Showing posts with label news. Show all posts
Showing posts with label news. Show all posts

Apr 7, 2011

Some interesting HR news

1.6 million new jobs this year


The organised sector in India would create about 1.6 million new jobs in 2011. Healthcare sector, followed by manufacturing, hospitality, real estate and others are likely to be the leading sectors in terms of job creation, according to Ma Foi Randstad Employment Trends Survey (METS). This year too, Mumbai, Delhi NCR and Chennai would retain their top slots generating a total of 273,634 jobs among them, it said.
If this forecast comes true then we can expect an all out war for talent in these industries across all levels.

How do you think organizations should cope with this huge demand for talent and yet keep their salary costs low?

Study in the US, work in India

In a surprising finding, a recent study has concluded that an overwhelming majority of Indian students pursuing higher education in the United States would prefer to return home to begin their professional careers.
Only eight per cent of the nearly 1,000 Indian students who were surveyed expressed strong preference to stay back in the US. The rest are either planning to return home or are undecided as of now, says the joint study conducted by Rutgers University, Pennsylvania State University and the Tata Institute of Social Sciences.
Nearly 74 per cent of the respondents plan to return to India eventually or had already done so, with most (53 per cent of the whole sample) preferring to get a few years of work experience in the US prior to returning, the study noted.
This could be the result of the visa lottery system in the US, but if this trend continues, Indian industry and economy would be the gainer of the American education system and short term
Representatives of 25 Indian blue-chip companies, industry mavens, and diplomats gathered in the US Congress that they are creating jobs in the US, not taking them away.

Indian firms presented a checklist of what it was doing for America in troubled times: employing 60,000 people across 40 states, more than four-fifths hired locally; acquisitions worth nearly $6 billion since 2005; hiring thousands of fresh US college graduates; all with the cumulative effect of saving thousands of American jobs.

TeamLease raises 100 crore for funding to push into vocational education


TeamLease completed an equity fund raise of Rs 100 crore to fund the vocational education expansion of the company. This capital was raised from ICICI Venture, and existing investor Gaja Capital Partners.
TeamLease Services, focused on the organized temporary staffing market since 2003, entered vocational education by acquiring the Indian Institute of Job Training (IIJT) in 2010.
Education and skilling are tipped to be the next big growth opportunities in India, and while the formal education sector is still regulated by the government, vocational skilling programs are the big way forward

Oct 22, 2010

Indian HR leaders start their own consulting gigs

I've started to see an interesting trend. Indian HR leaders after reaching the top jobs are starting to start their own consulting businesses. The latest in the line are Bimal Rath (who was heading Nokia's HR in India) and Aquil Busrai (who was HR Director at IBM) have both started their own consulting businesses.
They join the list of HR folks like Udai Upendra (ex-HR head of Ranbaxy) and V. Kartikeyan (ex-HR head of Texas Instruments) who have their own consulting businesses.
Why the trend?
Personally I think it's because HR heads after reaching the top of their organizational growth find they don't have a next career growth. Unless they move to a business role, like Google's APAC HR Head, Manoj Verghese who joined Facebook India as Director of Business Operations.

So the next challenge they seek is to set up their own ventures and use exisiting skills and build new skills too.
On the other hand - there are professionals like Ravi Virmani (who have spent their careers in consulting) are moving to industry roles.
Looks like there will be more news on this list in the future.
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Sep 4, 2010

Mailtoday article on Sex, Work and Career Success

Neha Tara Mehta of Mailtoday asked me for my views on a US survey that shows that women who sleep with their bosses gain career success.

The article can be read here

SLEEPING WITH BOSS CAN BOOST CAREER

By Neha Tara Mehta in New Delhi

US survey says 37% of office workers believe that having an affair with the boss helps in growth at work. Is it any different in India?

ITS THE most politically incorrect admission to make in the modern workplace, but a US survey has revealed that sleeping with their boss does help women climb several notches up the corporate ladder.

The New York- based Centre for Work- Life Policy has found that 37 per cent office workers said that from their experience those who slept with their superiors were rewarded with a career boost.

Whats more, no matter how high achieving the woman is, she will not reach the very top of her profession unless she finds a sponsor — read a sugar daddy who is almost always married.

In the West, the Indian publishing industrys one- time poster boy, the sacked Penguin Canada CEO and President David Davidar was led by his “ consensual flirtation” to give a $ 10,000 ( ` 4.6 lakh) raise to former colleague Lisa Rundle and the fancy title of director of digital publishing and foreign rights. When the relationship soured, Rundle filed a suit against Davidar — costing him his job.

