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TikTok will ‘soon’ grant Oracle full access to code, algorithm
- TikTok plans to grant Oracle full access to its source code, algorithm, and content-moderation material to address national security concerns about the app.
- Oracle will monitor the gateways controlling data flow in and out of the secure environment it established for hosting TikTok's US user data.
- This initiative, known as Project Texas, aims to segregate US user data and allow partners like Oracle to assess security risks, alleviating concerns about Chinese ownership and potential government influence.
- While parts of Project Texas are already operational, more components will be brought online in the coming weeks and months. Oracle has started inspecting portions of TikTok's source code in its Dedicated Transparency Center.
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Top Interview questions that successful CEOs love to ask
- The question "How would you describe yourself in one word?" helps to gauge a candidate's self-awareness and how they define themselves.
- "What is the last thing you've learned on the job?" measures a candidate's curiosity, passion for learning, and willingness to go beyond their required duties.
- "What didn't you get a chance to include on your resume?" allows for a deeper exploration of a candidate's passions and interests outside of their formal qualifications.
- "How long are you willing to fail at this job before you succeed?" tests a candidate's commitment and perseverance, separating those willing to stick with the job from those who might give up easily.
- "What's in the newspaper today?" provides insight into a candidate's ability to think critically, express their thoughts, and assess their overall engagement and interestingness as a person.
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Is 2023 the Year of the Contract Worker?
- The shaky economy and corporate belt-tightening have led to increased demand for gig workers and contractors, as employers seek to cut labor costs and maintain flexibility in staffing.
- Listings for contract jobs have jumped 26% compared to the previous year, while full-time roles have only grown by 6%, according to LinkedIn's Future of Recruiting report.
- Employers see hiring contingent workers as a cost-effective option that reduces tax obligations and benefits costs while providing flexibility in staffing up or down as needed.
- The rise in gig workers and contractors is driven not only by budget constraints but also by shifting worker preferences and the desire for independence and flexibility.
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Skills-first hiring to prevail in India in next 18 months, say 75% recruiters in LinkedIn study
- A LinkedIn study reveals that 75% of recruiting professionals in India anticipate skills-first hiring to be a priority for their companies in the next 18 months.
- The report highlights a shift towards skills-based hiring, with recruiters being 50% more likely to search by skills than by years of experience.
- However, recruiters currently face challenges in accurately assessing candidate skills, with only 62% feeling confident in their ability to do so.
- Job candidates in India prioritize compensation at 53%, followed by opportunities to learn new skills, advancement, and job security, according to the LinkedIn survey. The study also suggests that the workforce's openness to new opportunities is increasing.
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Hybrid work surges, challenging return-to-office plans
- Share of full-time office workers decreased to 42% in Q2 2023, while hybrid work arrangements increased to 30%, according to The Flex Report.
- "Structured hybrid" models are emerging, with an average minimum of 2.53 required office days per week.
- Some companies, like Twitter and Tesla, still require full-time office attendance, while opposition cites discrimination concerns and challenges for working parents.
- Workplace flexibility varies by industry, size, and location, with smaller companies offering more flexibility. Western and northeastern states in the U.S. have higher flexible work adoption.
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What to know before applying to a Startup or Big Company
- Operations: Startups have smaller teams and founders making major decisions, while big companies have divided responsibilities among departments.
- Pay: Startups may have lower initial salaries but offer potential for growth, while big companies provide higher salaries and benefits.
- Culture: Startups have a close-knit and relaxed environment, while big companies offer social events and a larger team dynamic.
- Learning experience: Startups provide diverse roles for skill development, while big companies offer resources and industry expertise.
- Consider long-term goals when choosing between startups and big companies, with startups offering flexibility and growth potential, and big companies providing stability and career development.
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Benefits and Perks your Company should offer
- Benefits and perks play a crucial role in improving employee experience, motivation, and can set a company apart from competitors.
- Benefits are necessary and valuable to employees, such as health insurance, life insurance, paid time off, family leave, and retirement planning.
- Perks are additional offerings that enhance the employee experience, such as student loan assistance, flexible scheduling, career development, childcare support, work/life balance initiatives, lunch stipends, wellness programs, and employee recognition.
- Regularly assess the effectiveness of benefits and perks by gathering employee feedback and monitoring utilization. Communication and awareness of these offerings are crucial for their success.
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Top ways to establish a good relationship with your boss
- Establish mutual advocacy: Help your boss understand your long-term career goals and aspirations, enabling them to support and advocate for your growth within the organization.
- Align goals: Understand your manager's objectives and align your own goals with them. Set specific, measurable, attainable, relevant, and time-based (SMART) goals that contribute to the team's success.
