 clipped from workforce.com
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Friday, February 29, 2008
Wachovia Takes HR Process Back From Hewitt - Workforce.com
Thursday, February 28, 2008
Top Job Boards Where Top Candidates Seek Career Oppurtunities
 clipped from www.interbiznet.com
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Wednesday, February 27, 2008
CitiGroup to cut 400 jobs
CitiGroup which was affected by the subprime crisis is planning to cut 400 employees in UK and job cuts in India to follow.
Text bits from Economic Times
Reeling under huge subprime-related losses, Citigroup is planning to axe close to 400 employees in its UK investment banking business, which it might soon follow with job cuts at other places including India, a report said.
"Citigroup is to cut about 400 of its investment banking staff in the UK as part of the US bank's plan to reduce the headcount by 4,200 globally," Financial Times reported.
"The remaining 3,800 of Citi's proposed cuts are likely to fall in its US consumer finance business, as well as in Asia and India," the report added.
To read the full story, Visit Economic Times
Monday, February 25, 2008
Good human resources will boost your company profits
Source: Personnel Today
This article appeared in Personnel Today. The article is about a research which shows that business with good HR practices enjoys high profits.
Find below the text clips from the article
People and the Bottom Line, an in-depth two-year study by the Work Foundation and the Institute for Employment Studies, tested a range of people management practices with almost 3,000 employers to assess their impact on organisational performance.
It found that businesses with good HR practices - from resourcing to employee engagement and skills development, enjoyed higher profit margins and productivity than those without. The study concluded that if an organisation increased its investment in HR by just 10% it would boost gross profits by £1,500 per employee per year.
Penny Tamkin, associate director of the Work Foundation and lead researcher on the project, told Personnel Today: "The report found that it was the intensity of the HR practice that makes a difference - for example, not just whether companies do employee engagement, but how much and how often."
Tamkin stressed there was no one-size-fits-all approach to investment in people management. However, she said the key to success was HR departments working closely with managers to achieve results.
To read the complete article, Visit Personnel Today Sphere: Related Content
Sunday, February 24, 2008
Monster Investigated for Data Security
Monster.com was hacked in 2007 that resulted in illegal downloading of contact information for job seekers.
The US Federal trade commission launched an investigation into security practices at Monster.com
Find below the text bits from WorkForce Management Online
Monster disclosed the probe in a filing with the U.S. Securities and Exchange Commission, and said the inquiry stemmed from a computer attack announced last year that resulted in the illegal downloading of contact information for 1.3 million job seekers.
“On October 29, 2007, the Company was requested to voluntarily provide information to the staff of the Federal Trade Commission in connection with a non public inquiry into certain information security practices of Monster.com,” Monster disclosed in an SEC filing. “The inquiry arises as a result of the attack.”
FTC investigations as a rule are nonpublic unless the firm under investigation acknowledges the probe. The agency in recent years has been going after companies with alleged failures related to the protection of sensitive consumer information. In a number of cases, organizations have settled FTC charges and agreed to new data security policies.
Monster’s admission of the FTC probe underscores concerns about possible identity theft and data breaches in the use of online job boards.
FTC spokeswoman Claudia Bourne Farrell confirmed that the agency had an open investigation of Monster under way last year. She declined to comment on whether the investigation has been closed.
To read the full story, Visit WorkForce Management Online Sphere: Related Content
Thursday, February 21, 2008
Capgemini plans to move internal support services to India - Economic Times
Source: Economic Times
The slowdown in US economy has begun to drive more outsourcing work India’s way. Capgemini, Europe’s largest consulting and computer services firm, has reduced hiring in the United States to ‘a bare minimum’, increased the portion of offshoring in its contracts there from 40% to 60% and is moving internal support services to India, a company official said.Sphere: Related Content
Six signs your new job is lousy - Source CNN.com
Source: CNN.com
Story Highlights
- You may land in a mess if you leap into a new job
- Sign of lousy job is that you get no training or orientation
- Every day, someone runs out of boss's office crying
Tuesday, February 19, 2008
Mphasis cuts 200 Jobs - Economic Times
Indian IT industry has started responding to US Economy Crisis. Following TCS, IBM & Yahoo! Mphasis a part of EDS has cut 200 people.
Economic Times reported this morning about the job cuts.
Text clips from the news:
According to sources, MphasiS has retrenched 200 employees at its Chennai centre and all this in a span of two days last week.
It was not clear whether this retrenchment was restricted to the Chennai centre or covered other locations. Sources said the retrenchment was largely centered around the performance issue and it has probably affected those who were on the bench.