Cases from India Inc, though, hardly ever come to light, and are discussed only around coffee machines. Says adman Prahlad Kakkar — one of the few who are willing to come on record on how between- the- sheets liaisons can have a bearing on ones raise: “ We all know that when there is some degree of smoke there has to be some fire.

When a woman sleeps with her boss, she is called a whore. When a man sleeps around, he is called a careerist.” Adds Gautam Ghosh, the HR consultant whose blog GautamGhosh.net has been ranked as one of the top 25 HR blogs by HRWorld: “ As a society, we are non- confrontationist. We would rather speak about something in hushed tones or gossip about an affair involving a celebrity.” In the West, politicians are much more flamboyant than their Indian counterparts about their peccadilloes with women who are then rewarded with plum positions.

In 2009, Italian premier Silvio Berlusconis wife Veronica Lario wrote an open letter condemning her husband for his choice of young inexperienced candidates to represent his party.

And in France, young female ministers picked by Nicolas Sarkozy go by the name Sarkozettes. Its not very different back home. Political greenhorns have made it to the Rajya Sabha, become chief ministers and even proxy- chief ministers through their liaisons with powerful men, but remain a subject to be discussed only in hushed tones.

The US survey has further revealed that 34 per cent women in executive positions said they knew of female colleagues who had slept with the boss, and even at the director level, 15 per cent of the women admitted to having had a fling.

Writer and former hotelier Advaita Kala points out that the findings could be explained by the the emergence of the raunch culture, as described by Ariel Levy in her 2005 book Female Chauvinist Pigs . Levy has written about the rejection of feminist principles and the unabashed use of sexuality to get ahead. “ There is some truth to women not being apologetic about being viewed as the fairer sex now. But in many cases, people talking about a female colleague sleeping with the boss is just misogynistic gossip.” The phenomenon has begun to make its way into popular literature and films as well. Soap queen Ektaa Kapoors former scriptwriter Smita Jains first book, Kkrishnaas Konfessions , featured as its protagonist Krrishnaa, an ambitious scriptwriter who isnt opposed to using her sexuality to forge ahead in her career.

“ Sleeping with the boss is an extreme form of tying yourself with the right person to make progress. Men can rely on their alumni and boys clubs, but most women cant. So a lot of women seek mentors in powerful people, sometimes by using sexual favours,” Jain says.

Filmmaker Madhur Bhandarkar has in two of his films shown women using sexuality to climb the ladder. In a real life twist, Bhandarkar was accused of running a casting couch in 2004, when Preeti Jain filed a case against him stating that she slept with him in exchange for roles in his movies.

In 2005, actors Aman Verma and Shakti Kapoor were caught in sting operations, where they were shown seeking sexual favours from aspiring starlets.

Giving the example of a beauty queen- turned- Bollywood actress, who skipped sleeping with producers and directors but dived into bed with a top Bollywood actor, Kakkar says, “ Its important to sleep with the right person.” A smart employee, he says, wont actually sleep with the boss – but be permanently on the verge of it. “ Sleeping around is the clincher, but not the meat. You have to be really competent to rise ahead,” Kakkar adds.

Author Anuja Chauhan, vicepresident and executive creative director of J. Walter Thompson, agrees sleeping around alone doesnt help in making it to the top. “ Sex may be the way up to middle management, but not to the top,” she says.

HR expert Anil Sachdev believes people using carnal means to get a career jump points to the larger issue of the lack of ethics in organisations.

“ These cases take place in organisations where leaders pay attention only to the financial aspect of success, and turn a blind eye to other attributes,” says Sachdev. “ Enlightened organisations now base 50 per cent of their performance appraisal on key result areas and the other 50 per cent to the means used to achieve the targets,” he points out.

Sleeping around to get to the top often borders on sexual harassment – something that many organisations arent equipped to deal with. “ Most HR managers arent equipped to have such conversations.They come from generic skills of recruitment and performance management,” point out Ghosh. HR heads, moreover, are often associated with business leaders, making it an intimidating task for a woman to file a complaint in quid pro quo cases.

Offices transforming into hotbeds of intrigue over suspected affairs — even when none exist — make it hard for meritorious employees to function. The US survey showed that 65 per cent of female executives suspect that salary hikes and plum assignments are being traded for sexual favours. Some 48 per cent of the men and 56 per cent of the women feel animosity towards the involved couple, leading to a drastic decline in office productivity.

