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August 29, 2013

Sick leave costing organisations billions in Australia

In a report from Direct Health Solutions (DHS) it has been revealed that with the average absenteeism levels in Australia reaching 8.93 days per employee pa, employers and Australian Tax Payers are losing $27.5 billion a year in leave costs and lost productivit.

HR lacks in considering impact of language barriers

A provider of English language instruction, GlobalEnglish, tested non-native English speakers at companies in 76 countries over the course of 2011. It was found that after testing the application of English in different contexts, including email and phone, during presentations or sales meetings, and understanding of nuance and complexity in business situations, the average test score had declined since the previous year. Recent research by the London School of English (LSE) found that 98% of HR directors believe that their non-native English speaking staff can communicate effectively, yet many aren’t taking into account the need for additional vocabulary training (to include industry-specific jargons.

August 28, 2013

Ashok Vemuri resigns from Infosys

Bangalore: Ashok Vemuri, Member of the Board, has decided to leave Infosys. Ashok has been an integral part of the Infosys journey over the last fifteen years. He has played a significant role in building the company’s market leadership in the Financial Services and Manufacturing verticals and in North America. Sanjay Jalona, currently the Regional Head for Manufacturing in North America, will take over as the Global Head of Manufacturing, Infosys.

August 27, 2013

The spirit of "Power of one" campaign

Banagalore: Infosys has partnered with global performance management consulting company Gallup to conduct the litmus survey to gauge the mood in the company. A ten-question mailer has been sent to employees. Questions include whether the employee would be willing to stay in the organization beyond two years, what are the positives and negatives of the company and whether employees feel empowered in the organization.The company's HR head Srikantan Moorthy, and business IT services head of manufacturing Narsimha Rao Mannepalli believe that Litmus is the power of one much like the 49 Campaign launched in India to promote women's empowerment in the country.He addressed that for anyone wanting to create a more "desirable Infosys", the survey was an important step and what they will get as feedback this time will influence the path they choose from their current standing.

Andrew Swenson, United’s new vice president and CIO

Andrew Swenson, an IT veteranis taking on the post of chief information officer at United Insurance Holdings Corp.He shall be responsible for directing and enhancing the company’s information technology infrastructure.

Layoffs in Forthworth and Irving Sprint offices

Sprint is permanently laying off 284 employees at its Fort Worth, Irving and Temple offices. It expects another round of layoffs in September that, when added to the first round, will amount to 800 total jobs eliminated nationwide.

August 26, 2013

Pradeep Mukerjee appointed new country head and chief executive officer for Mercer Consulting India

Mumbai:Mukerjee, who will formally take over from September 2, joins Mercer from Confluence Coaching and Consulting, which he established in 2007 as the founding director.Mukerjee is a certified coach by International Coach Federation, USA and an independent member of the board of directors of Timex India.

Companies are committed to a globally mobile workforce amid increasing complexities, challenges, and high costs.

New York: In a corporate survey by KPMG it was revealed that corporations worldwide continue to invest in global mobility programs despite increasing regulatory and compliance challenges. This KPMG survey, which polled more than 600 human resource (HR) executives, suggests a strong outlook on the future organizational use of international assignees, particularly in European-headquartered and energy sector companies, where 90 percent and 93 percent of respondents, respectively, said they expect continued or increased use of assignees.

August 25, 2013

Probing the HR issues in the key Dubai Summit

Manama-The HR Summit and Expo 2013, which will be held from October 7 to 9 at the Dubai International Convention and Exhibition Centre will involve the prescence of heads of HR from across the Middle East.They will be speaking at the summit about the latest HR developments that have the greatest impact on business strategies today.Chief Speakers at the summit would be Tom Peters, the co-author of the best-selling book In Search of Excellence, and the world's number one authority in management and leadership and Chester Elton, the co-author of the New York Times bestselling book, All In. He will address more than 2,000 delegates throughout the region about how positive leadership and fostering an organisational culture of belief can triple a company's productivity.

Helpage India launches a drive to bridge generation gap

Chennai- The HUG volunteers will encourage their friends and others to join as volunteers and share their experience in changing the lives of the senior citizens. The volunteers will also be in touch with senior citizens through telephone calls enquiring about their health and also to help them during any emergency.

September 29, 2012

U.S. Visa Process to Take 2 Days

Bangalore: The new approach will make the process more easy and smooth. The U.S. consulate has come up with some changes in the visa process and from now on a visa interview will be a two-day affair instead of one, reports Yahoo. According to officials.On the first day, photos will be taken and finger prints collected. The interview will be conducted on the second day.Earlier visa-seekers had to spend one whole day at the consulate, but now on each of the days, they will have to spend just one hour, reports officials. The US embassies and consulates in India have introduced the new method.

September 28, 2012

Accenture Q4 Net Falls 7 Percent to $636M

Bangalore: Accenture Global technology and consultancy giant fourth-quarter profit fell 7 per cent to $636 million on account of higher tax rates.consulting net revenues for the company witnessed a decline of 4 per cent to $3.74 billion during the fourth quarter, while outsourcing net revenues increased 10 per cent to $3.1 billion.The Revenue from Europe, Middle East and Africa (EMEA) declined 4 per cent to $2.6 billion, while revenues from the Asia Pacific region increased 11 per cent to $957 million. Revenues from America also increased by 5 per cent to $3.2 billion.For the full year, net revenues for the full 2012 fiscal year were $27.9 billion, compared with $ 25.5 billion for
fiscal 2011, an increase of 9 per cent.Net income for the full fiscal year was $2.82 billion, compared with $2.55 billion for fiscal 2011, an increase of 11 per cent.They are very well-positioned to continue gaining market share and delivering value to clients and shareholders.

September 27, 2012

IBM To Get Its First Female Chairman

Bangalore: Virginia Rometty President and CEO will soon be appointed as chairman of the IBM company.IBM has announced recently, Rometty had joined IBM in 1981 as a system engineer and became a member of its consulting
group in 1991. She is being credited with IBM’s growth strategy over the years and is seen as a leading reason behind IBM getting into cloud computing and analytics businesses.Over the years Romeety has been working in IBM she has held a number of positions including some of the top positions in IBM’s sales and service units.Rometty will be the first woman to head the company and IBM’s ninth CEO. She was elected by the board of directors that voted in favor. As a chairman, Rometty will succeed IBM’s former CEO, Sam Palmisano.

September 26, 2012

FBI Joins Search for Missing Indian-American Student

Houston: 18-year-old Harsha Maddula, Northwestern pre-med sophomore and straight-A student, disappeared on Saturday over the weekend after attending an off-campus party with friends.: The FBI has joined a search for an Indian-American Northwestern University student reported missing since last week, according to the University police which is investigating the case.Maddula left the party with three or four people, according to multiple sources who saw his group leaving the house, which is located west of campus.Several sources who said they spoke with Maddula at the party recalled him as coherent - not stumbling or visibly intoxicated - as he left.Originally from the small Long Island town of New Hyde Park, New York, Maddula lived with parents Prasad and Dhanalakshmi Maddula before coming to NU last year.

Wisconsin Gurdwara to Receive 2012 Solidarity Award Washington:

The award by Washington-based Council on American-Islamic Relations (CAIR) would be presented to a Gurdwara representative at the organization's banquet and Leadership Skills Training Conference on September in Virginia.The Gurdwara in Wisconsin, which experienced a shooting spree by a white supremacist last month, leaving six worshipers dead, will receive the "2012 Solidarity Award" by an eminent American Muslim organization.The Sikh temple in Oak Creek, Wisconsin, was the site of an August shooting spree by a white supremacist that left six worshipers dead. It will receive the award for friendship and solidarity with the American Muslim community. "2012 Courage Award'' its award is for courage in the face of adversity.The Islamic Society of Joplin, which was destroyed by a suspicious fire in the same month, after an unsuccessful arson attempt in July that was caught on a surveillance camera would receive "2012 Courage Award."

September 25, 2012

U.S. Visa Fee Hike: India May Move WTO by Oct End

New Delhi:The US had raised visa fee in 2010 to fund its enhanced costs on securing border with Mexico under the Border Security Act. India has been protesting against the measure at different forums. India is expected to soon seek consultations with the US under the aegis of World Trade Organisation (WTO) on visa fee hike for professionals, which discriminates against Indian software companies that send employees to America on short-term contracts.Although the commerce ministry had internally started the process in April, collecting all the relevant information and data to make a strong case in the WTO is taking time. An American law (Emergency Border Security Supplemental Appropriations Act, 2010) has substantially increased the fees for H-1B and L-1 categories of visas for applicants that employ more than 50 employees in the US or have more than 50 per cent of their employees admitted on non-immigrant visas (called the “50/50 rule”). Some of the top Indian companies -TCS, Infosys, Wipro and Mahindra Satyam - were affected by the US action on visa fee.As per the procedure of WTO, consultation is the first stage of a complaint filed with the global trade body.Consultations give the parties an opportunity to discuss the matter and to find a satisfactory solution without proceeding further. After 60 days, if consultations fail to resolve the dispute, the complainant may request adjudication by a panel.

China 'Dream Destination' For High-Flying Jobs

Beijing: China is drawing talents from around the world and is becoming a dream destination for high-flying executives.As globalization deepens, China is adopting more attractive policies toward getting talent from around the world.China hopes to build itself into a land where foreign professionals can fulfill their dreams and obtain a sense of
security.This is going hand-in-hand with better workplace facilities and more convenient visa rules.China's ability to lure the world's top talent is rising.

September 24, 2012

Hiring to Pick Up in Smaller Cities in Second Half Of 2012

New Delhi: According to the survey by recruitment tendering platform MyHiringClub.com, hiring activities are expected to grow by five percentage points to 29 per cent in Tier-II cities such as Pune and Hyderabad during the July-December period of 2012 compared to the the preceding six months of the year. A positive trend in recruitment is expected in smaller towns and mini-metros during the second half of 2012 on the back of increased hiring activities in sectors such as retail and technology.In addition, 4 percentage growth to 23 per cent in recruitment activities may be witnessed in Tier-III cities like Jaipur, Ghaziabad and Kochi during the six months compared to January-June period of the 2012.Tier-II and Tier-III cities seem to be gaining ground compared to the metros as companies continue to look at them as cost-effective destinations. IT and IT enabled space, technology, retail, banking and financial services would see maximum hiring from smaller cities during the period under review. In terms of sectoral analysis, the IT and IT enabled space is expected to account 26 per cent of total hiring from tier-II and III cities followed by retail (24 per cent), banking and financial services (24 per cent).Among cities, Pune and Ahmedabad would contribute maximum hiring opportunities in second half of 2012 followed by Chandigarh, Jaipur and Lucknow.

72 Percent Global Companies Find it Hard to Attract Talent

New York: In a survey of 1,605 companies worldwide, including 278 in the United States, 72 percent companies said they have a hard time attracting workers who have the required critical skills to fill their job openings. At least 72 percent companies worldwide have admitted that finding skilled workers is a major problem.Companies also face a challenge in attracting high potential and top-performing workers, the survey led by WorldatWork, an association of human resources professionals found.Sixty percent of employers said that they had problems attracting high potential employees while 59 percent said they had problems attracting top-performing employees.Attracting skilled workers is not the only challenge but companies are also facing problems retaining their employees.More than half of the respondents from companies around the world said that retaining workers was a challenge for their business. Almost 62 percent of global companies said they were able to effectively link salary increases to individual performance and 65 percent of global firms said they effectively linked bonus payment to individual performance. Stress appears to be a large factor in preventing employers from retaining their employees. Forty-eight percent of workers said that they experience excessive pressures at their job while 53 percent of workers said that they worked more hours than usual over the past three years.Employers admitted that they struggled in some areas that have the potential to keep workers happy.

September 22, 2012

National Policy on IT to Create 10 Million Jobs By 2020

New Delhi: A statement from the communications and IT ministry said the policy attempts also to leverage India's global edge in information and communication technology (ICT) to advance national competitiveness in other sectors, particularly those of strategic and economic importance. The National Policy on Information Technology 2012, which envisages the growth of the IT market to $300 billion and creation of another 10 million jobs by 2020, has been approved by the union cabinet. The thrust areas of the policy includes encouraging adoption of ICTs in key sectors to improve their competitiveness and productivity besides providing fiscal benefits to small and medium enterprises and start-ups for adoption of IT in value creation. It envisages creating a pool of 10 million additional skilled manpower in ICT and make at least one individual in every household e-literate.The policy will enhance transparency, accountability, efficiency, reliability and decentralization in government and in particular, in delivery of public services.

September 21, 2012

Google Emerges as World's Most Attractive Employer: Survey
New Delhi: Google continues to be a hot favourite for career seekers as the company has emerged as the world's most attractive employer, for the fourth consecutive year, says a survey. "The Google fever is still hot! Students are attracted by Google's relaxed and creative work environment, international atmosphere and innovative products. Google offers great benefits and opportunities that are hard for other companies to match," Universum's CEO Petter Nylander said in a statement. The index which is based on the preferences of over 144,000 career seekers, with a business or engineering background from the world's 12 greatest economies is split into two categories business and engineering. The giants in the software industry are seen as great places for the launch of an engineering or IT career. They offer training, networking and future career possibilities. Moreover, they are global.

September 20, 2012

FBI Asked to Track Anti-Sikh Hate Crimes

Washington:The FBI's Advisory Policy Board will be asked to look into expansion of current hate crime reporting categories to include hate crimes motivated by anti-Sikh bias. Federal Bureau of Investigation (FBI) panel will look into demands to track hate crimes against Sikhs motivated by religious bias in the wake of the Aug 5 shooting at a
Wisconsin gurdwara.The official made the announcement as Harpreet Singh Saini, whose mother was one of six killed by a white supremacist in the attack on the Oak Creek temple in August, and several other witnesses asked the panel to urge the FBI to track hate crimes against Sikhs. Michael A. Clancy, a counterterrorism official at the FBI, testified that while the agency was aware that the Wisconsin shooter Wade Michael Page was a white supremacist, the FBI "never had any information that he posed a threat to any group, particularly the Sikhs." As many as 81 members of Congress have also introduced a resolution asking the FBI to track anti-Sikh hate crimes.

Five Indian Americans in Forbes Rich List

Bangalore: Vinod Khosla, a business enterprise entrepreneur and influential personality in Silicon Valley, comes fifth in Forbes list with a net worth of $1.4 billion.Khosla, who was one among the co-founders of Sun Microsystems worked as its first CEO and Chairman and later on he got into a venture capital firm, Kleiner Perkins Caufield and Byers as a general partner. He came up with his own firm Khosla Ventures in the year 2004 and is currently heading it.Forbes also regards him as the rare Silicon Valley venture capitalist who has the potential to produce profits from a clean tech portfolio. Manoj Bhargava is the founder and CEO of 5-hour Energy, a 2-ounce energy shot. He has a net worth of $1.5 billion.Bharagava’s brand ‘5-hour ENERGY’, a flavoured energy drink, under his company ‘Living Essential’ is ruling the market of energy shots with profits that accounts to billions of dollars. Bhargava’s stake in the company is estimated to be more than $3 billion and it took just 8 years for Bhargava to take his company and brand towards success and conquer the market with nearly 90 percent shares. Ram Shriram, a board member of Google who runs his own investment firm, Sherpalo Ventures is the third ranked Indian American on the list. He made it to this position with a net worth of $1.6 billion. Romesh Wadwani, chairman and CEO of Symphony Technology Group, a Silicon Valley-based private equity firm emerged as the second richestIndian American on the list, with a net worth of $1.9 billion.Wadhwani, who is the founder of Symphony Technology Group, has been successful in raising the revenue of the company. Bharat Desai, who is the co-founder and Chairman of Syntel, an outsourcing company headquartered in Michigan, made it to the first position with a net worth of $2 billion.

September 19, 2012

MindTree Collaborates With Aspiring Minds to Locate Top Quality Talent Nationally

Bangalore: MindTree, a global IT Services and Product Engineering Services Company is upbeat about talent beyond a select few colleges, and will use an adaptive assessment tool from Aspiring Minds—AMCAT to standardize their hiring procedure. This hiring initiative is in partnership with Aspiring Minds, an employability solutions firm, has begun in September, 2012. Using standardized assessment tool AMCAT—India’s Largest Employability Test—candidates will be assessed on language, aptitude and functional skills. Post the assessment, the shortlisted candidates will be interviewed and once selected, will be offered appropriate roles within MindTree. AMCAT from Aspiring Minds is a suite of adaptive language, aptitude and domain evaluations tool. The tool uses nationally benchmarked and standardized assessment modules ensure reliable evaluation and strong differentiation between trainable and unemployable talent. AMCAT has been leveraged successfully across the IT arena to hire fresh talent for software engineering, software testing, IT infrastructure management and for a variety of lateral roles.

September 17, 2012

Labour Ministers to Attend Conference in Capital on Sept 27

New Delhi : State labour ministers will meet here on September 27 at a conference to discuss ways to ensure industrial harmony and labour law implementation in the backdrop of the unrest in some industrial units including Maruti's Manesar plant.The conference will seek to carry forward deliberations on industrial harmony especially as the Labour Ministry has appealed for maintaining continuous dialogue between employers and workers union with emphasis on zero violence at any cost.In earlier meetings, representatives of workers and employers organisations have expressed views on maintaining industrial peace, harmony and worker-related issues like payment of minimum wages but the achievement has been far from satisfactory.The conference can also suggest ways for reducing inter-state disparity in minimum wages as the disparities have not been solved despite efforts.

Skilled-labour Crunch to Treble by '20, Warn Experts

Mumbai: Currently, the construction industry is facing a huge manpower shortage, especially those with skill-sets, to sustain growth in infrastructure and real estate sectors. Severe crunch of skilled manpower in construction industry, expected to triple in the next decade from the present 30 percent, will negatively impact the overall productivity of the sector.The construction process is highly dependent on the manual work and hence labour component is critical. Labour shortage causes delays in projects and raises the input costs leading to cost over-runs.Labour cost, accounting for nearly 15 percent of the total input, has increased by 30-40 pc since the past one year as availability of skilled workers is constrained.When there is a delay in project due to labour issues, other costs also move up leading to higher costs overall.Rising cost of cement, bricks and steel among others has already taken a toll on the performance of construction sector. Further, labour shortage leads to an average delay of 6-12 months across most projects thus affecting bottomlines of developers. According to a survey, real estate, construction and infrastructure sectors employ around 50 million, out of which only 2 million are professionally qualified, while the remaining chunk comprises unskilled and semi-skilled workers. Over the years, growth of unskilled construction labourers has risen significantly from nearly 10.67 million in 1995 to around 25.60 million by 2005, depicting a CAGR of almost 9.15 percent.

September 15, 2012

Sunita Williams Takes Over Command at International Space Station

Houston: Sunita Williams Indian-American astronaut has taken over the command of the International Space Station, becoming the second woman in history to do so, even as a three-member crew of the Expedition 32 returned safely to arth, wrapping up a mission lasting more than four months. The three-man crew onboard a Russian-made Soyuz capsule touched down successfully in central Kazakhstan steppe after spending 123 days at the Space Station. Just after the Soyuz spacecraft separated from the space station , NASA astronaut Sunita Williams took over command of Expedition 33 at the station from Commander Gennady Padalka, becoming the second woman in history to do so. Williams will be sharing the Space Station with veteran Russia cosmonaut Yuri Malenchenko and Japanese astronaut Akihiko Hoshide until mid-October, when three more astronauts, including NASA astronaut Kevin Ford, will arrive and round out the full crew of Expedition 33. Flight Engineer Joe Acaba of NASA, Padalka and Flight Engineer Sergei Revin of the Russian Federal Space Agency, landed north of Arkalyk, Kazakhstan.They arrived at the station on May 17 and spent 125 days in space, 123 of which were aboard the orbiting laboratory. The trio are expected to have a difficult time readjusting to life on earth, especially Revin and Acaba, who are coming off their first long-term stay aboard the orbiting international space lab.Acaba, Padalka and Revin orbited earth 2,000 times and traveled 52,906,428 miles. Padalka now ranks fourth for the most days spent in space, a total of 711 days during four flights.

September 12, 2012

Canada Honours Indian-Origin Journalist

Ottawa : Sultan Jessa Indian-origin journalist has been presented with the Queen Elizabeth diamond jubilee medal by Canada's Governor-General David Johnston at a special ceremony here in recognition of his remarkable service.The retired, Tanzania-born journalist has scored a hat trick to mark Queen Elizabeth's accession to the British throne. He was presented with the Queen's silver jubilee medal in 1977 and the golden jubilee medal in 2002.The medal, specially created to mark the 60th anniversary of Queen Elizabeth II, was presented Monday to Canadians for their significant achievement and remarkable service. Born in Moshi on the slopes of Mt. Kilimanjaro, Tanzania, the former editor and publisher of Northern News in Arusha, at one time worked for The Nationalist and Standard in Dar es Salaam before moving to Nairobi to work for the Daily and Sunday Nation. Jessa, who lives in Quebec, is married to Rosila and the couple has two daughters, Anaar and Yasmin.Jessa has won Ontario's medal for volunteerism, good citizenship and has been recognized by the Royal Canadian Mounted Police, the Royal Canadian Legion as well as Red Cross.Need To Keep Working on Parts of Indo-U.S. Nuclear Deal: Nancy Powell Mumbai : U.S. ambassador to India Nancy Powell hoped Americans would be able to compete on a level playing field for creation of nuclear energy projects in India , noting that there is a need to keep working on parts of the Indo-U.S. civilian nuclear deal, U.S. "The part for the Americans that we need to keep, I would say there are two parts we need to keep working on. Our hope was that India would join many of the international agreements that were on trade and nuclear technology and products. That hasn't happened yet. It is in process. It is moving a little more slowly than we hoped but it is a part of what we would have hoped would come out of the civilian nuclear deal." Powell said these are "some very technical agreements that we hope can conclude in the next few months over the nuclear regulatory people that are here in Mumbai and in this area." "The other piece is the hope that Americans would be able to compete on a level playing field for creation of nuclear energy in projects in India. And there are some things that I still think are in the way, they are roadblocks. They are not great big skyscraper tall walls but they are (still) roadblocks. And we would like to get them down, at least the speed bumps initially and then get the surface flattened out," she said.

September 14, 2012

KPIT Cummins Appoints Toshimi Yamanoi As Vice President

Pune : KPIT Cummins, a global product engineering and IT consulting partner to automotive & transportation, manufacturing and energy & utility companies, today announced the appointment of Mr. Toshimi Yamanoi as Vice President - Automotive Technology. Based in Tokyo, Japan, Mr. Yamanoi will focus on strengthening and streamlining KPIT Cummins’ offerings for automotive Original Equipment Manufacturers (OEMs).Mr. Yamanoi brings in more than 30 years of experience in the automotive industry and has vehicle safety technology as his core area of expertise. He is well known in the industry for his contribution in developing projects such as occupant protection systems, pedestrian
protection test method and frontal & side crash test methods. He serves as the Chairman of the Vehicle Safety committee of JAMA (Japanese Auto Manufacturers' Association) and has been awarded the Special Safety Award by the National Highway Traffic Safety Administration (NHTSA) in U.S. DOT (Department of Transportation) at the Enhanced Safety Vehicle Conference in Japan. He joins KPIT Cummins from Nissan, where he was the General Manager, Technical Planning Department at the Nissan Technology Development Division.

September 13, 2012

Intel's Former India-Born MD Rajiv Goel To Be Sentenced Next Week

NEW YORK: Rajiv Goel Intel Corp's former India-born managing director who had pleaded guilty to passing confidential information about the firm to now-jailed hedge fund founder Raj Rajaratnam, will be sentenced next week on insider trading charges and could face 25 years in prison.Goel, 54, was arrested with Rajaratnam in October 2009 and had pleaded guilty in 2010 to conspiracy and securities fraud.He is scheduled to be sentenced on September 21 before Judge Barbara Jones in Manhattan federal court. Federal prosecutors have recommended to the Manhattan Court that Goel be shown leniency at his sentencing since he had provided "substantial assistance" as a key government witness in Rajaratnam's insider trading trial that helped convict the hedge fund founder. Goel had served as managing director in Intel's treasury department and had provided confidential information to Rajaratnam about the company's earnings and a billion dollar transaction in 2008. Mumbai-born Goel had met Rajaratnam in 1983 at the Wharton Business School. Goel is one of three main government witnesses who had agreed to cooperate with the government and had testified against the Sri Lankan billionaire in his trial last year.Among them, Goldman Sach's former director Rajat Gupta is the most high profile Indian-American to be convicted on insider trading charges and will be sentenced on October 17.The other government witness India-born former McKinsey executive Anil Kumar was spared jail time and was sentenced in July to only two years' probation for his cooperation in Rajaratnam's and his mentor at Mckinsey Rajat Gupta's trial.

Hilary Clinton Signs up Indian-American Chef to Aid Diplomatic Ties

Bangalore :Vikram Sunderam, an Indian-American chef has been elected by US secretary of state, Hillary Clinton to work on "the oldest diplomatic tool" of cooking, as a measure to improve the foreign relations of the country.Sunderam has been appointed as the State Chef as part of the US State Department's Diplomatic Culinary Partnership initiative.
The report also adds that the Diplomatic Culinary Partnership aims to "elevate the role of culinary engagement in America's formal and public diplomacy efforts". The chefs will have to prepare meals for visiting dignitaries and their duty also includes travelling to US embassies in other countries so as to educate foreign audiences.

September 11, 2012

IT Companies To Be Slow In Hiring This Year

Bangalore: The Biggest campuses in the State of Tamil Nadu, namely VIT University and SASTRA University have shown that economic slowdown have affected the hiring process. You can see a significant reduction in the number of hired candidates this year by the top IT companies in the country as well as only few companies are visiting the Universities and colleges to campus recruitments this time. The process of recruitment across different parts of the nation has begun this month. The colleges across the Country will be experiencing a dip in hiring process as the IT Firms have become slow in hiring process this year. As per VIT University’s placement data, it has reported that among all its 3,603 students, everyone has landed a job. Accenture has offered the highest number of job opportunity to the students of this University by hiring the maximum of 1,492 job opportunities and it is followed by another Tech company Wipro as it has offered around 1,308 job opportunities for the students from this University .But the important thing to be noted here is that, all the companies have retained almost the same pay packages just like last year with just few differences. Accenture last yer had paid the same pay package of 3 Lakh for both undergraduate and postgraduate engineers. This year there is a slight enhancement in that pay package as it has offered 3.34 Lakh for undergraduate students and post graduate engineers are offered 3.6 Lakh in a annual basis. But Wipro and Cognizant have retained the same pay package just like last year.

Hinduja Global to Hire 4,000 Persons This Year

New Delhi: The BPO arm of the diversified Hinduja Group, Hinduja Global Solutions plans to hire about 3,000-4,000 people in the current fiscal."Hiring has been good. We added about 4,000 people last year. I would say the trend may be the same this year too... about 3,000-4,000," company's Chief Executive Officer Paratha De Sarkar.He added that the slowdown has not impacted the BPO sector and Hinduja Global Services (HGS) has seen a good growth in clients. "About 10-12 clients were added in the last six months."The company, which sees the global economic slowdown opening up more opportunities for the sector, also plans to open new centres in Canada and London. The company, which recently has set up a centre in Jamaica, will also be opening new centres in Canada and a centre two hours from London.HGS also inaugurated a center in Bangalore and has taken up another SEZ in Bangalore, he said."Jamaica center initially will have a capacity of 100-150 people...eventually it will have a capacity of 500 people. Centres at London and Canada will capacity of about 300 each while the Bangalore centre's is 700, he added. "The SEZ, which will probably open up by the end of the year, will provide employment to about 500 persons," Sarkar said. Stating that India still retains its cost effective advantage, Sarkar said the industry is not seeing stagnation in growth. "What we are seeing is a fair amount of consolidation happening and that is bound to happen as there are too many players in the market place. So, what we'll be left with is a few big players." "There isn't any size when we are looking at a new market or an acquisition ... this (for filling service gaps) could be anywhere between $ 10-25 million," he added.

September 10, 2012

Indian-American elected to Royal Society of Canada

Washington: Indian American Ponisseril Somasundaran member of the faculty of Columbia University School of Engineering and Applied Science, has been chosen as the sole foreign fellow of the prestigious Royal Society of Canada. "Somasundaran is recognized for his ground-breaking contributions towards unraveling complex nano-scale structures and energetics of surfactant self-assemblies and polymer-surfactant hybrids at interfaces," according to the citation announcing his election. The only one from outside Canada to be elected this year, Somasundaran, who has been at Columbia since 1970 will be inducted in a ceremony on Nov 17 at the Ottawa Convention Centre in Ottawa with 70 other fellows. Founded in 1882, the Royal Society of Canada (RSC) comprises the Academies of Arts, Humanities and Sciences of Canada. Election to its academies is considered one of the highest honours a scholar can achieve in the Arts, Humanities and Sciences.Somasundaran is currently Director of the National Science Foundation Centre for Advanced Studies in Novel Surfactants and Langmuir Centre for Colloids and Interfaces.Somasundaran was named La von Duddleson Krumb Professor in 1983 and was the chairman of the Henry Krumb School from 1988 to 1992 and of the Department of Chemical Engineering, Material Science and Mining from 1992 to 1997.Elected a Fellow of the American Institute of Chemical Engineers in 2009, he was awarded Padma Shri civilian honour by the Indian Government in 2010.

California Law Bars Discrimination Against Sikhs, Muslims

Washington:California Governor Jerry Brown has signed two bills aimed at battling workplace discrimination against Sikhs and Muslim by shunting workers wearing turbans, beards and hijabs to backroom jobs out of public view."This bill, AB 1964, makes it very clear that wearing any type of religious clothing or hairstyle, particularly such as Sikhs do, that
that is protected by law and nobody can discriminate against you because of that," Brown told an enthusiastic crowd of 500 Sikhs . Brown also signed Senate Bill 1540, sponsored by Democrat Loni Hancock changing how history and social sciences are taught in schools so that students learn about the history, tradition and theology of California Sikhs. The Workplace Religious Freedom Act, Assembly Bill 1964 by Democrat Mariko Yamada, ensures that employees receive equal protection under law, protecting workers who wear turbans, hijabs and yarmulkes. In California, employers faced over 500 cases of religious discrimination in 2011. Brown himself declined to wear a turban, saying, "I've worked hard to
get my head cleared," but honoured the thousands of Sikhs who have given their lives in a long history of struggle for religious freedom both in India and the United States, the Bee said. Calling it "a historic win for civil rights," Sikh Coalition said "This achievement ranks among the most far-reaching victories in the Sikh Coalition's history. It will protect the civil rights of millions of Americans." "Both bills represent landmark achievements that will increase protections for all religious observers in the workplace and expand awareness of the 100-year history of Sikhs in California," said Balbir
Dhillon, president of the Sacramento Sikh Temple.

September 06, 2012

Indian American Actor Kal Penn to Host Obama Nomination Meet

Washington: Kal Pen an Indian American actor will have a starring role, hosting primetime coverage at the Democratic National Convention Thursday when President Barack Obama accepts the party's nomination for a second White House run.The invitation to the former White House staffer, born Kalpesh Suresh Modi, to host the coverage went from Obama personally going by a new video released by the Obama campaign in which the president implores the actor to take his job seriously. The video shows the president making a phone call to someone to remind him of the stakes of his hosting duties Thursday night, when Obama is scheduled to deliver his acceptance speech at the convention in Charlotte, North Carolina. Penn joined the Obama administration in 2009 as associate director in the White House Office of Public Engagement. He left briefly in 2010 to film "A Very Harold & Kumar 3D Christmas". According to the Obama campaign, the Penn-hosted webcast will include interviews with a number of "special guests" - including Marc Anthony, Elizabeth Banks, Aisha Tyler, Olivia Wilde, Fran Drescher, Zach Braff and Alexis Bledel.

Indian-American Doctors to Hold Global Healthcare Summit in Kochi

Charlotte: “AAPI USA has been actively engaged in harnessing the power of Indian Diaspora.The Association of American Physicians of Indian Origin (AAPI) has announced to hold the Indo-US Global Health Summit in Kochi next year, which is aimed at advancing the accessibility, affordability and the quality of world-class healthcare. “In our efforts to realise these goals, we have successfully gained the support of several leading healthcare experts and professional
physician associations to collaborate on this ground breaking international healthcare summit, designed to bring the best, most efficient and cost effective healthcare solutions to the people of India,” Dr. Narendra Kumar, AAPI president said in a statement. The Minister of Overseas Indian Affairs, Vayalar Ravi; Minister of Health and Family Welfare, Ghulam Nabi Azad, Chief Minister of Kerala, Oommen Chandy, and Advisor to the Prime Minister of India, T.K.A Nair,
are are among the scheduled speakers. Being held in association with the Indian Government, the Indo-US Global Health Summit 2013 will include high priority areas like cardiology, maternal and child health, diabetes, oncology, surgery,
mental health, immunology and lung health, HIT, allergy and the impact of comorbidities, said Dr Jayesh Shah, president-elect of AAPI. Over 1,000 doctors from the US are expected to attend the meet.The first Indo-US Healthcare Summit was launched by AAPI in 2006.

September 05, 2012

Smita Shah, First Indian-American to Serve as DNC Parliamentarian

Charlotte: Smita Shah a close supporter of U.S. President Barack Obama, is vice-chair of the Chicago Plan Commission. Chicagoan Smita Shah has become the first Indian-American to serve as a Democratic National Convention parliamentarian.She heads Spaan Tech, which The Chicago Tribune in 2011 described as a politically connected information and management technology firm that has four contracts with the city potentially worth several million dollars.A licensed Professional Engineer, Shah founded Spaan Tech in 1998 and has pioneered its growth
into a multi-million dollar Engineering, Construction Management, and Programme Management firm with special expertise in infrastructure projects including: roads, highways, airports, and buildings. In 2008, the firm was recognised as one of the fastest growing companies by Inc. Magazine. In 2011, she was given the National Community Leader Award from the American Council of Engineering Companies (ACEC) where she serves as an active member both locally and nationally. Smita Shah, according to publicly available documents, has been a major donor for the Obama Campaign and the Democratic Party.She has donated more than $70,000 to the Obama Victory Fund 2012 and another equal amount to the Democratic party.In recognition of her work on behalf of the Indian-American community, she received the 2007 Ellis.
Island Medal of honor — an award sponsored by the National Ethnic Coalition Organisation, honouring those “who changed the fabric of America’’.She serves in leadership roles in several Indian American community organisations, both in Chicago and nationally.

Indian Neurosurgeon Appointed as White House Fellow by Obama

North Carolina : Anand Veeravagu, Indian-American neurosurgeon from California has been appointed by U.S. President Barack Obama as one among the 15 White House Fellows.Veeravagu, a neurosurgeon in training at Stanford University, most recently served as Chief Neurosurgery Resident at the Palo Alto Veterans Affairs Hospital caring for soldiers returning from Afghanistan with traumatic brain and spinal cord injuries. The White House Fellows Programme was created in 1964 by President Lyndon B Johnson to give promising American leaders 'first hand, high-level experience with the workings of the Federal government, and to increase their sense of participation in national affairs'. Selection as a White House Fellow is highly competitive and based on a record of professional achievement, evidence of leadership potential, and a proven commitment to public service. Anand has been accepted to the Stanford GSB MBA programme, received his M.D. from Stanford University and graduated with honors from Johns Hopkins University with a B.S. in Biomedical EThe 2012-2013 Class of White House Fellows come from diverse backgrounds, varied professions,
and have all shown a strong commitment to public service and leadership, the White House said in a statementngineering and minor in Multicultural and Regional Studies.

September 04, 2012

Indian-Americans Awarded for Enhancing Indo-U.S. Ties

Houston: Nine Indian-Americans were awarded by the Indo-American Chamber of Commerce of Greater Houston (IACCGH) for their contributions towards enhancing the mutual relationship between India and the United States. RK Chopra was awarded International Business Advocate of the Year. Woman entrepreneur of the year award was presented to Vijay Dhingra and Pushpa Shenoy. The other awardees include Harminder Chana for community service, Charlie Yalamanchili and Amit Bhandari for Entrepreneur of the year.The 2012 Excellence Award, was presented to Suresh Khator for International Educator of the year at the 2012 Annual Gala and Awards Banquet.Khator, is Professor at the Cullen College of Engineering and Associate Dean of Graduate and International Programs. He has been involved in collaboration with universities around the world.The IACCGH Annual Awards were presented by the gala chief guest Ambassador Arun Singh, Deputy Chief of Mission in the Indian Embassy in Washington and keynote speaker Jim Compton, United Airlines, executive-VP and chief revenue officer.A special plaque for dedicated volunteer was given to Manish Jain.

NRI's to Sponsor a Chair on 'World Religions' in Punjab University

Bangalore: Punjab University will have a chair on world religions, sponsored by NRI’s. This major step was taken after an incident which occurred on August 5th, where six persons were killed and three were brutally injured when a gunman opened fire in the Sikh Shrine on a Sunday. After witnessing this incident of crime, 147 NRI bodies across the globe have brought notice to the IOC. The IOC further wrote to Shivraj Patil, governer of Punjab to set up a chair in order to take necessary action. Vikram Bajwa, president of IOC says US attacks were racial and targeted a particular community, we strongly condemn it. NRIs across the world have felt that there is a need to disseminate correct knowledge about Indian religions through some reliable channel. We have chosen PU to set up this chair after evaluating its past history of achievements We have urged the governor to intervene in this matter. This chair on world religions would be sponsored by NRIs. We have proposed an aid of Rs 20 lakh for the chair," he added. NRI organizations have already offered Rs 11 lakh as initial contribution and have promised Rs 9 lakh for the upcoming activities. This chair will impart education and spread awareness on different religions like Hinduism, Sikhism and Islam to the media and everyone around the world.
When the worshippers were shot at a Sikh Shrine in Oak Creek in Wincosin, U.S President, Barack Obama ordered that the country’s flag should be flown at half staff in all the government buildings, to express unanimity.

September 03, 2012

Obama Names IIT Bombay Graduate to Key Post

Washington: Romesh Wadhwani, an Indian American founder of several software and IT companies, on board of trustees of the John F. Kennedy Centre for the Performing Arts has been appointed by Barack Obama.Announcing his intent to appoint Wadhwani and nine other general trustees of the centre, Obama said, "These dedicated men and women bring a wealth of experience and talent to their new roles and I am proud to have them serve in this Administration."Set up in 1971 as a living memorial to former President John F. Kennedy, the centre is the busiest performing arts facility in the United States and annually hosts approximately 2,000 performances for audiences totaling nearly two million. According to a White House announcement Wadhwani, who received a BA from the Indian Institute of Technology in Bombay and an MS and Ph.D. from Carnegie-Mellon University, is the founder, Chairman, and CEO of Symphony Technology Group.Previously, Wadhwani was the founder, Chairman, and CEO of several software and IT companies, including Aspect Development, Inc. He is actively involved in Kennedy Centre initiatives, having served as Co-Chair of the Maximum India Festival in 2011 and as a supporter of the 2010 Honours Gala.He is the founder and Chairperson of the
Wadhwani Foundation, and serves on the Board of Trustees of the Centre for Strategic and International Studies.

September 01, 2012

Sunita Williams Creates History with Second Longest Spacewalk

Moscow:NASA Flight Engineer Williams and Japan Aerospace Exploration Agency Flight Engineer Hoshide spent eight hours and 17 minutes in the outer space doing maintenance work on the ISS. Indian-American astronaut Sunita Williams and Japanese astronaut Akihiko Hoshide completed almost a record long spacewalk outside the International Space Station (ISS), reported NASA.Williams holds the record of the longest space flight (195 days) for a woman in 2006.It was the second spacewalk outside the ISS of the current station's Expedition 32. The previous spacewalk was completed Aug 20 by Russian cosmonauts Gennady Padalka and Yury Malenchenko.The longest spacewalk of 8 hours and 56 minutes was undertaken by U.S astronauts Susan Helms and James Voss in 2001. Williams and Hoshide, however, failed to fulfill their task of installing a new Main Bus Switching Unit (MBSU) on the International Space Station's s-zero truss as they had difficulties driving the bolts to secure the equipment.

August 31, 2012

Over Two Crore Vacancies to Be Filled in Government Organisations Soon

Chennai: V Narayanasamy, Minister of State for Personnel, Public Grievances and Pensions said there were over two crore vacancies across many government organisations ranging from the bank sector to the CBI. These vacancies were in different sectors and would be filled soon, he said, inaugurating the 'Question Bank Workshop on English Language and Comprehension' organised by the Staff Selection Commission's Southern Regional Office here. The Ministry was also taking steps to go for the trilingual model for conducting exams in the SSC. Apart from English and Hindi,it including a regional language in the question paper, so that the talent from rural areas in all states.Observing that over 55 percent of the total number of applications from candidates were made online, he said, "We are taking steps to slowly make it happen online. We are taking steps to put the key for answers for the exam on the website.The Ministry was also taking steps to go for the trilingual model for conducting exams in the SSC. "Apart from English and Hindi, we are also including a regional language in the question paper, so that we get talent from rural areas in all states." "We are encouraging regional languages. We want question papers in regional languages, for regional sentiments are involved... we allow some papers in IAS, IPS to be written in regional languages. So, why not we have it here. In principle, we have agreed. So, candidates from rural areas will also have an advantage," he said. Replying to a query, he said over one lakh vacancies would be filled through the SSC in the coming year.

August 30, 2102

Paul Ryan Accepts Republican Vice Presidential Nomination

Tampa: Paul Ryan Mitt Romney's running mate has accepted the Republican vice-presidential nomination, saying time is running out to solve America's fiscal problems, but they can do it if elected in November.''We will not duck the tough issues -- we will lead," Ryan, 42, said in his prime-time acceptance speech at the Republican National Convention.Ryan's speech is part of a Republican effort to portray Romney, a multimillionaire businessman and former
Massachusetts governor, as a champion of working-class Americans who struggle under the policies of President Barack Obama. Former Secretary of State Condoleezza Rice was another featured speaker at the convention that opened Wednesday with an invocation offered by Ishwar singh, a Sikh faith leader, who was specially invited as a gesture to the Sikh community in the aftermath of the Aug 5 Wisconsin gurdwara shooting. In other speeches , John McCain, the Republican presidential candidate defeated by Obama four years ago, took aim at what he called
diminishing American power and influence around the world. He accused Obama of abandoning freedom movements in Iran and Syria by not supporting protesters trying to overthrow oppressive regimes, saying "our president is not being true to our values."


As Hurricane Hits Home, Bobby Jindal Takes Charge

Washington:As Hurricane Isaac hit southeast Louisiana on the eve of the seventh anniversary of catastrophic Hurricane Katrina, the state's Indian-American Governor Bobby Jindal warned residents to prepare for the hard times ahead. "This is a serious storm. It's a slow-moving storm. It's important that our folks take it seriously," said Jindal, a rising Republican star, who skipped the party's national convention in Tampa Florida to deal with the situation at home. As tropical storm Isaac, now upgraded to category one hurricane, approached the Gulf Coast, Jindal also shot off a letter to President Barack Obama asking for more federal help, urging him to reimburse Louisiana for the full cost of its preparations.

August 29,2012

Indian American Grabs Attention at Republican Convention

Washington: Republican Party leader of Indian origin, Ranjit Ricky Gill, a 25-year-old grabbed attention of many with an impressive speech over a range of policy issues during party's on-going convention in Tampa.Addressing thousands of party colleagues amid applauds, Gill noted that people in U.S. were "suffering" due to faulty policies; Gill said the U.S. faces crippling unemployment and foreclosures, even the bankruptcy of Stockton, the largest city. The New York Times has put Gill in the category of a "Democratic toss up", which means that the seat is no longer safe for incumbent Jerry
McNerney and the Democratic Party risks the chance of losing the seat.The Indian-American has also received endorsement from top Republican Party leadership which include former Florida Governor Jeb Bush, and New Jersey and South Carolina Governors Chris Christie and Nicki Halley respectively.

IT Cos Face a Blow Due To Subcontracting and Denial of U.S. Visas

Bangalore:IT professionals in various IT companies have been denied visas and U.S. assignments due to higher costs and lower margins, further eroding their competitive advantage in a weak demand environment. As a result, these companies are forced to subcontract work to temporary consultants resulting in a large number of their engineers sitting idle without work. IT giants are forced to contract out work than ever before in the U.S. as it has made it difficult and costlier for the Indian software professionals to travel on work in the United States. The U.S. accounts for more than 70 billion dollars in software exports from India. The U.S. had made it difficult for the Indian companies to obtain visas to send their employees to work on projects assigned at the client locations. Under the regime of President Obama, visa fees have increased and so have the rejection rates of these visas.In mid-2010, when the U.S. had increased the fees for visas, Nasscom had estimated an additional cost burden on the IT companies in India to 250 million dollars.The approval of L1 visas has been very less. In 2011, approval for L1 visas were 28 percent lower, according to the National Foundation of American Policy. Visas approval on the other hand rose to 15 percent of applicants from other countries. More than 25,000 of Indians travel to U.S. every year for work purpose and the work permit is usually under the L1 visa category. In India, some software professionals see this as a discrimination against them.

