Wednesday, 26 October 2011

India-HR Headlines

Mumbai Is Number One Job Generator In The Country: Mets
Mumbai is the largest employment generator in the Indian organized sector for the period between July and September of 2011, according to the latest findings of Ma Foi Randstad Employment Trends Survey (MEtS) – Wave 3. The city has created 28,500 jobs in Q 3. The survey was conducted among 676 companies across 13 industry segments panning 8 Indian cities. The feedback was gathered from the top HR personnel and senior management of companies, who shared valuable insights on the job creation during the last (July – September) and the current (October – December) quarters of 2011. According to the survey, the financial capital of India is the place where most of the new employment opportunities are created. The city generated 28,500 new jobs in Q3 and expects to add another 27,300 in Q4. Though these figures make it the job capital, the city added a lower number of jobs as against 32,300 jobs predicted at the beginning of Q3. The major sectors propelling it to the top place are BFSI, IT/ITES, Energy and Hospitality.
Source : 20-10-11   Compiled by
TCS To Hire In Small Cities To Cut Costs
Tata Consultancy Services (TCS) is looking at shifting its hiring to low-cost cities in India. The prime reason for this shift is to maintain profitability amid increasing labour costs. According to S Mahalingam, CFO, TCS, the firm is already building campuses and hiring people in cities including Ahmedabad , Pune, Bhubaneswar , Nagpur, Indore and Cochin. He also said that the biggest campuses the company is building now are in Pune and Ahmedabad, states a Bloomberg report. "At the same time we are putting pressure on the system and the government to upgrade the infrastructure in these places," he said.
Source : 20-10-11   Compiled by
CAT: Experience Not An Issue For Applicants
Experienced professionals have applied in bigger numbers for the Common Admission Test (CAT) 2011, the entrance criterion for the Indian Institutes of Management(IIMs) and 150 other business schools. The number of professionals considering post graduation in management to boost their careers is up 6 percent this year.The percentage of applicants with work experience has risen considerably in the current year, to 32 percent from 27.35 percent in 2010. Some 13 percent have worked for one to two years, 12.5 percent have an experience of more than two years and the remaining aspirants have worked for six months to a year. There is also a surge in applications from engineers. In comparison to last year’s 60.39 percent, this year has seen engineers account for 64 percent of the candidates.
Source : 20-10-11   Hindustan Times   Compiled by
Senior-Level IT Hiring, Attrition Down
Attrition levels at top IT firms dropped to their lowest levels in several quarters, indicating a slowdown in senior-level recruitment. For the quarter ended September, Infosys saw attrition at 15.6 percent, the lowest in the year. For Tata Consultancy Services, it was at 13.7 percent, down from 14.8 percent the previous quarter, while HCL Technologies remained almost flat at 16.7 percent. “Both companies and employees have become risk-averse. We have seen almost an 8 percent drop in IT/ITeS recruitment activity,” said E Balaji, CEO recruitment firm Ma Foi Randstad. Escalating wage costs of personnel with experience of three years and above are bringing about a shift in hiring strategy. Hiring will focus more on freshers, as there has been no wage inflation in campus hiring over the past several quarters, analysts said.
Source : 20-10-11   Financial Express   Compiled by
Organised Sector Hiring Set To Slow Down In India: Ma Foi
The organised sector may see a slowdown in hiring during Q4 mainly due to higher cost of fund raising and uncertain conditions such as labour unrest in the industry. Recruitment and consulting firm Ma Foi Randstad predicts that the organised sector will fall short in hiring by about 2.2 lakh against the projected 16 lakh jobs for 2011.The sector created about 3.46 lakh jobs between July and September (Q3) and is expected to add another 3.26 lakh by the end of this year. The survey was conducted among 676 companies across 17 industry segments panning eight cities.
Source : 19-10-11   Financial Chronicle   Compiled by
Infosys To Generate 10,000 Jobs For Kerala Campus
After many expected and unexpected points of turmoil due to the global economic scenario, it seems Infosys , the technology giant has been able to gear up a new start. The giant is now planning to invest about Rs. 800 crore in Kerala to expand the operation and generate 10,000 new jobs over the next five years. Mr. Shibulal , CEO, Infosys has disclosed the plan while receiving felicitations at Alappuzha where he is originally from. He has informed that Infosys has set a target of 45,000 campus recruits this year and had already recruited about 15,000. Also the technology giant is working with 28 Engineering Colleges in Kerala to groom students for the IT market.
Source : 24-10-11   Compiled by
Slowdown No Brake On Intake Of Temps
Temp hiring by IT firms has gone up by almost 20 percent this year. These workers comprise 10 percent to 20 percent of the workforce at Infosys, Wipro and Tata Consultancy Services (TCS), according to the staffing industry. Studies show that temp hiring is predominant in the IT, telecom and financial services sectors but consumer goods, durables and retail are also taking the same route, right from the entry level to CXOs for interim management positions. “With market uncertainties, many companies are resorting to temping to be prepared for future crisis,” says E Balaji, CEO, Ma Foi Consulting. Companies are also depending on staffing firms to manage their compliance. An Indian Staffing Federation study found temping plays a major role in creating formal sector jobs in India, where the unorganized sector accounts for some 80 percent of the workforce.
Source : 18-10-11   Hindu Business Line   Compiled by
Rolls-Royce Appoints Business Head For India
British luxury car marquee Rolls-Royce Motor Cars has announced the creation of a new position of Head, Business Development for India, Sri Lanka and Bangladesh. The first to fill this new post will be parent company BMW's veteran of the Asian markets, Mr Herfried Hasenoehrl. Rolls-Royce, which currently sells the Phantom and Ghost models in the country, also said that it is planning to open a larger showroom in New Delhi shortly.“Our return to India in 2005 was more akin to a homecoming than a traditional brand re-launch. History was revived, with echoes of the grand Maharaja's Rolls-Royces of the past given a new life. This appointment is a testament to the growing importance of a market with a very special relationship with the brand,” Mr Paul Harris, Rolls-Royce Motor Cars' Regional Director for Asia Pacific, said.
