HR Articles: Dec-13 (Part-7)

For more article, Visit at : www.pmiralumni.co.in Planning Commission Looks 8% Percent Economic Growth

Planning Commission Deputy Chairman Montek Singh Ahluwalia said the country was focusing on getting back to 8 percent economic growth. Mr. Ahluwalia said a return to the path of high growth would bring more jobs and help promote inclusive growth. He did not agree that the recent drop in growth had been "anti-jobs". A growth focus does not necessarily take a toll on jobs. The global financial crisis in 2008 had pulled down India's growth rate to 6.7 percent from more than 9 percent earlier. It dropped further in 2010-11 to 6.5 percent. Mr. Ahluwalia said the focus should be on bringing back growth, and jobs as well as inclusive growth would follow. The 12th Plan ending 2017 has set a growth target of 8.2 percent, up from 7.9 percent achieved in the 11th Plan.

Source : 14-10-12   Hindu Business Line   Compiled by Amresh Anjan

Employment Losses Loom At Fedex And Siemens

A voluntary departure programme at global delivery firm Fedex next year may put several thousands out of a job. The job cuts would be effected at both global delivery service Fedex Express and the U.S. arm Fedex Services, said Chairman Fred Smith. The firm is looking to save costs and add $1.7 billion to its profits by 2016. It had already been warning of the impact of the global downturn on its business. German firm Siemens is looking to trim its workforce, adds Times of India. This follows failure of Chief Executive Peter Loescher's efforts for growth through energy-saving and infrastructure products. Germany's largest company by market cap may cull positions and shut some offices globally. Operating across 190 countries, Siemens had 410,000 employees at June-end, with 129,000 of them based in Germany.

Source : 14-10-12   Financial Express   Compiled by Amresh Anjan

Tata Steel To Lay Off More Europe Staff This Year

Another round of lay-offs is in the offing at Tata Steel Europe this year. The company, known as Corus before the Ratan Tata-led group bought it, has a 30,000-strong workforce. Karl-Ulrich Kohler, CEO and managing director of the company, said the move to cut jobs was an ongoing process. The culling was part of the company's way of preparing for worse times to come. It has already been affected by the global economic crisis, as well as by the lack of captive raw material resources, which its parent concern in India has in plenty. The firm's CEO did not say how many workers would be affected in the second round of retrenchments. Tata Steel Europe had announced earlier that it would be laying off 1,500 workers in Europe, most of them in northern England.

Source : 15-10-12   Financial Chronicle   Compiled by Amresh Anjan

Ravi Shankar G Named Jet Airways CFO

Naresh Goyal-promoted Jet Airways has appointed Ravi Shankar G as its chief financial officer. The appointment is effective October 10, the company said in a filing to the exchanges. Mr. Shankar replaces M Shivkumar, who had quit as vice-president (finance) in June, along with company secretary Monica Chopra.

Source : 12-10-12   Financial Express   Compiled by Amresh Anjan

Qualifications No Bar To Career Options

Young entrants into the workforce are making career choices away from their fields of education. This trend is especially marked among engineering students. Youth4work.com, a portal chiefly targeting graduating students, found that only 10 percent respondents pursuing engineering courses intended to work in the same sector. Edukart.com, CEO Ishan Gupta said IT was the favoured sector in the 1990s, but economic conditions today have opened several other options to students. Of the 4,000 students surveyed countrywide by Youth4work.com, some 15 percent of engineering students were keen on careers in writing and 12 percent in fine arts. Among MBA students, 85 percent were interested in IT and animation. Even professionals switch sectors for a variety of factors such as low pay and professional stagnation, according to ApnaCircle.com founder and CEO Yogesh Bansal.

Source : 12-10-12   Financial Chronicle   Compiled by Amresh Anjan

Organised Flexi Staffing To Employ 9 Mn By 2025

The flexi worker base in India is projected to grow to 9 million by 2025, according to a report issued by Indian Staffing Federation (ISF), an apex body of staffing companies in India. The research for the study was conducted by Indicus Analytics.The study said that India was among the top five nations in terms of flexi worker base, which currently stands at 1.3 million. It said that India was among the five least protected countries when it comes to flexi workforce inspite of having an elaborate regulatory framework. In terms of the sectors, it has been pointed out that retail, telecom, manufacturing, pharma, hospitality and agriculture sectors were increasingly going flexi The survey said that of the total flexi workforce, 82% people were under the age of 30 years, adding that 27% of Indians joined the flexi workforce due to lack of any alternative opportunity in the formal sector.

Source : 10-10-12   Business Standard   Compiled by Amresh Anjan

Engineering R&D Industry Growth Prospects Look Bright

A NASSCOM and Booz & Co. report said Indian engineering service providers are set to grow, thanks to a large pool of skilled talent. Offshoring revenues are expected to shoot up 50 percent in the Indian engineering R&D space by 2020, according to the report. The trend will be led largely by automotive, consumer electronics and telecom firm. Global automotive or aerospace companies are increasingly looking to India to co-develop a product instead of working merely on specifications, according to Ravi Pandit, chairman, NASSCOM Engineering Forum, Pune, and group CEO, KPIT Cummins. The Indian ER&D outsourcing industry is set to reach $37 billion to $45 billion by 2020, accounting for 35 percent of the worldwide ER&D market. The global market, currently pegged at $10.2 billion, is estimated to reach $118 billion by 2020.

