 percent. Source : 02-03-12   Business Standard   Compiled by Amresh Anjan Placements At Law Colleges Beat Slowdown Law colleges across the country have had it good this placement season, with many companies participating along with the usual law firms. The Government Law College (GLC), Mumbai, has placed half of its batch of 240. In all, 65 companies visited the campus and offered annual salaries of between Rs 5,00,000 and Rs 14,50,000. That compares with salaries ranging from Rs 5,00,000 to Rs 12,00,000 last year. At Symbiosis Law School, Pune, the season was better than expected. There has been a continuous stream of companies such as IDBI Bank, for instance, which came in after a long break. A placement head of a law school said though the situation had been expected to be as bad as in 2008-09, placements have gathered pace this year and may be even better in the next two months. Source : 01-03-12   Business Standard   Compiled by Amresh Anjan Overseas B-Schools Tap Executive Education Market International B-schools are flocking to India's executive education space. Harvard Business School (HBS) has become the latest to add an address in India for its management programmes. Starting this month, it will offer executive education at the Taj Lands End hotel in suburban Mumbai. HBS and its India Research Center (IRC), set up in 2006, offer three executive education programmes in India. It has already offered one executive education programme this year and will offer two more between March and May. The Wharton School of Business, University of Pennsylvania, is planning a centre here as well, said Jason Wingard, vice dean, executive education. It is present in the Indian, Chinese and Brazilian markets. Some others offering executive education programmes in India are University of Chicago, Tuck School of Business, INSEAD, Oxford University's Said Business School and Duke University. Source : 01-03-12   Business Standard   Compiled by Amresh Anjan Staffing Industry Pitches For Policy Change The Indian Staffing Federation (ISF) will be presenting to the government a discussion paper on the challenges before the industrhy. The sector is growing at a rate of 10 percent to 15 percent year-on-year and can expand faster in a more conducive regulatory environment, said K Pandia Rajan, federation president. The industry has the potential to create millions of jobs in India and can play a big role in supporting the government on equipping the labour force with more skills. The paper, Rajan explained, will shed light on the challenges in the areas of minimum wages, working hours and infrastructure at work. A key issue is service tax, a big concern for most companies especially in the staffing industry, where it puts a lot of pressure on working capital, said Basudev Mukherjee, ISF executive director. Source : 29-02-12   Hindu Business Line   Compiled by Amresh Anjan Pepsico India Foods CEO Quits PepsiCo India Foods CEO Varun Berry has resigned. During his 18-year career, he worked in various roles in the company's India, Asia and Middle East businesses. Prior to this, he was heading International Dairy & Juice, PepsiCo's joint venture with Saudi Arabia-based dairy company Almarai in Dubai. Source : 01-03-12   Deccan Herald   Compiled by Amresh Anjan

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HR Articles: Mar-12 (Part-2)

For more article, Visit at : www.amreshanjan.co.cc Employability Through Facebook The idea of a potential boss trawling through your drunken pictures on Facebook can be a source of great fear, but according to a new study your profile can be used to quickly predict if you'll be a good worker or a straight-A student. The findings are part of a US study, which found that employers are able to tell how good you will be at a job based on your Facebook profile. Researchers considered photos, hobbies and a person's number of friends before answering questions such as "how dependable is this person?" They found that there was a strong correlation between someone's job success and certain characteristics displayed on a Facebook page. These included a high number of friends, a wide range of interests and photographs showing far-flung travels, as these demonstrate agreeability. They also found that photographs of partying were seen to be positive as it showed the person was more sociable and extroverted. Source : 23-02-12   Hindustantimes.com   Compiled by Amresh Anjan Future Group Freezes Fresh Hiring The Future Group has put a freeze on mass hiring for its retail operations as a part of a restructuring drive resulting in trimming of total workforce. The retailer that operates around 1,200 stores across formats in the country has decided to put a hold on hiring except for a few crucial roles, according to people familiar with the development. In the last one year, the group is understood to have lost up to 4,000 employees as a result of natural attrition and closing down of stores, bringing down the total number of workforce to about 36,000 across levels. The total number of stores closed could not be ascertained as the company officials declined to comment on the issue. Recently, the group had shut down 11 stores