Thursday, 7 January 2016

HR Headlines via Naukri.com

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Top-Notch Recruiters take PPO Route for Placements This Year
 
Four of the top-notch recruiters- The Boston Consulting Group, Samsung, Hindustan Unilever and McKinsey left out the placement at engineering colleges this year however, hired the required talent on board. Placements for McKinsey were organized off-campus for all the engineering colleges whereas BCG skipped recruiting at IIT-Kharagpur and IIT-Guwahati. On the other hand, companies like Hindustan Unilever and Samsung Korea made preplacement offer (PPO) for recruiting the talents skipping the usual on-campus placement. However, this would not affect the exciting process of placements at the colleges. Considering the surge in the number of students in the batches and expansion of Indian Institutes of Technology and Indian Institutes of Management, plenty of changes are on the cards. Mr. Mohak Mehta, former placement manager of IIT-Bombay, lends help to academic institutes in the placement process, said, "In the next few years we are likely to see a shift in the current process as more institutes come up and companies feel the need to cover more campuses. "We have already seen a trend of companies using the preplacement route to hire students. That will happen in a much bigger way as companies look to pick up tried-and-tested talent," said Mr. G Balasubramanian, chief placement officer, Birla Institute of Technology & Science, Pilani. "We were able to make PPOs to 30% of interns, thus filling our requirements in supply chain and R&D (research & development) functions for this year. Our practice has always been to make the most of the internship as it enables us to assess people for a full two months," a HUL spokesperson said.
 
Source : 30-12-15   Jobs.siliconindia.com   Compiled by www.naukri.com
ISB gets a new Dean
 
Professor Rajendra Srivastava has taken charge as the new Dean of the Indian School of Business (ISB) effective January 1, 2016. He succeeds Mr. Ajit Rangnekar, who served as Dean of the School since January 2009 and retired on December 31, 2015. Professor Srivastava is the fifth Dean of ISB and also the Full Professor of Business in Marketing and the Novartis Chair Professor of Marketing Strategy and Innovation. Prior to joining ISB Professor Srivastava was the Provost and Deputy President (Academic Affairs) and LKC Distinguished Chair Professor of Marketing Strategy and International Business at the Singapore Management University (SMU). His experience as an academic and administrator spans over 30 years and North America, Europe and Asia. An alumnus of the Indian Institute of Technology, Kanpur, he holds a master's degree and a doctorate in Business Administration from the University of Pittsburgh and an MS in Industrial Engineering from the University of Rhode Island.
 
Source : 04-01-16   Business-standard.com   Compiled by www.naukri.com
Extended benefits on Maternity leave: India Inc keen to go extra mile
 
Amidst the Labour Ministry's plans to extend the period of maternity leave of working women from 12 weeks to 26 weeks, Indian companies are showing eagerness to go an extra mile. The Labour Ministry is in the final stages of preparing a draft amendment bill to and will soon send it for inter-ministerial consultations. Companies like Flipkart, Godrej, ICICI Bank, Accenture and Intel are ready to hike the benefits substantially further. Online e-commerce giant Flipkart is ready to offer 6 months maternity leave to women employee with further four months of flexible hour option. Private lender ICICI Bank and FMCG major Godrej are open to giving 6 months paid maternity leave. IT Company Accenture said that the maternity leaves can be given for five months with additional benefits like four weeks of paid leave in case of pregnancy related illness while Intel said that apart from five months of maternity leave; the women workers can get another one month of flexible work option. As per Maternity Benefit Act, 1961, a working woman is entitled for 12 weeks of maternity leave, out of which six weeks are before the expected date of delivery.
 
Source : 31-12-15   Zeenews.india.com   Compiled by www.naukri.com
B-schools see 15% hike in average salary offers
 
Business schools have hit a sweet spot in placements, with average salaries on offer rising in excess of 15%—and the number could move north once the premier Indian Institutes of Management (IIMs) start their placement season in February. Unlike the top IIMs, which can afford to restrict placements to days (indeed, in good years, most students are placed on Day 1), most other business schools dedicate a few weeks, even months to placements. Some business schools such as the International Management Institute (IMI) and Indian Institute of Foreign Trade (IIFT) in New Delhi have completed placements two months in advance; others such as the Birla Institute of Management and Technology (BIMTECH) in Greater Noida and Management Development Institute (MDI), Gurgaon, have placed a bulk of their graduating students. The schools say the job market has improved significantly with the change of government and better hiring outlook at companies, a view staffing companies agree with. The RP-Sanjiv Goenka Group-promoted IMI has placed all its 180 graduating students. “The response from industry has been amazing,” said Ms. Manaswini Acharya, chairperson of the placement committee at IMI. “The average salary last year was around Rs.9.7 lakh and this time it is Rs.14.3 lakh. IIFT says that on average, salaries have increased 20%. Banks, finance companies, and information technology (IT) companies were the top recruiters. At IMI, ICICI Bank made 17 offers, Genpact, 16, and Infosys, 15.Tata Consultancy Services (TCS) Ltd was the top recruiter at BIMTECH, and made 27 offers. At BIMTECH, IT companies have hired more than 65 graduates, and insurance companies, 55, of the 400-strong batch, said Mr. K.K. Krishnan, professor in charge of placement at the business school. “There is a bounce in recruitment this time. By now, we have placed more than 75% of the batch—a figure that we achieved by February-end last season. You can credit better government policies and an improvement in the economy,” Mr. Krishnan added. He said that the number of companies that have so far visited the school is around 30% higher than last year.
 