This, says Sujata K, who works with the HR department of a Mumbai- based MNC, is an unfair assumption. She says, “ Im not denying that certain women do exchange favours with their bosses, but even if a woman does not do that and is successful, she is accused of having slept her way to the top.” Call it the new unwritten workplace code.

( With inputs from Sunaina Kumar in Mumbai)
 What do you think?

Another post I wrote about sex and the workplace was when I was on CNN-IBN's program Y-Not

Aug 24, 2010

My views on Personal Branding in the Outlook Money story on Marketing Yourself

I was quoted recently in the Outlook Money story Market Yourself Right on Personal Branding by Anagh Pal:

Constantly evaluate yourself. “Prepare your personal balance sheet; find out what is working and what isn’t,” says Merchant. Figure out what areas of expertise you require to add to your portfolio. “The idea is to build T-shaped expertise, broad expertise of an area and deep expertise of one specific niche,” says Gautam Ghosh, who blogs on HR, social media and personal branding. But there’s no short cut.

Invest time. Learn from every possible opportunity. Attend workshops, seminars and training programmes. There’s lots to learn out there.

Learn from people. Have a wide range of people on your contact list—coaches, mentors, industry leaders, trendsetters and opinion makers. Ask them the right questions. Get their perspective. Follow up.

Invest money. Take a professional course. Let it be something that will help you to grab that next important project, or make a career move that will open up a new opportunity.

Be more than just an employee. Don’t limit yourself to your job description. “Do different things or do things differently,” says Purvi Seth, CEO, Shilputsi Consultants, an HR firm. Go beyond what’s expected of you. Jump on to a project that others are iffy about, take calculated risks. Don’t just change jobs, move laterally within your organisation too. As an HR professional, you might want to dabble in sales to improve your communication skills. If you have always worked for an MNC, you could consider a start-up. Each successful project would mean one more ‘braggable’ that you can showcase to your next employer.

Be an intrapreneur. Think like an entrepreneur even within your organisation. Focus on innovation and creativity. If, say, as a sales manager, you feel that a social media campaign could work for You, convince your boss to let you take a shot at it. If it succeeds, own it.

Tell the world you know. With globally accessible online forums and social media, it is easy to trumpet achievements and share your point of view with the world. Be searchable and accessible and connect with others with similar interests. Be active in industry groups, discussion boards and chat forums on social networks, such as Linkedin. Share your knowledge and help others. And, of course, stay in touch with people who matter—peers, influencers, experts and potential recruiters. The key, says E. Balajie, CEO, Ma Foi Management Consultants, is “constant communication; your audience should hear from you regularly”. If you have established yourself as an expert, the offline world is bound to notice you if you regularly attend various meets and seminars. Try to be visible in traditional and electronic media too. Gaurav Mishra, who builds and nurtures online communities as CEO of 2020 Social, started to blog on Social Media marketing back in 2005. It led him to meet new people, get recognised, a Yahoo! fellowship, teaching assignments and, finally, to set up his own firm.

Build trust. Build relationships. You won’t be present when your bosses sit down in a closed room to decide whether you deserve a promotion or a double-digit increment. The impression you have left earlier has to do all the talking.

Be someone they can trust. Says Ghosh:: “Help people out. If you cannot, identify someone who can. Ensure that the person’s problem is solved.” Such people end up becoming brand ambassadors for You. Saundarya Rajesh, founder-president, AVTAR Career Creators, stresses on sincerity, genuineness and consistency. “We seek those marques that have consistently fulfilled their stated commitments and eventually become loyal to them,” she says.

Aug 6, 2010

Harvard and Columbia B-Schools start teaching Social Media

This is an interesting news item from Businessweek.

If any Delhi based B-Schools want to start teaching a course in Social Technologies enabled Business I'd be interested to talk :-)

B-Schools All A-Twitter Over Social Media
Harvard Business School and Columbia Business School have joined a growing list of business schools that are adding courses on social media to their MBA curricula, addressing the corporate demand for social-network-savvy employees. The two schools are among at least six that have added courses in the past year that allow students to learn about Internet marketing and social media strategy, according to course syllabi and faculty associated with the classes.

