| Slowdown Takes A Toll On Hiring In July- Naukri Job Speak Index |
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| The beginning of 2012 had brought in lots of hope and optimism to the country's overall job market scenario but the ongoing global uncertainty, deteriorating GDP figures and the slowing of capital inflows has affected overall domestic growth. The Banking sector has seen the highest month on month dip with hiring activity going down by 16% in Jul-12 when compared to Jun-12. On a monthly level, Oil and Gas, Software services and Auto Sector saw recruitment levels dip within a range of 2% and 4% respectively over the same time period. Although sectors like ITES, Telecom and Insurance have seen about 4% to 8% increase in their hiring levels in Jul-12 when compared to Jun-12, the overall hiring level for these sectors are still 12%, 18% and 35% lower than pre recession levels. |
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| Source : 11-07-12 Naukri.com Compiled by Amresh Anjan |
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| Young Workforce Leaning Towards Manufacturing |
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| Manufacturing is being viewed as a good career option for youngsters in India. A survey "Engaging the Modern Manufacturing Workforce" commissioned by Kronos found that India topped the list of countries where the sector was regarded as a good career choice. About 92 percent of Indians felt that way. Australia and China were rated the lowest at 74 percent and 70 percent, respectively. However, at 64 percent, India was at the bottom when it came to government support such as policies and reforms for the sector. The study included research across 11 countries, namely, Australia, Brazil, Canada, China, France, Germany, India, Mexico, Spain, the U.K. and the U.S. Labour productivity was considered the primary factor behind the success of manufacturers. India was ranked relatively low on that score with 68 percent, compared to Brazil, Mexico and Spain, which stood at 82 percent. |
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| Source : 16-08-12 Financial Express Compiled by Amresh Anjan |
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| Auto Sector Confident Of Riding Out Manesar Crisis |
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| The auto industry does not expect any major impact on management-worker relations in the wake of the recent violence at Manesar. Even the Gurgaon-Manesar belt, which is home to another Maruti Suzuki India plant, has not seen any major trouble since the violence. However, Bajaj Auto and Tata Motors plan to undertake wage revisions. These would throw some light on how industrial relations are faring. Union leaders at some auto companies say they do not plan any major strike that would affect production, although labour trouble has broken out occasionally in the past. General Motors does not expect any problem and says it engages with workers quite frequently. It has a plant at Halol in Gujarat, where it had faced prolonged labour trouble in 2009. |
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| Source : 16-08-12 Financial Express Compiled by Amresh Anjan |
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| Reliance Life Looking To Add 50,000 Advisors |
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| Reliance Life Insurance is planning to hire some 50,000 advisors and 5,500 insurance consultants this fiscal. The company is trying to beat attrition in the current tough environment. Malay Ghosh, president and executive director, says the advisors are being added so that net employee addition remains positive. They will be given a minimum fixed salary to lower the attrition rate, especially in semi-urban and rural areas. Attrition levels have been high due to slow growth, he added. Increased regulation in the industry has also forced many employees to quit. The company has already hired about 7,000 advisors in April and May. The number is expected to cross 50,000 this year. New business premiums are expected to grow 10 percent.Mr. Ghosh expects industry growth to ride on renewal premium from existing customers. |
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| Source : 17-08-12 Financial Chronicle Compiled by Amresh Anjan |
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| Sify Technologies Picks CEO |
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| Sify Technologies has appointed Kamal Nath as its chief executive officer. He will lead the team that will help realise Sify 3.0; the vision to make Sify Technologies a services and solutions leader. Mr. Nath was a founder member of HCL Comnet, which is the infrastructure services division of HCL Tech, and has been a key member of HCL Tech's growth story over the years. |
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| Source : 16-08-12 Financial Express Compiled by Amresh Anjan |
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| Hotel Industry Looking To Raise Headcount |