of eZone that sells electronics and appliances with an aim to focus only on five cities. The company has also been working on various initiatives, including monetization of non-core business. Future Group has a presence in more than 85 cities and 60 rural locations across the country with formats like Pantaloons, Central formats, Big Bazaar, Food Bazaar and KB's Fairprice Source : 21-02-12   Business-standard.com   Compiled by Amresh Anjan Bullish hiring trends on cards for 2012 first half: Naukri Survey Bullish hiring trends on cards for 2012 first half: Naukri Survey Hinting at robust job creation activities through the first half of 2012 in the country, a new survey has found that nearly three-fourth of the employers are bullish on hiring prospects for this six-month period. As per the survey of more than 1,000 recruiters, conducted by leading job portal Naukri.com, about 72 per cent of the employers are bullish about hiring prospects in the first half of 2012. As per the survey, 72 per cent recruiters expect new jobs to be created in the first half of 2012, while another 4 per cent do not anticipate any layoffs this year. Just four per cent of the recruiters said that there will no hiring. However, recruiters in auto, banking, pharma and construction segments were not as optimistic as those in the other sectors, the survey results showed. About 61 per cent of the recruiters surveyed said that they face a talent crunch during hiring process. As per the findings, majority of the respondents felt that maximum opportunities would be available for those having 4-8 years experience. Regarding increments, around 32 per cent said the range would be between 10-15 per cent while 31 per cent opined that the hikes could be around 15-20 per cent."However it is interesting to note that 15 per cent said that the increments will be less than 5 per cent," as per the Naukri.com survey results. Commenting on the survey results, Info Edge India's Chief Financial Officer Mr. Ambarish Raghuvanshi said that hiring intentions are determined by economic growth outlook as well as business confidence levels. Source : 21-02-12   Profit.ndtv.com   Compiled by Amresh Anjan Indian Shares May Rise After US Jobs Data Indian shares are likely to open higher on Friday, mirroring positive Asian cues after data showed U.S. jobless claims held at a four-year low and German business confidence exceeded forecasts. The euro rose to a 2-1/2-month high against the dollar before GDP reports from Germany and the UK slated to be released later in the European session. Having said that, the recent hike in global oil prices is a concern as India imports nearly 80 percent of its oil requirements. The rise in oil prices if sustained may put upward pressure on inflation and limit the scope for further monetary easing. Crude futures for April delivery rose $1.55, or 1.5 percent to settle at $107.83 a barrel on the New York Mercantile Exchange on Thursday, its highest closing level since May 5, helped by lingering concerns about possible supply disruptions and a weak dollar. Source : 23-02-12   Rttnews.com   Compiled by Amresh Anjan MacAfee Names Jagdish Mahapatra as MD India & SAARC Security software provider McAfee has appointed Jagdish Mahapatra as the Managing Director for India and SAARC operations. Based in Mumbai, Mr. Mahapatra will report to Wahab Yusoff, Vice-President South Asia and will spearhead the company's growth in the subcontinent, McAfee said in a statement. In this role, his key responsibilities include driving enterprise and consumer driven product revenues, strengthening the customer base across verticals and leading channel partner and alliance engagements, it added. In his previous role, Mr. Mahapatra was Senior Vice President (IT Services Sales) at Cisco Systems India. Source : 13-02-12   Pluggd.in   Compiled by Amresh Anjan Eyeing Telecom Business, Cisco Systems To Increase India Staff By 60% in 4 Years Networking major Cisco is planning to increase its workforce in India by 60 percent over the next four years. The expansion is part of its strategy for emerging markets. The company will recruit most of the personnel for its research and development centre in Bangalore, which is its largest outside the U.S. The expansion is happening at a time when telecom majors such as Nokia, Nokia Siemens Networks, Tellabs, Alcatel-Lucent and others started looking at reducing their global workforce. Several telecom operators have also reduced their manpower in India. Cisco is increasingly using the Bangalore centre for innovating products for emerging markets such as India, China and Brazil. "By 2015, we will be ramping up from 7,500 people to about 12,000 people, increasing workforce out of Bangalore. We want to innovate faster and at the right price point for emerging countries because the growth will happen in this part of the world now," said Mr. Sanjay Rohatgi, senior vice-president of service provider business in India, Cisco. Source : 02-02-12   Telecomlead.com   Compiled by Amresh Anjan 2 Cohorts Begin Recruitment At IIM Ahmedabad The final placement for 372 students of the PGP batch of 2010-12 at Indian Institute of Management, Ahmedabad, started