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Jobs moved up by 10% in August’16 over August’15: Naukri Job Speak Index
The Naukri Job Speak Index for the month of August 2016 stood at 1835, recording an increase of 10.2% in hiring activity over the same period last year. The jobs growth experienced some slowdown in July 2016 when it had clocked a virtually flat growth of 3% however August numbers restored the growth momentum. The growth experienced in Aug 2016 was primarily driven by technology and financial industries. IT-Software jobs picked up again in Aug and grew 11% when compared to Aug 2015. BPO/ITES had an even more impressive month and clocked 16% YOY growth. Banking/Financial services experienced a massive YOY jobs growth of 42%, the Insurance industry also witnessed 49% growth in the same duration. On the other hand, infrastructure oriented industries saw either sluggish growth or in some cases jobs actually decreased when compared to last year. Construction/Engineering and Oil & Gas/Power/Energy saw jobs decrease by 8% and 17% in August 2016 when compared to August 2015. Industrial Products/Heavy Machinery saw a very flat growth of 3%. Real Estate as an industry continues to see a slowdown and in August witnessed a 33% YOY reduction in jobs.
Source : 22-09-16   Naukri.com   Compiled by www.naukri.com
More PSUs expected on IIT campuses this year
Job prospects for Indian Institutes of Technology graduates look better this year with public sector undertaking planning to increase to direct hiring from campuses. PSUs put direct recruitment from IITs on hold after a public interest litigation was filed in 2014 in the Madras high court that said such hiring made it difficult for students from other institutes to get into such companies. The stay meant PSUs relied only on GATE scores and company-specific exams to recruit engineers. GATE is a nationwide exam for engineering graduates, score of which can be used for post-graduate studies and PSU recruitment. The Madras HC dismissed the plea in September last year allowing institutes to approach PSUs for direct recruitment again. To be sure, PSUs still recruit using GATE scores and exams to recruit candidates. The All-IIT Placement Committee (AIPC), the panel responsible for campus placements across IITs, had urged PSUs to recruit from IITs this year. HPCL and CIL have already visited IIT Bombay in April this year offering jobs to around 20 students in Rs 10-12 per annum range. “We are expecting a positive response from PSUs this year, because of the initiative of the AIPC to reach out to PSUs for their active involvement in the campus placement process,” says Prof Manu Santhanam, placement advisor, IIT Madras. Prof Debasis Deb, chairman of the career development centre of IIT Kharagpur said that they have already received positive responses from PSUs. IITs Gandhinagar and IIT Roorkee too confirmed that PSUs have already confirmed plans to visit the campus. The institutes, however, did not disclose names.
Source : 21-09-16   Hindustantimes.com   Compiled by www.naukri.com
Ex Snapdeal honcho Mr. Anand Chandrasekaran to join Facebook
Mr. Anand Chandrasekaran, who as chief product officer of e-commerce firm Snapdeal pushed its mobile strategy is joining social networking giant Facebook to help develop strategies for its messenger app. The soft-spoken affable Mr. Chandrasekaran quit Snapdeal in May to start his own venture. Facebook has been aggressive on promoting its messenger app to users globally, hoping users turn as addictive on the main platform, which will help it monetize customers through e-commerce transactions. It has over one billion global users and expects to grow in markets such as India. Prior to Snapdeal, Mr. Chandrasekaran was the chief product officer at Bharti Airtel, where he worked on its mobile products. Mr. Chandrasekaran, who was brought in from Yahoo in the US had earlier co-founded mobile applications software firm Aeroprise, which was sold to BMC Software.
Source : 19-09-16   Business-standard.com   Compiled by www.naukri.com
Twitter employees lose their jobs as company halts global engineering work
A Twitter spokesperson revealed that Twitter would be laying off employees and halting work at one of its development centres in India's technology hub Bengaluru. "As part of our normal business review, we have decided to stop the global engineering work at the Bangalore development center. We thank the impacted individuals for their valuable contributions and are doing as much as we can to provide them a respectful exit from our company," the spokesperson said. The company spokesperson further said this move would only affect its global engineering workforce in Bengaluru but declined to disclose any specific details on the number of jobs being cut or how are they helping the affected employees. However, the layoffs are likely to impact less than 20 employees at the development centre, according to another source familiar with the matter. The affected employees were reportedly a part of ZipDial, an Indian mobile communications startup bought by Twitter last year. The move of sacking these employees comes a year after Twitter had announced plans of doubling down on its India operations in June last year, to build localised products suitable for markets with pervasive Internet connectivity issues. It had also stated that it would increase its employee strength to 50 employees.
