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Productivity News
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Why program managers and CXOs are still out in the cold and jobless
- Tech industry layoffs have hit program managers and CXOs hard, struggling to secure new roles as their positions evolve, demanding different skill sets.
- In 2023, over 200,000 tech workers faced job cuts, reflecting a shift from a jobseeker's market to layoffs, driven by overhiring and misjudged growth prospects post-2021's venture capital boom.
- Overestimation of growth prospects and economic downturn forced startups to focus on profitability, leading to a tech talent layoff wave. Companies hired beyond their means, assuming constant market liquidity.
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How building mental resilience is being promoted for the future of work
- Kindness and empathy play a crucial role in building mental resilience, contributing to individual and collective success in workplaces.
- Organizations are leveraging technology, including mental health apps, chatbots, AI-powered coaches, AR/VR, and analytical tools, to support employees' mental well-being and promote resilience.
- Leaders are setting examples and demonstrating resilience in the face of challenges and it is vital. They also promote emotional intelligence, creating a supportive work environment that strengthens mental health.
- Organizations are cultivating a safe and positive space, encouraging trust, and work-life balance, and preventing burnout, ultimately shaping the future of work.
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Motilal Oswal allows employees to “switch-off” from work, disconnect from emails outside shift timings
- Motilal Oswal Financial Services, one of India's leading broking and financial services firms, has implemented a unique policy to prioritize the well-being and productivity of its employees.
- The policy, known as the "Switch-Off" from Work Policy, allows employees to disconnect from work and emails outside of their fixed shift timing of 8.0/8.5 hours. Email servers will be shut down after a 45-minute grace period post-shift, preventing external communication.
- This policy, one of the first of its kind in corporate India, applies to approximately 9,500 out of the company's 11,000 employees, including senior managers and those below their level.
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Here's what you need to know about the 'Career Lattice' to get your next tech role
- The traditional career ladder in tech may be losing its relevance, with fewer promotions and salary increases predicted for 2024, according to a study by Korn Ferry.
- Embracing a "career lattice" approach, where one moves to a job offering similar pay but more opportunities for skill growth, is recommended as a way forward in the evolving tech industry.
- Soft skills, such as analytical thinking, creative thinking, resilience, flexibility, and agility, are highlighted as crucial for future workplace success, according to The World Economic Forum's Future of Jobs Report 2023.
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40% Indian employees set to quit job in next 6 months due to poor technology at work: Report
- Adobe's report reveals that poor tech tools are costing leaders 2-4 hours daily, totaling up to 25 weeks lost per year, impacting productivity for 93% of leaders and 87% of employees.
- Workers believe subpar tech tools cut profits by 20% or more, with 44% expressing this concern.
- Facing tech constraints, 62% of workers seek tech solutions, 14% consider job change, and 16% opt to 'quiet quit.'
- 40% of employees may quit in six months due to tech hindrances, spiking to 57% for full-time remote workers. Tech access is a critical factor for job acceptance, rated so by 84% of knowledge workers.
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Ex-Google recruiter shares 4 tips for job seekers to stand out
- Network while employed: Start building industry connections to pave the way for future job opportunities.
- Be bold in reaching out: Don't hesitate to contact key individuals like the CEO or hiring manager if you're interested in a company.
- Dive deep into research: Study the company's values, vision, and mission, and be ready to discuss how they align with your own experiences.
- Share your stories: Highlight successful projects, career achievements, and lessons learned to showcase your motivation and skills.
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Here's how AI can help you make a bigger impact in your role
- Increase Productivity: AI can automate mundane tasks, allowing you to focus on strategic initiatives, which can make you more valuable to your company.
- Data-Driven Decision-Making: AI can analyze vast amounts of data, helping you make data-driven decisions that demonstrate your analytical skills and problem-solving abilities.
- Communication Improvement: AI tools can enhance your language and communication skills across various channels, positioning you as a more effective communicator.
- Become an AI Advocate: Promote AI within your organization, gaining recognition from leadership and advancing your career.
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Ex-Microsoft HR VP says managers do not own employees' lives, argues working multiple jobs is common
- Chris Williams believes that employees should be allowed to work multiple jobs and that companies should not try to control their personal lives.
- He considers moonlighting, or working a side job alongside a full-time position, as a common practice that shouldn't be discouraged.
