IIM ROHTAK H U M A N E - R CLUB P re s e n ts
H R BULLETIN VOLUME 28
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HUMANE-R|VOLUME28
HR BULLETIN
A steady upward trend for jobs: Monster Employment Index Monster Employment Index 2020 highlights the overall performance of industries job roles, and locations in 2020 highlighting a steady progress for certain industries and a stubborn decline for others. Job search portal Monster.com has published the Monster Employment Index, a comprehensive job analysis report that provides insight into the job market across industries, cities, and functions for the year 2020. According to the data, while there is no change in the data for November and December 2020, there was a drop of 15% in the overall index when compared to 2019, on account of the pandemic. Yet, job postings in the year improved in comparison to December 2019, with some industries returning to pre-COVID levels. Despite the impact of the pandemic, certain industries witnessed substantial growth. These industries include telecom (7%), media and entertainment (4%), and agro-based (6%) witnessed substantial growth. Trade as well as chemicals industries also experienced growth.
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A peek into industry wise growth and decline Specific to December 2020, industries that witnessed maximum growth in job postings compared to the previous month include import/export (15%), chemicals/plastic/rubber, paints, fertilizer/pesticides (15%), telecom/isp (12%), and printing/packaging (11%). agro-based industries; garments/ textiles/ leather, gems & jewelry; and healthcare, biotechnology & life sciences, pharmaceuticals hlso witnessed month-on-month growth of 7% respectively. Unsurprisingly, home appliances (10%). retail (-20%) industries experienced the biggest drop compared to Nov-2020. Owing to the reopening of the economy, industries such as production and manufacturing, oil/gas/petroleum, power, and travel & tourism were able to make slow progress post the pandemic impact. In comparison to November 2020, oil/ gas/ petroleum, power grew by 5%, production and manufacturing grew by 1% and travel and tourism saw a -5% dip. The most impacted industries remain production and manufacturing (-35%), oil/gas/petroleum, power (-38%), and travel & tourism (-64%), with the highest year on year decline due to the pandemic. Geographic impact and recovery In comparison to November 2020, job postings in Jaipur (4%), Coimbatore (4%), Chennai (3%), Pune (3%), and Mumbai (1%) witnessed growth, while job postings in Bangalore, Kolkata, and Baroda remained neutral with no shifts compared to the previous month. Chandigarh (-2%), Kochi (-3%) witnessed a decline in job postings during this period. Analysts expect the numbers to improve in the coming months. Cities witnessing the highest yearly decline include Mumbai (-23%), Baroda (-24%), and Kolkata (-35%). A steady progress to pre-COVID levels was noted across Bangalore (-1%), Hyderabad (-2%), and Chandigarh (5%). The verdict on functional performance in 2020 While job roles across hospitality & travel (-12%), finance & accounts (-4%), legal (-6%) continue to face challenges with the lowest growth across functions, compared to November 2020, the gradual reopening of office spaces, brought about a uptick in postings for senior management (6%), and HR & admin (4%), arts/creative (4%) and customer service (1%), software, hardware, telecom (1%). In comparison the previous year, hospitality & travel (-41%), customer service (-34%), and finance & accounts (-30%) witnessed the biggest decline.
Read more at: News: A steady upward trend for jobs: Monster Employment Index — People Matters
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Flipkart partners with Logistics Skill Sector Council and KSDC to set up CoE to bridge skills gap in logistics The first-of-its-kind training center for ecommerce logistics in Bengaluru, spread across 1,500 sq ft with digital classrooms, will provide training to candidates in all aspects of the supply chain and logistics industry including delivery and material handling, developing industry certified talent. Flipkart announced an MoU with the Logistics Skill Sector Council (LSC), an organization set up by the Ministry of Skill Development and Entrepreneurship (MSDE) through the National Skill Development Corporation of India (NSDC) and Karnataka Skill Development Centre (KSDC). As part of this MoU, Flipkart has launched an industryfirst Centre of Excellence (CoE) to build a skilled and trained workforce for the fast-growing e-commerce industry in India. Introduced to augment skill development for the logistics industry, Flipkart’s CoE will be open to aspirants who want to work in the logistics industry. The center aims to bring the spotlight on the importance of skill development for the sector and complement its growth in the coming years. Spread across an area of 1,500 sq ft, the first-of-its-kind CoE for ecommerce supply chain in Bengaluru hosts newage classrooms equipped with computers and projector-based learning for the all-round development of the candidates. Flipkart has co-developed this extensive training module along with LSC & KSDC, to train candidates on the various nuances of storage and distribution, customer management, and material handling. This also includes imparting knowledge on local transportation laws and regulations and giving students holistic knowledge of the endto-end supply chain. Karnataka Kaushalya Mission, which is part of the Department of Skill Development and Entrepreneurship and Livelihood, Karnataka Government, and LSC is helping mobilize aspirants for the Centre of Excellence. The training also covers the necessary “soft skills” required to interact with customers. In addition to the above training, selected candidates will also get an opportunity to join an apprenticeship program with Flipkart..
