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Human Resource Professionals Karachi Pakistan Job

Human Resource Professionals required at LNH: 1)Assistant Manager HR (Staffing) 2)HR Officer (Staffing) 3)HR Officer(HR Payroll) 4)HR Officer (HR Records) CVs + Covering Application stating the position being applied for along...

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Swedish fashion retailer H&M wants to source more products from Bangladesh, but unrest and violent strikes present a big hurdle to expansion in the troubled country, says the company's head of sustainability.

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HR Articles: May-12 (Part-7)

2012-05-25T21:34:00.000-07:00

For more article, Visit at : www.amreshanjan.co.cc

Executives In India Most Upbeat On Growth Prospects Indian executives are far more optimistic than their counterparts in other countries of an economic expansion in the next 12 months. Some 86 percent were optimistic on this score, according to the fifth annual American Express/CFO Research Global Business and Spending Monitor. About 45 percent of India-based financial executives also see exchange rate volatility as the biggest threat to the growth prospects of their companies. Some 21 percent are concerned about changing interest rates and capital markets volatility. Manoj Adlakha, vice president and country head, global corporate payments, American Express India, said the weakening rupee, high production costs, fluctuations in oil prices and high inflation were damaging confidence levels. Nearly half of the world's finance executives, or 46 percent, felt that "robust" economic growth will return in their countries by the end of 2012. Source : 16-05-12 Hindu Business Line Compiled by Amresh Anjan

Boom In E-Commerce To Give Hiring A Fillip Job offers are set to look up in the booming e-commerce sector, with online retailers chalking out major hiring plans this fiscal. Fashionandyou.com co-founder and CEO Pearl Uppal says the industry will require talent from sectors such as technology, analytics, sourcing, general management talent, merchandising and marketing. The company has a staff of 800 people and is likely to hire more than 400 in 2012-13. E-commerce firm Snapdeal.com has ramped up its headcount in recent months and plans to add 1,500-plus this year. HomeShop18.com, which grew by more than 70 percent in headcount terms in 2011, is aiming to replicate that growth this year. With the Internet consumer base scaling up in India, the e-commerce sector is bound to grow, says Snapdeal.com co-founder and CEO Kunal Bahl. Source : 15-05-12 Financial Chronicle Compiled by Amresh Anjan

BPO Growth To Sustain Despite Hype In U.S. In spite of the anti-BPO sentiment being unleashed as the U.S. prepares for election, outsourcing is not going away any time soon, Dilip R Vellodi says. Mr. Vellodi is the founder of Sutherland Global Services, a multinational BPO company with an employee base of 30,000. Growth in the offshoring and outsourcing industry will remain on track, according to him. Regarding BPO jobs being shipped to the Philippines, he says they will move to locations where employable educated talent is available. It all depends on what the clients want by way of value and what they are willing to pay for it. Sutherland operates 35 facilities the world over. All the geographies it operates in have grown, including the U.S. The company does not foresee its business being affected in any way, says Mr Vellodi. Source : 16-05-12 The Hindu Compiled by Amresh Anjan

Qantas Restructuring, Slashes 500 Jobs Embattled Australian flag carrier Qantas said that it will axe 500 jobs in its heavy maintenance and engineering operations as part of a restructuring. The move follows an 83% slump in first-half net profit in the six months to December, and an announcement that it would delay the delivery of two A380 superjumbos by three years as part of spending cuts.Qantas will cease heavy maintenance at Tullamarine in Melbourne, and work will be consolidated in Avalon and Brisbane. Source : 21-05-12 Hindustan Times Compiled by Amresh Anjan