August 21, 2012

Railways to Explore Out-of-turn Promotions for Olympic Winners

New Delhi: Railway Minister Mukul Roy asked the Railway Board to consider giving out-of-turn promotions to railway sportspersons who brought glory at the mega event congratualting wrestler Sushil Kumar and other sportspersons for winning medals at London Olympics. While Sushil Kumar, who won a silver medal in wrestling, was given a cash award of Rs 75 lakh, Joydeep Karmakar, who got fourth position in the final in shooting, Krishna Punia, who finished seventh in the final in discus throw, were given Rs 25 lakh cash award each. There were 12 sportspersons from the Railways in the 83-strong Indian continegent who participated in the London Olympics.Recognizing the commitment and contribution of coaches, the Railway Minister also announced an award of Rs 1 lakh each for Satpal, coach of Sushil Kumar, Sunny Thomas, coach of Joydeep Karmakar and Virender Punia, coach of Krishna Punia. "I have asked the Railway Board to explore possibilities of giving out-of-turn promotions to the railway sportspersons who have excelled at London Olympics 2012," Roy said while felicitating railway sportspersons for their performance in recent Olympics.

Highest Number of Jobs Created in Delhi-NCR: Assocham

New Delhi: Out of 2.7 lakh jobs generated during the two quarters (January-March 2012 and April-June 2012) in the country, the chamber said, over 64,500 jobs were created in the NCR only. The region was followed by Mumbai, Bangalore, Pune and Chennai. Further, Assocham said maximum employment was created in IT and ITeS sector. Over 11,000 jobs were generated in Delhi-NCR in the sector, followed by education, automobile and engineering. However, it said there has been a dip of over 20 per cent in the total job generation between Q1 of the current financial year and the Q4 of the previous year across India.This basically reinforces the picture that employers in India are turning very cautious in wake of the global economic slowdown.

August 20, 2012

Indian-American on Panel to Make Chicago Immigrant Friendly

Bangalore:Indian American Ami Gandhi public policy expert will be part of the Office of New Americans (ONA) Advisory Committee to make Chicago, the home town of Barack Obama, the "most immigrant friendly city in the world". The committee was constituted by the Mayor of Chicago, Rahm Emanuel. Gandhi has served as executive director of South Asian American Policy & Research Institute since 2011, an organization which aims to improve the lives of South Asian Americans in the Chicago area by means of research to formulate equitable and socially responsible public policy. The objectives of the committee include- proposing recommendations and strategies, presenting an overall idea to promote the economic vitality of Chicago and guarantee global competitiveness.

Michelle Obama to Meet Gurdwara Shooting Victims' Families

Washington: US first lady Michelle Obama will next week meet the families of the victims of the Wisconsin gurdwara shooting.The first lady is scheduled to travel to Milwaukee Aug 23 as part of the Obama administration's efforts to reach out to the Sikh community shattered by the Aug 5 shooting at the Oak Creek gurdwara, the White House has announced.A visit by the first lady will be reassuring and heartening and it will be powerful symbol of President Obama embracing the Sikhs at this serious juncture.

August 18, 2012

Career in Manufacturing Lures Indians: Survey

Mumbai: A new report ‘Engaging the Modern Manufacturing Workforce’ commissioned by Kronos and incorporated and conducted by IDC said India ranked the least amongst developing economies at 60 per cent when it came to government support, like policies and reforms, for the manufacturing industry. India has the maximum number of people across developing economies who prefer manufacturing as a career option despite the country being the least ranked when it comes to government support to the sector, a global survey has said. However, when asked how does the future of manufacturing look as a career option for the next generation, 92 percent Indians surveyed said it is a practical career option. Australia and China were ranked lowest with 74 percent and 70 percent respectively in considering manufacturing as a career option. The study included new primary research with 550 workforce management stakeholders across 11 countries, including Australia, Brazil, Canada, China, France, Germany, India, Mexico, Spain, United Kingdom and the U.S. The companies included in the research were from the manufacturing industry and included a diverse collection of both discrete and process manufacturers. Brazil was ranked at top in considering the need for modern infrastructure with 88 per cent, followed by India with 82 percent, the U.S. with 66 percent on agreeing about modern infrastructure’s importance. The survey also found that most Indian manufacturers think that absence from work can also impact productivity.


Fareed Zakaria Forgiven For Plagiarism; Suspension Revoked

Bangalore: Time magazine and CNN, both owned by Time Warner told that they came up with the decision to withdraw Zakaria’s suspension after examining his work.Time and CNN have decided to take back Fareed Zakaria, who was suspended previous week after he apologized for plagiarizing a paragraph from the New Yorker for his column in Time. We have completed a thorough review of each of Fareed Zakaria's columns for Time and we are entirely satisfied that the language in question in his recent column was an unintentional error and anisolated incident for which he has apologized," said Time's statement."Zakaria has apologized for a journalistic lapse," it added. "CNN and Zakaria will work together to strengthen further the procedures for his show and blog."

August 14, 20121

Google Invites Jodhpur Boy to California Headquarter

Jodhpur: Among 50 computer experts from across the globe by Google in its Mentor Summit to be held at its headquarter in California on October 20-21, this year a youth from the city has been chosen. The objective of this summit is to bring together the mentors of the Google Summer of Code 2012, which is a global programme that offers student
developers stipends to write code for various open source software projects. Aditya Maheshwari , from Jodhpur is not only one of the two Indians invited by Google for this summit but is the youngest among all the 50 participants. He has also been nominated as the Campus Ambassador of Gujarat for the Open Source Software Development by the IIT-Mumbai in 2011, under which, over 20 seminars have been conducted across the country for the students of Computer students.Since its inception in 2005, this programme has brought together nearly 5,500 successful student participants and over 3,000 mentors from over 100 countries worldwide, all for the love of code. Maheshwari, who will be presenting a paper on "How to attract youth for contribution in development cycle of open source world," has been chosen by the Google for playing an exemplary role as the on-line project guide on world level as a student mentor of Google Summer of Code 2012.

August 13, 2012

Fareed Zakaria Pays the Price for Plagiarism

Bangalore: Indian American journalist Fareed Zakaria , has been suspended after he apologized for plagiarizing sections of his column in the Aug 20 issue of Time.He is a prominent columnist and television host of Time magazine and CNN .His article "The Case for Gun Control" carried some passages similar to an article published in ‘The New Yorker’ by staff writer Jill Lepore, on guns in America. NewsBusters, a conservative Web site found out the resemblance and spread it across the Internet.

An Indian American Buys World's first Dalmore Constellation Collection for 1.4 crore

New Delhi: Indian American entrepreneur and property developer, Mahesh Patel,purchased the world's first Dalmore Constellation Collection (21 bottles) for INR 1.4 crore. He bought this to add to his already considerable collection estimated to be worth $2 million. This includes the Dalmore Trinitas, which was the first bottle of whisky to sell for a six figure sum in 2010. The sale of the collection comes on the back of the news that The Dalmore is the fastest growing malt whisky in the world amongst the top 25 global malt brands, as verified by the IWSR (International Wine & Spirits Research), and is rated the top investment whisky by independent authority Whisky Highland.

August 11, 2012

New Pension Scheme for Kerala Government Employees

Thiruvananthapuram: Chief Minister Oommen Chandy said, Kerala has replaced the statutory pension scheme with the contributory pension scheme for its new employees joining from next fiscal. He also added that this is going to be an additional burden for the state government.Despite the burden of providing pension to retired government employees, the government will have to provide for the contributory pension scheme also. Moreover this has been on the anvil for some time and it was discussed in the recently concluded assembly session.Numerous protests were sounded as soon as this new scheme was announced. Former finance minister and senior Communist Party of
India-Marxist (CPI-M) legislator Thomas Issac said that this announcement was made without any discussion with the stakeholders and the youths, who will be affected by the move.Starting next fiscal all new employees who join the rolls of the Kerala government will have to contribute a fixed sum every month and an equal or a scaled up amount would be put in by the state government. The youth organisation of the CPI-M condemned this new policy and pointed out that it appears the Chandy government has declared war on the aspirations of the youth through this scheme.

August 10, 2012

Harassment at Infosys: Ex-Employee Files Lawsuit

Bangalore: Satya Dev Tripuraneni, a US citizen and former employee of Infosys in the U.S., has filed a lawsuit in a federal court of the Northern District of California on August 2nd claiming harassment following his complaint against visa-fraud in the company. He said he informed about the misuse of B1 visas to the Infosys management, no action was taken; instead he was subjected to harassment. He was an account manager with the US branch of Infosys and has worked for the firm for five years.This recent case of visa fraud came as big blow to Infosys, India's second largest software services provide, as it is the second lawsuit the company is facing over visa-fraud.According to the lawsuit, Infosys also cheated its clients by billing them fraudulently for employees brought from India and they also took extra money from the clients for taxes.

I Never Thought of a Life in Politics: Nikki Haley

Delhi:Nikki Haley, the first Indian-American woman to occupy the top job in a US state, never talked of politics in their house while growing up and saw politicians as someone who often seemed to be busy promoting themselves is now the governor of South Carolina. Decades before their daughter surprised the nation by becoming governor of South Carolina, Haley's parents Ajit and Raj Randhawa from Punjab had a dream. But despite their high social status, the well-educated and well-off Randhawas wanted more for their family and left behind all they had known and settled in Bamberg, South Carolina in the early 1970s.The family struggled to make ends meet while starting a clothing business in their living room, eventually growing it into a multimillion- dollar success. After graduating from college and entering the business world, Haley watched business owners like her parents battle government bureaucracy and overregulation.Her frustration inspired her to get into politics and run for the state legislature. That first campaign, against an entrenched incumbent, led to racial and religious slurs and threats but Haley, like her parents, refused to back down. She writes that her goal in public life is to "help people find their voices - to control their destinies rather than let others control them; to let people know that they deserve better at all levels of government". She won on a promise to fight for reform, lean budgets, and government accountability, which is exactly what she did- much to the dismay of South Carolina's old guard politicians.

August 09, 2012

Only One in Five MBA Grads Get a Job: Survey

Bangalore:Finding a job is not easy as joining in B-school. Many of the MBA grads are finding it difficult to land a job in the market today.Including IIMs, top 25 management institutes are not covered in the survey, which conducted in 29 Indian cities and among 2,264 candidates. Students are tested in verbal ability, quantitative ability and reasoning skills in this pre-recruitment survey and are reportedly obtained an average percent of 52.58 percent, 41.17 percent and 37.51 percent respectively.A similar survey had taken place in 2007 which exposed an employability index at 25 percent. In 2006- 2007, the B-schools in India were approximately 94,704 in number and
today, it has risen four times to 3.5 lakh colleges as of 2011-2012.Skills in deductive logic, data sufficiency, spatial
reasoning, and analytical reasoning are considered as the fundamentals of management decision and are the basics of reasoning test. The given result demands a closer evaluation on the teaching method.

Uninor Aims to Find Jobs for Laid Off Employees in 4 Circles

Kolkata:Telecom player Uninor is exploring the option whether other firms, including competitors, can absorb its retrenched employees following its plans to scale down operations in four circles.The company had earlier decided to scale down operations in four of its 13 circles.Scaling down operations in Tamil Nadu, Karnataka, Kerala and Odisha is likely to impact 2,000 jobs (that include 400 direct jobs).In India, rehabilitation for affected employees to this extent is not common.According to him, Uninor has already appointed an outsourcing agency to look into the matter.Brekke, however, declined to confirm whether Uninor will not bid for these circles when airwaves come up for auction.A help desk will also be set up within Uninor to facilitate the process.Uninor will also try to offer jobs to the affected employees in the circles it will operate.

August 08, 2012

U.S. University in Visa Fraud ; Fate of 450 Students, Mostly Indians, Uncertain

New York:
Jerry Wang, 34, the CEO of Sunnyvale California-based Herguan University and the University of East-West Medicine, has been charged in a San Jose District Court with a 15 count indictment on visa fraud including that he forged federal documents to allow foreign students to enter and stay in the US. A year after the Tri Valley university scam left several students from India high and dry, another American varsity with a significant Indian population, has run into trouble after its CEO was charged with visa fraud Federal agents raided the Herguan University in California and arrested Wang on Thursday. Wang faces a maximum penalty of up to 85 years in prison if convicted of all charges. He could also have to pay a fine of up to a million dollars.Wang's father and mother have also been named in the 10-page indictment, which alleges that between 2007 and 2011, they submitted false transfer letters and forged other visa documents required for non-immigrant students to the US Department of Homeland Security's Student and Exchange Visitor Programme (SEVP). The case could spell trouble for the about 450 students of Herguan, most of whom are from India. A photograph on the university's website shows some graduating students, half of whom are Indians. The university, however, wrote on its website that the charges against
Wang have not affected Herguan and that Wang has resigned from his post.The US Immigration and Customs Enforcement (ICE) said in a statement that in light of the allegations, Herguan and the University of East-West Medicine could lose authorisation to enroll foreign students.

30,000 Illegal Indian Immigrants to Benefit From U.S. Policy

Washington: US President Barack Obama's new policy to defer deportation of illegal immigrants for two years, at least 30,000 Indians would be among the 1.76 million undocumented illegal immigrants who would benefit from US President Barack Obama's new policy.Using Current Population Survey data from the US Census Bureau, Migration Policy Institute (MPI) estimates that as many as 1.76 million people, under the age of 31, could be at risk of being deported in the future or who are currently in removal proceedings could gain deferred action as a result of the Obama administration policy announced on June 15.The Deferred Action for Childhood Arrivals (DACA) initiative, which will decide applications on a case-by-case basis, will offer a two-year grant of reprieve from deportation as well as work authorisation to unauthorised immigrants who were under the age of 31 as of June 15, with certain conditions attached.

August 07, 2012

Indian Job Space Looks Bullish: Survey

New Delhi: According to the findings of the 12th Antal Global Snapshot, hiring levels across the globe witnessed a slowdown in the June quarter, while the Indian job space looks bullish. Job prospects for professionals and managers seem bright in the country as around 55 percent of firms have recruited staff in the June quarter and a similar percentage of people are looking to do so in future as well.The survey states that 55 percent of Indian companies have recruited staff at the moment, while 56 percent are looking to do so in the near future. Meanwhile, hiring levels across the globe are down with 51 percent of respondents recruiting at professional and managerial level in comparison to 55 percent in the last survey in April.Going forward, globally 49 percent companies intend to hire in the coming quarter. In terms of attrition, globally, the overall rate of attrition has dropped from 20 percent in April to 18 percent now and this is expected to fall again to just 16 percent over the next three months. In India, fashion sector saw 100 percent recruitment at the managerial and professional level this quarter followed by electronics, accountancy, mining and FMCG.The survey indicates that sectors like luxury goods, BPO, security services, fashion and agriculture are ranking highest currently in recruiting at the professional and managerial level. The sector with the least activity is animal health industry where only 30 per cent of companies are hiring.

Indian Firms Warming Up to Women Representation on Board: Survey

New Delhi: The number of Indian companies that have at least one woman on the board has witnessed a rise of 16 percent over the last six years, a survey shows. Women's presence in board rooms has increased to 46.5 percent in 2011 from 30.4 percent in 2005 -- registering a rise of 16 percent, according to a Credit Suisse research report.
In emerging Asia, barring Philippines, all the countries have witnessed a rise in womens' presence on boardroom.The survey further showed gender diversity is rewarded in the stock market with companies having female board representation outperforming those with no women on their boards in terms of share price performance over the last six years. In 2011, 80 percent of companies in Thailand had at least one woman on the board, followed by China and India with 50 percent and 46.5 percent respectively.Till the end of 2011, all most all firms in New Zealand had women representation. In Australia, that percentage stood at 88.2 percent and for Hong Kong it was 51.6 per cent.The report, which analysed the performance of 2,360 companies globally over the last six years, said in case of large-cap stocks, whose market cap is greater than $10 billion, the companies with women board members outperformed those without women by as much as 26 percent.The study also said companies with women board members had the following four traits in common -- higher ROE ( return on equity), lower gearing, higher price/book value multiples and better average growth.

August 06, 2012

Indians' Hand in NASA's Most Ambitious Mission- 'Mars Curiosity Rover'

Bangalore: It is not just the U.S. who has reason to celebrate; there are some Indians involved in the mission who have played their part in the successful landing of ‘curiosity’ on Mars.Obama described the landing as “an unprecedented feat of technology that will stand as a point of national pride far into the future’’, in a statement. Curiosity rover' successfully landed on Mars , for a two year mission to find out whether life existed in Mars and it also aims to look for the basic ingredients necessary for life, such as carbon, nitrogen, phosphorous, sulphur and oxygen. Indians who were behind the save landing of Curosity are: Amitabh Ghosh, an IITian from Kharagpur was a key member of the team who identified the landing site for ‘curiosity’, the Gale crater location. Anita Sengupta is an aerospace engineer and a member of the entry, descent, and landing (EDL) sequence team of the project.Ravi Prakash is a NASA rock scientist at the Jet Propulsion Laboratory who has helped in the process of entry, descent, and landing of NASA’s rover ‘Curiosity’.

August 05, 2012

7 killed, 3 Critically Hurt in Shooting at U.S. Gurudwara

Washington:A gunman killed six people and left three others critically wounded in an attack on worshippers at a Sikh gurudwara (temple) in a Wisconsin suburb Sunday before being shot by a police officer. The officer, who was sent to the temple in the Milwaukee suburb of Oak Creek, Wisconsin, after a 911 call about 10.25 a.m., was wounded but "returned fire, and that shooter was put down", Bradley Wentlandt, the police chief in nearby Greenfield.Investigators, who picked through the building afterward, found four bodies inside the temple and two other victims outside, plus the gunman.The wounded officer, a 20-year veteran, was in surgery after being shot multiple times, but was expected to survive.Though early reports had suggested there may have been more than one attacker, but officers had not identified any other gunmen.As reports of the firing came in, the Indian Embassy got in touch with the National Security Council in Washington and deputed an official to visit the site to ascertain the situation on-the-spot.Members of the police SWAT team have begun removing the injured from the temple's prayer room.

August 4, 2012

Romney Ropes in Indian American to Reach to Asia Americans

Washington: Akshay Desai an Indian-American has been roped in by Republican presidential candidate Mitt Romney for his outreach to Asian American community ahead of the crucial November 6 US presidential elections.Florida-based Desai, CEO of Universal Healthcare, has been made one of the seven national co-chairs of the Asian Americans and Pacific Islanders for Romney community.Praising the community members for their contribution to the American society.

Indian American to Launch Child Health Project in Haryana

Bangalore: An Indian-American econometrician , Professor Alok Bhargava has decided to launch a child health project in the state of Haryana. The project aims to investigate the health status of new born babies, between the age group of 0-3 months.The project, which is intended to be completed in 18 months, will follow 1,500 children, at an interval of 6-month.Apart from this, details on child morbidity and anthropometric measures, and socioeconomic variables for households will be recorded.Children in the 0-3 month group will be visited every six months and issued paper or electronic vaccination cards and will receive the recommended vaccinations.The econometric analyses of the emerging longitudinal data will provide insights for improving physical growth of children; effects of improvements in maternal nutritional status will be investigated. Recent analyses of demographic surveys from India have found that children who were vaccinated against polio, DPT and measles had significantly higher heights and weights for their ages and also hemoglobin concentrations. Timing of vaccinations was important; children vaccinated against DPT at earlier ages experienced lower morbidity levels,added bhargava."Moreover, prevalence of low height-for-age and weight-for age typically doubles between birth and 12 months which is likely to be due to low quality of breast milk produced by under-nourished mothers," he said. Bhargava, professor at the University of Maryland School Of Public Policy in USA recently made a visit to India, to meet the Health officials of Haryana. He said that once the World Bank approves the fund for the project, the project will be launched.

August 2, 2102

Global Nomads' Forces Employers to Rethink Benefits Provision

New Delhi: According to Mercer's 2011/2012 Benefits Survey for Expatriates and Internationally Mobile Employees, which provides an overview of expatriate policies within large multinational companies, provision of expatriate benefits remains a key priority for multinational companies.The number of 'global nomads', employees who move from country to country on multiple assignments, has increased significantly over the last three years causing challenges for employers when it comes to providing expatriate benefits, says a survey. Around 85 percent of multinationals have implemented procedures to monitor success of expatriate benefit policy, while 53 percent of companies have seen international medical plan premium increases of 6 per cent or more.Employers are also facing challenges to provide expatriates with a broadly equitable system of healthcare whilst managing costs as the quality and standards of medical healthcare vary significantly from country to country.Nearly all (98 per cent) respondents currently provide private medical insurance for their globally mobile workforce compared to only 57 per cent in 2005.

Maruti Incident Could Hit Job Creation: Indian Staffing Federation

New Delhi: Maruti Suzuki has declared a lockout following violence on July 18, at its Manesar plant, in which a senior executive was burnt alive and 100 others were injured.The recent violence can have a long-term and unprecedented impact on job creation and employment in the country, says Indian Staffing Federation (ISF), an apex body of the temporary staffing industry in India. The incident should serve as an eye opener for the country as it indicates "an extreme situation of non-existent social dialogue that leads to situations of extreme mistrust which is behind such ghastly incidents", ISF which represents firms having over 3.5 lakh temporary staff on its rolls said.ISF further said the current challenging economic scenario has led more businesses to look towards temporary staff both in India and overseas.Pointing out the benefits of temporary staffing, ISF said interests of contract workers managed by professional staffing companies in the organised sector, are secured and in line with stipulated statutory regulations.Professional staffing service providers ensure that each employee is covered under minimum wages and in most cases are paid wages at par with the prevalent market range for the specific job.Moreover, they see to it that each employee is paid PF and has Employees State Insurance.

August 01, 2012

Indian economist Abhijit Banerjee on UN Panel on Post-2015 Agenda

United Nations: Abhijit Banerjee, Indian economist is among the 26 people who have been named by UN Secretary General Ban Ki-moon as members of a high-level panel to advise the world body on the global development agenda beyond 2015, the target date for the Millennium Development Goals (MDGs). Banerjee is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology. In 2003, he co-founded the Abdul Latif Jameel Poverty Action Lab.Banerjee is a former president of the Bureau for the Research in the Economic Analysis of Development. The panel will be co-chaired by Indonesian President Susilo Bambang Yudhoyono, President of Liberia Ellen Johnson Sirleaf and British Prime Minister David Cameron.Other members of the panel include President of Brazil's Institute for Applied Economic Research Vanessa Petrelli Correa, member of the Secretary- General's MDG Advocacy Group Yingfan Wang, Japan's former Prime Minister Naoto Kan, Queen Rania of Jordan, Chief Executive Officer of Unilever Paul Polman and Economic Adviser to Russian President Vladimir Putin, Elvira Nabiullina.The panel's work will be closely coordinated with that of the intergovernmental working group tasked to design Sustainable Development Goals, as agreed at the Rio+20 conference.

Indian American Muslim Council Condemns Assam Violence

Bangalore: The violence between Bodos (an ethnic and linguistic community) and Bengali-speaking Muslims claimed the lives of 58 people, as of 27 July. More than 400,000 people have been relocated from 400 villages and have taken shelter in 270 relief camps. Indian American Muslim Council (IAMC) condemned the violence in Bareilly (Uttar Pradesh) and areas of Assam and has requested the members of each community to respect life.IAMC has contacted the state administrations of Uttar Pradesh and Assam to take the essential steps to re-establish peace in the states and to extend a helping hand to homeless people and those who have been re-located.Indian American Muslim Council (IAMC) is an advocacy group which intends to safeguard the tolerant and pluralist philosophies of the nation.

July 31, 2012

Interim CEO Levinsohn bids Good-Bye to Yahoo!

Bangalore: After Scott Thompson’s departure, Ross Levinsohn, who took over as interim CEO of Yahoo! was considered to hold the position permanently. But Yahoo! appointed Marissa Mayer, to everyone’s surprise.Since Levinsohn’s departure is classified as termination without cause he will get a cash payment equal to his annual base salary, his target annual bonus and his stock awards and options. In the separation agreement signed by Marissa Mayer, it is written “I wish you good luck in your future endeavors.” Considering his strong executive background and the respect he has earned in the tech and media world, it will be interesting to see what those endeavors are.Not happy with this move, a Yahoo! executive said in an article, “That would have been the best-case scenario--Ross is great at running businesses and delivering value to shareholders and Marissa is a product visionary--together those two could have been a powerful combination”.

July 28, 2012

Employers Asked to Deposit EPF, ESI in Workers' Accounts

Chandigarh: Chief Secretary P K Chaudhery said, presiding over the review meeting of the action taken report on the demands of the Sarv Karamchari Sangh that it is the responsibility of the principal employer to ensure deposition of EPF and ESI contribution of the workers in their accounts.The Haryana Government directed all employers to ensure regular deposition of Employees' Provident Fund and Employees' State Insurance contribution of the workers in their accounts. It has been said that strict action will be taken against contractors through whom the employees were being hired for any anomalies in their audit for not depositing employees' contribution.The chief secretary assured that the possibility for providing risk insurance scheme to the sewer men would also be explored.On the demand of the employees for cashless medical facility in private hospitals, he said the directions had been given to all empanelled hospitals to provide treatment to the employees in the event of life threatening emergency without asking for depositing of cost of treatment in advance.On the demand of regularisation of contractual staff, the Chief Secretary assured that various aspects would be examined and thereafter decision would be taken in this regard.

Alcatel to Axe 5,000 Jobs, Exit Non-profitable Markets

Paris/New Delhi:Global telecom equipment maker Alcatel Lucent (ALU) announced series of measures to reduce its costs after it reported a net loss of Euro 254 million for the second quarter which ended on June 30, 2012.They
said it will reduce headcount by 5,000 globally and exit or restructure non-profitable markets to save Euro 1.25 billion by the end of 2013. Its revenues during the quarter declined by 7.1 per cent at Euro 3,545 million compared to Euro 3,817 million it reported for the same period a year ago.ALU launched 'The Performance Programme' to
achieve an additional Euro 750 million cost reduction, bringing total savings to Euro 1.25 billion by the end of 2013.The company announced plans to reduce global headcountby around 5,000 people, exiting or restructuring unprofitable managed services contracts along with associated headcount and exiting or restructuring in unprofitable
markets.ALU employs 10,000 people in India and manages half of fixed and CDMA wireless lines in the country.It could not be immediately ascertained whether the announcement will have any impact on its Indian unit.This is global headcount reductions plan. The company will not comment at this time on where these reductions will be made.They
will communicate more detail about this in September.

July 27, 2012

Bobby Jindal Leads Election Campaign for Touring Romney

Bangalore: Indian-American Louisiana governor and the possible running mate of Romney is leading the Republican campaign against Obama, since the latter is on his 3-nation tour, Bobby Jindal led two campaign events in the state of Lowa and impressed by the impact of his campaigns, Jindal is asked to address another election meeting in Florida .Jindal says President Obama has nothing new to offer - simply wants to try to tax, spend, and borrow away into prosperity. (Former Massachusetts) Governor Romney instead is offering a different path to restore the American dream, to grow the private sector economy so our kids will have even more opportunities than those we inherited from our parents.He think the contrast is clear. The response in Iowa on the ground has been enthusiastic and strong. According to Jindal, Romney is the best President the nation can have.

Lifesize Announces Deepak Braganza as Country Manager for India and South Asia

Bangalore: Deepak Braganza has been announced as Country Manager for LifeSize Communications India and South Asia.LifeSize, a division of Logitech made this announcement , that Deepak shall focus on developing business growth, extending partnerships, channel expansion and accelerating the company's foot hold across India and South Asia in his new role.He has strong experience in the IT and video conferencing industries, and a deep understanding of the India and South Asian markets.

July 26, 2012

Nasscom Plans to Create IT, BPO Jobs for 2,000 Differently-able Candidates

Bangalore: Nasscom Foundation the social development arm of IT-BPO, has all the plans of creating 2,000 jobs for differently challenged people in the IT and BPO sectors in the next two years.Rita Soni, CEO of the Nasscom
Foundation said that, India at present has 5.5 million disabled youth within the age group of 12 to 24 years, but only few corporate companies have taken the initiative of creating workplaces and recruiting differently challenged people. Continuing, Rita Soni also said that, the diversity is seen as an extremely strong business case to drive job creation for differently challenged people in India.Though many of the corporate companies have remained insensitive to create jobs for differently challenged people, some organizations have figured out the benefits of a diversity policy and are planning to hire differently challenged people.

RBI to Hire Independent Consulting Firms to Overhaul HR Practice

Mumbai: The central bank will form a panel of up to six independent professional firms to help RBI in framing, implementing and delivering integrated HR solutions in the areas of HR policies, processes and systems, among others.The Reserve Bank plans to rope in outside consultants to overhaul its human resource practices, a move that
would affect its nearly 18,000 employees.Among others, the empanelled consultants would advise RBI on matters like hiring, salaries, training, performance appraisal, retention and succession plans.RBI has a total of around 18,000 officers and staff in its offices across the country.The panel will help RBI in areas like strategic HR planning and advisory services; evaluation and assessment system; HR and management practices audits; beside others.Market regulator SEBI recently roped in an independent consultancy firm for overhauling its functions and organisational structure, including HR practices.The proposed panel will be set up for a period of three years, RBI added.It further said that "as and when" specific tasks for consultancy services are identified, the empanelled consultant firms shall be asked to submit their offers for the same. The central government-appointed Khandelwal panel on HR issues in public sector banks had suggested a slew of measures, including outsourcing more non-core activities in a time-bound manner. The panel had also recommended raising the standard of recruitment, including the methodology and content for tests, besides making the testing of computer skills mandatory for both officers and clerks.

July 25, 2012

Obama Nominates Indian American to a Key Administration Post

Washington: Ranee Ramaswamy another Indian American has been appointed to the key administration post U.S. President Barack Obama by announcing his intent to nominate, Ranee Ramaswamy, as a member of the prestigious
National Council on the Arts. Founder and Co-Artistic Director of the Ragamala Dance Company, Ramaswamy has been a master choreographer, performer, and teacher of Bharatanatyam dance since 1978. She is the recipient of the 2011 McKnight Distinguished Artist Award and was named "2011 Artist of the Year" (with co-director Aparna Ramaswamy) by the Minneapolis Star Tribune.Her work has been commissioned by the Walker Art Center, American Composers Forum, and the Minneapolis Institute of Arts, and has been supported by the
National Dance Project and the Joyce Foundation.

3 Indian American Scientists Honoured with U.S. Presidential Award

Bangalore: The award which was established in the year 1996 is the topmost honour given by the United States Government to talented professionals in the field of science and engineering, during the beginning stages of their
research careers.Three Indian American scientists has been honoured with the ‘Presidential Early Career Awards for Scientists and Engineers’, by U.S. President Barack Obama. Sridevi Vedula Sarma: Sridevi Sarma is the assistant professor of Biomedical Engineering at the Institute of Computational Medicine, John Hopkins University.Sarma holds a BS in Electrical Engineering from Cornell University and MS and PhD degrees in Electrical Engineering and Computer Science respectively from Massachusetts Institute of Technology.Her research areas include developing control-oriented input-output models of basal ganglia nuclei, designing feedback control algorithms and developing point process models of single neurons. Pawan Sinha: Pawan Sinha is an associate professor of computational and visual neuroscience in the Department of Brain and Cognitive Sciences at MIT.Sinha completed his degree in computer science from the Indian Institute of Technology, New Delhi and did his Master’s and doctoral degrees from the Department of Computer Science at MIT.Sinha came up with a humanitarian and scientific programme, named "Project Prakash", aimed at the betterment of blind children.Parag A Pathak: Pathak received his Ph.D. in Business Economics, a Master's and Bachelor’s Degree in Applied Mathematics from Harvard University. Pathak is an Associate Professor of Economics at the Massachusetts Institute of Technology and he also directs working group on Market design at the National Bureau of Economic Research.

June 14, 2012

Indian American Woman: Victim of 9Mn Fraud

Bangalore: Ansuya Patel, the owner of several motels in the U.S. met Shah, son of a knitwear factory owner in the year 2008.She then decided to enter the field of cloth manufacturing so as to expand her business and for this she partnered with Shah.Ansuya is an Indian American woman settled in north Memphis of Tennessee in U.S. has filed a complaint against her business partner Dilip Singh, for cheating her of 87 lakhs.According to the complaint filed to Navrangpura police last week, Patel signed an MoU with Shah (memorandum of understanding) to start a knitwear company.In 2009 she sent an amount of Rs2.95 crore to Shah via her US-based bank, to buy machinery and install it. Upon her return to India in 2011, Patel realized that Shah had sold three imported machines worth Rs 19 lakh to three different parties for just 4 lakh, without even telling her. Even though it was decided while signing the document that Patel would own a share of 51 percent in the company, Shah falsified the terms of MoU and did not allot her the promised share.Ansuya, the owner of several motels in the U.S. met Shah, son of a knitwear factory owner in the year 2008.She then decided to enter the field of cloth manufacturing so as to expand her business and for this she partnered with Shah.Ansuya also alleges that Shah gave away the amount from shares worth lakhs to his family
members.

June 13, 2012

Indian American Youth Raises $95,000 to Support Social Issues

Bangalore : Ravi Baichwal, an anchorman at ABC7 and James Whelan, Professor at the Kelley School of Business, Indian University organized a special fundraising programme recently to support the social programmes conducted by Chinmaya Organization for Rural Development (CORD) in India.The second-generation along with the community-minded Indian American young professionals lead the programme and were successful in raising an amount of $95,000.Many among these youngsters have visited India to bring in some social change in the country and to support community awareness.CORD has been focusing its services on specific areas such as health, education, social justice, environmental issues for the last 30 years. They also extend helping hand to the disabled and poor people.The target amount kept for the fundraising programme was $100,000 and through the sales of paintings and hand-made goods made by the villagers, $95,000 was raised. Numerous individuals and business entities also contributed to the event.Nearly 500 people attended the event and there were high-powered fusion Indian performances and comedic acts to enlighten the programme.

June 12, 2012

Indian Scientist Wins American Astronomical Society Prize

Bangalore: Dibyendu Nandi, from the Indian Institute of Science Education and Research (IISER) in Kolkata has been doing extensive research on the sun and the different characteristics of solar activity, for the last many years. For his contributions, he is being honored with the Karen Harvey Prize at the 220th meeting of the AAS.He becomes the first space scientist from Asia-Pacific region to be honoured by the prominent American Astronomical Society (AAS), reports Asian Scientist.According to an official statement, the prize is in “recognition for a significant contribution to the study of the sun, early in a person’s professional career.” The award includes a check of US$1,000, which Nandi intends to contribute towards student fund.The main thrust of my discovery is that the sun’s memory regarding its past activity is very short. This implies that very long term forecasting of solar activity and space weather is ruled out,” said Nandi in a brief interview with ‘Asian Scientist Magazine’.He completed his Ph. D. in solar physics from the Indian Institute of Physics and has worked for various NASA projects for seven years at the Montana State University in U.S. He is also a part of Aditya’s mission to the sun by ISRO.

June 11, 2012

Indian VIPs will Have to go Through U.S. Immigration Rules

Bangalore: Everyone will have to go through the normal immigration procedures; even if he is a VIP and exception in rules are only for individuals who have diplomatic exemption.The U.S. is holding discussions with various countries to make the rules and regulations of travelling bit lighter, so as to avoid further incidents like the detaining of King Khan. But the surprising thing is that India is not a part of these discussions.For “process for VIP arrivals, unless they have some type of, say, diplomatic visa or exemption, everyone would go through the same type of process.It works on a reciprocal basis and some level of agreement on a level of background checks each country will do.So it's a matter of whether we can reach agreement with those countries and they're willing and able to do the types of checks, and they can negotiate a threshold for qualifying our participation in that.So they do ask for the public's patience in helping us help them and make sure all those requirements are met.

June 10, 2012

Two Indian-Americans Indicted for Defrauding Hundreds in U.S.

Washington: Sharanjit Kaur, 36, and Baljit Singh, 47, both of Fresno in California now faces sentencing of 20 years in federal prison and a $500,000 fine.These two Indian-Americans in California were indicted on charges of defrauding hundreds of home owners and other customers along with mail and wire fraud and international money laundering. The indictment alleges that between July 2010 and June 2011, Kaur and Singh owned and operated several companies based in Fresno for the sole purpose of defrauding hundreds of customers throughout the US.Kaur and Singh touted to potential customers that their businesses, Consumer Financial Services, Consumer Credit Repair and Client Financial Services, could provide debt consolidation services.They also falsely promised that they could renegotiate debts with creditors and mortgage lenders, obtain low-interest loans for customers, assist in avoiding lawsuits, lower car payments, replace high-interest credit cards with low-interest ones, and correct errors in credit reports. Kaur and Singh used a call center in India whose employees would call customers using aliases such as 'Neil McKenzie' or 'Anthony Jones',.The indictment alleges that after luring customers into using these purported services, Kaur, Singh and their agents instructed customers to send in monthly payments of $500 or more. Even though they collected regular payments from customers, the defendants did not contact creditors on behalf of customers, it alleges.According to the indictment, Kaur and Singh used the funds received from customers for their own benefit. Kaur and Singh also wired a portion of the funds to an individual in Kolkata. Customers sent over $400,000 in payments to the defendants.

June 09, 2012

U.S. Sikh Body Gives Scholarships to Punjab Students

Washington: Scholarships totalling about $210,000 has been given to the needy students pursuing higher education in 159 institutions in Punjab and other northern Indian states for the 2011-12 academic year.It has been given by Washington-based Sikh Human Development Foundation (SHDF).Fifteen scholarship recipients belonged to farmers' families where the farmer had committed suicide to escape the excruciating debt burden.SHDF has granted 2,373 scholarships since the programme was initiated in 2001 and 774 students have already graduated and have become professionals, according to SHDF chairman Amar Jit Singh Sodhi.There is increased emphasis on female education in our programme, he said, noting 69 percent of the scholarships went to female students and 31 percent to male students. 52 percent scholarship recipients were from rural areas and 48 percent from urban areas.SHDF is largely supported by donors from Washington metro area and by many successful entrepreneurs throughout the US. It partners with Nishkam Sikh Welfare Council for implementing this programme in India.

June 05, 2012

GobalOutlook Appoints Global CEO

Hydrabad: GlobalOutlook Appoints Prabhakar Reddy as their Global CEO,GlobalOutlook, a leading secure cloud-based Business Communication Service provider.The appointment follows the February announcement by Naya Ventures that the fund would be committing additional funds to expand the management team and grow the company’s international customer base.Mr. Reddy is responsible for overall strategic growth and global Sales for Global Outlook. He will continue his role as Managing Director of Naya Ventures. Most recently, Mr. Reddy was Managing Director at ANSR Group, a Dallas-based Boutique Global Advisory firm based in Dallas providing Global Sourcing Advisory and strategies for Fortune 500 firms and SMBs where he advised CXO’s on global sourcing strategies. His career includes 15 years of management consulting and leadership roles at Sunoco, Navigant, SunGard and as a cofounder of RiseSmart.com. Mr. Reddy earned a M.B.A from the University of Chicago Booth School of Business and his Bachelor of Engineering from Andhra University. A key initiative for the company is the expansion of its product offering in order to meet the needs of both SMBs and enterprises worldwide. As of May 2012, the company is offering both Sharepoint 2010 and Lync 2010, which provide enhanced features compared to earlier versions and allow for improved communication and collaboration.GlobalOutlook has been able to expand from its initial position of being the first white label Hosted Exchange provider in India to customers across the globe by offering its initial White Label partnerships, Direct Sales Channels and self-service online portal.

June 04, 2012

19 NRIs Honoured With Light of India Awards

New York: 19 persons have been awarded the Light of India awards recognizing excellence and the exemplary achievement of Indians living abroad. Columbia University professor and economist Jagdish Bhagwati and noted author Amitav Ghosh are among them.Winners for the awards were instituted by Remit2India, a Times Group online money transfers unit. Winners:Lifetime Achievement Awards: Columbia University professor & economist, Jagdish Bhagwati, founder & CEO of Patni Computer Systems, Narendra Patni and former CEO of Vodaphone Group - Arun Sarin.Jury and People's Choice Awards:Excellence in Business Leadership: Bharat Desai, founder of Syntel and Gurbaksh Chahal, internet entrepreneur and a best-selling author.Excellence in Science & Technology: Pradeep K. Khosla, dean of the College of Engineering & the Philip & Marsha Dowd University professor at Carnegie Mellon University and Sabeer Bhatia, co-founder of Hotmail Service & Jaxtr.Excellence in Corporate Leadership: Anshuman Jain, co-CEO of Deutsche Bank and Padmasree Warrior, chief technology officer of Cisco Systems.Excellence in Education & Academics - Deans & Presidents: Renu Khator, president of the University of Houston (both categories).Excellence in Education & Academics- Scholars & Professors: Soumitra Dutta, Roland Berger chaired professor of business and technology and founder and academic director of e-lab and Mohanbir Sawhney, director of the Centre for Research in Technology & Innovation at Kellogg School of Management.Excellence in Literature & Journalism: Amitav Ghosh and Indu Sunderesan, both authors.Excellence in Arts & Entertainment: Padma Lakshmi, host of 'Top Chef' and Lisa Ray, actor and host of 'Top Chef' Canada.Special Awards: Amrapali Young Achievers award: Gurbaksh Chahal, chairman & CEO of RadiumOne.Power of Influence in Education award: Satish K. Tripathi, University of Buffalo, Power of Influence in Technology award: Ajay V. Bhatt, co-inventor of USB Technology

June 02, 2012

Indian American Doctor Honoured with Top U.S. Award

Bangalore: Dr. Ashutosh K Tewari, the director of Lefrak Center for Robotic Surgery at NewYork-Presbyterian Hospital/Weill Cornell Medical Center was honoured with the Gold Cystoscope Award by the American Urological
Association. Dr. Tewari, an expert in the field of prostate cancer and robotics has conducted more than 3,500 robotic prostatectomies. At present he is conducting research on the radiological phenotype of aggressive prostate cancer with the help of new technologies, so as to find out the reasons for aggressive prostate cancer.His brilliant contributions to urology and urologic oncology made him eligible for this recognition along with his treatment of prostate cancer and the development of new technologies to advance the result of robotic radical prostatectomy.He is actively involved in the functioning of various organizations such as the American Urological Association, Society of Urologic Oncology, Society of Laparoendoscopic Surgeons and Society of Minimally Invasive Therapy and International Quality of Life Research. He completed his graduation in medicine from GSVM Medical College in Kanpur.

Saviour of Slum Kids', US Indian to be Honoured

Bangalore: Sheela Murthy is the founder, President and managing attorney of Baltimore County, law firm based in Maryland and also looks after Murthy-Nayak Foundation, a non-profit non-governmental organization which provides help to the educational and medical needs of women and children in India and U.S. The organization also supports immigrants and disaster relief efforts.Sheela Murthy, an Indian American philanthropist and entrepreneur will be honoured with the 2012 Sadie Award by the Children's Guild on April 14 at the Kids fundraising event which will be held at Maryland, U.S. Her philanthropy and humanitarianism have made her eligible for this recognition.The event aims to support special needs students and adolescents who face difficulties in pursuing further studies due to autism, multiple disabilities and trauma.The United Way of Central Maryland recognized Murthy as the Philanthropist of the Year two years ago for her contribution of $1 million to the United Way. She told Rediff that she would like to give a portion of her contribution to a project which intends to support slum children in the Chennakeshaya school in Bangalore.Sheela was also honoured as the Entrepreneur of the Year by Ernst & Young for the Washington, DC metropolitan area.

June 01, 2012

Mumbai Industrialist Elected as Harvard Overseer

Mumbai: The Harvard Board of Overseers is more than 350 years old and was created in the 17th century. It oversees all the Schools of Harvard, including health, business, design, arts and sciences, and has had an illustrious past. The 30-member Board of Overseers is all directly elected by alumni. President John F. Kennedy served on the board in 1957.Top-notch Mumbai industrialist and director of Piramal Healthcare Ltd., Swati Piramal has been elected member of the Harvard Board of Overseers.Piramal is now one of the five new Overseers elected to the board for a six-year term. She was the only international and Indian candidate nominated for contesting elections by the Harvard Alumni Association committee this year.Piramal was among the handful of Mumbai industrialists who had met US President Barack Obama during his trip to India in November 2010. Before that, Piramal also met Secretary of State Hillary Clinton.Piramal has a medical degree from the University of Mumbai, a diploma in Industrial Medicine and a Masters in Public Health from Harvard University, US. She currently serves on the Dean's Advisory Board of both the Harvard School of Public Health and the Harvard Business School.She also serves on the boards of Indian and international academic institutions such as IIT-Bombay and Harvard University. She was the Commencement Speaker at the Harvard School of Public Health in 1992.

Indian-American Appointed to key Texas Board

Houston: Texas Governor Rick Perry appointed Sockalingam "Sam" Kannappan and Edward Summers to the Texas Board of Professional Engineers for terms to expire on September 26, 2017.A prominent Indian-American community leader here has been appointed to a key body of engineering professionals in Texas.The board licenses qualified engineers, enforces the Texas Engineering Practice Act and regulates the practice of professional engineering in Texas.Born in Nattarasankottai in Sivaganga district of Tamil Nadu, Kannappan is a senior design engineer for SNC-Lavalin Hydrocarbons and Chemicals.Kannappan received a bachelor's degree from Annamalai University and a master's degree in mechanical engineering from the University of Texas.He is one of the co-founders of Sri Meenakshi Temple in Houston.

May 31, 2012

48 Percent of Indian Companies Struggle to Find the Right Candidate

Bangalore : 48 percent of the Indian employers are struggling to get the right candidate for their company. Though this percentage is 19 percent down when compared to previous year, this 48 percent is high when it is compared to global average of 34 percent.The profiles on demand have also changed since last year. It was difficult to find right candidate for R&D, sales manager and IT staff previous year and in this year it has been difficult to find for IT staff, marketing/PR/communication staff and engineers. Surprisingly, this year it has also become difficult to find candidates for Personal assistants, call center operators as well as researchers. Doctors and laborers who made it to the list last year has been removed this year.The key reasons for the above mentioned posts to be vacant can be because of lack of available candidates, technical competencies among those who are presently working, refusing to get transferred to another location, poor image of the job, weak soft skills and demand for a higher salary. Due to the high growth in the IT sector and increase in the social media presence of organizations, there is a high demand for IT staff and marketing/communication staff. Employers may not be worried about leaving the important positions unfilled right now, but they will surely realize it as a problem in the future when it will be too late.

