HSBC will not shed jobs in India 
The Hindu Business Line / Times of India
HSBC will not be slashing jobs in India as the bank considers it a strategic market with a high attrition rate, The Hindu Business Line reports. HSBC had previously
announced a proposal to cut its global workforce by 30,000.
CEO Stuart Davis said that attrition being an issue in India, filling vacancies was a larger concern. However, there would be reallocation of resources, entailing streamlining
of back-end operations and IT systems.
If the economy continued to grow at 7.5%, HSBC would step up recruitment. It may not happen in every operation, though, Davis said.
So far, the organisation has trimmed 5,000 jobs as part of the restructuring in Latin America, the U.S., U.K., France and the Middle East. Around 25,000 layoffs are planned
between now and 2013.
HSBC has 50 branches in India and 6,000 employees.
Click here for the story from The Hindu Business Line.
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Infosys to recruit 25,000 for Hyderabad facility
The Hindu Business Line
Infosys will add 25,000 employees at its new centre in Hyderabad, The Hindu Business Line reports. The centre is located in the special economic zone at Pocharam on the Warangal highway.
The recruitment will be carried out in two phases. The company will hire 14,000 executives in the first phase and 11,000 in the second. Kris Gopalakrishnan, Infosys CEO
and managing director, told Andhra Pradesh Chief Minister Kiran Kumar Reddy of the Pocharam expansion plan during a meeting.
There are 4,000 employees at Infosys campus already. Its centre at Gachibowli has a workforce of 15,000.
Click here for the story from The Hindu Business Line.

Recruiters optimistic about job increase in rest of 2011
Financial Chronicle
Recruiters are anticipating an increase in hiring activity in the next half of 2011, according to a survey by hiring portal Naukri.com, Financial Chronicle reports. Around 78% of
the recruiters expect jobs to increase, while only 2% anticipate layoffs in the coming few months.
More than 60% recruiters felt that attrition in their organisation was less than 10%, whereas 20% felt it was double that percentage, according to the survey.
As far as salary increment was concerned, 32 % of the recruiters believed the range to be between 10% and 15%. Around 60% said executives with more than four to eight
years of experience were more likely to find jobs.
Of the total number of recruiters surveyed, 61% faced a shortage of talent when hiring their employees; 41% felt that the maximum shortage was of employees with four to
eight years experience.
The survey was conducted on 950 recruiters.
Click here for the story from Financial Chronicle.

IT firms set to pare increments
Financial Express
IT companies may no longer be able to sustain double-digit increments as margins shrink, Financial Express reports. During the first quarter of the current fiscal year, salary
hikes affected margins of top IT firms by 230-350 bps.
Infosys, which gave salary hikes of 10-12%, saw margins drop to 300 bps, while TCS, which gave 12-14 % hikes, witnessed a decline of 233 bps.
As a result, IT firms will have to look at moderate increases. High performers, key people and executives who interact with customers will be paid more, while entry-level
packages will stagnate. Companies will introduce variable pay linked to business growth and share benefit costs with the employee.
However, given the current rate of inflation, some companies may have to give double-digit hikes. Top performers will get 15-25% more and average performers 8-10%,
Vivek Punekar, chief human resource officer, HCL Infosystems, said.
Click here for the story from Financial Express.

NSS points to critical employment trends
Mint
There is a pool of younger people choosing to acquire better degrees rather than work right now who will be demanding jobs over the next five years, a report in Mint said.
Policymakers and planners riled by the findings of the National Sample Survey need to look deeper for significant trends such as these.
Employment increased only by a million between 2004-05 and 2009-10, when the economy grew the most. Male employment increased by 22 million, but female employment was lower by 21 million. Casual labourers accounted for more than 80% of the new jobs created.
Most new jobs were generated in the low-productivity construction sector while the rest were created in the non-farm sector.
One reason for the slow growth of employment could be the significant increase in enrolment in educational institutions by the younger population, particularly female.
Click here for the story from Mint.

