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Hybrid working makes a place for itself at India Inc
- Many large corporations, like Apple, HUL, Maruti, and others, have adopted permanent hybrid work models, offering office and remote work flexibility.
- Hybrid job openings have surged to 15-18% of total job listings, up from just 1% in May 2021, indicating growing interest in hybrid work.
- Different companies have varying approaches to hybrid work, with Mercedes-Benz aligning work modes with employee roles and McCain Foods requiring employees to be in the office for 12 days a month.
- Hybrid work opportunities are most prevalent in major cities like Bengaluru, Mumbai, Hyderabad, Pune, Chennai and sectors like IT, startups, telecom, software, and banking.
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Amid layoffs, here's how outplacement solutions are helping employees
- Outplacement boosts laid-off employees' confidence by enhancing resumes, interview skills, and job market awareness.
- Companies can offer outplacement as a paid service, optional benefit, or skip it entirely; most new-age firms choose the latter due to the transient nature of their workforce.
- Laid-off startup employees shift to Series-A/B startups, multinationals, or global capability centers (GCCs) in tech, with lowered pay expectations and a growing interest in gig roles in early-stage companies.
- Outplacement is most effective for tenured employees, and its adoption and value in new-age industries are still evolving.
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The Latest Jobs Data: Is The Great Resignation Over?
- Employee quit rates in the U.S. are back to pre-pandemic levels, raising questions about the end of "The Great Resignation."
- Bureau of Labor Statistics reported resignations are down substantially since peaks in late 2021 and 2022, as are hire rates and job openings. Media mentions of The Great Resignation are also down from previous years, and many experts have proclaimed this trend is over.
- Effective leaders acknowledge that the factors fueling the trend still exist, prompting them to adapt their organizations with new talent strategies.
- These leaders prioritize flexibility, active listening, updated pay and benefits, cost management during inflation, employee wellbeing, and a strong organizational culture.
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Boss mysteriously deletes WhatsApp messages after approving employee's leave and Internet is furious
- A woman's boss approved her 10-day leave request within just two minutes, causing a stir on the internet.
- The curiosity of social media users was sparked by the two deleted messages that accompanied the boss's quick approval.
- Speculation and humor ensued online, with some jokingly guessing the deleted messages contained a firing notice, while others praised the understanding boss.
- Many users appreciated the boss as an example of a healthy work culture, expressing their desire for such understanding managers.
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No more 'yours truly': Gen Z is speaking a whole new language in the office
- A new study reveals that Gen Z is changing the language in the workplace, with 70% of workers noticing a shift in the last five years.
- Phrases like "yours truly" and "to whom it may concern" are becoming obsolete, as 73% of workers adopt a more casual communication style at work.
- Gen Z's desire to use slang in professional settings may stem from feeling left out due to traditional workplace jargon.
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As hiring slows and cos tighten belts, inhouse recruiters face heat
- Recruiters and headhunters face job insecurity as companies, particularly in the tech sector, slow down hiring to cut costs.
- Thousands of recruitment professionals who joined corporate talent acquisition roles are struggling as the overall hiring market has slowed down.
- The trend of companies building their own recruitment teams is backfiring during a hiring freeze, leaving recruiters with no job opportunities.
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A majority of job listings now include salary information, Indeed says
- Over half of job listings on Indeed.com now include salary information, thanks to increased state pay-transparency laws.
- Salary transparency benefits job seekers but poses challenges for employers; New York's law doubles job postings with salary info.
- Colorado is the most transparent state with 81% of listings featuring salary information, followed by California and Washington.
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Not just tech expertise, employers want these soft skills from Job seekers
- The white-collar job market in India showed mixed trends in Q2, 2023, with a 8% increase in hiring despite layoffs and economic uncertainties.
- The IT sector remains the most in-demand, followed by production/manufacturing, sales, and marketing.
- Both employers and employees are seeking specific skill sets, including soft skills like communication, critical thinking, and problem-solving.
