HR Articles: Jul-12 (Part-7)

For more article, Visit at : www.amreshanjan.co.cc   Too Few Women In Asian Boardrooms: A Mckinsey Report A McKinsey report said leading Asian economies have fewer female members on their boards, which is hurting growth. Women hold 8 percent of executive committee seats in Asian firms, lower than the corresponding 10 percent in Europe and 14 percent in the U.S. Half of Asian graduates are female, and Asian companies can ill afford such a waste, the report titled "Women matter" said. Australia, Hong Kong and China were among those with reasonable woman representation at the board level, at 13 percent, 9 percent and 8 percent, respectively. South Korea, Japan and India were at the bottom of the list, with women accounting for 1 percent, 2 percent and 5 percent of the boardroom strength, respectively. The main reason for women quitting was the double burden of holding a job and running a household. Source : 28-06-12   Financial Chronicle   Compiled by Amresh Anjan Crompton Greaves Plan Staff Reduction Crompton Greaves is cutting back staff in its Belgium operations as it evaluates the viability of its various businesses. Some 260 of the 730 employees will be affected. The company is looking to right-size its workforce and cut down on administrative costs. It has begun discussions with the Belgian Works Council. Reductions are also imminent in private equity firm 3i as it seeks to turn around its performance and fix its reputation, adds Financial Express. The firm will cull 160 or more jobs, shrinking its headcount to less than two-thirds its size, and save annual operating costs exceeding £40 million. The cuts are a part of new CEO Simon Borrows' strategy to pacify shareholders, who have voiced concern over 3i's performance. Offices in Barcelona, Birmingham, Copenhagen, Hong Kong, Milan and Shanghai will be closed as part of the plan. Source : 29-06-12   Hindu Business Line   Compiled by Amresh Anjan Jaguar Land Rover, BMW On Recruitment Drive Jaguar Land Rover (JLR) is planning to create 4,500 manufacturing and engineering jobs in the U.K. over the next five years. The company, owned by Tata Motors, will generate 2,500 manufacturing jobs and 2,000 engineering jobs, executive director Mike Wright said. Wright was addressing a conference on India-U.K. Partnership focused on reviving economic growth. He said JLR was the largest employer in the U.K. in the automotive sector and needed a talent pool with global expertise to compete with Germany. BMW is also looking to hire thousands of permanent staff and cutting its temporary workforce by half, Business Standard reports. Car makers have used temporary and short-term contract workers in recent years to balance out swings in production and demand. With the latest move, the share of temporary workers will fall to 8 percent to 10 percent from 17 percent. Source : 29-06-12   Indianexpress   Compiled by Amresh Anjan Bloated Bench Strength Delays Hiring In IT IT companies are delaying hiring, pushing back joining dates or asking staff rendered redundant to quit. This has resulted in a record number of CVs doing the rounds of the job market, staffing companies say. Bench strengths have been increasing on a number of prominent campuses because projects from overseas clients have dried up. A number of companies were not even honouring offer letters issued almost a year ago. Infosys had almost 30,000 employees on the bench as of April. The company was reportedly delaying boarding new recruits. More people are uploading their CVs. About 17,668 employees of Tata Consultancy Services updated their CVs last month, compared to 31,770 CVs in the past three months. Cutting employee numbers helps firms to improve rates of utilisation. At MphasiS, the total headcount of 40,426 shrank to 37,179 by April. Source : 29-06-12   Financial Chronicle   Compiled by Amresh Anjan NSSO: Workers In Services Sector Are Paid Better According to a Government survey, workers in the services sector are better paid than those in trade and manufacturing in urban as well as in rural areas. A worker in the manufacturing sector in an urban area was getting an annual average salary of Rs 48,768, followed by trade (Rs 47,060), the 2010-11 National Sample Survey Organisation (NSSO) study of unincorporated non-agriculture enterprises said. At an all-India level, an urban worker employed in unincorporated enterprise was making Rs 51,603. The average annual emolument at the national level worked out to be Rs 47,020, both for urban and rural workers. The annual gross value addition by such enterprises during the year ended June 2011 was Rs 6.28 lakh crore, the survey said. The gross value addition per worker in rural areas was Rs 37,241 compared to Rs 78,527 in urban areas. Source : 27-06-12   Indian Express   Compiled by Amresh Anjan Capgemini Taps Talent Pool In Tier III Centres Capgemini is addressing talent shortage by setting up centres in tier III cities. The company has opened a