Human resource outsourcing services are expected to touch a volume of $25.4 billion by year-end, fuelled mainly by mid-sized North American and European companies, says an Everest Research Institute's Human Resources Outsourcing Annual Report. Growth will also be aided by reduction in transition costs and timeframes by existing suppliers, along with promotion of standardised offerings.
HR can make better hiring decisions with solutions powered by robotics & machine learning.
The acquisition of Executive Access (India) Pte Ltd would provide Hat Pin access to a large talent pool and complementary opportunities across its three existing brands, it said in a filing to the London Stock Exchnage.
Amazon India on Friday said it has signed an agreement with with the Directorate General Resettlement (DGR) to provide ex-service personnel with work opportunities across its network in India. With this partnership, Amazon India will continue to create fulfilling alternate career opportunities for ex-service personnel who have served the country, a statement said. The association with DGR will further enable Amazon India to mobilise the untapped potential of veterans, giving it access to a greater talent pipeline, it added.
Alka Mittal has been appointed interim chairman and managing director of Oil and Natural Gas Corporation (ONGC) - the first woman to head the country's largest oil and gas producer. Mittal replaces Subhash Kumar, another interim head who retired after reaching superannuation age on December 31. "The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Ministry of Petroleum and Natural Gas for entrustment of additional charge of the post of chairman and managing director (CMD), ONGC to Alka Mittal, director (HR), ONGC for a period of six months with effect from January 1, 2022, or till the appointment of a regular incumbent to the post, or until further order, whichever is the earliest," the Department of Personnel and Training (DoPT) said in an order dated January 3, 2022.
Maoists on Thursday called for a 48-hour bandh in West Bengal, Jharkhand and Orissa from April 26 in support of their demand for producing four of their arrested cadre before court. Chandrasekhar, Rajen, Krishna and Rajesh were arrested by security forces between April 14 and April 15 from different areas in Jhargram subdivision of West Midnapore district, but have not been produced in court, a Maoist leader claimed.
'It's not fair to your husband that you don't love him and before things get worse, like maybe you becoming pregnant, I would suggest you end the marriage soon,' says Love Guru.
It has taken a pandemic to move the needle on the salary packages for greenhorn engineers hired by the Indian IT services sector. The country's third-largest IT services player, HCL Technologies, has decided to boost the entry-level packages from Rs 3-3.6 lakh to Rs 4.25 lakh for FY23, in a bid to attract fresh talent and keep them for longer to counter the impact of rising attrition. This new package would also be applicable to those freshers who joined the firm in FY22.
RBI's oversight cadre move creates HR trouble, officers threaten agitation.
HR Guru Mayank Rautela offers practical advice.
Self-styled Godman Asaram's son Narayan Sai was today allowed by a Delhi court to be taken into 24-hour custody of Gujarat Police which secured his transit remand for producing him before a court in Surat in connection with a rape case.
China now boasts of the world's fastest train -- Chian Railway High-Speed (CRH) -- that rockets at an average speed train of 350 km per hour. That is, if the train were to ply in India, it would take just 4 hours to run from Mumbai to Delhi.
The Union Cabinet on Wednesday approved 'Mission Karmayogi', dubbed as the biggest bureaucratic reform initiative, aimed at capacity building of government employees to make them more "creative, proactive, professional and technology-enabled". The core guiding principles of the competency-driven programme will be to support a transition from "rules based to roles based" HR management to prepare the Indian civil servant for the future, according to a government statement.
'The workers's dance of wilful destruction has the potential to kill all investments planned in India by any foreign entity,' argues Dr Sudhir Bisht.
To further strengthen the supervision on non-banking entities (NBFCs), the Reserve Bank on Tuesday issued revised guidelines on a Prompt Corrective Action (PCA) framework for such companies, excluding government-owned ones, effective from October 1, 2022, on the lines of what it had introduced for banks in 2002. The RBI came up with stricter supervisory norms under the PCA framework for banks after their bad loans mounted and balance-sheets bled badly. This involved restricting them from fresh lending, brand opening and, hiring, among others. The RBI said the revised PCA framework is also applicable to all deposit-taking non-banking financial companies (NBFCs), all non-deposit taking NBFCs in the middle, upper and top layers, including investment and credit companies, core investment companies, infrastructure debt funds, infrastructure finance companies and microfinance institutions.
