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| IBM continues to be the preferred choice at B.E. / B. Tech Campuses: says Firstnaukri.com Employer Preference Survey |
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| Firstnaukri.com, the leading portal for campus hiring has come out with an Employer Preference Survey for the year 2013. The survey was administered to students across various campuses throughout the country and was carried out to recognize the strength of employer brands on campuses. It broadened its platform this year by reaching out to a larger no. of participants across B.E/ B. Tech in IT, Mechanical, Civil, Electrical, BBA, BCA, B.Sc, non-IT engineers, finance and computer science graduates & postgraduates. The B.E/ B. Tech IT students continue to prefer IBM as the most preferred brand. TCS is a close second choice followed by Infosys at third position among the top employers choice for IT engineers this year. When we look at Non-IT engineers for courses like civil, mechanical, production, electrical etc, DRDO and L&T are the most preferred brands followed by Tata Motors & Tata Steel. While Maruti Udyog has been able to improve its position in placements, NTPC & IOCL have gone down in the wish list of students from last year. If this trend continues, public sector undertakings might be soon losing out on campus talent. Among MBA, MCA and M.E post graduates, Coco-Cola and Bharti Airtel have emerged as the most promising employers followed by Pepsi & Samsung. Among finance graduates and post graduates, banking recruiters have come strong with an equal preference cited for both HDFC Bank and ICICI Bank among the students followed by Standard Chartered & CitiBank. |
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| Source : 10-08-13 Naukri.com Compiled by Amresh Anjan |
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| Mr. Raghuram Rajan: the new man at the helm of RBI |
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| Chief economic adviser Mr. Raghuram G Rajan, a former International Monetary Fund (IMF) chief economist and Chicago University professor famed for his perceptive warnings about the global financial crisis of 2008, is set to take over as the new Reserve Bank of India (RBI) governor ending weeks of speculation amid looming economic uncertainties. Official sources confirmed that the government has cleared Mr. Rajan's appointment as the next RBI governor. He will take over on September 5. Mr. Rajan (50), a PhD from Massachusetts Institute of Technology, has done pioneering work in the areas of banking, corporate finance, and economic development, especially the role finance plays in it. He will take over at a time when policy makers are grappling for options to reverse the deceleration in India's economy -- the worst in a decade -- hit by crippling industrial slowdown and a sliding rupee. |
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| Source : 06-08-13 Hindustantimes.com Compiled by Amresh Anjan |
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| Infosys, sued for US hiring bias, denies charge |
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| IT major Infosys has dismissed allegations that it turned down an American applicant because of her nationality — that she is not South Asian. Ms. Brenda Koehler filed a class action suit in a US court on August 1 saying she had applied for the position of lead IT administrator in April 2012, which went to a person of Bangladeshi origin. She alleged the company, which has a substantial presence in the US, discriminates against non-South Asians. "Infosys is an equal opportunity employer. We categorically deny Ms. Koehler's claims," the company said in a statement emailed to Reuters. "We look forward to addressing this matter in court, not in public venues where facts can become mixed with rumour, opinion and speculation." The perception in the US is that Infosys and other major Indian IT firms such as TCS and Wipro prefer cheaper workers brought from India on H-1B visas. The companies, however, claim the share of local hires has been increasing steadily but have refused to share supporting data. An immigration reforms Bill passed recently by the Senate targets them seeking to significantly curb their ability to continue hiring H-1B workers. |
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| Source : 07-08-13 ndustantimes.com Compiled by Amresh Anjan |
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| Firstsource to eliminate non-profitable clients |
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| BPO firm Firstsource Solutions said it was looking at strengthening its revenues this year by eliminating non-profitable clients. The company, which posted 41.6% jump in net profit at R41.04 crore for the June quarter, is looking at increasing margins. |
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| Source : 07-08-13 Hindustantimes.com Compiled by Amresh Anjan |
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| Now, get paid leave if you adopt a child |
