FRIDAY, JANUARY 3 - 9, 2014 • 8 Pages www. enritimes.
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A spectacular display of fireworks ushered in New Year-2014 in Dubai, with fireworks
decorating UAE night sky, creating a new world record.
Zensar to
hire 600
MUMBAI: RPG group com-
pany Zensar Technologies
plans to hire up to 600 em-
ployees in the next financial
year, as it expects a strong
rebound in demand for soft-
ware services.
“We are in the process of
finalising our hiring plans
for the next year. I expect
2014 to be a phenomenal
year for the Indian IT indus-
try, given the signs of eco-
nomic growth in all major
markets and the strength in
our business model,” said
Ganesh Natarajan, CEO of
Zensar. Natarajan revealed
(Contd. on page 2)
Reprieve for expat teachers
RIYADH: Expatriate women
teachers have heaved a sigh
of relief over a government
announcement that they
have until the start of the new
academic year to transfer
their sponsorship to schools.
Nevertheless, teachers
and educators said that the
ministries of education and
interior have not resolved
several issues regarding the
process including whether
expatriate workers can return
to the sponsorship of their
fathers or husbands.
Teachers also wanted to
Saudi accord with India on hiring domestic workers
RIYADH: As part of a com-
prehensive plan to stream-
line the domestic service sec-
tor, Saudi Arabia has decided
to sign agreements with six
labour-exporting countries to
recruit domestic helpers.
“Labour Minister Adel Fakeih
is in New Delhi to ink the
new labour pact for the re-
cruitment of domestic work-
ers from India,” Dr. Ahmed F
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PBD - 2014 CURTAIN RAISER on Page 8
NEW DELHI: It may rain jobs in the new year as compa- new banking licences will be a major contributor, while IT,
New Year ushers in eight lakh jobs
nies are gearing up to add over eight lakh new employees healthcare, agri business, infrastructure and education sec-
to their payrolls and dole out salary hikes of up to 20pc to tors are also likely to witness robust hiring trends. “Last
best performers in 2014, say experts. As per estimates of calendar year was not good either for job-seekers or for em-
various HR consultants, 2014 seems very promising for job ployers due to uncertain and fluctuated economical and
market unlike 2013, when hiring went slow across mid and political conditions. 2014 is coming with positive vibes for
senior levels and recruitments were done only to job-seekers and expecting to create 8.5 lakh new
(Edit on page-6)
replace “key” gaps. In the new year, the country is jobs in different sectors,” Rajesh Kumar, CEO,
likely to witness a huge surge of opportunities for job seek- MyHiringClub.com & FlikJobs.com said.
ers with more and more corporate investing in their busi- With regards to salary, the average hike for most sectors
nesses. “Yes, 2014 looks bullish on hiring. This year will is expected in single digits, while top performers can ex-
be seen as a good happening year from the jobs perspective pect pay rise of around 15 to 20pc in 2014, experts say.
as the global economy is improving and India being one of “This New Year is going to bring cheer for employees with
the largest service providers for the global market,” leading a salary hike of double-digit of at least 10 to 12pc. In 2014,
executive search firm GlobalHunt MD Sunil Goel said. companies are expected to revise the compensation pack-
According to industry estimates, over 8.5 lakh new jobs age and explore a more motivational approach,” Indian
may be created in the calender year 2014. The issuance of (Contd. on page 2)
Saudi to open up 7 job Saudisation slows
down retail business TP Seetharam, new
sectors for expat women JEDDAH: Saudisation has
resulted in a short-term
Indian envoy to UAE
RIYADH: The ministry of la- as part-timers or remotely They said the MoL had slowdown in the retail sec- ABU DHABI: TP Seetha- Indian embassy in Phnom
bor (MoL) is set to allow com- and their qualifications and placed impossible conditions tor as lower demand and ram is the new Indian Am- Penh (Cambodia) during
panies to hire expatriate experiences should match on the sector because there higher wages squeeze profit bassador to the UAE. He 1992- 1993. Besides these
women in seven business ac- the requirements of the jobs. were not many Saudi women margins, according to a NCB is expected to present his diplomatic roles, he was a
tivities including health, edu- They should fall within pre- available for these jobs. Many Capital report. Neverthe- credentials to the UAE Press Secretary to former
cation, dressmaking, child- scribed age limits, with the retail shops had closed down less, NCB said in its Q4 President His Highness Indian president KR
care, in wedding halls and as exception of the health and because of these conditions, update report on the Saudi Shaikh Khalifa Bin Zayed Narayanan during 1997-
cleaners. education sectors, the plan they said. Investors called on retail sector that it viewed Al Nahyan soon. Previ-
According to a draft plan said. the ministry to reconsider this period “as an opportu- ously, he served as Indian
prepared by the ministry, the Meanwhile, owners and implementing the 100pc nity to enter stocks for the envoy to Mauritius from
hiring will take place follow- operators of women’s acces- feminisation of lingerie shops long-term”, the Saudi Ga- Sept 2011 to November
ing approval of the HRD sory businesses called on the in three years. They said it zette reported. 2013. Seetharam has
Fund, which showed that authorities to allow foreign was impossible to have “Macroeconomic drivers handled India’s bilateral
there were no Saudi women women to work in lingerie 100pc Saudi staff at lingerie in Saudi Arabia remain relations with individual
available for these posts. The shops and have them form shops because women were strong with consolidation of nations in Europe as well
foreign women recruits part of required Saudisation not willing to work in these fragmented sectors support- as the EU in New Delhi as
would not be allowed to work quotas like other sectors. stores. ing the long-term growth Additional Secretary, West
outlook for stocks under our
Europe during 2010 - 2011 2000.
