Air India operator, The National Aviation Company of India (Nacil), has decided to defer the payment of June salary to its 31,000 employees by 15 days due to severe liquidity crunch, reports Economic Times.

It is learnt that that NACIL had submitted a proposal to the ministry recently asking for a bailout package of Rs 14,000 crore and top officials were asked to meet the civil aviation ministry before the budget to work out the final package the government will be sanctioning for Nacil.

Suzlon Energy has decided to sack around 160 people or more than half of its total workforce at its plant in Pipestone, Minnesota, USA, reports Economic Times.

Company spokesperson said there has been a slowdown and there’s not enough work to keep all people busy. He also said the people will leave the company between June and August.

Indian wind turbine maker is having workforce of around 300 people at its US plant.

A study by UNCTAD showed that around 1.3 million people may loose job in the export units in the current financial year, reports Economic Times. The main reason is the recession in the developed countries.

However, the net job loss in the export sector is estimated to be 7.48 lakh since some sectors like plantation may witness a positive growth. The study said, during 2009-10, India’s total exports are likely to dip by 2.2 per cent.

The study said, the worst hit export sector will be Petroleum products, growth followed by gems and jewellery, ores and minerals and textiles and its products.

UNCTAD study also said in 2010-11, about 5.22 million jobs could be created.

TCS has increased the total pay packages of its top management personnel and board members by over Rs 10 million during 2008-09, reports ET.

The country`s top IT firm and a part of Tata group paid a total remuneration of Rs 128 million to its key management personnel in 2008-09 up from Rs 110.8 million in the previous fiscal.

CEO S Ramadorai was the highest paid executive with a total remuneration of Rs 41 million in 2008-09, as compared to Rs 33.7 million in 2007-08.

On the other hand Executive director Phiroz Vandrevala got the highest pay hike of 41% among the company`s board members as his remuneration rose from Rs 10 million crore to Rs 14.1 million.

Canada saw 42,000 job lose in May 2009, mainly in manufacturing sector, reports Economic Times. With such job lose. The unemployment rate of Canada touched its highest rate in 11 years at 8.4 percent.

In May 2009, there were 778,000 factory workers in Ontario, the lowest level since comparable data became available in 1976, and down from a peak in November 2002 of 1,115,000 workers.

Aegis announced to increase its global workforce by 12,000 by the end of this fiscal, reports Economic Times. The addition will take the total workforce to 43,000.

The company plans to hire 1,000 people every month in India and across United States, Philippines, Costa Rica and Africa where it has operations. The company has already hired around 3000 people since the beginning of this fiscal.

Aegis has planned a capital expenditure of USD 30-35 million this year and aiming for a turnover of USD 550 million and to grow by over 50% 2009-10.

ING Groep NV, the biggest Dutch financial-services company, plans to cut about 300 jobs at its Japan life insurance unit, reports Bloomberg.com. The exact number of reductions and the size of redundancy payouts will be determined by about June 15.

As of March 31, ING Life had 1,046 employees in Japan. The company has reported a pretax loss of USD 270 million on its variable annuities business in Japan for the quarter ended March 31. 

According to calculations by Bloomberg News based on company filings, Japan’s nine largest life insurers posted a combined 79 percent decline in profit last fiscal year through March. For the period there combined loss on securities holdings stood at USD 18 billion which is nine times more than a year ago.

General Motors, which filed for bankruptcy early this week, will remove around 5,100 salaried employees this year. This is in addition to 23,000 job cuts by 2011 announced earlier.

General Motors has said that the 5,100 job cuts would be happening in North America this year.

The revamping initiatives would affect 4,000 or 15 per cent of the 27,400 salaried employees in the US.

In 2008, the company’s hourly workforce strength stood at 61,000 and the figure is expected to come down to 40,000 in 2010.

As soon as stepping into the new shoe, Textiles Minister Dayanidhi Maran said the UPA Government will work on creating 10 million or 1 crore new jobs in the textiles sector, reports Economic Times. The industry will also attract an investment of Rs 1.55 lakh crore in the  next five years

Further he added, the target would be to achieve an annual growth of 8 to 10 per cent in the Textile industry.

India’s textiles industry, which employs largest number of people after agriculture, is going through a tough time with sharp fall in exports.

SAIL, Steel Authority of India Limited plans to hire about 60people this year, reports Economic Times. The company will be recruiting around 500-600 IIMs and IITs.

At present the company is having a workforce of about 1,21,000 people. The fresh graduate will be adopted as management trainees (technical and administrative) and would handle the extended operations of the company in near future.

Though the company is recruiting freshers from premier institutes like IITs and IIMs, it also anticipates its workforce to shrink by about 6,000-7,000 in 2009-2010 on account of “natural separation.” The reduction in number of employees will help SAIL in saving around Rs 350 crore per year.

CPA Global, a US based Legal process outsourcing (LPO) firm, plans to hire 1,450 people in the coming two years and it plans to set up its third centre in India, reports Economic Times. At present the company is having 550 peoples at its Noida and Gurgaon centers and with new hiring plan, the total workforce of company in India will touch 2000 mark.

CPA Global plans to setup the third centre in the next three quarters and the probable locations are Pune, Bangalore and Hyderabad, he added. The company is already having 17 centers globally across the UK, the US, China, Germany, Hong Kong and France.

According to ValueNotes, the Indian LPO industry has grown from USD 146 million in 2006 to USD 225 million in 2007-08, and is expected to be worth USD 640 million by end 2010. 

Punjab National Bank, the country’s second-largest public sector lender, to recruit around 1,000 people in the current fiscal, reports Economic Times. However all the jobs will would not be at entry level.

The bank is in the expansion phase and plans to increase its branch network by 10 per cent in 2009-10. At present PNB are having 4,600 branches across the country with a total workforce of 58,000 people.
 
The bank has already initiated the process to recruit 738 employees, include management trainee, clerks, and security officers and specialized professionals with law, finance and economics background.

A study by Engineering Export Promotion Council (EEPC) said around 15 lakh people in the engineering exports sector may have lost jobs during the 10-month period ending June this year due to the decline in export orders from the overseas markets, reports Economic Times.

About 37 per cent workers in the engineering exports sector, which employs about 40 lakh people, could lose jobs due to demand recession in the US and the European Union.

The sector, accounting for about 23 per cent of India’s export kitty and nearly eight per cent of the total employment, has been facing rough weather since the second-half of 2008-09 with exports slowing by a huge 34.2 per cent in March 2009.

The UN labor agency said, the number of unemployed people could increase by 50.4 million worldwide this year because of the global downturn, reports Economic Times.

Earlier in January this year, International Labor Organisation predicted increase in unemployment by 40 million.

The worldwide number of unemployed by the end of the year will range between 209.6 million and 239 million, the agency said in an update to its annual Global Employment Trends report.

This compares with 180.2 million at the end of 2007 and some 188.6 million at the end of 2008, ILO said.

Georg Fischer, the Swiss car parts supplier and engineering group announced to cut its workforce by 16 percent as company forecast steep decline in revenues in 2009.

The company employs more than 14,000 staff globally and it would cut 2,300 jobs by 2010. 

Georg Fischer said sales fell by 38 percent to USD 42.4 million in the first three months of 2009.

The company says it aimed to cut costs by 350 mn Swiss francs and that it would bear a 100 million franc one-off charge in 2009 due to its restructuring plans.

Bank of Montreal reported its biggest profit decline in seven years and cut around 1100 jobs following the profit decline, reports Bloomberg. The bank became the first Canadian bank to report second-quarter results.

Net income for the quarter ended April 30 fell 44 percent to USD 316 million.
Canadian banks will probably report their sixth straight quarter of declining profits on rising loan losses amid a recession.

