HR Articles: Dec-13 (Part-18)

For more article, Visit at : www.pmiralumni.co.in AirAsia starts hiring flight attendants for India operations In the first step to its ambitious plan to set up an Indian carrier, AirAsia India, the Indian arm of the AirAsia Group in partnership with the Tatas, announced on Wednesday that it would be hiring flight attendants through walk-in-interviews in Chennai on April 13. AirAsia's founder and Group chief executive Mr. Tony Fernandes had said in a conference call on February 21 that he was hopeful that the proposed airline will launch operations this year. Mr. Fernandes had said they would start with 3-4 Airbus A320 planes and would scale up capacity quickly. The airline would hire 300 people initially. The staff would include cockpit and cabin crew, engineers, ground staff. The CEO and the top management of the airline have already been picked up. "It takes around three months to train a cabin crew. AirAsia has 120 aircraft in its fleet and more than 350 planes on order. They can scale up capacity in India very quickly so they might hire around 150 attendants in one go but the numbers would swell as they add capacity," said an industry expert. The airline said "experienced flight attendants or fresh graduates" could apply, which is good news for hundreds of flight attendants belonging to Kingfisher Airlines who have either been out of work or are on the rolls of the airline but not paid for last eight months. The selected candidates would have to appear for a final interview on April 14. Source : 04-04-13   Hindustantimes.com   Compiled by Amresh Anjan Fiat India gets new managing director Mr. Nagesh A Basavanhalli, who was heading Chrysler Technical Centre in Inda, has succeeded Mr. Enrico Atanasio as president and MD of Fiat group automobiles India. He will head operations of both Fiat and Chrysler in India. Source : 03-04-13   Hindustantimes.com   Compiled by Amresh Anjan NSE'S new CEO is a perfectionist She loves Carnatic music. She plays the veena in her spare time. Her friends and colleagues know her as a perfectionist. Meet Ms. Chitra Ramkrishna, 49, the new managing director and CEO of NSE, the world's largest stock exchange in terms of trade volumes — and a quiet, self-effacing force in India's economic reforms. Sporting traditional saris and casual looks that stand in contrast to some of the storied women of high finance, Ms. Ramkrishna, who shuns the limelight, was part of the five member core team chosen by the government to set up the National Stock Exchange (NSE) in 1994. "Her desire for perfection in everything she does has led to the creation of world class institution (NSE)," said Mr. Nageswar Rao, MD and CEO, IDBI Federal Life Insurance, who worked with the new NSE chief when she was working at the IDBI. "She can bring clarity to any complex financial matter." However, for someone called a perfectionist she does not attract the tag of an autocrat. "At work, she accepts nothing less than the best," said a senior official at a stock market research company who has worked with her in the past." Source : 04-04-13   Hindustantimes.com   Compiled by Amresh Anjan ICICI Bank shuts door on ex-employees A senior employee of a foreign financial services firm recently got a call from his former boss at ICICI Bank. The latter had got a new plum assignment within the bank and was building a team. Both hit it off instantly and decided to take their engagement to the next level. They knew the bank had a moratorium on former employees and since the former had already completed that, there should not be a problem in his return. That's when the human resource (HR) dropped the bomb. "There is a change in policy. We are not taking back former employees, at all."The new policy at the largest private-sector lender in the country, with a muster roll of over 58,000 employees (as of March 2012), would apply across the group; so, the old boys could not even join a sister concern, according to officials. Business Standard has also reviewed an internal communication that asked staff not to refer "ex-employees" for a managerial position. An ICICI Bank spokesperson did not offer any comment. HR experts say this is a contrarian strategy at a time when several companies are actively engaging with alumni, some even looking at them as unannounced brand ambassadors and potential customers — not to mention some banks' famous revolving door with the government in the US. Mr. Kris Lakshmikanth, founder & CEO, The Headhunters India, said: "Most companies take back old employees, unless there is a specific problem. In a knowledge industry like banking, where there is a talent crunch, I am not sure if one can afford to do this."The clampdown assumes significance as it comes ahead of new private banks' entry, which is likely to push demand for banking talent. The new HR policy could act as a potential deterrent for employees who might want to jump ship to the newer players, say some. Source : 30-03-13   Business-standard.com   Compiled by Amresh Anjan iGate chief gets lowest bonus in three years For the first time in three years, Mr. Phaneesh Murthy, the chief executive of iGate, the Nasdaq-listed information technology services company, has seen a cut in his performance-related annual bonus amount. This is considered a sign of the difficulty for heads of IT companies to meet targets in a volatile environment. In a filing to the Securities and Exchange Commission, the US markets regulator, the company said Mr. Murthy was given $365,000 in performance-based annual cash bonus against the targeted $600,000 for the 2012 financial year (January to December). In 2010 and 2011, Mr. Murthy was paid $540,000 and $1,130,000 in annual bonus, respectively, against the targeted $500,000 each. The only top executive of iGate who got more than his target bonus amount in financial year 2012 was Mr. Sujit Sircar, the chief financial officer of the US-based company. He was given $135,093; the target bonus amount was $112,578.And, Mr. Sanjay Tugnait, who joined as an executive vice-president to drive sales in North America, as well as global alliances, since July 2012 was paid the entire targeted bonus amount. His target was $500,000, pro-rated to $255,476, based on the date he'd joined. In the financial year ending December 31, iGate posted a 37.8 per cent increase in revenue at $1.073 billion, slightly below the target of $1.08 bn. Among the offshore-centric IT services companies which follow the January-December accounting period, Cognizant has already said most of its top performers will be rewarded with close to their entire targeted bonus amount for 2012."In years where we beat our original growth guidance, we paid significantly above the target. For 2012, where we missed our original guidance, our bonus payout will again be a reflection of that performance," a company spokesperson from Cognizant told Business Standard in an email statement. "It must, however, be noted that our top performers will be rewarded well over 100 per cent and most others close to 100 per cent." Source : 30-03-13   Business-standard.com   Compiled by Amresh Anjan Bhel to trim hiring on gloomy outlook In a reflection of