Thursday, July 11, 2013

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Zensar in acquisition talks with two US firms

Outsourcing services provider Zensar Technologies is in acquisition talks with at least two US-based companies to boost its offerings in its largest export market.

A deal could cost Zensar between $20 million and $50 million, its chief executive officer, Ganesh Natarajan, said in a phone interview from the company's headquarters in Pune.

The Indian company, being advised by boutique financial advisory firm The Chesapeake Group, is talking to firms specializing in either managing large, complex computer networks or providing business software management consultancy, he said.

A possible acquisition could add 150-200 local staff in the computer networks area, or about 60-70 consultants specializing in the use of business management software from SAP, Natarajan said.

"We've been at it in the last four months... if we get the right fit, we can certainly do it during this year," he said.
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Australia's new visa restrictions to hurt Indian IT companies

Australia has followed the United States and Canada in tightening up its work visa programme, hurting Indian IT firms who now cannot place workers using the visas at client sites and must advertise in Australia to prove there is a genuine skill shortage.

Nomura expects the new rules to affect Indian IT companies' time and materials contracts and increase the amount of planning and time taken to obtain a visa. The companies will have to justify the number the number of visas required and provide workers on the visas with employment terms and conditions similar to those offered to Australian workers.

Infosys and Satyam, owned by Tech Mahindra, have the highest exposure to Australia, with about 8-9% of invoices coming from the continent, Nomura analyst Ashwin Mehta said in a note to clients.

Tata Consultancy Services has also been dragged into a visa row in Australia. A former employee was quoted by a local TV channel ABC as saying that TCS abused that country's work-visa scheme by not making an honest attempt to hire qualified local citizens, and instead bringing in Indian engineers on visa. TCS said those allegations were "completely false and inaccurate" and that it was fully compliant with the visa rules. 

Indians Are Workaholic, Checks Work Emails On Vacations Too

Indian professionals are workaholic and check work related emails on their vacations too, according to a latest survey conducted by travel portal, reports Times Of India. The survey carried out by TripAdvisor on what the professionals do when they are on a vacation trip has come up with quite a surprising results. Among the top three things in the must-do list were eating out at popular restaurants in the city (78 percent), visiting local tourist spots (75 percent), catching up with friends in that city (66 percent). And surprisingly, Indians preferred friends over relatives, to hangout out with, on their travel. The survey was conducted among 1500 actively employed professionals of whom over 75 percent travel often or occasionally for work.

Another find is that, Indian professionals are most addicted to work with a whopping 82 percent admitted to checking work e-mails while on vacation.
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Best Job Search Websites In India

There are many websites in India that caters to the people in need for a job. They do more than just provide a database of job listings to search however. Many of them host your résumé and try to make it as visible as possible to employers looking for the perfect staff. Some even take advantage of social networking to get your foot in the door. So which one will you select? To help you out, here is the compilation of 7 best websites that differ from others on the very base of credibility.

Robert Hellmann, the author of Your Social Media Job Search, in an interview with Forbes, recommends that your job hunt consist of 80 percent personal networking, 10 percent talking to headhunters, and only that last 10 percent for online searches and applications.

Read on to know the list as compiled by PCMag.

#7 Glassdoor
Glassdoor is a free jobs and careers community that offers the world an inside look at jobs and companies. The site offers "employee-generated content" – anonymous salaries, company reviews, interview questions and more – all posted by employees, job seekers and sometimes the companies themselves. Now with nearly 3 million salaries and reviews, you have all the information you might need to make your next career decision.

With Glassdoor's proprietary JobScope technology, job seekers have a new way to browse job listings and get instant, in-depth details for any job listing. It also offers detailed information about specific jobs at specific companies – all free.

#6 Simply Hired
“Looking for a job shouldn't be a full-time job! That's why we built the biggest, smartest job search engine on the web. We search thousands of job sites and companies, so you don't have to,” the site states. Besides making things easy, Simply Hired also connects your social networks with job search. Its “Who Do I Know” feature allows you to discover your friends and personal connections at each company alongside your job search results.

Similar in look and feel to Indeed, Simply Hired pulls listings from thousands of sites across the Web, including job boards, company career sites, newspapers, non-profit organizations, government sites, and more. Creating an account allows you to name, save, and manage searches; manage email alerts; revisit jobs you've already viewed; rate and save notes about jobs you've viewed; and block specific companies or sites from showing up in your searches. Simply Hired's frequently updated blog offers excellent advice for job seekers.

