How should employers go about choosing a potential workforce for their organisation? What are the qualities one should look for in prospective candidates? We bring you an excerpt from Finding Keepers -- The Monster Guide to Hiring and Holding the World's Best Employees by Steve Pogorzelski and Jesse Harriott, PhD, with Doug Hardy.
'The focus for IT companies will shift from adding scale to building a smaller, more specialised, talent pool with specific domain expertise,' says Shyamal Majumdar.
Some sectors like aviation, hospitality, travel and tourism, and automobile have witnessed zero cash flow since the lockdown began.
SAIL currently employs a little under 1,21,000 people. The freshers, to be roped in as management trainees (technical and administrative), would handle the extended operations of the company in near future. The company is in the process of expanding its production capacity to 26.3 million tonnes by 2010-11 for which its would be spending in excess of Rs 78,000 crore.
It plans to make Hyderabad as its back office hub for data management in clinical research and financial service segments. Novartis is putting infrastructure to put all these people in one place and the centre is expected to turn operational next year. It will be the back office for Novartis' pharmaceutical operations and will find many PhDs and post-graduates working there, said Jurgen Brokatzky-Geiger, head (human resources), Novartis.
The railways, the country's largest employer, will be hiring 127,000 people in 2018-2019, for which 23.7 million are competing.
From helping their employees infected with the Covid-19 virus to vaccinating them or supporting the families of those who might have succumbed to the infection, several companies in India are trying to do their bit in this difficult time. Some have even widened their support net to include all stakeholders as well as an extended community. To the families of the employees it lost to Covid-19, Noida-headquartered IT services and consulting company HCL Technologies is, for instance, paying salary for a year, medical insurance for three years and extending support for their children's education for five years.
Mandates have been handed out to staffing solutions companies such as Randstad India and TeamLease, officials at these firms have said, as players increasingly push into rural areas to capitalise on the uptick in the hinterlands.
Robots are now being used increasingly in the integrated-shell assembly line and robotic bogie-fabrication line. The unit may soon see its phase-II expansion, which will increase its capacity to 2,000 coaches.
A growing number of firms are putting in formal policy frameworks to tap into company alumni and facilitate the return of former employees, discovers Sangeeta Tanwar.
Despite what the Nano can do to the country's automobile market, its ability to transform Tata Motors' financials will be limited, says Shyamal Majumdar.
Software firm Cognizant Technology Solutions will be recruiting about 18,000 IT professionals before the year end in addition to the present 38,000 workforce, a top company official said on Saturday.
'In India, the impact will be less than 1% of employee headcount.'
While growth metrics for Infosys was skewed to a single vertical and it is struggling to get a handle on costs, TCS has been able to manage growth and keep cost inflation under control.
Out of the top 11 Asia Pacific economies, the average monthly Indian starting salary was ranked ninth.
While it is hard to be critical of your own performance, what is it that you can do to survive a slow job market?
The most important aspect will be the SOP that will be handed to the franchises for Monday's discussion where they can raise their concerns.
The list acknowledges the 'inroads women are making in the business world'.
Online marketplace majors, e-grocers, Internet of Things firms, app-based companies and transport service aggregators are among those that have had to shut shop or scale down operations. Now, survival skills like upskilling and retraining will determine who makes it.
"In a year dominated by political chaos and bluster, it was a rare brand of steady -- even quiet -- leadership that won the day in the business world. And no one epitomises that brand of obsessively results-driven, team-based leadership more than our new No. 1 Businessperson of the Year," Fortune said.
Young Indian entrepreneurs hope to share some of the limelight too at the Hyderabad event.
The bouquet of Covid-19 tests that most diagnostic labs are offering include antibody tests (blood tests), rapid antigen tests (point of care tests that detect the presence of an antigen from a nasal or throat swab in case of SARS-CoV-2), and reverse transcription-polymerase chain reaction (RT-PCR) tests.
The existing strategies are based on one-size-fits-all approach.
'India is still hierarchical, but not as much as Japan and people appreciate a flat working culture,' Charles Frump, managing director, Volvo Cars India, tells Pavan Lall.
Dig deep, share the load, and share credit. That's what teamwork is about!
'It could take 12 months or more for hiring to get back on track.' 'New opportunities would come up and there will be demand for skillsets that can help dealing with the current situation.'
Almost half of the 219 All India Radio stations are functioning without a station director and other senior management staff because of the absence of recruitment and promotion guidelines.
Fear of the disease has affected the way employees commute, the number of coffee breaks they take, and even their conversations with colleagues. Does a restricted environment affect the spirit of interaction and collaboration that offices are meant to inspire, wonders Ranjita Ganesan.
Software employees can opt for company-run programmes, online courses, boot camps to upgrade skills.
Will Infosys, which will announce its Q2 results on Tuesday, be able to break away from the single-digit growth rates the IT services sector has been seeing?
'Always have two (not more) things you want badly in life -- really badly -- and it will bring such focus, such hard work and such sacrifice that you never knew existed inside you.' 'This is the secret sauce to success today and most days.' A must-read excerpt from Ronnie Screwvala's Skill It, Kill It: Up Your Game.
The firm now has employee strength of 344,691.
'The announcement has come too late. This should have been done years ago.'
Also, incremental demand is expected to rise by 10 per ent over the next five years.
The replacement hired for women dropping out is invariably a man
Technology and operations management expert Elliott N Weiss discusses manufacturing, the trouble with too much automation, and the need to strike a balance between people and artificial intelligence with Ritwik Sharma.
According to the latest annual report for 2017-18, the percentage of the company's employees in the age group of 18-25, came down to 28.16 per cent, from 31.19 per cent in the previous financial year.
From Rs 191 billion in 2019, the world's largest film producing industry now stands at Rs 72 billion thanks to the pandemic.
'Our intentions were, and still are, to ensure the entire workforce is given as much protection as possible from redundancy and/or loss of earnings during this unprecedented period'
'It will take six months to one year to move to normalcy, depending on how the pandemic plays out in India.'