Source : 10-10-12   Hindu Business Line   Compiled by Amresh Anjan

IT Sector In Dire Need Of Labour Norms

There is a strong case for application of the Industrial Employment (Standing Orders) Act to the IT industry, HR consultant Ganesh Chella says. The sector is currently running without a legal framework despite the size and nature of its workforce. Industry leaders seem to be ignoring the larger implications. Lay-offs abound, and in the absence of guidelines, are executed in U.S. style. Many instances of fraud and corrupt practices in employment and sexual harassment have been reported. Yet, despite mounting public opinion, it has taken no action. For an industry of this scale, there is no system of external audit of working conditions or support systems, nor have any industry good practices been set out. Matters such as employee rights and responsibilities need to become more formally defined and cannot be left ambiguous.

Source : 10-10-12   Hindu Business Line   Compiled by Amresh Anjan

Cummins To Cut 1500 Jobs

US engine maker Cummins Inc lowered its 2012 forecast for the second time this year, citing delays in customer spending due to a weakening global economy, and said it would cut up to 1,500 jobs. Cummins now expects full-year sales of $17 billion, down $1 billion from its prior view.Investors expected a guidance cut from Cummins this quarter but this does look to be a bit more than expected, William Blair & Company analyst Lawrence De Maria said. Chief Executive Tom Linebarger said Cummins had lowered its full-year revenue forecast for several markets, with the most significant changes made in the North America heavy duty truck and the international power generation markets.Demand in China has weakened in most end markets and we have also lowered our forecast for global mining revenues, Mr. Linebarger said.

Source : 10-10-12   Indian Express   Compiled by Amresh Anjan

Alok Kumar To Head Swiss Re Shared Services India

Swiss Re Shared Services (India) has appointed Alok Kumar as its head.He will succeed Paula Patel, who has been heading the company since May 2007. Mr. Kumar joined Swiss Re in 2001 as a property pricing specialist in Calabasas, US and has worked in Zurich in Switzerland as a natural perils specialist. He also had assignments in Seoul in South Korea as a treaty underwriter before taking up responsibilities for the Cat Perils India Hub in 2007.He became the head of risk management in March, 2011 and was working from Bangalore. Mr. Kumar has a bachelor of engineering degree from Indian Institute of Technology (IIT), Roorkee and a MS from Texas Tech University.

Source : 10-10-12   Business Standard   Compiled by Amresh Anjan

Say-In-Pay Trend Gathering Pace Globally

Mercer said shareholder activism is changing executive remuneration across the globe. Performance has become a key priority and is being increasingly linked to reward. This single biggest executive remuneration trend observed in 2012 is being fuelled by the heightened desire for corporate governance, a Mercer report noted. Accountability is getting top priority in the Asia-Pacific region, where executive remuneration committees are less well developed. In India, too, the Reserve Bank of India has set new guidelines on remuneration for bank executives. Elsewhere in Asia, Hong Kong has updated listing rules on corporate governance and Singapore has mandated more disclosure requirements. Shareholders are getting vocal in the U.K. and the EU and pay freezes are being adopted to curb excessive remuneration. In the U.S., say-on-pay rules are bringing in greater transparency and shareholder communication.

Source : 10-10-12   Hindu Business Line   Compiled by Amresh Anjan

Expansion Plans Fuel Hiring In Private Banks

Private banks have been hiring aggressively, adding 42,334 employees in 2011-12. According to data with the Reserve Bank of India (RBI), private banks added 5,664 branches during the year, thus increasing their share of branches from 13 percent in 2007-08 to 16.7 percent. In public sector banks, attrition rose on account of retirement. The headcount at State Bank of India shrank the most, with the workforce down by 7,400. Public sector banks will thus resort to more hiring to replace retiring staff. The cost per employee in public sector banks rose to Rs 7.4 lakh from Rs 7.2 lakh a year ago. In the private sector, it was Rs 6.9 lakh against Rs 6.5 lakh a year ago. New private banks seem to be better paymasters, with an average cost per employee of Rs 7.2 lakh.

Source : 10-10-12   Hindu Business Line   Compiled by Amresh Anjan

Reckitt Benckiser Hires India GM

Consumer durable firm Reckitt Benckiser has appointed Akhil Chandra as General Manager for India with immediate effect.Prior to this Mr.Chandra was with GlaxoSmithKline Consumer Healthcare as its Vice President and General Manager- Asia. He will report to Chander Mohan Sethi, Senior Vice President and Regional Director South East Asia and he will be based at the head office in Gurgaon.

Source : 09-10-12   Hindu Business Line   Compiled by Amresh Anjan

Prasar Bharati Opens Hiring Tap After 15 Years

Close on the heels of a financial package including some waivers approved recently by the Union Cabinet, Prasar Bharati today announced that the government had approved the filling up of 1150 posts in the programming and the technical wings of Doordarshan and All India Radio.These posts are part of the 3452 essential category posts which were approved by the Group of Ministers (GoM) headed by the present Finance Minister P. Chidamabaram in 2011. A majority of these posts belong to Group B & C, that is, Grade Pay of less than Rs 4,600. While the Group B & C would be filled up by Staff Selection Commission, the remaining would be filled up by the Prasar Bharati Recruitment Board. The recruitment process is expected to be over by middle of the next year.

Source : 16-10-12   Indiantelevison.com   Compiled by Amresh Anjan

Slowdown In Hiring Street As IT Firms Hit The Brakes

For the past two years, Cognizant Technology Solutions along with the Vellore Institute of Technology, Chennai, has been figuring in the Limca Book of Records for the highest number of placements done by a single company on a single day. Cognizant had given 1,820 job offers in 2012 and 1,643 offers in 2011 to students at VIT. This year, however Cognizant offered only 803 job offers at VIT, less than half of what it did last year.Accenture and Wipro however, made this gap good by offering 1,492 and 1,308 jobs, respectively."The scenario is that of a big recession. Every company wants to cut recruitment by 50% and several institutions are feeling the heat. The European slow down is having its impact on the placement initiatives of the big companies," said VIT University Vice President G V Sampath. Thus, IT companies, which most of the engineering institutes banked on, for reporting 100% placements, are cutting down on recruitment.

