|
| Hiring Marginally Up 1% in Nov'13 over Oct'13: Naukri Job Speak Index |
|
| The Naukri Job Speak Index for the month of November 2013 was at 1,300 showing a 1% growth in hiring, when compared to October'13. Annual comparison shows that hiring activity has witnessed a 16% increase in Nov'13 as compared to Nov'12. Industry wise hiring sentiment was positive but weak in Nov'13 except in IT-Software which has seen an upward trend with the index moving up by 10% in Nov'13 when compared to Oct'13. Sectors like Insurance and Telecom saw double digit decline with the index moving down by 29% and 17% respectively in the same period. Among the top metros, Kolkata has shown the maximum increase in hiring with the index moving up by 14% in Nov'13 when compared to Oct'13. |
|
| Source : 10-12-13 Naukri.com Compiled by Amresh Anjan |
|
| Bharti Group IT Director Mr. Jai Menon quits |
|
| Mr. Jai Menon, Bharti Group's Director for Innovation and IT has quit amidst reports of alleged violation of the company's code of conduct. While the company said he "exited" without giving any reasons, Mr. Jai Menon said he has quit to pursue research and innovation in technology from January. Mr. Jai Menon, who was also the Group CIO across all businesses, joined Bharti in 2002 as Corporate Director and has been credited with the launch of Airtel's enterprise business. |
|
| Source : 07-12-13 Financialexpress.com Compiled by Amresh Anjan |
|
| Mr. Prasoon Sharma appointed by ZTE Corporation |
|
| Provider of telecom equipment and network solutions, ZTE Corporation, has appointed Mr. Prasoon Sharma as the deputy director- India& South Asia, ZTE Soft India. |
|
| Source : 06-12-13 The Indian Express Compiled by Amresh Anjan |
|
| Google still favourite: 2 IITians say 'No, thanks!' to Oracle's crore+ pay |
|
| Contrary to popular belief, money is not top priority at India's top engineering colleges. Two IIT graduates from IIT Kanpur have rejected US-based tech major Oracle's Rs 1.31 crore ($210,000) offer and may have settled for Google, which offered Rs 68.34 lakh ($110,000), or Tower Research Capital, a US-based financial services firm, which offered a package of Rs 74.55 lakh ($120,000). "These students are mature; they know money does not reflect everything," the report quoted a placement team member as saying. Moreover, if you look at the salary package closely, Oracle was only offering $110,000 as the base pay while the rest was performance-based. |
|
| Source : 03-12-13 Firstpost.com Compiled by Amresh Anjan |
|
| NIFT joint director shifted after sexual harassment charges |
|
| Several undergraduate and postgraduate students and some staffers at the National Institute of Fashion Technology's Bhopal centre have accused joint director Mr. Vasant Kothari of sexual harassment. The 36-year-old has since been transferred to NIFT's Jodhpur centre after an internal committee found that allegations that he engaged in lewd behaviour and passed sexually suggestive comments were prima facie correct. The students alleged that Mr. Kothari, who besides handling administrative affairs was also a lecturer, often called them to his chamber and then made indecent gestures and engaged in explicit talk. Almost 75 per cent of the 270 students of UG and PG courses at the centre are girls. So far, no FIR has been filed by the complainants or the institute. |
|
| Source : 05-12-13 The Indian Express Compiled by Amresh Anjan |
|
| New Naukri app is a hit with job seekers |
|
| Be it to apply for jobs on-the-go or to save your resume in your phone, Naukri.com's new app has taken the Android store by storm. The app, which comes with over 2 lakh job listings, has been downloaded nearly 3 lakh times within a month of its launch. Elaborating on the app, Mr. Vibhore Sharma, CTO, Naukri said, "Two lakh plus downloads is an important milestone for us. It clearly demonstrates that this app has filled the need for a job seeker to hunt and apply for jobs even when he/she is away from a computer. It is also testimony to the emergence of the mobile technology era, in fact- 23 per cent of job seekers visit Naukri.com from their mobile phones itself. A lot of companies today have a prohibition on recruitment sites in their offices and this app circumvents this problem by letting job seekers obtain access to jobs through their mobile phones. Professionals are now just a touch away from their new jobs." |
|
| Source : 05-12-13 Indiatoday.intoday.in Compiled by Amresh Anjan |
|
