Archive

Archive for September, 2009

HCL to hire 2k pros to serve new customers

September 29th, 2009

NEW DELHI: India’s fourth-largest software exporter HCL Technologies plans to hire 2,000 software engineers in the next three-four months to leverage new client base and existing operations across verticals, said a top company executive.

While 30% of the new hires would be freshers, the remaining 70% will comprise experienced professionals. This will take the company’s total workforce to more than 57,000 globally.

The software major struck various IT outsourcing services deal in the past few months, which has led to an increase in demand for workforce. Till last year, the company was high on campus hiring and took 15,000 freshers and professionals on rolls.

However, the firm intends to go slow on campus hiring this year owing to overall slowdown in demand for IT services world-wide.

“We are following just-in-time model of hiring. Unlike earlier when we used to give hiring guidance 18 months in advance, it will be a quarter or two in advance, as we are yet to have a clear visibility on where the industry is heading. Focus will be on lateral hiring for core IT processes across sectors,” said HCL Technologies global head (human resources) Dilip Kumar Srivastava.

He said the company has no plans to alter the compensation package of the freshers and that variable component of the salary will solely be performance based. Early this year, the company had put a freeze on employee salaries and resorted to bonus cutbacks, citing tight demand and declining volumes in the US and Europe as the rationale.

HCL has added a couple of new clients in the past few months. The firm bagged two IT outsourcing services contracts worth $110 million from Texas-based energy companies, Energy Future Read more…

Jobs Editor CMDN Hot Jobs, CMDNHotJobs.com, Career , , , ,

Delphi to increase head count at Bangalore centre

September 29th, 2009

NEW DELHI: US-based mobile electronics and transportation systems supplier Delphi on Tuesday said it would hire 150 more engineers at its Bangalore Technical Centre to cater to the automobile sector.

The company would be increasing its head count to 850, from 700 at present. It has also increased the lab space in the centre by over three times to 13,500 sq ft, up from 4,000 sq ft earlier, Delphi said in a statement.

“Our vision is to continue providing significant engineering capability to meet the growing global needs by harnessing Indian technical talent. The expansion of our Technical Centre showcases how important India has become for the future growth of Delphi,” Delphi India President and MD Ashok B Ramaswamy said.

The Troy (Michigan)-based firm is looking at enhancing its designing and testing capabilities and increase focus on diverse areas like software development and verification, systems electrical design Read more…

Jobs Editor CMDN Hot Jobs, CMDNHotJobs.com, Career , ,

Animation, gaming jobs set to double by 2012: Nasscom

September 28th, 2009

KOLKATA: The animation industry is likely to have the going good in respect of jobs. Nasscom’s projections suggest that employment in this sector will double from 14,700 now to 29,500 by 2012. Similarly, the gaming industry too will create a huge number of jobs in the next three years, with the projections being 10,700 jobs by 2012 from a meagre 2,300 people now.

Responding to a ET questionnaire over phone from Delhi, Sangeeta Gupta, vice-president of Nasscom said: “The animation and gaming industry in India has immense scope to grow. Given the financial meltdown, many western countries are actively looking at destinations like India to develop animation content within moderate budgets. The increased interest of Bollywood and the regional cinema industry for animation, has boosted growth also. The Indian animation industry has moved from a pure offshore model to co-production model. While the domestic sector contributed with manpower and infrastructure, international producers helped with marketing and distribution.”

Ms Gupta said that according to Nasscom therefore, animation and gaming companies will witness a significant growth by 2012. “At present, there are some 250 animation companies in the country. By 2012, we expect the number of such companies to swell to around 400. The number of gaming companies will also double from around 50 now to 100 by 2012.”

The Nasscom vice-president estimated that the turnover in the animation sector could cross $1 billion by 2012 from Read more…

Jobs Editor CMDNHotJobs.com, Career , , ,

Fujitsu president steps down, chairman takes over

September 25th, 2009

Kuniaki Nozoe stepped down due to illness, says Fujitsu.

TOKYO, JAPAN: Fujitsu Ltd, Japan’s largest information technology (IT) services company, said Kuniaki Nozoe stepped down as president on Friday due to illness and chairman Michiyoshi Mazuka is now doubling as president. A Fujitsu spokesman did not elaborate on Nozoe’s health.

