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| Hiring outlook weakens on falling Re; bad days ahead: Experts |
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| Hiring outlook has weakened in most of the Asia Pacific region, particularly in India with the rupee falling against most currencies and experts are of the opinion that the worst is yet to come. The weakening economy, inflationary pressures and falling rupee has had a detrimental impact on the companies' bottom lines, thereby creating uncertainty amongst companies and adversely impacting their talent management strategies."While most companies will not consider a reduction in workforce, they will decrease their hiring efforts by growing internal talent. As a result, young job seekers are likely to find themselves in an unconducive employment market," Towers Watson India Talent & Rewards Director Mr. Subeer Bakshi said. Mr. Bakshi further added that most indices, research houses and experts believe that the worst is yet to come. Amidst this tough business environment, companies are adopting a cautious approach to recruitment. According to experts, campus hiring is likely to suffer and companies are now adopting new hiring models based on a mixture of campus hiring, just in time hiring, lateral and global hiring. |
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| Source : 02-09-13 Zeenews.india.com Compiled by Amresh Anjan |
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| Mr. Joe King to be Audi India head |
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| German luxury car maker Audi on Monday announced a top level management change in its Indian operations, with Mr. Joe King being appointed as the head effective from September 1, in place of Mr. Michael Perschke who is moving back to the headquarters in Germany. |
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| Source : 27-08-13 Hindustan Times Compiled by Amresh Anjan |
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| Tremors again in Infosys, high-flier Mr. Vemuri resigns |
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| In third high-profile exit in the last three months since co-founder Mr. Narayana Murthy's return as executive chairman at Infosys, board member Mr. Ashok Vemuri has quit the company. A veteran of 15 years in the software services giant, Mr. Vemuri was considered a potential CEO in the race to replace incumbent Mr. S.D. Shibulal in the beleaguered company struggling to retrieve its glory as peers moved ahead amid an economic crisis in its prime US market. Infosys said that Mr. Vemuri, who was also head of Americas and global head of manufacturing and engineering services business, had decided to leave Infosys, without giving reasons. He would stay on until September 12. "He has played a significant role in building the company's market leadership in the financial services and manufacturing verticals and in North America," Infosys said. Mr. Vemuri was the second highest paid employee in Infosys who earned $ 904,378 (about R5 crore as on March 31) in 2012-13. His resignation comes four days after the resignation of Mr. Sudhir Chaturvedi, vice-president and financial services head for Americas. Mr. Basab Pradhan, who was heading global sales and marketing, resigned in early June immediately after Mr. Murthy took charge. Among the insiders in the running for the CEO's job, Mr. BG Srinivas, who is heading Europe, seems to be the only one left. Mr. Murthy, who returned to executive role with his son Mr. Rohan Murthy as executive assistant, has initiated a revamp. Mr. Murthy has denied persistent speculation that his son was in the reckoning to be CEO. |
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| Source : 29-08-13 Hindustan Times Compiled by Amresh Anjan |
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| EPFO to launch online facility to view accounts |
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| Retirement fund manager EPFO is set to launch a facility to provide online updated account statements on real time basis for its 50 million-plus subscribers soon after the Monsoon session of Parliament. At present, the Employees' Provident Fund Organisation (EPFO) provides, by September, annual PF account slips showing account details in a financial year. Subscribers would now be able to see their accounts online, and take print outs. |
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| Source : 29-08-13 Hindustan Times Compiled by Amresh Anjan |
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| Out of Africa: Mr. Manoj Kohli back to head Airtel India ops |
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| Mr. Manoj Kohli, managing director and CEO (international) of Bharti Airtel, will relocate to India from the company's Africa headquarters in Nairobi. The company has appointed Mr. Christian de Faria, who will report to Mr. Kohli, as CEO of its Africa operations. Rumours were abound that Mr. Kohli may head both India and Africa operations, though the company did not confirm it. "While continuing to lead Airtel's international operations and providing governance oversight to Airtel Africa, Airtel Bangladesh and Airtel Sri Lanka, Mr. Kohli will also lead strategic issues," said a statement issued by Airtel. It added that Mr. De Faria will "immediately take charge of Anglophone operations and commence a comprehensive orientation encompassing Airtel Africa HQ functions, Francophone and Nigeria Regions," and will assume overall responsibility as CEO of Airtel Africa from January 1, 2014. Mr. De Faria, for the last seven years, was associated with MTN where he held senior leadership positions including group commercial officer for two years until Jan 2013. |
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| Source : 29-08-13 Hindustan Times Compiled by Amresh Anjan |
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| Strike hits production at JLR car plants in UK |
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| Production at Tata Motors-owned-Jaguar Land Rover (JLR) car plants in Britain was hit on Wednesday due to industrial action by supply chain workers over a pay dispute. Workers from the union Unite had voted in favour of 30-minute walkouts at the start of each shift. |
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| Source : 29-08-13 Hindustan Times Compiled by Amresh Anjan |
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| WNS appoints Mr. Sanjay Puria as CFO |
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| BPO major WNS has said it has appointed Mr. Sanjay Puria as its chief financial officer (CFO). Mr. Puria replaces Mr. Deepak Sogani, who has stepped down from his position for personal reasons. He had joined WNS in December last year. |
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| Source : 29-08-13 Indian Express Compiled by Amresh Anjan |
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| House panel bats for flexi-timings for women staff |
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| A parliamentary panel on Friday has called for flexi-timings for women to raise their numbers in the government and discourage them from kicking their jobs. The panel also told the government to ensure that women get their due promotions and have every case of a woman employee being superseded thoroughly examined. The recommendations — part of the panel's report on the status of women employees in the government tabled in Parliament on Friday — called the 10.04% share of women in government service "disheartening". The defence ministry, in contrast, has 11.77% women. The government has once rejected proposals for flexi-timings for women in 2008. The Parliamentary Standing Committee on Personnel headed by Mr. Shantaram Naik, however, wants the personnel department to look at the proposal afresh. But Mr. Naik recognised that the panel's recommendations might not be enough to persuade the government and acknowledged that the role of trade unions is crucial. |
