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Wednesday, December 25, 2013
HR Articles: Dec-13 (Part-15)
HR Articles: Dec-13 (Part-14)
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Hiring Goes Up By 10% In Jan-13 When Compared To Dec-12: Naukri Job Speak Index |
| The year 2013 has begun on a positive note, with job creation happening across key industry segments. According to the Naukri Job Speak Index, when compared to hiring trends of the last one year, January 2013 saw maximum movement with the overall hiring activity moving up by 10%, compared to December 2012. The study said that sectors like IT-Software, BPO, banking and oil/gas witnessed double-digit percentage growth in their hiring numbers in the last one month. In terms of the sectors, while banking, oil and gas, and BPO saw positive movement in hiring activity, telecom and insurance sectors saw dipping hiring levels with index value going down by 6% and 8% respectively in January 2013 over December 2012. Oil & Gas sector saw a 24% improvement in hiring activity while both Banking and BPO sector saw 14% increase in their hiring levels during the same time period. |
| Source : 10-02-13 Naukri.com Compiled by Amresh Anjan |
| Reserve Bank Of India Says Inflation Levels Still Too High |
| Reserve Bank of India (RBI) Governor D Subbarao said 7 percent inflation was still not a comfortable level despite the decline attained, The Hindu Business Line reports. The high levels persist because of rising income levels in rural areas, global oil prices, a high fiscal deficit and demand pressures. Growth and inflation have been decelerating simultaneously in India, a situation that is unique when compared to other emerging economies. This could be due to supply constraints and high fiscal deficits which other countries do not have to face, Subbarao said. As for those concerned with growth, the governor said their criticism was valid. However, those who are hurt by inflation also must not go unheeded. He said the Government, public institutions such as RBI and students need to go out of their way to find what is important in making decisions. |
| Source : 12-02-13 Hindu Business Line Compiled by Amresh Anjan |
| Attrition Levels Are Going Up In The Retail Sector |
| Indian retailers, big and small, are facing high personnel attrition across stores. Many are seeing almost all their staff getting replaced every year. Fast growth in organised retail and opening of new malls and stores have raised attrition levels at the shop floor to alarming levels of eight per cent a month, or 96 per cent a year, say consultants. Just three to four years earlier, attrition was only two to three per cent a month. Employees leave for several reasons. About 25 percent to 30 percent quit for higher education and an additional 30 percent for higher salaries, says Govind Shrikhande, managing director, Shoppers Stop. |
| Source : 12-02-13 Business Standard Compiled by Amresh Anjan |
| IIIT Hyderabad Students Land Plum Offers |
| Two students from the International Institute of Information Technology (IIIT), Hyderabad, have won big offers from U.S. companies. Anjali Sachdev, a BTech graduate in computer science, has been offered an annual package of Rs 70 lakh by a U.S. tech firm. Shipra Malhotra, another computer science graduate, has received an offer of Rs 54 lakh, again from a top U.S. firm. About 280 students have received offers from various IT, technology and research companies. Head of placements TV Devi Prasad expressed confidence in achieving 100 percent placements. The season still has a few weeks to go and more companies are scheduled for interviews. Starting this year, IIIT Hyderabad is charging the companies that come for recruitment. They will pay 8 percent of the annual salary of the candidates, once they have joined and their performance has been assessed for six months. |
| Source : 12-02-13 Hindu Business Line Compiled by Amresh Anjan |
| Fujitsu To Cut 5000 Jobs |
| Struggling Japanese electronics maker Fujitsu is slashing 5,000 jobs, or nearly 3 per cent of its global workforce, as it seeks to boost profitability by reshaping its computer-chip business and its overseas operations. Separately, another 4,500 workers will be shifted to other parts of Fujitsu, including a computer chip company being set up with Panasonic Corp., another languishing Japanese electronics maker. |
| Source : 11-02-13 NDTV.com Compiled by Amresh Anjan |
| ING Bank Cuts 2,400 More Jobs As Profits Plunge |
