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Manpower Group Survey Reveals Talent Shortage In Research And Development Manpower Group India released the results of its sixth annual shortage survey, and said that 67% of employers in India are experiencing difficulty filling critical positions within their organizations. Manpower Group's sixth annual Talent Shortage Survey reveals one in three employers worldwide is struggling to fill key vacancies. In India, the jobs employers have most difficulty filling are those of Research and Development, Sales Manager and IT staff as opposed to last year's jobs of Skilled Trades, Cleaners and Domestic Staff, and Accounting and Financing Staff. Sanjay Pandit, MD, Manpower Group India said: "While not all employers are feeling the pain associated with the global talent shortage, external forces mean it is likely that they will soon feel the pressure. Businesses need to adopt a long-term approach to ensuring they have the talent they need to achieve their business objectives. While talent cannot be "manufactured" in the short term, a robust workforce strategy will ensure a company's business strategy is supported by having the talented people they need to execute it."
Source : 19-05-11 Moneycontrol.com Compiled by Amresh Anjan
Xerox Unit Adds Jobs Under New Lenovo Contract PC maker Lenovo Group Ltd. said that it has retained a division of Xerox Corp. to provide customer service help from a call center in North Carolina. Lenovo said the deal will create 300 jobs in North Carolina's Research Triangle area, 50 of those with Lenovo and 250 with Xerox's Affiliated Computer Services unit. ACS and Xerox currently employ 3,600 people in North Carolina. In addition, Lenovo's Global Services team is also adding 100 new tech support positions in multiple locations around the world in cities including Bratislava, Beijing and Bangalore.
Source : 23-05-11 SIfy.com Compiled by Amresh Anjan
Infosys To Start Development Center In Shanghai: Jobs For 8000 Engineers Likely India's leading Information Technology Services Company, Infosys (INFY) announced that they have laid the foundation of their new development center campus at Zizhu Science and Technology Park in Shanghai, China. Infosys will invest $125-150 million to develop a state of the art campus featuring software development labs, data centers, training facilities, food courts, a 1500 seater auditorium, gym, and other recreational facilities. Infosys issued a statement saying this is one of the largest investments in China by any software company. The ceremony was graced by Infosys founder N.R. Narayana Murthy, Infosys, Mr. T.V. Mohandas Pai (board member), Dr. S. Jaishankar, Ambassador of India to China and Mr. Rangarajan Vellamore, Chief Executive Officer, Infosys Technologies (China) Co., Ltd along with other senior officials.
Source : 27-05-11 Crazyengineers.com Compiled by Amresh Anjan
Ma Foi Sees Huge Job Opportunities In Healthcare Sector The Indian healthcare employment scene has been on the upswing compared to the global markets. In 2010, the sector saw 33,77,652 jobs created in the country and by this year-end, a total of 36,26,152 jobs with at least 15 per cent wage inflation is expected. Biotech companies, health insurance companies, hospitals, diagnostic laboratories and pharmacies are hiring as well. With over 4.7 million professionals in demand over the next 10 years the sector is a consistent employer. Penetration of health insurance, setting up of new healthcare facilities in tier2 and tier 3 cities( which are opening up new avenues for employment generation), growth of medical tourism for alternative therapies like Homoeopathy and Ayurveda are also providing new job opportunities.
Source : 21-05-11 Pharmbiz.com Compiled by Amresh Anjan
Indian Firms Hiring Workers In North America India's outsourcing giants, faced with rising wages at home, are looking for growth opportunities in the US with many of them hiring workers in North America. With Washington crimping visas for visiting Indian workers, some companies such as Mumbai-based Aegis Communications are slowly hiring workers locally as their largest corporate customers are based in North America. Aegis, a subsidiary of India's Essar Group, an energy, telecom and metals conglomerate, is quoted as saying it's pioneering the next generation of outsourcing: putting the work close to its global customers. Its executives call the practice "near-sourcing", "diverse shoring" and, sometimes, "cross-shoring". Companies such as Tata Consultancy Services , Genpact and Infosys are the largest users of the H-1B visa programme and have collectively brought as many as 30,000 workers into the country in a year on H-1B or other visas. But the companies that use the visa programmes have faced opposition from US labour unions as well as age-discrimination lawsuits from American tech workers alleging that they were passed over by the hiring practices.
Source : 23-05-11 Mangalorean.com Compiled by Amresh Anjan
Citi Chief Vikram Pandit Wins A Big Pay Deal Mr. Pandit earned a token annual salary of $1 as he steered Citigroup back into the black over the last two years. Citi's board awarded him as much as $16.5 million in stock and options as well as a cash payment valued at more than $6.65 million as part of a special profit-sharing programme for top executives.The payouts will be spread over the next four years and are subject to Pandit's meeting certain performance goals. They will be in addition to his regular salary and annual bonuses. The announcement comes as Citigroup recently posted its fifth consecutive quarterly profit and completed a reverse stock split that, with the stroke of a pen, ratcheted its share price to more than $40 from $4.Just three short years ago, Citigroup was in such dire straits that it twice needed to be rescued by the government. With the bank receiving more than $45 billion of federal aid, questions swirled about whether Mr. Pandit would remain at the helm. The large retention award seems to put those questions to rest.
