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| | AirAsia starts hiring flight attendants for India operations |
| | In the first step to its ambitious plan to set up an Indian carrier, AirAsia India, the Indian arm of the AirAsia Group in partnership with the Tatas, announced on Wednesday that it would be hiring flight attendants through walk-in-interviews in Chennai on April 13. AirAsia's founder and Group chief executive Mr. Tony Fernandes had said in a conference call on February 21 that he was hopeful that the proposed airline will launch operations this year. Mr. Fernandes had said they would start with 3-4 Airbus A320 planes and would scale up capacity quickly. The airline would hire 300 people initially. The staff would include cockpit and cabin crew, engineers, ground staff. The CEO and the top management of the airline have already been picked up. "It takes around three months to train a cabin crew. AirAsia has 120 aircraft in its fleet and more than 350 planes on order. They can scale up capacity in India very quickly so they might hire around 150 attendants in one go but the numbers would swell as they add capacity," said an industry expert. The airline said "experienced flight attendants or fresh graduates" could apply, which is good news for hundreds of flight attendants belonging to Kingfisher Airlines who have either been out of work or are on the rolls of the airline but not paid for last eight months. The selected candidates would have to appear for a final interview on April 14. |
| | Source : 04-04-13 Hindustantimes.com Compiled by Amresh Anjan |
| | Fiat India gets new managing director |
| | Mr. Nagesh A Basavanhalli, who was heading Chrysler Technical Centre in Inda, has succeeded Mr. Enrico Atanasio as president and MD of Fiat group automobiles India. He will head operations of both Fiat and Chrysler in India. |
| | Source : 03-04-13 Hindustantimes.com Compiled by Amresh Anjan |
| | NSE'S new CEO is a perfectionist |
| | She loves Carnatic music. She plays the veena in her spare time. Her friends and colleagues know her as a perfectionist. Meet Ms. Chitra Ramkrishna, 49, the new managing director and CEO of NSE, the world's largest stock exchange in terms of trade volumes — and a quiet, self-effacing force in India's economic reforms. Sporting traditional saris and casual looks that stand in contrast to some of the storied women of high finance, Ms. Ramkrishna, who shuns the limelight, was part of the five member core team chosen by the government to set up the National Stock Exchange (NSE) in 1994. "Her desire for perfection in everything she does has led to the creation of world class institution (NSE)," said Mr. Nageswar Rao, MD and CEO, IDBI Federal Life Insurance, who worked with the new NSE chief when she was working at the IDBI. "She can bring clarity to any complex financial matter." However, for someone called a perfectionist she does not attract the tag of an autocrat. "At work, she accepts nothing less than the best," said a senior official at a stock market research company who has worked with her in the past." |
| | Source : 04-04-13 Hindustantimes.com Compiled by Amresh Anjan |
| | ICICI Bank shuts door on ex-employees |
| | A senior employee of a foreign financial services firm recently got a call from his former boss at ICICI Bank. The latter had got a new plum assignment within the bank and was building a team. Both hit it off instantly and decided to take their engagement to the next level. They knew the bank had a moratorium on former employees and since the former had already completed that, there should not be a problem in his return. That's when the human resource (HR) dropped the bomb. "There is a change in policy. We are not taking back former employees, at all."The new policy at the largest private-sector lender in the country, with a muster roll of over 58,000 employees (as of March 2012), would apply across the group; so, the old boys could not even join a sister concern, according to officials. Business Standard has also reviewed an internal communication that asked staff not to refer "ex-employees" for a managerial position. An ICICI Bank spokesperson did not offer any comment. HR experts say this is a contrarian strategy at a time when several companies are actively engaging with alumni, some even looking at them as unannounced brand ambassadors and potential customers — not to mention some banks' famous revolving door with the government in the US. Mr. Kris Lakshmikanth, founder & CEO, The Headhunters India, said: "Most companies take back old employees, unless there is a specific problem. In a knowledge industry like banking, where there is a talent crunch, I am not sure if one can afford to do this."The clampdown assumes significance as it comes ahead of new private banks' entry, which is likely to push demand for banking talent. The new HR policy could act as a potential deterrent for employees who might want to jump ship to the newer players, say some. |
| | Source : 30-03-13 Business-standard.com Compiled by Amresh Anjan |
| | iGate chief gets lowest bonus in three years |
