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| | Hiring up by 10% in May'13 over May'12- says Naukri Job Speak |
| | The Naukri Job speak index at 1317 in May'13 is up 10.3% u when compared to May'12 at 1194, however the index is 4% down in May 13' is comparison to April 13'. Among the metros, most of the cities have seen a similar trend barring Pune, Mumbai and Chennai. While Delhi-NCR has seen an impressive 26% increase in hiring, Mumbai has declined by 10% in May'13 over May'12. Among the top 10 sectors, sectors like Pharma, IT, ITES have seen an increase by 25%, 8% and 56% in May13 while a few other sectors like Auto, Insurance, Oil & Gas have seen a dip over the same period. |
| | Source : 11-06-13 1 Compiled by Amresh Anjan |
| | SIAM fears job losses as car sales tumble |
| | Car sales in India fell for a record seventh consecutive month in May with a decline of 12.26 per cent, prompting industry body Society of Indian Automobile Manufacturers (SIAM) to caution that the prolonged slump in the market could result in job losses in the automobile sector. According to the latest data released by SIAM, domestic passenger car sales in May stood at 1, 43,216 units as against 1, 63,222 units in the same month of 2012. "This is the longest stretch of consecutive decline in car sales we have witnessed. Even in the 2008-09 downturn there was no such prolonged period of fall. These are worrying times for the automobile industry," SIAM Director-General Mr. Vishnu Mathur said. Overall economic slowdown, high inflation and interest rates, low consumer sentiments and insecurity over jobs are affecting demand for cars, he added. When asked if the continued slump in the industry could result in job losses, Mr. Mathur replied in the affirmative. "So far we have not received any specific information of people being laid off but the situation is such that it may have started or will start soon," he said. |
| | Source : 11-06-13 Thehindu.com Compiled by Amresh Anjan |
| | India No 1 in world on attrition chart, one in four to switch jobs: Hay Group |
| | As the growth trends firm up in job market, India is set to witness highest attrition rate in the world with possibility of one in four employees switching jobs in the country, a survey said today. The survey conducted by global human resource and management consultancy major Hay Group also said that the concerns among the Indian employees about fairness of their compensation and career objectives could be the key reasons for them to switch jobs. Global management consultancy, Hay Group, in association with the Centre for Economics and Business Research (Cebr), found that 49 million more employees are likely to leave their employers worldwide over the next five years compared to 2012, owing to improvement in economic and labour market conditions. |
| | Source : 07-06-13 Financialexpress.com Compiled by Amresh Anjan |
| | Google interns earn whopping $5800 per month |
| | A software engineer intern can earn an average monthly salary of 6,763 dollars in 2013 in Google. While engineers are paid the most in the company, lower-paying jobs include ad selling and marketing, the New York Daily News reports. Mr. Scott Dobroski, a corporate communications manager at Glassdoor, said that it is not surprising that interns at a company like Google are getting paid so handsomely, adding that the war for tech talent continues to rage on. If Google sends a rejection letter, Glassdoor reported that software engineers at Microsoft and Amazon pay competitive salaries as well, the report added. |
| | Source : 13-06-13 Newstrackindia.com Compiled by Amresh Anjan |
| | Will Amazon's entry in India shake up the Flipkarts of the country? |
| | The Indian e-commerce space in India is about to undergo a transformation, thanks to the recent entry of Amazon, the world's largest online retailer. But it's not as if major Indian e-tailing portals weren't prepared. In the weeks before Amazon.in launched here, portals such as Flipkart and Snapdeal made a major change in their business models, aligning them with that of the global multi-brand online retailer. But selling online is much more complicated than that and chopping and changing business models is likely only the first step in weathering a storm that is inevitable. Let's take a look at how e-commerce portals will have to adapt and what it means for all the stakeholders involved. In a knee-jerk reaction, major Indian portals switched from an inventory-based approach to a marketplace model (offering a platform to third-party sellers). This was a smart move for two reasons. One, by thus expanding their catalogues, Indian portals hope to thwart a massive diversion of online traffic to Amazon. The second reason, points out Mr. Pearl Uppal, founder of 5Ideas and partner at Startup Superfuel, is to minimise risks. "Owning inventory is a big cost to any business and Indian e-commerce sites realised that operations were turning out to be cost-intensive," explains Mr. Uppal, who believes that regulatory regime too has a hand in this. |
| | Source : 11-06-13 Moneycontrol.com Compiled by Amresh Anjan |
| | American auto industry about to go on hiring spree |
| | The auto industry is about to go on a hiring spree as car makers and parts suppliers race to find engineers, technicians and factory workers to build the next generation of vehicles. The new employees will be part of a larger, busier workforce. From coast to coast, the industry is in top gear. Factories are operating at about 95 percent of capacity, and many are already running three shifts. As a result, some auto and parts companies are doing something they've been reluctant to consider since the recession: Adding floor space and spending millions of dollars on new equipment. "We're really bumping up against the edge," says Mr. Michael Robinet, managing director of IHS Automotive, which forecasts auto production. "So it really is brick-and-mortar time."The auto industry's stepped-up hiring will help sustain the nation's job growth and help fuel consumer spending. On Friday, the government said U.S. employers added 175,000 jobs in May, roughly the monthly average for the past year and a sign of the economy's resilience. |
