Friday, March 30, 2012

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India shows concerns to US over rejection of H1B, L1 visas

India has complained to the US about an increase in the rate of rejection of US visas for Indian professionals that resulted in a sharp decline in the number of visas issued to Indians last year.

Commerce and industry minister Anand Sharma took up the visa issue with US commerce secretary John Bryson in a bilateral meeting on Monday.

Call centre jobs: All you need to know

Information Technology (IT), the greatest change agent of the twentieth century, is changing the way we live, work, communicate, shop and study - practically everything we do.

IT is also changing the way we do business. Not only does it remove the barriers of distance and geography, but it also dramatically alters 'how' business is done.
Click here to read more.

Google beats Facebook in employee satisfaction after 4 years

Google appears to have stolen the title of 'the best place to work' from Facebook this year, according to a survey on employee satisfaction.

Career website Glassdoor, which conducted the survey, noted this year is particularly noteworthy given Google has lagged behind Facebook in employee satisfaction for the past four years.

But the two tech giants are neck and neck in terms of what employees think of their CEOs, with Google CEO Larry Page earning a 94% employee approval rating, just 2% higher than that of Mark Zuckerberg, the Huffington Post reported.

Facebook offers Rs 1.34 cr package to Allahabad engineering student

Social networking giant Facebook has hired an engineering student here for a fat annual pay package of Rs 1.34 crore, one of the biggest offers made to alumnus of any technical institution of the country.

According to P Chakravarti, Director of the Motilal Nehru National Institute of Technology (MNNIT), a B.Tech student from the institute, who has requested that his name be withheld for "security reasons", received a letter on March 27 from Facebook confirming his appointment and the annual pay package on offer was stated to be USD 262,500 (around Rs 1.34 crore).

Interestingly, the MNNIT Director said the recruitment process began with a mail from Facebook "in October last year which was followed by nine rounds of telephonic interviews" before he was finally selected for the plush job which would require the student, who hails from Kanpur, to move to Menlo Park in California after finishing his software engineering course at the institute.

TCS to provide banking solution for Malaysia's AmBank

Tata Consultancy Services (TCS) today said Malaysia-based financial services group AmBank has decided to deploy the banking solution of the Indian software major.

This integrated banking suite, spanning conventional and Islamic banking, will support both retail banking and lending functionalities, TCS said in a statement .

By deploying 'TCS BaNCS', AmBank will see its banking business expand into new areas, while enabling flexible development and the scalability to meet market and regulatory needs, it added.

Tuesday, March 27, 2012

Adobe Systems to scrap annual appraisals

About 10,000 employees at Adobe Systems, including 2,000 in India, have just completed what could probably be their last performance review. The global product services company plans to scrap the age-old practice of being pitted against colleagues and measured up by the bosses once a year.

"We plan to abolish the performance review format," says Donna Morris, senior VPHR at the company. Still in its blueprint, the plan is to have managers give regular feedback to their teams to ensure a quicker and continuous selfactualisation, rather than wait for the year-end.

Adobe took the plunge after it entered the digital marketing space, which required a completely different gamut of customer base and marketing strategies that called for an overhaul of HR processes as well.