#5 LinkedIn
This largest network of professionals in the world sure is a place to hunt for a job. As a LinkedIn member, you'll join 225 million other professionals who are sharing connections, ideas, and opportunities. So your profile is essentially your résumé, listing all your work experience and skills, and connecting you with contacts. Employers can list jobs on the site to recruit the best candidates, the listings are available for you to search, and of course, it's a great site for investigating potential employers. Some companies will let you apply with nothing more than your LinkedIn profile. If you see one of your LinkedIn connections is LinkedIn with someone at a company you're applying to, you can ask them to introduce you. LinkedIn's ability to connect you to others in your field (and beyond) makes it arguably the strongest job search weapon in your arsenal.

#4 Craigslist
The site hosts local classifieds and forums - community moderated, and largely free.Jobs, housing, goods, services, romance, local activities, advice - just about anything really. Though you can't sign up for email updates or post your résumé—but Craigslist certainly has plenty of jobs to offer and it specializes in finding openings in your vicinity. Listings aren't pulled in from other aggregator sites; they're all individually posted by employers. Jobs categories can be pretty broad though, so the downside is you may have to look harder to find that perfect position.

#3 Monster
It is the oldest of all job search engines in the world, and was launched almost 20 years ago. Internationally known and highly regarded, it lists hourly, part-time, and full-time jobs in practically every career field. But it's more than just a search site; Monster also provides tons of articles with advice for getting the most out of your job search, your résumé, interviews, and your career. The privacy feature that blocks specific companies from seeing your résumé is a lifesaver if you don't want your current employer to know you're looking for a new job. Monster is also the owner of the BeKnown service/app for Facebook, which puts your job search front and center on the world's biggest social network.

#2 CareerBuilder
CareerBuilder is one of the India's fastest growing online job site. It has more than 23 million unique visitors a month. It reaches top job seekers across India, including: Delhi, Mumbai, Pune, Bangalore, Chennai, Calcutta, and Hyderabad. It is based on the motto “Employee-Driven. Customer-Focused.”

You can store up to five résumés and cover letters publicly or privately, and create up to five personal search agents to receive emailed job listings daily or weekly. If you're unsure about where to start, upload your résumé to CareerBuilder and the site will scan it and match jobs according to your experience. If you don't have a résumé, simply search for jobs within CareerBuilder and the site will recommend positions based on your experience.

#1 Indeed
Indeed is top job site in the world, with over 80 million unique visitors and 1.5 billion job searches per month. Indeed is available in more than 50 countries and 26 languages, covering 94 percent of global GDP. It is based on one motto “One Search. All Jobs.”

The site is totally free to join and has listings aggregated from thousands of company websites and job boards across all fields. If you're not sure where to start, Indeed has tips to help. You don't even have to keep revisiting the site; it will help you set up searches that arrive in your inbox, or you can paste a URL for search results into an RSS reader for a constant feed.
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Why it's not business as usual at HCL Tech

HCL Technologies is running an internal campaign whose goal is to bring the mindsets of the company's top executives in line with the fundamental changes in the global technology outsourcing market.

Called Reset, the initiative is meant to drive home the message that it is not business as usual and that organizations such as HCL Technologies must acknowledge and be able to respond to clients who are no more looking for discrete technology components, but want technology to deliver concrete business value.
Read More at http://timesofindia.indiatimes.com/tech/tech-news/software-services/Why-its-not-business-as-usual-at-HCL-Tech/articleshow/20999537.cms 
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Why Infosys is losing momentum in every vertical

Infosys's overall revenues dropped below that of Cognizant last year. But what must be worrying the IT company more is its loss of momentum in almost every vertical. And in both its flagship verticals - BFSI (banking , financial services & insurance ) and manufacturing - its rank has dropped.

In BFSI, Infosys's revenue in the March quarter of fiscal 2011 was $571.9 million and this grew modestly to $657 million in March 2013. But Cognizant's revenue grew from $570 million to $855 million in the same period , pushing Infosys to No. 3 in that space. In fact, Cognizant surpassed Infosys in this vertical in the June quarter of fiscal 2012.

Read more at http://timesofindia.indiatimes.com/tech/tech-news/software-services/Why-Infosys-is-losing-momentum-in-every-vertical/articleshow/20938410.cms