Source : 20-09-16   Businessinsider.in   Compiled by www.naukri.com
"Make them richer" - Mr. Mukesh Ambani's new plan to keep his 100 top Performers from exiting RIL
In a smart way of retaining talent, 10-15% of the salaries of Reliance Industries 100 performers will be rolled out as stocks if they have been with the company for three years, sources from within the company said. The move comes in the wake of a slew of resignations the company received from several key people in the past few years. From Mr. Sandeep Das, who left Reliance Jio almost after two years as managing director in October 2015 to Mr. Sumit Chowdhury, the chief information officer (CIO), who was in the business leadership role for defining and setting up the Enterprise Business of Jio before he took off. Mr. SN Sharma, a part of the leadership team to drive Reliance Jio's cable distribution business, also quit. Called the Long-Term Incentive Plan, the new plan therefore is for the high potentials in the group who earn Rs 2 crore on an average. The programme could mean stocks worth more than Rs 20-30 lakh over and above the salary. Interestingly, Long-Term Incentive Plan are a common measure taken by companies where the attrition rate is high. More often, it is seen being implemented in information technology and ecommerce sectors. If the new structure is implement at RIL, the group will be the second to offer LTIPs this year after Tata Sons proposed to reward top-rung executives for loyalty with long-term incentives in the form of cash in the month of April this year.
Source : 20-09-16   Businessinsider.in   Compiled by www.naukri.com
Mr. Sanjay Purohit 7th executive to quit Infosys since Mr. Vishal Sikka took over as top boss
Infosys chief executive Mr. Vishal Sikka saw the exit of the seventh key executive in Mr. Sanjay Purohit, since he took over as the boss of India's second largest software exporter. Mr. Sikka shuffled Mr. Purohit – sending him to head the consulting arm in the US and moving him back to India in July to work on strategic initiatives – as business slowed down and the company had to cut yearly forecast. He replaced Mr. Purohit with Mr. Rajesh Krishnamurthy, who was earlier heading the energy and utilities vertical. An Infosys spokesperson confirmed his exit. Infosys has struggled to sell itself as a consultant to chief executives of global companies in an effort to fetch long-term high margin contracts. The Bengaluru-based software behemoth had in the past set up a consulting subsidiary and acquired Zurich-based Lodestone, which had expertise in systems, applications & products implementation consulting. However, it saw key consultants exit eventually. Infosys is still considered an outsourcing shop that can cut IT costs for global firms by moving work offshore, rather than helping them strategically in deciding on their technology road-map. This has been worrying Mr. Sikka too, as he brings in new measures such as design thinking and zero distance by getting project managers to pitch how they improved work for their clients. He has also put in efforts to automate routine work — repeated work that requires less experienced staff.
Source : 19-09-16   Business-standard.com   Compiled by www.naukri.com
Razorpay appoints former OnePlus Marketing Head Mr. Karan Sarin
Razorpay, an online payments platform, appointed Mr. Karan Sarin as the Chief Marketing Officer. Mr. Karan Sarin, who most recently served as the Head of Marketing for OnePlus India, will now focus on building Razorpay brand, nationally & globally, generating customer demand, planning strategic events and designing the company’s communication strategy. As we grow and expand our technological footing with multiple stakeholders across the ecosystem, I am confident that his expertise, will be invaluable. Mr. Karan Sarin has achieved many milestones in his career and has been instrumental in building some of the leading startup brands in India. I’m thrilled he will be joining our company to play a prominent role in leading the journey, said Mr. Harshil Mathur, CEO & Co-Founder, Razorpay.
Source : 16-09-16   Indiatoday.intoday.in   Compiled by www.naukri.com
Paternity leave gaining prevalence in India: Report
India is among top 10 countries globally with highest percentage of companies providing paternity and adoption leave above the statutory requirement, said a report. According to Mercer Global Parental Leave report 2016, 38 per cent of companies globally provide paid paternity leave above the statutory minimum and several countries mandate a parental leave program that may be used by either parent. In Asia Pacific, 41 per cent of the companies provide paid paternity leave above the statutory minimum with India being among the top ten countries with the highest percentage of companies providing paternity and adoption leaves above the statutory requirement in the world. "Paternity leave in India has been gaining prevalence over the last few years; we have seen the percentage of organisations providing this benefit rise from about 60 per cent in 2014 to 75 per cent in 2016," Mr. Kangan Shekhar, India Benefits Product Head, Mercer said. While the number of days provided have remained fairly consistent over the years at five days, many more organisations are allowing employees to avail the leave from the date of joining, Mr Shekhar added. Meanwhile, adoption leave in India, like paternity leave has gained prevalence over the last few years with the percentage of organisations providing this benefit increasing from 33 per cent in 2014 to 43 per cent in 2016."While most organisations provide 45 days as adoption leave to female employees, a few organisations provide the same entitlement as Maternity leave, which is 90 days. Additionally, many companies are also extending adoption leave benefits to male employees indicating the increased importance of parental leave policies," Mr Shekhar said. As the provisions of parental leave policies expand beyond traditional maternity leave, some employers have chosen to implement a global policy, the report noted. Among companies with a global policy, 19 per cent cover all four types of leave -- maternity, paternity, adoption and parental.
