Friday, June 17, 2011

Salaries to increase around 10-13% across industries this year

Many companies are about to increase the salaries of their employees by 10% to 13% this year.  The job market in India now looks promising. The trend will be seen across various industries this year. Many innovative methods are now being explored to retain the workforce. All this came from a survey undertaken by Kelly Services.

Kelly Services' which is a staffing firm, says in its annual Employment Outlook and Salary Guide 2011-12, that the year 2011 has proved a breather for the Indian employees as far as salary hike is concerned.

The Managing Director of Kelly Services recently said, "Companies are now exploring innovative methods to successfully retain their workforce across sectors. They are actively involved in finding out what their top talent wants and are implementing various motivational methods”.

Most of the companies are also offering 'spot bonuses' to employees in order to retain them. The companies now want to maintain parity in terms of basic salaries among their workforce. This is expected to keep bright talent from being taken away.

The industries where salary hike is seen are manufacturing sector, construction, pharma & healthcare, BFSI, education, IT and ITES and real estate & construction.

IT industry has also seen increment of lateral hiring especially positions with niche skills. Even the middle level has also seen a rise in salary. An increase in salary for senior professionals is also witnessed in the finance/sales & marketing segment of BFSI sector. In order to attract the manpower, the Engineering sector - oil & gas mid and senior level has also seen a rise in salary this fiscal year. In the oil and gas sector, the salary hike of around Rs 10 lakh is seen.  

Source: The Economic Times

Thursday, June 16, 2011

ICICI Bank and NISM to offer 1 year PGCSM programme

National Institute of Securities Markets (NISM), an educational initiative undertaken by the Securities and Exchange Board of India (SEBI) together with ICICI Bank which is India's largest bank in private sector, have signed a Memorandum of Understanding (MoU) regarding the a specialised programme in "Post Graduate Certificate in Securities Markets" (PGCSM) which is being offered by them. 

This partnership is being considered as a unique tie-up between industry and education sector.  

The MoU was signed by the Senior Vice President, NISM and the Senior General Manager, ICICI Bank in the presence of Chairman of SEBI and Chairman, Board of Governors, NISM and Managing Director & CEO, ICICI Bank.

The objective of the programmed is to create integrated professional programmes that would be useful in imparting functional skills to improve the quality of securities market professionals. It would also help individuals in their career and overall growth. 

There are exciting opportunities in the financial sector. Those who are seeking growth, diversity and challenge in their careers can bank upon such opportunities. This programme would enable these professionals to meet their aspirations. This partnership is expected to be a landmark initiative and a great success.

PGCSM is of one year duration. It is a specialized and integrated programme. It would focuses on providing a high degree of conceptual grounding and skill building. It would also give industry exposure. On successful completion of the PGCSM Programme, the candidates would be placed in the treasury and investment functions within the ICICI Group companies. 

Money Control