on Monday. Boston Consulting Group (BCG) made the maximum number of offers on the first day. Firms belonging to two cohorts — global strategy consulting and international investment banks were part of the first cluster on Monday. BCG recruited 17 PGP students from IIMA this year. The other recruiters included, McKinsey & Co., Bain & Co., AT Kearney, Credit Suisse, HSBC, Oliver Wyman and Accenture. The students were offered roles in their India offices as well as in international locations such as London and New York. Credit Suisse was among the recruiters that offered international jobs to students. Completion of recruitment within 15 days in four different clusters of final placements is an experiment that the IIMA placement cell has chosen to undertake this year. Last year, companies from each cluster recruited students on weekends extending the placement season for a month. Following the newly-introduced Indian Placement Standard Reporting (IPRS), the IIMA is keeping all details regarding placements a secret. Concerned officials refused to reveal details about number of students participating. Source : 14-02-12   dnaindia.com   Compiled by Amresh Anjan Cathay Pacific to hire 200 flight attendants in India, Delhi Global air carrier Cathay Pacific Airways plans to hire 200 flight attendants in 2012 as part of India expansion plan. We will be hiring 200 cabin crew in all in 2012," a company spokesperson said. The last recruitment exercise in India was held 15 years ago, the airline said. Over 2,000 shortlisted candidates of Indian nationality, over 18 years of age and are fluent in Hindi and English, will be invited to interview sessions in February, the company said in a statement here. Cathay Pacific is committed to serving India and contributing to the country's aviation industry. Recruiting local cabin crew will enable us to fine-tune our services to cater specifically to Indian travellers," Cathay Pacific General Manager (South Asia, Middle East and Africa) Mr. Tom Wright said. Successful applicants will be trained and based in Hong Kong - the home of Cathay Pacific. The airline operates a fleet of 131 aircraft and serves more than 160 destinations around the world. The airline has been operating passenger services between Hong Kong and India since 1982 and flies to three cities here - Mumbai, Delhi and Chennai. Source : 16-02-12   Resumes-india.com   Compiled by Amresh Anjan Hiring To Grow In Small Cities In First Half Of 2012 Says MyHiringClub.com Survey A positive trend in recruitment is expected in smaller towns and mini-metros during the first half of 2012 on the back of increased hiring in sectors such as engineering and manufacturing, says a survey. According to the survey by recruitment tendering platform MyHiringClub.com, hiring activities are expected to grow by 11 per cent in Tier-II cities such as Pune and Hyderabad during the January-June period of 2012 compared to the year-ago period. In addition, 8 percent growth in recruitment activities may be witnessed in Tier-III cities like Jaipur, Ghaziabad and Kochi during the first half of the 2012 from the year-ago period. Tier-II and Tier-III cities seem to be gaining ground, compared to the metros as companies continue to look at them as cost-effective destinations."Employees from these cities have a very low attrition rate and are cost effective as compared to the metros. That's the main reason where employers had started preferring candidates from these cities," MyHiringClub.com CEO Mr. Rajesh Kumar said. Manufacturing and engineering, retail, FMCG, banking and financial services and IT/ITeS are major sectors that would see maximum hiring from smaller cities during the period under review and the survey expects that similar hiring trend will continue during the second half of the year as well. Source : 20-02-12   zeenews.india.com   Compiled by Amresh Anjan IndianOil To See Half Of Staff Retire By 2021 IndianOil Corporation Limited (IOCL) is set to lose about 16,000 employees by 2021. In order to counter the mass exodus that will happen due to retirement of employees over the next eight years, the 50-year-old company will be outsourcing some of its "peripheral" jobs and services."Between 2012 and 2021, we will be losing half of our 34,000-strong workforce," Mr. Ashok Jambur, chief training manager (refineries divisions) at IOCL, told The Indian Express on the sidelines of the National HRD Conclave organized in Vadodara by the Federation of Gujarat Industries (FGI). The retirement will be across the board and will include both white and blue-collared workers. Mr. Jambur conceded that future recruitment would be a challenge for the company. "We will recruit through campus recruitment, advertisements and placement agencies," he said. An Ernst and Young study conducted in 2010 on the human resources challenges faced by India's oil and gas sector had cautioned about retirements that will happen in the core functions. It said that the Indian oil and gas sector was facing competition in the talent market not only from other sectors but also from global oil and gas companies that are targeting premier Indian engineering institutes."We will also outsource