Skill developmental platform, Information Technology Learning Hub (ITLH), is all set to expand its team by at least 100 employees by the end of this year. The Company is focussing on recruiting primarily across six departments – sales, marketing, quality analysis, learning experience, research and development (R&D), training and mentoring, as well as human resources. As part of the expansion plans, ITLH intends to expand its territorial reach to tier-1 cities and focus more in the Middle East. It will accept more enrolments from cities such as Abu Dhabi, Qatar and Dubai. In fact, to empower industrial understanding and skills,…
Author: HRK News Bureau
Due to global chip shortage and impact of China’s COVID 19 lockdown, there has been a fall in production levels at automakers such as Toyota. In response to the suspension of production at Toyota and other automakers’ plants, Toyoda Gosei which makes air bags, brake hoses and radiator grills, has asked its employees in Japan to go on leave in June. Toyota is one of the top shareholders of Toyoda Gosei. The latter also supplies to other automakers, and employs about 6500 employees in Japan, excluding contract and dispatch workers. Another auto part supplier, Fine Sinter, which makes engines and…
Polygon, an easy-to-use decentralised Ethereum scaling platform, has hired Bhumika Srivastava as its global head of HR. She will play a crucial role in coming up with a robust HR strategy for the Company, which is planning to scale, expand and grow. Srivastava will also work to create a culture that ensures a fantastic employee experience and drive leadership-development plans. Showing complete faith in Srivastava’s “wealth of experience from her tenure at industry-leading Web2 organisations,” Sandeep Nailwal, co-founder, Polygon, feels she will make “a meaningful impact on our entire team” and “support our ambition to also be industry leaders in…
The prevailing uncertainties in the economy and global market have led to many companies pausing hiring. Intel is the latest to join the list. However, the Company intends to honour all the present job offers. Though hiring will slow down overall, Intel still plans to add 23,000 new hires over the next three months. The American multinational tech firm has put on hold all hiring in the client computing (CCG) division, according to Reuters. Once it assesses the situation and re-examines its priorities, it may resume part of the hiring after two weeks. This hiring pause is also part of…
Wells Fargo’s ‘diverse slate’ policy required the Bank to ensure that 50 per cent of the candidates that it interviewed — for roles with salaries of more than $100,000—belonged to ‘diverse’ backgrounds. That meant, primarily women and members of underrepresented communities. However, it was brought to light that many of these interviews, which were seemingly attempts at ensuring diversity and giving opportunities to women and people of colour, were conducted for posts that had already been filled. The employees who revealed this thought this was the financial services provider’s way of improving its scores in the area of diversity hiring.…
About 70 companies in the UK have become part of a trial, which may lead to the implementation of a four-day work week in the country. Even the universities of Cambridge and Oxford are participating in and helping coordinate this pilot project, which is spread over a period of six months. It is hoped that the productivity of the employees will remain the same even though they will be working for only four days instead of five. This pilot trial is probably the world’s biggest till date. The trial programme has witnessed participation from over 3,300 employees from about 30…
Having temporarily put aside its initial public offering (IPO) plans, Gurugram-based fintech company, Mobikwik is now working to raise funds to the tune of $100 Mn from various investors. The digital payments firm will use the funds to not just hire people but also to procure new business, in addition to enhancing its marketing strategies and plans. As per Bloomberg, the valuation of the funding round is yet to be revealed. Co-founded by Upasna Taku, CEO, Mobikwik, the Company had managed to obtain $20 million in funding from Abu Dhabi Investment Authority (ADIA) in June 2021, at a valuation of…
Recently, Elon Musk, CEO, Tesla, had expressed his concerns over the state of the economy, because of which he had announced his intention to trim his workforce by 10 per cent. While he hadn’t specified the need to downsize in China, specifically, Tesla in China has called off all hiring events scheduled for June 2022. About three online hiring events have been cancelled by Tesla, China, which manufactures over 50 per cent of the Company’s vehicles, globally, and accounts for about one fourth of the auto manufacturer’s revenue. With a two-month lockdown being imposed earlier this year, due to the…
Digital investment platform, Syfe has appointed Saurabh Seth as its head of talent acquisition in India. His appointment is part of Syfe’s plans to grow its team in the country. In 2021, the Company had tripled its strength and plans to continue growing its team in 2022 too. Currently focussed on building its wealth management and online brokerage offerings used by customers across Asia, the Singapore-headquartered Syfe already has an 80-member team working out of its tech hub in India. Backed by more than 15 years of experience in technical recruiting, Seth moves from Cabernet Consulting, where he was associate…