| | For the first time in three years, Mr. Phaneesh Murthy, the chief executive of iGate, the Nasdaq-listed information technology services company, has seen a cut in his performance-related annual bonus amount. This is considered a sign of the difficulty for heads of IT companies to meet targets in a volatile environment. In a filing to the Securities and Exchange Commission, the US markets regulator, the company said Mr. Murthy was given $365,000 in performance-based annual cash bonus against the targeted $600,000 for the 2012 financial year (January to December). In 2010 and 2011, Mr. Murthy was paid $540,000 and $1,130,000 in annual bonus, respectively, against the targeted $500,000 each. The only top executive of iGate who got more than his target bonus amount in financial year 2012 was Mr. Sujit Sircar, the chief financial officer of the US-based company. He was given $135,093; the target bonus amount was $112,578.And, Mr. Sanjay Tugnait, who joined as an executive vice-president to drive sales in North America, as well as global alliances, since July 2012 was paid the entire targeted bonus amount. His target was $500,000, pro-rated to $255,476, based on the date he'd joined. In the financial year ending December 31, iGate posted a 37.8 per cent increase in revenue at $1.073 billion, slightly below the target of $1.08 bn. Among the offshore-centric IT services companies which follow the January-December accounting period, Cognizant has already said most of its top performers will be rewarded with close to their entire targeted bonus amount for 2012."In years where we beat our original growth guidance, we paid significantly above the target. For 2012, where we missed our original guidance, our bonus payout will again be a reflection of that performance," a company spokesperson from Cognizant told Business Standard in an email statement. "It must, however, be noted that our top performers will be rewarded well over 100 per cent and most others close to 100 per cent." |
| | Source : 30-03-13 Business-standard.com Compiled by Amresh Anjan |
| | Bhel to trim hiring on gloomy outlook |
| | In a reflection of the current business environment, state-owned Bharat Heavy Electricals Ltd (Bhel) has slashed the number of engineers it plans to hire this year. "There is an employee cost," chairman and managing director Mr. B.P. Rao said. "I can't keep on hiring without keeping an eye on what is happening in the sector."India's largest power generation equipment manufacturer used to hire an average of around 1,000 engineers every year, a number that dropped to 250 in the year ended March. In the current fiscal year, Bhel intends to hire just 200 engineers, human resources director Mr. Krishnan said. Most of the firm's 13,564 executives are engineers. Bhel's orders rose 43% to Rs.31, 528 crore in the last financial year but it secured no orders from non-state firms. The company has orders worth Rs.1.15 trillion on its book. Bhel had received orders worth Rs.60, 507 crore in 2010-11 and Rs.22, 096 crore in 2011-12. "However, we are strategizing in such a way that we should not be found wanting when the orders pick up," Mr. Krishnan said. "Things are improving." |
| | Source : 09-04-13 Livemint.com Compiled by Amresh Anjan |
| | Selection process for Government jobs in Capital to go online soon |
| | The Delhi Subordinate Services Selection Board (DSSSB), the agency responsible to fill up non-gazetted posts in various Delhi government and allied departments, is going online and will soon start disposing of hundreds of thousands of applications it has received in the past three-four years for various posts in different departments and offices. While various government recruitment agencies in the country including Union Public Service Commission, Staff Selection Board and service commission and staff selection boards of most Indian states have their recruitment process online, Delhi still invites hand-filled applications by post. Officials said the entire process of inviting applications, collating data, and computerising details is carried out by a private agency. While the DSSSB has invited applications for more than 25,000 vacant posts — mainly teachers and nurses — in 165 departments of Delhi government, MCD and NDMC in the past 3-4 years, the DSSSB failed to conduct exams for a single vacancy. Officials said more than 10 lakh people from Delhi, NCR and other Indian states have applied for these 25,000-odd vacancies and are still waiting for written tests and interviews to be conducted. DSSSB secretary Mr. Janak Digal said once the online job application system is ready, the department will be able to dispose of pending applications as well as call fresh applications for new vacancies."The website www.dsssbonline.nic.in is almost ready. We have fixed the target of clearing the pending applications and fill up the existing 25,000 vacancies by December 2013," Mr. Digal said. Once the online system starts functioning, the applicant will not just be able to fill the application online, eliminating the chances of error that may creep in as data-entry is done by the private agency, he will also be able to download the admit card online. The system will also send SMS and email regarding the date of the exam and examination centre to applicants. |
| | Source : 08-04-13 Hindustantimes.com Compiled by Amresh Anjan |
| | Indian job-seekers in Gulf feel the pinch |
