Who is the world's worst accountant?

The problems at Enron have highlighted what can happen when an accountant goes off the rails. Indeed, the energy giant's former CFO Andrew Fastow was sentenced to ten years in a US jail for his sins.

But a brief trawl through the AccountancyAge.com archives reveals a surprising number of finance professionals, fake accountants and just plain fraudsters who have been tempted to fiddle the books.

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Hindujas set up 1,000-seater BPO in Mysore

HINDUJA TMT, a leading IT and ITES player, has forayed into its first tier II location with a 1,000 seater BPO facility in Mysore and this is expected to grow into a 2,000 seater in the next two years. It is expected to make an investment of around Rs 20 crore in two years.

The Mysore centre will initially cater to the domestic market and later on to overseas clients once the operations are in full swing.

"The talent that is available here is at par with the talent base that we have pan India and hope that by moving here we will have better access to manpower which will also help in containing attrition rates," says Satya Sai Sylada, head of HR, HTMT. B N Narasimha Murthy, senior vice president, domestic markets and transition, HTMT said: "The opening of HTMT's Mysore Centre of Excellence signals the start of our expansion into tier II cities in the country.

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US engg jobs continue to go to India

US engineering jobs are being "offshored" to countries like India and China, a trend that is "gaining momentum", says a study just out.

But it says that it is still "not clear" whether this would erode US competitiveness or provide long-term benefits to the West.

"What is clear is that there is insufficient independent research on this study," says the study by the Durham, NC-based Duke University's Pratt School of Engineering Research. The study is titled "Industry Trends in Engineering Offshoring".

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1,000 trainees inducted into Gems SEZ institute

Chief Minister Dr Y.S. Rajasekhara Reddy (Andhra Pradesh) today handed over one thousand appointment letters to on-job trainees (including 600 women) who had been selected to be trained at the newly opened Diamond Training Institute of the Hyderabad Gems SEZ, promoted by the Gitanjali Group.

Formally handing over the appointment orders to the trainees at Secretariat, the Chief Minister expressed happiness over creating jobs to local unemployed youth and congratulated the group of youth, which included a disabled person.

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Delhi among top hubs for outsourcing

Indian cities led by Delhi’s national capital region (NCR) have grabbed the top seven slots in a global ranking of the competitiveness of cities as outsourcing destinations. Close on the heels of Delhi are Bangalore, Hyderabad and Mumbai, according to a study released by US-based consulting firm neoIT.

The other three Indian cities at the top of the list are Pune, Chennai and Kolkata in that order. Ho Chi Minh City (Vietnam), Manila (Philippines) and Shanghai (China) are the three non-Indian cities which figure among the top 10 offshoring destinations.

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Hotel Industry Salaries To Move Up The Ladder

The salaries of hotel employees have increased by 20 pct-25 pct in the last one year. According to the latest report of HVS International, a hotel consulting firm, salaries at the managerial level have taken a quantum leap, anywhere between 60 pct-100 pct in the last three years and are expected to rise further. The shortage of manpower, especially of skilled manpower for the hotel industry, is one of the main reasons for the hike in salaries. According to the HR heads of various hotels in India, only 20 pct of fresh hotel management graduates choose to work in hotels, with a major chunk being employed by airlines and BPOs. With this kind of demand, salaries will further rise. As salaries are rising and the industry is facing manpower crunch, various solutions are being considered by industry heads.

Source: 30-10-06 The Economic Times New Delhi Edition

IBM second largest BPO employer in India

IBM has emerged as the 2nd largest BPO in India today. After acquiring e-Daksh in 2004 which had a headcount of 6000 employees at the time of aquisition has grown to 20, 000 employees. IBM-Daksh added over 10,000 staff in the last 12 months ( phew ! I wonder how they recruited).

But what would be quality of the services of these companies. At the same time, some of the problems that have dogged the sector could become bigger. For starters, quality, so essential for the tasks, could get diluted. As companies hire in large numbers, managing growth is going to be a key challenge.

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TCS to invest $109M in new Pune facility

IT - Services industry is on the boom breaking all the barriers, more and more companies are investing in new facilities, Thus opening further more opportunities for jobseekers.

Recently TCS announced that they will be investing $109 Million in their New Pune facility. After the BPO Industry - IT Service companies like TCS, Wipro, Infy etc are eyeing the small towns in India to find talent for thier needs. As India Inc is growing at a faster pace they will further venture into more smaller towns, thus providing a golden opportunity for the youngsters in these towns.

So you ppl in small towns dont worry may be some of these companies are coming to your town soon .... keep your fingers crossed.

Do go through the article below. Comments appreciated.

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MUMBAI: Tata Consultancy Services Ltd, India's top software services exporter, said on Saturday it plans a new software development center in Pune.

The company also said it plans to hire 9,000 people by March 2007 for its existing unit in Mumbai and the one in Pune.


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AMD To Double Staff In India

Amd one of the leading microprocessor and graphics and media solutions company is planning to ramp up its engineering staff in India to 200, as it seeks to step up sales in the country.

Besides platform engineering and R&D, the firm is also strengthening its sales and marketing teams at its centre in Bangalore.