Europe’s biggest oil company Royal Dutch Shell Plc announced to consolidate its three units into two, reports Bloomberg.

The company said from July 1, the exploration and production, gas and power, and oil sands units will be merged along geographical lines and this to impact around 22,000 working there.

Following the same re structuring, two year ago in 2007 BP merged its gas and power unit with its main exploration and refining units. The company is expects job cuts of more than 5,000 by the middle of this year.

Deccan 360, air cargo venture promoted by Captain Gopinath announced to hire around 5,000 people in the next 3-4 years, reports Economic Times. The brand will operate under the company, Deccan Cargo and Express Logistics Pvt Ltd.

Deccan 360 started cargo services to Hong Kong from Delhi on Wednesday

In the first phase, the company plans to appoint 100 franchisees in next three months and each franchisee will hire 10 people.

The new boss, Tech Mahindra  may remove around 8,000 people working its newly acquired company, Satyam Computer, reports Economic Times.

Tech Mahindra to take the control of company from June 1 and may remove around 8,000 people who are working in marketing, HR and administration domain.
 
The surplus staff at Satyam is about 10,000-12,000. Further, its is also expected that Tech Mahindra   may adopt “virtual pool” sacking method. In “virtual pool” sacking method company would ask some of the staff to take 75 per cent of its salary and take one-year off and look for a job elsewhere. However the guarantee that they will recalled is less.

LG Electronics India has increased its revenue and recruitment targets for 2009, aiming a revenue growth of 20-25% in 2009 against the original target of 15%, reports Economic Times. The company also plans to increase its headcount by 3500 jobs this year as compared to its earlier estimate of 2,200 jobs.

In April and May 2009, the company saw a near 50% sales growth. LG Electronics India director (HR  management support) YV Verma said for the period July to December the company is expecting around 35% increase in revenue to Rs 75 billion.

The Indian IT giant, Infosys plans to increase its workforce by 1,000 people in the US in the next 12 to 18 months, reports Economic Times.

Infosys Chief Executive Kris Gopalakrishnan, said that the company plans to add more than 100 new employees as part of a big US expansion.

The company is having, around 14000 headcount in US. The total global headcount of the company is 104,000 employees.

Aegon Religare Life Insurance announced to recruit around 3,500 financial advisors in Gujarat in the next four months, reports Economic Times. Of the total planned hiring, Religare will hire 600 advisors at the Ahmedabad branch alone.

In Gujarat, at present the company is having around 200 advisors in Ahmedabad, Vadodara, Rajkot and Surat. At national level the company has recruited 5,000 financial advisors in the last nine months.

Aegon Religare has set a target of achieving Rs.1 crore in premium income a month from the Ahmedabad branch alone by the first quarter of 2010-11.

Japan’s economy has declined at a record 15.2 percent annual pace during January-March 2009, report Bloomberg. The fall is due to the decline in exports and consumers and businesses expenditure.

Further for the first time since 1955, Gross domestic product of the world’s second largest economy, Japan declined 3.5 percent in the year ended March 31.

During January-March 2009 exports declined 26 percent, forcing companies from Toyota Motor Corp. to Hitachi Ltd. to cut production, jobs and wages.

Indian labour ministry report said that the Employment in certain Indian manufacturing and service sectors has increased by 0.6 per cent during January-March 2009, reports Economic Times.

During January-March 2009 employment in gems and jewellery sector rose 3.08 percent, followed by 0.96 percent in textile, 0.82 percent in IT/BPO, 0.28 percent in handloom/powerloom and 0.10 percent in automobile sector.

However there was a decline in the employment in the sectors like leather (2.76 percent), metals (0.56 percent) and transport (0.36 percent) during the period.

Nokia Oyj, the world’s number one cell phone maker announced to cut around 490 jobs in coming days as part of its global cost cutting programme, reports Economic Times.

Of the total 490 jobs, the company would cut 170 jobs in logistics, production management and production support and would offer a voluntary resignation package for up to 320 employees working at its Salo plant in Finland.

Including the job cuts announced on Tuesday, Nokia has slashed some 4,000 jobs across the organisation this year.

If you have not heard about or don’t know much about late Dhirubhai Ambani, first read here and than read the article.

Dhirubhai Ambani, a real life example of how dreams can be turned into reality, how impossible can be made possible and how the whole world become yours and giving dreams to millions of people to achieve what other think is IMPOSSIBLE.

Everyone want to have a company like Reliance, a name like Dhirubhai Ambani a life like Ambani, but than why most of us not able to achieve that dream, why we remain who we are and not become Dhirubhai.  I have seen many people, many startups, founder, co-founders who say they want to become like Ambani…but their actions are totally reverse.

In my quest to find out why everyone can’t become Dhirubhai Ambani, I have found some important things or traits that is missing in one’s life and which is preventing to unleash one’s power to become Dhirubhai.

a) Dreams
Most people afraid of dreams, they don’t believe on their dreams and lastly they just don’t want to see a dream. Dhirubhai always said “Only when you dream it you can do it”.  I have seen people who are afraid of seeing dreams. I believe and say that ones dream should be so wild, so crazy that everyone should say that “YOU ARE THE WORLDS DUMBEST GUY THEY HAVE EVER SEEN”. Having a dream, a dream which may or may not related to your present condition is the first and foremost requirement and a step to become Dhirubhai Ambani.

b) Hard work
When you are thirsty there can’t be any substitute to water, like wise when you want to achieve the status like Dhirubhai, there can not be any substitute for HARDWORK. Many people just dream, yes they only dream. I want to own car, I want a bungalow etc…but they afraid of HARDWORK. A small villager, who uses to earn salary of Rs 300 per month, became the world’s most powerful business man earning more than Rs 3 Lakh crores, all because of the power of Hard work. In his initial days, Dhirubhai use to sell cloths on bicycle, door to door in hot summer days.

We all should not be afraid of putting effort to achieve our dream. The excuse of not doing a work is the biggest reason that why one can’t become Dhirubhai Ambani.

c) Assumption
Majority of entrepreneurs give up even before doing anything, just because of one reason and that is ASSUMPTION. Assuming something even before actually taking the first step, makes a person not to take that first step.

Dhirubhai started the business when already Tata, Birla etc were present in the market, if he would have assumed that “He WILL BE KILLED IN THIS BUSINESS WORLD IF HE START HIS BUSINESS, as ALREADY SUCH BIG BUSINESS HOUSE ARE PRESENT THE MARKET” and would have decided not to start business, than today I may not be writing about Dhirubhai and you may not be dreaming of becoming Dhirubhai.

Many entrepreneur, assume so much that they never do anything. The simple formula is…just go and do it, that’s all. Assumption is another form of analysis. And one of my professor in college always use to say “Analysis is Paralysis”

d) Passion
Just dreaming, hard work, being optimistic etc…are of no use if you don’t have one element and that is called “PASSION”. Many just start business for the name sake and than as they lack passion, they never able to survive and take their business to the next level. In other words, passion means “doing things what you love to do and to achieve that you never afraid of taking any step, putting n number of work hour, working without feeling tired”. Lack of passion is one of the important factor that why everyone can’t become Dhirubhai Ambani?

These are the four most important factors which I think, if it lacks in you, me….we can not become Dhirubhai Ambani.

Just a small exercise for you , visit any petrol pump near to your house and see the person who fill oil in your vehicle and see and think, one day Dhirubhai also use to do the same thing….if a small petrol pump worker can create a huge empire “Reliance” than why not “I”.

By Neeraj Tiwari
Founder, Jobkeeda.com / Bhiring.com

www.linkedin.com/in/neerajt

The largest U.S. credit-card company by purchases, American Express to slash 6 percent of its workforce as defaults for credit card payment is rising, reports Bloomberg.

