|
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
|
No comments:
Post a Comment