HR Buzz – May 10, 2012

India pitches case for mobility of professionals
Hindustan Times / The Hindu Business Line
India has raised with U.S. Secretary of State Hillary Clinton the issue of protectionism against outsourcing, Hindustan Times reports. Clinton was in New Delhi recently. External Affairs Minister SM Krishna urged her to ensure smooth mobility for Indian professionals, especially those employed in the IT sector.
The anti-outsourcing sentiment has been on the rise in the U.S., which is preparing for elections. Republican presidential nominee Mitt Romney is being accused of outsourcing jobs to India during his stint as Massachusetts governor. Another area of concern is the high rate of rejection of visa applications, both H-1B and L1 categories, by the U.S. The rate of rejection of L1 applications increased 28 percent in 2011, compared to 2.8 percent in 2008. The rejection rate of H-1B visa applications has surged as well.

Click here for the story from Hindustan Times.
Click here for additional coverage from The Hindu Business Line.

Recruitment, salaries of fresh grads in IT look up
Economic Times
Hiring of freshers in the IT/ITeS sector went up between January and March, Economic Times reports. Salary levels were higher compared to other sectors in the same period. According to a survey by MyHiringClub, IT/ITeS recruited 24 percent of the total freshers in the last quarter of fiscal 2012, an increase of 9 percent from the year-ago period. Salaries offered in campus placements were also up 8 percent in the industry, the survey said. Overall recruitment increased 11 percent during the quarter. Infrastructure recruited 21 percent of freshers, engineering, manufacturing and automobile accounted for 18 percent, retail recruited 10 percent and consumer care goods 14 percent. Global concerns would not have a bearing on fresher recruitment in the current year though it could become a problem later, said Rajesh Kumar, CEO of MyHiringClub.

Click here for the story from Economic Times.

eBay mulls 1,000-strong Bangalore centre
The Hindu Business Line / Economic Times
eBay is setting up a new development centre in Bangalore and plans to hire up to 1,000 technologists over three years, The Hindu Business Line reports. The facility will house several centres of excellence and employ technologists for both eBay Marketplaces and PayPal. The company will recruit software engineering talent in from Bangalore's large pool of engineers to innovate and "create the future of commerce," said Anupam Pahuja, general manager, PayPal. It will hire senior technologists with strong product development expertise across many functions, including research, platform and application development, architecture, quality engineering and product management. The India centre will play a strategic role in global product and technology innovation. It will bring in significant thought leadership to support critical business initiatives, said Rajesh Ramachandran, general manager, eBay Marketplaces. eBay currently has a global development centre in Chennai and an India business unit in Mumbai.

Click here for the story from The Hindu Business Line.
Click here for additional coverage from Economic Times.

Security major concern for women on night duty
Indian Express
A survey by the Associated Chambers of Commerce and Industry has rated Delhi as the most unsafe metro for women, followed by Bangalore, Hyderabad, Chennai and Mumbai, Indian Express reports. The findings are based on the responses of more than 2,000 women working in small, medium and large firms in 10 major cities. Women in BPOs, IT sector, hospitality and media were the "most vulnerable", the survey noted. They were subjected to both physical and non-physical attacks, especially after duty hours. This has led to higher rates of attrition. The reasons for the high crime rate against women range from inadequate transport arrangements and lack of an internal code to ensure security of women employees to official callousness, to name a few. More than 86 percent women on night shifts face commuting problems because transport arrangements by their employers are not adequate, the survey said.

Click here for the story from Indian Express.

Coming soon: Ratings for B-school, engg courses
Mint
Rating agencies CRISIL and ICRA have started rating business and engineering schools, Mint reports. CRISIL has graded 39 B-school programmes across 28 institutes and ICRA 13 B-school programmes. Rohit Inamdar, senior vice-president and co-head, corporate sector rating at ICRA, says the service is an extension of its traditional corporate debt rating. In three years to four years, the firm would have covered 30 percent of the addressable market. The schools would be rated on parameters such as curriculum, infrastructure and placements. Analysts say the ratings will help students choose schools carefully. India has at least 3,900 business schools and 4,000 engineering colleges. About 1.5 million students enter engineering colleges across India every year and 350,000 go to business schools. However, the quality of many of the institutions is questionable.