The company will cut around 4,000 job positions so as to save cost and additional reductions will be made in marketing and travel costs and consulting services.

The company is hoping to save about USD 2 billion this year with this job cut and other measures. Earlier in October last year the company announced 7,000 job cuts.

The craze of joining civil services and armed forces is once again rising among the youths of India.

In a report Assocham said in the last two to three years, the number of students opting for civil services and armed forces through UPSC selection process has increased, reports Economic Times.

With today’s time, stability and security in the jobs of civil services and armed forces are the major reasons that more youngsters are preferring to join this profession now.

Nike announced to cut about 1,750 jobs worldwide, representing 5 per cent of its total global work force, reports Economic Times.  Of the total announced, about 500 of the jobs lost will be at Nike’s world headquarters in Oregon.

Nike Inc demand has declined for its products as the global economic meltdown hurt consumer spending.

As per a survey on gender inclusivity conducted by HR consulting firm Mercer and IT association Nasscom said the number of women working in the IT-BPO sector grew 60% in the last two years to 6.7 lakh in 2008, reports Economic Times.

The survey covered more than 45 leading technology companies in the country.
The survey said that India has the largest number of working women in any single country in the world. Out of the 400 million worforce in India, around 30-35 % are female, and only one-fifth of these women work in the urban areas.

ArcelorMittal to layoff around 1,000 employees, due to the ongoing economic turmoil, at its Indiana Harbour facility, reports Economic Times. However the company said the layoff is expected to be temporary and the workers may be brought back to work as soon as market conditions improve.

The market has affected the output of the company as; it has cut its global output by 50 per cent. Further the steel major, reported USD 1.1-billion loss for the first quarter ended March 2009.

Microsoft, following its earlier announcement of 5,000 jobs cut worldwide due to slowing down economy, may cut around 55 jobs at its Indian operation or 1% of its total workforce in the Indian market.
These job cuts are part of their global cuts which are aimed to cut costs.  Microsoft India said that the job cut is to control cost and maintain stability.

A study done by Accenture, said that the risk taking ability of managers in India has declined due to the global melt down, reports Economic Times. The global economic slowdown had a major impact on the Indian managers

As per the study, around 6% of the middle level managers in India are highly dissatisfied with their job, and about 18% are actively looking out for new one. On the other hand around 63% of middle level managers said the unstable economic conditions are preventing them from looking out for new jobs actively.

Further Accenture disclosed, on a global basis, 4% managers are highly dissatisfied with there jobs especially the manager from the countries like UK, US, France and Germany.

Barclays Plc plans to cut around 700 jobs this year at its U.K. information technology operations, reports Bloomberg.com.

Britain’s third-largest bank, Barclays which has computer-services sites in London, Radbroke, Cheshire, and Poole, Dorset, will eliminate the jobs to increase efficiency.

The job losses come after the bank announced more than 4,000 reductions in retail, commercial banking, investment banking and fund management in January to control costs during the recession.

Asia’s biggest carrier by sales, Japan Airlines Corp, plans to cut about 1,200 jobs this fiscal year, reports Bloomberg. The move is to reduce costs of the company, after the biggest drop in international passengers in five years.

The airline plans to save 50 billion yen or USD 512 million costs this fiscal year. It plans to save this by reducing landing fees, reduced salaries and restructured operations.

Last fiscal year, the carrier had the biggest drop in overseas passengers since 2003 as the global recession reduced demand for air travel.

For the year ended, March 31 2009, the company posted a net loss of 63 billion yen as compared to the forecasted 34 billion yen loss.

Job openings in the U.S.A in March 2009 touched record low, reports Bloomberg.

The Labor Department said the job openings, or the number of jobs available as a percent of total employment, declined to 2 percent from 2.2 percent in February. This is the lowest in last 8 years.

In last month, April 2009, US employers cut 539,000 workers from payrolls and the jobless rate jumped to a 25-year-high of 8.9 percent.

Capgemini has sacked around 100 employees from its Chennai centre, reports Economic Times. Most of these 100 employees are from middle management positions. Early there was a report stating that Capgemini removed 600 employees in Hyderabad and Pune.

The Consulting and outsourcing firm is having around 20,000 people working in India.

The major reason of this layoff is the economic condition, slowdown in the projects and clients. Capgemini group posted consolidated revenues of Euro 2,205 million, up 0.9 % compared with the year-ago period.

A survey by PHDCCI said, around third of India companies may cut its workforce by up to 20 per cent if the present economic condition continues during the year, reports Economic Times.

The survey added, around 30% of the total Indian companies are planning to cut jobs by up to 20 per cent and around 10 percent of the employers may cut more than 20% job.

The survey is based on response of 200 companies.

The survey, however, said that about 60 per cent of the corporate surveyed are not considering major job cut.

Maruti Suzuki India to increase headcount in its R&D division to 1,000 by the end of March 2010, reports Economic Times.

As the company plans to make parent Suzuki Motor Corp`s aim of making the Indian subsidiary global hub for small car development.

At present the company is having a R&D strength of 720 people it will be increased to 1,000 by March, 2010.

Around 10,000 people may lose their job, as the still major, Corus, Tata Steel’s European arm is considering to shut down one of its plant in England, reports Economic Times. The step came as majority of steel buyers of the company terminated a contract to buy the unit’s 80% produce for 10 years.

Further a senior official of Corus said with this closer, many direct and indirect job will also be affected.

I just got this email from one of my freind and thought to share with you..

Once PVNR (PV Narasimha Rao), L.K.Advani and Laloo Prasad Yadav were  travelling in an autorickshaw. They met with an accident and all three of them died.

Yama Raj was waiting for this moment at the doorstep of death.

He asks PVNR and Advani to go to HEAVEN.

But, for Laloo, Yama had already decided that he should be sent to HELL.

Laloo is not at all happy with this decision.  He asks Yama as to why this discrimination is being made. All the three of  them had served the public. Similarly, all took bribes, all misused public  positions, etc.

Then why the differential treatment?

Laloo felt that there should be a formal test or an objective evaluation before  a decision is made; and should not be just based on opinion or pre-conceived  notions.

Yama agrees to this and asks all the three of them to appear for an English  test.

PVNR is asked to spell ” INDIA ” and he does it correctly.  Advani is asked to spell ” ENGLAND ” and he too passes. It is Laloo’s turn and he is asked to spell ” CZECHOSLOVAKIA “.

Laloo protests that he doesn’t know English.

He says this is not fair and that he was given a tough question and thus forced to fail with false intent.

Yama then agrees to conduct a written test in Hindi (to give another chance  assuming that Laloo should at least feel that Hindi would provide an equal  platform for all three).

PVNR is asked to write “KUTTA BOLA BHOW BHOW”. He writes it easily and  passes.  Advani is asked to write “BILLY BOLI MYAUN MYAUN”. He too passes.  Laloo is asked to write “BANDAR BOLA GURRRRRR……”
Tough one. He fails again.

Laloo is extremely unhappy.

Having been a student of history (which the other two weren’t),he now  requested for all the 3 to be subjected to a test in history

Yama says OK but this would be the last chance and that he would not take  any more tests.

PVNR is asked: “When did India get Independence?” He replied “1947″ and  passed.  Advani is asked “How many people died during the independence struggle?”.  He gets nervous. Yama asked him to choose from 3 options: 100,000 or 200,000  or 300,000.  Advani catches it and says 200,000 and passes.

It’s Laloo’s turn now.
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Yama asks him to give the Name and Address of each of the 200,000 who died  in the struggle.

Laloo accepts defeat and agrees to go to HELL.

Moral of the story: IF YOUR MANAGEMENT HAS DECIDED TO SCREW YOU, THERE IS NO ESCAPE….. …

By Neeraj Tiwari

Angel Broking plans Rs 300 million expansions, s as to open new branches and to hire 1,200 people in 2009-10, reports Economic Times.

