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Peak Bengaluru moment: Ex-Google employee turns Uber driver to explore city, fascinates internet
- Bengaluru features cab and auto drivers who have corporate or creative careers alongside driving, breaking the stereotype of financially challenged drivers.
- An incident in Bengaluru gained attention when a user shared a video riding with an Uber Moto driver who used to work at Google and had recently moved to the city. This exemplified the trend of professionals driving for the experience.
- People on social media reacted to this "Peak Bengaluru" moment, expressing their fascination and curiosity about the conversations they might have during such rides.
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Why people who are great at their job can fail when they get promoted
- 82% of new managers in the UK are "accidental managers" with no formal training, leading to ineffective management and potential high turnover.
- Companies should provide proper training and development plans for new managers, focusing on people skills and emotional intelligence.
- Negative workplace culture, poor management, and discrimination are driving factors for employees quitting their jobs, highlighting the need for competent and emotionally intelligent managers.
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Hiring trends are changing and your resume isn't enough to get your dream job; here's why
- Recruiters are prioritizing skills over work experience, with 75% expecting skill-based hiring to dominate in the next 18 months.
- A single job posting receives hundreds of applications, leading to recruiters spending minimal time reviewing resumes.
- Job seekers should be wary of providing accurate information, as a notable 85% of applicants have been found to make false claims on their resumes.
- Employers are increasingly prioritizing behavioral traits and skill achievements in job descriptions, with a striking 92% of postings highlighting these factors.
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Is Late-Year job hunting worth the effort? Job experts reveal insights
- January is the busiest month for hiring, while August has more entry-level and seasonal jobs. November and December see lower hiring activity.
- While job opportunities are available throughout the year, competition may be higher in November and December. According to LinkedIn's September 2023 report, there's currently one job opening for every two applicants.
- Year-end is a great time to prepare for your job search with "career cushioning." Keep your options open and stay ready for the job market's changes.
- Jobseekers can set themselves up for success by brushing up on skills, updating their professional profile, and keeping their network fresh.
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How to Avoid Common Job Interview Mistakes
- Avoid speaking negatively about your past employer during interviews; focus on highlighting your strengths using the STAR method.
- Be honest about your weaknesses but emphasize your efforts to improve in a way that's not directly related to the job's core requirements.
- Don't appear too available; request a minimum notice period before starting the job.
- Instead of specifying a number upfront, provide a wide salary range, and narrow it down based on job details and responsibilities post-interview.
- Thoroughly research the company, ask questions, bring ideas to the interview, and always follow up with a thank-you email or message afterward.
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Here's how to excel in a video interview
- Set up a distraction-free environment with a clutter-free background for your virtual interview.
- Dress professionally to boost your confidence and create a favorable impression.
- Prepare to screen share if necessary, organizing your tabs and documents beforehand.
- Stay focused by closing distracting apps and putting your phone on 'do not disturb' during the interview.
- Log in early to familiarize yourself with the system, test your audio and camera, and make any necessary adjustments for a smooth interview experience. Consider recording yourself to fine-tune your presentation.
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This is how to futureproof your career in an AI world, says IBM's CEO
- IBM's CEO, Arvind Krishna, emphasizes the importance of developing critical thinking skills to futureproof your career in an AI-driven world.
- He predicts that only 6% of the workforce is at risk of having their jobs replaced by AI and believes that retraining can address this challenge.
- IBM temporarily halted hiring for jobs that could be automated by AI, particularly in non-customer-facing roles, expecting that 30% of these positions may be automated within five years.
- Arvind Krishna identifies national security concerns and the spread of misinformation as more significant threats related to AI, and IBM is actively engaged in efforts to mitigate these risks through international cooperation.
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Say goodbye to retirement? A 'soft saving' trend is emerging among young people
- A "soft saving" trend is emerging among younger workers, prioritizing present spending over future saving.
- Generation Z leads the soft saving wave, investing in causes aligned with personal views and seeking emotional connections with brands and professionals.
- Personal saving rates in the US are decreasing due to the rebound from the pandemic, inflation, and changing financial priorities among younger workers.
