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COGNIZANT STARTS INVESTIGATION IN INDIA OPERATIONS FOR PAYMENT OF BRIBES NEXUS BETWEEN HR TEAM AND ENGINEERING COLLEGES

 
 
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COGNIZANT STARTS INVESTIGATION IN INDIA OPERATIONS FOR PAYMENT OF BRIBES NEXUS BETWEEN HR TEAM AND ENGINEERING COLLEGES
by System Administrator - Tuesday, 4 October 2016, 5:08 AM
 

By: M.S.Yatnatti: : "AIUPASA NATIONAL PRESIDENT MUMTHAZ AHMED KHAN (Mobile number 0-9916390790) demands VTU to take actions on bribing allegations against few colleges who are bribing few corporate for campus recruitments by bribing and other colleges lagging behind as they do not bribe..Khan demands investigation by UGC on these allegations in view of reported Cognizant ordering internal investigations.. Investigators also found a breach of internal code when it unearthed a nexus between the human resources team and engineering colleges across Tamil Nadu. Cognizant is a bulk hirer of graduate engineers. It is learnt that investigators are looking at the recruitment process. While sources said that a senior human resources team member has resigned, the company's spokesperson Reportedly refused to take questions on this.

Reportedly Technology Solutions on Friday said it has begun an internal probe to check if any bribes or other unlawful payments were made by it to set up development centres in India.In a parallel development, the company's president, Godorn Coborn, has quit and CEO of IT services Raj Mehta has appointed president. The company did not mention the reasons for Coburn's sudden exit.In a regulatory filing to SEC and the US department of justice on Friday, Cognizant said it was "conducting an internal investigation into whether certain payments relating to facilities in India were made improperly and in possible violation of the US Foreign Corrupt Practices Act and other applicable laws." Voluntary disclosure of violations limits the severity of the fines that are imposed.The filing said the investigation was being conducted with the oversight of the audit committee, with the assistance of outside counsel, and is currently focused on a small number of company-owned facilities.Cognizant's stock price crashed nearly 15% in pre-market trades at Nasdaq as the markets came to terms with the filings.Friday's announcements come at a time when Cognizant has said its current year revenue growth of 8.5% to 9.5% will be its slowest since 1996. Sources privy to internal developments said a team of lawyers from a US firm arrived in Chennai a few weeks ago and were looking into various land deals the company had entered into for setting up development centres. "There were allegations that at various points in time, bribes were paid to different political parties. The investigators were quizzing several people, including senior officials," sources said. Reportedly The company filing to SEC said that on September 27, Gordon Coburn resigned from his position as president and on Wednesday, the board of directors appointed Rajeev Mehta, current CEO, IT services, as president of the company. In connection with his appointment, Mehta's base salary has been increased to $630,000. His target annual cash incentive award remains at 85% of his base salary. Raj Mehta, 49, has been with Cognizant since 1997. In his most recent position as CEO, IT services since December 2013, he was responsible for market-facing activities as well as for delivery across Cognizant's IT services business. Mehta earned his bachelor's degree from the University of Maryland and his MBA from Carnegie Mellon University.