the current business environment, state-owned Bharat Heavy Electricals Ltd (Bhel) has slashed the number of engineers it plans to hire this year. "There is an employee cost," chairman and managing director Mr. B.P. Rao said. "I can't keep on hiring without keeping an eye on what is happening in the sector."India's largest power generation equipment manufacturer used to hire an average of around 1,000 engineers every year, a number that dropped to 250 in the year ended March. In the current fiscal year, Bhel intends to hire just 200 engineers, human resources director Mr. Krishnan said. Most of the firm's 13,564 executives are engineers. Bhel's orders rose 43% to Rs.31, 528 crore in the last financial year but it secured no orders from non-state firms. The company has orders worth Rs.1.15 trillion on its book. Bhel had received orders worth Rs.60, 507 crore in 2010-11 and Rs.22, 096 crore in 2011-12. "However, we are strategizing in such a way that we should not be found wanting when the orders pick up," Mr. Krishnan said. "Things are improving." Source : 09-04-13   Livemint.com   Compiled by Amresh Anjan Selection process for Government jobs in Capital to go online soon The Delhi Subordinate Services Selection Board (DSSSB), the agency responsible to fill up non-gazetted posts in various Delhi government and allied departments, is going online and will soon start disposing of hundreds of thousands of applications it has received in the past three-four years for various posts in different departments and offices. While various government recruitment agencies in the country including Union Public Service Commission, Staff Selection Board and service commission and staff selection boards of most Indian states have their recruitment process online, Delhi still invites hand-filled applications by post. Officials said the entire process of inviting applications, collating data, and computerising details is carried out by a private agency. While the DSSSB has invited applications for more than 25,000 vacant posts — mainly teachers and nurses — in 165 departments of Delhi government, MCD and NDMC in the past 3-4 years, the DSSSB failed to conduct exams for a single vacancy. Officials said more than 10 lakh people from Delhi, NCR and other Indian states have applied for these 25,000-odd vacancies and are still waiting for written tests and interviews to be conducted. DSSSB secretary Mr. Janak Digal said once the online job application system is ready, the department will be able to dispose of pending applications as well as call fresh applications for new vacancies."The website www.dsssbonline.nic.in is almost ready. We have fixed the target of clearing the pending applications and fill up the existing 25,000 vacancies by December 2013," Mr. Digal said. Once the online system starts functioning, the applicant will not just be able to fill the application online, eliminating the chances of error that may creep in as data-entry is done by the private agency, he will also be able to download the admit card online. The system will also send SMS and email regarding the date of the exam and examination centre to applicants. Source : 08-04-13   Hindustantimes.com   Compiled by Amresh Anjan Indian job-seekers in Gulf feel the pinch Post-Arab Spring, there is some concern for Indian jobseekers in the Gulf, which now accounts for over 6.5 million Indian nationals. Indian workers have started feeling the pinch in countries like Saudi Arabia and Kuwait as laws in these countries ensure that their nationals get employment on priority. Henceforth, there is nothing much New Delhi can do about it. The Gulf countries had factored unemployment among the youth as a major trigger for the Arab Spring that uprooted regimes in Tunisia, Egypt and Libya and its ripple effect was seen across the globe."Unemployment is seen as one of the main factors for the Arab Spring and countries in the region are alive to this reality," says a senior government official. The oil sector, the backbone of the Gulf economy, doesn't give direct employment. Moreover, there are plenty of cheap expatriate workers available in these countries. Saudi Arabia, where 2.45 million Indian workers reside, is implementing labour law Nitaqat with greater focus this time. The law reserves a minimum of 5% and a maximum of 30% in the private sector for locals. Kuwait has also introduced a similar law. Most of the Gulf countries are sending back those who over stay their visa period or cracking down on those who use illegal methods to gain employment such as changing visa or sponsor. Many of them are sent back with amnesty. Recently, as many as 3,500 Indians came back with amnesty from the UAE. Despite constant pressure from Kerala politicians, including overseas Indian affairs minister Mr. Vayalar Ravi, New Delhi has limitations in making the domestic Saudi law a "bilateral issue". Over two lakh people from the state are in Saudi Arabia. Source : 05-04-13   Hindustantimes.com   Compiled by Amresh Anjan Bank employees threaten stir over job outsourcing Bank employees unions have threatened to go on agitation again to protest outsourcing of jobs in the banking sector and demand filling up of vacancies through permanent appointments. The All India Bank Employees' Association (AIBEA) will lead a month-long campaign on these issues from May. A dharna will be staged in front of Parliament on May 29. Memorandums will be submitted to the Union Labour Minister seeking a stop to the rampant outsourcing of jobs. If no action is taken, an all India bank strike would be launched said AIBEA joint secretary and working president of Federation of Bank of India Staff Unions (FBISU) Mr. Nandu Chavan. More than one lakh positions are lying vacant in public sector banks in the country. Instead of recruiting officers and staff, the jobs, even in the core banking processes, are being outsourced. Outsourcing is being carried out in blatant violation of the bipartite settlement between employees unions and Bank Association in 2005 that had specified that no regular job or work processes can be outsourced. The situation today is such that PSU banks are no longer recruiting clerks despite a large number of vacancies. The positions are being squeezed or outsourced in the name of applying different banking models. Due to staff shortage, the functioning has been affected leading to increasing customer dissatisfaction in PSU banks, Mr. Chavan alleged. "We have demanded putting an end to unilateral outsourcing in the banks beyond the agreed norms and absorption of casual staff in the regular positions," he stated Source : 06-04-13   Newindianexpress.com   Compiled by Amresh Anjan Centre engages Kashmir youth with training and jobs The union government is reaching out to the youth of Kashmir with a scheme to train them professionally and provide jobs. Union Minister Mr. Jairam Ramesh was in Sopore on Saturday, giving training certificates to 90 young men and women; 70 of them have got jobs. The Himayat scheme was started by the Centre last year to fight the sense of alienation among the youth in Kashmir; it has helped around 5000 men and women so far. The government hopes to create one lakh