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How Layoff Culture Is Destroying Tech Companies
- In the fast-paced world of tech, layoffs have become a common occurrence, causing widespread anxiety among employees.
- Yet, it's not the act of laying off employees that's the problem—it's how it's done. Conducting layoffs impersonally, without explanation, leaves employees feeling blindsided and fearful. This not only impacts morale but also damages productivity and the bottom line.
- To mitigate this, leaders must adopt a more compassionate approach. Providing regular feedback and conducting layoffs with empathy and transparency can alleviate anxiety and foster a culture of trust and engagement, ultimately benefiting both employees and companies alike.
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Thyrocare founder says he never recruited anyone with experience
- Thyrocare founder Arokiaswamy Velumani revealed his unique hiring strategy, stating he never recruited experienced professionals during his tenure.
- With a policy of exclusively hiring freshers, Velumani emphasized on training them on-the-job and nurturing them into senior roles. He attributed this approach not only to his personal struggle with job hunting after college but also to the effective management of employee costs.
- Velumani's bold stance, employing 25,000 freshers, highlights his commitment to providing opportunities and fostering talent within the organization. His success story underscores the potential for unconventional hiring practices to drive innovation and efficiency in business.
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Losing Top Talent: The Consequences of Paying New Hires Higher Salaries
- In today's dynamic job market, pay disparities between new hires and existing employees pose a significant challenge for organizations.
- A recent Harvard Business Review study highlights the adverse effects of such discrepancies, particularly on high-performing employees. The research underscores the importance of promptly addressing pay differentials to maintain employee satisfaction and retention.
- Strategies such as raising awareness about pay inequities, conducting regular pay equity audits, and investing in agile processes are crucial. By prioritizing transparency and fairness in compensation practices, organizations can not only retain top talent but also foster a positive workplace culture conducive to long-term success.
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Hiring outlook remains stable in India for Q2: ManpowerGroup report
- India's hiring outlook remains robust for the second quarter of the year, with a Net Employment Outlook of 36 percent, according to the latest ManpowerGroup report.
- Despite challenges in activating hiring plans due to talent shortages at 80 percent, optimism prevails across various regions and industry sectors. The North of India leads with the strongest hiring intentions at 40 percent, followed by the West, South, and East.
- Industries like healthcare, life sciences, and information technology are driving the job market, while the energy sector shows the weakest outlook. With government support and a burgeoning talent pool, India continues its growth trajectory, poised for further development.
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Google VP shares the No. 1 thing she looks for in job interviews
- In a recent interview, Google Asia Pacific's Vice President, Sapna Chadha, highlighted the critical importance of a growth mindset in potential employees.
- Chadha emphasizes the value of continuous learning, innovation, and adaptability in a rapidly evolving tech landscape. She looks for individuals who are not only focused on vertical advancement but are also eager to broaden their skill sets horizontally.
- Chadha suggests that admitting mistakes and embracing new technologies, such as AI, are integral to staying relevant in today's job market. Ultimately, a growth mindset fosters a culture of curiosity, collaboration, and personal development.
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3 red flags recruiters look out for in job candidates
- According to former Amazon recruiter Lindsay Mustain, there are three key red flags that recruiters look out for in job candidates.
- Firstly, repeatedly applying to the same company without success can signal desperation and lead to being blacklisted.
- Secondly, displaying an "open to work" banner on LinkedIn can give the impression of being less discerning about job opportunities.
- Lastly, sharing desperate pleas for employment on social media can weaken your candidacy. Instead, focus on presenting yourself as a confident and forward-thinking candidate to attract potential employers.
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5 surprising ways you’re ruining your job interview
- Keep Personal Stories Brief: Stay professional by avoiding oversharing personal anecdotes that may distract from your qualifications.
- Ask Thoughtful Questions: Limit the number of questions at the end of the interview to show interest without appearing overly critical.
- Respect Recruiter's Time: Treat interactions, even with recruiters, seriously and avoid dismissing their importance.
- Tech Savviness Matters: Ensure you're comfortable with virtual interview technology to present yourself professionally.
- Use Concrete Examples: Focus on quantifiable data instead of superlatives to showcase your suitability for the role effectively.
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Nvidia CEO Jensen Huang believes their is ‘low probability of success’ if company is started because of this reason
- NVIDIA CEO Jensen Huang emphasized at a recent economic forum that launching a company solely for monetary gain carries a high risk of disappointment.
- He encouraged aspiring entrepreneurs to pursue ventures driven by passion and belief in their ideas rather than financial incentives. Huang's advice underscores the importance of resilience and conviction in navigating the challenges of entrepreneurship.