some of the jobs and services like transportation, maintenance, canteen facilities etc," Mr. Jambur said. IOCL sources said the company might also consider hiring some of its retired employees on a contractual basis. Source : 24-02-12   Indianexpress.com   Compiled by Amresh Anjan Public Sector Banks May Not Flock To The IIM'S The slowdown in 2009 saw many public sector organizations coming to the rescue of the Indian Institutes of Management (IIMs). This placement season may not paint a similar picture. For instance, State Bank of India (SBI) and IDBI Bank have decided not to go to the IIMs this year. Union Bank of India and Bank of India are not sure about the number of students they will get to recruit. We will visit all other management institutes except the IIMs, as we have had a bad experience with them," said Mr. T R Bajalia, executive director (HR) .They tend to leave us in one to two years time." In fact, the public sector lender has already begun visits to management and engineering institute campuses to recruit 400 graduates, including MBAs. SBI reveals it has no plans to visit management institutes this year. It will decide its 2012-13 course of action this April. Reason: the bank is planning to recruit people entirely through their national-level entrance examination, according to Arundhati Bhattacharya, deputy managing director of SBI. PSUs told Business Standard that last year, with the economy back on track, IIM students preferred private sector companies due to fatter pay packets. Government undertakings such as BPCL, HPCL, GAIL, IOCL, NTPC, SBI Cap, Sidbi, Sebi, United Bank of India and Union Bank of India, with their conservative salary structures, recruited from other B-schools in good numbers. While PSU banks offer students a package of Rs 5-6 lakh per annum, private banks pay over Rs 10 lakh per annum. Source : 14-02-12   business-standard.com   Compiled by Amresh Anjan Unisys Forays Into Security Solutions Market In India US information technology company Unisys has made its move to take a share in the growing Indian security solutions markets as internal surveillance in the country grows. Unisys security solutions integrate closed circuit television (CCTV) footages into cloud computing systems. This allows for storage of data of CCTV data remotely, in servers located in data centres or disaster proofed locations. Mr. Kumar Prabhas, Unisys India MD also said, Unisys has been increasing its recruitment from campus and in 2011, its fresher's recruitment stood at 41 per cent of its total recruitment in India. Source : 23-02-12   Mydigitalfc.com   Compiled by Amresh Anjan Infosys To Hire 20,000 From Campuses In India Infosys Technologies will hire 20,000 people from campuses across the country during fiscal 2012-13. Company Chief Executive Officer and Managing Director Mr. S D Shibhulal said the company was well on track to meet its target of hiring 47,000 persons during the current fiscal year. Infosys has hired 23,000 persons from the campuses during 2011-12. He told Khaleej Times that IT companies were not getting adequate people from the campuses as more than 75 per cent of the fresh graduates were not employable. He said concerted action was required to make the youth industry ready. Mr. Shibhulal said there was need for a review of the current curriculum and qualitative improvement in the faculty. Campus Connect seeks to align the college curriculum with the industry's needs. Under the programme, Infosys designs industry-oriented topics and provide the courseware to students besides giving them projects to do, and also provide sabbaticals for the faculty. Infosys will increase its strength in the Trivandrum development centre from 5,000 to 10,000 in the next two to three years. The company will establish a development centre at Indore in Madhya Pradesh as soon as land is available. The other cities where Infosys has centred its focus include Jaipur, Pune, Mysore, Mangalore and Bhuwaneshwar. Source : 16-02-12   Khaleejtimes.com   Compiled by Amresh Anjan MBAs Back In Demand; Top B-Schools Increase Seats Amid economy-related bad news — hiring freezes and low salary packages — there's some good news for those who wish to pursue an MBA. With the demand for MBAs rising again, top B-schools across the country are set to hike their intake this year or the next. SP Jain Institute of Management and Research, Mumbai, plans to increase intake in its postgraduate diploma in management (PGDM) from 180 to 240. The director Mr. SheshaIyer said, "We are awaiting the All India Council for Technical Education's (AICTE) nod."State-owned Sydenham Institute of Management is also doubling intake for the first time since its inception in 1983. It has applied to the AICTE for the same in the backdrop of CMAT becoming compulsory for all from 2013. Director Prof MA Khan said, "We have 60 seats each in MMS and PGDBM. Once CMAT becomes compulsory, PGDBM will be open to out-of-state students as well. Hence, we have asked for 60 more seats in MMS as admission in this course will be restricted to state students." XLRI School of Business and Human Resources, Jamshedpur, plans to increase intake from 2013. Two postgraduate