Human Resource Management in FMCG Industry
Jobs increasing in retail industry: Recruitment index
Apr, 2012: TimesJobs.com Bureau
The Retail industry registered 5% growth in the demand index during March'12, highlights TimesJobs.com recruitment index, RecruiteX. The index has moved from 106 in February'12 to 113 in March'12. Whereas, other key industries including high-volume sectors such as IT/Telecom, BFSI and ITeS failed to maintain encouraging hiring momentum. "Retail sector always lend a piece of itself to create employment opportunities across levels and locations.
By 2018, the total worth of the industry will rise to $520 billion combining organised and unorganised sector", stated Riju Vashisht, Executive Vice President-Human Resources, Bharti-Walmart in an interaction with TJinsite, research and knowledge arm of TimesJobs.com.
Retail giant Tesco to create 20,000 jobs in Britain
Mar, 2012,LONDON: Britain's biggest retailer Tesco announced that it will create 20,000 new jobs over the next two years, despite a recent set of poor results.
The supermarket giant will generate the positions through investment in customer service, refreshing existing stores and opening new ones.
"As well as providing a crucial first rung on the career ladder for each individual, this move will be a major step in tackling the current record levels of youth unemployment," the supermarket said in a statement.
Prime Minister David Cameron called the announcement: "a massive confidence boost for the UK economy."
"Their commitment to creating jobs and opportunities for young people at what is a difficult time for the economy is fantastic news for the UK as a whole and for those people they will help into work," he added.
Tesco UK CEO Richard Brasher said major businesses "have a big responsibility to step forward" and provide employment as Britain's economy struggles to recover from recession.
Tesco is the country's largest private sector employer with over 290,000 staff.
P&G to cut about 10 percent of non-manufacturing jobs
Feb, 2012,BOCA RATON: Procter & Gamble Co plans to cut a total of 5,700 non-manufacturing jobs as part of a new plan to reduce costs by $10 billion by the end of fiscal 2016, Chief Executive Officer Bob McDonald said .
The world's largest household products company has about 57,000 non-manufacturing employees among its total workforce of about 129,000.
P&G had already said it would cut 1,600 positions in the current fiscal year. It said it would cut another 4,100 jobs during fiscal 2013, which begins in July.
The company expects to save a total of $800 million from the job cuts, executives said at the annual Consumer Analyst Group of New York, or CAGNY, conference in Boca Raton, Florida.
In total, P&G aims to trim $10 billion of costs, including $1 billion in marketing costs and $3 billion in overhead costs.
After years of expanding, bringing products such as Gillette Guard razors to India and Pantene shampoo to Brazil, P&G realized that it needs to be more nimble in order to ensure strong growth, especially in emerging markets, at a faster clip.
P&G is still the largest consumer products maker but it has been hit by some performance issues lately. For example, it could not make enough of its new Tide Pods detergent for a major in-store marketing push and it had to rescind price increases on items such as Cascade dishwasher detergent after competitors decided not to raise their prices.
P&G lowered earnings per share expectations by 2 cents for the current third quarter and by 7 cents for the fiscal year due to the pending sale of Pringles. It now expects to earn 89 cents to 95 cents per share in the third quarter, which ends in March, and $3.93 to $4.03 per share in the fiscal year ending in June.
FMCG sector tops MBA graduates wish list; Hindustan Unilever as most-preferred recruiter
Jan, 2012,:The fast moving consumer goods (FMCG) sector has emerged as the sector of choice for business school graduates with Hindustan Unilever topping the list as the preferred recruiter, according to a Nielsen survey. Thirty six per cent students preferred a career in the FMCG sector.
In its 12th year, the study took the views of 1,100 final year students from the top 35 B-schools in India in October-November last year. A majority of students also felt that FMCG has the highest growth potential.
After FMCG, top sectors of choice are management consulting, IT consultancy and services, investment banking, foreign and domestic banks, IT product and development, financial institutions, retail and conglomerates. Amongst the recruiters of choice, HUL was followed by Google, Aditya Birla Group, Accenture, McKinsey & Co, Infosys, P&G, BCG, Citi Group, Microsoft, TAS and Axis Bank.
"With the FMCG growth in the country being driven by consumption, the sector continues to find favour with students who see it as a sector with huge growth potential," says Nielsen executive director Dinesh Kapoor.
HUL's executive director (HR) Leena Nair said the economic environment has helped FMCG to be the sector of choice amongst the future talent.
"The finance sector probably lost out due to the environment. There is also excitement and speed of working in the FMCG sector, which do attract young talent. Companies like HUL have big leadership practices and brands which is yet another major attraction," says Nair.Nair says HUL has undertaken a lot of work to become the destination for the best of talent. "We are constantly identifying and grooming the next generation and leaders. We also invest a lot on training and mentoring talent," she said. HUL won the number one position after a decade.HUL was also ranked the 'dream company' amongst B-school companies for the third year in a row, followed by P&G and McKinsey & Co. ITC also made it into the list of dream companies.The average salary expectations of the students from their dream company remained the same as compared to the last year at Rs 16 lakh per annum, reflecting students gave more value to their role and job.However, the salary expectation from a foreign company continues to remain almost double than that from an Indian company.The 2011 Nielsen survey also showed that the top five dimensions students considered when it comes to seeking employment were high degree of independence at work, salary package, learning on the job, growth prospects and standing of the company in the market respectively.
Top executives' exit gives PepsiCo
Feb,2012. NEW DELHI: At least three senior officials have exited PepsiCo India at a time when its global parent has announced 8,700 job cuts, potentially impacting the beverages and snacks maker's performance in the crucial summer season.
"There's a lack of roles in leadership positions; and growth opportunities are limited," a PepsiCo official said, requesting not to be named.
PepsiCo insiders said besides lack of growth opportunities within India and lesser number of roles being created for PepsiCo India officials in its US headquarters compared to the past, the company pushing diversity to accommodate more women in leading roles may have also played a role in some exits.