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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 |
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