Source : 14-10-12   Business Standard   Compiled by Amresh Anjan

 

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HR Articles: Dec-13 (Part-6)

For more article, Visit at : www.pmiralumni.co.in 11 % Recruiters From The Auto Sector Say No Hiring In Coming Months And 5% Predict Layoffs: A Naukri.Com Survey

The Indian Auto market has slowed down in the last few months owing to a combination of service changes, tax hikes and slowing auto sales. A survey with recruiters from the Auto sector revealed a cautious sentiment with 65% expecting to add jobs in the coming months. A similar survey done in the beginning of the year had seen none of the recruiters predicting any layoffs or hiring freeze. However, now about 11% recruiters anticipate a hiring freeze and about 5% say that there could be layoffs as well. A look at the recruitment trends for the sector in 2012 shows that the year began on a positive note and then the overall job growth for the sector remained more or less flat in the first half of the year. However, June-2012 onwards there has been a continuous month on month dip in hiring activity. Aug-12 saw 14% lower hiring than June-12 and 12% lower than what it was six months ago.

Source : 01-10-12   Naukri.com   Compiled by Amresh Anjan

E-Mails From Bosses Ruin Weekends For Over 40% Employees

At least 40 per cent workers have admitted that weekends are no longer a time to get away from the stress of office as they regularly get weekend emails from their boss, a new survey has found. A study by Right Management of over 600 employees in the US and Canada found that 40 per cent of workers get emails from their boss on weekends, who they say expect a response. "It's one thing to get broadcast or informational emails after office hours, but it's now a given that everyone has to check their emails at least once a day, Saturday and Sunday included," said Michael Haid, senior vice president of talent management for Right Management.

Source : 24-09-12   Financial Express   Compiled by Amresh Anjan

International Labour Organisation Norms For Worker Protection

Unorganized labour in India may finally get a voice, with the country planning to adopt international norms for their protection. Labour minister Mallikarjun Kharge said India would adopt the International Labour Organisation(ILO) norms for protecting workers' right to collective bargaining, and for upgrading occupational safety standards. India, which holds a permanent seat at the governing body of ILO, has so far ratified 43 of the 189 Conventions. Ratification of the ILO Conventions will encourage voluntary negotiations in order to regulate terms and conditions of employment through collective agreements. There is no legal compulsion so far on employers to enter into a collective bargaining with worker unions. The Conventions also protect workers against any act or acts by an employer to make the employment of a worker conditional on desisting from union membership.

Source : 27-09-12   Financial Express   Compiled by Amresh Anjan

Tech Firms Attempt To Shed Job Taker Tag In U.S.

Indian tech companies in the U.S. are stepping up efforts to ensure they are not perceived as taking away jobs. Tata Consultancy Services has opened another development centre in Minneapolis, Minnesota. The 300-strong facility will serve as a delivery hub for its regional customers. Infosys has opened a new centre in Milwaukee, Wisconsin, that seats 125 employees. The facility will support marquee client Harley Davidson. MindTree has set up its first development centre in Gainesville, Florida, andiGATE's new development centre in Washington DC is slated to create 250 new jobs. The expansion in the U.S. market is driven by the need to improve the image of Indian IT in a presidential election year. Clients are increasingly demanding that companies be present locally. That, coupled with a higher rate of visa rejections, has changed the dynamics of outsourcing.

Source : 26-09-12   Hindu Business Line   Compiled by Amresh Anjan

Hiring Managers Prefer Senior Workers Over The New Generation

Mature workers in the 50-plus age group stand three times higher chances of being recruited than Gen Y. According to a study by staffing and recruiting agencyAdecco, hiring managers have a greater affinity for mature workers than for Gen Y, or those born between 1981 and 2000. Sixty-six percent female hiring managers said they were more likely to hire a mature worker than their male counterparts, of whom 52 percent agreed. About 91 percent respondents valued mature workers for their reliability, 88 percent professionalism and 75 percent a positive work ethic. However, the greatest challenge 39 percent reported in hiring mature workers was the comparative difficulty in learning and adapting to new technologies. Older workers often lacked self-promotion skills, thus failing to push their case and secure a job, the survey of some 500 hiring managers in the U.S. found.

Source : 26-09-12   Indian Express   Compiled by Amresh Anjan

International Monetary Fund Worries About High Global Unemployment

The International Monetary Fund (IMF) has called for a "strengthened analysis of labour markets" in the backdrop of persistently high joblessness. The global economic slowdown is expected to push up unemployment 3 percent this year. Citing International Labour Organisation (ILO) data, IMF said unemployment worldwide may reach 202 million in 2012, up from 196 million in 2011. The number approximately equals the combined population of Australia, Mexico, Switzerland and the U.K. Unemployment among youth may touch 75 million this year, which is nearly the size of Turkey's population. Demand in developed nations has slackened, which in turn has caused emerging economies to slow. Employment or training guarantee schemes, especially for the young workforce, could act as a safeguard against the slowdown. In this regard, India's national rural employment guarantee scheme (NREGA) drew appreciation from ILO.

Source : 25-09-12   Financial Express   Compiled by Amresh Anjan

Low Capex Growth May Affect Hiring Says Morgan Stanley

Morgan Stanley said capital expenditure (capex) growth in India may be just 9 percent and hiring will be restricted only to junior levels. As far as hiring is concerned, there will be an additional 5 percent increase in the employee base. At the segment level, salary growth in FY12 in large businesses substantially exceeded that at midsize companies. Salary increases will be low in consumer, healthcare, industrials and utilities in FY13 compared to last year. Growth will be higher in commodities, financials and technology, media and telecom. More companies may prefer hiring at the junior level rather than at senior levels. They continue to rely on utilising profits and bank credit as key sources of funding. Equity supply will likely be subdued for the third successive year, Morgan Stanley analysts Sheela Rathi and Ridham Desai said.