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| Indian hotels are bullish on staffing plans, with 39 percent of the respondents of a TripAdvisor survey saying they were likely to increase staff. The survey placed India fifth in the world for hotels with the best business outlook. Greece was at ranked last. About 6 percent respondents in Indonesia and India reported their business as extremely profitable in the last six months. The percentage was the highest in the Asia Pacific region. The survey covered more than 25,000 hoteliers worldwide, including more than 1,500 from India. Most survey results for India point towards a positive industry sentiment, said Nikhil Ganju, country manager for TripAdvisor India. In fact, even the economic and business outlook for properties indicates better than average business health for India. The country ranked second in the APAC region and fifth in the world. |
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| Source : 16-08-12 Hindu Business Line Compiled by Amresh Anjan |
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| Powering Better Employability Among Engineers |
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| Hardly 20 percent of engineers graduating in India are employable. To address this problem in part, the Institution of Engineering and Technology (IET) has set up a six-month internship programme to familiarise engineering students with the latest technologies in power engineering. The aim is to promote the power sector as a career option other than IT. The power sector is hungry for talent, because a majority of the employable engineering graduates are absorbed by IT. Shekhar Sanyal, IET country head, said the biggest challenge faced by industry today is that engineers coming out of colleges have great textbook knowledge but fail on the practical front. IET is planning to offer graduating engineers insights into the avenues in core engineering and correct the general perception that IT alone can provide a great lifestyle and good pay packages. |
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| Source : 16-08-12 Indian Express Compiled by Amresh Anjan |
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| Businesses Say Senior Executives Are Overpaid |
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| A survey by Experian found that a majority of Indian businesses feel shareholders should have a greater say in setting the remuneration policy for senior executives. Around 70 percent of the participants polled said shareholders should have a greater say. Approximately 78 percent believed that senior executives were paid too much. The survey covered 2,800 businesses in 40 countries. More than three-quarters of the participants felt that public companies should disclose the remuneration policy and individual remuneration of executive and non-executive directors. Some 86 percent said CEO and chairman functions should be distinct. The results clearly indicate growing caution amid shareholders regarding how their money is being spent and by whom, said Vinamra Shastri, Grant Thornton partner and practice leader, business advisory services. There is an urge for transparency because of the recent instances of financial mishandling by managers. |
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| Source : 14-08-12 Hindu Business Line Compiled by Amresh Anjan |
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| Motorola To Cull Jobs; Reebok India Takes VRS Route |
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| Motorola and Reebok are shedding staff in India. Cellphone manufacturer Motorola Mobility is planning to limit operations in India and let go of 4,000 employees worldwide. The company, which Google bought last year, is restructuring to revive its faltering fortunes. The effect on Motorola's India workforce was not immediately known. The company's new CEO, Dennis Woodside, said it will close down a third of its 94 offices globally and let go of 20 percent of its total workforce. A third of the cuts would be in the U.S. Google has also revamped the management at Motorola by laying off 40 percent of its vice presidents and hiring new senior executives. Separately, sportswear brand Reebok is planning to offer voluntary retirement scheme to employees, open till the month-end. The company has staff strength of 200 in the country. |
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| Source : 13-08-12 Financial Express Compiled by Amresh Anjan |
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| Tata Motors Hires Ex-GM India Head |
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| Tata Motors Ltd has appointed former General Motors India head Karl Slym as its managing director, replacing P.M. Telang who retired in June.He will lead Tata Motors' operations in India, South Korea, Thailand, Spain, Indonesia, and South Africa, the company said in a statement. His appointment is effective 1 October.The revenue-spinning European subsidiary Jaguar Land Rover (JLR) will continue to be managed independently. |
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| Source : 15-08-12 Mint Compiled by Amresh Anjan |
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| 30% Fall In Job Creation In Ahmedabad |