Source : 07-01-16   Livemint.com   Compiled by www.naukri.com
Goldman Sachs Begins Hiring Process for 5,000 Professionals
 
At a time when many companies are rationalising their human resources or are implementing a freeze on hiring citing poor market condition, here’s news that brings some cheer. Goldman Sachs, the global investment banking major, has begun the process of hiring over 5,000 people at the mid-level across the firm in India. It will be for technology professionals, back-office and middle-office and will mostly be for positions in Bengaluru. The hiring that is on right now will be completed by 2018, sources said. Goldman Sachs had announced in 2014 that it would invest Rs 1,200 crore on a new campus in Bengaluru. Expected to be ready by 2018, the campus, is coming up on a 21-acre plot. It will eventually have the capacity to house about 9,000 employees “There’s a trend of bigger companies consolidating on the Outer Ring Road, near Varthur Lake in East Bengaluru. Goldman Sachs is a new entrant there,” said Mr. Goutam Chakraborty, Director, Colliers International, a global commercial real estate services organisation. The Goldman Sachs Group currently employs over 10,000 professionals across offices in Bengaluru. Mr. Jeffrey W Schroeder, Chief Administrative Officer of Goldman Sachs, had in 2014 said here in Bengaluru that the facility will be the second biggest for the group after New York where it has over 12,000 people.
 
Source : 04-01-16   Newindianexpress.com   Compiled by www.naukri.com
Foodpanda fires over 500 employees, will stop own delivery in six cities
 
Online food ordering start-up Foodpanda India has laid off close to 500 employees, according to two people aware of the development. The layoffs ordered covered all business segments—sales, marketing, vendor service, customer delight, business intelligence, automation, on-boarding and an in-house call centre in Gurgaon. Foodpanda delivers 20% of its total orders on its own. The rest is outsourced to vendors, who pick up and deliver food. Or the restaurants listed on the site do it themselves. Foodpanda is one of the world’s largest online food ordering marketplaces, present across India, Brazil, Russia, South-east Asia and Eastern Europe. It has raised almost $310 million since its launch in March 2012 from the Samwer Brothers of Rocket Internet and Goldman Sachs, a global bank. “As a result of the many technological innovations, we have achieved over 98% automation in order processing. This resulted in lesser manual interventions, thereby leading to surplus manpower, which was not benefitting the business or our people’s careers,” Mr. Saurabh Kochhar, chief executive officer (CEO) of Foodpanda India, said in an emailed reply. “Therefore, unfortunately, we had to let go of around 250-300 people from our total man force.” “Re-organization of the business was done across every aspect from technology to processes to customer service. This has been a painstakingly difficult decision-making phase,” he added. “We continue to stand by our people and are doing the best we can to mitigate the fallout.” While Foodpanda has disputed the number of people it has laid off, the two people cited earlier said the number is closer to 500.
 
Source : 30-11-15   Livemint.com   Compiled by www.naukri.com
Meet Mr. Abidali Neemuchwala, the new CEO of Wipro
 
Just 10 months after he joined Wipro as Group President and COO, Mr. Abid Ali Neemuchwala has been elevated as the new CEO of the company and inducted into the board. Mr. Neemuchwala's elevation was speculated right from the time he joined the company after a 23-year stint at Tata Consultancy Services, where his last role was as the global head of TCS's Business Provider Services unit. He was considered particularly close to TCS CEO Mr. N. Chandrasekaran, and Wipro bagging him was considered a coup. Forty-nine-year old Mr. Neemuchwala is a post-graduate from IIT Bombay who has a Masters in Industrial Management and also is an Electronics and Communication graduate from NIT-Raipur. He takes over Wipro at a time when it is in slightly better shape but is still struggling as it adapts to market shifts. Also, increasingly, Mr. Rishad Premji the Chief Strategy officer of the company who represents the interests of the founding Premji family on the board will play a crucial role in shaping Wipro's future, along with Mr.Neemuchwala.
 