| EADS to cut 5,800 jobs in Europe in restructuring |
|
| European aerospace giant EADS, the maker of Airbus aircraft, announced plans Monday to cut 5,800 jobs in its defence and space division over three years. The layoffs, part of a major restructuring in the face of falling orders, will affect the group`s workforce in Germany, France, Spain and Britain, the company said in a statement. The news came after a meeting of its European works council with chief executive Tom Enders, whose bold plan to merge the conglomerate with Britain`s defence group BAE Systems was torpedoed last year with a surprise veto by Germany."We need to improve our competitiveness in defence and space -- and we need to do it now," Enders said, according to the statement. |
|
| Source : 10-12-13 Zeenews.india.com Compiled by Amresh Anjan |
|
| US unemployment rate hits 5-year low, all eyes now on Fed |
|
| US employers hired more workers than expected in November and the jobless rate fell to a five-year low of 7.0%, which could fan speculation the Federal Reserve could start reducing its bond purchases this month. Non-farm payrolls increased by 203,000 new jobs last month, the Labor Department said on Friday. The unemployment rate dropped three-tenths of a percentage point to its lowest level since November 2008 as some federal workers who were counted as jobless in October returned to work after a 16-day partial shutdown of the government. |
|
| Source : 07-12-13 The Indian Express Compiled by Amresh Anjan |
|
| India most desired place for bank BPOs |
|
| Attracted by a vast talent pool of business graduates, more than half of the world's top 40 banks have set up shop in India to run their back-office operations that may generate nearly 25,000 jobs in the coming time, an HR consultancy has said. According to Randstad India, close to 25 of the world's top 40 banks, from countries like US, UK, Switzerland, Germany and France, have set up their back offices in India with a few more global banks expected to open such offices in 2014."When compared to other sectors, banking and financial services industry has been the major driver of back office operations in India in the last decade," Randstad India and Srilanka CEO Mr. Moorthy K Uppulari said. While initially these banks leveraged back offices to manage their automated business processes and client service requests, in the recent years, the focus has been expanding to areas of finance and accounting, procurement services, and knowledge services, Mr. Uppulari added. As per the HR firm, India has emerged as the 'most desired destination' for banking office operations for global MNCs owing to large number of qualified graduates in business and finance. |
|
| Source : 09-12-13 Thehindubusinessline.com Compiled by Amresh Anjan |
|
| 6000 jobs on TCS Rajarhat first list |
|
| TCS, India's biggest IT firm, will commission the first phase of its new campus in Rajarhat within the next three months and hire 6,000 professionals. "Our investment in Rajarhat is on track. We will have the first phase commencing its first operations by March 2014. Initially, what comes out in March will be a smaller version and two to three months later, the rest will come up. We will hire 6,000 in the first phase," said Mr. Ajoyendra Mukherjee, executive vice-president and global head (human resources), TCS. |
|
| Source : 06-12-13 Telegraphindia.com Compiled by Amresh Anjan |
|
| IIT graduates make a beeline for jobs outside their core |
|
| Not all engineering students wish to do engineering throughout their life, not even IITians. Four out of 10 students are taking up jobs which are unrelated to their core subject. Instead of the manufacturing sector, a majority of techies are choosing diverse fields like consultancy, e-commerce, software and others. The reason: Core engineering jobs offer lesser packages as compared to some other fields. Moreover, postings in core engineering jobs or the manufacturing sector are mainly in smaller cities while consultancy, e-commerce, IT and online ventures offer jobs in metros. As a majority of these firms require less capital, they offer better career growth to the talented candidates. Out of 1,600 undergraduate and postgraduate students registered for campus placement this year at IIT Bombay, approximately 1,000 want to go for core engineering. "These jobs also offer a certain lifestyle, better exposure, contacts and robust growth in career," said a final-year chemical engineering student of IIT-Delhi. Mr. Avijit Chatterjee, professor-in-charge of placement at IIT Bombay, admits, "Besides the attraction of a better package, students who wish to start their own firms in two-three years usually prefer these jobs which offer a different set of skills and challenges." |
