India CSR Network
No Result
View All Result
  • Login
  • Register
SUBSCRIBE
  • Home
  • CSR
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Environment
    • Education
    • Gender Equality
    • Health
    • Skill Development
    • No Poverty
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Articles
  • Interviews
  • Events
  • BOOKS
  • More
    • Technology
    • Lifestyle
    • Case Studies
    • Knowledge
    • Social Sector Leaders
    • Social Entrepreneurship
    • Philanthropy
    • Sports
    • Gaming
  • Prime
  • Home
  • CSR
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Environment
    • Education
    • Gender Equality
    • Health
    • Skill Development
    • No Poverty
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Articles
  • Interviews
  • Events
  • BOOKS
  • More
    • Technology
    • Lifestyle
    • Case Studies
    • Knowledge
    • Social Sector Leaders
    • Social Entrepreneurship
    • Philanthropy
    • Sports
    • Gaming
  • Prime
  • Login
  • Register
No Result
View All Result
India CSR Network
No Result
View All Result
Home More

Job market, education, startups and technology; what to expect in 2015

by India CSR Network
8 years ago
in More

IndiaCSR News Network

NEW DELHI: Employers are optimistic on the economy with a stable government in New Delhi. And, they are back in the hiring mode.

“Indian employers across major sectors forecast an overall increase of 23% when it comes to the hiring outlook for the next year, compared with last year’s report where the change in hiring numbers was less than 2%,” said AG Rao, group MD at ManpowerGroup India, which puts out a quarterly hiring outlook survey. “It seems the political and economic stability have had a positive impact.”

The IT, hospitality and travel sectors are set to lead the way with more than 50% growth in hiring. Banks, financial services and insurance, or the BFSI sector follows with an expected 25% increase.

Sectors such as IT, BFSI, retail and ecommerce, construction and real estate, telecom, auto, FMCG, power and energy, media and entertainment will be extremely upbeat on hiring, said Rituparna Chakraborty, co-founder and senior vicepresident at TeamLease Services.

There would be an evolution of many newer roles and JOB profiles based on the changing needs in these sectors. All this, however, will depend on policy action from the government to clear bottlenecks affecting investment in sectors like power, infrastructure, real estate, mining and metals. While leading compensation trackers expect an average 11% salary increase across sectors, top performers can expect twice that. Attrition is likely to escalate as the job market opens up further.

“Scarce supply coupled with high demand for skilled and experienced resources shall lead to spiralling wages and hence those whose skills are in line with the hot JOBS can expect a significant premium in their compensation,” said Chakraborty.

“There is no question that companies will be under pressure to hire and retain talent at all levels,” said K Sudarshan, regional managing partner at EMA Partners India. “But, we also expect that organisations will continue to right-size as the pressure of the broad base of the pyramid catches up in people intensive businesses like technology and IT services.” — Sreeradha Basu

More Muscle to Minority Shareholders

CSRBooks.com CSRBooks.com CSRBooks.com

Expect shareholder meetings to be noisier and minority investors to influence more corporate decisions than ever before in 2015.

Empowered by new regulations, minority shareholders, who have often been shortchanged by promoter-owners, are set to have a bigger impact on decision-making. Emergence of proxy firms that simplify jargon-filled corporate-speak and disseminate the information, is making small investors informed and act in unison. The newly introduced electronic voting makes their votes count more. In 2014, Indian industry saw some glimpses of what to expect. Maruti Suzuki had to postpone its shareholder meeting on a proposal to transfer a planned plant in Gujarat to parent Suzuki Motor as disgruntled minority shareholders opposed it. A motion to raise the executive director’s salary at Tata Motors was defeated, while at Panacea Biotec, plans for issuance of fresh equity, creation of mortgage of assets and transaction with related parties were scotched.

If 2014 has seen isolated movements, 2015 could become a watershed year for shareholder activism.

Under new Securities and Exchange Board of India (Sebi) rules, institutions like mutual funds have to vote at shareholder meetings and disclose how and why they voted in a particular fashion. This is expected to foster an environment of competitive behaviour in 2015 for funds, and improve corporate governance.

E-voting, introduced in October, is set to be a game changer. E-voting counts one vote per share held, as against the show-of-hands method where one raised hand means one vote. The effect would be dramatically different results as the number of votes will depend on the quantity of shares held by those voted and not the number of people present. The new Companies Act provides further muscle to minority shareholders. It, for instance, bars promoters from voting on transactions with related entities.

“Going forward, promoters will find that they cannot have a free run on abusive related-party transactions,” said Amit Tandon, founder and MD of Institutional Investors Advisory Services. “They will also need to disclose far more than they have done so till now.” — Arun Kumar

Startups will Outsmart Larger Cos

A big shift is underway in the Indian technology space where emerging ventures are winning business from large clients in the face of competition from established players. Several of these startups, which offer more nimble solutions in areas like data analytics, mobility, security, cloud and mobile applications, are often being chosen ahead of the big boys like Infosys, Wipro, TCS, Microsoft, Oracle and IBM.

http://articles.economictimes.indiatimes.com/2014-12-31/news/57558121_1_bfsi-sector-shareholder-meeting-job-market

ShareTweetPin

India CSR Network

India CSR is the largest tech-led platform for information on CSR and sustainability in India offering diverse content across multisectoral issues. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting. To enjoy the premium content, we invite you to subscribe it.

Related Posts

Union Budget 2022: Tax Rebates in Budget for Realty Vital for Salaried Class
More

Union Budget 2022: Tax Rebates in Budget for Realty Vital for Salaried Class

January 19, 2022
India’s Veteran journalist Vinod Dua passes away
More

India’s Veteran journalist Vinod Dua passes away

December 5, 2021
Meet a NGO Leader who digs up dirt to set right system
More

Meet a NGO Leader who digs up dirt to set right system

August 10, 2021
More

Republic or Democratic?

January 22, 2021
Brand Identity of India CSR Network
CSR

Nomination invited for India CSR Professional of the Year Awards

August 4, 2021
More

Value of Books in Life

August 4, 2021
More

Google generates its 83% of revenues from the display of ads

August 4, 2021
More

Reliance Foundation Hospital rewarding medical staff with extra pay

August 4, 2021
CSR

Covid-19: ITC’s Paperboards and Specialty Paper Business lend its support to the needy in Telangana

August 4, 2021

Popular Stories

  • Lupin Terminates 300 Staff

    Lupin Terminates 300 Staff

    0 shares
    Share 0 Tweet 0
  • What is liberalization?

    0 shares
    Share 0 Tweet 0
  • 7 Reasons Why Smartphone Can Make Your Life Easier

    0 shares
    Share 0 Tweet 0
  • QNET CSR Arm Supports Electrification Project to light up the lives of 470 villagers in Meghalaya

    0 shares
    Share 0 Tweet 0
  • MCA amends Schedule III of Companies Act on disclosure norms in financial statements and Details of Corporate Social Responsibility (CSR)

    0 shares
    Share 0 Tweet 0
India CSR Network

  • Home
  • About Us
  • Team
  • Partnership
  • Contact
  • Terms of Use
  • Subscribe

No Result
View All Result
  • Home
  • CSR
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Environment
    • Education
    • Gender Equality
    • Health
    • Skill Development
    • No Poverty
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Articles
  • Interviews
  • Events
  • BOOKS
  • More
    • Technology
    • Lifestyle
    • Case Studies
    • Knowledge
    • Social Sector Leaders
    • Social Entrepreneurship
    • Philanthropy
    • Sports
    • Gaming
  • Prime
  • Login
  • Sign Up
  • Cart

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In