Headline: Why Top Young Managers Are in a Nonstop Job Hunt
Publication: Harvard Business Review
Gone are the days of the ‘Lifer’. Few people get that Titan watch or the commemorative plaque and the photograph with the CEO who probably has his own plaque on his wall. Attrition is every companies achilles heel and often its the lack of training and opportunities that make the employee want to switch. While it is often the money, the article also says, “Workers reported that companies generally satisfy their needs for on-the-job development and that they value these opportunities, which include high-visibility positions and significant increases in responsibility. But they’re not getting much in the way of formal development, such as training, mentoring, and coaching—things they also value highly.
Headline: Friend, Enemy, Rival, Investor
Publication: The Economist
China accounts for a fifth of India’s overall trade deficit with the world, over half if oil is excluded. Given India’s balance-of-payments woes—the rupee has fallen by a fifth in the past year—even Chinese businessmen worry that the discrepancy in bilateral trade is unhealthy. And it may grow larger. For a start, the little manufacturing India has tends to be quite high-end. As Chinese firms shift to more complex forms of production, they will make life harder for Indian firms. Saif Qureishi of Kryfs, which makes the metal cores of transformers used in, for example, power grids, says China has won a third of the Indian transformer market and is giving locals “a bloody nose”. (The Economist)