| Dutch banking and insurance group ING reported a 32.5-percent plunge in net profit last year and said that it intended to cut 2,400 jobs in its operations in the Netherlands and Belgium. The bank, which employs about 90,000 people, has so far announced 7,450 job losses since November 2011, restructuring that will save more than one billion euros per annum from 2015. |
| Source : 13-02-13 Hindustan Times Compiled by Amresh Anjan |
| BBC India Picks COO |
| BBC Global News has named Preet Dhupar COO of its Indian operations. BBC Global News comprises of the BBC's commercial news operations as well. |
| Source : 10-02-13 Financial Chronicle Compiled by Amresh Anjan |
| HCL Campus Hires Yet To Join The Company |
| The slowdown in the IT sector is taking a toll on campus recruitments. HCL Technologies, for instance, is yet to assign jobs to several graduates interviewed in September 2011 and even given offers of employment.Some of the affected students said that though the 'Letter of Intent' (or provisional offer letter) was given to them in May 2012, the company has not yet specified a joining date. The students are from various technical institutions and universities in Bangalore, Chennai and Pune. While they are still awaiting the joining date, they say they cannot apply to any other firm in the meantime because of the bond they signed when they were given the letters of intent. |
| Source : 12-01-13 Hindu Business Line Compiled by Amresh Anjan |
| More Finance Sector Job Losses As JP Morgan Cuts IT Staff |
| The finance sector is poised for further job losses, raising concerns for back office IT staff as JP Morgan plans to reduce their headcount. The company confirmed that it will cut up to 180 jobs at its Swindon office in UK. JP Morgan's Swindon office provides middle and back office outsourcing services to a client, Thread needle, which is leaving to go to another provider. |
| Source : 13-02-13 Computerworld.com Compiled by Amresh Anjan |
| The Chief Marketing Officer Of Wipro Has Quit |
| Suchira Iyer, the Chief Marketing Officer (CMO) of the IT business has resigned from the company. This comes close on the heels of the resignation of Manish Dugar who was in charge of Wipro's global BPO operations. Ms Iyer, who was heading the marketing function, quit the company to pursue interests outside the organisation, according to a company statement. She took over this role in April 2012, replacing Rajan Kohli, who heads the banking business. |
| Source : 08-02-13 Hindu Business Line Compiled by Amresh Anjan |
| Dreams Of Pilots Crash As Aviation Suffers |
| An estimated 12,000 holders of commercial pilot licences are unemployed, and the number is rising by the year. The slowdown that began some five years ago has left just six airlines in the domestic industry. Almost all the carriers have frozen hiring. Demand is high for commanders, pilots with experience, but not for newcomers or first officers. A captain may be paid about Rs 4.5 lakh a month and a co-pilot some Rs 2 lakh. Training academies charge between Rs 20 lakh and Rs 25 lakh for a one-and-a-half-year course. For multi-engine training, the price could be as much as Rs 5 lakh or more. Since type-rated first officers are preferred, such qualification could cost up to Rs 25 lakh more, still without a job guarantee. |
| Source : 03-02-13 Hindustan Times Compiled by Amresh Anjan |
| Telecom Employees Worried As Companies Exit Market |
| The fate of employees in telecom companies such as Uninor, Etisalat, Sistema Shyam Teleservices (SSTL) is hanging by a thread after the Supreme Court shot down their licences. Uninor is shutting down operations in West Bengal and employees have reportedly not been paid for months. A representative of the company said some employees had been absorbed in other regions. Two HR agencies had been commissioned to find jobs for the employees affected. Etisalat DB, which is winding up its India telecom business, has been giving salaries to its employees after the court intervened. STel had shut operations last year after losing six licences. Employees were paid two months' advance salary. Loop Telecom had also wound up operations in the country, barring in Mumbai. SSTL has said it has continued paying employees and is watching developments closely. |
| Source : 10-02-13 The pioneer Compiled by Amresh Anjan |
| Barclays Bank To Cut Jobs |