May 30, 2012

RIM to Slash Around 2,000 Jobs: Reports

Toronto/ New Delhi: RIM is preparing for a major global restructuring beginning in the next couple of weeks that will see it eliminate at least 2,000 jobs across its worldwide operations. BlackBerry-maker Research In Motion (RIM) is likely to slash around 2,000 jobs worldwide as part of a massive restructuring plan that will begin in the next couple of weeks, according to a report.Amid tough market conditions and stiff competition, RIM is the latest entity to announce layoffs after tech giant HP, which plans to axe 27,000 staff. RIM, which has about 16,500 employees worldwide at present, had announced in July last year to reduce its workforce by 2,000.The report said the layoffs and executive departures would sweep across departments, ranging from senior positions in RIM's legal division to human resources, finance, sales and marketing.

May 29, 2012

Ford to appoint 700 people in India this year.

Bangalore : Plans are made to recruit 700 people for its two units namely the Ford India and Ford Global Business Services for 2012. The company has already recruited about 90 B-school graduates and 45 Engineering graduate trainees till now, and it has all the plans to increase its staff by 700 people by this year end.Despite a slowing passenger car market, recent employee protests at its Chennai branch and with its strong competition, the company seems to be calm by attrition.Dhananjay Nair, the General Manager of the Human Resources at Ford India said that, for their company, retaining the workforce is not an issue as the company’s attrition rate is at 6 percent which is less than 50 percent of the market rate.Of the 45 engineering graduate trainees who have been hired this year, a considerable amount has been recruited at Sanand for the manufacturing operations. Other than recruiting for manufacturing sector, the company is also recruiting for other functions like the HR, Finance, purchasing and IT.Mr. Nair added the Ford employer brand has been very strong at Chennai and they need to test it out in Sanand as well in the future days.

May 26, 2012

Justice Department Files Lawsuit Against NJ Company for Retaliation

The Justice Department filed a lawsuit against Whiz International LLC, an information technology staffing company in New Jersey, accusing the company of violating the anti-discrimination provision of the Immigration and Nationality Act (INA) when it terminated an employee in retaliation for expressing opposition to Whiz’s alleged preference for foreign nationals with temporary work visas.

May 25, 2012

27000 Employees to Lose Jobs, Announces HP

Bangalore: HP announced mass layoff of approximately 27000 employees. The company will lose 8 percent of its work force by the end of the fiscal year 2014 saving itself close to $3 Billion. The decision is a desperate attempt to revive the drowning company and it showed a positive response with a 7 percent increase in the value of the stocks. The cut down did not help the company in any way with its PC sales seeing a 15 percent fall during the last holiday season. The consumer consumption sales fell 25 percent too. The printing business is not doing well either with a 10 percent fall in profit since last year. Many of the layoffs are expected to be from the printing division.HP’s problems run much deeper than its larger work force. They have not been competent in the rapidly growing tablet, smart phone and cloud market. The company must realize soon that trimming down and restructuring might help the company in some ways but they must come up with products which are at par with the existing market standards. It has not been specified if the layoffs will be US based or at offshore locations. Either way HP employees will henceforth work in fear.

May 23, 2012

Mukesh Ambani, Godrej, others Express Support for Rajat Gupta

New York : India-born Rajat Gupta is facing trial for allegedly providing insider information on companies to his friend hedge fund trader Raj Rajaratnam. His trial started in a Manhattan court yesterday. Many Indian business leaders including Mukesh Ambani and Adi Godrej have expressed their support for prominent Indian-American Rajat Gupta, who went on trial in a high-profile insider trading scandal. One of the charges against Rajat is that he had tipped off Rajaratnam about Berkshire Hathaway's USD 15 billion investment in Goldman Sachs at the height of financial meltdown in 2008.

May 24, 2012

U.S. College Confers Doctorate on Indian-origin Doha Bank CEO

New Jersey: Indian-origin R Seetharaman, Group CEO of Qatar-based Doha Bank, was today conferred with Doctor of Laws honorary degree for his contribution to global banking and finance by the Washington College.Along with Seetharaman, Jane Rosenthal, co-founder of New York Tribeca Film Festival with Robert De Niro and well-known television and feature production executive and James C Rees, eminent historian, also received honorary doctorates.In his address, Seetharaman said the world once operated like a series of islands but, today there is near total economic interdependence - a result of dramatic technological and communications innovations. In the past, Washington College had honored American Presidents George Washington, Franklin D Roosevelt, Harry S Truman, Dwight D Eisenhower and George H W Bush; Nobel Laureates James Watson, C N Yang, Glenn Seaborg and Mario Molina; and historians David McCullough and Stephen Ambrose for their contributions to the Society.

May 22, 2012

Most Companies Plan to Recruit Fresh MBAs in 2012: GMAC Survey

Bangalore: The survey conducted by Graduate Management Admission Council (GMAC), highlighted that more organizations plan to recruit fresh MBA and Master of Accounting graduates in 2012 than they did last year in 2011. According to the survey, companies that were surveyed, claimed that they plan to hire recent MBA graduates this year, compared to 72 percent last year.The Global Management Education Graduate survey was carried on between mid February to mid March 2012, involved 1096 recruiters, 128 business schools and 800 companies across the world. It is reported that Airtel India, India Infoline, ISB Hyderabad, IIFT, Delhi, and SP Jain Institute of Management Research are amongst the Indian companies and business schools who participated in the survey. As compared to 2011, this year the proportion of companies intending to hire recent MBA graduates is expected to rise by 22 percent particularly in the technology sector. Coming to the nonprofit and the government sector , the percentage of companies planning to recruit other specialized masters in business graduates and masters in management graduates increased by 64 percent and 52 percent respectively.In the Asia Pacific region the maximum increase in the percentage of companies hiring Master of Accounting graduates has increased by 54 percent in 2012 from 38 percent in 2011. On the other hand 35 percent of European companies have claimed a drop in demand of these graduates.

Wipro Technologies to Launch Internship Program for Engineering Grads from UK

Bangalore: Wipro has announced the launch of India Gateway,which is an internship program for engineering graduates from the British Universities.This program is a one year training program and it involves a three month
thorough technology training course and it is followed by six month on the job training with the Wipro teams. In the last three months of the one year training, students will have to work on live projects that the company is executing.The internships will begin from July 2012 and 20 students are expected to arrive in India by the second week of September month.This program is mainly aimed on engineering graduates and also on the engineering students who are in their final year of engineering degrees. Wipro’s talent acquisition team is going to interview them and shortlist them to join the program.

May 21, 2012

Groupon Hires Indian American as VP of Engineering

Bangalore: Groupon has hired Amazonians and the list of former Amazon executives on its team, which includes CFO Jason Child, SVP of Product Jeff Holden and Kal Raman, who joined as SVP of America. Groupon, the daily deals company based in Chicago has appointed Indian-American Vinayak Hedge as its new VP of engineering. He will be looking after the marketing technology expansion of the company, from Groupon’s office in Seattle and will also be responsible for a new office which will be set up in Seattle soon. The office in Seattle is expected to have 20 employees and there will be facilities to automate the marketing efforts of the company, making it cheaper to attain customers with greater quality. The office will work closely with Palo Alto technology teams and Hedge will be responsible for both the locations.Hedge who completed his higher studies from National Institute of Technology in Karnataka has earlier worked for Oracle, Verifone and Citicorp Overseas Software Ltd as a
software engineer.

Indian Companies Support 3 Lakh Jobs in U.S.

Bangalore: Indian companies play a vital role in creating employment opportunities in the U.S. and are also involved in 72 mergers and acquisitions there, said TK Chand, chairman CII, Vizag Zone and director (commercial) of the Visakhapatnam Steel Plant in an interactive session with Katherine S Dhanani, US Consul General, Hyderabad. Indian companies in U.S. have increased their employee count regardless of the serious problems related to financial crisis. A similar study conducted by CII entitled 'Indian Roots, American Soil: Adding Value to US Economy and Society', took information from 36 prominent Indian companies doing business in America in diverse fields and came up with similar conclusion regarding the increase hiring process by Indian companies during the time of recession.These 36 companies alone employ nearly 52,000 employees in U.S. and they have also increased more than 70 percent of their staff in the last seven years. Moreover, they also aim to create around 3,400 jobs, in the present year.

May 03, 2012

Indian Cos Stepped up U.S. Hiring during Recession: CII
Bangalore: A survey was carried out from 36 major Indian companies doing business in the US across a wide range of sectors and the data has been compiled in a report called 'Indian Roots, American Soil: Adding Value to US Economy and Society'.Confederation of Indian Industry has come up with a study that states Indian companies in the U.S. have stepped up hiring in spite of the current economic slowdown. When compared to the pre-recession period, almost three-quarters of these companies have a higher headcount at present.Though these represent just a small part of Indian companies operating in the U.S., these alone employ about 52,000 workers in the country. More than 70 per cent of these companies have increased staff since 2005, and looking ahead to create another 3,400 jobs this year.The report also approximates that the surveyed companies saved over 2,000 jobs by carrying out 72 mergers and acquisitions since 2005. M&As are also expected to create 236 additional jobs this year. The report is the second such survey released by CII.

May 02, 2012

Google's Top Executive Nikesh Arora Takes $8mn in Lieu of Stocks

Bangalore: Nikesh Arora, who is in charge of the revenue operations as well as marketing and partnerships of Google, received some new stocks and grants last month. But, he took an amount of $4.7 million (‘Cancelled Awards’ payment), plus a bonus of $3.3 million, instead of the stock. Arora, the Chief business officer of Google will receive a payment of $8 million on May 11, according to a Google SEC (Securities and Exchange) filing. Arora, who is with Google for the past many years, has been successful in building the European operations of the company into a significant one. He was appointed to the post of global ad sales boss in the year 2009.

IIM-Indore Student Offered 53 Lakh Annual Pay

Indore: This international offering was made to a student of a 2010-2012 batch while a leading European investment bank has offered an annual package of Rs 32 lakh to another student," a spokesman of IIM-Indore said without revealing the identity of the companies and the students.A Singapore-based infrastructure advisory firm has recruited an IIM-Indore's student on an annual package of Rs 53 lakh.A total of 443 students completed IIM's flagship Post Graduate Programme (PGP) in 2010-2012, out of which 434 got the jobs in different sectors.

May 01, 2012

Highest Paid Indian in LinkedIn

Bangalore: Dipchand "Deep" Nishar, Senior Vice President of Products and user experience at LinkedIn, emerges as one among the top paid managers at LinkedIn. In the year 2010, his salary package was $230,000 and previous year it increased up to an amount of $282,500.Apart from this, the total compensation he received in the year 2011 was $3,905,250.Nishar holds 3 patents and was also honoured with the Google Founders Award for his work on the Google Ads System Automation.

April 30, 2012

Remittances to India Rose to $64 Billion in 2011

New Delhi: In an update on migration and remittance, the World Bank said remittance flow to India has surged due to the weak rupee and robust economic activities in the Gulf countries. India remains the top recipient of money from diaspora as total remittance flow to the country is estimated to reach $64 billion in 2011, almost three percent of the country's gross domestic product (GDP), according to World Bank data.The World Bank revised upward remittance flow estimate for 2011 by $5.8 billion from its previous estimate announced in November last year.

April 26, 2012

Indians Going to U.S. for Medical Studies will have to Sign a Bond to Return

Bangalore: From this year onwards, any student going for further medical education to the US will have to give us a bond that he will come back after finishing the studies. In the last three years, 3000 doctors went abroad for studies and did not return. Now if a student does not come back from the US, he won't be allowed to practice there. U.S. is now asking for a no-objection certificate from the government for every student joining an American institution. No other country except the US is asking for this NOC. But many feel that such kind of bans and regulations is not the right kind of approach and on the other hand India should be able to give good education to more doctors and provide them a better environment and facilities for practice.


10 Million Indians Wish to Move to U.S.: Poll

Washington: Despite large numbers of people in China, Nigeria, and India who want to migrate permanently to the US, these countries are not necessarily the places where the US is the most desired destination.Potential migrants aspire to move to countries all over the world for the simple reason that they are in search of opportunity.Opportunity could mean the chance to join family members who are already in other countries, to start a new business, to express one's views without fear, or to live where children are treated with respect. Around 13 percent of the world's adults -- or over 640 million people -- would like to emigrate with roughly 150 million, including ten million Indians wishing to settle in America.

April 13, 2012

45,000 Youth in Northeast to Get IT Training

New Delhi:Benefiting around , the cabinet Thursday approved ion A sanction of 388.68 crore has been approved by the cabinet, to benefit 45,000 students in the northeastern regionproject to train the youth in the areas of information, electronics and communication technologies (IECT).

March 24, 2012

Maruti Suzuki's new union demands separate, higher wage revision

New Delhi: The newly formed Maruti Suzuki Workers' Union is pressing for a higher revision of wages at the Manesar plant of India's biggest carmaker that has been struggling to bounce back after the prolonged labour unrest last year. Besides higher salaries, the unions are demanding streamlining of promotions and matching of perks such as productivity incentives with the steadily rising cost of living and the diminishing opportunities for growth in the wake of increasing automation. This has posed a fresh challenge to the Maruti Suzuki management which is also negotiating with the Gurgaon-based Maruti Udyog Kamgar Union that has already demanded double-digit pay increase. The 30-year-old union had won a 6% raise for its 3,000 plus members in 2009.

March 23,2012

5 Indian Americans Receive Simons Fellowships

Bangalore :The Simons Foundation based in New York City has aimed towards the progress of research frontiers in math and science and it provides fund to the selected people to carry out their research work. Five Indian Americans have been selected for Simons fellowships in mathematics and Theoretical Physics, on the basis of their proposed research plans. Senthil Todadari, in his research has tried to understand the phenomenon in materials whose properties do not fit with the conventional theories of the physics of solids. Ashvin Vishwanath, whose areas of research includes fractionalization, unconventional quantum phase transitions, fluctuating superconductivity, quantum magnetism and cold atomic gasses. Smitha Vishveshwara, is planning to research on the topological
features and quantum dynamics of powerfully correlated systems with the help of this fellowship. Srikanth Iyengar and Gautam Chinta, research areas include number theory, automorphic forms and L-functions.

March 22, 2012

Large Saudi Youth Delegation to Visit Indian Technology Hubs

New Delhi: Promoting youth relations between India and Saudi Arabia, a 45-member delegation of Saudi youth will be visiting India for the first time for a 10-day forum that will engage people from both countries on the Indian experience in technical education.Among the institutes listed for visit are the Indian Space Research Organisation (ISRO) and Narayana Hrudyalaya for telemedicine project in Bangalore, the Google Microsoft office and Dr Reddy's laboratories in Hyderabad as well as the National Association of Software and Services Companies (NASSCOM) and the Indian Institute of Technology in the national capital.It is hoped that the activities of the forum will provide an opportunity for Saudi young men and women to interact with their Indian counterparts and outline common ideas and perceptions. The three cities were chosen because of their global contributions in the field of technology.


IT and Technical Job Market Trends for 2012

Bangalore: The upcoming year has come up with good indication for low- and mid-level IT and technical professionals. Amongst candidates with executive levels, 52 percent thought on a job switch over the past 12 months. In 2012, 14 percent increase in job placements or assignments are anticipated.The number of technology-related positions in the healthcare and manufacturing segments have grown immensely. making Healthcare, Technology, and Manufacturing, top three growth sectors.. Mainly the focus is anticipated to be in the fields of application development, project management and business analysis, technical support for new mobile platforms, networking and data center management for virtual and cloud-based solutions, business intelligence (BI) and data analytics, IT/network security, and unified communications.

 

March 21,2012

Tata Steel to Pay Rs 27 Crore to Villagers

Raipur: India's largest private sector steel major, Tata steel is still to pay over 27 crore compensation amount to villagers in Chhattisgarh's Bastar district to take over their land for setting up an integrated steel plant.The company has so far paid 42.07 crore. Tata Steel would require 2,044 hectares of land for setting up the steel plant. As the
proposed plant area comes in a tribal belt, the state would acquire land on behalf of company and allot it on lease.Tata Steel, which inked a pact with the Chhattisgarh government in June 2005, is setting up a 5.5 million tonne per annum steel plant in Lohandiguda area in Bastar, some 340 km south of Raipur.

Indian Wins Jr. Nobel Prize in U.S. Science Competition

Bangalore: Nitin Tumma, a 17 year old Indian American has been honoured with the Nobel Prize for juniors in science competition for his research on cancer pathogenesis. Two other Indian American students, Neel Patel and Anirudh Prabhu made it to the top 10 list in the competition (popularly known as Intel Science Talent Search), which is one of the most prestigious and oldest ‘science and math competition’ in the U.S. Nitin is the only Indian American winner of this competition so far who was awarded an amount of $100,000 by Intel Foundation. He is from Northern High School in Port Huron who did project on the topic “Elucidating Pathways in Cancer Pathogenesis: Establishment of Interaction between TGF-ß/Ras Pathways and Identification of gC1qR as an Oncoprotein.”

March 20,2012

4 Indian Americans in Forbes 'Billionaires List-2012'

Bangalore: Forbes Magazine recently came up with the annual survey report of the world’s richest people, which includes four Indian American entrepreneurs who made it to the list with a total net worth of $6.3 billion. From India, Mukesh Ambani was ranked among the top 20 billionaires of the world with an amount worth $22.3 billion; 48 other Indian individuals and families are also there in the list.The four Indian Americans come from diverse fields who are well-renowned personalities and have played a vital role in the success of their organizations. Romesh Wadwani, chairman and CEO of Symphony Technology Group, a Silicon Valley-based private equity firm emerged as the richest Indian American on the list, with a net worth of 2 billion dollars. Ram Shriram, a board member of Google who runs his own investment firm, Sherpalo Ventures is the second ranked Indian American on the list. Bharat Desai, who is the co-founder and Chairman of Syntel, an outsourcing company headquartered in Michigan, made it to the third position of Indian American billionaires with a net worth 1.4 billion dollars. With a net worth $1.3 billion, Vinod Khosla, a business enterprise entrepreneur and influential personality in Silicon Valley, came
fourth in Forbes list.

March 19,2012

Government to Spend 50 Crore on Overseas Indians

New Delhi: According to budgetary estimates proposed by Finance Minister, Pranab Mukherjee, the government will spend close to 50 crore on welfare schemes targeted at overseas Indians in 2012-13. The Ministry of Overseas Indian Affairs (MOIA) has been allocated a total of 114.77 crore for the next fiscal, a 41 percent increase from the 2011-12 budget outlay of 81 crore.The ministry will also spend 6 crore on celebrating the Pravasi Bharatiya Diwas. The rest of the 114.77 crore will go towards establishment and infrastructure expenses.

March 17, 2012

78 Board Level Posts Vacant in CPSEs; 9 Companies Unable to Pay Wages

New Delhi: Parliament was informed today that twenty three posts of chief executives and 55 seats of directors are lying vacant in central public sector enterprises (CPSEs).The main reasons for high level vacant posts include court cases and occurrence of unforeseen vacancies which arise due to resignation, death, non-confirmation and non-extension of tenure of incumbent, Minister of Heavy Industries and Public Enterprises Praful Patel said in a written reply in the Lok Sabha. Nine CPSEs under the Department of Heavy Industry (DHI) are unable to generate internal resources for payment of salaries to their employees.The companies include Hindustan Cables, HMT (Watches), HMT (CW), Scooters India and HMT Bearings, among others .Employees of these CPSEs have been paid salaries up to September 30, 2011.

March 16, 2012

Only Two Indian Firms in World's Most Ethical Companies

New York : Tata Steel and Wipro are the only Indian entities named in the 2012 list of 'World's Most Ethical Companies' (WME) prepared by US-based Ethisphere Institute. Two global firms headed by an India-origin individuals featured in the list of 145 companies. They are Indra Nooyi-led beverages giant PepsiCo and Shantanu Narayen-led software major Adobe Systems. All the companies were chosen on the basis of various factors including corporate citizenship and responsibility, governance, culture of ethics, reputation, leadership and innovation.

March 15, 2012

Relaxation of L-1B Visa Policies Beneficial to Foreign Workers
Bangalore: U.S. immigration rules for L1B visas are being reviewed which will make the task of getting U.S. employment visas easy and hassle free. L-1B, which is a sub-classification of L visa program, permits companies to transfer their workers from a foreign office to a U.S. based one on the basis of certain criteria. The employees should have specialized knowledge which is well described by the current immigration rules as beyond the ordinary and not commonplace about the company for which they are working. USCIS (United States Citizenship and Immigration Services) will come up with new rules that will lessen the definition of specialized knowledge and make it eligible for foreign workers with similar knowledge to other workers in the industry to get visas.

March 14, 2012

Indian American joins SAP as global VP
Bangalore: Indian American Social computing and technology expert Sameer Patel is new global VP of SAP, a business software firm based in U.S. SAP is intented to enable companies to reap the results of social technologies so as to take their business ahead . He will be in charge of the solutions and go to market for collaboration and social software. Sameer has worked for many Prominent Companies such as Intel , Nike to plan business transformation with the help of social computing constructs and technology.

Indian American wins Prestigious Science Talent Search in U.S

Nithin Reddy Tumma an Indian-American teenager has won a prestigious science talent competition in U.S for his research on devising a more effective and less toxic breast cancer treatment. He has topped the Intel Science Talent search that also saw two other Indian Americans named Neel Patel from Florida and Anirudh Prabhu from Indiana finding place in the top 10.

March 13, 2012

Cognizant Employees Get 200 Percent Variable

Bangalore: Cognizant, the Technology Giant has recently rewarded its top performers. The top performers got around 200 percent of their target bonus while the average bonus given was 150 percent. The bonus payment indicates that later this year there is an increasing probability of a good salary hike. Even against the backdrop of a volatile economy the company grew its revenue by 33.3 percent over 2010 and added more than 33,500 professionals to the workforce globally.

March 12, 2012

Hiring expected to pick up in the coming quarter

Bangalore: Indian Employers are treading on a cautious yet optimistic trail and maintaining staff levels across major industries. Employers have become selective and conscious about the need for right hiring at this juncture. The good news is that this period of uncertainity is better than 2008, since there are no large layoffs or hefty cost cuts and people are not losing jobs.

IITians make it to MIT TR35 list of young innovators

New Delhi: V.S.K Murthy Balijepalli, Nitin Joshi and Vanteru Mahendra Reddy making it to MIT's India TR35 2002 list of young technology innovators along with Abhijit Majumder of IIT Kanpur. Balijepalli, 26, made it to the list for developing a method to forecast electricity price, grid frequency and load that can help make power grids smarter. Joshi, 28 developed dual nanostructures to deliver a combination of two anti-cancer drugs - paclitaxel and curcumin - found in tumeric, to lung cancer patients, overcoming the limitations of conventional chemotherapy. Thirty-year-old Mahendra Reddy was chosen for his work on the development of a lab-scale flameless combustion with liquid fuels. The India TR 35 programme started in 2010 and in the last two years, has identified 37 young innovators, the majority of them from small and medium-sized private research institutions.

March 05, 2012

J&K launches self-employment schemes to tackle unemployment

Srinagar: Jammu and Kashmir Government has initiated schemes of self employment and some steps to alleviate the problem of unemployment. Deputy Chief Minister Tara Chand said that beside providing employment to educated youth in government department the government has launched various self-employment projects for less educated like skill development scheme and sher-e-kashmir employment programme.

Infosys plans to create 14,000 jobs for engineers

Nagpur: India's second-largest software firm will be allocated 142 acres of land for the centre at Mihan , a air cargo project being developed by Maharashtra Airport Development Company (MADC). The Bangalore-based software provider today signed a memorandum of understanding in this regard with MADC in presence of chief minister Prithviraj Chavan . The IT firm will start operations within three years at the centre which will come up at an investment of rs 100 crore and provide jobs to about 2,000 software engineers over five years .Infosys intends to invest a total of Rs 415 crore and create jobs for 14000 IT engineers.

March 03, 2012

Nikki Haley Epitomizes Achievements of Indian Americans

Washington: India deepen its economic ties with the American State of South Carolina during a key meeting between India's Ambassador Nirupama Rao and Governor Nikki Haley, the first woman of Indian Origin to hold the top Gubernatorial Post. Born of Migrants from Punjab , Haley is the first Indian American Woman governor of a US state and after Bobby Jindal of Louisiana, she is only the second Indian American Governor. She is from the
republican Party and has always aimed at bringing Indian Companies to South Corolina and synergize the respective capabilities and strength.

March 02, 2012

Indian American Leaves Obama Administration for APCO Post
Bangalore: APCO is an independent communication consultancy which has branches all over the world with more than 600 employees. Parita Shah, Deputy Director of Public Affairs in the U.S. commerce department has quit her job to join APCO as the Vice President. Robert Schooling, managing director of APCO'S Washington D.C. office is pleased to welcome Shah to their team. Earlier, Shah worked in Bill Clinton's advance team and later on she also served at Clinton foundation.

March 01,2012

Indian American CEO Quits Lightsquared
Bangalore: Lightsquared is a company that plans to come up with an extensive 4G LTE(Long Term Evolution) wireless broadband communication network, a technology which is incorporated with satellite coverage in United States. Sanjiv Ahuja, CEO of Lightsquared, an Indian American, has quit his post following the controversies regarding the company's Satellite enhanced wireless broadband. Currently the company is facing major problems in its attempt to develop a wholesale 4G Celluar network, which has resulted in Sanjiv's resignation.

February 29, 2012

2012 Graduate from Top B-School Treated with Hefty Bonuses

Bangalore :As against last year 2011 graduates had just got joining bonuses ranging between Rs 40,000 and Rs 50,000 and sometimes a Lakh or rare occasions but this time as there is a tough competition to select the best talent,recruiters who are hiring at the top B-school are compensating the fresh talents who are graduating in 2012 with hefty joining bonuses in a year of moderate hikes. At present, premier B-schools like IIMs, Indian Institute of Foreign Trade [IIFT] , XLRI and Faculty of Management Studies [FMS] , Delhi have already recieved bonuses ranging from Rs 1 lakh to Rs 3 lakh this year.

February 28, 2012

Employees should not be Deprived of Promotions Arbitarily, Says HC

New Delhi: A bench of Justice BD Ahmed and VK Jain said It is true that no employee has a vested right for promotion but employer cannot act arbitarily and without any reasonable exuse defer the meeting of
Department Promotion committee (DPC) and thereby deprive the employee of his legitimate expectations for being considered for Promotion to a post if he is eligible for being promoted.

February 27, 2012

17 Percent Engineers are eligible for IT services: Report

Bangalore :The National Employability Report 2011, which is released by the Aspiring Minds has pointed out that though India has a sizable engineering talent pool however, only 17.45 percent are fit to enter the IT services industry whereas country is producing five lakh engineers every year . Morover the candidates are lacking the necessary skills like computer programming and algorithms. The skills neccessary by the IT product companies at the entry level are very much a part of the syllabus of engineering colleges , which is a tormenting indication for higher education . The Report suggests that the attention on growing the quantity of engineers has affected the quality severely.

February 26, 2012

Slowdown in hiring rate and salary rise in IT Sector :NassCom
Bangalore: SD Shibulal, CEO and Managing Director of Infosys said as the European crisis affect the developed markets, the decelerated global economy could direct the IT industry growth downwards. Slow down of the global
economy has signalled a flow in IT Service demand. In a report by NassCom industry body it has been revealed that considering the global economic insecurity and the emerged national policy issues, IT and IT Services Sector in India will witness a slowdown in coming financial year.

February 25, 2012

Indian American Immigration Critic Vivek Wadhwa Awarded by U.S. Government

Washington: Vivek Wadhwa, Indian American researcher and technology columnist, one of the harshest critics of the current immigration policy, was honoured by the U.S. government with a prestigious award for responsible citizenship. The Top USCIS (U.S. Citizenship and Immigration Services ) award recognises the achievements of naturalised U.S. citizens through civic participation, professional achievement and responsible citizenship. (USCIS) Director Alejandro Mayorka conferred the 'outstanding American by choice ' award on Wadhwa in California.
He is vice President of academics and innovation at Singularity university and holds other important position in some other universities.

February 24, 2012

26 High Achieving Indians rewarded with Australia Awards

New Delhi: Twentysix Indian students, professionals and researchers have received scholarships from Australian High Commissioner .These include three prestigious Prime Minister Australia-Asia Awards.These awards shall facilitate the sharing of knowledge, and would strengthen mutual understanding between the two nations.

February 18, 2012

USC with the doctorate for Education Professionals

New Delhi: The University of Southern California (USC) is offering a new doctorate course aimed at professionals in the field of education.The highlight of the programme is that it will be training professionals in global education with a focus on making global leaders in the field of education.Unlike the traditional Ph.D., which is for students planning to go into professional teaching, this course is for professionals. Around 25 people will be chosen for the course from around the world, of which three to four will be from India.

February 15, 2012

US lowers the premium on IT skills

Bangalore:In a survey by Foote, IT leaders said they required professionals who could help their companies innovate, with knowledge of the industry, and customer awareness. They wanted people who could wear multiple hats and make the switch from one job to another.ow they're saying they want to produce value for their organizations, and they're overhauling their focus on skills, away from soloed tech skills to more IT-business hybrid jobs, to get the innovation they need.So the premium has been lowered.Foote predicts that the drop in pay premiums for technical skills will continue through the rest of the year, but he expects them to climb back up again next year.

February 09, 2012

Two Indian-Origin Men now among top 10 'Heroes' in South Africa

Bangalore: Two Indian-origin men, including a journalist, are among South Africa's 10 heroes who contributed to the public life in 2011. Journalist Yusuf Abramjee and philanthropist Dr Imtiaz Sooliman joined the list, compiled by a newspaper, which was topped by South African Public Protector Thuli Madonsela.

February 08, 2012

$10 Million gift to UCF

Bangalore: The India Group, an association of famous business and professional leaders in Florida, has gifted $10 Million to University of Central Florida (UCF) for New India Studies Center.

February 07, 2012

Indians aiming abroad for even 10% hike

As per a survey by global research company Ipsos on behalf of the Canadian Employee Relocation Council, 2 in 10 employees in the 24 countries that were surveyed consider moving to another country for the right job, a pay rise and other incentives.The countries where people would like to relocate internationally are Mexico with 34 percent, Brazil 32 percent and Russia and Turkey with 31 percent each and Saudi Arabia with 27 percent.

February 03, 2012

10,000 telecom jobs affected due to 2G scam

Bangalore: 2G Spectrum Scandal is to affect 10,000 employees as Supreme Court has quashed 122 telecom licences in the latest verdict. TNN has reported that approximately 4,000 direct jobs and more than 6,000 indirect jobs in the telecom sector shall be trimmed down in telecom sales, customer support, and tower management and maintenance jobs.

February 02, 2012

Another Indian gains top slot in US

Bangalore: Dr.Poonam Alaigh, an Indian American has been appointed to the board of advisors in Perminova, which is a company that develops web-based software for the nation’s leading cardiology centers based in La Jolla, Calif. Earlier she served as the commissioner of the department of Health and Senior services for New Jersey.

January 31, 2012

Mallikarjun Kharge receives "Pride of India" award

Washington: Visiting union minister for labor and employment Mallikarjun Kharge has been presented with "Pride of India" award by the Indian-American community in Washington for his over four decades of public service.The award was presented jointly by the Indian American Friendship Council (IAFC) and India Association of North Texas (IANT) at a reception hosted in honour of the visiting union minister in Dallas over the weekend.

Who is behind 50% of US patents- A study

Bangalore:In a study by Indian Institute of Management, Ahmedabad, more than 50 percent of total patents filed for industrial innovations in the U.S. have Indian brains behind them.A look into the number of Indian inventors in patent applications filed by overseas firms in India and outside in the latest years makes the new trend more clear.

Infosys to invest Rs 600 cr on Indore Centre

Bhopal: Infosys on Tuesday signed an MoU with Madhya Pradesh government committing to invest Rs 600 crore on its proposed unit in Indore which will generate over 13,000 jobs in the state.

January 30, 2012

Retention of Talent a challenge for HR Managers

Mumbai: In a survey by industry experts, pay-for-performance concept poses a challenge to HR professionals who have to formulate a policy that truly rewards performance and boosts employee morale.Its now becoming imperative to see if the rewards and incentives should be financial or non-financial, long-term or short-term or whether a good performance during a particular period has been the result of favourable circumstances like a policy change or not, so that the desired results be achieved through it.

January 29, 2012

Aneesh Chopra quits Obama's administration

Washington: Aneesh Chopra, President Barack Obama's information technology honcho, who was the highest ranking Indian American in the Obama administration, is leaving the White House, to try his hand at politics.While the official announcement gave no reason for Chopra's resignation from White House, the Washington Post citing unnamed Democrats said he is widely expected to announce that he will run for lieutenant governor in Virginia.

January 27, 2012

US Indians among 'Young Arts 2012' Winners

Bangalore: Out of the many winners in the competition, three turned out to be Indian Americans. A total of 5000 students applied for the competition.Apart from these three achievers in the Young Arts competition, nine Indian American students made it to the merit award winners and one student received honourable mention.The winners of the competition were chosen across nine disciplines in visual, literary and performing arts.

It is not about stealing but creating jobs

Davos: With HCL Technologies announcing 10,000 jobs for locals in the U.S. and Europe, India Inc on Thursday chose the WEF meet to send a strong message that Indian IT firms are creating and not stealing jobs in troubled western economies.Seconding the note, British Prime Minister David Cameron's advice to the European Union (EU) that instead of being a threat, the emerging economies like India can be of great help to Europe. Concluding a Free Trade Agreement(FTA) with India by the year-end would be in Europe's interest, he added.

January 26, 2012

Tackling the ' Graduate but unemployable' Syndrome in India

Bangalore: A huge demand-supply mismatch has occured, because of thousands of engineering graduates hitting the Indian job market every year. In prompting academia and industry leaders to make efforts to end this mismatch,
Raghu Bhargava , chairman of the Bangalore chamber of commerce and Industry (BCIC) pointed that sustained
initiatives are needed which facilitate regular interaction and co-ordination supporting small and medium IT and ITes (IT enabled services ) enterprises as this mismatch has occured particularly in the IT sector because of the
low employability.

January 25, 2012

EU to suffer moderate recession in first half of 2012

Brussels: The Economic recovery in Europe is now likely to be postponed until the second half of 2012 as there are several factors pointing towards a moderate recession in the first half of this year.It has also been said that there had been an improvement in market sentiment in the past couple of weeks as the borrowing cost for EU states decreased. A similar prediction or warning has been made from International Monetary Fund (IMF) which says that the 17 nation Eurozone would likely slip into a mild recession which would affect the world economic growth in 2011 from original 4 per cent to 3.3 per cent and will further continue if the Eurozone crisis continues.

India's Growth Projection lowered as Global Recovery Stalls

Washington: International Monetary Fund (IMF) has slightly lowered India's growth projections to 7 percent this year and 7.3 percent in 2013. There is a downward revision in India's growth is because of the financial conditions have deterioted growth prospects have dimmed, and downside risks have escalated worldwide.

Citigroup to lay off 100 employees in India

Mumbai: Citigroup, Global Banking major will lay off 100 employees in the country as part of a global restructing exercise. Citigroup reviews their internal processes to rightsize the organisation for their efficient growth.

Now Job opportunities for nearly 100 million urban poor

New Delhi :The centre after launching employment schemes for rural India has now planned to create new job opportunities for nearly 100 million urban poor. The UPA II has proposed a National Urban Livelihoods Mission (NULM) to address issues related to urban poverty like skill upgradation, entrepreneurhip development and providing credit at affordable rates. The mission will be launched in the 12th five year plan.

January 24, 2012

600 million new jobs needed in next 10 years:ILO

Geneva: Despite Governments efforts the jobs crisis continues with one in three workers worldwide or estimated 1.1 billion people, either unemployed or living in poverty. Director General of ILO, Juan Somavia said that the Global job market in 2012 would require urgent attention, to create 600 million new jobs in the next 10 years.

Wipro unveils cloud solution for HR processes

Bangalore: A cloud based IT solution shall now help enterprise human resources (HR) processes on the Oracle middleware platform. The IT bell wether will offer the product "Wipro Sprint HR" to enterprises as a SaaS (Software as a service ) model on demand, using the Oracle fusion human capital management application to reduce cost and deployment timelines.

January 23, 2012

HCL Learning Launches a Nationwide Program for Educational Institutions

New Delhi: HCL infosystem Ltd which has an education and talent development division with the name HCL learning has announced the commencement of the Learning conclave for Progressive schools. It has started from december 2011 and will cover numerous schools,colleges and coaching institutions in various cities across the
country. The Program will be launched as specific events in each city and representatives from various educational institutions will take part and discuss the usage of IT in the field of education. The events will be held in bigger cities like Mumbai, Jaipur, Mysore, Kota, Bokaro, Shillong and many more.

Indian Education Needs more Flexibility

New Delhi: Srinivasa Varadhan the prize winning Indian mathematician feels that the shortage of top quality mathematician in India could be due to lack of flexibility in education system. Refering to this he suggested, India needed to develop a large number of colleges providing quality education for students earning their first college degree.

CEO of RIM Step Down


Bangalore:There comes a time in the growth of every successful company when the founders recognize the need to pass the baton to new leadership.Jim Balsillie and Mike Lazaridis, Founder and CEO's of Canadian Telecom company Research In Motion resigned to pave new ways to bring in a change to Blackberry phone number. They send it was time for a new leader to take it through that phase and beyond .Thorsten Hiens is likely to become the new president and Chief Executive Officer. He came aboard in 2007 from the industrial conglomerate Siemens AG. Moreover Lazaridis will continue to serve the company as a vice chairman on board and offer strategies to promote the Blackberry globally and Balsille will still act as a member of board of directors.

January 22, 2012

India ranks ahead of China in nurturing Leadership talent

Mumbai: In a study by DDI, a talent management firm, on 'Leadership at the Future's Edge: China and India', has identified that about 60 percent or more of the Indian leaders aremore effective than their Chinese counterparts when it comes to excelling in five critical skills required for successful leadership.The survey spans 2,600 companies in 74 countries. About 76 percent Indian leaders are better at identifying and developing future leaders compared to 56 percent of Chinese counterparts, it points out.

Raju Narisetti new Managing Editor of Wall Street Journal

New York: The Wall Street Journal has named Indian-American journalist Raju Narisetti as Managing Editor of the publication's digital network.He is currently the Managing Editor for The Washington Post, where he oversees the company's digital content products, staff and strategy.Narisetti will also become a Deputy Managing Editor of the Journal.

January 20, 2012

Glenmark Pharma Appoints Sandeep Gupta as COO

Bangalore: Sandeep Gupta has been appointed as Chief Operating Officer and Michael Buschle as Chief Scientific Officer of the Pharma major Glenmark Pharmaceuticals. Mr. Gupta will be responsible for the company's branded generics business and operational aspects including quality , projects, distribution and supply chain for the company. Mr. Buschle will provide strategic and scientific oversight to Glenmark's global drug discovery programmes and Pharmaceuticals development.

Wipro to hire 50 per cent staff for global IT services

Wipro would hire 50 per cent of employees for its global IT services outside India by 2015 to influence the local talent and optimally utilise its delivery centres worldwide.

New Global Chief Operating Officer for UnitedLex

Bangalore: The company announced the appointment of Pavan Vaish as the company's Global Chief Operating Officer. Vaish will oversee daily business operations and will be responsible for managing UnitedLex's business objectives in all geographies. He will also serve on UnitedLex's Board of Directors.

January 19, 2012

India Eyes R&D Shift to Asia

Bangalore: 57 percent of engineering doctorates awarded in the US go to foreign nationals, most of who are from India and East-Asia. The Times of India also reported in 2008 that 34 percent of the employees at Microsoft, 28 percent at IBM, and 17 percent at Intel are Indians.In a study conducted by the National Science Board in the US reported that R&D jobs in the fields of science and technology were being drawn to Asia. The study which collected data over the past decade showed that the US has lost about 28 percent of its high-tech jobs from 2000 to 2010 as a result of its diminishing lead in the field of science and technology.

InMobi Appoints New Marketing Director

Bangalore: Mobile advertising network InMobi announced the appointment of Anita Swan as Regional Marketing Director, Asia Pacific. She will work for the company's marketing strategy for the region alongside the global executive team. Given her extensive regional experience, marketing expertise, and advertising background,she will be responsible for expanding InMobi's marketing efforts in SEA, China, Korea, Australia, New Zealand and India with the local marketing teams in these markets.

January 18, 2012

TCS to hire 15,000 in Q4, to exceed Hiring Target For FY 12

Mumbai: Software major TCS has announced that it will hire approximately 15,000 people in the January-March quarter and addition to it will cross its target of hiring 60,000 for 2011-12 fiscal. According to TCS Vice President and Head (Global HR) Ajoy Mukherjee the Company has already done 51,000 and this quarter they will close
to 15,000 which will lead to the completion of their target of 60,000. As in the beginning of the year, TCS had said it expected to hire about 60,000 people during Fiscal Year 2012.

Uniq Consumer Services to increase Headcount by 1,500 within six months

New Delhi: Customer services firm Uniq plans is to hire 1,500 people for its power circle brand over a period of six months.Uniq Consumer Services founder and Director Nikunj Bubna told media that they have started hiring as they have Plan to start their business sometime in this week and within six months time they are looking to hire 1500 full time employees.It has also been said that 20 percent of the total hired people will be employed for business
development and 80 percent will be for the new Power Circle consumer service section which will not only negotiate with vendors but will also ask to provide discounts to its customers. The company is registering through corporate tie-ups initially in the cities like Delhi, Mumbai and Pune as this service will be provided to limited set of customers but later the service will open for individual customer as well.

January 17, 2012

75 Percent of MBA's Want to Migrate to U.S.

Bangalore: In a survey by Associated Chambers of Commerce and Industry of India (Assocham) over seventy five percent of the B- School students preferred to relocate to the United States for a job. While the other two most liked job locations are the United Kingdom and Australia with 40 percent and 20 percent respectively.The study was conducted to seek opinions of over 500 students from top B-schools in the country.However, over 83 percent of the students, who participated in the survey, acknowledged that they are willing to renounce a fat salary for a job of their preference, as a job profile of their preference will benefit them in their long term career.

Vivek Kundra Joins Salesforce.com as EVP

Bangalore: Vivek Kundra is appointed as the as Executive Vice President of Salesforce.com emerging markets on Monday. Salesforce.com is a global enterprise software company which is best known for its customer relationship management.

January 16, 2012

India's falling percentage of employable grads

Bangalore:Indian youth is showing a terrible downfall in its seriousness towards employment.As compared to last year the percentage has fallen down from 15% to 10% this year, which is way below the average performance.Only At the 105th convocation ceremony of the University of Pune, Goverdhan Mehta, the Chairman of the National assessment and accreditation council (Naac) said that an innovative approach towards raising employability of graduates passing out of the universities with traditional arts, commerce and science degrees is necessary, remarking on the present day 10% employable youth.

New rules by IRDA for agent training institutes

New Delhi: To eliminate non-serious players, the insurance regulator Irda has asked all existing agent training institutes (ATIs) to get themselves registered either as a company or trust by June this year.Only those entities with more than three years of experience in training for financial or insurance products will be eligible for accreditation as institutes for training insurance agents, as per the guidelines of IRDA.

January 15, 2012

India's ranking goes down among world students

Bangalore: In two hour tests that were conducted by the Programme for International Student Assessment (PISA) and the OECD (Organisation for Economic Co-operation and Development), Indian children came out ranking second-last, outrunning only Kyrgyzstan of the 73 countries who participated. The tests that are conducted annually to evaluate education systems around the world consisted of rounds that tested the 15 year olds’ reading, science, and math abilities.The results deduced by experts exhibit that an Indian eighth grader is at par with a South Korean third grader with regard to mathematical skills and a second-grade Shanghai student in reading skills.

 

January 12, 2012

No slowdown in hiring in the state-run oil firms

Bangalore: Regardless of economic stagnation, State-run oil firms are on a recruiting spree. Oil companies like Indian Oil Corporation (IOC) and the Hindustan Petroleum Corporation (HPCL) are intending to hire 1,000 new executives in the year 2012.

Indian IT Cos unaffected from US and European economic slowdown

Bangalore: In a report by Times News Network, IT companies have reported better business in the past year, despite the economic slowdown in the U.S. and Europe.A weak rupee has made India a strong contender in the world market, especially in the domain of exports.According to BPOWatch Indian IT companies will register an increase of about 23 percent in their income by the end of Q-3 in 2012.

January 11, 2012

India Could Be Next Job Hub for U.S. Insourcing Jobs

Washington: American companies are now moving jobs back from countries like China, Japan and Mexico and India could be next as the White House will soon announce incentives for bringing employment to the country.According to the information released by the White House, several top American companies have already started moving their jobs from overseas and the process is likely to gain momentum in the coming months once the new policy is announced.

January 10, 2012

MIT to Launch Free Online Courses for Global Learners

Bangalore: The top U.S. universities are now all set to launch free, online education courses and are also geared up to give stiff competitions to each other. The most prestigious institute of the United States, the Massachusetts Institute of Technology declared that it will soon roll on free online courses globally, and is also planning to award certificates to students after successful completion of the course. On the other hand, Stanford is also set to dispatch its free second semester online tech courses.

