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| | Naukri.com launches NaukriRecruiter profile |
| | Naukri.com has introduced its latest product 'NaukriRecruiter Profile' for recruiters. If you are a HR professional, placement consultant, hiring manager or an entrepreneur who is responsible for hiring for their team – NaukriRecruiter is for you. With this you can make your search more effective and personalized, attract more responses from candidates, post jobs for free on your NaukriRecruiter profile, highlight your work by sharing positions you have closed in the past and showcase your expertise in the recruitment domain. To create a NaukriRecruiter profile, register with your personal Email-ID at http://www.naukri.com/tieups/tieups.php?othersrcp=16397. |
| | Source : 07-08-13 Naukri.com Compiled by Amresh Anjan |
| | US: Employment rises less than expected in July |
| | Non-farm payrolls (NFP) increased by 162K in July 2013, lower than market expectations of an increase of 185K. Meanwhile, total job addition for May was revised downwards 195K to 176K, while that for June was revised from 195K to 188K. With the latest print and the revisions, the monthly average for 2013 stood at 192K compared to 180K/ month average in the corresponding period last year. Private sector is still the leading contributor to total job gains; these increased at a moderate pace compared to the previous months. Meanwhile, total job addition in the government sector turned positive, providing some relief to concerns over the adverse impact of the sequester. |
| | Source : 08-08-13 ICICI Treasury Research Group Compiled by Amresh Anjan |
| | Hiring activity for India Inc moved up by 8% in July'13 as compared to June'13: Naukri JobSpeak Index |
| | The beginning of the 3rd quarter brought some good news for the Indian job seekers. The Naukri JobSpeak index at 1323 is 8% higher in July'13 when compared to June'13. On a year on year analysis, the index has moved up by 11% compared to what it was a year back. Amongst the top seven cities, Kolkata has topped the country with 16% increase in hiring in July'13 as compared to June'13. On a year on year basis Bangalore and Delhi-NCR have seen very high growth rates, July'13 has witnessed increase in hiring by 19% and 17% respectively over July'12. Pharma and Insurance are the top performing sectors this month with 24% and 18% increase in hiring compared to last month. |
| | Source : 07-08-13 Naukri.com Compiled by Amresh Anjan |
| | Social activist? You're in demand in the job market |
| | Participation in a recent candle march could help a person land a job. Companies have started evaluating a candidate's social responsibility activities when making hiring decisions. Companies such as Tata Group, Reliance Group, Max Bupa, RPG Group, HCL, Woodland and many others are looking for freshers who are socially active. For example, a job seeker's membership with Rotary Clubs, blood donation camps, People for Ethical Treatment of Animals (PETA), NGOs or participation at roadside plays or efforts to rescue Uttarakhand flood victims may help earn brownie points in the hiring process. This trend is a natural outcome of the "corporate sustainability" outlook that companies have now adopted, HR experts said. "We give significant consideration to the 'socially active' quotient of a job applicant once the applicant has met the qualifications for the job," said Mr. Amar Singhji, member of the management committee, Tata Capital. "With the corporate world moving towards more inclusive and sustainable growth, hiring patterns too have seen a similar change."At the entry level, where apart from academics there are not many achievements to highlight, resume writers are including a column to highlight candidate's participation in social activities."For instance, a candidate's participation in the Anna Hazare movement reflects his capability to raise his voice, to take decisions and work with a team," said Ms. Payal Dhar, associate vice-president of Resume writing at Naukri.com. "However, the trend is limited to entry-level job seekers only and is likely to get popular over the next couple of years." |
| | Source : 31-07-13 Hindustan Times Compiled by Amresh Anjan |
| | Mr. Rajeev Rishi is new CMD of Central Bank of India |
| | Mr. Rajeev Rishi, on Thursday, took over as the Chairman and Managing Director of Central Bank of India. Prior to the new assignment, Mr. Rishi was Executive Director of Indian Bank. Before joining Indian Bank, he was General Manager at Oriental Bank of Commerce. |
| | Source : 02-08-13 Hindustan Times Compiled by Amresh Anjan |
| | BPOs are booming |
| | While India's information technology (IT) companies have been struggling to claw out of a crisis in their prime US and European markets, their less fancied cousins in the BPO (business process outsourcing) industry have been growing at a healthy clip. Shrugging off concerns about being beaten by cheaper rivals from China and the Philippines, major pure-play BPO companies led by Genpact, EXL, WNS and EXL, listed in the US but with their operations in India, have swapped low-end voice work at call centres for services that involve industry expertise, which requires for higher skills and results in increased profit margins in the back-office service business. "We see strong demand in finance and accounting, insurance and analytics," said Mr. Rohit Kapoor, CEO of Noida-centred EXL Service. Social media, legal and healthcare services are among other areas that Indian firms are specialising in. "New jobs are created mostly in highly specialised domains. About 5% of today's BPO workforce is doctors while 15% are chartered accountants or certified public accountants," said Mr. Keshav Murugesh, CEO of WNS who heads industry association Nasscom's business process management council. He expects "mid-teen" growth for BPO firms. |
