Best time to hire for India Inc: Deloitte
Even as companies worldwide resort to lay offs or freeze hiring as part of cost-saving measures to counter the economic slowdown, Deloitte consulting believes
The current turbulence actually presents India Inc with its best opportunity to enroll good people in their organization. There’s a lot of talent available in the market now and companies can indulge in cherry-picking. Most important salary expectations are presently reasonable and jumping jobs will also not be on the top of a potential employee’s mind for a year.
Source: 11Dec’08 Times Business

Govt Plans To Spend Rs 25, 000 Crore To Boost Growth & Create Jobs
The government is planning to spend up to Rs 25,000 crore on infrastructure and the employment guarantee programme to augment growth and create jobs for people who might lose their jobs because of the global economic crisis. “The main concern of the government is to carve out savings from existing schemes and programmes and divert this money into spending that would create jobs for unskilled, semi-skilled and skilled workers… this can be called our version of the Roosevelt New Deal plan,” an official said.
Source: 10 Nov' 08 The Telegraph

No Job Losses In BPOs
The Business Process Industry Association of India has given out a positive employment outlook for BPOs. It has said that firms would hire more people despite problems in the US and other developed economies. Association president Mr Deepak Ohlyan claimed that the sector has no plans for job cuts and it will continue to contribute around 2.5 per cent to India’s GDP. There was a flutter in the industry after former association president Mr Samir Chopra had said that there would be over 2.5 lakh job losses in the industry. Nasscom has also come out with a statement rejecting the negative outlook portrayed by the association.
Source: 10 Dec' 08 www.telegraphindia.com

HR Head At The India Today Group Resigns
Ms Geetanjali Pandit Gupta, Corporate Head - Human Resources, at the India Today Group, has resigned from her position. She has been with the group for the past three years. Prior to joining the India Today Group, she was with EIH, the Oberoi Group, in the Corporate HR division as Assistant Vice-President.
Source: 11 Dec' 08 www.exchange4media.com

50, 000 Jobs Likely To Go in Financial Sector in 2009
Mr. Brian Sullivan, Chief Executive Officer of search firm, CT Partners said that the bloodletting in the financial-services will accelerate in the coming months, with job cuts doubling to about 3, 50, 000 worldwide by mid 2009. Reductions on that scale would be equivalent to 20 percent of the global workforce at financial companies before the credit crisis began, he added. CT Partners is shifting headhunters from banking to industries such as pharmaceuticals and clean energy as demand for finance professionals dries up.
Source: 22 Nov' 08 Hindustan Times

Max New York Life India to Add More Staff to its Portfolio
Max New York Life Insurance is planning to hire around 14,000 employees and 30,000 agents in the current fiscal, at a time when many global companies are slashing jobs to cut costs amid the slowdown. Ruling out any retrenchment plans in the wake of economic slowdown, senior director of Max New York Life Insurance, Mr. Anil Mehta said, "Though the economic condition is not perfect globally, we have no plans to lay off any employee as we always took cost efficient measures."
Source: 18 Nov' 08 yahoo.com

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