- Despite challenges, 28% of employers hired fresh graduates, indicating a potential positive trend, but job opportunities for new graduates remain limited, especially in metro cities like Kolkata, Chennai, and Delhi/NCR.
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Amid India vs Bharat Row, Blue Dart makes surprise renaming announcement
- Blue Dart, a logistics company in India, has rebranded its premium service from Dart Plus to Bharat Plus as part of a strategic transformation.
- The decision to rename the service to Bharat Plus follows extensive research and discovery processes, emphasizing Blue Dart's commitment to serving the diverse needs of India.
- This rebranding announcement comes in the wake of a recent controversy surrounding the use of "Bharat" instead of "India" by President Droupadi Murmu and speculation about a formal push to rename India as Bharat.
- "Bharat" was also prominently used during Prime Minister Narendra Modi's address at the G20 Summit, indicating a potential shift in the country's official nomenclature.
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New job trend 'boreout' is harming America's workplaces
- "Boreout" is a new workplace trend characterized by chronic employee boredom, leading to stress, lower productivity, and health issues.
- It's related to "quiet quitting," where employees disengage from their jobs, and both trends impact companies negatively.
- The most affected demographic is males aged 18 to 35, driven by fewer family responsibilities and job market opportunities.
- Solutions include open communication, additional responsibilities, networking, and considering a career change if "boreout" seriously affects one's well-being.
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Why return-to-office mandates are layoffs in disguise, according to workplace experts
- Workplace experts suggest that return-to-office mandates can function as disguised layoffs, with companies using the opportunity to restructure their workforce.
- Companies implementing strict mandates risk pushing employees to seek other opportunities, as flexibility remains a top priority.
- AT&T's return-to-office mandate has been likened to a "covert layoff" tactic, leading to concerns about layoffs being disguised as office requirements.
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Consumed by anger at work? 4 healthy ways to manage your emotions
- Identify Triggers: Recognize what situations or actions at work trigger your anger, helping you understand your emotional reactions.
- Adopt Coping Methods: Develop techniques like mindfulness, deep breathing, or muscle relaxation to manage workplace stress and anger.
- Plan Ahead: Before your workday begins, prepare for potential triggers, allowing you to use coping strategies proactively.'
- Effective Communication: Communicate Calmly: Discuss your feelings with colleagues without immediate decisions or outbursts.
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90% of companies say they’ll return to the office by the end of 2024
- 90% of companies plan to enforce return-to-office policies by 2024, with some threatening to fire non-compliant employees.
- CEOs argue for the office to maintain corporate culture and productivity, despite inconclusive research on remote work's impact.
- Most organizations are likely to continue with a hybrid work model, allowing employees in the office for 2-3 days per week.
- Transparency and flexibility are key in hybrid work arrangements, which serve as a valuable recruiting tactic in a competitive job market.
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Avoid These Phrases That Make You Sound Inexperienced at Work
- Avoid introducing yourself with just your first name; include your full name and briefly mention your role or involvement in the meeting or project to establish credibility.
- Instead of emphasizing a junior-level job title, use a more general description of your role to avoid drawing attention to your lack of experience.
- Refrain from stating, "I have to ask my boss," when facing decisions that require collaboration; instead, present yourself as a thoughtful collaborator and suggest discussing the matter with your team.
- Strive to sound mature and established in the workplace by using clear and professional language, avoiding filler words, and refraining from using informal terms when addressing colleagues.
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The 5 components of a successful job search strategy
- Competencies: Focus on your core skills and specialize in them; ensure at least a 70% match with job requirements.
- Companies: Target specific companies, don't rely solely on posted jobs, align with their needs, and expand your list.
- Connections: Network actively, leveraging personal and professional contacts for referrals and visibility.
- Competition: Know your strengths and assess competitors' qualifications; create a unique selling proposition (USP).
- Communication: Deliver your professional pitch effectively, emphasizing what matters most to your audience for a lasting impact.
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