With Twitter's social networking site claiming 190 million users tweeting 65 million times a day and Facebook reporting 500 million active members, companies including Sears Holdings, Panasonic, Citigroup, and AT&T have begun hiring social media directors to develop and manage marketing strategies that address the nuances of the online world. Business schools in the last three years have seen a drop in graduate placement rates—to an average of 84 percent in 2009 among Bloomberg Businessweek's top 30 full-time MBA programs, from 96 percent in 2007. Social media classes are one way of preparing students for careers in a promising field, says John Gallaugher, associate professor of information systems at Boston College's Carroll School of Management, where "Social Media & Web 2.0 for Managers" is being offered in the fall.

"In the realm of technology it's possible for us to teach our students a tool that their bosses don't have, and they can provide that added value from day one," Gallaugher says. "Social media skills are the ones that can set them apart. Those are the skills that employers are looking for."

Columbia, in New York, offers four Internet marketing courses. Two of them, "Social Media," taught by Rachel Sterne, chief executive officer of GroundReport.com, a global citizen news platform, and "Media and Technology," taught by New York Times technology columnist David Pogue, will be offered for the first time next spring, according to professor Rajeev Kohli, chair of the Columbia marketing division. At Harvard, in Boston, professor Mikolaj Jan Piskorski last fall introduced a second-year elective course, "Competing with Social Networks," and 172 students enrolled—three for every available seat. "Students know these tools are too hard to ignore," Piskorski says.

Other MBA programs that have added courses that explore social media include London Business School , INSEAD, the international business school based in Fontainebleau, France, and the École des Hautes Études Commerciales, known as HEC Paris, according to faculty at the respective schools.


Aug 4, 2010

Unilever India Chief says industry being held back by lack of Human Capital

In the Hindustan Times the HUL Chief Harish Manwani has forecast that industry is going to be held back unless it engages with the education sector to plug the employability deficit.

Human capital gap shows
According to a report by consultancy company McKinsey & Co, India would need to upgrade the skill sets of around 500 million people by 2020 to meet its growth requirements. At current capacities, however, the country can train barely 50 million. Yet another consulting firm Boston Consulting Group has said that, of the 89 million people expected to join the workforce from 2009-13, over 47 million would be school dropouts.

"Corporates must actively commit resources — time, money and people — to innovatively collaborate with educational institutions so that academic curriculum is tuned to changing needs of the industry." Manwani said.


In my view, students need to be counselled on their careers and what they have an aptitude for. Currently, everyone who does a basic graduation aspires aspires for a white collar job. Whereas the reality is - we need vocational training at the undergraduate level - skilled workforce to build the industry. In fact, Rashmi Bansal said it best in her blog post. Go read it.

Aug 3, 2010

Ex-Wipro CEO Vivek Paul enters the Enterprise 2.0 space

I've blogged about the use cases for employee and talent communities earlier as well as 3 scenarios and stories on how social technologies can help organizations build culture, foster innovation and build a connected team - and thereby move to being Organizations 2.0.

So it's quite interesting to come across a news item that says that Vivek Paul , that the ex-Wipro CEO is now targeting the Enterprise 2.0 space as this article in the Economic Times says. There is only one big Indian player in this space - Cynapse and it'll be interesting to see how Paul's sales abilities and Rolodex takes KineticGlue.

It's more interesting to note that Paul is targeting the domestic market and employee collaboration is one big promise being made. Would it end up confronting Wipro's old rival Infosys' new offering?

Here's the article:
Vivek Paul turns entrepreneur with KineticGlue
Paul’s first entrepreneurial venture, KineticGlue, is helping hundreds of employees at companies such as Dell India, Yes Bank and L&T Infotech collaborate better by using an online social medium. Essentially, KineticGlue will help every company set up its own ‘official’ equivalent of Facebook for employees—only it increases productivity, not eat into it. L&T Infotech, an early user of KineticGlue, has found that collaboration between 500 workers using this platform has helped it discover new revenue streams.

L&T Infotech, an early user of KineticGlue, has found that collaboration between 500 employees using this platform has helped the company discover new revenue streams. Unlike traditional email groups, wherein users interact with each other through chains of messages, corporate social networking solutions like KineticGlue enable project groups within companies to have open conversations, with each discussion thread linked to relevant topics.

This not only helps in forming focused discussion groups, but also breaks hierarchical barriers and encourages bright and less experienced professionals to participate.


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Aug 2, 2010

Jobseekers don't want employers to check their social profiles, says study

Another interesting article on how the job hunting process is changing with the availability of social profiles on the web. The assumption is that recruiting firms and employers can access data that will be damaging to the job seeker. However, it can work the other way too. A friend who works with a bank in Asia Pacific region shared that a job seeker was shown as "unreliable" in the traditional background verification process, but based on checking the person's social profiles - they decided to hire the person!

