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| A Positive Start: Over 5 Lakh New Jobs In 2012 |
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| The new year may bring in loads of cheers for job-seekers, as the experts expect companies to hire more than five lakh new employees during 2012 despite the uncertainties prevailing over the overall economic scenario.Adding to cheers of the job market, employees could expect double-digit salary hikes during 2012."If all goes well, and depending on policies of the government and market situation, more than 5 lakh jobs will be created across all segments," executive search firm GlobalHunt's Director Sunil Goel said. The Indian job market in 2011, felt the ripple effects of the global economic uncertainty, but emerged out of it rather strong, as companies adopted a "cautiously optimistic" approach and experts believe in the new year jobs will continue to be added, albeit at a slower pace. As per Monika Tripathi, Vice President (Heading the IT, ITeS, Telecom and Research practices) at recruitment process outsourcing firm Elixir Consulting, "The IT/ITeS sector alone will generate as many as around 3 lakh jobs in 2012." |
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| Source : 01-01-12 IBN Live.com Compiled by Amresh Anjan |
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| Industrial Growth Far Ahead Of Employment Rate |
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| Preliminary data of the Annual Survey of Industries (ASI) for 2009-10 shows that jobs grew only 4.1 percent in the organised sector. By contrast, the rate of growth of the manufacturing output was in double digits, at 13.75 percent. Only 465,000 additional workers gained employment, reaffirming the trend in the latest employment report of the National Sample Survey Organisation (NSSO) for the period ended 2008-09. Salaries rose 13.6 percent in current prices and 11.1 percent in real terms, adds Economic Times. The total number of factories rose by 2.3 percent to an estimated 1,58,877. Tamil Nadu accounted for the most number of factories at 16.9 percent, with Maharashtra next at 12.2 percent, Andhra Pradesh 10.8 percent, Gujarat 9.8 percent and Uttar Pradesh 6.9 percent. Food products generated the most jobs, 12.5 percent, followed by textiles at 11.7 percent. |
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| Source : 02-01-12 Mint Compiled by Amresh Anjan |
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| Govt Admits Slowdown May Start Hurting Jobs |
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| The country's Chief Statistician TCA Anant said slowing economic growth may begin telling on job figures. "There is still a concern on inflation, a concern which has also been expressed by the Finance Minister," he said at an event to mark the release of provisional results of the Annual Survey of Industries (ASI) 2009-10. Growth was "still robust", with the economy having expanded in the six months to September by 7.3 per cent. "But there are concerns on both the global and domestic fronts," Mr. Anant added. He agreed that the negative growth in the industrial production index data for October may be revised, but pointed out that it would not vary vastly from the estimate put out originally. "In the last 15 months, whichever way you look, there is a marked softening in industrial activity," he said. |
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| Source : 02-01-12 Deccan Herald Compiled by Amresh Anjan |
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| Rural BPOs Chalk Out Route To Growth |
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| Rural BPOs seem to have worked out their business model. This is despite the marked contrast to the urban call centres and outsourcing hubs, be it in the scale of operations or the workforce. In an industry affected by 35 percent to 40 percent attrition in urban areas, the rate in rural centres is in a low single digit. Salaries, of course, are typically 35 percent to 50 percent lower than in urban centres, and there is considerable saving in transportation costs. RuralShores, for instance,has a headcount of 1,000 at 10 centres in seven states, and plans to create 10,000 jobs by 2014 across a hundred centres. Training in a rural BPO takes longer than it does in an urban centre, but RuralShores says it has not been difficult to get fresh recruits or experienced managers for training them. |
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| Source : 30-12-11 Financial Express Compiled by Amresh Anjan |
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| IT Industry Sees Merit In Going Non-Linear |
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| The IT industry is looking to move away from the linear model which banks on the linkage between growth and manhours. Being non-linear would require higher productivity and institutionalization of innovation. Its low-cost offshoring activities are under challenge from its "commoditization" by global consulting companies such as IBM, HP and Accenture. Mass hiring has also brought with it issues such as rising wage bills, huge spending on infrastructure for employees and lack of skills, among others. This has made IT firms shift gears into a non-linear model. Hyper-productivity must come from creating intellectual property or differentiated skills, methods and frameworks, or margins will be squeezed and eventually affect profitability, says Sanjay Purohit, senior vice-president, global head of products, platforms and solutions,Infosys. Phaneesh Murthy, CEO, iGATE Patni, says outcome-based pricing in services will become acceptable, the way it did in manufacturing. |
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| Source : 02-01-12 Business Standard Compiled by Amresh Anjan |
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| Flipkart.Com Names CFO |
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| Flipkart.Com Has Named Karandeep Singh As CFO. He will also be part of the executive team and will contribute to the overall management of the business. Prior to this, he was vice president finance at Sapient Corp. |
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| Source : 29-12-11 Exchange4media Compiled by Amresh Anjan |
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| Cavinkare Hires Two Senior Executives |
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| Chennai-based FMCG player CavinKare on Thursday appointed two senior executives to its core management team with Mr Jatin Bhatt as marketing vice-president and Mr Murali Santhanam as executive vice-president for HR.These appointments have been made in alignment with the aggressive growth and expansion plans of the company, CavinKare said in a statement."With Mr. Santhanam and Mr. Bhatt on board, we have further strengthened our senior management team. |
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| Source : 29-12-11 Hindu Business Line Compiled by Amresh Anjan |
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| Study: Delhi, Bihar Come Out Tops In IT Talent Pool |
