HR Articles: Jun-12 (Part-2)

For more article, Visit at : www.amreshanjan.co.cc Naukri Job Speak Index For May-12 Grew By 10% As Compared To The Previous Year, Maintains Stable Hiring Levels Month On Month Despite uncertain economic conditions and low GDP growth, the overall hiring activity of India Inc is moving at a stable rate. The Naukri Job Speak index for May-12 is 10% higher than what it was a year ago, but monthly growth has been negligible owing to a mixed hiring sentiment across sectors. In May-12, both IT- Software and ITES the largest job creators in the country have seen a marginal dip in hiring levels when compared to the previous month. Hiring activity has been positive for Auto, Oil & Gas and Banking sectors with the job speak index moving up by 8%, 6% and 3% respectively in May-12 over Apr-12. The Software services and Pharma sector has seen stable hiring levels over the last one month. On the contrary, Construction, BPO and Telecom sectors have been staggering with low hiring figures for the last few months and have seen dips within the range of 4% and 9% in May-12 when compared to Apr-12. Source : 11-06-12   Naukri.com   Compiled by Amresh Anjan CII Seeks Revival Package Amid Sputtering Growth The Confederation of Indian Industry (CII) called for an economic revival package as industry sentiment deteriorated further. Industrial growth shrank to 3.5 percent in March compared to last year. Economic growth is seen declining this fiscal, though not many expect it to be negative, according to a CII survey of 100 industry leaders. About 40 percent say growth in net sales is likely to remain stagnant or decline this fiscal, the poll said. Half the respondents have put their hiring plans in abeyance. A majority of them said their plans to expand domestically may remain at the same level as last year. A large number said they would increase their investments abroad. This is a clear indication of lower business sentiment domestically and the need to improve the investment climate in the country, the report said. Source : 10-06-12   Financial Chronicle   Compiled by Amresh Anjan Downturn Spurs Hiring Of Senior Managers Hiring of senior executives is likely to grow 12 percent this year. Vinay Grover, CEO of search firm Symbiosis Management Consultants, says companies are averse to taking risks now and prefer to take a balanced approach. Being risk-averse and assuming multiple roles are qualities that senior managers bring to the table. According to Deepti Yogi, assistant vice president at Elixir Consulting, companies are also looking for experienced professionals to tide over economic fluctuations in the current slowdown. Senior executives are mainly being hired in banking, finance, followed by steel, engineering, power, real estate and infrastructure among others. The trend started during 2008-09 when the financial markets were in turmoil. It is likely to sustain as companies seek to hire a mix of talent. However, the salary offers may be somewhat below the level usually given to senior managers. Source : 10-06-12   Financial Chronicle   Compiled by Amresh Anjan More Techies Getting Chance To Work From Home The concept of allowing employees to work from home has finally got a boost. The concept is catching on with IT. Companies such as IBM, HP, Oracle, Cisco, Accenture and Dell have set the trend. Pune-based Zensar is looking to allow 30 percent of its employees work from home, locally and in towns and cities near its centres. Besides being cost effective, the move will allow company access to good talent unwilling to relocate, said Ganesh Natarajan, vice-chairman and CEO of Zensar Technologies. The RPG Group firm already has nearly 200 people working from home in Pune. The practice will also be introduced in Hyderabad, Zensar's second largest centre in the country. It aims to have almost 50 percent of its employees working from home for its newest centre in Bangalore, which will specialise in developing intellectual properties. Source : 09-06-12   Business Standard   Compiled by Amresh Anjan Maruti To Increase Headcount By 1,900 Maruti Suzuki announced it will add around 1,900 employees to its workforce this year. Around 900 of these will be in the engineering and management divisions. It also plans to hire 1,000 technicians on the shop-floor. This fiscal, Maruti has hired 200 employees so far. The auto maker will launch a web-based training academy with an investment of Rs 25 crore by October, COO SY Siddiqui said. Apart from functional and technical training, soft skills and customised training will also be included. About 75 percent of the training will be provided from the location itself, Mr. Siddiqui said. Maruti also plans to hire about 1,600 employees for the upcoming plant in Gujarat. The facility is being set up with an investment of Rs 4,000 crore. The