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TCS Ranked Top Recruiter in US For IT Sector, Hired 12500 People

24Jun By kriti singhNo Comments

News

TCS Ranked Top Recruiter in US For IT Sector, Hired 12500 People

Tata Consultancy Services (TCS) was ranked among the top two job creators in the US for the IT services sector over the past five years, according to a study. The countrys largest software exporter has recruited more than 12,500 US employees from 2012-2016, while it ranked first in terms of US employee growth during that period, at 57 per cent, said the study by The Cambridge Group. The company has had a presence in the US for more than four decades, and the ranking in The Cambridge Group report reflects the IT giants ongoing level of investment in the worlds largest economy, the study explained. The Mumbai-headquartered exporter has invested nearly USD 3 billion in the US over the past three years, in terms of employment, new innovation labs, extensive nationwide STEM education p...

Uber Fired Asia Pacific Head For Secretly Collecting Data of Rape Victim

8Jun By RishabhNo Comments

News

Uber Fired Asia Pacific Head For Secretly Collecting Data of Rape Victim

Ride-hailing company Uber has fired a top executive who had allegedly obtained medical records of a 26-year-old woman raped by an Uber driver in India in 2014, according to a media report. Eric Alexander, the president of business in the Asia Pacific, was fired on Tuesday, just as the company announced that it had fired 20 employees over the last few months for harassment, discrimination and inappropriate behaviour. Alexander had obtained the medical records of the woman, who was raped and assaulted by Uber driver Shiv Kumar Yadav in New Delhi in December 2014, a report in the technology news website Recode said. The report quoted sources as saying Alexander had showed the medical records to "Uber CEO Travis Kalanick and Senior Vice-President Emil Michael". Further, numerous execut...

Uber Fires 20 Employees After Harassment Probe

7Jun By reutersNo Comments

News

Uber Fires 20 Employees After Harassment Probe

Uber Technologies Inc said on Tuesday it fired 20 employees and was improving management training following an investigation by a law firm into sexual harassment allegations and other claims at the ride-hailing company. Uber fired the staff following a report by law firm Perkins Coie, which Uber hired to look into claims of harassment, discrimination, bullying and other employee concerns. The law firm has been working in parallel with a broader investigation by former U.S. Attorney General Eric Holder into company culture and practices. Perkins Coie investigated 215 staff complaints going back as far as 2012, Uber said, taking action in 58 cases and no action on 100 more. Other investigations are continuing. Of the 215 claims, Uber said 54 were related to discrimination, 47 rel...

75% Employers Not Comfortable With Work-From-Home Option

24May By Press Trust of IndiaNo Comments

ANALYSIS

75% Employers Not Comfortable With Work-From-Home Option

While a whopping share of 90 per cent employees say they want a work from home option, 75 per cent of employers are not comfortable with the idea, said a recent study. "Nearly 60 per cent organisations do not have a formal work-from-home policy. Incidentally, 75 per cent employers are not even comfortable with the idea, whereas 90 per cent employees are keen on having such a policy at work," according to a study carried out by job portal, TimesJobs. The study was conducted with a sample size of over 1,100 employees and nearly 800 employers. "To survive in todays competitive business world, companies need to transform from a command and control culture to an empower and enhance value system. Organisations that are able to create a culture that nurtures agile, high-performance teams...

Flipkart Named Most Sought After Employer in LinkedIn India Survey

18May By Press Trust of IndiaNo Comments

ANALYSIS

Flipkart Named Most Sought After Employer in LinkedIn India Survey

Flipkart has been named the top employer followed by Amazon and KPMG India in the second and third place respectively, according to a list compiled by internet professional network LinkedIn. Others in the top 10 of LinkedIn Indias most sought- after employers list include One97 Communications at the fourth place, Ola (5th), HCL Technologies (6th), Adobe (7th), Alphabet (8th), OYO Rooms (9th) and Reliance Industries at the 10th place. The list of 25 top companies in India also saw over 30 per cent of new entrants, namely One97 Communications, Tech Mahindra (14th), Swiggy (15th), IDFC Bank (17th), Vodafone (20th), Grofers (22nd), McKinsey & Company (24th) and Oracle (25th). Among the companies showing significant improvement in the list include Ola from last years 10th rank to 5...

