India's Best Small & Startup IT Companies To Work For

Bonus, travel allowances, sales commission, incentives all were the talk of the town in job market. Today, the game has completely changed and focus has shifted from monetary view point to complete engagement of the employees in the development of organization and themselves. Workplace recognition and revenue growth are not coincidental and is a reflection of one's belief that treating employees well is a good business. This has become a key driver of innovation in most of the organizations.

Companies are spending heavily for employee training, may it be onsite or offsite training, to provide them a better understanding of their core work functionality. With such huge investments being made on the employees, retaining them are one of the top priorities for any HR. Thus, different companies come up with various HR policies to not only retain them but to keep them motivated at all the touch points possible.
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Infosys inducts 12 executives into management team

In perhaps the biggest ever expansion of its leadership team, Infosys has inducted 12 new faces to the executive council (EC). This takes the total strength of its highest decision-making body to 30. With this, the EC's strength has almost doubled since the end of 2012-13, when it had 16 members. In comparison, rival Wipro has 23 members in its management team. As EC members, the new Infosys inductees will be entitled to an allowance of $150,000 each per annum pro rata for the period as member. "We have strengthened our executive council to help us drive focus on key growth areas," the company said.
Source: http://timesofindia.indiatimes.com/tech/careers/job-trends/Infosys-inducts-12-executives-into-management-team/articleshow/24678879.cms

Wipro to train over 100 foreign interns in India

As the spotlight remains fixed on the issue of onsite hiring for IT firms, Wipro is planning ahead in cultivating teams of local business leaders with an Indian ethos. The company is scaling up its "India gateway" programme, through which it gives campus recruits from the UK, Europe, and Africa an opportunity to spend months at a time in its India campuses.

Launched last year, Wipro says the programme has been more successful than anticipated, and this year, over 100 employees across the world are expected to be working here.

"Going forward, the number of local hires abroad will only increase. Management also has to come from local talent more in the future. Keeping that in mind, we felt it was important to have locals immerse themselves in the culture of the company. Having them train here is a great way to do that," says Sourabh Govil, senior vice president - Human Resources, Wipro.
Source:http://timesofindia.indiatimes.com/tech/careers/education/Wipro-to-train-over-100-foreign-interns-in-India/articleshow/24702441.cms

Educomp starts cost optimisation; cuts 3,500 jobs

Education solutions provider Educomp Solutions today said it has cut 3,500 jobs in the last three months and has also initiated measures to spur growth.

"Educomp has announced a slew of measures aimed at putting the company back on a growth trajectory at a time when market sentiment is adversely impacting bottom lines across industry and has pushed the education sector into negative growth territory," it said in a release.

The plan entails modifications in structure, systems and sales strategies to return the firm to profitability in the current and following fiscal. Within this transformational plan, a series of tactical steps have been identified to fast-track the correction, it added.
Source: IndiaTimes

US tech giants face uncertain future

Outsiders often think of Silicon Valley as a constantly changing landscape, a place where fortunes rise and fall with the next great idea. Now some of the technology industry's biggest names are finding out that once you fall behind, it is pretty hard to catch up. 

Hewlett-Packard announced several significant personnel changes, along with sharply lower revenue and narrower operating profit margins. It was the latest in a string of disappointing earnings news from big technology companies that has some asking if the industry, after at least five years of growth, is finally slowing down. 
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Corporates cutting jobs to to save costs: Study

Faced with a tough economic scenario, corporates are cutting jobs and rationalising manpower to save on costs and the situation is likely to get worse in coming days, according to an Assocham study. 

"Alongwith the increasing number of corporates rushing to banks for debt restructuring, scores of them are also being forced to go in for manpower rationalising, reducing the headcount to save costs which they are unable to bear in the face of a difficult economic environment," according to the Assocham report on on Impact of Slowdown on Employment. 

The sad part is the situation is likely to become worse, rather than improve, in the weeks to come and the pain would only increase, it said. 

The companies resorting to rationalisation of manpower belong to sectors like infrastructure, gems and jewellery, educational solutions, realty, non-banking finance companies, especially in the gold-loan segment, media and public relations. 
Source: http://economictimes.indiatimes.com/news/news-by-industry/jobs/corporates-cutting-jobs-to-to-save-costs-study/articleshow/21939363.cms