So job seekers don't really have to be alarmed in the way this article proposes, keep privacy filters on and don't indulge in hate-mongering on the web are the two aspects I'd suggest.

Here's the article excerpt:
Job seekers wary of social media
Job seekers are aware that bosses are using social media as part of the recruitment process but don't think it's entirely appropriate, according to a new survey.

The Hays online survey of 885 people found that 38 percent of respondents believe employers use social networking profiles to help vet applications, but should not do so.

It says 35 percent not only believe employers use social networking profiles, but also believe that they should use such information to vet applications.

Just 27 per cent think employers do not use social networking profiles as part of the recruiting process.

"This survey reignites the debate about public versus private life, but this time it's not celebrities or politicians that are arguing their right to privacy, but every day job seekers," said Jason Walker, Managing Director of Hays in New Zealand.

"The majority of job seekers feel that their personal life is their personal life, and their social media profile should not be used as part of the decision making process.


Jul 12, 2010

Hewitt Associates gets acquired by Insurance Broking firm Aon

Hewitt Associates LogoImage via Wikipedia
This is interesting news for people in the HR industry. Insurance broker Aon Corp is to buy Hewitt for about $4.9 billion According to Reuters:

Aon plans to integrate Hewitt with its existing consulting and outsourcing operations and sees annual revenue of $4.3 billion for the combined entity, which will be named Aon Hewitt.

Russ Fradin, chairman and chief executive officer of Hewitt, will head Aon Hewitt.

Aon expects the deal to add to 2011 and 2012 earnings and generate about $355 million in annual cost savings in 2013, primarily from reduction in back-office areas.

The Aon-Hewitt deal is the second major deal in the consultancy space in a year after Towers Perrin and Watson Wyatt agreed to a $3.5 billion merger to create the world's largest HR consultants.

The insurance brokerage expects to finance the deal through a $1.5 billion bridge facility and $1 billion bank term loan.


I really don't see a reason why an insurance broking firm sees the need to acquire a HR Consulting and Outsourcing organization.

Hewitt has a big outsourcing facility in India - and looks like they'll be getting a lot more outsourcing work in the insurance space - but what it means for existing Hewitt Associates clients and employees in India will become clear soon.

In India Aon has a small operation, as its website states

Aon Global Insurance Brokers Pvt Ltd. (Aon Global) is a joint venture between Mr. Prabodh B. Thakker of Global Insurance Services and Aon Corporation. Aon Global is the leading insurance intermediary in the Indian market.

Aon Global is a Composite Broker licensed by the Insurance Regulatory and Development Authority. As a Composite Broker, Aon Global is permitted to offer both reinsurance and corporate (domestic) broking solutions to its clients. Aon Global combines international expertise and local knowledge to provide value added, professional, cutting edge risk management and insurance solutions to its clients. The company is the leading broker for placement of facultative risks in the aviation and energy sectors.

Aon Global became operational on March 3, 2003. The company is headquartered in Mumbai, has offices in Delhi, Chennai, Bangalore and Pune. The company has 80 staff members on its rolls, 60 of whom are insurance professionals having the requisite qualifications and experience to meet client needs.


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Jun 21, 2010

Railway Recruitment under Scanner again

Forget Indian private sector employees going for high salaries - that news is dependent on economic cycles. However if there is one sector that is immune to such recruiting woes - and where people routine riot and cheat to get into - it has to be the public sector jobs. Check the latest railway recruitment scam unfolding in the country

The railways have deferred the recruitment examinations scheduled across India on June 27 after the CBI’s revelation yesterday of a question-leak racket involving two senior officials and their families.

Railway sources said the affected exams of June 6 and 13 too could be cancelled and fresh tests held since 780 to 1,000 candidates were suspected to have known the questions.

New dates will soon be announced for the June 27 exam, meant to recruit enquiry-and-reservation clerks and goods guards, a Railway Board official said.

Sources said the CBI had found sealed question papers of the June 27 exam at the Railway Recruitment Board office on Calcutta’s R.G. Kar Road during their countrywide raids on Thursday that busted the racket and netted eight people.

Group C and Group D jobs are roles that are apparently not very skill oriented - like this ad for the Railway asks for sportsmen to apply and there are other quotas like "cultural" quotas.

When an unskilled job comes with an almost-lifetime employment guarantee, and perks that most private sector employees never get, and no incentive to increase performance levels it's no wonder that it's a den of corruption.