EPFO Moots Higher Age Limit For Pension Scheme The Employees Provident Fund Organisation (EPFO) has made a case for increasing the age of private sector employees getting pension from 58 years currently to 60 years. The proposal, made to the Finance Ministry, would enable the EPFO to give a monthly Rs 1,000 to workers who are getting no pension at all. The move may require an estimated 0.63 percent increase in the present PF contribution. Currently, employers contribute 8.33 percent and the Central government 1.16 percent. The debate on the subject has been raging between employee and employer representatives in the EPFO Central Board of Trustees. No agreement has been reached so far as to who would fund the scheme. DL Sachdeva of the All India Trade Union Congress said the body was opposed to the move as it would put an additional burden on workers. Source : 18-05-12 Business Standard Compiled by Amresh Anjan

Fresh Law Graduates Heading For LPOs The legal industry is the latest to be bitten by the outsourcing bug, with a large number of graduates heading for legal process outsourcing (LPO) companies. Isheeta Rutabhasini, associate professor at Amity Law School, attributes the trend to the higher pay packages offered by LPOs. Long working hours and the stressful work environment of law firms may be another reason. The LPO industry is expected to grow to $1.2 billion over the next five years. Mindcrest, an LPO, gets the bulk of its clients from the U.S. and the U.K. The company prefers to hire young legal talent, whether fresh or a few years out of Indian law schools. However, employability is still an issue. Only 5 percent to 7 percent of law graduates who apply to Mindcrest are selected for employment, said Rohan Dalal, managing director. Source : 18-05-12 Hindu Business Line Compiled by Amresh Anjan

Indian Workers, Students Prefer U.K. Both Indian workers and students continue to show a marked preference for the U.K. There are about 5,00,000 workers and 39,000 students of Indian origin in that country. Information and Broadcasting Minister Ambika Soni told Parliament that according to Indian missions in 29 European countries, Italy has a total of 70,248 Indian workers, Germany has 42,500, Spain 34,130 and the Netherlands 19,250. There are about 33,000 Indian workers in all in Greece, Russia and Switzerland. As for students, France has the largest number at 6,374, Russia was next at 4,500 and Italy had 1,198, Mr. Soni said. She added that the Overseas Affairs Ministry had not received any specific complaint regarding discrimination against Indian students abroad. Source : 20-05-12 Financial Express Compiled by Amresh Anjan

Air France Cuts Up To 5,000 Jobs AIR France is set to cut 5,000 jobs over the next three years as part of a new business plan aimed to get it back into the black. The new plan would transfer some leisure flights to its low-cost carrier Transavia, cut costs in economy class and improve comfort in business class. The number of dedicated freight planes would be reduced as would maintenance costs. Employees were given an outline of what was needed in March and have since been negotiating over the company's call for an increase in working hours plus possible job cuts. Source : 21-05-12 the Connection Compiled by Amresh Anjan

Hewlett Packard to Slash Work Force by up to 30,000 Hewlett-Packard Co. plans to cut its workforce by 25,000 to 30,000 employees, a record number for the venerable technology giant as it grapples with declining revenue and profits. Cuts in that range would constitute about 8% of H-P's total head count, which stood at approximately 349,600 at the end of October. Source : 18-05-12 Wall Street Journal Compiled by Amresh Anjan

Manufacturing To Add 4 Mn Jobs In 12th Plan The manufacturing sector will create three to four million jobs during the 12th Plan period. The government said this in its approach paper to the Plan, released recently. Minister of State for Personnel, Public Grievances and Pensions V Narayanasamy said the 2012-17 Plan would focus on faster, sustainable and more inclusive growth. According to the 13th quarterly survey conducted between October and December, employment opportunities were also reported in different sectors including IT/BPO, Mr. Narayanasamy said. The quarterly quick surveys assess job market changes in select sectors. The surveys on changes in employment are carried out by the Labour Bureau, Ministry of Labour and Employment. The IT/BPO sectors contributed 19.80 lakh between October 2008 and December 2011, the latest survey said. Source : 15-05-12 Financial Chronicle Compiled by Amresh Anjan

