Retail Banking: Yelp Desk

RBI report shows that foreign banks generate the most customer complaints

While people continue to criticise the services offered by public sector banks, it is foreign and private players who seem to be attracting the most complaints.
According to the Annual Report of Banking Ombudsman Scheme (2008-2009), published by the Reserve Bank of India, the number of complaints received per 1,000...

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Hatching a Hatchback

I got the opportunity to test drive the ‘new’ Maruti-Suzuki Wagon-R, a few days ago

I got the opportunity to test drive the ‘new’ Maruti-Suzuki Wagon-R, a few days ago. Here is my very brief report. In terms of usable space inside, it is bigger than its predecessor, and it is almost as good as the old Maruti Omni van. It goes without saying that the box-shaped rear compartment was designed...

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New recruits to form 6%-10% of companies’ workforce by year-end: Study

As per a survey conducted by HR consultancy firm Mercer India Monitor, corporate India continues to grow with many firms not only filling vacant positions but also actively recruiting new staffers

With hiring activity in the country expected to continue unabated, about 6%-10% of the total workforce of the firms may consist of new employees by the year-end, reports PTI.

As per a survey conducted by HR consultancy firm Mercer India Monitor, corporate India continues to grow with many firms not only filling vacant positions but also actively recruiting new staffers.

Around 80% of the over 79 companies included in survey plan to hire more people in 2010 than they did in the previous year, it said.

"Recruitment will continue through the rest of 2010 and by the year-end, 6%-10% of the total workforce of participating organisations is expected to consist of new hires," the Mercer report stated.

However, many companies also expect higher attrition over the next few months with the recent revival of the job market, also resulting in an increase in hiring activity.

In terms of sectors, around 60%-69% firms in the IT & telecom, chemical & fertilisers and pharmaceuticals sectors intend to hire more employees.

A net addition in headcount was indicated by about 81% and 100% companies in the manufacturing and auto sectors respectively, the report added.

More than three-fourths of the respondents planned to hire in the first half of this year, with maximum recruitment activity expected in mid-level positions of non-sales and general management.

However, when asked which functions were likely to see the most vacancies being filled, a majority of the companies surveyed said they would be recruiting for the research & development (R&D), sales & marketing, and production and manufacturing functions, it added.

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