Read more at: News: News: Flipkart partners with Logistics Skill Sector Council and KSDC to set up CoE to bridge skills gap in logistics – People Matters 4
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India Post Payments Bank’s new MD and CEO takes charge J Venkatramu's deep understanding of payment products, associated technologies and systems, combined with well-honed strategic and business capabilities, will help drive the bank in its next growth journey. India Post Payments Bank (IPPB) stated that J Venkatramu, a former senior executive of Equitas Small Finance Bank, has taken charge as its managing director and chief executive officer. His appointment is effective from October 29, 2020.
IPPB Chairman Pradipta Kumar Bisoi, who is also the secretary of the Department of Posts, stated, “Venkatramu's deep understanding of payment products, associated technologies and systems, combined with well-honed strategic and business capabilities, will help drive the bank in its next growth journey. I wish him all the success in his efforts to build IPPB into a customer-centric, technologically advanced, and accessible bank.” Venkatramu comes with over two decades of experience across various domains in the banking sector. His expertise is in products, business management and strategy spanning liabilities, digital financial services, payments, cards, mobile banking, and wallets, the statement said. On his appointment, Venkatramu stated, “With its robust network and comprehensive suite of products and services catering to various sections of the society, IPPB has the potential to play a transformative role in the payments banking landscape in the country. I’m extremely delighted to be given the responsibility of leading the Bank and it will be my endeavor to help IPPB scale newer heights.” Prior to joining IPPB, he was the chief digital officer at Equitas Small Finance Bank. As part of the startup team at Equitas, he was instrumental in launching the entire suite of retail and institutional payment products, setting up alternative delivery channels and digital payment platforms, and handling..
Read more at: News: India Post Payments Bank’s new MD and CEO takes charge – People Matters
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Honda is offering early retirement amid slow sales The letter said the scheme was open to permanent employees who have completed 10 years of service or are over 40 as of 31 January 2021. Honda Motor Co. is offering voluntary retirement to some permanent employees at its motorcycles and scooters unit in India amid slowing demand there following the covid-19 pandemic, the company said on Wednesday. Honda Motorcycles and Scooters India (HMSI), the country’s second-largest manufacturer of two-wheelers, said it planned to realign its production strategy to improve operational efficiency and ensure long term business sustainability. “The Indian auto industry is going through an exceptionally challenging phase from the past three years considering the prolonged demand slowdown and overall economic fallout from the covid-19 pandemic," the company said in a statement. While automakers globally have been battered by the pandemic, companies in India have also been hit by slowing demand since 2019. The move comes weeks after the Japanese automaker said it would shutter one of two car plants in India due to slowing demand. HMSI made the scheme available to its employees’ union through a letter dated 5 January, which was reviewed and reported by Reuters earlier on Wednesday. The letter said the scheme was open to permanent employees who have completed 10 years of service or are over 40 as of 31 January 2021. Depending on the number of years of service, a senior manager or vice president could be eligible for a payout of ₹72 lakh($98,488), the letter showed. While it was not immediately clear how many employees would qualify, the letter said the first 400 people to opt for retirement would get an additional Rs. 500,000. HMSI had more than 7,000 employees across its four plants in India as of 31 March 2020, according to a filing with the US Securities and Exchange Commission. Between April and November, the first eight months of the current fiscal year, HMSI’s sales plummeted 32 percent to 2.4 MN units, with sales of motorcycles and..
Read more at: News: Honda is offering early retirement amid slow sales – People Matters
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Qualcomm appoints Cristiano Amon as CEO Steve Mollenkopf to retire as CEO after 26 years at the company. Qualcomm announced that its Board of Directors has unanimously selected Cristiano Amon to succeed Steve Mollenkopf as CEO, effective June 30, 2021. Mollenkopf informed the Board of his decision to retire as CEO following 26 years with the Company. Amon, who has worked at Qualcomm since 1995, is currently President of the Company. Mollenkopf will continue his employment with the Company as a strategic advisor for a period of time. Mollenkopf, 52, became CEO in March of 2014. He began his career as an engineer and, for nearly three decades, has helped define and lead Qualcomm’s strategy and technology roadmap. His work helped propel smartphones into the mainstream and made Qualcomm a leader in 3G, 4G and now 5G, and he also oversaw the expansion into new industry segments such as the Internet of Things (IoT), RF Front End, and Automotive. He was also instrumental in the Company’s rise as a smartphone technology supplier. In addition, Mollenkopf successfully guided the Company through a number of extraordinary circumstances and challenges and begins the CEO transition process with the Company stabilized and well-positioned to continue to grow and drive value. “Steve navigated through unprecedented circumstances during his tenure, facing more in his seven years as CEO than most leaders face in their entire careers,” said Mark McLaughlin, Chair of Qualcomm’s Board of Directors. “Under Steve’s leadership, the Company remained focused and created immense value for stockholders, inventing key technologies that are driving economic growth, and improving lives.” Amon, 50, has served as President, Qualcomm Incorporated since January 2018. In this role, he..
Read more at: News: Qualcomm appoints Cristiano Amon as CEO – People Matters
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