Category Archives: Clippings

Job portals refine the game to surf the slump

Ruchi Hajela, Hindustan Times
New Delhi, May 11, 200

Job portals facing the heat of slowing recruitments are finding new tools and ways to tide over the economic slump, using both technology and alternative methods.

For instance, Naukri.com has enabled job-seekers to search for positions easily by building in a search function into Internet messenger applications like Google’s Gtalk. Applicants can also apply for jobs by simply text-messaging to a short-code the registration number of their resumes posted online.

The company has also launched a new site FirstNaukri.com to target recruiters eyeing entry-level jobseekers. “Campus hiring may be down now but we have launched this portal with a long term perspective,” Hitesh Oberoi, chief operating officer, Info Edge, which owns Naukri.com told Hindustan Times.

Consim Info-owned Clickjobs.com has introduced a pay-per contact revenue model where a headhunter pays only when he contacts a jobseeker against a subscription-based model where one has to pay upfront. “Hiring has slowed down overall and even recruitment budgets have reduced. We have launched this globally patented payment model and expect more employers and jobseekers to visit our site now,” said Murugavel Janakiraman, founder and chief executive officer, Consim Info Pvt Ltd.

Clickjobs.com has a revenue-share model with jobseekers under which it shares with a prospect 50 per cent of the money it gets from employers when they buy a CV. It has its own mechanism to assess CVs.

Shine.com, a part of HT Media Ltd, which publishes Hindustan Times, has introduced a ‘Shine Campus’ section where jobseekers can specifically hunt for jobs in universities.

ruchi.hajela@hindustantimes.com

 

 

 

Bid lower to get that post: portal turns jobs into tenders

Ruchi Hajela, Hindustan Times
Email Author
New Delhi, May 15, 2009

In a job market where opportunities are fewer than ever, it is now possible to auction jobs and get jobseekers to bid. Other things remaining comparable, the one who bids to work for the lowest pay gets the job.

Filip Narula, a 23-year-old student and part-time investment banker of Indian origin and his childhood friend Robert Hjelmberg, a year older, have founded http://www.GoJob.in, an India-specific Internet site on which anyone can post job vacancies free. The recruiter offers the maximum salary, and the lower bidder gets the job.

“This way recruiters will be able to tap the lowest bidder with the maximum experience,” Narual told Hindustan Times. Job portals have thus far let recruiters surf through resumes on the basis of qualifications and experience.

The founders of GoJob got the idea from US-based site http://www.Jobaphiles.com founded by four college students in March last year.

“It has been tough to handle the stress from school, work and at the same time start the company so we took a break from our studies to focus on building the site,” said Narula.

The site is yet to go live and the founders expect to generate revenue through banner advertisements. No deals have been finalised yet.

Recruiters, however, insist that such an idea may be limited to hiring for positions that demand low-skilled workers. “ Hiring is a serious business and such an auction process can only work for hiring unskilled resources,” said Ajeet Chauhan, vice-president, human resources and training, at food chain Nirulas, which has no connection with the founder of GoJob.

New Lucknow centre of TCS to employ 1,500

Ruchi Hajela, Hindustan Times
New Delhi, May 18,  2009

Tata Consultancy Services, the country’s largest software exporter, plans to almost triple its headcount at the newly inaugurated Lucknow centre in the next two years, the company’s chief executive officer and managing director S Ramadorai told reporters on Monday during the inauguration of the new centre in the UP state capital.

The facility at present employs 550 people and expects to employ 1500 workers over the next two years.

“Lucknow is an integral part of the TCS’ strategy to invest in Tier II cities and spread the IT revolution in the country. Lucknow has the potential to be a leader among the emerging IT destinations in India and it is this belief that has driven our strategy in this area,” Ramadorai said in a statement.

ruchi.hajela@hindusantimes.com

http://www.hindustantimes.com/business-news/new-lucknow-centre-of-tcs-to-employ-1-500/article1-412136.aspx

 

 

 

 

 

 

 

 

 

 

Accenture falls short of India hiring target

Ruchi Hajela, Hindustan Times
Email Author
New Delhi, May 17, 2009

The Indian arm of global IT consulting giant Accenture, which was hiring furiously to scale up operations, has fallen short of meeting its hiring targets in the country.
When he visited India last April, when Accenture’s India headcount was 37,000, the company’s chairman and chief executive officer William D Green had said that the country headcount would reach 50,000 in a year’s time.

But now, the count stands at 40,000, as much as 10,000 below the target – interrupted by a economic crisis that has resulted in companies scaling down hiring and customers applying the brakes on IT spending.

“Managing supply and demand of our resources remains a top priority in Accenture and we balance the skills of our workforce against client changing needs and to improve efficiency. We continue to recruit in skill areas where we need additional capacity to meet client demand,” an Accenture spokesperson said in response to HT’s query.

Last year, Dell also backtracked on its hiring plans for the country.

http://www.hindustantimes.com/business-news/sectorsbpos/accenture-falls-short-of-india-hiring-target/article1-411802.aspx

IT firms see low or flat salaries for 2 more years

Ruchi Hajela, Hindustan Times
New Delhi, March 08, 2009
Against expectations that the job market and compensation levels might begin to show signs of recovery by next year, senior executives in the country’s top information technology companies expect compensation levels to remain low over the next two- to three years. “The market is cold and there are fewer jobs, for the next two or three years, salaries will be low,” TV Mohandas Pai, member of the board and director of human resources at the nation’s second largest software exporter Infosys Technologies, told Hindustan Times.

The economic slowdown has adversely affected all sectors, including information technology, which relies heavily on demand in the West, especially the United States, which is India’s largest market.

“Good people will not be laid off but the key challenge is compensation,” Pai said.

Tata Consultancy Services, India’s largest software exporter which employs over 1,00,000 people, is also eyeing a scenario where wage hikes will not be significant. “We expect salaries to remain flat in financial year 2010 while demand for specific skill sets will drive salaries over the next two-three years,” a TCS spokesperson told Hindustan Times.

However, experts at staffing firms, interpreting industry statements, say IT companies probably do not want to set high expectations for their employees amidst uncertain economic conditions and that the job market might well improve by the end of the year. “We expect the market to improve by the end of the year and organisations probably do not want to raise their employees’ expectations,” said Rohit Ramani, director at staffing firm EmmayHR, part of the Dutch Randstad group.