Mazuka, who joined Fujitsu four decades ago and has spent most of his career involved in the company’s sales operations, will hold a news conference at 7:00 p.m. (1000 GMT).

Shares in Fujitsu were down 4.2 per cent at 616 yen, underperforming the Tokyo stock market’s electrical machinery index , which fell 1.8 percent.

Jobs Editor CMDN Hot Jobs, CMDNHotJobs.com, Career ,

Wells Fargo steps up expansion, hiring in India

September 25th, 2009

MUMBAI: Wells Fargo, the fourth-largest bank in the US by assets, is expanding its back-end business processing unit in India and is on a hiring spree, even as most other multinational banks downsize their corresponding units. Steve Ellis, executive vice president, wholesale services group, told ET that India is a key international centre in its global services and the bank would continue to beef up its operations here.

Over the past few years, several foreign financial services firms including Citibank, UBS and Aviva have either sold or are in the process of selling their captive BPOs. Most banks feel that economies of scale are limited in such operations and outsourcing work to third party BPOs is more effective. However, Wells Fargo believes that its unit here is of tremendous value and considers the team in India as an extension of teams in the US.

Mr Ellis’ visit to India comes at a time when the San Franscisco based bank has been still completing its merger with Wachovia Bank in India. Wells Fargo, which bought Wachovia’s global assets last year, has been relatively less affected by the global financial crisis. But the bank has over the years attracted criticism against its business practices, customer service and fee levels.

“As we aim to provide our global lines of businesses with a strong delivery capability around technology and business operations, we feel the need to broaden the scope of our search for talent,” said Mr Ellis in an exclusive interaction with ET. “The talent pool in India has been a key success factor in moving us into the future, and further Read more…

Jobs Editor CMDN Hot Jobs, CMDNHotJobs.com, Career , ,

Real estate firms back in hiring mode

September 24th, 2009

NEW DELHI: Some of the country’s largest real estate developers such as DLF, Unitech and HDIL have started hiring again, as they look to launch new projects and speed up execution of existing ones to cash in on a pickup in home demand.

“We are launching new projects and plan to hire in large numbers,” said a spokesman for DLF, India’s largest real estate firm that fired more than 300 people during the downturn.

He said the company hired people with specific skills such as mall management even during the crisis. DLF on Tuesday launched a project in Delhi and sold the entire stock of 1,250 apartments in two hours, he said.

The companies expect high demand in the coming fiscal quarters with the economy showing clear signs of a revival in the fiscal year started April 2009. The financial year ended March 2009 recorded 6.7% growth after two bad quarters pulled down annual growth rate from 9% plus levels seen in the previous three years.

Unitech, India’s second-largest property firm that struggled for months to avoid bankruptcy, is back in action with two rounds of share sale and a revamped business model.

The company, which has 1,200 people on its rolls, has added 300 employees at different levels in the past few months. Its project sites, where construction had stopped for lack of funds last year, are again humming with activity, a company spokesman said. Unitech had raised $900 million through two rounds of stake sale to qualified institutional buyers to bring down its debt level, which was hovering around Rs 10,000 crore last year. The company also changed its business model and launched homes in the ‘affordable’ category and hired more people to sell directly to customers.

A revival in demand has prompted more firms such as Omaxe, Lodha, Ansal and Gera Developers to launch new projects, while some others like Parsvnath Developers and Prestige group are still playing it safe. Rohtas Goel, chairman of Delhi-based Omaxe, said he Read more…

Jobs Editor CMDN Hot Jobs, CMDNHotJobs.com, Career , , , , , ,

GM to restore 3,000 jobs, prepares to raise output

September 24th, 2009

DETROIT: General Motors said on Tuesday it planned to restore about 3,000 jobs at US assembly plants and related facilities and is getting set to raise North American production by up to 45% next year.

GM said it would add shifts at three assembly plants as it consolidates production from plants that are closing or retooling, a process that would not add immediately to its production schedule for 2009. But GM expects to increase North American production to about 2.8 million vehicles in 2010, up about 40% to 45% from 2009.
GM had sharply curtailed North American production around its governmentguided reorganisation.

