IBM Secures a BPO Agreement with Kraft

Kraft Foods has signed a multiyear HR business process outsourcing (HR BPO) agreement with IBM.

Under the terms of the agreement, IBM will take over workforce administration, payroll, compensation, recruiting, learning and talent management for the Northfield, Illinois-based food company.

Kraft has 103,000 employees in 180 locations worldwide.

Asian HRD Congress: July 2008

The Asian HRD Congress is going to be held at the Jakarta Convention Centre, Indonesia, between 22nd and 24th July, 2008.

The Theme this year is:

Leading Human Capital, Leading Organisations.

All those interested can contact Mr.Kalai at kalai@hrdcongress.com

Tel : 603.2279.9199

Fax : 603.2279.9099

Cheers!

HP Acquires EDS

HP (Hewlett Packard) and EDS (Electronic Data Systems) announced on May13th, 2008 that they have entered into an agreement for HP to acquire the latter for $13.9 billion at $25 per share. EDS is based out of Plano,Texas.

The deal, amongst other things, is expected to be a harbringer of good business for ExcellerateHRO, the HR service firm owned jointly by EDS and Towers Perrin. Until now ExcellarateHRO's only major HR deal has been with Nestle. This is expected to change once HP comes into the fold with it's industry expertise and significantly greater funding abilities.

Certain analysts believe that HP's EDS aquisition could give it a distinct edge over Dell Inc.

More on the HP v/s Dell battle later...