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| Mr. Mittu Chandilya is India CEO of AirAsia |
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| AirAsia, on Wednesday, named Chennai-born Mr. Mittu Chandilya as the Chief Executive Officer (CEO) of its Indian operations. AirAsia India (Private) Ltd., a joint venture between Air Asia, Tata Sons and Telstra, will start a low cost airline in India by the year-end with Chennai as its hub. Mr. Chandilya will assume office effective June 1, 2013. "I am extremely pleased and confident that Mr Chandilya will provide the leadership and bring to bear his entrepreneurial skills in successfully growing this new airline in the Indian aviation space." Mr. Ratan Tata, Chairman Emeritus of Tata Sons Ltd., said in a statement. Mr. Chandilya previously worked at Singapore-based consultancy firm Egon Zehnder. He was heading the travel and hospitality segment, where his primary focus was airlines and aviation. "India is an important market for us, and a CEO of Mr. Chandilya's stature and business acumen would definitely help us attain significant market share and achieve rapid growth in India," said Mr. Tony Fernandes, Group Chief Executive Officer of AirAsia. Accepting the appointment, in a statement, Mr. Chandilya said: "I am looking forward to bringing a whole new meaning to the word 'flying' to consumers in India." |
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| Source : 15-05-13 Thehindu.com Compiled by Amresh Anjan |
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| India Inc likely to give 12% pay hike in 2013 |
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| It is good news for jobseekers as the hiring activity is likely to see an uptrend in the coming months and salaries are expected to rise 12 per cent across industries and functions this year, says staffing services major TeamLease. According to the TeamLease's Salary Primer for 2013, hiring will increase going forward and salaries too will see an upward movement across most industries. The study that covered staff working across 318 different job profiles, 15 industries and eight functional domains in nine major locations in India said, hiring has registered 11 per cent growth, and salaries are likely to witness 12 per cent increase across industries and functions."The headwinds of global change, blowing hot and cold have only so much as reshaped the contours of the Indian labour markets for the better," TeamLease Services senior VP and co-founder Ms. Sangeeta Lala said. The study further noted that with companies striking a balance between skills and increment, attrition rate also has been brought under control, emphasising a buoyant and mature job market. Moreover, the gap between permanent salaries and temporary salaries is now negligible. |
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| Source : 20-05-13 Mydigitalfc.com Compiled by Amresh Anjan |
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| Saudi Arabia authorities refuse to accept new Indian passports |
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| In fresh trouble for Indians in Saudi Arabia, the authorities there have refused to accept new passports issued by Indian diplomatic missions. Saudi Arabia authorities have declined to transfer data from old passports to the new ones submitted by Indian expatriates for updating, saying they have not received any official information on modification. In the old passport, the passport holder's photo was placed on the second page, whereas the newly issued passports have photos placed on the third page. Though the troubled Indian expatriates have obtained a letter from the Indian Consulate confirming the validity of the new passport, Saudi officials are insisting on receiving confirmation through the Saudi Ministry of Foreign Affairs, the Arab News reported on Monday. Passport holders are legal residents of the Kingdom with valid residency permits who have approached Passport Department to transfer data from their old passports to their new ones, commonly known as "naql maalumat". On Sunday, the Saudi passport office in Jeddah refused to update approximately 200 Indian passports for this reason. Expatriates rushed to the consular service's outsourcing agency and have lodged a formal complaint. Indians in Saudi Arabia are currently facing trouble amid concerns over the 'Nitaqat' labour law that makes it mandatory for local companies to hire one Saudi national for every 10 migrant workers. |
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| Source : 21-05-13 Indiatoday.intoday.in Compiled by Amresh Anjan |
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| RBS to cut 1,400 jobs over next two years |
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| The Royal Bank of Scotland (RBS) has said that it will cut 1,400 jobs over the next two years as part of plans to restructure its retail head office operations in Britain, a media report said. No customer-facing staff will be affected, but support staff for the bank's retail arm including those working in communications, marketing and customer analytics are expected to be affected by the job losses, Xinhua cited RBS as saying in a press release. "To serve our customers well we have to ensure that our resources are focused on the things that matter most to them," Mr. Ross McEwan, chief executive officer of the bank's UK Retail, was quoted as saying."Regrettably, we can only do that by restructuring the way we work in head office so that every effort is concentrated on supporting our customers and the frontline staff that serve them," said Mr. McEwan."This is clearly difficult news for our staff and we will do everything we can to support them, including seeking redeployment opportunities wherever possible to ensure compulsory redundancies are a last resort," he said. With about 8,000 staff as the fourth largest employer in Edinburgh, RBS also announced that it would invest 175 million pounds (around $270 million) in Scotland over the next three years in areas such as branch refurbishments, improved complaints handling, quicker and simpler processes for account opening and mortgage processing and improved technology in branches. Mr. John Swinney, Scottish cabinet secretary for finance, employment and sustainable growth, said: "The Scottish government will do everything we can to provide support and help to those affected by job losses in Scotland through the Finance Sector Jobs Taskforce and our Partnership Action for Continuing Employment." |
