Latest Updates

The rise of the gig economy Globally, by 2020, 37 percent of organizations expect growth in contractors, 23 percent in freelancers, and 13 percent in gig workers. It is critical to successfully implement hybrid workforce strategies because they can have a significant impact on an organization's employment brand and external reputation. But are the organizations ready for this change? 57 percent of the organizations globally use non-traditional employees either in an ad-hoc or systematic manner.In India, this percentage goes up to 68 percent. 39 percent of the organizations globally do not have mechanisms for managing the performance of non-traditional employees.

Source: People Matters

Samosa enhances "Brand India" in the UK A National Samosa Week is to be organised from April 9 to 13, 2018 in the United Kingdom with six cities --Leicester, Birmingham, Manchester, Coventry, Nottingham and Radlett-- taking the lead in hosting this scrumptious festival. Pop-ups of popular samosa shops, samosa eating contests, best samosa awards, new samosa recipes and samosa variants are expected to make the National Samosa Week a fun-filled and delicious promotion of Brand India in the UK.

Source: Campaign India

Meet the Russian robot that's hiring humans Robot Vera is aiding Stafory by conducting recruitments for its around 300 clients which includes names like furniture maker Ikea, PepsiCo, and L’Oréal.To empower Vera speak naturally and understand candidate's response, engineers have combined speech recognition technologies. Robot Vera can make hundreds of calls simultaneously and interviews candidates via calls or video chat.

Source: The Economic Times

MP to create 1 lakh govt jobs, abolish contractual employment Madhya Pradecsh Chief Minister Shivraj Singh Chouhan said today his government would create one lakh jobs in various departments and abolish the contractual employment system soon. "The contractual employment system is unjust. And it is going to be abolished (in government departments)," he told representatives of employees' unions who had called on him at his residence in Bhopal. 

Source: The Economic Times

Vodafone India and Idea Cellular Ltd, which are in the process of a merger, on Thursday outlined the key leadership team which will head the merged entity. Kumar Mangalam Birla will be the non-executive chairman of the Vodafone-Idea combine. Balesh Sharma, who is currently the chief operating officer (COO) of Vodafone India, has been as the chief executive officer (CEO) of the merged entity. Akshaya Moondra, currently chief financial officer at Idea Cellular, will be the CFO and Ambrish Jain, currently deputy managing director at Idea, will take over as COO of the merged entity, a statement from Vodafone Group Plc said. Both Moondra and Jain will report to Balesh Sharma, who will be responsible for the combined business’s strategy and its execution as well as driving integration.

Source: Livemint

India is the world’s fourth largest source of data scientists and is well poised to feed into the “hottest” area for job creation — data science, BioconBSE -1.39 % chairperson Kiran Mazumdar-Shaw said.Speaking at The Economic Times’ India Leadership Council (ILC) roundtable on ‘Creating an Incisive Intellectual Property (IP) for Value Creation’ recently, Mazumdar-Shaw pointed out that in India, Bengaluru had the largest number of data scientists and said: “Though there are umpteen number of jobs, we are doing it in a very ad hoc way.”

Source: The Economic Times

NASSCOM Partners With BRI To Fuel Blockchain Adoption In India As part of its ongoing efforts to develop and nurture an ecosystem for emerging technologies, The National Association of Software and Services Companies (NASSCOM) signed a MoU with Blockchain Research Institute (BRI), Canada, on the sidelines of the WCIT 2018.

Source: INC 42

Banking on four wheels Bank manager Juergen Schaller never expected to end up getting a trucker's license and driving 20,000 kilometers (12,400 miles) per year. But as brick-and-mortar branches vanish from the rolling Franconia region of northern Bavaria, the neatly dressed savings bank executive jumps behind the wheel four days a week to bring mobile services including cash machine and consultation room to tiny countryside villages.

