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Indians Lead In Job Hopping According to a report by Ma Foi Randstad, a leading global hiring agency, India has witnessed the maximum number of job switchovers in the last six months, making it the most mobile global job market. As per the survey, which was conducted among 35,400 employees across 26 countries, India has the highest mobility index of 141. This means that more employees from India switch jobs as compared to their global counterparts. "This is corroborated by the findings of the factual job changes in the past six months, where again the scores are the highest in India followed by China. Also, a significant proportion of employees in India, China and Mexico are confident of finding another job," the survey report revealed.
Source : 13-10-10 indiatoday.inCompiled by Amresh Anjan
EPFO To Check Books Of Construction Cos' For Payment Lapses The Employees' Provident Fund Organisation has decided to identify and inspect the books of accounts of all building and construction companies that are covered by it after the alleged provident fund scam at the Hiranandani Group. The EPFO has directed all field offices to regularly inspect the books of accounts and balance sheets of such establishments and carefully scrutinise them for any lapses or defaulted payments in an internal notification. The EPFO is empowered under Section 7A of The Employees' Provident Fund and Miscellaneous Provisions Act, 1952, to inspect the books of accounts and determine if any money is due from employers and conduct an inquiry into it.
Source : 14-10-10 Indian Express Compiled by Amresh Anjan
Maruti Finds New Problem Solver, Its Employees Faced with an unprecedented demand for its cars and a lack of ability to produce them at its plants Maruti Suzuki India Ltd, has found a unique problem solver—its 7,500 employees. The company's annual exercise to improve performance has seen a spurt in recommendations from workers this year, with over 60,000 already logged. These are quality suggestions, and each would be implemented within this financial year, the company has said. "We have observed that each year the cost saving arising out of these suggestions have gone up," according to a company spokesperson. "What is even more heartening is that most of the suggestions come from ordinary shop-floor workers. Not only is this beneficial for the company, it also lends a sense of pride and significance to the employees as it shows that their voice is not only heard but is important for the company's progress."
Source : 10-10-10 Hindustan Times Compiled by Amresh Anjan
IT Cos Plan To Appoint Non-Techies For Managing Infrastructure IT companies who are into remote infrastructure management services (RIM) have opened their gates for non-techies. Firms in the sector, especially mid-tier ones, are talking of hiring science graduates, diploma holders, BCom and even Arts graduates in the coming months. Companies in the sector remotely examine and manage an enterprise's IT infrastructure like desktops, laptops, notebooks, servers, network devices, storage devices , and security devices.
Source : 12-10-10 yahoo.comCompiled by Amresh Anjan
LIC Staff To Get Only 17.5% Salary Hike Employees of Life Insurance Corporation (LIC) have had to settle for a 17.5 per cent salary hike, in line with what was offered to bank employees under the agreement signed with the Indian Banks' Association. This is less than expectations as the unions had expected the increase to be of the order of 23 per cent.
Source : 14-10-10 sify.comCompiled by Amresh Anjan
Merger Leads To Confusion Among National Carrier's Staff After the merger of Air India, Indian Airline and Air India Express into National Aviation Company International Limited (NACIL), there has been a never-ending confusion among the employees of the country's national carrier about their roles. The three airlines, which were merged in 2007 but continued their operations as separate entities, have been forced to function as a single entity again due to lack of cockpit crew and expiry of aircraft lease. Since last week, Air India (AI) has been operating four flights which were earlier operated by Indian Airline and Air India Express (AIE). After the merger of the three airlines, their role was clearly defined. While AI operated on international sectors, AIE was supposed operate as a low-cost airline to international destinations in the Middle-East. Indian Airline was to operate on domestic routes and destinations in neighbouring countries like Shanghai, Kathmandu and Kabul. Source : 15-10-10 DNA Compiled by Amresh Anjan
Lloyds To Cut 4,500 IT Jobs Banking giant Lloyds is slashing 4,500 staff and transferring hundreds of jobs to India, the bank said. According to the bank, 1,600 permanent IT jobs and 1,150 contract jobs would be axed in the UK. The remaining 1,750 job cuts are in India which had been earlier transferred from the UK.
IPO Effect: CIL Unions Cancel Strike Plans Trade unions in Coal India announced that they have cancelled a proposed one-week strike from October 18. The union was planning to strike work to oppose the planned divestment of the government's stake in the public sector unit, in view of the festive season. The unions, barring Indian National Trade Union Congress, had warned that CIL employees would go on a week-long strike, the day the mega public offer will be launched.