AIUPASA demanding that all Universitiesneed to adopt digital transformation and information management system like open ERP or SAP and run its entire work with total computerization and simple manageable procedures and transparent management instead of dividing existing Universities into number of small Universities.2016 Sunny times for all aseconomy recovered from recession .Cloud computing IT Security big data mobility and digital transformation topping everyone's to do list times again are good time for ITprofessional and happy times for IT Recruiter andcampus recruitment are here again to bounce back. .All state Governments and Government of India MHRD and UGC and AICTE and all statutory bodies should provide a policy frame work for campus recruitment by all companies and provide skill development programme a natural boost across country and provide equal opportunity to all INSTITUTIONS instead of selected few in all corporate and companies. About 65000 c0llges and thousands of Universities and engineering colleges few IIM and IIT and disparity in talent acquisition in campus recruitments .Innovation on the fly exists in remote colleges and school dropouts. Companies need to Stay ahead of the pace of change or you are toast says a management guru..Assembling team members with varied backgrounds most likely involves hiring people whose expertise companies are in no position to pre-judge .Understanding new power or new talent even exists in remote unknown engineering college and now the crowd from the villages is challenging traditional IIT and IIM and here is demand to harness its energy by providing equal opportunity to all colleges in case ofcampus recruitments .Wake up call to all 500 fortune companies in India .The employers are equal opportunity providers to all .But when it comes to campus recruitments all corporate seems forgotten their pledge they have made to nation . Common students are questioning why bigcompanies and corporate only go for campus recruitments only to IIT and IIM and elite colleges and do not come to lesser known colleges though talents exists even in a small town and lesser known colleges. elite collegeshave opportunity of giving full page big advertisements in leading news papers claiming and setting record of 3689 placement offers by cognizant Infosys and Wipro in a single day and this in turn all these corporate are committing breach of trust of Indian people and breach of Monopolistic attitude and against competition Act which deprive equal opportunity to all.The Competition Act, 2002 was passed by the Parliament in the year 2002, to which the President accorded assent in January, 2003. It was subsequently amended by the Competition (Amendment) Act, 2007. In accordance with the provisions of the Amendment Act, the Competition Commission of India and the Competition Appellate Tribunal have been established. The Competition Commission of India is now fully functional with a Chairperson and six members. The provisions of the Competition Act relating to anti-competitive agreements and abuse of dominant position were notified on May 20, 2009.Indian corporate are governed by law and should provide equal opportunity to all equally. There is no absolute policy of campus recruitment in any company and companies end up doing injustice to vast population in India and few colleges get undue advantage and others are deprive and their students get disillusioned in their careers .

Reportedly and allegedly there are rumors that dirty politics is under play in few companies and few managements bribe the few companies HR heads and bring them only to their colleges and other are deprived and injustice committed Some of the brightest minds from the elite engineering and graduate colleges from around the world join companies and corporateevery year. It is theircontinuous effort to build an organization where innovative methods of doing business and redefining customer satisfaction are a way of life. Theybelieve in tapping the best talent from across campuses and molding them into future leaders .And that is evident from the large number of business unit heads and members of theirsenior management who were all campus hires. In fact, few companiesCEO werealso a campus hire. Theyhold campus recruitments in various campuses across the country, and share a long association with some of the most prestigious institutes/colleges/ universities . Throughout the country, companies areassociated with the best colleges - hiring fresh graduates, engineers as well as the crème de la crème from business schools but what is this definition of best college is unkown to anybody , as they claim that they arehiring the brightest minds in to the organization. Many companies are constantly on the lookout for students that, theyfeel, have what it takes to stand out from the crowd and lead companiesinto a bright future. Global Campus hiring: With a presence in many countries and lakhs of people global giant have been hiring from elite institutions across geographies, and are building a team that is driving themforward on to new heights .Internship Programs:  Few companies have instituted an Internship Program , through which theyrecruit skilled lateral and fresh talent from universities to perform surveys/benchmarks/POCs across platforms and industry domains for theirglobal and regional customers. True to their commitment to engage with the best and the brightest in every field, these were theproposals for a mutually beneficial professional alliance. Through this Internship Program, they offer select students the professional experience of a lifetime. From an enviable work environment to innumerable learning opportunities, and the chance to work directly with eminent global clients - this internship program will acclimatize students with the corporate world and offer a first-hand glimpse of life at many giant companies .

Wikipedia definition of Campus placement: Campus placement or campus interview is the program conducted within educational institutes or in a common place to provide jobs to students pursuing or in the stage of completing the programme. In this programme, industries visit the colleges to select students depending on their ability to work, capability, focus and Aim.The major objective of campus placement is to identify the talented and qualified professionals before they complete their education. This process reduces the time for an industry to pick the candidates according to their need.It is a cumbersome activity and hence majority of the companies find it difficult to trace the right talent. Since, many of the students do not understand the importance of training that is being imparted, whether it is aptitude training or soft skills. When they show least interest due to various factors viz., projects, assignments or more of activities loaded by the colleges as part of their curriculum it actually de-motivates the students and make them hate placement training. Companies which plan to train the students and make them equipped on all aspects of career development should make an impact in the minds of the students that every minute they spend towards their training is knowledge for them.