No. Of Part-Timers Swells Amid U.K. Job Crisis The number of people taking up part-time jobs in the U.K. has more than doubled in the last four years. According to a study by the Trade Union Congress (TUC), nearly 600,000 men were engaged in part-time work, which they were forced to take up when they were unable to find full-time employment. This is significantly higher than the 293,000 part-time workers in 2007. People in east Britain have been the worst impacted by under-employment in the past four years. The number of men "trapped" in these jobs has increased threefold to almost 60,000. TUC general secretary Brendan Barber said the surprise fall in unemployment last month was mainly due to an increase in part-time and temporary jobs. Most people are looking for permanent, full-time work and the job crisis is far from over. Source : 16-05-12 Deccan Herald Compiled by Amresh Anjan

Godrej picks Strategic Marketing Chief from Bharti Godrej Group has named Shireesh Joshi as strategic marketing group head. Mr. Joshi, who was previously with Bharti Airtel, will report to Tanya Dubhash, executive director and president marketing and President Marketing, Godrej Group. His previous stint at Bharti Airtel included the Airtel Brand relaunch strategy and established the vision for the new advertising revenue stream, online business and lead mobile services marketing. Source : 16-05-12 Hindu Business Line Compiled by Amresh Anjan

Survey: English Top Business Language Of The World A survey found that English is the dominant language of business around the world. The study was conducted by Ipsos Global Public Affairs for Reuters. It polled 16,344 employed adults in 26 countries. About 67 percent, or two-thirds, of the employees polled said English was the language they used most often when communicating with workers in other countries. A meagre 5 percent used Spanish. Almost 67 percent said the language used for their business interactions was different from their native language. The survey shows how English has emerged as the default language for business around the world, said Darrell Bricker, CEO of Ipsos Global. Nearly 59 percent, 55 percent and 50 percent employees in India, Singapore and Saudi Arabia, respectively, said they were most likely to interact with people in other nations. Source : 15-05-12 Financial Chronicle Compiled by Amresh Anjan

Study: Quality Of Higher Education Lowest In India A study by global network of research universities Universitas 21 has put India's higher education system at the bottom among 48 countries. The U.S. tops the list as expected. The study has assessed the best countries for higher education based on parameters such as output (research and a large educated workforce, resources (investment by government and private sector), environment (government policy and regulation, diversity and participation opportunities) and connectivity (international networks and collaboration). Besides the U.S., the top four countries providing the best tertiary-level education were Sweden, Canada, Finland and Denmark. Government funding of higher education as a percentage of GDP was found to be the highest in Finland, Norway and Denmark. China, India, Japan and the U.S. were in the bottom 25 percent of countries for international research collaboration. Source : 14-05-12 Hindustan Times Compiled by Amresh Anjan

Iffco-Tokio Ropes In Ex-General Insurance CMD Lohiya As Its MD Private sector general insurer Iffco-Tokio General Insurance today appointed Yogesh Lohiya as managing director and chief executive. Prior to joining Iffco-Tokio, Mr. Lohiya was chairman and managing director of General Insurance Corporation of India. Iffco-Tokio General Insurance is a joint venture between Indian Farmers Fertiliser Co-operative (Iffco) and its associates holding 74 per cent stakes and the largest Japanese insurer Tokio Marine and Nichido Fire, holding 26 per cent stakes. Source : 15-05-12 IBN Live.com Compiled by Amresh Anjan

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HR Articles: May-12 (Part-6)

2012-05-25T21:31:00.001-07:00

For more article, Visit at : www.amreshanjan.co.cc

Manufacturing Industries Set To Give Highest Pay Hikes This Year Slowdown in the knoČwledge-intensive industries hČave made manufacturing, infrastructure and retail industries to emerge as the top sectors so far as annual increment percentages are concerned. These segments are also the ones that are upbeat about hiring this year.According to the compČenČsation trends survey conduČcČtČed by Deloitte Touche ToČhČm-atsu India, increments in tČhe manufacturing sector are aČmongst the highest for 20Č1Č2ľ13. At the median, annual increment is at 15 per cent. Variable pay median is at 20 per cent and it has increased from 12.5 per cent last year. Infrastructure and real estate have also given 15 per cent increments with median variable pay of 15 per cent.Overall median salary increase across sectors is 12 per cent. Financial services sector has been most conservative in increment projection for 2012-13 at 10 per cent. Though manufacturing has only marginally increased increments this year, it has emerged as the top sector only because the traditional paymasters are slowing down. The knowledge-intensive industries traditionally known for offering very high average increase earlier have slowed down, considering increased wage cost and reduction in margins, said E Balaji, MD and CEO of Randstad India. Source : 14-05-12 Financial Chronicle Compiled by Amresh Anjan