company currently has a workforce of 9,350. Source : 10-06-12   Financial Express   Compiled by Amresh Anjan Shift Focus Of Higher Education For Real Growth Higher education in India suffers from a serious quality problem, says a report. Only 15 percent of the population in the 18-23 years bracket enrolls for higher education. Despite its various strategies, the government is clueless about the kind of economy that higher education is supposed to serve. For India to attain solid growth, the government has to bring down the current account deficit to a more sustainable level. This can only be achieved through reduced import-dependency in areas such as energy, electronics and project equipment, areas where higher education can step up contribution. Instead, fresh job seekers come geared for financial services, consumer goods and IT, because that is where employment is to be found. The focus instead should be on creating a job market in areas crucial to the country's future. Source : 09-06-12   Hindu Business Line   Compiled by Amresh Anjan Wipro BPO Head Steps Down Wipro's BPO head Manish Dugar has resigned. The reason for Mr. Dugar's resignation was not immediately known. Mr. Dugar took up this position from Ashutosh Vaidya as the global head of the IT firm's BPO operations, a year ago. Manoj Punja, Wipro's Latin American sales chief, will replace him.In his earlier position, Mr. Dugar was the chief financial officer (CFO) of Wipro's IT business. Prior to his role as the IT business CFO, he headed the finance function for the BPO division where he played a critical role in the group's global expansion. Source : 08-06-12   Financial Express   Compiled by Amresh Anjan Wages In India 10% Of Pay Packages In West A study said workers in India make just about 10 percent of what their counterparts in the developed countries make for the same amount of work. The research, conducted by Orley Ashenfelter, a professor at Princeton University, documented wages of workers at McDonald's. It found that a McDonald's worker in India gets just $0.46 per hour, while counterparts in the U.S. working under identical conditions earn nearly 16 times more. A McDonald's employee in the U.S. earns about $7.33 per hour and in India just $0.46 per hour. A large majority of workers in India, China, Latin America and the Middle East are paid much less than those in the U.S., Canada, Japan and Western Europe. Although there has been noticeable growth in wages, it has halted since the start of the recent financial crisis, the study noted. Source : 06-06-12   Financial Express   Compiled by Amresh Anjan Paypal Picks 80 IIT Techies In Campus Debut PayPal has hired 80 graduates from the Indian Institutes of Technology (IIT) in its first-ever campus recruitment drive. The intake is the largest by any multinational company from the IITs this year. The company has about 2,250 employees at its Chennai centre. It plans to hire 900 more before the first quarter of next year. Also on the cards is a centre in Bangalore, for which it will hire 1,000 over the next three to five years, according to Anupam Pahuja, head, India Development Centre. The recruits are "high-end technologists" and will focus only on product development. The average pay is expected to be around Rs 7 lakh per year. PayPal intends to visit the IITs and other top engineering colleges every year for recruitment, Mr. Pahuja said. The Chennai centre accounts for nearly 60 percent of PayPal's global product development work. Source : 06-06-12   Hindu Business Line   Compiled by Amresh Anjan SBI To Hire 9500 Employees The country's largest bank SBI has said it plans to hire 9,500 employees this fiscal and its main thrust will be on retail banking in the coming years. Noting that the current economic environment warrants greater prudence, State Bank of India (SBI) Chairman Pratip Choudhuri has said the bank would remain vigilant to new opportunities and challenges."In the coming years, your bank's main thrust will be on retail, and, as shown by our achievements, we are well positioned to meet the competition," he said in his letter to shareholders, published in SBI's Annual Report 2011-12.The state-owned bank also disclosed in the report that its overall staff strength declined by 7,452 employees during the last fiscal, but it has decided to offer jobs to 9,500 clerical staff during 2012-13 to meet the growing needs of the bank. Source : 12-06-12   Financial Express   Compiled by Amresh Anjan Air India To Hire 100 New Pilots Air India is going to induct about 100 new pilots in the next few months, Civil Aviation Minister Ajit Singh said while virtually shutting the doors for striking pilots, asking those sacked to apply afresh. Indicating that the 101 sacked pilots could be replaced by new ones, Mr. Singh said 90 pilots were currently undergoing training