HR Articles: Dec-13 (Part-3)

 

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Job Creation Down In Metros But Higher In UP Cities

Job generation in the eight metros slowed significantly, but four cities of Uttar Pradesh recorded an astronomical gain of 68 percent last fiscal. A survey by the Associated Chambers of Commerce and Industry (ASSOCHAM) found that Ahmedabad, Bangalore, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune saw a 14 percent to 33 percent decline in job creation. In Uttar Pradesh, Lucknow alone created almost 1,700 jobs in April-June, 54 percent more than in January-March. In Meerut, registered jobs grew more than 133 percent quarter-on-quarter and in Allahabad more than 127 percent. In Kanpur, job growth topped 24 percent. ASSOCHAM analysed daily postings related to job vacancies posted by some 3,500 companies through job portals and advertisements in 56 cities and 32 sectors. Most jobs were in education, banking, insurance, event management, real estate, IT/ITeS, HR, hospitality and personal care goods.

Source : 23-08-12   Hindu Business Line   Compiled by Amresh Anjan

Mega Bucks In E-Commerce Attract IT, Retail Talent

Fat pay packets, fast growth and a sense of ownership are driving talent from top IT, retail and telecom firms to e-commerce sector. The sector is attracting executives from IT, which has been forced to pare hikes because of the slowdown. E-commerce companies offer crazy money, says Amitabh Das, CEO of recruitment firm Vati Consulting. Some even offer to double the existing pay. Kelly Services India has placed eight people in the last month alone, says Managing Director Kamal Karanth. The executives were drawing Rs 15 lakh to Rs 24 lakh in salaries and were offered packages ranging from Rs 28 lakh to Rs 40 lakh by e-commerce companies. The trend has been attributed to the shortage of talent in the e-commerce space. Online fashion store Myntra.com has hired 60 engineers, most of them IIT graduates who have worked with Google, Yahoo and Amazon.

Source : 28-08-12   Financial Express   Compiled by Amresh Anjan

Differentiated Resource Development Pays

Talent is a critical resource that organisations must manage well for achieving the best possible results. Mr. Sanjay Dawar is managing director, consulting, Accenture India, and Mr. Jayesh Pandey managing director, talent and organisation practice explains how. The hallmark of Accenture's talent strategy is "different strokes for different talent segments". This implies first segmenting talent, and then applying different strokes or levers to each of these talent segments. Segmenting involves identifying, sourcing, developing, retaining and harvesting the full potential of each employee, even those who today are overlooked in the larger scheme of an organisation's working. Talent can be differentiated on the basis of the value added to the company, for instance, high-potential talent such as senior leadership, demographic cuts or generation and life stage etc., and work roles, that is, knowledge workers and specialists versus generalists.

Source : 28-08-12   Business Standard   Compiled by Amresh Anjan

Women-Friendly Policies Buoy Retention At Citibank

Citibank has launched a host of initiatives catering exclusively to its women employees. Recruitment of women graduates from premium management institutes has increased from 30 percent in 2009 to 46 percent in 2012. A programme called "Women Leading Citi" targets senior female executives. It is designed to advance the organisations highest performing women. Citi has evolved another programme for emerging female talent. The "Coaching for success, leadership training for emerging female talent" programme is delivered through a series of workshops. Senior managers have been engaged as coaches. The bank's efforts towards gender diversity have been able to create a sense of deeper involvement and engagement. Opportunities to develop and innovate are thus widely available to all, said Anuranjita Kumar, country human resources officer, Citi India. As a result, retention rates have gone up.

Source : 27-08-12   Business Standard   Compiled by Amresh Anjan

Anubha Shrivastava Who Is The Head Of Asia Investments In The CDC Group Has Quit

Anubha Shrivastava, the managing director responsible for Asia investments at the UK government's development finance institution CDC Group Plc, has quit.CDC is one of the largest investors in India-focused private equity (PE) funds. Ms Shrivastava has quit to pursue other opportunities, the firm said in a statement.

