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HRKatha
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Odisha’s 108 ambulance staff strike over pay and job loss
- Employees of the 108 ambulance service in Odisha have gone on strike over pay disparities and job loss.
- They claim unequal pay, denial of gratuity, and other promised benefits.
- GPS tracking systems in ambulances have been disabled as part of the protest, raising concerns about disruptions in emergency medical services.
- The striking employees demand the reinstatement of union leaders, equal pay, and the implementation of a relief package.
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HRKatha
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Senior scientist’s retirement age restored to 62 by Calcutta HC
- The Calcutta High Court has restored the retirement age of senior scientist Krishna Kishore Goswami to 62.
- Goswami's retirement age was initially set at 62 when he joined Bidhan Chandra Krishi Vishwavidyalaya.
- However, it was later reduced to 60 based on an arbitrary letter from ICAR.
- The court ordered that Goswami's retirement age be restored to 62 and that ICAR bear the cost of his salary.
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Insider
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How much do health insurance companies spend on executive security? It might be less than you think.
- Health insurance companies appear to spend less on executive protection compared to high-profile CEOs like Mark Zuckerberg or Elon Musk.
- The death of UnitedHealthcare CEO, Brian Thompson, highlights that even executives who aren't as high-profile or famous as others may not always have bodyguards with them.
- The amount companies pay for executive security varies widely, with some CEOs known for having multimillion-dollar security packages while some have more modest protection services worth hundreds of thousands of dollars.
- Walmart CEO Doug McMillon and McDonald's CEO Chris Kempczinski, for example, appear to have individual security expenses of less than $25,000 for 2023, according to company filings.
- Typically, company-paid security costs are disclosed in annual corporate filings called proxy statements, and include a breakdown of the salary, benefits, bonuses, and other perks provided for top executives' total compensation packages.
- UnitedHealth Group appear to allocate less expense on executive protection as some of the Big Tech giants, and don't specify any personal security cost for CEO, Brian Thompson, in last year's filings.
- Other insurance companies, including CVS (owner of Aetna), Cigna, Humana, and Elevance (owner of Anthem), also do not specify personal security costs in their proxy statements, while Kaiser Permanente is a nonprofit and not subject to the same reporting requirements.
- Different executives may have their own personal preference for the level of security they require, which is very much driven on the executives' preference.
- Elon Musk, the world's wealthiest person, has spoken out about personal security concerns in recent years and has more than one bodyguard in his security team.
- Executives at health insurance companies, who may not be as recognizable as someone like Musk or Zuckerberg, may consider reviewing executive protection costs following Thompson's death.
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Forbes
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Mortgage Refinance Rates Today: December 11, 2024—Rates Advance Higher
- The rate on a 30-year fixed refinance increased today.
- The current 30-year, fixed-rate mortgage refinance rate is averaging 7.12%.
- For 20-year mortgage refinances, the average rate is 6.93%.
- Borrowers with a 30-year, fixed-rate mortgage of $100,000 will pay $673 per month for principal and interest.
- The borrower will pay total interest costs of about $142,369 over the life of the loan.
- The average interest rate on the 20-year fixed refinance mortgage is 6.93%.
- For a 15-year fixed refinance mortgage, the average interest rate is currently 6.19% compared to 6.31% at this time last week.
- The average interest rate for a 30-year, fixed-rate jumbo mortgage refinance is 7.00%.
- Rates for government-backed loan programs such as FHA and VA mortgage refinances can be lower than a conventional or jumbo refinance.
- Refinancing your mortgage can make sense if you plan to remain in your home for a number of years.
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Minis
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The two best times of year to look for a new job
- The best times to job hunt are January-February and September-October. Early in the year, companies begin hiring after new budgets are approved, and employees make career moves following year-end bonuses and reviews.
- Psychologically, the new year brings a sense of a fresh start, energizing job seekers. Later in the year, the “September Surge” occurs as hiring picks up post-summer. Companies refocus after vacations and assess remaining budgets, creating new opportunities.
- According to classified ad site Gumtree, job listings increase by 16% between July and October. Strategically timing your search during these periods boosts your chances of finding the ideal role.
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HRKatha
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53% of employers anticipate an increase in hiring in Q1 of 2025: Report
- The net employment outlook for India in Q1 of 2025 stands at 40%, according to the Manpower Group Employment Outlook report.
- This outlook has increased by three percentage points compared to the previous quarter and by eight percentage points compared to the same time last year.
- India's net employment outlook of 40% is higher than the global average of 25%.
- The strongest hiring expectations are in the information technology sector, with an outlook of 50%.
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HRKatha
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Poonawalla Fincorp’s CTO resignation: How a CEO should navigate such CXO clashes
- The resignation of Dhiraj Saxena, Chief Technical Officer (CTO) of Poonawalla Fincorp, citing alleged harassment and unwarranted interventions by the Chief Human Resources Officer (CHRO), has brought executive-level conflicts into sharp focus.
- A brewing storm - conflicts among CXOs often stem from overlapping responsibilities, undefined boundaries, or clashing visions.
- To avoid such clashes, CEOs must invest in team-building activities that foster strategic alignment and mutual respect.
- The CEO must step into a pivotal role—not just as an authority figure but as a mediator and culture custodian.
- When CEOs ignore executive-level conflicts, the consequences extend far beyond the individuals involved.
- Resolving such disputes requires the CEO to act as a bridge, fostering processes that accommodate both innovation and governance.