Source : 11-10-10 Hindustan Times Compiled by Amresh Anjan
US Jobless Claims Rise Again Applications in the US for jobless benefits increased last week for the first time in three weeks. This reflects that companies are reluctant to hire in a slow economy. Initial claims for unemployment aid rose by 13, 000 to a seasonally adjusted 462, 000. Source : 15-10-10 Hindustan Times Compiled by Amresh Anjan
Citigroup Sued For Gender Discrimination Citigroup was sued for gender discrimination by six of its existing and former female employees who alleged the company paid its women employees less than their male counterparts. As per the lawsuit filed in the US District Court in Manhattan, the financial services conglomerate is more likely to lay off well-qualified women and retain less qualified men.
Source : 15-10-10 Hindustan Times Compiled by Amresh Anjan
SEBI To Appoint 90 Senior Execs The Securities and Exchange Board of India (SEBI) has invited applications for 90 senior level executives. The market regulator plans to hire legal experts, researchers and other officials for general administration.
Source : 12-10-10 Hindustan Times Compiled by Amresh Anjan
Computer Knowledge A Must For Candidates, Says SC Supreme Court said that a candidate can be denied employment for failing to possess computer knowledge. The SC dismissed a civil judge aspirant's plea defying the decision of Uttrakhand government that had rejected him after he failed to display computer skills. "We're of the opinion that requirement of having basic knowledge of computer operation shouldn't be diluted," it said.
Source : 15-10-10 Hindustan Times Compiled by Amresh Anjan
Truce At ArcelorMittal's Algeria Plant Workers at ArcelorMittal's Algerian plant got back to work after a strike over pay, a union source said. ArcelorMittal employs 7,200 people at the plant in the town of Annaba in eastern Algeria. "We are negotiating with the management over a pay rise," a union member at the plant said.
Source : 10-10-10 DNA Compiled by Amresh Anjan
Mr Mills Named As New CEO Of SpiceJet SpiceJet has announced the appointment of Mr Neil Raymond Mills as the CEO. He has joined SpiceJet from another low-cost carrier, the Dubai-based Flydubai, where he was the Chief Financial officer. "Most recently, Neil was the part of the start up team for Flydubai and saw the airline grow from a planning stage to nine operating aircraft in 18 months," according to the company.
Source : 13-10-10 Business Standard Compiled by Amresh Anjan
Mr R Shankar Is Ramco's Executive VP Enterprise software and services provider Ramco Systems named Mr R Shankar as executive vice-president heading the India, Middle East and African operations of the company. Before this, Mr Shankar was heading West Asia and African operations of the company, the company said.
Source : 13-10-10 Business Standard Compiled by Amresh Anjan
Shriram Equipment Finances Appoints CEO Shriram Equipment Finance Company Ltd announced the appointment of Mr pratap Paode as Chief Executive Officer. He was previously with Magma Fincorp as Senior Vice-President, handling construction equipment, commercial vehicle, car and SME business loan finance.
Source : 11-10-10 Business Standard Compiled by Amresh Anjan
Patni's China Centre To Add 500 Employees Patni Computer Systems announced the opening of a new ITO delivery (development and support) center in Suzhou, China. The facility with a planned capacity of 500 seats, is the IT and BPO services-provider's first centre in China, and will cater to Japanese, American, European and local multinational corporations.
Source : 12-10-10 Hindustan Times Compiled by Amresh Anjan
Mr Suresh Gurumani Can Carry On His Work As SKS Director: Court In a major reprieve for sacked managing director & chief executive officer of SKS Microfinance, Mr Suresh Gurumani, the Andhra Pradesh High Court ruled that he could continue as a director of the company. The court admitted a petition against Mr Gurumani's firing filed by SKS shareholder Mr S Lekha and set hearings for a later date. Justice G Bhavani Prasad said Gurumani could be removed only with the approval of shareholders and asked the company to reply within three weeks.
Source : 09-10-10 Business Standard Compiled by Amresh Anjan
IIM Ahmedabad Confluence 2010 During IIM Ahmedabad's golden jubilee celebrations, Confluence 2010, the premier management institute's biggest business conclave, is conducting a strategic simulation workshop for middle level managers slated for general management and leadership roles in their organizations. The workshop is on the 26, 27 and 28 of November, and is focused on cross-functional integration of decision making skills. It will be anchored by Prof. Chetan Soman, IIM A, and other IIM faculty and alumni, and will provide a real life feel of integrated management by combining the soft skills of leadership, people management and communication, with the hard skills of planning, forecasting, marketing, finance, and operations. For more details on the programme please visit http://www.iimaconfluence.com/downloads/IIMA_SSW.pdf
Source : 15-10-10 naukri.comCompiled by Amresh Anjan