Jun 16, 2010

McKinsey and Nielsen form JV for Social Business Consulting

The industry of Social Business Consulting just became a little more interesting. McKinsey - the big daddy of the traditional Strategy consulting firms and Nielsen - the maker of the Nielsen Buzzmetrics, social media analytics and listening tool (which helps in listening and responding as explained in this blog post), announced a Joint Venture to help clients leverage the social media data being gathered.

Here's Clickz's news report:

Nielsen has formed a new social media consulting company through a partnership with McKinsey & Company. The firm, called NM Incite, includes executives from both Nielsen and McKinsey, and is intended to help brands act on social media research and analysis provided through Nielsen-owned BuzzMetrics offerings.

Over the years, Nielsen has served some of the same clients as McKinsey, a global strategic consulting firm with consultants based in more than 50 countries. The new venture brings the companies together formally in order to serve senior level executives. While Nielsen monitors social media to isolate brand strengths and weaknesses and consumer insights, the combined NM Incite will help clients apply that intelligence on a more strategic business level.

"Our clients have been asking many questions with regard to social media...as to how to use it to their advantage," said NM Incite's president of media products and advertiser solutions, Steve Hasker, who spent 12 years with McKinsey before moving to Nielsen and helping to get the joint venture off the ground.

Hasker said Nielsen's traditional clients in CPG, retail, and media have shown an interest in the new company's services, in addition to pharma and financial services. "The large clients will be a focus here," he added.

"There's a big area around product development," he said. NM Incite will focus on "how brands can leverage social media to harness consumer insights to develop better products and optimize the launch of those products," he said.
I personally think McKinsey's entrance into this space brings a larger sense of credibility to the social business consulting world - and along with folks like Dachis Group, Altimeter Group in the US, and 2020 Social in India, will be growing and maturing the market. I expect to see other large consulting firms like Booz & Co., BCG, Accenture and Bain to also actively look to enter the space via the JV, acquisition or "building a practice" route.

Check out NM Incite's blog posts here.


Yes, exciting times ahead.

Nov 10, 2009

It's raining jobs?

So says this rather extra positive report in the Economic Times:

Global consultancy firms Accenture, Deloitte, banks StanChart and Barclays and Indian IT giant Infosys all have announced hiring plans that would see the creation of at least 13,000 jobs in India by the end of next year.

Personally, I think a news item about 13000 jobs being added is not in any sense of the term flooded. Specially since the unemployment rate in India is still around 7%.

Oct 4, 2009

HR Outsourcing to get more jobs to India?

Interesting article in the ET - however offshore HR outsourcing which is being done is comparatively low end currently in India.

There's however potential for this work itself to be done cheaper in the level 2 and 3 cities in India - as metros become more and more expensive for doing it.

Most of human resource outsourcing (HRO) contracts coming up for renewal are likely to witness a significant restructuring .This is likely to see more such work being offshored to India.
Everest Group, in a study ‘Human Resources Outsourcing (HRO): End-of-Term Market in HRO’ said the areas of restructuring range from modifying the number and type of in-scope processes, to enhancing delivery models through global sourcing, to introducing alternative pricing models.
According to the research firm, about 75-85 % of engagements will likely be extended while 15-25 % will be repatriated or transferred to new suppliers.

Jul 26, 2009

HR related News

So here are some interesting news items that caught my attention, see how much you're interested :-)

  • Accenture has failed to meet its hiring target in India . The company had said it intended to increase its India headcount to 50,000 this year from 37,000 as of April 2008. However, it fell short of the target by 10,000
  • India plans to open its higher education sector to foreign investment and some of the world's leading universities next year to help meet the growing skills requirements of -millions of its young people. I hope that will trigger a war for talent in the teaching and educational administration population, and induce many bright Indians to pursue a career in educating tomorrow's India.
  • Organizational changes are afoot in the company earlier known as Satyam and now as Mahindra Satyam. The new way will include more disclosure within the company. For example, each division will know the other's pricing, profits and overhead costs, and the company has added a new position of Chief Compliance Officer. Softer parts of the corporate culture also are changing. Mahindra managers are more likely to end work on time and go out for a beer with colleagues -- the former culture was more formal, with colleagues calling each other "sir," Mahindra managers now at Satyam say. In another step to purge Mr. Raju from the culture, the name of Satyam is likely to be dropped from the company in the next year, says Mr. Gurnani, the new CEO.
  • In order to protect itself from falling prey to the US protectionist policy, Bangalore-based technology outsourcing major Wipro Technologies has decided to step up local hiring in overseas markets. Chairman Azim Premji said the company is looking to increase the count of local employees on-site. He said, "At present about 30 per cent of the employees are locals, but we would like to see this number increasing."
  • IT services firms, which are benching more professionals because of the slowdown, are doubling training period for freshers to better equip them when the good times return. However, this means rise in costs for the firms, which are already facing diminishing revenues.

