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World No Tobacco Day: How smoking habits affect insurance premiums
- World No Tobacco Day is observed on May 31 to raise awareness about the harmful effects of tobacco and promote policies to reduce tobacco consumption.
- Insurers classify policyholders as smokers or non-smokers, with smokers being charged higher premiums due to the increased risk of early death associated with tobacco use.
- Smoking habits impact insurance premiums for both health and life insurance policies, with smokers paying significantly higher premiums due to the higher risk of chronic ailments and shorter life expectancy.
- It is important for policy seekers to disclose their smoking habits to insurers, as hiding this information can lead to claim rejections.
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Fake job offers being created to cheat job seekers on Linkedin, here is how to stay safe
- Scammers create fake job postings on LinkedIn to collect personal information or money from job seekers, making it the most common type of scam, accounting for 48% of the scams.
- Scammers use fake profiles to impersonate well-known companies or professionals and send unsolicited messages or emails to LinkedIn users, attempting to obtain sensitive information.
- LinkedIn scams can target individuals by posing as LinkedIn users or operate at the company level by impersonating existing companies or using false pretenses.
- Users should exercise caution when receiving unsolicited job offers or messages, verify the legitimacy of job postings and profiles, and report any suspicious activity to protect themselves and others from falling victim to scams.
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Why is it so hard to break the age-old taboo of revealing your salary?
- The age-old taboo against revealing your salary is deeply ingrained in both fear of employer reprisal and social norms, making it difficult to break.
- Increasing pay transparency through laws and advocacy has gained momentum in recent years, particularly among younger generations and anti-discrimination advocates.
- Despite the implementation of pay transparency laws in many states, companies continue to muzzle workers through informal discouragement or formal rules against discussing salaries.
- Surprisingly, a significant number of workers still support pay secrecy, highlighting the need for stronger enforcement, awareness, and a shift in employer attitudes towards transparency.
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Why companies are prioritizing soft skills?
- The pandemic has led companies to prioritize soft skills alongside technical abilities when hiring new employees.
- Turbulence caused by lockdowns and disrupted economies highlighted the value of retaining employees with collaboration skills and adaptability.
- Soft skills, such as leadership and teamwork, are now being prioritized alongside technical abilities.
- Communication and adaptability have gained importance, especially for roles involving remote or hybrid work.
- Job ads are becoming more inclusive, encouraging candidates who may not meet all criteria to apply, although companies may still have specific skill requirements in mind.
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Bad appraisal? Here’s what you need to do next
- Learn from the appraisal: Evaluate your expectations and compare your appraisal to the general raise.
- Avoid judging your boss: Understand the limitations they face in budget allocation.
- Stay calm and receptive during feedback: Maintain composure and display maturity in handling the situation.
- Think before changing jobs: Consider your tenure and the potential impact on your CV before making hasty decisions.
- Use the appraisal as an opportunity for growth: Take note of areas for improvement and leverage the feedback to enhance your capabilities for the future.
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These global companies offering flexible Work-From-Home
- Shift to remote work due to the pandemic has led to permanent work-from-home options in many companies.
- Companies like 3M, Airbnb, Atlassian, and Blackbaud are offering permanent work-from-home opportunities.
- Benefits of remote work include access to a global talent pool, cost reduction, increased employee satisfaction, and contribution to sustainability.
- AWeber, a leading email marketing platform, prioritizes work-life balance and fosters a remote-friendly environment for its employees.
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Bengaluru pays highest salary in India; jobs with lucrative packages to rise: Report
- Metro cities like Bangalore, Mumbai, Chennai, Delhi, and Hyderabad are the highest-paying cities in FY2023, attracting large-scale internal immigration.
- Bengaluru witnessed an impressive salary growth rate of 7.79% compared to the previous year.
- The pay structure gap between permanent and temporary job roles has narrowed, and there is a rise in Sales and IT roles due to organizations' focus on growth and digital transformation.
- "Hot jobs" offering higher salaries have emerged, such as the Relationship Manager role in the telecom sector with a 10.19% hike in Bengaluru and the Game Developer role in media and entertainment with a 9.3% rise.
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Woman fired from job after DNA result reveals CEO of company is her half-brother
- A woman was unexpectedly fired from her job after a DNA test revealed that she is the half-sister of the company's CEO, as shared in a story on Reddit and reported by The Mirror.
- The woman's father unknowingly purchased DNA testing kits for the family, not aware that he had a "secret love child" from a previous relationship.
