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| | Hiring activity for April-13 grows by 5% as compared to March-13: says Naukri Job Speak index |
| | The Naukri Job Speak Index brings good news for India Inc in April-13 despite uncertain economic conditions and low GDP growth, the overall hiring activity has moved at a stable rate. The first month of the financial quarter starts on a positive note with the hiring activity index at 1368, 5% higher in Apr 13' compared to Mar-13. Moreover, the index has grown by 15% Y-o-Y when compared to Apr-12. The index has grown across sectors in Apr-13. Interestingly the Insurance sector has witnessed the highest growth after a fall for 3 consecutive months; the sector has grown by 27% in April, 13 when compared with Mar, 13. On the other hand the pharma sector has seen a dip of 6% in the job index for Apr13' when compared to Mar13' however it is still above Feb13' levels. |
| | Source : 08-05-13 Naukri.com Compiled by Amresh Anjan |
| | Indian techies not stealing jobs in US: says study |
| | Indian IT firms operating in the US have long maintained that H-1B visas do not lead to outsourcing of jobs or shrink the job market for Americans. But few were willing to listen. A new study by an independent US think-tank has now made the same argument. And Indian IT firms are hoping they would fare much better now. The National Foundation for American Policy study argues that H-1Bs are good for the US economy and the demonization of Indian IT firms is without any merit. An immigration reform bill introduced in the US senate recently proposed to overhaul the H-1B visa system to end its use in outsourcing Americans jobs to cheaper foreign workers. Democrat Senator Richard Durbin, one of the eight co-authors of the bill, said at a recent hearing that Indian firms were misusing these visas to outsource US jobs."An examination of data reveals that the premises on which these new restrictions rest are not supported by facts," said the study released on Wednesday. The study attacks the basic premise of the H-1B-outsourcing argument that foreign workers are cheaper. They are not, and make as much as Americans of the same age and with the same qualifications. US operations of Indian IT firms such as TCS, Infosys and Wipro use H-1B visas. So do Microsoft, IBM, Facebook, Yahoo and other companies. There is a perception that Indian IT firms corner a large chunk of these visas. The US issues 65,000 H-1B visas every year — and around 19% of them went to Indian firms in 2012.But that number has not always been so high."In FY 2012, India-based companies utilised 19.9% of the new H-1B petitions approved," said the study. |
| | Source : 02-05-13 Hindustan Times Compiled by Amresh Anjan |
| | PSU banks stop hiring from B-Schools after court order |
| | Public sector banks are now planning to appeal in the Supreme Court against the restriction imposed on hiring from business schools. A recent ruling by the Bombay High Court had said restrained campus recruitment for appointment of officers by Central Bank of India. Mr. M V Tanksale, chairman and managing director, Central Bank of India said his bank will appeal in Supreme Court against the Bombay High Court ruling that restrained the bank from recruiting MBAs through selection at campus. He added that the bank is picking up management graduates from campuses for specialised jobs under autonomy granted by the government, which is their owner. Another top executive with a large public sector bank said while the high court verdict may have been in case of specific bank, it is going to have implications for other public sector banks also. The official added that the issue will be taken up with the Indian Banks Association. Management institutes are the most preferred destination to recruit talent for the special posts in banks. With good talent available aplenty, the banks do not need to scout for talent elsewhere. Hence, banks prefer to go for campus hiring and pick students, especially from finance and marketing/strategy backgrounds."Being listed entities there is expectation to work with private sector efficiency. Public sector entities tend to get the residual talent from management campuses, so for us it is quite a challenge to do a balancing act," a public sector bank official added. |
| | Source : 04-05-13 Business-standard.com Compiled by Amresh Anjan |
| | IT hiring slows, but there's plan B for engineering graduates |
