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| | Mr. Varun Berry replaces Ms. Vinita Bali in Britannia rejig |
| | In a reshuffle at the top, leading biscuit maker Britannia Industries has named COO Mr. Varun Berry to lead the Indian operations, with current managing director Ms. Vinita Bali named to run the international business, Nutrition Foundation and new business development. It could not be ascertained whether Mr. Berry, who has 27 years of experience with leading companies such Hindustan Unilever and PepsiCo Foods, will be reporting to Ms. Bali or not. The company's statement claims that it intends to aggressively scale up its international operations and at the same time increase focus on its large and profitable India operations."With these changes we are preparing the company for high growth in Britannia's India operations by catering to the changing food habits of the evolving Indian consumer and pursuing opportunities for growth in the overall food domain, here and abroad," said Mr. Nusli Wadia, chairman, Britannia Industries. "The new structure will help Britannia grow faster in India while it also focuses on growth in the international markets and addresses new business opportunities for the company," said Ms. Bali. The organisational changes come just after the company on Friday posted 65.55% rise in its net profit to Rs. 87.8 crore for the fourth quarter ended March 2013, as compared Rs. 53.03 crore in the corresponding quarter last fiscal. |
| | Source : 27-05-13 Hindustan times Compiled by Amresh Anjan |
| | Jobs boom ahead in cyber security |
| | The proliferation of information technology across sectors is generating demand for a new kind of specialist: the cyber security expert. The national cyber security policy sees India needing as many as 500,000 professionals in the field in five years. "Currently, there are only about 37,000 cyber security professionals and there is a big gap between demand and supply," said Mr. Gulshan Rai, Director General, Indian Computer Emergency Response Team. Information technology is already the lifeline of banking and telecom, and other sectors are becoming dependent on it as well. "With this increase, the threat of cyber attacks is also increasing. Hence, the need of cyber security experts is also increasing," Mr. Rai said. The catch is that at present, not enough institutes offer courses on cyber security. "We want private sector participation in training people in this field," said Mr. Rai. "We are closely working with the government to meet the requirement. We have also created some training programmes," said Mr. Kamlesh Bajaj, CEO, Data Security Council of India, an industry body. |
| | Source : 24-05-13 Hindustan Times Compiled by Amresh Anjan |
| | U.S. firms generated 3.5 lakh jobs in India during 2007-11 |
| | Painting a buoyant picture of the Indo-U.S. trade ties, Ms. Jennifer McIntyre, Consul-General of the U.S. Consulate General in Chennai, has said the bilateral trade in goods and services between the two countries has increased by four-and-a-half times in the last decade. Addressing members of the Federation of Karnataka Chambers of Commerce and Industry (FKCCI) in Bangalore on Thursday as part of an initiative titled 'Doing business with the U.S.'; Ms. McIntyre pointed to statistics showing trade between the two countries is on an upward trajectory. "Trade between the two countries is expected to cross $100 billion and economic ties are at an all-time high. American firms generated 3.55 lakh jobs in India between 2007 and 2011, and India is the fourth fastest growing source of foreign direct investment (FDI) in the U.S." According to her figures, U.S. exports to India have gone up by four times and exports to the U.S. from India have gone up by 1.8 times. She said that despite these encouraging developments, India was still only the 13th largest trading partner for the U.S. "Given the size of our economies, we have enormous untapped potential before us," she said. |
| | Source : 24-05-13 Thehindu.com Compiled by Amresh Anjan |
| | 15-20% salary hike for middle, senior jobs in key sectors: Indian Salary Guide |
| | Recruits for mid- to senior-level positions in key sectors are likely to get 15-20 per cent hike in salary this year, staffing firm Kelly Services said today. According to Kelly Services' annual Indian Salary Guide 2013-14, mid to senior level recruits in key sectors will get good pay and double-digit hike even amidst challenging economic conditions."All progressive Corporates need to remain competitive in terms of their salary positioning as it is a key component of Employee Value Proposition," Kelly Services India MD Mr. Kamal Karanth said. Mr. Karanth further said "at one level you have to address critical roles which are emerging due to business situations and at another level you need to retain your top talent. Both need to be addressed partly by addressing compensation needs of role and talent". The survey noted that the relationship managers' salaries in the banking and financial sector will see year on year increase in double digits. Moreover, oil and gas engineers in the EPC experience would command 15-20 per cent hikes in compensation. |
| | Source : 22-05-13 Financialexpress.com Compiled by Amresh Anjan |
| | RBS to focus on big cities in India, shut 23 branches |
| | Royal Bank of Scotland (RBS) will close 23 of its 31 branches in India by the end of the year to focus only on big cities. "As part of the strategic business decision, it (RBS) has started the process of consolidating its retail and commercial banking business to maintain a presence in eight major business hubs," a statement released by the bank said on Sunday. The bank, which had unsuccessfully tried selling its network to its peer from the foreign lending space HSBC, will have presence only in Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Pune, Hyderabad and Vadodara. Its branches at Agra, Jodhpur, Jalandhar, Kolhapur, Mangalore, Shastri Park (New Delhi) and Udaipur will be the first ones to be closed. "We will ensure the smoothest possible transition for our customers as well as employees who may be affected by this consolidation," said Mr. Brijesh Mehra, managing director and country head, international banking, RBS. |
