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Infosys, the second largest information technology (IT) services firm in the country, will maintain its annual campus hiring at 20,000 this year, but is looking at engineers with new skills such as digital and analytics. IT firms in the country have witnessed technology and business shifts in the past few years. Clients are now spending more on digital, Cloud and analytics. Maintenance and testing — services usually performed by freshers — are also getting automated. This has prompted Infosys and its peers to look for new skills when they hire. The Bengaluru-headquartered company will begin its annual campus hiring in September, an Infosys spokesperson said. The placement process at engineering colleges goes on till February. IT companies hire in the third and fourth quarters and absorb the new work force in phases. “Hiring at Infosys has always been driven by business. Over the years, we have only increased the spread of roles we offer on campuses. The IT industry is witnessing a change in hiring patterns with unconventional, high-value graduates with differential skills likely to be more attractive,” said the Infosys spokesperson. The National Association of Software and Services Companies said the focus of the IT services sector was “shifting from scale to skill”. College administrations, however, report they have hardly witnessed any change. Mr. M K Panduranga Setty, president of the trust of Bengaluru-based R V College of Engineering, said, “So far, we have not seen any impact in terms of jobs. About 95 per cent of students in the final year have already got jobs. For the next year, we will have to wait and watch how the companies react to recent shifts in the sector.” Earlier this month, Infosys announced it would hire 10,000 in the US over the next two years and open four new technology and innovation hubs across the US. These would focus on artificial intelligence, machine learning, user experience, emerging digital technologies, Cloud, and big data.

Source : Business-standard.com  

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Maha Shivaratri is the most important festival for millions of devotees of Lord Shiva. The festival has been accorded a lot of significance in Hindu mythology. It is said that the sins of a devotee who observes the day with utmost sincerity and devotion is washed away and he attains moksha. Maha Shivaratri, which literally means the ‘The Great Night of Shiva’ is celebrated in the dark fortnight or Krishna Paksha on the 13th day or the 14th night of Phalguna or Maagha month (that is February or March as per the English calendar). Devotees worship and offer sacrifices to Shivalingam as part of their prayers to the god.



























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With a number of start-ups collapsing mid-way, many employees are now preferring bonuses instead of Employee Stock Option Plans (ESOPs) as part of their compensation package, industry experts said. “We have seen a change where the ESOP component in compensation packages has dropped in start-up companies. This is because they never reach the valuations they initially project and in the past year, a lot of start-ups also had to close businesses. “Since around the end of 2016, we have been witnessing a change from ESOPs to variable bonuses in terms of compensation in these companies,” Mr. Mohit Bharti, Director of professional recruitment consultancy Michael Page India said. This trend is seen across the start-up industry, including e-commerce, food, technology, logistics and financial services, Mr. Bharti added. Echoing a similar view, GlobalHunt Managing Director Mr. Sunil Goel said, with many start-ups collapsing gradually, employees started relying on cash component. “Bonuses are generally short-term component, paid either yearly or quarterly, and is becoming an attractive option even if it is one-third or one-fourth of the value as compared to the ESOPs,” he pointed out. But, Mr. Goel said, start-ups are now at a consolidation phase with lot of buyouts, mergers and acquisitions, so ESOPs might be more beneficial in the long run. TeamLease Services Senior Vice-President Mr. Kunal Sen opined that this has been the trend in the last 1-2 years with declining valuations of e-commerce and tech start-up performance. He said ESOPs will form a lower component in the compensation of top talent going forward, as earlier top talent would agree to a 30-50 per cent salary cut and opt for ESOPs, but not these days.

Source :  Thehindubusinessline.com

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