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Naukri Launches IT and Aptitude Certifications |
| Recruiters are often found dealing with the challenge of hiring best fit for their company. At times, resumes and cover letters do not give you a clear picture of the candidate's skill sets required for the job. To cater to this need and help recruiters hire better and reduce hiring costs, Naukri.com has launched a product called Naukri Certifications. It is an excellent tool to test candidate's skill sets, assess their knowledge and thus improve the quality of hiring. The programme offers an array of certifications to jobseekers to suit their skills and strengths and in turn assist recruiters in their skill based search for potential candidates. The IT certification lists over 140 tests to match the different skill sets available in the countries most diverse and mammoth IT sector. Also there are general aptitude tests to help recruiters test the logical reasoning and quantitative capabilities for any kind of job profile that they are recruiting for. |
| Source : 21-09-12 Naukri.com Compiled by Amresh Anjan |
| RBS To Cut 3800 Jobs By 2013 |
| Royal Bank of Scotland has increased its target for job cuts at its investment banking business to 3,800 by the end of 2013, 300 more than previously anticipated. RBS has abandoned ambitions to be a top global investment bank, bowing to government pressure to exit riskier operations and prepare for tougher international regulations. A recent study said up to 15 percent of the 500,000 jobs in investment banking around the world could disappear in the next five years due to the euro zone crisis and stiffer regulation. |
| Source : 24-09-12 Reuters.com Compiled by Amresh Anjan |
| FDI Can Open Up Jobs In Retail And Aviation Sectors: Experts |
| Irrespective of the political furore over entry of foreign direct investment (FDI) into the retail and aviation sectors, the impact on the organised job market is likely to be highly positive, say experts.FDI will spur more investments, lead to expansion and mergers and acquisitions, and change ownership in retail and aviation. All this will ultimately create more jobs, they said.Aditya Narayan Mishra, president - staffing, Randstad India, an HR services firm, said it is not possible to cite a precise figure for the number of jobs that FDI in these sectors will create. But hiring will happen at a faster pace, he said. Randstad estimates that the consumer retail sector will add over 54,000 jobs this year, while aviation will give direct and indirect employment to 1.7 million people. |
| Source : 20-09-12 DNA Compiled by Amresh Anjan |
| BSNL To Hire 162 Deputy General Managers |
| State-run telecom company BSNL has called applications for filling up 162 vacancies at the Deputy General Manager level."BSNL will recruit 106 DGMs in BSNL Telecom Operations and 56 DGMs in Telecom Finance through an online written test," BSNL Chairman and Managing Director R. K. Upadhyay said.BSNL is recruiting though a written test on an all-India basis on January 20 next year which will be followed by personal interviews, according to the BSNL Web site. The last date to apply is October 17, 2012. |
| Source : 23-09-12 Hindu Business Line Compiled by Amresh Anjan |
| Contract Workers Buck Trend, Enter Unions |
| Contract workers are now being allowed to form unions, thus tossing aside the notion that they are exploited. Contract workers at some Coca-Cola, Allied Nippon and Mother Dairy facilities, for instance, are now union members. The Coca-Cola management is currently in talks with the Centre of Indian Trade Unions on various demands made on behalf of contract workers in its Dasna facility in Ghaziabad, Uttar Pradesh. The facility employs 300 regular workers and 500 contract workers. The Coke management is considering their demand to regularise the contract workers or offer them working conditions at par with regular workers. The contract workers have already won a victory regarding the canteen where the workers ate. There were three canteens for different categories of workers earlier. Following union protest, there is a single canteen for all now. |
| Source : 23-09-12 Business Standard Compiled by Amresh Anjan |
| Attrition In Bangalore Second Highest Worldwide |
| A survey by Zinnov found that attrition levels in Bangalore were among the highest globally. India's tech hub ranked next only to Shanghai, particularly in the IT sector. Other cities where the trend was noted are Mexico City, Budapest, Moscow and Silicon Valley. The study said a major reason for employees quitting was the limited scope for growth. Compensation issues, monotony in the job and bad managers were among other reasons. Some 35 percent of the respondents wanted to quit because of monotonous work, and 25 percent because of bad managers. Apart from its adverse impact on work, attrition also leads to huge financial losses for firms. An employee's absence costs a company a loss of about 80 percent of the person's salary. It takes up to six months to fill positions that fall vacant. |
| Source : 24-09-12 Business Standard Compiled by Amresh Anjan |
| Database On Services Sector In The Offing |
| The services sector will now have a database of its own. The Annual Survey of Services (ASS) will cover the period 2013-14, according to the Ministry of Statistics and Programme Implementation. The data will be available in 2016. Based on the 2012 economic census, the ASS will provide basic data on the number of enterprises and people employed in them. It will cover about 240 million households and between 40 million and 52 million enterprises, including mom-and-pop stores and businesses run from home. The data will cover all factories that employ 10 or more workers using power, and those employing 20 or more workers without using power. This is the first official attempt to collect and release services data. The HSBC purchasing managers' index, currently the only measure for the sector in India, comprises about 500 private companies. |