| | Source : 02-08-13 Hindustan Times Compiled by Amresh Anjan |
| | Delhi/NCR India's no. 1 job creator: says Assocham study |
| | Delhi-NCR region has created maximum number of jobs in the country during the first quarter of the current financial year, generating over 34,000 new jobs, an Assocham study said today. "Among top metro cities across the country, Delhi-NCR remained numero uno in new job generation with maximum share of over 27 per cent. Kolkata witnessed a 19 per cent surge in job creation followed by Bangalore with seven per cent," said the study. "A total of 1, 25,500 new jobs were generated across India during the first quarter of the current financial year," it added. However, Chennai witnessed a 21 per cent decline in creation of jobs during the first quarter mainly due to closure of small scale industries. "A total of over 8,000 new jobs were generated in the city during the first quarter of this financial year as against 10,200 jobs created during the corresponding period of previous year," the study Job Trends Across Cities and Sectors said. |
| | Source : 02-08-13 Financialexpress.com Compiled by Amresh Anjan |
| | 500,000 workers lose jobs as jewellers curb gold imports |
| | According to industry estimates, as many as 500,000 artisans, craftsmen and salesmen have lost their jobs since June. And if the trend continues, thousands more may join their ranks. "Due to the shortage of gold in the market, the fear of job loss looms large," said Mr. K Srinivasan, managing director, Emerald Jewel Industry India Ltd. "Over 50% of the workforce (approximately a million workers) could lose their jobs if the government's decision to discourage import continues," said Mr. Ashok Minawala of the All India Gems and Jewellery Trade Federation. Mr. Mrityunjay Sarangi, secretary, ministry of labour, refused to comment on the issue. Moreover, a large number of employees are employed in this industry on a contractual basis. According to the industry body, over 20 lakh goldsmiths engaged with the manufacturing units are sitting idle, though they are still employed on paper. These goldsmiths used to earn around Rs. 20,000 per month. |
| | Source : 02-08-13 Hindustan Times Compiled by Amresh Anjan |
| | IT Minister Mr. Kapil Sibal looking at generating jobs linked to Urdu |
| | Telecom and IT Minister Mr. Kapil Sibal on Saturday said that training institute, NEILIT, under his ministry is looking at generating jobs linked with Urdu language."We have started one more initiative to connect Urdu language with employment. We have started a new programme NEILIT. It will open 50 centres in India where Urdu speaking children will be given training on electronics hardware so that they get employment," Mr. Sibal said while launching Urdu Pedia and Urdu language software tools here. National Institute of Electronics and Information Technology (NIELIT) comes under Ministry of Communications and IT. The Minister added that the centre will start training 40 students and later more such centres will be set up. "We want proliferation of Urdu language on the internet like English. I want people to tweet in Urdu, use Urdu on Facebook. There is lot that we have to do for this language," Mr. Sibal said. |
| | Source : 03-08-13 Ibnlive.in.com Compiled by Amresh Anjan |
| | Aviva may exit India life insurance business |
| | Aviva Plc may pull out of its Indian insurance joint venture, valued at more than $500 million, as the British insurer retreats from less-profitable markets where it has struggled to expand people familiar with the matter said. Aviva, which aims to cut costs by £400 million ($611 million) by year-end, is in the process of hiring corporate advisors to find buyers for its 26% stake in Aviva Life, its venture with Dabur group. The insurer is considering various options, including selling its stake to Dabur group if it fails to find a foreign buyer, one of the sources said. The Dabur group owns personal care and food products manufacturer Dabur India Ltd. Aviva would be the third foreign insurer to quit India since 2012, stymied by regulations that restrict foreign ownership and fierce political opposition to changing those limits. Aviva declined to comment. Mr. Mohit Burman, a director of Aviva Life who represents Dabur group, was not immediately available for comment. The sources also declined to be identified due to the confidential nature of the matter. |
| | Source : 10-08-13 Livemint.com Compiled by Amresh Anjan |
| | Mr. Jeff Bezos, tech pioneer to turn media baron |
| | Mr. Jeff Bezos, founder of Amazon.com Inc and soon to be the new owner of the Washington Post, is one of the few chief executives in corporate America who refuse to bow to Wall Street's quarterly profit demands. Since starting Amazon in 1994, he has frequently upset investors by spending heavily on long-term investments, even if it means missing analysts' financial targets and sending the e-commerce giant's stock price plunging. Mr. Bezos' approach makes him well-suited to own a storied but deeply troubled newspaper business like the Washington Post. Away from the harsh glare of Wall Street, Post employees can expect an intense boss, but one who will likely not demand to see immediate financial returns from his $250 million acquisition. |
