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8% DA increase for central staff on cards |
| In the crucial year before 2014 polls, around 50 lakh central government employees and 30 lakh pensioners are expected to get 8% dearness allowance (DA),the highest in the last couple of years. The Union Cabinet on Tuesday is expected to take a call to increase the allowance to be effective from January 1, 2013.The increase in the allowance is expected to cost the government around Rs.5,200 crore and it would mean that dearness allowance would be 80% of the basic pay. Any change in the allowance is linked with consumer price index and is done once every six months. The last increase in dearness allowance in September 2012 was 7% preceded by a 6% increase. The proposal has wider ramifications as the state governments normally adopt the Central increase in dearness allowance for its employees. As per the practice, the DA is merged with basic pay when it reaches the 50% cap. This helps employees get higher allowances as those are paid as a proportion of the basic pay. |
| Source : 01-04-13 Livemint.com Compiled by Amresh Anjan |
| Kerala worried as expats may lose jobs to Saudi labour law |
| Kerala is worried. Not over issues at home but a policy drafted thousands of kilometres away in Saudi Arabia. The labour policy, known as Nitaqat, mandates that 5 to 25 per cent staff of a private company, with minimum 49 employees, must be Saudis. And the deadline to implement it expired on Wednesday. This has caused concern in Kerala which has seven lakh expatriates in the Gulf kingdom and whose remittances are a lifeline for its economy, though Dr. S Irudaya Rajan, an expert on international migration studies, assures there is no need to panic. "The move for Saudization began a decade back. Now, they have decided to strictly implement it, apart from cracking the whip on illegal migrants. No country can tolerate illegal migrants. I do not expect a mass exodus from Saudi as is being feared by the politicians and media in Kerala," Mr. Rajan said |
| Source : 30-03-13 Indianexpress.com Compiled by Amresh Anjan |
| Security and infra management are hot jobs within IT sector |
| Information Technology companies might have slowed down hiring while deferring joining dates of freshers, but niche jobs in the sector are active and upbeat. While traditional jobs in software development or programming are hard to come by, jobs in IT security or infrastructure management services are growing providing new career channels to freshers. Rough estimates suggest that in any IT firm, about 5-10% of their staff would be doing work related to IT security, while an almost similar percent of employees are undertaking infrastructure management services. Experts say being niche, the starting salaries offered in these segments are often about 15-30% higher than traditional IT roles. |
| Source : 30-03-13 Dnaindia.com Compiled by Amresh Anjan |
| IT can create 30 million jobs by 2030: Says Dr. Killi Kruparani |
| The Indian IT & ITeS sector has the potential to create over 30 million jobs by 2030, Union minister of state for communications & IT Dr. Killi Kruparani has said. Currently, the sector provides direct employment to about 2.8 million and indirect employment to about 8.9 million. This is expected to grow to more than 14 million by 2015 and to about 30 million by 2030. Speaking at a national seminar on 'Trends and Demands in IT and ITeS,' organized by trade body Fapcci here on Friday, the minister said, "The national policy on IT envisages increasing IT industry revenues through exports as well as the domestic market from $100 billion to $300 billion by 2020." She added that the vision of the policy was to strengthen and enhance India's position as a global IT hub and to use IT and cyberspace as an engine for rapid, inclusive and substantial growth in the national economy. |
| Source : 30-03-13 Newindianexpress.com Compiled by Amresh Anjan |
| India Inc sees jobs generation boost, unfazed by uncertainty: Business Outlook Survey |
| Unperturbed by global economic and political uncertainty, India Inc continues to believe in the India story as there is an expectation among a significant number of firms for improvement in employment opportunities in the fourth quarter of this fiscal. Despite the sluggish economy, the Business Outlook Survey by industry chamber Confederation of Indian Industry (CII) for January-March 2013 revealed that 51% of the firms expect no change in their employment levels while 22.4% expect it to decline. More than 30% of the firms saw a fall in their staff levels in October-December 2012. "However, expectations have improved as 23.5% foresee an increase in their employment levels in the fourth quarter compared with 11.7 % in the third quarter," CII said. The report showed that in the third quarter of 2012-13, 58.3% of the respondent firms kept their staff levels unchanged as opposed to 30.1%, which saw a fall in their employment levels. However, high levels of corruption, persisting inflation, threat to continuation of reform process, escalated interest rates and political uncertainty remain the major concerns. |