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| Source : 17-05-13 Newstrackindia.com Compiled by Amresh Anjan |
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| IIM-Indore student offered salary of Rs 34 lakh per year |
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| A post-graduate program student of IIM-Indore has received a job offer with salary package of Rs 34 lakh per annum. Without disclosing the names of the employer-firm and the student, an IIM spokesman said the job was offered in India, to a student of the PGP 2011-13 batches. A total of 432 students and 142 companies took part in the placement process and the average salary offered was Rs 12.1 lakh per annum. Maximum jobs were offered in sales and marketing (29 per cent). |
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| Source : 19-05-13 Indianexpress.com Compiled by Amresh Anjan |
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| ABN AMRO to cut 400 jobs as profit plunges 17 per cent |
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| Dutch banking major ABN AMRO today said it will cut 400 jobs as part of a reorganisation drive and the reductions will be done through natural attrition and internal reallocation. The bank announced reorganisation in the commercial and merchant banking divisions in order to further improve efficiency. "The reorganisation is expected to lead to a reduction of approximately 400 FTEs (full-time equivalent), part of which will be realised through natural attrition and internal reallocation," the bank send while announcing its first quarter numbers. AMB AMRO's net profit for the first quarter of 2013 stood at 415 million euro, 17 per cent lower than the corresponding period a year ago (503 million euro), but was significantly higher compared with the loss of 38 million euro in the fourth quarter of 2012. "The first quarter of 2013 can be qualified as a difficult quarter. The Dutch economy has not recovered and both the number of bankruptcies and unemployment levels continued to rise," ABN AMRO Group Chairman Mr. Gerrit Zalm said. |
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| Source : 17-05-13 Indianexpress.com Compiled by Amresh Anjan |
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| Huge demand for networking jobs in IT Bangalore |
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| Attention job seekers. If you are open for trying out segments like networking, the time is just right for you. Networking jobs are up and thriving with almost every private firm as well as many government services seeing a surge in demand for professionals to manage their IT infrastructure including desktops, laptops, servers etc. "Most recruitments in the technical side in Bangalore are happening in the infrastructure management services or IMS segment. Both at the fresher and lateral levels (professionals with some experience)," says Mr. Bhupesh Gupta, director at recruitment firm Krizalis Consulting. If 100 candidates are hired by a tech firm, almost 60-65 will be for the IMS division, say experts. Firms like HCL, Wipro as well as Infosys are big recruiters for IMS. And with services like Aadhar becoming prevalent, demand has also risen in the public sector for professionals who can maintain networks that support schemes like Aadhar."In the last four to five years the demand for networking professionals has increased tremendously," says Mr. Harsh S Bharwani, vice president (international business) at training institute Jetking. The good news is that not just BEs and B.Techs but also those with other degrees or backgrounds can scout jobs in IMS post relevant certification courses. |
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| Source : 18-05-13 Dnaindia.com Compiled by Amresh Anjan |
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| Regulator to issue new rules on hiring of expat pilots |
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| India's aviation regulator plans to do its bit to reduce unemployment among the country's pilots by introducing new rules that will make it mandatory for airlines to hire two locals for every expat, but not necessarily for duties in the cockpit, according to two officials aware of the matter. India has about 350 foreign pilots, down from 800 four years back. The country's airlines had been required to phase them all out by December 2013. This deadline is to be extended to 2016 by the regulator, the Directorate General of Civil Aviation (DGCA), provided the new condition is met, said one of the two persons cited above. The second person confirmed the development. Neither wanted to be named. For every pilot from overseas on the rolls, an airline will need to hire two unemployed commercial pilot licence (CPL) holders and give them alternative jobs such as flight dispatchers or in radio telephony. They can be given jobs as co-pilots based on merit, whenever vacancies open up, the first official said. |
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| Source : 21-05-13 Livemint Compiled by Amresh Anjan |
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| Companies encourage staff to rejoin after break |
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| Today companies are focussing on the well being and growth of their employees. From sending them on sabbaticals to encouraging women to rejoin after a break, they are doing it all. As Mr. Srikantan Moorthy, Senior Vice President, Group Head of Human Resources, Infosys Ltd, observed, "Through a specific policy on community service, Infosys intends to encourage employees to volunteer for community development initiatives which benefit the society we dwell in, thereby providing individual growth as well." "We observe that this initiative helps boost employee morale, widen perspectives and build better citizens. It also makes an impact on the larger society and, in the long run, on the company." |
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| Source : 21-05-13 Newindianexpress.com Compiled by Amresh Anjan |
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| SAP looking to tap talent from India |