| | Source : 06-08-13 Business-standard.com Compiled by Amresh Anjan |
| | Slowdown bites: Tata Motors joins Maruti, M&M league, cuts staff |
| | With car and vehicle sales continuing to reel under a prolonged slump, not only have companies halted fresh hiring, but layoffs have become a reality as they resort to production cutbacks to reduce inventory. After Maruti Udyog and Mahindra & Mahindra laid-off contractual workers, now it is Tata Motors' turn. Between April and June this year, Tata Motors has fired around 1,208 employees at the Pantnagar plant, while other units at Sanand in Gujarat and Hubli in Karnataka have seen a decline in the employee headcount."Tata Motors has avoided blind replacement of superannuating employees and also done some adjustments in its requirement of temporary resources," a company spokesperson was quoted as saying. The company's performance in July too has been dismal. Tata Motors' total passenger vehicle sales in the domestic market stood at 10,824 units in July, down 58.75 percent from 26,240 units a year-ago. |
| | Source : 05-08-13 Firstpost.com Compiled by Amresh Anjan |
| | India second biggest recipient in Facebook's $1 mn bounty |
| | India, which has over 78 million Facebook users, is also second on the list of countries with the fastest-growing number of recipients of its Bug Bounty programme. A bug is an error or defect in software or hardware that causes a programme to malfunction. It often occurs due to conflicts in software when applications try to run in tandem. While bugs can cause software to crash or produce unexpected results, certain defects can be used to gain unauthorised access to systems. Facebook said it started the Bug Bounty programme a little more than two years ago to reward security researchers who report issues and to encourage people to help keep the site safe and secure. "The programme has been even more successful than we'd anticipated," Facebook said in a statement on its website. "We've paid out more than USD 1 million in bounties and have collaborated with researchers from all around the world to stamp out bugs in our products and in our infrastructure." The countries with the fastest-growing number of recipients are, in order, the US, India, Turkey, Israel, Canada, Germany, Pakistan, Egypt, Brazil, Sweden, and Russia," it noted. |
| | Source : 05-08-13 Moneycontrol.com Compiled by Amresh Anjan |
| | PCBs to be stripped of banking powers |
| | The 1,603 primary cooperative banks (PCBs) that at present function as the fulcrum of the cooperative movement in Kerala with a deposit base of around Rs.60,000 crore will soon be stripped of the authority to conduct banking operations. National Bank for Agriculture and Rural Development (NABARD) executive director Mr. V. Ramakrishna Rao issued a circular to the presidents and managing directors of all State cooperative banks, including the Kerala State Cooperative Bank (KSCB), on July 22 directing them to transfer the deposits mobilised by the PCBs to the District Cooperative Banks or the KSCB itself, thus taking away their authority for agriculture lending and accepting deposits. The assets of the PCBs that have arisen out of lending operations as well as the related liabilities will be transferred to the district banks. The PCBs will have to do other agriculture-related services such as marketing of agriculture inputs, hiring, and maintenance of agricultural tools and equipment, agri-clinics, procurement of farmers' produce, and other non-financial services. They will become facilitation centres for issuing Kisan Credit Cards to farmers for securing loans. The circular has been issued on the basis of the recommendations of the Prakash Bakshi committee constituted by the Reserve Bank of India (RBI) to streamline the functioning of credit cooperatives. |
| | Source : 02-08-13 Thehindu.com Compiled by Amresh Anjan |
| | US (BCM16) TCS hires 174 college grads in US |
| | The Country's largest software services firm Tata Consultancy Services (TCS) today said it has hired 174 college graduates this year in the US. This hiring is a continuation of TCS' efforts in adding STEM (Science, Technology, Engineering, and Mathematics) jobs to meet the demands of its global customers, TCS said in a statement. Over the past four years, TCS has recruited over 500 highly-skilled college graduates across the US, it added. These new recruits hail from 26 states plus the District of Columbia across 71 different universities. While 74 of the graduates joined in April and June, the remaining 100 newcomers ill join TCS in waves throughout the summer, it said. The new employees will undergo TCS' Initial Learning Programme, a 6-12 week long talent development training, at the company's Cincinnati facility. After the completion of training, 100 of the recruits will be based at the Cincinnati campus, which already has a workforce of over 600 employees. The remaining 74 will be working in various locations across the U.S to support the business growth in those markets. |
| | Source : 05-08-13 Indianexpress.com Compiled by Amresh Anjan |
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