Source : 20-05-11 Deccan Herald Compiled by Amresh Anjan
Netambit To Hire 300 In Bangalore In Next Two Months NetAmbit, India's leading financial services distribution company, has plans to hire 300 new employees at its Bangalore centre. The centre is already providing jobs to 350 people and aims to double in size over the next two months. The company, which has been growing in the last four years, is now looking at a rapid ramping up of operations with the growing awareness of diverse financial services.The company which has presence across tier 2/3/4 cities and towns, has grown from 13 to 154 locations between FY''06 and FY''10.
Source : 20-05-11 Yahoo.com Compiled by Amresh Anjan
Lakshmi Venu Appointed Vice President Of Sundaram Clayton Lakshmi Venu, daughter of TVS Motor CMD Venu Srinivasan, has been appointed as the vice president (global business development and strategy) for Sundaram Clayton Ltd, the holding company of TVS Motors. According to a company announcement, she would continue in her current role as director-strategy of the company.In September last year, the company appointed the 28-year-old Lakshmi Venu as director (strategy), in the rank of a managing director, of the company. Lakshmi Venu is soon going to be daughter-in-law of Infosys co-founder and chief mentor N R Narayana Murthy.
Source : 20-05-11 Business Standard Compiled by Amresh Anjan
Citibank Appoints Vikram Sud As Head Of Asia Pacific Citigroup appointed Vikram Sud as head of Operations and Technology (O&T) for the Asia Pacific region. Working from Mumbai, Mr. Sud would be responsible for managing the Bank's operations, technology and shared services across 18 countries. Vikram Sud joins Citi from Kotak Mahindra Group where he served as the Group Chief Operating Officer since 2006. Earlier, in his 20-year international career, he has been with Citibank holding senior leadership positions in O&T across various businesses in the Bank. He also served as the CEO and founder of eServe International, Citigroup's BPO venture in India, which was acquired by Tata Consultancy Services in 2008.
Source : 19-05-11 Moneycontrol.com Compiled by Amresh Anjan
Slow Turnover Rate For CEO's About 11.6% of CEOs left their job last year, the slowest rate of turnover since 2003, according to an analysis of 2,500 public companies released by consulting firm Booz & Co. The rate dropped from 14.3% in 2009.The drop in turnover came on the tail end of the worst recession in decades and might have been due, in part, to companies and CEOs hunkering down and avoiding change as they weathered the storm, said Booz & Co. senior partner Mr. Gary Neilson.CEO ousters tend to take time to work their way through company boards. So while some of the turmoil in 2009 might have caused company directors to stay the course in 2010, last year's rebound might make CEO departures more prevalent this year, says Mr. Neilson.
Source : 17-05-11 Wall Street Journal Compiled by Amresh Anjan
Aditya Gahlaut Appointed HSBC India Business Banking Head HSBC India has appointed Aditya Gahlaut as Head of Business Banking for HSBC in India. In this role, he will be responsible for providing strategic direction and day-to-day management of the group's SME business in India. Mr. Gahlaut joined the HSBC Group in 2000 and has had experience across commercial banking, corporate banking and retail banking businesses.
Source : 23-05-11 Hindu Business Line Compiled by Amresh Anjan
Tata Steel Announces 1500 Job Cuts In Europe India's Tata Steel said it would cut 1,500 jobs at plants in Britain because of falling demand for structural steel. Trade unions described the plans as a 'devastating blow' to the regions in northeast England where the plants are based.The Indian firm said it was proposing to close or mothball part of its Scunthorpe plant, near Hull, putting at risk 1,200 jobs, as well as cutting 300 jobs at its sites on Teesside, further in the Northeast. Tata said it arrived at the 'difficult' decision after incurring losses in its long products division for the past two years, particularly due to a decline in the construction industry.
Source : 23-05-11 Moneycontrol.com Compiled by Amresh Anjan
Women Expect Less Pay From The Start In Canada Despite decades of apparent gains toward workplace equality, Canadian women starting their careers still expect to earn considerably less than men and wait longer for promotions, a sweeping new study has found.A review of responses from 23,000 university students across Canada about their career expectations found that young women expected an average initial salary 13.5 per cent lower on average than young men aiming for equivalent jobs. And women expected to wait an average of 12 per cent longer than men to get their first promotion. The young women's expectations for raises also lagged well behind men's: They anticipated salaries after five years of working that were, on average, 17.5 per cent less than men anticipated.
Source : 20-05-11 CTVnews.com Compiled by Amresh Anjan
Rajesh Nellore Joins Axeon's Advisory Board Axeon, Europe's largest independent supplier of lithium battery systems announced the appointment of Dr Rajesh Nellore to its Advisory Board.An automobile veteran with over two decades of global experience; Dr. Nellore was till recently the CEO and Managing Director (India) of PSA Peugeot Citroen, where he guided the European company on its India entry plans for the past 3 years. Prior to this, he served as General Manager of Johnson Controls Inc. where he was responsible for expanding verticals, including purchasing, supplier management and logistics. He has also served with distinction in senior positions at General Motors, Saab and Fiat.
Source : 19-05-11 India Infoline Compiled by Amresh Anjan
