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Career & Success  

Private sector EMPLOYMENT INCREASED by 192,000 jobs in January

Our Correspondent : 06 Feb. 2013
Private sector employment increased by 192,000 jobs from December to January, according to the January 'ADP National Employment Report', which is produced by ADP, a leading provider of human capital management services, in collaboration with Moody's Analytics. The report, which is derived from ASP's actual payroll data, measures the change in total nonfarm private employment each month on a seasonallu adjusted basis. The December 2012 report, which reported job gains of 215,000, was revised downward by 30,000 to 185,000 jobs.

KEY FINDINGS :
-> GOODS-PRODUCING employment rose by 15,000 jobs in January which was primarily driven by an increase in construction jobs of 15,000. Meanwhile, manufacturers shed 3,000 jobs;

-> SERVICE-PROVIDING JOBS increased by 177,000. Among the service industries reported by the ADP National Employment Report, professional/business services registered the largest gain with 40,000 jobs added over the month. Trade/transportation/utilities added 33,000 jobs and financial activities added 12,000 jobs;

-> BUSINESSES with 49 or fewer employees added 115,000 jobs in January. Employment levels among medium-sized companies with 50499 employees rose by 79,000, while employment at large companies those with 500 or more employees fell by 2,000.


41 per cent of WORKERS FEEL a SHORTER COMMUTE would give them more family time

Our Correspondent : 06 Feb. 2013
A Imost a third of workers in India (31 per cent) report that they have to sacrifice sleep to fit in personal and work commitments, either by waking up too early or by burning the midnight oil, according to a Regus study. Although flexible working is highlighted as a way to reduce commuting, creating more hours in the day for sleep oor family life and improving productivity and staff retention, only 60 per cent of firms are rewarding management for encouraging the creation of a flexible workforce.

KEY FINDINGS :
-> Globally, 29 per cent of workers are sleeping less than they wish to fit in all their commitments and in india 31 per cent of workers are sacrificing sleep to fit in work and personal commitments, while over a fifth (22 per cent ) feel they have to overcompensate for time taken off for personal matters;

-> Workers highlight a shorter commute (41 per cent) and location flexibility (36 per cent) as ways of helping them spend more time with their families;

-> Businesses can benefit too, as flexible work is thought to improve productivity (69 per cent ) and help staff retention (84 per cent);

-> Currently, the management is being rewarded for encouraging a flexible work environment in 60 per cent of firms.

REVERSE INNOVATION MEETS MEDICI EFFECT

Our Correspondent : 06 Feb. 2013
Some of the vital challenges of Indian businesses today include identifying new growth platforms, markert discontinuities, strategic innovation and leveraging diversity. In an exclusive event, 'Reverse Innovaton Meets Medici Effect', SHRM India and Customer Lab brought together the biggest innovation gurus, Vijay Govindarajan and Frans Johansson, to give insights on ways to address these problems.

At this event, SHAM India and CustomerLab recognised companies, who have done outstandingly well in five key areas. Chosen out of several companies exemplified innovation by taking risks and breaking new ground in:innovation strategy; innovation culture and organisation; execution excellence; innovation protfolio management and ideation and creativity management.

A rigorous assessment evaluated organisations on their performance across these five key areas. After an initial online application, the screening panel validated company data and requested for supporting documents, data, metrics and anecdotes where relevant. An eminent jury then scrutinised each application across 23 processes of innovation to come up with a list of winners.


Team Apeejay stya & Svran Group(above) and Team ICICI Bank(below) with their awards




The four companies, out of 25 competing organisations, that have made their way info 'The Medici Innovation Hall of Fame,' are;
1. Apeejay Stya & Svran Group
2. ICICI Bank
3. Tata Consultancy Services
4. WNS Global Services
The award plaques were handed to the winning organisations by Vijay Govindarajan, professor of international business, Tuck School of Business, Dartmouth College and Frans Johansson, founder and CEO of The Medici Group.

Vibrant Gujarat Summit 2013: This century is India's; Gujarat to create 3 million jobs, says Modi

Our Correspondent : 11 Jan. 2013
AHMEDABAD: Rising to deliver his speech at Vibrant Gujarat 2013 summit, chief minister Narendra Modi began in English, not his strength. But the indication was clear that he was addressing global audiences to come and invest in Gujarat. Also, he spoke more about India and India's youth to capture the attention of the investment community.

"This century is India's and we will revive the country with the power of the youth," he said adding Gujarat has been less impacted by global problems. "I seek collective action to reverse slowdown," he stressed.

The first phase of Gujarat's growth is over and we are ushering into a more dynamic phase, Modi added. According to Modi the development model of Gujarat has lessons for many developing countries.

"Our development model has been recognised internationally and replicated by other states," he substantiated. "It has brought smiles on the faces of millions of people," he added.

Modi promised to enhance the income of farmers through the use of scientific agricultural techniques. "We promise Wi-Fi connectivity across the state and will be taking measures to make small and cottage industries stronger," Modi said.

Thanking people for giving him the opportunity to serve them, Modi said that he wants to benchmark the state's infrastructure and processes with the 'best' in the world. We will be setting up world class investment regions, he elaborated. "Gujarat is number 1 in economic freedom in India and the country will be rich with the power of the youth," Modi added.

Modi went on to promise the creation of 3 million additional jobs through the state's development initiatives and pointed out that Gujarat is the biggest creator of jobs in the country. He said Gujarat accounted for 72 per cent of the jobs created in India and the state had the lowest late of unemployment in the country.

Talking about growth of SME sector in his state, he said: "A central official told me India's SME growth rate was 18 per cent, compared to growth rate of 85 per cent in India."

Focusing on youth power, he said 65 per cent of India's population is under 35 years of age and by 2020 the average age of Indians will be 29-30. If this youth power is properly harnessed then India can take rapid strides in development, progress and prosperity, he said. He emphasized 21st century will be India's century provided "we build on three pillars of skill, speed and scale". Industrialists and who's who of Indian corporate world gathered at the Summit in Gandhinagar. This time, however, every speaker lauded chief minister Narendra Modi but shied away from joining in the "Modi for PM" chorus.

In a big departure from the past summits, none of the speakers, barring Mukesh Ambani of RILBSE -1.21 % and Hari Bhartia of Jubilant Lifesciences, committed investments in the state. The investment sentiment will likely get clear only at the conclusion of the summit. Last time, Gujarat had attracted investment proposals worth Rs 20 lakh crore.

Vibrant Gujarat Summit: Ratan Tata all praises for Modi

Our Correspondent : 11 Jan. 2013
Ahmedabad: It's no secret that Ratan Tata is a big fan of Narendra Modi. But when he rose to speak at the Vibrant Gujarat 2013 Summit, he was all praises for Narendra Modi. "Gujarat stands out better than other states in India and the credit goes to Chief Minister Narendra Modi," he said.

The gathering was more than happy to have Tata among them, which was evident by the thundering applause he was greeted with, when he rose to take the centre-stage. He said that Modi should be credited for the achievements of Gujarat in drawing investments. "The state has become vibrant, attractive and new investment destination," he added.

Addressing the inaugural function of the sixth edition of the Vibrant Gujarat Summit 2013, Tata Reiterated his now famous, and often repeated, quote: "One would be stupid to not be in Gujarat" and said the group has already invested or committed Rs 34,000 crore in the state.

Ratan Tata enjoys a special relationship with Gujarat as he was the one who bolstered industry confidence by bringing his troubled Nano car project to Gujarat in 2008.