and would be available for flying in August."We're making sure we have enough resources - pilots and engineers to operate the new flights we have planned," he said in reply to a spate of questions on the month-long pilots' agitation spearheaded by the Indian Pilots Guild (IPG). Source : 06-06-12   DNA   Compiled by Amresh Anjan Women Doctors Make Less Than Men: Study Female doctor-researchers make an average of $12,000 per year less than their male counterparts, even after their work hours and area of specialty are taken into account. The wage gap between men and women is nothing new, but among doctors in particular it wasn't clear if the disparity was due to different career choices and work habits in men and women that could have affected their pay. "Disturbingly, even after we controlled for all those other factors, we found that male doctors were paid more than female doctors for doing the same work," said Dr. Reshma Jagsi, the lead author of the new study from the University of Michigan in Ann Arbor. She and her colleagues sent questionnaires to 800 doctor-researchers in the United States, all of whom had previously won a mid-career award from the government. The doctors were an average of 45 years old at the time of the survey and three-quarters of them were white. Men reported making an average of slightly over $200,000 per year and women about $168,000, according to findings published in the Journal of the American Medical Association. Source : 13-06-12   Reuters.com   Compiled by Amresh Anjan Firms Seek Internal Candidates For Corner Room Companies are increasingly scouting within for C-suite talent. Adil Malia, HR head at Essar Group, says chances of success are higher for internal candidates. Talent from within the system has a track record of performance. After the CEO position fell vacant in the group, Dilip Oommen, who heading a facility in Gujarat, was elevated to the role. Companies are realising that the cost of a hiring a new person and then training them is much more than sourcing the candidate internally, says Sangeeta Lala, vice president at TeamLease Services. For the candidates, the lucrative rise while switching jobs is a thing of the past, says R Suresh, managing director, Stanton Chase. Normally, C-suite executives come at a 30 percent to 40 percent increment. However, this figure has come down by half in the slowdown. Source : 14-06-12   Business Standard   Compiled by Amresh Anjan Servion Global Names VP Servion Global Solutions has appointed Samir Sayed as the vice president and head of sales. Servion is a customer interaction management provider. Source : 16-06-12   Financial Chronicle   Compiled by Amresh Anjan

www.amreshanjan.co.cc

HR Articles: Jun-12 (Part-1)

For more article, Visit at : www.amreshanjan.co.cc Services Continue To Drive Employment Growth The job market is expected to beat the slowdown blues as companies strive to maintain growth, E Balaji, managing director and CEO of Randstad India. However, industry is suffering on account of inflation and a weakening rupee. In spite of this, the services sector, which contributes about 59 percent of India's GDP, has shown no sign of slowing. Activity in the sector grew slightly in April on the back of a rise in new business. This supported a marginal increase in sequential employment growth. Expansion in India's job market is largely dependent on its services sector. The sector, however, is dependent on the growth of the manufacturing sector in India and abroad. A lot will depend on the macroeconomic environment, and the government's policy initiatives, for industries to generate more jobs and growth. Source : 27-05-12   Financial Chronicle   Compiled by Amresh Anjan Downturn No Damper For Fresh Mbas, IIT Grads Job prospects for graduates of premier institutes remain bright. The slowdown has not affected hiring from premier institutes, says B Nagarajan, deputy registrar, training, placement and public relations at the Indian Institute of Technology, Madras (IIT-M). The number of companies visiting the campus has increased 80 percent, from 220 companies last year to 400 this year. Thus indications of any slowdown, at least at the IIT-M campus, are missing. With jobs in most developed nations becoming scarce due to the recession, demand for MBAs has been affected. However, that does not hold true for premier institutes. Recruitment numbers from the Indian Institute of Management, Ahmedabad, have remained consistent, with most students being hired. At the Loyola Institute of Business Administration, Chennai, almost the entire batch has been placed. Average salaries have risen to Rs 8.33 lakh, up 12 percent. Source : 27-05-12   Financial Chronicle   Compiled by Amresh Anjan Citibank and Ford to up India headcount Citibank is planning to hire 2,000 professionals during the year. India