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PSU bank employees may strike against the proposed Banking Laws (Amendment) Bill - December 18, 2012
5 lac Bank employees have threatened to strike on 20th December against the Banking Laws (Amendment) Bill that seeks to merge banks.
Assocham surveyed 5000 women and 92% of them from all sectors and parts of the country feel insecure and unsafe during nocturnal hours of the day at work, public transport, roads, and buses.
It has been six days of striking for 18 lac employees, who are opposing the Bill for the quota in promotions for the SC/ST communities, under the banner of Sarvjan Hitai Sanrakshan Samiti.
Job demand in FMCG, Healthcare, and pharmaceuticals is expected to rise while it will be slow for Banking and Financial Services, Automobiles Industry and IT.
In India, the average CEOs salary is thrice that of a top management executive. The scenario of benefits and rewards provided to the CEO is also as skewed.
A union that contains the membership of 1000 employees i.e. half the publisher’s workforce has threatened to strike because bonuses due on 1st December are still unpaid.
194 out of the 245 members of Rajya Sabha have passed the bill that secures 22% of reservations for SC/St community. Members of Samajwadi party (SP) and an independent candidate voted against the bill.
Textile Minister, Anand Sharma has said that the textile industry which is the second largest employer after Agriculture will generate 15.8 million more jobs by the end of the 12th Five Year Plan.
HP, Google, Citigroup, Procter & Gamble, Morgan Stanley, AMR Corporation, PepsiCo, MetLife, Hostess Brands and JC Penney Co have together laid off 95500 employees majorly die to cost-cutting reasons.
With more specialized functions and establishment of Global In-house Centres, the demand for PhDs has been on a rise.
IAF and CII to build a Vocational Training Centre for retiring AirForce personnel - December 7, 2012
A project called “Happy Landings” is one of the HR initiatives by Indian Air Force (IAF) to resettle officers after they retire.
Many Indian companies are hiring interns globally for many reasons, including, betterment of position, understanding different cultures, reaching target customers spread across the world.
Uttar Pradesh Chief Minister, Akhilesh Yadav, while attending the wedding of Pankaj Singh, former minister Vinod Singh’s nephew, said that his government will soon provide jobs in police department and education.
Numbers show that hiring people based on internal references is exceedingly high and constitutes 90% of all recruitment in India.
As per NASSCOM estimations IT and BPO sector will create 230000 jobs in all levels. This will also create about 8.9 ml indirect jobs in India.
In a speech in JNU, former president Abdul Kalam said that Sustainable development is important for all states and that Uttar Pradesh is on its way to follow that model.
Biased model for appraisals that looked at the length of working hours, number of leaves taken are now being discarded.
In a response to complaints received of no payments to seamen by shipping companies, the Shipping Minister G K Vasan said that strict action will be taken and that every ship-farer should be paid his due.
When share of salaries in sales were compared for September this year’s and last year’s it was found that most banks are paying lesser salaries and the same amount of bonus this year.
Government raises the annual income threshold to include more in housing schemes for EWS - November 14, 2012
The government has raised the bar of the annual income of a family from INR 60000/year to now INR 100000/year for it to fall under the Economically Weaker Sections and will include them in their housing schemes and Rajiv Awas Yojna.
Stipends for summer interns have increased by 20% this year and recruiters like Barclays, World Bank, Wolf Olins have come for campus placements.
Chief Minister of Andhra Pradesh, Kiran Kumar Reddy gave the approval to hike Dearness Allowance from 41.94% to 47.93%.
Farmers are taking to agro-forestry from traditional agriculture as returns are higher - November 11, 2012
Planting genetically modified trees like Poplar and Eucalyptus will fetch higher price for wood within 6 years that is way more than planting traditional crops like wheat rice and cereal even when the government has raised the Minimum Support Prices.
After a complaint from Godda MP Nishikant Dubey, that many were claiming salaries in the name of dead people, an inspection was done in four random districts of Jharkhand.