jobs in the next five years. Mr Ramesh's presence in Sopore, once ravaged by militancy, had its own message. "I think Sopore is also psychological. When you read newspapers, Sopore is associated with militancy. Nobody sees that you have a centre like this in Sopore with all these young girls and boys," the Rural Development Minister said. Kausar, one of the women to have got jobs after training, will work at a health centre in Sopore."My life has changed. I was a school dropout, sitting at home. Now I am self-reliant, earning and helping my family," she said proudly. The Himayat scheme has resettled 900 men and women with jobs outside Jammu and Kashmir, but many have complained of harassment. Mr Ramesh had comforting words for them. "I sympathise with the sentiment that the youth of Jammu and Kashmir are looked at suspiciously even today. As an Indian, I find it unacceptable. I share the anguish and pain of the boys and girls of Kashmir," he said. Thousands have been orphaned in two decades of militancy in Kashmir. Mr Ramesh said the Himayat scheme will be extended to them. Source : 07-04-13   Ndtv.com   Compiled by Amresh Anjan More Women Taking Up Jobs with Long-Working Hours, Travelling An increasing number of women employees in India are taking up high-pressure jobs, including those involving long working hours and frequent travelling, a survey has said. According to the survey conducted by recruitment consultancy firm, CareerBuilder.com, two-third of women employees in India are now open to travelling as part of their job and another 33 percent actually prefer a 'high pressure-high rewards' work environment. The study further found that 82 percent of women employees agreed that their families were supportive of their career ambitions, while 60 percent felt that marriage would not come in the way of their career progression. Other experts also agree that family support and better career options in various sectors are helping women take up jobs in a high-pressure work environment. Citing example of the IT industry where job is demanding and require long working hours, cloud services provider Knowlarity's CEO Mr. Amabarish Gupta said, "Women do not shy away from undertaking this responsibility also". "Rather, they are able to manage both office and home with great ease and comfort. A lot of credit for this kind of a scenario can be attributed to the families and their indispensable support," Source : 08-04-13   Jobs.siliconindia.com   Compiled by Amresh Anjan Hot IT Titles: Hybrids in High Demand The last time IT found itself awash in new job titles, evangelists, gladiators and gurus ruled the day. As IT's fortunes rise again, a second wave of new titles is swirling through the industry. But this time around, the titles reflect a seriousness of purpose as IT continues its seismic shift from service provider to strategic business partner. "Back in the dot-com boom, we saw a huge array of hip job titles. It was a way to attract talent to have a job with a word like ninja or master in it," says Ms. Laura Kelley, a vice president at IT staffing firm Modis. "Since the economy has gotten a little better, we see it happening again. What is new is the substance of a lot of those jobs -- big-data-driven jobs that focus on business intelligence. Source : 08-04-13   Jobs.siliconindia.com   Compiled by Amresh Anjan Delhi NCR biggest job generator in H2 of FY'13 says Assocham A sluggish economic growth rate seems to be directly impacting the growth of new jobs in the country. During the second half of the financial year 2012-13, Ahmedabad, among major cities, registered the highest decline in the new jobs generation-growth, states a latest report from Assocham. The job scenario for the second half of the financial year 2012-13, reveals that Delhi and National Capital Region (NCR) topped as the job generation centre with over 66,000 jobs, followed by Bangalore (over 40,000 jobs), Mumbai (over 35,500 jobs), Chennai (almost 21,000 jobs) and Hyderabad (20930 jobs), to round-up the list of top five employment generating centres in India."A total of over 5.38 lakh jobs were generated during the financial year 2012-13 across India, with 2.65 lakh jobs getting generated in first half of the year and 2.73 lakh jobs during second half of the financial year" stated the Assocham report. Source : 02-04-13   Indianexpress.com   Compiled by Amresh Anjan Ex-bankers get million-dollar offers Former heads of Indian banks and retired Reserve Bank of India governors and deputy governors have never had it so good. Companies aspiring to set up banks are offering salaries up to $1 million (Rs 5.4 crore) a year to these bankers to get help on bank licence applications and, if successful, with setting up the bank. Among the banking aspirants are the Tatas, the Aditya Birla Group, Reliance Industries, and Shriram group, the Mahindra Group and Videocon, among others. According to headhunters, these former bankers will be hired as consultants on contracts of up to five years. Many bankers are insisting on a five year term even if the company is denied a licence by the banking regulator, the Reserve Bank of India (RBI). "Companies have begun identifying personnel for key roles. Given that hiring is a six-to-nine month process, most institutions have paid headhunters to identify available talent. While the packages offered by the new players might not be drastically different, stock options will make their offers financially attractive," says the CEO of a head-hunting firm, recruiting for some companies interested in a banking foray. Source : 09-04-13   Business-standard.com   Compiled by Amresh Anjan AI Express planning fresh recruitment The Union Ministry of Civil Aviation is planning to initiate a fresh recruitment process for major roles in the Air India Express, the low cost arm of the Air India, following the employees' hesitation to shift to Kochi. Shifting of the airline's headquarters to Kochi from Mumbai can be completed only if key positions are filled. A scheme under which employees can opt for a transfer to Kochi was announced a few months ago for which there was a lukewarm response. Only few air hostesses expressed interest in it. "This has prompted us to think of initiating fresh recruitment," Minister of State for Civil Aviation Mr. K C Venugopal said. In December 2012, it was announced that the headquarters of the airline would be shifted to Kochi from January, 2013, onwards. However, the airline - which operates a major share of its services from Kerala - is still in search of a convenient office space in Kochi, and as top level officials are yet to assume charge here, sources said. Meanwhile, there are reports that a section of a Mumbai lobby in the air travel sector was making earnest efforts to prevent shifting of airline's headquarters to Kochi. "This lobby has the support of a section of employees also," sources in the airline said. The minister said that the lack of office space alone is the reason for the delay in shifting of the headquarters operations to Kochi. A meeting will be convened to review the progress in shifting of the office. Source : 08-04-12   Newindianexpress.com   Compiled by Amresh Anjan