Amd also want to capitalize on the talent pool and the opportunites India can present as there is ample of talent for R&D activities in India. India is fast becoming a R& D hub for companies worldwide.

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Jobs In India-infocus

This article gives you a quick snapshot of all the hotjobs coming up into the Indian job market in near future.......................

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Genpact to hire 3,600 in 2 months

HYDERABAD: Genpact is now looking at expanding delivery base to tier II cities. The company is planning to take its overall headcount to 45,000 by 2008, besides targeting revenues of $1-billion. Genpact is looking at recruiting about 3,600 people in the next two months in India to add to its current workforce of 19,000.

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Source : Economic Times

3,75,000 network pros needed by '09

HYDERABAD: India is staring at a huge shortfall of 1,00,000 networking professionals, the plumbers of the Internet, by 2009. The demand for networking professionals, currently at 1,55,000, is expected to touch 3,75,000 by 2009, while the supply would remain at 2,75,000. The demand is growing at almost 26% year-on-year, according to a study by the International Data Corporation.

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Source : Economic Times

Campus placements not an entry ticket to Infy anymore

BANGALORE: All is not well at Infosys Technologies’ Mysore Campus — touted as the world’s largest training services facility — where the company puts thousands of freshers through their paces before moving them to the workplace.

Infy freshers at Mysore are learning the hard way that campus placements do not necessarily guarantee a job after the IT major changed its training policy. Until recently, recruits had six options, including two vivas, to clear the training programme. Those who failed had to undergo training again.

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Source : Economic Times

Hinduja TMT buys US BPO co AFFINA

Hinduja TMT has acquired a US-based BPO company, AFFINA, as part of its move to grow the BPO business and substantially expand the number of employees.

HTMT’s turnover will nearly double to about $130m due to the acquisition. Its total number of employees is expected to rise to about 9,000. Hinduja TMT decided in April this year to demerge its BPO business into a separate company and list it on the stock market.

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Capgemini to double headcount in India

BANGALORE: France based IT services company, Capgemini plans to double its headcount in India to 10,000 by the end of next year and is looking at three more cities in the country......

For more info ..
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Payscales In India - Ask what you are worth for !!

Are you being paid peanuts ??

Not aware how to negotiate your salary with your potential employer ??

Awaiting a hike ??

Difficult to predict what would be your next hike ....How to know what would be right pay package you can negotiate with your employer ...These are a few questions pop into your thoughts.This post is dedicated to all those brain stomers who are worried about their hikes / negotiating thier pay with their present / potential employers or just for people who are just figuring out what is their market value.

At times it's really a mess to think about what would be the right package .... Lot of my friends are in a dilema when it comes to the pay packet "What to ask for".... in the background we always keep figuring out "Am I expecting more" or " What I expect is less according to my skills".

According to a salary survey conducted by Payscale.com the projected figures are below :

Median Salary by Job - All People in All Surveys (India)

Currency: US Dollars (USD) Updated: 10/25/2006 Individuals reporting: 17,427

Median Salary by City - All People in All Surveys (India)

Currency: US Dollars (USD) Updated: 10/25/2006 Individuals reporting: 17,422

Median Salary by Years Experience - All People in All Surveys (India)

Currency: US Dollars (USD) Updated: 10/25/2006 Individuals reporting: 17,418

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For personalized salary projections visit www.payscale.com

Mobile handset firms see roaring business in India

More and more global mobile handset manufacturers, including Motorola, Haier and Sony Ericsson, are planning to set up manufacturing units in India to “be where the business is”.

Motorola, the world’s second largest mobile phone firm, is setting up its first manufacturing unit in India during the first quarter of 2007.

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How to Evaluate a Job Offer

How to evaluate your Job Offer ? A tough call to make - for most of us. What are the minutes which need to be analysed before accepting a Job Offer.

You've spent the last few months answering help wanted ads, visiting recruiters, and networking. You've sent out your resumes and gone on a bunch of interviews. And now the moment you've been waiting for is here. It's your turn now. You have some job offers to consider. During those long days pounding the pavement, you didn't think making a decision would be this difficult. But this is serious business. The job you take now may be yours for a long time to come.

What's the most important thing to consider? Is it salary, health benefits, or vacation time? Or could it be the corporate culture or the length or your commute? What about your boss and co-workers -- will working with them be pleasant? As you can see there are a number of factors to take into account and only some are negotiable.

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Fujitsu, Hitachi to outsource software development to India

Fujitsu Ltd, Hitachi Ltd and other Japanese technology companies plan to farm out software development to India in order to lower costs and cope with staffing shortages.......

A whole lot of new employement opportunities awaiting.........

Read here

When its time to GO -- !!!!

I was just cruising different blogs this morning and came across this interesting post "When its time to GO" by Mr. Ben Gothkin. He has penned down his views, why and what are the reasons for his job shift.

According to him its not his boss, his job, his compensation, etc which pushed him to look for a change. He's only leaving because he'd been presented with an opportunity to move up into a strategic leadership role, an opportunity that would not have happened with his current employer for at least a few more years.

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Do you agree on the same ???