GM said it would add shifts at three US assembly plants next year, restoring 2,400 jobs, and expected to restore 600 jobs at related facilities across the US that produce engines, transmissions , stampings and castings.

The addition of shifts at plants in Kansas, Indiana and Michigan comes at a time when US auto industry sales are thought to have hit bottom and manufacturers are raising production to restore depleted vehicle inventories.

US dealer inventories were trimmed sharply after the federal government’s “cash for clunkers” programme lifted sales in July and August with incentives of up to $4,500 to turn in gas-guzzling vehicles and buy new more fuel-efficient models.

GM has been addressing severely low inventories resulting from a combination of the “clunkers” programme that ran from late July through the first three weeks of August and production cutbacks around its government-funded reorganisation.

Mark LaNeve, GM’s vice-president of US sales, said US auto sales for GM and the industry have been slow, a situation expected with the end of the “clunkers” programme. “Our year-over-year comps will be difficult on both the fleet and retail side, but both accounts Read more…

Jobs Editor CMDN Hot Jobs, CMDNHotJobs.com, Career ,

Kinds of employees cos want to hire

September 24th, 2009

There are two kinds of employees. Some believe they can make things happen, and the others believe that things happen to them. The first group believes that the outcome of their life and career is more or less in their own hands, and they wouldn’t have it any other way. The other group takes more of a Forrest Gump approach: They sit around and wait for a bus to take them somewhere.

This distinguishing feature is captured by something called a “core self-evaluation.” After more than a decade of research, psychologist Tim Judge has discovered that virtually all superstar employees—from rainmakers in the field to line workers on the floor all the way to big guns in the boardroom—have one thing in common: a high core self-evaluation. Judge describes core self-evaulation as “a person’s fundamental bottom line evaluation of their abilities.”

Judge and his colleagues have shown overwhelmingly that employees who feel like they control the events in their lives more than events control them and generally believe that they can make things turn out in their favor end up doing better on nearly every important measure of work performance. They sell more than other employees do. They give better customer service. They adjust better to foreign assignments. They are more motivated. They bring in an average of 50% to 150% more annual income than people who feel less control over the fate of their careers. Not surprisingly, these employees also like their jobs a lot more than the Gumps do.

BETTER PERFORMERS IN GOOD TIMES AND BAD

In one study, Judge and his team tracked the progress of more than 12,000 people from their teenage years to middle age. He found that core self-evaluations predicted who did and didn’t capitalize on the advantages life dealt them. With only a bleak view of their capacity to handle life’s challenges and opportunities, even the brightest kids born to executives and engineers failed to reach as high an annual income as their less fortunate classmates.

By contrast, the supremely confident sons and daughters of roofers and plumbers who had only mediocre SAT scores and below average grades earned a 30%-60% higher income than the smart kids with dreary views of their abilities. And those kids with all the advantages of intelligence and pedigree plus a firm belief in their competence earned three times as much money as their otherwise equally blessed peers.

It seems that the difference between the successful and the unsuccessful employees has as much to do with an employee’s beliefs about her ability as the reality of that ability. Considering that this difference is based as much on illusion as on reality, you might think the employee’s performance would take a serious nosedive under challenging circumstances.

After all, if you think you’re special, what happens when your superior or your board tells you about the areas in which you’re falling short? Worse yet, what happens when the self-described superstar finds himself laid off or responsible for a division with tanking revenues? In other words, what happens when people who believe they are capable of controlling the world find themselves in an economy that is out of control?

It turns out that this is when the true stars shine. Tough times weed out both those with low self-evaluations and those poseurs who only pretend to have a high self-evaluation—the narcissists. Judge finds that only about one in five people with a high core self-evaluation also scores high on measures of narcissism. That’s probably why researchers continually find that those with a high self-evaluation do so much better in turbulent times compared with those with a dimmer view of their abilities, and compared with those narcissists with fragile egos.

In a series of studies by different researchers, employees with high self-evaluations have been found to respond better to corrective feedback. They also experience less stress and burnout than other employees, struggle less with work-life balance, and persevere more when searching for a job. Rather than shattering their beliefs in their abilities, it seems that a high self-evaluation creates a mental toughness that makes these people stronger and more resilient even when the chips are down.