coverage,” Farouk Miah, and as Joint Secretary Seetharam has consider-
head of equity research at Central Europe during able experience in South-
NCB Capital, said. Miah 2009-2010. ern Africa having worked
know if their husbands year. However, all teachers leaving a school. The stu-
said NCB had upgraded re- With Permanent Mis- in Lusaka, Zambia (1984-
would lose the perks of their must transfer their sponsor- dents are the ones most af-
tail and real estate firm Al
marital status contracts. ship at the start of the new fected. Even if these sion of India in Geneva, he 1986) and having helped
Hokair to “overweight” with
Abdullah Ahmed Thaqfy, academic year, he said. This schools hire new teachers, was Minister (Disarma- open Indian offices in
a Price Target (PT) of
director of the education de- came as a relief to many it does not mean the stu- ment) dealing with Con- Windhoek, Namibia (Jul
SR146.7 ($39.11) as it
partment in Jeddah, revealed teachers who had planned to dents will get along with ference on Disarmament 1989- Nov 1989) as well as
should be amongst the least
that education ministry offi- leave their schools by Jan. 6. them. It’s very important during 2000-2003. He has in Johannesburg (1993 -
impacted by Saudisation
cials had talks with their Many had already resigned for the Education and worked as Deputy Chief of 1995) and Cape Town
with multiple sources of
counterparts at the labour from their schools, resulting labour ministries to think Mission in Bangkok (Thai- (1996- 1997) in South Af-
growth supporting its out-
ministry to extend the period in the disruption of classes. carefully before taking any land) and also served in rica. (Contd. on page 2)
look.
until the new academic year, Shagufta Jamil, a mother, action,” said Jamil.
which would start around
Sept 1, 2014.
said the situation had re-
sulted in her daughter’s en-
AirAsia to woo
Thaqfy said the ministries
approved the concession to
tire class failing their math
paper because there was no
first time travellers
teacher available. “This is not NEW DELHI: AirAsia India, a joint
ensure there was no disrup-
the only case of a teacher venture between Air Asia Bhd
tion of the current school
(49pc), Tata Sons (30pc) and
Telestra Tradeplace (21pc) will tar-
get “first-time travellers”, AirAsia
Al-Fahaid, deputy labour tries, such as Indonesia, India Chairman S. Ramadorai has
minister for international af- Nepal, Vietnam and Cambo- said.
fairs, revealed. Al-Fahaid dia, are also working closely Compared with the Tatas’ other
pointed out that “India is the with the Kingdom to sign the aviation venture Tata-SIA, this
second country after the Phil- agreement in the near future, budget airline, which will operate
ippines to endorse a historic he said. point-to-point flights mainly from
labour co-operation agree- In reply to a question Tier-II Indian cities, has been
ment for domestic workers.” about other labour exporting slower on the takeoff. “But the
Sri Lanka will ink a simi- countries intending to deploy moment the clearances come, we
lar labour pact in the Saudi domestic workers, he said the have done all the background
capital on Jan 14, he said. labour ministry has no plans work and will be ready to take off
Major labour-exporting coun- (Contd. on page 2) immediately.”
Buying Selling
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65.35
105.05
71.35 EMPLOYMENT & NRI TIMES
82.70 87.00
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152.80 174.35
200.30 233.00
15.75 18.30
15.60 17.95
149.35 170.50
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