- CXOs must align with not just operational goals but also cultural values.
- For CEOs, the challenge is not just resolving conflicts but embedding resilience into their leadership teams.
- Effective mediation, grounded in fairness, role clarity, and cultural alignment, is essential to prevent leadership conflicts from spiralling into public exits or operational crises.
- When handled well, differences among CXOs can become a source of strength, driving innovation and collaboration.
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HRKatha
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Tokyo announces 4-day workweek starting April 2025
- Tokyo government has announced a four-day workweek starting April 2025 to improve the fertility rate.
- Employees can choose any three days in the week to take time off from work.
- Parents with young kids can leave work earlier in exchange for a salary cut.
- Japan hopes that a shorter workweek will encourage couples to spend more time together and increase birth rates.
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Medium
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Top 10 Selling Turn-Based Games of November 2024
- Dragon Quest III HD-2D Remake excelled in selling copies, due to its beautiful landscapes, innovative gameplay and nostalgia for early JRPG’s.
- Dungeon Clawler got impressive numbers for an early access release, due to its innovative roguelike mechanics, low low price, clean art style and a questionable pun in the title.
- Metal Slug Tactics is sitting fairly high in the charts. It is a phenomenal spin off adaptation of the franchise to the turn-based tactics format.
- ZEPHON looks fantastic as it follows in the shoes of their previous licensed title “Warhammer 40,000: Gladius of War”.
- Epic Auto Towers, developed in Russia, managed to attract a mostly German audience. It's a must-have, if you are looking for a specific tower defence autobattler niche game.
- Beastieball is the highest reviewed game on this list. It’s basically Pokemon x Volleyball with a killer art style published by Klei and allows you to tackle “gyms” in any order.
- Blackthorn Arena: Reforged has been remade with new graphics, content, but looks to have similar amount of jank. It has developed a cult following, which has helped in rerelease sales.
- Seer’s Gambit is a roguelike semi-autobattler that saves a quested kingdom by assembling a team of heroes, that each have some sort of activatable ability.
- Lost Eidolons: Veil of the Witch is succeeding where its predecessor faltered, with improved game loop, character designs and fan feedback.
- Dungeon Inn is a title that is very much underplayed in the western market. You own an inn placed at the entrance to a dungeon and have to juggle business from 2 rivalling guilds for maximum profit.
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Rockpapershotgun
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First big Marvel Rivals patch makes Doctor Strange less of a monster
- Marvel Rivals, the free-to-play hero shooter from NetEase, launched late last week and gained popularity.
- The first major update of the game fixes general bugs, collision problems on certain maps, and character-specific issues.
- The most notable change is for Doctor Strange, whose ability to summon portals mistakenly restored his Ultimate energy when triggering terrain KOs. This bug has been temporarily fixed by disabling the portals' KO attribution.
- The love for Marvel Rivals and its unique blend of Marvel characters and third-person Overwatch gameplay is expected to be sustained due to the game's popularity and the appeal of the Marvel brand.
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Rockpapershotgun
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Beautiful, brainy space RTS Nebulous: Fleet Command is getting carriers and fightercraft
- Nebulous: Fleet Command is a complex 3D real-time space strategy game.
- It features intricate simulations of zero-G physics, missile behaviors, and comms jamming.
- The upcoming Carrier update adds carriers, fighters, and bombers to the game.
- The update also includes rebalanced ship weapons, defences, and additional tech.
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HRKatha
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107
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YesMadam firings a publicity stunt
- YesMadam, a company that offers at-home salon services, issued an apology and clarified that no employees were fired for being stressed.
- The company stated that the firings were a part of a planned effort to highlight the issue of workplace stress.
- However, the clarification is hard to believe as an email shared by an employee clearly mentioned that employees were being let go due to stress.
- YesMadam's publicity stunt has caused confusion and eroded trust among social media users and employees.
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Rockpapershotgun
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374
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The RPS Advent Calendar 2024, December 10th
- Today's advent calendar pick is Arco, a game that combines cartoonish and cuddly visuals with deep themes of sin and remorse.
- Arco features a battle system that blends freeze-time tactical positioning with bullet hell elements, providing challenging gameplay.
- Each playable character in Arco has a unique set of abilities, and victory in battles hinges on careful decision-making and calculation.
- While the quest flow in Arco can be somewhat linear, the engrossing world and the option to put the character on autopilot make it an intriguing experience.
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HRKatha
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238
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Delhi govt announces major salary hike for DTC contractual staff
- The Delhi government has approved a salary hike for contractual drivers and conductors of the Delhi Transport Corporation (DTC).
- Under the new structure, contractual drivers will receive Rs 32,918 per month, up from Rs 21,918.
- Conductors' salaries have been raised to Rs 29,250 per month.
- The salary revisions are projected to cost Rs 222 crore annually, which will be funded by the state government.
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Minis
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177
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Corporate India note strongest hiring outlook globally for Jan-Mar: Survey
- India is set to lead global hiring in the January-March 2025 quarter, with 40% of employers planning to increase staffing, according to the ManpowerGroup Employment Outlook Survey.
- This marks a 3% rise from the previous quarter. The IT sector leads with a 50% hiring outlook, followed by financials and real estate at 44%. Investments in AI and cost-saving measures by MNCs are driving job growth.
- Regionally, the West shows the strongest hiring prospects at 43%. India's resilience, boosted by economic growth and gender equality progress, positions it as a global leader in employment outlook.
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