| | Source : 27-05-13 Hindustan Times Compiled by Amresh Anjan |
| | No exodus of Indians from Saudi Arabia |
| | Terming the 'Nitaqat' law as an "opportunity" for those who are stuck in Saudi Arabia for years, India today said that contrary to perceptions, the number of Indians coming to the Gulf Kingdom has increased "significantly" in the last few months. "There is no exodus of people. The number of Indians who have come to Saudi Arabia in the past three months have risen significantly according to Saudi authorities," said Mr. Sibi George, Minister and Deputy Chief of Mission at the Indian Embassy in Saudi Arabia. He stressed that the Nitaqat programme and the three months grace period given till July 3 is an opportunity for those who have been overstaying in Saudi and have not visited India since 1997. "Every Indian overstaying here has been given an opportunity to correct their legal status, to find a new job or to go back to India and return without any penalty," Mr. George told PTI. The 'Nitaqat' programme, which is meant to regularise foreign workers, makes it mandatory for local companies to hire one Saudi national for every 10 migrant workers. Those who fail to find another job or a sponsor has to go back. As a result of this law, a number of people who were working without valid work permits and runaways have come under the scanner. Once the grace period time till July 3 ends, all those expatriates who are found without valid papers will be jailed and heavily penalised. |
| | Source : 25-05-13 Thehindubusinessline.com Compiled by Amresh Anjan |
| | SAP to Work With Specialisterne to Employ People with Autism |
| | Enterprise solutions provider SAP said it will work globally with Specialisterne to employ people with autism as software testers, programmers and data quality assurance specialists. SAP sees a potential competitive advantage to leveraging the unique talents of people with autism, while also helping them to secure meaningful employment, SAP said in a statement. It is estimated that one per cent of the world's population is affected by autism (Autism Spectrum Disorder)."With Specialisterne, we share a common belief that innovation comes from the 'edges'. Only by employing people, who think differently and spark innovation will SAP be prepared to handle the challenges of the 21st century," Ms. Luisa Delgado, member of the Executive Board of SAP AG, Human Resources said. The global announcement follows successful pilot projects in India and Ireland that demonstrate the positive impact of empowering people with autism to excel in their areas of strength. |
| | Source : 23-05-13 Jobs.siliconindia.com Compiled by Amresh Anjan |
| | IT outsourcing after the new US immigration Bill |
| | An anxious debate is raging in India's $108 billion information technology (IT) industry about the "gang of eight" immigration Bill that aims to prohibit the model of sending engineers on temporary work permits to deliver short-term projects in the US, and at the same time allow American rivals such as International Business Machines Corp. (IBM) and Accenture Plc to deploy their temporary workers without any restrictions. Top executives at India's biggest IT firms are nervously crying foul, naming American rivals as being part of a conspiracy to gain an unwarranted competitive edge and even hoping that their country will wage a trade war against the US if such restrictive proposals are passed in the world's largest market for IT outsourcing. So far, most Indian software services firms have been grumbling in private to ensure that they do not upset the policymakers and some touchy customers in a market that accounts for more than half of their total revenue. |
| | Source : 27-05-13 Livemint.com Compiled by Amresh Anjan |
| | Professionals rush to e-commerce biz despite huge layoffs |
| | The churn in India's Rs 47,000-crore e-commerce sector has led to a classic demand-supply mismatch between vacancies and job-seekers. With companies cutting down their employee-count to reduce costs and achieve profitability, the market is flooded with e-commerce professionals. But at their end, e-commerce companies are treading with caution. The initial model of hiring en masse proved to be costly and unviable over the long-term. These retailers are now in a consolidation mode. While some companies have trimmed their workforce by reportedly letting go of hundreds of employees, the days of jaw-dropping pay-packets are also over. Mr. Praveen Sinha, founder, Jabong.com adds, "E-commerce is built on the quality of the team and no e-commerce company is trying to take advantage of the situation. However, irrational hikes are not given and if that is considered as tough negotiation, I don't know."However, with e-commerce touted to be the "next big thing" in the Indian retail space, experts say that despite current challenges, the number of aspirants seeking to make it big in this sector will only grow. |
| | Source : 27-05-13 Moneycontrol.com Compiled by Amresh Anjan |
| | US banks sending sensitive mortgage, foreclosure jobs to India |
| | American consumers aren't too happy that US banks are now outsourcing mortgage and foreclosure processing work to India to pare down costs and keep up with the growing regulatory demands created since the 2008 financial Armageddon. As the US government rolls out tougher rules for home loans, banks have added new financial-verification hurdles, and many of them are outsourcing vetting to Indian outsourcing firms rather than hiring more people in the United States, reported The Wall Street Journal. This year, Indian outsourcing firms will bring in $316 million in mortgage work, double the revenue from such work in 2009, according to estimates from HfS Research, an outsourcing consulting firm. The Journal said the move is creating a new revenue stream for Indian outsourcing firms and Tata Consultancy Services and Wipro Ltd are getting a lion's share of the work. |