| Barclays Plc is nearing the completion of a raft of job cuts at its investment bank as part of its new chief executive's plan to streamline operations and cut costs. The scale of cuts is unclear, but analysts expect Chief Executive Antony Jenkins to announce about 2,000 investment bank jobs to be cut. Sources said there have been cuts in front- and back-office functions, and they have included fixed income, commodities, currencies, equities and advisory business areas. Barclays started the cuts just over two weeks ago, and the process is mostly complete in Asia and the United States. |
| Source : 07-02-13 The Indian Express Compiled by Amresh Anjan |
| Organisational Changes At Bharti Airtel |
| Bharti Airtel announced more changes with a new organisation structure for its Indian operations. The company has outlined a new hub organisation design for its India operations. Instead of the current three regional hubs, the organisation will now be divided into 8 hub operations reporting to a newly created position of Director - Market Operations. "The new organisation design, which will be effective March 1, is aimed at furthering the company's initiatives to build a more connected organisation, which is closer to the market place," Airtel said. |
| Source : 07-02-12 Hindu Business Line Compiled by Amresh Anjan |
| Manjushree Khaitan Appointed Vice-Chairperson At Kesoram Industries |
| Industrialist B.K. Birla's younger daughter Manjushree Khaitan has been appointed vice-chairperson and executive director of Kesoram Industries Ltd, the company said in a regulatory filing. She was a non-executive director of the company until now and had joined its board in 2001. Mr. Birla is the chairman of the eponymous group, which has interests in cement, tyre, textiles and plantations.Because of his advanced age—Mr. Birla turned 92 on 12 January—his younger daughter has been looking after the day-to-day operations of Kesoram for the past few years. His elder daughter Jayashree Mohta runs Jayashree Tea and Industries Ltd, a plantation firm. Mr. Khaitan's elevation to the post of vice-chairperson is being seen as an indication that she is likely to succeed her father at Kesoram, which manufactures tyre and cement. |
| Source : 05-02-13 Mint Compiled by Amresh Anjan |
HR Articles: Dec-13 (Part-13)
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CII: Business Confidence Dropped In Q3 |
| A survey by the Confederation of Indian Industry (CII) said business confidence was low in the third quarter of 2012-13. The CII business confidence index dropped to 49.9 points in the third quarter. It was at 51.3 points in the second quarter and 55 points in the first. The index is measured on a scale of 1 to 100 points. Less than 50 indicates a weak confidence level. A majority of the respondents of the business outlook survey were concerned about domestic economic developments, high interest rates, infrastructure hurdles and institutional problems. However, they were not concerned about the pace of reforms. A drop of below 50 points in the index was a matter of concern, requiring concerted policy intervention, said Chandrajit Banerjee, director general of CII. The survey polled 1,500 private and public sector firms in manufacturing and services. |
| Source : 07-01-12 Business Standard Compiled by Amresh Anjan |
| IT Companies Goes Slow On Bulk Lay-Offs Amid Uncertainty |
| The $100-billion Indian information technology industry has seen a drop in business volume and there may even be some missed growth targets this fiscal, but the country's top-tier IT firms are still wary of any kind of mass retrenchment. Recruitment consultants say organizations are now more discreet in letting go of their non-performing staff in bulk, preferring to restrict pink slips as the negative publicity can linger for years. Having been caught off-guard by the severe economic downturn in 2008 and 2009, many Indian IT companies ended up with large bench strengths and resorted to layoffs with no back-up strategy. But this time, organizations are engaging much more in reskilling many of their employees to be in line with market requirements. |
| Source : 07-01-12 Financial Express Compiled by Amresh Anjan |
| IIT Girls Turn Wary Of Taking Up Jobs In Delhi |