 

www.pmiralumni.co.in

HR Articles: Dec-13 (Part-17)

For more article, Visit at : www.pmiralumni.co.in 8% DA increase for central staff on cards

In the crucial year before 2014 polls, around 50 lakh central government employees and 30 lakh pensioners are expected to get 8% dearness allowance (DA),the highest in the last couple of years. The Union Cabinet on Tuesday is expected to take a call to increase the allowance to be effective from January 1, 2013.The increase in the allowance is expected to cost the government around Rs.5,200 crore and it would mean that dearness allowance would be 80% of the basic pay. Any change in the allowance is linked with consumer price index and is done once every six months. The last increase in dearness allowance in September 2012 was 7% preceded by a 6% increase. The proposal has wider ramifications as the state governments normally adopt the Central increase in dearness allowance for its employees. As per the practice, the DA is merged with basic pay when it reaches the 50% cap. This helps employees get higher allowances as those are paid as a proportion of the basic pay.

Source : 01-04-13   Livemint.com   Compiled by Amresh Anjan

Kerala worried as expats may lose jobs to Saudi labour law

Kerala is worried. Not over issues at home but a policy drafted thousands of kilometres away in Saudi Arabia. The labour policy, known as Nitaqat, mandates that 5 to 25 per cent staff of a private company, with minimum 49 employees, must be Saudis. And the deadline to implement it expired on Wednesday. This has caused concern in Kerala which has seven lakh expatriates in the Gulf kingdom and whose remittances are a lifeline for its economy, though Dr. S Irudaya Rajan, an expert on international migration studies, assures there is no need to panic. "The move for Saudization began a decade back. Now, they have decided to strictly implement it, apart from cracking the whip on illegal migrants. No country can tolerate illegal migrants. I do not expect a mass exodus from Saudi as is being feared by the politicians and media in Kerala," Mr. Rajan said

Source : 30-03-13   Indianexpress.com   Compiled by Amresh Anjan

Security and infra management are hot jobs within IT sector

Information Technology companies might have slowed down hiring while deferring joining dates of freshers, but niche jobs in the sector are active and upbeat. While traditional jobs in software development or programming are hard to come by, jobs in IT security or infrastructure management services are growing providing new career channels to freshers. Rough estimates suggest that in any IT firm, about 5-10% of their staff would be doing work related to IT security, while an almost similar percent of employees are undertaking infrastructure management services. Experts say being niche, the starting salaries offered in these segments are often about 15-30% higher than traditional IT roles.