Source : 25-09-12   Financial Chronicle   Compiled by Amresh Anjan

Barclays Will Shut Down Three India Branches

Barclays will close three of its nine branches in India by the month-end. The move is part of a plan to reduce focus on retail banking operations. Home-grown lenders such as State Bank of India and ICICI Bank are giving a rough time to foreign banks in the local retail market. The British bank is expected to cut up to 40 jobs as a result of the closure of the three branches. The branches are in Rajahmundry in Andhra Pradesh, Ahmednagar in Maharashtra and Junagadh in Gujarat. Some smaller branches are also slated for closure over the next few months. The decision was taken to sharpen Barclays' focus on corporate and investment banking and wealth management in India, the bank said in a statement. Only a core network of branches will cater to high net worth individuals.

Source : 25-09-12   Financial Chronicle   Compiled by Amresh Anjan

Talent Development Lessons From Philippines

Indian IT is picking up business in the Philippines by setting up BPOs in that country. Companies including Genpact, Hinduja Global Solutions, Infosys, Aegis,HCL Technologies, Wipro and WNS Global Services have set up their offices there. These companies are servicing global clients from their centres there. The Aegis BPO, for instance, has six centres and a workforce of about 12,000. The spoken English accent is more acceptable to clients in the U.S. and the U.K. The Philippines' time zone too is an advantage. Moreover, the Government supports the BPO industry in a big way. Pramod Bhasin, vice chairman, Genpact, says there are lessons to be drawn from the Philippines in terms of government commitment to talent development as well as better infrastructure which cuts commute time.

Source : 25-09-12   Hindu Business Line   Compiled by Amresh Anjan

Brokerages May Start Recruiting Again Next Year

Stock brokers may start hiring again from next fiscal if investor sentiment revives. Hundreds of analysts, dealers and back office staff have lost their jobs since the 2008 meltdown. The total number of employees dropped by more than 1,000 in the last one year, data available with Capitaline shows. Geojit-BNP Paribas Financial Services saw a decline of 491 people between 2011 and 2012. Emkay Global Financial Services saw a reduction of 239 during 2010-12. CJ George, managing director, Geojit BNP Paribas, attributed the decline to the firm's decision not to fill vacancies created. If volumes look up, all broking firms will begin to hire once more, he added. Motilal Oswal, chairman and managing director, Motilal Oswal Financial Services, says sentiment may improve as the markets have responded well to the recent reforms announced by the Government.

Source : 24-09-12   Financial Chronicle   Compiled by Amresh Anjan

Ford, As Well As Lumeris Plan To Expand India Workforce

Multinational companies are gearing up to boost their headcount in India, The Hindu Business Line reports. Ford is planning to hire nearly 1,200 employees in the next one year at its facilities in Maraimalai Nagar and Coimbatore. Joe Hinrichs, president, Ford Asia-Pacific and Africa, communicated the plans to Tamil Nadu Chief Minister J Jayalalithaa. The company started its plant in Maraimalai Nagar in 1995. It has a workforce of nearly 5,200 employees. IT solutions provider Lumeris is also planning to recruit 2,000-3,000 people globally in the next three years. A large number of these will be for India, said W Michael Long, chairman and CEO of Lumeris and Essence Group Holdings. The company has a development centre in Hyderabad which employs 110 people. It is focused on developing cloud-based technology that has assisted in healthcare reforms in the U.S.

Source : 24-09-12   Hindu Business Line   Compiled by Amresh Anjan

L&T Mutual Fund Appoints Soumendra Nath Lahiri As Equity Head

L&T Mutual Fund has announced the appointment of Soumendra Nath Lahiri as the Head of Equity. Soumendra Nath Lahiri was, prior to this, Head of Equities at Canara Robeco Asset Management Company. He has over 17 years of experience in equity investment and research and has worked with Investment Managers and Fortuna Capital. He was also Co-Head - Equities with DSP Black Rock Investment Managers.L&T Mutual Fund had earlier this year bought over Fidelity Worldwide Investments' Indian mutual fund business.

Source : 24-09-12   Hindu Business Line   Compiled by Amresh Anjan

Reliance Life To Hire 40,000 Advisors

Reliance Life Insurance today said it has hired over 10,000 advisors so far this fiscal and plans to appoint 40,000 more in the next six months.The large-scale hiring drive is part of Reliance Life's plans to strengthen its advisor base and it is focusing on Tier II and Tier III cities to hire the insurance advisors, the private sector insurer said." We have added close to 10,000 insurance advisors in the past few months and are targeting to recruit 40,000 more by the end of the current financial year to increase our reach," Reliance Life (R-Life) President and Executive Director Malay Ghosh said in a statement.

Source : 27-09-12   Indian Express   Compiled by Amresh Anjan

HDFC Hires Three Senior Management Employees In Its Investment Banking Division

HDFC Bank hires three senior hands in its investment banking division anticipating a surge in deal-making with revival of sentiment. The bank has hired Dr. Abhishek Sharma from MAPE Advisory who will cover the healthcare and pharma sector. Ajay Gupta from GE Capital will head the banks infrastructure finance business and Akshay Dixit from MAPE Advisory will oversee the corporate finance business. Mr. Aditya Puri is now investing in building investment banking capabilities unlike some of the bank's peers which looked at acquiring teams and capabilities to build this business.