Source : 27-08-12   Business Standard   Compiled by Amresh Anjan

New Pension Scheme Gets Popular With Industry

More and more private employers are embracing the New Pension Scheme (NPS. More than 200 private companies are now offering this defined contribution-based retirement scheme to their employees. Since December, 230 to 240 private companies have enrolled for the scheme. About 30 companies under the Reliance Group have chosen NPS. Wipro, Cognizant, Pantaloon, ICICI Bank, Axis Bank and Kotak Mahindra Bank have also adopted the NPS route. The scheme offers a range of investment options with equity exposure of up to 50 percent. During 2011-12, the returns it offered topped 9 percent, compared to 8.25 percent earned by EPF subscribers. The scheme was initially launched for new recruits of the Central Government in 2004, and later extended to state governments and public sector enterprises. The scheme is overseen by the Pension Fund Regulatory and Development Authority.

Source : 26-08-12   Financial Express   Compiled by Amresh Anjan

TCS, Infosys Hire Less But Remain Upbeat

Top software companies hired considerably fewer people in the June quarter because of the global slowdown. Net employee addition at the two largest firms, Tata Consultancy Services (TCS) and Infosys, was the lowest in four quarters. TCS added a net 4,962 employees and Infosys increased its headcount by 1,157. Despite the drop, both companies were upbeat about hiring more this year. Infosys CEO SD Shibulal said about 23,000 offer letters had been issued last year with joining dates starting July. Recruitment has been spaced out to suit the company's requirements. Normally, there is a drop in the numbers of gross addition and net addition of employees in the June quarter. E Balaji, CEO, Randstad India, said this was not the hiring season for major IT firms. Attrition also increases during this period.

Source : 25-08-12   Hindu Business Line   Compiled by Amresh Anjan

Curbs On Pay Related To Esops Relaxed

The curbs imposed on executive remuneration related to employee stock option plans (ESOPs) have been removed. An employee holding shares of up to 0.5 percent of stake in the company will not be considered as having any interest in the capital of the company. This includes shares allotted under any scheme, including ESOPs. Accordingly, the remuneration to such employees would not require approval by the Central Government, the Ministry of Corporate Affairs said in a circular. The Companies Act stipulates that firms which are running in loss or which have insufficient profit cannot pay their employees remuneration exceeding Rs 4 lakh per month without the Centre's approval if such executives hold any shares of the company. The rule also applies to employees who are related to directors or promoters of the company.

Source : 24-08-12   Indian Express   Compiled by Amresh Anjan

Boost Mentoring, Flexi-Culture For Diversity

The science of diversity and inclusion is still young in India, Saundarya Rajesh ,founder-president of FLEXI Careers India says. In a national study spearheaded by FLEXI Careers, women listed mentoring, flexible working and skill-building initiatives as the three enablers that help them stay in their job. Women seek mentors who will invest in them. These could be senior leaders genuinely interested in their progress and ready to stand up for them when required. Flexible working is becoming the most important vehicle of female employee engagement. No longer restricted to women, a number of fathers speak about its importance in creating sustainable careers. This option assures employers of a highly motivated workforce. When at the career-home crossroads, women who have built skills such as gender intelligence, situational leadership and networking are better equipped to cope.

Source : 22-08-12   Hindu Business Line   Compiled by Amresh Anjan

Working Moms Are Healthier Than Non-Working Ones

New research said working mothers enjoy better mental and physical health than those who stay at home. The study was done by Adrianne Frech, assistant sociology professor at the University of Akron, and co-author Sarah Damaske of Pennsylvania State University. They studied data from 2,540 women who became mothers between 1978 and 1995. Women who returned to full-time work shortly after having kids reported greater mental and physical health by age 40. They also have greater mobility, more energy and less depression.

Source : 22-08-12   Hindu Business Line   Compiled by Amresh Anjan

Mcafee Picks MD For India Arm

Internet security solutions firm McAfee has appointed Anand Prahlad, currently Vice-President of Engineering for Endpoint Security, as the Managing Director of Operations of its Indian arm. This will come into effect from October 1. "He will evolve the organisation's approach to product operations on a global level," McAfee has said in a statement here. He will continue his role as a Vice-President in the Endpoint Security group. Sridhar Jayanthi, who led McAfee India for the past 10 years, will take a six-month leave.

Source : 22-08-12   Hindu Business Line   Compiled by Amresh Anjan

Volkswagen Hires India Head

Volkswagen has appointed Arvind Saxena as the Managing Director of Volkswagen Passenger Cars in India.He will be responsible for sales, after sales and marketing of the Volkswagen brand. He will be based out of Mumbai.Prior to Volkswagen, Mr. Saxena was the head of sales and marketing operations at Hyundai Motor India Ltd.