World Bank Report prescribes flexi labour laws and urban development for job creation - November 5, 2012
A World Bank (WB) report has given some statistics such as, part time work is rising in India; share of informal workers in the organised sector has increased from 32% in 2000 to 68% in 2010;
IT minister M.S. Padhi has estimated that 30000 jobs may be created in the IT sector of Odhisa with Infosys setting up a Info Valley campus and TCS and WIPRO increasing their workforce in their Bhubaneshwar Centers.
Recruitment and Staffing firms like TeamLease, Kelly Services, Adecco and Randstad have revealed that recruitment has taken a severe hit in the last quarter this year.
Punjab National Bank’s Executive Director, S R Bansal reported plans of expanding branches by 500 this year and hiring about 6000-8000 for next few years.
In a survey by NSSO (National Sample Survey Organisation) some concerning statistics describing Indian labor-force have been revealed. 93% of the labor is in the unorganised sector, 30 million unemployed, 26 million under-employed, 40 million seek additional work and 35 million are looking for alternative means of livelihood.
Railways are going to hire 1.17 personnel into posts such as that of station masters, technical and staff supervisors, train drivers, vital safety staff, etc.
Contrary to the reaction of general public, a PSU employee favours a petrol hike as a general allowance is pegged to the price of petrol and rises with every hike in petrol price.
Attrition rates in Iraq’s healthcare are high and although the country’s hospitals have been improving over the years, it faces a major challenge of dealing with causalities resulting from communal issues.
As per a survey by Randstad’s WorkMonitor Survey, 2012, employers in India have started to find it difficult to trace well qualified and this trend is to continue for at least 3 years. 65% of employers as against the global average of 48% are finding it difficult to find qualified professional for positions in their organisation.
MNCs like Coca-cola, Heinz, Pepsi, Reckitt Beckinser, etc are placing Indians placed in global positions back to the country, as its domestic market expands and lesser opportunities and low growth seem to overshadow American and European markets.
Aspiring Minds that conducts the MBA test AMCAT has released a report whose results show the dismal picture of MBA employability that has taken a slump across all specialisations.
Generally pay packages of executives is based on a company’s performance, but their have been cases where pay of senior level executives is not concurrent with company’s loss.
Study by Centre for Women’s Development Studies reveals misery of nurses in India - October 14, 2012
Women Nurses in India survive under pathetic working conditions, meagre salary, and degrading social stigma.
Many HR departments of companies have campaigned for gender diversity at all hierarchy in the organisation.
Netherland based NGOs reports of exploitation and bonded labout in textile exports industry - October 11, 2012
India Committee of the Netherlands and Centre for Research on Multinational Corporations came out with reports beginning last year reporting exploitation of young dalit labour in Tamil Nadu’s textile industry that accounts for half of India’s exports.
A study by Indian Staffin Firm has projected the flexiworkforce to increase to 9 million within 2025.
Criticising the government’s policies on FDI and Privatisation of banks, AIBEA, All India Bank Association has said that instead of creating employment, they may in fact create unemployment.
Regardless of a mixed hiring sentiment in the job market, the overall job speak index has dipped for three months consecutively.
Air India Pilots demand immediate payment of salary in letter addressed to Minister - October 9, 2012
Air India Pilots have addressed a letter to the Civil Aviation Minister, Ajit Singh demanding him to pay their salaries immediately.
Tax Department’s analysis of e-returns in 2012-13 has shown 29000 tax payers have defaulted on their payments, causing the revenue collection to be low by INR 3770 crore.
Companies managing PF funds in India are having a hard time finding suitable, qualified, skilled and experienced candidates to manage their Indian operations.
Almost all industries have experienced higher amount of attrition as the job scenario has lately picked up.
One of the toughest challenge faced by PSUs is to reduce attrition rates at entry and senior levels. People prefer jobs with smaller pays to live in city than in remote areas.
The Delhi government has hiked minimum that it said will be effective from October, 1.
The Tamil Nadu government has hiked dearness allowance by 7% for its employees and has also extended the benefit to pensioners.
The government has allowed FDI to increase from 26% to 49% in insurance and has allowed the cap in Pensions for FDI to be at 49%.