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| Source : 30-08-13 Hindustan Times Compiled by Amresh Anjan |
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| Mr. Sushil Maroo replaces Mr. Naresh Nayyar as Essar Energy CEO |
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| London-listed and India-focussed Essar Energy announced the appointment of Mr. Sushil Maroo as chief executive officer in place of Mr. Naresh Nayyar, who was largely instrumental in shaping of the company. Mr. Nayyar, who decided to step down after more than three years at the helm, had led Essar Energy's much-talked about $350-million acquisition of UK's Stanlow refinery. He will, however, be appointed as a member of the Essar Corporate Centre, an oversight advisory committee. Mr. Maroo most recently served as a deputy managing director and was earlier on the board of Jindal Steel and Power Ltd. Company Chairman Mr. Prashant Ruia said Mr. Maroo has a strong track record of business operations and providing strategic and financial advice across a number of industries. |
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| Source : 30-08-13 Hindustan Times Compiled by Amresh Anjan |
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| ECB to double number of women in top positions |
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| The European Central Bank (ECB), under fire for being largely a men's club, plans to double the number of women in its top ranks, it announced in a statement. |
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| Source : 30-08-13 Hindustan Times Compiled by Amresh Anjan |
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| Shorter Workweek May Not Increase Well-Being |
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| Think a shorter workweek will make you happier? Maybe not, a new study suggests. South Korea changed its labor regulations in 2004, reducing the work week to five days a week and 40 hours from the previous six-day, 44-hour week, providing a natural experiment to test whether working fewer hours would increase happiness. Mr. Robert Rudolf, an assistant professor of economics at Korea University in Seoul, studied the period 1998 to 2008, when average working hours gradually declined by about 10 percent. His results appear online in The Journal of Happiness Studies. Using data from an annual survey of 5,000 Korean households, Dr. Rudolf analyzed overall job satisfaction and overall satisfaction with life before and after the changes in working hours. Using a five-point scale, ranging from very dissatisfied to very satisfied, he found that for both sexes, a reduction in hours had no effect on job or life satisfaction. |
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| Source : 31-08-13 The Indian Express Compiled by Amresh Anjan |
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| Bloomberg TV India may cut jobs; Outlook plans staff realignment |
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| Bloomberg TV India, the business news channel in which Bloomberg Lp has a stake, is likely to lay-off 30-40 employees across operations and editorial departments, as it looks to cut news gathering costs and focus on studio-based programming, said two company executives familiar with the development. The move comes in the wake of the Network 18 Group laying off around 400 employees, and other, smaller print media companies laying off some people too against the background of a slowing economy that has tightened advertising budgets even as it has increased operating costs. "The majority of employees in question belong to the camera crew departments in Delhi, Mumbai and bureaus across Ahmedabad, Kolkata. A few producers and reporters might be asked to go," said the first executive, speaking on condition of anonymity. The second executive, who also asked not to be identified, said 40 people would likely be asked to go. The news channel employs at least 165 people in India, including reporters, anchors, producers and technical staff. About a month ago, Bloomberg TV opted for a change in programming strategy with greater focus on recorded shows as opposed to live news coverage, said both the officials working for the channel. |
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| Source : 29-08-13 Livemint.com Compiled by Amresh Anjan |
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| Consumer court fines US travel company for making Indian pay tip, not other nationals |
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| The US-based travel agency, Cosmos, had introduced compulsory tipping for its group tours offered to Indians. However, the tips were neither compulsory nor these amounts pre-determined for customers of other nationalities. When pulled up by the consumer court, Cosmos defended its action by stating that without compulsory tips it was difficult to attract and retain talented staff. Their response was "condemned" by a three-member panel of the consumer forum, headed by Judge C K Chaturvedi. It held that tour operators could not transfer the cost of hiring talent to consumers of a certain nationality alone."The commercial considerations should remain secular and not morph into a nationality issue," the order read. The court on August 8 held that the practice of the travel agency was an act of "racial discrimination" against Indians, which in turn amounted to "deficiency of services" under Section 2(g) of the Consumer Protection Act, 1986. It directed Thomas Cook, the connecting travel agency, to record an apology on behalf of Cosmos and deposit punitive damages of Rs 25,000. |
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| Source : 26-08-13 Indianexpress.com Compiled by Amresh Anjan |
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| Facing international safety audits, DGCA goes on hiring spree |
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| Being pulled up for slack monitoring of aviation safety, the Directorate General of Civil Aviation (DGCA) is fast-tracking hiring for crucial posts as it faces safety audits from international bodies. With a team from the International Civil Aviation Organisation (ICAO) already in India and the US Federal Aviation Authority (FAA) audit next month, the DGCA is on a hiring spree, looking for airworthy officers, flight operation inspectors for aircraft and helicopters, and administrative officers. The decision to fast-track the appointments come after the ICAO pulled up DGCA in its last safety audit in late 2012. Since then, the DGCA invited applications for 201 vacancies in January but only half of them were filled up till late July. The DGCA has a sanctioned staff strength of 574 officials, but currently has only 421. "We are completing the process of hiring people for the remaining positions and will also put out advertisements for fresh applications for 15-20 posts," a senior DGCA official said. "The process should be complete in the next week or two." |
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| Source : 23-08-13 Financialexpress.com Compiled by Amresh Anjan |
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