- Communicate effectively in difficult conversations: Prepare, empathize, listen actively. Clarify goals, practice empathy, and use active listening to foster understanding and reduce tension.
- Build trust and grow: Deliver top-notch work, meet deadlines, communicate openly. Reliable performance creates a foundation for positive relationships and personal/professional growth.
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Man enrols in AI and machine learning course, gets job as data engineer with 100 per cent salary hike
- A recent survey by the World Economic Forum predicts a 22% growth in India's job market in the next five years, with AI, machine learning, and data roles being in high demand.
- Jarupula Prem Kumar, a farmer's son from Telangana, utilized online courses to upskill himself in AI and machine learning, leading to a 100% salary hike and a job with TVS motors as a data engineer.
- Kumar, who had a BTech degree and worked as a test data engineer, recognized the importance of staying updated with new technologies and wanted to apply them to benefit the agricultural sector.
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Top midlife job search mistakes that you need to avoid
- Using outdated resume formats: Use modern, visually appealing formats and highlight specific achievements.
- Not embracing professional networking sites: Utilize platforms like LinkedIn to expand your network and connect with industry experts.
- Considering age as a barriers: Showcase your experience, wisdom, and adaptability to combat ageism in the job market.
- Rigidity on salary: Research the company and industry to negotiate a fair pay that aligns with your priorities.
- Not okay with gig or project-based jobs: Consider temporary roles as they can lead to permanent opportunities within the same organization.
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Meet Nidhi Yadav, Gurgaon woman who built Rs 200 cr firm working from home
- Nidhi Yadav built Rs 200 crore firm Aks from home in Gurgaon. Launched in 2014 with Rs 3.5 lakh investment, Aks offers affordable ethnic wear for women aged 18-35.
- Aks experienced rapid growth, crossing Rs 100 crore in revenue within five years. Nidhi's research and strategy, like launching 20 styles every two weeks, contributed to the success.
- Aks, headquartered in Gurgaon, became a prominent player in the affordable ethnic wear market. By late 2021, revenue reached Rs 200 crore without external funding.
- During the pandemic, Aks manufactured masks, PPE kits, and expanded into kidswear. Aiming for Rs 500 crore revenue in 2023-2024, Aks continues to thrive.
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5 ways to protect your job in the current storm of layoffs
- Check Company History: Look for companies with a track record of stability and employee support during tough times.
- Negotiate Longer Notice Period: Secure a longer notice period in your employment contract to facilitate job search during layoffs.
- Understand LIFO Policy: Discuss concerns with HR and explore alternative arrangements to mitigate the impact of Last-In-First-Out (LIFO) layoffs.
- Negotiate Golden Handshake: Familiarize and include terms for financial safety in offer letter during termination or layoffs.
- Ensure Termination Compensation: Secure provisions for compensation in case of termination without cause to protect your financial well-being.
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Woman leaves her job at LinkedIn to travel the world
- A Delhi-based woman named Aakanksha Monga left her job at LinkedIn in 2022 to pursue her passion for traveling.
- Aakanksha shared her story on Twitter, mentioning that she gave herself a year to focus on traveling the world full-time.
- She reflected on her journey a year later, highlighting her accomplishments, including growing her online community, traveling to 12 countries, and building a team for her project called TravelAMore.
- Aakanksha's post went viral, receiving positive responses from many who were inspired by her decision to follow her passion, while others expressed differing opinions on her choice.
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IT employee sued boss after mistaking 'XX' for kisses in email
- An IT employee filed a sexual harassment lawsuit against her boss based on an email in which he used the letters 'xx'.
- The employee, Karina Gasparova, claimed that the letters 'xx' represented kisses and 'yy' implied sexual contact, interpreting the email as having a sexual connotation.
- The employment tribunal concluded that Gasparova's perception of the events was distorted and rejected her allegations.
- Judge Emma Burns stated that Gasparova made extraordinary claims without evidence and contradicted herself, leading to the dismissal of her case.
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The first 5 things you can do if you're impacted by layoffs
- Seek support and process emotions: Talk to your family and support network to stay positive and emotionally balanced.
- Manage finances and file for unemployment: Create a financial plan, track income and expenses, and file for unemployment promptly.
- Update application materials: Revamp résumé, cover letter, portfolio, website, and LinkedIn profile to highlight skills and stay relevant.
- Estimate job search duration and network: Seek advice from contacts, inform your network, and use LinkedIn's job-seeking feature.
- Create a structured job hunting plan: Set goals for networking, job searching, and applying, and track your progress in a document.
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