| | Slump-hit IT firms have their finger on the pause button when it comes to hiring. But engineering graduates have a plan B up their sleeve — teaching as a career and higher studies. Close to 10 lakh students took the Graduate Aptitude Test in Engineering (GATE) this year, almost 15 per cent more than the 2012 count. Admission to postgraduate programmes with government scholarships/assistance in engineering colleges, institutes and universities is open to those who qualify through this test. GATE is an all-India examination conducted jointly by the Indian Institute of Science and seven Indian Institutes of Technology. Dr. P.S. Sreejith, Principal of School of Engineering at Cochin University of Science and Technology, said students were scouting for better alternatives after software companies cut back on campus hiring. With the All India Council for Technical Education (AICTE) making M. Tech compulsory for teaching jobs in engineering colleges, more and more students were opting for it and later applying for faculty positions, he said. Dr. Sreejith said the School of Engineering received around 100 applications for each of its 18 seats for its M. Tech programme this year. Mr. G.P.C. Nayar, president of the Federation of Associations of Management of Unaided Professional Educational Institutions in India, said on an average 100 to 150 candidates apply for a vacancy of Assistant Professor in private engineering colleges these days. He said the number was growing compared to previous years, indicating that engineering graduates seem to have chosen teaching as a safe and secure career option. Mr. Nayar said private managements also offer attractive salary package. An assistant professor can take home around Rs. 32,000 in the beginning. Demand for teachers who retired from government engineering colleges was also high, with managements offering up to Rs. 1.75 lakh for select teachers, he said. |
| | Source : 06-05-13 Thehindu Compiled by Amresh Anjan |
| | India services sector see slowest growth in 18 months: HSBC PMI |
| | India's services sector grew at its slowest pace in one and half years during the last month, as costs for raw materials, petrol and labour increased considerably, HSBC Services Purchasing Managers' Index survey said today. The pace of hiring by private sector companies was also slowest in seven months, as per a monthly HSBC India survey of services sector managers. However, the executives expressed optimism about improving trends in the coming months, HSBC said. The HSBC India Composite Output Index fell to 50.5 in April from 51.4 in March."The latest reading indicated that activity increased marginally and at the slowest pace since October 2011," it said. Meanwhile, the seasonally adjusted HSBC Business Activity Index declined to 50.7 in April from 51.4 in the previous month. Input prices witnessed further increase in April – the trend continued for the 49th consecutive month -- and cost of raw material, petrol and labour were higher, HSBC noted."The rates of increase in average selling prices were slower at both manufacturers and service providers... Companies operating in the Indian service sector remained optimistic towards output growth in the short term," it added. Even though new businesses placed at services and manufacturing firms in India increased last month, the rates of expansion eased. The manufacturers cited power cuts while service providers mentioned extreme weather and challenging market conditions for such a trend, the report said. |
| | Source : 07-05-13 Financialexpress.com Compiled by Amresh Anjan |
| | IT companies hiring more local freshers in US |
| | Software firms are tweaking their hiring strategy. There has been a steady tightening on overall utilisation from the October-December quarter. Software firms are tweaking their hiring strategy. There has been a steady tightening on overall utilisation from the October-December quarter. Offshore or domestic hiring has seen a significant decrease, while onsite or overseas hiring has risen. The trend now is to hire freshers rather than experienced professionals overseas. Experts attribute this trend to two key factors: cost-cutting and the US Immigration Bill. TCS admitted recently that the US bill was definitely a concern, given the steep rise in sub-contracting costs. It is looking to further improve utilisation even as it lowers its hiring this fiscal. Of course, it is planning to increase hiring of freshers in the US. Ms. Ankita Somani of Angel Broking said "sudden pent-up demand" is also behind "the rise in utilisation". And "sub-contracting costs would rise further if visas become more expensive with the passage of the US Immigration Bill."Like the rest of the IT pack, HCL Technologies has been steadily increasing its utilisation in favour of a 'just-in-time' or need-based hiring. Mid-tier firm Hexaware recently stated that reducing bench size helped them to deliver better-than-expected results. In future, Hexaware will concentrate on're-skilling' employees or training existing employees to take on new roles, rather than hiring professionals from outside. However, Hexaware is also steadily increasing the number of its campus engineers overseas, looking at training them, rather than hire experienced professionals to cater to local demand. |