Source : 01-10-12   Rupeetimes   Compiled by Amresh Anjan

Hiring Slowdown Takes A Toll On FMCG

Owing to economic slowdown, the number of new jobs would fall by a whopping 3 million this fiscal, according to economist Bibek Debroy. Hiring slowdown depletes purchasing power of consumers and savages consumer confidence, say experts. And fast moving consumer goods (FMCG) companies are not pleased one bit – after all, they feel the pinch most. With GDP growth estimates coming down sharply of late, there is a huge risk to new jobs. Mr. Debroy says when gross domestic product or GDP grows at 7%, the economy would create 10.5 million new jobs in a year. But, if the GDP growth rate slips to around 5%, as is happening in India this fiscal, there would be only 7.5 million new jobs.

Source : 19-09-12   DNA   Compiled by Amresh Anjan

 

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HR Articles: Dec-13 (Part-5)

For more article, Visit at : www.pmiralumni.co.in Naukri Launches IT and Aptitude Certifications

Recruiters are often found dealing with the challenge of hiring best fit for their company. At times, resumes and cover letters do not give you a clear picture of the candidate's skill sets required for the job. To cater to this need and help recruiters hire better and reduce hiring costs, Naukri.com has launched a product called Naukri Certifications. It is an excellent tool to test candidate's skill sets, assess their knowledge and thus improve the quality of hiring. The programme offers an array of certifications to jobseekers to suit their skills and strengths and in turn assist recruiters in their skill based search for potential candidates. The IT certification lists over 140 tests to match the different skill sets available in the countries most diverse and mammoth IT sector. Also there are general aptitude tests to help recruiters test the logical reasoning and quantitative capabilities for any kind of job profile that they are recruiting for.

Source : 21-09-12   Naukri.com   Compiled by Amresh Anjan

RBS To Cut 3800 Jobs By 2013

Royal Bank of Scotland has increased its target for job cuts at its investment banking business to 3,800 by the end of 2013, 300 more than previously anticipated. RBS has abandoned ambitions to be a top global investment bank, bowing to government pressure to exit riskier operations and prepare for tougher international regulations. A recent study said up to 15 percent of the 500,000 jobs in investment banking around the world could disappear in the next five years due to the euro zone crisis and stiffer regulation.

Source : 24-09-12   Reuters.com   Compiled by Amresh Anjan

FDI Can Open Up Jobs In Retail And Aviation Sectors: Experts

Irrespective of the political furore over entry of foreign direct investment (FDI) into the retail and aviation sectors, the impact on the organised job market is likely to be highly positive, say experts.FDI will spur more investments, lead to expansion and mergers and acquisitions, and change ownership in retail and aviation. All this will ultimately create more jobs, they said.Aditya Narayan Mishra, president - staffing, Randstad India, an HR services firm, said it is not possible to cite a precise figure for the number of jobs that FDI in these sectors will create. But hiring will happen at a faster pace, he said. Randstad estimates that the consumer retail sector will add over 54,000 jobs this year, while aviation will give direct and indirect employment to 1.7 million people.

Source : 20-09-12   DNA   Compiled by Amresh Anjan

BSNL To Hire 162 Deputy General Managers

State-run telecom company BSNL has called applications for filling up 162 vacancies at the Deputy General Manager level."BSNL will recruit 106 DGMs in BSNL Telecom Operations and 56 DGMs in Telecom Finance through an online written test," BSNL Chairman and Managing Director R. K. Upadhyay said.BSNL is recruiting though a written test on an all-India basis on January 20 next year which will be followed by personal interviews, according to the BSNL Web site. The last date to apply is October 17, 2012.

Source : 23-09-12   Hindu Business Line   Compiled by Amresh Anjan

Contract Workers Buck Trend, Enter Unions

Contract workers are now being allowed to form unions, thus tossing aside the notion that they are exploited. Contract workers at some Coca-Cola, Allied Nippon and Mother Dairy facilities, for instance, are now union members. The Coca-Cola management is currently in talks with the Centre of Indian Trade Unions on various demands made on behalf of contract workers in its Dasna facility in Ghaziabad, Uttar Pradesh. The facility employs 300 regular workers and 500 contract workers. The Coke management is considering their demand to regularise the contract workers or offer them working conditions at par with regular workers. The contract workers have already won a victory regarding the canteen where the workers ate. There were three canteens for different categories of workers earlier. Following union protest, there is a single canteen for all now.

Source : 23-09-12   Business Standard   Compiled by Amresh Anjan

Attrition In Bangalore Second Highest Worldwide

A survey by Zinnov found that attrition levels in Bangalore were among the highest globally. India's tech hub ranked next only to Shanghai, particularly in the IT sector. Other cities where the trend was noted are Mexico City, Budapest, Moscow and Silicon Valley. The study said a major reason for employees quitting was the limited scope for growth. Compensation issues, monotony in the job and bad managers were among other reasons. Some 35 percent of the respondents wanted to quit because of monotonous work, and 25 percent because of bad managers. Apart from its adverse impact on work, attrition also leads to huge financial losses for firms. An employee's absence costs a company a loss of about 80 percent of the person's salary. It takes up to six months to fill positions that fall vacant.

Source : 24-09-12   Business Standard   Compiled by Amresh Anjan

Database On Services Sector In The Offing

The services sector will now have a database of its own. The Annual Survey of Services (ASS) will cover the period 2013-14, according to the Ministry of Statistics and Programme Implementation. The data will be available in 2016. Based on the 2012 economic census, the ASS will provide basic data on the number of enterprises and people employed in them. It will cover about 240 million households and between 40 million and 52 million enterprises, including mom-and-pop stores and businesses run from home. The data will cover all factories that employ 10 or more workers using power, and those employing 20 or more workers without using power. This is the first official attempt to collect and release services data. The HSBC purchasing managers' index, currently the only measure for the sector in India, comprises about 500 private companies.