remains a key market for Citi, and the bank would continue to hire, Anand Selvakesari, country business manager, global consumer group, Citibank India said. Citi will also visit business schools to hire fresh management trainees and summer interns. Also on the cards is hiring fresh graduates from colleges. Ford too has India expansion plans. It will be recruiting 700 people for its two units, Ford India and Ford Global Business Services. It plans to increase its headcount by the end of this year. Ford has previously recruited 90 business school graduates and 45 engineering graduate trainees. Ford India has invested close to Rs 4,000 crore in its vehicle and operations plant in Sanand, Gujarat. It will recruit 5,000 direct employees for the project over time. Source : 25-05-12  Hindustan Times   Compiled by Amresh Anjan Demand For Project Managers Set To Boom India needs at least five lakh project managers in the next few years. Citing an Indicus report, Craig Killough, vice-president organisation markets, with standards and certification body Project Management Institute (PMI), says the overall supply currently is about 96,000 and may top 2,15,000 by the year-end. There are around 30,000 certified project management professionals in India, of which 12,500 are PMI members. PMI creates standards for organisations to develop methodologies for executing projects, programmes and managing their portfolio. It also creates global standards and frameworks to guide businesses. Globally accepted standards and credentials provide a common operating framework for companies, and also a common lexicon and language for people to communicate in. PMI also defines roles such as project manager, programme manager and portfolio manager, generates global studies. Source : 25-05-12   Financial Express   Compiled by Amresh Anjan Future Generali Scales Down Operations, Trims Workforce Private insurer Future Generali Life has seen its workforce shrink by a third and its branch network by 30 percent.. The insurer has cut branches by 55 since April, from 180 on March 31 to 125 now. As on April 30, the total headcount stood at 2,750, compared to 3,150 a month ago, as per company data. Several positions such as zonal heads and channel heads have been abolished and cuts have been made in the number of regional managers, area managers, branch managers and sales managers. However, Deepak Sood, managing director and CEO, downplayed the scaling back, saying there was a natural level of attrition. The company was focusing on quality than quantity and merging and downsizing its loss-making branches. Future Generali Life has been promoted by the Kishore Biyani-led Future Group. Source : 23-05-12   Business Standard   Compiled by Amresh Anjan Future Generali Scales Down Operations And Trims Workforce Private insurer Future Generali Life has seen its workforce shrink by a third and its branch network by 30 percent.. The insurer has cut branches by 55 since April, from 180 on March 31 to 125 now. As on April 30, the total headcount stood at 2,750, compared to 3,150 a month ago, as per company data. Several positions such as zonal heads and channel heads have been abolished and cuts have been made in the number of regional managers, area managers, branch managers and sales managers. However, Deepak Sood, managing director and CEO, downplayed the scaling back, saying there was a natural level of attrition. The company was focusing on quality than quantity and merging and downsizing its loss-making branches. Future Generali Life has been promoted by the Kishore Biyani-led Future Group. Source : 23-05-12   Business Standard   Compiled by Amresh Anjan Monnet Ispat & Energy Picks CEO For Mining Ops Monnet Ispat & Energy Ltd has appointed Mr N.C. Jha as Chief Executive Officer for its mining business operations.Mr Jha retired recently as Director-Technical at Coal India Ltd and held the additional charge of Chairman of the coal major. "We are delighted to welcome Mr Jha to spearhead the mining operations at Monnet Group. Mr Jha's appointment has happened at an opportune time as Monnet Group is substantially scaling up the mining operations in India and abroad," said Mr Sandeep Jajodia, CMD, Monnet Ispat. Source : 21-05-12   Hindu Business Line   Compiled by Amresh Anjan RIM To Slash Around 2,000 Jobs BlackBerry-maker Research In Motion (RIM) is likely to slash around 2,000 jobs worldwide as part of a massive restructuring plan that will begin in the next couple of weeks. RIM, which has about 16,500 employees worldwide at present, had announced in July last year to reduce its workforce by 2,000.The report said the layoffs and executive departures would sweep across departments, ranging from senior positions in RIM's legal division to human resources, finance, sales and marketing. Source : 29-05-12   IBN Live.com   Compiled