Source : 22-08-12   Hindu Business Line   Compiled by Amresh Anjan

Stressed Execs Seek Out Quiet After-Work Pastimes

Today the average office-goer is increasingly concerned about having his daily quota of relaxation and "me-time". After long, overstretched hours at work, executives need some down time to unwind. However, the way they are chilling out has drastically changed. Most people lack the energy to groove to adrenalin-pumping beats in a discotheque, says Radha Sandhu, a Gurgaon-based psychological counsellor and wellness therapist. People are therefore taking recourse to quieter pastimes to unwind after work hours. Vikram Kalia, general manager products, Intex Technologies, says he focuses on doing simple things such as listening to music while in the car and meditating daily for half an hour. After-work pastimes of men and women are seemingly gender-neutral. Some men de-stress by cooking and doing up their homes while women exercise or indulge in a sport.

Source : 22-08-12   Hindustan Times   Compiled by Amresh Anjan

Delhi-NCR Leads In Job Generation

The Associated Chambers of Commerce and Industry said Delhi and the National Capital Region (NCR) accounted for the largest number of jobs across sectors during the last two quarters. During the quarters ended March and June, 2.7 lakh jobs were created in the country. The NCR region alone accounted for 64,500 of these jobs. Mumbai, Bangalore, Pune and Chennai followed next. Lucknow topped among tier II cities, generating 1,698 jobs. It was followed by Chandigarh, Vadodara, Jaipur and Surat. In the tier III category, Dehradun led with more than 650 new jobs. It was followed by Gwalior, Ludhiana, Bhubaneswar and Raipur. IT and ITeS generated the maximum employment, creating 11,000 jobs in the Delhi-NCR area. Education, automobiles and engineering came next. However, overall job generation fell 20 percent between the March and June quarters.

Source : 20-08-12   Financial Express   Compiled by Amresh Anjan

A Study By Hay Group Says Brain Drain Reversal In The Making

A study by Hay Group has concluded that the "brain drain" phenomenon will reverse as migrants return to their home countries and contribute to local development. Apart from what it termed the "brain cycle", talent will continue to be in demand and retaining employees with key skills will be a challenge, even until 2030, the report said. Organisations will have to strive for attracting, integrating and developing global workers, women, people with experience as well as those saddled with "caring" duties. Employment models will need to be family-friendly and tweaked appropriately for different age groups. Hay Group has also introduced a productivity model which lists nine factors that help engage with and enable employees. As per its findings, 15 percent of the employees are engaged but their organisations fail on the enablement front, leading to dissatisfaction.

Source : 22-08-12   Hindu Business Line   Compiled by Amresh Anjan

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HR Articles: Dec-13 (Part-2)

