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Why Are Employers Firing Remote Workers In 2024?
- Employers are increasingly firing remote workers in 2024, driven by a push for the "Great Office Return."
- A Resume Builder survey found that 90% of employers plan to return to office-based work, with many tracking attendance and firing those who resist. Companies believe in-office work boosts revenue, productivity, and culture.
- However, forced returns widen the talent gap and discriminate against those unable to commute, like caregivers and disabled workers.
- Successful remote-first companies like HubSpot and Airbnb offer flexible policies, showing that remote work can be effective without compromising business goals.
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The FishmanAF Newsletter
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Hot Take Alert #11: Performance Reviews
- Performance reviews are often used in startups/tech companies, but it's unclear why they're used or how it got started.
- Performance reviews originated from military history and they were first used in World War I for identifying/punishing poor performers.
- Performance reviews came to corporate America after WWII and were made popular by the Performance Rating Act (1950) and Incentive Awards Act (1954).
- Performance reviews focus too much on the past, take a long time and are infrequent, making them more like backward-looking assessments.
- The annual or bi-annual process is often coupled with promotion and career advancement making it daunting for participants.
- A better solution could be more frequent reviews and monitoring paired with a look ahead for goal setting.
- Through customized performance measurements and more regular feedback forums, companies can offer their employees more transparency and a sense of direction.
- Another suggestion is to separate the timing of reviews and compensation discussions, turning the review conversation into a tool for personal/professional growth.
- Simple monthly rubrics would work better for giving feedback and people should be focusing on development, not on their worldly goods.
- Lastly, making reviews more project and employee lifecycle-oriented, alongside specificity for actionable insights, can also go a long way in improving the overall experience.
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Lenny's Newsletter
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Counterintuitive advice for building AI products
- AI is quickly becoming ubiquitous, with 60% of companies having already integrated it into their products and another 24% planning to do so.
- However, most AI efforts end in failure since the most early AI products suffer from shockingly low retention and engagement.
- To help you avoid wasting your time and resources, these counterintuitive lessons are a must-read for AI builders.
- The first-pass product is often a bolt-on or simple chat experience. The high-value experience is a deeper rethink once you have played with the technology, understood what it really provides more deeply, and then integrated it into a key part of your product experience.
- It’s easier and safer for startups to work on harder problems rather than problems with current foundation models. We’re excited about riding the capability curve of improving models, instead of fighting that progress.
- Historically, understanding the value a new product provides to people with different functional needs was enough, but AI changes this dynamic.
- Building AI products looks a lot like building products and requires homing in on real user pain points, iterating closely with customers, and holding a high bar for a delightful user experience.
- AI tools require a combination of intuitive product design and education to support behavior shifts. Experimenting to find the right UI/UX for an AI feature can have a big impact on conversion metrics.
- The data and interfaces may become more important than the models themselves, and those with proprietary or uniquely structured data will have an advantage.
- Be intentional about your first pass AI. Build a wedge workflow that solves real customer problems and provides a unique value that's hard to replicate.
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Techies with machine learning, Python skills in demand for Gen AI jobs in IT companies
- Machine learning and Python skills are in high demand for Generative Artificial Intelligence (Gen AI) roles in India's IT sector.
- Despite a general hiring slowdown in IT, companies like IBM, Coforge, L&T Technology Services, and Happiest Minds are actively seeking professionals with expertise in these areas.
- About 42% of Gen AI job listings require machine learning skills, and 40% require Python proficiency, according to Indeed. Other sought-after skills include natural language processing, TensorFlow, and data science. These specialized roles remain a recruitment focus amid the broader industry downturn.
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The resume mistake that will land it in the ‘no pile,’ according to a hiring expert of 30-plus years
- Stacie Haller, a seasoned career advisor, advises against including a photo, objective statement, or street address on your resume.
- These details can lead to bias and are seen as outdated by recruiters. Instead, focus on a clean, one-column format with clear sections and bullet points highlighting relevant skills and experience. Recent graduates should prioritize education, while experienced professionals should lead with work experience.
- Tailor your resume minimally for each job, emphasizing key qualifications. Avoid AOL email addresses; opt for Gmail for a more modern impression. Keep your resume to one to two pages, unless you're a senior executive.
