Article From HCI Executive Director

Sumeet Varghese who is currently the Executive Director of Human Capital Institute (HCI) in India wrote a fantastic article for HRO Manager. The article draws a realistic picture on globablized India and the importance of cultural values. Human Capital Institute is a high profile global HR institute and is well known for its advanced HR training workshops and research.
You can view the entire article by clicking here : HR Outsourcing

Upcoming HRO Workshop

A workshop on Understanding and Integrating Talent Management Technologies is planned by Human Capital Institute of India in Bangalore. The event is scheduled to take place this year on August 23rd. The workshop is going to be facilitated by Alan Schweyer, President and Executive Director for Human Capital Institute. Alan is best known for his long years of experience in HR and his famous book writings such as Talent Management Systems: Best Practices in Technology Solutions for Recruitment, Retention and Workforce Planning.
For complete details of this event please visit: HR Outsourcing

Mid-Size Market Demand

Though it is unlikely that we will see large size contracts in the short term, mid-sized market demand is definitely showing signs of continued growth and is expected to grow significantly in the future years.
Please view the complete article on the prospects of HRO growth :
Mid-market Growth Takes Off

IT Major Wipro Acquisition

It has been reported by InfoWorld that Indian IT Major Wipro is planning to acquire US IT service provider Infocrossing for approximately $600 Million. Infocrossing’s approximate staff of about 900 will be absorbed into Wipro post merger. You can see the entire news article at the InfoWorld site.

Recent AARP Survey

PR Newswire reports that in an AARP survey released today, more than 83% of 401(k) participants were found to not know that they had to pay in fees and expenses associated with their plans. 401(k) plans typically include three types of fees: Investment fees, Administrative fees and Individual fees. When considering any 401 (k) plan, AARP offers the following tips:
Do your homework - Ask the administrator of your plan about any fees that may be associated with specific choices. Compare the fees of various funds in a category and look for those with lower expense ratios.
Talk to your Human Resources Representative - If you find that your plan contains high cost funds, as HR to review the fund offerings and consider switching to those with lower costs.
Make saving a priority - Focus on saving, not on spending your retirement savings. Individual fees from loans, wire transfers and hardship withdrawals can significantly deplete your retirement savings.
Consider No-Load Mutual Funds - Most plans offer several mutual funds to choose from. Select No-Load Funds since they do not charge a sales commission.
Consider Index Funds - Index funds are composed of stocks that mirror a particular stock index, such as the S&P 500. These funds tend to outperform the average fund and generally have lower fees due to less trading and less need for portfolio management.

2007 Health Care Trends

Hewitt Associates recently released the Emerging Health Care Trends for this year’s survey results. The summary is now available in the HRO Manager Research section.