Source : 30-03-13   Dnaindia.com   Compiled by Amresh Anjan

IT can create 30 million jobs by 2030: Says Dr. Killi Kruparani

The Indian IT & ITeS sector has the potential to create over 30 million jobs by 2030, Union minister of state for communications & IT Dr. Killi Kruparani has said. Currently, the sector provides direct employment to about 2.8 million and indirect employment to about 8.9 million. This is expected to grow to more than 14 million by 2015 and to about 30 million by 2030. Speaking at a national seminar on 'Trends and Demands in IT and ITeS,' organized by trade body Fapcci here on Friday, the minister said, "The national policy on IT envisages increasing IT industry revenues through exports as well as the domestic market from $100 billion to $300 billion by 2020." She added that the vision of the policy was to strengthen and enhance India's position as a global IT hub and to use IT and cyberspace as an engine for rapid, inclusive and substantial growth in the national economy.

Source : 30-03-13   Newindianexpress.com   Compiled by Amresh Anjan

India Inc sees jobs generation boost, unfazed by uncertainty: Business Outlook Survey

Unperturbed by global economic and political uncertainty, India Inc continues to believe in the India story as there is an expectation among a significant number of firms for improvement in employment opportunities in the fourth quarter of this fiscal. Despite the sluggish economy, the Business Outlook Survey by industry chamber Confederation of Indian Industry (CII) for January-March 2013 revealed that 51% of the firms expect no change in their employment levels while 22.4% expect it to decline. More than 30% of the firms saw a fall in their staff levels in October-December 2012. "However, expectations have improved as 23.5% foresee an increase in their employment levels in the fourth quarter compared with 11.7 % in the third quarter," CII said. The report showed that in the third quarter of 2012-13, 58.3% of the respondent firms kept their staff levels unchanged as opposed to 30.1%, which saw a fall in their employment levels. However, high levels of corruption, persisting inflation, threat to continuation of reform process, escalated interest rates and political uncertainty remain the major concerns.

Source : 29-03-12   Financialexpress.com   Compiled by Amresh Anjan

New US healthcare insurance bill to open up jobs for India

The new US healthcare insurance bill, which would extend insurance cover to 32 million Americans, is expected to open up projects for Indian IT service providers, besides creating several job opportunities. Speaking to Express, Mr. Harshith Ramesh, president of Episource, a healthcare knowledge process outsourcing firm headquartered in La Palma (California) with delivery centres in Chennai and Mumbai, said that the implementation of the bill, ObamaCare, would result in United States spending $2.5 trillion. As a result, to cut costs, the maintenance and care of health records would be transferred to Indian outsourcing firms. This includes proper collection and management and use of information within healthcare systems, which would determine effectiveness in detecting health problems, defining priorities, identifying innovative solutions and allocating resources to improve health outcomes, said Mr. Ramesh. Interestingly, Episource, which has been growing at more than 100 per cent per year for last three years is looking to hire around 2,000 people before October next year, when the bill will be implemented.

Source : 25-03-13   Newindianexpress.com   Compiled by Amresh Anjan

IIM-B students bag leadership jobs in India Inc

The Indian Institute of Management Bangalore (IIM-B) has become a trend setter once again with its flagship postgraduate programme students accepting leadership job offers from top ranking Indian companies. Prof Sankarshan Basu, Chairperson, Career Development Services, IIM-B said, "Some leading Indian firms have chosen IIM-B students who can be groomed for the strategic leadership roles. These firms were earlier recruiting candidates from foreign universities for the same posts. It is a new and interesting trend.'"It is not associated with recession. Only a few companies offered placements last year. But this year, there is a 95 per cent increase in the participation of the Indian companies," Prof Basu pointed out.

Source : 14-03-13   Newindianexpress.com   Compiled by Amresh Anjan

Job opportunities to increase in next 3 months

Job opportunities are expected to increase in the next three months, according to a study by MyHiringClub.com. It added that a significant amount of domestic companies are planning to expand their workforce in the forthcoming financial year. "Current hiring sentiment is better than Q1 and Q4 of FY13. Job creation in India continues amid talks of layoffs and employee rationalisation," said Mr. Rajesh Kumar, CEO, MyHiringClub.com. According to its survey, while on a quarter-on-quarter basis, the hiring outlook has improved by one percentage point, it has picked up by 12 percentage points when compared with the first quarter of 2012-13.

Source : 25-03-13   Newindianexpress.com   Compiled by Amresh Anjan

AirAsia gears up for hiring in India

Air Asia has started the recruiting process for its India operations, set to start later this year. The airline has announcements on its website about upcoming walk-in interviews for cabin crew. AirAsia spokesman Mr. Aziz Laikar said the airline was still in the "midst of finalising the plan" for hiring pilots and other employees. He said the details would be revealed as soon as the hiring plan was decided. AirAsia Group CEO Mr. Tony Fernandes recently said the new airline would be based in Chennai. In the initial phase, it would concentrate on destinations in south India, and on providing connectivity to small towns. The airline would start with three-four planes and stick with the 180-seater A320s. He had tweeted in March that the company had selected a CEO for the Indian operations.

