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Indian Job Space Looks Bullish- Antal Global Snapshot Survey Job prospects for professionals and managers seem bright in the country as around 55 per cent of firms have recruited staff in the June quarter and a similar percentage of people are looking to do so in future as well, says a survey.According to the findings of the 12th Antal Global Snapshot, hiring levels across the globe witnessed a slowdown in the June quarter, while the Indian job space looks bullish.This survey indicates that the Indian job market has remained stable this quarter with both hiring and firing rates staying more or less the same during the last three months.The survey states that 55 per cent of Indian companies have recruited staff at the moment, while 56 per cent are looking to do so in the near future. Source : 06-08-12 Hindu Business Line Compiled by Amresh Anjan Diversity Quotient In Boardrooms Improves A Credit Suisse research report said the number of women in Indian boardrooms increased 16 percent, from 30.4 percent in 2005 to 46.5 percent in 2011. In 2011, 80 percent companies in Thailand had at least one woman director. This was followed by China at 50 percent and India at 46.5 percent. Almost all firms in New Zealand had women in their boardrooms. Women were present on the boards of 88.2 percent Australian firms and 51.6 percent in Hong Kong. The survey further showed that in the past six years, companies with women on their board outperformed those with no woman director with regard to share prices. According to Credit Suisse, the performance could be attributed to better perceptions such as being regarded ` `a better company, greater diversity and access to a wider talent pool. Source : 03-08-12 Financial Express Compiled by Amresh Anjan Google Preferred Employer Among Asian Graduates Google has been named the "most ideal employer" in Asia at the 2012 Employer Branding Awards held in Singapore. The award was given by Universum, a global employer branding research firm, which polled 37,800 business and engineering students in Asia. Google received the largest number of votes from both categories of students. The other companies that came out on top in terms of employer branding were Sony and Toyota. High future earnings were regarded as one of the most attractive features of a job by business students in India, China and Singapore. Indian students, on the other hand, considered employer reputation when picking up a job. Understanding student preferences and expectations is crucial to winning the talent war in Asia, said Rachele Ferri, senior vice president of talent strategy and employer branding, APAC and global brand adviser, Universum. Source : 03-08-12 Hindu Business Line Compiled by Amresh Anjan IT Eyes A Different Talent Pool As Wage Bills Rise With wage bills going through the roof, industry body NASSCOM has started looking for alternative sources of talent. Taking the unconventional route, it is tapping the visually challenged for some BPO jobs and rural graduates in positions which do not need excellent communication skills. The industry is doing away with traditional models of recruitment, says Santanu Paul, managing director and CEO of TalentSprint. The slowdown has put pressure on revenues and the current model is not feasible. Around 60 percent to 70 percent of graduates in the country come from unconventional backgrounds, but are very talented. NASSCOM will start a dialogue with the top IT and ITeS companies to develop and manage this different talent pool. It has set up the HR Forum to collaborate with TalentSprint, a skill development firm. Source : 03-08-12 Hindu Business Line Compiled by Amresh Anjan Lay Down Expectations To Make Remote Working Work While working from a remote location is an effective way to cut costs, ensuring its success remain a challenge for companies. It is important to make sure employees know what is expected of them. Cisco offers remote working as long as the employees are able to deliver results. Work schedules are drawn up within teams working remotely, says Seema Nair, head, HR operations, Cisco India. The company also has a comprehensive portfolio of solutions to help extend the office network enabling a telecommuter to work from another location. HR consulting firm PeopleSys has harnessed the power of the cloud. Its entire customer relationship and sales management runs on the technology. Ultimately, the success of the relationship depends on the maturity of employees and the trust between the employer and the employee, says Yashwant Mahadik, vice-president and head, HR, Philips India. Source : 04-08-12 Business Standard Compiled