| | Source : 06-05-13 Dnaindia.com Compiled by Amresh Anjan |
| | Government's hiring policy rotten, no fix in sight |
| | Railway Board member Mr. Mahesh Kumar's arrest on charges of attempting to buy his next posting may have surprised many outside the government. Not in the top echelons of India's civil service that has often been a mute spectator to their colleagues pulling strings or paying up for lucrative or important assignments. "It is rare for someone to be caught... They must have been amateurs," a government official, who has helped out colleagues with their appointments and was familiar with the functioning of some middlemen, said. The bitter truth, he insisted, was that a large number of top appointments in public sector undertakings are made for a consideration. There are middlemen so well-entrenched in the bureaucracy that they have held up appointments files for weeks and months if the money has not been paid. Like this public sector bank official who wanted to be appointed chairman. He was in talks with fixers for the post but backed out after the finance minister - unaware of the behind-the-scene manoeuvres - announced at a bank function that he would become the next chairman. A file that should have been cleared in a matter of days, took months. "It would just get stuck at every stage, clarifications were raised but it finally got sorted after some money was paid," the official said. A Central Vigilance Commission official conceded that they had heard of such instances but evidence was hard to come by in such cases of collusive bribery. The official said they had come across a new trend in recent years that did not require the aspirant to have deep pockets. Private companies that deal with the public sector undertaking offer to incur all the expenses. The arrangement is that the new PSU chairman was free to discharge his responsibilities professionally in all other cases except when it relates to this company. The irony is that one of the key reasons for the rot in the system is the desire to promote merit. |
| | Source : 05-05-13 Hindustan Times Compiled by Amresh Anjan |
| | Now, talent hunt becomes cheaper |
| | Executive search firms in India have witnessed hiring fee drop by 20 to 30% in the last couple of years. Reason? Economic slowdown impacting the job market, intense competition with executive search firms mushrooming and companies focusing on recruitment through internal resources. While top level hiring, which includes CEOs, are still being outsourced by companies to a large extent, the mid-and-junior level hiring are gradually being done in-house to keep costs under check ."Due to the increasing cost pressures and deadlines, most of the leadership decisions are moving in-house. By adopting such practice, companies avoid about 30% to 40% of fees paid to consultancies per hiring," said Mr. S Varadarajan, executive president, human resources (HR), Tata Teleservices.To fight the intensifying competition, instead of charging the traditional one fourth of a candidate's first-year salary, some recruiters are offering 15% or less, dropping extra administrative and reimbursement charge they once commanded. "We are accepting fixed payments as well. Also, companies are getting sensitive about our scotch and wine bills," said a senior executive from a top global search firm. Industry sources said that the market is now predominantly driven by a just a few big headhunting firms unlike a few years ago. |
| | Source : 06-05-13 Hindustan Times Compiled by Amresh Anjan |
| | TCS Q4 hiring dwarfs Wipro and Infosys |
| | IT industry leader Tata Consultancy Services (TCS) has surged ahead of its rivals Infosys and Wipro on the hiring front, on the back of higher growth, better employee utilisation and a robust client pipeline.TCS' hiring figures for the fourth quarter ended March 31, 2013 are miles ahead of its rivals, for the same period, while its attrition is lower than its peers. During Q4FY13, TCS added 20,098 (gross) with a net addition of 12,559 employees. For the same period, Infosys added 8,990 professionals, with a net addition of 1,059. Wipro's IT Services division added 2,907 people in the quarter.TCS has also said it will hire around 45,000 engineers in financial year 2014. According to Ms. Ankita Somani, research analyst for IT and telecom at Angel Broking, "TCS is a growth-focused company, and is very strong in the deal-renewal market. Their utilisation is quite high, and they must be hiring aggressively to meet the demand from the new business coming in. Infosys and Wipro have relatively lower utilisation and a large bench (employees who are not working on projects). "Employee utilisation is the percentage of hours billed, out of the total number of hours available to work on projects. While TCS' utilisation rate tops at around 82 per cent, Infosys is at 71 per cent and Wipro's net utilisation (excluding support) is at 71.7 per cent."TCS' hiring is probably based on a strong order pipeline, and a good number of business enquiries," said Mr. E Balaji, MD and CEO at Randstad India, a HR and staffing firm. But, he added, most of the top IT companies have been hiring from campuses in the hundreds. "For students with good skills and aptitude, there is a lot of choice available," he said. |