- After receiving the test results, the woman discovered her CEO's name listed as her half-sibling and questioned whether he was aware of their relationship.
- The woman's work was mysteriously deleted from the company's drive, leading her to suspect sabotage and report the situation to the company's VP.
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Woman doesn’t reply to text during lunch break, boss snaps at her
- Twitter user Meemi shared a WhatsApp conversation where her boss snapped at her for not replying during her lunch break, sparking a debate among netizens.
- The post received over 590,000 views and close to 2,500 likes, generating various comments and questions for Meemi.
- Meemi chose not to disclose the company she works for but emphasized maintaining professionalism until the end of the month.
- Discussions revolved around topics like lunch break duration, standing up to the boss, empathy for Meemi's situation, and the importance of a healthy work culture beyond profits.
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Deloitte employee praises Adolf Hitler in LinkedIn post, deletes account after getting trolled
- A Deloitte employee sparked controversy after posting praise for Adolf Hitler on LinkedIn, leading to subsequent criticism and backlash.
- In his now-deleted post titled "Friday Inspiration," the employee expressed his longstanding interest in Hitler and discussed the dictator's "charismatic qualities," causing widespread condemnation.
- Following the backlash, the employee issued an apology and subsequently deleted his LinkedIn account, stating that he did not intend to offend anyone with his remarks.
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New Jersey firm fined for discriminatory Job ads seeking only Indians
- Infosoft Solutions Inc, operating as KForce Tech LLC, ordered to pay $25,500 in civil penalties for discriminatory job advertisements.
- Advertisements sought job applications only from India and non-US citizens needing visa sponsorship.
- Violation of Immigration and Nationality Act discouraged eligible workers and denied fair employment opportunities.
- Infosoft required to train recruiters, revise policies, and be subject to monitoring and reporting by the Department of Justice's Civil Rights Division.
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Which new jobs are likely to be created as Gen-AI tech continues to evolve
- Prompt Engineers- These professionals refine inputs to generate text or outputs from AI models, ensuring alignment with objectives.
- AI Trainers- These individuals teach generative models to recognize patterns and generate goal-oriented output.
- Data Annotation specialists- These specialists play a crucial role in labeling and tagging large datasets, facilitating the training and improvement of AI systems by providing high-quality annotated data.
- Human-AI interaction- these specialists design intuitive interfaces for seamless human interaction with AI systems.
- AI Product managers-These professionals oversee the development and launch of generative AI products, from ideation to market.
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What are the major challenges faced by job seekers in the current hiring environment?
- Job market strangeness: The job market has become strange and demoralizing, with many job seekers struggling to find employment despite a seemingly strong job market and their qualifications.
- Ghost jobs: Positions advertised online that never result in hiring or a response, leaving applicants in limbo and adding to the frustration.
- AI in hiring: Automated systems and algorithms are increasingly used in hiring processes, posing challenges for job seekers to navigate and optimize their applications.
- Economic turbulence: Economic instability, inflation, and the threat of recession have created uncertainty, leading to industry freezes and layoffs.
- Remote work competition and AI impact: Increased competition for remote roles and the rise of generative AI tools like ChatGPT have influenced job opportunities, with predictions of job losses and the need for job seekers to adapt to AI tools themselves.
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Actor Suniel Shetty shares his views on WFH vs. Work-from-Office
- Suniel Shetty, actor and entrepreneur, advocates for a return to office work, emphasizing the unmatched benefits of physical presence in a work environment.
- Shetty believes that working in an office allows for a valuable learning curve, providing access to experienced professionals and opportunities for observation and engagement.
- He highlights the importance of building real relationships with colleagues from diverse backgrounds, citing his own bonds with actors Salman Khan and Ajay Devgn as examples.
- Shetty believes office work offers real pressure, physical interactions, shared experiences, and transformative learning that remote work lacks.
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Zerodha's Nithin Kamath shares data on the 'gym membership adoption rate in India
- Only 0.2% of India's population, approximately 50 lakh people, are engaged in gym activities, according to data shared by Nithin Kamath, co-founder of Zerodha.
- Kamath emphasized the importance of strength training, particularly for older adults, as it becomes critical for maintaining health and an active lifestyle.
- He mentioned that exercise, including strength training, is proven to be effective in delaying death, preventing cognitive and physical decline.
- Kamath encouraged the use of open-air gyms and alternative exercises like yoga or free-hand exercises such as push-ups, pull-ups, squats, and crunches, to promote strength training and overall health.
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