The Cabinet has allowed for 49% of FDI in pensions which will amend the Pension Fund Regulatory and Development Authority (PFRDA) Bill.
Citrix Workplace of the Future report has found that by 2020 17% of the office spaces will be reduced and people would be using at least 6 computers connected to a company’s IT network, while on an average 10 people will be sharing 7 desk spaces.
Obama wants to encourage investments in USA companies that outsource jobs to India and China - October 4, 2012
In a debate with Romney, Obama has accused one of Romney’s firms to outsource jobs to India and China.
As per the World Development Report 200 million are unemployed, out of which 75 mn are under the age of 25.
Provident Fund interest rates are announced every year before the Financial year begins so that its 5 crore contributors can take appropriate investment decisions.
The ‘Himayat’ scheme is a central-sponsored initiative aimed at employing school and college dropouts as well as those coming from financially weak backgrounds.
In a survey by job portal Naukri.com, 65% of auto companies have responded saying that they will continue hiring, while 11% said that they would stop hiring and 5% said that they may evict employees.
FDI reforms in India are expected to create about 10 million jobs in the next 10 years as MNCs will enter the country through foreign investments, creating a demand for profiles in sales and marketing, customer services, back end logistics, etc.
The New Employment Bank set up by Mamta Banerjee has received job applicants from various fields and from varied qualifications.
Concerned and compassionate towards employees’ personal problems that may have an effect on work, India Inc has now come up with paid leave formats that are quite different from the conventional ones.
83% of the Indian colleges that accept GMAT scores in college applications for their MBA programmes have reported higher number of applications this year.
Staffing firm TeamLease has revealed a boost in hiring in FMCG, healthcare and retail sectors which can be attributed to the upcoming festive season even though the market is slowing down.
Gujarat’s CM, Modi has announced a hike in daily wages for 50000 home guards to Rs. 200/.
An indefinite strike by Joint Council of Bus Syndicate, one of the largest bus operators demanding a hike in fares has bought Bengal to an almost standstill.
KSRTC’s and BMTC’s strike hit many of those who rely on Public transport for commuting. While the strike partially affected districts not under KSRTC, others under KSRTC were severely affected.
Slowdown in trading activity, regulatory caps on brokerage fee and no signs of improvement in the capital market has made many firms like Religare, IDFC Securities, Deutsche Bank and Kotak Securities retrench their workforce.
Regional PF Commissioner-I, Bangalore, Kamma Narayana has said that the government is putting forward a proposal to provide all Provident Fund Account holders with life-time validity a unique number.
Admitting that the Central Board for Direct Taxes (CBDT) is not as assiduous as it should be, CBDT’s spokesperson Poonam Saxena evinced that the Board has reduced the period for payment of tax refunds to three months.
Large IT companies offer hefty pay-packages to freshers from Tier I and II engineering colleges - September 13, 2012
Global tech and IT firms are looking at recruiting non-IITians from NITs and other well graded private colleges. This new strategy aims to bring diversity of culture and filling in for the high demand for graduates that cannot be met with a few hundreds from IITs.
Central Provident Funds Commissioner discusses required amendment in some labour laws with changing scenario - September 12, 2012
Central Provident Funds Commissioner, RC Mishra in a seminar discussed that labour laws enacted half a century ago pertaining to Employment Provident Fund and MP Act need to be revised and amended as they were formed in the backdrop of mistrust between the employer and employee.
Monster Employment Index, that is tabulated monthly by online job portal Monster.com rose at 5% from August last year.
Corporate Affairs Minister Moily encourages greater gender diversity in top management level - September 12, 2012
Citing studies that support the hypothesis that greater participation of women at board level leads to a company’s better financial performance, Corporate Affairs Minister Veerappan Moily urged for gender diversity in top management positions.
1.10 lakh Karnataka State transport personnel to go on indefinite strike from tomorrow - September 12, 2012
Standing against Karnataka State Road Transport Corporation’s (KSRTC) unilateral decision of a hike in wages by 10%, around 1.10 lakh KSRTC and Bangalore Metropolitan Transport Corporation employees will go on a strike from tomorrow.