| Source : 24-09-12 Business Standard Compiled by Amresh Anjan |
| Maruti Suzuki CEO's Pay Among Lowest For Pvt Sensex Firms |
| Maruti Suzuki India Managing Director and CEO Shinzo Nakanishi's remuneration is amongst the lowest compared to other chiefs of private sector firms that form the part of BSE 30-stock benchmark, Sensex. Mr. Nakanishi had a total pay package of Rs 2.8 crore last fiscal ended March 31, 2012, slightly higher than Rs 2.4 crore in the previous year, as per Maruti Suzuki's latest annual report for 2011-12. Among the 30 Sensex companies, those with a lower remuneration mostly included public sector companies, as also some IT firms like Infosys ' SD Shibulal and Wipro's Azim Premji. At another private sector firm Tata Power, there was a change at the position of Managing Director mid-way during the year and therefore the figures are not comparable. Among Sensex firms, the pay package was highest at Rs 73.42 crore for Jindal Steel & Power'schief Naveen Jindal, making him the country's highest-paid executive as well for second consecutive year in 2011-12. |
| Source : 24-09-12 NDTVprofit Compiled by Amresh Anjan |
| Relax Visa Rules For Skilled Staff, Says UK Think-Tank |
| A leading think-tank, considered close to the ruling Conservative party, wants the David Cameron government to relax immigration rules to make it easier for digital companies to recruit highly skilled staff from anywhere in the word. In a report titled 'Bits and Billions', the London-based Policy Exchange said the UK has enormous potential to be a world-leader in the high-tech and digital economy, but that it is tough for start-ups to find enough coders, designers and other highly skilled staff. The study wants UK policymakers to learn lessons from the United States, especially California which is home to nearly half of the top 100 digital start-ups in the world, and relax immigration rules. One of its major recommendations is to reinstate the two-year post-study visa that enabled students from India and other non-EU countries to work for two years after completing their courses. |
| Source : 23-09-12 NDTVprofit Compiled by Amresh Anjan |
| IT Steps Beyond Borders To Groom Talent |
| IT firms with a global footprint are taking steps to extend their talent initiatives to countries where they operate. Companies such as Tata Consultancy Services (TCS) and Wipro have recently launched programmes looking to nurture talent across geographies. TCS said it will support the Study India Programme (SIP) 2012, a U.K.-India Education and Research Initiative. SIP has been developed to meet the requirement of essential employability skills which businesses seek in building a top-notch workforce as global competition gets fiercer. It will include a week-long placement of U.K. students with TCS or other Tata group firms in India offering insights into business. Similarly, Wipro has joined hands with University of Massachusetts Boston for a 12-month fellowship programme in the U.S. involving 120 science school teachers being trained to promote excellence among students from disadvantaged areas of Boston and New York. |
| Source : 16-09-12 Business Standard Compiled by Amresh Anjan |
| 72% Global Companies Find It Hard To Attract Talent |
| At least 72 per cent companies worldwide have admitted that finding skilled workers is a major problem, a new survey has found.In a survey of 1,605 companies worldwide, including 278 in the United States, 72 per cent companies said they have a hard time attracting workers who have the required critical skills to fill their job openings.Companies also face a challenge in attracting high potential and top-performing workers, the survey led by WorldatWork, an association of human resources professionals found.Sixty per cent of employers said that they had problems attracting high potential employees while 59 per cent said they had problems attracting top-performing employees. Attracting skilled workers is not the only challenge but companies are also facing problems retaining their employees.More than half of the respondents from companies around the world said that retaining workers was a challenge for their business. |
| Source : 23-09-12 Business Standard Compiled by Amresh Anjan |
| Hiring For Potential Can Pay Rich Dividends |
| Football coach and management teacher Rasmus Ankersen says companies tend to overlook potential high performers in their quest for top-dollar talent. Mr. Ankersen says firms are desperate to snap up promising future superstars, but there could be a mismatch between their aspirations and the skills necessary for the job. That arises from over-emphasis on current performance and ignoring what one may be capable of achieving. Playing safe, managements go for people with the best qualifications, but these are also the most expensive. The top management must be capable of spotting people with a drive and encouraging them to forge ahead. Mr. Ankersen cites the example of Facebook, which could not initially afford the traditional means of hiring and used an online puzzle open to all. A big recruiter today, it still hires a fifth of its employees using the same route. |
| Source : 16-09-12 Business Standard Compiled by Amresh Anjan |
| 20,000 jobs in Bank of Baroda over five years |
| Bank of Baroda is planning to hire around 20,000 people over the next four years and will add more than 500 domestic and international branches and offices in this financial year, a top official said. The bank is planning to hire around 20,000 people over the next four years, Bank of Baroda chairman and managing director M D Mallya said. "We plan to add another 500 domestic branches by March 2013, and four new foreign offices are coming up -- one each at Uganda and Kenya and two in Dubai -- taking the total international network to 100," he said, adding that Bank of Baroda had presence in 25 countries. |
| Source : 16-09-12 Moneyguru Compiled by Amresh Anjan |
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