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| Feeling the impact of slowdown in the Indian economy and the global economic crisis, Ahmedabad has fallen way behind in the generation of new jobs. Job creation in city fell over 30% in the first quarter (April-June) of 2012-13 compared to fourth quarter (January-March) of 2011-12.Ahmedabad created only 3,900 jobs during the first quarter of 2012-13, a survey conducted by Associated Chambers of Commerce and Industry of India (Assocham) on job trends reveals."Job generation in Ahmedabad has fallen by over 30% as against over 20% fall across the country. It clearly illustrates a clear slowdown in employment," national secretary general of Assocham, DS Rawat said. Besides, Ahmedabad's share in the total job generation across India is a paltry 3.1% compared to Delhi-NCR which accounts for over 23%, according to the survey conducted by tracking information in 32 sectors.The survey also highlights the failure of other parts of Gujarat in job creation, an indicator of slowdown. Vadodara and Surat offered between 1000 and 1500 jobs. However, the growth has been negative, Assocham data showed. There has also been a dip ranging between14-33% across the rest of the seven metros –Bangalore, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune. |
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| Source : 20-08-12 DNA Compiled by Amresh Anjan |
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| IIT-B Defies Slowdown As Salaries For Students Rise |
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| Despite the economic slowdown, placements at the Indian Institute of Technology — Bombay (IIT-B) have been better than last year. Companies made more job offers in the highest salary bracket — which has been redefined from Rs. 8.5lakh and above to Rs. 9.5lakh and above — this year as as compared to last year. While in 2010-11 there were 286 job offers in the Rs. 8.5 lakh and above annual salary bracket, in 2011-12 there were 322 offers in the Rs. 9.5 lakh and above annual salary bracket. There were more offers in second highest salary bracket too as compared to last year. The average annual salary offered to students has increased from Rs. 7 lakh last year to Rs. 7.5lakh this year. |
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| Source : 18-08-12 Hindustan Times Compiled by Amresh Anjan |
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| New Company Law To Boost Gender Diversity |
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| The Companies Bill, 2011, that may soon come into force looks to reduce gender disparity on company boards. It was unanimously signed off at a parliamentary committee meeting. The Bill is currently awaiting final comments from the Finance Ministry and the Planning Commission, a top Corporate Affairs Ministry official said. It will replace the 56-year-old Companies Act and ensure transparency and increase accountability. The new law will introduce a quota for women on company boards. The move is intended to address gender disparity on boards and bring the gender mix in line with companies in the U.S. or Europe. For the very first time, there will also be a legal provision for class action suits against companies. It will also usher in the concept of independent directors. At least a third of the directors of a listed company must be independent. |
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| Source : 14-08-12 Mint Compiled by Amresh Anjan |
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| Mainline Airline Pilot Hiring To Increase In USA |
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| Mainline carriers in the USA are expected to increase their pilot hiring during the second half, even as some plan capacity cuts.Delta Air Lines, which plans to cut capacity by about 1% this year compared to 2011, is understood to need additional crews to replace retirees and to fly 88 Boeing 717-200s they will receive from Southwest Airlines beginning in 2013, according to sources.Alaska Airlines and US Airways, which are the only two mainline carriers that will increase capacity this year, plan to hire pilots for their 2013 flying needs, say the airlines. They anticipate that capacity will increase by 6% and 2%, respectively, this year. |
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| Source : 17-08-12 Flightglobal.com Compiled by Amresh Anjan |
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| HCL, Wipro, Infosys Hiring Youngsters To Lead Emerging Technologies |
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| Social media, mobility, analytics and cloud computing (SMAC) have become the utmost requirements of any successful business. Acknowledging the scenario, most IT companies are focusing on these areas. IT companies in India are turning to younger people to lead these areas.It is believed, that younger professionals tend to be more tuned with the latest technologies and more easily adapt to them. Deepak Jain who is global head of work force planning and development of Wipro Technologies, has shared has shared his views that Wipro also requires professionals who are young and can understand cloud solutions. As far as Infosys Technologies is concerned, it is also focusing on cloud, mobility and product development. For this, Infosys Technologies is looking for young professionals these days. |
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| Source : 20-08-12 Itvoir.com Compiled by Amresh Anjan |
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