For more article, Visit at : www.pmiralumni.co.in Slowdown Takes A Toll On Hiring In July- Naukri Job Speak Index The beginning of 2012 had brought in lots of hope and optimism to the country's overall job market scenario but the ongoing global uncertainty, deteriorating GDP figures and the slowing of capital inflows has affected overall domestic growth. The Banking sector has seen the highest month on month dip with hiring activity going down by 16% in Jul-12 when compared to Jun-12. On a monthly level, Oil and Gas, Software services and Auto Sector saw recruitment levels dip within a range of 2% and 4% respectively over the same time period. Although sectors like ITES, Telecom and Insurance have seen about 4% to 8% increase in their hiring levels in Jul-12 when compared to Jun-12, the overall hiring level for these sectors are still 12%, 18% and 35% lower than pre recession levels. Source : 11-07-12   Naukri.com   Compiled by Amresh Anjan Young Workforce Leaning Towards Manufacturing Manufacturing is being viewed as a good career option for youngsters in India. A survey "Engaging the Modern Manufacturing Workforce" commissioned by Kronos found that India topped the list of countries where the sector was regarded as a good career choice. About 92 percent of Indians felt that way. Australia and China were rated the lowest at 74 percent and 70 percent, respectively. However, at 64 percent, India was at the bottom when it came to government support such as policies and reforms for the sector. The study included research across 11 countries, namely, Australia, Brazil, Canada, China, France, Germany, India, Mexico, Spain, the U.K. and the U.S. Labour productivity was considered the primary factor behind the success of manufacturers. India was ranked relatively low on that score with 68 percent, compared to Brazil, Mexico and Spain, which stood at 82 percent. Source : 16-08-12   Financial Express   Compiled by Amresh Anjan Auto Sector Confident Of Riding Out Manesar Crisis The auto industry does not expect any major impact on management-worker relations in the wake of the recent violence at Manesar. Even the Gurgaon-Manesar belt, which is home to another Maruti Suzuki India plant, has not seen any major trouble since the violence. However, Bajaj Auto and Tata Motors plan to undertake wage revisions. These would throw some light on how industrial relations are faring. Union leaders at some auto companies say they do not plan any major strike that would affect production, although labour trouble has broken out occasionally in the past. General Motors does not expect any problem and says it engages with workers quite frequently. It has a plant at Halol in Gujarat, where it had faced prolonged labour trouble in 2009. Source : 16-08-12   Financial Express   Compiled by Amresh Anjan Reliance Life Looking To Add 50,000 Advisors Reliance Life Insurance is planning to hire some 50,000 advisors and 5,500 insurance consultants this fiscal. The company is trying to beat attrition in the current tough environment. Malay Ghosh, president and executive director, says the advisors are being added so that net employee addition remains positive. They will be given a minimum fixed salary to lower the attrition rate, especially in semi-urban and rural areas. Attrition levels have been high due to slow growth, he added. Increased regulation in the industry has also forced many employees to quit. The company has already hired about 7,000 advisors in April and May. The number is expected to cross 50,000 this year. New business premiums are expected to grow 10 percent.Mr. Ghosh expects industry growth to ride on renewal premium from existing customers. Source : 17-08-12   Financial Chronicle   Compiled by Amresh Anjan Sify Technologies Picks CEO Sify Technologies has appointed Kamal Nath as its chief executive officer. He will lead the team that will help realise Sify 3.0; the vision to make Sify Technologies a services and solutions leader. Mr. Nath was a founder member of HCL Comnet, which is the infrastructure services division of HCL Tech, and has been a key member of HCL Tech's growth story over the years. Source : 16-08-12   Financial Express   Compiled by Amresh Anjan Hotel Industry Looking To Raise Headcount Indian hotels are bullish on staffing plans, with 39 percent of the respondents of a TripAdvisor survey saying they were likely to increase staff. The survey placed India fifth in the world for hotels with the best business outlook. Greece was at ranked last. About 6 percent respondents in Indonesia and India reported their business as extremely profitable in the last six months. The percentage was the highest in the Asia Pacific region. The survey covered more than 25,000 hoteliers worldwide, including more than 1,500 from India. Most survey results for India point towards a positive industry sentiment, said Nikhil Ganju, country manager for TripAdvisor India. In fact, even the economic and business outlook for properties indicates better than average business health for India. The country ranked second in the APAC region and fifth in the world. Source : 16-08-12   Hindu Business Line   Compiled by Amresh Anjan Powering Better Employability Among Engineers Hardly 20 percent of engineers graduating in India are employable. To address this problem in part, the Institution of Engineering and Technology (IET) has set up a six-month internship programme to familiarise engineering students with the latest technologies in power engineering. The aim is to promote the power sector as a career option other than IT. The power sector is hungry for talent, because a majority of the employable engineering graduates are absorbed by IT. Shekhar Sanyal, IET country head, said the biggest challenge faced by industry today is that engineers coming out of colleges have great textbook knowledge but fail on the practical front. IET is planning to offer graduating engineers insights into the avenues in core engineering and correct the general perception that IT alone can provide a great lifestyle and good pay packages. Source : 16-08-12   Indian Express   Compiled by Amresh Anjan Businesses Say Senior Executives Are Overpaid A survey by Experian found that a majority of Indian businesses feel shareholders should have a greater say in setting the remuneration policy for senior executives. Around 70 percent of the participants polled said shareholders should have a greater say. Approximately 78 percent believed that senior executives were paid too much. The survey covered 2,800 businesses in 40 countries. More than three-quarters of the participants felt that public companies should disclose the remuneration policy and individual remuneration of