Sapphire HR Newscast

From XLRI Jamshedpur, School of Business and Human Resources

Recruitment

Staggered hiring on the rise

In addition to on-campus recruitment, lot of firms in the IT/BPO, banking & finance and other major sectors are following the trend of ‘Staggered hiring’, which is off-campus recruitment strategy. This type of hiring happens throughout the year and across regions largely depending on the place the company is based in and the kind of manpower it requires.
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Hiring plans: India is world's No.3

India has emerged as the third most optimistic nation in terms of employment, with 42 per cent of employers having robust hiring plans for the first quarter of 2008, a latest survey says. Globally, Peru topped the list followed by Singapore in the second place and India grabbed the third spot with strongest hiring prospects for the first quarter of 2008, the Manpower Employment Outlook Survey said.

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Indian IT companies tapping foreign resumes

Supplemental hiring, or hiring employees in and from America to do jobs offshored to India from the US, is becoming an option for a lot of Indian companies. While some companies choose to let these foreign employees work from their respective home base and pay them more than their counterparts to compensate for the cost of living, others relocate them to India with hefty packages.

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Labor Laws

LS passes bonus Bill

The Lok Sabha approved a Bill that would replace an Ordinance issued in October this year for raising the eligibility limit for bonus payment to industrial workers from Rs 3,500 to Rs 10,000 per month. The Ordinance had also extended the bonus benefits to all construction worker employees, employed by builders or contractors, even if they have worked for a month.
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IT/BPO

Smaller IT-BPO cos. bank on best HR practices to remain competitive

Small and medium-sized IT and business outsourcing companies are constantly looking at adopting best practices such as innovative performance appraisal system, individual career development programmes and recreational activities, to make themselves more attractive to employees in a fiercely competitive market, says a survey on exciting emerging companies in India.

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Trends

IT firms increase academia interaction

Fearing a massive shortage of skilled manpower in the next few years, the country's top IT firms are enhancing their interaction with colleges and universities to ensure that the graduates who pass out from these institutions match the industry's requirements. For instance, the country's second biggest software services firm Infosys has developed several learning aids and tools that will help meet specific college requirements and bring about uniformity in training.

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Compensation

Indian wages rise 14.8 percent in 2007

Wages in India are expected to rise by 14.4 percent in 2008, a fifth year of double-digit growth as companies fight for talent in a booming economy, says human resource consulting firm Hewitt Associates. The firm's annual 14-country survey showed salaries in India rose 14.8 percent rise this year.
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Policy

Centre may retain tax sop only for BPOs

The central government is likely to extend the Software Technology Parks of India (STPI) scheme beyond 2009 only to Indian information technology-enabled services/business process outsourcing (ITeS/BPO) firms. The Centre is simultaneously planning to request the IT industry to shift from dollar to rupee-denominated contracts to benefit from the rising rupee.
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Trends

Design industry faces talent crunch

The fledgling design industry in the country is experiencing the egg-and-chicken syndrome. While there are just 500 designers actively contributing to the industry (though the current talent pool is around 3,000), the country needs about 8,000-10,000 designers per year.

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International

European high-tech sector needs Indian talent

There are roughly 43,000 jobs going begging in new technology sectors and "losses can be calculated in billions," according to August-Wilhelm Scheer of Germany. But owing to an unfavourable demographic trend and growing disinterest among German students for scientific studies, the labour pool for programmers, telecommunications engineers and computer security specialists is emptying out. A near-term solution would be to allow, even stimulate immigration of highly qualified people from India and China.
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Letters to the Editor

Surakshit Khullar surakshit.khullar@astra.xlri.ac.in
Nikhil Chadha nikhil.chadha@astra.xlri.ac.in

P.S. - Please send your feedback and suggestions for improvement to the editors on the above mentioned email IDs.