IBM started using Watson last year in India in two of its key divisions, services and infrastructure, for the bulk of its 150,000 employees as part of its "predictive retention" programme.
If you can think on your feet and come up with solutions to problems that arise at work or in college, employers will likely notice this skill when they read your CV.
Completing a marathon below two hours and 10 minutes is considered an arduous task, but Kenyan athlete William Kipsang is determined to do just that at the ninth Standard Chartered Mumbai Marathon on Sunday.
UK-headquartered consumer goods giant Unilever on Tuesday announced a major organisational shakeup to make the company leaner, which involves some of its Indian-origin executives, and plans to lay off 1,500 staff as part of the wider restructuring of its global operations. Sanjiv Mehta retains executive leadership of Mumbai-headquartered subsidiary Hindustan Unilever, while Unilever chief operating officer (COO) Nitin Paranjpe will take on a new role as chief transformation officer & chief people officer, leading the business transformation and heading the HR function for the transformed organisation. The company said Sunny Jain, president of beauty & personal care, has decided to leave Unilever to set up an "investment fund in technology megatrends".
Top Indian IT services companies - TCS, Infosys, Wipro and HCL Tech - have said that they would continue to hire freshers through campus interviews, though lateral hiring will be mostly on exception basis.
'Jayaji, would you say the same thing if in my place it was your daughter Shweta beaten, drugged and molested as a teenager, would you say the same thing if Abhishek complained about bullying and harassment constantly and found hanging one day?'
LIC employees plan to observe a two-hour walk-out strike on August 4 to protest against the LIC (Amendment) Bill, 2009, introduced by the finance minister in the Lok Sabha on Friday, a senior office-bearer of an employees association said. The Bill says that the minimum capital of LIC would be increased from the present Rs 5-crore (Rs 50-million) to Rs 100-crore (Rs 1 billion).
A Green Card, known officially as a permanent resident card, is a document issued to immigrants as evidence that the bearer has been granted the privilege of residing permanently in the US.
Deloitte's recruitment process will involve a resume screening, a telephonic interview, and a face-to-face interview if you apply online, says Sarvesh Agrawal.
HDFC Bank said that Maitra was quoted out of context and it has already written to the magazine. It also called it unfortunate that the comments had hurt ICICI Bank.
Many companies are putting HR's reputation as a back office administrator to rest by either outsourcing or automating most administrative tasks.
Fresher hiring is expected to more than double compared to last year.
He was the chief guest of UIDAI's function in New Delhi.
What does Udhayanidhi's induction as minister mean? For the DMK, it indicates the future course, direction and leadership. It is continuity with change, and change with continuity, points out N Sathiya Moorthy.
The ability to make smarter data-driven decisions will be a critical skill that every employer will be looking at in every prospective employee.
Flipkart has promoted several of its leaders into newer roles at a time when the Walmart-owned e-commerce giant has internally raised its IPO (initial public offering) valuation target to about $60 billion and aims for a US listing in 2023, according to the sources. "I am delighted to announce the promotion of some of our exemplary leaders," said Kalyan Krishnamurthy, chief executive officer, Flipkart Group, in an internal note, and which has been reviewed by Business Standard. "Each of them has been instrumental in delivering impact and creating long-term value for Flipkart.
Designed by Ferrari Styling Centre, the 488 GTB can race from zero to 100 km/hr in 3 seconds.
According to experts in human resources, even joining of new graduates is likely to be staggered as companies are expected to onboard staffers after gauging the demand scenario.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
While industry leaders Tata Consultancy Services and Wipro have announced deferring wage-hike plans, other players such as Infosys and HCL Technologies are expected to follow suit, according to industry insiders.
The Indian Railways has an ambitious plan to increase the speed of Rajdhani, Shatabdi and Duronto trains to 160-200 km/hour over the next three years.
With the hybrid model in place, employees can take advantage of the working from office to build better working relationships, trust, and comradeship.
Aiming to break the 574.8 km/h speed record set by France, China has signed agreements with Thailand and Laos to build high-speed railways.
Nikunj Saraf, Vice President Choice Wealth, answers your Mutual Fund queries.
Umran was a net bowler during India's last World T20 campaign in the UAE.