| | Source : 05-05-13 Mydigitalfc.com Compiled by Amresh Anjan |
| | Indian workers to be regularised: Saudi Arabia |
| | Indian workers who have travelled to Saudi Arabia legally will be allowed to regularise their visa status, get new jobs or to return home if they register voluntarily with the Saudi authorities during the three months grace period announced by the Kingdom, according to officials. This was among the issues discussed at the joint group meeting held this week at the Saudi ministry of labour. The group will continue their discussions next week, said a statement issued from the Indian embassy in Riyadh. The joint group was set up during the discussions between Saudi labour minister Mr. Adel Fakeih and Indian delegation led by overseas affairs minister Mr. Vayalar Ravi in Jeddah on April 28. The Group is mandated to discuss all issues pertaining to the welfare of the Indian community in Saudi Arabia including immediate issues pertaining to implementation of Nitaqat programme and overstaying Indian workers. The 'Nitaqat' law makes it mandatory for local firms to hire one Saudi national for every 10 migrant workers. There has been widespread perception that the new policy will lead to denial of job opportunities for a large number of Indians. Over two million Indians are currently working in Saudi Arabia. The Saudi government was implementing the Nitaqat law to cut unemployment in the country. The Joint Group also discussed re-employment of those overstaying Indian workers in Saudi by availing the facilities offered by the ministry of labour including services of the newly set up mega-recruiting companies, the statement said. |
| | Source : 04-05-13 Hindustan Times Compiled by Amresh Anjan |
| | Cyber crimes mostly insider jobs |
| | In an increasingly-wired networked business environment, the threat from within the organisation is more than from outside to business firms, who in any case are facing increasing challenges of cyber crimes and corporate espionage. If these were not enough, employees are committing security breaches, albeit innocuously by posting or sharing business-sensitive information on social media websites, according to a report by consultancy firm PricewaterhouseCoopers (PwC), India. The report titled "Invading privacy: Cyber crimes on the rise" authored by PwC India Executive Director Mr. Sivarama Krishnan said, "In most cases, breaches by insiders are committed by individuals who are motivated by greed, selfishness, or antagonism towards the management leaking confidential information outside the organisation." Citing a 2011 report "PwC Economic Crime Survey 2011 India", it said that 60 per cent organisations were of the view that perpetrators were among their own staff and 36 per cent were outsiders. "It's either collusion or unconscious involvement, which accentuates the case for awareness and stricter control," Mr. Krishnan said. In a world marked by fierce competition and increasing uncertainties, keeping tab on rivals has gone digital, the report said, adding: "Corporate spying is prevalent in sectors such as electronics and infrastructure, which are considered more vulnerable to fraudulent practices." It identified intellectual property, e-files, databases, and product-sensitive reports as susceptible to the challenge and said that the trend spans sectors from IT, BPO, FMCG, banking and telecom. Extrapolating cyber crime statistics, the report said that such crimes registered under the Information Technology Act are expected to up from 2,636 in FY2013 from 1,791 in 2011.Bring your own device (BYOD), the latest buzz in IT companies, is an emerging security menace, as it represents the "weakest link" in mobile device security, Mr. Krishna said. |
| | Source : 07-05-13 Deccanherald.com Compiled by Amresh Anjan |
| | 22 MBAs from Narsee Monjee to lose their jobs for forging admission test |
| | Twenty two management graduates from the Narsee Monjee Institute of Management Studies (NMIMS), Mumbai will lose their jobs at various companies and also face charges in forgery. An IBN report said that according to the crime branch these 22 graduates took the help of imposters to clear their entrance tests for getting admission into NMIMS. The Mumbai Police had earlier arrested six persons in connection with the case. A Hindu report further mentioned that during the admission process, the institute authorities found discrepancies between the photograph taken at the time of writing the NMAT (the entrance test) and the photographs on the personal interview application form of a few students, following which the institute lodged a complaint with the Joint Commissioner of Police, Mumbai. |