by Amresh Anjan Cisco Restructuring To Cost 600 Jobs In India Cisco Systems is laying off 600 of its employees in India as part of a restructuring plan. The cuts include 200 employees from its recently acquired video software and content security solutions company NDS. The company had recently announced 1,300 cuts globally due to a slowdown in its enterprise business and integration issues arising out of acquisitions. Cisco has four R&D centres and six sales offices in India. It acquired NDS in March, with a headcount of 1,600. Apart from NDS, engineers working in R&D, switching and the data centre as well as some sales professionals will be laid off too. A Cisco spokesperson said the company was performing a focused set of limited restructurings that will affect about 2 percent of its global employee population. CEO John Chambers had earlier pointed out weakness in its India operations. Source : 03-08-12 Hindu Business Line Compiled by Amresh Anjan U.S. Employment Gains Fail To Make An Impact The U.S. job market recovered slightly with the surprise addition of 163,000 jobs in July. The jobless rate rose marginally to 8.3 percent. Job creation of late is matching population growth but there has only been a slight decrease in unemployment. Friday's jobs report painted a mixed picture. Job gains in May were revised upward a bit, but those in June were revised downward. The gains of last month may have included some distortions relating to the time of year which were not adjusted. Total employment declined by 1.2 million. As per a separate household survey, the number of employed fell 195,000 and the number of unemployed increased 45,000. The labour force shrank by 150,000. As per the survey, employment is up by 2.8 million, while the civilian labour force has increased 1.7 million. Source : 02-08-12 Business Standard Compiled by Amresh Anjan Employment, Growth Optimism Highest Among Indians Indians are the most optimistic in the Asia Pacific, Middle East and Africa region where employment, economic growth and the quality of life are concerned. The MasterCard worldwide index of consumer confidence (MWICC) stood at 82.1 for India compared with 57.2 for the Asia Pacific region. China was ranked second after India, with its MWICC index at 77.4. A reading of 100 shows maximum optimism and 0 signifies maximum pessimism. The index indicates that people are hopeful that markets will either do well or remain stable in the coming months, according to TV Seshadri, division president (South Asia), MasterCard Worldwide. India scored better than other regional peers on employment as well. The index was at 78.3 compared with 54 for the region. Seshadri attributed the score to the huge young population of India, which expects its quality of life to get better. Source : 02-08-12 Mint Compiled by Amresh Anjan IBM Eyes Small Cities, Banks On Local Talent IBM is looking to tap local talent as it expands operations beyond the big cities. It has set up half a dozen centres in smaller cities and is planning to reach nearly 40 locations in the next year. Over the past one year, it has set up branches in Indore, Guwahati, Dehradun, Raipur, Coimbatore and Kochi. Next on the cards are Madurai and Tiruchi. Substantial markets exist beyond the big cities, according to Girish Vasudevan, branch manager, Chennai, IBM India/South Asia. Access to that potential is difficult when operating from a big city. The need for local appeal has prompted IBM to enter smaller cities and local talent therefore holds the key, says Mr. Vasudevan. The goal is to address small and medium businesses. IBM is mulling services such as infrastructure (server), system management software or a basic analytics package. Source : 03-08-12 Hindu Business Line Compiled by Amresh Anjan It Is Time BPOs Moved Out Of IT's Shadow The business process outsourcing (BPO) industry is in the middle of an identity crisis. It employs nearly 8.6 lakh people and has made a successful shift from being just a call centre industry to doing some high-end analytics work. Yet, it has been unable to shed the perception that it is highly oriented towards night shifts and is meant only for party goers. Keshav Murugesh, CEO, WNS Group, says BPOs offer a huge opportunity and should be presented as a career choice for youngsters. WNS employs nearly 25,000 people across 10 countries. The sector has never come out of the shadow of the IT sector, despite exports growing by more than 12 percent over the previous year to reach $16 billion in FY12. India should take pride in its BPO sector, the way the Philippines does. Source : 02-08-12 Hindu Business Line Compiled by Amresh Anjan HSBC India Names Shantanu