|
Naukrigulf.com Hiring Outlook Survey Indicates Improved Business Confidence But Low Salary Hikes In 2013 |
| Most recruiters in the GCC region are adopting a cautious stance amid the global economic crunch. A survey conducted by Naukrigulf.com with 400+ employers revealed a minor improvement in hiring sentiment when compared to Jul-2012 but is still lower than what it was in the beginning of 2012. 68% recruiters said that new jobs will be created in 2013 as compared to 64% stating the same in Jul-12. Among the recruiters predicting a positive sentiment, 48% said that jobs will be for the 4-8 years exp bracket and about 40% said jobs will be for the 1-3 years experience levels. |
| Source : 10-02-13 Naukrigulf Compiled by Amresh Anjan |
| Top 20 Firms Allot Rs 5,500 Crore Shares To Staff |
| With the stock market its regaining health, blue chip companies have awarded crores of shares to their employees so far this fiscal. As the prices of their companies' shares rose, employees have been exercising their stock options. Twenty of the country's largest blue-chip firms together allotted shares worth nearly Rs 5,500 crore to their staff. Many more such employee stock options (ESOPs) are in the offing. HDFC Bank, ITC, Larsen & Toubro, Kotak Mahindra Bank and Wipro were among the companies to award the options. HDFC Bank has allotted 2.55 crore shares worth more than Rs 1,680 crore to employees and ITC has allotted 3.78 crore shares. Equity shares worth thousands of crores might be further allotted in the remaining year. ESOPs give employees the right to purchase a certain number of shares in the company at a predetermined price. |
| Source : 24-02-13 Financial Chronicle Compiled by Amresh Anjan |
| Daimler To Hire 800 In India For Boosting R&D |
| Automotive major Daimler said that it plans to hire 800 professionals in India to boost the Mercedes-Benz research and development (R&D) team in this country to 2,000 headcount by the year 2015.Mercedes-Benz Research and Development India (MBRDI) currently has a headcount of 1,200 in India — 1,060 and 140 in Pune. MBRDI is engaged in digital (virtual) vehicle component development (computer aided design, computer aided engineering and electrical and electronics) and IT. "We will grow the number to about 2,000 (from 1,200 now) by 2015", Thomas Weber, member of the Board of Management, Daimler AG and Head of Group Research, Mercedes-Benz Cars Development, said here.Daimler AG is one of the world's most successful automotive companies and its divisions include Mercedes-Benz cars, Daimler trucks, Mercedes-Benz vans and Daimler buses. |
| Source : 24-02-13 Hindu Business Line Compiled by Amresh Anjan |
| CFO's In India Optimistic About Economy, Worried Over Inflation: Deloitte |
| A majority of senior finance executives are optimistic about the Indian economy, but consider inflation and political direction of reforms as key areas of concern, says a Deloitte survey.CFOs in the country are cautiously optimistic about the future and are neutral about their companies' performance in the short term, said the Deloitte India CFO Survey 2013.Around 62 per cent of the CFOs expressed optimism about the future state of the Indian economy over longer term and 49 per cent of the respondents consider inflation, political direction towards economic reforms and increased commodity prices as key concerns.On their companies' short term outlook, 34 per cent of the respondents said their organisations will perform better over the next quarter, 12 per cent were apprehensive of poor performance, while the rest expect no significant change. |
| Source : 21-02-13 Hindu Business Line Compiled by Amresh Anjan |
| Volvo Cars to cut 1,000 jobs |
| Volvo Car Company announced that it will lay off 1,000 employees by the end of this year to help implement its saving plan of 1.5 billion Swedish kronor ($238 million). We have to adapt the company to the reality. We have done it with our workshops and now we have to do it with our offices," says Hakan Samuelsson, CEO and president of Volvo Car. In the summer of 2012 Volvo Car let go about 800 employees working in the factories and in November last year the company was working on a comprehensive cost saving package plan, in which further job reduction was included as development of new models slowed down. |
| Source : 21-02-13 Deccan Herald Compiled by Amresh Anjan |
| Indian Railways To Go High On Hiring In 2013 |
| The Indian Railways, reported to be one of the largest organisational employer in the world, is to recruit 152,000 employees this year. It already employs 1.4 million people.The stated number of new hires is for posts already advertised. Minister Pawan Kumar Bansal said as many as 22 million applications were received for 152,000 posts, "a measure of the popularity of railways as an employer".The move, though expected to be applauded politically, raises a series of questions on the financial liabilities of the already stressed organisation. A significant increase in employee strength would not only mean higher expense; the government would also have to justify their productivity. |
| Source : 27-02-13 Business Standard Compiled by Amresh Anjan |
| Auto Makers Taking Local Talent On Board |
| Management at Indian auto companies is being transferred from the hands of expats to locals as manufacturers make every effort to boost sales. At Ford India, veteran Joginder Singh took over as president and managing director of Indian operations in December. Vinay Piparsania has taken over as the new head of marketing, sales and service. He was part of the company's founding team 15 years ago. Both Indians replaced Australians at the top. VG Ramakrishnan, managing director at Frost & Sullivan, South Asia, says the Indian auto industry is undergoing a significant leadership change. Expats are needed when the company is in the investment phases, for setting up processes and strategy. Once that is done, the Indian management takes over and plans the next product cycle, he says. In time, local managers take over the baton to best exploit the domestic market. |