| | Source : 30-11-99 Firstpost.com Compiled by Amresh Anjan |
| | More AIIMS doctors taking VRS for private sector jobs |
| | As senior doctors from All-India Institute of Medical Sciences (AIIMS) continue to join exodus from the venerated institute, AIIMS does not seem to be a dream destination of every doctor and medical professional any longer. This year, already three more doctors have taken voluntary retirement to join private hospital. Dr. Suneeta Mittal, head of department of obstetrics and gynaecology, who initiated the in-vitro fertilisation and embryo transfer facility at AIIMS, took voluntary retirement after serving for several years at AIIMS. Also, joining the list are Dr B. Mohanty, associate professor of radiotherapy, and Dr Vinod Raina of medical oncology. It is learnt that all three of them are set to join Fortis healthcare. As senior doctors leave, the problem of shortage of personnel has only got more acute. According to the recent estimates by the Union health ministry out of the total sanctioned strength of doctors at AIIMS which is 823, only 507 (65 per cent) are in position. The number of scientists at AIIMS too remains paltry. Of the total 119 sanctioned strength of scientists at the premier institute only, 36 are in position. However, the health ministry does not consider leaving of doctors as brain drain. In his recent reply in the Lok Sabha, Union health minister Mr. Ghulam Nabi Azad said, "Only 15 doctors have left the institution on personal grounds in the last three years. The percentage of doctors is so small and negligible that it cannot be termed as brain drain." |
| | Source : 07-05-13 Asianage.com Compiled by Amresh Anjan |
| | US unemployment rate drops to 4-year low |
| | The U.S. economy showed last month why it remains the envy of industrialized nations: In the face of tax increases and federal spending cuts, employers added a solid 165,000 jobs in April - and the unemployment rate dropped to a four-year low of 7.5 per cent. The job growth in April - and far more jobs added in February and March than anyone thought - sent a reassuring sign that the U.S. job market is improving. Coming after a poor jobs report for March, the figures the government issued Friday helped ease fears that hiring might be slumping for a fourth straight year. The Labour Department revised up its estimate of job gains in February and March by a combined 114,000. It now says employers added 332,000 jobs in February and 138,000 in March. The economy has created an average of 208,000 jobs a month from November through April - above the 138,000 added in the previous six months."This is a good report," said Mr. John Silvia, chief economist at Wells Fargo. "There's a lot of strength... It's good for the economy. It's good for people's income." The stronger job growth suggests that the federal budget cutting "does not mean recession," Mr. Silvia said. "It does not mean a dramatic slowdown." Stock prices soared in response. The Dow was up 164 points in early afternoon trading and briefly touched 15,000 for the first time. The unemployment rate has fallen 0.4 percentage point since the start of the year, though it remains high. The Federal Reserve has said it plans to keep short-term interest rates at record lows at least until unemployment falls to 6.5 percent. |
| | Source : 03-05-13 Businesstoday.intoday.in Compiled by Amresh Anjan |
| | Job seekers throng employment exchanges as economy sputters |
| | The number of job seekers registering with employment exchanges in India has risen over 11% in 2012 in comparison with the previous year, as economic growth fell to its lowest in a decade forcing employers to cut flab or freeze hiring to stay competitive. While slowdown could be a major factor, labour secretary Mr. M Sarangi told FE that modernisation of employment exchanges in states like Maharashtra, Haryana, Karnataka and Tamil Nadu along with special schemes like unemployment allowance announced by Uttar Pradesh may have increased the enrolment. Perceiving the importance of boosting jobs, the government has introduced a Bill in Parliament to revamp employment exchanges to help freshers get placed easily as per their skill sets, said Mr. Sarangi. Though employment exchanges had in recent decades lost their relevance as most openings have come up in the private sector, and that too based on contracts. But due to the latest moves, the number of registrations at employment exchanges have risen to 4.47 crore at the end of January 2013 from 4.02 crore in 2011, according to the latest data available with the labour ministry. |
| | Source : 03-05-13 Financialexpress.com Compiled by Amresh Anjan |
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