Job Market Monitor
India
India | National Rural Employment Guarantee Act is a drain critics say
Standing on a patch of arid, degraded land, 100 kilometers from southern Bangalore city, Ramapal, a member of the gram panchayat (local village administration), points to a roughly-dug canal feeding a narrow belt of green cultivation. “We cannot do without the government’s cash-for-work program,” he told Inter Press Service. “We are happy with the National … Continue reading
Sri Lanka | Providing vocational and technical training for 35 percent of youths by 2016
The government is planning to provide vocational and technical training for 35 percent of youths by 2016 under the Mahinda Chinthanaya. Plans are also underway to increase state university intake up to 10 percent. The government also provided vocational and technical training to over 100,000 youths in state institutions in 2011, Sri Lanka Freedom Party … Continue reading
India | Brings visa fee hike to WTO
India is challenging the United States at the World Trade Organisation over increased visa fees for skilled workers that have hit the country’s flagship outsourcing firms, an official said Tuesday. “We are pursuing this at the consultation level. It is our hope we reach an amicable conclusion,” a senior commerce department official in New Delhi … Continue reading
Finland | Tieto | After 1300 job cuts
Despite 1300 job cuts globally, Finland’s IT major Tieto Corporation is planning to restructure the business and may exit some unprofitable markets. Tieto will downsize 1,300 jobs including about 500 in Finland and 300 in Sweden. The company is planning to save over 50 million euros in annual costs by cutting these jobs. Speaking to … Continue reading
India | Privacy invasion in job interviews
You may be very secretive otherwise, and not want to share your passwords for your email or social networking accounts, and rightly so. But what if it is your employer who is asking you for it? In what is branded as an unethical and a rather provocative measure, candidates looking for a job have been … Continue reading
India | Telecom | Enormous Potential Job Losses
The potential job losses in the Indian telecom industry are “enormous” in the wake of 2G licence cancellations and many of the affected entities have started trimming their workforce, according to HR experts. “Most of the companies whose 2G licences were cancelled are reducing their workforce. This is happening at all levels Only people at … Continue reading
India | Infosys creates 10,000 jobs in Kerala
Infosys Limited, India’s second largest IT company, Wednesday signed an agreement with Technopark for 50 acres of land for setting up a second campus in Technocity near here. The agreement was signed by Infosys Senior Vice President H R Binod and Technopark CEO KG Girish Babu in the presence of Chief Minister Oommen Chandy. Infosys … Continue reading
India | Robust hiring activities and 12% pay hike
Indicating a robust uptrend in the job market, a survey today said that 84 per cent of companies in India will ramp up their hiring activities this year and employees can look forward to an average pay hike of more than 12 per cent across most of the sectors. According to the survey conducted by … Continue reading
Migration: less New York more New Delhi
Everyone is moving to the city – and, especially, emerging market cities. According to a report by Credit Suisse this week, by 2037 half of the world’s population will live in one emerging market city or another. So where should investors look to first if they want to capitalize on this trend? Apparently the smart … Continue reading
Low Wages and Labor Shortages
Economy Watch – Lots of restaurant jobs; not lots of pay For all you foodies hoping to land a gig in the glamorous restaurant industry in the months and years ahead, there will be plenty of jobs to be had. The problem is, many of the jobs don’t come with a glamorous paycheck. Spring and summer hiring … Continue reading
India and UK will work towards broad based trade and investment agreement
India and UK on Monday agreed to remain fully committed to resolving the remaining issues and work towards concluding a mutually beneficial India-EU Broad based trade and investment agreement at the earliest. A joint press statement by the Chancellor of the Exchequer of UK, George Osborne, and Finance Minister Pranab Mukherjee after the fifth round … Continue reading
India | Higher Education : In need of a sustainable policy
“India does not have a credible and sustainable public policy on higher education (HE) even after 64 years of independence,” said Prof M Anandakrishnan, chairman, IIT Kanpur. He was delivering the keynote address at a symposium on ‘Public Policy and Governance’ organized by the School of International Relations and Politics (SIRP), MG University on Thursday. … Continue reading
Australia | More Westpac jobs go offshore
The Australian – WESTPAC is ramping up its outsourcing strategy by sending a further 126 positions offshore, adding to the growing number of job losses across the finance sector and sparking calls the banks are in a “race to the bottom” to rein in costs to protect profits. After cutting at least 748 jobs across … Continue reading
UK | Firms asked to stop hiring foreign workers by minister Damian Green
NDTV – Amid increasing curbs on Indian and other non-EU professionals, UK authorities on Tuesday asked companies in the country to stop their “addiction” to recruiting foreign workers and hire local workers instead. Thousands of Indian professionals migrate to the UK under the ‘intra-company transfer’ and other routes, but recent and proposed changes have been strongly … Continue reading
India | Productivity | ‘Paraskilling’ creates new jobs by slicing old ones to bits
CSMonitor – How can you reduce surgery costs while boosting local employment? Paraskilling, that’s how. The paraskilling framework is as old as the assembly line, but it’s got a new modus operandi. By re-engineering complex systems into simplified tasks that can be performed by a larger, lower-skilled workforce, an organization is able to cut its … Continue reading
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