Companies to face difficulties in retaining and hiring staff

The companies which took harsh measures such as layoffs and pay cuts during the economic slowdown should be prepared to face major difficulties in hiring and retaining staff as growth gets back on track, reports The Economic Times. Employee churn has picked up in the past three months in several businesses and Human Resource (HR) experts said how companies treated staff during the tough times would be a key determinant of attrition levels and the base of employer employee relationships. ...
Published about 04-11-2009 | Rated 0

Kingfisher to lay off around 100 pilots

100 pilots will be sacked by Kingfisher Airlines, on grounds of huge business losses and capacity reduction. These pilots were already working on 80 percent salary cut. These pilots have completed their probation and all endorsements, but the company has decided not to renew their service contracts in view of the huge losses and capacity reduction, sources told PTI here today. Their contracts would not be renewed as and when they expire and hence the job cuts would be carried out in a phased ...
Published about 04-11-2009 | Rated 0

Microsoft cuts 800 jobs, completes layoff plan

Microsoft is going to sack at least 800 emoployees across its operations, on top of the 5,000 jobs it already eliminated under a plan to reduce costs that was announced in January. A spokesman for the software giant said that the latest job cuts are spread across the company`s global operations, but about 200 are in and around its headquarters in Redmond, Washington. According to Reuters, Microsoft originally had planned to cut 5,000 jobs, or about five percent out of 96,000, before June 201...
Published about 04-11-2009 | Rated 0

Google world`s most attractive employer, followed by Microsoft

Internet search giant Google has emerged as the most sought after company for business as well as engineering graduates, according to two surveys, which term the company as the world`s "most attractive employer" followed closely by rival, Microsoft. According to the surveys compiled by global employer branding firm Universum, Google has been ranked at the top spot in the list of top 50 global businesses and engineering companies. About Google, the surveys said, "Google`s number one posit...
Published about 02-11-2009 | Rated 0

10 tips to avoid getting fired

Like they say, for every accident that occurs, there would have been 99 near misses. "Firing an employee is similar to that. Imagine how an organization would have thought about various other alternatives before resorting to sacking an employee, as that is the most difficult decision. Unless one gives a strong reason to get fired, be it consistent lack of performance, indiscipline, integrity or work ethics, an organization wouldn’t do it that easily, even in the most compelling of circumstance...
Published about 02-11-2009 | Rated 0

Industry set to add new jobs in Oct-Dec

Last Christmas was a forgettable one for most employed Indians. But, this year, the Santa promises a merry Christmas. After sharp job cuts in the first half of 2009, the industrial sector will become a net hirer in the fourth quarter (October-December). Besides, an improving employment outlook augurs well for private consumption demand. According to the Reserve Bank`s industrial outlook survey, collated by Nomura Financial Advisory, a net 8.8% of firms surveyed expect to increase employment i...
Published about 02-11-2009 | Rated 0

Apple hires 2,300 full-time employees in a year

Technology major Apple has raised its full-time employee count by 2,300 to 34,300 for the year ended September 2009, at a time when many companies worldwide slashed their workforce in the wake of the financial crisis. For the September 2009 financial year, the company had nearly 34,300 full-time equivalent employees and 2,500 temporary equivalent workers and contractors, according to its annual report. The firm had about 32,000 full-time people and 3,100 temporary employees and contractors...
Published about 02-11-2009 | Rated 0

Blue-chip cos back at IIM-A on Day Zero

D-Day is still four months away. Yet, on Monday, the B-school fraternity found the sentiment back after a gap of one year, with investment banks keeping their appointments with IIM-A, the first among the IIMs to hold summer placements. Day Zero for the first year students of the 2009-11 batch saw blue-chip recruiters like i-banks, Goldman Sachs, Morgan Stanley and Barclays (five acceptances each), JP Morgan, Nomura, HSBC, Deutsche Bank, Citigroup, and consultants like McKinsey, The Boston Con...
Published about 02-11-2009 | Rated 0

Tier-II cities ahead of metros in job creation

The tier-II cities have outpaced the metropolitans in creation of white collar jobs in the private sector, indicating a recovery in the overall employment market. Employment opportunities in the private sector increased by close to 30 percent in the second rung cities, while in top metros, they improved by about six percent in the first seven months of the current fiscal, the study by Assocham found. However, the job creation in Delhi NCR showed a decline of 23.42 percent and in Mumbai by...
Published about 01-11-2009 | Rated 0

IT sector to absorb 80,000 engineering graduates by 2010

Software industry body, Nasscom expects at least 70,000-80,000 engineering graduates who passed out in June 2009 and were offered jobs in their 5th and 6th semesters by TCS, Infosys and Accenture, among others, to get absorbed by March 2010. Not too long ago, there were apprehensions that the appointments of these tech grads could get deferred till 2011 in the aftermath of the global slowdown. However, the perception appears to have changed. Speaking to Economic Times, Nasscom Vice-President...
Published about 01-11-2009 | Rated 0