Nov 14, 2006

SAPPHIRE Weekly- News from the HR world

XLRI Jamshedpur

13 November, 2006 School of Business & Human Resources

NEWS

India

Work Force Management

Talent shortage is India Inc’s greatest problem says CII

While the economy is experiencing a 10-12% growth, India Inc is facing a shortage of manpower at all levels. It is becoming difficult to get CEOs with domain expertise to run the business as multinationals grab Indian CEOs and Indian firms expand their operations overseas. Lack of vocational training and exposure to industry requirements makes it difficult for the industry to get people for managerial posts and other positions at the bottom of the pyramid.

The CII Institute of quality is conducting a two-day national summit on quality of education at school, college and university level in Bangalore.

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Why India can be global knowledge economy leader

The World Bank Institute offers a formal definition of a knowledge economy as one that creates, disseminates, and uses knowledge to enhance its growth and development.

The President of India, Dr. A P J Abdul Kalam, identifies India's human resource base as one of its greatest core competencies in a book titled India 2020: A Vision for the New Millennium where he predicts that India will become a developed country by 2020.

The author however is even more optimistic. According to his estimate, India will become a leader in the global knowledge economy by 2010. This will be the result of a highly focussed effort to achieve global thought leadership in a few select fields that offer the highest potential for Knowledge Process Outsourcing (KPO).

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Mercer HR Consulting names Best Companies to Work For in India

The Best Companies to Work for in India are Indian IT companies, according to a joint study conducted by Mercer Human Resource Consulting, the world's largest HR consulting firm; Business Today, India's number one business magazine and Taylor Nelson Sofres (TNS), a leading international market research firm.

Most companies in the top ten have leveraged technology and have built truly integrated HR systems and processes. This is turn, has benefited and empowered employees who get access to information related to HR policies, performance management review, training needs and career planning tools, online.

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Compensation

Pay packages in the Pharmaceutical Industry

Given the rate at which it is growing, the Pharmaceutical industry is all set to attract and retain talent with pay packages almost at par with the IT and ITES sector. Most pharmaceutical companies have a benefits-heavy pay structure with low cash component but high on benefits like car and housing.

At the senior management level the benefits are better as compared to even the IT sector. The companies also take care of internal equity. In fact, many pharmaceutical companies have recently done salary normalization in order to maintain internal parity.

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International

Recruitment

Photos and blogs on social networking sites could cost you your job

You might want to think about what kind of information and photos you post on the Internet. There is a new trend in the workplace, one which finds employers turning to search engines and social networking sites, such as MySpace.com, for screening backgrounds of job applicants as a way of saving money and time while recruiting.

Twenty-six percent of hiring managers said they have used Internet search engines to research potential employees and 12 percent said they have used social networking sites, according to an online survey released by CareerBuilder.com.

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Malaysia & India To Initiate Regional IPR Institute

Malaysia and India will initiate the establishment of an India-Asean Institute for Intellectual Property Rights (IPR) to build human resource capacities and training to serve the region.

The institute would also help protect IPR of products produced by both regions, Minister of Science, Innovation and Technology (Mosti), Dr Jamaludin Jarjis, said. He noted that two Indian giant IT companies, Infosys and Satyam, have been approached and have agreed to train a number of young Malaysian talents.

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Outsourcing

GOOS 06 charts the future of KPO in India

The Global Offshore Outsourcing Summit (GOOS) 2006, organized by the Indo-American Chamber of Commerce (IACC) at the ITC Grand Central, unveiled the future of the Knowledge Process Outsourcing (KPO) industry in India. In an engrossing day the industry captains spelt out the mantras for success that will enable India to transcend the boundaries from being a Business Process Outsourcing (BPO) destination and moving up the value chain to become a KPO hub.

Mr. Pramod Bhasin, President & CEO, Genpact, underlined the need for retaining talent at the top level to inspire confidence among customers.

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Strategy

India under focus as CMM looks to cover HR issues

Originally developed to make software development more reliable, the creator of the software capability maturity model (CMM) is extending it to human resource development. Indian companies have emerged as the leading implementers of this model.

Indian software companies have since moved to the highest level in the CMM sweepstakes, but they’re now faced with a wholly different issue that CMM was never meant to address — human resource development.

To find out more click on the title.

Labor relations: Implement a strategic human resources action plan – lessons from Hotel Industry

A particularly effective means for reducing labor-relations problems before they arise is to hire committed workers with positive attitudes. By developing reputations as great places to work, hotels and motels attract many potentially productive workers who take pride in their work, in their company and in what they produce.

How do hotels and motels develop such reputations?

The first step is to set forth a hiring and selection strategy so that one attracts and hires people who fit into his or her corporate culture.

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