| | Source : 10-06-13 Newindianexpress.com Compiled by Amresh Anjan |
| | Sluggish industrial growth is affecting campus recruitment |
| | Slow industrial growth and the downturn in the economy have impacted campus recruitment in engineering colleges, which is evident from the low turnout of employers at the annual headhunt. While some reputed companies have kept their trysts with prestigious institutions, such as the National Institute of Engineering (NIE) or the Sri Jayachamarajendra College of Engineering (SJCE), the overall number of jobs on offer has come down. These companies have cut ties with second-rung engineering colleges altogether. Admitting that recruitment was slow compared to the earlier years, Mr. G.L. Shekar, principal, NIE, told The Hindu that this was the general trend in all technical institutions. Mass recruiters do conduct campus recruitment tests at NIE but have issued job offers to only 50 per cent of the candidates shortlisted. Mr. H.S. Prasanna, who heads NIE's training & placement division, pointed out that there was no appreciable increase in the number of companies conducting recruitments. During 2011–12 more than 80 companies visited NIE and recruited 92 per cent of the 535 undergraduate students and 100 postgraduate students. This year, about 40 companies visited the campus and only 300 out of 525 students were placed. |
| | Source : 11-06-13 Thehindu.com Compiled by Amresh Anjan |
| | An academy in Coimbatore to train bankers |
| | Coimbatore's education sector is expanding to have institutes for niche programmes. A city known for the large number of engineering and arts and science colleges got an institute a decade ago to offer textile related programmes. On Monday, Banker's Quotient opened its academy here, jointly with RVS Group of Educational Institutions, to train bankers. Mr. M. V. Nair, Chairman of Banker's Quotient, told presspersons here on Monday that the institute was set up to build skills among bank officials at different levels. It had the capacity to train 500 officers and this would be increased to 1,500 in a year. The faculty would include experts from the banking sector and soft skill providers. The banking industry proposed to recruit seven lakh people in the next 10 years. They need to be trained and the banks do not have the facilities to train all the new recruits. Further, it was imperative to have training for middle level officers too. The academy would meet these demands. It would train officials from public, private and new generation banks and would have agreements with the banks. While the investment for infrastructure was from the RVS Group of Educational Institutions, the resources were from BQ Academy, he said. |
| | Source : 11-06-13 Thehindu.com Compiled by Amresh Anjan |
| | Lower the bar in Teacher Eligibility Test: activists |
| | Educationists, activists and some candidates on Sunday made a strong pitch for conducting a special recruitment drive to fill vacancies set apart for candidates belonging to reserved categories, including schedule castes and schedule tribes, based on the Teacher Eligibility Test (TET) conducted in 2012. They also called for relaxation of minimum qualifying marks while recruiting candidates belonging to the SC, ST, MBC and BC communities based on the TET. According to a GO (no. 252), which activists are demanding be withdrawn, weightage is given to marks scored in higher secondary, D.T. Ed and TET in the case of secondary grade teachers (teaching classes I to V). Marks in higher secondary, degree, B.Ed, and TET are taken into consideration in the case of graduate assistants (teaching class VI to VIII). Mr. P.B. Prince Gajendra Babu, general secretary, State Platform for Common School System, said, giving zero weightage in the 'higher secondary marks' category to those who have scored below 50 per cent in the examination, puts several such candidates at a disadvantage. The minimum qualifying mark in TET is 60 per cent. |
| | Source : 10-06-13 Thehindu.com Compiled by Amresh Anjan |
| | 25 Corporates to train and place 25000 JK youth: Government |
| | Jammu and Kashmir finance minister Mr. Abdul Rahim Rather on Saturday said 25 corporate bodies across the country were committed for training and placement of 25000 state's youth. A government spokesman said that the minister for finance and Ladakh affairs informed government's nod for a road map for skill up-gradation of 9 lakh persons during the 12th Five Years Plan period so as to improve their employability and earning capacity. "Focus will be on un-employed youth belonging to the backward areas and less privileged sections of the society," Mr. Rather said. Addressing a public gathering in a remote village of Bonen in Tehsil Chadoora, Mr. Rather said a multipronged strategy has been launched to solve the un-employment problem adding that directions have been already given to concerned agencies to fast track the recruitment process. "It is hoped that 70,000 to 80,000 posts shall be filled up during next few months," Mr. Rather added. |
| | Source : 08-06-13 Hindustan.com Compiled by Amresh Anjan |
| | Boomerang Hiring – Hiring Ex-employees |
