HR Buzz – May 11, 2012

March industrial output growth falters to 1.5%
Economic Times
Growth in industrial output was markedly slow in March owing to the poor performance of the infrastructure sector, Economic Times reports. A Reuters poll of 28 economists showed the index of industrial production (IIP) rising around 1.5 percent year-on-year in March, significantly lower than 4.1 percent in February. The findings are corroborated by weak expansion in the factory sector, which slowed for the third consecutive month in March. Infrastructure sector output, a core component of the wider industrial output, grew a meagre 2 percent in March, compared to 6.9 percent in February. The sector accounts for around 38 percent of overall industrial output and carries significant weightage in the headline number. Economists do not see a sustained pickup in industrial output yet. Arun Singh, senior economist at Dun & Bradstreet, expects muted industrial production growth because high interest rates are damping investment activity.

Click here for the story from Economic Times.

Online emigration service likely by 2013
Economic Times
The government is launching an electronic platform to ensure a hassle-free emigration system, a move that will make travelling abroad for jobs a lot smoother, Economic Times reports. Under the "e-migrate" project, Indian missions and emigration authorities will be linked through an online portal that will simplify different processes in the emigration cycle and improve effectiveness, said Overseas Indian Affairs Minister Vayalar Ravi. The "complete and comprehensive" electronic platform will connect stakeholders such as the Protector of Emigrant offices, recruiting agents, employers, immigration counters, Indian missions abroad and insurance companies. It will also help reduce corruption, malpractices and irregular migration, he added. The service will be operational by 2013.

Click here for the story from Economic Times.

Slowdown hits pace of B-school placements
Business Standard
Placements at B-schools have dragged on longer than usual, Business Standard reports. The process is normally over by March-April, but some students have yet to secure offers this year. For example, at the Institute of Management Technology Ghaziabad, about 7 percent of the batch of 424 has yet to be placed. Alterations in placement processes, such as introducing spot offer system, deferred placements, giving domestic recruiters preference and approaching more companies, have not helped. Shridhar Guda, chairperson, placements, Indian Institute of Management (IIM), Kozhikode, blames it on the slowdown. Companies have hired cautiously this year and reduced their intake of recruits compared to last year. At the IIM Ahmedabad, the average number of offers per company stood at 2.35. B-schools, including the IIMs, had to invite a higher number of firms. However, mid-level and smaller institutes still found placements difficult.

Click here for the story from Business Standard.

MNCs look at tier 2 cities for R&D expansion
The Hindu Business Line
Multinational companies (MNCs) in India are moving their R&D centres into tier 2 cities to rein in costs and curb attrition, The Hindu Business Line reports. The study by Zinnov says companies are entering tier 2 cities such as Ahmedabad, Jaipur, Chandigarh, Coimbatore, Vadodara, Nagpur, Pune and Thiruvananthapuram. The trend has been seen in MNCs such as Dell, Nokia, Amazon and others looking to expand. Tier 2 cities have traditionally been a preferred destination for IT and BPO companies. These cities provide advantages such as bigger catchment area, lower attrition and cost arbitrage, said Chandramouli CS, senior director globalization advisory, Zinnov. The study also highlighted the MNC R&D talent pool in India. For 2011, it was 204,196 and expected to grow 9 percent a year to 2.5 lakh by 2015. Fresh talent in tier 2 cities may be some 35 percent of this pool.

Click here for the story from The Hindu Business Line.

Study: Team work skills hold key to success
Economic Time
In a survey by Jobbuzz, the ability for team work has emerged as the key skill for success in a job across industries, Economic Times reports. Relationship management was rated the second most important skill by employees, followed by leadership qualities. Most employers felt relationship management had a profound effect on the business growth. Respondents from industries such as infrastructure, chemicals, paints and fertilisers, hospitality and tourism, consumer care goods and consumer durables, and ITeS gave more importance to relationship management compared to other industries. Leadership skills were important for those employed in heavy industries such as oil, gas and power, heavy machinery/capital goods and industrial supplies. A TJinsite poll found 32 percent of respondents said a good manager was one who empowered the team. Around 28 percent said leading by example was crucial to becoming a good leader.

Click here for the story from Economic Times.