Capital Goods Drag March Factory Output Down 3.5% Factory output fell sharply in March, increasing the chances of further interest rate cuts. The index of industrial production (IIP) fell 3.5 percent in March, contrasting sharply with February's 4.1 percent and 9.4 percent growth a year ago. The index grew just 2.8 percent for fiscal 2012, compared to 8.3 percent in the last fiscal. The weakness was attributed to a sharp fall in capital goods, which contracted 4.1 percent, compared to a 14.8 percent rise the previous year. Manufacturing output slumped 4.4 percent, mining fell 1.3 percent and consumer goods output was up a mere 0.7 per cent. Finance Minister Pranab Mukherjee called the figures disappointing and attributed the trend to poor domestic investments, the uncertain global environment and monetary tightening. Planning Commission Deputy Chairman Montek Singh Ahluwalia said project execution remained an issue. Source : 11-05-12 Hindu Business Line Compiled by Amresh Anjan

Demographic Dividend Dream Could Crash India's demographic dividend, or the number of working age youth, may fail to pay off in the context of skewed patterns of growth. The workforce is set to increase from 77.5 crore in 2008 to 95 crore in 2026. By 2020, the average age of an Indian will be only 29 years, compared to 37 years in China and the U.S., 45 years in West Europe and 48 years in Japan. The International Monetary Fund's "Asia Pacific Regional Economic Outlook for 2012" says this dividend can add about 2 percent to the annual rate of economic growth. However, India's large pool of working age population is concentrated in regions poorest in terms of savings and job potential. This workforce needs to find gainful unemployment, which remains elusive. With growth rates now pared, chances of expanding employment may have dwindled. Source : 11-05-12 Hindu Business Line Compiled by Amresh Anjan

U.S. Says Indian Professionals Are Welcome A senior U.S. State Department official said Indian professionals were welcome in their country. The move comes against the backdrop of India threatening to bring up the issue of visa fee hike at the World Trade Organization. Victoria Nuland, spokesperson of the department, said the issue was being looked into. Indians were the greatest beneficiaries of both L-1 visa and B-1/H-1 visa programmes, and the U.S. would continue to fully support the admission of qualified Indians under these programmes. India has threatened to seek consultations with the U.S. under WTO rules. The recent visa fee hike, India claims, discriminates between Indian software companies and U.S. firms. The government is in talks with the U.S. and Canada for easier movement of people, professionals and business travellers, Minister of State for External Affairs E Ahamed told Parliament. Source : 12-05-12 Financial Express Compiled by Amresh Anjan

Staff Costs At IT Top 3 Keep Pace With Revenue Staff costs at the top three software firms Tata Consultancy Services, Infosys and Wipro increased significantly year-on-year. As a percentage of revenue, however, they remained more or less the same despite considerable recruitment last fiscal. E Balaji, managing director and CEO of Randstad India, calls it a healthy sign because it means revenue growth has outpaced staff costs. According to Siddharth A Pai, partner, global resourcing and India operations, Information Services Group, the increase in staff costs in line with revenue is to be expected in "plain vanilla service" business, revenues being a linear function of headcount. There would be cause for concern only if there was a large increase in headcount costs without revenue increasing substantially, or if a significant jump in revenues did not come with staff costs rising considerably. Source : 11-05-12 Hindu Business Line Compiled by Amresh Anjan

