On a recent earnings call, VV Apparao, Chief Human Resources Officer at HCL Technologies, said that the company will continue its localisation efforts that now stand at 65.6 percent, and that the company is looking to hire 2000 more people overseas in the next fiscal.HCL is not the only company that is stepping up its talent pool overseas, though it has the highest among its peers. In the last two to three years, most IT firms have increased their hiring overseas, in the wake of tightening visa regulations in their biggest market — the US.For instance, Infosys has made a commitment to hire 10,000 locals by over a two year period and has already hired close to 7,500 people so far. TCS and Wipro too are investing significantly in this space.Close But this overseas recruitment come at a cost to the company and the industry ecosystem as a whole, according to industry experts. related news Oil slips to $62 as trade talks between US-China drag on Eureka Forbes IPO … [Read more...] about Overseas hiring eases H-1B visa burden on IT firms, but at a price
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Whataburger is no longer a family-owned business. advertisement In a cross-country leap toward expanding the company’s brand, the Texas burger chain announced Friday that is has sold a majority interest to Chicago-based BDT Capital Partners. BDT is a merchant bank that invests in family-owned businesses. It’s adding Whataburger to a sizable portfolio of food retailers in which it owns majority shares, including Krispy Kreme Doughnuts, Panera Bread, and the recently rebranded Dunkin’. In a press release, Whataburger president and CEO Preston Atkinson said, “We’re excited about the partnership with BDT because they respect and admire the brand we’ve built. They want to preserve it while they help us continue growing a sustainable, competitive business over a long period of time. They don’t plan to change our recipe for success.” Texans may be more concerned with preserving the chain’s actual recipes. Whataburger … [Read more...] about Whataburger sells out to a Chicago bank, and Texans are already worried about the recipes
If someone asks you the image of the characteristics of a productive person, what comes to mind? Assuming you’ve read at least a few articles about time management, you’ll probably picture an individual who wakes up early, sleeps seven to nine hours a night, and incorporates meditation and exercise in their morning routine. advertisement advertisement Fast Company recently commissioned SurveyMonkey to conduct a study of how people view their own productivity and corresponding habits. The survey polled 3,522 respondents of differing races, genders, age groups, and income levels, about what time of day they feel most productive, how many hours of sleep they typically get, and how often they meditate and exercise. It’s important to note that the data for this survey was self-reported. No one tracked the number of hours participants slept, and they weren’t given a clear definition of what it means to be “productive.” It’s also worth … [Read more...] about Sleep is critical for productivity, but many still aren’t getting enough
Leaders often complain that training employees is expensive—and they’re right. In 2018, U.S. companies spent a combined $87.6 billion on workplace training, according to data platform Statista. At the same time, organizations that prioritize employee development earn median revenues of $169,100 per person, while staff at companies that don’t highlight training make $82,800, as reported by a 2015 study by consulting firm Cornerstone On Demand. advertisement advertisement Employees also seek companies that support their growth. In a recent survey, PwC Global asked millennials what they look for in an employer. “Opportunities for career progression” was the number-one response, followed by salary and financial incentives. Excellent training and development programs ranked third on the list. The findings reveal a fascinating disconnect. We know that training is essential, yet when budgets are tight, it’s one of the first things that a company … [Read more...] about You don’t have to spend big to train your employees
The red pencil is feared by rookie writers and well-established authors alike–the editing process is, by design, adversarial. I can name you at least one restaurant critic who has fired off a coruscating email to an editor who dared change one word in a review (he got a civil yet also coruscating reply from the editor’s colleagues). advertisement advertisement And now it’s about to be crowdsourced, by a new publishing firm that’s led by thriller writer Hector Macdonald. Macdonald, who studied zoology at Oxford under Richard Dawkins, has also worked as a strategic communications consultant in both the private and public sector–a job with striking parallels to that of the crowdsourced editor-had three novels published by Penguin in the past decade. And his fourth, Rogue Elements, is about to be published by Advance Editions, Macdonald’s own publishing firm, which Macdonald hopes will use the not inconsiderable resources of book lovers that … [Read more...] about Wikipedia–But For Books?