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Nike, Adidas shoes maker Pou Chen to invest nearly $281 mn in India
- Pou Chen, a Taiwanese footwear manufacturer, will invest $281 million to set up a facility in Tamil Nadu, India.
- The investment could create 20,000 jobs in Tamil Nadu over 12 years, with a focus on employing women.
- This is Pou Chen's first of many investments in India, following similar moves by other Taiwanese footwear manufacturers.
- Tamil Nadu is a popular destination for global companies, with top brands like Gucci and Giorgio Armani sourcing raw materials or making products there.
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Why employees hate ‘pizza parties’ but HR loves having them
- Conventional wisdom dictates that successful deliveries call for parties, but there is often no evaluation of the cost versus the achieved benefits.
- Some employees may prefer cash rewards or tangible prizes over pizza parties or wine and dine events.
- While C-suite leaders believe that such events help build a positive culture, there are many employees who may not enjoy or feel comfortable at these gatherings.
- The key to employee engagement is to provide choices and take feedback seriously, rather than following a set pattern of rewards or celebrations.
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Office now a place for collaboration, says CBRE's Chief Digital and Technology Officer
- Sandeep Davé, chief digital and technology officer at CBRE, spoke at the 2023 Forbes CIO Summit.
- "The role of the office is no longer a place where I go in to get work done, but a place where I go in to collaborate," he stated.
- This highlights the evolving nature of the workplace and the need for businesses to adapt to new ways of working.
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What Infosys founder said about Alia Bhatt & Arjun Kapoor to IIM Ahmedabad students
- Narayana Murthy, the founder of Infosys, recently addressed students at IIM Ahmedabad's 58th convocation ceremony.
- Murthy praised the institute's views and architecture, reminiscing about the time when the Alia Bhatt and Arjun Kapoor starrer 2 States was shot at the institution.
- Murthy expressed his belief that the batch of 2023 could give a tough competition to the actors in the movie, having watched many students pass through the institute.
- Murthy, who worked as a researcher at IIM-A and served as Chairperson of the Board of Governors from 2002-07, was the Chief Guest at the convocation ceremony held at Louis Kahn Plaza, a tradition that has been followed since 1974.
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Gen Z Workers Prove to Be Both Young & Ambitious in Today's Workforce
- Young and ambitious individuals are often expected to prove themselves in both aspects.
- 25-year-old Charu Thomas founded a supply-chain software firm at age 18, raised $3.5 million in funding, and made it onto Forbes's 30 Under 30 list in 2020.
- Many younger entrepreneurs face stereotypes that they are nonresponsive, less legitimate, or lazier, despite their hard work and dedication to their careers.
- Gen Z, born between 1997 and 2012, is not the first generation to face typecasting as they enter the workforce, with millennials previously facing similar stereotypes.
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1 in 3 people would quit for a 4-day workweek job, according to a new report
- The four-day workweek is gaining popularity among workers, with 61% preferring it to the traditional five-day week, according to a recent survey.
- Many workers are willing to quit their current job in order to have a four-day workweek, with 33% indicating they would make such a move.
- Several experiments have shown that a shortened workweek can lead to benefits for both workers and businesses, including increased productivity and satisfaction, as well as lower turnover.
- Workers are hesitant about longer working hours in exchange for a day off, highlighting the need for clear definitions of a four-day workweek.
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Techies earn more 'writing inconsequential code', laments Bengaluru doctor
- Dr. Deepak Krishnamurthy, a senior interventional cardiologist at Sakra World Hospital in Bengaluru, has criticized the low salaries of MBBS doctors in India.
- Someone writing some inconsequential code is entitled to make more money and fly business class while the doctors have no such right whatsoever," he tweeted.
- He pointed out that the starting salary for most doctors is about Rs 10,000 and Rs 20,000, while engineers earn Rs 15-20 lakh per annum.
- He criticized society for celebrating high salaries of engineers while expecting doctors to save lives without caring about money.
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Why are bosses increasingly hiring older people?
- Demographic shifts lead to older workers being more valuable to businesses due to longer life expectancies and fewer children.
- Companies are targeting seniors and recognizing age as an asset, with over 2,500 signing the AARP pledge for fair hiring practices.