executive and non-executive directors. Some 86 percent said CEO and chairman functions should be distinct. The results clearly indicate growing caution amid shareholders regarding how their money is being spent and by whom, said Vinamra Shastri, Grant Thornton partner and practice leader, business advisory services. There is an urge for transparency because of the recent instances of financial mishandling by managers. Source : 14-08-12   Hindu Business Line   Compiled by Amresh Anjan Motorola To Cull Jobs; Reebok India Takes VRS Route Motorola and Reebok are shedding staff in India. Cellphone manufacturer Motorola Mobility is planning to limit operations in India and let go of 4,000 employees worldwide. The company, which Google bought last year, is restructuring to revive its faltering fortunes. The effect on Motorola's India workforce was not immediately known. The company's new CEO, Dennis Woodside, said it will close down a third of its 94 offices globally and let go of 20 percent of its total workforce. A third of the cuts would be in the U.S. Google has also revamped the management at Motorola by laying off 40 percent of its vice presidents and hiring new senior executives. Separately, sportswear brand Reebok is planning to offer voluntary retirement scheme to employees, open till the month-end. The company has staff strength of 200 in the country. Source : 13-08-12   Financial Express   Compiled by Amresh Anjan Tata Motors Hires Ex-GM India Head Tata Motors Ltd has appointed former General Motors India head Karl Slym as its managing director, replacing P.M. Telang who retired in June.He will lead Tata Motors' operations in India, South Korea, Thailand, Spain, Indonesia, and South Africa, the company said in a statement. His appointment is effective 1 October.The revenue-spinning European subsidiary Jaguar Land Rover (JLR) will continue to be managed independently. Source : 15-08-12   Mint   Compiled by Amresh Anjan 30% Fall In Job Creation In Ahmedabad Feeling the impact of slowdown in the Indian economy and the global economic crisis, Ahmedabad has fallen way behind in the generation of new jobs. Job creation in city fell over 30% in the first quarter (April-June) of 2012-13 compared to fourth quarter (January-March) of 2011-12.Ahmedabad created only 3,900 jobs during the first quarter of 2012-13, a survey conducted by Associated Chambers of Commerce and Industry of India (Assocham) on job trends reveals."Job generation in Ahmedabad has fallen by over 30% as against over 20% fall across the country. It clearly illustrates a clear slowdown in employment," national secretary general of Assocham, DS Rawat said. Besides, Ahmedabad's share in the total job generation across India is a paltry 3.1% compared to Delhi-NCR which accounts for over 23%, according to the survey conducted by tracking information in 32 sectors.The survey also highlights the failure of other parts of Gujarat in job creation, an indicator of slowdown. Vadodara and Surat offered between 1000 and 1500 jobs. However, the growth has been negative, Assocham data showed. There has also been a dip ranging between14-33% across the rest of the seven metros –Bangalore, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune. Source : 20-08-12   DNA   Compiled by Amresh Anjan IIT-B Defies Slowdown As Salaries For Students Rise Despite the economic slowdown, placements at the Indian Institute of Technology — Bombay (IIT-B) have been better than last year. Companies made more job offers in the highest salary bracket — which has been redefined from Rs. 8.5lakh and above to Rs. 9.5lakh and above — this year as as compared to last year. While in 2010-11 there were 286 job offers in the Rs. 8.5 lakh and above annual salary bracket, in 2011-12 there were 322 offers in the Rs. 9.5 lakh and above annual salary bracket. There were more offers in second highest salary bracket too as compared to last year. The average annual salary offered to students has increased from Rs. 7 lakh last year to Rs. 7.5lakh this year. Source : 18-08-12   Hindustan Times   Compiled by Amresh Anjan New Company Law To Boost Gender Diversity The Companies Bill, 2011, that may soon come into force looks to reduce gender disparity on company boards. It was unanimously signed off at a parliamentary committee meeting. The Bill is currently awaiting final comments from the Finance Ministry and the Planning Commission, a top Corporate Affairs Ministry official said. It will replace the 56-year-old Companies Act and ensure transparency and increase accountability. The new law will introduce a quota for women on company boards. The move is intended to address gender disparity on boards and bring the gender mix in line with companies in the U.S. or Europe. For the very first time, there will also be a legal provision for class action suits against companies. It will also usher in the concept of independent directors. At least a third of the directors of a listed company must be independent. Source : 14-08-12   Mint   Compiled by Amresh Anjan Mainline Airline Pilot Hiring To Increase In USA Mainline carriers in the USA are expected to increase their pilot hiring during the second half, even as some plan capacity cuts.Delta Air Lines, which plans to cut capacity by about 1% this year compared to 2011, is understood to need additional crews to replace retirees and to fly 88 Boeing 717-200s they will receive from Southwest Airlines beginning in 2013, according to sources.Alaska Airlines and US Airways, which are the only two mainline carriers that will increase capacity this year, plan to hire pilots for their 2013 flying needs, say the airlines. They anticipate that capacity will increase by 6% and 2%, respectively, this year. Source : 17-08-12   Flightglobal.com   Compiled by Amresh Anjan HCL, Wipro, Infosys Hiring Youngsters To Lead Emerging Technologies Social media, mobility, analytics and cloud computing (SMAC) have become the utmost requirements of any successful business. Acknowledging the scenario, most IT companies are focusing on these areas. IT companies in India are turning to younger people to lead these areas.It is believed, that younger professionals tend to be more tuned with the latest technologies and more easily adapt to them. Deepak Jain who is global head of work force planning and development of Wipro Technologies, has shared has shared his views that Wipro also requires professionals who are young and can understand cloud solutions. As far as Infosys Technologies is concerned, it is also focusing on cloud, mobility and product development. For this, Infosys Technologies is looking for young professionals these days. Source : 20-08-12   Itvoir.com   Compiled by Amresh Anjan