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| The German-based multi-billion SAP AG plans to shift more work to India because of the quality of talent available in the country."We are in India from a (SAP) Lab's point of view for the talent. We have moved more product responsibility to India, especially global product responsibilities. It is a token of recognition for the kind of role India plays in our innovation strategy and not just as a market," Mr. Jim Hagemann Snabe, co-CEO of SAP AG, told Business Line. The $21-billion SAP AG is a leader in business management software. SAP Labs in India is its biggest R&D centre outside Germany. Mr. Snabe said the company has been hiring more in India over the years and has "clearly gone to a strategy to attract absolutely the best talent in the market." The company considers SAP Labs India as one of the most productive and innovative R & D centres in the world. Meanwhile, SAP announced at its conference, Sapphire Now that its blockbuster product, Hana will power all its cloud-based applications even as it tries to fend off competition. |
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| Source : 16-05-13 Thehindubusinessline.com Compiled by Amresh Anjan |
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| Bangalore's techies start 'brand tattoos' craze |
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| Young high fliers in India's technology capital Bangalore are so proud to work for Western technology firms such as Microsoft and IBM that they are having their logos tattooed on their bodies. Tattoo artists in the city have reported an increase in the numbers of men asking for "brand tattoos" to celebrate the high status that comes with a job at one of the world's top technology companies. The permanent "branding" of their bodies with their firm's logo is not seen as a symbol of slavery or eternal submission but as a symbol of triumph to commemorate landing a highly coveted job. And despite the fact that many move on to other jobs, they keep the tattoos, according to the city's leading artists. "It's called Brand tattooing. Mostly people from IT companies like IBM, Apple, Microsoft and Oracle have got their company logos tattooed on their bodies. |
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| Source : 17-05-13 Newindianexpress.com Compiled by Amresh Anjan |
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| Infosys's IT Division Unlikely To Give Salary Hike |
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| Infosys's IT sector is reportedly running under crises, and is unlikely to give a salary hike to its employees in the traditional hike month, which happens in April-May. The company's IT sector had a growth rate of sub-6 percent in the year 2012-13, reports Times of India. However, Infosys's BPO division revenue, had a healthy growth rate of 17.8 percent in 2012-13, and is expected to announce a single digit hike in June for lower level employees. The company's regular practice is to give promotion and the increment at the same time. However, this year, promotion letters have been already handed out, but the increment letters has not been given to the employees. The company is likely to keep a close watch on what the industry does, before going for call on increments. Last year, the company gave a hike only in October. Today, Infosys is going through a tough phase; as its revenues have decreased significantly, compared to its peers like TCS and Cognizant. |
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| Source : 20-05-13 Siliconindia.com Compiled by Amresh Anjan |
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| No takers for Coca-cola's job guaranteed-course, even for free! |
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| Not a SINGLE student turned up in the two community colleges at Thane and Vashi launched in association with Hindustan Coca-Cola Beverages in 2012 despite repeated recruitment drives which continued till March this year. Interestingly, the company not only promised to pay the course fee for the students but also offered a job after completing the course with a starting salary of Rs15, 000. The community colleges offer two year 'Associate degree" course which includes skill-based training at the company. |
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| Source : 21-05-13 Dnaindia.com Compiled by Amresh Anjan |
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| Axis Bank MD & CEO Ms. Shikha Sharma gets salary hike |
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| Shikha Sharma, MD & CEO of private sector lender Axis Bank, whose term was extended to May 2015 by the bank last February, will get a revised remuneration with effect from June this year, the bank said in a regulatory filing to the BSE on Thursday. The hike is subject to approval by the Reserve Bank of India and the bank's shareholders. Her remuneration was last revised in June last year. According to the filing, her salary will stand revised from Rs 1.78 crore per annum to Rs 1.96 crore, while HRA will go up from Rs 59.52 lakh per annum to Rs 65.47 lakh. Leave fare concession will increase from Rs 11.15 lakh per annum to Rs 12.26 lakh. Utility bills entitlement will be Rs 3.30 lakh per annum. The bank said that the variable pay will be paid as decided by the bank's board and other terms of her appointment remain unchanged. The bank has also raised the remuneration of two more directors, Executive Director and Head (Corporate Centre) Mr. Somnath Sengupta, and Executive Director and Head (Corporate Banking), Mr.V Srinivasan. |
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| Source : 16-05-13 Deccanherald.com Compiled by Amresh Anjan |
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| Successful Indian Startups Sacking Employees in Huge Numbers |
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| The cutback of India's e-commerce sector has led to the handing out of pink slips by online retailers as they shift attention from acquiring customers to controlling costs. Among the companies sacking staff, Flipkart and Jabong, the leaders in the e-commerce space have sacked about one-tenth of the workforce. At Flipkart, nearly 250 employees have been expelled while in Jabong, similar number of employees have been sacked. "People are being let off every month", said a Flipkart employee who was sacked in April. Both the companies responded that they continue to hire but according to few industry executives, 'it is the first time that e-commerce firms are sacking staff in huge numbers.' Another startup Inkfruit, an apparel portal has also asked several employees to leave. |
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| Source : 17-05-13 Siliconindia.com Compiled by Amresh Anjan |
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