Recruitment, increments remain on course
Times of India
Increments ranged from 12% to 20% in the first half of 2011, Debasis Chatterji, CEO, Netxcell, said in a Times of India report that looked at major HR trends. As the
economic climate improved and the job scenario recovered, pay hikes of some 12.9% had been expected in 2011.
Companies also planned to employ working mothers with the right skills. A survey in 2010 across 10,000 businesses showed that 56% of the firms were open to hiring
working mothers in the following year.
Hiring was expected to increase across verticals in the second half of 2011, Ramanath Gurjala, vice president, HR, Lapp India, said. Employee retention will, however,
continue to demand attention. Organisations will focus on employee engagement, effective recruitment, training and development, Gurjala added.
Click here for the story from Times of India.

IT sector to begin campus rounds early, hire more
Times of India
Nasscom and Indian IT companies are planning to spread their campus recruitment over the seventh and eighth semesters of the engineering term, Times of India reports.
The projected requirement for fresh talent next year is significantly greater, said Som Mittal, president of Nasscom.
This year hiring will begin early, in October, which falls in the middle of the seventh semester. Companies had last year agreed to hire only in the middle or towards the end of the eighth semester. They were, however, facing operational problems and high logistical costs as they tried to cover a large number of campuses within two or three
months, Mittal said.
The proportion of fresh graduates is likely to be higher in the total number of recruitments made, which is also set to rise.
Click here for the story from Times of India.

Infosys revamps leadership training
Mint
The Infosys Leadership Institute has modified its training methodology which is geared towards grooming future leaders, Mint reports. Matt Barney, vice president and
director at the institute, explained the key points of the programme.
Senior leaders of the board and the executive council will get a personal coach from Barney’s team. The team will examine assessment reports and areas where the leader
wants to grow, offering him a set of solutions.
For the junior staff, guidance on goal setting, selecting people that will benefit the company and creating a work environment for them are some of the skills the training will impart.
To support its growing number of employees, the second tier of leadership will be expanded to 200 and the third to 800 by September. Senior-most high-potential
designations will remain at 50, Barney said.
Click here for the story from Mint.

Supportive spouse enhances productivity: survey
Times of India
A survey of married, working couples has shown that a spouse’s attitude towards career and work relationships has an effect on productivity, Times of India reports.
According to a TeamLease survey, 67% of the respondents believed that their spouse’s attitude towards their career affected productivity.
Couples who collaborate and contribute at home find the work front more fulfilling. The case of Khushnooma Kapadia, director of marketing and communications, Marriott
India, is one such instance. She took on a challenging assignment when she was four months pregnant, after assurances of support from her husband.
In nuclear families, the spouse is key to professional growth and enhancement. But, as always, it is important to establish a balance between work and home so that
neither is neglected.
Click here for the story from Times of India.

People Moves & Recruitment

Airtel selects Kerala-TN circle CEO
The Hindu Business Line
Vikas Singh will be CEO of Bharti Airtel’s business-to-customer (B2C) operations in the Kerala and Tamil Nadu circle, The Hindu Business Line reports. The appointment is
in line with the new organisation structure that Airtel has recently formed for its India and South Asia operations.
Click here for the story from The Hindu Business Line.

L&T Senior VP may become finance chief
Economic Times / Caclubindia
Larsen and Toubro is likely to appoint R Shankar Raman as its new CFO, Economic Times reports. He will replace YM Deosthalee. Raman is currently senior vice-president, finance.
Click here for the story from Economic Times.
Click here for additional coverage from Caclubindia.

GM India hires Commercial Vehicles Director
Economic Times
General Motors India has appointed Ashutosh Khosla as sales and marketing director of commercial vehicles, Economic Times reports. In his new role, Khosla will be based in Pune. He is joining the passenger car maker from Piaggio Vehicles, where he held a similar role.
Click here for the story from Economic Times.

Mirc Electronic Corporate Strategy VP exits
Exchange4Media
K Sriram, vice president of corporate strategy, at Mirc Electronic, has resigned from his current position, Exchange4Media reports. The maker of Onida and IGO range of
products has not named his replacement yet.
Click here for the story from Exchange4Media.