Source : 21-09-16   Ndtv.com   Compiled by www.naukri.com
Centre's New Push Soon On 'Hire and Fire' Law To Boost Jobs
The Modi government is to make a renewed drive to overhaul labour laws, hoping to create millions of new jobs by making it easier to hire and fire, the labour ministry's top bureaucrat said. Prime Minister Mr. Narendra Modi made a shake-up of India's labour market a part of his reform agenda after coming into office in 2014, but opposition from unions and a bruising battle to pass other crucial pieces of economic legislation have stalled those efforts. Labour Secretary Mr. Shankar Aggarwal said that the government felt the time was right to prioritise labour reform again after parliament in August passed India's biggest overhaul of indirect taxes, the Goods and Services Tax (GST), a victory for PM Mr. Modi's bid to boost the economy. "We have to tweak the law. Employers want flexibility in hiring," Mr Aggarwal said in an interview. Two key bills, covering industrial relations and wages, would be sent to the cabinet this month, he said. Subject to cabinet approval, the bills would be presented in parliament's next session, beginning in November. A rule requiring firms to seek rarely granted government permission for laying off large numbers of workers, which employers say has discouraged permanent hiring and kept factories small, are among restrictions to be loosened. "It is a question of priority. We thought that it will be a good idea to put GST first so that we don't fritter away our energy," Mr Aggarwal said. The government says freeing up labour markets will boost employment, lure foreign investment and encourage firms to expand.
Source : 22-09-16   Ndtv.com   Compiled by www.naukri.com
Government scouts for a new joint managing director to steer Air India revival
The government is seeking to hire a new joint managing director to steer Air India Ltd’s turnaround and debt restructuring plan. The Appointments Committee of the Cabinet (ACC), which is headed by Prime Minister Mr. Narendra Modi, has asked the aviation ministry to fill the position, which fell vacant in 2014, according to two government officials aware of the matter, both of whom spoke on condition of anonymity. Air India has had two joint managing directors since it merged with Indian Airlines in 2007. Bureaucrat Mr. Vishwapati Trivedi was the first. Mr. Syed Nasir Ali, an Indian Revenue Service officer deputed to the aviation ministry, served as joint managing director from 2012 to 2014. “The ACC did not extend the tenure of Mr. Ali any further and since then this position has been vacant. Now they want it revived. It is now felt that we need someone to be the eyes and ears of the government and help with the turnaround process,” said one of the two officials cited above. Air India is weighed down by debt of Rs51, 367 crore, which it piled because of new plane purchases over the past decade and working capital loans.
Source : 19-09-16   Livemint.com   Compiled by www.naukri.com
HRD Ministry wants IIMs to implement faculty quota
The Centre indicated that the Indian Institutes of Management (IIMs) may no longer be exempted from reserving faculty positions for SC, ST and OBC candidates. According to sources, the HRD Ministry is keen that the IIMs meet their constitutional obligation and ensure social equity in teacher recruitment. “The Constitution provides for reservation and no one is above the Constitution. There is a list of exempted institutions, but the IIMs are not among them,” said a senior ministry functionary. Quota system for faculty has been a contentious issue ever since the government in 2008 asked all centrally-funded institutions, including IIMS, IITs and central universities, to set aside teaching positions for SCs, STs and OBCs. While all IIMs have introduced quota in student admissions, many — including IIM Ahmedabad, IIM Bangalore and IIM Calcutta — have resisted the push for affirmative action in faculty recruitment. IITs and central universities, on the other hand, have toed the government’s line. The ministry has sent three advisories to the IIMs since 2013 urging them to implement quota.
Source : 23-09-16   Indianexpress.com   Compiled by www.naukri.com
Raymond to cut 10,000 jobs in three years as robots to replace workers
The threat of automation taking away jobs may be coming to India much earlier than expected. Close on the heels of reports that automation would reduce employment opportunities in the software sector, here comes a news that shows the manufacturing sector is not far behind too. According to media reports, textile major Raymond is planning to slash 10,000 jobs at its various manufacturing units in the next three years, and induct robots and use technology instead. The company has 30,000 staff across 16 units, according to a report. "Through technological intervention we are looking to scale down the number of jobs to 20,000, through multiple initiatives in technology," said Raymond CEO Mr. Sanjay Behl. According to him one robot can replace around 100 workers. Globally, there have been concerns over automation or robots taking away jobs. However, there was perception that the threat of robotics or automation killing jobs in India may not be as real as it is in developed countries or China. However, a few days back reports suggested that private banks in India are looking at using the services of robots. ICICI Bank recently announced that services of robots would be used to perform tasks such as generating customer IDs, updating addresses and mobile numbers, resolving ATM-related queries, etc.