Ambedkar As MD And Head Of Pvt Banking HSBC India said it has appointed Shantanu Ambedkar as the managing director and head of its private banking business in the country. His appointment is effective July 28, 2012. Mr. Ambedkar joined the HSBC Group in 1994 and has experience across various businesses including corporate sales, interest rates trading, balance sheet management and institutional sales. Prior to this appointment he was managing director and head of institutional sales for the global markets business in India.He is a mechanical engineering graduate from Pune University and has done his masters in business administration from Mumbai University. Source : 02-08-12 Business Standard Compiled by Amresh Anjan Extending Expat Benefits Evenly Gets Tougher Providing expatriate benefits to the growing number of globally mobile employees is proving to be a challenge for companies. Between 2008-09 and 2011-12, the total assignee population rose from 21 percent to 40 percent, according to a Mercer report. About 85 percent of multinationals monitor the success of their expatriate benefit policy. Some 53 percent have seen international medical plan premium rise above 6 percent. According to the survey, provision of expatriate benefits remains a key priority for multinational companies. Only 12 percent of companies have established international retirement plans to ensure continuity of benefits. Some 63 percent of traditional and long-term expatriates are maintained in their home country retirement plans, adds Economic Times. However, employers often face problems maintaining assignees in the home country plan. Many employers thus seek alternative, more flexible solutions. Source : 01-08-12 Financial Express Compiled by Amresh Anjan UB Group Gives Hikes, Bonuses To Some While employees of Kingfisher Airlines have had to forgo pay for six months, a few employees of the UB Group have received annual increments and bonuses in July. The increments are said to be between 16 percent and 24 percent. Bonuses are believed to be as high as 30 percent. Regulations of Securities and Exchange Board of India might be coming the way of payments to some Kingfisher Airlines employees. As per the rules, funds earned by one company in a group cannot be distributed to other companies of the same group unless the company takes a loan from the profit-making company. A Kingfisher employee said while its parent company was paying bonus to some, the airline had not paid a number of its employees for six months. Source : 01-07-12 Hindu Business Line Compiled by Amresh Anjan Deutsche Bank Appoints India CEO Deutsche Bank has named Ravneet Gill CEO for India. Mr. Gill will also be a member of the bank's Asia Pacific executive committee. Source : 01-08-12 Financial Chronicle Compiled by Amresh Anjan Corporate India Plans To Hire Detectives The rising trend of hiring detectives can be judged by the sheer growth in the number of investigators that the country has right now. From around 500 investigators 10 years back, the number has swollen to 15,000 today, says Kunwar Vikram Singh, chairman of Lancers Network, a risk consulting corporation. And while detectives have helped the companies with information they need for their strategies and survival, this practice has not gone down well with the ethics brigade. The sectors that use these services the most are pharmaceutical and FMCG, adds Dinesh Pillai, chief executive officer, Mahindra SSG, since these sectors are such where a single product has the capacity to turn the company's fortunes around. Blockbuster brands and drugs are known to catapult obscure brands to stardom. Therefore, it becomes all the more important to protect information. Also, companies in these sectors are most prone to counterfeiting. Source : 01-08-12 NDTVprofit Compiled by Amresh Anjan Zengatv Ropes In Sony Entertainment Marketing Head As CEO Mobile television services provider ZengaTV today said it has appointed Mr Abhishek Joshi as its new Chief Executive Officer.Prior to this, Mr Joshi was handling the marketing function for Sony Entertainment Television at Sony Entertainment Network and brings with him more than 11 years of experience, ZengaTV said in a statement.One of Mr Joshi's key responsibilities will be to identify and develop new revenue channels for the ZengaTV platform and reach out to a diverse set of advertisers, it added.ZengaTV already has 65 million video views month-on-month across different channels and has more than 100 TV channels and more than 10,000 movies available on its platform. Source : 30-07-12 Hindu Business Line Compiled by Amresh Anjan |
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