Source : 24-09-12   Business Standard   Compiled by Amresh Anjan

Maruti Suzuki CEO's Pay Among Lowest For Pvt Sensex Firms

Maruti Suzuki India Managing Director and CEO Shinzo Nakanishi's remuneration is amongst the lowest compared to other chiefs of private sector firms that form the part of BSE 30-stock benchmark, Sensex. Mr. Nakanishi had a total pay package of Rs 2.8 crore last fiscal ended March 31, 2012, slightly higher than Rs 2.4 crore in the previous year, as per Maruti Suzuki's latest annual report for 2011-12. Among the 30 Sensex companies, those with a lower remuneration mostly included public sector companies, as also some IT firms like Infosys ' SD Shibulal and Wipro's Azim Premji. At another private sector firm Tata Power, there was a change at the position of Managing Director mid-way during the year and therefore the figures are not comparable. Among Sensex firms, the pay package was highest at Rs 73.42 crore for Jindal Steel & Power'schief Naveen Jindal, making him the country's highest-paid executive as well for second consecutive year in 2011-12.

Source : 24-09-12   NDTVprofit   Compiled by Amresh Anjan

Relax Visa Rules For Skilled Staff, Says UK Think-Tank

A leading think-tank, considered close to the ruling Conservative party, wants the David Cameron government to relax immigration rules to make it easier for digital companies to recruit highly skilled staff from anywhere in the word. In a report titled 'Bits and Billions', the London-based Policy Exchange said the UK has enormous potential to be a world-leader in the high-tech and digital economy, but that it is tough for start-ups to find enough coders, designers and other highly skilled staff. The study wants UK policymakers to learn lessons from the United States, especially California which is home to nearly half of the top 100 digital start-ups in the world, and relax immigration rules. One of its major recommendations is to reinstate the two-year post-study visa that enabled students from India and other non-EU countries to work for two years after completing their courses.

Source : 23-09-12   NDTVprofit   Compiled by Amresh Anjan

IT Steps Beyond Borders To Groom Talent

IT firms with a global footprint are taking steps to extend their talent initiatives to countries where they operate. Companies such as Tata Consultancy Services (TCS) and Wipro have recently launched programmes looking to nurture talent across geographies. TCS said it will support the Study India Programme (SIP) 2012, a U.K.-India Education and Research Initiative. SIP has been developed to meet the requirement of essential employability skills which businesses seek in building a top-notch workforce as global competition gets fiercer. It will include a week-long placement of U.K. students with TCS or other Tata group firms in India offering insights into business. Similarly, Wipro has joined hands with University of Massachusetts Boston for a 12-month fellowship programme in the U.S. involving 120 science school teachers being trained to promote excellence among students from disadvantaged areas of Boston and New York.

Source : 16-09-12   Business Standard   Compiled by Amresh Anjan

72% Global Companies Find It Hard To Attract Talent

At least 72 per cent companies worldwide have admitted that finding skilled workers is a major problem, a new survey has found.In a survey of 1,605 companies worldwide, including 278 in the United States, 72 per cent companies said they have a hard time attracting workers who have the required critical skills to fill their job openings.Companies also face a challenge in attracting high potential and top-performing workers, the survey led by WorldatWork, an association of human resources professionals found.Sixty per cent of employers said that they had problems attracting high potential employees while 59 per cent said they had problems attracting top-performing employees. Attracting skilled workers is not the only challenge but companies are also facing problems retaining their employees.More than half of the respondents from companies around the world said that retaining workers was a challenge for their business.

Source : 23-09-12   Business Standard   Compiled by Amresh Anjan

Hiring For Potential Can Pay Rich Dividends

Football coach and management teacher Rasmus Ankersen says companies tend to overlook potential high performers in their quest for top-dollar talent. Mr. Ankersen says firms are desperate to snap up promising future superstars, but there could be a mismatch between their aspirations and the skills necessary for the job. That arises from over-emphasis on current performance and ignoring what one may be capable of achieving. Playing safe, managements go for people with the best qualifications, but these are also the most expensive. The top management must be capable of spotting people with a drive and encouraging them to forge ahead. Mr. Ankersen cites the example of Facebook, which could not initially afford the traditional means of hiring and used an online puzzle open to all. A big recruiter today, it still hires a fifth of its employees using the same route.

Source : 16-09-12   Business Standard   Compiled by Amresh Anjan

20,000 jobs in Bank of Baroda over five years

Bank of Baroda is planning to hire around 20,000 people over the next four years and will add more than 500 domestic and international branches and offices in this financial year, a top official said. The bank is planning to hire around 20,000 people over the next four years, Bank of Baroda chairman and managing director M D Mallya said. "We plan to add another 500 domestic branches by March 2013, and four new foreign offices are coming up -- one each at Uganda and Kenya and two in Dubai -- taking the total international network to 100," he said, adding that Bank of Baroda had presence in 25 countries.

Source : 16-09-12   Moneyguru   Compiled by Amresh Anjan

 

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HR Articles: Dec-13 (Part-4)

For more article, Visit at : www.pmiralumni.co.in GDP Growth In June Quarter At Three-Year Low

The economy grew at 5.5 percent in the first quarter of the current financial year, the lowest in three years. A CRISIL report said that had it not been for double-digit growth in the construction sector, the overall rate would have been closer to 5 percent. The industrial sector, excluding construction, grew at just 0.8 percent during the period. This was because production in manufacturing and mining was almost stagnant. Slower investment demand and lower exports of merchandise have affected manufacturing, CRISIL said. Services fell below the 7 percent mark for the first time since the fourth quarter of fiscal 2009. The sector grew at 6.9 percent, caused by slowing consumption growth and IT services exports. GDP growth may remain tepid over the remaining quarters and maintain the 5.5 percent level this fiscal, CRISIL added.

