IT Sector To See Positive Hiring Trends This Year: Survey The IT sector is likely to witness a 20 percent increase in overall workforce levels in the coming year as this segment will continue to see double digit growth, says a survey. According to the IT Employer Survey by HeadHonchos.com - a job search portal for senior management professionals, 76 percent of respondents expect the increase in headcount to be in the range of 11-15 percent whereas 36 percent expect this figure to be as much as 16-20 per cent. "Hiring is set to increase across all levels, including 9.5 percent for middle management and 4.5 per cent for senior professionals," HeadHonchos.com CEO Uday Sodhi said. Overall as many as 97 percent of the HR managers polled said the industry will see a substantial increase in the overall workforce in the coming year. Source : 13-05-11 Silicon India Compiled by Amresh Anjan
Manpower Survey Shows Improvement In Hiring Outlook According to Manpower Group's third quarter Manpower Employment Outlook Survey, year-over-year hiring outlook has improve modestly across major countries with German employers reporting their most optimistic hiring expectations since the downturn. Although overall hiring plans for countries such as Italy and the U.K. remain subdued, results for Canada and France are above the historical average and those in Japan and the U.S., while below pre-recession levels, are cautiously optimistic. U.S. employers across all 13 industry sectors surveyed expect hiring activity to be relatively stable or improve from three months ago. Meanwhile, employers in the emerging market countries of India and Brazil continue to report the strongest hiring plans globally, fueled in part by the strong demand in these countries' finance/insurance/real estate sectors.
Source : 14-06-11 India Infoline Compiled by Amresh Anjan
State Bank Of India To Hire Over 5,000 Officers The country's largest lender, State Bank of India (SBI) is planning to hire over 5,000 employees in 2011-12. While a total of 4,987 officers would be recruited in its associate banks, as many as 206 officers would be appointed to work in SBI itself. The bank would be hiring people for the post of probationary officers for its associate banks, while those for the parent bank would be hired in the position of specialist officers in various divisions like law, economics, medical and security. The associate banks for which recruitment is being sought include State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Patiala, State Bank of Mysore and State Bank of Travancore. SBI has already released public advertisements for all these positions. Last year, SBI had said that it plans to hire a total of 27,000 employees -- 20,000 to 22,000 people in clerical posts and 5,500 people at the probationary officer level.
Source : 08-06-11 Business Today Compiled by Amresh Anjan
New Manufacturing Policy To Create 100 Million Jobs In a major initiative, the government is set to approve a new policy to boost manufacturing by reducing compliance cost for industry and making the labour laws flexible. As per the draft, which is likely to get a nod from a high level committee chaired by Prime Minister Manmohan Singh, the government would take steps to make industrial land available by creation of land banks. The policy aims at creating 100 million new jobs by 2025 and would encourage foreign investment and technologies, while reducing the compliance burden on the industry.
Source : 08-06-11 Business Standard Compiled by Amresh Anjan
Government To Create 2.5 Lakh Jobs For Kannadigas Chief Minister B.S Yeddyurappa said that the State government would initiate measures to ensure employment to at least 2.5 lakh Kannadigas in the remaining two years of its tenure. Speaking at the Workers' Kannada Convention organized by the Kannada Development Authority (KDA), Mr. Yeddyurappa said the government had already provided employment to 2.5 lakh Kannadigas through job fairs organized across the State. He further said the government will strive to implement the Sarojini Mahishi report recommendation on providing priority to local people in hiring. Government will make it mandatory for industries eager to set up units in the State to give an undertaking that they would provide jobs to the local population. He received a memorandum from labour unions and pro-Kannada organizations, including the one seeking a status report from industries on a periodic basis about the vacancies available and the recruitments of local population, hosting a Kannada website on job opportunities in the State and central government institutions, opening of "Kannada centers" in all companies among others.
Source : 12-06-11 Deccan Herald Compiled by Amresh Anjan
Daiwa Capital Markets Appoints Sriram Iyer As Head Of Sales Trading Japanese investment banking major Daiwa Capital Markets has appointed Sriram Iyer from Antique Stock Broking as its executive director and the head of sales trading in India. Mr. Iyer will be reporting to John Mar, the regional head of sales trading based in Hong Kong. The appointment comes after Daiwa roped in Alok Vajpeyi, former MD and vice-chairman of Dawnay Day AV (which was acquired by New Silk Route and renamed Destimoney), as the MD and CEO of Daiwa Securities India last month. With 16 years of experience in the industry, Mr. Iyer will be leading sales trading and dealing of equities to institutional investors.
Source : 10-06-11 VCCcircle.com Compiled by Amresh Anjan
Walt Disney To Lay Off Nearly 250 People At Studio The Walt Disney Co. is preparing to lay off under 5 percent of the employees at its studio, or up to about 250 people .Most of the people work in home video distribution, which was merged with the theatrical distribution division late last year.DVD sales have been plunging industrywide and the studio is looking to cut costs and therefore this cut. The layoffs are the largest since last year, when Disney shut a Robert Zemeckis-run motion-capture facility in the San Francisco area last year and let go about 450 people.