| Source : 29-03-12 Financialexpress.com Compiled by Amresh Anjan |
| New US healthcare insurance bill to open up jobs for India |
| The new US healthcare insurance bill, which would extend insurance cover to 32 million Americans, is expected to open up projects for Indian IT service providers, besides creating several job opportunities. Speaking to Express, Mr. Harshith Ramesh, president of Episource, a healthcare knowledge process outsourcing firm headquartered in La Palma (California) with delivery centres in Chennai and Mumbai, said that the implementation of the bill, ObamaCare, would result in United States spending $2.5 trillion. As a result, to cut costs, the maintenance and care of health records would be transferred to Indian outsourcing firms. This includes proper collection and management and use of information within healthcare systems, which would determine effectiveness in detecting health problems, defining priorities, identifying innovative solutions and allocating resources to improve health outcomes, said Mr. Ramesh. Interestingly, Episource, which has been growing at more than 100 per cent per year for last three years is looking to hire around 2,000 people before October next year, when the bill will be implemented. |
| Source : 25-03-13 Newindianexpress.com Compiled by Amresh Anjan |
| IIM-B students bag leadership jobs in India Inc |
| The Indian Institute of Management Bangalore (IIM-B) has become a trend setter once again with its flagship postgraduate programme students accepting leadership job offers from top ranking Indian companies. Prof Sankarshan Basu, Chairperson, Career Development Services, IIM-B said, "Some leading Indian firms have chosen IIM-B students who can be groomed for the strategic leadership roles. These firms were earlier recruiting candidates from foreign universities for the same posts. It is a new and interesting trend.'"It is not associated with recession. Only a few companies offered placements last year. But this year, there is a 95 per cent increase in the participation of the Indian companies," Prof Basu pointed out. |
| Source : 14-03-13 Newindianexpress.com Compiled by Amresh Anjan |
| Job opportunities to increase in next 3 months |
| Job opportunities are expected to increase in the next three months, according to a study by MyHiringClub.com. It added that a significant amount of domestic companies are planning to expand their workforce in the forthcoming financial year. "Current hiring sentiment is better than Q1 and Q4 of FY13. Job creation in India continues amid talks of layoffs and employee rationalisation," said Mr. Rajesh Kumar, CEO, MyHiringClub.com. According to its survey, while on a quarter-on-quarter basis, the hiring outlook has improved by one percentage point, it has picked up by 12 percentage points when compared with the first quarter of 2012-13. |
| Source : 25-03-13 Newindianexpress.com Compiled by Amresh Anjan |
| AirAsia gears up for hiring in India |
| Air Asia has started the recruiting process for its India operations, set to start later this year. The airline has announcements on its website about upcoming walk-in interviews for cabin crew. AirAsia spokesman Mr. Aziz Laikar said the airline was still in the "midst of finalising the plan" for hiring pilots and other employees. He said the details would be revealed as soon as the hiring plan was decided. AirAsia Group CEO Mr. Tony Fernandes recently said the new airline would be based in Chennai. In the initial phase, it would concentrate on destinations in south India, and on providing connectivity to small towns. The airline would start with three-four planes and stick with the 180-seater A320s. He had tweeted in March that the company had selected a CEO for the Indian operations. |
| Source : 28-03-13 Business-standard.com Compiled by Amresh Anjan |
| TCS behind only IBM in employee strength |
| Tata Consultancy Services Ltd, India's largest software firm, has overtaken Accenture Plc to become the world's second biggest IT services employer, with nearly 264,000 people on its payroll, but with revenue that is less than half of the Dublin-based technology and consulting firm. International Business Machines Corp. (IBM), which does not disclose the number of employees by businesses that include computer hardware and software licences, employs nearly 300,000 people in its services division, at least two executives confirmed on condition of anonymity. Accenture, which announced its second-quarter earnings on 28 March, said it had about 261,000 staff worldwide. However, Accenture and IBM are way ahead of TCS on another important parameter—revenue productivity. For instance, while TCS's revenue per employee is around $46,000, it's $197,000 for IBM and about $107,000 for Accenture. This is because while Accenture sells more high-end consulting services as part of its offerings, IBM earns more by bundling different hardware and software solutions as part of large deals. |