- Williams suggests that managers should react appropriately to employees having multiple jobs. While there may be valid concerns, like working for competitors, overreacting or increasing employees' workload can have negative consequences.
- Instead, Williams encourages managers to celebrate their employees' success and acknowledge their second job.
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Young people who work remotely are 'probably not' going to become corporate CEOs, an NYU business professor says
- Suzy Welch, an NYU Stern School of Business Professor, warns that Gen Zers prioritizing remote work and work-life balance may not achieve the same level of corporate success or financial rewards as their more hardworking peers.
- She suggests that success is defined differently by different individuals, and those who choose remote work may not become CEOs, but that might align with their personal goals.
- Welch emphasizes the value of in-person collaboration and the benefits of traditional office work, which she believes young people who have only experienced remote work might not fully appreciate.
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Read how BigShyft + ChatGPT can get you the right job faster
- Quick Onboarding: BigShyft, with the help of ChatGPT, offers a hassle-free onboarding process in under 2 minutes.
- Automated Resume Parsing: The AI feature automatically extracts details from your uploaded resume, saving you from manual data entry.
- Precise Job Matching: AI ensures job seekers and recruiters find the perfect match based on skills, location, and compensation expectations, eliminating errors.
- Rapid Growth and Renowned Partnerships: Bigshyft has experienced a 10x surge in job seekers in just 2 years. It collaborates with over 400 renowned companies like MakeMyTrip, Microsoft, Adobe, DE Shaw, and Cashfree, cementing its status as a leading job platform.
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Upskilling increases the appraisal of Indian Professionals by 2.5x, says upGrad Report
- upGrad, Asia's largest integrated learning and skilling company, has released its India Career Upskilling Report Vol. 1, based on insights from over 3,500 white-collar professionals in urban India.
- The report reveals that professionals who invested in upskilling in the last 3 to 5 years experienced a 2.5x increase in appraisals, 2.3x more frequent promotions, and 1.7x improved job security.
- Women who upskilled found it easier to return to work after a career break and experienced a 4.8x improvement in career stability. Working parents had a higher upskilling rate, with 2 out of 3 upskilled professionals being parents.
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4 Proven Strategies to Boost Sales with Existing Customers
- Understand and adapt to customer needs and preferences by researching their behavior, customizing offerings, and utilizing CRM data for personalization.
- Gather feedback from customers to identify areas for improvement and discover new sales opportunities. Utilize email marketing and surveys for feedback.
- Reward customer loyalty with regular promotions. Encourage customers to refer others, run special promotions for occasions, and establish loyalty programs.
- Focus on serving and delighting customers. Offer free consultations, quick email responses, exceptions when needed, and personalized product delivery.
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How to ask for a pay rise and make sure you get it
- Choose the right time: Schedule the discussion in advance to allow both you and your boss to prepare for a productive conversation.
- Bring evidence: Gather evidence of your achievements and contributions to the company, and be clear about your future plans within the organization.
- Be confident: Have confidence in your worth, and remember that you have negotiating power, especially if you possess skills that are in high demand.
- Have a figure in mind: Research industry standards and comparable job salaries to determine a realistic figure before discussing your pay raise.
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Here are 5 proven strategies for selling more in a recession
- Understand New Pain Points: Identify the evolving challenges your clients face in a recession and tailor your product or service as a compelling solution.
- Increase Sales Activities: In a longer sales cycle, boost your team's output and consider outsourcing sales to maintain pipeline growth.
- Expect a Decline in Customer Confidence: Prove your product's value with real success stories, case studies, and trusted reviews to address objections effectively.
- Invest in Sales Training: Equip your team to handle new market conditions and objections effectively.
- Prioritize Retention and Expansion: Focus on upselling and better customer communication for increased profits.
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Here's how to speed up your Job search and get hired faster
- Leverage Your Network: Reach out to your contacts, let them know you're job hunting, and ask for introductions. Networking can be a powerful way to uncover hidden job opportunities.
- Tailor Your Application: Customize your resume and cover letter to match the job description. Use similar keywords and phrases to make it clear you're a good fit for the role.
- Be Responsive: Always respond promptly to communication from potential employers. Being proactive and professional in your interactions can set you apart.
- Consider Non-Traditional Options: Be open to remote work, explore different industries, and cast a wide net when applying for jobs. Flexibility can lead to quicker job offers.
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