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Quitting right after promotion? Here’s what you should know
- According to a report by ADP, 29% of employees quit within the first month of getting a promotion, possibly due to inadequate preparation or compensation.
- High-performance candidates at the leadership level are unlikely to quit soon after a promotion, as they become more invested in the company's success.
- Factors such as managers, workplace environment, growth opportunities, compensation, and location influence employees' decisions to quit after a promotion.
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Billionaire Mark Cuban used this sales pitch for his 1st tech startup in 1989
- In 1989, Mark Cuban successfully pitched MicroSolutions to a law firm, Jenkens & Gilchrist, with a focus on electronic information publishing for streamlining workflow.
- Cuban's pitch highlighted the software's benefits, such as detailed trial strategy reports and competitive advantages for attorneys.
- His sales approach emphasized helping people rather than convincing them, a lesson learned from his early experience in sales.
- Cuban's sales skills played a vital role in his entrepreneurial journey, leading to the sale of MicroSolutions for $6 million and later achieving billionaire status with Broadcast.com's sale to Yahoo for $5.7 billion, with a current net worth of $5.2 billion according to Forbes.
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5 smart questions to ask in a job interview in 2023
- Ask about the typical day in the role to understand the job's expectations and decide if it's the right fit for you.
- Inquire about how you can make a positive impact in the first three months to show your eagerness and commitment to the organization.
- Seek information on training and career progression opportunities to demonstrate your long-term commitment and assess your growth potential within the company.
- Ask about the company's future plans and direction over the next five years to gauge job security and learn about any major upcoming projects.
- Explore the working culture and environment of the organization to determine if you'll fit in, consider work-life balance, and assess employee happiness and benefits.
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Big layoffs in IT industry: 23 techies being sacked every hour for past 2 years
- IT industry has seen continuous layoffs for two years, averaging 23 tech job losses per hour.
- Microsoft-owned LinkedIn recently announced job cuts affecting 668 positions, aiming to streamline operations amid slow revenue growth.
- In India in particular, Byju's, one of the prominent edtech startups, recently laid off 4,000-5,000 employees as part of business restructuring exercises.
- According to data from layoff.fyi, over 2,120 tech companies worldwide have laid off nearly 405,000 employees. In 2023, the trend continued, with 240,193 tech workers losing their jobs as of October 13. On average, that's about 555 employees losing their jobs every day over the past two years, or 23 workers every hour.
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What is the Netflix Keeper Test and how does it impact talent management?
- The Keeper Test is a controversial talent management technique used by companies, notably popularized by Netflix. It involves asking the question: "Which employees would you fight to keep if they were leaving for a competitor?".
- Advantages of the Keeper Test include retaining top performers, improving performance, cost savings, and crisis decision-making, but it has significant disadvantages, including a fear-driven culture and unconscious bias.
- An alternative approach focuses on upskilling, an inclusive culture, effective performance communication, respectful layoffs, and improved hiring techniques.
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The 3 skills you need to have to grow your career in the age of AI, according to Databricks VP
- Embrace Change: Be ready to step out of your comfort zone and adapt to evolving job requirements.
- Value Human Interaction: Develop strong in-person communication skills and build your personal brand to stand out in a world where AI enhances productivity.
- Stay Humble and Keep Learning: Constantly re-tool and expand your knowledge to remain relevant as career prospects evolve. Past success doesn't guarantee future success.
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India among world’s worst countries to work remotely: Global Remote Work Index
- India is ranked 64th out of 108 countries for remote work, falling 15 places due to weak digital infrastructure and social safety.
- The GRWI assessed countries based on cyber safety, economic safety, infrastructure, and social safety.
- India's digital infrastructure (77) and social safety (74) are major weaknesses, with underdeveloped e-infrastructure and expensive, low-quality internet.
- India is cost-effective with low living costs, but its healthcare system is poorly rated (93).
- The top 10 remote work-friendly countries are Denmark, Netherlands, Germany, Spain, Sweden, Portugal, Estonia, Lithuania, Ireland, and Slovakia.
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