Nearly 60 percent of recruiters expect new jobs to be created in the January-June period and IT, manufacturing and retail are likely to become top sectors for job creation, says a survey. According to the Naukri Hiring Outlook, 2016, 40 per cent recruiters said maximum jobs would be created for 1-3 years experience level in the coming months. IT-software industry (16 percent) leads the sectoral analysis with expectation of maximum job creation. Manufacturing and retail come second with an 8 percent growth in expectation of new job creation. “As per the Naukri Hiring Outlook Survey, recruiters are cautiously optimistic about the hiring outlook over the next six months,” Naukri.Com Chief Sales Officer Mr. V Suresh said. MR. Suresh further noted that though the forecasts vary by industry and region, recruiters from industries like IT services, retail and even manufacturing are expecting the job market to move north. On increments, the survey said that this year, 33 percent recruiters are expected to give increments in the range of 5-10 percent and 26 per cent are expected to give increments in the range of 10-15 per cent. “As far as increments are concerned, 30 percent recruiters surveyed feel the average increments could be around 15 percent in the current appraisal cycle. Good times ahead for jobseekers,” Mr. Suresh said. Meanwhile, 32 percent recruiters feel getting a better offer is the primary reason behind people changing their jobs, followed by salary. Around 13 percent said location is the reason why people change jobs and 12 percent said that job profile is also a reason for job change. Naukri Hiring Outlook is a bi-annual survey which gauges the hiring sentiment across sectors and industries. The survey was conducted with more than 4,000 respondents – a mix of recruiters and consultants
This year leading B-schools of India witnessed a rapid decline in global job opportunities. Offers from international enterprises have descended by 25 percent in IIM-Bangalore, 74 percent in IIM-Kozhikode, and about 20 percent in IIM-Calcutta. In addition, XLRI did not receive any international offer this year. Pondering over the situation, B-schools’ placement teams informs that, students are obtaining domestic offers prior to the international offers. And, with India emerging as the brightest spot in the global economy, students are more inclined towards domestic jobs. “India will be the fastest growing major economy driven by investment, consumption and policy factors, which will boost employment,” said Mr. SV Nathan, Senior Director and Chief Talent Officer, Deloitte India. “Also, U.S. and European firms are expanding their presence here and so the companies are focusing more on hiring in India.” Despite the fact that, BMW and Protiviti provided job opportunities for the first time in the management school, international offers submerged to 15 from approximately 20 last year at IIM-Bangalore. Similarly, at IIM-Kozhikode, international offers were only 4 compared to 15 last year and IIM-Calcutta received 21 in comparison to 26 in 2015. It is also an interesting scenario as both the batches of IIMs in Kozhikode and Kolkata, were already placed domestically by the time a few international offers arrived in the campus.
The Indian subsidiary of Procter & Gamble, the American multinational consumer goods company, has decided to introduce a new policy which will allow its employees a paid leave of six months when they adopt a child. The initiative is a part of its industry-leading efforts, which has seen it been counted amongst the first few companies in India to grant maternity leave of six months. The new policy makes both male and female employees eligible for this paid leave if they are the primary caregivers. “The intent of launching the Adoption Leave Policy is to lead the way for the industry as we see the adoption trend rising in the near future,” said Ms. Sonali RoyChowdhury, HR director at P&G India. “We expect the trend to pick up, especially as P&G India is a very young organisation with an average age of 28-29,” she said. Reportedly, the number of P&G employees who have adopted children has doubled in the past two years. Not only this, P&G India has also upgraded its flexible working policy which would allow employees to work from home for as many days as their manager allows. “We are reaffirming our commitment to ‘flex@work’ by providing greater flexibility in critical life stages like return from maternity/paternity, taking care of ageing parents, attending to a family member who is sick, etc,” Ms. Roychowdhury said. It was five years ago that P&G had introduced a maternity leave of six months, setting an example for other companies to follow. With this move, it surely has become an example for its peers.
In what could bring smiles to lakhs of central government employees, the Centre might start paying the increased salary, recommended by Seventh Pay Commission, from July onwards, as per media reports. Added to the pleasure will be the government decision to also pay arrears to the employees along with the hike in salary. The ‘increased pay’, which is due from January 1, 2016, will mean a total of six months’ arrear. As much as Rs 70,000 crore has been provisioned in the Union Budget 2016-17 for implementation of Seventh Pay Commission for government employees. Implementation of the pay commission report in total is to cost the government Rs 1.02 lakh crore. The government in January set up a high-powered panel headed by Cabinet Secretary Mr. P K Sinha to process the recommendations of the 7th Pay Commission which will have bearing on the remuneration of 47 lakh central government employees and 52 lakh pensioners.