| The effect of the Delhi gang rape case has been more far-reaching than most would have imagined, and not just in Delhi. During the ongoing placement exercise at IITs across the country, girl students have elicited a reluctance to accept job offers in the capital, even if it means opting out of campus placements. Saloni Gautam, a fourth year BTech student at IIT Guwahati, has refused a package of Rs 7.5 lakh per annum from a Delhi-based company, despite knowing that she will not be allowed to sit for interviews for other companies during placements. A girl living in Delhi says she feels unsafe stepping out of the house after sunset |
| Source : 07-01-12 Hindu Business Line Compiled by Amresh Anjan |
| Managers May Have Plenty To Smile About In 2013 |
| Indian managers could have many reasons to look forward to the new year. Early signs indicate that this year is decidedly going to be better than 2012. On the HR front, 2013 will see the use of new training modules, which will include social media and cloud computing, giving organisations a competitive advantage. This may include competency-based talent sourcing, where the right candidate is selected for the right job and at the right time. The "bring your own device" (BYOD) phenomenon, where employees bring their own devices to work, will continue to gather pace. While this would raise security issues, the distinction between personal and business use of devices will blur. The virtualisation of desktops will continue to make things easier for the manager. Virtual desktops help cut costs dramatically, liberate the IT staff and drive mobility. |
| Source : 05-01-12 Business Standard Compiled by Amresh Anjan |
| Bharti Infratel Appoints Sunil Khurana As COO |
| Telecom tower firm Bharti Infratel announced it has appointed Sunil Khurana as Chief Operations Officer (COO) of the company. Bharti Infratel said Mr. Khurana will be a member of the core executive council team of Bharti Infratel."In his new role, he will provide strategic direction to the day-to-day operations of Bharti Infratel towards facilitating operational excellence and efficiency to meet customer requirements," Bharti Infratel said in a statement. He will also oversee the circle operations and different aspects of customer service delivery. |
| Source : 06-01-12 Financial Chronicle Compiled by Amresh Anjan |
| New MD For IBM India |
| IBM has appointed Vanitha Narayanan as Managing Director of IBM India Pvt Ltd. She replaces Shanker Annaswamy who will now take over as senior adviser to the corporation on India Enterprise.A press statement from the company said Ms. Narayanan and Mr. Annaswamy will report to Jim Bramante, Senior Vice-President, IBM Growth Markets Unit. The appointments are effective immediately. |
| Source : 05-01-12 Hindu Business Line Compiled by Amresh Anjan |
| Tepid Growth In Jobs And Salaries Ahead |
| Information technology giants Samsung Electronics and Google may have made big pre-placement offers at two Indian Institutes of Technology ( IITs) in 2012, but this may not be the case for prospective graduates in other institutes in the coming year. Human resource (HR) consultants predict a cautious year ahead for hiring, with salary hikes being lower in some cases. Hay Group, a global management consultancy, in its annual General Industry Compensation Report covering all levels of management, expects a pay increase of an average 11.2 per cent across job roles in 2013. The amount represents a slight fall against an actual average salary increase of 12 per cent across companies in 2012. |
| Source : 07-01-12 Business Standard Compiled by Amresh Anjan |
| Manufacturing Growth Jumps To A 6-Month High In Dec: HSBC |
| The country's manufacturing sector grew at its fastest pace in six months in December on the back of new orders. The HSBC manufacturing purchasing managers' index (PMI) stood at 54.7 in December, up from 53.7 in November. This indicated a further improvement in the health of the sector. The index is a measure of factory production. Output at manufacturing companies has increased, said HSBC chief economist for India and ASEAN Leif Eskesen. Nearly a third of the panelists in its survey indicated higher production and 18 percent noted a decline during the month. The overall rate of growth was the highest in six months in December. The growth in new orders also was at a six-month high. New export orders too increased at a solid pace. Meanwhile, higher purchasing was reported for the 45th month in a row. |
| Source : 06-01-12 Financial Express Compiled by Amresh Anjan |
| Banking Jobs Set To Surge In 2013 |