January 06, 2012

Planned Job cuts in U.S. decline to 41,785 in December

Chicago : US employers announced a decline in planned job cuts in december to 41,785 the lowest monthly total since june, a report by global outplacement company challenger, Gray and Christmas. The increase in job cuts in 2011 was due to heavy job cutting in the government sector, where employers announced plans to eliminate 183,064 jobs, government job cuts were 188 per cent higher than the second-ranked financial sector, which saw 63,624 job cuts this year.

January 05, 2012

Wildcard names Shashi Kapur CIO

Provider Prepaid Cards and Custom stored -value products named Wildcard Systems announced Shashi Kapur as company's new chief information officer (CIO).Before this Kapur served in senior management and consulting positions
for a number of technology based companies including Biometrics Marketing Tele voice and many more. He is a PhD in computer Aided Design and a BS in Mechanical Engineering from Imperial college of science and Technology London,U.K.His track record in developing and growing technology based companies will serve to complement the continuing success of Wildcast Systems.

January 04, 2012

Yahoo has a new CEO, finally

Fremont: Scott Thompson to become Yahoo's new leader.He will take command on January 9.He previously served as the President of PayPal since January 2008.Thompson has said that he will deliver Yahoo's next era of success by dealing with both Yahoo advertisers and users.

Kingfisher Airlines Mulls Job cuts, longer-work hours

New Delhi: Kingfisher Airlines is believed to be considering about 2,000 job cuts and longer working hours for its Staff among various option.It could also abstain from any major hiring activities at least till august 2012 .It would pay higher incentives and allowances to the staff working longer hours but the move could still help it cut employee expenses drastically as costs could be double for hiring fresh employees.

CIBER's Vir Bhanu replaced by Oracle executive Vivek K Marla

Bangalore: Oracle Executive Vivek K. Marla has been appointed as Senior Vice President in India at CIBER Primary Global Delivery Center. Vivek, the former Oracle Vice President and Head of Oracle Solution Services in India (OSSI), holds 30 years of industry experience in IT field. His 20 years of career track in Oracle offered him different roles which were focused on driving transformational change, strategic focus, business development and talent management.

January 03, 2012

Wipro's Highest Paid Executive Martha Helena Replaced

Bangalore: In a report by ET, Wipro, the tech giant has replaced its highest paid executive Martha Helena Bejar with one of the company’s most experienced person Pinaki Kar, to lead its U.S. subsidiary Infocrossing.According to the report, a senior executive of the company told that this move of replacement was taken with the broader direction to consolidate Infocrossing as part of Wipro’s global infrastructure management business and that Martha will be working till January 15.

January 02, 2012

It's happy New year for hiring ;over 5 lakh new jobs in 2012

New Delhi:As per CEO of Global Hunt, "If all goes well and depending on policies of the Government and market situation more than 5 lakh jobs will be created across all segments."In the coming months job, opportunities are expected to grow exponentially in sectors like retail, healthcare and IT & ITeS, defence, hospitality and consumer durable.

January 01, 2012

Employment in industries rose by 4.1 percent in 2009-10

New Delhi: In India total employment in industries in terms of number of persons engaged has risen byt 4.1 percent and the salaries have grown by 13.6 percent in 2009-10 year on year.

December 31, 2011

Tamil Nadu to recruit 7,000 Teachers for Govt schools

Chennai: Tamil Nadu Chief Minister J Jayalalithaa announced creating of about 7,000 new additional teacher vacancies with a view to ensure the 1:40 teacher-student ratio in Government run schools in the State which would result in the Government incurring an annual expenditure of Rs 181.36 crore.

December 30, 2011

OSHA proposes to fine Texas Employer and $ 1 million for violation

The Occupational Safety and Health Administration (OSHA) has proposed penalities totalling $1,013,000 on Piping Technology and Products Inc for allegedly exposing workers to hazards at its Houstan facility under which 13 willful and 17 serious violations are included.

December 29, 2011

GTL Infra rejigs management; appoints new CO-COO, CFO

Mumbai: Milind Bengali has been appointed co-chief operating officer of GTL Infrastructure, a telecom equipment manufacturer. He has also been re-designated as whole- time Director and co-chief operating officer. Bhupendra Kiny has been appointed as Chief Financial Officer and GTL Infrastructure Chief Financial Officer Prasana Bidnurkar has been re-designated as Head of Corporate Debt Restructing (CDR) and will be responsible for all the matters related to CDR.. The committee formed will consider a fresh scheme of amalgamation with Chennai Network Infrastructure (CNIL) and will withdraw the older scheme with CNIL. Under this scheme there is an exchange ratio of one equity shares of GTL Infra for every four equity shares of CNIL.CNIL was formed as a special purpose vehicle to acquire Aircel's tower assets.

December 28, 2011

HDFC Ltd Chairman Deepak Parekh Resigns from Hindustan Unilever Board

New Delhi: HDFC Ltd chairman Deepak Parekh who is an independent director of Hindustan Unilever Ltd company's board has resigned after more than 14 years of association with firm citing personal reasons.He was also the chairman of HUL's audit committee.The resignation is with effect from December 27,2011.

December 27, 2011

Tata Power appoints Cyrus Mistry as additional Director

Mumbai: Cyrus P. Mistry has been appointed by Tata Power the chosen successor to Tata Group Chief Ratan Tata, as an Additional Director of the company . His appointment has been effective from December 23 and he will succeed Ratan Tata , who retires in December 2012. Mistry is a Director in Tata Sons and Tata Elxsi (India).

India set to be key listing Hub by 2015

New Delhi: India is likely to be among the most favorable listing destinations of foreign companies. The future of equity capital markets is shifting towards the East and in 15 years time India will be set as a key listing hub.

December 26, 2011

NRI hiring to accelerate during january-march quarter

New Delhi: Good news for the NRI's as they were facing employment problems due to the global economic slowdown are set to get better opportunities in India because of the expected increase in the hiring during the next three months in sector such as IT and automobile. The survey conducted on human resource professionals and top resource professionals and top management of 1,929 firms and 1,710 recruitment consultants found the major sectors in all regions of the country have positive hiring plans for the next quarter.

Asia to be largest corporate, i-Banking market by 2015

Bangalore: In a report by Global Consulting Firm Mckinsey and co it was brought to light that the Global Corporate and Investment banks will derive almost half their revenues as much as 45 % or about $790 billion from Asia by 2015 let by India and China from about 33 per cent or $ 442 billion in 2010.

December 25, 2011

Ragdeep Endow new Managing Director of Sapient India

Ragdeep Endow has assumed the position of Managing Director of Sapient India.The company has three offices located in Gurgaon, Noida, and Bangalore.Endow has replaced Karandeep Singh. Sapient Endow is a member of the company's executive leadership team, and before that he was the Global Delivery head . He has got an expanded role and responsibilities in the company to pursue under his new job role.

December 24, 2011

IBM holds the highest share in non-x86 UNIX Server Market in India

Bangalore: IBM has earned the prize for being the top non-x86 in the UNIX market owned by IDC'S Asia/Pacific Quarterly Enterprise Server Tracker,Q3 2011.IDC is on the top in providing services such as events related to IT and Telecommunication and providing business intelligence. IBM has 29.8 percent revenue share during Q3,2011, recording a growth of 8.2 percent since 2010 and the IBM's share in the x86 server market for the third quarter of 2011 is 25.3 percent ,a 9 percent growth when compared to last year.

U.S Tech Firm to set up Branch in Chinese City

Beijing: World's largest wireless semiconductor company Qualcomm has annonced it will set up a branch in Xi'an which is the capital of China's northwest Shaanxi Province.

December 23, 2011

Big gap in the pay ratio between CEOs and other employees

In a study by Economic Times, it was found that top Indian companies pay their CEOs an average of 68 times than its employees. CEO of UnitedHealth Group, Stephen J Hensley topped the list by his take home package that
is 1,731 times more than a typical worker. Following the U.S trend, India is not behind to pay huge amount to CEOs . In the fortune 50 CEOs , two Indians also got their names for getting highest ratio payment . The Chennai born Indra Nooyi, CEO of Pepsico was listed at the 10th place with a ratio of 322:1 and another Indian born American Executive, Vikram Pandit, the CEO of Citigroup is on the 36th position in the list with a ratio of 17:1.In India Jindal Steel and Power, MD Naveen Jindal taking 2000 times than the average salary of the employees and many more like Wipro , Sun tv , IDFC , etc

December 22, 2011

Intel announces new Managing Director

Bangalore: Intel announced Ms.Debjani Ghosh as the Managing Director for its sales and marketing organisation in South Asia. Ms.Ghosh will be based in New Delhi and R.Sivakumar will be moving to a new role within Intel. The change will be effective January 1.

ROLTA Canada Ltd announces New President to drive next phase of growth

Chris Atkinson has been appointed to the position of President of Rolta Canada Ltd.His appointment which is in keeping with Roltas long standing commitment to developing and delivering world class geospatial solutions. In a statement he expressed his excitement for the opportunity and has high aim to contribute to Roltas growth in North America and deliver world-class high value solutions to customers.

December 21, 2011

Former Axis PE CEO joins U.S Based Gerken Capital Associates

Bangalore: Alok Gupta former CEO of the Axis private Equity has been appointed as the senior advisor and managing director of the U.S based Gerken capital associates.

Doubled employee strength with more job opportunities by the Indian E-commerce B2B sector

Indian based online retailer , Snapdeal is a big hit in the e-business . Recently the company appointed 50 IITians 15 from other top internationally formed universities like Stanford and Columbia and will be hiring more IITianson next year. The number e-buyers will be rising to 38 million by 2015 in accordance to this data the online retailers had already doubled the number of staff during this year and is looking forward to increase another half on next year.

December 20, 2011

India lacks Product development: Sabeer Bhatia

Kolkata: In a statement by Sabeer Bhatia, the founder of Hotmail.com, India has failed in world class product development for the software industry though it has tried and done a great job of developing the IT services business.
According to him there is no product that is developed in India for the world market and that is where all the opportunities are. He concluded that if country's software industry has to truly develop it has to create world class products.

Infosys BPO to buy Aussie Firm Portland

Bangalore: India's one of the largest software exporter infosys BPO has signed an agreement to acquire Australia - based Portland Group for AUD 37 million that is approximately Rs 195.44 crore . The group is a provider of strategic sourcing and category management services.

December 19, 2011

IBM to acquire Emptoris after Demand Tec

Bangalore: IBM after buying Demand Tec a SanMateo California - based cloud develope is now ready to acquire Emptoris, a supply chain management analytics specialist. It is based in Burlington, Massachsetts. It has more than 700 employees worldwide and was found in 1999. Conjoining Emptoris with IBM is likely to help IBM deliver better and meet the required specific needs of procurement officers.

HCL to provide Data Centre Services to Astrazeneca

Bangalore: IT major HCL has been selected as a strategic partner of bio-pharmaceutical firm Astrazeneca to provide infrastructure outsourcing services . It is an engagement of 5 years in which HCL will be responsible for managing Astrazeneca's entire data centre environment across over 60 locations globally.

December 18, 2011

WACO- area unemployment drops to lowest level since April 2011

As per the reports by Texas Workforce Commission, the number of people unemployment in WACO has dropped by 700 between October and November 2011, and the jobless rate has dropped by half a point further.

December 17, 2011

SEC outlines Fannie, Freddie charges

The Securities and Exchange Commissions has charged six former top executives at Fannie Mae and Freddie Mac with civil fraud. It was found that they misled the government and taxpayers about risky subprime mortgages, the mortgage giants held during the housing bust.

City's human resources director resigns

Baltimore's director of human resources,Gladys B. Gaskins, who made a salary of $152,680 will step down in January 2012 to pursue new oppurtunities. Gaskins began her career at City Hall in 2004, and got promoted to human resourse director in 2005.

December 16, 2011

New rules proposed to provide FLSA protections to in - Home care workers

The U.S. Department of Labor ( DOL ) is proposing a rule change that would expand minimum wage and overtime protections for many employees in the home-care industry.The proposed rule would affect nearly two million workers who provide in home care services for the elderly and infirm.

December 14, 2011

Employee benefits on cut down stream

Bangalore: In a,'Employee Benefits Study', by Marsh India, an insurance broker and risk advisor company, it has been revealed that Indian companies are increasingly reducing the health insurance benefits of employees because of the increasing cost of medical insurance.As per the survey, Indian companies need to focus on the rising costs of health insurance. It is expected that employee benefits will come down more or will be offered selectively in the next three years.

Optimistic 2012 for jobseekers

In a report on employment Outlook by Manpower it has been revealed that the Indian employers’ hiring intentions are the most optimistic among all 41 countries surveyed.The study that surveyed 4,556 employers across India reported that hiring activity will be quite powerful in the next three months, specifically in the Services sector.The service sectors that offer the brightest hiring opportunities for job seekers in the upcoming three months are the mining and the construction sector, which reported more than 49 and 47 percent of hiring respectively. However, the weakest hiring plans are said to be in the wholesale and retail trade sectors.IT, Banking and Manufacturing companies, especially multinationals and large national corporations, are also planning to hire aggressively in the first quarter of 2012.

December 13, 2011

IT Giants Moving Into Rural BPOs

Bangalore: Founded in 2008, Rural Shores Business Services is one of the largest providers of BPO services out of rural areas, offering jobs to 1,000 educated youth.Attrition rate at rural BPO centres is 3 to5 percent compared to 50 percent at urban centres and operational expenses are 30 to 40 percent lower. This has encouraged many companies to shift to rural areas.In August 2011, Wipro BPO,its first rural BPO centre at Manjakkudi Village in Tamil Nadu, where it has plans to employ 120 people and will begin with a 50-seat pilot project for an international client in the retail sector. Wipro plans to expand its rural BPO operations to 500 seats by March 2013, in Tamil Nadu. In October 2011, Infosys BPO had signed an agreement with the Andhra Pradesh government for rural BPO centres in 22 districts.

December 12, 2011

Over one lakh posts vacant in paramilitary forces

New delhi: More than one lakh posts, including 25,000 in the BSF and 17,000 in the CRPF, are lying vacant in seven paramilitary forces in the country. Home Ministry officials confirmed that the 1,00,883 vacant posts in the paramilitary forces, 74,816 posts are of constables, 22,016 posts are of junior commission officers and 4,051 are of Group A officers.

People movement in RIM , Tata motors and Wipro

New Delhi : Blackberry maker, retail, channels and distribution head for India Sanjay Kaul has quit RIM. It is now learnt that Kaul has taken up a similar role with RIM's competitor, Apple. "Everything to do with iPhone in India will be under Kaul," said an executive. Apple is expecting Kaul to replicate RIM's success of popularising Blackberry devices with Students and non corporate in India.

December 11, 2011

FUTA tax bill spikes for employers in 20 states

Employers in 20 states plus the virgin islands are required to deposit higher than usual Federal Unemployment Tax Act (FUTA) taxes with their Form 940, Employer Annual Federal Unemployment (FUTA) tax return. This has been the result of high jobless rates in US.In many states unemployment insurance trust funds were depleted to continue paying benefits to those who have been out of work.

HRSG awarded $4.3M contract to provide military personnel

Ottawa,Canada (PRWEB): Human Resource systems group,ltd(HRSG) has been awarded a three year contract with the ceiling amount of $4331916 to provide military personnel research to defence research and development.Canada Director
General Military Personnel Research and Analysis (DRDCXDGMPRA) HRSG was the sole recipentof a contract for this work, with the opinion to extend for an additional 3 years.

December 10, 2011

DB Reality names Vinod Goenka as executive chairman

Vinod Goenka has been named as executive chairman and managing director, and sahid balwa vice chairman and managing director of DB Reality, weeks after they were granted bail on charges over Telecom Licences.

GenNext paving way at Kirloskar Brothers

Pune: Alok Kirloskar is set to be appointed managing director of a key international subsidiary of 2600 crore for a Pune based Conglomerate Kirloskar Brothers,paving the way for him to succeed his father and current chairman Sanjay Kirloskar. The 28 year old scion will take over early next year the reins of SPP Pumps , a UK based company that is intended to function as the vehicle for the group's international business which will soon account for half of the total revenue.

December 09, 2011

TALX announces details of 2012 Client Forum

St. Louis:The 2012 TALX client forum is expected to be an excellent opportunity for those in HR,payroll and tax to interact and share experiences, ideas and best practices with each other.The forum will empower them with actionable information and inspire them to help maximize their investments and achieve greater success within their organisations . The upcoming 2012 client forum will take place April 23 to april 25,2012 at the Hilton St.Louisat the Ballpark.

Best practices in reference checking to improve hiring

Wayne, Penn (PRWEB): A skill survey webinar has come up with a discussion on new online reference-checking system that improves hiring strategy by assessing skills and behaviours that scientifically predicts a candidates future success in the position . They will share the best reference checking pratices in this webinar.

December 08, 2011

Average weekly hours down over last two decades

According to data published by the office for National Statistics (ONS),average weekly hours have dropped by 4.7% over the last 19 years.The fall from 38.1 hours in 1992 to 36.3 this year,is because of the higher proportion of people now employed in the service sector where hours tend to be shorter than in other sectors.A rise in part time working has also contributed to the drop in hours worked with 27% of all employment in the UK now part time up from 24% in 1992.

Proper documentation of employee discipline on the go

Recent EEOC stats have proven that workplace documentation is more important than ever . Employers often fear that discipline and termination will lead to lawsuits , and the stats may back that fear.Last year , discrimination charges rose by nearly 7000 and that number is steadily going up this year because employees suffering job loss often feel they were treated unfairly even when their employer had a ligitimate reason for letting them go.

December 07, 2011

Rising protests against increased work timings and retirement dues

An estimated two million workers from all areas of the public service walked out today in protest against government led
changes to make them work longer and pay more towards their income in retirement.The government has argued that the current form of pensions for public sector is unsustainable as the population ages and people are living longer. Unions and the government are expected to continue their battle over changes to public sector pensions in 2012 but
sustained national strikes next year are unlikely, as per the analysis of HR experts.

Expected increase in compulsory council redundancies

The audit commission and local Government association have said that the further job losses at engish councils will be 'inevitable'. About 145,000 jobs have already been lost in local government as the sector fear budget cut, according to the organistaions new joint report. But redundancies would be "inevitable" and whlie many had so far been made on voluntary basis, compulsorily job losses are likely.

December 05, 2011

Misclassification leads to $68,000 in fine

Massachusetts : During site inspections at nine public construction project, investigators of the AG's fair labour division filmed employees performing masonry tasks, such as cutting block or brick with a masonry saw .Payroll records revealed that the masonry workers were misclassified as laborers and were therefore denied prevlailing wages for their trade. The masonry companies and their owners have been ordered to pay more than $68,000 for failing to pay the prevailing wage.

CBSE warns schools against questionable accreditation

Nagpur: A warning letter has been issued to all affiliated institutes regarding private consultants and accreditation agencies that are approaching schools to offer their services. The CBSE is in the final stages of implementing a project which will see schools get accreditation on the basis of both the infrastructure as well as quality of education provided.The board will soon announce the names of empanelled agencies and they will be the only ones allowed to provide their services to schools.

SAP acquires SuccessFactors for $3.4bn

San Francisco: SuccessFactors, based in San Mateo, California, is a big maker of cloud-based human resources applications. The company focuses on applications for managing relationships with employees, such as organizing and developing performance reviews and bonuses.It is the latest move in the escalating rivalry between SAP and Oracle Corp and underscores the increased interest in technology companies that deliver software over the internet, or in the so-called "cloud." The deal calls for subsidiary SAP America Inc to pay $40 per share in cash for SuccessFactors.

December 04, 2011

FDI in retail can create about 80 lakh jobs

New Delhi: Foreign direct investment in retail sector is likely to create about 80 lakh jobs in the country . The decision to raise FDI limits will safeguard the industry . After its implementation lot many of MNC companies are expected to come forward with their practices and policies on a large scale like US-based Walmart.

106 IIT student get placement on day one

Kanpur: Around 106 IIT students got placement offer by several international and national firms on the very first day of their campus placement.There were sixteen companies which visited the campus in which Facebook,Infosys, Microsoft were present.The placement programme shall end on December 22; by then 200 companies are expected to visit and around 950 students are expected to be hired.

Upbeat in employment picture for 2012

Fitchburg: The Bureau of Labour statistics announced the national unemployment rate fell to 8.6 per cent in november, the lowest it's been in almost three years. Lot of employers are hiring with the intention of hiring them full time and there are chances for the firms to expand in the first quarter of the calendar year.

December 03, 2011

Cargill laying off 2000 employees

Minnesota:Cargill Inc will lay off up to 2000 workers that is 1.5 percent of his global workforce because of the challenging world economic condition. The cuts began this week and is expected to continue for the next six months. Cargill is providing affected employee with severance and outplacement support.

Monster Employment Index rises by 10%

A monthly review of inumerable of job opportunities posted on online job boards and corporate career sites in the United States have shown an upward hiring trend in November.It is measured to be around 10 percent, with all metro markets tracked by the Monster Employment Index showing positive annual growth.

US unemployment drops to 8.6%

The US unemployment rate unexpectedly dropped to 8.6 per cent in november . the lowest in two and half years while employment growth accelerated which shows the sign that the uneven recovery has regained some vigour. the surprise fall in the jobless rate, which economists had expected to hold at a per cent,was driven both by stronger job gains in the survey of households and a decline in the number of people in the workforce.

NASSCOM,WADHWANI to offer jobs to physically disabled

Bangalore:Nasscom foundation and Wadhwani foundation have partnered to provide one lakh jobs to physically challenged young adults in Indian IT and BPO companies.

December 01, 2011

Do employers have the right to demand passwords of applicant's facebook account?

Maryland: A recent survey by Telstra has revealed that 20 per cent of bosses check employees' Facebook accounts while at the company.42 per cent of British students admitted that they worried that posts on 'social' sites could harm their chances with potential employers.In a recent application received by an applicant wherein he is asked to reveal his facebook passwords, was a major jolt.Asking for passwords that allow access to private communications is a worrying new precedent. Various online agencies now offer to 'clean' people's online profiles specifically for job applications, to prevent employers 'snooping'.Demanding passwords is a perfect no for everyone.

FDI in retail: more job opportunities for rural youth

Bangalore: The government is likely to have a relook on the proposal that seeks to reserve at least 50% of the jobs in the superstores to the people who have migrated from the villages to the cities in search of job.The proposal was rejected earlier by the committee of secretaries, but it is expected to work out this time.

November 30, 2011

Bharti faces HR challenge

A very unusual challenge for Bharti is being sensed upon eversince it has made an acquisition of zain's Afrion operations. This acquisition is different from its foray in Sri lanka and Bangladesh as zain is a loss making operation and it has been a borderline performer where financials are concerned which will require more people than in normal operations.

More than 700,000 public sector jobs to go in next five years

There has been a sharp increase in the projected number of public sector job losses to be made in the next years according to a forecast from the Office for Budget Responsibility(OBR).OBR says that there is little evidence of permanent decline in the labour market and the unemployment rate is around 5.35 percent .This is considered to be a good news as it suggests that unemployment can fall rapidly if the economy return to a strong growth rate but the bad news can be if the economy growth rate remains the same for some more time, it will lead to a negative pressure on earnings growth across all sector of the economy for coming years as the unemployment will reach 2 million.

November 29, 2011

Nokia siemens may lay off 2,000 employees in India

Nokia is to lay off 20% of the direct workforce as part of global restructing exercise aimed at cutting losses.The company is struggling hard with the rival network companies in recent years.Some industry executives familiar with Nokia Siemens reported that indirect employees ,or those hired from third parties,may get hit first.

IBM to provide HR services for Air Canada

IBM has signed an agreement to provide human resource business process services to Air Canada. It has contracted for nearly eight years with a deal of $ 80 million. IBM will also provide software application support for the HR systems used to provide the services. The services will be delivered by them in Montreal,Canada, Saint John,New Brunswick,Manila,and Philippines.

India in the list of lowest paymasters in the IT sector

The recent study by MyHiringClub.com has given a result that the salaries in IT is not uniformly paid world over. Countries like U.S, U.K, and Canada do pay their IT people really well but the ten countries listed below are considered as lowest paymaster for IT professionals and India, ranks seventh in this category.Th companies are Bulgaria topping the list, Vetnam,Philippines, Indonesia, Thailand, Malaysia,India, China, Czech Republic, Argentina, are amongst others that follow.

November 28, 2011

Philippines new destination for BPOs

Manila: Philippines are witnessing a major spur in its economic development as more and more American Business Process Outsourcing (BPO) companies are investing in the country.India’s slow moving bureaucratic system along with numerous fearful terror attacks have made the global firms to rethink about investing more funds in the IT sector.

Six Indian-Americans among 32 American Rhodes Scholars for 2012

Fremont: Six Indian American students have been named to the Rhodes Scholar Class of 2012 out of a pool of 830 candidates who had been nominated by their colleges and universities. The 32 Rhodes Scholars from United States will join the 83 strong Rhodes class of 2012 from around the world in Oxford next year.

 

November 24, 2011

Emerging trends of 2012 in Education Sector

Foreign universities setting up their centers have emerged as a new trend in the field of education in the country after there was an approval by the Union Cabinet for the foreign universities bill in March 2010.Traditional courses such as engineering and medicine are still in the top, the demand for new educational programs are now picking up. Harvard Business School has announced a new program in its HBS India Research centre in Mumbai, wherein it will provide focus on entrepreneurship, strategic management, innovation and corporate accountability.

November 23, 2011

Indian orphans refused US visas

The US embassy has denied visas to 7 orphans to go to U.S. to represent India in the World Orphans Choir.The selected seven children were deemed the best to represent the country in sharing their stories and culture during a one year United States Tour touring 20 cities, but just two days before their much-awaited departure, the embassy denied them visas shattering the big dreams of the small minds apart.Their efforts spent in rehearsing their part is all down the drain.The embassy says the selected leader and the kids are considered a flight risk and because they are without family ties, they will not come back. The biased commission also fears that they would be adopted. Though kids from other third world nations have been permitted and are in US already.

November 22, 2011

Indian adoptions growing on numbers- fewer foreigners in scene now

There is a very positive news that Indians are now accepting to adopt children and so CARA is promoting in -country adoptions rather than inter-country, so as to keep children close to their cultural roots.

November 21,2011

Ajaypal, the Only Indian in The Businessperson of The Year List

Bangalore: Fortune has picked up big names for the list of leaders that have merged record returns with political activism.Be it social media IPOs, natural gas or cloud computing launches, it has been a testing time for businessmen. Howard D. Schultz, Founder and CEO, Starbucks as the businessman of the year. Jim Skinner of McDonald's, Reid Hoffman of LinkedIn and Andrew Mason of Groupon are few to name that managed to get their names in the list. Among these at the 11th position is Ajaypal Singh Banga, President and CEO, MasterCard Worldwide, only Indian to make to the list.

November 17, 2011

Indian American Appointed CIO of Washington

Bangalore: IIT Mumbai alumni and Microsoft veteran after working for 20 years with them, Bharat Shyam has been appointed the new chief information officer (CIO) of Washington state by Washington Governor Chris Gregoire.

November 16, 2011

India to Constitute 20 Percent of Global Workforce

Bangalore:By 2020, India will have 20 percent of the global workforce and the average age of Indian workforce will be 29 years as compared to 37 for the U.S. and China and 45 years for Europe, according to Minister of Human Resource Development, Communications and IT Kapil Sibal.

Kindle Fire or Aakash- who beats the market?

Bangalore: Tablets for students have been rolled out in U.S and other European countries. Tablets in education will reduce the baggage of the students as all the notes and text book will be replaced by files, data and E-books. In India this craze is about to perk up when Aakash, an android tablet computer will be distributed among students from universities and college. But kindle fire has also paved a way for themselves in the field of education. Kindle fire and Aakash are on the same track, but there are huge differences between them.Lets see who grabs the market share.

November 15, 2011

US becoming less attarctive to Indian students

Bangalore: The number of Indian students for higher education has decreased by 1 percent to a total of 104,000 in the United States for the first time in many years and the number of Chinese students has increased. But the surprising fact is that for the first time, the number of U.S. students in India has jumped by over 44 percent, according to Open Doors annual survey conducted by U.S. International Institute of Education, reports Times of India.

Indian Ocean Rim Grouping Chair given to India

Bangalore: India for the first time became chairman of the Indian Ocean Rim countries grouping at its ministerial meeting in this tech hub.External Affairs Minister S.M. Krishna assumed chairmanship of the Indian Ocean Rim Association for Regional Cooperation (IOR-ARC) at its 11th Council of Ministers meeting here. The regional grouping was set up 15 years ago to promote economic and cultural relations among the 18-member countries.

November 14, 2011

HLL Ties Up With IGNOU For Healthcare Education

Thiruvananthapuram:HLL Lifecare Ltd has tied up with the Indira Gandhi National Open University (IGNOU) to commence two courses in clinical engineering and management, so as to foray into healthcare education.In a press release, HLL said it decided to enter the education sector at a time when country is short of qualified professionals in the healthcare management sector.

November 10, 2011

Hike in salary and bonus

New Delhi: Almost 86 percent employers are planning to hike salary and pay bonus to their employees in the 2011-12 appraisal, but the percentage increase is not very attractive, according to a survey conducted by MyHiringClub.com, a hiring vendor consolidator firm.

Leadership Programmes For Women

New Delhi:Technology giant IBM has announced leadership programmes for potential women leaders in areas like technology and sales to create a pipeline in these career segments traditionally dominated by men.The new initiatives aim to encourage women with technical skills to the workplace and focus on leadership development in technical and sales functions across all business divisions at IBM.

Bharat Goenka receives NASSCOM's Lifetime Achievement Award

Bharat Goenka, Co-Founder and Managing Director of Tally Solutions, the company behind Tally.ERP 9, received the prestigious 'Life Time Achievement Award' by NASSCOM. Goenka was recognized as the "Father of the Indian software products industry," the award was the first of its kind from NASSCOM, the premier software association of the country.

Novemeber 9, 2011

Amazon on hirng spree in India

Hyderabad:Amazon will set up its operations in Hyderabad in a two lakh sq ft facility and provide employment to 3,300 people," Andhra Pradesh Minister for Information Technology Ponnala Lakshmaiah said in statement.The facility would also create a lot of indirect employment in the city.

Quality of Education in India Remains Poor: World Bank

Doha:As per report by a World Bank official, quality of education in the country remains poor even though India is enrolling more students in schools and colleges every year.Though India has some good institutions like IITs and IIMs, they are not as tall as institutions like MIT and Leeds in terms of quality of education provided.Although India has the resources to formulate an efficient education policy, inequality in distribution of resources remains a cause of concern.The World Bank official remarked that India has to go along way to provide quality education besides increasing numbers and has to ensure that experiments in India in the field of education should be able to bear fruits.

November 8, 2011

New Delhi: Switzerland shall be helping the Indian government and corporate sector to run a joint programme to provide vocational training to one million Indians by 2022, the Swiss embassy said on Monday.The pilot programme picked up apprentices from local Industrial Training Institutes (ITIs) and attached them with industries to provide vocational on-job training. The apprentices are provided three to four days practical training in the industry he is attached to, and one or two day of theory classes.So far, 150 youth are enrolled with the programme. The training includes on job skills, vocational skill as well as training in soft skills.

Hiring at Harvard and MIT

Mark Zuckerberg visited Harvard where he once was a drop out.But now he visted to hire. He has decided to recruit two hundred and fifty students from Harvard University and also a similar amount of students from the Massachusetts of Technology.

November 7, 2011,

Decreasing attrition in IT companies

Bangalore: Majority of the IT companies have started witnessing a sharp decline in the attrition levels. It was reported that employees have grown cautious about changing jobs due to the uncertain economic environment.A fear is building up as people are worried that the economic troubles in Europe could increase into a global recession.

Layoffs at AMD-

Bangalore: 10 Percent of Global Workforce shall be laid off as per the sources.AMD shall also terminate existing contractual commitments' in a plan to cut costs. This move came after manufacturing issues impacted AMD's third-quarter revenue.The layoffs are expected to happen by the first quarter next year and will hit workers globally across all functions.

November 04, 2011

iGate, Patni on hiring spree

NEW DELHI: IT firm iGate-Patni has planned to hire about 5,000 persons next year, with most of them being freshers. That will take the headcount over the 30,000-people mark.

Temporary work over permanence

Hong Kong: Asian Job hunters are offering and attracting candidates for temporary jobs in East Asia cities sweetened by the esteem of working for big multinational names.Contract employment in the professional sector is growing across Asia, and recruiters from Beijing to Singapore say that a more eager workforce paired with mounting demand from employers for short term labor is giving companies and workers in the region an increasingly competitive edge in the global professional job scene.

Novemeber 03, 2011

Hiring down by 16%

In a report by naukri.com,hiring activities across sectors witnessed a significant slump in October 2011.The index for the auto sector witnessed a 26 percent dip in October vis-a-vis the previous month, while online hiring by IT software, pharma, oil & gas and banking companies fell in the range of 13 percent to 19 percent.Meanwhile, hiring activities in the telecom sector rose by 19 percent last month.

November 02, 2011

India Ranks Low 134 in Human Development Index

New Delhi: India ranks a low 134 among 187 countries in terms of the human development index (HDI), which assesses long-term progress in health, education and income indicators, said a UN report released. India's ranking in 2010 was 119 out of 169 countries.Sri Lanka has been ranked 97, China 101 and the Maldives 109. Bhutan, otherwise respected for its qulity of life, has been placed at 141, behind India.

Global Cos Plan Large Scale Layoffs

New York: As companies battle the economic slowdown, the employees at large companies in the US and Europe seem to be facing the axe in a major way.More than 1,35,000 job cuts have been announced by just about a dozen multi-national companies in past few months in their efforts to slash costs and those from the financial services space are among the worst hit.However, the employees in India have largely been spared of these layoffs, although most of these companies have significant presence in the country.

October 31, 2011

Tata Global Beverage appoints new Director and Executive Director

Tata Global Beverage has announced Mr. Ajoy Misra as new Director and Executive Director on the Board of the Company for a period of five years with effect from November 01, 2011.

October 25, 2011

CEOs hunt for new jobs as Telecom market goes down

Bangalore:Top six executives of mobile phone companies are hunting for new jobs, signaling bad times for a sector that was once touted as the symbol of India's growth story. Funds have dried up, expansion is on hold, profits and customer additions have slowed. Most companies are battling high debt and inactive revenues. Banks have refused to lend as 3G is making very slow progress.

October 24, 2011

Hiring in Power, transmission firms

Chandigarh: Punjab Chief Minister Parkash Singh Badal allowed to fill 2,251 senior posts lying vacant in Punjab State Power Corporation Limited (PSPCL) and Punjab State Transmission Corporation Limited (PSTCL).Around 293 new posts would be created and 1,958 posts, abolished earlier, would be revived, as per the reposrt provided by concerned officials.

Infosys on way to create jobs in Kerala

Alappuzha: Infosys has planned to invest 800 crore in Kerala to expand operations and expects to generate 10,000 new jobs through this in the next five years, a top company official said.The company has two centres in Thiruvananthapuram and provides employment to 2,100 professionals, as told by Infosys CEO S D Shibulal.He added that Infosys has set a target to to recuit 45,000 persons this year in the country and had already given jobs to 15,000.

October 23, 2011

Younger workforce more satisfied and more ready to quit

New Delhi:In a survey by mercer Consulting, this trend is very popular in Idnai and Singapore.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 organization was also found to be higher than the others.The survey says younger workers being more likely to be pondering an "exit" from their current job.

Google the most attractive employer

Bangalore: In a report by Universum, Google is the most sought employer by the business and engineering students.Other tech companies like Microsoft, Apple, IBM and Intel are also cited as sought-after employers, which specializes in what it calls employer branding, according to the study.

October 21, 2011

A tale of new cities: India's push to industrialize

Dholera- Chotubhai Raghani's fields in a dry, salty strip of Indian coastline on the Arabian Sea never yielded much wheat but he feels like a lucky man now he's started selling them at a juicy markup.He expects his land may one day make way for a car factory or an air-conditioned shopping mall, all part of what may be India's most ambitious infrastructure project ever. Excitement is rising almost as quickly as land prices in his village, one of the sites chosen for building 24 industrial cities from scratch along a 1,483 km (920 mile) railway line.The government plans to build a corridor bigger in land size than Japan, stretching from New Delhi down to the financial hub Mumbai in the west, that could help transform India's economic landscape and give its choked, teeming cities room to breathe. "It's going to change our lives," said Raghani. "We've tilled this land for generations but we only get a small mouthful out of it."

October 20, 2011

Oracle Plans to Hire 3,500 in India

New Delhi : Software major Oracle Corp said it will hire 3,500 new personnel in India across all its businesses by May next year."Oracle has announced an aggressive recruitment drive in India to hire 3,500 employees across all its businesses that support domestic and global customers," the company said in a statement.

Infosys To Add 600 Jobs In Singapore

Singapore: Indian IT major Infosys plans to add 600 employees to its Singapore operations to take advantage of the shift in investments from the United States and Europe to Asia, a newspaper reported on Thursday.


IBM India wins HR excellence award

NewDelhi: IBM India was awarded the prestigious ‘Golden Peacock HR Excellence Award’ for the year 2011 in the IT sector. The award is in recognition of the overall effectiveness of HRand people management practices at IBM, contributing to the needs of the business, profession, employees, industry and the nation, said a press release.The category for HR excellence received 129 applications across different sectors and was scrutinized by a three-tier assessment process by a panel of experts comprising of seven training and management experts. Each application was further reviewed by two assessors independently and then discussed by a special committee for normalization of assessments/ reviews.


India's companies going global

Boston --- Indian corporations are going global. The recent acquisition of Corus by Tata has signalled that some of them are looking beyond the national market and seeing their future as multi-nationals, competing for space in the global economy with the present occupants. International power relations are influenced by the global reach of national capital. Hence the global ambitions of Indian corporations make geo-political sense. Do they also make economic sense? The Tata-Corus deal is the biggest one so far. But a lot has been happening since the finance minister loosened controls on overseas investments by Indian companies in 2003. The volume of overseas acquisitions by Indian companies has grown from around $2 billion in 2004 to $4.5 billion in 2005 and may reach over $10 billion in 2006. Videocon, Bharat Forge, Ranbaxy and other pharma companies, the IT majors and, of course, ONGC are some of the others who have been active.

19th October 2011

Studies: White collar pay raises, higher salaries expected for 2012

Sacramento, CA - Recent studies indicate that many employers are expecting to pay higher salaries in 2012, and offer better raises.According to staffing firm, Robert Half International, salaries for white-collar workers are expected to rise by 3.4 percent in 2012. That's up 2.8 percent from this year, and 2010 where salaries were actually down 0.4 percent.According to Towers Watson, a professional services firm, U.S. employers are planning to increase pay for salaried, non-executive employees by an average of 2.8 percent next year. That too, is up from previous years. A similar study found that employees should expect a 3 percent pay raise next year, as long as they perform.

Monster to Cut 800 Jobs; 2nd-Quarter Profit Drops

New York : Monster Worldwide Inc., the world's largest network of online job-hunting sites, said it will cut 800 jobs, or 15 percent of its staff, after reporting that second-quarter profit fell. The shares rose 6 percent.Net income slid 28 percent to $28.6 million, or 21 cents a share, from $39.6 million, or 30 cents, a year earlier, the New York-based company said today in a statement. Sales rose 20 percent to $331.1 million, missing the $337 million average estimate of 15 analysts.Monster expects the job cuts to save as much as $170 million a year. The company will spend up to $80 million to upgrade technology, such as software that lets employers place more ads without help, to rekindle growth in North American job listings, its largest business, Chief Executive Officer Sal Iannuzzi said.

October 18, 2011

Manpower Has Positive Job Outlook for Lehigh Valley

New York : Manpower has released their employment outlook for the second quarter of 2011, and it's good news this time.Of the companies that they surveyed, 17% plan on hiring more employees between April and June, compared to only 6% planning to cut staffs. This comes out to a "Net Employment Outlook" of 11% as they calculate it. To reach that figure they subtract the percentage of companies cutting staff from the percentage hiring. This positive outlook compares to a negative outlook from the first quarter when the Net Employment Outlook was -2%. This time last year however, employers had the same outlook with a Net Employment Outlook of 11% in the second quarter

Executive Orders Are A Beautiful Thing

Washington : Have those damn immigrant rights people been stirring the pot again, just because you didn't get the Dream Act passed and haven't extended amnesty yet?Tell Janet to announce that we're gonna stop deportation proceedings if our guests, the illegal immigrants meet certain tough criteria like if they attend school, have family in the military or the primary responsible for other family members’ care. Announce that we'll evaluate things on a "case-by-case basis". That should go nowhere Sure, you've on record as saying that you don't have the authority to halt deportations and that you're required to follow the laws as Congress passed them, but that kind of thinking is such 20th century stuff. Janet can blow that away.

October 17, 2011

Nearly 1-in-4 U.S. workers can’t afford vacation: Survey

New York: With summer approaching, demanding work schedules have some workers in the United States foregoing vacation plans this year.Twenty-four per cent of full-time workers said they can't afford to take a vacation in 2011, up from 21 per cent last year, according to a survey by CareerBuilder.Another 12 per cent of the 5,600 American workers surveyed said they can afford a vacation but don't have plans to take one this year.While the majority of workers are planning some time away from work, some plan to take the office with them on vacation. Thirty per cent of survey respondents said they will contact work while on vacation, up from 25 per cent last year.


865 jobs at risk, Blockbuster says

Texas : Blockbuster Inc. said that more than 800 jobs could be slashed depending on the fate of a possible sale of the bankrupt movie and game rental chain.In a Feb. 23 letter to the Texas Workforce Commission, the company said it has told all 238 employees at its Dallas headquarters, along with 627 workers at a McKinney distribution facility, about possible layoffs in connection with a sale of the business.There is no indication from the letter that any layoffs are imminent. Blockbuster officials could not be reached for comment. Blockbuster has about 30 Houston area locations.


15th October 2011

El Paso unemployment rate stays above state, national rates

Texas : El Paso's May unemployment rate remained unchanged from April at 10.4 percent, but the local rate remained well above the state and national unemployment rates, data released today show.The May unemployment rate also is higher than in May 2010 when it was at 9.3 percent, show data from the Federal Reserve Bank of Dallas.An estimated 32,300 El Pasoans were unemployed and actively searching for a job in May, the Texas Workforce Commission reported.Despite the high unemployment rate, El Paso continued to add jobs.

Workplace stress on rise

Calgary – Many Canadians look eagerly each summer to taking a vacation and enjoying the weather or a trip, but studies show a large portion of workers still don’t take their allocated vacation time away from the office. It appears to be leading higher stress and anxiety levels. Robbie Babins – Wagner , CEO of the Calgary counseling centre says the number of requests for counseling services has continually increased for every single month so far in 2011, setting new all time – records in the first six months of the year.

 


October 14, 2011

For Hourly Jobs, White-Collar Perks

New York :Turck Inc., a manufacturer of automation equipment, is considering allowing its front-line factory workers to do something unlikely: work from home.The Plymouth, Minn., company, which has 400 workers, has been seeking ways to give its employees more control over their schedules. One idea, allowing workers to do some tasks from home—a white-collar perk that has largely eluded factory workers—could help keep retention and employee-satisfaction rates high, the company says."We have a lot of products where literally you just need to sit there and put a label on. Honestly, it can be done anywhere," says Dee Comeau, a production supervisor.

The Industries That Are Looking for Workers

New York : The job market is tough for many. But people still need others to repair their cars, do their accounting, fix computers, write apps and even sell them things. And there's been more growth in opportunities for those occupations than others, according to online job postings. "At some point, companies had to make the decision to move forward with their technology projects. There are certain areas like security and privacy that have to be maintained if they are going to run their business," says Jeff Quinn, a senior director of research for Monster Worldwide.

October 13, 2011

India-US education summit- A fortune mark

Washington:The Education summit being held today shall be a part of continuing effort to promote academic exchanges between the two countriesThe objective of the summit is to further strengthen higher education collaboration and exchange between institutions in the United States and India through exploration of topics of mutual interest such as joint degrees, research partnerships, accreditation and quality assurance.In addition, the summit will highlight the importance of education as a pillar of the U.S.-India Strategic Dialogue and set forth goals for deepening this aspect of our bilateral relationship in cooperation with the many excellent institutions of higher education in both countries.

October 12, 2011

India in labour shortage

New Delhi:According to the study by the Federation of Indian Chambers of Commerce and Industry (FICCI), the government’s Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme has created talent gaps.The organization noted that this program has pushed up wage costs by more than ten per cent placing an increased burden on production, apart from creating jobs for countryside people.

UK unemployment jumps to highest in nearly 17 years

The number of unemployed in Britain has jumped to its highest level since 1994 as private companies failed to make up for the job losses in the public sector, fearing that the country may slip into recession. The increase in jobless numbers is likely to put more pressure on the government to boost the economy, which has barely grown over the past year as consumers have cut back spending.

October 11, 2011

Wall Street Shrinkage

New York : New York City's securities industry could lose nearly 10,000 jobs by the end of 2012, New York state's comptroller predicted, a painful blow to the area's economy and government budgets.In a report set to be released Tuesday, Comptroller Thomas P. DiNapoli also said bonuses are likely to shrink this year, reflecting lower profits on Wall Street.Since January 2008, the securities industry in New York has seen 22,000 jobs evaporate. If Mr. DiNapoli's prediction of 10,000 more jobs losses between August 2011 and year-end 2012 comes true, that would represent a decline of 17%. About 4,100 jobs have been eliminated since April, and deeper cuts are widely seen as inevitable given a recent flurry of corporate expense-trimming announcements.