The broking house is planning to open around 50 new branches in different states of India and for meeting this expansion plan it needs around 1200 people.

With the above planned addition, the total headcount of Angel Broking will be more than 6,000 employees across the country.

Vedanta Resources announced to cut 1,300 jobs at its site in Zambia so as to cut operational costs as commodity prices are declining, reports Economic Times. With this cut, the total job cut by the company will touch 2000 mark.

The company feels the proposed job cuts would help it further overcome the “negative aspect” of the high production costs in its operations in the African country.

The metal and mining major has already cut its production cost at KCM by about 50% to 1.4 dollar per pound by undertaking cost reduction programme, which included the closure of the smelter and cutting jobs.

Its midnight now and after a long working day, lots of call and tons of email…I am now excited to attend Startup Saturday tommorow, a networking event for new startups, entrepreneurs, those who have that business keeda in them.

This will be my third Startup Saturday and every time…I see new faces, mixed with the old one, new energy and every time when I come back from the event….I come back with lots of things with me which helps in my business, increasing my network.

But, sometime when I talk to people and in event also I can see many people standing alone and not talking to anyone, living in their own world. So what are the most important thing a person should do when he attend a networking event.

This is something which even I learnt after making mistakes in my initial events. I really messed up everything in my first networking event…but now after attending many networking events…I feel confident…but still feel…I should do something more, something to make the best use of the event.

1) Know about the event and who is attending it.
Many time people just attend the event, for the sake of attending it and they don’t prepare themselves for this event. Whenever you go for an event, any networking event, or a meet…the first thing is you should know about it, the details, what the event is all about, and the agenda. Find who all are attending it and make the list of person with whom you should connect in the event.

Its also allows you to prepare for the event agenda and you can speak on that topic in the event, giving you an edge over other

2) Practice introduction and prepare an elevator speech about you, your business.

In networking events, no one, really no one is interested in spending his whole time in event with a single person and they don’t have time to hear your history. So prepare a good speech, an introduction about yourself, your work, your business.

Many people don’t able to give a proper introduction about their business, about themselves. Remember….there are 100s of people in the networking event and your intro about yourself, your business should be so apt that no one should forget about you even post event and speak about you to others.

3) No one is going to come and talk to you…except if you are Bill Gates, or Mukesh Ambani.

I have seen many people…they afraid of talking to others, approaching them and say Hi. This is the biggest mistake that anyone can do in a networking event “Not Talking”.

See everyone in that event is there to increase contacts, increase network. So no one is going to say no to you…when you approach them.

Just go and talk to the person you want to talk. Ask about him, speak about your business. The key is “You should take the first move and don’t wait for someone to come and talk to you”.

4) Just don’t talk about yourself.

Networking event is like a fair where you are selling yourself, your business to other and marketing about your product, business. And you know the most important rule of marketing “Listen and don’t talk too much”.

When you approach someone in the meet, talk about him, ask about him….listen more and speak less at first shot.

You know people love talking about themselves. First let that person have trust on you. And then in the middle somewhere…just see where you can start talking about you. By the way, you don’t have to do this…the other person himself will ask about you, your business….because he trust you and love you…because you asked about him.

So, listen more and speak less in first shot.

5) Don’t forget to share contacts, business cards.

Many people they just go and talk to others, but don’t share cards or even ask for contact details. By the way, Are you Bill Gates or Ambani or Tata that anyone will remember you after a 2 minute talk?

Folks, in this fast moving life…no one can remember about you and you yourself don’t remember about others. So take some pain and ask about the contact numbers, share cards and let other person to carry something about you back home.

6) Don’t make the hobby of collecting cards…make friends, do follow up.

You go to the event, collect 100s of business cards, talk to many people…but what’s the use if you don’t follow them, if you don’t talk to them post event after someday…they will forget you. Go home, drop an email to persons you met in the meet. Tell more about your business in that emails and try to find some time to meet that person sometime after the event.

You can make good business contacts, good friends and make some money…if you do well in a networking event.
So, guys, see you soon sometime in some networking events.

By Neeraj Tiwari
The Match Maker of Recruitment
Jobkeeda.com & Bhiring.com

You know…we can never run out of water on this planet…but we will run out of drinking water and than we will run out of our life.  World is having 71% water and remaining as land…but what’s the use of those 71% water if we can’t drink it.

The same analogy applies to a person who is intelligent, knowledgeable, smart, handsome, good built, good communication…but what the F#$king use of this thing if he can’t use it, apply it.

Let me explain you this with a small two stories which will give you a better idea of what I am saying.

Story one: About my college life

“I was good in academics, in the first four semester of my graduation I scored first rank and than I stepped into the final year, fifth semester. In the same year a new student, called Sharukh Khan (name changed) joined the class, very bright, full of knowledge, got work experience also, 1000 times better than me or any one in class. He had every answer about any question. Teacher also liked him. My classmates warned me, dude….you got a competition and it looks that you cannot top this time in college.

It was really a shock for me and somewhere in my heart I was also started thinking…I may not compete this guy.

Than final exams of fifth semester came…everyone appeared, including me. But…what about Sharukh Khan? Actually he skipped 4 exams out of the total 6 exams.

Interesting n, a guy who scored more marks than any one in class…skipped the final exams.

Now here comes, the reason…What is the use of having water in Sea, if we can’t drink it”. Sharukh was very good in studies, having good knowledge of subject etc…but he had one of the biggest weaknesses and that is he gets nervous before exam and get so much tension that his mind stops working and he feel really depressed…this was the reason he skipped the exams.

Ohh…by the way I forget to tell one thing, that he was my senior and done the same thing in his class and was dropped out to our class. And than again he repeated the same thing in our class also and was dropped out again.

Learning: It doesn’t matter how good you are in studies, or your respective area…if you can’t apply or use that knowledge. If you can’t apply your knowledge, experience…dude, you better start drinking sea water.

Story Two: About my work life

You can see many examples of this saying, around yourself, you just have to move your head little bit…that’s all. Now, after passing my college, I joined an organization and was enjoying my work. One of my colleague, his name is Salman Khan (name changed) was the best one in the team, an extrovert, very strong command in the field.

But, again…it’s of no use if you have knowledge, experience….if you can’t apply it or don’t use it or afraid of using it (opps…why a person should be afraid of applying knowledge : D)

Whenever, the team gets new assignment, or work is allotted to him…he use to be the first person in the team saying…this can’t be done, that can’t be done. And also he was the one who use to avoid taking any responsibilities, trying to find out the loopholes of getting work done in easiest way.

This attitude and not using your true power…worked against him, as everyone in the team was started saying about him, complaining about him.

Learning: If you have talent, knowledge, experience…use it mate.

Final words:
There are many such people whom I have met or worked with. These are the person who claims that they have knowledge, experience in a particular field…but what’s the use of such knowledge if they don’t use it for meeting their objective, company’s objective.

If you don’t have a knowledge, its ok…if you have zeal to learn and implement, apply more than what you are having.

I have seen many people, saying….I can’t do this work because I don’t have knowledge about it…and I have seen people who say I can’t do this…though they have knowledge to work.

My answer to both of such unique personalities…you are like a sea, which stores gallons of water…but what’s the use if you, yourself can’t drink it.

You can’t reach top…if you have such attitude. A person with 1000 times less knowledge, experience than you can easily beat you in any game of life.

By Neeraj Tiwari

The author can be contact on support (@) jobkeeda.com

Royal Dutch Shell Plc may opt to cut more jobs in coming days, if the economic condition continues to deteriorate, reports Bloomberg.  The company has not disclosed any possible number of jobs which they may consider to cut due to the economic condition.