TCS Hired 11,500 People in Offshore Markets in FY17

23Apr By Press Trust of IndiaNo Comments

News

TCS Hired 11,500 People in Offshore Markets in FY17

Tata Consultancy Services (TCS) recruited over 11,500 people outside India during 2016-17, including graduates from engineering and B-schools in the US, as it ramps up local hiring in offshore markets to tackle visa-related challenges. The country's largest software services firm added 79,000 employees (gross) and 33,380 employees (net), taking its employee base to 3.87 lakh at the end of March. Hiring locals in overseas markets often pushes up operational costs for IT outsourcing companies. However, with the governments in markets like the US, Australia and New Zealand tightening their work visa norms, Indian IT companies are hiring more local talents in offshore markets to ensure compliance with rules. "Our local hiring programmes in various geographies are progressing well. ...

Wipro Fired 600 Employees Post Performance Appraisal

20Apr By Press Trust of IndiaNo Comments

News

Wipro Fired 600 Employees Post Performance Appraisal

The country’s third largest software services firm Wipro is learnt to have fired hundreds of employees as part of its annual “performance appraisal”. According to sources, Wipro has shown the door to about 600 employees, while speculation was rife that the number could go as high as 2,000. At the end of December 2016, the Bengaluru-based company had over 1.79 lakh employees. When contacted, Wipro said it undertakes a “rigorous performance appraisal process” on a regular basis to align its workforce with business objectives, strategic priorities of the company, and client requirements. “The performance appraisal may also lead to the separation of some employees from the company and these numbers vary from year to year,” it added. The company, however, did not comment on the number ...

10 Questions of Workmen Compensation Insurance Answered

5Apr By RishabhNo Comments

ANALYSIS

10 Questions of Workmen Compensation Insurance Answered

Source: "Infographic created by SecureNow"

Under Pressure, India’s Snapdeal Woos Staff With Promises of Profit

5Apr By reutersNo Comments

News

Under Pressure, India’s Snapdeal Woos Staff With Promises of Profit

Seeking to calm employees rattled by reports of a cash crunch, the founders of Indian online retailer Snapdeal have gone directly to them with a string of townhall meetings in past weeks, according to sources, promising profit and brushing off takeover talk. The sources, familiar with the group, declined to be named as the meetings were not public. Like most e-commerce players in India, Snapdeal is burning cash to sustain discounts - and keep customers - in a cut-throat online market. But as the number three player, it also is under growing pressure from investors and its own employees to consider its bottom line, as well as market share. One of the sources said there had been at least five townhalls in recent weeks, with founders Kunal Bahl and Rohit Bansal delivering motivationa...

LeEco Says Not Exiting India But Confirms 85% Layoffs

4Mar By PriyankaNo Comments

News

LeEco Says Not Exiting India But Confirms 85% Layoffs

Chinese handset maker LeEco today refuted reports of winding up its India operations but admitted that it has undertaken an "optimisation exercise" in the world's second largest smartphone market. "India is one of the most strategic markets for LeEco and hence no exit plan... (the company) has recalibrated and reimagined its business in India since last year and taken a number of steps to ensure that the scale of operations is in sync with resources," LeEco India said in a statement. Reports said the company has laid off 85 per cent of its staff in India and may shut its operations here. Top executives Atul Jain (COO smart electronics business) and Debashish Ghosh (COO Internet applications, services and content) have also reportedly quit. "As LeEco India transits to a more...

6Jan By reutersNo Comments

CHINA

China’s ZTE to Slash About 3,000 Jobs: Sources

Chinese telecom equipment maker ZTE, which is facing US trade sanctions that could severely disrupt its supply chain, is slashing about 3,000 jobs, including a fifth of positions in its struggling handset business in China, company sources said. The sources said the Shenzhen-based company, one of the world's biggest telecoms gear makers, is axing about 5 percent of its 60,000 global workforce. Its global handset operations will shed 600 jobs, or 10 percent of the total, with the cuts concentrated in China, where it has been losing market share. "Cuts in the handset business in China will be beyond 20 percent," said a senior executive who has been briefed on the lay-offs, which are scheduled to be completed within the first quarter. A local manager in one of the company's overse...

How You Can Insure Directors and Officers Liability in Workplace

29Nov By AdityaNo Comments

BLOGS

How You Can Insure Directors and Officers Liability in Workplace

Every company has managers, officers and directors who are vulnerable to external risks of claims incurred due to certain decisions undertaken in that position that may not go down well with the related parties relevant to the business. These related parties may include the vendors, customers, employees, contractors, and sub-contractors. Also, there are chances that the company or some of its directors may be duped for various reasons like misrepresentation of company assets, fraud, not following the work ethics or misrepresentation of funds or breach of contracts. How do you bear such costs that may go into saving the company's reputation in the long-run? For such a situation, a business organisation needs to avail Directors and Officers liability insurance policy. The top managers...