Hiring goes up 4.1 percent in Indian companies

New Delhi: Hiring activities in the Indian companies rose by 4.1 percent in September with IT, BPO and real estate sectors turning bullish after a long time. The monthly `JobSpeak index` by naukri.com stated an increase to 729 in September as compared to 701 in August this year. "The secular trend is positive across sectors. Had it not been for an early festival season we may have seen further improvement in the index. The good news is that the IT and BPO sectors which are big employers espec...
Published about 21-10-2009 | Rated 0

Sun to cut 3000 jobs, blames Oracle takeover delay

Sun Microsystems will cut 3,000 jobs over the next 12 months because of the delay in its takeover by software giant Oracle. The company is waiting for the verdict an European Union (EU) probe regarding the takeover. Sun Microsystems in a filing with the U.S. Securities and Exchange Commission (SEC) said that the layoffs are part of a restructuring plan brought in by the delay in its acquisition by Oracle. The company said the move will result in charges of between $75 million and $125 million...
Published about 21-10-2009 | Rated 0

TCS to increase variable pay for Indian staff

Mumbai: Software exporter Tata Consultancy Services (TCS) has decided to pay 150 percent of the quarterly component of the variable pay for the second quarter to its India-based employees. At TCS, employees` compensation has two components - fixed and variable. And, variable pay accounts for 20-35 percent of TCS employees` gross salary. "About 4-5 quarters back we had a cut in the variable payout. This move of paying 150 percent of the quarterly component of variable pay is in line with our p...
Published about 19-10-2009 | Rated 0

Recruitment industry`s revenues are about to fall 40-50 percent

Bangalore: As the slowdown hit India, recruitment firms saw their clients stop hiring or delay the process. Also, the clients have started asking for discounts. "The recruitment industry`s revenues are likely to fall 40-50 percent by March 2010," said Pramod Thilakan, Associate Director at industry body, Executive Recruiters` Association (ERA). As reported by the livemint, from 2002 to 2008, the recruitment industry galloped at 30-40 percent year-on-year as new firms entered and crowded the m...
Published about 19-10-2009 | Rated 0

Top women execs quit office to become CEOs elsewhere

Bangalore: The companies like Archer Daniels Midland, PepsiCo and Kraft Foods all have women CEOs, as the former CEO of eBay, Meg Whitman, is running for governor in California. The Secretary of State is a woman, as are this year`s Nobel Prize winners in medicine, chemistry and economics. According to a new study by Xavier University Business Professor Hema Krishnan, the turnover rate for women in top executive spots is more than double that for men. Hema Krishnan, in an interview to Enqui...
Published about 19-10-2009 | Rated 0

IT cos back in the hiring zone, step up campus recruitments

Technology companies, which are recovering from the downturn hangover, are now knocking at the doors of not just premier engineering colleges but mid-tier ones as well. Officials from several colleges say that firms such as TCS, Wipro, Infosys, HP, Cisco, Sapient, IBM, Convergys BPO and Symphony Services plan to hire in a big way. At BMS College of Engineering, 100 of the 800-900 students, who will pass out in January 2010, have already got placed and they have been offered salaries ranging b...
Published about 19-10-2009 | Rated 0

Mid-tier IT firms to hire about 30,000 experienced hands

New Delhi: Returning to the employment orbit, the mid-tier IT companies plan to take in 25,000 to 30,000 experienced hands in the next three to nine months. Those on the lookout for trained hands are companies like GlobalLogic India, Aricent, MindTree, CPA Global, Sapient, Symphony Services, Citrix, Adobe, Persistent Solutions, nVidia, Amazon, Agilent and Vertex. The demand has been spurred by a spurt in outsourcing, better order positions and companies expanding their India operations and m...
Published about 18-10-2009 | Rated 0

Recruitment India

Recruitment India refers to the process of finding possible candidates for a job or function, undertaken by recruiters. India recruitment may be undertaken by an employment agency or a member of staff at the business or organization looking for recruits. Either way Recruitment India may involve advertising, commonly in the Recruitment India section of a newspaper or in a newspaper dedicated to job adverts. Employment agencies will often advertise jobs in their windows. Posts can also be advertis...
Published about 16-10-2009 | Rated 0

13 Trends In Corporate Recruiting for 2009

A significant part of my work involves giving presentations around the world on the hottest recruiting topics. It is an aspect of my work that I truly enjoy because it affords me an opportunity to continuously learn about where our profession is headed. Through speaking, I not only help companies understand the latest recruiting trends, but I also learn from hundreds of professionals about what they see as hot topics, emerging trends, and how they are approaching them. I wanted to take this o...
Published about 16-10-2009 | Rated 0

MBAs manipulating resumes to get jobs

Bangalore: It is not only the techies, but also several employees who hold a Master of Business Administration (MBA) degree fudge their resumes to get jobs. About 37 percent of B-school respondents, according to a new survey by a job portal, say that they manipulated their resumes at some stage in their careers. While 26 percent of the respondents confessed to lying about their employment history and projects in their previous organisations, six percent said they lied about their academic creden...
Published about 15-10-2009 | Rated 0