by Amresh Anjan BPO Employees To Feel The Pinch As Earnings Fall India's $17 billion business process outsourcing (BPO) sector is in trouble. Financial results of the last quarter show that profits have dropped by up to 50 percent. Numbers from the top players paint a dismal picture. Firstsource Solutions reported a 39.7 percent year-on-year decline in profit. Hinduja Global Solutions posted a flat growth in profit. According to the Monster Employment Index released recently, the BPO/ITeS sector was among the most sluggish. Index for the sector dipped 4 percent in April compared to the same month last year. BPO employees are used to extra benefits, perks and foreign travels, which have drastically come down, says Ronesh Puri, managing director of Executive Access. HR is going to have a tough time in the BPO industry. Source : 27-05-12   Financial Express   Compiled by Amresh Anjan Job Prospects Bright In Animation, Hospitality Animation, hospitality and travel and tourism hold lucrative employment opportunities for youngsters. According to a joint report by the Federation of Indian Chambers of Commerce and Industry and KPMG, the animation and VFX industry has witnessed an overall growth of 13.6 percent over 2008 and is expected to grow at a compound annual growth rate of 18.7 percent. This sector will need a highly skilled and trained workforce that combines technical and artistic capabilities. The Indian hospitality industry too offers substantial job prospects. Graduates from catering institutes can apply for positions in food and beverage or front office, apart from housekeeping, engineering or finance. The travel and tourism sector, too, offers a host of options. It is expected that the number of jobs in the industry will grow to seven million over the next decade. Source : 25-05-12   Hindustan Times   Compiled by Amresh Anjan Jyothy Laboratories Appoints CEO For Henkel To Make It Profitable Jyothy Laboratories would appoint ex-Hindustan Unilever official S. Raghunandan to head Henkel India. Prior to joining JLL, this former Hindustan Unilever senior official had served as the managing director of Reckitt Benkiser India. He had also worked at senior levels with FMCG companies such as Paras Pharmaceuticals and Dabur India. Source : 23-05-12   Financial Chronicle   Compiled by Amresh Anjan HP To Cut 27,000 Jobs To Save Up To $3.5 Billion Annually Hewlett-Packard Co. is cutting 27,000 jobs in an effort to recover from management missteps that hobbled the Silicon Valley pioneer as its rivals raced ahead with more innovative products and services. The cuts come eight months after HP hired Meg Whitman as CEO to turn the company around. The company expects to save $3 billion to $3.5 billion annually from the job cuts and other austerity measures. Source : 25-05-12   NDTVprofit.com   Compiled by Amresh Anjan Larsen And Toubro To Scale Down Hiring - Mr Naik Construction and engineering company Larsen and Toubro Ltd which hired around 5,000 people in 2011-12, will go slow on hiring in the current financial year on account of cost optimization. Mr. AM Naik CMD of L&T told that "We will not be hiring 5,000 people as we are right now on a cost optimisation drive. In certain areas like infrastructure and others, we are growing. There, we will add 2,000 to 3,000 people."In the last financial year, wage hikes and increase in manpower pushed up L&T's staff costs by 29% to INR 3,664 crore from INR 2,830 crore the year before.The company will give greater focus to its international operations and step up hiring abroad, especially in West Asia, in 2012-13. Source : 25-05-12   steelguru   Compiled by Amresh Anjan IT, ITES and Retail Companies Hiring Temporary Staffers According to a latest update, numerous companies across the information technology (IT), IT-enabled services and retail sectors are hiring more temporary staffers. Moreover, companies are cutting the number of permanent employees on their rolls and even for temporary hires, companies are going for multiple rounds of interviews, psychometric and other assessments tests. According to a senior vice president of a renowned staffing firm, they adding 7,000 temporary employees a month, but are down by 35 per cent permanent staffers in the past few months compared with the same period last year. Source : 25-05-12   Itvoir.com   Compiled by Amresh Anjan Indusind Bank Appoints New Additional Director IndusInd Bank has announced the appointment of Mr R.S. Sharma as 'Additional Director' in the board of the bank.He was the former Chairman and Managing Director of Oil and Natural Gas Corporation Ltd (ONGC).Mr Sharma is a Fellow Member of the Institute of Cost & Works Accountants of India and an Associate Member of the Indian Institute of Bankers. Source : 23-05-12   Hindu Business Line   Compiled by Amresh Anjan

www.amreshanjan.co.cc