Homing Pigeons Ahoy!

77% IIM Ahmedabad grads go for desi jobs



The recession plaguing economies worldwide and the pink-slip syndrome seem to be
a blessing in disguise for the country. According to statistics compiled by

IIM-Ahmedabad’s placement wing, at the end of this year’s placement season,

119 of the total 155 strong class of 2002, have opted for jobs within the

country. India is followed by Britain as the second most preferred destination

bagging 9% (14 students) of jobs on offer, and the United States coming in a

close third with 8% of the jobs (12 placements). Only 6% have accepted jobs in

Germany, Japan, Singapore, and Hong Kong.

Develop early warnings system: Premji



Delivering the 37th annual convocation address at the Indian Institute of

Management Ahmedabad (IIM-A), this is what Wipro Corporation chairman Azim

Premji suggested to the 155-odd graduating students–"For staying afloat

in a changing world, anticipate change even when things are going right so that

you are ready for it when it comes. Constantly ask yourself what new skills and

competencies will be needed." Elaborating on the mantra of managing change,

Premji said, "Change descends on everyone equally; it is just that some

realize it faster. You must develop your own early warnings system, which warns

you of changes and calls your attention to them because being forewarned is to

be forearmed."

Pay

packages will rise less



HR consultants expect hikes in compensation packages to be slim and

definitely worse than the last year’s offers. Hewitt Associates has projected

a 10.7 % rise in salaries at various levels and across industries for 2002. In

its estimate, salaries actually rose by 12.8 % in 2001. However, sources said

the actual hikes in 2002 could be lower than the projected figure. "Our

estimates show that the actual is lower than the projected. We think that the

actual hikes in 2002 will be in the region of 9.9 %," sources at Hewitt

said.

PCCW to cut 1,400 jobs



Pacific Century CyberWorks, Hong Kong’s biggest phone company, was

planning to fire about 10 % of its staff before the Easter holidays at the end

of the month, the company’s general union said, after surveying more than

2,000 employees. Company controller Richard Li couldn’t guarantee no further

staff cuts, after about 1,000 jobs were pared last year. The sacking helped lift

earning before interest, taxes, depreciation, and amortization last year by 20%

to HK $7.4 billion.

TI India to hire 800



The wholly-owned subsidiary of the $10-billion Texas Instruments Inc, Texas

Instruments (TI) India, plans to add 800 people to its research and development

facility in Bangalore in the next four years. This expansion will take the

number of employees from the existing 700 to 1,500.

Team DQ