Source : 09-06-11 Associated Press Compiled by Amresh Anjan
Infosys Acquires New Zealand's Firm Unit Country's second largest software exporter Infosys Technologies said that it has acquired the software solutions business of Gen-i, as part of its partnership with the Telecom New Zealand Group firm. As part of the deal, Infosys has offered positions to Gen-i's more than 110 employees and contractors, who will continue to be based in Auckland, Wellington and Christchurch.These employees, who are primarily senior developers, technical architects and consultants, will take the Infosys' New Zealand team to over 150 people. The company said it also plans to immediately hire an additional 15-30 people there. No financial details were disclosed.
Source : 09-06-11 NDTV.com Compiled by Amresh Anjan
P.C. Pankaj Appointed NEEPCO Chairman North Eastern Electric Power Corporation has appointed P.C. Pankaj as the Chairman and Managing Director with effect from June 3, 2011."P C Pankaj has been appointed by the Ministry of Power as the Chairman and Managing Director of North Eastern Electric Power Corporation (NEEPCO) and has assumed charge on June 3, 2011," a company statement said .Mr P.C. Pankaj was serving as an Executive Director in PowerGrid Corporation before joining as CMD of NEEPCO.He started his career with NHPC in 1981. Mr Pankaj is an Electrical Engineer from Agra University and an MBA in Business Management. NEEPCO, which is headquartered in Shillong, Meghalaya, is engaged in the design, construction, generation, operation and maintenance of power stations in the North Eastern Region of the country.
Source : 09-06-11 Hindu Business Line Compiled by Amresh Anjan
Analjit Singh Steps Down As Max India Managing Director Analjit Singh, promoter of Max India, is stepping down from the position of managing director, while remaining chairman. The board of directors have met and approved Rahul Khosla as the MD, effective August 18.Mr. Khosla, a professional and unrelated to the promoter family, has a wealth of experience in banking and insurance. He is to join Max from Visa, where he was the group head of products for Asia-Pacific, Central Europe, West Asia and Africa markets. Max India is the holding company for Max New York Life, Max Bupa Health Insurance and Max Healthcare. Its consolidated revenue was Rs 7,900 crore in the last financial year. About 80 per cent came from the insurance business and about 10 per cent from healthcare.
Source : 13-06-11 Business Standard Compiled by Amresh Anjan
Lloyds May Cut 15,000 Jobs In Costs Drive Britain's Lloyds Banking Group could cut up to 15,000 jobs as part of a new 1 billion pounds (USD 1.6 billion) cost-saving plan, according to a report in the UK's Sunday Times newspaper.The report said whole layers of management would be stripped out of the bank, with hundreds of jobs likely to go at its head office and thousands of posts to be cut across Britain and in its remaining international outposts.Lloyds, which is about 41% owned by the government, said that it would axe 300 jobs across its retail, wholesale and wealth units. It has shed 27,000 jobs over the last two years, as it continues an integration programme following its 2008 takeover of troubled lender HBOS.
Source : 13-06-11 Moneycontrol.com Compiled by Amresh Anjan
Maruti Sacks 11 Workers For 'Inciting' Stir Maruti Suzuki India terminated the services of 11 workers employed at its Manesar facility in Haryana.Workers at the facility, which employs about 2,000 people, have struck work since a while. The workers are demanding recognition of a new union — Maruti Suzuki Employees Union (MSEU) — besides retaining contract labourers for the two upcoming new units inside the complex."The services of 11 persons, who were inciting workers to go on an illegal strike and created an atmosphere where safety of people was in danger, have been terminated," chairman R C Bhargava said.Terming the strike "illegal," Mr. Bhargava said the workers gave no notice for a strike and are asking for recognition of a union which hasn't even been registered yet. "There is no other union... If they have any issue, they should have first written to us and discussed with us."He said the company has begun negotiations with the striking workers and was hopeful of finding an early resolution to this problem.
Source : 07-06-11 DNA Compiled by Amresh Anjan
MLA's Give Themselves 73% Salary Hike Karnataka legislative assembly today passed two important bills pertaining to the rise in salaries and perks of members of legislative assembly (MLAs) and ministers in the absence of opposition parties. With the passing of these bills, the average salaries of MLAs will go up by 73 per cent. The previous amendment to their salaries was effected in 1957.When the house assembled this morning, the members of opposition Congress and JD(S) continued their boycott of the proceedings for the fourth consecutive working day. After the customary question hour and zero hour, the minister for law Suresh Kumar presented two bills, Karnataka Ministers Salaries and Allowances (Amendment) Bill, 2011 and Karnataka Legislature Salaries, Pensions and Allowances (Second Amendment) Bill, 2011. As the opposition benches were vacant, the bills were passed without any discussion. The passing of these two bills paves way for raising the salaries of MLAs by an average of 73 per cent to over Rs 95,000 per month.
Source : 08-06-11 Business Standard Compiled by Amresh Anjan
Banks To Strengthen Risk Operations, New Jobs Seen Most banks in India — foreign, private or government-owned — are gearing up to expand and strengthen their risk management work after the global financial crisis. This is poised to spin off a new set of jobs. Besides, the financial crisis, a spate of scams in the banking sector in the recent times has also forced banks to strengthen their risk operations.Banks' operational risks include loss resulting from inadequate or failed internal processes, people and systems or from external events.
Source : 14-06-11 Hindustan Times Compiled by Amresh Anjan