|
| Source : 09-12-13 Dnaindia.com Compiled by Amresh Anjan |
|
| Six-Day Work Week May Soon Be a Thing Of The Past: Staffing Experts |
|
| Lack of time to attend to personal matters, exponential stress levels and little recovery time between work weeks are cited as the main reasons that are fuelling this trend in the country. Mr. Moorthy K Uppaluri, CEO, Randstad India says, "We see that there is an increasing demand for 'five-day week jobs' from women and mature employees, that is, those employees in middle and senior level management (aged between 35 and 65). Our research studies indicate that mature employees accord greater value to work-life balance as compared to younger employees." He further added that, "Due to heavy workload and associated stress, we find more and more candidates looking out for those jobs that are not only meaningful and challenging but also allow them to pursue other areas of interest outside of work." |
|
| Source : 09-12-13 Jobs.siliconindia.com Compiled by Amresh Anjan |
|
| Corporate India on ego trip at IIT campuses |
|
| Many IITs (Indian Institutes of Technology) launched a "graveyard" slot this year on the opening day of the placement season. While the official kick-off date was December 1, many began the process right after November 30 midnight. The rush among companies to offer jobs to some of India's best and brightest students played only a small role in the decision to start placements at such an unearthly hour. The main reason was the ego trip of companies — everyone wanted to be invited to the campus on the first day itself. Since accommodating everybody on day one is impossible, the IIT placement committees chose the best solution: Extend "day one" itself by 12 hours. But even that didn't solve the issue fully. Many IITs said, miffed with not being given day-one slots, some companies either backed out of the placement process or lowered the hiring commitments made earlier. |
|
| Source : 07-12-13 Business-standard.com Compiled by Amresh Anjan |
|
| Start-ups lead the hiring boom |
|
| Indian start-ups are fuelling the campus hiring boom again. Does this indicate an upturn in corporate fortunes? E-commerce Company Flipkart.com has topped the hiring charts at the Indian Institutes of Technology (IITs) this year. This is one sign that there is an increase in recognition and respectability for risk taking that did not exist in India previously. New hires will benefit from getting their feet wet in a start-up environment with growth opportunities that staid companies such as Infosys Ltd simply cannot match. Smart, enthusiastic and connected, today's IIT's graduates appear to be increasingly willing to forfeit stability to reach new heights. Investors have infused millions of dollars in Indian start-ups like Flipkart and Zomato recently, recognizing the growth potential for online ventures in an increasingly connected country. Start-ups breed start-ups by creating serial entrepreneurs who are key drivers of new businesses. Taking risks, absorbing failures and starting over become easier with cash on hand from past successes, contacts and experiences. |
|
| Source : 05-12-13 Livemint.com Compiled by Amresh Anjan |
|
| Growth is back in IT industry, says Cognizant vice chairman |
|
| Nasdaq-listed IT services company Cognizant said that growth is back in the sector, and deriving confidence from the same the company expects it would meet its annual revenue guidance for the full year."For the first two quarters of the year, things appeared to have turned around for the industry. We are of course doing well ... in fact we are doing better than what we had expected in the beginning of the year," Mr. Lakshmi Narayanan, vice chairman of Cognizant said on the sidelines of Infocom 2013. "So we do believe that growth is back and remain confident for the rest of the year," he added. Mr. Narayanan also said that the company would look to step up hiring in the US. Like most of its Indian peers, Cognizant uses India extensively for offshore delivery. The company employs over 166,400 globally of which around 75% are based out of its delivery centres spread across 10 locations in India. |
|
| Source : 05-12-13 Business-standard.com Compiled by Amresh Anjan |
|
