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Naukri Job Speak Index For Aug-11 Reports 14% Growth On Year On Year Basis The Naukri job speaks index for the past few month's shows that hiring activity has been more or less steady over a period of time. However, a yearly comparison indicates that the index has stabilized at an elevated level when compared to last year. Thus, when we compare recruitment levels of Aug-11 with the previous month, the index moved up marginally from 1055 in Jul-11 to 1087 in Aug-11. This indicates that the global recessionary fears are yet to affect the Indian recruitment market. "Hiring activity especially for multinational companies, are planned about two quarters in advance" said Hitesh Oberoi, Managing Director and CEO, Info Edge India. He further added "While it is possible that the slowdown in economic activity may lead to some firms lowering down their hiring pace, the reflection of the same on the overall hiring sentiment may be visible around mid October since hiring lags during any slowdown in economic indicators. Also the effect is felt only when the slowdown is expected to be long lasting " This month hiring a has been upbeat for both ITES and IT sectors where the index moved up by 19 % and 8% respectively in Aug-11 over Jul-11.
Source : 07-09-11 Indiainfoline.com Compiled by Amresh Anjan
IT Looks Beyond Engineering For Fresh Hires IT and BPO companies are recruiting graduates in any discipline for all lower-level jobs to cut costs. Meanwhile, engineering graduates are opting for further studies, especially MBA and MCA courses, for fear of ending up in call centres or BPOs.A clear shift in the hiring pattern has recently emerged, said a senior official at the Jawahar Knowledge Centre (JKC). There is less demand for engineering graduates than in the past. Graduates from other streams are being recruited for posts that require working under a team leader.While the practice is benefiting such graduates, companies recruiting them are benefiting as well. Salaries paid to non-engineering graduates are between Rs 1.5 lakh and Rs 2.5 lakh per annum for entry-level jobs. Tech graduates start at double the amount. Some who are eager to partake in the fee reimbursement scheme of the government are opting for MBA and MCA courses.
Source : 08-09-11 Deccan Chronicle Compiled by Amresh Anjan
Consulting, Finance Top Recruiters At IIM-A's Final Placements The Indian Institute of Management, Ahmedabad (IIM-A) published its audited placement data for its three full-time management programmes, the flagship Post Graduate Programme (PGP), the PGP in Agribusiness Management (PGP-ABM), and the PGP for Management Executives (PGPX).As per the placement data, audited by CRISIL under the Indian Placement Reporting Standards (IPRS), the highest domestic and international maximum earning potential (MEP) at IIM-A was pegged at Rs 37 lakhs and $ 135,643 (Rs approx.), respectively. Among sectors, finance saw the highest number of offers at 94 out of the total 304 offers accepted, followed by consulting (93), FMCG (36), IT (27), and manufacturing (25), among others.
Source : 08-09-11 Business Standard Compiled by Amresh Anjan
Experian Credit Info Appoints Mohan Jayaraman As MD Experian Credit Information Company of India Pvt Ltd, the first CICRA licensed credit bureau in India, announced the appointment of Mohan Jayaraman as Managing Director. He will be responsible for leading Experian's Indian Credit Bureau joint venture into its next growth phase by further accelerating the roll out of Experian's global products and services in India.Mr. Mohan takes over from Phil Nolan, who will take up the role of Managing Director of the recently established Experian Credit Bureau Joint Venture in Australia. Mohan Jayaraman joined Experian in November 2010 as the Chief Operating Officer. Prior to joining Experian, Mr. Mohan worked with ICICI Bank for eight years in various senior management roles. His most recent position was Joint General Manager and Head of Payment Solutions, Enterprise Analytics and Retail Structured Finance.
Source : 08-09-11 Business Standard Compiled by Amresh Anjan
ICICI Bank Goes Slow On Hiring, To Recruit 6,000 Staff In FY12 ICICI Bank, the country's largest private sector lender, appears to be going slow on its hiring plans for the current financial year, to keep a tight leash on operating expenses.The bank plans to recruit about 5,000-6,000 employees, mostly at the entry level, in the current financial year, its Managing Director and Chief Executive Officer Chanda Kochhar said today.The bank had increased its headcount by over 17,000 employees between June 30, 2010 and June 30, 2011 as it opened new branches and expanded operations across the country. As a result, operating expenses surged by 23 per cent while staff cost increased by 27 per cent year-on-year in the first three months of this financial year.The average salary increase in the bank has been 11 per cent this year. The bank aims to keep its cost to income ratio at 41 per cent and cost to asset ratio at 1.7 per cent in 2011-12 (April-March).
