Attrition rate may go up 25% in 2011 with hefty hikes

Human Resource managers are devising ways to retain talent next year that will see companies paying annual increments up to 30%. The average attrition in 2010 was 10% across Indian companies, a rate that may rise to 25% in 2011-12 with improved salaries. Employees treat a 10% pay rise as satisfactory and call it a boom year when salaries jump by 30%. Indian companies are forecast to grow 9% and salaried class expects higher increments during 2011-12. Employers went for downsizing and pay c...
Submitted by Presley | Rated 0

Google to hire more than 6,200 workers this year

Google Inc plans to hire more than 6,200 workers this year in the biggest expansion yet by the Internet`s most profitable company. The hiring spree will likely be welcomed by President Barack Obama, who is expected to emphasize the need for more jobs during his State of the Union address Tuesday night. Google CEO Eric Schmidt was among a group of business leaders who met with Obama last month to discuss ways to bolster the listless economy. But Google`s push to further expand a work force ...
Submitted by Presley | Rated +1

Hire Management and Engineering Graduates

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Submitted by Istadeva | Rated 0

Companies to face difficulties in retaining and hiring

Mumbai: The companies which took harsh measures such as layoffs and pay cuts during the economic slowdown should be prepared to face major difficulties in hiring and retaining staff as growth gets back on track, reports The Economic Times. Employee churn has picked up in the past three months in several businesses and Human Resource (HR) experts said how companies treated staff during the tough times would be a key determinant of attrition levels and the base of employer employee relationshi...
Submitted by Badri | Rated 0

Xerox acquires ACS, expands BPO credentials

On 28th September 2009, Xerox announced that it is to acquire Affiliated Computer Services (ACS), a business process outsourcing (BPO) company, in an agreed $6.4 billion cash and share offer. Before the ink was even dry on the announcement from HP that it had extended its alliance with Canon in a bid boost its managed print services (MPS) credentials, with HP Enterprise Services (previously EDS) as prime route to market, Xerox has announced its acquisition of leading BPO outsourcer, Affiliate...
Submitted by Badri | Rated 0

HCL to hire 2000 software engineers

New Delhi: Software exporter HCL Technologies has planned to hire 2,000 software engineers in the next 3-4 months to serve the new client base and existing operations across world-wide, according to a top executive of the company. HCL has added a couple of new clients in the past few months which has led to an increase in demand for workfoce, reports The Economic Times. The firm bagged two IT outsourcing services contracts worth $110 million from Texas-based energy companies, Energy Future Holdi...
Published about 29-09-2009 | Rated 0

RT Outsourcing Growth Plans Get Rs 650mn Boost

RT Outsourcing Services, a SMP (Sonoma Management Partners) portfolio company, announced that it has raised Rs.650 million from US-based global venture capital company New Enterprise Associates for its future growth. Industry consolidation and greater emphasis on outsourcing has seen RT Outsourcing win more business from new and existing customers, the company said. With the investment coming in, RT now plans to aggressively expand its presence in the automation business, high-end networki...
Submitted by Badri | Rated 0

HCL founder Shiv Nadar, biz person of the year

Bangalore: Founder of HCL and Chairman of HCL Technologies, Shiv Nadar, has bagged the U.K. Trade and Investment Business Person of the year award for unique contribution to bilateral trade. After taking this award, Nadar said, "U.K. holds a special place for us at HCL. Our work there has grown not just in volume but in the value we are able to deliver to our partners in the U.K; and from the U.K. to the rest of the world." Nadar was presented the award in acknowledgement of the company`s ...
Published about 20-09-2009 | Rated 0

Booming trend in organization for bright start in recruitment

booming trend in the organisation reveals that Indian organizasions have come out of sluggish market trend and can expect ocean of change in recruitment process as well...
Submitted by Badri | Rated 0

No variable pay for TCS trainees for first six months

India’s top software exporter Tata Consultancy Services (TCS) has said that fresh recruits will not be eligible for variable pay during the first six months when they are on training.The decision will take effect from this quarter when about 1,500 freshers are scheduled to join the company. “The compensation re-structuring is primarily from a productivity point of view — we want them (freshers) to understand variable component is really a ‘variable’ and will depend on how well they ...
Published about 15-09-2009 | Rated 0