Source: The Economic Times

Aon's 22nd Annual India Salary Increase Survey for the year 2018 has projected the average pay hike for India Inc. to be 9.4 percent. This projected increase in salary for this year is similar to the percentage increase witnessed in 2017. Making a departure from the double-digit increments per companies in India gave an average pay increase of 9.3 percent during 2017. The projections for 2018 are also expected to be similar at 9.4% highlighting increasing prudence and maturity being displayed by companies while finalizing pay budgets. With the increasing pressure on compensation budgets, rationalization of budgets has become the focus for HR and organizations. What is being observed is that on one hand the pay increases for the top and senior management is consistently going down and on the other, the salary increases for top performers is growing. While a single-digit percentage growth is predicted overall, the top performers will be getting an average salary increase of 15.4%, approximately 1.9 times the pay increase for an average performer. Another interesting insight of the report is that the bell curve is sharpening with a significant drop in the percentage of people in the highest rating.

Source: People Matters

Moody's Investors Service today estimated that India will grow 7.6 percent in calendar year 2018 and 7.5 per cent in 2019, amid signs of economic recovery from impact of demonetisation and GST. "There are some signs that the Indian economy is starting to recover from the soft growth patch attributed to the negative impact of the demonetisation undertaken in 2016 and disruption related to last year's rollout of the Goods and Service Tax," it said.

Sorce: The Economic Times

HCL Tech looks to small towns to curb attrition, bring stability With an aim to stem attrition and bring more stability to its operations, the country’s fourth largest software services firm HCL Technologies has embarked upon a strategy to open large-scale centres in mini metrosof the country. In the last two years, the company has launched operations in Lucknow and Madurai.

Source: The Economic Times

Digital will be one-third of our revenues in 24 months: Rajesh Gopinathan, CEO, TCS Tata Consultancy ServicesBSE 0.05 % (TCS) will get about one-third of its revenues from digital technologies in the next 24 months, up from 22.1% at the end of December, as more clients scale their transformation projects. TCS CEO Rajesh Gopinathan , who completed a year at the helm of India’s largest IT services company, told ET’s Megha Mandavia, Jochelle Mendonca and Raghu Krishnan.

Source: The Economic Times

PNB fraud to shrink gems & jewellery sector by 16% The sheer scale of operations of Mehul Choksi group and Nirav Modi group would mean that their closure would have far reaching implications for the gems and jewellery industry. The absence of these two companies is expected to shrink turnover of the industry by 16 per cent and reduce diamond and jewellery trade by 5-6 per cent.

Source: The Economic Times

No layoffs, but top outsourcers see staff strength shrink for first time in 20 years
Cognizant, DXC Technology, Wipro and Tech Mahindra, which together employed 719,471 people on 1 January 2017, saw their workforce fall by 26,677 people to end the year with 692,794 people. Until 2017, not a single large IT outsourcing company has ever seen its headcount decline, and starting 1996, year after year, for more than two decades, all companies managed to keep adding to their workforce until the industry hit a perfect storm last year. Cognizant Technology Solutions Corp., DXC Technology Co., Wipro Ltd and Tech Mahindra Ltd have reported that their workforce has shrunk in 2017, an event that has no parallel in the two-decade history of the information technology industry in India.

Source: LiveMint

India is in support of the Recommendation pertaining to ‘The Employment and Decent Work for Peace and Resilience (No.205)’, adopted by ILO in 2015. Cabinet to put ILO recommendations into practice. The International Labour Organisation provides guidance to its member states, including India, on the measures to be taken to generate employment and decent work for the purposes of prevention, recovery, peace and resilience, with respect to crisis situations arising from conflicts and disasters. The Union Cabinet has given its approval for placing the new Instrument adopted by the International Labour Organisation (ILO) Recommendation concerning “The Employment and Decent Work for Peace and Resilience (No.205)” before the Parliament. The International Labour Conference of ILO at its 106th session held in Geneva in June, 2015 adopted the Recommendation, and India supported the same. The Recommendation also emphasises the need to ensure respect for all human rights and the rule of law, including respect for fundamental principles and rights at work and for International Labour Standards, in particular, those rights and principles relevant to employment and decent work. Each member state of ILO is required to submit the instruments so adopted, before the competent authority (the Parliament in case of India). The adoption and placing of the Instrument for the information of the Parliament does not create any immediate obligation. An ILO Recommendation is a non-binding instrument, which seeks to serve as a guiding principle for the national policy process.The Recommendation affirms the need to develop and strengthen measures of social protection, as a means of preventing crises, enabling recovery and building resilience. It states that Members should adopt a phased multi-track approach implementing coherent and comprehensive strategies for promoting peace, preventing crises, enabling recovery and building resilience. The approach should include promotion of local economic recovery for employment and decent work opportunities, as well as socio-economic reintegration, social protection and social inclusion, sustainable development, the creation of sustainable enterprises (in particular small and medium-sized enterprises); ensuring consultation and encouraging active participation of employers' and workers' organisations in planning, implementing and monitoring measures for recovery and resilience. The Recommendation No. 205 is applicable to all workers and jobseekers, and to all employers, in all sectors of the economy affected by crisis situations arising from conflicts and disasters. It is also applicable to workers engaged in crisis response, including those involved in immediate response.