Source : 10-09-11 Business Standard Compiled by Amresh Anjan
IT/ITES Sectors To Hire 55,000 In Sept Quarter, Shows Survey Driven by growing dem¬and in both domestic and international fronts and a robust project pipeline, the Information Technology (I¬T)/IT enabled Services (IT¬eS) sector is expected to be one of the top hirers for the three months ending September 30.According to a employment trend survey by Ma Foi Randstad, for the six mon¬ths period between Ja¬nuary to June this year, this sector has added 91,100 jo¬bs app¬roximately and is pr¬ojected to add another 55,500 jobs by September end. The Ma Foi survey data paints a rosy picture after another survey by MyHirin¬gClub showed earlier that the recruitment by Indian IT firms witnessed a slowd¬own in the month of August, owing to the crisis in the US and Europe region. While the survey had stated that the hiring mood remains upbeat, recruitment tendering platform MyHiringClub had said that it might take 2-3 months for recruitment activities in the IT sector to gain moment¬um as the hiring activity saw a 49 per cent drop in the IT and ITeS sectors in August vis-a-vis the previous month.
Source : 05-09-11 Financial Chronicle Compiled by Amresh Anjan
Bank Of America Job Cuts May Hit 40,000 Officials of US financial giant Bank of America Corp have discussed slashing about 40,000 jobs under the first phase of a proposed restructuring exercise. "Bank of America Corp (BofA) officials have discussed eliminating roughly 40,000 positions during the first wave of restructuring" The Wall Street Journal reported. The numbers of job cuts are not final and could change. The restructuring would reduce the bank's workforce over a period of years, the report added.
Source : 09-09-11 Wall Street Journal Compiled by Amresh Anjan
Networking To Create 1 Crore Jobs By 2012 India will create one crore jobs for networking professionals by 2012 and 3.75 crore by 2020, according to some estimates. Computer networking is a fast-growing field, but the shortage of networking professionals is only growing, said Khawar Butt, Penta CCIE and president, Networkers Home. Engineering courses four years long cannot keep up with technology that changes every day. Hence, students lack the latest knowledge that is required, Mr. Butt said. However, short-term courses and certifications for network professionals can teach the basics quickly and allow more time for on-the-job experience. Frameboxx Animation, a telecom infrastructure training company, provides Cisco-certified training courses to address this challenge. Networking professionals can expect an annual salary of Rs 5 lakh to Rs 7 lakh. Industries which actively recruit networkers are telecom, banking and finance, hospitals, IT, government organisations, service providers, multinational and multi-site companies.
Source : 09-09-11 Pioneer Compiled by Amresh Anjan
India Ranks Low In Gender Diversity India ranked the lowest among the top six Asian economies in representation of women in the workforce at junior and middle levels. According to the Gender Diversity Benchmark for Asia 2011, the percentage of women employed in India was the lowest at 24.43 percent. China had the highest percentage of women representation at 49.79, followed by Malaysia with 47.35, Hong Kong 45.34 and Singapore at 43.29. Japan was the second lowest at 33.62 percent. The study highlighted gender biases in India, where social attitudes still favour the male as the dominant, educated earning member of the family with the female being the homemaker. The report surveyed women at different levels across 21 companies in these countries. Participants included Ernst & Young, Bank of America Merrill Lynch, Cisco Systems and Coca-Cola. Source : 07-09-11 Mint Compiled by Amresh Anjan
Toyota To Raise Headcount By 1,500 Toyota will hire 1,500 people for its Indian operations by next year as it enhances production. The Japanese car maker, which runs its operations in a joint venture with the Kirloskar Group, is investing Rs 1,650 crore to ramp up its production capacity by one lakh units.In addition to the 1,500 permanent employees, the company will also hire some contract workers, said Shekar Viswanathan, deputy managing director commercial at Toyota Kirloskar Motor (TKM). Toyota will recruit for various disciplines as the expansion programme gradually unfolds, he added. TKM currently has around 4,500 employees at its two facilities in Bangalore, of which 70 percent are permanent. It is expanding the combined manufacturing capacity of the units from 1.5 lakh units to 2.1 lakh units.
Source : 07-09-11 Hindu Business Line Compiled by Amresh Anjan
BPOs Step Up Internal Lateral Hiring BPOs such as Infosys BPO, WNS Global Services, Hinduja Global Solutions and Genpact are hiring laterals internally to provide more growth opportunities to employees.Earlier, they hired 90 percent laterals from outside. Now, they are filling 65 percent to 70 percent of the lateral positions from within the company, said Kamal Kamnath, managing director, Kelly Services.Infosys has set a goal of 70 percent of lateral hires from within the company, up from 55 percent in the past, according to Mr. Raghavendra K, vice-president and head of human resources. Recent initiatives such as domain-based universities have enabled companies to promote more people from within. Hinduja Global sources 85 percent of its laterals internally and looks outside for the remaining 12 percent to 15 percent positions. Genpact relies on strong training and a career path programme to fill 70 percent to 80 percent of its positions internally.
Source : 06-09-11 Financial Express Compiled by Amresh Anjan
Arvind Kapur Takes Over As President Of ACMA Arvind Kapur, Managing Director, Rico Auto Industries, has taken over as the President of the Auto Components Manufacturing Association (ACMA). Mr. Kapur takes over from Srivats Ram, Managing Director, Wheels India.