Europe’s largest oil company which posted a 62 percent drop in first-quarter earnings is looking to reduce costs after oil prices plunged more than USD 100 from record high.

Shell’s workforce declined to 102,000 last year from 119,000 in 2003.

The third-biggest U.S. chemical maker, DuPont Co, plans to cut additional 2,000 jobs  so as to reduce cost and maintain the profitability, reports Bloomberg. This additional planned job cut will bring the total workforce reductions to 7.5 percent. The company has already removed around 2,500 employees and 10,000 contractors from the last year.

The job cuts and shutting down of plan will save more than USD 70 million this year and USD 225 million annually by the end of 2010.

Last month the CEO of DuPont, Ellen Kullman said, the company plans to cut DuPont’s fixed costs by USD 1 billion.

Indian Space Research Organization, has received around 1 lakh 30 thousand job applications from youngsters for 300 openings in different categories at the space agency, reports Economic Times.

From total applicants, about 70,000 students qualified for the entrance examination which was held on April 26. About 46,000 actually took the test.

On average ISRO gets around 4,000 to 5,000 applications from centres like Mumbai, New Delhi and Chennai.

Ben Southall , a British charity fundraiser is selected for the Best Job In the World, reports Bloomber. Around 34,000 people applied for the job of caretaker of a tropical island on Australia’s Great Barrier Reef.

Ben Southall will get USD 110,000 as salary for the next six months to live on Hamilton Island in the northern state of Queensland. His job will include exploring white sand beaches, sailing, snorkeling and scuba diving and promoting the island to tourists in a weekly blog, or online diary.

Tourism Queensland said the competition had already generated more than USD 110 million in international publicity.

A report shows, the total job cuts announced by U.S. employers in April 2009 is 47% more than a year ago for the same period, reports Bloomberg. Government agencies and companies in the automotive industry made the maximum job cuts.

Layoffs rose to 132,590 in April 2009 as compared with 90,015 in April 2008. Government employers and auto companies announced the largest cutbacks, accounting for 39 percent of the layoffs.

A government report on May 8 may show payrolls fell by 610,000 in April.

Since December 2007, when first time recession knocked the doors of US economy, around 5.1 million people have lost the jobs in US. According to the Labor Department the number of people on unemployment rolls, stands at 6.27 million for the week ended April 18.

The statistics bureau of Australia said, in April 2009, the jobless rate fell in Australia  as the business house in the country hired around 27,300 people, reports Bloomberg.

The number of people employed climbed 27,300 from March and the jobless rate fell to 5.4 percent from 5.7 percent.

The number of full-time jobs rose 49,100 in April and part-time employment decreased 21,800.

In March 2009, Australia’s jobless rate increased by the most in the last 18 years to 5.7% from 5.2 percent. This is the highest since Australian economy was last in a recession in 1991.

The number of full-time jobs declined to 38,900 in March, taking the jobless rate to the highest since February 2004, on the other hand part-time employment increased 4,200.

Satyam Board Chairman Kiran Karnik said so far there have been no layoffs in the company, reports Economic Times. He added, the final decision of layoff is in the hands of new owners Tech  Mahindra.

Last month, Tech Mahindra acquired 51 per cent stake in the Satyam for Rs 29 billion.  After and even before the buyout, employees at Satyam are concerned about their job security.

The drama started after the founder B Ramalinga Raju in January admitted that he has played with books of the company for year. It was also found the actual employee strength of the company is less than what it was shown in books.

Adidas AGs announced that company’s first-quarter net income fell 97 percent to USD 6.7 million, reports The Oregonian.

Further Company’s CEO, Herbert Hainer said the company will cut more than 1,000 jobs and close regional offices so as to save USD 133.4 million.

The move will affect regional headquarters in Europe and Asia, but not the company’s North American headquarters in Portland.

Reebok, which Adidas purchased in 2006 for $3.67 billion, will keep its headquarters in Massachussetts.

US President Barack Obama’s announced a new tax proposals yesterday and if this proposal is accepted, than American firms could see a 50% rise in the cost of outsourcing business processes to India, reports Times of India.

Industry experts say this move may affect the growth of outsourcing industry in India.

Obama has proposed to tax expenditure by US companies on availing services from outside the country from 2011. The move has been proposed to discourage outsourcing and contain the flight of jobs to other countries.

Fiat SpA denied a report published on Frankfurter Allgemeine Zeitung alleging stating the Italian auto maker to close 10 plants throughout Europe and cut 18,000 jobs once it takes over German car maker Adam Opel AG and the European operations of General Motors Corp, reports The Wall Street Journal.

Frankfurter Allgemeine Zeitung said after a Fiat-Opel-GM Europe merger, the Italian car maker plans to close plants in Luton and Ellesmere Port, England, and in Antwerp, Belgium, as well as Pomigliano and Termini Imerese in southern Italy, according to the report. The website calims that it has seen an internal Fiat document titled “project football”.

Fiat and GM/Opel together have 108,000 employees in Europe.

Australia to announce the name of winner for Best job In the world. The winner of ‘best job in the world will be announced today at around 3pm AEST from the final 16 contestants from 15 countries, reports ABC News.

The winner will have six-month contract for managing, running, will live and work as a caretaker on Hamilton Island.

Tourism Queensland said the competition had already generated more than USD 110 million in international publicity.

After completing its first phase of layoff of planned 5,000 jobs, Microsoft announced to move ahead with the second round layoff, reports CNNmoney.com. The company has planned to cut around 5,000 jobs by mid 2010.

This is the first time in 34 year history of the Microsoft, that it has planned such large scale layoff.
In January, Microsoft announced its first large-scale layoffs, cutting 1,400 positions immediately out of a potential 5,000.

Microsoft plans to save around USD 1.5 billion in operating expenses and USD 700 million in capital expenditure with this job cut.

NASA to cut 900 jobs by September this year, as the space agency resumes plans to retire its space shuttle fleet next year, reports foxnews.com.

The space agency has started the elimination as it issue 160 layoff notices on last Friday. 

However, NASA said, the agency is not laying off a total of 900 employees, some include attrition as employees leave the workforce, while others include reassignment to other projects.

India’s only fully business class airline, Paramount Airways, has decided to recruit 80 foreign pilots in the next one year, as it is facing the shortage of skilled local pilots, reports Economic Times.

In addition to this, the airline will also hire 200 local pilots in the current year.

The new foreign pilots are likely to get packages of around Rs 3.5 lakh per month, including an accommodation allowance.

The company needs more pilot as it is adding 10 new aircraft to the existing fleet of six planes. It will increase the service from existing 1,800 flights to 2,500 flights per month by October this year.

By Neeraj Tiwari

All set…the final university exams of most of the degree courses are over and now the students, who were enjoying a tension free life, all masti majja till now…are ready to step in the corporate world, following a fixed schedule and putting half of their day time in completing the job responsibilities.

It’s a good feeling, when you take your first job, when you keep your first step in office, when for the first time you start working. (I know that feeling and still keep running in my mind).

But for many fresher…this good feeling turns into a nightmare. Its not because of the company or business they are working in…It’s because of their own decision…yes decision to do JUST JOB.

When I was in college, I planned what I have to do in my life and that is business. So all my actions, right from my first job to the last job, everything was planned. It’s very important for a fresher…to think…to think before doing a job. Just doing a job can ruin their career life.

Following are the important points which a fresher needs to think before he select his or her first job and what he should do in his first job.

a) Think what you have to do in life.

Most students don’t think what they have to do in their life, which industry attracts him, which work he enjoys doing it, what is his passion…what is the job or work which really turns him on, to put more effort.