centre in Salem with about 500 people, where it found good talent with good accounting background, said Aruna Jayanthi, CEO India. Attrition rates in the city have been zero. Following this success, it is looking to open a centre at Trichy, she added. It is mulling global delivery centres in smaller cities that will be hooked on to the bigger delivery centres. The Salem and Trichy centres will be used for Capgemini's BPO operations. Besides the availability of good talent, the move would help in bringing down costs. Besides, there is a 20 percent to 30 percent difference in salary payouts. Infrastructure costs are also lower, according to Hubert Giraud, Capgemini CEO. Source : 25-06-12   Hindu Business Line   Compiled by Amresh Anjan Rcom To Hire 6,000 For Sales, Marketing Roles Reliance Communications (RCom) will be hiring 6,000 sales and marketing persons across India. To hone the skills of potential candidates, RCom is also starting a training programme School of Employment (SOE) with the National Institute of Sales (NIS). It will be run by NIS and Reliance Human Resource Services. The programme is being rolled out with 300 candidates in pilot locations of Mumbai, Chennai, Bangalore, Ahmedabad and Kolkata from the first week of July. Rather than empowering individuals to make decisions for themselves, RCom is going ahead and telling people exactly what to do, said Rajan Dutta, president, corporate HR. Candidates who successfully complete the course and achieve the certification will be given the option of joining the business. The programme will be launched in tier II cities as well. Source : 29-06-12   Business Standard   Compiled by Amresh Anjan Perfetti Van Melle Picks India MD Ramesh Jayaraman will be the new Perfetti Van Melle India managing director. He succeeds Sameer Suneja, who is moving on to an international assignment as executive vice president. Mr Suneja, 40, will now be based in the Netherlands and take on a larger responsibility in the global operation of the company. He will report to the global CEO of Perfetti, Mr Ubaldo Traldi. In his 15-year stint with the company in various capacities, he has played a key role in the company's growth and has been heading the Indian business for the last four years. Source : 28-06-12   Hindu Business Line   Compiled by Amresh Anjan IT Wants Mandatory Test In Campus Placements This year onwards, recruiters in the IT industry want students to take the Assessment of Competence-Technology test conducted by NASSCOM. Companies such as Tata Consultancy Services, Cognizant, Wipro, Accenture and HCL are among those who have made the demand. S Viswanathan, HR country head, Wipro, said a test that will be an industry benchmark was being considered for some time now. Students will not be required to take separate tests in individual companies. The test has been put together by companies responsible for 90 percent of campus placements in the industry and will help sift the best students, said K Purushottaman, regional director, NASSCOM. Many colleges say they will not agree to the proposal but admit they have little choice as major recruiters want the test. Only companies such as IBM and Capgemini have not agreed to it. Source : 28-06-12   The Hindu   Compiled by Amresh Anjan Study: Family-Run Businesses Ceding Control A study by Indian School of Business (ISB) has concluded that family-run businesses are giving up control and are delegating decision-making. The study covered 300 family-run businesses, whose annual revenues varied from Rs 50 crore to Rs 300 crore. More than 70 percent of the Indian businesses were less than 40 years old. Family hierarchy is not the only criterion for assigning business responsibilities now, the study noted. Personal capabilities and skills are playing an important role. The younger generation was joining the family business and taking up leadership roles. However, there was a need to adopt professionalisation, according to K Ramachandran, professor at ISB and author of the study. More midsize businesses were looking for professionals from within the family. Other challenges faced by family businesses were leadership, succession planning, wealth management and managing family relationships. Source : 27-06-12   Financial Express   Compiled by Amresh Anjan MF Top Deck In Exit Mode As Pressure Increases The mutual fund industry is witnessing top-level exits, with four CEOs having left in the past four months. Daiwa Asset Management lost its chief Piyush Surana. Arindam Ghosh of Mirae Asset quit in April this year. While fund houses attribute the trend to personal reasons, observers impute it to declining profitability. Assets under management have been declining and schemes have been performing poorly, creating pressure for top management. There is increasing pressure on fund houses to lift performance, leading to a churn at the top, said E Balaji, CEO of Randstad India. The profitability of the bigger asset management companies such as