Click here for the story from Mint.

Career growth, fulfilment important to employees
Times of India
A Kelly Services survey says employees want personal advancement and fulfilment from a job, Times of India reports. Compensation and benefits are not the sole factors considered when accepting a job offer. The trend of seeking career advancement, in terms of better designation and level of fulfilment, is growing, says TK Mandal, vice president HR, JK Paper. A meaty packet is important but this has to be accompanied by a sense of achievement or fulfilment for employees. Employees generally begin looking for a new job when they feel stagnated and see no opportunity for learning, acquiring new skills or growth, according to V Krishnan, executive vice president HR, Dabur India. Compensation no longer is the sole topic of discussion at interviews. That is more of a given. HR needs to explore how it can add value by providing personal satisfaction and growth opportunities.

Click here for the story from Times of India.

Randstad: Talent war will be for niche skills
Times of India
The war for talent is going on. A new "war" is taking place today that can best be described as guerrilla warfare, says Brian Wilkinson, executive board member and chairman of Randstad India, in a Times of India report. The war was believed to be over during the global recession when suddenly, after years of fighting, organisations were the ones able to pick and choose talent. However, this volume has not relieved the old problem of skill shortages. Talented top-tier professionals with niche skills, who you would need to move around the marketplace, are staying put. There will be stiff competition to secure talent for hard-to-fill vacancies. Organisations that rise to this challenge will be best positioned to attract risk-averse passive candidates who cling to their jobs. For many, the promise of job security will carry as much importance as a salary hike.

Click here for the story from Times of India.

Role of independent directors lacks clarity
Business Standard
Corporate governance has fallen victim to the obscurity surrounding independent directors' role, Kumkum Sen, partner at Bharucha & Partners, says in Business Standard. Poor governance manifests itself in lack of transparency, unreliability in financial reporting and creating an environment where principles of conflict of interest are compromised. The revised clause 49 of the Stock Exchange Listing Agreement introduces new standards for corporate accountability. It mandates the appointment of independent directors on boards of public companies, and lays down eligibility criteria for them. However, the changes were made by a regulatory notification and were not part of any law. The new Bill is loaded with governance norms and provisions, but the overall picture lacks clarity. As a result, implementation has been put on the backburner by most corporations unsure of what processes and systems to follow and how they should be measured against performance.

Click here for the story from Business Standard.

Bonding at corporate summer camps for children
Times of India
With summer holidays round the corner, many companies are launching initiatives to build employee/parent engagement, Times of India reports. A wide array of activities has been planned for children, from summer camps, competitions to music and dance classes. MphasiS has a month-long summer camp in April and May for kids aged 3 years to 12 years. Children are kept busy through activities such as clay modelling, gymnastics, dance, art and craft, games, magic shows and the like. iGATE Patni organises in-house music band "Rubberband" once a week in the office cafeteria. Children are encouraged to play any instrument or sing with the band. Aarif Aziz, head, HR, GE JFWTC, says these programmes help the organisation connect with employees' families and build camaraderie. Parents are also given the chance to take time off their schedule and bond with their children over fun activities.

Click here for the story from Times of India.

People Moves & Recruitments

HCL Infosystems names Enterprise Solutions Head
The Hindu Business Line
HCL Infosystems has appointed Neeraj Jaitley president, enterprise solutions, The Hindu Business Line reports. Jaitley will report to CEO Harsh Chitale.

Click here for the story from The Hindu Business Line.

Ranbaxy Labs CEO & MD reappointed
Financial Chronicle
Ranbaxy Laboratories has reappointed Arun Sawhney CEO and managing director for a period of five years, Financial Chronicle reports. Shareholders have also approved the reappointment of Takashi Shoda as director of the company.

Click here for the story from Financial Chronicle.

Bates India picks CEO from Ogilvy
Economic Times
Sanjay Thapar, current group president of Ogilvy India, north and east, is set to take over as CEO of Bates India, Economic Times reports. He has been assigned the job of turning around the agency, which has seen high-profile exits of senior executives, including CEO Sandeep Pathak.

Click here for the story from Economic Times.

What do you think?

The content of this field is kept private and will not be shown publicly.
Image CAPTCHA
Enter the characters shown in the image.