Read the full story from Economic Times. Sphere: Related Content
Sunday, February 17, 2008
Vurv Technology soon to release "Pay for Potential" Performance Management Software
Vurv Technology - A HR Software Company is hoping high on its soon to be released performance management software. It's been reported that some analysts has applauded for wrapping in the concept of "Pay for Potential" in the application. An article on the Vurv was featured in WorkForce.com
Find below the text bits from the article
Kevin Marasco, senior vice president of marketing for Vurv, declined to discuss any possible plans for an initial public offering or additional venture funding. But he said the 330-employee company is determined to get to the head of the pack. "We’re absolutely committed to being a leader in the talent management technology space," Marasco says. "We’re poised to leapfrog competitors in the market."
The talent management software market refers to tools for key HR duties such as recruiting, performance management, compensation and employee development. Talent management applications are among the fastest-growing products in HR software, which is itself the fastest-growing category of business software.
Thanks to factors including fear of talent shortages, revenue from human capital management applications is slated to rise from $6.3 billion in 2006 to $10.6 billion in 2011, according to AMR Research.
To read the full story, Visit WorkForce.com Sphere: Related Content
Friday, February 15, 2008
Questions Job Candidates May Ask Your Company
This was one of the top articles in WorkForce.com. The article has listed down the questions that applicants may ask recruiters & HR pros.
I have given the links to few questions:
- Questions for Headhunters and Recruiters
- Questions for HR
- Questions for Hiring Managers
- High-level Probing Questions
- Questions That Are Defensive
- Questions Designed to Get Feedback
- Questions Designed to Close the Deal
- Questions Stars May Ask
Thursday, February 14, 2008
Yahoo! India layoffs - Emotional Burst Out
Yahoo! India sacked 40 employees in Bangalore this week. And the employees were given just 30 minutes to clean up and leave the office. Some employees broke down as this news came shocking.
Wednesday, February 13, 2008
Yahoo! India sacks poor performers
Yahoo! India has a headcount of 1500 for its R&D operations. It asked 45 employees to quit. However Yahoo India claimed that it was a routine process and more would be sacked from Job.
Chicago Tribune will cut 3.5% of Workforce by end of March - HR, Finance & Technology will be the target
Source: WorkForce.com
The Chicago Tribune will cut about 100 jobs, or roughly 3.5 percent of its workforce, by the end of March, the paper’s publisher told employees on Wednesday, February 13.
Most of the affected positions across the company would be in so-called support areas, such as finance, human resources and technology. The cuts are part of a companywide staff reduction—the first since Sam Zell took over the media conglomerate late last year in an $8.2 billion buyout, the Tribune reported on its Web site.
To read the full story, Visit WorkForce.com Sphere: Related Content
Tuesday, February 12, 2008
Web Rules - Capitola Survey Results on HR Marketing Trends
I was reading through a featured article from WorkForce.com. This article is based on the survey by Capitola, California based HR Marketer. The survey showed that one-fourth of small HR product and service suppliers use Web 2.0 tactics such as PPC advertising,blogging,podcasting & press releases for the first time.
Some interesting survey findings from the article
A majority of suppliers plan to increase their budgets this year for search engine optimization, the practice of a company giving search engines like Google coding and key words for its Web site that will lead customers using the search engines to the site. Other budget increases have been slated for direct e-mail marketing and white-paper publishing to help improve access to customers. The report notes that white papers are seen as effective components of direct e-mails as marketing tools. Meanwhile, blogging, while not a major line item on most budgets, is gaining a large role in marketing for many suppliers.
Nearly half of HR and employee benefit suppliers contract with an outside public relations or marketing firm, and only 15 percent reported they were not satisfied with their contractors’ work. Sixty-one percent using an outside firm pay a monthly retainer, and 28 percent pay $5,000 or more.However, 33 percent of the large suppliers were not satisfied with outside marketers. A surprising finding was that 51 percent of all suppliers do not send any press releases via a wire service, and 64 percent don’t optimize their releases for better search results.
To read the complete survey results, Visit workforce.com Sphere: Related Content
Monday, February 11, 2008
Pill for Motivational Deficiency Disorder - Interesting Post from KnowHR blog
I was browsing KnowHR blog this morning,I came across this humorous post. Frank Roche has written a post for employees suffering from Motivational Deficiency Disorder.
Few text bits from his post
If your employees are suffering from Motivational Deficiency Disorder, there’s always Strivor. (Click to see video if it doesn’t show above.) One little pill can stand in for excruciating hours of “engagement” training. One little pill can make bad managers into Harvard Business School case studies for managerial greatness. One little pill can make profits big, and one pill can make problems small.