Source : 28-03-13   Business-standard.com   Compiled by Amresh Anjan

TCS behind only IBM in employee strength

Tata Consultancy Services Ltd, India's largest software firm, has overtaken Accenture Plc to become the world's second biggest IT services employer, with nearly 264,000 people on its payroll, but with revenue that is less than half of the Dublin-based technology and consulting firm. International Business Machines Corp. (IBM), which does not disclose the number of employees by businesses that include computer hardware and software licences, employs nearly 300,000 people in its services division, at least two executives confirmed on condition of anonymity. Accenture, which announced its second-quarter earnings on 28 March, said it had about 261,000 staff worldwide. However, Accenture and IBM are way ahead of TCS on another important parameter—revenue productivity. For instance, while TCS's revenue per employee is around $46,000, it's $197,000 for IBM and about $107,000 for Accenture. This is because while Accenture sells more high-end consulting services as part of its offerings, IBM earns more by bundling different hardware and software solutions as part of large deals.

Source : 31-03-13   Livemint.com   Compiled by Amresh Anjan

HR no longer to remain just a hiring department

The role of the human resources (HR) department is changing. It ceases to be the yesteryear's communication department between management and employees and it is no more just a hiring or recruiting department. Now HR managers are required to play a more active role. Ms. Rachna Singh, principal consultant, Transcendix, spoke on 'HR 2020' organised by the BL Club and sponsored by Syndicate Bank for the students of RJS Institute of Management Studies. She said the HR department would provide human capital advisory services in future. "The future HR department will be an advisory body and it will advise an organisation what kind of work should be done. Hence, you need to be a change management champion. You need to constantly innovate, and constantly improve the systems at your department. It is also important to constantly reward the right behaviour and constantly build the right culture in an organisation," Ms. Singh said.

Source : 29-03-13   Thehindubusinessline.com   Compiled by Amresh Anjan

Women bag heavier purses at IIM-K placements

Seems like women really impress as managers! The companies that attended the final and lateral placements process for the 15th batch of PG programme offered by the Indian Institute of Management Kozhikode (IIM-K) took in more women students at a higher average annual salary slot than the male students. The pay packet given to the women is Rs.13.17 lakh per annum while that of the men is Rs.11.82 lakh, a release from the institute says. IIM-K also has more female students than male, its ratio of female to male students being 16:9, which is much higher than the other IIMs in the country.

Source : 29-03-13   Thehindu.com   Compiled by Amresh Anjan

Jet Airways to hire 100 more expat pilots

Jet Airways has approached several hiring firms in a bid to hire around 100 foreign pilots for its wide body Boeing fleet, according to sources. Interestingly, Jet's plan to hire foreign pilots comes at a time when the regulator DGCA's deadline for phasing out all expat pilots is nine months away."Jet is planning to hire up to 100 foreign pilots. The airline requires these pilots for the wide-body Boeing 777s," sources familiar with the development added. The airline, however, did not respond to the text message on the issue. Also, the airline during the post Q2 earnings, analyst's con-call last November, had said it was aiming to reduce the number of expat pilots by almost half by the end of this fiscal. "By March 2013, we will reduce the number of expat pilots to 59 from 107. As of March end 2012, we had 207 expat pilots," Jet senior vice-president for commercial finance investor relations, Mr.KG Vishwanath had told the analysts.

Source : 29-03-13   Businesstoday.intoday.in   Compiled by Amresh Anjan

Aspirations outweigh opportunities at Delhi Employment Exchange

The directorate of employment gets applications from over one lakh jobseekers every year. But on an average, less than 2 per cent have got placements in the past five years. Over 1.38 lakh job-seekers had registered with the directorate for employment in government or private sector last year. However, only 1,349 of them were finally placed. The year before last was worse. Only 175 got placements of the total 1.64 lakh who registered in 2011. According to government records, 46 joined as apprentice in NDMC while others who were employed included two water carriers, two nursing assistants, two pharmacists and a deputy general manager in a private company.

Source : 02-04-13   Indiatoday.intoday.in   Compiled by Amresh Anjan

Salary cuts on Air India radar

The civil aviation ministry is considering measures such as salary cuts and more economy class seats to trim Air India's operating cost and improve its financial health. Ministry sources said there could be a 15 per cent cut in the salaries of employees under licensed category in the new fiscal. Pilots, engineers and cabin crew fall under the licensed category of employees. An Air India captain gets anywhere between Rs 5.95 lakh and Rs 8.72 lakh per month, besides allowances. According to ministry officials, the new salary structure does not include productivity-linked incentives. The national carrier plans to save around Rs 260 crore annually through salary cuts alone. Officials said under the new norms, flying allowance paid to pilots would not be fixed but based on the number of flying hours. However, the airline runs the risk of losing more pilots and engineers if the cuts are implemented. A five-member committee, set up in January and headed by IIM-Ahmedabad's professor Mr. Ravindra H. Dholakia, has made around 46 recommendations, many of which are likely to be implemented.