Source : 05-01-16   Businesstoday.in   Compiled by www.naukri.com
L&T chief Mr. A M Naik resigns as chairman of IIM-A Board
 
Having brought some of the top brains to spearhead the management education at India's premiere institute the Indian Institute of Management - Ahmedabad (IIM-A) the Chairman of the Board of Governors (BoG) Mr. A M Naik announced his resignation from the post. Chairman of India's largest engineering player, L&T, Mr. Naik took about six months to come to a decision to call it a day as the institute chairman, where he has been holding the post since 2012 after replacing then Chairman Mr. Vijaypath Singhania of Raymond Group. "It took me six months to take this decision. It was just becoming impossible to take time out of my schedule (to look after the affairs at IIM-A). L&T is a giant work. It has 78 businesses under 21 companies. And I am an active chairman. The resignation is purely out of over-work and time constraint and nothing else," said Mr. Naik. Mr. Naik, who had been given an extension of three years early this year, had his term till 2018. He resigned in a letter to the Ministry of Human Resources Development, Government of India. "I did my best while being at IIM-A. I have got the best Director for IIM-A from Harvard. I reconstituted the Board and brought senior Harvard professor Srikant Datar on the Board. I am content for having been able to change the concept of management teaching," Mr. Naik said. My four years (of stint) have been very satisfying. I will remember it for my life," he said. Known for his business acumen and successful expansion of the vast business empire of L&T Group, Mr. Naik set precedence for his successors to go an extra-mile and reach out to the best needed for academics.
 
Source : 31-12-15   Thehindubusinessline.com   Compiled by www.naukri.com
Air India pilots to be penalised for bunking
 
In a bid to crack a whip on pilots who report sick just two hours before flight time, Air India has come up with penalising provision. Under the new provision, any pilot who will call in sick two hours before the flight will face deductions in total flying hours. This will not only reduce flight delays but will also teach some professionalism to pilots. Not only this, pilots who will bunk won't be eligible for flying allowance based on 72 hours if they do not fly for a minimum 45 hours a month. "It is very difficult to find a replacement if a pilot reports sick four hours before the departure of a flight. A two hours deadline will surely discourage pilots from skipping work and will improve our fleet and pilot utilisation," said a senior Air India official, who preferred anonymity. Although Air India has improved slightly in performance, but less number of flights still haunts the national carrier.
 
Source : 05-01-16   Businessinsider.in   Compiled by www.naukri.com
Rubique appoints Mr. Anadi Mishra as CTO
 
Rubique, an online marketplace for financial products, has roped in Mr. Anadi Mishra, a former employee of Myntra, as the new Chief Technology Officer (CTO). It also appointed Mr. Manish Aggarwal, who earlier worked with Reliance Jio, as the new Business Head. Mr. Mishra is expected to strengthen the company’s technology platform while Mr. Aggarwal will handle its business and operations. An IIT Mumbai alumnus, Mr. Mishra brings over 22 years of experience across core competencies like product development, analytics, machine learning, consultant, etc. He played key role in product and team building at Myntra as Vice President for Engineering Analytics. Mr. Mishra began his career with Reliance Industries before working for companies such as PwC, UIDAI, and CrowdAnalytix. At Rubique, he will focus on creating innovative tech products with his strong experience in analytics domain. A product of IMT Ghaziabad, Mr. Aggarwal has more than 17 years of diverse experience in sales, customer services, vendor management, and client relationship management, among others. He started career with Cadbury Schweppes Beverages India. “We are focused to bring more efficiency in the entire loan eco-system by introducing an innovative tech-led solution which caters to all the financial needs of consumers who are both online and offline, and are therefore hiring experts from diverse industries who can add value in the existing processes,” said Mr. Manavjeet Singh, Founder and CEO, Rubique.
 
Source : 03-01-16   Thehansindia.com   Compiled by www.naukri.com
Rs 1-cr offer for IIFT graduates
 
The Indian Institute of Foreign Trade (IIFT), one of the oldest B-schools in the country functioning under the commerce ministry, has registered a record placement with some students being offered over Rs 1 crore per annum salary package. The institute, which registered 100 per cent placement of its largest ever batch of 254 students, also recorded a significant rise in the salary offered by recruiters in domestic placements. While the average salary offered to the institute’s students in domestic placements remained at Rs 18.01 lakh per annum, the highest compensation offered by the recruiters for various positions in India reached Rs 29 lakh. The Olam International, TGI Group, Bhatia Brothers, Bajaj Auto and Godrej were among the companies which offered international roles. Amazon, Cognizant Business Consulting, JP Morgan, Vodafone, IDFC Bank, Wipro, HCL, ICICI Bank, State Bank of India, Axis Bank, Edelweiss, Goldman Sachs and Nomura were among the companies hiring IIFT students to take up various key roles.
 
