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Layoffs in 2023 were 58% higher than in 2022; Experts say trend to continue
- In 2023, global layoffs surged by 58% compared to 2022, reflecting ongoing economic uncertainties and adjustments from pandemic-related overhiring.
- Layoffs.fyi data reveals 1,175 tech companies cut 260,509 jobs, a 57.8% increase from the 164,969 job cuts in 2022.
- Amazon led with 17,000 layoffs, followed by Google, Meta, and Microsoft. In India, Byju's topped the list, releasing 3,500 employees, followed by Unacademy, ShareChat, Swiggy, Ola, and Physics Walla.
- Experts predict the trend will persist, attributing the dynamic job market to a mix of domestic challenges and global factors. The job market in 2023 presents challenges for both employers and job seekers.
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To get the job you want, this requirement is a necessity now
- Dressing for the job you want is a powerful strategy to enhance professional image, communicate value, and open new opportunities.
- It involves aligning your attire with your career vision, considering the visual message each clothing item conveys.
- People can dress for success by understanding company culture, investing in quality basics, opting for tailored clothing, paying attention to details, grooming well, and building a versatile, professional wardrobe.
- Even on casual days, maintaining professionalism is crucial, opting for well-fitted, high-quality casual attire to project confidence, competence, and success in the desired role.
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Essential time management tips for busy executives
- Prioritize Tasks with Eisenhower Matrix: Use the Eisenhower Matrix to prioritize tasks based on urgency and importance, offering a structured approach to time management for busy executives.
- Master Delegation Skills: Successful executives delegate tasks to focus on high-level decision-making, fostering a collaborative work environment and managing time more effectively.
- Break Down Projects: Avoid overwhelm by breaking large projects into manageable tasks.
- Leverage Technology and Say "No": Utilize time management tools like Trello, Asana, or Todoist, and master the art of saying "no" to non-essential tasks and requests.
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A four-day work week may be the answer to work being done more efficiently
- Extensive trials across the U.S., Canada, the U.K., and Ireland over 18 months reveal positive outcomes for a four-day workweek.
- Participants, spanning design agencies to nonprofits, received a paid day off weekly while maintaining their workload. As they embraced more efficient work methods, their workweeks naturally shortened.
- The study supports the growing trend of reconsidering traditional work structures, with a four-day workweek gaining momentum among employers and employees.
- Findings indicate that adopting new, effective work strategies led to maintained productivity, challenging the conventional notion of a five-day workweek.
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Here's what to expect in the 2024 Job market
- Full-Time Office Return: Post-pandemic power shift favors employers, leading to a shift from hybrid to full-time office work in 2024.
- Resume Impact Declines: AI tools normalize well-written resumes; job seekers must focus on unique skills and networking to stand out.
- Persistent Job Cuts: Ongoing global economic uncertainties drive continued job cuts in 2024, posing challenges in the job market.
- Gig Economy Embrace: Gen Z's side hustle trend rises; companies may either encourage or impede small business ownership, emphasizing the need for income diversification.
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Woman fired for mysterious antics at company Christmas party after promising she’d ‘behave
- A woman named Molly in the United States claimed she was fired from her job after attending a holiday party where she promised to behave. She shared a TikTok video featuring a termination letter from her boss, citing "gross misconduct" and risking the nursery's reputation.
- Molly mentioned an unnamed person who played an equal part but kept their job. Despite social media offers to pay her, Molly couldn't disclose details without the other person's permission.
- The termination letter did not specify her actions. Commenters questioned the fairness of her dismissal compared to the other person. Molly, in a later video, expressed her inability to share more details.
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Professionals expect AI-led jobs to be highest-paying in 5 years: Report
- Hero Vired's report indicates that 90% foresee AI as the most sought-after skill, with 80% expecting it to be the highest-paying job in the next five years.
- A notable 82% of working professionals express concerns about potential job redundancy due to emerging technologies.
- Despite job insecurity, 78% of professionals view upskilling as a proactive strategy to navigate the evolving job landscape.
- The report highlights a positive trend, stating that 75% of women who underwent upskilling found it easier to re-enter the workforce after a career break.
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5 tips for January job hunters who want to change their occupation, from a career coach
- Dealbreakers: Clearly outline essential aspects of a job, such as salary ranges and work preferences.
- Research Salaries: Use reliable platforms like Salary.com and Payscale to determine realistic salary expectations based on title, experience, and location.
- 4 L's Exercise: Evaluate daily tasks using Love it, Like it, Live with it, Loathe it categories to align job choices with personal satisfaction.