THE CORE OF YOUR RECOVERY STRATEGY

To identify these stars who can take charge of your organization’s rebound, you can use Judge’s simple 12-question “Core Self-Evaluations Scale.” (You can learn more about the scale and download it for free on Tim Judge’s Web site.) It would also be a good idea to start keeping an eye out for these positive go-getters already working for you and consider giving them more responsibility Read more…

Jobs Editor CMDN Hot Jobs, CMDNHotJobs.com, Career , , , ,

Delhi picks knowledge, Mumbai attitude for jobs

September 24th, 2009

MUMBAI: When it comes to employability , what’s more important , education and domain knowledge or personality and attitude? If you’re a student in Delhi, chances are you’ll pick the former. Mumbai students, though, would opt for the latter even as those in Bangalore would probably understand the importance of both sets of skills.

This is just one of the several findings thrown up by a recent employability survey by Frost and Sullivan, a research agency that partners with companies to accelerate their growth.

‘‘ There are several studies on employability skills from the point of view of corporates and managements. For once, we wanted to look at the subject through the eyes of students . We wanted to figure out their opinions and attitudes on the job market, as well as the skills they found important and the ones they felt they lacked,’’ Frost and Sullivan consultant Karen Braganza said.

Around 1,000 students from Mumbai, Delhi and Bangalore were surveyed for the study. Most of them were between the ages of 20 and 24. While twothirds of the students were pursuing a graduate degree, the remaining were pursuing diploma courses.

Students were asked to rate the importance of a variety of skill sets, including education and domain knowledge, communication skills, decision-making skills, leadership, motivation, presentation skills as well as attitude and personality. While Bangalore students seemed to think all the skills were moreor-less equally important for employability, students from Delhi considered domain knowledge and presentation amongst the most important.

Mumbai students, though, opted for soft skills, such as attitude and personality, communication and decision-making .

‘‘ Mumbai students seem to recognise that, while searching for a job, they will be competing with several others with similar educational qualifications . What sets them apart, then, are their Read more…

Jobs Editor CMDN Hot Jobs, CMDNHotJobs.com, Career , ,

Expect pay hikes and promotions, Infosys tells employees

September 24th, 2009

Infosys Technologies has told its over one lakh employees that they can expect pay hikes and promotions by October, joining India’s top tech companies in lifting wage freezes and signalling rising optimism for the software industry’s growth prospects.

India’s second-largest software exporter has kicked off a performance appraisal process right in the middle of the festival season, saying in an email last week to staff that hikes and promotions will be effective next month.

“Yes, we are giving hikes this October. It will happen across the board,” Infosys group HR head Nandita Gurjar told ET NOW over phone from Poland on Tuesday. She did not say what the extent of the salary increase would be.
India’s largest software company TCS, third-ranked Wipro, as well as Cognizant and HCL, have already announced a return to salary hikes and their ranks have been joined by smaller rivals such as MphasiS-EDS, Sonata Software and Symphony Services.

Som Mittal, president of software industry grouping Nasscom, said IT services providers have been winning large deals in recent months and investments in new markets are beginning to pay off, driving the revival.“The downturn has been severe but the industry has worked to see that the impact is minimal. They have done well in the first quarter. This is a people-led industry, so lot of companies are selectively rewarding employees who have worked hard,” he observed.

Infosys’ Ms Gurjar said the company decided to skip the promotion cycle in April this year as employee utilisation and billing rates were low. But a sharp rise in utilisation rates since made it decide to reward staff.

While improved demand and natural attrition have pushed up the utilisation rate at Infosys, operating margins are also seen well ahead of its target of 30%. Infosys’ wage bill is estimated at 45-46% of sales, and the company has projected that FY10 revenue will grow by 3.1-4.6% to $4.45-4.52 billion.

Nasscom has projected that the $60-billion IT services industry, which employs about 2.5 million, will grow by just 4-7% this Read more…

Jobs Editor CMDN Hot Jobs, CMDNHotJobs.com, Career , , ,