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HR Articles: Dec-13 (Part-1)

For more article, Visit at : www.pmiralumni.co.in Working Women Rank Low In Bridal Preferences When looking for a life partner, men seem to prefer non-working women. A study by matrimonial site Jeevansathi.com found that grooms going in for arranged marriages are increasingly searching for women who are home makers. In the last one year, the demand for women who are not working has gone up 15 percent. Grooms these days want a more peaceful, family-oriented life, which is why they prefer non-working women, said Rohit Manghnani, business head, Jeevansathi.com. Software engineers are the most sought after prospective grooms on matrimonial sites, the study said. They get 26 percent of the marriage initiatives, non-IT engineers 9 percent, businessmen 8 percent and banking professionals 7 percent. The tide seems to have turned against government employees, who feature much lower in the list, with only 7 percent of prospective brides showing such a preference. Source : 08-08-12   Jeevansathi.com   Compiled by Amresh Anjan Survey Says Q2 Business Confidence Hit Low consumer demand and the slow rate of reforms affected business confidence between July and September. The Confederation of Indian Industry (CII) business confidence index for the period fell 3.7 points to 51.3. It had risen to 55 in the April to June quarter. The index was at 52.9 between January and March. The fall is an indication of dampened business sentiment prevailing for the last few quarters, said Chandrajit Banerjee, director general, CII. A majority of the respondents polled expect credit availability to fall or remain unchanged in the current quarter from the previous quarter. However, the investment climate is likely to improve with, more than half of the companies planning to boost investments. About 46 percent of the survey participants said GDP growth would be between 6 percent and 6.5 percent this fiscal. Source : 11-08-12   Financial Chronicle   Compiled by Amresh Anjan PM Confident, But Fitch Raises Rating Cut Spectre Fitch Ratings said the possibility of downgrading India's sovereign rating in the next year or two is more than 50 percent. This came amid Prime Minister Manmohan Singh's warning to global rating agencies on India's growth forecasts. Fitch had lowered India's credit outlook from stable to negative on June 15. There is more than a likely chance of revising the rating downwards from BBB- to BB+ in the next 12 to 24 months. The downgrade is an indication that medium- to long-term growth could gradually worsen if structural reforms are not put into motion, affecting investor sentiment and borrowing costs. Another rating agency Moody's recently cut India's growth estimate to 5.5 percent because the slowdown was more deeply entrenched than expected. Source : 11-08-12   Deccan Herald   Compiled by Amresh Anjan Four Sectors May Lift Job Numbers By 16 Lakh A study by the Associated Chambers of Commerce and Industry said job creation in healthcare, hospitality, IT and IT-enabled services (ITeS) may witness an upswing this fiscal. These sectors are unaffected by the economic environment and are likely to create 16 lakh jobs in 2012-13, Secretary General DS Rawat said. Healthcare and IT/ITeS would add the maximum number of jobs followed by hospitality and media, he added. Healthcare alone is expected to create about 4.5 lakh jobs in 2012-13 and IT/ITeS more than 3.8 lakh. The study also reported a positive trend in campus placements. It is likely to continue for the next six months to 12 months. The booming tourism industry may create more than 3.7 lakh jobs in a year. The media and entertainment industry is expected to create 3.5 lakh jobs. Source : 11-08-12   Financial Chronicle   Compiled by Amresh Anjan Talent Tests More In Vogue With Off-Campus Hiring As companies move away from campuses, they are expected to rely more on assessment tests. The slowdown and the not so encouraging quarterly results have prompted companies to increase their off-campus intake to 30 percent from the previous year's 10 percent, say industry observers. IT companies such as Wipro, Infosys and HCL Technologies have decided to step up their off-campus hiring. This is the first time that the leading five or six IT companies have decided to use tests such as NAC-Tech by NASSCOM and IRIX by Pearson-PurpleLeap when hiring freshers, says Sangeeta Gupta, vice president, NASSCOM. Previously, these tests were more popular with midsize IT companies. Almost 50,000 students