It’s very important for a student to think 1000 times about what they want in life. If you want to do something in finance or marketing…you should select the type of job which can fulfill your dream.
Further if you are planning for a post graduation in some specific specialization say in Finance…than dumbo don’t take a marketing job now, work something in finance, even if you are getting less salary.

b) Salary sucks…don’t think about it.

Again, the biggest mistake done by students is choosing the job on the basis of salary / compensation. Before you select a job, first look at its profile, as mentioned above and than think about the salary. Don’t take up a job which is offering a high salary and got a very weak profile or some routine profile.

However, by this I don’t mean that you should do a low salary job, because remember when you will leave that company for better opportunity and apply for job somewhere else …your salary matters that time. If you are getting Rs 6,000 now…in your next job you can’t negotiate for more than Rs 10,000.

So first look at the job profile, see the salary, if it’s low its ok, but it should not be very low.

For those students, who want to go for further studies after one year, they should not think about salary, too much.

c) Just don’t do the work which is mentioned in your job profile

Think out of box, taking extra pain, working more than what you are paid, running your mind and coming up with new ideas, and completing your job in the best possible way are some factors which can bring success to your job and what you aim at.

Many students when they enter into corporate world for the first time, they stop themselves from coming up with new ideas and doing extra than what is mentioned in their job profile.

Don’t do it…your first few days are your honeymoon periods, so try to do as much as possible, learn your job profile quickly and mark a good impression.

d) Don’t follow the time table, same as you were not following in college

Remember your time table in college. You come early, bunk lectures, still lately with your friends.
Most of the time, when a fresher get a job…he/she follow the office timing, that is coming at sharp 9 (as it was mentioned by HR Manager), having lunch at sharp 1 and leaving at sharp 6 (because HR manager mentioned it, your job time is 9am -to-6 pm).

It’s very good when you come at a right time in morning, take lunch as per schedule and leave at sharp +6. But don’t make it a habit, make habit to first complete your job work. Don’t think about office leaving timing, but it doesn’t mean that you should leave after 2-3 hours.

Very important: Don’t make it a habit to sit late, as than your superiors will expect you to sit late and than you start disliking your job.

By this point I mean, “Focus more on doing more in a day”.

e) Office politics: Don’t try to learn it on first day of job.

One thing that disturbs a fresher is office politics. When we are in college there is nothing like politics in a class…there is only war, but a war which ends in some hour and again we become friends who can die for each others.

But when we steps into the corporate world…we have to face the reality “OFFICE POLITICS”.

You are very young to understand it and to learn it. So when you take your first job, never join a gossip, saying about someone, complaining about your colleague with your other colleagues. Don’t do these things. Don’t argue with your superior, even with your colleague.

Office politics is something which you learn as you pass time in your job. The older you are in your office…the good politician you will become. As it is your first job, don’t do anything what is mentioned above and neither gets involved in any type of planning, plotting.

Just go and do your work. Remember, you have to use your mind, your behavior so you don’t become a victim of office politics.

f) Torn jeans, skin tight t-shirts and all college outfits…don’t work in job.

Your clothing style is very important in your job. You can’t dress in the same way as you use to dress up in your college.

On first day of your job, don’t become a fashion icon. Have simple, clean, well ironed dress on your body. On first day, just see what type of cloths your colleagues are wearing, but it doesn’t mean that you start wearing the same dress from next day.

Its good to ask the HR manager about the dress code, when you take your appointment letter.

g) Don’t delay in learning “How to do your job?”. It can kill you.

You know your first few days in new jobs; send message about you, your skills in the group, organization. Your testing time starts from the moment when someone from the group starts teaching you about your job, how to do it etc? You should learn it as fast as possible and don’t try to be over smart saying I know everything to the other person who is teaching you.

Before your first day on job, try to learn something about your job using book, internet, asking your friends or someone you know. This will help you in grasping your job technicalities fast.

If you learn your job fast and do it in a good way…you won the match dude. And if you delay in learning your job, or not doing it in a proper way…than don’t complain or cry when your boss scold you.

_______
These are only few points, but there are many things which one learns or see when he joins the job.
Good luck for your new job and in case you need any career guidance, you can always ping me on support (@) jobkeeda.com.

By Neeraj Tiwari

Jet Airways removed around 110 employees, as the company is taking cost reduction measures so as to improve the financial condition of the company, reports Economic Times.

The airline has issued notices of termination to identified employees on contract, who have superannuated.

Of these total 110 employees, 50 were on contract basis and the remaining 60 were probationary cabin-crew.

Further, to save the cost, last month Jet Airways slashed the salaries of employees who were drawing a gross monthly salary of over Rs.75,000 by up to 25 percent.

 Japan’s unemployment rate rose to the highest in more than four years in March 2009, reports Bloomberg. 
The statistics bureau of Japan said, the jobless rate rose to 4.8 percent in March 2009 as compared to 4.4 percent in February.

The ratio of jobs available to each applicant dropped to 0.52 from 0.59. Further the Japanese government forecasted that the unemployment will rise to 5.2 percent in this financial year.

Europe’s biggest defense company BAE Systems Plc, to cut 500 jobs and close three plants, reports Bloomberg.

The decision came after the British government delayed the purchase of armored vehicles.

BAE will shut factories in Guildford, Leeds and Telford, England, with the loss of 330 jobs.  About 150 posts will be cut at sites in Newcastle, Leicester and Barrow, and 30 more positions will also be cut.

A labour ministry survey in Japan, revealed that job offers to more than 2000 graduates cancelled as recession forced the business house to cut the jobs, reports Economic Times.

2083 graduates faced the cancellation which is double than the cancellation of 1077 graduates in 1998.

The latest figure also represents an increase of 238, or 12.9 per cent, from what was reported in the previous survey conducted in March.

Of the total, 379 were high school graduates, 1,703 were college and junior college graduates and one finished a junior high school at the end of Japan’s academic year on March 31.

A key Home Office committee has cut the number and categories of jobs available for migrants from outside the European Union, reports Economic Times.

The Migration Advisory Committee said 270,000 less posts should be on the “shortage list” of jobs, which allows employers to bring in foreign workers without trying to fill them with British staff first.

According to the review, the employment rate of immigrants from India has risen by 3.6 per cent and the rate for immigrants born in Bangladesh or Pakistan increased by 2.6 per cent over the year to October-December 2008.

Dhanalakshmi Bank plans to hire1, 300 employees by 2010, reports Economic Times. This addition will take the total employee strength to 2,700.

At present, the Kerala-based is having total headcount of 1400.

The bank plans to add 66 new branches all over India this year, taking the total branches to 273.. In Delhi, seven more branches would be added from the present three and in Mumbai 19 more branches are planned.

Further the bank is looking at raising Rs 4 billion of of Tier II capital by June this year.

Facing the worst downturn in last 50 years, the U.S. economy declined again in the first quarter, reports Bloomberg.

The Commerce Department said, Gross domestic product dropped at a 6.1 percent.

The world’s largest economy has shrunk 3.3 percent since peaking in last year’s second quarter, already making this the second-worst recession since the Great Depression.

In the last quarter of 2008-2009, Singapore employers sacked around 12,600 employees, a record number of workers as the recession made employers to cut the production of the goods, reports Bloomberg.com.
The Southeast Asian nation’s seasonally adjusted unemployment rate rose to 3.2 percent from a revised 2.5 percent in the previous quarter. 

The jobless rate was the highest in more than three years. The manufacturing industry lost 19,900 jobs, while service industries added 10,300 new positions last quarter.

Further the report said, Construction companies hired 8,500 new workers, resulting in a total net job loss of 1,000 jobs in the first three months of 2009. 

About 13,920 workers were retrenched last year in Singapore, the most since 2003, while another 2,970 people were released before their contracts ended, the most since 1998.

