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BALASUBRAMANYA B N (CCI STUDENT....) (44679 Points)

30 December 2010

Accor to create 3000 jobs in India next year

NEW DELHI: Global hospitality firm Accor said on Tuesday it will hire 3,000 people by next year in India to fill vacancies being created at its upcoming hotels in the country.

Accor currently operates eight hotels under brands, Novotel, Ibis and Mercure, and two convention centres that employ about 2,000 people.

"By the end of 2011, we will employ total 5,000 people at Accor operated properties across India," Accor Hotels India, Regional Director of Human Resources Ashwin A Shirali told media.

About 30 per cent of the job opportunities being created will be for entry level jobs, he said. The company will operate ten new properties that are likely to come up in 2011.

In August this year, Accor had said that it plans to open 90 hotels by 2015, out of which contracts for 60 hotels have already been signed. Around 21 hotels are likely to be operational by the end of 2012.

At present Accor, in partnership with InterGlobe Enterprises , runs hotels under the Ibis brand and has partnership with other companies for Novotel and Mercure brand. Accor also has plans to bring its other global hotel brands, Sofitel, Pullman and Formule1 in India by 2011.

Accor and InterGlobe have set up an investment fund to develop hotel assets in India with Pacifica Partners , which has 36 per cent equity in the fund. Accor and InterGlobe will each hold 32 per cent stake in the fund.

Source : https://economictimes.indiatimes.com/news/news-by-industry/jobs/accor-to-create-3000-jobs-in-india-next-year/articleshow/7179208.cms

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More US job seekers head to Australia

WASHINGTON: Facing a job crunch at home, more US citizens are heading to Australia where nearly 7,000 Americans are currently working on long-term visas, an 80 per cent jump over the past five years.

US citizens are now the third-largest group applying for work visas, after British and Indian nationals, the Wall Street Journal said, quoting Australian government data.

Near-10 per cent unemployment at home drives more Americans to look for jobs Down Under, where China's thirst for iron ore and energy is transforming the Pacific nation into an economic powerhouse, the report said.

Daniel Davila, a 23-year-old timber floorer from California who has been working at a grocery store, said that on a good day, he makes as much as 50 Australian dollars ($50.21) an hour - about twice the usual rate for the job in the US.

"I can make what I did in a week in the US in less than a day here," Davila, who lives near the mining boom town of Perth, was quoted as saying.

Americans with degrees in areas such as accounting or mine engineering as well as other skilled workers can obtain a non-renewable permit for as much as a three-year stay. After that, they can apply for the renewable 457 work visa, which grants up to a four-year stay.

The number of US students in Australian universities has also jumped nearly 10 per cent in the past two years, after declining steadily for the previous decade, according to the Australian Department of Immigration.

The uptick comes as the resources boom has pushed the Australian dollar up 45 per cent against the US dollar over the same period, making it even more expensive for Americans to study there.

For Americans like Garrett Mclaughlin, the opportunities outweigh the difficulties. The 29-year-old moved to Sydney to study for a master's degree in business administration.

"It's hard to ignore that Australia seems to be going one way and America the opposite," said Mclaughlin.

Luring skilled workers is a shift for Australia, which historically sent many of its most highly educated to the US and Europe, the daily said, quoting migration data.

However, according to the latest data released by the US Census Bureau, about 45,000 native Americans move abroad annually. Close to 250,000 foreign-born residents of the US leave the country each year as well.

The data also shows more than 1.1 million foreigners migrated to the US in 2010, while about 377,000 foreigners moved to Australia this year and 471,000 last year.

According to Australia's labour law, the longer-term visa hopefuls must be sponsored by a company with visas for in-demand jobs, such as nurses, builders and engineers, and prove they meet Australia's demandingcriteria.

"The real critical issue for delivering all this infrastructure Australia needs is skilled labour, particularly out west," in mining regions, said Shane Lee, senior economist at Australia and New Zealand Banking Group Ltd.

Lee estimates the country needs to spend about $600 billion on infrastructure over the next six years, creating even more demand for such jobs.

Source : https://www.australiannews.net/story/724488

IT companies move to 3-month notice to counter attrition

BANGALORE: For serial job hoppers, this is bad news. To counter high attrition rates plaguing them, domestic and MNC technology firms are introducing or returning to a three-month notice regime, mandatory for all exits except for some very senior positions.

The one-month regime was a blessing during the days of corporate austerity and retrenchment. But now, markets have improved significantly and abrupt exits have started hurting projects and delivery schedules.

A three-month regime also makes the employee ‘buy-out’ option tougher for poachers and rival companies. ‘Buy-out’ refers to the practice of the new organization giving the employee the money required (normally the notice-period basic or full salary) so that he can pay off his current firm and join the new one immediately.

IBM changed the ex it policy about six months ago to move to a 3-month notice regime. Capgemini,too, has recently followed suit. Accenture and Cognizant have done it for certain levels. Even mid-sized players like iGate and Infotech Enterprises have moved to a threemonth exit notice regime.

Attrition levels in small and medium sized IT companies are now in the range of 25-30%, and for tier-I players, between 14% and 17%. With overseas clients resuming IT spends, companies are in a rush to fill up positions that were allowed to lapse during the recession . Job hopping has become so acute that some companies are finding it hard to include attrition levels in their quarterly performance reports.

Under the one-month scheme, an employee can leave and take a new job in a week or even in a couple of days because the resultant salary hike would be good enough to pay off the notice period cost.

“Under a three-month regime, there is also greater chance of retaining the employee as HR heads get enough time to convince, cajole or make a counteroffer,” says a senior HR executive of a multinational organization.