 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
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