HSBC axes 200 employees from Hyderabad offices, 350 in Pune
HYDERABAD: Over the last two days, HSBC India has undertaken a massive layoff exercise showing the door to as many as 200 employees ranging from assistant manager to vice presidents from its centres in Hyderabad alone.
The axe has fallen on over 350 employees at HSBC's Pune centres. It is estimated that a total of 750 employees have been asked to leave across locations and designations. So from assistant managers to vice presidents have been summoned to the meeting room in the last two days, asked to choose between termination or resignation, pack their bags and leave. Every couple of hours, employees were escorted out of the building by guards after quick meetings with the human resource department.
Read more:
http://economictimes.indiatimes.com/news/news-by-industry/jobs/hsbc-axes-200-employees-from-hyderabad-offices-350-in-pune/articleshow/12878622.cms
Indians prefer long-term job security over salary: Survey
Mumbai: With the market uncertainty, Indian employees are preferring financially healthy companies and long-term job security over salary, a survey says.
Long-term job security and financial health of the company are the most-often selected factors by 64 per cent employees, followed by career progression opportunities (50 per cent), says staffing and HR services company Randstad India in a report.
Salary and employee benefits, which topped the chart in 2011, has dropped to the third position, it adds.
Read more:
http://ibnlive.in.com/news/indians-prefer-longterm-job-security-over-salary/252442-3.html
How to Follow Up on a Job Interview (Without Being Annoying)
You just interviewed for a job and you haven't heard anything. Sometimes this is a sign of bad news, and sometimes it isn't. You want to follow up and find out what's going on, but you don't want to be annoying. Here's how to handle this situation effectively.
A friend of mine is currently in this position, and asked me how I'd word a follow-up email. When I tried to come up with something, I realized I hadn't written one in many years and my skills were a bit rusty. So, I asked the internet for some help and got some good advice. Most agreed on a very simple process.
Send a Thank-you Note Immediately After the Interview
Most people suggest sending a thank you note right away, via snail mail, as it takes a few days to arrive and serves as a positive reminder to get back to you.
Read more:
http://lifehacker.com/5905427/how-to-follow-up-on-a-job-interview-without-being-annoying
It's up to you to humanize the job hunt process
The Question:
The job hunt has become so impersonal now. Where is the “human” in human resources? I am currently trying to shift out of the legal field toward a job that I will truly enjoy, but I’m finding it hard for anyone to notice the skills I've acquired outside of my work experience over the past 20 years. I truly hate online recruiting. Is there a way to make this more personal and get past the online job search firewall?
The Answer:
The recruiting process has become an overwhelming process for many organizations. Unemployment rates are high due to layoffs and downsizing by corporations over the past few years. People with jobs are to an extent still feeling overworked and unappreciated. Between these two factors, it’s no wonder that HR people are looking for ways to avoid getting bombarded with mail and calls from people looking for a new job. One job opening could sometimes generate hundreds of résumés. Imagine the amount of time it would take to properly read, evaluate and assess every résumé.
Read more:
http://www.ctv.ca/generic/generated/static/business/article2412259.html
HYDERABAD: Over the last two days, HSBC India has undertaken a massive layoff exercise showing the door to as many as 200 employees ranging from assistant manager to vice presidents from its centres in Hyderabad alone.
The axe has fallen on over 350 employees at HSBC's Pune centres. It is estimated that a total of 750 employees have been asked to leave across locations and designations. So from assistant managers to vice presidents have been summoned to the meeting room in the last two days, asked to choose between termination or resignation, pack their bags and leave. Every couple of hours, employees were escorted out of the building by guards after quick meetings with the human resource department.
Read more:
http://economictimes.indiatimes.com/news/news-by-industry/jobs/hsbc-axes-200-employees-from-hyderabad-offices-350-in-pune/articleshow/12878622.cms
Indians prefer long-term job security over salary: Survey
Mumbai: With the market uncertainty, Indian employees are preferring financially healthy companies and long-term job security over salary, a survey says.
Long-term job security and financial health of the company are the most-often selected factors by 64 per cent employees, followed by career progression opportunities (50 per cent), says staffing and HR services company Randstad India in a report.
Salary and employee benefits, which topped the chart in 2011, has dropped to the third position, it adds.
Read more:
http://ibnlive.in.com/news/indians-prefer-longterm-job-security-over-salary/252442-3.html
How to Follow Up on a Job Interview (Without Being Annoying)
You just interviewed for a job and you haven't heard anything. Sometimes this is a sign of bad news, and sometimes it isn't. You want to follow up and find out what's going on, but you don't want to be annoying. Here's how to handle this situation effectively.
A friend of mine is currently in this position, and asked me how I'd word a follow-up email. When I tried to come up with something, I realized I hadn't written one in many years and my skills were a bit rusty. So, I asked the internet for some help and got some good advice. Most agreed on a very simple process.
Send a Thank-you Note Immediately After the Interview
Most people suggest sending a thank you note right away, via snail mail, as it takes a few days to arrive and serves as a positive reminder to get back to you.
Read more:
http://lifehacker.com/5905427/how-to-follow-up-on-a-job-interview-without-being-annoying
It's up to you to humanize the job hunt process
The Question:
The job hunt has become so impersonal now. Where is the “human” in human resources? I am currently trying to shift out of the legal field toward a job that I will truly enjoy, but I’m finding it hard for anyone to notice the skills I've acquired outside of my work experience over the past 20 years. I truly hate online recruiting. Is there a way to make this more personal and get past the online job search firewall?
The Answer:
The recruiting process has become an overwhelming process for many organizations. Unemployment rates are high due to layoffs and downsizing by corporations over the past few years. People with jobs are to an extent still feeling overworked and unappreciated. Between these two factors, it’s no wonder that HR people are looking for ways to avoid getting bombarded with mail and calls from people looking for a new job. One job opening could sometimes generate hundreds of résumés. Imagine the amount of time it would take to properly read, evaluate and assess every résumé.
Read more:
http://www.ctv.ca/generic/generated/static/business/article2412259.html
1 comment:
This is a continous process which HSBC is in since last 4 years. Its time to rethink on their policy and top management. They did spent huge amount in advertisement. In good times they paid huge salary at upper levels. Their were year end and mid term conventions in which they had spent crores of rupees.Its the loose policy framework and disgusting CEO who has taken over this company.Recession is one part but they call their branches "MALL" and they spend huge amount in its furnishing and lavish style interiors. The cost of getting these branches on Rent is very high and they have even bought few.One part of employees in HSBC is Union staff who do nothing and have special perks like 6 hours of work and other extravagant benefits. This herd are their since almost 25-30 years and have not donemuch for the growth of the company.They have not been axed by HSBC only becoz HSBC fears any kind of strike or agitation.If so many employees are laid off m sure most of them know each other.They should join hands and build up a strong movement against the company, go for strike,stop your colleagues working their and ask themto join the movement. M sure most of them also have same fear that they may be next to get the termination. This will be a strong force for them to join the movement.This is the only way HSBC can be overpowered and such ruthless termination be stopped.Their are so many social sites where this can be raised and peole can be brought under one banner."United we stand divided we fall".
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