Source : 02-04-13   Telegraphindia.com   Compiled by Amresh Anjan

 

www.pmiralumni.co.in

HR Articles: Dec-13 (Part-16)

For more article, Visit at : www.pmiralumni.co.in Naukrigulf.com Hiring Outlook Survey Indicates Improved Business Confidence But Low Salary Hikes In 2013

Most recruiters in the GCC region are adopting a cautious stance amid the global economic crunch. A survey conducted by Naukrigulf.com with 400+ employers revealed a minor improvement in hiring sentiment when compared to Jul-2012 but is still lower than what it was in the beginning of 2012. 68% recruiters said that new jobs will be created in 2013 as compared to 64% stating the same in Jul-12. Among the recruiters predicting a positive sentiment, 48% said that jobs will be for the 4-8 years exp bracket and about 40% said jobs will be for the 1-3 years experience levels.

Source : 10-02-13   Naukrigulf   Compiled by Amresh Anjan

Top 20 Firms Allot Rs 5,500 Crore Shares To Staff

With the stock market its regaining health, blue chip companies have awarded crores of shares to their employees so far this fiscal. As the prices of their companies' shares rose, employees have been exercising their stock options. Twenty of the country's largest blue-chip firms together allotted shares worth nearly Rs 5,500 crore to their staff. Many more such employee stock options (ESOPs) are in the offing. HDFC Bank, ITC, Larsen & Toubro, Kotak Mahindra Bank and Wipro were among the companies to award the options. HDFC Bank has allotted 2.55 crore shares worth more than Rs 1,680 crore to employees and ITC has allotted 3.78 crore shares. Equity shares worth thousands of crores might be further allotted in the remaining year. ESOPs give employees the right to purchase a certain number of shares in the company at a predetermined price.

Source : 24-02-13   Financial Chronicle   Compiled by Amresh Anjan

Daimler To Hire 800 In India For Boosting R&D

Automotive major Daimler said that it plans to hire 800 professionals in India to boost the Mercedes-Benz research and development (R&D) team in this country to 2,000 headcount by the year 2015.Mercedes-Benz Research and Development India (MBRDI) currently has a headcount of 1,200 in India — 1,060 and 140 in Pune. MBRDI is engaged in digital (virtual) vehicle component development (computer aided design, computer aided engineering and electrical and electronics) and IT. "We will grow the number to about 2,000 (from 1,200 now) by 2015", Thomas Weber, member of the Board of Management, Daimler AG and Head of Group Research, Mercedes-Benz Cars Development, said here.Daimler AG is one of the world's most successful automotive companies and its divisions include Mercedes-Benz cars, Daimler trucks, Mercedes-Benz vans and Daimler buses.

Source : 24-02-13   Hindu Business Line   Compiled by Amresh Anjan

CFO's In India Optimistic About Economy, Worried Over Inflation: Deloitte

A majority of senior finance executives are optimistic about the Indian economy, but consider inflation and political direction of reforms as key areas of concern, says a Deloitte survey.CFOs in the country are cautiously optimistic about the future and are neutral about their companies' performance in the short term, said the Deloitte India CFO Survey 2013.Around 62 per cent of the CFOs expressed optimism about the future state of the Indian economy over longer term and 49 per cent of the respondents consider inflation, political direction towards economic reforms and increased commodity prices as key concerns.On their companies' short term outlook, 34 per cent of the respondents said their organisations will perform better over the next quarter, 12 per cent were apprehensive of poor performance, while the rest expect no significant change.

Source : 21-02-13   Hindu Business Line   Compiled by Amresh Anjan

Volvo Cars to cut 1,000 jobs

Volvo Car Company announced that it will lay off 1,000 employees by the end of this year to help implement its saving plan of 1.5 billion Swedish kronor ($238 million). We have to adapt the company to the reality. We have done it with our workshops and now we have to do it with our offices," says Hakan Samuelsson, CEO and president of Volvo Car. In the summer of 2012 Volvo Car let go about 800 employees working in the factories and in November last year the company was working on a comprehensive cost saving package plan, in which further job reduction was included as development of new models slowed down.

Source : 21-02-13   Deccan Herald   Compiled by Amresh Anjan

Indian Railways To Go High On Hiring In 2013

The Indian Railways, reported to be one of the largest organisational employer in the world, is to recruit 152,000 employees this year. It already employs 1.4 million people.The stated number of new hires is for posts already advertised. Minister Pawan Kumar Bansal said as many as 22 million applications were received for 152,000 posts, "a measure of the popularity of railways as an employer".The move, though expected to be applauded politically, raises a series of questions on the financial liabilities of the already stressed organisation. A significant increase in employee strength would not only mean higher expense; the government would also have to justify their productivity.

Source : 27-02-13   Business Standard   Compiled by Amresh Anjan

Auto Makers Taking Local Talent On Board

Management at Indian auto companies is being transferred from the hands of expats to locals as manufacturers make every effort to boost sales. At Ford India, veteran Joginder Singh took over as president and managing director of Indian operations in December. Vinay Piparsania has taken over as the new head of marketing, sales and service. He was part of the company's founding team 15 years ago. Both Indians replaced Australians at the top. VG Ramakrishnan, managing director at Frost & Sullivan, South Asia, says the Indian auto industry is undergoing a significant leadership change. Expats are needed when the company is in the investment phases, for setting up processes and strategy. Once that is done, the Indian management takes over and plans the next product cycle, he says. In time, local managers take over the baton to best exploit the domestic market.