Obama Pushes for Jobs bill

Washington : President Barack Obama, fearing his $447 billion jobs bill will falter in Congress, signaled Thursday that he would push for separate votes on each part of the legislation as a way to ratchet up pressure on Republican lawmakers."I promise you, we're going to keep on going, and we will put forward maybe piece-by-piece each component of the bill," Mr. Obama said during a White House news conference. If Republicans vote against individual elements, the president said, "each time, they're going to have to explain why it is that they'd be opposed." While the full jobs bill is likely to fall short in the Senate, Democratic leaders and the White House hope some parts could pass, among them a payroll-tax break and an extension of unemployment-insurance benefits.The legislation has become a subject of partisan skirmishing. Senate Republicans have called for a vote on the whole bill, aiming to embarrass Democrats by demonstrating some in their party won't back the president. Senate Majority Leader Harry Reid (D., Nev.) has put off a vote, giving him time to make changes to build Democratic support.

October 10, 2011

Strike at Suzuki Power train affects Maruti Suzuki's Production

Gurgaon : The country’s largest car-maker Maruti Suzuki India today said the production at its plant in Gurgaon has been impacted due to strike at Suzuki Powertrain India Ltd (SPIL), which supplies engines to MSI.The production loss is estimated to be around 1,000 vehicles a day at the plant due to the ongoing labour unrest. “Supply of diesel engines and also transmissions from Suzuki Powertrain India Limited (SPIL) has stopped. As a result, the company’s (MSI) Gurgaon plant is likely to produce around 1,800 vehicles today (against the normal 2,800 units),” MSI said in a statement.

Is the Indian Army really open to women

New Delhi : At first glance, it seems that the Indian Army is making progress in recognizing the contribution of women in its ranks. For the first time ever, on its 65th Independence Day, India honored a female soldier with a gallantry award for her role during the 2010 attack against the Indian embassy in Kabul. And last week, Shanti Tigga became the first woman to qualify as a combatant in the Indian army after doing exceptionally well in her physical tests.But the chances Ms. Tigga will actually be involved in combat any time soon are actually pretty slim. For now, she will mainly be involved in support duties, an army official told India Real Time. She joined a regiment of the Territorial Army, which recruits volunteers with the aim of helping the Regular Army. TA volunteers are rarely involved in combat duties.

October 6th, 2011

The Apple Chairman Steve Jobs passes away.

The Apple chairman and former CEO who made personal computers, smartphones, tablets, and digital animation mass-market products passed away on October 5th, 2011 after a long struggle with pancreatic cancer. He was just 56 years old.During his more than three-decade career,Mr. Jobs proved the appeal of well-designed products over the power of technology itself and transformed the way people interact with technology."The world rarely sees someone who has had the profound impact Steve has had, the effects of which will be felt for many generations to come," Mr. Gates said in a statement .

Strike Balance between child rights and traditional skills : Khurshid

New Delhi : Calling for striking a balance between preserving traditional skills and ensuring protection of rights of the child, Salman Khurshid, the Union Law and Justice Minister, on Thursday said the biggest challenge was to persuade the children involved in traditional skills to join the mainstream without alienating them from family talents.Citing the example of carpet-weaving in Uttar Pradesh and Jammu and Kashmir – where world's best carpets are made – Mr. Khurshid said if such traditional skills were to be preserved, a child needed to be trained to be a skilled craftsperson. “These skills are not taught in [the] Indian Institutes of Technology or any other professional institutions.

BBC slashing 2000 jobs amid budget cuts

London : The British Broadcasting Corporation(BBC) said on Thursday it is to cut around 2,000 jobs as the publicly-funded broadcaster makes savings as part of government efforts to reduce a record deficit. Director General Mark Thompson told staff that the posts would be axed by 2017 as the BBC must make budget cuts of 20 percent following a freeze in the licence fee, which all Britons with a television must pay. The cuts were formally announced in BBC's "Delivering Quality First" report, which follows a nine-month consultation with staff on how to save money. The report said it would involve "the most far-reaching transformation in our history. This involves painful choices for the BBC, including significant job losses at every level of the organisation."

October 05, 2011

Omar Rejects opposition demand for resignation

New Delhi : Facing heat over the custodial death of a political worker, Jammu and Kashmir Chief Minister Omar Abdullah on Thursday rejected the Opposition PDP demand that he resigns as he may influence the judicial probe.“How is it possible? The judge who will be inquiring the case will not be answerable to my government. Where does the question of influence arise?, Omar told reporters here when asked about the PDP demand.“Moreover, it is in the best interest of me and my government that truth and only truth should come out,” the Chief Minister said, adding “I will be deposing before the Commission and answer each and every query.”

Rahul is going to be a new leader , says Pranab

New Delhi : Rahul Gandhi is going to be a “new leader” of the Congress, Union Finance Minister Pranab Mukherjee said on Tuesday.“So far as the Congress is concerned, the party is always having a new leadership. Rahul Gandhi is going to be a new leader,” he told journalists here, replying to a question whether it would follow the BJP in focussing on new faces as future leaders.“What the BJP is doing is their internal matter,” the senior Congress leader said, adding he would not like to comment on the internal problems of that party involving L K Advani or anyone else.

October 04,2011

Despair and resignation in Greece as more pain looms

Athens -They will turn out in their thousands, but despite escalating rhetoric and the prospect of unrest, Greeks express little hope that their public expressions of outrage can change their fate. With news on Monday that the recession will last at least a fourth year -- and the government promising ever tougher reforms that will bring even more hardship -- labour unions have vowed to call Greeks out into the streets.Girls at university studying cosmetics and project management, have little hope of a job in those fields when they graduate. The best they can find now is temporary work in the summer, waiting tables or handing fliers to tourists.

Microsoft CEO bonus lags on phone, tablet results

Washington : The long-time CEO, who took over from Bill Gates in 2000, has been a lightning rod for criticism of the former technology leader's static share price. One prominent shareholder called for his ouster this year, but he shows no signs of stepping down.Last year, Ballmer also received a bonus equaling his salary, and was faulted for the failure of the Kin phone and keeping up with new forms of computing.Microsoft's latest filing said Ballmer's performance review for fiscal 2011 -- which ended June 30 -- took into account lower than expected sales of Windows Phone 7 software and "the need for further progress in new form factors," a reference to Microsoft's inability to counter runaway sales of Apple Inc's iPad.It also pointed to a 2 percent dip in sales at its key Windows unit, which was in line with global personal computer sales, but also shows that Apple's tablet is starting to eat away at the core PC market.

October 03,2011

Sudhir Vasudeva a new CMD of ONGC

New Delhi:-The government on Monday appointed Sudhir Vasudeva as the Chairman and Managing Director of State-owned Oil and Natural Gas Corporation (ONGC). Mr. Vasudeva, 57, is currently Director (Offshore) in ONGC.The orders for the appointment of Mr. Vasudeva, who was selected by the Public Enterprise Selection Board (PESB) in interviews on October 19 last year, were issued by the Oil Ministry late Monday evening, a top government official said.This follows Prime Minister Manmohan Singh approving of the appointment after Central Vigilance Commission (CVC) gave final clearance on all complaints received against Mr. Vasudeva. Mr. Vasudeva will head the nation’s highest profit making firm till his retirement on January 31, 2014.

Google Ranked one of the most attractive employer again

New York : Internet search giant Google has been ranked as the best company to work for by management and engineering graduates in two separate surveys, which term the company the world’s “most attractive employer” of 2011.According to the survey conducted by global employer branding firm Universum, Google has been ranked at the top of its 2011 list of the top 50 global businesses and engineering companies to work for - the third year in a row.“For the last three years, we have been seeing Google leading the pack and it will take a strong player with a clear talent strategy to steal this number one spot,” Universum Head (Research and Consulting) Lovisa Ohnell said.The search giant has been dubbed the most attractive employer by more than 160,000 people from Brazil, Canada, China, France, Germany, India, Italy, Japan, Russia, Spain, the UK and US looking for the right place to work.

October 01, 2011

Retirement system Reform pushed by Barbour

Washington :The retirement system public employees of the state is being requested to be reformed, as suggested by Governor Haley Barbour.According to Governor Barbour, the retirement system is currently underfunded, which amounts up about forty percent and is paying out supplementary benefits compared to what it structurally is placed for.
The Governor expressed that the system should be carefully looked at, feeling that the retirement system of the state’s public employees is on the course directing to concern. The primary matter is the long term subject to be certain that the system is sustainable and not the short term.

Several US States Diminish Unemployment benefits

New York : A recent report presented by the National Employment Law Project stated that some states in the country are creating quick cutbacks in Unemployment insurance benefits.This also is hastening the quantity of people who are unemployed running out of assistance from the government.The cutbacks were decided because some of the unemployment insurance funds of the states are facing bankruptcy, which forces them to borrow more cash from the fed. By the end of July, a total of $40 billion was borrowed by states in paying for those benefits and paying the interests will start on September 30.

September 30, 2011

SC directs army to reinstate 11 women officers

New Delhi: The Supreme Court today directed the army to reinstate 11 short service commission women officers who had been released after completion of 14 years in service. The apex court asked the army to take the officers back from September 12 continuing their service from the date they joined. A bench of justices J M Panchal and H L Gokhale said the order reinstating them would be subject to the outcome of the appeal filed by the army against the March 12, 2010 judgment of the Delhi High Court. The high court had earlier directed it to grant permanent commission to 11 serving women officers, who had filed a petition.

Sony Ericsson appoints P Balaji as MD

New Delhi: Sony Ericsson announced the appointment of P Balaji as the managing director of the company's India operations, effective from July 1, 2011. In this role, Balaji will help in establishing Sony Ericsson's leadership position in the Android market and work closely with operators and distributors in India, the company said in a statement. "Balaji has an excellent experience and understanding of the India telecommunications market. He will play a key role in Sony Ericsson's long term growth ambitions in the region, by bringing our Android-based Xperia smartphones to the Indian market and further strengthening relationships with local operators, retailers and consumers," Sony Ericsson Head of Region Asia Pacific Matthew Lang said. Balaji joins Sony Ericsson from Ericsson India, having last held the role of Vice President - Business Development, Corporate Affairs and Communications.

September 29, 2011

NetCore CEO Abhijit Saxena quits

Mumbai: Software solutions provider NetCore Solutions Chief Executive Abhijit Saxena has resigned and announced the launch of his own venture called Mobilox in the mobile marketing space early next month. NetCore Chief Operating Officer Girish Nair willsucceed Saxena and will takeover from October 1, a source close to the development said. "I have put in my papers as I wanted to start my own venture, Mobilox, that will focus on developing solutions for creating mobile marketing as a powerful medium of marketing for customers," Saxena told PTI. The new company will be operational from October 1, he said. Saxena who joined NetCore in 2007 had been instrumental in developing consumer and enterprise solutions for mobility, the Internet and email services.

IndiGo announces Muscat, Dubai operations

Dubai: Low cost air-carrier IndiGo has flagged off its maiden foray into the international market with the launch of flights to Muscat and Singapore and plans to further expand its operations to touch down in Dubai and Bangkok from early next month. While round-trip Mumbai-Muscat-Mumbai flights will only commence from October 10, the carrier has already launched four flights a week between Muscat and Mumbai, which will leave Muscat on Tuesday, Thursday, Friday and Saturday. The same flight will continue to Singapore after a brief stopover in Mumbai. Mumbai-Muscat flights will be on Monday, Wednesday,

September 28, 2011

IRS Launches Voluntary Compliance Settlement Program for Misclassified Workers

London : The Internal Revenue Service (IRS) announced that it was launching a new Voluntary Compliance Settlement Program (VCSP) that will enable employers to resolve past worker classification issues by paying a small amount of tax in exchange for reclassification of contractors as employees on a forward-going basis.See IRS Announcement 2011-64. Employers are not obligated to reclassify all independent contractors, but may elect specific workers. For example, a construction contractor that uses drywall installers, plumbers and electricians as independent contractors may decide to reclassify the drywall installers as employees. It can submit an application solely for the drywall installers without addressing the plumbers or electricians.According to IRS Commissioner Doug Shulman, "This settlement program provides certainty and relief to employers in an important area. This is part of a wider effort to help taxpayers and businesses to help give them a fresh start with their tax obligations."

Anil Ambani's reliance group firms in stake stale talks

MUMBAI - Indian billionaire Anil Ambani's Reliance Group is looking to sell stakes in its telecommunications, asset management and general insurance businesses, as it seeks funds to pare debt which has been weighing on its performance.Mr. Ambani, who spoke at separate annual general meetings of Reliance Communications and Reliance Capital shareholders, didn't elaborate on specific plans for the general insurance business.Shares of Reliance Communications and Reliance Capital rose in a firm Mumbai market. Reliance Communications closed up 3.8% at 80.95 rupees while Reliance Capital gained 1.3% to 394.50 rupees, after rising 5.7% intraday. The benchmark Sensex ended 3% higher. While Reliance Communications Ltd. is in advanced talks with many investors to sell a stake in telecom tower unit Reliance Infratel Ltd., financial services firm Reliance Capital Ltd. is in discussions with Japan's Nippon Life Insurance Co. for a similar deal in Reliance Mutual Fund, Chairman Anil Ambani said Tuesday.

September 27, 2011

BAE Systems job cuts confirmed

Yorkshire : BAE Systems has confirmed it is to make 3,000 job cuts as it struggles with a slowdown in orders for its aircraft and other technology.The defence firm, which has 40,000 UK employees and 100,000 globally, will make the 2942 reductions from 13 of its main UK sites. The biggest losses will be at Brough in East Yorkshire, where 899 jobs out of 1300 will go, while 565 posts will be lost at Samlesbury, Lancashire at 843 at Warton, also in Lancashire. Other sites affected include Farnborough in Hampshire, Yeovil in Somerset, Filton near Bristol, Frimley in Essex and Christchurch in Dorset. Reports of the jobs axe first surfaced in the press at the weekend, but the details were confirmed to staff today. Delays in likely export orders for the Eurofighter Typhoon, which is assembled at the Warton site, are the biggest factor behind the reduction in numbers, as countries around the world rein in defence spending.

UK workforce ‘creaking under the strain

London : UK employees are becoming increasingly dissatisfied with their lot as employers seek to ‘do more with less’, research has suggested. More than six in ten (62 per cent) of working people say their workload has increased in the last year without them receiving extra reward, according to the annual World of Work survey from recruitment firm Randstad. However, 79 per cent believe there is little or no spare capacity in their workforce to achieve more. Over one in three (36 per cent) are not satisfied with their job and want to leave, while 7 per cent are so desperate they are considering leaving even if it means taking lower paid work. High achievers in key positions - those earning more than £52,000 and working more than 40 hours a week – were most likely to say they want to move on.

September 26, 2011

Delhi University To Recruit 2,860 Teachers

New Delhi : Delhi University, which has been reeling under shortage of teachers since the implementation of 54% reservation for students of the Other Backward Classes (OBC) last year, will recruit 2,860 permanent teachers soon in undergraduate courses across all colleges of the university. Sinc e the number of students has increased due to OBC reservation; colleges needed permanent teachers to address the increased class strength. Also, with the university implementing the semester system in humanities and commerce courses this year, the workload of teachers will increase. So, the sanction of these permanent positions from the government has been timely," said vice-chancellor Mr. Dinesh Singh. The university is planning to start the recruitment process by June this year.

Rising Wages To Erode Global Competitiveness

Mumbai : With over 72% decline in strikes and lockouts in 2010 over previous year, labour unrest was at its lowest and the industrial relations climate remained peaceful and cordial in 2010 says the Economic Survey. Strikes and lockouts declined from 349 in 2009 to 99 in 2010, the Survey said. This was possible due to constant endeavour of the industrial relations machineries of both the Centre and the states. On the employment front, the Survey said India was able to withstand the adverse impact of the global crisis and generate employment since July 2009 as reported in the quarterly quick employment surveys conducted by the labour bureau. During the quarter July to September 2010, the overall employment has been estimated to have increased by 4.35 lakh. A comparison of the results of the last four quarterly surveys—September 2010 over September 2009—indicates that overall employment has increased by 12.96 lakh, with the highest increase of 9.36 lakh in IT/BPO was followed by textiles, metals, automobiles and gems and jewellery.

September 24, 2011

Companies Plan To Increase Hiring As Confidence Grows: PwC

London : According to a survey by PricewaterhouseCoopers, companies worldwide plan to step up hiring in the next 12 months as confidence among chief executive officers rebounds to pre-crisis levels. Fifty-one percent of the CEOs plan to add jobs during the next year, compared with 39 percent a year ago, PwC said in its 14th Annual Global CEO Survey of 1,201 executives in 69 countries conducted in the final quarter of 2010. Sixteen percent of managers plan to axe their workforce, down from 25 percent last year. The rising confidence comes as the financial and economic elite gather this week in the Swiss ski resort of Davos for the annual meeting of the World Economic Forum. In the PwC poll, 48 percent of CEOs said they were “very confident” about growth in the next 12 months, compared with 31 percent last year, and approaching the 50 percent level reached in 2008 before the outbreak of the global economic crisis. “CEOs have emerged from the bunker mentality of surviving the recession,” said Mr Dennis M. Nally, chairman of PwC International.

Obese Employees Take More Time Off Work

London : Obese employees take more illness leaves than their slimmer colleagues, a new UK study has revealed. The results of the study showed that obese workers took four more sick days per year on average than those of a healthy weight. Since obesity is known to increase the risk of many chronic diseases, including cardiovascular disease and type 2 diabetes, it is perhaps not surprising that fat individuals would need more sick leave, especially in the form of long-term absences. The researchers have hoped that the results may inspire employers to encourage their employees to lose weight.

September 23, 2011

BBC To Slash 650 Jobs After It Closes Five World Services

New York : The BBC World is to slash up to 650 jobs, after it announced the closure of its five international services - a move planned to save the corporation more than 46 million pounds a year. The five services to be axed are Albanian, Macedonian, Portuguese for Africa, and Serbian, as well as the English for the Caribbean regional service, according to a statement from the BBC World. BBC Global News director Mr Peter Horrocks said that the closures weren’t a reflection on the performance of individual services, but were needed because of the scale of the cuts to its grant from the UK Foreign and Commonwealth Office. “It is simply that there is a need to make savings due to the scale of the cuts to the BBC World Service’s Grant-in- Aid funding from the UK’s Foreign & Commonwealth Office. We need to focus our efforts in the languages where there’s the greatest need and where we’ve the strongest impact,” he said.

Indian Corporate Houses Looking To Hire Foreign Managers

New Delhi : Top firms in the country increase the ratio of foreign employees in their staff as they look to address protectionist lobbies and position themselves as 'job creators' in the markets they serve. Mahindra Group is hiring managers from overseas stating, it wants to master the complex technologies in their businesses ranging from automobiles to the making of aerospace. IT firms like Wipro, TCS, Infosys has always been hiring foreign employees at lower level. Globalization of the Mahindra Group has opened routes for Indian executives who were sent to the markets of U.S. and China. Mr Alberto Strazzary, an engineer who has worked in companies like BMW and Ducati, is heading a project to bring cutting edge design to Mahindra's two-wheeler business, which is dominated by giant rivals Hero Honda and Bajaj Auto for several years. Mr Peter Schmidt and Mr Gabriel Periotti have also been brought on board to make the technology meet European standards. The group has a total workforce of 1.17 lakh, out of which 9600 are non-Indians. Of its total revenues worth $7 billion, almost 10 percent come from global markets. While TCS aims to double its foreign workforce from the current one over the next few years, Infosys and Wipro could see non-Indians account for 10-15 percent of their total employee base in three to five years time, from around 5 percent now.

September 22, 2011

Government To Create More Jobs For Dentists

New Delhi : The government is planning to create more job opportunities for dental professionals to provide employment to fresh graduates in the field, Health and Family Welfare Minister Ghulam Nabi Azad said. “India is number one in the world to have so many dental colleges, both in private and government sector. Every year, around 20,000 students pass out from these colleges. This area would certainly get saturated at one point, so we have to find more ways and means to create more employment opportunities,” he said. “We are planning to create more job opportunities for dentists in the hospitals at districts and block levels. Our health ministry is trying to formulate plans about how to absorb dentists at the lower level. It will be a win-win situation for everyone and will take care of the problem of educated unemployment in the country,” he added. He also emphasised the vast scope of dentistry in the country.

UBS Changes Its Much-Mocked Dress Code

Berne : Swiss bank UBS is changing its dress code after getting bluntly mocked for suggesting employees wear skin-colored under garments and avoid garlic breath. The bank says it is whittling down its 44-page style guide to a more modest booklet that will concentrate on how to impress customers with a polished presence and a sense of Swiss precision. Mr Andreas Kern, the bank’s spokesperson, said it is "reviewing what is important to us." The original code instructed women how to apply makeup and which perfume to wear. Men were told how to knot a tie and to avoid unruly beards, garlic breath and earrings. Mr Kern declined to say if the revised dress code will still suggest skin-colored under garment for women and wristwatches for all to signal trustworthiness and punctuality.

September 21, 2011

Ex - ISB employee arrested for siphoning off 79 lakh

Hyderabad: Police on Tuesday arrested former Indian School of Business (ISB) employee Mustaq Sultana and her sister for siphoning off Rs 79 lakh from the B-school.Mustaq Sultana , 35, had joined ISB at the prestigious Business School, she transferred Rs 79 lakh into her younger sister' s bank account.Explaining the modus operandi of the fraud, Raidurgam inspector M Ravi Chandan Reddy said the assistant manager had first opened an ICICI Bank account in her sister Zahira Sultana's name in 2008. After opening the account, Mustaq started depositing huge amounts into that account in the name of guest faculty fee.

Citi Chief Vikram Pandit Wins A Big Pay Deal

New Delhi : Mr. Pandit earned a token annual salary of $1 as he steered Citigroup back into the black over the last two years. Citi’s board awarded him as much as $16.5 million in stock and options as well as a cash payment valued at more than $6.65 million as part of a special profit-sharing programme for top executives.The payouts will be spread over the next four years and are subject to Pandit’s meeting certain performance goals. They will be in addition to his regular salary and annual bonuses. The announcement comes as Citigroup recently posted its fifth consecutive quarterly profit and completed a reverse stock split that, with the stroke of a pen, ratcheted its share price to more than $40 from $4.Just three short years ago, Citigroup was in such dire straits that it twice needed to be rescued by the government. With the bank receiving more than $45 billion of federal aid, questions swirled about whether Mr. Pandit would remain at the helm. The large retention award seems to put those questions to rest.

September 20, 2011

Internet Creates 2.4 Jobs For Every Job It Destroys

Mumbai : The Internet, which has transformed the way we live, work, shop and socialise, is also emerging as a powerful catalyst for job creation, says a survey by global management consultancy McKinsey. According to a report by McKinsey Global Institute, the Net has a sweeping impact on growth, prosperity and has “created 2.4 jobs for every job that it has destroyed”. “While jobs have been destroyed by the emergence of Internet, many more have been created during the same period, including jobs directly linked to the Internet, such as software engineers and online marketers as well as more traditional jobs — logistics to deliver online purchases,” it added. McKinsey examined the impact of the Internet in 13 countries — the members of the G8, Brazil, China, India, South Korea and Sweden. In the 13 countries that the survey covered, the Internet contributed an average 3.4 per cent to the GDP, more than agriculture, energy and other better established industries.

Ma Foi Sees Huge Job Opportunities In Healthcare Sector

New Delhi : The Indian healthcare employment scene has been on the upswing compared to the global markets. In 2010, the sector saw 33,77,652 jobs created in the country and by this year-end, a total of 36,26,152 jobs with at least 15 per cent wage inflation is expected. Biotech companies, health insurance companies, hospitals, diagnostic laboratories and pharmacies are hiring as well. With over 4.7 million professionals in demand over the next 10 years the sector is a consistent employer. Penetration of health insurance, setting up of new healthcare facilities in tier2 and tier 3 cities( which are opening up new avenues for employment generation), growth of medical tourism for alternative therapies like Homoeopathy and Ayurveda are also providing new job opportunities.

September 19, 2011

IDBI Bank, Indian Army Ink MOU For Banking Services

New Delhi : IDBI Bank today signed a memorandum of understanding (MoU) with Indian Army under which the bank would offer a wide range of services and products and a customized defence salary account. The MOU was signed by the Indian Army's Lt General S P Kochar and IDBI Bank's Chairman and Managing Director, R M Malla, in New Delhi, a press release issued here stated. "It's an honour for IDBI Bank to be associated with the Indian Army. Under this MoU, IDBI Bank will install ATMs and also open branches at select locations approved by the Indian Army for benefit of its personnel. IDBI Bank has designated dedicated officers to service the banking needs of defence personnel at such branches," Malla said. IDBI Bank will offer salary accounts to army personnel without any charges. Other benefits attached to defence salary accounts include free usage of ATMs, preferential allotment of safe deposit lockers, free accident insurance, free financial advisory services among others. The gallantry award winners, war disabled army personnel and war widows would be allowed a special discount of 0.75 per cent on home loans, the bank said.

Inflation Hits Household Saving Rates By 45%

Mumbai : Household savings of an average employee in the metros has come down by 45 per cent in the last six years due to the exorbitant increase in the prices of essential commodities, fuel, education, burden on housing loan installment and increase in health insurance premium, an Assocham survey has revealed. Majority of the respondents said that they have been falling behind financially and their standard of living has deteriorated. The survey was conducted under the aegis of Assocham Social Development Foundation (ASDF) in which over 5,000 employees took part. In the last six years, the salary of the common man has gone up by 30 per cent but on the other side the discretionary spending has shrunk by 35 per cent. The survey highlighted that the per capita income of an average Indian estimated about Rs 46,000 per annum in 2009-10 went up by Rs 8,000 in 2010-11, amounting to Rs 54,000 per annum. The Assocham adds that the rise in inflation and per capita income was utterly disproportionate.

September 17, 2011

Foreign nurses set to lose jobs in Saudi Arabia

Dubai : Saudi Arabia has announced plans to localise nursing jobs in medical facilities across the country, a move that would lead to foreign nurses, including many from India, losing their jobs. A circular issued to its administrative units by the Ministry of Health (MoH) of Saudi Arabia indicates that contracts with foreign nurses who have completed 10 years of service will now be terminated, a report in The Saudi Gazette said. However, specialists in the fields of hemodialysis, emergency and ICU medicine who cannot be immediately replaced by Saudis will be retained, the report said. The localisation plan does not apply to nurses working for primary healthcare centres in remote areas unless a capable Saudi replacement is found. The report quoted an official source at the ministry as saying that it has been made obligatory for administrative units to strictly abide by these guidelines. The ministry's plan ensures the replacement of foreign nurses gradually and plans to localise 300 senior nursing jobs in the next three years. Indian doctors, nurses and paramedical staff are high on demand in Saudi Arabia where 1.6 million Indian expatriates live and work.

Maruti to start recruiting new workers

New Delhi: Encouraged by support from Haryana labour authority and its parent Suzuki Motor Corp in the ongoing tussle with workers at the Manaser plant, Maruti Suzuki India is understood to be planning to recruit new permanent employees to replace the existing ones. With no signs of an end to the standoff that started on August 29, the company has decided to give the current workers time till Monday to sign the "good conduct bond" before replacing them with new workers. "From Tuesday onwards the company will start hiring trained technicians, who will be on the permanent rolls, to replace the current workers who refuse to sign the bond," a source close to the management said.

September 16, 2011

Maruti Sazuki to resume production on Sunday

New Delhi : The automaker, 54.2-percent owned by Japan's Suzuki, had ceased production at its two plants on Friday after a 19-day stand-off with workers at its Manesar factory sparked a support strike at Suzuki Powertrain Ltd, which produces engines for the company.Meanwhile the company has hired hundreds of replacement workers in a move that has allowed it to produce half of its usual daily capacity of about 1,000.Production at Maruti's Manesar factory, where it makes its popular Swift model, has been severely hit since workers walked out on Aug. 29 after the firm demanded they sign a discipline agreement, claiming some had engaged in sabotage."The management will not take back those dismissed or suspended for indiscipline, sabotage and for deliberately causing quality problems in cars," the company said in the statement.

Medical College Teachers Rally for Salary Hike in Ahmedabad

Ahemdabad : Members of the Gujarat Medical Teacher's Association (GMTA), on Friday, read out their longstanding complaint that being paid less has been falling on deaf ears in the government. However, this time they have decided to go one step further and have planned a mass strike in case the government fails to act on their pleas. “For two years we have been complaining incessantly. Medical teachers get between Rs20, 000 and Rs30, 000 less than a teacher of arts, commerce or science which we feel is unjust to us. We work not only as teachers but as doctors during natural calamities or any other catastrophes and also assist and carry out operations, work round the clock serving hospitals, among several other things," GMTA member Dr Makwana said. He further added that while teachers and doctors get paid under the UGC commission, medical teachers get their salary under the Tikku Commission. Nearly 2,100 cases of doctors having given adhoc services have been pending for five years, as rules and regulations have not been implemented yet. The GMTA will stage a rally on Saturday, at 1pm from Income Tax to the Collector's office and submit its demands to the latter. The teachers will go on mass casual leave on Friday, August 12. Their action will intensify into a mass strike, in case the government fails to act fast.

September 15,2011

Open Feint appoints New CEO after sudden departure of Co - Founder Jason Citron

New York : OpenFeint, a mobile social network recently purchased by Tokyo-based Gree for more than $100 million, said its co-founder and CEO, Jason Citron, is leaving to pursue new opportunities. The Burlingame, Calif.-based company said the role will be assumed by Naoki Aoyagi, an executive at Gree. As part of the transition, the companies will announce plans to integrate their respective U.S. operations over the next few weeks. Aoyagi joined Gree in 2006 and previously worked at Deutsche Bank.

India HR Summit 2011

New Delhi : As companies emerge on a growth path post the recession, Human Resources' role has become crucial for managing talent. The challenges faced by human resources professionals are multifold. During times of growth, one has to constantly compete in the marketplace to recruit good talent and at the same time create a healthy work environment to reduce attrition. The summit aims to create a forum to debate some of the important aspects of talent management that have a direct co-relation on productivity including HR policies, benefits programs, creating formal and informal channels for obtaining feedback from employees, using and understanding the benefits and disbenefits of social media and technologies HR professionals can use for improving their productivity. This exclusive 1st edition of the HR Summit aims to address precisely these issues by bringing eminent practitioners under one forum to debate about the trends and challenges.

Ballmer Sees 3 Lakh Cloud Computing Jobs Coming Up In India

Mumbai : Gung-ho on the phenomenon of ‘cloud computing’, Steve Ballmer, the CEO of software giant Microsoft, said it will help generate 300,000 jobs in India over the next five years. “The cloud computing phenomenon will enable (other) businesses to use IT more productively which in turn will enable growth in the IT sector,” Mr. Ballmer said.Cloud computing refers to the practise of making software services and data storage facilities available over the Internet, enabling companies to hire them on a use them on a pay-per-use basis instead of investing in its own IT infrastructure. As businesses expand, the demand for IT budgets is increasing rapidly; data storage demands are growing at around 30% annually, and a cloud service comes as welcome relief for companies. Consultancy firm Zinnov Management estimates cloud computing market in India to grow at a compounded annual growth rate of 58% to touch $1.08 billion (Rs 4,900 crore) by 2015. The cloud market in India was $110 million in 2010.

September 14, 2011

Linked in get closer to job seekers

New York : The application process for millions of job hunters will soon be simplified -- as long as they're on LinkedIn.
Taleo powers the careers pages of about 5,000 companies, including Hewlett-Packard, IBM, and United Airlines. Job seekers applying with those companies will soon see that they can use their LinkedIn information to fill out job applications. Applicants already have the option of auto-filling information from the Taleo "Universal Profile" service. Users will still be able to manually fill in their data, or upload their resumes on Taleo-powered sites.Yesterday, the professional networking site announced a partnership with Taleo, the country's largest job applicant tracking system provider, to allow job seekers to auto-fill basic biographical and professional history information from their LinkedIn profile into online job applications.

Capgemini To Hire 8,000 For Delivery Centres This Year

Mumbai : French IT Services Company Capgemini will hire up to 8,000 people for its delivery operations in India this year, a top company official said.This is in line with the company's publicly stated vision of having the Indian workforce account for 50 per cent of its overall employee base in the next 2-3 years. As of March 31, 2011, the €8.7-billion Capgemini group had a total headcount of 1,12,127 employees.“Last year, we grew our India headcount by around 20 per cent, this year also the HR additions should be in a similar range,” says Ms Aruna Jayanthi, Chief Executive Officer of Capgemini India.

September 13,2011

GOP Balks at Taxes to Finance Jobs plan

Washington :The prospects for President Barack Obama's $447 billion jobs plan grew dimmer Monday as he unveiled the fine print of how it would be paid for—primarily through tax increases that Republicans said would destroy jobs, not create them.Mr. Obama proposed limiting itemized deductions for families with taxable income of $250,000 or more a year, ending tax breaks for oil companies and corporate jet owners, and cutting out a tax break for investment-fund managers. The White House says the tax changes would take effect in 2013 and estimates they would raise $467 billion in additional revenue over 10 years.

Obama would sign a partial jobs Bill

Washington : President Barack Obama is making a strong push for his $447 billion jobs bill, but at the same time he’s acknowledging what many observers believe: that Congress may not pass it in full.“Obviously if they pass parts of it I’m not going to veto those parts,” Mr. Obama said Monday in a roundtable interview with Hispanic journalists. “I will sign it but I will say then ‘give me the rest’, and I will keep on making that argument as long as the need is there to put people back to work.”Mr. Obama announced Monday that he wants to pay for his plan by imposing tax increases on Americans making $200,000 a year or more, on corporate jet owners and on oil and gas companies.

September 12, 2011

Trizetto To Hire 400 At Its Pune BPO In Next Two Months

New Delhi : TriZetto Inc, a health insurance solutions provider said that it has plans of hiring 400 new employees at its business process outsourcing (BPO) center in Pune. The TriZetto BPO, formerly known as Tela Sourcing before the acquisition, is engaged in providing healthcare BPO and IT services that drive administrative efficiency, improve the cost and quality of care and increase payer, provider collaboration and connectivity. While growing from strength to strength in last seven years, this centre is now looking at an aggressive ramping up of operations. TriZetto will be looking at recruiting at all levels. The hiring is for jobs related to claims process which includes - claim adjudication, enrollment and billing.The process of hiring is to achieve efficiency keeping in mind the ever growing demands of the dynamic market. Knowledge in health insurance will give the prospective employees an edge over others.

Rising Headcounts Challenge IT Firms

Bangalore : Indian information technology (IT) services companies are expanding their employee base significantly. So much so that many believe some of these may just even surpass a few public sector companies. Take the case of India’s largest IT services company, Tata Consultancy Services (TCS). The company will have an employee base (gross) of 250,000 by the end of 2011-12. This will take it ahead of India’s largest public sector bank State Bank of India, which had a 224,299-strong employee base at the end of 2010-11. Managing such a huge employee base is not only the priority but also a daunting task. Analysts have predicted that if the current productivity levels continue and the large players have to deliver a 20 per cent compounded annual growth rate (CAGR) in revenue for the next decade, Infosys, TCS and Wipro will each need to employ close to a million people within the next 10-12 years. IT services companies believe that the co-relation between headcount and revenue will happen in the next three to four years, as their non-linear initiatives start generating revenues. But many analysts believe, while this may help the IT companies manage their margins, their headcount coming down drastically is unlikely.

September 10,2011

Jobs For Weaker Sections In Private Sector: Centre For Voluntary Disclosure

New Delhi : The Union government is working on a mechanism of ‘voluntary disclosure' by the corporate and private sector on enhancement of employment opportunities for Scheduled Castes, Scheduled Tribes and other weaker sections. Prime Minister Manmohan Singh told a conference of State Social Justice and Empowerment Ministers that the government had taken a number of initiatives to increase ‘affirmative action' with regard to employment of weaker sections in the private sector and working towards an annual voluntary disclosure mechanism. Under the provisions of the Constitution, reservation in employment and education for SCs, STs and Other Backward Classes (OBCs) is applicable only to public sector undertakings and public and private educational institutions. There have been demands for enforcement of job reservation in the private and corporate sector. The suggestion has not evoked a positive response from the private sector and hence the efforts by the government to encourage voluntary intake of weaker sections in recruitment has not proved fruitful.

Start-Ups Creating Jobs In Smaller Cities

Raipur : Start-ups and new-age venture firms are generating job opportunities in tier II and III cities in the fields of sales, marketing, operations and logistics support, Financial Chronicle reports. These job openings are coming up in sectors like e-commerce, retail marketing and servicing and tourism. Snapdeal, an e-commerce site started in 2008, already employs over 400 workers across 50 cities and towns. Channelplay, launched in 2006, is involved in visual merchandising, sales force outsourcing and experimental marketing. The firm has a staff of over 2500 spread across 200 locations including metros and smaller towns. Big brands like Nokia, Blackberry and Lifestyle are looking to expand in smaller towns such as Rajkot, Raipur and Indore where there is a large consumer base seeking to buy their products. However, for this purpose these companies use the services of start-ups instead of doing everything on their own.

September 9,2011

Tata Motors CEO resigns after less than 2 years

Mumbai : Carl Peter Forster has resigned with immediate effect, only after 18 months of his joining, which faces slowing growth in its home market.Tata's India's Leading maker of trucks and buses and the owner of luxury Jaguar and Land Rover brands said Forster resigned due to unavoidable personal circumstances but will remain as a non executive members of the company. Forster's exit comes as the venerable Tata group continues to search for a successor to Ratan Tata, who is set to a retire soon as chairman of the sprawling conglomerate, whose holdings range from salt and steel to software. That search is taking longer than planned.Forster succeeded in turning around JLR, with the luxury unit contributing nearly 80 percent of the company's profit in 2010/11. However, sales of the Nano, launched to much fanfare in March 2009 as the world's cheapest car, have been disappointing.

Obama Jobs plans invigorates growth outlook

Washington : It might not exactly deliver the "jolt" Obama claimed in his speech to Congress Thursday night, but it would be enough to make a difference. Once demand picks up, the private sector will kick in and begin hiring, and the fiscal props can fall away . The basic idea is to give a sufficient boost to get the stalled recovery over the hump where households, banks and businesses have paid down more of their debt loads and regained the confidence to start spending, lending and hiring again. It would deliver the economic medicine prescribed in recent weeks by Federal Reserve Chairman Ben Bernanke and the International Monetary Fund to prevent worrisome slowdown in global economic growth from turning into recession.

September 8, 2011

Why would any one want to be Yahoo CEO?

New York : As the company searches for Bartz's replacement, its biggest obstacle is likely the track record of past CEOs after they moved under Yahoo's figurative purple umbrella."They are going to have a lot of trouble filling that job," said a tech industry consultant who asked to remain anonymous because of a relationship with Yahoo. "Anybody great is not likely to go there."A second source close to Yahoo added: "It's a very risky move for an executive to moor their reputation to Yahoo. No one has been able to turn it around."Bartz came to Yahoo in 2009 as the tough-talking, bottom-line oriented CEO who led software developer Autodesk to prodigious revenue and share price growth. When she left Yahoo Tuesday, she was viewed as an executive incapable of innovation and lacking vision, an executive who failed to move Yahoo's stock price or operating performance in any meaningful way.

Infosys Visa Woes recur & this time its from HR department

Bangalore : Another whistleblower complaint has been filed against the IT major Infosys in the United States for alleged violations of visa norms. After the first two complaints, Infosys relocated its head of human resources Nandita Gurjar to US. But, the complaint this time has come from the Infosys HR department in US. CNBC-TV18's Sunanda Jayaseelan reports on what the Infosys' counsel on visas has suggested in order to deal with this crisis.This third complaint, filed in late 2010, was from an HR employee (the information of which had not been disclosed to the media). Infosys' counsel Jeffrey Friedel in US has been over seeing this entire visa issue from a legal standpoint.In e-mails exchanged with other HR employees and Friedel, the complainant has said, given her past immigration experience, she has seen violation of form I-9, which covers authorisation by employers looking to send employees to work in the US.

September 7,2011

Obama to propose $300 billion jobs package

Washington : The price tag of the proposed package, to be announced by Obama in a nationally televised speech to Congress on Thursday, would be offset by other cuts that the president would outline, CNN reported, citing Democratic sources. Obama would offset those short-term costs by calling on Congress to raise tax revenues in a deficit-cutting proposal he will lay out next week, the news agency reported, without citing sources.Bloomberg News said the plan would inject more than $300 billion into the economy next year through tax cuts, spending on infrastructure, and aid to state and local governments.

Roomney jobs plan to cut taxes gets tough on China

Beijing : In a column set to appear in Tuesday's USA TODAY newspaper, the former Massachusetts governor said his plan would consist of 59 proposals, including 10 that he would introduce on his first day in office. "I will pare back regulation, including eliminating 'ObamaCare,'" Romney said, using the derogatory term favored by critics of President Barack Obama's healthcare overhaul.Romney will release his jobs plan in Nevada on Tuesday."I will direct every government agency to limit annual increases in regulatory costs to zero," he said. "Every one of President Obama's regulations must be scrutinized, and those that unduly burden job creation must be axed."Romney, the one-time leader in the Republican 2012 race, has fallen behind Texas Governor Rick Perry in opinion polls in the battle for the nomination to challenge Obama next year.

September 6, 2011

PSU Banks Embark On Hiring Spree To Counter Attrition

New delhi : Public sector banks are embarking on a hiring spree to make up for a constant loss of talent at many levels. It is expected that over one lakh people can get a job at a public sector bank in the next 12 months. Experts say PSU banks could well pick up around 7 lakh people over the next 10 years. And since attrition is an industry problem, banks are pooling resources. MV Nair, CMD, Union Bank of India says, “We are first time trying common entrance test, the idea behind CET is that from onepool each bank can get the candidates they want, through an interview process they can pick up for themselves, the idea is to bring down the delay in recruitment itself.” Banks say 40-45% of attrition is seen at the higher management levels, so senior bank executives are also in demand.

CII To Train And Provide Jobs To 50,000 SC/ST Youth

New Delhi : The Confederation of Indian Industry will train 50,000 SC/ST youth in 2011-12. It will also provide jobs to the same number of people. This was announced by B Muthuraman, the president of CII.He said that the CII was working with the Dalit Chambers of India and was aiming to receive 10-20 % of raw material and services from industrialists belonging to the SC/ST population. Mr. Muthuraman was of the view that India could achieve a GDP growth rate of 8.6% this year provided factors like monsoon, international economy, oil prices etc remained favourable. The CII president announced that 4 CII Skill Development Hubs and 30 district level Skill Gurukuls would be set up. Out of these, five would be located in northern states of the country.

September 5, 2011

51% Workforce Self Employed: NSSO Survey

New Delhi : More than half of the country's overall workforce is self-employed, even as female employees receive less remuneration than their male counterparts for doing similar jobs, as per the data of a government survey. While 51 % of the country's total workforce are self-employed, only around 15.6 % are 'regular wage/salaried' employees and 33.5 % are casual labours, the key indicators from a survey the National Sample Survey Office (NSSO) revealed. Among workers in rural areas, about 54.2% are self-employed, while only 41.4 % of the workforce in urban areas is self-employed. Only 7.3 % of workers in rural areas are regular wage earners, while 41.4 % of workers in cities are getting regular salaries. The findings of the NSSO also reveal that women workers, both in rural and urban areas, continue to receive less remuneration than their male counterparts. In urban areas, the average wage is Rs 365 per day and it is Rs 232 in rural areas. The NSSO survey found that the average earning per day received by male workers is Rs 249 but it is only Rs 156 in case of female workers, indicating the female-male wage ratio at 0.63.Similarly, in urban areas males earn Rs 377 as against Rs 309 by women, indicating a ratio of 0.82.The indicators are based on a central sample of 1,00,957 households of which 59,129 were from the rural areas and 41,828 from urban areas. This was the 66th round of the survey by NSSO.

Indian Women Rise In Business But Not In Power

New Delhi : Indian businesswomen are gaining managerial positions as the country's economic growth surges ahead, yet few are able to break the glass ceiling and secure jobs with real power due to stereotypical views of them as 'fragile' and ineffective, a new study says. According to research by the Centre for Social Research (CSR) -- a New Delhi-based gender rights think-tank -- professional women in India not only face attitudinal challenges, but also problems within their organizations like a lack of gender policies to accommodate the domestic pressures on them. The study focused on the situation of women managers working in the health, media, hospitality and banking and finance sectors and surveyed 240 female managers and 24 human resources managers across three cities “New Delhi, Kolkata and Bangalore. India’s economic liberalization which began in the early nineties has helped the South Asian nation achieve near-double-digit growth over the last five years, making it the continent's third largest economy. The rapid emergence of the corporate sector and the spread of higher education amongst girls have meant that more women than ever are taking up professional positions in companies. Yet, according to the research, 72% of the companies surveyed did not have specific gender policies to help promote women to leadership positions. Special benefits for women such as flexible working hours, transport, compensatory leave, and medical benefits are not available to most respondents, said the report, despite laws which dictate this

September 3, 2011

US In need of immediate job boost - Obama Aide

Washington : US economy is in the clear need of an immediate job boosts, National economic council director Gene Sperling told BloombergTV on Friday after data showed the employment growth ground to halt in August. With the havoc created by the economic crisis and the matter of credit crisis, there had been a slowdown seen in the US economy particularly in terms of employment.Non farm payrolls were unchanged, the labor department reported on friday the weakest reading since september of the last year.U.S. employment growth ground to a halt in August as sagging consumer confidence discouraged already skittish U.S. businesses from hiring, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the economy.