HDFC Mutual Fund and Reliance Mutual Fund may have risen. However, smaller firms continue to face the challenge of rising operating cost, analysts said. Source : 27-06-12   Hindu Business Line   Compiled by Amresh Anjan Survey: Pay Matters More To Indians Than Ideal Job Indian executives are the least willing to take a pay cut for an ideal job. Executives around the world were willing to take a 28 percent pay cut for their ideal job, according to the findings of a survey by PricewaterhouseCoopers and London School of Economics. By contrast, Indian executives were fine with a 24 percent pay cut. The survey polled 1,106 senior executives across 43 countries, including 83 participants from India. A key conclusion that emerged was the complexity and ambiguity around incentive plans that often destroyed their perceived value. About half of the executives in India preferred a simple pay package to an ambiguous one. They also preferred deferred shares to cash, whereas a majority of global respondents opted for cash. Some 55 percent of Indian executives perceived their firm's long-term incentive plan as effective. Source : 28-06-12   Business Standard   Compiled by Amresh Anjan Aerospace Firms Chase Scarce Engineering Talent Aerospace companies the world over are scrambling for talent, particularly engineers. Demand is expected to increase to 20,000 aircraft in the next 20 years. The pool of talent however, is limited. Of 12,000 jobs available in the sector in Europe last year, only 9,000 were filled. Airbus is using Twitter accounts to talk to potential recruits and will hold an international recruitment day on June 30. Companies have to fight fiercely in the international market to get the best talent. When Boeing closes a factory putting engineers on the market, they are chased by competition, including Airbus and Bombardier, said Thierry Baril, vice president HR at Airbus. His company will hire 4,000 people this year. About 90 percent of these will be hired in Europe and the rest in India, the U.S., China and Russia. Source : 27-06-12   Financial Chronicle   Compiled by Amresh Anjan India-U.S Coalition To Boost Jobs & Growth The U.S. India Business Council (USIBC) has launched the Coalition for Jobs and Growth as part of the bilateral investment treaty (BIT) between the two countries. The coalition would leverage the collective strength of industry, academic experts and the Indian American community to make sure the BIT is completed and ratified. The BIT will engender greater cooperation and collaboration, protect and promote foreign investment and ultimately lead to economic growth and job creation in both countries. Such treaties provide protection from arbitrary, discriminatory or confiscatory foreign government measures. They create a welcoming environment for capital inflows and serve to strengthen investor confidence. India has entered into 70 such agreements, while the U.S. is party to more than 40 bilateral investment treaties around the world. Source : 29-06-12   Indian Express   Compiled by Amresh Anjan Talent Pool Makes Chennai Attractive To Start-Ups Companies are drawn to workplaces which boast a large pool of educated people, loyalty among employees and a culture of innovation. These are the very reasons why Chennai has attracted many technology start-ups, with an average of 10 start-ups coming up per day, according to K Thirugnanam, CEO, Ascenders Technologies. He was speaking at a NASSCOM event. The large number of technical educational institutions in Chennai gives the city an edge, said Som Mittal, NASSCOM president. It starting out as a centre for software services, but Chennai has now become a hub for product development. A key challenge in the city was difficulty in finding mid- to senior-level sales personnel. People were not willing to relocate from other cities to Chennai, Umesh Sachdev, co-founder and CEO of Uniphore Software Systems, pointed out. Source : 26-06-12   Hindu Business Line   Compiled by Amresh Anjan NASSCOM Says IT Fundamentals Remain Strong Industry body NASSCOM said it would monitor the performance of Indian IT over the next two quarters before revising any forecast. The fundamentals of the industry, however, are very strong, President Som Mittal said. Because of the economic slowdown, the industry would only create 160,000 to 180,000 jobs, compared to the 200,000 jobs created last year. In February, NASSCOM had said IT exports would grow 11 percent to 14 percent this fiscal. Revenues had crossed $100 billion last fiscal. According to McKinsey, the industry may grow nearly three times to reach $300 billion by 2020. Growth will ride on upgrading unique services and improving quality. Newer geographies such as Latin America would also be important for short-term opportunities. K Natarajan, NASSCOM vice-chairman, said IT could grow to nearly $500 billion in a few years. Source : 26-06-12   The Hindu   Compiled by Amresh Anjan

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