| | Source : 29-05-13 Firstpost.com Compiled by Amresh Anjan |
| | Private banks rain goodies on staff as talent war hots up |
| | Private sector bank employees are been rewarded generously even as annual hikes in most companies in other sectors have been moderate due to the economic slowdown. With around 20,000 jobs likely to be added due to the entry of new players, private sector lenders such as ICICI Bank and HDFC Bank are looking at ways to compensate their employees monetarily and otherwise, in a bid to retain them. ICICI Bank, which has about 65,000 employees, has handed out employee stock ownership plans (ESOPs) to a large number of its staff, besides announcing handsome increments. Jobs in the banking sector are likely to boom after remaining dull throughout 2012, once the Reserve Bank of India issues licences to new players. However, according to headhunters, the recruitment drive would gain momentum only if new banks decide to focus on retail business and not remain confined to corporate banking. "With new banks coming in, there would be a war to hunt talent and existing banks are aware of the situation," a senior executive at HDFC Bank told HT. |
| | Source : 28-05-13 Hindustan Times Compiled by Amresh Anjan |
| | Government approves I-T department restructuring; creates 20,751 posts |
| | Government today approved the restructuring of Income Tax department, that includes creation of 20,751 additional posts in various cadres, saying it will help increase collections by Rs25,000 crore per annum. "Union Cabinet today approved the proposal for creation of 20,751 additional posts in the Income Tax Department in various cadres that is 1,349 additional posts in the IRS cadre and 19,402 additional posts in the non-IRS cadres," Finance Minister Mr. P Chidambaram said briefing the media after the Cabinet meeting. He said the recruitment for the additional posts would be done over a period of time and the decision will help the I-T department collect higher revenue and provide better services to tax payers. The move entails an additional expenditure of Rs 449.71 crore per annum on creation of additional posts and upgradation of some existing posts, the minister said. "This additional expenditure would be more than compensated by the increased revenue of more than Rs 25,000 crore per annum proposed to be generated as a result of this exercise," he added. |
| | Source : 23-05-13 Dnaindia.com Compiled by Amresh Anjan |
| | School staff not to lose jobs says Mr P. K. Abdu Rabb |
| | Education Minister Mr. P. K. Abdu Rabb said here on Tuesday that no jobs would be lost because of the new staff fixation norms for schools. The government has specified that the number of teaching and non-teaching posts in schools should be fixed this year based on the number of students having the Aadhaar unique identification number instead of head counts in each class. The Minister told presspersons that enrolment of pupils for unique identification was almost complete. The government had adopted a favourable attitude towards staff whose appointments had not been approved and implemented a package for them. Mr. Rabb said the proposed academic city, to be developed on the lines of the academic city in Dubai, was aimed at attracting universities of international standard to offer courses in Kerala. A global education meet was proposed to be organised for promoting the academic city. An official team, which had visited Dubai, had submitted a report to the government. The government wanted to develop Kerala as an educational hub. |
| | Source : 29-05-13 Thehindu.com Compiled by Amresh Anjan |
| | Infosys to restructure wages in June |
| | Infosys Ltd will introduce a revised wage structure for all its employees in India on Saturday, with an aim of reducing the variable component in compensation. "Our employees have given consistent feedback about reducing this. In response to this feedback, we have enhanced the guaranteed part of their compensation, reduced the variability and simplified the overall compensation structure," a company spokesperson said in an email statement. It, however, is yet to decide on the annual wage rise. Last month, Managing Director Mr. S D Shibulal had indicated the company was looking at ways to introduce a new compensation structure, to help address the uncertainties on variable salaries. "We have always been extremely innovative in compensation. Last year, though the environment was tough, we had given a compensation increase. One of the things we are looking at for a while is to restructure the salary so that we balance the variable and the fixed salary," Mr. Shibulal had said. |
| | Source : 29-05-13 Business-standard.com Compiled by Amresh Anjan |
| | Teachers' recruitment: Order to be issued on May 28 |
| | Minister for Primary and Secondary Education Mr. Kimmane Rathnakar on Thursday announced that he would issue orders for recruitment of teachers on May 28. Mr. Rathnakar told reporters here that 16,000 posts of teachers were vacant in Karnataka and the government has already sanctioned funds to recruit 4,000 teachers. The previous government had postponed the process stating the special status accorded to Hyderabad-Karnataka region under article 371 of the Constitution had come in the way of recruitments. The minister said he would hold a meeting with officials of his department on May 28 and issue orders to fill the teachers' posts, except the 1,200 in the Hyderabad-Karnataka region. |
| | Source : 28-05-13 Deccanherald.com Compiled by Amresh Anjan |
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