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Bengaluru pays highest salary in India; jobs with lucrative packages to rise: Report
- Metro cities like Bangalore, Mumbai, Chennai, Delhi, and Hyderabad are the highest-paying cities in FY2023, attracting large-scale internal immigration.
- Bengaluru witnessed an impressive salary growth rate of 7.79% compared to the previous year.
- The pay structure gap between permanent and temporary job roles has narrowed, and there is a rise in Sales and IT roles due to organizations' focus on growth and digital transformation.
- "Hot jobs" offering higher salaries have emerged, such as the Relationship Manager role in the telecom sector with a 10.19% hike in Bengaluru and the Game Developer role in media and entertainment with a 9.3% rise.
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Woman fired from job after DNA result reveals CEO of company is her half-brother
- A woman was unexpectedly fired from her job after a DNA test revealed that she is the half-sister of the company's CEO, as shared in a story on Reddit and reported by The Mirror.
- The woman's father unknowingly purchased DNA testing kits for the family, not aware that he had a "secret love child" from a previous relationship.
- After receiving the test results, the woman discovered her CEO's name listed as her half-sibling and questioned whether he was aware of their relationship.
- The woman's work was mysteriously deleted from the company's drive, leading her to suspect sabotage and report the situation to the company's VP.
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Woman doesn’t reply to text during lunch break, boss snaps at her
- Twitter user Meemi shared a WhatsApp conversation where her boss snapped at her for not replying during her lunch break, sparking a debate among netizens.
- The post received over 590,000 views and close to 2,500 likes, generating various comments and questions for Meemi.
- Meemi chose not to disclose the company she works for but emphasized maintaining professionalism until the end of the month.
- Discussions revolved around topics like lunch break duration, standing up to the boss, empathy for Meemi's situation, and the importance of a healthy work culture beyond profits.
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New Jersey firm fined for discriminatory Job ads seeking only Indians
- Infosoft Solutions Inc, operating as KForce Tech LLC, ordered to pay $25,500 in civil penalties for discriminatory job advertisements.
- Advertisements sought job applications only from India and non-US citizens needing visa sponsorship.
- Violation of Immigration and Nationality Act discouraged eligible workers and denied fair employment opportunities.
- Infosoft required to train recruiters, revise policies, and be subject to monitoring and reporting by the Department of Justice's Civil Rights Division.
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Which new jobs are likely to be created as Gen-AI tech continues to evolve
- Prompt Engineers- These professionals refine inputs to generate text or outputs from AI models, ensuring alignment with objectives.
- AI Trainers- These individuals teach generative models to recognize patterns and generate goal-oriented output.
- Data Annotation specialists- These specialists play a crucial role in labeling and tagging large datasets, facilitating the training and improvement of AI systems by providing high-quality annotated data.
- Human-AI interaction- these specialists design intuitive interfaces for seamless human interaction with AI systems.
- AI Product managers-These professionals oversee the development and launch of generative AI products, from ideation to market.
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What are the major challenges faced by job seekers in the current hiring environment?
- Job market strangeness: The job market has become strange and demoralizing, with many job seekers struggling to find employment despite a seemingly strong job market and their qualifications.
- Ghost jobs: Positions advertised online that never result in hiring or a response, leaving applicants in limbo and adding to the frustration.
- AI in hiring: Automated systems and algorithms are increasingly used in hiring processes, posing challenges for job seekers to navigate and optimize their applications.
- Economic turbulence: Economic instability, inflation, and the threat of recession have created uncertainty, leading to industry freezes and layoffs.
- Remote work competition and AI impact: Increased competition for remote roles and the rise of generative AI tools like ChatGPT have influenced job opportunities, with predictions of job losses and the need for job seekers to adapt to AI tools themselves.
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Actor Suniel Shetty shares his views on WFH vs. Work-from-Office
- Suniel Shetty, actor and entrepreneur, advocates for a return to office work, emphasizing the unmatched benefits of physical presence in a work environment.
- Shetty believes that working in an office allows for a valuable learning curve, providing access to experienced professionals and opportunities for observation and engagement.
- He highlights the importance of building real relationships with colleagues from diverse backgrounds, citing his own bonds with actors Salman Khan and Ajay Devgn as examples.
- Shetty believes office work offers real pressure, physical interactions, shared experiences, and transformative learning that remote work lacks.
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Manager calls out employee for eating chips 'loudly' during online Meeting, Internet in splits
- Vandana Jain, a Twitter user, recently shared an embarrassing incident during an online office meeting. She was enjoying a packet of chips while her laptop microphone was accidentally on, and her chips-munching session surprised her entire team.