Source : 06-01-16   Deccanherald.com   Compiled by www.naukri.com
Government emphasis on job creation to create millions of jobs
 
With the government putting strong emphasis on job creation, experts aid measures proposed in the Union Budget can help in creating millions of employment opportunities in the coming years. Global management consultancy Hay Group India Managing Director Mr. Nitin Razdan said, "Jobs and hiring in India needs to shift from being 'qualification based' to being 'skill based' as this will ensure that even the educational institutions will focus on imparting skills that lead to employability, rather than doling out certificates and degrees". The government's 'Make in India' programme to make India a manufacturing hub, presents a huge opportunity for job creation. Moreover, increased emphasis on skill development and education would help make a lot of youth job-ready. "With the government's impetus to boost growth and facilitate INVESTMENTS in high productivity sectors like infrastructure, manufacturing and related industries promises to create a vast pool of job opportunities in the coming years," global professional services company Towers Watson MD - India Mr. Vivek Nath said. While presenting the Budget, FINANCE Minister Mr. Arun Jaitley said that the government will soon be launching a National Skills Mission through the Skill Development and Entrepreneurship Ministry. The Mission will consolidate skill initiatives spread across several Ministries and allow us to standardise procedures and outcomes across our 31 Sector Skill Councils.
 
Source : 05-01-16   Moneycontrol.com   Compiled by www.naukri.com
Centre to turn the heat on non-performing PSU employees
 
The officers with Central Public Sector Enterprises, who have completed 30 years of services or reached the age of 50, will also have to undergo a quarterly performance audit similar to the review for civil servants. The move is expected to help improve the “probity and efficacy” of employees of public sector units, according to a recent directive by the Department of Public Enterprises. Under the provision, the government can retire employees who have completed 30 years of service in lieu of three months’ notice period or three months salary and allowances. The Department of Personnel and Training had in September last year issued a similar directive to spruce up the administration by initiating such performance reviews of all government employees six months before they attain the age of 50 or 55 years and on completing 30 years of service. Based on the appraisal, non-performing employees would be allowed to retire. “Such a policy has already been in place for civil servants and government employees for some time, which was re-iterated last year by the DoPT. Since PSUs are also under state control, it was felt that their employees should also come under a similar review,” said a senior official, adding that the move is also expected to improve the performance and productivity of PSUs.
 
Source : 01-01-16   Thehindubusinessline.com   Compiled by www.naukri.com
IIM Bangalore school courses top-ranked in Central Asia
 
Three post-graduate courses of the state-run Indian Institute of Management have been ranked top in Central Asia by Paris-based international agency Eduniversal, which specialises in higher education, the B-school said. The three courses of the IIM-Bangalore are the two-year post-graduate programme in management, one-year post-graduate programme in public policy and management and one-year full-time residential executive post-graduate programme. "Ranking is part of the agency's study of best masters and master of business administration (MBA) in 30 fields," the statement noted. "We have renewed our presence as the top management school in Central Asia, having been recognised as the number one business school in the zone, for three of our long-duration programmes," said Mr. Ishwar Murthy, dean faculty, IIM Bangalore, in a statement. Eduniversal evaluation system rates an institution on three criteria - Reputation of the programme, first salary post-graduation and student satisfaction, the statement added.
 
Source : 06-01-16   Thestatesman.com   Compiled by www.naukri.com
No Interviews: PSU Banks Asked to Strengthen Exam for Clerical Posts
 
The Finance Ministry has asked public sector banks to strengthen written examination for recruitment of clerical and sub-staff posts as there will be no interviews for such appointments. The decision to change the recruitment process follows Prime Minister Mr. Narendra Modi's directive that there was no need for holding interviews for lower level posts. "PSBs (public sector banks) may explore other alternatives to strengthen written examination such as by including psychometric tests, etc. to replace interview mechanism," the Department of Financial Services said in a communication to chief executives of all the 27 state-owned banks. The PSU banks were asked to take "necessary action" to discontinue interviews in the recruitment process for the clerical and sub-staff posts by December 31, 2015. The Committee of Secretaries chaired by Cabinet Secretary in its meeting held on November 13 had recommended discontinuation of interviews in PSU banks for junior level posts. Prime Minister Mr. Narendra Modi had announced that from January 1, 2016 there would be no interviews for central government jobs in Class-III and IV categories. He had termed it as a "New Year Gift" to the youth and a major step to curb corruption.
 
Source : 03-01-16   Profit.ndtv.com   Compiled by www.naukri.com
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