A pioneering artificial intelligence program that started getting deployed around mid-2016 has helped Wipro Ltd reduce its employee numbers by 12,000 people, the company said in its recent quarterly update. “The HOLMES platform generated productivity worth over 12,000 people,” Saurabh Govil, head of human resources for the company, said. The statistic points to a stronger-than-expected […]
Wipro Ltd, one of India’s top employers, refused to confirm the exact number of people that it was laying off as part of its annual appraisal process. “It is part of the internal appraisal process,” company officials said, refusing to go into further details. The media had reported that the company was laying off around […]
Indian IT companies are bound to see “some laying off” of their work force back home due to various negative forces impacting the industry, Assocham — an association of various industries — warned. “With the US tightening the norms for H-1B visas under the President Donald Trump’s ‘Buy American, Hire American’ campaign, the Indian IT […]
Employees of Wipro Ltd are nervous as the information technology giant has kicked off its annual appraisal process this month. The first of the several reviews, known as L1 or level 1, has been completed, and at least some employees are feeling the pressure. “I’ve got to know that I have been marked as NI […]
Despite setbacks and opposition from both state governments and the judiciary, the central government is not ready to give up the proposal to set up an all India service for recruitment of judges modeled on the Indian Administrative Service and the Indian Police Service. The idea was officially endorsed five years ago when a committee […]
Forum for IT Employees or FITE, a web-based IT workers’ collective, has urged employees of Cognizant Technology Solutions not to resign voluntarily if asked by the company’s human resources department. “If the employee resigns his/her job, a month’s salary or three months’ salary should be paid as specified in his/her offer letter. However, if the […]
The Department of Telecom has lifted its freeze over the recruitment of 2,700 junior engineers into Bharat Sanchar Nigam Ltd, India’s state-owned telecom operator. The results of the recruitment exam, conducted in September last year, were put on hold in December after the Department of Telecom received complaints about the conduct of the exam from several […]
Tata Consultancy Services, the largest Indian-owned outsourcing company, said it is able to manage with 75% less new visas this year as it has changed its business and recruitment models in recent years. It also said that outsourcing was key to protecting US jobs, and is not the villain as portrayed. The statement from Rajesh […]
BSNL Chairman and Managing Director Anupam Shrivastava said the recruitment of Junior Engineers (JEs) into the telecom company has been frozen by the Department of Telecom on the basis of complaints. “It is being held up by the Department of Telecom… due to complaints,” Shrivastava said in response to questions by candidates who have qualified […]
The industry has welcomed the move by the government led by Narendra Modi to extend support to the made-ups export industry and said it would help the sector break out of its current slump. The cabinet had yesterday included the made-ups sector in the Rs 6,000-cr apparel package unveiled in June this year. Made-ups include […]
A new study by the Exim Bank has found that around 15% of the total jobs in India are related to India’s exports sector, including both IT, BPO and material goods such as garments. The total number of jobs supported by aggregate Indian exports increased from about 34 million in 1999-00 to 62.6 million in […]
Bookmychotu.com, which providers helpers and handymen for various household and other chores, is now offering to send people to stand in queues in front of ATMs at Rs 90 per hour. An eight-hour shift for a ‘chotu’ costs Rs 550, or Rs 69 per hour. “Are you short of cash? Need a Helper to stand […]
Hiring activity fell 8% October this year compared to the same month a year ago, according to Naukri.com’s Job Speak Index. This dip was primarily caused by the festive season which saw Dussehra, Durga Pooja and Diwali fall in October, the company said. “Hiring activity generally tends to slow down around these festivals as recruiters […]
Naukri.com, one of India’s leading job sites, said that hiring increased by 10.2% in August as compared to last year, contributed by over 40% hiring growth in Banking and Insurance industry. Banking and financial industry experienced a growth of 42% whereas the insurance industry witnessed 49% growth during the same period, said the company. Real Estate as […]
Government has notified National Apprenticeship Promotion Scheme, a first of its kind to offer financial incentives to employers for training apprentices. The Scheme has an outlay of Rs. 10,000 crore with a target of 50 Lakh apprentices to be trained by 2019-20. 25% of the prescribed stipend payable to an apprentice would be reimbursed to […]
An uptick in the job market in the second half of 2016 is the key sentiment that has emerged from Naukri’s Hiring Outlook survey 2016, conducted among 1300 recruiters and consultants representing more than 20 industries. According to the survey, 77% of the recruiters predict that new jobs would be created in the coming months, […]
Employees of associate banks will get only 15 days to decide whether to accept a new job with the State Bank of India or opt for voluntary retirement via an ‘option letter’ that will given to them as part of the merger of India’s largest bank with its four associates. The terms and conditions regarding […]
Canada-based software company SOTI said it will invest $12 mln and add 300 jobs in India over the next two years. The majority of the new positions would be in engineering and software development roles, it said. SOTI is a provider of enterprise mobility management and Bring Your Own Device solutions. The company, which has most […]
The Naukri Job Speak Index reported a jump of 27% in hiring activity in May this year compared to last year. “Sustained growth in IT-Software and ITES during the year led to an impressive hiring sentiment for these sectors. On the other hand, Telecom and Real Estate reported a negative sentiment in Y-o-Y index for […]
Idea Cellular CEO Himanshu Kapania will be one of the highest paid executives in India after his reappointment for five years starting April next year. According to the plans disclosed by the company, Kapania will be offered the following terms. A basic pay of Rs 12.9 lakhs plus a special allowance of 14.8 lakhs, coming […]