The trend of letting go employees continues in the startup space. Some employees from India working for the Indonesia-based startup, Lummo, have been asked to leave as per media reports. The Company states that only a single digit number of employees have been affected, who were working on contract with external IT services companies. The Company has stated that it is working with the team members who have been impacted to find them alternative roles via its network or place them in other firms. The less than three-year old startup that focuses on small and medium enterprises has decided to…
By end of 2022, Mphasis hopes to hire 300 people for its new delivery centre at Calgary, Alberta in Canada. The IT services major that offers cloud services and secure communications support, aims to create 1,000 technology jobs in the region by 2024. The Company, which already has a 37,000-strong global workforce, had revealed its plans to invest in Calgary in 2021 and help it make a technology hub, in collaboration with the local government and the University of Calgary. With offices in Costa Rica, Taiwan, New York, Mexico and Bangalore, Mphasis, claims to have earned revenues to the tune…
That India still has many educated unemployed youth is clear from the fact that 17 lakh youth applied for 3400 vacancies for talati minister in the state of Gujarat. The applicants included a significant number of graduates and postgraduates too, whereas the minimum qualification is Class 10. The responsibilities of a talati minister include tax collection, administrative work and creating reports pertaining to the gram panchayats. The talati ministers are also responsible for maintaining land records and collecting irrigation dues. The average salary of a talati minister is about Rs 19,950. Those who have at least passed their Class 10…
Techies prefer a hybrid model of work, even though they do value and miss the in-person informal interactions that were the highlight of the pre-pandemic full-time work-from-office model. Leaders and line managers can play a crucial role in ensuring success in the hybrid era. A whopping 70 per cent of techies would prefer a combination of remote and on-site working, if given a choice. About 25 per cent would prefer working remotely full time, while a mere five per cent are open to working from office full time. These are the insights from the NASSCOM-BCG Future of Work report study…
There is good news for those seeking jobs in various domains including sales, marketing, engineering, technology, business strategy and people and facilities. Google’s Mumbai campus is looking for talent and has posted 87 openings on its official website, while 160 jobs are available at Hyderabad. There are 47 openings in sales, service and support, seven in business strategy, 37 in engineering and technology, seven in marketing and communications and one each in people and facilities at Mumbai. The official website highlights the fact that Google believes in offering equal opportunities and is an “affirmative action employer”. Google upholds its commitment…
Central government employees who acquire additional and higher qualifications after joining service are eligible for a one-time lump sum incentive. This amount usually ranges from Rs 2000 to Rs 10,000, as per the 7th Central Pay Commission and as stated in a 2019 office memorandum of the Department of Personnel & Training. However, those who acquire additional / higher qualification such as a PhD can get up to Rs 30,000. In 2019, the Centre had superseded all prevalent memorandums, orders and rules pertaining to this one-time incentive granted for obtaining additional higher qualifications and said that the incentive would only…
Pratima Deka, wife of an irrigation department employee who passed away about six years ago, had filed a plea saying that she was eligible for family pension post her husband’s death, for herself and her three children. However, her plea was contested by Golapi Deka, who happens to be the deceased Biren Deka’s first wife. The Gauhati High court observed that since the Hindu Marriage Act does not accept bigamy, the second wife cannot be recognised, and therefore, she cannot claim pension. The deceased employee was a Hindu and so are his wives. The High Court pointed out that as…
Bharti AXA, a joint venture between Bharti Enterprises and AXA, has elevated Dhanashree Thakkar to the position of head- HR. In this new role, Thakkar will manage talent, employee engagement, performance and compensation and benefits. Having joined Bharti AXA in 2020, Thakkar was the VP-HR at Bharti AXA and lead the diversity and inclusion (D&I) agenda across the board. Thakkar’s predecessor, Jai Balan, will move on from Bharti AXA by the end of June. Till then, he will complete the transition process. Backed by close to two decades of experience in HR, Thakkar started her career with Mahindra & Mahindra as…
