---------- Forwarded message ---------- From: Murali-G-Trainee-Human Resources-TICO-TII <[email protected]> Date: Thu, Feb 12, 2009 at 1:09 PM Subject: Naukri - HR Headlines To: Meena Muthuraman-Mgr-Human Resources-TICO-TII <[email protected]>
*38% Recruiters Anticipate New Hiring In 2009: A Naukri.com Survey *Naukri.com, India's No 1 job site, conducted a survey of over 1500 employers via e-mail that revealed a positive hiring scenario for 2009. 38% recruiters predict addition of new jobs, 37.8% expect replacement hiring, 14.3% expect a freeze and 9.5% anticipate layoffs. Meanwhile, according to the December 2008 JobSpeak, the Naukri.com Job Index, the overall job index at 697 in December, is 10% down from 776 in November. Overall, this implies a 31% decline in new jobs since July 2008, thus reflecting the economic turbulence and impact of the global recession. Considering city-wise, Delhi – NCR registered a drop from 841 in November to 697 in December, while Mumbai moved up marginally from 692 in November to 717 in December. Ahmedabad, Chandigarh, Cochin, Baroda remained less affected, jobs grew or declined by a small margin. In the industry-wise analysis, the job index for the automobile sector slipped by almost 28% in December, as compared with November 2008. Construction and engineering and real estate continued to witness a slowdown in hiring. Pharma remained an exception and continued to see an increase in new jobs with the index at 1031. *Source:* 27 Jan' 09 www.naukri.com ** *SC Ruling: No Need Of Travel Proof For LTA* In a significant ruling, the Supreme Court has said that proof of travel is not required while assessing the conveyance and leave and travel allowance of employees. The apex court said that employers are under no statutory obligation to collect supporting evidence and furnish them to tax authorities. The existing rules make it mandatory that any claims on LTA and conveyance should be supported by journey bills. However, the apex court has now annulled this. The order came in a plea by companies including Larsen &Toubro and ITI. *Source:* 29 Jan' 09 www.ibnlive.in.com *Over 5,000 Infosys Employees Put Under Scanner* Infosys Technologies has placed around 5,000 employees on the company's rolls or five per cent of its global workforce under the scanner. Experts are viewing the move as an offshoot of the global financial meltdown. Also, the company has made it mandatory for senior managers to give the lowest performance rating to the 'underperforming' 5 per cent as a part of the company's consolidated relative ranking (CRR). The ranking is decided on the basis of the employee's appraisals, done twice a year. The company will run a six-month mentoring programme for such employees after which their future will be decided based on the improvements they have made. *Source:* 28 Jan' 09 Business Standard *Work Increasing At Labour Courts With Rising Lay Offs *India's labour courtrooms are abuzz with activity these days as layoffs across companies rise in the wake of the global economic turmoil. Employees are dragging companies to court over non-payment of dues. Also, it is mandatory for companies to keep the government informed of their retrenchment programmes. For instance, the two manufacturing companies—Larsen and Toubro Komatsu Ltd and Federal-Mogul Goetze (India) Ltd—have filed applications in the Bangalore labour department, declaring their plans to sack 365 and 1,800 employees, respectively. In the central labour court in Delhi, around 70 of 120 employees have filed a case against the Indian branch of Barclays Bank Plc for not paying salaries for November and December. *Source:* 27 Jan' 09 www.livemint.com *Despite Recession, These Firms Are Hiring *Amid the bloodbath happening in the jobs market worldwide, there are still firms that are doing robust hiring. US magazine Fortune reports that the top 20 employers including Google, E&Y, Microsoft, are looking to hire over 7000 people. While internet major Google has 350 vacancies for engineering, marketing, product management and legal sales, Edward Jones has 1,040 job openings for financial advisors and branch office administrators. Microsoft, despite announcing 5,000 job cuts, is also looking to hire thousands of employees. Other companies still hiring include Wegmans Food Markets (2,000 jobs), Cisco Systems (500), Genetech (585), Whole Foods Market (800) and Ernst and Young(2,800). Further, the companies looking to hire include KPMG, Booz Allen Hamilton, T-Mobile (2,163), PricewaterhouseCoopers (500)and Accenture. The US sandwich chain Subway plans to open 600 new stores in the UK and the Irish Republic, generating more than 7,000 