Flipkart Ltd, India’s largest e-commerce firm, is close to naming Mr. Saikiran Krishnamurthy, a senior leader in its core commerce business, as the head of its logistics unit ekart, said four people familiar with the matter. The move is aimed partly at breaking down barriers between ekart and Flipkart’s commerce arm, which until recently were being run as independent businesses, two of the four people said. Mr. Krishnamurthy most recently headed the service product group in Flipkart’s commerce platform. His team is responsible for order fulfilment, post-delivery and seller services, and is closely linked to ekart, which is a key business for Flipkart, employing more than 20,000 workers who deliver smartphones, clothes, shoes, TVs and other products to customers. He is expected to take charge this month, the four people cited above said. Mr. Krishnamurthy was one of Flipkart’s high-profile hires last year. The online retailer hired him from consultant McKinsey & Co. in March.
PepsiCo Inc awarded Chief Executive Officer Ms. Indra Nooyi a $26.4 million pay package for 2015, an 18 per cent increase, after she helped offset the effect of a stronger dollar by cutting more than $1 billion in costs. Ms. Nooyi’s received $13.9 million in cash bonuses and a stock award valued at $6.25 million that will vest depending on how PepsiCo’s stock performs relative to its peers over the next three years, according to a proxy statement. The pay also included $1.64 million in salary and a $4.26 million adjustment to the value of her pension and deferred pay. Ms. Nooyi coped with slowing growth at PepsiCo last year by trimming expenses, raising prices and rolling out new products. North American demand helped fuel growth at its Frito-Lay snack division as the stronger US dollar eroded sales overseas. The Purchase, New York-based company’s shares gained 5.7 percent last year, outpacing rival Coca-Cola Co and the Standard & Poor’s 500 Index. Chief Financial Officer Hugh Johnston received the second-biggest pay package last year, valued at $8.56 million.
Entrepreneurship is buzzing in India with startups springing up by the day to capture the new business opportunities. And women are beginning to make their presence felt. Though small in number for now, their role is only expected to get bigger in the days to come. The country already has the presence of over 4,200 startups straddling the spaces of business-to-consumer (B2C) and business-to-business (B2B) with women as founders constituting around 9% of this group currently, according to information provided by Nasscom. There has been a 50% rise in number of women entrepreneurs between the years 2014 and 2015 with this segment receiving a cumulative investment of $168 million in the last one year, which was a 4x growth. Women as entrepreneurs are equally excited about their journey in the startup world and are resonating well with their targeted markets.
Apple Inc, amid a pitched battle with the US government over law enforcement’s desire to crack into iPhones, has hired a new security executive to oversee its corporate digital defences, people familiar with the matter said. Apple appointed Mr. George Stathakopoulos, formerly vice president of information security at Amazon.com Inc and before that Microsoft Corp’s general manager of product security, to be vice-president of corporate information security, the people said. Apple declined to comment on the new hire.
A Telangana man, Prof V Ramgopal Rao, is likely to become the director of Indian Institute of Technology-Delhi. Prof Ramgopal Rao’s name was sent by search-cum-selection committee to the President for approval. The approval is expected to be received in about a week’s time. Mr. Rao, a native of Kollur, Mahabubnagar, completed his BTech from Kakatiya University and MTech from IIT-Bombay. Mr. Rao, who is PK Kelkar Chair Professor, Department of Electrical Engineering, IIT-Bombay, is chief investigator at the Centre for Excellence in Nanoelectronics, and head of Centre for Research in Nanotechnology & Science, IIT-Bombay. He received Prof CNR Rao Bangalore India Nano Science Award, and Dr Shanti Swarup Bhatnagar Prize.
Following in the footsteps of IT majors Microsoft, Google, and Apple Inc, the US global computer technology corporation Oracle has unveiled plans to set up a state-of-the-art campus centred in Bengaluru, India’s IT capital. It will also open nine incubation centres to support startups in the country and train over half a million students in India to develop computer science skills through Oracle Academy. The student training initiative is expected to give a boost to the government’s “Digital India” and “Skill India” programs. The announcement was made after Oracle’s Global CEO Ms. Safra Catz called on Prime Minister Mr. Narendra Modi in Delhi. During the meeting, she briefed the prime minister on Oracle’s plans to expand its operations in the country. Oracle has been operating in India for the last three decades but this was the first time the company announced such major plans which coincided with Ms Catz’s maiden visit to the country. The new campus in Bengaluru, the largest outside its headquarters at Redwood Shores, California, will be spread over an area of 2.8 million square feet and is expected to be the epicentre of its operations throughout India. More than 11,000 employees from diverse fields, including engineering, sales and marketing, global support, and finance and consulting, will converge at the high-tech site.
Asserting that SC/ST people are equally competent to do private jobs, Union Minister Mr. Ram Vilas Paswan asked the industry to voluntarily give reservation to the weaker sections, claiming it will help curb naxalism. “Why are youths drifting towards naxalism? It is happening because they are not getting opportunities,” Mr. Paswan said on the sidelines of an event here. “Providing quota in private jobs will help cool down anger among SC and STs,” The Union Minister for Consumer Affairs said suggesting that the vulnerable youths from these sections are taking to extremist ideology due to the lack of employment avenues for them. Currently, the industry does not seem to be bothered about the backward sections of society, he added. Making a strong pitch for job quota in private sector, the Minister said: “The private industry, which is benefiting from the government, should reserve jobs if not at Class I and Class II but at least at Class III and Class IV levels to provide just reservation to scheduled caste (SC) and scheduled tribes (ST).”