KPIT, a company that specialises in embedded software, artificial intelligence (AI) and digital solutions, has appointed Shashwat K. Mitra as head of human resources. An alumnus of XLRI Jamshedpur, Mitra has also served as a part-time guest faculty at XLRI for a few PGDM(HRM) and AHRD courses last year. Mitra began his career with Mahindra Rise, where he joined in 2007 as a graduate engineering trainee working for XUV500 Powertrain integration. Within 10 months, he became lead for the engine design team. After over three years in this position, he went on to become assistant manager – HR, involved in…
In response to a request from the Kerala State Road Transport Corporation (KSRTC) for Rs 65 crore to disburse the pending salaries of employees, the Finance Department of Kerala state has granted Rs 30 crore to KSRTC. This is in addition to the amount of Rs 30 crore granted in May, which at the time was insufficient to clear all of the pending salaries. However, there is no information yet on when or whether the remaining amount will be given or approved. The employee unions had threatened a stir if they failed to receive their pending salaries by the 5th…
For the first time in about 40 years, the Centre has brought the interest rate of the employees’ provident fund (EPF) down to 8.1 per cent. In the year 2020-21, it was 8.5 per cent. The decision will affect about five crore subscribers of the Employees’ Provident Fund Organisation (EPFO), who will receive 8.1 per cent interest for 2021-22 in their accounts. An order to this effect was issued on 03 June, 2022. The interest rate has never been this low ever since 1977-78, when it was eight per cent. In March 2021, the Central Board of Trustees (CBT) had…
Citigroup, the US-based bank, has inaugurated one Citi Solution Centre each at Chennai and Pune as part of its efforts to expand its network of solution centres, and improve service capacity. At least 4,000 seats will be added via these centres. The move indicates that Citi is gearing up to hire quality talent to be part of its growth journey and commitment to ensure efficiency as it tries to digitalise most of its customers’ experiences. The Bank already has similar centres in Bengaluru and Mumbai. The new centres are in keeping with the specifications of Leadership in Energy and Environmental…
E-commerce website, Myntra has announced that it will create several job opportunities in the 16th edition of its End of Reason Sale (EORS) by the end of June 2022. The biannual sale will be held between 11-16 June, 2022, the Company stated. According to the reports, Myntra will offer jobs to more than 2,000 women and over 300 differently-abled workers, who will be fulfilling roles at its various departments, such as sorting, grading and packing across major metropolitan cities such as Bengaluru, Mumbai, Delhi and Kolkata. Myntra’s customer-support service has been scaled up by more than 1,400 executives, who will…
High attrition rates, large-scale resignations, and the challenges of finding the perfect cultural fit in the current talent scenario have made the acquisition of talent a difficult proposition for HR executives, across companies and industries. Given the competitive labour market, reliance on referrals from existing employees within a company has increased. According to a research by Dr John Sullivan, 88 per cent employers feel that referrals are the best way to acquire above average talent. However, accountability and integrity of the professionals who are taken onboard through referrals can still be suspect sometimes. The primary reason behind this could be…
A study by the Wall Street Journal has revealed that the medium average salary of employees at 25 top US companies exceeded $100,000 in 2021. Not really surprising, since the median employee at Alphabet, Google’s parent, earned $295,884 in 2021, while the median worker at Meta, parent of Facebook, earned about $292,785 in 2021. That means, a hike of eight per cent and 11 per cent, respectively. The median employee at Twitter took home $232, 626 in 2021, up by 13 per cent compared to 2020. At Netflix, the median worker earned $201,743 in 2021. Clearly, most companies in the…
As per the media speculations and reports, it is being said that Dearness Allowance of more than one lakh Central government employees will see an increase by five per cent starting July, 2022. Earlier, it was expected that the DA may increase by four per cent. However, there has been a boost in the crucial All India Consumer Price Index for Industrial workers (AICPI), which is referred to while deciding the DA increase that happens twice every year — first for the month of January to March and then, from July to December. In the month of December 2021, the…
The Ministry of Labour and Employment had called Infosys for a joint meeting on three occasions, but no representative of the company appeared for the same. However, now, Infosys has replied to the Centre on the matter of non-compete clause for which it has been grabbing headlines. In a letter dated 24 May, Santosh Nair, AVP, HRD, Infosys, has replied to the summons of the Centre in written. HRKatha has access to a copy of the same. In the letter, Nair states that the non-compete clause is meant for maintaining confidentiality of their clients. “As you may know, as part…