Source : 31-08-12   Hindu Business Line   Compiled by Amresh Anjan

Aegis New Call Centre Offers 1000 Jobs

Essar group firm Aegis said it has set up a call centre in Chhindwara, Madhya Pradesh, which will offer employment to close to 1,000 people. Aegis Chhindwara, the second centre in Madhya Pradesh after Bhopal, will operate with an initial capacity of 400 seats, a move that would generate close to 1,000 direct and indirect jobs to the local youth, Aegis said in a statement. This new centre is part of the declared objective of spreading out in tier II and III cities to provide employment to local youth and economic empowerment to the region, it added."Our strategy of moving into Tier II and III cities generates opportunities that are of immense value for the local youth, who otherwise migrate to larger cities in search of employment. Our customers also appreciate this as we can service their end-customers in their own language," Essar Group Promoter Director Anshuman Ruia said.

Source : 03-09-12   Financial Express   Compiled by Amresh Anjan

Industry Sees Dismal Year Ahead; Job Outlook Bleak

India Inc is not too upbeat about growth prospects, going by the mood of industry leaders.A poll conducted by the Confederation of Indian Industry (CII), among the members of its National Council, covering 75 companies, shows that a majority of CEOs remain pessimistic about the economic outlook for the current year and expect only a moderate recovery in the forthcoming year.Another quarterly survey, the business confidence survey by the Federation of Indian Chambers of Commerce and Industry (FICCI) reveals that the overall Business Confidence Index for the first quarter of 2012-13 stood at 51.8, down from 60.3 in the preceding quarter.The FICCI survey, covering close to 150 companies, was conducted between July and August to bring out corporate expectations for the period July-December.CII poll results indicate that GDP growth during 2012-13 is expected to remain below 6.0 per cent by as many as 44 per cent of the respondents. The FICCI survey further adds to the gloom with 50 per cent of the respondents believing that the GDP growth could be less than 5.5 per cent.

Source : 01-09-12   Hindu Business Line   Compiled by Amresh Anjan

Campus Recruitments May Take A Hit This Year

Campus recruitment may be slow this year, with companies looking to cut down on numbers. Engineering colleges expect a drop of 40 percent to 50 percent in campus hiring over the previous year. This has made institutions nervous, said a placement officer of a leading engineering college. Last year companies told colleges a month in advance about their recruitment plans, but this year they are fighting shy of committing themselves. E Balaji, CEO of Randstad India, says tier 1 management and engineering colleges are less worried and are confident of achieving close to 100 percent placement. The pharma industry is expected to trim recruitment plans in the slowdown. According to a hiring outlook survey conducted by jobsite Naukri.com, only 51 percent recruiters from the Pharma sector are expecting to add new jobs in second half of 2012.

Source : 01-09-12   Hindu Business Line   Compiled by Amresh Anjan

CEO Pay Cheques Got Heftier Amid Downturn

The CEOs of a majority of India's blue chip companies received hefty pay hikes but some took cuts in salary in 2011-12. An analysis of CEO remuneration of 30 Sensex firms showed that more than half of them received hefty pay hikes last financial year. The highest package of Rs 73.42 crore went to Naveen Jindal of Jindal Steel & Power, making him the highest paid executive for the second year in a row. Pawan Munjal, managing director and CEO of Hero MotoCorp, followed with Rs 34.47 crore in 2011-12. Some chief executives, such as Azim Premji of Wipro, SD Shibulal of Infosys and Sunil Mittal of Bharti Airtel, took cuts in salaries. The respective remuneration of Mukesh Ambani, chairman and managing director of Reliance Industries, and Kumar Mangalam Birla, chairman of Hindalco Industries, remained unchanged.

Source : 01-09-12   Financial Chronicle   Compiled by Amresh Anjan

Workers Look For Entrepreneurial Skills On The Job

Around 70 per cent employees wish for more entrepreneurial experience at their jobs, according to a new US survey conducted by financial firm Edward Jones. Employees want their jobs to give them experience that could be applied to their own businesses, should they start one. However, only 15 percent of the respondents thought they had what it takes to go out and start a business. Around 37 percent said they would feel more confident starting their own business with some help. However, 12 percent said they would still want to start a business without the help. A number of factors prevented workers from starting their own venture. The survey found that 61 percent were most afraid of losing personal savings, 58 percent feared lack of support and 50 percent dreaded losing retirement and healthcare benefits.

Source : 02-09-12   Financial Express   Compiled by Amresh Anjan

Staff In Self-Governing Companies More Loyal

Just 6 per cent of companies in India follow the self-governing business model, 26 per cent fall into the blind obedience and 68 per cent into the informed acquiescence category. A survey by U.S. knowledge-based firm LRN found that companies which follow the self-governance model have the highest levels of innovation, employee loyalty as well as customer satisfaction, and the lowest levels of misconduct. LRN CEO Dov Seidman said 90 percent employees of such companies are highly innovative, compared to their peers in rival firms. In addition, 100 percent of the respondents said they saw high satisfaction among customers. Around 93.3 percent of staff in self-governed firms expressed a high degree of loyalty to their firms. LRN Managing Director (India) Devraj Shetty said a young workforce is not content with an environment that operates within the framework of tradition, hierarchy and command and control.

Source : 02-09-12   Financial Chronicle   Compiled by Amresh Anjan

Employees Prefer Mobile Devices Over Workstations

A survey by the Associated Chambers of Commerce and Industry (ASSOCHAM) said mobile gadgets such as smartphones and iPads are in and working from a desk at the office is losing favour with employees. More than 50 percent of the respondents said they do not need to stay in office to be productive. The survey covered 350 executives across sectors such as automobiles, banking, manufacturing and real estate. Employees prefer using mobile technology to stay connected to their associates, clients, co-workers and partners. The ability to work on the go, be available 24x7 and shorten commutes to the office was among the reasons cited by the employees. Fearing productivity loss, some companies have banned the use of mobile devices.