Source : 24-10-11   Hindu Business Line   Compiled by
Labour Woes Persist, Maruti Looks To Gujarat
Frustrated with repeated interruptions in production at its Manesar plant, Maruti Suzuki India is planning to shift production out of Haryana, not much to the liking of the state government. Maruti has blamed inexperienced workers for the trouble, saying they need to “have some respect for law”. At the same time, it recognises that “maybe some more education should have been there from our side” in dealing with a young workforce. The average age of workers at the Manesar plant is 24-25 years. “I think somewhere some learning for us also (is required) on how to deal with the young people,” Maruti Suzuki Managing Executive Officer (Administration) SY Siddiqui said. The facility proposed in Gujarat will be the largest factory site for Suzuki globally, and bigger than Gurgaon and Manesar combined.
Source : 18-10-11   Hindu Business Line   Compiled by
‘Green’ Company To Double Headcount
Weston Solutions Inc, a multinational company providing eco-friendly services for infrastructure and realty projects, will double its staff in India from 100 now in the next 12 months.The company is betting big on what it terms as the slow but steady emphasis on ‘green facilities' that corporates, infrastructure projects and communities are building. The rapid increase in the number of green-rated structures in India in the last few years is an indication of the shift to eco-friendliness in infrastructure. The twin advantages claimed are conservation of environmental resources and savings.In India, it is helping a pharma major set up a green manufacturing facility that has got the highest rating of platinum on the LEED (Leadership in Energy and Environmental Design) scale, an international green-building certification system developed by the US Green Business Council, said Mr Patrick McCann, chief executive and Chairman of the $500-million turnover company, without naming the major.
Source : 22-10-11   Hindu Business Line   Compiled by
DEN Networks Appoints CEO And COO
DEN Networks has appointed Shailender Nath Sharma as CEO and Mohammad Ghulam Azhar as COO. Mr. Sharma has been president of operations since 2007 and Mr. Azhar is currently president of strategy and business development at the cable TV distribution firm
Source : 24-10-11   Compiled by
Oracle, CSC India To Raise Headcount
Oracle is planning to hire 3,500 new personnel in India across all its businesses by May. The software company needs additional manpower in India to support its growth across all business units. The hiring campaign will include social media platforms such as Twitter, Facebook, LinkedIn, YouTube and the Oracle HR blog. Oracle currently employs 21,000 personnel in India. Its development centres are located in Bangalore and Hyderabad. Meanwhile, CSC India is also planning to hire about 3,500 employees this financial year. “We are planning to increase the workforce by 15 percent. We are looking at a mix of 80 percent of laterals and 20 percent freshers,” said Brian Manning, president and managing director of CSC India. The firm will also go in for campus recruitments.CSC will focus on the banking, financial services, healthcare and manufacturing sectors in India.
Source : 20-10-11   Hindu Business Line   Compiled by
Gen Y Content, Yet More Open To Quitting
The young workers seem to be a real big enigma for their employers -- they are among the most satisfied lot at the workplace, yet more likely to quit their job when compared to their older peers, a survey has found. The survey, conducted by global staffing consultancy major Mercer's, found this enigmatic trend among the young employees to be more prominent in India and Singapore than the other countries.As per the study, the level of satisfaction was high among younger employees on a host of fronts including pay, performance management and career advancement. At the same time, their desire to leave the organisation was also found to be higher than the others. Mercer's said that the survey results indicate workers aged 34 and younger being more likely than their older colleagues to be pondering an "exit" from their current job.In India and Singapore, the average figure of young workers in the age group of 16-24, who are seriously considering leaving their organisation, is twelve and fourteen percentage points higher than the overall global scores.
Source : 20-10-11   Financial Express   Compiled by
Reliance General Hires CEO
Rakesh Jain has joined Reliance General Insurance, a unit of Reliance Capital, as CEO and executive director. He replaces Vijay Pawar, who will now be a non-executive director. Mr. Jain joins Reliance from ICICI Lombard General Insurance.
Source : 20-10-11   VC Circle   Compiled by
Tenuous Peace As Maruti Strike Ends
The Maruti Suzuki India management has arrived at an agreement with striking workers at associate company Suzuki Powertrain India (SPIL). But prospects of labour trouble breaking out again in the near future remain strong. Maruti Suzuki said the strike at its Manesar plant was over, following a tripartite agreement among the company management, the Haryana government and workers.It has decided to take back 64 employees but the mood is still one of hostility as 33 employees remain suspended. The company has decided to set up a separate labour welfare committee to improve ties between the management and workers. “There are issues of casual labour and wage disparity,” according to Abhey Yograj, chairman and CEO, Technova India. “I believe the root cause is labour reforms,but the government, neither at the state nor the Centre, wants to touch it as it is a holy cow.”
Source : 21-10-11   Mint   Compiled by
Noida Can Be A Global Financial Hub: Assocham
The Associated Chambers of Commerce and Industry of India (Assocham) has proposed development of Noida as International Finance Technology City on the lines of Tokyo, Shanghai, Paris and London. The proposed city could generate additional 1.2 million direct and indirect employment opportunities by 2020 counting on growing infrastructure like DND toll bridge, metro connectivity, projected international airport, Yamuna Expressway, export processing zone (EPZ) and IT.
Source : 20-10-11   Business Standard   Compiled by
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