programmes, which have 120 seats each, will touch 180 each next year. Hyderabad's Indian School of Business, which has 570 seats, will have a new campus in Mohali with 200 seats. The number of aspirants in top B-schools is also on the rise. Narsee Monjee Institute of Management Studies got 20% more applications this year. Director Mr. Amrish Patel said, "Last year, we had received 39,000 applications for PGDBM. This year, the number has crossed to 54,000." SP Jain too saw a rise in applications from last year's 14,000 to 16,000 this year. While there still is a huge gap between demand and supply in good schools, a large number of seats remain vacant in B-schools located in the interiors as they lack basic infrastructure and good teachers. As many as 50% management seats (16,400) remained vacant in Maharashtra in 2011, in spite of that AICTE is flooded with new requests from state. Council's state chief Mr. AK Shukla said, "Nearly, 111 applications are pending for increase in intake or new schools for engineering, management and other technical schools. Breakup is yet to be seen.""For a country like India, which is growing, demand is not an issue with respect to quality MBA programmes. Unfortunately, a lot of institutes churn out students of poor quality for whom there is no market value," said Mr. Janat Shah, Director of IIM, Udaipur Source : 24-02-12   Dnaindia.com   Compiled by Amresh Anjan Indian BPOs Are Going Rural To Stay Competitive Business Process Outsourcing (BPO) companies are now moving away from the main metro cities to the hinterlands in search of talent as well as to economize the cost of their operations. "Lower cost of operations and better retention of employees are driving growth," said a recent National Association of Software and Services Companies (Nasscom) survey titled "Strategic Review 2011". If one were to go by the survey, IT-BPO firms are set to increase the total rural BPO employee base by more than 10 times over the next three years. Rural BPOs are now compelling business ventures for outsourcing companies due to factors such as availability of talent, low attrition rates, affordable real estate, and cheap labour and minimal operational costs. According to Mr. K. Purushothaman, Regional Director of Nasscom, business process outsourcing jobs are moving away to low-cost countries such as the Philippines and Egypt. If India needs to retain its brand image of world's outsourcing destination, it will have to explore newer avenues and areas. "Tier-III and rural areas are the next best options for these outsourcing companies. Talent is available in these rural areas, but it will have to be re-oriented to meet the requirements of the industry standards," he added. Source : 24-02-12   Thehindu.com   Compiled by Amresh Anjan Mr.Murthy's Budget Wish list: FDI, Jobs And Education Infra Ahead of the presentation of the Union budget, software icon Mr. N R Narayana Murthy today urged the government to make it easier for businesses to grow and foreign direct investment, among others. On his wish-list for the budget, the Chairman Emeritus of software major Infosys, told reporters here that if the government can do whatever is needed to accelerate the country's progress in basic and higher education, in the areas of nutrition, health and shelter, "that would be good". Asked if he is looking forward to the budget turbo-charging the economy, Mr. Murthy said in addition to that, the government needs to make it easier for businesses to grow, for job creation, for FDI and for building higher education infrastructure quickly. Regarding higher education sector in India, he said, "We have to speed up our responses to the critical areas that we have – whether entry of foreign universities in India, whether it's the formation of National Science and Engineering Board". "All these issues will have to be decided with a sense of alacrity. Because education is one of the most critical infrastructures for the country," he added, stressing the need for taking "quick decisions" because "then you can go to the next steps". The Union Budget will be presented on March 16. Source : 27-02-12   Firstpost.com   Compiled by Amresh Anjan Food Corporation Of India Plans To Hire 6,000 In 6 Months Food Corporation of India (FCI) is mulling to hire 6,000 people in the upcoming six months with the aim to handle the surge in food grain procurement, according to Prof KV Thomas, Food Minister. This will be along with the 4,000 people that FCI has been recruiting currently for which written tests has been conducted by the Staff Selection Commission. Mr. Shiraj Hussain, Chairman, Food Corporation of India, said, "Our board has approved hiring of 6,000 more people in the C Category and we will request SSC to undertake the additional recruitment." This statement has come on the sidelines of the international wheat conference. FCI presently has staff strength of 30,000 employees. With the new additions, the overall headcount is unlikely to cross the sanctioned strength of 36,000 since FCI is eyeing significant churn due to the retirements in the upcoming few months. Source : 10-02-12   News.indiamart.com   Compiled by Amresh Anjan 4th Cluster Of