Asian Salaries To Exceed US Pay Packages

New Delhi : Top executives in the Asia Pacific region, especially in countries like India and China, are likely to witness rapid rise in their pay package this year, and their renumeration in the next three years is likely to surpass of those in the US, says a survey. According to HR consulting firm Mercer's latest Executive Renumeration Perspective rapid growth, talent shortage and inflation in countries like India and China have created record increases in executive pay. This is ushering a new trend wherein employees in Asia are paid more than their contemporaries in Europe and the US. "Global growth, regional hotspots and executive talent shortages are leading to a dramatic change -- by region – in pay for performance and executive renumeration program design and governance," Mercer said.Executive salaries in Asia are already higher than the Europe and with an annual increase rate higher than in the US, we expect Asian executive salaries to surpass those in the US within the next two to three years, the report said.

September 2, 2011

State Bank Of India To Hire Over 5,000 Officers

New Delhi : The country's largest lender, State Bank of India (SBI) is planning to hire over 5,000 employees in 2011-12. While a total of 4,987 officers would be recruited in its associate banks, as many as 206 officers would be appointed to work in SBI itself. The bank would be hiring people for the post of probationary officers for its associate banks, while those for the parent bank would be hired in the position of specialist officers in various divisions like law, economics, medical and security. The associate banks for which recruitment is being sought include State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Patiala, State Bank of Mysore and State Bank of Travancore. SBI has already released public advertisements for all these positions. Last year, SBI had said that it plans to hire a total of 27,000 employees -- 20,000 to 22,000 people in clerical posts and 5,500 people at the probationary officer level.

Entry Level Salaries In IT Lose Charm

Bangalore : The entry-level salary that attracted many freshers to the Indian information technology sector has been stagnant for the last three years despite the industry scaling up the value chain in the global market. While fresh hiring in IT is likely to go up 12% year-on-year this fiscal, fresher salary have remained constant, thanks to a demand-supply imbalance, increasing training costs and pressures to keep the Indian cost advantage going. Som Mittal, president of IT trade body Nasscom says, “Entry-level salaries have remained the same for the past two to three years. On an average, freshers’ salaries have stayed at the level of R3 lakh to R3.3 lakh, and most companies have not revised it.” Infosys, which plans to make 26,000 campus offers in FY 12, has not made any changes in entry-level salaries in the past two years. It has maintained its policy of offering R2.75 lakh to freshers, which is normally hiked to R3.2 lakh upon confirmation. TCS, the country’s largest IT recruiter, has also not increased base-level salaries, say staffing firms. Of its guided 60,000 intake this fiscal, TCS planned to make 37,000 campus offers.

September 1,2011

Internet Creates 2.4 Jobs For Every Job It Destroys

Bangalore : The Internet, which has transformed the way we live, work, shop and socialise, is also emerging as a powerful catalyst for job creation, says a survey by global management consultancy McKinsey. According to a report by McKinsey Global Institute, the Net has a sweeping impact on growth, prosperity and has “created 2.4 jobs for every job that it has destroyed”. “While jobs have been destroyed by the emergence of Internet, many more have been created during the same period, including jobs directly linked to the Internet, such as software engineers and online marketers as well as more traditional jobs — logistics to deliver online purchases,” it added. McKinsey examined the impact of the Internet in 13 countries — the members of the G8, Brazil, China, India, South Korea and Sweden. In the 13 countries that the survey covered, the Internet contributed an average 3.4 per cent to the GDP, more than agriculture, energy and other better established industries.

Ma Foi Sees Huge Job Opportunities In Healthcare Sector

New Delhi: The Indian healthcare employment scene has been on the upswing compared to the global markets. In 2010, the sector saw 33,77,652 jobs created in the country and by this year-end, a total of 36,26,152 jobs with at least 15 per cent wage inflation is expected. Biotech companies, health insurance companies, hospitals, diagnostic laboratories and pharmacies are hiring as well. With over 4.7 million professionals in demand over the next 10 years the sector is a consistent employer. Penetration of health insurance, setting up of new healthcare facilities in tier 2 and tier 3 cities (which are opening up new avenues for employment generation), growth of medical tourism for alternative therapies like Homoeopathy and Ayurveda are also providing new job opportunities.

Indian Firms Hiring Workers In North America

Bangalore : India's outsourcing giants, faced with rising wages at home, are looking for growth opportunities in the US with many of them hiring workers in North America. With Washington crimping visas for visiting Indian workers, some companies such as Mumbai-based Aegis Communications are slowly hiring workers locally as their largest corporate customers are based in North America. Aegis, a subsidiary of India's Essar Group, an energy, telecom and metals conglomerate, is quoted as saying it's pioneering the next generation of outsourcing: putting the work close to its global customers. Its executives call the practice "near-sourcing", "diverse shoring" and, sometimes, "cross-shoring". Companies such as Tata Consultancy Services , Genpact and Infosys are the largest users of the H-1B visa programme and have collectively brought as many as 30,000 workers into the country in a year on H-1B or other visas. But the companies that use the visa programmes have faced opposition from US labour unions as well as age-discrimination lawsuits from American tech workers alleging that they were passed over by the hiring practices.

August 31, 2011

Fortune Picks Wal-Mart’s Chambers as CPO of Its 'Fantasy Executive League'
Washington : When a company employs 2.1 million people, as Wal-Mart does, Human Resources isn't merely a support function,--it is core.” explained Fortune, adding that Chambers is essential to the company’s planned international expansion, which will add a half-million employees worldwide by 2015.In Fortune’s fantasy, Chambers would report to Ken Chenault, CEO of American Express and Jim Skinner, COO of McDonald’s.Interestingly, the online voting for the Fantasy Executive League CPO has Jeff Lamb of Southwest Airlines in the lead.

Executives In Their 40s Setting Up Own Businesses

New Delhi : A large number of top executives in their forties are quitting corporate jobs to establish their own businesses. The longing to be their own bosses and follow their interests is prompting executives to set up their own ventures. Suman Srivastava quit as CEO of advertising agency Euro RSCG to create a marketing innovation firm Marketing Unplugged. Hindustan Unilever’s HR Head Harish Devarajan quit to set up People Unlimited, a leadership development consultancy. According to Mr. Devarajan, the move allows him to devote a large amount of time to leadership development which was not possible at his previous company. Richa Arora quit as Britannia’s head of marketing a couple of years ago to set up her own business. Although several people said that it was rather silly to do so, starting a new business needs some risk-taking, she says.

August 30, 2011

U.S. economic slowdown worries Indian tech firms
Bangalore :Early indications, including high unemployment and weakening consumer demand, of a possible slowdown in the U.S. are worrying India’s top technology firms, Economic Times reports. Such firms get more than half of their business from the world’s biggest market for software outsourcing. Concerns about deterioration of macro-economic conditions in the U.S. can lead to the postponement of new technology investments by U.S. firms and renegotiation for lower billing rates for software projects. The U.S. unemployment rate has already increased to 9.1%, as per latest reports, from 8.8% in March this year.

Companies turn to games for hiring and training
Bangalore: Companies have started using games to recruit people and also to train employees, Times of India reports. Companies, including Siemens, ICICI Prudential, Fullerton and Fox History conduct games for both potential as well as existing employees. The Marriott chain of hotels is rolling out a gaming option called ‘My Marriott Hotel,’ which will enable people to know the daily routine of the hotel. A few hotel management institutes have already started using games during their selection procedure, to test the aptitude of the candidates applying. According to Alok Kejriwal, CEO and co-founder of Games2win, games generate a challenge that helps the company evaluate the problem-solving abilities of an individual.

August 29, 2011

Hiring Activities Likely To Slow Down In Sept Quarter

New Delhi : Hiring during the July-September 2011 quarter is expected to be slow compared to the earlier quarters indicating stability in the employment market according to a survey by staffing firm, TeamLease. While the overall trends are likely to become more constant from the incremental changes seen last quarter, cities and sectors may not faithfully replicate these trends, the report indicated. But not all experts agree July-September quarter may not be as good as the past quarters. According to the TeamLease survey, the growth rate of the employment outlook index remained flat, while there was a marginal drop of a single per cent point in the business outlook index growth rate. The report said that a few sectors displayed signs of correction. While IT and ITES dropped four per cent points each as a result of the dizzying growth rates in employment sentiment of the past few quarters, health and pharma displayed a recovery of five point recovery compared to the significant eight point drop it had experienced during the previous quarter, it added.

TCS headcount crosses the two-lakh mark in Q1

Bangalore :Tata Consultancy Services (TCS) headcount surpassed 200,000 in the first quarter of 2011. This makes it the first Indian software services firm to cross the 200,000-employees mark. At present, TCS employs 2, 02,190 people after recruiting 3,576 during the three-month period.Gross hiring for the first three months was11, 988 mainly due to attrition, which increased to 14.8%. Seasonally, attrition in the first quarter is high because of employees leaving to pursue further studies and also possibly due to dissatisfaction among workers in the wake of the yearly appraisal, according to Ajoy Mukherjee, global head of human resources. TCS aims to recruit 20,000 new employees in the current quarter, out of which 50% will be campus hires while the rest will be experienced professionals, adds Mr. Mukherjee.

August 27, 2011

Unemployment rate marginally increases from 2.2% to 2.3%

New delhi : Reliable estimates of employment and unemployment are obtained through quinquennial labour force surveys conducted by National Sample Survey Organisation. Last such survey was conducted during 2004-05. As per two most recent rounds of surveys on employment and unemployment, unemployment rate on usual status basis has marginally increased from 2.2% to 2.3% during 1999-2000 to 2004-05. This was due to the fact that the pace of growth in labour force at 2.97% per annum exceeded the rate of growth of work force at 2.95% per annum.

Eradicating child labour priority for government

New delhi : Government is committed to elimination of child labour and Government's commitment is reiterated whenever the child labour issue is discussed in ILO conferences at Geneva and elsewhere. With a view to providing social security to unorganised sector workers, the Unorganised Sector Workers' Social Security Bill, 2007 has been introduced in Rajya Sabha on 10.09.2007. Child Labour is a complex socio-economic problem, which needs sustained efforts over a long period of time. Considering the nature and magnitude of the problem, Government is following a sequential approach of first covering children working in hazardous occupations/processes. For the elimination of child labour, Government is implementing the National Child Labour Project (NCLP) Scheme in 250 districts of the country.

August 26,2011

FDI in Retail to Open Floodgates of Job Opportunities

Ahmadabad: The Opposition may be asking the United Progressive Alliance government how foreign direct investment (FDI) in multi-brand retail would help generate employment, but the industry has already begun crunching numbers. At the first sign of the sector opening up, human resource consultants, body shoppers and recruitment agencies are scouting for opportunities and, of course, talent to serve the promising industry. Experts said the industry would need additional manpower of 15 to 30 million in 10 years, if reforms do happen. The industry currently employs 35 million people. Jobs are expected to be created across front-end and back-end operations, store operations, merchandising, logistics and distribution, marketing, procurement, purchase and corporate services. Elixir said that the maximum demand originated from companies into convenience retail, while luxury and lifestyle retail still had limited audience. Retail companies have always had a preference to hire from fast moving consumer goods (FMCG) companies. The gap in the retail sector could be filled with talent from other industries like telecom and Pharma, besides FMCG.

Reliance Communications Hiring Spree To Boost Wireless Service

New Delhi : To strengthen its wireless services business, which has faced severe challenges in recent times, Reliance Communications Ltd (R-Com), a part of Anil Ambani’s Reliance Group, is tapping into an external talent pool, including elder brother Mukesh Ambani’s Reliance Industries Ltd (RIL).In the past three months, India’s second largest mobile phone company by subscribers, has hired three senior executives to look after functions within the wireless business such as device and data services, brand and communications, and finance.

208 APVCC Employees To Be Asked To Resign Soon

Hyderabad : More than half of the disabled employees of the Andhra Pradesh Vikalangula Cooperative Corporation (APVCC) are anxious about the day they would be asked to resign from their jobs. That day would come soon, said Anitha Rajendhar, former commissioner for Welfare of Disabled and Senior Citizens. “The AP government has given orders to remove employees who joined illegally in the APVCC between 1985 and 1990 and to stop all allowances to them. So we are not giving them allowances and will be removing 208 such employees out of the total 429. These employees were not recruited by the government but had joined with recommendations and are now not quitting the job,” said Prabhanjan Rao, Managing Director of APVCC.

August 25, 2011

Steve Jobs Resigns as Apple CEO

New York : To the Apple Board of Directors and the Apple Community: I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come.As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple.I believe Apple’s brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role.I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you.

UBS to lay off 5% of workforce, cut 3500 jobs

Zurich : UBS AG said Tuesday it will lay off more than 5% of its overall workforce, mainly at its investment bank, part of an plan to save 2 billion Swiss francs ($2.5 billion) annually as the bank faces weaker earnings, tougher regulation and a surging Swiss franc.The Zurich-based banking giant will charge up to 450 million francs in restructuring costs for the move in the third quarter, with the remainder to follow in the last three months of this year. The revamp follows a collapse in second-quarter net profit by almost half following a poor showing from UBS's fixed-income arm, which is being forced to reverse expansion plans.Though scant on details, UBS said its investment-bank business will bear the brunt of the job cuts, accounting for 45% of the overall 3,500 positions to be lost, while the wealth-management and Swiss bank unit will account for 35%, it said.

August 24,2011

Merck to cut 13,000 jobs

New York : Merck, the US drug company, said that it would slash as many as 13,000 jobs as it looked to slash costs and invest in emerging markets. The cuts, which represent 13% of its workforce, follow an earlier round of lay-offs announced last year when the company said it was reducing its employee base by 17% as part of a restructuring plan. Merck has been looking to achieve savings promised when it acquired Schering Plough for USD 41bn in 2009.Job cuts in the US come at a painful time for the US, which is reeling from a prolonged bout of high unemployment and slowing economic growth. Merck has been trying to maintain its spending on research and development amid its cost-cutting efforts.

Global Economic Crunch, Inflation to Slowdown Hiring Trends

Bangalore :Concerns of a global economic crunch and rising inflationary pressures are acting as a caution sign for India Inc, which has suddenly turned cautious in its hiring plans. According to various recruitment firms, hiring trends are set to see a slowdown in the coming quarters. According to E. Balaji, managing director of Ma Foi Randstad, a global hiring firm, certain sectors, such as telecom, which are facing a lot of revenue pressure, will go slow on hiring. However, Mr.Balaji added that this trend is temporary as people are in a wait-and watch mode. The overall sentiment for hiring is still upbeat for India Inc, he pointed out. A survey conducted by Naukri.com of more than 950 recruiters revealed an optimistic hiring scenario in the second half of 2011. About 78 per cent recruiters predict addition of new jobs and two per cent anticipate layoffs. However, the survey says that the trend will depend largely on the growth and business level.

August 23,2011

Obama Vows 'Recovery' Through Jobs Push

New York : US President Barack Obama assured Americans that the country will come out of the current crisis soon. buoyed by a stronger jobs report, which even provided some support to the US markets in the opening session, Mr Obama said that the economy has created 1,54,000 jobs in the private sector in July, at the strongest pace since April. Speaking to American veterans, Mr Obama said the US economy has faced a tumultuous year as high oil and gas prices, Japanese quake effects on supply chains and the Euro Zone crisis have slowed growth momentum. He added that the markets around the globe have had a 'bumpy ride' and hoped that the US economy will come out of the crisis soon. America's employment gains are not happening quickly enough to make up for the jobs lost during "the worst recession that any of us have ever seen," the US President said. Americans also cut back on their spending in June for the first time in nearly two years and their incomes grew by the smallest amount in nine months, a troubling sign for an economy that is barely growing. Excluding falling prices for items such as energy and food, consumer spending would have been unchanged in June.

HSBC Rules Out Job Cuts In India

New Delhi :The country's oldest foreign bank HSBC ruled out job cuts in the country as part of its global recast, saying that India is a strategic market and one of the key profit centres and that it is in fact finding it difficult to offset the high attrition rates. “There will be a re-allocation of resources but it's not going to be a cut heads. I hate the word cut heads. What we are trying to do is to eliminate bureaucracies at the back-end," HSBC India Chief Executive Stuart A Davis told reporters after announcing the first half results. The bank had also said it had already cut 5,000 jobs following restructuring of operations in Latin America, the US, Britain, France and the Middle East and that it would cut another 25,000 between now and 2013. HSBC had said that it would sell 195 US branches to First Niagara Financial for about USD 1 billion in cash, and close another 13 of the 470 sites it had. HSBC also intends to sell its US credit card portfolio, which has over USD 30 billion in assets to free up capital. The bank now aims to shut or sell retail operations in further 20 countries. Last month in July, another British bank Barclays had also announced merger of its client relationship teams in Barclays Corporate and Barclays Capital, which would result in a job loss of around 25 people.

August 22, 2011

Survey : Big firms expect more health care hikes

New York : Many big employers will handle another round of health care cost hikes next year by raising the contributions that their workers make toward benefits, according to a survey from the National Business Group on Health.The nonprofit, which works with big companies on health care costs, said Thursday 53 percent of the companies it surveyed plan to increase the percentage that their employees pay toward premiums, with most raising it by less than 10 percent. In addition to raising the premium contribution, 39 percent of employers surveyed expect to raise deductibles for care received inside their insurance network, and 23 percent plan to increase them for out-of-network care, according to the National Business Group on Health study.

Glare on Job Agencies

New Delhi : Darjeeling Police have put the job placement agencies under the scanner to curb inter-state trafficking. But it was found that social workers said, the measure was not enough and only a proper legislation on the lines of recent directives issued by Delhi High Court could serve the purpose. According to figures released by the Bengal CID to an RTI query filed by the Delhi based anti-trafficking organization Shakti Vahini, the number of missing people in the state has increased from 196 to 6514 between 2001 and 2010.While only three missing cases were reported from the six north Bengal districts in 2001, the number increased to 1089 in 2010 — one of the indications that a large number of people were leaving the region to seek job elsewhere in the country. The figure, according to Shakti Vahini continues to rise, yet there is no clear data on the placement agencies working in the state.

August 19, 2011

Bank of America to cut more than 10000 jobs

New York : Bank of America Corp. is cutting 3,500 employees this quarter and working on restructuring plans that will axe several thousand more jobs. The reports Friday said that the job cuts at the biggest U.S. bank by assets might exceed 10,000 or about 3.5 percent of its current work force. The retrenchments are part of CEO Brian Moynihan’s efforts to engineer a recovery at BoA, which was hit hard by the bursting of the housing bubble. Its share price has fallen nearly 50 percent so far this year.Many other banks and financial institutions are also cutting staff. They are under pressure to improve returns to investors amid a weak U.S. economy and new restrictions on lucrative trading and banking activities that were blamed for contributing to the 2008 financial crisis.

For the sake of jobs

Bangalore : Time and again the need for reforms in higher education, which is caught in the grip of age-old regulations, is stressed in various forums. But little progress has been made due to various reasons. While private universities have made some progress in this regard, State-run universities have yet to make any breakthrough.However, things appear to be changing and a recent decision by the Karnatak University-Dharwad (KUD) to remove the restrictions on postgraduate students simultaneously pursuing value-added courses offered by open universities is a good sign and it is going to help the students in many ways. This decision has been appreciated in the academic and students' circles as it is going to help students while competing in the job market.

August 18, 2011

Obama plans post - labor day jobs push

Washington : Right after Labor Day, President Obama will speak to the nation about the labor situation, a senior administration official told CNN on Wednesday. The Obama administration has not finalized that package, but it's likely to include some tax cuts, infrastructure ideas that could create jobs, and measures targeting the long-term unemployed and specific struggling economic sectors. The president plans to deliver a speech about a package of new initiatives designed to grow the economy and create jobs, then he'll spend the fall pushing Congress to pass those measures, the official said.The unemployment rate in July was 9.1%, with about 14 million Americans out of work. The unemployment rate has not been below 8.8% since March, 2009, two months into Obama's presidency, according to the Bureau of Labor Statistics.

FDI in Retail to Open Floodgates of Job Opportunities

New Delhi : The Opposition may be asking the United Progressive Alliance government how foreign direct investment (FDI) in multi-brand retail would help generate employment, but the industry has already begun crunching numbers. At the first sign of the sector opening up, human resource consultants, body shoppers and recruitment agencies are scouting for opportunities and, of course, talent to serve the promising industry. Experts said the industry would need additional manpower of 15 to 30 million in 10 years, if reforms do happen. The industry currently employs 35 million people. Jobs are expected to be created across front-end and back-end operations, store operations, merchandising, logistics and distribution, marketing, procurement, purchase and corporate services. Elixir said that the maximum demand originated from companies into convenience retail, while luxury and lifestyle retail still had limited audience.

Striking Verizon workers to lose medical benefits

New York : Tens of thousands of striking workers from Verizon Communications will lose their medical benefits if they're still picketing at the end of the month, the telephone service provider said Wednesday."I can confirm that the 45,000 striking Verizon workers did receive a letter confirming a provision in their 2008 contract that stated in the event of a strike, medical benefits would be suspended on Aug. 31," said Verizon spokesman Richard Young.The 45,000 union members have been picketing since Aug. 6 to protest the concessions that Verizon is trying to get from its employees. Those concessions include the elimination of two paid holidays, the freezing of pensions, the alignment of pay raises with job performance, and the union's contribution of $100 per employee towards health care premiums.

August 17,2011

No jobs out there

New Delhi : Growth in post-reform India accelerates, but fails to deliver adequate jobs for its citizens. As is widely acknowledged, the large sample surveys of employment by the National Sample Survey Organisation (NSSO) undertaken once in five years provide the most exhaustive data on employment trends and conditions in India. The NSSO has just released the leading indicators yielded by the latest such survey on this subject – the 66th Round, covering 2009-10. This helps to assess the impact on employment of growth during the reform years, and especially after 2003-04 when GDP growth accelerated to touch 8-9 per cent.Based on the results of the 2004-05 survey, some like the Chairman of the Prime Minister’s Economic Advisory Council C. Rangarajan argued that “with a sustained growth of 9% per annum by 2012, unemployment will be totally eliminated.” The challenge was to achieve and sustain high growth rather than to generate employment, since accelerating growth is central to expanding employment opportunities.

New Trends in Employment

New Delhi : Analysts are still assessing the implications of Key Indicators emerging from the National Sample Survey Organisation’s (NSSO’s) employment survey relating to 2009-10. Their effort has been made more difficult by the criticism from within the government that the survey has grossly underestimated female employment, which is more difficult to identify. Moreover, even with regard to the male workforce, there is an effort to discount the evidence on deceleration in employment growth during the period 2004-05 to 2009-10, when India for the first time recorded rates of growth of between 8 and 9 per cent on average. In the rural areas, male usual (principal and subsidiary) status employment increased by only 13.4 million between 2004-05 and 2009-10, as compared with 20.2 million between 1999-2000 and 2004-05. The corresponding figures for the urban areas were 9.8 million and 15 million respectively. Thus there is clear evidence of deceleration here as well.

Bhopal IT park to create 75000 jobs

Bhopal : The administration of Bhopal is looking to create 75000 jobs through its project of IT park. The IT park will be developed by Madhya Pradesh State Electronics development corporation. As per policy guidelines of Information technology , Messers Underhill technology of New York shall provide jobs to 350 people. Besides this the company shall be required to invest from Rs 50 crore to Rs 100 crore as the company is being provided land at concessional rates.If company fails to comply with terms & conditions of providing jobs then the bank Guarantee will be fortified by state government.

August 16, 2011

The fading shine of Infosys

Bangalore:Bangalore-based company Infosys is likely to narrow its premium gap with rivals Tata Consultancy Services and Wipro due to uncertainty related to top management changes and softening profit margins as a result of wage hikes and currency volatility. This year Cognizant has posted 34.4 percent rise in revenues to $1.485 billion in the April-June quarter, nearly $77 million more than Wipro's sales during the same period, and joined sector leader Tata Consultancy Serviices. On the other hand,Infosys Q4 results for this year were disappointing as they did not live up to the expectations.

Govt to provide unemployment allowance to jobless workers

New Delhi: The unemployment estimates for the first quarter of the fiscal year beginning April 2009 are not so optimistic. The Labour Bureau estimates that hundreds of thousands of people have lost their jobs in the period. The worst affected sector was the textile industry which has shed 154,000 jobs followed by IT/BPO sector with 34,000 jobs and the gems and jewellery sector with 20,000 job losses. Employment was the worst hit in exporting companies across all sectors with losses touching 167,000 jobs. At the same time employment opportunities to the tune of 35,000 were created in all but three sectors. In the period October-December 2008, the hit was the highest across India with nearly 500,000 workers loosing their jobs.

Unemployment rate marginally increases from 2.2% to 2.3%

New Delhi : Reliable estimates of employment and unemployment are obtained through quinquennial labour force surveys conducted by National Sample Survey Organisation. Last such survey was conducted during 2004-05. The unemployment rate on usual status basis has marginally increased from 2.2% to 2.3% during 1999-2000 to 2004-05. This was due to the fact that the pace of growth in labour force at 2.97% per annum exceeded the rate of growth of work force at 2.95% per annum.The increase in labour force is mainly attributed to the fact that working age population grew faster than total population and labour force participation rate increased particularly, among women during 1999-2000 to 2004-05.

Job scammers on the rise

Washington : Job seekers, beware. The Better Business Bureau says there’s been a rise in the number of fake job advertisements on social networking sites and job websites like Monster.com and Craigslist. Security experts say that with many unemployed people desperate for work, many scammers are finding it easier to take advantage of them. Unemployment was 9.1% in July, just down from 9.2% in June, according to the latest data. Job seekers need to be on the look-out for potential scams,” says Stephen A. Cox, president and CEO of the Council of Better Business Bureaus. “Many job scammers are having candidates set up direct deposit accounts as part of the application process and making it seem as though it’s naturally part of the process to get an interview — when it’s absolutely not.”

U.S opens new front in fight with for profit colleges

New York : As students prepare to go back to school, a long-simmering dispute between government regulators and the for-profit college industry has boiled over, with a lawsuit charging that one of the major players engaged in a giant fraud. Last Monday, the Department of Justice filed a complaint against Education Management Corp. (EDMC), marking the first time the federal government has got involved in one of many cases against such for-profit colleges.The complaint against EDMC, which operates schools in 105 locations under the names such as Art Institute, Argosy University, Brown Mackie College and South University, alleges the company paid its recruiters based on how many students they enrolled.

August 15, 2011

Obama to host business leaders for talks on jobs

Washington : President Barack Obama meets with business leaders at the White House today for talks on creating jobs and boosting the economy.“He wants to discuss the economy, the industries that the business leaders represent, and what they’re hearing and seeing and ideas they have,” spokesman Jay Carney said yesterday.With 15 months before the presidential election, Obama is struggling to jump-start a weak economy and find ways to reduce the 9.1 percent unemployment rate.He urged Congress when it returns in September to pass three pending trade deals, renew the payroll tax cut and unemployment insurance program, and fund road and bridge construction.

Postal service considers cutting 120000 jobs
Washington : Facing a second year of losses totaling $8 billion or more, the agency also wants to pull its workers out of the retirement and health benefits plans covering federal workers and set up its own benefit systems. Congressional approval would be needed for either step, and both could be expected to face severe opposition from postal unions which have contracts that ban layoffs. The post office has cut 110,000 jobs over the last four years and is currently engaged in eliminating 7,500 administrative staff.

August 13,2011

American bleak outlook on jobs

Newyork : Americans are feeling pretty grim about jobs these days.Only 29% of respondents to a poll released Friday believe more jobs will be available in their communities a year from now. On top of that, a mere 44% said they believe that the same number of jobs will be available. As a point of comparison: The current frontline jobs forecast is slightly more pessimistic than Americans felt during the recession in 1991, and roughly the same as in the recession in 1982.The CNN/ORC survey -- conducted Aug. 5 to 7 -- further found that seven in 10 respondents believe there are few jobs available in their area. Just 24% cited a normal number of jobs, and only 4% said many jobs are available. It comes as no surprise that the labor market continues to struggle.

Need a job forget benefits

New York :- Providing benefits to full-time employees is an increasingly unattractive option for small businesses. As a result, they are hiring part-timers. Thanks to the stubbornly high unemployment rate, there are plenty of workers willing to take a job without benefits. "Everyone's focus right now is controlling cost," said Jo Heinz, owner of Staffelbach, a Dallas-based commercial architecture firm. "Contractors and part-timers are going to get the nod before the individuals who are looking for the full package," she said.

August 12,2011

Cisco and jobless claims help Wall St rebound

Washington : U.S. stocks rallied on Thursday as solid results from Cisco and mildly encouraging U.S. jobs data gave investors the motivation to scoop up shares beaten down after several days of sharp selling. Labor Department data showed new U.S. claims for unemployment benefits dropped to a four-month low last week, a dose of good news for an economy battered by a credit-rating downgrade and a spate of soft economic data in recent weeks. Volatility was high during the session and the market remained vulnerable to violent swings in either direction a day after each of the major U.S. stock indexes slid more than 4 percent on fears about the French banking system's health.

Study: State Governments Play Key Role in Job Creation

Washington: There’s a reason why some U.S. employers, especially small businesses, do less hiring than others: Certain states make it tougher to create jobs than others, a recent study concludes. Labor policies and regulations vary across the country, accounting for the discrepancy, finds a report released last week by the U.S. Chamber of Commerce. It ranks the nation’s 50 states according to how employer-friendly they are based on several criteria, including labor laws, unemployment rates and business-formation data. States with labor rules that are unfavorable to employers such as high minimum wages and onerous layoff-notification requirements ranked the lowest. Among these were California, Connecticut, New York, Illinois, Massachusetts and Michigan, while states such as Florida, North Carolina, North Dakota, Texas and Virginia ranked the highest.

AUGUST 11,2011

For U.S. jobs, it pays to look overseas

Washington : The American consumer is bad for business right now. Smart CEOs are betting on emerging markets for growth at home. Instead of encouraging multinational business, President Obama and his advisers offer their now familiar tirade against companies shipping jobs overseas. In fact, companies do build overseas operations, and hire foreign workers, to tap offshore markets. But those operations also produce jobs here at home. William Melick, an economist at Ohio's Kenyon College, notes that the 3.8 million offshore jobs created between 1997 and 2007 were complemented by 2.1 million produced by those same firms inside American borders. Melick calculated that for two-thirds of U.S. based multinationals, jobs in foreign affiliates and the U.S. parent company move up and down together; only in a small minority does foreign employment rise at the expense of U.S. jobs.

Unemployment rate giving you the blues? Try these top five cities for jobs

New York : With the economy barely growing and investors bailing out of corporate stocks, the US job market isn't exactly sizzling. But conditions vary by region, with some metro areas showing substantial improvement over the past year, according to the Labor Department. Here are the five large metro areas with the lowest unemployment rates combined with unemployment that is down at least half a percentage point over last year. These are Oklahoma City: 5.7% unemployment, Virginia Beach-Norfolk-Newport Va.: 7.0% unemployment, Boston-Cambridge-Quincy: 7.1% unemployment , Richmond, Va.: 7.1% unemployment, Pittsburgh: 7.4% unemployment.

August 10, 2011

Assignments can help drive employee engagement, retention

Switzerland – As part of Pfizer Inc.’s strategy to tie corporate social responsibility to worker engagement and retention, Pfizer Sales Manager Neil Piper spent half of 2009 in Swaziland. Among his many endeavors, he oversaw water purification and de-worming projects designed to safeguard the health of 40,000 children in that sliver of a nation in southern Africa. Follow-up surveys conducted by Pfizer—and IBM, which has a similar project—show that these programs stoke their participants’ sense of company loyalty and employees’ value to the firm.

President Unveils Plan to Boost Hiring of Veterans

Washington : After months of contentious debate over the federal debt ceiling and deficit reduction, President Barack Obama has again turned his attention to job creation. A key piece of the president’s jobs agenda is a plan to increase job opportunities for veterans of the U.S. military.The president outlined his administration’s plan for improving the job outlook for veterans on Aug. 5, 2011. During an event at the Navy Yard in Washington, D.C., Obama emphasized his administration’s commitment to supporting the nation’s veterans and people who are serving in the U.S. military.

Walgreens plans to sell you health insurance

Newyork - Walgreens, the nation's largest drugstore chain, is planning to start selling health insurance to customers this fall. Health reform mandates the creation of federal and state-funded public health insurance exchanges by 2014 that will offer subsidized insurance for uninsured and underinsured people.A rush of companies, many not usually be associated with health insurance, are also expected to jump into the nascent but lucrative market for health insurance exchanges -- estimated to be worth billions of dollars -- ahead of 2014.

August 9,2011

Sanjeev Bhargava joins JWT as Managing Partner
New Delhi : JWT India has appointed Sanjeev Bhargava as Managing Partner. In this leadership role, Bhargava will be responsible for JWT Delhi. He comes in with vast experience of over two decades in advertising. Prior to joining JWT, Bhargava was with Draft FCB for 18 years. He had joined them in 1993 as Group Manager and was promoted as Chief Operating Officer in 2003.Commenting on the appointment, Colvyn Harris, CEO, JWT, said, “JWT Delhi is our fastest growing office, and Sanjeev’s proven track record and leadership qualities will ensure our continued leadership in the market. Our client roster comprises India’s most admired and successful companies and helping them achieve their market ambitions and growth is our primary task. Sanjeev’s role will be crucial for this."

Expats eye India for emerging market experience
Bangalore : Expatriates are making a beeline for jobs in India to gain the much sought after emerging markets experience. Mahindra & Mahindra and Essar, for instance, have seen a sharp rise in job applications from expats. Adil Malia, group president HR, Essar, expects this trend to grow.Today, a job in India, China, Indonesia or Brazil is considered a unique opportunity. Around 40% of the top executives of Hindustan Unilever, which used to be the largest exporter of managers and CEOs, have worked in a developing and emerging market.Fewer career opportunities in developed economies and market side and outsourcing activities in emerging markets have fuelled this trend, said R Suresh, managing director, Stanton Chase, a firm specialising in top-level hires.Australians and Chileans are migrating to sectors like energy and mining. While the English speaking expat population prefers to work in India, some of the non-English speaking Continental Europeans prefer China.

August 8, 2011

Indians look to work post-retirement: Survey

New Delhi :- A recent study has found that most Indian employees want to work for at least two more years after their retirement. The survey, done by global HR service provider Ma Foi also showed the younger working population was more focused on the present rather than the long term. Around 89% of the people in the higher age bracket of 45-54 and 100% in the 54-64 age bracket are happier to work beyond their retirement age. This was not the case with those in lower age groups. The study also found a correlation between education levels and attitude towards work. Around 82% of the employees with a higher level of education and almost all those with a lower level of education wished to work post-retirement. Only 75% with moderate education wanted to continue working. The survey covered over 72,453 employees in 26 countries across five continents.

Sarcasm boosts brain power

Israel : Sarcasm at the workplace may actually motivate employees to perform better. A study by the Bar-Ilan University in Israel found thatemployees who have to face sarcastic co-workers or bosses are more creative than those who don’t. The research involved 375 engineering students, who were asked to imagine they were a customer service representative taking phone calls from clients. They were asked to listen three conversations between another customer service agent and a caller who was angry, normal or sarcastic. The students were then asked to perform a creative task. Those who had heard the angry conversation performed better than the neutral one, but surprisingly, those who listened to the sarcastic caller, performed even better. The study concluded that sarcasm enhanced complex thinking and the ability to process two scenarios at the same time.

August 6, 2011

Wipro Lighting to tap design schools
Bangalore : Wipro is planning to hire talent from premier design schools for its lighting and furniture business. The unit is part of Wipro Consumer Care and Lighting, which is looking to expand in the office, retail, infrastructure and green buildings market. The company will recruit from the National Institute of Design, Ahmedabad, IIT Powai’s industrial design centre and IISC Bangalore, said Parag Kulkarni, vice president and business head of Wipro’s commercial lighting and furniture business.The organization will also enlist international designers to drive its innovation effort. It has already drawn in Claudio Bellini from Milan, Tim Wallace from London and Michel Tortel from Paris to design its latest product range. Wipro Consumer’s recorded revenue of Rs 755 crore in the first quarter. The lighting and furniture business contributed nearly 11% to the amount.

PF defaulters growing in number

New delhi - More and more employers in India are defaulting on the payment of their dues in the Provident Fund Scheme, as per the most recent available data. As of 2007-08, a shocking 81,471 employers defaulted on provident fund (PF) payment of Rs 2,846 crore. The corresponding numbers for 2005-06 were 76,958 and Rs 2,530 crore, respectively. Tamil Nadu, Karnataka, Haryana and Andhra Pradesh were among the states with the highest number of defaulters. In a report submitted to Parliament, the Petitions Committee expressed concern at the low rate of convictions. There were 29,318 fresh cases of default, but arrests were made in just 21 cases, and only seven offenders were convicted. The committee also found that vigilance officers were transferred from their posts if they tried to initiate action against defaulting establishments.

August 5, 2011

IT industry should adopt humanism: Gopalakrishnan

Bangalore - The IT industry needs to instill humanism into organizations, said R Gopalakrishnan, director, Tata Sons, at a Nasscom HR Summit 2011. Organisations in the IT industry should “connect, converse and contemplate” and follow the philosophy of humanism, he said. Getting back to the basics was the only solution for the fast growing sector,the industry employs 2.5 million people, a feat it accomplished in just 15 years, he added. In comparison, the manufacturing sector generated only 6 million jobs in 100 years. He believed that by 2017, the IT sector would surpass manufacturing in terms of employment generation.

Tata Teleservices may cut jobs

Bangalore : Tata Teleservices is combining its CDMA and GSM mobile services divisions which may result in job cuts. The restructuring, which could see a 15% reduction in staff, is aimed at increasing efficiency. This estimated cut in workforce includes workers asked to leave due to non-performance, a top-level official of the company said. The main impact of this revamp would be on the CDMA division staff, he added. Recently, Bharti Airtel also announced a streamlining of its operations. The mobile telecom sector is expected to witness a loss of around 8,000 jobs by the end of 2011 as more firms rationalize operations, according to chiefs of two recruitment companies.

August 4, 2011

HSBC will not shed jobs in India

Bangalore :HSBC will not be slashing jobs in India as the bank considers it a strategic market with a high attrition rate, The Hindu Business Line reports. HSBC had previously announced a proposal to cut its global workforce by 30,000. CEO Stuart Davis said that attrition being an issue in India, filling vacancies was a larger concern. However, there would be reallocation of resources, entailing streamlining of back-end operations and IT systems.If the economy continued to grow at 7.5%, HSBC would step up recruitment. It may not happen in every operation, though, Davis said. So far, the organization has trimmed 5,000 jobs as part of the restructuring in Latin America, the U.S., U.K., France and the Middle East. Around 25,000 layoffs are planned between now and 2013. HSBC has 50 branches in India and 6,000 employees.

Infosys to recruit 25,000 for Hyderabad facility

Bangalore : Infosys will add 25,000 employees at its new centre in Hyderabad. The centre is located in the special economic zone at Pocharam on the Warangal highway. The recruitment will be carried out in two phases. The company will hire 14,000 executives in the first phase and 11,000 in the second. Kris Gopalakrishnan, Infosys CEO and managing director, told Andhra Pradesh Chief Minister Kiran Kumar Reddy of the Pocharam expansion plan during a meeting.There are 4,000 employees at Infosys campus
already. Its centre at Gachibowli has a workforce of 15,000.

August 3, 2011

IT, BPO largest job creators despite slowdown

Mumbai : The IT and BPO sectors have generated the largest number of jobs in India since the economic recession, as per the Union ministry of labor and employment, Economic Times reports. Since October 2008, the IT industry has generated more than 15 lakh jobs. The industry has created five times more jobs than all the other affected sectors. Moreover, for every direct job, there are three or five indirect jobs created. Allied industries such as security, housekeeping and transportation have also followed the growth chart. The sectors are getting corporatized with MBAs managing blue collar workers. The IT and BPO industry grew by 18% in 2010-11 and is expected to reach an impressive 16-17%.

India wants EU to commit visa numbers

New delhi : India has sought a firm assurance from the European Union (EU) on the number of visas to be granted to Indian professionals. The commitment will help expedite its bilateral free trade agreement with the EU. India wants each of the 27 member countries to be very specific about the number of visas granted in sectors that are of interest to it. As part of the free trade agreement, India has conditionally agreed to reduce duties on a large number of goods from the EU. In turn, it expects to make up “substantially” in the services sector. While corporate transferees and business visitors are granted visas easily, professionals and contractual service providers have to meet certain requirements. European countries do not give recognition to qualifications attained in India. The employer also has to prove that the position cannot be filled by European citizens.

August 2,2011

Accenture to recruit 10,000 employees

Bangalore : Accenture, which currently has a workforce of 60,000 in India, plans to hire 10,000 more by August this year, as per TOI. Lack of skilled professionals is a problem for both Indian and overseas companies.One in three employers is not able to find suitable candidates to fill positions, as per a report by the International Labour Organisation. In India, the ratio of people hired to job applicants is only 4%. Immediate steps need to be taken to solve this problem if manpower goals for 2016 are to be achieved.Accenture spent about $600 million internationally on training and professional development of staff in 2010-11.

Indian job market growing despite global downsizing

New Delhi :Despite layoffs the world over, the Indian job market continues to be positive mainly due to projected increase in hiring by retail companies, Financial Chronicle reports.However, experts believe that firms, while upbeat about future recruitment, are more interested in hiring talent, not numbers.
E Balaji, managing director and CEO of staffing services firm Ma Foi Randstad, described the Indian employment market as “cautiously optimistic.” It is estimated that about 1.5 million new jobs are generated every year in India. This is less than the number of people seeking employment. Hiring in the retail sector is expected to grow very fast, according to Mayank Pande of HR firm, Hay Group. Defence, hospitality and nuclear power sectors will also be recruiting.

CEOs are the latest Indian export

Mumbai :More and more Indians are reaching the top in the global corporate world with just ten of them looking after business valued at over $400 billion. These CEOs,the latest export from India,are dominating the corridors of corporate biggies like Citigroup, Deutsche Bank, PepsiCo, Unilever, Adobe, Mastercard and Motorola. Deutsche Bank has recently named Anshu Jain as its co-CEO. Citigroup’s Vikram Pandit has been in the spotlight for successfully leading the $111 billion bank out of a financial crisis. Multinational companies are increasingly identifying Indians to lead their businesses as they have abilities, skills and wide exposure to handling cross-geographical operations, says Sunil Goel, director of search firm GlobalHunt.

August 1, 2011

TCS largest IT recruiter: Nasscom

Bangalore :Tata Consultancy Services (TCS) hired the highest number of people in the IT-BPO sector during 2010-11, as per yearly rankings compiled by Nasscom. TCS was later followed by Infosys and Wipro Technologies as the top recruiters in the sector. The study revealed an increase in hiring, with women accounting for more than 40% of the total recruitment in the last three years. One third of the IT industry is targeting 25% growth and around two-thirds intends to expand workforce by 10% next year. The cost of hiring for 50% of the industry decreased over the last three years due to more referrals, campus recruitment and internal transfers. Recruitment from tier-III cities also saw a surge over the last year.

HSBC says to cut further 25,000 jobs

Hongkong : Global banking group HSBC said on Monday it would eliminate a further 25,000 jobs between now and 2013 as part of a broader cost-cutting drive. "There will be further job cuts," Chief Executive Stuart Gulliver told reporters on a conference call."Another 25,000 roles will be eliminated in addition to the 5,000 already announced. Such layoffs are done as a result of changing economic conditions and expected to have more of layoffs with time.

July 29, 2011

Maruti Suzuki workers end strike at Manesar

Manesar : Workers at Maruti Suzuki plant in Manesar ended a strike on thursday , a company spokesman told.He added that production has resumed at the facility after halting for few hours.One of the supervisors was assaulted by some workers at the Manesar plant and a section of workers had stopped work on Thursday after the company tried to take disciplinary action. India's top car maker, Maruti, 54.2 percent owned by Japan's Suzuki Motor Corp, produces about 1,200 vehicles a day from the Manesar plant, including the hatchbacks Swift and A-Star models and the DZiRE and SX4 sedans.


HSBC may cut more than 10000s of jobs


London / Hongkong : New HSBC Chief Executive Stuart Gulliver in May announced a far-reaching plan to cut costs and revive flagging profits by exiting dozens of countries and refocusing on its areas of strength.Gulliver did not say how many jobs would go as part of the cuts, but analysts expect the bank to axe thousands from its 300,000 global workforce.Europe's biggest bank faces an urgent need for action as more than two-fifths of its businesses are not delivering their cost of capital.HSBC said it will also sell, shut or slim down retail operations in 39 markets, where operations are sub-scale and unprofitable and is looking to sell its U.S. credit card arm and shrink its network of 475 U.S. branches.

July 28 , 2011

Indian firms increase recruitment of NRIs in Q1

Indian companies increased the hiring of Non residential Indians (NRIs) in the first quarter of fiscal 2011-2012, according to the survey done by my hiring.com.NRIs comprised 21 % of people recruited during April-June 2011, as compared to the 16% in the same period last year., an increase of 5% shown now. A robust Indian economy , improved job available , attractive compensation and pull towards the homeland are reasons for NRIs seeking employment here.Companies are motivated to hire NRIs for Indian Postings.

People management trends in 2011


Exit interviews and social media are some of the people management tools used by HR managers during the first half of 2011. Other such tools include a balanced workforce and setting up self learning portals for employees. Use of social media such as official social networking sites have spread in the last six months.Such sites bring staffers and clients together. They also provide a display forum for employee accomplishments thereby giving them a sense of satisfaction.

