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"We plan to make fresh capital infusion of Rs 750 crore by the end of 2008 for setting up another 150 offices," said Gary Bennett, Managing Director and CEO of Max New York Life Insurance Company, the third largest private life insurance player as of now. The company, further plans to double its employed sales force by the end of next year to support its growth objective in the coming years. Currently, the company has about 240 employed sales force working from 8 offices. — PTI US firm on hiring spree
"We will be investing about Rs 15 crore and creating 5,000 jobs in the next three years," Etech Inc Director Worldwide Operations Jim Iyoob told in Ahmedabad, adding that, "about 1,000 of these jobs will be created in the next 12 months." "We are expanding our operations in Gandhinagar where we currently employ over 800 persons at Infocity," he said. The company would occupy the entire Info Tower-4 building within the Infocity for this purpose, Iyoob said. "We have already inked a deal with the management of Infocity for this purpose", he added. The company expects the tower to be ready before March 2008 and has sought help from both Infocity management as well as the state government to help complete the project on time. "Anticipating our growth, we need to be prepared with the infrastructure any more delays in setting up our tower hinders us to create more jobs here," said Iyoob. — PTI India Inc needs better HR practices A booming economy has thrown up a plethora of job opportunities, making it increasingly difficult for companies to hire and retain the talent pool, experts feel. At present, recruitment is $1.25 billion industry, with a growth rate of more than 250 per cent. However, to maintain the momentum, continuous restructuring and innovation is imperative, experts said at meet on "The Changing Face of Recruitment" by the Elixir School of Recruiting in New Delhi recently. "India is witnessing a war for talent, making recruitment tougher than any other business challenge," EXL Services Head (HR) Deepak Dhawan said. Hiring abroad is easier than in India. Recruitment has taken a new form—that of talent acquisition, Dhawan added. With opportunities in abundance for job seekers, sourcing the right talent pool, in a cost effective way at the correct time is a major challenge for recruiters. Companies that want to succeed would have to re-strategise their hiring methods, experts said. — PTI
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MAX
New York Life Insurance has announced it will double its employed
sales force by the end of next year to support its growth objective
in the coming years, as it seeks to become the top player among
private life insurers.
US-based
ITeS and BPO company Etech Incorporation recently said it will
create over 5,000 new jobs in Gujarat by expanding its operations in
Gandhinagar and Vadodara.