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| A survey has found Delhi and Bihar as the best destinations for sourcing IT talent, be it in products, KPO, BPO, software testing or hardware networking. Tamil Nadu and Andhra Pradesh were way behind in terms of quality. The findings were presented by the National Employability Study 2011 conducted by Aspiring Minds, which analysed the employability scores of more than 1.2 lakh final-year engineering graduates. Employability in IT services was the highest in the north, followed by the east, west and then the south. While in some states more than three in every 10 engineers were employable, less than one in every 10 was employable in others. The proliferation of engineering colleges in south and west India are responsible for the trend. Despite being heavily populated, Delhi and Kolkata have fewer engineering colleges than southern cities and yet have emerged as hubs for quality talent. |
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| Source : 29-12-11 Financial Express Compiled by Amresh Anjan |
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| Temp Hiring Set For A Leg-Up In Downturn |
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| Temporary hiring will be on the upswing as some organisations look for flexibility. The temp industry is expected to grow by at least 15 percent in the next six months. Hiring will be robust in 2012, in sectors such as engineering services, automobile, education, healthcare, pharmaceuticals and FMCG, which can expect salary hikes of between 10 percent and 15 percent. The remaining sectors, however, will exercise caution, says Kamal Karanth, managing director, Kelly Services India. Big companies will continue to hire but a lot will depend on the economy and how these companies perform. For many foreign firms, hiring plans will rely on their performance in India. Attrition levels too will fall to 12 percent as employees get cautious, says Mr. Karanth. Salary hikes will be in the range of 10 percent at the lower and middle levels and 15 percent at the top. |
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| Source : 29-12-11 Financial Express Compiled by Amresh Anjan |
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| HDFC Chairman Quits Hindustan Unilever Board |
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| Deepak Parekh, chairman of HDFC Ltd, has resigned as an independent director from the board of Hindustan Unilever (HUL) from December 27.Mr. Parekh was on the company's board since 1997. The firm cited personal reasons for his resignation. |
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| Source : 28-12-11 Hindu Business Line Compiled by Amresh Anjan |
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| Talent Shortage A Major Constraint For Start-Ups |
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| Most surveys of small and medium enterprises conclude that small companies' main problem is lack of access to inexpensive capital for funding expansion and modernisation. However, an almost equally intractable problem is availability of talent. This is particularly so for start-ups, and even more so for those in the knowledge space such as information technology.The National Employability Study 2011 recently conducted by Aspiring Minds Assessment Pvt Ltd, a Gurgaon-based 'employability solutions' company, based on the scores of more than 120,000 technical graduates and final-year MCA students in a test it conducted among them, revealed that a mere 3.25 per cent of engineering graduates are software-industry-ready, and ready to be hired without need for further training. Almost 73 per cent of those who took the test were found to lack English language capabilities, while 95 per cent were found to be short on technical skills. |
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| Source : 27-12-11 Business Standard Compiled by Amresh Anjan |
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| E-Commerce Sets Sights On IITs, IIMs For Talent |
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| E-commerce sites such as FlipKart, Snapdeal, Deals and You, Cleartrip and Via are attracting students from the Indian Institutes of Technology (IITs) and the Indian Institutes of Management (IIMs). It is not just salary alone, but the entrepreneurial spirit which is drawing students. "This is a growing sector," notes Avin Vaish, an IIT Kanpur student who will soon join a travel portal. "You enjoy a lot of responsibility and get hands-on training at these start-ups. They provide a lot of exposure." Flipkart has made around 120 offers at IITs and 25 more on various other campuses. Another e-commerce site Myntra, which started hiring from the IIMs last year, hopes to recruit 8 to 10 IIM graduates this year. "Acquiring premium manpower would be a key differentiator in sustaining growth in the e-commerce sector", says Gaurav Kachru CEO of Deals and You. Flipkart says this space is expected to grow to about $10 billion. |
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| Source : 29-12-11 Business Standard Compiled by Amresh Anjan |
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| Micromax Picks CEO From Bharti Airtel |
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| Micromax has shuffled its top management, adding talent from Bharti Airtel, Sony Ericsson and HTC. Bharti Airtel's Deepak Mehrotra has joined as CEO, a new position created in the company. He was previously operations director of mobility business at Airtel. HTC's former country head Ajay Sharma will head the smartphone business, while Sony Ericsson's Khaja Muzaffarullah will head the feature phones division. |
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| Source : 27-12-11 Hindu Business Line Compiled by Amresh Anjan |
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| Star India Picks AVP Marketing From CNN-IBN |
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| Star India has appointed Sameer Seth as AVP Marketing to drive affiliate marketing for the network. He will also look after the marketing of HD channels and trade marketing. Mr. Seth joins from CNN-MIBN, where he spent about six years and was most recently General Manager of Marketing. |
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| Source : 26-12-11 Bestmediainfo.com Compiled by Amresh Anjan |
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| Britannia Looks To Restructure, Save On Wages |
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| Britannia Industries is restructuring its sales team and middle management to bring in greater synergies and profitability. The company has been affected by rising input costs, which in turn has squeezed margins and profits. Post-restructuring, fewer employees would be responsible for more operations, thus cutting the wage bill. The company is considering hiring one individual to take up work of four in replacement hiring to fill vacancies. Britannia has recently merged the sales team of its dairy portfolio with that of its biscuits business to cut costs. The integration would expand the reach of Britannia's dairy products manifold without the company actually making substantial investments. The change will also enable the staff to handle a richer portfolio with superior development of skills and opportunities, a company spokesperson said. |
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| Source : 03-01-12 Financial Express Compiled by Amresh Anjan |
