Be Merry at Work Too

Indian manufacturing can create 13 million jobs, says Accenture



"The working population of 600 million in the country needs labor

intensive manufacturing activities like electronic and computer assembly. This

job addition will offset the drop in employment in the unorganized sector,"

said Accenture’s partner Sudarshan Sampatkumar. According to a study by

Accenture a management consultancy firm, through world class working practices

and competitiveness, Indian Manufacturing sector can create 13 million new jobs

and attract Foreign Direct Investment worth US$ 75 billion by 2006. '

Humor in corporate management



Did you know that the world’s largest computer corporation IBM has a humor

advisor? 51 out of 54 CEOs told the Fortune magazine "Yes! Humor has an

important role to play in enhancing the overall performance of companies."

Speaking on ’Humor in Corporate Management’ at a meeting of the 8 O’clock

Club, an association of IT and technology professionals in Hyderabad, Narendra

Luther said: "Humor, jokes and jokers should not be treated lightly!"

Giving examples where humor had helped in soothing tense moments, Luther, a

former bureaucrat, said at a difficult meeting between the Russians and the

Americans on disarmament, the Russian side came up with an interesting

definition of Socialism and Capitalism. They said, "In capitalism man

exploits man, while in Socialism, it is the other way round."

The Forwarder’s Checklist I will NOT get bad luck, lose my friends, or lose my mailing lists if I don’t forward an e-mail! Bill Gates is NOT going to send me money, Victoria’s Secret doesn’t know anything about a gift certificate they’re supposed to send me. I will NEVER receive gift certificates, coupons, or freebies from Coca Cola, Cracker Barrel, Old Navy, or anyone else if I send an e-mail to 10 people. There is NO kid with cancer through the make-a-wish program in England collecting anything! He did when he was 7 years old. He is now cancer free and 35 years old and doesn’t want any more post cards, or get-well cards. And finally, I WILL NOT let others guilt me into sending things by telling me I am not their friend or that I don’t believe in God. If God wants to send me a message, I believe the bushes in my yard will burn before he picks up a PC to pass it on! Now, repeat this to yourself until you have it memorized. And if you will send to at least five of your friends before the next full moon–you will surely be constipated for the next three months and all of your hair will fall out!

CEOs to waive bonus, take salary cuts



The chief executives of Pearson Plc, Motorola Inc and Royal Philips

Electronics NV are among the latest in a spate of CEOs to forgo bonuses and take

salary cuts as their companies lose money. The Pearson Chief Executive Officer,

Marjorie Scardino, declined a Pound 157,500 ($225,000) bonus for 2001 after the

owner of the Financial Times posted a full-year loss of Pound 391 million from a

profit of Pound 179 million a year ago. Philips reported its first annual loss

since 1996, while Motorola had its first annual decline before restructuring

costs in 71 years. "Underperformance should equate with reduced or

non-existent bonuses for management because performance and pay are

linked," said Peter Bracken, head of communications at Whitehead Mann Group

Plc., head-hunting firm. Other companies that cut CEO and! top management pay

and bonuses are McGraw-Hill, Marriott International, Boeing, Daimler-Chrysler,

JP Morgan Chase and Royal Bank of Scotland.

Microsoft India to double staff



Microsoft India would double the number of workers at its Hyderabad based

software development center in one year, Managing Director Rajiv Kaul said.

"Our objective is to double the size of the manpower to 300 over the next

12 months," he said, the company would invest $50 - 75 million over the

next 12-18 months in hiring new professionals and expanding infrastructure at

the center.

Andersen to cut 6,000 jobs



Andersen is planning to declare within a week that at least 6,000 jobs, over

20% of its workforce, will be axed in the US. The US practice, which employs

28,000 of Andersen’s 85,000 worldwide staff, is reeling from criticism and has

lost business over its role in the Enron scandal. Paul Volcker (former Chairman

of the Federal Reserve) has recommended that Andersen should remodel itself as a

pure audit firm.

Team DQ