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Amenities to employees outside CTC may trigger GST liability

Admin| Mar 30, 2017 - 01:58 AM

Amenities to employees outside CTC may trigger GST liability

MUMBAI: An employer-­employee relationship is something which is no longer the sole purview of the HR department. Under GST, which is set to be introduced from July 1, the taxman could also be probing into various facets of it. GST would be payable if there is a supply of free goods or services to an employee exceeding the stipulated sum, if an employee avails of a company asset for personal use (say, a car), it would trigger GST.

Also, input tax credit will not be available on supply ......

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Rivigo looks to hire 450 this quarter

Admin| Mar 21, 2017 - 11:50 PM

Rivigo looks to hire 450 this quarter

BENGALURU: Logistics startup Rivigo is looking to hire about 450 people over the next three months, as it continues to scale up and expand its business. The Gurgaon-­based company, which recently raised debt financing of Rs 100 crore from a clutch of private sector banks, expects the hiring to be complete by June­-end.

“We will continue to digitise and transform the logistics sector in the country, and are in the process of building many core technology products, for which we......

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Career opportunities for women in BPM industry

Admin| Mar 21, 2017 - 12:50 AM

Career opportunities for women in BPM industry

With the economy, its component sectors too are undergoing change. The most radical one being the intervention of technical, digital and analytical practices and technologies in every sector – particularly the service oriented ones. The best example here can be the traditional BPO industry which has transformed to a new, hip version of itself in the form of BPM sector.

BPO is no more about servicing offshore clients alone. The industry has expanded its role in varied sectors and provides ......

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60 percent employees say performance appraisals are a waste of time, 70 Percent say no idea how they are evaluated

Admin| Mar 18, 2017 - 01:12 AM

60 percent employees say performance appraisals are a waste of time, 70 Percent say no idea how they are evaluated

NEW DELHI: Organisations need to make staff appraisals more transparent and useful as most employees are neither fully conversant with the process nor do they see them as a worthy task to perform. 

Majority of the employees find performance reviews in their organisations opaque, cumbersome and a waste of time, reveals a TimesJobs survey, 'The Performance Review Puzzle', of more than 1,200 employees in various kinds of organisations. 

Sixty per cent employees said the performance review......

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Startups want to ensure candidates fit into their culture

Admin| Mar 02, 2017 - 11:05 PM

Startups want to ensure candidates fit into their culture

BENGALURU | NEW DELHI: If you’re interviewing for a job at online grocery store BigBasket, you can expect an email to reach your inbox that lucidly describes four core values and as many cultural components of the company.

This, said human resources head Hari TN, is the Bengaluru­-based company’s way of demystifying the idea of ‘cultural fitment’ for potential employees before they become a part of its 14,000­-strong family.

“When we send this documen......

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Senior talent chooses job security above fat pay or startup experience

Admin| Feb 27, 2017 - 11:37 PM

Senior talent chooses job security above fat pay or startup experience

MUMBAI: A veteran in the consumer goods industry recently got an offer to join an ecommerce major at a top position. He rejected it summarily.

Another executive who was identified by a startup to hire as its corporate affairs head suddenly got cold feet. In his case, the company in question had very recently raised funds and was doing well, but that didn’t provide the security he wanted. “Startups are unstable,” he told the recruiter mandated to carry out the search.

Wha......

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DBS to hire 100 technology skilled professionals through hackathon

Admin| Feb 21, 2017 - 11:52 PM

DBS to hire 100 technology skilled professionals through hackathon

NEW DELHI: DBS, Singapore’s leading bank plans to hire 100 technology skilled professionals, in emerging and disruptive technologies across cloud, machine learning and Big Data through a hackathon.

The 100 new selects will join DBS Asia Hub 2 in Hyderabad, India, according to a release. This coding challenge, which has already received more than 3000 applications, is open to both fresh graduates and experienced professionals who can apply up to March 12,2017.

Mohit Kapoor, CEO, DBS ......

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Hiring in Infosys drops for the first time in 33 years since its birth

Admin| Feb 14, 2017 - 10:32 PM

Hiring in Infosys drops for the first time in 33 years since its birth

HYDERABAD: Infosys, in its 33 years of existence, has for the first time recorded negative growth in employee hiring this fiscal, said a senior official of the Telangana Government today, citing the IT giant’s co­founder N R Narayana Murthy.

Jayesh Ranjan, Secretary of IT Department, quoting Murthy, said the Bengaluru­based IT bellwether had recruited about 6,000 people so far in the current fiscal as against 20,000 to 25,000 every year.

“Mr Narayana Murthy told me (re......

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H1B salary hike plan: L&T Tech fears 2.5 Percent hit on margins

Admin| Feb 09, 2017 - 12:54 AM

H1B salary hike plan: L&T Tech fears 2.5 Percent hit on margins

MUMBAI: L&T Technology Services today said its pre-­tax profit margin may be hit by up to 2.5 per cent if the US hikes minimum salaries for H1­B visa holders to USD 1,30,000, and that it is working on alternatives, including shifting the jobs to India.

“We have over 1,600 engineers in the US and around 65 per cent of them are on H1­B visas. If the salaries were to be hiked, our calculations suggest an impact of 2­2.5 per cent on Ebidta margins,” Managing Dir......

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Reskilling, not recruitment, the new focus of IT majors

Admin| Feb 06, 2017 - 11:34 PM

Reskilling, not recruitment, the new focus of IT majors

BENGALURU: The landscape of the $150 billion Indian IT industry is changing, perhaps more quickly than ever, as companies hire fewer freshers due to automation of entry-­level jobs.

Most large IT services companies have been investing in automation of processes in their traditional businesses like business process outsourcing (BPO) and application and infrastructure management, which means fewer engineers will be required at the lower end of the pyramid. And with US President Donald Tr......

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