July 27, 2011

Time- off programs benefit Utility Employers

Kansas City : During the recession, having a well developed time off program was essential for companies looking for a way to compensate employees. Now as companies are pushing towards recovery, Time off programs are one of the cornerstones of highly competitive compensation programs attracting the best talent.Maintaining a healthy work life balance holds more importance for workers today then ever before. By developing compensation time program, employers are helping their employees achieve this balance and are often rewarded with increased productivity in return.

Most companies lost the top talent last year

Philadelphia : Despite the generally slow job market, three out of the four organizations lost their top performing talents according to the survey done by Right management. This management group is talent and career management expert within manpower group, the world leader in innovative workforce solutions.Furious war of top talent is found underway in the markets now as they often show a higher tendency to switch at higher packages. Top talent always has employment options so the risk on their side is less as compared to the organizations which loose them.

July 26, 2011

Top Managers need to improve communication

Bangalore: As per the employee engagement surveys conducted by E & Y in India, the senior executives need to communicate more effectively. The communication scores particularly for India at the level of senior management are too low. Executives in India have placed companies between 25% and 60% on effective communication scale according to the advisory services of E&Y.Employees feel that the top management falls short in areas such as sharing information on strategic priorities and Business direction, sensitivity to employee concerns and seeking their opinion on organizational issues.

Appointment of CPOs doubles

Gurgaon : Appointment of chief privacy officers also called chief security officers by corporate have gone up by 100% during past 4 years according to study done by Price water coopers.The role of this new addition to the C- Suite employees is to safeguard vital business information and prevent it from falling into the hands of competitors. Protecting privacy has become essentially important for the organizations now.CPOs facilitate all security functions and ensure that the company uses up to date technology for business.

Onus of employee motivation on managers , not HR

Bangalore: A panel of industry leaders have said that it is the responsibility of managers to keep employees motivated and not that of HR department as per Hindustan times report. Speaking at a discussion arranged by Hindustan Times, panelists such as Vineet Nayar, vice-chairman and CEO, HCL Technologies and Sanjay Kapoor, CEO, Bharti Airtel, deliberated on whether companies had lost sight of the human element while chasing profits. Companies need to move from command and control based structures to collaborative units.

July 25, 2011

Hiring drops after reaching peak in March- April

New Delhi :Hiring is witnessing a decline after hitting its peak in march and april 2011. After three months of the major recruitments, demand fell in june 2011. shows recruteX, an index that reveals hiring trends after reviewing the demand and supply of Talent across sectors. The slowdown is because of the hint of a caution caused by subdued economic sentiment. Jobs are now also being added but at a much slower pace as compared to the starting months of the year. Financial and the telecom sectors are very slow in hiring this year whereas IT and consumer durables had shown much higher level of hiring this year.

Microsoft to recruit from Indian colleges for Research

Bangalore :Microsoft will now start recruiting directly from top colleges of India to work at its campus In Redmond , US as per The Hindu Business line reports. Currently only its India unit hires from the Indian colleges.Anna university will the first among from which company will hire employees for research & development. Microsoft is also providing software tools to all of the university's 5,70,700 students. The company in India has the head count of 5300 in the country. It has six business divisions in country - Marketing, development center,Global technology center, Microsoft IT, Microsoft global services India.

U.K unveils new Visa category to draw talent

U.K. has introduced a new visa category to attract exceptionally talented people from India and other non-European Union nations, Financial Express reports. The new category will assist people in fields of science, Humanities, engineering and arts to immigrate to U.K.From august 9, 2011 the tier-1 category will open and have 1000 places in the first year of operations.Another 500 places will be open by the end of November this year.Migrants looking for this opportunity need not have to be sponsored by employers.

July 23,2011

Indian IT firms start leadership programs for Women

New Delhi : In order to boost the number of Indian women into the areas of senior management, Indian IT firms are introducing the leadership programs. Indian IT giants such as Infosys and Wipro have started workshops and implemented policies to help female personnel reach top management positions.Multinationals such as IBM, Cisco, HP already have procedures in their place for this purpose. Indian IT firms are working upon this area to make them competent enough to tackle more of challenges at each step. Even small firms such as Mindtree and Mindtrack also help women to tell them advance to senior positions.

Tier 2 , Tier 3 town see rise in Hiring

Hyderabad : The first quarter of 2011-2012 saw high levels of recruitment in small towns and mini metros as per financial express reports.As per my hiring.com club 41% firms hired 23% more employees in tier 2 cities such as Pune and Hyderabad as compared to last year. About 22 % of the total hiring in these small towns was done by engineering and manufacturing sector followed by Financial services and IT industry at 16%, FMCG at 17% and retail at 14%.These places witness the upswing as firms seek more cost effective sources of manpower in comparison to metros where rising salaries and higher attrition rates are challenges.

July 22, 2011

Working mums suffering from stress

Sydney : According to study done at the university of South Australia by center of work and life, the modern day scenario of hectic work schedules affects working mothers and full time working women the most.According to Times of India report 21% of females are going through stress being unable to maintain the balance.There had been 10% increase seen between 2007-2010, in the women who felt their job interferes in their day to day pattern of life and they are unable to maintain the work life balance. The imbalance is also seen in males and this affects their personal lives.

Communication, soft skills must for IT recruits

Mumbai : The IT sector requires English speaking technical talent since most of the business is done internationally.However many candidates applying for jobs in IT sector are no doubt good in their technical skills but they lack the good communication skills, also soft skills like basic etiquettes are found missing in them. Companies are working hard to look over this as an essential component and want the teams to function smoothly.Managing director at hiring and training firm Ad Astra, says that people with good technical skills are distorted in terms of their English and soft skills.

IBM to give 30% hike in salary to Top Indian performers

On its 100th anniversary, IBM is offering 30% hike to employees in India as per Financial Chronicle reports.The IT giant is giving 25-30% hike to the top performers and 15-20% to the standard ones.This increase in remuneration is higher as compared to the one done by Infosys, Wipro and Tata consultancy services. The average industry rise is seen to be 6-8%. This according to reports is done in order to retain the talent as attrition rates are also higher seen among employees these days.

July 21, 2011

Cisco to cut 11,500 jobs from its global workforce

San Jose: Cisco systems has announced that it will cut about 14% of its global workforce or about 11, 500 employees as its functioning on reorganization demands.The company also plans to eliminate about 5000 jobs by selling its set top box manufacturing facility in Juarez, Mexico to Foxconn.The 15% reduction has taken place at vice president level or higher as the company said. The network gear maker expects to save $1bn by eliminating 6500 jobs including those who decided to take up early retirement.

Rising costs may dim China's appeal
Beijing- Labor cost in China are skyrocketing. The low cost environment in the country where abundant, talented human resources can be obtained cheaply is declining.One major factor for this is the presence of migrant workers.In China about 120 million farmers once worked ar factories and construction sites in urban areas, sustaining the nation's economic growth. But in past 3-4 years the number of migrant workers has declined, resulting in the increase in labor costs at a record high pace.

Ahead of Bell : unemployment benefits

Washington : The weekly applications for employment have dropped to a seasonally adjusted 4,00,000 according to survey by fact set.The economy has faltered this years as the consumers, besieged by high unemployment, stagnant wages and tight credit are reluctant to spend.Employers have equally responded by cutting back on hiring. But the concern is rising that economy's weakness will persist.

July 20, 2011

New York Employers face surcharge to cover state's UI interest payments to DC

New York : New York employers have been informed that they must pay an interest assessment surcharge of up to $21.25 for each employee to cover interest payments on money the state borrowed from federal government to keep its insolvent unemployment insurance program afloat.The state department of Labor's unemployment insurance division is assessing the employers a tax of a quarter of present on their taxable payroll.

IT, ITES sectors witness the attrition rate of 23%

New Delhi : The information technology and health care sector are facing the highest numbers of attrition rates in the first quarter of year 2011.These attrition rates as per study are highest among the talented employees, maintaining the critical manpower now as a challange.According to study conducted by 'My hiring club' even the banking and financial sectors are showing the attrtion rates of 18-19%. The main reason behind this is pay packages, career level growth and dissatisfaction from supervisors.

July 19 , 2011

Act Targets discrimination against Unemployed

New York : Under the proposed employment opportunity ACT of 2011, introduced in the House of representatives last week employers and employment agencies would be prohibited from discriminating against the unemployed or placing job advertisement or posts that state the unemployed individuals are not qualified. According to press release by Rep De Lauro more than 6 million Americans have been out of work for more than 6 weeks but the companies across the country have begun to require current employment to be considered for available positions and such discrimination activity is eliminating the employment opportunities across the country.

Google, make my trip ,best companies to work for

Mumbai : Google India, make my trip, Intel , Marriott hotel , American express are judged to be the best companies in India to work for. As per studies and research done these are top 5 companies among the top 50 companies of India. They are recognized to be the worlds best places to work as for 25 years and in 45 countries. They have the best talent in terms of knowledge and performance levels.Also these companies have the best practices and policies for their employees along with various other benefits.

July 17, 2011

Optimistic hiring plans by Indian Employers- Survey done

Mumbai : According to the manpower outlook survey , the survey of 4555 employers reveals that most of them have vigorous hiring plans during the third quarter of the year. India has net employment outlook of 46% as compared to the rest of the world.Employers in all seven industry sectors and all four regions of India report positive hiring plans for next coming three months. The most robust among these sectors are wholesale and retail employers that say the hiring would increase by 51% in each of them. Hiring in public administration sector also hails at 34%.Employers in Asia pacific region present the most positive outlook for employment.

Everonn , Future Group to train retail talent

Ahemdabad : Everonn plans to have skill development programs for its employees.The training programs to be launched soon will be offered at 12 training centers and 15 ITI units at cities liek Bangalore, Kolkata, New Delhi, Ahemdabad and Chennai. They are at aim of creating a trained talent for industry as such.It would leverage its technology strength and also deliver courses from one location to the farthest corners of the country.They say that it will be a step towards bridging the gap by creating skilled professionals across the country. The focus behind this is to increase employ ability and not just providing employment.

July 16, 2011

Infosys Technologies tweaks new processes to stem attrition

Bangalore : Software major Infosys technologies is rehauling its decade old hierarchial system and making the internal processes more flexible for young employees to stem attrition and attract new talent. It has come up with a programme called Talent strategy for 2015 and this strategy is an inspiration from James Suroweicki's wisdom of crowds. The emphasis of this process is that results and higher revenues can be generated from work taken at group level rather than being done individually.

Innovation- the way to success in 21st century

Denver : An interactive session was conducted at University of Colorado by Dr Wayne Cascio , the focus of which was on how human resources department can achieve the organization goals by having a right man power in the organization. He represented the same by use of various examples and made it clear that employees need to equip themselves with the skills which can help in creating a difference and a competitive edge in the market. This makes Human Resources department retain the powerful players and get best out of their experiences.

First vocational education university announced

Mumbai : Team lease India's largest staffing company , has announced that it has signed an agreement with the Gujarat government to set up India's first vocational education university in Gujarat.It will set up 22 community colleges across the state of Gujarat which will give degree programs in collaboration with the employers.These colleges are likely to come over in coming 36 months. It will offer quality via 4 classrooms i.e Physical, Satellite, E- learning and on the job.

July 15, 2011

Many organizations still continue to give vehicle related employee benefits

Detroit : The world at work research report found that the impact of fuel costs on an organization's vehicle related benefits program is less in 2011 as compared to 2008, when the vehicle related benefits survey was first conducted.Only 13% of companies are working to make programs less generous compared to 2008 when 78% either considered or implemented such changes. When it comes to vehicle benefits eligibility, it is concentrated among executives and sales employees. Also this benefit is given to an employee with a bona-fide business need.

Govt. investigating employees who may be abusing workers

New York : The US govt accountability office is investigating fraud and abuse in federal employees compensation act (FECA ) program. Some of the federal employees abuse their workers and government wants to find out such employees. for example the fraud scheme might include a beneficiary working a second job, overstating their workers, compensation claim or collecting the benefits for a deceased individual.Any such information of fraud can be reported at workerscompfraud@gao.gov. Also all the information received would be kept confidential.

Temp staffing in India on growth path

New Delhi : Flexible employment has shown growth in last couple of years and has great acceptance by candidates and employers. Temping could be first form of employement among many young Indians. Staffing industry penetration today is about 0.3- 0.5% among the organised work force compared to developed countries where penetration levels are 2.5-3%.Temp staffing is getting popular in various verticals like IT, BFSI, engineering, retail, logistics , telecom, FMCG etc.

July 14, 2011

Share financial information with employees- keeps them satisfied

Vancouver : Some organizations only feel comfortable sharing their financial information when the news is not good. This message is delivered to take more work from employees.Although this is an essential message but should also be shared in good times. Sandra miles who heads the Miles Employment group, a staffing firm in vancouver urges employers to over communicate i.e explain to the employees that how the company is performing financially and operationally. So it becomes important to make employees realize the value of numbers and how they are important to reach organizations goals.

Avoid the same stereotype interview questions

New York : According to the survey done by accountemps, the same stereotype questions are repeated in interviews and they must be avoided. Most common among them are- Tell about yourself? , what are your stengths ? what are your weaknesses? Mark Murphy says that these questions are no more of relevance as the candidates have well planned and carefully rehearsed answers for these questions. So they are unlikely to be candid. The extent of manipulation in such answers is extremely high and hence these answers cannot be only criteria for the candidate to be selected for a particular job.

July 13, 2011

Retaining employees - are yours getting burned out?

Columbia - When the jobs were plentiful and workers scarce , employee engagement was at forefront of employers thinking. But as per Sandra Miles, who heads the staffing firm at British Vancouver, Columbia , that employers have focused in recent years on pulling their companies through an economic downturn and now its time for them to gaze back to their employees. Many employees feel that the work of three people is taken from one but the salaries paid are not sufficient enough. Exhaustion is setting up among employees due to long working hours and overwork which is creating a negative emphasis on employees and leading to higher attrition rates.

Study identifies the success of green teams

Atlanta : Green teams are no more an exception to corporate America as they have become a norm.The BLR green Team is in its second year as reported by BLR's legal editor Amanda.The team is continuously striving to do better. They are moving beyond green teams to transformation collaborative and it outlines the top four attributes of successful green teams - Executive support, centralized leadership , higher diversity and systems for creating, measuring and tracking initiatives.Green team helped in establishing leadership at centralized level where employees know they can direct questions, concerns and get information.

Florida employer's choice to raise premium accepted by court

Florida- A federal Trial court in south Florida ruled that an employer can legally charge higher health insurance premiums to workers who don't complete their health screenings on time.Those who refused of the bio metric screenings were charged more for their health insurance.This ruling was praised by the compliance director Ed Fensholt for insurance carrier. It validates the importance of these types of activities as they are relevant to the employees.

July 12, 2011

Numerous competencies together define a global leader

New York : According to new research from Mercer - new insights on global leadership development ,organizations need to :-
Acknowledge that Global leaders require different skills and capabilities.
Develop global leaders earlier in their careers and in different way.
Approach global leadership with same intensity as that of global business model.
These competencies help the organizations identify the skills, the mindset and personal characteristics which make these leaders to be more liable towards success.

ERC and Employee screen IQ in partnership

Norwalk : Stronger job growth is seen in 2012 which will increase the openings of Jobs in US both private and government sector. The employers are seeking the talent they need to rebuild their workforce. Taken the lesson from recession now these employers want to hire the best quality people with maximum cost effectiveness.Nick Fishman the co founder of employee screen IQ says that " as we talk to the clients across the country their top priorities are efficiency and value". This is a demand from both the people that they hire and the systems they use. So an intelligent integration of ERC a business solutions company and Employee screen IQ together can bring positive outcomes for employers and their organizational growth.

July 01, 2011

British youths 'can't read or write English properly

London: English being the mother tongue, yet many young Britons are unable to read, write or communicate properly in that language, according to the head of the British Chambers of Commerce."Businesses expect young people to come forward to them who are able to read, write, communicate and have a strong work ethic and too often that's not the case," 'The Daily Telegraph' quoted Frost as saying in an interview with BBC Radio 4's Today programme.
He added: "There's a stream of highly able eastern European migrants who are able to take those jobs and that's why they're taking them on. They are skilled, they speak good English and, more importantly, they want to work."

A new application for women security

Kochi: A Kochi-based tech firm launched 'Sentinel', billed as the first smartphone application for improving women's security. The free app will a user send e-mail and SMS alerts to multiple pre-configured numbers. The alerts consist of the last known location, direction of travel and details like mode of transport and vehicle number that the traveller can enter and other details to close friends or familyand police stations in case of need/crisis.The application would run on smart phones with Android, Blackberry, Symbian, iPhone and Java operating systems and can be downloaded from http://sentinel.mindhelix.com/.According to a survey by Assocham Social Development Foundation, more than 53 percent of women feel insecure at workplaces, especially at night, and this was what struck MindHelix, which is a start-up company formed in December 2010 by an engineer and two engineering students with the aim of incorporating multi-faceted technologies under one roof.

June 30, 2011

Indians lead in emerging markets in the area of charity:

A report by the global consultancy firm Bain& Company,says that there is a 50 percent hike in the donation since 2006 by the wealthy Indians. The donation has approximately been increased to $5-6 billion in 2010 from $2 billion in 2006. The report reveals that the rich Indians plan to increase the donations for the charity in the next five years. As it is believed that the population of rich Indians is increasing, advanced techniques have come up to help the wealthy lot to donate more.

Stream Global Services Announces New Additions to Executive Leadership Team

Boston:Stream Global Services, Inc. announced Gregory Hopkins as Executive Vice President of Global Sales. Hopkins brings over 25 years of experience in driving sales solutions to deliver the highest quality of service for clients and their customers. He has joined Stream from Netlink North America, where he served as Chief Executive Officer since May 2010.

June 27, 2011

Kerala expected to become India's new Silicon Valley

DUBAI: Kerala is expected to become an IT hub as the advantages enjoyed by Bengaluru, the country's 'Silicon Valley', are thinning down.The CEO of Infopark Kochi, Gigo Joseph remarked at the congestion in India's leading IT hubs as major reason for Kerala being presentedwith the unique opportunity to market itself as an alternative investment destination for IT and IT-enabled services companies.Moreover, it can benefit from IT companies starting to prefer the lower operating expenses of Tier 2 and Tier 3 locations for their bases.

New foreign secretary- Ranjan Mathai

The government of India has decided to appoint Ranjan Mathai , India's ambassador to France , as the next foreign secretary. Mathai will succeed Nirupama Rao, who is tipped to be India's next ambassador to the US.

Top Indian executives now to get performance-linked pay

In a survey released by Mercer consulting firm, there will be greater pay governance at senior levels due to rapid pay increases in prior years and increasing instances of inadequate delivery by the senior team.This will mean greater scrutiny by boards and compensation committees on fair use of remuneration benchmarks, increased use of performance criteria and more clauses in a employment contract that allow companies to take or hold back components of pay if certain performance criteria are not fulfilled by the employee.

June 24, 2011

PEC students create a biometric voting machine

Chandigarh: Students of PEC University of Technology have created a biometric Electronic Voting Machine (EVM) that can prevent bogus or multiple voting.The project started as part of their curriculum, but the budding engineers soon realised its wider implications and potential. They are now in the process of getting their prototype patented, and are set to approach industrial and public organisations to check its feasibility for wider use.

Indian Americans Named as White House Fellowship Finalists

Fremont: Three Indian Americans Sonika Bhatnagar, Chad Pillai and Darshak Sanghavi, are the national finalists for the coveted White House Fellowships. They would be amongst the other national finalists and will go through the selection process that consists of interviews with members of the President's Commission on White House Fellowships.

Indian millionaires increased to 1.5 lakh-Global study

Bangalore: The number of millionaires in India surged to a record high of 1.53 lakh in 2010, making the country's high networth individual (HNI) population 12th largest across the globe, as per a global study. At the same time, the annual survey alos found that Indian millionaires also showed growing interest in investments like luxury collectibles (luxury cars, boats and jets), and in sports.

June 23, 2011

Germany to open doors for skilled workers

Berlin: Faced with a shortage of highly qualified specialists and skilled workers in many hi-tech fields, Germany has eased the restrictions on migration of some professional groups from non-EU countries that had made it more difficult for them to find work in the country.German Institute for Labour Market Research estimates that the country will face a shortage of around 6.5 million specialists and skilled workers by 2025 as a result of an ageing population if effective steps were not taken to offset the decline through migration and by developing domestic resources.Many experts and labour market analysts argue that this minimum salary requirement is the biggest hurdle for highly qualified job-seekers from non-EU countries to migrate to this country.

Azim Premji among 4 Indians in Forbes' 'Heroes of Philanthropy'

SINGAPORE: Forbes Asia on announced its 'Heroes of Philanthropy' list for the fourth year running, with four Indians among the top 48 philanthropists. India's biggest philanthropist Azim Premji of Wipro, transferred nearly USD 2 billion of his wealth last December to an irrevocable trust that focuses on education and children's health and nutrition.Another billionaire, Shiv Nadar of HCL Technologies takes the brightest children from the poorest villages of rural India and sends them to boarding school.Next, Infrastructure-based GMR Group founder Grandhi Mallikarjuna Rao, 61, pledged USD 340 million in March, his 12.5 per cent personal stake in the business and one-eighth of his family's share, through an irrevocable endowment to the GMR Varalakshmi Foundation.Bollywood actor Vivek Oberoi leverages on his star power to give back through his foundation.The 34-year old has donated USD 3 million to date and helped raise $25 million to support education, health and disaster relief.


June 21, 2011

CEOs spend more time on talent management activities, says survey


New Delhi:According to the survey by Monster.com,most of the CEOs in the country are spending more time on dealing with talent management-related activities,because of dearth of skilled workforce.The findings are based on a survey of CEOs from 114 leading companies across diverse sectors.About 80 per cent of the participants said that human resource issues are core to their companies' success.About 68 per cent of the respondents said that time spend for talent-related activities has gone up in the recent years while 79 per cent noted that such focus would increase further next year.As per the survey, around 70 per cent of the respondents spend maximum time on leadership planning and development.

June 17, 2011

$16 Billion lost per year to corruption

Chicago:In an event organized by Chicago Council on Global Affairs, Kiran Bedi, IPS officer-turned social activist commented outloud that "out of every Rs 100 meant for infrastructure development, only Rs 16 is used and Rs 84 is lost to corruption in india.She remarked,if India is free of corruption, it could become the most developed country in the world and all its debt would go away.She added that corruption has increased because there was no system to check it and there was no system in place to handle the negative aspects of positive growth.

June 16, 2011

Celebrations: 400 years of ties between Oxford and India

OXFORD: For the first time in history the University of Oxford is celebrating its close links with India by rejoicing on the Oxford-India Day' bringing together scholars and a select group of Indian business, academic and policy leaders.Oxford has been home to thousands of Indian students since the late 19th century and the relations still continues.

June16, 2011

Yahoo! India to take internet education programme to schools

Bangalore:Yahoo! India Senior Director (Marketing) Nitin Mathur informed media that the company has chosen an educative route to help users discover the power of the internet and started its 'Learn with Yahoo programme', which is running across 2,500 cyber cafes across India and 185 in UP.The programme has received an encouraging response from people in the first phase and now in the second phase, it would be run in schools also.

June15, 2011

DHL Employee as a Human Resources Executive of the Year Finalist

Miami:DHL, the world's leading logistics company, has announced Vice President of Human Resources and Regional Compliance Officer, John Hovnanian, as a finalist for the Human Resources Executive of the Year category of The 2011 American Business Awards. John manages a team of 86 HR professionals across the Americas region, supporting more than 8,000 employees. Based out of Miami, he is a highly experienced human resources professional, known for his innovative solutions.

Salary increment of 10-13% across industries: Survey

According to staffing firm Kelly Services' annual Employment Outlook and Salary Guide 2011-12, 2011 proved a breather for the Indian employees as companies doled out salary hikes in the range of 10-13 per cent across industries.Most of them are offering 'spot bonuses' to employees to retain them as companies have to maintain parity in terms of basic salaries among their workforce to keep bright talent from being poached.In terms of salary, IT saw a surge of lateral hiring especially positions with niche skills. The action is mainly in the middle level which has also seen a rise in salary.

June13, 2011

Wipro names global head of BPO, new CFO

Manish Dugar has been appointed as senior vice-president and global head of Wipro BPO and Jatin Dalal as the new chief financial officer for the IT Business. Manish Dugar has been a long term member of the Wipro Technologies leadership team and will now drive Wipro’s worldwide position in the BPO space.

June 05, 2011,

Bangalore no more a favourite IT hub:

According to a survey by Associated Chambers of Commerce and Industry of India (Assocham), with around 800 directors, CEOs, CFOs, Chairmen and MDs of Indian and multinational companies,Gurgaon and Noida are now becoming the preferred location for IT companies. IT companies are now more interested on making up their IT offices in Noida and Gurgaon. The offices include IT, IT-enabled services (ITes), business process outsourcing (BPO)and knowledge process outsourcing (KPO).

June 02, 2011,

Kicking in sleep could be Parkinson's:

Washington: Researchers international team, led by the University of Sydney,have claimed to have found evidence that acting out in dreams - like kicking or punching - may actually be a warning sign for early onset of Parkinson's disease.They believe that the disease spreads slowly through the brain and these non-physical symptoms can often predate the disease by many years, potentially offering an early way of recognising the condition.

June 01, 2011,

Ashutosh Bhagwat on the Governors board of members

Indian American, Ashutosh Bhagwat has been appointed as the Board member for California Independent system Operator. Het was appointed by Jerry Brown, California Governor on May 2, 2011 to a term that expires on December 31, 2013.Ashutosh Bhagwat is a graduate of Yale College with Honors in History in 1986. He was awarded a 'Juris Doctor' with Honors degree in 1990 from the University of Chicago Law School. Currently he is a Professor of law at the University of California, Hastings College of the Law.

Social Networking Sites lend a Recruiting Edge

As per Reuters report,recruiting firms are increasingly turning to social networking sites including LinkedIn and Twitter to find employees for clients. They have allowed the recruiters to find passive candidates and get employee referrals from other people. These sites provide access to wide communities of people within a specific skill set or area of expertise who come together and discuss issues, concerns and industry trends, which are incredibly valuable for networking and finding people within a desired industry.Because there are so many niche communities and industry groups on social media, recruiters can tap into these networks to look for people with specific skill sets and talent.Facebook, Twitter and LinkedIn together are helping give a boost to staffing firms' efficiency as they provide an additional channel to extend recruiting.

May 30, 2011

Promoting CEOs from within makes a significant mark, says report

In a study by management consultancy A.T. Kearney on S&P 500 non-financial companies over 20 years (1988-2007) in Dubai, has shown that businesses that exclusively promoted CEOs from within the organisation outperform companies that recruit CEOs from outside the organisation.In the international study, 36 companies with CEOs promoted within the company outperformed others across seven measurable metrics: return on assets, equity and investment, revenue and earnings growth, earnings per share (EPS) growth and stock-price appreciation.

May 27, 2011

India ranks among entrepreneur-friendly nations: Global poll

London: A global poll has declared India along with U.S., Canada and Australia, among the nations with the best cultures in the world for people to start a new business, .The world's two major economies - U.S. and China - are also among the most favourable countries for innovation and creativity, according to the results.Most countries surveyed in Asia were found to have a well-developed entrepreneurship culture, and except Pakistan, all had good ratings on the entrepreneur-friendly index.Indonesia scored the highest ratings of all participating countries in the survey (2.81), just ahead of the U.S.India and Australia were ranked fourth (2.73) and fifth (2.72), while China and the Philippines also rate relatively high (2.66 and 2.62 respectively).

May 26, 2011

Wipro ex-CEO Pranajpe the new Managing Director of Bloom Energy Int'l

Bangalore: Former Co-CEO of Wipro IT Business Girish S Paranjpe has joined the Silicon Valley-based Bloom Energy International as Managing Director. He will be responsible for developing the global market for Bloom Energy's presence beyond the US.

Mobile payment through Smartphone's-Google

New York: Google has introduced mobile payment system that will let shoppers pay by waving their phone instead of using a credit card. Google will offer mobile payments with MasterCard and Citibank, as well as with cell phone carriers, hardware manufacturers and retailers. These mobile wallets will be initially available only on Google's Nexus S phone and will use a Citibank-issued Master Card credit card number and a virtual Google Master Card prepaid card. Consumers can make payments at any of the 124,000 merchants that have Master-Card's Pay Pass terminals, which accept contactless payments.

Internet creates 2.4 jobs for every job it destroys

According to a report by McKinsey Global Institute, the Net has a high impact on growth, prosperity and has "created 2.4 jobs for every job that it has destroyed".McKinsey further noted that the fact that some jobs have been destroyed by the emergence of the Internet, a detailed analysis of the French economy showed that while the Internet has destroyed 500,000 jobs over the past 15 years, it has created 1.2 million other jobs.

Guru Ghosh joins Virginia Tech

Virginia: Guru Ghosh, director of international programs for the California State University System's Humboldt State University, has been appointed as associate vice president for international affairs,and will join Virginia Tech in July reports IndiaWest.

Tanmanjeet Singh - the youngest mayor in UK

Bangalore: Tanmanjeet Singh Dhesi has been named as the mayor of Gravesham at the annual council meeting of Gravesend Council of United Kingdom. At the age of 32 he boasted the record of being the youngest Sikh Mayor and second youngest mayor in the history of Gravesham.He has been elected by majority of Labour councillors in Gravesham council in the south-east county of Kent and this is also the first time that there have been five councilors of Punjabi origin elected from Gravesham.

 

May 25, 2011

India likely to be world's 3rd-largest economy by 2030: StanChart

New Delhi: According to reports by Standard Chartered India could emerge as the world's third-largest economy by 2030, benefiting from strong domestic demand and favourable demographics.However, the banking entity noted that country's reform agenda need to be sustained for achieving high growth.In 2010, the world's major economies were USA ($14.6 trillion), China ($5.7 trillion) and Japan ($5.4 trillion). India did not figure among the top ten, as per International Monetary Fund data.By 2030, StanChart said India will be at number three position with an economy of $30.3 trillion, behind China ($73.5 trillion) and US ($38.2 trillion).It said that the country's demographic advantage, with half its population below the age of 25 years, with rising per capita income will ensure strong domestic demand.

Rajan Mittal joins Brookings Institution board

New Delhi: Rajan Mittal, the Vice Chairman and Managing Director of Bharti Enterprises, has joined the board of renowned American think tank Brookings Institution.He has now become a member of the board of trustees of the Brookings Institution, a private non-profit entity focused on independent research and innovative policy solutions.He is the only Indian on the board.

May 24, 2011

For the fifth quarter India tops global consumer confidence

in a survey by Consultancy firm ,Nielsen an online poll revealed that India topped the global consumer confidence level for the fifth straight quarter, out of the 28,000 people who participated from 51 countries, and 1,000 people in India.They highlighted the consumer mentality that since inflation is going to continue for a whilthey would prefer buying things now when they can afford it.However, it is expected that people shall change the consumption pattern if inflation is not controlled.

Facebook hiring for 350 positions globally

New Delhi: Social networking site Facebook is hiring for over 350 vacant seats globally, including India, in order to meet its growing business demand.According to job postings on its website, Facebook has 378 job openings worldwide which includes 12 positions in India. Among its various position, Facebook is looking for head of public policy or corporate communication in India.It is also hiring in legal, finance, public policy and communications, technical and online operations, product marketing and Human Resource Department.

May 20, 2011

Binge drinking impairs memory of youngsters:

In a study by Universidade de Santiago de Compostela, Spain, binge drinking can attack memory even in adults as young as 18 years of age.Heavy alcohol consumption makes it more difficult to build new memories because the hippocampus, a brain area which plays a vital role in learning and memory, succumbs to its poisonous effects.The study examined 122 Spanish university students aged 18 to 20 years of age divided into two groups -- those who engaged in binge drinking and those that abstained. They were then subjected to a neuropsychological assessment which included recalling visual and verbal experiences.

Man Booker International Prize:U.S. novelist Philip Roth

American novelist Philip Roth, known for books like "Goodbye, Columbus" and "Portnoy's Complaint" was honoured with the biennial 60,000 pounds Man Booker International Prize at the Syndey Writers' Festival.

Revisiting history on the Himalayas:

Indian schoolboy, 17-year-old Arjun,became a climbing sensation last year by becoming the youngest Indian to conquer Mt Everest, created a new record by becoming the youngest in the world to ascent Mt Lhotse, the fourth highest peak.

May 19, 2011

Crompton Greaves acquires Emotron for $82.2 Million

Crompton Greaves, an Avantha Group's engineering firm, acquired Sweden-based Emotron Group for $82.2 million. In the past six years, Crompton Greaves has acquired eight companies including Pauwels, Ganz, Microsol, Sonomatra, MSE Power System, Power Technology Solutions and three units of Nelco. The firm reports that with the acquisition of Emotron, they are able to bridge the gap in the automation solutions space for the firm's industrial business.

Key priorities for employers

New York: According to a survey by Buck Consultants,with the employment outlook improving in the US, employers are focusing their compensation programmes on hiring and retaining top talent.The key priorities are now to recruit and retain.For this they are using hiring bonuses to attract talent and retention bonuses to keep them.

Optimism in the Indian CFOs with regards to others

As per the fourth annual American Express/CFO Research Global Business and Spending Monitor, 87 per cent of CFOs in India are expecting economic expansion in the country in the next year, while 75 per cent of global executives expect economic expansion in the same period.Moreover, even higher proportions, 93 percent Indians expect to see modest or substantial top-line growth at their companies during the same period.

Indian youth hooked to text messaging

In a survey by ASSOCHAM,between January and April 2,000 youngsters from 12 to 20 years of age were interviewed in cities like Delhi, Mumbai, Chandigarh, Kolkata, Patna and others, with Delhi topping the list.nearly 70 percent of Delhi's youngsters prefer messaging over other forms of communication like face-to-face conversations, voice calling, social networking, instant messaging and e-mailing, whereas the national figure stands at 60 percent.

Citi's Vikram Pandit gets $22.5 Million retention package

Washington: After working for years for a token annual salary of $1, Citigroup's Indian American CEO, Vikram Pandit has received a $22.5 million retention package that's partly tied to the future performance of the banking giant.The award will vest in three equal installments at the end of 2013, 2014 and 2015 - but only if Citi's personnel and compensation committee decides Pandit has reached performance goals tied to regulatory capital and risk management, company culture and talent development, including succession.The Company has decided for this award to retain Vikram as their CEO and reward him for future performance benefiting the company and the shareholders.

May 17, 2011

NV Tyagarajan to succeed Pramod Bhasin as Genpact CEO

New Delhi: BPO major Genpact, CEO and President Mr Pramod Bhasin shall step down from his post and as member of the Board and shall become non-executive vice chairman of the company.Current Chief Operating Officer Mr NV 'Tiger' Tyagarajan will take over Mr Bhasin's role, with effect from June 17, 2011, according to a released statement.

 

May 05, 2011

Ramdev plans fast-unto-death, seeking death penalty for graft

Mumbai: Yoga guru Baba Ramdev has announced of his itention ngo on a fast-unto-death from June 4 in New Delhi to demand capital punishment for corrupt officials and recovery of black money stashed away in Swiss banks by Indian politicians and businessmen. Ramdev said that names of all foreign bank account holders should be made public and high denomination currency notes like of 500 and 1,000 be banned. He is likely to be joined by social activist Anna Hazare, former police officer Kiran Bedi and Karnataka 'Lokayukta'(ombudsman) Santosh Hegde and his supporters in India and from abroad will join him in the hunger fast.

May 04, 2011

Job-hopping tendencies declining post slowdown: GlobalHunt

In a report by executive search firm GlobalHunt, job-hopping tendencies in the country have declined post the global economic slowdown, in light of huge lay-offs where employees who switched jobs frequently paid the price. Now most people do not want to change jobs for the sake of changing, unlike in the past. This is because people who were changing their jobs every 6-9 months were the first to be laid off during the slowdown.On an average, since 2009, the proportion of people who are changing jobs cautiously has increased up to 50 per cent, compared to the pre-slowdown period.This trend is noticed across sectors especially in mid and junior levels.On an average, the lay-off rate across sectors during the slowdown was 10-15 percent, he said.

 

May 03, 2011

Attrition challenges for Indian businesses

According to a report by Deloitte Consulting, emerging economies such as India are seeing high attrition rates, which are estimated to be in double digits.Stressing on the overall negative impact of employees leaving a company, it has been noted that the attrition cost is about "three or four times" that of the individual's salary.Young population in India is not only producing a wider talent pool, but also seem to be resulting in increased attrition across industries.Many companies are now focusing on talent retention initiatives, including skill development programmes and long term rewards to meet the attrition challenges.

May 02, 2011

R K Upadhyay appointed Chairman and Managing Director of BSNL

Mumbai: R K Upadhyay is the new Chairman and Managing Director of BSNL, the largest telecom operator in the country effective from April 30.

Being active on Facebook and Twitter can help get the desired job

New Delhi:According to a research conducted by Ma Foi Randstad, with increasing number of users globally, social networking sites such as Facebook and LinkedIn are turning out to be happy hunting grounds for employees seeking new jobs. Majority of employees surveyed felt that social media are helping them to find new jobs quickly and efficiently.About 87 percent of Indian employees use social media to find information about an organisation's work culture. 75 per cent track movements and events of their favourite companies, so that they are up-to-date for attending job interviews and 75 percent would hesitate joining a company if their co-workers have given negative reviews about the company.Moreover, the survey found that 90 percent of Indian employees have an individual accounts on Facebook, Twitter, LinkedIn and out of them, 81 percent use it for professional purposes.

May 01, 2011

Osama bin Laden is dead

Bangalore: The founder and spiritual figurehead for al Qaeda, Osama bin Laden, is reported dead by CBS news.The long-lost terrorist mastermind had eluded an aggressive hunt by U.S. authorities for nearly ten years since the attacks on the World Trade Center in New York and the Pentagon in Washington, D.C. on Sept. 11, 2001.CBS News correspondent Lara Logan reports that human intelligence was vital in killing bin Laden, which is an important boost to the image of U.S. international intelligence.President Barack Obama is expected to address the nation on the subject shortly.

April 30, 2011

KV Kamath named new Chairman, Shibulal new CEO Of Infosys

The board of directors on Infosys on Saturday met and announced KV Kamath as the Chairman of the board and SD Shibulal as the new CEO. Infosys Technologies will now be renamed Infosys Limited and all new appointments would be effective from August 21, 2011.

April 28, 2011

Seven Indians in 50 top women-led North American firms

Washington: Indian origin women lead seven of the 50 fastest-growing women-owned or women-led companies in North America, according to the non-profit group the Women Presidents' Organization (WPO) and American Express OPEN.To qualify for the list, companies were required to be privately held, woman-owned or women-led, and located in the U.S. or Canada. They were ranked according to a sales growth formula that combines percentage and absolute growth. Leading the Indian contingent is Himanshu Bhatia of Rose International, Montana, Contingent Workforce Services, in the third place.Ranjini Poddar of Artech Information Systems, New Jersey, IT Consulting in the seventh place comes next followed by Rachna Agarwal of Expedien, Texas, Business Intelligence in the 12th place.Gloria Rajkumar (16) of SIMAC Canada, Ontario, Coordinate Independent Medical Assessments, Kiran Gill (21) of PARS Environmental, New Jersey, Environmental consulting firm and Anjali "Ann" Ramakumaran (26) of Ampcus, Virginia, Consulting services take the next three places.Sonu Ratra of Akraya, California, IT and Marketing staffing in the 37th place brings up the rear.Shelly Sun led the fastest-growing company on the list, BrightStar Care, a home healthcare and medical staffing company based in Illinois, which quadrupled its revenue in just two years to $100 million.

25 million Facebook users in India

As per the social networking site news, the number of Facebook users in India have crossed the 25-million base mark.This covers range from business people and students to public figures and institutions, including Finance Minister Pranab Mukherjee, the Delhi Traffic Police and bollywood perfectionist Aamir Khan.

India puts restriction on internet freedom

India has now come out with online censorship. April 2011 saw the enactment of Information technology Rules Act 2011 and the new rules curtail freedom of internet speech to a very big extent.As per the Act any statement that threatens the unity, integrity; defense, security or sovereignty of India, friendly relations with foreign states or public order are ought to be removed from the content of web. Hence the act is very vague as to its definition. This is likely to invoke even more controversy in days ahead.

April 27, 2011

Technology to monitor deployment of teachers

According to HRD Ministry,new software has been developed to monitor teacher deployment as a mode to implement the Right To Education Act in India.The software will have potential to generate a list of under-served and over-served schools, create a vacancy database, generate a list of vacancies subject-wise and correct existing imbalances in teacher deployment.

Mike Lewis appointed as Vice President of 'TAKE Solutions'

Chennai: 'TAKE Solutions' has appointed Mike Lewis (Mike), former Global Life Sciences Leader with IBM as their Vice-President. With more than 20 years of Sales and Management experience in Technology and Life Sciences to drive the Sales Unit of North America, Mike enters TAKE Solutions.

NASSCOM appoints NIIT Rajendra S. Pawar and TCS Chandra

NASSCOM has named Rajendra S. Pawar as the new Chairman of its Executive Council and N. Chandrasekaran, CEO and MD of Tata Consultancy Services as the Vice Chairman for the year 2011 -12.

CEO of L&T Infotech, Sudip Banerjee quits

Bangalore: Sudip Banerjee, CEO of L&T Infotech, has resigned from the job in order to take a break and concentrate on his personal life. He quit Wipro in 2008 to join L&T Infotech as the CEO.

April 26, 2011

Two Indians selected as Yale World Fellows

Washington: Two Indians figure among 16 World Fellows for 2011 selected by the Ivy League Yale University as part of its "signature global leadership development initiative" and its commitment to internationalisation. They are are Monika Halan, editor of India's second largest business newspaper, Mint Money, and Sonali Kochhar, Medical Director, India, Institute for OneWorld Health.

Safra Catz, the new CFO of Oracle

Boston: Jeff Epstein, Chief Financial Officer of Oracle has resigned and is being replaced by President Safra Catz.Safra, has been a president of Oracle since 2004, also served as Chief Financial Officer from November 2005 to September 2008.

Excessive computer use spurs risky behaviour among teens

Washington: according to a study, excessive computer use among adolescents can spur multiple-risk behaviour (MRB) like drug use, drunkenness and unprotected sex.Since adolescents are exposed to considerable screen time -- over 4.5 hours on average each day, they're constantly seeing images of behaviours they can potentially adopt.

 

 

April 22, 2011

Kids watching TV for hours? Beware

Bangalore: In a research conducted by University of Sydney researchers on 1,500 six-to-seven-year-old children in 34 primary schools, showed that the increased health risks from each hour a day of TV was similar to that associated with an increase in blood pressure.Six-year olds who spend most of their time watching TV could end up with narrower arteries in the eyes, increasing their chances of heart disease, high blood pressure and diabetes in later life.

April 22, 2011

American firms prefer younger CEOs

New York:As per the research conducted by Equilar,American corporates prefer young candidates already working in the company as chief executive officers (CEO) rather than outsiders,when it comes to taking over the management reins.It found that 73 per cent of the incoming CEOs were internal hires,however, 24.9 per cent of the CEOs were hired from outside the company,for the remaining 2.1 per cent of firms, a former CEO returned to re-take the reins.

April 16, 2011

Anxiety can weaken bones

Sydney: In a research conducted over 8,000 men and women from central Norway, researchers found a link between depressive symptoms and reduction in bone mineral density.Participants underwent forearm bone mineral density scans, reports the Journal of Affective Disorders.As per Deakin researcher Lana Williams it was found that depressive symptoms and anxiety symptoms in men were associated with lower bone mineral density.Though there are several known risk factors for low bone mineral density, such as advanced age, gender (women are at greater risk than men), familial predisposition, low levels of sex hormones, inadequate calcium intake and vitamin D deficiency,yet the recent possible association between psychiatric illness - particularly depression - and osteoporosis has been the subject of a growing body of research.

April 15, 2011

Mohandas pai quits Infosys:

After 17 years of Pai's association with Infosys, his resignation came unexpected to everyone when the company reported lower-than-expected fourth quarter net profit and revenue and when there was a wide speculation that Pai would become the COO. Pai’s resignation is the biggest one in the company’s history since Nandan Nilekani quit. Pai called out loud that he would neither join politics nor UID project, and will spend substantial part of time in the public service, working with government on educational policy and helping in setting up universities.He plans to retain links with corporate world and shall join the board of couple of companies, which would have systemic influence on India.

Former Microsoft India Chairman inducted into Infosys board

Ravi Venkatesan was inducted into the board of directors of Infosys as an additional director of the company with immediate effect.He would hold office upto the date of the annual general meeting in June when his appointment as a director would be placed for approval of the shareholders.

April14,2011

Kapoor to take charge as Reckitt CEO

Rakesh Kapoor has joined the likes of Citigroup’s Vikram Pandit, PepsiCo’s Indra Nooyi and MasterCard’s Ajay Banga as he assumes his new responsibility as head of Reckitt Benckiser Group.Kapoor’s elevation definitely reinforces the importance of Indian market for the global FMCG.

April 13, 2011

iPad 2 tablets for kindergarten students

Boston: A revolution in education industry.A school district in Auburn, Maine will dish out 200,000 dollars to buy iPads for nearly 300 kindergarten pupils for the next school session starting around August this year.Apart from their alphabets and numbers, the kindergarten students will learn drawing and music on the hi-tech gadget through apps for phonics, building words, letter recognition and letter formation.With its touchpad screen the ipad 2,is simple to use and can bring learning to life with imagery and sounds.