| Source : 21-02-13 Financial Express Compiled by Amresh Anjan |
| SAP Names India MD |
| SAP AG announced the appointment of Suprakash Chaudhuri as Managing Director, SAP (India & Subcontinent).He will be responsible for all market-facing activities across the field organisation, overseeing customer operations as well as general management like sales, consulting, partner ecosystem expansion and marketing, the company said in a statement. |
| Source : 20-02-13 Hindu Business Line Compiled by Amresh Anjan |
| Mr. T. S Vijayan Takes Over As IRDA Chief |
| Former LIC chief T. S. Vijayan, took over as the Chairman of the Insurance Regulatory and Development Authority (IRDA).Mr. Vijayan succeeds J. Hari Narayan who completed his five-year term. IRDA chairperson's tenure is for five years or till the age of 65 years. Mr. Vijayan assumes office at a time when the insurance industry is facing a slowdown. He faces the task of taking insurance to rural markets. Simplification of insurance products will be another challenge for him. |
| Source : 22-02-13 The Hindu Compiled by Amresh Anjan |
| Wipro Names New CMO |
| Wipro Technologies has appointed Puneet Chandra as Chief Marketing Officer for the IT business. Mr. Chandra replaces Suchira Iyer, who quit earlier this month to pursue other interests. Mr. Chandra will report to Shaji Farooq, Senior Vice-President, Advanced Technologies, Global Alliances and Go-to-Market Transformation of Wipro, according to a company statement. Mr. Farooq, who joined from Infosys in September last year, will continue to head the marketing function at Wipro and will be reporting to CEO of the IT business, T.K.Kurien, according to company officials. |
| Source : 20-02-13 Hindu Business Line Compiled by Amresh Anjan |
| Salary Increases Poised To Be Smaller For Bosses This Year |
| In the last six years, top management increases have fallen by almost 40%," said Sandeep Chaudhary, partner, talent and rewards, Aon Hewitt India, a consultancy firm. "This year we have estimated a 9.3% hike in top-level salaries against 15% in 2007." However, at other levels, companies are expected to dole out around 10.3% increase in pay cheques against 11% last year, the decade's lowest hike. Most other global management consultancies also echoed a similar sentiment. |
| Source : 25-02-13 Hindustan Times Compiled by Amresh Anjan |
| J. P Morgan To Cut 4000 Jobs In 2013 |
| JPMorgan Chase & Co plans to cut 3,000 to 4,000 jobs in its consumer bank in 2013, representing about 1.5 percent of the company's overall workforce, as the bank tries to improve the profitability of its branches. The cuts will come mainly through attrition, spokeswoman Kristin Lemkau said. The bank's branches have 63,500 employees, representing about a quarter of JPMorgan Chase's total employees. JPMorgan is one of the few big US banks that is still adding branches to its network, but to boost profit it plans to scale back the tellers it has on hand for routine transactions and to add some salespeople for products and services like wealth management that can boost revenue. |
| Source : 27-02-13 Indian Express Compiled by Amresh Anjan |
| Brokerages Avoiding Lateral Hires Amid Crunch |
| Brokerage firms are hiring fewer B-school candidates with experience. HR executives of major brokerage houses say demand for professionals has fallen because firms are cutting costs and holding expansion plans. Dhruv Desai, senior vice-president and head, HR and leadership academy, Angel Broking, said the year ahead was going to be a tough one for lateral hires, especially those with an experience of more than five years. Brokerage firms have been trying to stay afloat by trimming employee costs. Demand for candidates has fallen 25 percent to 30 percent this year, consultants said. Mumbai-based KJ Somaiya Institute of Management Studies & Research has seen a marked drop in lateral hiring by brokerage firms. Narsee Monjee Institute of Management Studies expects hiring to be muted. About five brokerage firms have visited the campus this year. |
| Source : 21-02-13 Business Standard Compiled by Amresh Anjan |
| Godrej, Infosys, Mahindra Debut At IRMA Placement |
| The Institute of Rural Management, Anand (IRMA), saw some big industrial names participate in this year's placement season. Godrej Agrovet, Infosys Agri Business, Mahindra Agri Business and the organic cotton project of Arvind visited the campus for the first time. Apart from industry, state rural livelihood programmes from Maharashtra and Orissa also made their maiden appearance at IRMA. Among the major recruiters were Gujarat Co-operative Milk Marketing Federation (GCMMF), Bihar Rural Livelihoods Promotion Society (BRLPS), Kudumbashree State Poverty Eradication Mission, Kerala, Yes Bank, Magma Fincorp and Kancor Ingredients. GCMMF picked up 17 candidates, the highest so far, followed by BRLPS which recruited 11 candidates. The rural development agencies of the governments of Bihar, Kerala, Andhra Pradesh and Maharashtra recruited almost 30 percent of the batch. IRMA placed 100 percent of its candidates. The highest salary offered was Rs 13.5 lakh per annum. |
| Source : 21-02-13 Business Standard Compiled by Amresh Anjan |
No comments:
Post a Comment