HR News: 24 Oct, 2016

1.

Titan reaches out to young talent with ‘Titan Elevate’.

The programme was launched in 2014 in 11 premier B-Schools to engage with young minds and raise awareness about the brand.

In a bid to reach out to young talent and help them associate with the brand, Titan, the world’s fifth largest watch manufacturer recently held the grand finale of its third Titan Elevate programme, at Royal Orchid, Bangalore. This distinctive and thought-provoking programme for young and promising individuals welcomed over 1300 participants this year.

The victors at the Titan Elevate 2016 were Pragya Mehra and Priyansha Jain from MICA- Ahmedabad, who were national winners, and Radha Raman from XLRI-Jamshedpur, who was the runner up.

2.

Vedanta introduces new parental leave policy

Adoption leave of 12 weeks and paternity leave of one week are the new additions besides the 26 weeks of maternity leave.

Vedanta Limited, India’s leading diversified natural resources company has announced an enhanced parental leave policy for its employees. Pacing up with the government’s decision to extend maternity leave to six months and catching up with other organisations who have already improved their parental policies, Vedanta has also enhanced its maternity leave to 26 weeks.

Building upon its employee-friendly policies, the company has introduced a 12-week adoption leave policy and a week-long paternity leave facility. The employees are welcoming the new parental leave programme as the best-in-class in the industry.

3.

Bank of America to cut Asia investment banking jobs

These job cuts— a part of an annual cost trimming plan —will account for a small portion of its total Asia corporate and investment banking staff.

Bank of America is set to cut about two dozen investment banking jobs in Asia, including some top dealmakers, as a slowdown is forcing Western banks to cut costs.

This comes as another blow, after media reports about Goldman Sachs’ plans to cut almost 30 per cent of its 300 investment banking jobs in Asia outside Japan, in response to a fall in activity in the region.

Sources shared with the media, that some bankers handling client coverage and deals will be made redundant, starting this week, with cuts expected in Hong Kong, Singapore and Japan— the bank’s big centres in Asia. However, the total number has not been finalised.