Jun 29, 2009

HR Consulting news: Towers Watson: Towers Perrin and Watson Wyatt to merge

Ok, this is an interesting development, and I guess makes sense in this season of economic recession.Towers Perrin and Watson Wyatt will merge to form Towers Watson.

Watson Wyatt has an Indian presence, while Towers Perrin does not. However it does  stuff related to salary surveys with Cerebrus Consultants in India.

So I don't think Watson Wyatt India will be impacted by this merger, but am guessing that globally there would be redundancies specially in overlapping service lines.

As the WSJ reports:
The combined company, to be called Towers Watson & Co., will have annual sales of about $3.2 billion with 14,000 employees. It will be publicly listed, as is Watson Wyatt. Towers Perrin is closely held.

The merger will create the world's biggest employee-benefits consultancy, displacing the Mercer unit of Marsh & McLennan Cos., according to Shlomo Rosenbaum, an analyst at Stifel, Nicolaus & Co. Before Sunday's announcement, Watson Wyatt held second place, while Towers Perrin ranked fifth among global providers of employee benefits advice, he said.

Watson Wyatt is a strong player in pension consulting, while Towers Perrin is stronger in health-care consulting than Watson Wyatt, Mr. Rosenbaum said. He said it is unclear whether the firms will "be able to cross-sell products that the other one does not sell".

Jun 8, 2009

IT firms dupe employees

Abhishek Rungta an IT entrepreneur tweeted me these two disturbing stories that took place in Kolkata.

The first one says :

An unlicensed software company that had been operating out of Bengal’s IT hub for three years without the authorities noticing is being investigated for cheating campus recruits of their security deposits and salaries.
Trainees of INFOGEN Global filed an FIR with Bidhannagar East police station on Tuesday against “chief visionary” Anirban Ghosh and his management team for criminal breach of trust and fraud. The company, which has four offices in Salt Lake, had recruited them as software developers last year for an annual pay package of Rs 84,000 each but hasn’t paid them a rupee so far.


The other says :

Over 700 employees and 228 trainees of Assurgent Technology Solutions Pvt. Ltd have complained that they were recruited through campus placements, made to pay Rs 1 lakh as security deposit, but then denied their dues.
The tech firm set up in 2005, dealing with software development, sales management and KPO, is now shut and its managers are absconding.
Officers of Bidhannagar East police station contacted their counterparts in Durgapur, where similar complaints had been registered against the branch office of Assurgent Technology. Sreejan Chatterjee, the branch in-charge of the Durgapur office, was arrested late on Thursday.


As Abhishek says, incidents like these are hitting the level of trust between employee and employer in the IT industry in India.

So what can you do?

If as an employee you are asked to furnish a security deposit at your firm, be sure that the firm is recognized. Does it have a certification/documentation. What about a legal team? Is the security deposit guarantee signed on legal documents?

I personally am against firms taking any kind of 'security deposits'. I think they are a stupid and short sighted measure. They denote a lack of trust.

However, with the bleak economic scenario I guess employees are prepared to accept terms and conditions without questioning - and that is something we should guard against.

Jun 7, 2009

Indians pessimistic about 2009?

This bit of news was a surprise. My take is that things have changed from the time when the survey was done in March. The same survey done now would be give quite a different result, IMHO

The hype over the recovery notwithstanding, packaged goods companies need to brace up for a tough year ahead, as a recent Boston Consulting Group study says consumers will save more and cut back on discretionary spends during the next 12 months.

The study done in March 2009 across a group of 1,800 urban consumers and 350 rural consumers with an annual income of over Rs 1 lakh stated that cuonsumers were pessimistic about the state of the economy and expected things to get worse.
Consumer spending, which had been growing at 10 per cent year-on-year, will now decrease. Over 34 per cent of the respondents said they would cut spends, while 16 per cent said would spend more in the coming year

Apr 16, 2009

HR challenges for Tech Mahindra - Satyam

So the uncertainty about my ex-employer has ended. Thankfully Satyam has not gone the Enron and Lehman way to implosion but in 100 days has been acquired by a smaller niche player Tech Mahindra.