Source: HR Katha

It will allow any employee across levels and functions to anonymously report any safety lapses.Indian Railways to get a whistleblower website for 14 lakh employees. Indian Railways can be compared to a small country. Its 14 lakh employees exceed the population of Bahrain or Mauritius. Managing such a large base of employees, spread across even the remotest parts of the country, can be a huge challenge. There could be a gateman sleeping on duty or a trackman not doing proper maintenance checks. The fact remains, that one small act of negligence can cost hundreds of lives. To handle this massive workforce, which will also improve the safety levels of passengers, the Indian Railways is all set to launch a whistleblower website for its employees. It will allow any employee across levels and functions to report any safety lapses without revealing their identity. Many a time employees refrain from reporting such incidents fearing backlash, which could cost their jobs.

Source: HR Katha

 

Audi India Flies with Jet Airways Boeing 737 Audi India yet again did it in style - the brand with the four rings gave wings to its #A5BratPack campaign through a distinctive brand activation with Jet Airways. Jet Airways' Boeing 737 airplane is being used as a perfect example of progressive Out-of-home (OOH) platform in the form of an 'Airplane Wrap' promoting the AudiA5 product line up, aimed at Audi prospects and customers boarding flights from multiple domestic locations.

Source: AdAge India, February 06, 2018

Government’s infrastructure projects, social welfare schemes may create 5 million jobs a year The government's infrastructure development projects and social welfare schemes can generate at least five million jobs every year, absorbing nearly half of the 10 million people who annually enter the country's workforce, an analysis of Budget data shows.

Source: The Economic Times, February 06, 2018

Adobe closes the gender pay gap in India As per the latest media report, Adobe after having closed the gender pay gap in the United States of America in 2017, and having stated that it would do so in India as well by early 2018, has now announced that it has achieved its goal.

Source: People Matters, January 31, 2018

Ingvar Kamprad, the man behind IKEA, dies at 91 IKEA founder Ingvar Kamprad, who turned a small-scale mail order business started on his family's farm into a furniture empire by letting customers piece together his simple and inexpensive furniture themselves, has died at age 91. Kamprad died on Saturday at his home in Smaland, in southern Sweden, the chain's Swedish unit, IKEA Sverige, said on Twitter on Sunday.

Source: The Economic Times, January 28, 2018

SBI to hire over 9000 in customer operationand sales Recruitment: Following the merger of the associate banks with itself and the subsequent reduction in the employee headcount by over 10,000 SBI is now recruiting and redeploying staff.

Source: People Matters, January 23, 2018

Digital payments may not be as pervasive as believed post demonetization Manick Baasha would hang his head in shame if he ever met Anna Durai and his 'Amazing Auto' on Chennai's Old Mahabalipuram Road. The epic role played by Rajinikanth, of a maverick autorickshaw driver-turned-gangster in Kollywood blockbuster Baasha, may not match Durai's ingenuity, or flair for some harmless showmanship. 

Source: The Economic Times, January 24, 2018

EPF interest rates likely to remain unchanged at 8.65% Compensation Benefits: The interest rates on employee provident fund will remain same as 2017 at 8.65 percent. For the extra 0.15 percent payout,the central government will dip into shares held by the EPFO.

Source: People Matters, January 22, 2018