Achieving work-life balance gets easier
Financial Chronicle
Workers are happier now after a phase of extremely rapid growth and the stress that came with it, Financial Chronicle reports. A Regus study has found that most Indians have successfully managed to achieve a balance between their work and personal lives. The country's work-life balance index stood at 139 points in 2012, up 15 percent from 2010. About 80 percent of respondents enjoy working more and are satisfied with the amount of time they spend on personal pursuits, the study said. A large majority, 84 percent, felt they had achieved more at work than in 2010. The survey was conducted among more than 600 professionals. The increase in the index shows that work-life harmony is improving and that Indian businesses are addressing the issue, said Madhusudan Thakur, Regus regional vice president, South Asia.

Click here for the story from Financial Chronicle.

Physically fit leaders empower employees
Hindustan Times
Leaders have to be fit, both mentally and physically, says a report in Hindustan Times. One has to dedicate time and space to keep fit and maintain a state of alertness. "Fitness consciousness," like any regimen, becomes an integral part of one's schedule once it has been inculcated. It fits naturally into the scheme of things, however demanding the work schedule may be, says Gagan Banga, CEO, Indiabulls Financial Services. For a leader, being physically fit is the pre-requisite to demonstrating self-control and discipline. Leaders who take control of and maintain their physical fitness set a good example for subordinates, says Mohit Khattar, Godrej Nature's Basket. A fit leader inspires employees to work towards being the same. It instils a sense of self-confidence and empowers them to challenge themselves.

Click here for the story from Hindustan Times.

Employability tests smooth recruitment process
Economic Times
Employability tests are gaining favour with more and more organisations, Economic Times reports. Approximately 60 percent of organisations have affirmed their usefulness in filtering candidates for a job, says a TJinsite survey. About 20 percent of the employers surveyed conduct employability tests for all positions, and 60 percent hold the test for specialised positions, the survey said. A small number also use online employability tests to narrow down eligible candidates for the job. Because of cost pressures and the rate at which the business is changing, there is not enough time to develop skills internally, says Saurabh Singh, national head, Pearson Clinical and Talent Assessment. Companies are now looking at standardised tests which assess behaviour and performance more accurately than aptitude tests. Experts also say employability tests can help plan training needs and chart the career path of employees.

Click here for the story from Economic Times.

Reliance to step up hiring, headcount tops 50,000
Financial Chronicle
Employee headcount at Reliance Industries Ltd (RIL) has grown during the last fiscal after a gap of three years, taking the total number to beyond 50,000, Financial Chronicle reports. As per the company's annual report for 2011-12, the number of employees grew by 505 during fiscal 2012, taking the total staff strength to more than 50,000, including more than 25,000 employed in retail. RIL has recruited close to 100 in leadership roles, of which 20 percent are expatriates. It has also hired 37 professionals for its business transformation initiative and added 55 management graduates, 37 chartered accountants and 340 graduate engineers from campus recruitment drives. Campus hiring was "only likely to swell in the future," the company said. Prior to this surge in employees, Reliance saw its employee numbers shrink by 2,826 between FY09 and FY11.

Click here for the story from Financial Chronicle.

People Moves & Recruitments

Danone Narang Beverages picks India GM
Mint
Danone Narang Beverages, a joint venture between French foods company Danone and Mumbai-based Narang Group, has named Tarun Arora general manager for India, Mint reports. He was previously executive vice president and head of marketing at Godrej Consumer Products.

Click here for the story from Mint.

Komli Media names senior executives
Economic Times
Online media company Komli Media has appointed Rajesh Ghonasgi CFO and Anjali Shrivastava vice president and global head of HR, Economic Times reports. Ghonasgi was previously CFO of Persistent Systems. Shrivastava joins from Ogilvy & Mather, where she was country head of talent.

Click here for the story from Economic Times.

Hover Automotive picks Marketing & Sales Chief
Financial Chronicle
Hover Automotive India has appointed Nitish Tipnis as director, marketing and sales, Financial Chronicle reports. The firm is the sales and marketing partner of Nissan India.

Click here for the story from Financial Chronicle.

Genesis Colors appoints Adviser & Director
exchange4media
Genesis Colors has named Jaspreet Bindra as adviser and independent director, exchange4media reports. Bindra has worked with Microsoft, Tata Group and eBay India.

Click here for the story from exchange4media.

 

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