Source : 16-09-16   Firstpost.com   Compiled by www.naukri.com
More Indians searching for government jobs: Google
Government jobs are on the minds of millions of Indians, according to search engine giant Google. There is a 48 per cent rise from last year in the number of people seeking government jobs, according to a report, Digital Classifieds in India 2020, launched by Google and KPMG. "This year job searches related to the government have been on the rise. E-commerce job queries have been increasing as well. Other sectors where people are looking for jobs are banking and information technology," said Mr. Nitin Bawankule, industry director, Google India. He added more people were seeking jobs and other services in Indian languages and sarkari naukri was one of the top searched Indic terms. The online job search market is set to double by 2020 with 63 per cent consumers accessing e-classifieds. The Indian digital classifieds industry was projected to grow three times to $1.2 billion by 2020, the report said, adding Bengaluru, Mumbai, the NCR and Hyderabad were the top cities for online job searches. Horizontal classifieds will continue to lead with about 30 per cent market share of total digital classifieds in 2020. Google search trends reveal local searches in these categories have grown four times in the last four years, led by cities like Pune, Ahmedabad, Chandigarh, Kochi, Coimbatore, Indore and Jaipur.
Source : 22-09-16   Business-standard.com   Compiled by www.naukri.com
Tata Steel plans on improving diversity, to recruit 5,500 women and 100 differently-abled
Tata Steel is looking forward to hiring 5,550 women by the year 2020. Currently, Tata Steel already has around 2,000 women in its workforce, which is less than 6% of the total 35,000. Apart from this, the company is also planning to recruit 100 differently-abled people. Tata Steel currently employs 106 differently-abled people. The hiring would be replacement hiring. "Most of the diversity hiring would be replacement of positions currently held by men," said Mr. Atrayee Sarkar, chief diversity officer at Tata Steel. "It took a year to lay out concrete plans around diversity and inclusion. Unlike other companies that talk about diversity at managerial level and at industries that have desk jobs, for Tata Steel, which is an organisation that has multi-location mining, raw material and manufacturing and bringing in diversity is more complex," Mr. Sarkar added. "Trying to achieve the percentage in all our locations is a bigger challenge to us." The strategy for improving diversity is clear: Take more women at the entry levels. Previously, just 10-15 per cent of entry-level hires were women. Now, it wants to take this to a minimum of 30 per cent- that means, every 10 new hires at the entry level will have at least three women. "We're getting women from campuses, in the first block," said Mr. Sarkar.
Source : 16-09-16   Businessinsider.in   Compiled by www.naukri.com
Postal Department to recruit 55,000 gramin dak sevaks
The Departments of Posts plans to recruit around 55,000 Gramin Dak Sevaks through online mode in November, Mr. B.V Sudhakar, Secretary, Department of Posts, said. Addressing a Press Conference, Mr. Sudhakar informed that the software required for online recruitment is at the testing stage and the online method will ensure transparency in this recruitment. In order to address the grievances of the postal customers, the National Service Call Centre - 1924 - was launched on September 12, 2016. Customers can call from any network to this number and they will be given a unique 11-digit ticket ID to check the status of their complaint. Nearly 98 per cent grievances and complaints were resolved, he said in a statement. Explaining about the Post Payment Bank, he said the focus will be on Government to customer services by providing services like Direct Benefits Transfer, which could also be helpful in the financial inclusion. There will be no lending to the customers and deposits can be made up to Rs. 1 lakh. Total 650 branches of post payment bank will be set up by May 2017 and nearly one lakh employees will work on this set up, he added. Mr. Sudhakar also informed to harness solar power, 4000 Postal buildings across country will utilize solar power in the coming days. To start with Postal Department headquarters at New Delhi will install Solar Power panels which can save up to Rs. 17 lakh of monthly power bill. The business across Postal services registered growth with 3.8% growth in unregistered postal traffic, 6% in registered posts, 7.3% in Speed Post, 6.8% in savings banks mobilization and 25% growth in Philately, during 2015-16 as against 2014-15, he said. Postal Department achieved business of Rs. 14, 900 crore as against planned target of Rs. 14, 600 crore, he added.
Source : 16-09-16   Thehindubusinessline.com   Compiled by www.naukri.com
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