| | Boomerang Hiring is a recruitment trend which is prominently seen among ITeS companies. Ex-employees, who left for various reasons, are seen migrating to their earlier companies because of known work environment, growth and stability. Re-hires are always preferred & given priority during hiring over new hires as they are inherently more productive and have a shorter learning curve. Re-hiring helps to reduce the cost of recruitment and helps in improving training yield, productivity on the floor, and attrition. These secondary costs help to improve the rate of return of the re-hiring candidates. Boomerang hiring is very effective when a company is hiring for a similar profile. Few elemental precautions need to be kept in mind while rehiring a candidate such as employment history, reasons of earlier separation, settlement of claims or dues or any other negative feedback from previous supervisors and HR. |
| | Source : 11-06-13 Naukri.com Compiled by Amresh Anjan |
| | US blues for Indian tech firms |
| | The immigration bill goes before the US senate next week, and it may or may not go through. Either way, message for Indian IT firms here will be the same: it is time to change and go local. Infosys, Wipro and TCS have been targets of barely concealed hostility from US competitors and lawmakers since work started on an immigration reform some weeks ago. H-1B and L-1 work permit visas, required by foreign workers, form a large part of the effort, bringing IT firms dependent on them, mostly those from India, under harsh scrutiny."There are some specific abuses of H-1B," said Democrat senator Richard Durbin at a senate hearing on immigration reforms, pointing to Infosys, Wipro and TCS. "Americans will be shocked to know the H-1Bs are not going to Microsoft but to these firms -- largely in India -- who are finding workers (and) engineers who work at low wages in the United States for three years and pay a fee to Infosys or these companies," he railed. His views have been endorsed by firms like Microsoft. India's IT firms and government say on-site service in client sites is about trade and free movement of services but protectionist urges in unemployment-hit US are strong. |
| | Source : 10-06-13 Hindustantimes.com Compiled by Amresh Anjan |
| | TCS picks up 202 students from Walchand Eng College |
| | IT major Tata Consultancy Services has selected 202 students from Walchand College of Engineering, Sangli, as part of its Campus recruitment program this year, according to a press release. Out of a total of 450 students from all streams of engineering including Computer Science, Information Technology, Electronics, Mechanical, Electrical and Civil engineering from the Walchand College, 376 students have been placed in 55 companies till date, the release said. Dr YV Joshi, Director, Walchand College of Engineering said, "Despite challenging economic environment, the placements have been very encouraging, with most of our students being sought after by premier corporate houses". A total of 454 offers were made by 55 companies from IT, Engineering and Infrastructure fields. Tata Consultancy Services has chosen 202 students, Capgemini 19, Dhruv Consultancy 16, Scope Switchgear 15, John Deere 13, HCC 12, HSBC 12, Torrent Power 11 and 154 candidates were selected by other companies including Persistent, Bajaj Auto , Tata Technology, BPCL , Lafarge, Alfa Laval, Shapoorji Pallonji, Mahindra & Mahindra and L&T, the release said. |
| | Source : 12-06-13 Moneycontrol.com Compiled by Amresh Anjan |
| | Wipro to hire over 1,000 techies in Germany |
| | IT services major Wipro Ltd today said it will triple its headcount in Germany by hiring over 1,000 people over the next three years with an aim to expand its operations in the key European nation. According to industry estimates Germany's IT market size stood at around USD 80 billion last year. "Wipro plans to triple its employee strength in Germany over the next three years, by hiring over 1,000 professionals," the company said in a release. At present, the Bangalore-headquartered firm has over 500 employees in Germany, which serve more than 30 clients. It has 145,000 employees across 98 countries as on March 31, 2013. Its customers in Germany include a global automotive company, a European utilities major and one of the largest telecom companies in the country, among others, Wipro said. "Wipro expects to see significant traction in the retail, automotive, telecom, healthcare, banking and energy and utilities sectors in Germany in the years to come," it added. |
| | Source : 12-06-13 Zeenews.india.com Compiled by Amresh Anjan |
| | Reliance Jio to hire about 7,000 employees this year |
| | Reliance Industries' (RIL) telecom arm will increase its staff strength by nearly three-fold this year, to 10,000, as it gears up to launch fourth generation (4G) services. The company has so far invested about Rs 18,000 crores in the telecom business, mostly for acquiring spectrum."Hopefully, next year same time I will be able to give more information about the product (4G services) and the launch," RIL Chairman and Managing Director Mr. Ambani said while addressing the company's shareholders at the annual general meeting. "From less than 700 professionals a year back... the Reliance Jio team has grown rapidly to a national footprint of over 3,000 professionals today. And we estimate that over the next year we will grow the team further to a national strength of nearly 10,000 professionals," he said. Reliance Jio Infocomm, the telecom arm of RIL, has also finalised the key vendor and supplier partnerships that are required for the initial launch of our services, he added. "Together with our partners, we have charted an ambitious plan for the next 12 months, and we at Reliance Jio foresee making rapid progress over this period towards launching our services across India," Mr. Ambani said. |
| | Source : 07-06-13 Businesstoday.intoday.in Compiled by Amresh Anjan |
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