IIM Ahmedabad Placements Ends As the placement season at the Indian Institute of Management, Ahmedabad (IIM-A) reached its fourth cluster on Monday, FINO, a firm offering a business and banking technology platform, offered maximum jobs. The fourth cluster began on Saturday evening and continued till Monday late evening. The process started with group discussion on Saturday. Students were interviewed on Sunday and Monday at the campus. Cluster 4 saw firms from industries such as steel, e-commerce, textile, financial services and analytics recruiting students. Tata Steel, FINO, Raymond, D'Décor, RedBus were among the recruiters and offered jobs in sales and marketing, business development and general management. Mr. Damorine Bent, assistant manager (talent acquisition) at FINO, said, "We are coming back to IIMA after three years. IIMA students have proved themselves in our organisation and we wanted to make maximum use of this opportunity". Even after the completion of four clusters, there are students waiting to get right offers and so the final placement process of IIMA will now proceed on a rolling basis where firms will be invited to the campus based on students' preferences. Source : 28-02-12   dnaindia.com   Compiled by Amresh Anjan Air India's Pilot Hiring Drive Fails To Take Off It seems there are not many takers for the lucrative offers dropped by Air India Express in its bid to recruit native pilots to operate the Boeing 737-800 fleet. Aimed at uninterrupted service, the low-coast arm of Air India had launched a recruitment drive for pilots in which preference was given to Indians. The aim of the Kochi-headquartered company, which mainly serves caters to the Gulf region, was to base some of its pilots in Kochi, Kozhikode and Mangalore from where AI Express operates a major share of its flights. "We did not get the required number of aviators even after announcing plush offers. The number is so poor that it has not even crossed five," said Mr. S Chandrakumar, chief operating officer of AI Express. The airline's plan was to recruit 25 commanders and 20 co-pilots. Currently, AI Express commanders and co-pilots are based in Mumbai. For operating a flight, they have to come all the way from Mumbai to these cities. Considering expenses incurred for accommodating them in hotels and the travel costs, the best option for the company was to base them in the respective cities. The company also announced additional allowances of Rs 1 lakh. The remuneration for a commander with AI Express is $100,000 (Rs 4.94 lakh) per month. AI Express fleet consists of 21 B737-800 aircraft and it operates nearly 100 flights per week, mainly from Tamil Nadu, Karnataka and Kerala. At present, the airline has 108 commanders, out of which 15 are expatriates. "Hiring expatriate commanders is expensive. That is why we look for Indians," said Mr. Chandrakumar. He said that the lack of pilots was one of the reasons for clubbing of some services when the company had to reschedule its flights after the guide-lines under Window of Circadian Low (WOCL) came into force in February this year. Source : 29-02-12   ibnlive.in.com   Compiled by Amresh Anjan Indian IT Industry To Hire 200,000 For FY13. The Indian IT industry will continue to be a net hirer, even as it battles global uncertainty, said the industry body National Association of Software and Services Companies (Nasscom). For the financial year 2013, the industry will hire around 200,000 of which 100,000 students have already received offer letters. The industry would end FY12 by hiring 230,000. Rather the industry would have created direct employment of 2.7 million and indirect employment of around 8.9 million. The IT-BPO sector continues to be one of the largest employers in the country by creating in total jobs for 11.7 million. The industry is expected to increase direct employment by 9 per cent. "We have projected a growth of 11-14 per cent. We will revisit the same in October. Based on this as of now the hiring will be 200,000, but we think we will either hire similar number as FY12 or slightly higher," said Mr. Rajendra Pawar, Chairman, Nasscom. Rather the industry body believes that across the globe there is shortage of skills in the technology space. The industry also agreed that with elections around the corner in the US, outsourcing rhetoric is but going to go up. "This year we would like to focus on communicating to the world and make people understand how we are creating employment and helping companies across geographies," said Mr. Pawar. Over the last few year Indian IT firms have created over 25,000-30,000 jobs in the US. Of the total base of employees being hired by the industry, around 5-6 per cent are foreign employees. "Globally companies are hiring talent and they are hiring everywhere. Infact the global hiring will go up significantly on a year over year basis. As we expand, not just the IT firms, we do need a variety of jobs and skills and we will need to hire from all geographies," said Mr. N Chandrasekaran, Vice-Chairman, Nasscom and MD & CEO, TCS. Source : 14-02-12   Business-standard.com   Compiled by Amresh Anjan

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