April 12, 2011

Rohit Kapoor joins CA Technologies Board of Directors

Mumbai: Rohit Kapoor, 46, CEO of ExlService Holdings has been elected to the Board of Directors of CA Technologies.The Board is likely to name Kapoor to the Board's Audit Committee.

April 11, 2011

Changing trends in Indian Marriages

Bangalore: In an online survey by BharatMatrimony on Changing Trends in Marriages it was reflected that the perception of the people and their outlook towards marriages are changing. More than 55 percent of the nearly 5200 people who took part in the survey voted companionship as the most important ingredient for a successful marriage. Only 19 percent believed that economic stability was more important for a successful marriage; physical intimacy came third with 10.3 percent. Interestingly, only 5 percent felt that it was necessary to have children for a marriage to be successful. About 10 percent said that sharing the same religious beliefs were essential for marital success.About 72 percent of the respondents felt that companionship was more important than personal freedom.

Muthuraman elected new CII president

Tata Steel vice chairman B. Muthuraman has been elected the new president of the Confederation of Indian Industry (CII) for 2011-12 while Godrej Group chairman Adi Godrej is the president-designate and CEO and managing director of Infosys Technologies S. Gopalakrishnan has been elected the vice president for 2011-12.


April 08, 2011

Business School students all set to enter Bollywood

New Delhi: After management guru Arindam Chaudhari, who created a mark in film production with "The Last Lear" and "Do Dunni Chaar," a group of business management students at one of the premier B-Schools in the country are ready to follow suit.Friday Night Productions, a venture of students at Indian School of Business, is all set to debut in the hindi film industry with "Buddha in Traffic Jam," a mainstream political thriller, based on the life of a business school student Vikram Pandit. They have proven the thought as wrong that business students have nothing to do with film making. Instead right from marketing and raising money for the film to its promotion and publicity they have taken it as job of a business management student.

Dreaming helps in remembering

Bangalore: Dreaming helps in remembering, says a new study. Researchers have found that dreaming helps people to store memories -- in fact, the rapid eye movement (REM), stage of sleep -- when one dreams -- is part of the memory process.REM sleep is vital for pulling together all the information we process daily and turning it into memories to use later. This helps to understand more about the benefits of sleep.Meanwhile Harvard studies have claimed that a good memory may help people to see their own future. as memories support the formation in our minds of future events.

It's the victory of democracy: Sibal
New Delhi: Human Resources Development Minister Kapil Sibal called it a 'victory of the democracy' when it was reached to form a joint committee of ministers and civil society leaders to draft an anti-graft legislation that had prompted social reformer Anna Hazare to announce that he would end Saturday morning his fast-unto-death undertaken for the measure.

 

April 07, 2011

Virtual economy:India and China get over a lakh jobs

Washington: According to a World Bank study, fast growing virtual online currencies and digital work worth $3 billion is providing real income opportunities to people in developing countries with more than 100,000 people in countries like China and India earning a living through online games and websites disseminating micro-tasks.. It was found that jobs in the virtual economy include micro-tasks like categorising products in online shops, moderating content posted to social media sites or even playing online games on behalf of wealthier players.

Ex Wipro CEO Suresh Vaswani appointed Dell India Chairman

New Delhi: Suresh Vaswani, former Wipro joint CEO, has been appointed chairman of Dell India and chief of applications and business process outsourcing organisation of Dell Services.In his role as chairman of Dell India, Vaswani will carry the responsibility of enhancing Dell's global delivery capabilities and expanding the company's presence in the Indian IT market.


HCL founder Shiv Nadar to head IIT-Kharagpur's board

New Delhi: Shiv Nadar, founder of software major HCL, was appointed the chairman of the board of governors of the Indian Institute of Technology (IIT), Kharagpur.The HCL founder has taken over the chairmanship from B. Muthuraman, vice chairman of Tata Steel. He now increasingly spends his time on the philanthropic initiatives of the not-for-profit Shiv Nadar Foundation.

 

April 02, 2011

Adi Godrej new chairman of Indian School of Business

Godrej group chief Adi Godrej who has also been a founding member at the school, on Saturday took over as the Chairman of Indian School of Business, replacing Rajat Gupta who had put in his papers in the light of the controversy over his alleged involvement in the Galleon hedge fund scam.

April 01, 2011

German executive Albert Hieronimus new MindTree Chairman

Global IT solutions and product engineering services firm MindTree has appointed German executive Albert Hieronimus as new chairman in place of co-founder Ashok Soota who quit the post March 31.Hieronimus, 62, is also chairman of German automotive major Bosch Ltd, formerly Mico Industries Co Ltd (MICO) and has been an independent director of MindTree since 2006.

Number of working mothers soars

The proportion of mothers who work has increased dramatically in the past 15 years to almost equal the figure for women who do not have children, ONS figures have shown.In the last three months of 2010, 66.5 per cent of mothers were working, compared with 67.3 per cent of women without a dependent child. In 1996, there was a gap of 5.8 percentage points between the two groups.ONS analysts said the gap had closed because a growing percentage of mothers had chosen to work full-time, while the number of part-time workers has remained the same.

March 31, 2011

India to create 1.6 Million jobs in 2011

In an employment survey by Ma Foi Randstad for the second successive year, more than one million new jobs will be created in India's organised sector in 2011, led by the healthcare sector, but there will be no attractive pay hikes for those in harness.Another sad factor is that there will be no attractive compensation package for freshers as the wage bill hike across sectors for 2011 is pegged between 8.82 percent and 12 percent.

Literacy rises by 9.2 percent, now 74.04 percent

New Delhi: According to provisional data of the 2011 census, India's effective literacy rate has recorded a 9.2 percent rise to reach 74.04 percent. Literacy rate has improved sharply among females as compared to males. While the effective literacy rate for males has risen from 75.26 to 82.14 percent marking a rise of 6.9 percent, it has increased by 11.8 percent for females to go from 53.67 to 65.46 percent.

March 30, 2011

Now charge your mobile phone with your heartbeat

Bangalore: Scientists have discovered that "nanogenerators" powered by our heartbeat can replace conventional batteries in about five years.A team of researchers at the Georgia Institute of Technology led by Dr. Zhong Lin Wang have developed tiny nanogenerators that use small movements to generate enough power.The researchers hope that as the nanotechnology used in the chip evolves, it could lead to electronics which don't require batteries or mains powerbut just tiny movements such as the pinch of a finger, can generate power.

March 29, 2011

Poonam Alaigh quits as New Jersey health chief

Alaigh was the second Indian-American to be appointed to a cabinet post in New Jersey after Kris Kolluri, former CEO of the state's Schools Development Authority and former Commissioner of New Jersey's Department of Transportation.She has resigned from the cabinet level post after 14 months in office, citing personal reasons.

 

March 24, 2011

IT heads against the idea of making CSR mandatory

Bangalore : Infosys'' CEO S Gopalakrishnan commented at the lunch of legendary investor Warren Buffett that philanthropy should not be made mandatory for Indian corporates, instead examples should be quoted to encourage people to follow this path. Wipro Chairman Azim Premji also came out strongly against the idea of formulating laws on mandatory spending by industry on corporate social responsibility , as he feels larger corporations already have enough social consciousness to drive it as their responsibility.

 

March 25, 2011

IT and BPO to witness 10-12 percent salary hike

Nasscom President Som Mittal in Global captive conclave 2011, stated that the year 2011-12 may witness a salary hike of 10-12 percent in IT and BPO sector. The present financial year is expected to see a growth of around 18.5 percent in the IT and BPO sectors. He further stated that decline in the attrition rate is another aspect to look upon. The attrition rate is down by 3 percent to 16 percent and expectations are there for it to come down even further.

Over 4,000 cities to turn off lights during Earth Hour

Moscow: Over 4,000 cities from 131 countries will turn off their lights during the global Earth Hour event Saturday, as declared by the World Wide Fund for Nature (WWF).Earth Hour is organised annually on the last Saturday of March by the WWF.It refers to ones chance to vote for Earth by shutting down your lights between 8.30 p.m. and 9.30 p.m. in your local time. The origin of the campaign is traced back to Australia in 2007 when businesses and residents in Sydney turned off their lights for one hour to make a statement about energy use and global warming.This year Andy Ridley, co-founder and executive director of Earth Hour, has requested people to commit to the event, for the coming year, taking Earth Hour beyond the hour.Cities participating in the global initiative will not just switch off their electricity, but will also plant greenery and install LED street lamps.


March 23, 2011

US to accept H1B visa applications from April 1:

The US would start accepting applications for H-1B visa, for the financial year 2012 from April one.As mandated by the US Congress, the fiscal year cap on H-1B petitions for 2012, beginning October 1, is 65,000.The first 20,000 H-1B petitions filed on behalf of individuals with US master’s degrees or higher are exempt from this cap, as per the US Citizenship and Immigration Services (USCIS).US businesses use the H-1B program to employ foreign workers in specialty occupations that require theoretical or technical expertise.Such workers include scientists, engineers and computer programmers among others.Software professionals from India are said to be the biggest beneficiary of this visa.

UK announces new restrictions on student visas:

Britain is toughening its student visa rules, British Home Secretary Theresa May pointing out to the closing of bogus colleges and turning away students who can't speak English well in a bid to reduce immigration.The minimum English proficiency for degree-level students will be raised and assessed with tests, although universities will be permitted to make their own assessments.However, students who lack the required level of English for university will still be allowed to attend preparatory courses that help them progress to university.Students studying at private colleges will be barred from working, while those wishing to stay in the country after their studies can only do so if they find employment that pays at least 20,000 pounds ($38,000) a year.

Merger of two telcos benefits the Indian IT biggies:

The telecom world is ringing with the news of AT&T planning to buy T-Mobile and the deal is likely to benefit the Indian IT Industry to a large extent especially the biggies like Infosys, Cognizant and Tech Mahindra. With the two telecom companies coming together they bring a hundreds of millions worth projects. The projects are the future prospects of the two companies integrating their systems and to lower their operational costs.

Attrition 'big worry' for Indian employment market:

In a report by global HR group Randstad, attrition is turning out to be a big worry. People are being offered high salaries and companies are taking each other's talent.India's job market has been witnessing double-digit attrition levels in many sectors, including IT, while salaries are also rising at a faster pace.Europe would be looking at India for talent, mainly in sectors such as IT and chemical engineering that need highly-skilled people. FMCG, IT,telecom and R&Dwould be among the sectors that are likely to see increased employment opportunities in the coming months.

Mary Gold Joins Marketing Resources as Executive Vice President:

CHICAGO— Marketing Resources Solutions Inc. a professional marketing services company, announced Mary Gold as Executive Vice President. A marketing veteran with over twenty years of CPG, B2B, and start-up marketing experience, Gold will lead the company’s day-to-day business activities and help continue to grow and cultivate client relationships.

March 22, 2011

First Indian to head University at Buffalo as the 15th president:

Bangalore: University at Buffalo Provost Satish K. Tripathi is recommended by Chancellor Nancy L. Zimpher of the State University of New York as the next president of the university.Chancellor Zimpher has requested the SUNY Board of Trustees to convene a special meeting in April in Buffalo to formally consider Tripathi's appointment for the post. She also named Tripathi as UB's officer-in-charge, effective immediately, with all of the responsibilities and authority of a campus president.

Intel's senior most Indian quits:

Bangalore: Anand Chandrasekhar, senior vice president and general manager of Intel Corporation's Ultra Mobility Group, is leaving Intel after 24 year of career with the company. There is not much information about his abrupt resignation, apart from his mentioning that he is leaving to "pursue other interests".

Right Management Appoints Ronnie Tan to Lead Global Talent Management Practice:

PHILADELPHIA, PA — Ronnie Tan is going to head Right Management’s global Talent Management Practice and serve as the leader for the Center of Excellence. Right Management is the talent and career management expert within Manpower, the global leader in innovative workforce solutions.

 

 

March 21, 2011

Midwest employers see limited hiring

According to a survey done on 700 businesses across USA by Right Management, a majority of employers in the Midwest remain cautious about the current year and expect to hire on a limited basis.

Haryana to evolve integrated financial, HR management system

Chandigarh- The Haryana Finance Department has decided to hire a consulting agency to evolve an integrated financial and human resource management system to integrate the working of different departments and agencies. This would help in synergies of operations, help cut down delays, unleash efficiencies and result in improved governance and faster delivery of services, both across departments, as well as to the people. A pilot system is going to be evolved to showcase its efficacy and viability that would follow integration of the inter-department back office operations of all departments and government agencies.

Solace from inflation: Companies hike salaries

The hike in inflation rates has enabled organisations to provide competitive salaries so that ratio of expenses/savings remains proportionate to the increasing levels of inflation.Direct impact is visible more at junior and entry level where companies have increased salaries up to 30-40 per cent.India is expected to see one of the highest salary hikes this year at 12.9 per cent, according to global HR consultancy Aon Hewitt.

March 20, 2011

Lakshmi Mittal retains top spot in Asian Rich List

London:According to the Asian Rich List 2011 by Eastern Eye, a weekly publication brought out by the Asian Media and Marketing Group, Mittal and his family's wealth stood at 15.5 billion pounds, 1.5 billion pounds less than a year ago, still retaining his top position as the richest Asian in the UK.

 

March 18, 2011

MIT honours two Indian American professors

Houston: Two Indian-origin professors are among the four to have been named 2011 MacVicar Faculty Fellows for their outstanding undergraduate teaching, mentoring and educational innovation at Massachusetts Institute of Technology (MIT).They have led important curriculum changes and made significant contributions to programmes in student life.

India will see skill revolution in two months: PM

New Delhi: Prime Minister Manmohan Singh said Friday that in the next two months, India would see a skill revolution for the empowerment of the youth.The government has launched a skill development programme and constituted a National Skill Development Corporation with the aim of imparting training to 500 million people by 2020.


March 16, 2011

Mukesh Ambani named director Bank of America

New York: Reliance Industries Chairman Mukesh Ambani has been appointed as a director on board of Bank of America -- the first non-American on the board of the one of the largest financial institutions in the world. Ambani is a member of the Indian Prime Minister's Council on Trade and Industry. Among others, he is a member of the Indo-US CEOs Forum, the co-chair of the Japan-India Business Leader's Forum, and India-Russia CEO Council.The business tycoon also serves on the Foundation Board of the World Economic Forum.

March 15, 2011

Vivek Lall quits Boeing, to join Indian aerospace company

New Delhi: Vivek Lall, vice president for Boeing's defence, space and security operations in India, is quitting the world's biggest aerospace company and shall be joining one of the top 10 Indian companies venturing into all these fields.The name of the comapny is still not disclosed but is likely to be one of the Mumbai majors.

Pawan Goenka appointed SsangYong's Chairman

New Delhi: Auto major Mahindra & Mahindra's President for Automotive and Farm Equipment sectors Pawan Goenka has been appointed as the Chairman of the newly acquired Korean firm SsangYong Motor Co.SMC's new CEO is Yoo Il Lee and Dilip Sundaram from M&M has been appointed as the Korean firm's new CFO.The newly appointed board has three independent directors, which includes ex-Renault Vice-President and CFO Thierry Moulonguet, Korea's former Ambassador-at-large for Economic Affairs, Kim Kihwan and Dean of Ehwa Women's University College of Business, Suk Suh Yoon.

Time for Indian startups to bet on freelancers for faster growth-

At present, it's mostly manufacturing companies, small sized consulting firms; small size public relation and advertising companies, who are leading the outsourcing trends.There has been a tremendous shift from scouting for a pure cost-saving solution to one of hiring the best talent at the best cost because small businesses do not have the budget for that. This is where freelance is opening up huge opportunity.

UK's curb on recruitment of chefs to adversely impact Indians

LONDON: As part of its continuing moves to curb immigration, the UK government today dropped chefs and other occupations from the shortage list, which is likely to hit the 3.2 billion pounds Indian restaurant industry , among others.

Besides banning the hiring of chefs from outside the European Union, the new curb includes other occupations such as high-integrity pipe welders, airframe fitters, electricity industry site supervisors, skilled meat boners and trimmers and skilled sheep shearers, estate agents, hairdressers and beauty salon managers.

Minimum wages hiked for Indian workers in UAE

DUBAI: The minimum wage for 36 categories of workers who want to work in the UAE came into effect on Tuesday and will apply to new recruits in the country.While the previous minimum wage level, fixed several years ago, ranged from around Rs 7,400 to Rs 12,450 (600-1,000 dirhams), the new increased level will be from around Rs 11,833 to Rs 17,250 (950-1,400 dirhams).This is a pre-condition set by the embassy to attest the job contracts of Indian workers who hold ECR [Emigration Clearance Required] passports.

Forum Sponsors Human Capital Institute (HCI) Track: Leadership Practices for the 21st Century

Washington, D.C. – The Human Capital Institute (HCI), the global association for strategic talent management, announced today that The Forum Corporation is sponsoring HCI’s “Leadership Practices for the 21st Century” webcast track. Forum is a pioneer in linking learning to strategic business objectives.The 21st century will be marked by complexity, faction friction, and rapid change. Succeeding under these conditions will require that, relative to their competitors, leaders create clarity, unity, and agility. These factors reduce time to value and increase value for individuals, teams, initiatives, and organizations over time, calling it, strategic speed.

March 11, 2011

European HR leaders positive about prospects

HR leaders are continuing to enjoy a strong level of support and cooperation from their CEOs, according to a new study.Eighty-three per cent of HR leaders surveyed for this year’s European HR Barometer felt that their CEO had a “very high perception of HR activities” compared to an appreciation level of 43 per cent amongst employees.The number of organisations expecting to add new jobs increased to 28 per cent, up from 20 per cent last year and only 8 per cent the year before. But the study also found that while seven out of 10 HR directors were happy in their role, the proportion seeking to leave the HR profession had risen from 8 per cent in 2010 to 22 per cent this year. A further 29 per cent were aiming to leave their company, compared to 13 per cent in 2010.

Depression may heighten risk of kidney failure
London: Depression, is now revealed as a factor in the increased risk of developing kidney failure.Investigators examined whether depression predicted the onset of kidney disease or other medical problems in which the kidneys play a critical role, reports the Clinical Journal of the American Society Nephrology.The researchers found that depression coincided with the presence of chronic kidney disease (CKD) and was 20 percent more common in individuals with kidney disease.

March 10, 2011

Meet the youngest CEO of the country

Chennai:A 14 years old girl, Sindhuja Rajaraman, the ninth standard girl,CEO of Seppan,launched her Chennai based animation company in October 2010. She is the youngest digital caricaturist certified by Corel Corporation, India, fastest 2D animator in the country certified by Nasscom Animation and Gaming Conclave, 2010.she had also made a Guinness Book record attempt for the fastest animation film. The film was on Exnora, a Chennai based non- profit organization. She made it to mark the occasion of 10-10-2010. She did a three minute animation film in ten hours. Now she is awaiting her results.She aims to study at the Vancouver Film School in Canada and would like to specialize in animation.Sindhuja dreams that when she is 20 year old,Seppan would be a company with a turnover of one crore.

Sony promotes Hirai as possible successor to CEO

Tokyo: Sony Corp signaled on Thursday that Kazuo Hirai would succeed CEO Howard Stringer. Hirai's new role oversees consumer products and services, which make up the bulk of Sony's 7 trillion yen ($85 billion) in sales.The new CEO will however face the challenge of coming up with hit products and improving profit margins at a firm struggling to compete with Apple, Samsung Electronics and Nintendo.

Jayashree Venkatraman named Chairperson of AMCO Batteries

Chennai: Jayshree Venkatraman, daughter of the late Amalgamations Group Chairman A Sivasailam, has been elevated form vice chairman to chairman of the company after the demise of his father.

Aptech appoints Pravir Arora as EVP-Enterprise Business

Bangalore: IT training services provider Aptech announced the appointment of Pravir Arora as Executive Vice-President for Enterprise Business.He joins Aptech with several years of domestic and international experience, having worked at various strategic level roles with leading multinational corporations such as Wipro, Digital Equipment, Compaq, CA and Sun Microsystems.

March 9, 2011

Shannon Lane Named Managing Director of Sales at ARAG North America

DES MOINES, IA — ARAG®, a global leader of legal insurance, has announced the appointment of employee benefits sales professional Shannon Lane as Managing Director of Sales in the Northeast. Lane, who is based in Boston, will work with brokers and employers throughout the region to offer a unique employee benefit, the ARAG Legal Center, which provides a platform of flexible legal solutions with no direct cost to employers.

iCIMS Partners with Jobmagic to Power Social Recruiting

HAZLET, N.J. (March 9, 2011) — iCIMS, the second largest provider of Software-as-a-Service talent acquisition solutions, has announced a partnership with Jobmagic , a market leader in social recruiting. This partnership solidifies iCIMS’ recruitment marketing practices, bringing enhanced candidate management offerings to the organizations’ 880+ global customer base across three solutions: recruitment marketing, applicant tracking and onboarding solutions.
The platform enables customers to attract and hire high quality candidates from Facebook, Twitter, LinkedIn and several hundred other social networks through the iCIMS Recruitment Marketing solution. There are more than 600 million active users on Facebook and 175 million registered users on Twitter, with 95 million tweets written per day. “Social media has opened the way for companies to recruit unique talent at lower cost per hire,” said Jindrich Liska, chief executive officer of Jobmagic. “Partnering with iCIMS gives customers the competitive advantage of recruiting high quality talent fast.”

James H. Davis is new human resources VP at Ulster Savings Bank

KINGSTON — James H. Davis has been hired as vice president/human resources at Ulster Savings Bank.Davis will oversee all aspects of the human resources department, including hiring, performance, training and development, compensation and benefits, employee relations, leadership development and talent acquisition.Before joining Ulster Savings Bank, he served as a vice president at State Street Corp. in Boston.

March 8, 2011

One female independent director in firms must: MCA

New Delhi: As a gift to women on ‘Women’s Day’ the ministry of corporate affairs has decided to include a new provision in the proposed Companies Bill, which would make it mandatory for companies with five or more independent directors to have at least one woman director on board.Corporate affairs minister Murli Deora, on Tuesday said, “the proposed provision in the Companies Bill will give rightful due to our women in the corporate world.” Deora said the move would help in bringing women at the helm of corporate affairs on the company board as independent directors. According to him, this will be a tribute to Indian women.

HTC Global services to recruit 3,000 people

Chennai:Global IT and BPO service provider HTC Global Services would recruit 3,000 people by next fiscal, a figure quoted by a top company executive.

HCL, Orion jointly launch BPO diploma course

New Delhi:Indian software company HCL Technologies (HCL) and BPO training institute Orion Edutech today jointly announced the launch of a diploma course to train the youth for entry in the business process outsourcing (BPO) industry.Under the agreement Orion will customize its Diploma in BPO Management (DIBM) to suit HCL’s industry specific talent requirement. This program will be called the ‘Orion Diploma in BPO Management – Powered by HCL’.According to the terms of the partnership, selected candidates from the ‘Orion Diploma in BPO Management – Powered by HCL’ will be absorbed into HCL as project trainees.On completion of the in-house three-month training cum probation selected candidates will be awarded the ‘Orion Diploma in BPO Management – Powered by HCL’ certificate.These selected candidates will be made full-time employees of HCL Technologies’ business services division.

McDonald’s join hands with HCL Infosystems for kids laptop

New Delhi:Retail food chain company McDonald’s India and IT hardware company HCL Infosystems have come up with offer for kidsMcDonalds has tied up with HCL Infosystems to give kids patrons a chance to win the HCL ME Kids Educational Laptops with the purchase of Happy Meal.A coupon will be given to every customer who buys an Air Toy Happy Meal. The customer will have to answer a simple question printed on the coupon and send the answer, name and first three letters of their city to 56767 and lucky winners will get the HCL ME Kids Educational Laptops. The prizes will be announced every hour."With this initiative kids get quality food, entertainment through fun toys and education through educative HCL ME Kids Education laptops.

India to see 12.9 % salary hike in 2011: Aon Hewitt

New Delhi:Employees in India are expected to see a salary hike of 12.9 per cent this year, among the highest in the world, as industries are benefiting from the country's robust economic growth, according to Aon Hewitt.Led by engineering services sector, the projected jump of 12.9 per cent in salaries for this year is higher than the actual increase of 11.7 per cent seen in 2010.

Indian cos plan aggressive hiring over next 3 months

In an employment outlook survey carried out by Manpower firm, employers (in India) from manufacturing, finance, insurance, real estate, public administration and education and wholesale and retail trade report strongest hiring plans to date.The manufacturing sector leads the way with a hiring outlook of 56 per cent, followed by finance, insurance and real estate (55 per cent).

 


March 7, 2011

Laptop below 5000: Young initiative from Orissa

Bhubaneswar: Chandrasekhar Panda and Saswat Swain, two young student-innovators from Orissa have come up with an idea to provide laptops below 5000. Weighing approx 1.3 kg, the iWEBLEAF laptop has a 10.2 inch LED wide screen monitor, a 320GB hard disk and a standard 84 key keyboard. Its other key features include, a 1.3 megapixel camera, 3 CELLS 2200mAh Li-battery, GMA 950 integrated graphic card and so on.

Top Indian-American in U.S. state department quits for private sector

Washington: Indian-American Richard Verma, Assistant Secretary of state for legislative affairs, who played a key role in U.S.' negotiations with Russia on the historic Strategic Arms Reduction Treaty, is leaving the state department for private sector.

MNCs helped women play greater roles in corporate sector: Study

New Delhi: Increasing number of multinational firms in the country has helped Indian women to play a greater role as managers and entrepreneurs in the corporate sector, according to a study.Industry body Asscoham said in study titled 'Corporate Women: Close the Gender Gap and Dream Big' women executives would play a fundamental role in building and shaping market-leading institutions."Increased role of private sector and increase in the number of multinationals has facilitated a slow but definite rise in number of women managers and entrepreneurs in the corporate sector," the study released on the eve of International Women's Day said.

Global destinations woo Indian outbound tourists

New Delhi: The growing image of Indians as globetrotters has prompted even lesser known economies to show interest in the booming Indian tourism market.Countries such as Tanzania, Philippines and Uzbekistan, which do not figure on the top 10 outbound tourist destinations for Indians, are now jumping the bandwagon by organising travel shows, offering discount coupons and promoting cultural links.

528 placement offers made at IIM Lucknow

New Delhi: The campus placement at IIM, Lucknow, concluded with a total of 528 offers being made for a batch of 366 students, said the institute in a statement."This is the largest graduating batch to be placed across all IIMs, till date," the statement added.The offers made include 70 pre-placement offers, 213 lateral offers for higher entry placement and 245 offers during the final placement week, said the statement adding, 206 companies participated in the placement process this year.

Your voice can tell if you are likely to stray

Toronto: Beware! Your voice could give you away if you are likely to cheat on your spouse or partner, says a new study.Women believe the lower a man's voice, the more likely he's going to cheat, just as men think that a high pitched woman tends to be unfaithful."So the more attractive the voice - a higher pitch for women and lower pitch for men - the more likely the chances he or she will cheat".

Hire Help

Federal agencies have slashed the time it takes to hire a new employee down to 105 days, according to a new report by the Office of Personnel Management."All agencies are focused on achieving dramatic reductions in their overall hiring time and reducing hiring time to 80 calendar days for the most commonly filled positions," the report states.

 

March 5, 2011

Delhi's slum children to get Australian degrees

New Delhi: Delhi's slum children will now be able to study in Australia under an exchange programme between the University of Melbourne and voluntary organisation Asha, officials said here Tuesday."This is going to be the first-of-its-kind Asha model as we focus on urban poor, mainly slum children, to give them access to higher education from a country other than India," Asha founder Kiran Martin said.A new India-Australia partnership to support the needs of Delhi's urban poor will operate in three areas - research, education and community engagement.

Report: Temporary workers boosting economy

The U.S. economy's efforts to recover are being driven by an increase in temporary employment as companies move to meet growing demand for their products and services, according to Jeff Joerres, chairman and CEO of global staffing firm Manpower Inc. Dayton’s second largest staffing company.Next week, Manpower will release its quarterly Employment Outlook Survey, which measures employers’ hiring intentions for the next three months and serves as a bellwether of labor market trends and activities.

March 4, 2011

Wipro to remove employment bond for freshers

Bangalore: Here is a good news for freshers searching for jobs.Wipro Technologies is preparing for the talent war this year. Wipro used to ask to make a payment of 75,000 while signing the employment contract but now they have removed the policy.With this,the company plans to offer double digit wage hikes this April.But, Wipro will still have a service level agreement for a period of 15 months for the employees.The company feels that it will improve the quality of hires and at the same time they will not lose employees after the significant effort in training period.

I Love Rewards Inspires Employers to Recognize and Reward on Employee Appreciation Day

Boston & Toronto, March 4, 2011: I Love Rewards, the leader in employee rewards and recognition solutions, inspires employers to go beyond a paycheck to recognize and reward employees today, on Employee Appreciation Day.The 2011 Employee Engagement Report found that only 31% of employees are engaged, which means that the remaining 69% are achieving their highest level of productivity to drive bottom-line results. March 4th’s Employee Appreciation Day is an opportune time to instill a culture of recognition at any workplace. Performance-based recognition should be promoted across all levels of an organization and attached to meaningful rewards. A paycheck does not influence an employee’s level of motivation or engagement, but specific praise and a desirable reward has a lasting impact on long-term performance.

March 3, 2011

Only 96 Asians hold board seats in the fortune 500 companies:Washington:

Only a minuscule 2.08 percent of the total 5,520 board seats in the Fortune 500 are held by Asian and Pacific Islanders and only 98 of these companies have API inclusion on their boards, reveals Leadership Education for Asian Pacifics (LEAP) on its newest leadership series report measuring Asian and Pacific Islander (API) inclusion on Fortune 500 boards.

Malaysia to recruit 45,000 Indian workers: Minister

Malaysian government has decided that 45,000 Indian workers would be recruited in a bid to overcome shortfall of employees in various businesses in this country. Human Resources Minister S Subraman pointed that several industrial sectors were facing shortage of manpower and might have to cease operation if the scenario continued.

HR practices in India 10-15 years behind the curve: Pai

Bangalore:Human Resources practices in India are 10-15 years behind the curve and it is imperative to remodel them to suit the changing needs, aspirations and behaviour patterns of the skilled workforce, Member of the Infosys Board T V Mohandas Pai said here today.Addressing CII Karnataka Annual H R Conference 2011, H R for Emergent India, said, "India is producing talent and intellectual capital that is world class. HR practices need to reflect the reality."He, however, added, "Human Resources in India is 10-15 years behind curve." "There is lack of research and case studies on career development framework. There is no career architecture," he said. Besides there is also lack of structured process to handle business in a way that is not people dependant.

Average pay deals approach 3 per cent

Rise in long-term deals amid inflation worries: Average pay rises have surged towards the 3 per cent mark in the private sector this year, according to the latest figures released by Incomes Data Services (IDS).Median pay settlements were 2.8 per cent in the three months to January 2011, up from 2.2 per cent in the last rolling three-month period, the IDS Pay Report found.Almost half of UK pay awards were at 3 per cent or above, although no public sector pay settlements were included in the quarterly analysis.

March 2, 2011

Overqualified’ Candidates? Look Deeper:

When you have a job opening, you’re predictably inundated with résumés and you weed out applicants with too much experience and too many skills. This author says that is likely to be a mistake.It has been found that most recruiters assume the worst about candidates with more skills and experience than a job requires: “Those candidates will want too much money and will jump ship the minute they find a better offer, “ they say. A recent Harvard Business Review article suggests that when you ignore applicants you feel are overqualified for your openings, you miss the opportunity to add talent to your organization. “The article points out that ‘overqualified’ candidates tend to show a better work ethic, stay, on average, longer than less-qualified candidates, and as long as they are empowered are happy workers,”

Texas cracks down on unemployment fraud-Houston Business Journal:

The Texas Workforce Commission said Tuesday it has prosecuted 35 Austin-area individuals in 2010 for fraudulently obtaining unemployment insurance. The individuals were prosecuted and ordered to pay $153,897 in restitution.

Low rental, talent pool help IT growth in Andhra towns:

Hyderabad- Tier-II cities such as Visakhapatnam, Vijayawada, Tirupati and Kakinada in Andhra Pradesh are driving the growth of the IT sector on the back of lower rentals and availability of talent.

B’lore most preferred job city for engineering students:
New Delhi- Seven out of every 10 engineering students in India prefer Bangalore as their 'first job' city, ahead of the capital Delhi, reveals a survey.

March 1, 2011

Help at hand for young entrepreneurs:

Chandigarh: For those struggling to establish small and medium-scale businesses, there is good news. Hands-on financial and technical aid will be made available to budding entrepreneurs in Commonwealth nations.The first experiment of the youth entrepreneur programme will be started here soon through the Commonwealth Youth Programme (CYP). It will then be replicated in other countries.

Keep Employees Motivated: Offer Diversity Training to Everyone:


Diversity is a relatively new term being applied to an age old concept. Diversity training focuses on the differences that exist among people in the workplace. These differences may be cultural or involve age, gender, religious, educational, social, or other factors. Providing diversity training to all employees helps create greater awareness throughout your organization of the importance and value of differences in people.

Collective Bargaining in National Spotlight, Public Reaction:


On February 11, 2011, Wisconsin Governor Scott Walker introduced his budget repair bill that would curtail collective bargaining for many workers. Union supporters are protesting, arguing that the "right-to-work" legislation is more concerned with targeting unions, rather than saving money. However, Walker and fellow officials argue that emergency measure is needed to balance the state budget and give government the tools to manage during economic crisis.

Weight Loss, Stress Top Employee Wellness Concerns for 2011:


Weight loss and stress were reported as the top health concerns of employees for 2011, according to a recent poll.In addition, worker stress levels have increased within the past few years as a result of economy-related factors, such as layoffs, increased workloads, employees taking on second jobs, and lower household incomes. A recent Buck Consultants survey reported on the top strategies used by employers to reduce stress. The top strategy was an employee assistance program (78%), followed by, flexible work schedules (63%), and then work/life balance support programs (46%).

February 28,2011

Infosys into visa and tax fraud for profits?

Washington: An American employee of Infosys has filed a case against the Indian company accusing it of systematic visa and tax fraud to increase profits.In his 13-page complaint filed before an Alabama Court early this week, Jack Palmer alleged that Infosys sent lower level and unskilled foreigners to the U.S. to work in full-time positions at its customer sites in direct violation of immigration laws.

Budget promises more money for all-farmers to corporates

New Delhi: Promising more money in the hands of households by hiking the income tax exemption limit and lowering tax surcharge for corporates, Finance Minister Pranab Mukherjee Monday presented the general budget for the next fiscal with a fair dose of reforms and steps to curb inflation, check corruption and push growth.

Education gets 24 percent hike in budget allocation

New Delhi: Observing that education is the key to reaping the benefits of the demographic dividend in the form of a young population, Finance Minister Pranab Mukherjee Monday announced a 24 percent hike in the budget allocation for education taking it to 52,057 crore.

Student visa curbs spark fury in UK

As India takes up the issue of imposing new UK student visa curbs, major stake-holders in Britain have opposed the measures that are likely to result in thousands job losses and a cut in the annual contribution of 5 billion pounds to the British economy from the international student market.

February 27, 2011

'Strategic use of IP would aid India's growth-

Zinnov Management Consulting in a recent white paper said the number of patents filed in India rose at an average of 11 per cent in last three years to over 36,000 annually."If there is one thing that is important that is going to be...Strategic use of IP as a tool for the benefit of the Indian industry,"Microsoft's Corporate Vice President (Intellectual Property Group)Horacio E Gutierrez told PTI."We believe that increased focus on it will only be a tool for supporting the growth of other segments of business and industry in India and abroad," he noted.According to the Economic Survey 2010-11, efforts are afoot in terms of budgetary allocation and actual initiatives to boost the development of skill and human capital.

Now Facebook plays part in college admissions too-

Perfect score is not the only criteria for getting admission into a reputed college in US now, off late, Facebook too has become an important selection tool.Four out of five college admissions officers use Facebook to recruit students, according to last year's survey by Kaplan Test Prep."We found that 82 per cent of admissions officers reported that their school is using Facebook to recruit students," Russell Schaffer, Kaplan's Senior Communication Manager, told All Facebook.The website StudentAdvisor reports at least one case of an applicant being rejected because of something in his or her social media profile.

Call for education sector reforms-

“This young population should be considered as a valuable asset which, if well equipped with education and skills, can contribute effectively to the development of the national as well as global economy.” (Economic Survey 2010-11).Education continues to be an integral part of the government’s agenda. The pre-budget Economic Survey has called for significant reforms in the education sector, including effective implementation of the Right to Education (RTE) Act in order to make the most of the country’s “demographic dividend.” With a population of over 1 billion, the government has a challenging task in ensuring universal elementary education.

Women more competitive than men-

London:Women may be the fairer sex but they are more cunning and competitive than men when the going gets tough.Instead of physical violence women rely more on subtle forms of aggression, such as excluding someone from a group if they think they are a threat, reports express.co.uk.

February 25, 2011

Unpaid internships break the law but only 12% of managers know it-
Sian Harrington: Just 12% of managers understand that companies may be breaking the law if they offer unpaid placements. Furthermore, 60% of people who have heard of internships think that companies exploit interns as a source of free labour while 9% think that companies should not pay their interns.

Demand for migrant workers rises
Sian Harrington: Demand for migrant workers has increased despite rising levels of unemployment, with more than a fifth of employers planning to recruit migrant workers in the first quarter of 2011.However, one in six (17%) UK employers have been prevented from recruiting non-EU migrant workers due to the temporary cap on non-EU workers that is due to end in April 2011 and be replaced with a permanent cap.

February 24, 2011

Employers ‘should have monitoring policy for social networks’

Employers worried about client contact information leaking out their business via social networking sites - or losing star employees by the same route - should consider putting a monitoring policy in place, experts have said.However, employers who want to check up on employees’ use of LinkedIn or Facebook should make sure that their employees have given their agreement to the policy, said lawyers at a recruitment and technology conference.

Employers welcome gender targets for boards
But lack of compulsory quotas ‘could be a missed opportunity’
Employers have welcomedLord Davies’ “pragmatic” recommendations to boost gender diversity in the boardroom through voluntary actions rather than compulsory quotas.The report, Women on Boards, set FTSE 100 firms the target of having 25 per cent female members of their boards by 2015, and recommended a range of actions for promoting opportunities for women in their organisations.

Employers look for communication, critical thinking skills

WASHINGTON:It seems your boss was right while hiring you, for a new study has found that communication skills, critical thinking skills and writing skills are three key qualities which most employers look for in a job seeker.
Researchers at Oklahoma State University have based their findings on an analysis of over 450 employers- they found that the three are the crucial attributes most employers value while hiring a potential employee.

Railway's bread & butter untouched in Budget 2011?

Bangalore:Railway Minister Mamata Banerjee might have pleased many with her Railway Budget 2011 that had been delivered today (Friday, Feb 25) in Lok Sabha. But there is no doubt that the Railway Minister has failed to impress corporate India with her fifth Rail Budget.Freight, which is believed as the bread and butter of the Railways, has been ignored much in the Railway Budget 2011. The cross subsidising passenger fares with freight fares has led to a decline in the freight traffic over last few years.

 

February 22, 2011

Senior women reject boardroom quotas:

Lord Davies’ review into the gender balance of boardrooms, set to be published next week, will shun compulsory quotas for women in favour of a more deep-seated approach, according to HR experts.The review is expected to provide recommendations that employers support flexible working, set up mentoring schemes for senior women and bring about culture change through training programmes.

Three-quarters of women hindered by glass ceiling, says survey

Nearly three-quarters of female managers say they still face gender prejudice that prevents them achieving promotion, research suggests.In the survey of 3,000 managers by the Institute of Leadership & Management, 73 per cent of women said that the glass ceiling still exists, while only 38 per cent of men agreed.Moreover, a third of women (36 per cent) feel that their gender has hindered their career progression, a figure that rises to almost half (44 per cent) among those women over the age of 45.

Engineering firm first to be guilty of corporate manslaughter

An engineering firm has become the first UK employer to be convicted of corporate manslaughter, after an employee was crushed to death at work.The charges against employer Cotswold Geotechnical Holdings were brought under the Corporate Manslaughter and Corporate Homicide Act 2007, which came into force in April 2008.Cotswold Geotechnical Holdings was found guilty of killing geologist Alexander Wright, aged 27, who was crushed to death when a trench collapsed at a site near Stroud in September 2008.The firm denied the charges, but a police investigation found that the company had a “cavalier attitude” to health and safety.

New CEO of Ma Foi Randstad
New CEO of Ma Foi Randstad Chennai, Jan. 14 Global HR services provider Ma Foi Randstad today appointed Mr E. Balaji as Chief Executive Officer for India and Sri Lanka business. In his last role at the company, he was heading the staffing solutions business, which comprises permanent staffing, flexi staffing, career skills training and assessment service offerings of Ma Foi Randstad, which is part of the Netherlands-based Randstad that generated revenue of 12.4 billion in 2009.

NLC's new Director (Personnel)
NLC's new Director (Personnel) Mr Sarat Kumar Acharya Chennai, Dec. 27 Mr Sarat Kumar Acharya has been appointed as the Director (Personnel) of Neyveli Lignite Corporation, from December 16. Prior to this position, he was the General Manager (HR) of National Thermal Power Corporation-SAIL Power Company Ltd, a joint venture company of NTPC and SAIL. Mr Acharya has over 30 years of experience in HR and industrial relations, according to a company press release.

Human Resource Management Terms n Topics for best HR Practices and HR Policies in India

When any organization start to visualize their business, their first priority is to hire competent work force means right person on the right job. Such art and knowledge need supporter called staffs and are human resource of the organization. HR can improve the level of management, be helper to increase the efficiency, and let the manager to be effective. So Human resource is like a strategic asset of an organization. If there is any platform from which HRs can benefit then it will prove to be worthy for both the professionals and the organization itself.

 

February 18, 2011

HR Daily Advisor Releases Free Report for HR Managers: Top 10 Best Practices In HR Management for 2011
The HR Daily Advisor® announced the release of a free report for HR Managers, Top 10 Best Practices in HR Management for 2011. The free report will be available for a limited time to help HR professionals anticipate and address some of the most challenging HR issues this year.

Top Reasons You Should Use Social Media for Recruiting
Social networking is here to stay. The challenge for employment recruiters is to turn their organization’s social network presence into a powerful recruitment tool and integrate it into their current strategies, said Madeline Laurano, principal analyst, Bersin Associates, during a recent webinar.

Identifying and Developing Soft Skills Survey
In the survey it was revealed that three-quarters of participants in the study have identified a set of such skills - such as listening skills, persuasion, teamwork - that lead to successful performance, and the proportion climbs to 85% among high-performing companies.
They have recognized that it's the soft skills that help meet your people's needs so that they can feel good about going forward and meeting the business metrics and are critical in leveraging the company forward in meeting its goals, objectives and core strategies.


Frontline Source Group Makes Inavero's 2011 Best of Staffing(TM) List

Frontline Source Group, Inc. announced that it has been named to Inavero's 2011 Best of Staffinga Client list.

Study: Globalization, Work/Life Balance Among Key HR Issues
HR leaders worldwide consider increasing globalization and regulation of labor and employment issues to be among the most important HR issues of the coming decade, according to a global survey by the International Bar Association’sGlobal Employment Institute (GEI).


H-1B Visa Cap Reached

On Jan. 27, 2011, the U.S. Citizenship and Immigration Services announced that it had received enough H-1B petitions to reach the statutory cap for the 2011 fiscal year.

The top 5 overrated buzzwords in HR
A new study, revealing the most irritating phrases in the English language, could offers some interesting lessons to business leaders.Following a study compiled by the Oxford University to find some of the most irritating phrases in the English language (At the end of the day; Absolutely; 24/7; Fairly unique, Shouldn't of; At this moment in time; With all due respect; It's not rocket science, etc.) a new study has revealed some of the worst phrases currently being touted across the world of business. Are you guilty of any of these?Cutting edge,Leverage,Utilize,Value-added,[insert word here] 2.0.


The Turn Back to Globalization in HR
In a new major study by the IBM Institute for Business Value, more than 700 chief HR officers and senior executives from 61 countries and 31 industries worldwide found that China and India are leading the way by increasingly hiring in North America and Europe. In fact, the study found 45 percent of companies in India and 33 percent of companies in China plan to increase their head count in North America alone.The study outlines the new global workforce that is emerging as companies start to deploy talent globally once again in order to achieve their corporate objectives.

Careers to Look Forward to in 2011
Time has turned yet another chapter and a brand new year is upon us. With the dawn of the New Year comes new hope for those who are at the crossroads between high school and college, and why not? The economy is on the road to recovery and the job market seems to have regained some of its lost sheen.If you are wondering what some of the best careers during 2011 are, we have the answer for you. Here is a quick glance at a few top career choices for 2011. Accountant, Registered Nurse, Lab Technician, Computer Support Specialist

Marketing HR Messages
A recent suggestion that HR has a lot to learn from marketing professionals when it comes to packaging and branding workforce messages -- and might even do well to turn over parts of the HR function to marketers -- has raised some eyebrows. Some business leaderswonder if marketing shouldn't also be charged with building and maintaining the corporate connection with employees, While companies haven't yet moved the employee-recognition program over to marketing still they feel that HR [professionals] should consider adopting some of marketing's practices as they work to create meaningful relationships with employees. They could provide useful guidance related to segmenting audiences, tailoring messages and leveraging different communication channels that would serve HR professionals well in reaching an increasingly diverse workforce in ways that resonate and motivate.

 

 
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