1.
Changing landscape of hiring: LinkedIn reveals top social
recruiters in India
The company just released the list of recruiters in India who
lead in terms of smart hiring.
Technology
has made the world a smaller place and people more connected than ever.
Leveraging this power of connecting with people in smarter and better ways,
recruiters have taken to the social professional route to find the best talent
from an easily accessible large pool.
In
that, some recruiters are consciously and innovatively engaging with their
networks to establish employer brands while hiring quality talent.
Acknowledging such smart social recruiters, LinkedIn just released the list of
recruiters in India who have been ahead of the curve when it comes to hiring
smartly.
From
helping professionals discover and explore their dream jobs to fuelling
business growth, these recruiters continue to reimagine possibilities. This
year, LinkedIn celebrates the spirit of ‘possibilities’ with recruiters, who
make dreams possible and connect the dots in the world of networking.
2.
Cognizant to trim
workforce by five per cent
In an endeavour to shift its focus from traditional IT
services to digital, the company plans to trim its workforce.
In a move that may
create a stir in the IT industry, Cognizant Technology Solutions, which has a
significant workforce in India, is apparently looking at reducing its employee
count by as much as five per cent.
As a common practice
across IT firms, as part of the annual appraisal exercise that ends in March,
the bottom one per cent of the workforce is weeded out for non-performance.
However, Cognizant, in an endeavour to shift its focus from traditional IT
services to digital, is reportedly looking ahead at a sizeable trimming of its
workforce, by doing away with redundant roles. The company has around 260,000
employees in its workforce, of which around 75 per cent is based in India.
As part of its
workforce management strategy, the company conducts regular performance reviews
to ensure it has the employee skill sets necessary to meet client needs and
achieve its business goals.
This process results
in changes, including some employees transitioning out of the company. A
spokesperson shared that in any given year, the numbers may bounce a percentage
here and there, but resizing the employee base is part of its standard practice.
At the same time, the company will continue to enhance its capabilities and
hire for roles across all practice areas.
3.
No pre-paid paper meal vouchers from 2018:
RBI.
According
to the new circular by the RBI, all the meal vouchers shall be in the electronic
form, including cards and they should be reloadable.
Now, organizations
need to digitally transfer all the prepaid meal vouchers. According to the new
RBI guidelines to banks and non-bank entities, no paper meal vouchers will be
valid post December 2017 under B2B arrangements. Usually a paper meal voucher
is valid till 6 months from the date of issuance. So according to the circular,
if paper meal vouchers are to be suspended, then HR of all organizations must
take proactive measures from June/July 2017.
These prepaid
vouchers must be in the electronic form, including cards and should be
reloadable. Digital meal vouchers will allow companies and also the HR to
seamlessly automate the cumbersome employee reimbursements like food, travel
and medical expenses quickly and easily with the wallet. This will save
precious time, effort and enhance efficiency of usage among both corporates and
employees in addition to giving them more choice of outlets and reducing
pilferage.
"The new Master
Direction is a step forward in making India Digital. The guidelines will ensure
the overall strengthening of the system. We are excited about it. To move to
electronic meal vouchers has been a communicated in the past too. But this new
direction will now remove any ambiguities. The discontinuation of paper-based
meal vouchers serves a broader interest to the country by eliminating the
existence of an anonymous parallel currency,” said Bhavin Turakhia, CEO and
Co-Founder at Zeta.
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