| | Post-Arab Spring, there is some concern for Indian jobseekers in the Gulf, which now accounts for over 6.5 million Indian nationals. Indian workers have started feeling the pinch in countries like Saudi Arabia and Kuwait as laws in these countries ensure that their nationals get employment on priority. Henceforth, there is nothing much New Delhi can do about it. The Gulf countries had factored unemployment among the youth as a major trigger for the Arab Spring that uprooted regimes in Tunisia, Egypt and Libya and its ripple effect was seen across the globe."Unemployment is seen as one of the main factors for the Arab Spring and countries in the region are alive to this reality," says a senior government official. The oil sector, the backbone of the Gulf economy, doesn't give direct employment. Moreover, there are plenty of cheap expatriate workers available in these countries. Saudi Arabia, where 2.45 million Indian workers reside, is implementing labour law Nitaqat with greater focus this time. The law reserves a minimum of 5% and a maximum of 30% in the private sector for locals. Kuwait has also introduced a similar law. Most of the Gulf countries are sending back those who over stay their visa period or cracking down on those who use illegal methods to gain employment such as changing visa or sponsor. Many of them are sent back with amnesty. Recently, as many as 3,500 Indians came back with amnesty from the UAE. Despite constant pressure from Kerala politicians, including overseas Indian affairs minister Mr. Vayalar Ravi, New Delhi has limitations in making the domestic Saudi law a "bilateral issue". Over two lakh people from the state are in Saudi Arabia. |
| | Source : 05-04-13 Hindustantimes.com Compiled by Amresh Anjan |
| | Bank employees threaten stir over job outsourcing |
| | Bank employees unions have threatened to go on agitation again to protest outsourcing of jobs in the banking sector and demand filling up of vacancies through permanent appointments. The All India Bank Employees' Association (AIBEA) will lead a month-long campaign on these issues from May. A dharna will be staged in front of Parliament on May 29. Memorandums will be submitted to the Union Labour Minister seeking a stop to the rampant outsourcing of jobs. If no action is taken, an all India bank strike would be launched said AIBEA joint secretary and working president of Federation of Bank of India Staff Unions (FBISU) Mr. Nandu Chavan. More than one lakh positions are lying vacant in public sector banks in the country. Instead of recruiting officers and staff, the jobs, even in the core banking processes, are being outsourced. Outsourcing is being carried out in blatant violation of the bipartite settlement between employees unions and Bank Association in 2005 that had specified that no regular job or work processes can be outsourced. The situation today is such that PSU banks are no longer recruiting clerks despite a large number of vacancies. The positions are being squeezed or outsourced in the name of applying different banking models. Due to staff shortage, the functioning has been affected leading to increasing customer dissatisfaction in PSU banks, Mr. Chavan alleged. "We have demanded putting an end to unilateral outsourcing in the banks beyond the agreed norms and absorption of casual staff in the regular positions," he stated |
| | Source : 06-04-13 Newindianexpress.com Compiled by Amresh Anjan |
| | Centre engages Kashmir youth with training and jobs |
| | The union government is reaching out to the youth of Kashmir with a scheme to train them professionally and provide jobs. Union Minister Mr. Jairam Ramesh was in Sopore on Saturday, giving training certificates to 90 young men and women; 70 of them have got jobs. The Himayat scheme was started by the Centre last year to fight the sense of alienation among the youth in Kashmir; it has helped around 5000 men and women so far. The government hopes to create one lakh jobs in the next five years. Mr Ramesh's presence in Sopore, once ravaged by militancy, had its own message. "I think Sopore is also psychological. When you read newspapers, Sopore is associated with militancy. Nobody sees that you have a centre like this in Sopore with all these young girls and boys," the Rural Development Minister said. Kausar, one of the women to have got jobs after training, will work at a health centre in Sopore."My life has changed. I was a school dropout, sitting at home. Now I am self-reliant, earning and helping my family," she said proudly. The Himayat scheme has resettled 900 men and women with jobs outside Jammu and Kashmir, but many have complained of harassment. Mr Ramesh had comforting words for them. "I sympathise with the sentiment that the youth of Jammu and Kashmir are looked at suspiciously even today. As an Indian, I find it unacceptable. I share the anguish and pain of the boys and girls of Kashmir," he said. Thousands have been orphaned in two decades of militancy in Kashmir. Mr Ramesh said the Himayat scheme will be extended to them. |
| | Source : 07-04-13 Ndtv.com Compiled by Amresh Anjan |
| | More Women Taking Up Jobs with Long-Working Hours, Travelling |
| | An increasing number of women employees in India are taking up high-pressure jobs, including those involving long working hours and frequent travelling, a survey has said. According to the survey conducted by recruitment consultancy firm, CareerBuilder.com, two-third of women employees in India are now open to travelling as part of their job and another 33 percent actually prefer a 'high pressure-high rewards' work environment. The study further found that 82 percent of women employees agreed that their families were supportive of their career ambitions, while 60 percent felt that marriage would not come in the way of their career progression. Other experts also agree that family support and better career options in various sectors are helping women take up jobs in a high-pressure work environment. Citing example of the IT industry where job is demanding and require long working hours, cloud services provider Knowlarity's CEO Mr. Amabarish Gupta said, "Women do not shy away from undertaking this responsibility also". "Rather, they are able to manage both office and home with great ease and comfort. A lot of credit for this kind of a scenario can be attributed to the families and their indispensable support," |