have taken NAC-Tech in the last three years. These tests will also mean students from tier II and III colleges would also be able to apply in bigger companies. Source : 13-08-12   Financial Chronicle   Compiled by Amresh Anjan Sudhir Mathur Joins Cairn India As CFO Sudhir Mathur has joined Cairn India as its Chief Financial Officer. Prior to this, he was with Aircel Cellular as its CFO. His appointment comes on the heels of Cairn India's Chief Executive Office Rahul Dhir stepping out of the company on August 31.Sudhir Mathur graduated in Economics from Delhi University and completed a Masters of Business Administration from Cornell University. He was also associated with Delhi International Airport, Idea Cellular, Ballarpur Industries and Price Waterhouse Coopers India. Source : 10-08-12   Hindu Business Line   Compiled by Amresh Anjan Lower June Output Raises Downgrade Risk The index of industrial production (IIP) fell 1.8 percent in June owing to a drop in manufacturing activity. Capital goods and non-durable goods also fell sharply, giving all indications of a very poor first quarter of the current fiscal. Official data showed the index fell 0.1 percent in the quarter ended June, compared to a 6.9 percent growth in the same quarter last year. Finance Minister P Chidambaram attributed the decline to lower production in the manufacturing sector, which recorded negative growth in June, -3.2 percent, and in the June quarter, -0.7 percent. Apart from manufacturing, capital goods also declined 27.9 percent and consumer non-durables 1 percent. The fall in the index has increased the chances of the first sovereign ratings downgrade for India in more than a decade. Source : 11-08-12   Hindu Business Line   Compiled by Amresh Anjan Bolster Women Networks, Add Skill Training Women networks are important in offices and deserve more attention. Networks serve as platforms to find mentors and sponsors, and can provide companies with an excellent opportunity to spot talent. However, such networks need to build more credibility. A study conducted by the Simmons School of Management in 2011 suggests that the efficacy of a women's network is enhanced if it provides skill-building opportunities or senior management visibility. Unlike men, women shy away from typical male-bonding opportunities over beer or a game of football. They are reluctant to compromise on family time. Thus, companies should organise events around short lunch or breakfast meetings and include some skill training. Saundarya Rajesh, founder and president of AVTAR Career Creators and FLEXI Careers India, says most women today seek mentoring, flexible working and skill-building initiatives. Source : 11-08-12   Hindu Business Line   Compiled by Amresh Anjan Citi, CLSA Pare FY13 Growth Forecast For India Citibank and global brokerage CLSA have cut their growth estimates for India to 5.4 percent and 5.5 percent, respectively. Citi had earlier estimated growth this fiscal at 6.4 percent but pared it to 5.4 percent. All growth drivers have been affected. If drought conditions worsen, growth may drop to 4.9 percent, according to the report by Rohini Malkani, chief economist, Citi India. CLSA joined Citi in trimming the GDP growth estimate to 5.5 per cent from 6 percent earlier. Senior Economist Rajeev Malik said this may not be a final revision because the monsoon is not yet over. Source : 12-08-12   Hindu Business Line   Compiled by Amresh Anjan FICCI Sees Manufacturing, Hiring Taking A Hit In Q2 A survey by the Federation of Indian Chambers of Commerce and Industry (FICCI) said second-quarter manufacturing growth may be subdued. The survey drew responses from 418 manufacturing units. Demand was low, with only 31 per cent of the respondents saying they had higher order books for July to September. More than 70 percent of respondents did not plan to add to their workforce in the next three months. The rupee depreciation has affected the sector. Some 67 percent respondents said imported raw materials were 5 percent to 25 percent costlier. Sectors such as automobiles, electronics, capital goods, chemicals and textiles were affected the most. However, 42 percent of those polled said, exports had improved on the back of a weak rupee. Sectors likely to witness growth in the second quarter were chemicals, textiles, paper, capital goods and electronics. Source : 12-08-12   Hindu Business Line   Compiled by Amresh Anjan IT Unfazed By HSBC, Stanchart Outsourcing Cases The recent controversy surrounding the outsourcing models at HSBC and Standard Chartered will