Lawyers Happy At Work But Open To Moving Most Indian lawyers are fairly happy with where they work. About 59 percent of those working in law firms either agreed or strongly agreed that they enjoyed their current jobs. As for in-house lawyers, 51 percent were positive about their current roles. In a survey of 536 lawyers conducted by Legally India, only 15 percent saw themselves staying on in their current jobs. The same was true of in-house company lawyers. Moreover, 44 percent of those working in law firms said they wanted to start their own firms or practices, a trend that has sustained in the Indian legal market where start-ups are launched every week. About 60 percent of the lawyers working in corporate departments also have entrepreneurial ambitions. The happiest lawyers were those working in the courts, 71 percent of whom said they enjoyed the daily tussle. Source : 10-05-12 Mint Compiled by Amresh Anjan

SKS Microfinance Culls 1,200 Jobs In Andhra Pradesh SKS Microfinance is cutting 1,200 jobs and closing 78 branches in Andhra Pradesh. SKS is the only listed microfinance institution (MFI) and has a headcount of 3,400 in Andhra Pradesh. It incurred a loss of Rs 1,360 crore during the year ended March. SKS Microfinance managing director MR Rao said the state of the microfinance sector in AP had forced the company to take this "painful decision". The state was at one stage the microfinance capital of the country. Employees are being offered two months' salary in lieu of notice and 15 days' salary for every year of service completed. The AP Microfinance Ordinance in October had crippled the activities of all MFIs, including SKS. The company reiterated that it is not closing down its AP operations, only rationalising its workforce in the state. Source : 10-05-12 Financial Express Compiled by Amresh Anjan

Slowdown Hits Pace Of B-School Placements Placements at B-schools have dragged on longer than usual. The process is normally over by March-April, but some students have yet to secure offers this year. For example, at the Institute of Management Technology Ghaziabad, about 7 percent of the batch of 424 has yet to be placed. Alterations in placement processes, such as introducing spot offer system, deferred placements, giving domestic recruiters preference and approaching more companies, have not helped. Shridhar Guda, chairperson, placements, Indian Institute of Management (IIM), Kozhikode, blames it on the slowdown. Companies have hired cautiously this year and reduced their intake of recruits compared to last year. At the IIM Ahmedabad, the average number of offers per company stood at 2.35. B-schools, including the IIMs, had to invite a higher number of firms. However, mid-level and smaller institutes still found placements difficult. Source : 09-05-12 Business Standard Compiled by Amresh Anjan

MNCs Look At Tier 2 Cities For R&D Expansion Multinational companies (MNCs) in India are moving their R&D centres into tier 2 cities to rein in costs and curb attrition. The study by Zinnov says companies are entering tier 2 cities such as Ahmedabad, Jaipur, Chandigarh, Coimbatore, Vadodara, Nagpur, Pune and Thiruvananthapuram. The trend has been seen in MNCs such as Dell, Nokia, Amazon and others looking to expand. Tier 2 cities have traditionally been a preferred destination for IT and BPO companies. These cities provide advantages such as bigger catchment area, lower attrition and cost arbitrage, said Chandramouli CS, senior director globalization advisory, Zinnov. The study also highlighted the MNC R&D talent pool in India. For 2011, it was 204,196 and expected to grow 9 percent a year to 2.5 lakh by 2015. Fresh talent in tier 2 cities may be some 35 percent of this pool. Source : 11-05-12 Hindu Business Line Compiled by Amresh Anjan

Reliance To Step Up Hiring, Headcount Tops 50,000 Employee headcount at Reliance Industries Ltd (RIL) has grown during the last fiscal after a gap of three years, taking the total number to beyond 50,000. As per the company's annual report for 2011-12, the number of employees grew by 505 during fiscal 2012, taking the total staff strength to more than 50,000, including more than 25,000 employed in retail. RIL has recruited close to 100 in leadership roles, of which 20 percent are expatriates. It has also hired 37 professionals for its business transformation initiative and added 55 management graduates, 37 chartered accountants and 340 graduate engineers from campus recruitment drives. Campus hiring was "only likely to swell in the future," the company said. Prior to this surge in employees, Reliance saw its employee numbers shrink by 2,826 between FY09 and FY11. Source : 10-05-12 Financial Chronicle Compiled by Amresh Anjan