Source : 21-02-13   Financial Express   Compiled by Amresh Anjan

SAP Names India MD

SAP AG announced the appointment of Suprakash Chaudhuri as Managing Director, SAP (India & Subcontinent).He will be responsible for all market-facing activities across the field organisation, overseeing customer operations as well as general management like sales, consulting, partner ecosystem expansion and marketing, the company said in a statement.

Source : 20-02-13   Hindu Business Line   Compiled by Amresh Anjan

Mr. T. S Vijayan Takes Over As IRDA Chief

Former LIC chief T. S. Vijayan, took over as the Chairman of the Insurance Regulatory and Development Authority (IRDA).Mr. Vijayan succeeds J. Hari Narayan who completed his five-year term. IRDA chairperson's tenure is for five years or till the age of 65 years. Mr. Vijayan assumes office at a time when the insurance industry is facing a slowdown. He faces the task of taking insurance to rural markets. Simplification of insurance products will be another challenge for him.

Source : 22-02-13   The Hindu   Compiled by Amresh Anjan

Wipro Names New CMO

Wipro Technologies has appointed Puneet Chandra as Chief Marketing Officer for the IT business. Mr. Chandra replaces Suchira Iyer, who quit earlier this month to pursue other interests. Mr. Chandra will report to Shaji Farooq, Senior Vice-President, Advanced Technologies, Global Alliances and Go-to-Market Transformation of Wipro, according to a company statement. Mr. Farooq, who joined from Infosys in September last year, will continue to head the marketing function at Wipro and will be reporting to CEO of the IT business, T.K.Kurien, according to company officials.

Source : 20-02-13   Hindu Business Line   Compiled by Amresh Anjan

Salary Increases Poised To Be Smaller For Bosses This Year

In the last six years, top management increases have fallen by almost 40%," said Sandeep Chaudhary, partner, talent and rewards, Aon Hewitt India, a consultancy firm. "This year we have estimated a 9.3% hike in top-level salaries against 15% in 2007." However, at other levels, companies are expected to dole out around 10.3% increase in pay cheques against 11% last year, the decade's lowest hike. Most other global management consultancies also echoed a similar sentiment.

Source : 25-02-13   Hindustan Times   Compiled by Amresh Anjan

J. P Morgan To Cut 4000 Jobs In 2013

JPMorgan Chase & Co plans to cut 3,000 to 4,000 jobs in its consumer bank in 2013, representing about 1.5 percent of the company's overall workforce, as the bank tries to improve the profitability of its branches. The cuts will come mainly through attrition, spokeswoman Kristin Lemkau said. The bank's branches have 63,500 employees, representing about a quarter of JPMorgan Chase's total employees. JPMorgan is one of the few big US banks that is still adding branches to its network, but to boost profit it plans to scale back the tellers it has on hand for routine transactions and to add some salespeople for products and services like wealth management that can boost revenue.

Source : 27-02-13   Indian Express   Compiled by Amresh Anjan

Brokerages Avoiding Lateral Hires Amid Crunch

Brokerage firms are hiring fewer B-school candidates with experience. HR executives of major brokerage houses say demand for professionals has fallen because firms are cutting costs and holding expansion plans. Dhruv Desai, senior vice-president and head, HR and leadership academy, Angel Broking, said the year ahead was going to be a tough one for lateral hires, especially those with an experience of more than five years. Brokerage firms have been trying to stay afloat by trimming employee costs. Demand for candidates has fallen 25 percent to 30 percent this year, consultants said. Mumbai-based KJ Somaiya Institute of Management Studies & Research has seen a marked drop in lateral hiring by brokerage firms. Narsee Monjee Institute of Management Studies expects hiring to be muted. About five brokerage firms have visited the campus this year.

Source : 21-02-13   Business Standard   Compiled by Amresh Anjan

Godrej, Infosys, Mahindra Debut At IRMA Placement

The Institute of Rural Management, Anand (IRMA), saw some big industrial names participate in this year's placement season. Godrej Agrovet, Infosys Agri Business, Mahindra Agri Business and the organic cotton project of Arvind visited the campus for the first time. Apart from industry, state rural livelihood programmes from Maharashtra and Orissa also made their maiden appearance at IRMA. Among the major recruiters were Gujarat Co-operative Milk Marketing Federation (GCMMF), Bihar Rural Livelihoods Promotion Society (BRLPS), Kudumbashree State Poverty Eradication Mission, Kerala, Yes Bank, Magma Fincorp and Kancor Ingredients. GCMMF picked up 17 candidates, the highest so far, followed by BRLPS which recruited 11 candidates. The rural development agencies of the governments of Bihar, Kerala, Andhra Pradesh and Maharashtra recruited almost 30 percent of the batch. IRMA placed 100 percent of its candidates. The highest salary offered was Rs 13.5 lakh per annum.

Source : 21-02-13   Business Standard   Compiled by Amresh Anjan

 

www.pmiralumni.co.in