| Source : 31-03-13 Livemint.com Compiled by Amresh Anjan |
| HR no longer to remain just a hiring department |
| The role of the human resources (HR) department is changing. It ceases to be the yesteryear's communication department between management and employees and it is no more just a hiring or recruiting department. Now HR managers are required to play a more active role. Ms. Rachna Singh, principal consultant, Transcendix, spoke on 'HR 2020' organised by the BL Club and sponsored by Syndicate Bank for the students of RJS Institute of Management Studies. She said the HR department would provide human capital advisory services in future. "The future HR department will be an advisory body and it will advise an organisation what kind of work should be done. Hence, you need to be a change management champion. You need to constantly innovate, and constantly improve the systems at your department. It is also important to constantly reward the right behaviour and constantly build the right culture in an organisation," Ms. Singh said. |
| Source : 29-03-13 Thehindubusinessline.com Compiled by Amresh Anjan |
| Women bag heavier purses at IIM-K placements |
| Seems like women really impress as managers! The companies that attended the final and lateral placements process for the 15th batch of PG programme offered by the Indian Institute of Management Kozhikode (IIM-K) took in more women students at a higher average annual salary slot than the male students. The pay packet given to the women is Rs.13.17 lakh per annum while that of the men is Rs.11.82 lakh, a release from the institute says. IIM-K also has more female students than male, its ratio of female to male students being 16:9, which is much higher than the other IIMs in the country. |
| Source : 29-03-13 Thehindu.com Compiled by Amresh Anjan |
| Jet Airways to hire 100 more expat pilots |
| Jet Airways has approached several hiring firms in a bid to hire around 100 foreign pilots for its wide body Boeing fleet, according to sources. Interestingly, Jet's plan to hire foreign pilots comes at a time when the regulator DGCA's deadline for phasing out all expat pilots is nine months away."Jet is planning to hire up to 100 foreign pilots. The airline requires these pilots for the wide-body Boeing 777s," sources familiar with the development added. The airline, however, did not respond to the text message on the issue. Also, the airline during the post Q2 earnings, analyst's con-call last November, had said it was aiming to reduce the number of expat pilots by almost half by the end of this fiscal. "By March 2013, we will reduce the number of expat pilots to 59 from 107. As of March end 2012, we had 207 expat pilots," Jet senior vice-president for commercial finance investor relations, Mr.KG Vishwanath had told the analysts. |
| Source : 29-03-13 Businesstoday.intoday.in Compiled by Amresh Anjan |
| Aspirations outweigh opportunities at Delhi Employment Exchange |
| The directorate of employment gets applications from over one lakh jobseekers every year. But on an average, less than 2 per cent have got placements in the past five years. Over 1.38 lakh job-seekers had registered with the directorate for employment in government or private sector last year. However, only 1,349 of them were finally placed. The year before last was worse. Only 175 got placements of the total 1.64 lakh who registered in 2011. According to government records, 46 joined as apprentice in NDMC while others who were employed included two water carriers, two nursing assistants, two pharmacists and a deputy general manager in a private company. |
| Source : 02-04-13 Indiatoday.intoday.in Compiled by Amresh Anjan |
| Salary cuts on Air India radar |
| The civil aviation ministry is considering measures such as salary cuts and more economy class seats to trim Air India's operating cost and improve its financial health. Ministry sources said there could be a 15 per cent cut in the salaries of employees under licensed category in the new fiscal. Pilots, engineers and cabin crew fall under the licensed category of employees. An Air India captain gets anywhere between Rs 5.95 lakh and Rs 8.72 lakh per month, besides allowances. According to ministry officials, the new salary structure does not include productivity-linked incentives. The national carrier plans to save around Rs 260 crore annually through salary cuts alone. Officials said under the new norms, flying allowance paid to pilots would not be fixed but based on the number of flying hours. However, the airline runs the risk of losing more pilots and engineers if the cuts are implemented. A five-member committee, set up in January and headed by IIM-Ahmedabad's professor Mr. Ravindra H. Dholakia, has made around 46 recommendations, many of which are likely to be implemented. |
| Source : 02-04-13 Telegraphindia.com Compiled by Amresh Anjan |
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