| Jobs in the banking industry are set to grow this year with licences being issued to new entities. The Reserve Bank of India is gearing up to finalise the guidelines for issuing these licences. The move could create direct and indirect employment for about 50,000 people over the next couple of years, analysts and headhunters said. However, this would happen only if banks decide to focus on retail business and not restrict themselves to corporate banking. There are fewer people involved in business-to-business work. Several business houses including the Aditya Birla Group, the Tata group and Anil Ambani-led Reliance Group have expressed interest in entering the space. Non-banking financial companies can now convert themselves into full-fledged banks. Existing banks such as Axis Bank and Yes Bank too are planning to expand their retail networks and boost headcount. |
| Source : 03-01-12 Hindustan Times Compiled by Amresh Anjan |
| Indian Companies Hiring Less Senior Professionals Than Global Peers |
| The proportion of companies recruiting at managerial and professional level has contracted by over a third, said a study by Antal International. The global recruitment firm's Global Snapshot- a major survey of employment trends around the globe has found the percentage of Indian companies recruiting is much lower than its peers globally.The survey said that the percentage of employers in India currently hiring for managerial and professional positions now stands at 40%, which is 7% below the global average. It added that although this is the lowest level in Asia, the signs are positive that this figure will climb to 43% in the near future. |
| Source : 09-01-12 Business Standard Compiled by Amresh Anjan |
| MNC's Freeze Hiring, But Singapore Job Market Not Badly Hit |
| Many multinational corporations (MNCs) located in Singapore have already frozen hiring of staff, due to the prolonged economic challenges in the Eurozone and sluggish growth in the United States. But Singapore's job scene is not likely to be badly hit, according to the employment outlook for the first quarter of 2013 painted by Singapore-based human resource consultancy firm, PrimeStaff Management Services. It said Singapore's unemployment rate is expected to "remain status quo", although there could be a very slight increase in unemployment. It believes several sectors will hire aggressively, due partly to the manpower crunch from the tightening of employment policies for foreign workers. They include hospitality, food & beverage, retail, construction and healthcare. |
| Source : 09-01-12 Channelnewasia.com Compiled by Amresh Anjan |
| Slowdown Blues: IT Firms Set To Halve Campus Hiring |
| With uncertainties of the global economic volatility still looming, hiring by information technology companies is set to hit the slow lane this year. According to estimates by industry analysts and experts, campus hiring by the IT industry is expected to drop 50 per cent, while lateral hiring (of experienced employees) is going to be purely need-based. In 2012, hiring by the industry through campus interviews stood at about 200,000, the highest ever. But the number this year is estimated to drop to 80,000-100,000. In 2013, Infosys, India's second-largest IT services company, through campus programme, plans to hire about 6,000 people – a significant climb down from last year's 23,000. Hyderabad-based Mahindra Satyam plans to cut down on its campus hiring by almost half because of an uncertain business environment. |
| Source : 06-01-12 Business Standard Compiled by Amresh Anjan |
| During Next Hiring Drive, UP Police Aim To Recruit 20% Women |
| To increase the proportion of women in the police force, the UP Police Recruitment and Promotion Board plans to recruit 20 per cent women constables in the next recruitment, which may be held in a few months. But, going by past experience, the availability of sufficient women candidates may be a problem. At present, the state police has six per cent women. In the last recruitment, held for 35,000 constables in 2009, as many as 7,54,410 applications were received and 91,500 of them were women. However, only 5,262 of the women were selected which made it much less than 20 per cent. |
| Source : 09-01-12 Financial Express Compiled by Amresh Anjan |
| Britannia Names VP & CFO |
| Britannia Industries has picked Vinod Menon as vice president and CFO. Mr. Menon was previously vice president and head of strategy and new business development. |
| Source : 09-01-12 Hindu Business Line Compiled by Amresh Anjan |
HR Articles: Dec-13 (Part-12)
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