Honeywell Automation India Ltd (HAIL) announced appointment of former Wipro CFO Mr. Suresh Senapaty as its Chairman. Mr. Senapaty has been appointed as an Additional Director (Non-Executive, Independent) and as Chairman of its Board of Directors, effective Tuesday, March 8, 2016, the company said in a statement. “Mr. Suresh Senapaty will be responsible for contributing to HAIL’s overall strategy and to provide counsel on corporate governance, business, and financial matters,” it added. He succeeds Mr. Surendra L. Rao, who served as member of the Board of Directors of HAIL since January 2002 and as Chairman of the Board of Directors from August 2014 to February 2016. Commenting on the appointment, HAIL Managing Director Vikas Chadha said: “Mr. Suresh’s global and local experience will provide the right financial vision for a company like HAIL, which brings both global technology expertise, and local capabilities to address the unique needs of Indian customers.” Mr. Senapaty has experience of over three decades in finance, governance, and strategy. He has held leadership and board positions at several Wipro companies, having previously led its finance function across its information technology, consumer care, infrastructure engineering, and healthcare businesses, HAIL said. On his new role, Mr. Senapaty said: “Honeywell’s technologies help solve some of the world’s toughest challenges in energy efficiency, safety, security, and productivity. Honeywell is also equally local, with many decades of service in India. I am excited to be part of this company and look forward to see the business grow in India.”
Communications and Information Technology Minister Mr. Ravi Shankar Prasad said that the government is taking BPOs to small towns to create job opportunities in rural areas of India. “We are taking BPOs (business process outsourcing) to small towns of India to provide employment to youth so that they don`t have to migrate to cities for jobs,” Mr. Ravi Shankar Prasad said at the Digital India Summit in the capital. The minister said that only 398 km of optical fibre cables were laid in Indian villages before the Bharatiya Janata Party (BJP) government came into power. “Now more than 1 lakh km of OFC is laid, touching more than 50,000 village panchayats.” He said the nation`s future lay in its talent clubbed with the information technology, and pointed out that the country witnessed a huge jump in manufacturing of mobile phones that “has grown by 83 percent since last year”. “Now almost every big mobile phone brand has a manufacturing here. Investments in electronic manufacturing prior to May 2014 was only Rs.11, 000 crore. Now it has crossed Rs.128, 000 crore.” The minister said growth of internet was an important tool for development and described it as an “open, fair, democratic, neutral and plural media for empowerment of people”. “It (Internet) must remain non-discriminatory,” he added. The minister stated that “digitally empowered India is the ultimate aim of Digital India Mission.”
Even as it is in talks with Dell to acquire the Perot Systems business, French IT services and solutions provider Atos has strengthened its senior leadership by hiring a key executive to manage its global delivery. The Euronext-listed company has appointed Mr. Sean Narayanan, former chairman and managing director for LiquidHub India, as its chief operating officer (COO) and head of global delivery for its consulting and system integration business. Before joining LiquidHub in July 2014, Mr. Narayanan was a key executive at IGATE (now part of Capgemini), where he was the chief delivery officer and also a board member of one of its business units. Mr. Narayanan’s joining of Atos assumes significance at a time when the company is engaged in serious talks with Dell to acquire the Perot Systems business. According to several sources in the know, Atos is learnt to have outbid most other suitors including India’s top IT outsourcing services company Tata Consultancy Services. “The discussion is reaching a stage of finality,” said a top official who was previously engaged in the conversation with the company. “Atos might have already made it,” added the source.
Royal Bank of Scotland has announced plans to cut 448 investment banking jobs in the UK and move two-thirds of those to India. Around 300 jobs will go to existing Royal Bank of Scotland (RBS) operations in Gurgaon and Chennai. London and Newcastle-under-Lyme will bear the brunt of the job cuts, along with Manchester and the layoffs will take place by the end of next year. “As part of RBS’s drive to be a stronger, simpler and fairer bank, we have been restructuring our corporate & institutional bank, as well as reducing its size, to focus on our core customers and products,” the bank said in a statement. “As this process continues, our frontline staff need a simpler, clearer, more efficient relationship with our middle and back-office functions to better serve customers, so we’re reshaping our services business accordingly,” it said. Unfortunately the changes will result in some job losses. The bank, which is 73 per cent owned by the British taxpayer after a bail-out during the financial crisis, had recently also announced a cut of 550 investment advisers, replacing them with an automated system. It has been in the midst of global restructuring as it reported losses of 2 billion pounds this year.