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| If you adopt a child, chances are that your employer will give you the same benefits - like paid leave, etc. — that you would have been entitled to for a biological child. Welcome to a more sensitive world of Indian employers, where companies are treating adopted children at par with biological babies. Both parents are given paid leave for the initial care of adopted children. The trend, which was more popular in the government services, is now standard HR policy at the Tata Group, Reliance Industries, Britannia Industries, RPG Group, Godrej and many others."We allow the primary caretaker, regardless of gender, up to eight weeks of full paid leave in cases of child adoption," said Mr. Manoj Biswas, head, human resources, Accenture India, which has implemented the leave provision this year. The average leave varies from eight to 16 weeks, depending on the individual case. Most importantly, companies treat such leaves as 'confidential'. "The adoption leave request is treated very confidentially as we don't let other employees or officials know the purpose of leave," said Mr. S Varadarajan, executive president, human resources, Tata Teleservices. Companies are trying to innovate and go beyond the mere paid leave provision by offering various monetary benefits for adoption cases. |
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| Source : 06-08-13 Hindustantimes.com Compiled by Amresh Anjan |
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| IT HIRING COULD COME DOWN BY 17%: NASSCOM |
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| Rising automation and low attrition in IT sector may act as a dampener for job seekers with industry body Nasscom expecting hiring to decline by up to 17% to 1, 50,000 in the current fiscal. The $108-billion Indian IT-ITeS sector provides employment to about 3 million professionals. |
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| Source : 06-08-13 Hindustantimes.com Compiled by Amresh Anjan |
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| Tata Motors to create 1,000 jobs at JLR plant in UK |
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| Tata Motors-owned Jaguar Land Rover (JLR) is considering a major expansion plan at its UK factory which could create as many as 1,000 jobs. The company has singled out its Halewood factory in Merseyside, Northwest England, for the latest investment injection as a result of rising demand for the Range Rover Evoque, as well as a rollout of new models. JLR Chief Executive Mr. Ralf Speth plans to launch 40 new models in the next five years and aims to double car sales to 750,000 by 2015. |
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| Source : 12-08-13 Business-standard.com Compiled by Amresh Anjan |
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| Job-hunting? Flexi-staffing may be your saviour |
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| With jobs hard to come by, entry-level job seekers with bachelor's degrees are moving into the flexi-staffing industry, a segment that hires on a project basis for a temporary period. According to the Indian Staffing Federation (ISF), the apex body of flexi-staffing industry in India that represents 400,000 flexi-workers, growing unemployment has made flexi-staffing an important employment opportunity for young job-seekers with degrees in arts, science and commerce. "They are earning as low as Rs. 6,500 per month against a minimum of Rs. 10,000 earned by non-graduates with acquired skills," said Ms. Rituparna Chakraborty, vice-president, ISF. Today, those having general degrees account for the largest share (54%) of the flexi-staffing market, followed by people who have completed high school, and by diploma holders. |
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| Source : 11-08-13 Hindustantimes.com Compiled by Amresh Anjan |
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| Hiring slump in auto sector just a temporary phase: Experts |
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| The automobile industry may be seeing a freeze in hiring activity and some firms even resorting to layoffs, but experts believe that all this is just a temporary phase and a revival in recruitments will occur as soon as the economy is back on a high-growth path. According to industry body SIAM, car sales in India fell for a record eighth month in row in June with a dip of 9 per cent as economic slowdown and poor consumer sentiment continued to hit demand. However, experts are of the opinion that this is a "temporary phase" and the growth story of Indian automobile is "still intact". TeamLease Services General Manager Mr. Hussain Tinwala said: "It has an impact on the economy leaving many people unemployed but this is a temporary phase.""The growth story of Indian automobile remains intact." Mr. Tinwala further added that "India's automobile Industry is also dependent on other factors like infrastructure or financing rates. |
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| Source : 11-08-13 Indianexpress.com Compiled by Amresh Anjan |
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| How PSUs are attracting talent to remain competitive |
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| State-run Coal India Ltd (CIL) and Steel Authority of India Ltd (SAIL), among the biggest employers in the country, are hiring aggressively once again after a decade of workforce reductions and re-inventing their human resource management strategies to retain talent as they prepare for tougher competition. There was a time when students graduating from top colleges would prefer to join the private sector rather than take up a job at one of these public sector companies, largely because of more attractive starting salaries. But that has changed and cash-rich public sector units are offering salaries on par with their private sector counterparts, who have been on a cost-cutting spree in the face of an economic downturn. CIL, which has one of the largest number of employees in India at 357,354 persons, is hiring around 5,000 people a year. Another state-run firm with a large workforce of 101,878 persons, SAIL is adding 2,450 people to its workforce each year. |