- Vandana's manager politely requested her to mute her mic in the group chat, mentioning that the sound of her eating chips was quite loud.
- Vandana shared a screenshot of the incident on Twitter, asking if she was in trouble, adding a lighthearted tone to the situation.
- The incident gained attention on the internet, providing amusement to users who could relate to similar funny incidents during remote work.
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Zerodha's Nithin Kamath shares data on the 'gym membership adoption rate in India
- Only 0.2% of India's population, approximately 50 lakh people, are engaged in gym activities, according to data shared by Nithin Kamath, co-founder of Zerodha.
- Kamath emphasized the importance of strength training, particularly for older adults, as it becomes critical for maintaining health and an active lifestyle.
- He mentioned that exercise, including strength training, is proven to be effective in delaying death, preventing cognitive and physical decline.
- Kamath encouraged the use of open-air gyms and alternative exercises like yoga or free-hand exercises such as push-ups, pull-ups, squats, and crunches, to promote strength training and overall health.
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Top Interview questions that successful CEOs love to ask
- The question "How would you describe yourself in one word?" helps to gauge a candidate's self-awareness and how they define themselves.
- "What is the last thing you've learned on the job?" measures a candidate's curiosity, passion for learning, and willingness to go beyond their required duties.
- "What didn't you get a chance to include on your resume?" allows for a deeper exploration of a candidate's passions and interests outside of their formal qualifications.
- "How long are you willing to fail at this job before you succeed?" tests a candidate's commitment and perseverance, separating those willing to stick with the job from those who might give up easily.
- "What's in the newspaper today?" provides insight into a candidate's ability to think critically, express their thoughts, and assess their overall engagement and interestingness as a person.
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Is 2023 the Year of the Contract Worker?
- The shaky economy and corporate belt-tightening have led to increased demand for gig workers and contractors, as employers seek to cut labor costs and maintain flexibility in staffing.
- Listings for contract jobs have jumped 26% compared to the previous year, while full-time roles have only grown by 6%, according to LinkedIn's Future of Recruiting report.
- Employers see hiring contingent workers as a cost-effective option that reduces tax obligations and benefits costs while providing flexibility in staffing up or down as needed.
- The rise in gig workers and contractors is driven not only by budget constraints but also by shifting worker preferences and the desire for independence and flexibility.
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Skills-first hiring to prevail in India in next 18 months, say 75% recruiters in LinkedIn study
- A LinkedIn study reveals that 75% of recruiting professionals in India anticipate skills-first hiring to be a priority for their companies in the next 18 months.
- The report highlights a shift towards skills-based hiring, with recruiters being 50% more likely to search by skills than by years of experience.
- However, recruiters currently face challenges in accurately assessing candidate skills, with only 62% feeling confident in their ability to do so.
- Job candidates in India prioritize compensation at 53%, followed by opportunities to learn new skills, advancement, and job security, according to the LinkedIn survey. The study also suggests that the workforce's openness to new opportunities is increasing.
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Hybrid work surges, challenging return-to-office plans
- Share of full-time office workers decreased to 42% in Q2 2023, while hybrid work arrangements increased to 30%, according to The Flex Report.
- "Structured hybrid" models are emerging, with an average minimum of 2.53 required office days per week.
- Some companies, like Twitter and Tesla, still require full-time office attendance, while opposition cites discrimination concerns and challenges for working parents.
- Workplace flexibility varies by industry, size, and location, with smaller companies offering more flexibility. Western and northeastern states in the U.S. have higher flexible work adoption.
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What to know before applying to a Startup or Big Company
- Operations: Startups have smaller teams and founders making major decisions, while big companies have divided responsibilities among departments.
- Pay: Startups may have lower initial salaries but offer potential for growth, while big companies provide higher salaries and benefits.
- Culture: Startups have a close-knit and relaxed environment, while big companies offer social events and a larger team dynamic.
- Learning experience: Startups provide diverse roles for skill development, while big companies offer resources and industry expertise.
- Consider long-term goals when choosing between startups and big companies, with startups offering flexibility and growth potential, and big companies providing stability and career development.
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Benefits and Perks your Company should offer
- Benefits and perks play a crucial role in improving employee experience, motivation, and can set a company apart from competitors.
- Benefits are necessary and valuable to employees, such as health insurance, life insurance, paid time off, family leave, and retirement planning.
- Perks are additional offerings that enhance the employee experience, such as student loan assistance, flexible scheduling, career development, childcare support, work/life balance initiatives, lunch stipends, wellness programs, and employee recognition.
- Regularly assess the effectiveness of benefits and perks by gathering employee feedback and monitoring utilization. Communication and awareness of these offerings are crucial for their success.
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