Danone Narang Beverages Picks India GM Danone Narang Beverages, a joint venture between French foods company Danone and Mumbai-based Narang Group, has named Tarun Arora general manager for India,. He was previously executive vice president and head of marketing at Godrej Consumer Products. Mr. Arora, who has been with Godrej since 2007, has over 15 years of work experience in retail and consumer packaged goods sector and has worked with companies like Wipro Ltdĺs consumer arm Wipro Consumer Care and Lighting, Bharti Walmart Private Limited and Dabur India Ltd. Source : 09-05-12 Mint Compiled by Amresh Anjan

Engg Courses Back In Demand On Robust IT Hiring Demand for IT and computer science engineering (CSE) degrees has witnessed a surge after a dull four years. The trend was led by IT companies, which hired the maximum number of engineering graduates from these streams this year. With parents rushing to secure seats for their wards, engineering colleges are demanding premiums of between Rs 10 lakh and Rs 20 lakh for seats in the management quota. The fee set by the government is Rs 95,000 per annum. B Tech seats, much sought after during 2001-08, have fewer takers now. IT made about 90 percent of the job offers in the recently concluded placement season between September and March. Infosys, Cognizant and Wipro were the top recruiters. Other sectors accounted for the remaining 10 percent, said Rajeshwar Reddy, chairman of Anurag Group of Colleges. Source : 09-05-12 Deccan Chronicle Compiled by Amresh Anjan

Gender, Specific Needs Diversity Gaining Ground As many as 91 percent of companies in the Asia pacific region surveyed by Mercer said gender was a top focus area for them. Next on the list was disability, with 39 percent affirming its importance. Some companies already have a diversity strategy specific to people with disabilities. This includes targeted recruitment and creating a work environment for specific needs. Of the participating companies in India, a total of 60 percent had a diversity and inclusion strategy. Companies said they would gear their efforts towards developing women for leadership roles and attracting more diverse talent to their organisations, especially in the context of the rapidly changing demography. Companies will also work towards retaining female talent. In Infosys, 34 percent of its workforce now is female, up from just 10 percent in 2000. Source : 09-05-12 Hindu Business Line Compiled by Amresh Anjan

Ramco Systems Appoints CEO Ramco Systems has appointed Mr Virender Aggarwal as its Chief Executive Officer. This post was hitherto held by Mr P. R. Venketrama Raja, Vice-Chairman and Managing Director, Ramco. Mr Kamesh Ramamoorthy, Chief Operating Officer, Ramco, will report to Mr Aggarwal, according to a company official. Prior to this, Mr Aggarwal was President & APAC Region Head for a leading IT services firm based in Singapore. He had earlier worked with Satyam Computers based out of Singapore. Source : 07-05-12 Hindu Business Line Compiled by Amresh Anjan

BPOs Pin Expansion Hopes On Domain Experts BPO firms are hiring vertical heads from sectors such as automotive, retail or manufacturing. Genpact is one such BPO which has brought in 35 to 40 people at the vice president level from the financial, manufacturing, automobiles, consumer care goods and retail sectors. Piyush Mehta, senior vice-president HR, says Genpact is looking for industry expertise and is thus tapping specialists from other sectors. Its fastest growing businesses are packaged consumer goods, retail and pharma. Thus it has inducted sales people from these industries for client-facing roles. Mike Haley, vice-president, business development, pharma, is an example. He brings 20 years of experience in the pharma, healthcare and insurance industries. BPO companies are looking at people who have worked for 10 years to 15 years in their respective domains and are subject matter experts, says Sunil Goel, director, GlobalHunt. Source : 14-05-12 Financial Express Compiled by Amresh Anjan