new jobs. BSkyB will create 1,000 new jobs after reporting strong half-year results. Meanwhile, Asda, part of US giant Wal-Mart, will create 7,000 new jobs this year. Swedish clothing store H&M will also create between 6,000 and 7,000 new jobs in 2009. *Source:* 28 Jan' 09 www.dnaindia.com, news.yahoo.com *One Single Day Claims Over 70,000 Jobs *At least six companies, ranging from manufacturing to telecom across the US and Europe, announced more that 70,000 job cuts on Monday, Jan 26 as part of cost cutting measures to grapple with the deepening global economic recession. With this, the tally of total jobs lost in January so far crossed two million. Construction machinery manufacturer Caterpillar, pharma major Pfizer, telecom firm Sprint Nextel Corp, home improvement retailer Home Depot, Texas Instruments and Dutch financial group ING are the six major firms that announced massive job cuts. Apart from these, other companies have also announced job cuts through the week. *Source:* 27 Jan' 09 www.sify.com *About 125,000 Non-Regular Workers Become Jobless In Japan *Between October 2008 and March 2009, an estimated 124,802 non-regular, temporary workers in the manufacturing sector in Japan, either lost or are expected to lose their jobs amid the recession. According to a labour ministry survey, the estimated number of job cuts during the six-month period represents a 50% jump. Also, a combined 1,215 college or high school students scheduled to graduate in March have had job offers cancelled by companies. It is estimated that in the export-oriented automakers and electrical firms industries, many more companies are likely to cut jobs or cancel job offers. *Source:* 30 Jan' 09 www.livemint.com *Microsoft: Indian H1-B Techies In US May Lose Jobs *There may be tough days ahead for Indian IT professionals working on H1-B visas for Microsoft Corp in the US. After the software giant announced plans to sack 5,000 employees, there are indications that the first to go would likely be non-Americans amid calls to first target foreigners working on H-1B visas. An influential Republican Senator from Iowa Mr Chuck Grassley has asked the company to protect the jobs of Americans while implementing the layoff plan. In the recent past, Microsoft has been at the forefront to advocate expanding the H-1B visa programme, a temporary visa programme that lets American companies and universities recruit thousands of expatriate workers in a category considered by the government requiring specialised skills. *Source:* 27 Jan' 09 www.financialexpress.com *Unemployed Americans Claiming Benefits On A Record High *According to the U.S. Labor Department, the number of jobless American workers claiming unemployment benefits from the government hit the highest level since 1967. For the week ended Jan 17, the number of people claiming unemployment insurance was a seasonally adjusted 4,776,000, representing an increase of 159,000 from the previous week's revised level of 4,617,000. However, the total number of people receiving jobless benefits nears about 6.5 million. About 1.7 million people receive benefits under an extended jobless compensation program. *Source:* 30 Jan' 09 Hindustan Times Business *Mr Kannan To Replace Ms Kochchar Among Senior Moves At ICICI *Mr N. S. Kannan is slated to be the new executive director and chief financial officer of ICICI Bank Ltd from 1 May, replacing Ms Chanda Kochhar after she takes over from Mr K.V. Kamath as chief executive officer and managing director. Currently, Mr Kannan is executive director at ICICI Prudential Life Insurance Co. Ltd (ICICI Life). Meanwhile, Ms Madhabi Puri-Buch, currently executive director of ICICI Bank, has been named as managing director and chief executive of ICICI Securities Ltd from 1 February. Mr K. Ramkumar, the group's chief human resources officer, has been promoted to the post of executive director of the bank from 1 February. Mr Pravir Vohra, the group's chief technology officer, has been nominated as a non-executive director on the board of ICICI Securities. *Source:* 24 Jan' 09 www.livemint.com *Ms Patty Morrison Joins UST Global *Ms Patty Morrison, former Motorola CIO, has joined the strategic advisory board of UST Global, a leading provider of IT services and solutions for Global 1000 enterprises. In this role, her focus will be to introduce Midwest CIOs to UST Global, work with the services and strategies group and provide consulting on overall corporate strategies. *Source:* 30 Jan' 09 www.thehindu.com -- G.Murali "I am a lucky man" --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "myfamily" group. 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