|
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 |
No comments:
Post a Comment