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5 CV Formatting Tactics For Standing Out
- Highlight Strategic Leadership and Impact: Showcase your strategic planning, decision-making, and team leadership, using powerful action verbs and quantifying achievements.
- Showcase Your Unique Value Proposition (UVP): Emphasize what sets you apart, weaving your UVP throughout your CV with compelling examples.
- Demonstrate Results with Data: Use metrics to provide concrete evidence of your accomplishments.
- Emphasise Professional Development and Affiliations: Highlight continuous learning and memberships in professional bodies.
- Optimise for Readability and ATS Compatibility: Use a clean, professional layout, incorporate relevant keywords, and avoid complex graphics.
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7 Soft Skills That Will Make You More Hirable
- Emotional Intelligence: Sensing and understanding others' feelings to lead empathetically.
- Communication: Open, honest, and respectful dialogue is vital for team dynamics.
- Teamwork: Collaborating effectively to avoid roadblocks and tension.
- Critical Thinking: Solving problems efficiently as they arise.
- Respectful Disagreement: Maintaining decorum and respect while voicing differing opinions.
- Innovation/Creativity: Propelling new ideas and driving company goals.
- Adaptability: Quickly adjusting to changes and challenges.
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Minis
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How do you actually network to land a new job? Microsoft's ex-VP of HR explains
- Expand Beyond Immediate Contacts: Broaden your network within and beyond your current circles.
- Look Beyond Your Organization: Engage with professionals from different companies and industries.
- Utilize Various Settings: Network in diverse settings like work meetings, conferences, and social media.
- Be Curious and Ask Questions: Show genuine interest and curiosity about others’ roles and experiences.
- Focus on the Other Person: Center conversations on the other person’s work and insights.
- Build Long-term Relationships: Nurture connections consistently for long-term benefits.
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What is a ‘stay interview’? Why you should ask for one if you plan to keep your job
- A "stay interview" is a proactive strategy used by companies to retain employees by understanding their motivations, ambitions, and challenges.
- Unlike performance reviews and exit interviews, stay interviews focus on real-time feedback to enhance employee satisfaction and alignment with company goals. Conducted biannually, they help identify factors influencing engagement and retention.
- Employees can initiate stay interviews to discuss career aspirations, express concerns, suggest improvements, and set future goals. Effective stay interviews require open communication and a commitment to act on feedback, leading to improved job fulfillment and reduced turnover, benefiting both employees and employers.
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Using ChatGPT can make recruiters think you’re sending them a fake resume; here’s why
- In today's competitive job market, using AI like ChatGPT to write resumes may seem convenient, but it comes with risks. AI-generated resumes often lack uniqueness and can appear generic to recruiters who review hundreds of similar applications.
- This approach diminishes your competitive edge and may even raise suspicions of dishonesty among employers.
- While AI can assist in drafting a resume, it's crucial to personalize it with your specific achievements and experiences to craft a compelling narrative that truly reflects your career journey. Ultimately, combining AI's assistance with your personal touch ensures a standout resume tailored to your strengths.
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Minis
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Employee Deletes Teams, Email From Phone After Company's "No Work From Home" Policy
- An employee, discontent with his company's new "no work from home" policy, responded by deleting email and Teams from his phone, making himself unavailable after office hours.
- His Reddit post detailing the move went viral, sparking a debate on workplace flexibility and productivity post-pandemic. Many supported his stance, highlighting benefits of remote work like time and cost savings.
- Critics argued for balanced boundaries between work and personal life. The incident reflects ongoing tensions as companies transition back to office-centric work cultures despite growing employee preference for remote options for better work-life balance and efficiency.
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Minis
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Don’t make this mistake in a job interview, says ex-Nvidia recruiter: It makes people think 'you shouldn't be interviewing'
- In a recent interview, HR consultant Stefanie Fackrell highlighted a major red flag: lack of preparation. She recalled a candidate who admitted the role wasn't her first choice and was only exploring the interview process.
- Fackrell, with experience at Google and Nvidia, emphasized the importance of genuine interest and readiness. Such disinterest can signal to recruiters that a candidate may not be committed or suitable for the role.
- She advised candidates to avoid wasting time, theirs and the employer's, by promptly withdrawing if uninterested.