Source : 31-08-12   Financial Express   Compiled by Amresh Anjan

At Infosys, Staff Interest Takes Priority Over Shareholders

Infosys is unfazed by foreign funds opposing its employee stock option plan. Some dozen foreign funds, including Wells Fargo Funds Trust, had voted against a planned allotment of restricted stock units (RSUs) for employees of Infosys and its subsidiaries. Infosys executive co-chairman S Gopalakrishnan said employee interest came before shareholder interest. RSUs are allotted or sold to insiders, generally employees, as part of their compensation. They protect long-term interests rather than short-term concerns, Mr. Gopalakrishnan said. Analysts think that the "against'" vote indicates concerns among the shareholders about an increase in the paid-up capital and a drop in earnings per share.

Source : 31-08-12   Financial Chronicle   Compiled by Amresh Anjan

Tata Power Hires CEO For Solar Unit

Tata Power, which recently completed the buyout of British energy giant BP's stake in their solar joint venture, said it has hired industry veteran Ajay Goel as its solar division's new chief executive officer.Tata Power's solar division said in a release that it has also changed its name to Tata Power Solar Systems from Tata BP Solar India.

Source : 30-08-12   Financial Express   Compiled by Amresh Anjan

Attrition Rate Dips In The IT Sector

The top five IT companies saw a significant drop in attrition rates in the quarter ended June. Between January and June, the rate of attrition at all levels of IT and BPO organisations dipped by 45 percent to 50 percent, according to a survey by the Associated Chambers of Commerce and Industry. An uncertain global economic environment together with cross-currency fluctuation has forced employees to adopt a wait-and-watch policy, said DS Rawat, secretary-general. The sector has also been grappling with talent crunch due to shortage of managers at the middle and senior levels. E Balaji, CEO of Randstad India, said attrition tends to increase in the June quarter because it follows the appraisal months of February and March. Promotions and salary hikes are usually given in April and May.

Source : 29-08-12   Hindu Business Line   Compiled by Amresh Anjan

Job Freeze Now Hits Headhunters

Recruitment agencies are feeling the impact of the slowdown with their corporate clients curbing expenditure on hiring. The cycle to close the recruitment process has become longer, putting pressure on costs, said Manish Sabharwal, CEO of staffing firm TeamLease Services. The company has seen its billing cycle stretch from 15 days to three months. Firms such as Infosys have delayed taking on board freshers hired from campuses last year. They are joining as late as September this year, up to July next year. The headhunters involved get their money only once the candidates join, said Arun Varma, executive director, Executive Recruiters Association. Companies, too, are making the most of their internal manpower rather than spending on new recruitments. Many have started auditing the group of placement firms they were dealing with, according to V Suresh, executive vice president, Naukri.com.

Source : 29-08-12   Hindustan Times   Compiled by Amresh Anjan

Placement Season At IIMs Off To A Flying Start

The Indian Institutes of Management (IIMs) expect placements to remain on track this season. IIM Udaipur will be conducting its maiden summer placements this year and is looking to achieve 100 percent results. Twenty-six companies have picked up the entire 57-strong batch for summer internships, said Joel Xavier, chairperson of placements at the institute. IIM Bangalore is equally optimistic. It has already received over 40 pre-placement offers (PPOs) compared to last year's 93. Such offers keep coming in until December. IIM Kozhikode expects around 50 PPOs this year, same as last year. IIM Raipur, with two PPOs in hand, is focusing on international placements on the campus. Boston Consulting Group, among last year's top recruiters at the premier B-schools, has made 27 PPOs to its summer interns this year, including one from Harvard Business School.

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

VC Funding Can Help Create 40 Mn Jobs By 2022

A panel appointed by the Planning Commission has recommended incentives, including tax benefits, for angel investors for generating more than 40 million jobs by 2022. These would be created by 2,500 new enterprises capable of contributing Rs 10 trillion every year to national income. The committee on angel investment and early-stage venture capital presented its report to the Planning Commission and the Finance Minister. The report pointed out gaps in the entrepreneurial ecosystem that need addressing. To meet these targets, venture capital (VC) funding will have to be increased from about 0.02 percent to 0.06 percent of GDP by 2021, the report said. Pension and insurance funds should be allowed to invest in venture capital funds to promote entrepreneurship. About 140 million more jobs must be generated by 2020 and many of these will be through entrepreneurial ventures, it added.

Source : 28-08-12   Mint   Compiled by Amresh Anjan

47% Indians Happy With Leadership Style Says A Survey

Around 47 per cent of Indian employees are satisfied with their management's leadership style, according to the Kelly Global Workforce Index survey.According to the survey titled 'Leadership Disconnect', India tops Asia Pacific region with 47 per cent followed by Thailand at 42 per cent in leadership style satisfaction."Leadership style is about elements like vision, performance, motivation, and insight, as well as technical ability manifesting itself together," Kelly Services India Managing Director Kamal Karanth said."For an organisation to reduce the gap between priority and results, it is important to ensure that there is a shared vision of organisational goals and direction, from top to bottom," the report said.The study further said amongst the main workplace generations, Gen Y (age 19-30) are more satisfied with their management's leadership style compared with Gen X (age 31-48) and Baby Boomers (age 49-66).The study brings together the findings from almost 1,70,000 respondents from 30 countries and examines the issue of leadership in the contemporary workplace from the employee perspective.

Source : 27-08-12   Financial Express   Compiled by Amresh Anjan

 

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