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| Source : 06-08-13 Livemint.com Compiled by Amresh Anjan |
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| AirAsia held travel expo to recruit cabin crew at Madras Market Fair |
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| AirAsia will hold a travel fair and cabin crew recruitment during the Madras Market Fair in Chennai. The Malaysian low-cost airline was the title sponsor of the Madras Market Fair Season II held at Wesley Grounds on August 10 and 11. Visitors to the fair were also able to avail of a 20 per cent discount on select AirAsia flights to Malaysia and Thailand, a press release from the airline said. AirAsia India held walk-in interviews for flight attendants on August 10 at the fair venue. The shortlisted candidates were called on the next day to the same venue, the release said. |
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| Source : 09-08-13 Thehindubusinessline.com Compiled by Amresh Anjan |
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| Cadbury to invest Rs.1, 000 crore |
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| Chocolate maker Cadbury India, on Wednesday, said it would invest Rs.1, 000 crore to set up the first phase of its largest manufacturing plant in Asia Pacific that would come up in southern India. Commenting on the investment, Mr. Anand Kripalu, President, India and South Asia, Mondelçz International, said, "India is one of the priority emerging markets for Mondelçz International. This investment will build on our success in India till date and ensure long-term business sustainability."The multi-category food campus, which will also be the largest chocolate manufacturing plant in India, is expected to create close to 1,600 direct jobs by 2020. The project will be developed in four phases. The first phase is expected to be completed by mid-2015 and final completion is scheduled by 2020. Mr. Ravindra Sannareddy, Managing Director, Sri City, said, "This significant investment establishes Sri City as a destination of choice for the FMCG and food industry. The location and infrastructure is well suited to meet the demanding requirements of the industry." |
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| Source : 07-08-13 Thehindu.com Compiled by Amresh Anjan |
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| Airports Authority of India raises bond to Rs 5 lakh for new recruits |
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| Faced with high attrition in its key areas of air traffic management, a harried Airports Authority of India (AAI) has decided to make new recruits sign up to Rs 5-lakh bonds to stem the exodus of mid-level executives. According to a circular, the AAI has decided to make it mandatory for the new executives from two crucial areas - air traffic management (ATM) and communication, navigation and surveillance (CNS) - to sign a bond of up to Rs 5 lakh while joining the Government organisation which they will have to shell out if they leave the job after one year. "To discourage the attrition of qualified and trained manpower in two critical disciplines (CNS and ATM), it has been decided that the recovery of the bond amount on resignation of junior executives will be made with immediate effect," an AAI circular dated July 17 said. |
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| Source : 06-08-13 Indianexpress.com Compiled by Amresh Anjan |
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| Generate five lakh jobs in five years: says chief minister Mr. Omar Abdullah Omar to departments |
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| Praising the government schemes for raising two lakh job opportunities, chief minister Mr. Omar Abdullah said the target of employment for five lakh youth in five years should be achieved by the departments concerned. Taking stock of the government's flagship employment generation scheme, Sher-i-Kashmir Employment and Welfare Programme for Youth (SKEWPY), the chief minister praised it for generating jobs for two lakh youth so far. According to official figures, six lakh unemployed youth are registered with the employment exchange in Jammu and Kashmir. A government spokesman said the chief minister took stock of the SKEWPY initiatives under implementation to ensure comprehensive employment generation and welfare of the youth. |
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| Source : 07-08-13 Hindustantimes.com Compiled by Amresh Anjan |
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| Tech Mahindra launches job search platform in UP |
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| IT major Tech Mahindra launched its mobile job search platform 'Saral Rozgar' in Uttar Pradesh. The low-cost mobile consumer service is aimed at creating an organised, common pool of jobs and job providers in India. The platform has already clocked registration of about a million job seekers across India in the past one year, Tech Mahindra, vice president, Mr. Vivek Chandok said here. It also has on board over 5,000 employers located in 800 cities. The company has tied up with three cell phone service providers viz. Airtel, Uninor and Tata for rolling out the service. Job seekers can access the service through a voice call from their mobile phone by dialling a number. Thereby, they are registered and later get job updates on their mobile phones through SMS and voice calls. |
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| Source : 06-08-13 Business-standard.com Compiled by Amresh Anjan |
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