The Rs 1 billion hosiery and textile park developed by the special purpose vehicle (SPV), West Bengal Hosiery Park Infrastructure Limited (WBHPIL) at Howrah district to more than 20,000 direct and indirect job, reports Business Standard.

WBHPIL has already purchased 325 bighas of land and more than 200 small and medium size units have already booked plots inside the park at a cost of Rs 2.2 million per bigha.

When fully operational, which it is expected to be by the end of this year, the park will house a total of 250-300 SME units.

CBay Systems plans to increase its operation n India by doubling the headcount in the next 18 months, reports Economic Times.

The leading global medical transcription company is having 3000 captive seats with centres in Mumbai, Pune, Nagpur, Bangalore, Hyderabad and Vijayawada.

In 2009, the company plans to invest Rs 450 million and creating 1800 new seats.

CBay plans to hire over 700 people in Coimbatore by December 2009 and reach a strength of 1500 employees over a year.

Global HR consultancy Mercer said, India incorporation is expected to increase salaries by six to eight per cent this year, reports Economic Times. Among them, infrastructure and FMCG sectors likely to see the maximum hikes.

The FMCG and infrastructure sector is expected to get a raise of of 8-12 per cent this year.

On the other hand, the sectors like financial services and Information Technology sectors, which hit by the most due to the global slowdown, are unlikely to see any considerable increases in wages this year.

Goodyear Tire & Rubber announced that it has cut 3,800 jobs so as to save cost and maintain the stability, reports Economic Times. Meanwhile the company reported first-quarter loss of net loss of 333 million dollars.

A year ago, Goodyear posted net income of 147 million dollars. The company had record sales of 4.9 billion in the 2008 first quarter.

The 3,800 jobs eliminated in the first three months were part of a restructuring plan announced in February that called for the elimination of 5,000 jobs and a salary freeze in 2009.

In the last six months of 2008, the company slashed 4,000 jobs.

Reliance Money said it may sack around 300 non performing employees in the coming days, reports Economic Times. The Anil Ambani Group firm, at present undertaking the performance appraisal.

The layoff is only on the basis of performance. In the last few months, the company hired more than 500 persons.

The total workforce of Reliance Money across all its verticals is over 2,000 employees.

BPO arm of Wipro Technologies, Wipro BPO to hire around 1,200 people in six months for its Hyderabad facility, reports Economic Times. Of the total planned hiring, half the recruits will be from Andhra Pradesh and the rest will be hired from the other states in South and North. 

At present the company is having more than 3,000 employees at Hyderabad facility. Wipro BPO has over 22,000 employees currently and it contributes to 7% of Wipro’s overall revenues.

While there has been an impact of the global meltdown, the BPO business will continue to grow as it helps customers cut operating costs by providing cost effective solutions.

According to a study by Nasscom, The Indian BP0 industry is expected to grow five fold will provide direct employment to about two million people

The Indian IT services sector may see up to five per cent layoffs or more than one lakh job loss in the next six months, reports Economic Times. The current market condition has made the IT companies to cut the cost so as to maintain the stability.   

Deloitte Touche Tohmatsu Senior Director (Management Consultancy Services) P Thiruvengadam said, we can see 3-5 per cent non-voluntary exits in the first two quarters of the financial year mainly in senior and middle levels in the IT industry.

Nasscom estimates more than 22 lakh people were working in the Indian IT-BPO sector in FY2009 (till February), while indirect job creation is estimated at about 80 lakhs.

Besides, IT services (including engineering services, R&D, software products) exports, BPO exports and the domestic IT industry provide direct employment to 9,47,000, 7,90,000 and 5,00,000 people, respectively, Nasscom says.

KPIT Cummins Infosystem has stopped the fresh recruitments for next three-four quarters, reports Economic Times. The decision is due to the current ongoing turmoil worldwide.

Further, the company has reduced variable pay component of employee salaries by over 50%. The step is to save the cost and maintain the company stability.

In the first three months of 2009, the company has removed around 290 employees from its development team.

A time where job cut become a common word due to the current financial turmoil, India PSU banks plans to hire around 30,000 people during 2009-10, reports Economic Times.

Many banks like, United Bank of India and the Indian Bank, have already issued advertisement for recruitment.

UBI is hiring 900 probationary officers and 500 clerks. Besides, it is also hiring 100 specialized officers across various departments.

Indian Bank has called application for the post of 700 clerks and on the other hand Andhra Bank plans to recruit 550 clerks, besides hiring 295 Probationary Officer and 150 officers in other category .

Yahoo plans to hire around hundreds of people worldwide, including 150 jobs in India, reports Economic Times.

At present, the company is having a total headcount of13, 500 employees globally and plans to reduce around five per cent of its workforce or around 675 people.

The above mentioned hiring plan is for key positions and important work areas. The openings are for its operations in Bangalore, Mumbai and New Delhi, while most of them are for Bangalore. The India openings are for various departments including engineering, customer care, research and product management, among others.

Government to hire 414 people this fiscal for IPR modernization of intellectual property offices in the country, reports Economic Times.

Further, the Joint Secretary in the Department of Industrial Policy & Promotion, under the Ministry of Commerce & Industry said the government also aims to create 1,380 jobs in the next five years.
The intellectual property offices include Patent, Trademarks, Designs and Geographical Indications.

TCS, Infosys and Wipro, plans to increase there workforce in other countries, so as to position themselves as a job creator in those countries, reports Economic Times.

While TCS aims to double its foreign workforce from the current 10,000 over the next five years, Infosys and Wipro could see non-Indians account for 10-15% of there total employee base in three to five years’ time from, around 5% now.

Ministry of Micro, Small and Medium Enterprises (MSME) Secretary Dinesh Rai said, by 2025, India could generate around 9 lakh jobs in biomass gasification, reports Economic Times.

Of the total 9 lakh jobs, 3 lakh would be in manufacturing of stoves and remaining six lakh in areas such as processing into briquettes and pellets and the fuel supply chain.

India’s energy demand is expected to more than double by 2030. This requires domestic and international energy-efficiency technology providers, service providers and equipment manufacturers to develop innovative ways to conserve energy.

For March 2009, Naukri JobSpeak index stood at 711, a fall by eight percent as compared to JobSpeak index of 774 in February 2009, reports siliconindia.com.  Following are some of the important disclosers made by the index.

City wise Analysis: Hiring activity in Mumbai at its lowest in March 2009, other cities also see a decline in jobs.

Industry Analysis: Insurance, Banking and Finance, Oil and Gas saw a steep drop in the Index in March 2009.

Functional Area Analysis: Banking and Insurance professionals saw a steep decline in jobs.

{ We recomend reading full article on Siliconindia.com. Click here to read. }

U.K. unemployment rose to the highest level since 1997, reports Bloomberg. The rise in unemployment is due to the current economic condition which forced companies from to cut jobs so as to save cost and run in profit.

B based on International Labour Organization methods, the number of jobless rose 177,000 in the three months through February to 2.1 million, which is the most in 12 years.

Claims for jobless benefits rose 73,700 in March to 1.46 million.  The Confederation of British Industry expects the economy to shrink 3.9 percent this year, sending the ILO jobless total to 3.25 million in 2010.

In the first three months of the 2009, Yahoo’s net profit has declined by around 80 percent and to cut cost and maintain stability, the search major will cut its total workforce by 5%, reports Economic Times.

In the first full three-month, Yahoo generated revenue of USD 1.58 billion, compared with USD 1.82 billion at this time last year.

Further the company’s net profit in the first quarter stood at USD 118 million as compared to USD 537 million at the same time last year.

Piramal Healthcare announced to hire 300-400 people this year across the country, reports Economic Times. This plan will take the company manpower base to 7,400.