| | Source : 08-04-13 Jobs.siliconindia.com Compiled by Amresh Anjan |
| | Hot IT Titles: Hybrids in High Demand |
| | The last time IT found itself awash in new job titles, evangelists, gladiators and gurus ruled the day. As IT's fortunes rise again, a second wave of new titles is swirling through the industry. But this time around, the titles reflect a seriousness of purpose as IT continues its seismic shift from service provider to strategic business partner. "Back in the dot-com boom, we saw a huge array of hip job titles. It was a way to attract talent to have a job with a word like ninja or master in it," says Ms. Laura Kelley, a vice president at IT staffing firm Modis. "Since the economy has gotten a little better, we see it happening again. What is new is the substance of a lot of those jobs -- big-data-driven jobs that focus on business intelligence. |
| | Source : 08-04-13 Jobs.siliconindia.com Compiled by Amresh Anjan |
| | Delhi NCR biggest job generator in H2 of FY'13 says Assocham |
| | A sluggish economic growth rate seems to be directly impacting the growth of new jobs in the country. During the second half of the financial year 2012-13, Ahmedabad, among major cities, registered the highest decline in the new jobs generation-growth, states a latest report from Assocham. The job scenario for the second half of the financial year 2012-13, reveals that Delhi and National Capital Region (NCR) topped as the job generation centre with over 66,000 jobs, followed by Bangalore (over 40,000 jobs), Mumbai (over 35,500 jobs), Chennai (almost 21,000 jobs) and Hyderabad (20930 jobs), to round-up the list of top five employment generating centres in India."A total of over 5.38 lakh jobs were generated during the financial year 2012-13 across India, with 2.65 lakh jobs getting generated in first half of the year and 2.73 lakh jobs during second half of the financial year" stated the Assocham report. |
| | Source : 02-04-13 Indianexpress.com Compiled by Amresh Anjan |
| | Ex-bankers get million-dollar offers |
| | Former heads of Indian banks and retired Reserve Bank of India governors and deputy governors have never had it so good. Companies aspiring to set up banks are offering salaries up to $1 million (Rs 5.4 crore) a year to these bankers to get help on bank licence applications and, if successful, with setting up the bank. Among the banking aspirants are the Tatas, the Aditya Birla Group, Reliance Industries, and Shriram group, the Mahindra Group and Videocon, among others. According to headhunters, these former bankers will be hired as consultants on contracts of up to five years. Many bankers are insisting on a five year term even if the company is denied a licence by the banking regulator, the Reserve Bank of India (RBI). "Companies have begun identifying personnel for key roles. Given that hiring is a six-to-nine month process, most institutions have paid headhunters to identify available talent. While the packages offered by the new players might not be drastically different, stock options will make their offers financially attractive," says the CEO of a head-hunting firm, recruiting for some companies interested in a banking foray. |
| | Source : 09-04-13 Business-standard.com Compiled by Amresh Anjan |
| | AI Express planning fresh recruitment |
| | The Union Ministry of Civil Aviation is planning to initiate a fresh recruitment process for major roles in the Air India Express, the low cost arm of the Air India, following the employees' hesitation to shift to Kochi. Shifting of the airline's headquarters to Kochi from Mumbai can be completed only if key positions are filled. A scheme under which employees can opt for a transfer to Kochi was announced a few months ago for which there was a lukewarm response. Only few air hostesses expressed interest in it. "This has prompted us to think of initiating fresh recruitment," Minister of State for Civil Aviation Mr. K C Venugopal said. In December 2012, it was announced that the headquarters of the airline would be shifted to Kochi from January, 2013, onwards. However, the airline - which operates a major share of its services from Kerala - is still in search of a convenient office space in Kochi, and as top level officials are yet to assume charge here, sources said. Meanwhile, there are reports that a section of a Mumbai lobby in the air travel sector was making earnest efforts to prevent shifting of airline's headquarters to Kochi. "This lobby has the support of a section of employees also," sources in the airline said. The minister said that the lack of office space alone is the reason for the delay in shifting of the headquarters operations to Kochi. A meeting will be convened to review the progress in shifting of the office. |
| | Source : 08-04-12 Newindianexpress.com Compiled by Amresh Anjan |
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