Weekly Roundup (Jan 20-25): News you cannot miss
Hiring news from across the spectrum and across geographies stole the spotlight this week. Starting from the 8,600 jobs that Haryana govt announced across all hierarchies, Federal Bank also announced plans to hire 3,000 across the next 3 years. The IT-major Wipro announced its plans to concentrate on women-centric hiring in the coming times, while companies across the industry have demonstrated intent for undergraduate hiring. The Big 4 has also announced bulk hiring plans with estimates of hiring 43,000 people in the coming times. There seems to be big push toward hiring non-IIM graduates too, with some of the biggest campus recruiting brands, like Goldman Sachs hiring graduates and post-graduates from non-IIM institutions. At the same time, global reports indicate that firing in firms have come down to half in recent times.
An interesting research study was released by Monster.com and the global research firm, Gfk revealing that most Indian employees consider their work as “just a job.” Indian workers rank fifth in the rankings of career minded workforces. The study also reveals that the younger generation is more career minded than the older generation.
Oil PSUs are in hot demand in the global employment market. After the oil ministry released a list of 5,000 executives, many executives from Indian Oil PSUs are being sought after by global oil majors owing the lack of specialised technical talent in this field.
Some key senior leader appointments were announced this week. Himanshu Kapania was named Director, Aditya Birla Management Corp., and Rajeev Vasudeva was announced the CEO of the global executive search firm, Egon Zehnder. He is the first Indian to be named the CEO of a global executive search firm.