Here are the big issues that I see for the merged entity:


  1. There are reportedly 12000 -13000 people on the bench in Satyam. While the government controlled board was there they had some job security. However once the acquisition process is complete how will TM decide on their future.
  2. Support groups. Tech Mahindra has internal support groups for HR, IT, Marketing, Finance - however it would need to keep a large part of Satyam's team also - because of the diversity of Satyam's business. However there would be some redundancies.
  3. Top management. I feel that the group that could see a major churn is the top management - perceived to be close to the former Chairman.
  4. Headquarters. The location of the headquarters plays a major part in the identity of the organization. Satyam was always a Hyderabadi origin company - how will it's image change if the headquarters are moved to Mumbai.
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Infosys signals tough times ahead

According to this news report:

With companies keen on maximum utilisation of employees and low tolerance to poor performance in the backdrop of global economic turmoil, nearly 2,100 employees in software firm Infosys have faced the axe.

 the officials said the sacking was part of the annual routine, which usually formed 5% of the total number of employees but this time it was much lower.
Some of the employees had been “outplaced”, Kris said, which refers to the firm hiring the services of placement agencies to help the employees to get placements in other firms.
Infosys has a workforce of 1,05,000, including trainees.


And its results signals more tough times ahead:

Infosys Technologies has decided to freeze wage hikes and hiring for fiscal 2010 and maintained that it would honour all campus offers made last year.
“Employees will not get salary hike or promotions this fiscal. At the same time, there will be no salary cuts,” said Mr Mohandas Pai, head of HR and board member of Infosys.
Infosys has maintained the salary structure for the employees that includes a variable pay component which ranges from 15 per cent of the compensation package for junior employees to about 50 per cent of the compensation for the board members.
“The board members have taken a steep cut and received only 58 per cent of the variable pay for the year,” Mr Pai said. Senior employees got 65-75 per cent of the variable component for the year, while junior employees received about 85 per cent of the variable pay. Mr Pai said Infosys would add some 18,000 employees for the year ahead including 16,000 freshers for whom the offer letters have been issued last year. (The company made 20,000 campus offers and assumes an 80 per cent acceptance – hence 16,000 offers.) It would add 2,000 laterals including some 1,000 laterals overseas.
“We will absorb all the 18,000 people to whom offer letters were given (including lateral hires) last time despite staggering their joining dates over the fiscal,” Mr Pai said.

However I think there is more caution in these actions, and things are on the upswing at least in industries that address the Indian consumer. Smaller IT firms that target the domestic industry might grow much better as SMEs look at ramping up their IT systems

Apr 4, 2009

Naukri.com's JobSpeak gives clues to hiring trends

According to the data shared by Naukri.com the following trends can be seen:

Industry Analysis: Job Index of Auto, Insurance, Oil and Gas moved up significantly
Job creation improved in industries like Oil and Gas, Auto, Construction, Pharma and Insurance. Hiring in the Oil and Gas industry picked up by 24%, the index moved to 910 as compared to 732 in Jan ’09. The index for Insurance industry moved to 922, up 20% as compared to Jan ’09. The Auto industry cheered up after the slump in the past months, the index moved up by 15% from 501 in Jan ’09 to 577 in Feb ’09
Witnessing a sudden shift, the index for the education industry moved down by 16%, from 1112 in Jan ‘09 to 940 in Feb ‘09.
Functional Area / Department Analysis:
Sales and Business Development professionals continued to see an increase in hiring, the index moved up from 849 in Jan ’09 to 953 in Feb ’09. Banking and Insurance professionals saw an upward trend in hiring, the index moved up by 10% from 665 in Jan ‘09 to 737 in Feb ’09.
The demand for professionals in Hospitality saw a downward trend in Feb ’09. The index moved down from 1046 in Jan ’09 to 925 in Feb ’09
Experience bucket: Senior Management hiring picked up by 10%
The maximum number of jobs continued to be in the 4-7 years category. However it was the senior management category that saw a push in hiring in Feb ’09. Senior Management hiring picked up, with jobs for 16+ years of experience moving up by 10% as compared with Jan ‘09. New jobs for the experience band of 13-16 years picked by 6% as compared with Jan ‘09

Methodology

The index has been calculated based on job listings added to the site month on month. July 2008 has been taken as the base month with a score of 1000 and the subsequent monthly index is compared with data for July. Data has been sourced from Naukri.com and it reflects of job listings and therefore hiring trends on the site.