To read more, Visit KnowHR blog. Sphere: Related Content
Sunday, February 10, 2008
ResumeGrabber Pro - Recruiting Software Review
This software is useful for recruiters & hiring managers who receive most of the resumes through emails and who use Job boards to search for potential candidates.
ResumeGrabber Pro captures and screens resumes from the Internet, emails and PC folders. Sort resumes according to keywords, experience, skill sets, location etc. Quickly and easily import these resumes into respective CRM/ ATS
This recruiting software is useful for the recruiters who need a quick way to import resumes from anywhere into their database.
Product Details:
Manufacturer: eGrabber Inc
Version: 2008
Price Details:
1 yr subscription - $499.95
Version License - $749.95
To download the free trial version of ResumeGrabber Pro, click here.
About eGrabber Inc:
eGrabber is headquartered in Silicon Valley, USA. Found in 1997, eGrabber is a developer of software products providing solutions for Lead Management and e-Business. eGrabber tools enable sales and recruiting professionals to quickly capture and process Internet sales leads & resumes.
eGrabber recruiting solutions include :
TUC reports "Employers undervalue the skills of migrant workers"
I came across this article titled "Employers fail to make full use of migrant worker's skills" in Personnel Today
This report by TUC analyzes on how the migrant workers can contribute to the UK economy. However the report also highlighted that most of the migrant workers were trapped in low-skill and low-paid jobs.
Find below the text clips from the article
TUC general secretary Brendan Barber said: "For too long the skills and qualifications of migrant workers have been desperately undervalued.
"Unions are working hard to develop learning and training strategies to persuade employers to recognise the qualifications of migrant workers, and employers need to wake up to the skills and potential these workers can offer."
Read the full story from Personnel Today Sphere: Related Content
Thursday, February 7, 2008
New Blame Game - Directors Blame Compensation Consultants
A new study revealed that atleast two out of ten directors believe that CEO compensation is "too high".
Find below the interesting study facts from WorkForce.com
Roughly three out of 10 directors believe that CEO compensation is “too high in most cases,” according to a new study by recruiter Heidrick & Struggles and the University of Southern California’s Marshall School of Business.
The study polled 227 directors of U.S. public companies.
The findings of the USC study beg the question: Why are these board members signing off on excessive pay packages? After all, a board’s compensation committee is charged with setting the level and type of compensation given to chief executives.
Ed Lawler, a professor of business at the USC and co-author of the study, says that board members swear it’s not their fault; compensation consultants, they claim, are the major reason CEO pay is so out of control.
“Directors are saying that in the interest of making more money, compensation consultants keep coming up with new incentive products that boards have to buy to stay competitive with their peers,” Lawler says. “So in some ways, yes, they contribute.”
Read the full story from WorkForce.com Sphere: Related Content
Wednesday, February 6, 2008
HR teams make no difference - Survey Results by Ceridian
Ceridian - HR Service provider conducted a survey of 1000 workers. Personnel Today published an article on survey results.
Find below the text clips from the article.
Half of office-based employees believe that human resource teams make no difference to their jobs.
The survey heaps further criticism on the HR function, following scathing remarks by Luke Johnson in the Financial Times earlier this week.
Johnson argued that HR – like IT, legal and marketing departments – doesn't sell produce, it just consumes.
Read the fully story from Personnel Today Sphere: Related Content
Tuesday, February 5, 2008
CareerBuilder - Poor Show in USA Today Super Bowl Ad Meter
CareerBuilder new adcampaign dubbed 'Start Building' was ranked 39th & 47th in USA Today's annual popularity contest.
A weak showing in last year’s USA Today Super Bowl Ad Meter got (or, depending on whom you believe, contributed to getting) CareerBuilder’s agency, Cramer-Krasselt, fired. So, does a significantly worse showing in this year’s survey mean that the online job site’s new agency, Wieden & Kennedy, ought to be worried?Asked about the Ad Meter results, a CareerBuilder spokeswoman said Wieden was safe, adding: “We’re very excited about this campaign.”
She also maintained that the Ad Meter was not the sole criterion in C-K’s firing last year. “The whole decision wasn’t based on the poll or any single factor.”
Sunday, February 3, 2008
PHR/SPHR not required for HR positions - HRCapitalist
A recent academic study tried to determine the impact of being certified by examining the Demand for Certified Human Resources Professionals in Internet-Based Job Announcements. The study, chaired by Herman Aquinis at the University of Colorado at Denver, found weaker than expected demand for the PHR and SPHR in postings from 2005.
To read the full story, Visit HR Capitalist Sphere: Related Content
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