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Only looking for remote jobs? Here’s how to include that on your resume
- In today's post-pandemic job market, flexibility in work arrangements is crucial. When crafting your resume, it's beneficial to specify your preferred work model right at the top, alongside basic contact information.
- Whether you're seeking remote, hybrid, on-site, or open to relocation opportunities, clarity upfront helps align expectations with potential employers. This proactive approach not only streamlines the hiring process but also demonstrates your readiness and adaptability to diverse work environments.
- By clearly stating your preferences early on, you facilitate smoother communication and ensure that your application stands out for the right reasons in a competitive job landscape.
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Lenny's Newsletter
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193
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The social radar: Y Combinator’s secret weapon | Jessica Livingston (co-founder of Y Combinator, author, podcast host)
- Jessica Livingston, the co-founder of Y Combinator, is known as the 'social radar' due to her ability to evaluate people quickly and effectively when investing in early-stage startups. She has funded over 5,000 companies, and Y Combinator has backed 200 unicorns, including Airbnb, Dropbox, Coinbase, and Reddit. She focuses on assessing the founders' social dynamics, not just the idea, when evaluating early-stage investments. During YC interviews, Jessica assesses the founders' personality traits, earnestness, passion, commitment level, and problem-solving abilities.
- Jessica Livingston and her technical co-founders evaluated the founders' social dynamics and the product, respectively, during YC interviews. She pays attention to how co-founders interact and work with each other during interviews. Good founders do not dominate conversations or prevent their co-founder from speaking. Founders must have domain expertise and be enthusiastic about solving the problem they are working on.
- Founders must have earnestness and authenticity to be successful. This means they should have humility and be transparent regarding their expertise, demonstrating an openness to learning. Additionally, an important indicator of a great founder is their attitude towards feedback – they should be willing to receive feedback and be adaptable to changes that come their way.
- Jessica Livingston identified defensiveness as a red flag in founders. Founders who are defensive are likely to fail to educate people or reframe their questions into different issues. Founders who convey genuine passion and energy for their ideas can often sway investors, even if the initial concept is met with skepticism. Founders must have relentless resourcefulness to find creative solutions and overcome limitations.
- YC's early inexperience in angel investing led to the batch model, where they invested in a whole group of startups at once to learn how to invest. The lesson here is to not be afraid of your own inexperience. Embrace it as an opportunity to experiment, learn, and iterate based on what works.
- Founders must ensure that technical team members have a voice in companies involving tech. Startups are usually doing something new, which often leads to lots of questions from other people. Founders who are defensive or closed off during discussions may indicate challenges with receiving feedback and collaboration. Having that 'desperation' of needing the startup to succeed, because you don’t have a plan B, is important for driving commitment and passion.
- Jessica Livingston is also the host of The Social Radars podcast, where she interviews billionaire startup founders, and the author of the acclaimed book Founders at Work, which documents origin stories of prominent companies. She shares some of the most compelling stories, lessons learned from hosting her own podcast, lessons she's learned from investing with YC, and the importance of building social radar skills as an early investor.
- Jessica Livingston's article and insights provide excellent guidance and lessons learned for early-stage founders or people interested in learning more about early-stage investing, such as the importance of evaluating founders when making investment decisions and finding ways to overcome limitations or perceived weaknesses within a company.
- Overall, it is crucial for startup founders to be passionate, authentic, adaptable, and have strong problem-solving skills. These traits can often determine whether a company will be successful or not. Additionally, as an early investor, it is important to build upon your social radar skills and recognize challenges within the startup ecosystem.
- Listeners can access the podcast on Apple, Spotify, and YouTube. Find the transcript at https://www.lennysnewsletter.com/p/the-social-radar-jessica-livingston.
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Minis
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Flipkart calls customer after 6 years over pending order: ‘what issue are you facing?’
- A Mumbai resident, Ahsan Kharbai, was taken aback when Flipkart customer support called him regarding an order he placed six years ago.
- In May 2018, Ahsan had ordered Sparx slippers, which never arrived, always showing "arriving today" on the app.
- Recently, he received a call from Flipkart, asking about issues with the long-delayed order. Amused and surprised, Ahsan shared his experience on social media, drawing reactions from users who had similar delayed order stories. Despite the long wait, Ahsan had not pursued the issue further since it was a cash-on-delivery order.
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