- Adapt Cover Letters: Write concise cover letters directed to the hiring manager, emphasizing keywords using tools like Jobscan.
- Prompt Résumé Preparation: Ensure your résumé is ready early, avoiding delays in the peak demand period of January and February for résumé writers.
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2023 Workplace Trends
- Bare Minimum Mondays: Employees focus on essential tasks for a stress-free start to the week, promoting well-being and potential productivity later.
- Coffee Badging: Hybrid workers briefly appear in the office for morning coffee, fulfilling in-office requirements, then work remotely for the day.
- Quiet Quitting: Inspired by TikTok, employees do the minimum required, prioritizing work-life balance and personal boundaries.
- Rage Applying: Gen Z and millennials impulsively apply for new jobs out of frustration, reflecting discontent and a desire for better work environments.
- Lazy Girl Jobs: Embrace low-stress, flexible jobs for achieving work-life balance among Millennials and Gen Z.
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The one question you should never ask during a job interview
- When engaging with a recruiter, strategic questioning about the company's goals and role expectations is crucial for making a positive first impression. While expressing interest in growth opportunities, avoid implying that the current position is merely a stepping stone.
- Questions like, "When would I get promoted?" may signal dissatisfaction and a readiness to leave. Recruiters seek commitment, and overt hints at job-hopping can raise concerns.
- Instead, foster discussion with open-ended inquiries like, "Can you share how the company supports professional development?" This approach subtly conveys curiosity and a genuine interest in long-term commitment, leaving a favorable impression on recruiters.
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Jeff Bezos reveals why he always speaks last in meetings
- Amazon and Blue Origin CEO Jeff Bezos, in a recent interview with Lex Fridman, shared a valuable leadership insight—always speak last in meetings.
- Bezos believes speaking first can influence team opinions. By going last, he ensures unfiltered input and values diverse perspectives. Executive coach Hortense Le Gentil supports this, emphasizing improved listening for stronger connections.
- Blogger Brian Walsh notes the approach fosters accountability and inclusive collaboration. Bezos's lesson extends beyond speaking—emphasizing the importance of listening for personal growth and effective communication.
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Woman takes sweet revenge on office, quits toxic job and then changes all employees’ passwords
- In a Reddit post that has sparked a wave of divided opinions, a woman shared her tale of workplace revenge after quitting her job.
- Expressing her frustration with the mistreatment she endured, she admitted to changing her manager's email password and everyone else's, gaining access to the restaurant's vital database encompassing menus, staff details, ordering, and stock information.
- While some Reddit users applauded her audacity, others criticized the move as immature and suggested she should have addressed the issue differently.
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5 Important Job Skills AI Can't Replace
- Emotional Capacity: Humans build trust through genuine empathy, fostering teamwork and passion that AI lacks.
- Complex Decision-Making: Human judgment is vital in nuanced situations where ethics, awareness, and understanding play key roles, especially in HR and management.
- Social Sensitivity: Humans possess emotional intelligence, unlike AI, for culturally sensitive interactions.
- Leadership Skills: AI struggles to inspire like human leaders who manage, mentor, and solve problems.
- 3Cs Rule the Workplace: Creativity, critical thinking, and communication set humans apart in adaptability and problem-solving.
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At this company, employees must run at least 50 km a month to get their full bonus
- Dongpo Paper, a Chinese paper-making company, has introduced a unique employee bonus policy, shifting from traditional performance-based incentives to monthly bonuses based on physical activity.
- Employees can earn a 100% bonus by running 50km monthly, with additional incentives for longer distances. The policy includes mountain hiking and speed walking, tracked through a smartphone app.
- Company founder Lin Zhiyong emphasizes the link between employee health and company longevity, citing his own experiences climbing Mount Everest. Employees appreciate the dual benefits of improved health and financial rewards, with one noting how it helped lower blood sugar levels.
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Gen Z's 'delulu' mindset can help you get hired for a job
- Gen Z embraces the "Delulu" mindset, a term originating from Korean pop culture, emphasizing optimistic thinking in challenging situations.
- Some Gen Z individuals attribute job success to their "delulu" approach, claiming it helped them secure desired roles and opportunities.
- Psychologists suggest that being "delulu" can boost confidence and self-belief, encouraging individuals to pursue ambitious goals and accept challenges.
- Gen Z's mindset influences HR strategies, prompting companies to redefine hiring practices, focusing on candidates' potential, skills, and meaningful contributions rather than traditional criteria.
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