Source : 06-09-11 Hindu Business Line Compiled by Amresh Anjan
Intuit Appoints New Managing Director For India Intuit Inc. (Nasdaq: INTU) has appointed Nikhil Arora as Vice President and Managing Director of Intuit India. Intuit is a leading global developer of business and personal finance management solutions.Mr. Arora will drive the company's strategic growth in India and lead its regional go-to-market efforts for small business and consumer offerings. In this role, Arora will also be working closely with Vijay Anand, Vice President of Intuit's India Development Center, located in Bangalore.
Source : 06-09-11 Business Standard Compiled by Amresh Anjan
Mahindra Satyam Staff To Get 12-20% Pay Hike Mahindra Satyam has finally given the much-awaited salary hike of 12 percent to 20 percent to its employees. The company had deferred hikes in April and has finally sent letters to employees. All the eligible staff will get the increment with effect from October 1. Salary hikes had been deferred to reduce expenditure in the first quarter. The company promised to increase wages by 12 percent for offshore staff and 2.5 percent for onsite employees. Staff had been given the option of either low hike for nine months or higher increase for six months. They opted for the latter. Meanwhile, the company has deferred the date of joining for freshers. Around 5,000 students were given offer letters earlier this year.
Source : 05-09-11 Hindu Business Line Compiled by Amresh Anjan
PSA Peugeot To Create 5,000 Jobs With Its New Plant In Gujarat PSA Peugeot Citroen, the leading French car maker, which is all set to mark its re-entry into the Indian auto market with opening a new assembly plant in the state of Gujarat, will create as many as 5,000 jobs in the country. The company will be setting-up its factory in Sanand, Gujarat, with an investment of $928 million. The Sanand plant of the company will be spread over an area of 243 hectares, and will have a capacity to manufacture 170,000 vehicles per year. Initially, the company will have an engine and gearbox manufacturing facility at this plant and in about two years the company will start producing cars at the plant.
Source : 12-09-11 Cartradeindia.com Compiled by Amresh Anjan
HUL To Hire Over 1,000 People Annually For Next 2-3 Yrs Leading FMCG major Hindustan Unilever (HUL) will hire about 1,050 people each year for the next two to three years, a top official said."We routinely recruit about 40-50 management trainees from management schools and technical schools for our managerial ranks, and these numbers that will continue for the next two-three years", said the company's Executive Director Human Resources, Leena Nair. She added that there was no change in their hiring strategy and the company might hire 20 of the managerial rank recruits in sales and marketing, and the rest distributed across all functions.When asked about pay hikes, she said, "there is no change in the pay package from us this year, but we are one of the good paymasters at the campus and we will continue to do that."
Source : 09-09-11 Zee News Compiled by Amresh Anjan
LIC to Hire 1 lakh Agents in South Central Zone This Fiscal The south central zone (comprising Andhra Pradesh and Karnataka) of state-owned Life Insurance Corporation of India (LIC) will be recruiting 100,000 field workforce to give a push to its growth targets set for the current financial year. Speaking at an event to celebrate LIC's 55th anniversary, zonal manager AK Sahoo said the new recruits would take the total strength of LIC's agents in the zone to 300,000 and to 15 million on an all-India basis."The LIC agent attrition rate is currently at 15-20 per cent nationally as well as in the zone. This apart, there are a few agents who do not possess enough knowledge on the products, premium calculations and policy maturity information. We are putting in efforts to reduce attrition by organising hand-holding events and training programmes," he said.
Source : 05-09-11 Business Standard Compiled by Amresh Anjan
Rajendra Mehta Joins Zee Entertainment Enterprise Ltd As Executive VP – HR Rajendra Mehta has joined Zee Entertainment Enterprise Ltd (ZEEL) as Executive Vice President Human Resources. Mr. Mehta moves from Jindal ITF. With a career spanning 17 years in the industry, Mr. Mehta has worked with the Times Group in Print and Internet properties, RPG, Larson & Tubro. He started his career in 1996 in Mumbai with the RPG Group and Larson & Tubro and then moved to Delhi, where he has been for the last 7-8 years. Having worked with market leaders, Mr. Mehta felt that he "has the ability to be conceptually aware of what the media industry requires". His new role, he felt, would be enhanced by his "ability to relate with employees across levels and support". Source : 04-09-11 Exchange4media Compiled by Amresh Anjan
Tata Motors Group CEO Carl-Peter Forster Resigns Carl-Peter Forster, group chief executive officer (CEO) and managing director of Tata Motors Ltd, resigned owing to "unavoidable personal circumstances", the company said in a release. Mr. Forster, 57, who earlier headed General Motors Co.'s Europe operations, joined Tata Motors in February 2010. His mandate at Tata Motors included managing its global operations, including Jaguar Land Rover (JLR), which was acquired in June 2008.Prakash Telang, managing director of India operations, and Ralf Speth, CEO of JLR, will represent their respective units on the board.
Source : 11-09-11 Wall Street Journal Compiled by Amresh Anjan
