0 comments Posted by L.ArulRajh at 11:10 AM
Social networking site Facebook will now have an employee from the Indian Institute of Technology-Delhi. After trying - and failing - to recruit students from the institute last year, Facebook came back to the campus this year and chose 21-year-old Mr.Ankur Dahiya, a student of computer science engineering. Mr.Dahiya's annual salary package is around Rs. 65 lakh. This is the first time that Facebook has recruited a student from IIT-Delhi. The social networking giant had hired a student from IIT-Chennai last year. The company, started in February 2004, has scouted for talent at many other IIT campuses in India this year. Unlike last year when it hired only two students from India, Facebook is eyeing the country as a talent hub this time around. Mr.Dahiya will be placed in Palo Alto, California as a programmer after he finishes his course next year.
The U.S. has amended visa regulations that will permit more high-skilled immigrants from India and China to become permanent residents. The legislation aims at eliminating a country-by-country cap on visas offered to skilled workers for obtaining a green card.Once approved, people can apply for a green card on a first-come, first-served basis.Currently, the U.S. makes available 140,000 skill-based green cards and limits availability to 7 percent of that allocation for each country. India gets a quota of roughly 3,000 green cards annually. In such a case, U.S. visa applicants would have to wait up to 70 years before getting their cards approved. The new Bill aims to reduce the time span by removing the limit on green cards. The move will help appease technology companies who have been pressuring Congress to provide more green cards for foreign employees.
Source : Business Standard
Labels: green card
American retail giants woke up to learn that India had unlocked the door for global retailers. Wal-Marts are to quickly take root across India, as the cabinet paves the way for international supermarkets and department stores to establish joint ventures. “We will create thousands of jobs through inclusive growth, increase farm productivity and income and help small and medium industries prosper and grow with us,” said Doug McMillion. “We’re confident that the government, after seeing the value we bring to India and its people, will view this opening as a first step in further liberalising FDI in retail.”
Source : Firstpost
Labels: global retailers
0 comments Posted by L.ArulRajh at 12:34 AM
The Asian School of Business (ASB) has ties up with Kansas University School of Business. The purpose of this collaboration is to groom young managers by providing them with a global exposure. Under this the students of ASB will get chance to study abroad, interact with foreign students, learn under international faculty, develop overseas business networks and become global managers.
Labels: Asian School of Business (ASB)
As per the Application Trends Survey 2011, conducted by the Graduate Management Admission Council (GMAC), has revealed that India is the fastest growing source of foreign applicants. Meanwhile, the number of applicants from China looking to study abroad has also increased. India and China are the leading Asia Pacific countries contributing to the influx of applications for full time MBA programmes.
0 comments Posted by L.ArulRajh at 12:29 AM
Pay hikes in the corporate sector have failed to arrest attrition that was an overall 18.6 percent annualised average. Companies offered an average salary increment of 12.97 percent to its employees across all levels this year, according to a compensation trends survey conducted by Deloitte India.For most companies, increments ranged between 10 percent and 19 percent, according to Mr. Thiruvengadam P, leader, human capital advisory services, Deloitte India.The study also found that voluntary exits, which had come down since 2008, made a comeback with more job opportunities in the market. Annualised attrition across sectors varied from 5 percent to 25 percent. Career advancement, personal reasons and compensation were all responsible for the trend, as per the study. Companies are offering “spot bonuses” to retain employees, said Kamal Karanth, managing director of Kelly Services India.
Source : Financial Chronicle
Labels: Salary Hike