not affect the IT/BPO industry in India. Industry observers said these were isolated cases that involved only the captive arms of the companies. Swami Swaminathan, CEO, Infosys BPO, said most service providers and clients have a fair amount of risk and compliance processes in place. Therefore, such isolated instances will not hurt the industry. A probe by the U.S. Department of Financial Services had found irregularities in money laundering controls in outsourcing by Standard Chartered to India. Source : 10-08-12   Business Standard   Compiled by Amresh Anjan B-Schools Offer Niche Courses To Meet Varying Needs Institutes are offering specialised programmes to students seeking other than plain vanilla courses. XLRI, Jamshedpur, runs an executive management programme for former defence personnel to polish their skills and prepare them for the corporate world. The Welingkar Institute of Management Development & Research has rolled out E-Biz, an electronic business course. According to Uday Salunkhe, group director, while several IT-related courses are available in the country, there is need for a mix of system knowledge and management education. The global sports equipment industry valued at £200 billion requires graduates with a mixture of high-level engineering skills and knowledge of sports physiology and biomechanics. U.K.'s Sheffield Hallam University is offering a master's course in sports engineering and sports business management. Imarticus Learning is introducing in September courses for certified investment banking IT professionals and certified investment banking operations professionals. Source : 10-08-12   Business Standard   Compiled by Amresh Anjan Placement Record Key In Choice Of Institution When enrolling for higher education, a majority of students first look at an institution's placement record. A study by Google India and market research firm TNS Australia polled 2,229 students from seven Indian cities. About 56 percent rated placements as the most important criterion for selecting an institute and course. For 49 percent, the second criterion was faculty, followed by course content at 48 percent, reputation 43 percent and fees 41 percent. Students take huge loans for their education, said Debashish Sanyal, dean, Narsee Monjee Institute of Management Studies. It is thus natural for them to expect good placements. The survey also examined search patterns of people in the 18 to 35 age bracket. Some 44 percent searched for courses in IT and vocational subjects and 40 percent engineering. Queries related to education were up 46 percent. Source : 10-08-12   Hindustan Times   Compiled by Amresh Anjan Job Openings In U.S. At Four-Year High In June In a sign that the U.S. job market may be recovering, employers posted the most job openings in four years in June. The openings increased to a seasonally adjusted 3.8 million in June, up from 3.7 million in May, the Labour Department said. Manufacturing, education, healthcare and hotels and restaurants all posted more openings. Retailers and state, local and federal government agencies reduced available jobs. The numbers follow last week's report which said employers added the maximum number of jobs in five months in July. This could signal improved recruitment in the coming months. Hiring remains competitive despite the increase. There were 12.7 million unemployed people in June, or an average of 3.4 unemployed people for each job. Lay-offs fell to 1.8 million in June, down from nearly two million in May. Source : 10-08-12   Deccan Herald   Compiled by Amresh Anjan Unhealthy Routine Telling On IT Professionals Unhealthy eating habits, hectic work schedules and strict deadlines are taking a toll on the health of IT professionals. According to a study by the Associated Chambers of Commerce and Industry, about 55 percent of the youth employed in the IT sector suffer from chronic health problems. The study polled about 2,000 young men and 1,000 women in the age group of 22 to 30 in Bangalore, Chennai, Hyderabad, Gurgaon, Noida and Pune. Irregular meals and incessant telephonic conversations were causing gastric problems, fatigue and headaches. Apart from that, junk food, lack of physical exercise, long working hours and lack of sleep was affecting the health of BPO and IT professionals in the cities. Most of them eat food from small, takeaway restaurants and this may have a detrimental effect on their health in the long run. Source : 07-08-12   Hindu Business Line   Compiled by Amresh Anjan

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