0 comments Posted by L.ArulRajh at 6:11 AM
Software major Infosys Ltd has made 20,000 campus offers for hiring freshers from colleges and institutes across the country to ramp up its headcount in 2016-17, a senior executive said. "We have made 20,000 campus offerings by conducting interviews at various institutes to hire freshers for this fiscal and ramp up our headcount," chief operating officer Mr. U.B. Pravin Rao told said. Asserting that employee attrition had reduced in the fourth quarter of 2015-16, he said the company was able to retain more employees by increasing engagement with them all through the year. "We have taken a number of steps to make Infosys an exciting place for the world's best talent. We continue to reimagine our internal processes to increase organisational agility," Mr. Rao noted. Though the company made a gross addition of 9,034 people in fourth quarter including 5,266 laterals, net addition was only 661, as 8,373 people left, taking the total headcount to 194,044 by fiscal-end, as against 193,383 quarter ago and 176,187 year ago. "Our attrition level has declined to 17.3% in Q4 from 18.1% in third quarter and 18.3% year ago," Mr. Rao added.
Source : Jobs.siliconindia.com
0 comments Posted by L.ArulRajh at 6:08 AM
The Central government employees will have to wait till September-October to get higher salaries under the 7th Pay Commission. As per a Financial Express report, government is expecting that higher salaries released around the festival period starting with Durga Puja and Diwali will boost consumption, which will have a multiplier effect on the economy. Though the employees will get arrears with retrospective effect from January 1, no retrospective arrears in allowances will be given. With the move, the exchequer would be able to save around Rs 11,000 crore. The commission had estimated the additional outgo in FY17 due to its award at R73, 650 crore.
Source : Zeenews.india.com
0 comments Posted by L.ArulRajh at 5:22 AM
Naukri Job Speak Index for the month of January 2016 stood at 1748 recording a 19% increase in hiring activity over January 2015. IT-Software records an impressive 22% Y-o-Y growth, BPO/ITES has grown by 26%, Auto/Auto Ancillary is up by 9% followed by Banking and Telecom at 6% and 5% respectively whereas Oil and Gas continues to struggle with an -18% dip in the Jan’ 2016 index. Demand for professionals in ITES/BPO has grown by 31%, Banking by 25% and IT-Software by 20%. Among the metros, Delhi/NCR witnessed the maximum growth of 30%, Mumbai follows with 20% and Bangalore has grown by 17% in the Y-o-Y growth chart of Naukri Job Speak Index for the month of January 2016.
Source : Naukri.com
0 comments Posted by L.ArulRajh at 3:22 AM
In a bonanza for central government employees, the 7th Pay Commission is likely to recommend a 22-23 per cent jump in their salary and allowances, according to sources. The pay panel is expected to submit its report to the finance minister today. The Pay Commission headed by Justice A K Mathur has suggested a 15 per cent increase over the basic salary plus dearness allowance (DA) for the central government staff, they said, adding that an increase in allowances like house rent allowance (HRA) has also been recommended. The total increase will be 22-23 per cent of the gross salary (basic plus DA plus allowances), the sources said. The recommendations of the 7th Pay Commission are scheduled to take effect from January 1, 2016.Besides Chairman, other members of the commission are Mr. Vivek Rae, a retired IAS officer of 1978 batch, and Mr. Rathin Roy, an economist. Ms. Meena Agarwal is secretary of the commission. The central government constitutes the pay commission every 10 years to revise the pay scale of its employees and often these are adopted by states after some modifications. The Commission was set up by the UPA government in February 2014 to revise remuneration of about 48 lakh central government employees and 55 lakh pensioners. The Union Cabinet had extended the term of the panel in August by four months, till December. The 6th Pay Commission was implemented with effect from January 1, 2006.
Source : Profit.ndtv.com
0 comments Posted by L.ArulRajh at 5:55 AM
The Indian Institutes of Technology (IITs) are softening their stand on allowing start-ups to recruit from their campuses. In August, IITs had decided that before inviting start-ups for campus placements, they would review their balance sheets for the past three years, study their annual reports and seek independent feedback from experts and the IIM alumni employed by these start-ups. However, with most start-ups having been floated by their own students, IITs say the due diligence might not be as stringent. "We will allow a basic background check regarding start-ups but we cannot decline placements if they do not furnish their annual reports or balance sheets. Many start-ups are founded by our own students. We cannot deny them permission to be on campus," said a placement cell official at IIT Bombay. This year, IIT Bombay has seen increased interest from start-ups to participate in campus placements. Overall, about 300 companies, including start-ups, have applied so far. Last year, 240 companies had applied as of October. The IITs begin placements from their campuses on December 1every year. IIT Kharagpur has said it is willing to take a chance with start-ups founded by its alumni. "There are two sets of start-ups - those operating since the past two-three years and those that are fresh. The former have built a reputation. For instance, OYO Rooms, an IIT Kharagpur alumnus-founded start-up, has established its brand value in the market. Now, it is treated as a company such as Flipkart. Any such start-up, which has shown a good trend through two-three years, will not face much of an issue in being invited to IITs for placements," said a source at IIT Kharagpur. In the case of fresh start-ups, the institute is willing to show leniency to those founded by its own students. "The other set of start-ups, which are absolutely fresh, will be reviewed very carefully. One of the important things we will ask at the review will be about the founders.
Source : 31-10-15 Business-standard.com
0 comments Posted by L.ArulRajh at 11:46 PM
Less hiring but more productivity is the way forward at the Aditya Birla Group as technology and specialization kick in to change HR trends across the industry. The group is looking to add approximately 30,000 people in the next two decades or so to its current workforce of 120,000 people, or a 1.25-fold growth, which is nearly the same seen in the last 20 years, according to its human resources head. This contrasts with the 26-fold revenue growth to $41 billion at present from 20 years ago. “Going forward there will always be fewer number of people, not just with us but in every organisation,” said Mr. Santrupt Misra, CEO, carbon black business, and director, group HR, Aditya Birla Group. “People cost will continue to grow. People’s preferences about what they want to do will continue to change. And there will be more cost advantage and more consistency in applying technology. So all of these will drive to lesser number of people.” The third largest conglomerate of India, handling its traditional manufacturing business of metals, chemicals and fertilizers, cement and fabric along with services business of telecom, retail and money, has identified employee care as one of its five guiding points for the future. “Just like new-age businesses are forcing us to re-look HR structure and processes, the traditional industrial businesses are also in need of special focus on their own HR structure and processes for the future,” said Mr. Sandeep Chaudhary, chief executive officer, Aon Hewitt. The group has so far hired 20% of its senior managers from outside, the rest being home grown, but going forward, it may hire 30% from outside with the main aim of bringing in specialists, said Mr. Misra. That said, it also announced a hiring freeze earlier at several senior levels so that the lower level employees could move up.
Source : Livemint.com