As per Manpower Employment Outlook Survey hiring in India is going to be slower than it was in the past two years.
Women and Child Development Ministry is considering a proposal to have men give homemakers a percentage share of their income.
Companies like IBM, Cognizant, HCL Technologies, P&G have rolled out various leadership and developmental initiatives for their talent to grow and evolve.
VIT University has declared that Accenture recruited 3800 students; Wipro has offered 1308 jobs followed by Cognizant offering 803 jobs in campus placements.
Industries like IT, Gas & Oil, Pharma, and Auto have shown continuously falling figures since the beginning of this year.
Until 2011 joining bonuses that ranged from 15% to as high as 100% of the salary, were given to newcomers for luring talent.
Leaders such as Lalu Prasad Yadav, N Chandrababu Naidu and Hanumantha Rao have put forward demands to secure OBCs quota in job promotions.
“Unmeed ki rickshaw” is a project launched by Union New and Renewable Energy Minister Farooq Abdullah and organised by Ummeed and Centre for Equality and Inclusion (Cequin).
Punjab government secures clearance from State vigilance bureau for its retiring employees - September 6, 2012
The Punjab government has declared that employees soon retiring need not seek clearance from State vigilance bureau to seek pension.
As per the National Employability Report for Hotel Management Graduates, only 6-18% of hotel management students are skilled enough to be employable.
Those hired just out of campus placements tend to stick to their jobs for a shorter duration and a major chunk of this group leaves the job within 6 months.
Many foreign banks have realised that working from home is a suitable strategy for employers as well as employees.
Placement officials have reported that IT companies like TCS, Wipro, HCL, Infosys, Cognizant, IBM and Accenture have started to look out for recruitment in campus interviews, however the amount of hiring this time may be low.
The Union Cabinet approved the Bill that proposes to provide a quota for SC/ST promotions in government job promotions.
As Regional Rural Banks expand their network by 10 % every year, job vacancies created are increasing every year with the coming financial year to have about 10000 new job openings.
Government assessing performance of government officials and to retire non-performers - September 3, 2012
The Government is reviewing performance of employees in IAS, IPS and IFS who are with an experience of at least 15 years.
The Sexual Harassment Bill (Prevention, Prohibition and Redressal), 2010 has been passed in Lok Sabha and it addresses all employees including domestic workers.
Federation of Hotels and Restaurant Associations of India constitutes of over 3900 hotels and restaurant associations across the country.
Federation of Indian Chambers of Commerce & Industry (FICCI) conducted the Business Confidence survey among 150 companies and revealed that for the first time since 2008 economic crisis job opportunities may now be thinning.
According to a hiring outlook survey conducted by jobsite Naukri.com, only 51% of the Pharmaceutical companies will be hiring for new jobs during the second half of 2012, down from 67% companies during the first half of the year.
The Food Markets Commission (FMC) under the Consumer Affair Ministry currently employs 80 as against the prescribed strength of 135. A Parliamentary Panel has urged FMC to fill up all its vacant posts at the earliest.
With 4 states of Gujarat, Karnataka, Maharashtra and Rajasthan declaring drought in many constituencies, an Empowered Group of Ministers will discuss the proposal to increase employment days under MGNREGA Scheme from 100 to 150.
PSU banks such as SBI, IDBI, PNB are facing a shortfall of leadership skills and talent availability which puts them behind by almost 4-5 lakh worth of manpower.
Minister of State for Personnel V Narayanasamy told Lok Sabha that the government has accepted the proposal to provide performance based incentives to Central Government employees as per the recommendations of the Sixth Pay Commission.
HeadHonchos.com has launched an online service for mid-management and senior executives to facilitate them through their career needs and guide them through their choices.
With technology playing a crucial role in most of company’s operations such as marketing, sales, branding, mobile payment, and customer/supplier relationship, analysis, growth, etc, non-IT companies are now hiring more IT professionals.
Punjab’s Deputy Chief-Minister, Sukhbir Singh Badal expressed optimism over the 1486 crore textile park project sprawled across 350 acres.