- Older workers can be good for retention, as they value stability and are often willing to work flexible hours.
- Ageism is still a barrier, but age discrimination complaints have decreased by 45%, and companies are including age in their diversity efforts.
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This husband-wife duo are changing the way people travel
- In 2016, Akash Dahiya and Abhilasha Negi Dahiya struggled to plan a vacation due to budget constraints, leading to the realization that many other travellers face similar issues.
- A study by Grant Thornton found that around 40% of travellers abandon their vacation plans due to lack of funds.
- To address this problem, Akash and Abhilasha launched SanKash, a startup offering travel now pay later (TNPL) services to travellers, similar to buy now pay later services for electronic devices.
- SanKash has registered over 6000 travel merchants, including Thomas Cook, SOTC, Veena World, seven banks and NBFC firms, and has raised Rs 7.5 crore in funding in the last quarter of 2022, with an annual loan disbursement run rate of Rs 74 crore.
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UK employers compete for Gen Z workers with 'early finish fridays' perk
- Adzuna, an online job portal, has seen a surge in job postings offering "early finish Fridays" as a perk for workers in the UK.
- This benefit is aimed at junior staff with salaries ranging between £20,000 and £40,000 in various industries, including engineering, sales, information technology, and graduate positions.
- The increase in demand for this benefit is due to employees demanding more flexibility and care for their well-being from their employers after the pandemic.
- Despite these measures, the UK is still facing a labor shortage, with 216,000 fewer working age people in the workforce than before the pandemic.
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India's mobile manufacturing industry expected to create 1.5 lakh jobs in FY24
- India's mobile manufacturing sector is set to generate 1.5 lakh new jobs, driven by the global trend of shifting production away from China and the Indian government's PLI scheme.
- Major companies like Samsung, Foxconn, Nokia, and Tata are expected to be key contributors to this job creation.
- Out of the total jobs, 30,000-40,000 are predicted to be direct jobs, indicating significant potential for employment growth in the Indian mobile manufacturing industry.
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The End of Workaholism? High-earning men embrace reduced work hours trend
- The average workweek in the US has decreased by half an hour over the past three years, leading to a shortfall in overall workplace productivity.
- Educated young men, high-earning men, and men who previously worked the most hours are the groups scaling back from work, according to a recent study.
- Workers of color are "participating" in work more or at the same level as in 2019, despite greater fear of workplace COVID exposure than their white peers.
- Factors such as work-life balance, access to higher paying jobs, and workplace flexibility are likely contributing to the trend of workers cutting back on hours, with high-earning men and workaholics leading the charge.
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Moonlighting risks: Doctors reveal the hidden dangers of working for multiple companies
- Moonlighting is the practice of working for a business in the same field while being a permanent employee of another company.
- Doctors in Hyderabad, a major IT and ITes destination in India, have warned against moonlighting, citing the risk of brain and heart-related ailments.
- Hospitals in Hyderabad have seen an increase in patients suffering from brain strokes or heart attacks who are IT professionals and work for more than one company for more than 60 hours a week.
- While the ethical and moral implications of moonlighting are still being debated, it is important for individuals to consider the potential health risks before taking on multiple jobs in the same field.
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Walmart customers & employees can now play pickleball for free at dozens of courts across the US
- Walmart is partnering with Break the Love to offer 125,000 free pickleball court reservations for Walmart employees and customers.
- The move is meant to make the sport more accessible and democratize it, as it has been most popular among wealthy Americans.
- Walmart sells a variety of pickleball items and gear on its website, and may benefit from more of its customers playing the sport.
- Members of Walmart+, the company's answer to Amazon Prime, will have first access to peak reservation times and other perks.
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Work-from-home order issued in this city as pollution reaches hazardous levels
- Air pollution in Thailand's Chiang Mai reaches hazardous levels, prompting authorities to urge people to stay indoors and work from home.
- Chiang Mai ranked as the most polluted major city in the world by air monitoring website IQAir, surpassing Delhi and Lahore.
- The levels of PM2.5 particles, which can enter the bloodstream, were more than 66 times the WHO's annual guideline in Chiang Mai.
- Thailand has seen a spike in air pollution caused by seasonal agricultural burning, leading to nearly two million people requiring hospital treatment.
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