Category — Human Resources
The 18th edition of the Antal Global Snapshot from international recruitment firm, Antal International, found that that job prospects for managers and professionals are continuing to improve globally, and in India, the percentage of companies currently hiring stands at 63%, a 10% rise year-on-year, says Economic Times.
Current hiring sectors are:
- Accounting 79%
- Education 78%
- E-commerce 74%
- SSC/BPO 73%
- IT 67%
- Banking 65%
- Pharma 62%
- FMCG 60%
In the next quarter the following sectors show positive hiring trends:
- ICT Hardware 83%
- Electronics 75%
- Accounting 74%
- E-commerce 71%
- SSC/BPO 69%
- Marketing Advertising 68%
Joseph Devasia, managing director of Antal International, India said, “The 18th Antal Global Snapshot, which discovers hiring trends across global markets shows that in India, consumer-focused industries led by e-commerce companies (74% of those surveyed) are leading the hiring march, and will continue to do so in the next quarter too. However Education, Pharma, ITES and Consumer Electronics also have showed strong growth and hiring outlooks remain high.”
November 25, 2015 No Comments
India is the world’s biggest untapped shopping market says the Wall Street Journal, as it traces one online order and its delivery on a 1200 mile journey from Surat in the western state of Gujarat where the garment was manufactured to Madurai in the eastern state of Chennai where the customer was located. The journey—about the same distance as New York to Kansas—involved at least 30 people, two overnight truck journeys and a long-haul flight!
Ms. Rajamansingh orders a $3.06 sari on an e-commerce site Shopclues.com where around 80,000 products are ordered daily. However, that figure can shoot up to 240,000 on Sunday sale days. Shopclues receives 70% of its orders from outside India’s metros (such as New Delhi and Mumbai) mainly from Tier II and III smaller cities and towns.
Fabdeal, the manufacturer of the sari, ships the parcel from Surat to a warehouse in Bhiwandi on the outskirts of Mumbai. Transporting by road has its challenges of negotiating poorly maintained roads in various parts of the country, coupled with the flooding caused by rain in the monsoon seasons.
Distance: 162.4 miles
Cost: $ 0.11
Time: 8:30 hours (compared to about two-and-a-half hours for a similar distance drive from Washington, D.C. to Philadelphia.)
From the warehouse in Bhiwandi the packet is transported to the airport in Mumbai.
Distance: 41 miles
Time: 4:17 hours
Most online orders travel on commercial flights and delays are common due to space constraints in the hold, as also because of packets being rejected if the airline staff suspect prohibited items such as batteries in the package. For e-commerce companies, the difference between profit and loss is often whether a package travels by air or by road.
Ms. Rajamansingh’s sari then flew a day late from Mumbai Airport to Chennai Airport since it missed catching the earlier flight.
Distance: 643 miles
Cost: $0.33 (half the total shipping cost)
Time: 4:47 hours
The package arrived late in the evening in Chennai and it missed the single, daily truck that plies between Chennai and cities farther south such as Madurai.
Distance: 292.6 miles
Time: 10:40 hours
The last lap from the city of Madurai to Ms. Rajamanshingh’s door was completed by a man on a motorcycle
Time: 20 minutes
Distance: 1159.5 miles
Delivery Cost: $0.70
Modes of transport: Three
Time in transit: 32 hours 25 minutes
Total time: Two days, 19 hours, 6 minutes
Fabdeal, the company featured in this story is one of many companies that has benefited from the boom in online sales. Before it began its e-commerce business in 2012, sales grew 10%-15% a year, now they are growing by 50% a year.
November 10, 2015 No Comments
With the North America head Umang Vora parting ways with the Hyderabad-based drug maker, Alok Sonig has been appointed to replace him. Sonig had worked for Bristol-Meyers to drive its commercial excellence and business model innovation functions at Princeton, New Jersey, before moving to Dr. Reddy’s. Currently he is responsible for the Indian market and is a member of the management council at the company. Economic Times reports that Sonig’s position will be handled by M.V. Ramana, who currently heads the emerging markets business.
September 3, 2015 No Comments
Philadelphia-based CDI Corporation announced a definitive agreement to acquire ScaleneWorks People Solutions LLP, a privately held company headquartered in Bangalore, India that provides talent acquisition solutions. The financial terms of the transaction were not disclosed. The closing of the deal is subject to certain conditions, including regulatory approval by Indian authorities, and the acquisition is expected to be immediately accretive to adjusted earnings when completed, but not material to current year financial performance, reports CNN Money.
“The acquisition of ScaleneWorks represents an important step in our plan to expand selectively our footprint to high growth markets and offer new and existing clients additional value-added services,” said David Arkless, executive vice president and president of CDI International.
August 15, 2015 No Comments
Speaking at an event in Bangalore in January to promote the development of human resources in the aerospace sector, R K Tyagi, chairman of state-owned Hindustan Aeronautics Ltd., said India was facing a significant shortage in skills and it required an additional 1 million “skilled people” to meet growing demand in the sector, due in part to the commitment by the Indian government to manufacture military aircraft n India.
February 3, 2015 No Comments