|
|
|
Mr Bobby Pawar Elevated to Become CCO, Mudra Group
The national creative director of Mudra Advertising, Mr Bobby Pawar, has been promoted to become its Chief Creative Officer. Under his new role, he will head creative across board- Mudra Advertising, Mudra Marketing Services, Mudra MAX, Tribal DDB India, Rapp Collins India, Primesite, Kidstuff Promotional Marketing, Multiplier and Mudra Health & Lifestyle.
|
Citigroup hires new head of Vietnam investment banking
HONG KONG: Citigroup has appointed Son Nam Nguyen as head of Vietnam investment banking, according to an internal memo, as the bank expands its reach into the Asia Pacific market.
Nguyen was a managing director in Citi's Asia-Pacific Technology Investment Banking group in Hong Kong.
"There are immense opportunities for Citi in Vietnam to provide investment banking services to our clients," Mark Renton, co-head of Asia Pacific investment banking, said in the memo, released late on Thursday.
|
B.A.G. Films appoints new COO
B.A.G. Films & Media Ltd has appointed Ashish Kaul as the group's chief operating officer, the media firm said late on Thursday.
Kaul has previously worked with the Zee Network and various other Essel group companies, B.A.G. Films said in a statement.
|
HR hots up at $4 bn industry in 4 years
Giving your company a fancy descriptor is much in vogue these days. Amit Bhatia thinks his newly launched company Aspire India has a unique and a winner of a business model.
He may or may not be right, but certainly we think the descriptor he uses for the company is one of its kind. Aspire is supposedly the country’s first “human talent supply chain firm”. Beat that.
The country’s well chronicled talent crunch is reaching epic proportions. Alongside jobseekers, one of the biggest beneficiaries of the massive talent shortfall is the HR services and outsourcing business. In a matter of merely four years, HR services have become a $4-billion big industry spawning hundreds of start-ups such as Bhatia’s and attracting a horde of MNCs.
According to industry estimates, segments like staffing are doubling revenues with each passing year. To be sure, the HR Industry has itself undergone a sea change. From the handful of players in the business-that too dominated by recruitment companies-the market now has more than 20,000 players who operate in every part of the HR chain imaginable, from staffing strategy, to recruitment, technology, assessment and training.
At a time when talent is being touted as the most precious resource, companies are going all out to attract, retain and reward the coveted employees. That coupled with a 9 per cent GDP growth environment where companies are hiring more aggressively than ever before, has lead to a situation that is ripe for an explosion of a different kind of HR services.
The HR processes itself have become much more complex. “Firstly, the general increase in movement of people in the economy, fuelled by the sustained h i g h growth, has increased the sheer number of “transactions” in the HR system in any organisation. Secondly, the increase in the competitive pressures has made the role of talent more crucial than ever before,” explains Milind Sarwate, chief HR & Strategy, Marico
The HR function has also grown to project manage vendors. “At Nokia, we handle the core processes like mentoring and the assimilation and culture building programmes in-house and outsource most of the others,” says Bimal Rath, head HR, Nokia. The handsets giant works with 35-40 vendors, not counting the one-off training sessions it conducts.
Aniruddha Limaye, chief people officer, WNS says that in high impact areas like top level searches, they prefer to work with two- three partners, while for frontend recruitment, it goes up to 25-30 vendors. With attrition rates in industries like BPO running at about 70 per cent, India has seen the highest salary growth in the Asia Pacific region for the last five years.
There is so much pent-up demand in some areas like temping, that the industry has been growing at 100% yearon-year for the last four years and is expected to continue to grow at 75-100 % for the next two years. “Regulatory issues are hindering the growth of the temping industry in India, but temp staffing is gradually being accepted as a mainstream industry,” says Manish Sabharwal, chairman, Teamlease , India’s biggest staffing company.
|
Mohanty to lead Motorola India mobility Business
NEW DELHI, INDIA: Subhendu Mohanty, Services Director, Networks business, Motorola India, has assumed the additional role of Country Lead for Home & Network Mobility. In this capacity, he is responsible for business development, sales and services and existing client relationships in the Home and Networks space.
|
|
|
|
|
