Feb 2, 2008

Sapphire HR Newscast



News from the HR World
XLRI Jamshedpur
School of Business & Human Resources
NEWS-VIEWS-TRENDS

Retail cos. look on the fair side of hiring

Some of the biggest players in the organised retail turf are looking up to the fairer sex, especially when it comes to dealing with killer attrition blues. Reliance Retail, Future Group, Shopper’s Stop and RPG Retail are experimenting with a host of hiring models to improve the ratio of fairer sex in their workforce. Most of these retailers have now cottoned on to the fact that women professionals are much more suited for retail job profiles, which ultimately improves retention levels.

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Govt. regulator considers fast track M&As

To reduce procedural delays in mergers and acquisitions, the Competition Commission of India, or CCI, is considering several changes to draft regulations. These include the introduction of a fast-track option, based on voluntary disclosure, and prescribing a minimum threshold limit for individual companies involved in mergers and acquisitions (M&As), in terms of revenues or assets, that would merit seeking the commission’s prior approval.

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Norms relaxed for hiring technical staff in commodity bodies

The government has decided to relax recruitment norms for filling up the 246 technical posts in different commodity boards and authorities. The decision to fill up the vacant positions was taken to overcome talent shortage and in the interest of research and development. The Union Cabinet has approved partial relaxation of the recruitment guidelines for Tea, Coffee, Rubber and Spices Boards, Marine Products Export Development Authority and Export Inspection Council of India.

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Telecommuting not so great for those left in office

Telecommuting may boost morale, and cut stress, but it can have the opposite effect on those left behind in the office, according to a new study. When a number of their co-workers toil away from the office by using computers, cell-phones or other electronic equipment, those who do not telecommute are more likely to be dissatisfied with their job and leave the company, said Timothy Golden, a management professor at Rensselaer Polytechnic Institute.

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Indians to get highest salary hike in '08

Indians working with MNCs are slated to get the highest salary hike of about 14 per cent on an average across the world in 2008, as firms readily adopt measures to prevent their employees from jumping the ship. According to data compiled by global human resources consultancy firm ECA International, Indian employees are expected to get the biggest paycheck increase globally in 2008, primarily driven by inflationary situations associated with the robust economic growth in the country.

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Union leaders oppose banks merger

Trade union leaders have opposed the government's move to merge public sector banks and demanded social security for contract laborers and stronger measures for curbing price rise at a pre-budget meeting with Finance Minister P Chidambaram in New Delhi. The union leaders, who gave their Budget wish-list to the Finance Minister, wanted an end to outsourcing public sector jobs, restoration of public distribution system and a policy for land reforms.

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Trade unions getting ready for long struggle

Central trade unions, including the All-India Trade Union Congress (AITUC), are getting ready for a prolonged struggle against “anti-labor and pro-management policies” of the Centre. The unions will meet in New Delhi on January 23 to chalk out their course of action. Bank employees affiliated to the AIBEA have called for a token strike on January 25 and February 25 and 26, demanding second-option pension and protesting against the merger of banks, especially the State Bank of India, with its subsidiaries. They are also planning to go on an indefinite strike after March, if their demands are not met.

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Companies lend helping hand to staff looking for stock pickings

Large and rapid returns from initial public offerings (IPOs) have encouraged some companies to offer interest-free (or low-interest) loans to their employees to invest in stocks as part of a larger human resource strategy of keeping attrition low and motivation levels high. Recently, Keynote Capitals Ltd, Concept Public Relations India Pvt. Ltd and a few other firms extended interest-free loans to employees to subscribe to the IPO of Reliance Power Ltd.

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Manufacturing to match IT pay hikes in 2008

The manufacturing industry, which has traditionally been conservative about offering hefty salary hikes and has lost out to IT and business process outsourcing in the bargain, is returning with a vengeance, according to the latest survey by Watson Wyatt, a leading human resources consultancy. This year, the manufacturing and engineering industry is expected to offer salary increases of 16 per cent, a percentage point more than the 15 per cent increase expected from IT, ITeS and BPO.

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Demand for language skills grows in BPO space

Riding on the growing desi market, BPOs like HTMT, Firstsource and Infovision are aggressively recruiting people with regional language skills. According to Firstsource domestic business-head Sanjeev Sinha: “With large companies catering to domestic market, aggressively moving into smaller towns and rural areas, there is a robust demand for regional language skills and English from BPO firms.” Apart from Hindi and English, the top languages are Telugu, Kannada, Malayalam, Tamil, Marathi, Bengali and Punjabi.

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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.