- Additionally, he discussed the potential emergence of artificial general intelligence within five years, contingent upon how the goal is defined. Amidst discussions on AI expansion, Huang highlighted the need for more chip factories while emphasizing ongoing advancements in computing efficiency.
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‘I said no to Snapdeal twice and I passed on Ola and BigBasket’: Sanjeev Bikhchandani on his anti-portfolio
- Sanjeev Bikhchandani, the visionary behind Info Edge, boasts a Midas touch with a twist. While his investments in Zomato and Policybazaar have soared, he openly acknowledges missed opportunities.
- Passing on giants like Flipkart, Ola, BigBasket, and Snapdeal, he admits to a "crazy" anti-portfolio. Despite setbacks, Info Edge thrives with investments like Zomato, witnessing a staggering 124X gain. Bikhchandani's strategy? Investing in founders, not sectors. Reflecting on Naukri's early days, he emphasizes simplicity and hustle.
- Even when funds were scarce, he persevered, only embracing venture capital when unavoidable. Bikhchandani's journey epitomizes entrepreneurial resilience and strategic foresight.
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Unleash Your Inner Genius: 10 Habits Every Techie Should Adopt
- In the fast-paced world of technology, fostering habits that nurture growth and innovation is crucial. From continuous learning to self-care, here are 10 essential habits every techie should adopt.
- Embrace Continuous Learning, Cultivate Problem-Solving Skills, Foster Collaboration, Embrace Experimentation, Master Time Management, Pay Attention to Detail, Be Adaptable, Prioritize Documentation, Build a Professional Network, and Practice Self-Care.
- By incorporating these habits into daily routines, tech enthusiasts can unleash their inner genius and thrive in an ever-evolving industry.
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Appraisal Anxiety: How to Manage Nerves and Get the Most Out of Your Review
- Prepare Thoroughly: Ease nerves by reflecting on achievements and challenges prior to the review.
- Stay Calm: Use relaxation techniques like deep breathing to maintain composure during the appraisal.
- Embrace Feedback: Approach criticism as an opportunity for growth rather than a personal setback.
- Seek Clarification: Ask questions to understand feedback better and create actionable plans for improvement.
- Follow Through: Reflect on feedback post-appraisal and schedule check-ins to track progress and address concerns.
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What's driving upskilling in India Inc's boardrooms?
- In India Inc's boardrooms, a surge in upskilling is being propelled by the imperative of governance amid transformative growth. Rajiv Krishnan of Ma Foi Strategic Consultants highlights key areas: governance insistence, cultural articulation, and sustainable growth approaches.
- Santosh Kumar from Deloitte India underscores the impact of crises, technology, and evolving market dynamics on business priorities. Boards are embracing diverse expertise to navigate these shifts, championing innovation, and challenging conventions.
- This ongoing evolution is crucial for future-proofing organizations, driving superior performance, and ensuring strategic direction amidst dynamic landscapes.
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Hiring managers ‘spend 25 times longer on your LinkedIn’ than your resume, says ex-Amazon recruiter
- In today's job market, your LinkedIn profile holds immense importance, with hiring managers spending significantly more time reviewing it compared to traditional resumes.
- Former Amazon recruiter Lindsay Mustain emphasizes the value of the activity section, where your engagement within your industry is showcased. By sharing insights, problem-solving approaches, and industry perspectives, you present yourself as a dynamic candidate.
- This section offers a glimpse into your professional persona beyond mere qualifications. It's an opportunity to demonstrate your passion, expertise, and thought leadership, ultimately setting you apart from other applicants.
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3 Soft Skills You Need To Boost Your Salary In 2024
- Emotional Intelligence (EQ): Develop your ability to understand and manage your own emotions, as well as being sensitive to the needs and emotions of others. Emulating leaders like Elon Musk, who demonstrate genuine care for their employees, can enhance your likability, approachability, and career opportunities.
- Communication Skills: Enhance your communication abilities by delivering insights clearly and concisely, actively listening, and maintaining transparency in your interactions. Follow leaders like Joel Gascoigne to build trust and advance in your career.
- Focus: Stay goal-oriented and resilient like Canva founder Melanie Perkins to achieve remarkable career results, including pay raises and promotions.
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CEO hires 'nervous' candidate who could 'barely communicate' during interview; here's why
- In a recent LinkedIn post, Brigette Hyacinth, the CEO and founder of Leadership EQ, shared her unconventional hiring experience, where she decided to hire a candidate despite a disastrous interview performance.
- Despite the candidate's nervousness and poor communication during the interview, Hyacinth trusted her instincts and offered her the job. Surprisingly, within six months, the candidate emerged as one of the top performers.
- LinkedIn users resonated with Hyacinth's approach, emphasizing that interview performance doesn't always reflect true capabilities. Some suggested sending interview questions in advance to alleviate candidate nervousness.
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