Last year the drug maker, Piramal hired 1,500 people in the country for its mass marketing division. Company’s dermatology, mass and super-speciality products division are doing well and it is looking for more manpower so as to expand the divisions more.

(At least a one positive story today morning)

Volvo Group to cut 1,543 jobs in Sweden, majority of which is from Volvo Trucks unit, reports Economic Times. From the last few months, the company is already cutting jobs as to maintain the stability and save cost.

The company has in recent months announced 5,800 job cuts.

Earlier the group announced that during 2008 and 2009 a total of 16,255 permanent and temporary employees and consultants were to leave the group. At the end of 2008, Volvo Group had 101,381 employees.

A study by global consultancy Mckinsey and IT industry body National Association of Software and Services Companies (Nasscom), said the Indian IT industry could see manpower of up to 3.5 million by 2020, reports Economic Times.

The report also said, the IT and service Industry in India can generate revenue of USD 225 billion by 2020. Of this, $175 billion is expected from exports and the remaining from domestic sources.

The study says if India and its technology industry focus on transforming its business environment, innovativeness and talent development, the revenues would be as high as USD 375 billion by 2020.

iGate said it has freezed the recruitment till the third quarter of the current calendar year, reports Economic Times. The company said it will not hire until the market condition don’t improve. iGate is expecting a turnaround in the economic condition in the third quarter of the current calendar year.

For the period ending March 2009, igate has total headcount of 6,492 employees. The company has not laid off any employees and also have no such plan in the future.

HSBC said on Tuesday it has removed 100 private bankers in Hong Kong, due to the drop in the demand of the banking services, reports Economic Times.
 
The layoffs represent eight percent of there 1,200 private banking staff in Hong Kong.

Last week, UBS AG (UBS) announced to cut 240 jobs at its wealth management group in the Asia Pacific.

In February, Deutsche Bank AG (DB) cut about 70 of its wealth management staff in Hong Kong and Singapore.

France’s largest bank, BNP Paribas, plans to cut 72 jobs in Canada, or about quarter of its workforce in France, reports Bloomberg.

The job cuts will include analyst and client relations positions. 

BNP Paribas will reduce its total staff in Canada to 192 people. Most of the positions will be eliminated at BNP Paribas’ Montreal office, and some will be in Vancouver and Toronto.

Around 30 million Chinese migrant workers may have returned to their farms because of the job looses in the cities, due to the economic downturn, reports www.Bloomberg.com . The government projected around 20 million farmers have lost their jobs.

About 225 million people, or 28 percent of China’s rural population, are migrant workers who have left their farms in search of work in cities and towns,  as said by the National Bureau of Statistics last month.

Market analyst said, Oracle Corp may have to cut thousands of jobs so as to cut cost and achieve the profit projected from its Sun Microsystems Inc takeover, reports Economic Times. The company may have to cut around 5000 jobs especially in the declining hardware division.

Oracle has invested more than USD 34.5 billion in acquisitions since 2005. The company is expecting more profit from the acquisition of Sun Microsystems in its first year than those of PeopleSoft Inc, Siebel Systems Inc and BEA Systems Inc combined.

Big TV, a part of Reliance ADAG plans to hire around15,000 installation and technical professionals so as to expand its customer servicing infrastructure, reports Economic Times.

Big TV head Sanjay Bahl said the company is establishing a base of 15,000 technical and installation professionals as part of its after sales service infrastructure.

With a 1.5 million subscribers base the company believes that it will grow faster in the next two months.

General Motors Corp may terminate 1,600workers in the next few days, as the company is cutting cost so as to maintain the business, said A top executive of GM, reports Economic Times.

The automakers, plans to cut around 47,000 jobs by this year end and following this the company, last month it began cutting 3,400 U.S. salaried jobs.

GM is living on USD 13.4 billion in government loans and faces a June 1 deadline to cut costs and gain concessions from stakeholders in order to get more government help. It may be forced to file for bankruptcy protection.

By Neeraj Tiwari

Being a startup we know, how difficult it is to hire a person. We as a startup also face the problem of identifying an industry expert who can join our start up and give his/her valuable expertise.

Looking at all these problems, we at Bhiring.com and Jobkeeda.com has decided to recruit people for startups also. Now, any startup who is looking for some interns, or full time employees, or some industry expert can come and drop their requirement on jobkeeda.com and bhiring.com.

On www.jobkeeda.com the startups should post those jobs for which they don’t want to pay any recruitment fees.
On www.bhiring.com the startups should post the jobs for which they are ready to pay some recruitment fees.

NOTE: For internship and requirement of Industry expert, all startups should post a email to us on support (@) bhiring.com or support (@) jobkeeda.com

If you have any doubt or query, you can ask for Neeraj Tiwari on             +91-9222077550        or             +91-9930117441        and Surendra Arya on             +91-9819211244        or             +91-9222155384       

We prefer an email before a call.

In an interview given to Economic Times, by S Gopalakrishnan, CEO of Infosys said that Infosys will not lay off software professionals this year, but absorb them in internal projects.

Here is what Infosys CEO have to say,

Would Infosys be looking at layoffs?

Compared to the global environment, India is significantly better. Layoffs have not taken place. There is a focus on performance in this industry and ranking is based on that. We cannot afford to lower the performance bar, though such numbers are very low in Infosys. There are no layoff plans or job cuts at Infosys. In fact, we are still investing in training and certification programmes. The number of people asked to leave is very small.

To read the full interview, visit Economic Times or click here.

Europe’s biggest airline, Air France-KLM to cut around 2,500 to 3,000 jobs in the next two financial years, reports Economic Times.

The airline company, posted a 9.4 per cent fall in passenger traffic in March, has decided not to renew short-term contracts or replace retiring employees.

In the fiscal year ended March 31, 2009, Air France-KLM laid off 2,400 employees from their jobs and forecast an operating loss of 200 million euros for the period. The company is also excepting further loss in 2009-2010 periods.

Commerce Secretary G K Pillai said, India will see new job creations in the next three months, post April, reports Economic Times.

In the last three months of 2008-09, around five lakh people were laid off in Inida, as per a report by the Ministry of Labour. Lakhs of people, mainly in the export sector, lost jobs due to global slowdown which is having direct effect of the countries export business.

G K Pillai said, the job losses which have taken place are now almost reached a bottom, we are bottoming out, about 10-15 lakh jobs we have lost.

{Yesterday, a report from Edelweiss Capital said, Placement firms negative on job market for next three month. Around 84% of the placement firm, Edelweiss Capital interviewed said, they are not seeing too many job opportunities in the coming three months.

We don’t know what is right, what is wrong…just hoping for the best. The market is going to see more job seekers in coming 3 months, as the college terms are over and many graduate and post graduates’ students will join the job market Arena. }

Infosys Technologies hired around 5,000 employees in the January-March 2009, but net additions were just 1,772, reports Economic Times. The reason for such low net addition as compared to the people hired by the IT giant is attrition and other factors.

If we look at the entire financial year, April 2008 to March 2009, the company hired 28,231 employees, but the net additions for the year were just 13,663.

The total headcount of Infosys and its subsidiaries stood at 1, 04,850 employees as on March 31, 2009.

During the fourth quarter, that is January to March 2009, Infosys and its subsidiaries hired 4,935 employees (gross).

CA Inc, a US-based IT management software Solutions Company to hire 1,000 professionals in India for its R&D centre in Hyderabad in the next 3-5 years, reports Economic Times.

This addition of 1000 employees will take total strength to 2,600 over the next 3-5 years.

In 2007, company announced an investment plan of USD 30 million to set up an R&D facility in Hyderabad, which is expected to be complete over the next 18 months.

At present, Hyderabad facility of CA Inc, accounts for about 30 per cent of the company’s global R&D workforce and India is also one of CA’s fastest-growing areas.