A naukri.com initiative
Strategy News
HRKatha
2w
78
Image Credit: HRKatha
EPAM Systems strengthens India presence with aggressive hiring
- US-based IT engineering services provider, EPAM Systems, has significantly expanded its operations in India.
- With over 2,000 new hires this year, EPAM's workforce in India has reached more than 9,000 employees.
- EPAM aims to reach 10,000 employees in India by March 2025 as part of its strategic expansion.
- The company's hiring drive focuses on emerging roles like prompt engineers, AI ambassadors, and AI consultants to support various transformation projects in artificial intelligence, analytics, cloud computing, and digital engineering.
Read Full Article
4 Likes
Minis
2w
54.7k
Image Credit: Minis
How techies can ask for a big hike in job interview? Here's what Bill Gates suggests
- In a 2020 interview with NBA star Stephen Curry, Bill Gates shared advice on handling tough job interview questions. When asked about salary expectations, he suggested focusing on value rather than a specific number.
- He emphasized his preference for stock options over cash, showing confidence in the company's future and subtly signaling his marketability.
- Gates also addressed the “Why should we hire you?” question by highlighting his coding skills, teamwork, and personal growth.
- He encouraged candidates to showcase ambition, adaptability, and a willingness to collaborate, offering timeless interview strategies for job seekers at any career stage.
Read Full Article
207 Likes
Forbes
2w
200
Image Credit: Forbes
Today’s Top Money Market Account Rates For December 5, 2024 — Rates Move Downward
- Today's money market account rates are on a downward trend.
- The average money market rate is currently at 0.56%.
- The best rate available today is 5.00%.
- Money market accounts offer convenience and higher interest rates compared to regular savings accounts.
Read Full Article
12 Likes
Forbes
2w
331
Image Credit: Forbes
Current HELOC & Home Equity Loan Rates: December 5, 2024—Rates Are Mixed
- Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.
- A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up to 85% of their home’s value and pay that amount back in monthly installments.
- A home equity line of credit is a variable-rate second mortgage that draws on your home’s value as a revolving line of credit.
- Lenders usually approve home equity loans or lines of credit up to a certain loan-to-value ratio (LTV), such as 80% or less.
Read Full Article
19 Likes
Forbes
2w
218
Image Credit: Forbes
High-Yield Savings Account Rates Today: December 5, 2024 – Rates Move Down
- Rates on savings accounts are going down, with the highest yield on a standard savings account being 5.84% with a $2,500 minimum deposit.
- High-yield savings accounts requiring a minimum deposit of $10,000 offer an interest rate of 5.35%.
- For high-yield savings accounts with a minimum opening deposit of $25,000, the highest available rate is 4.41%.
- The current average APY for high-yield accounts is 0.24% with a $25,000 minimum deposit.
Read Full Article
13 Likes
Forbes
2w
393
Image Credit: Forbes
Today’s Refinance Rates: December 5, 2024—Rates Decrease
- Today’s average refinance rates are showing a decline in the 30-year fixed rate.
- The latest average rate for a 30-year fixed mortage refinance rate is at 7.21%.
- Interest rates for 15 and 20-year fixed rate mortage refinances average at 6.28% and 7.02% respectively.
- A borrower paying on a 30-year fixed-rate mortgage refinance of $100,000 can expect to pay $679 per month on principal and interest at the current interest rate.
- Borrowers can expect to rack up total interest costs of about $144,534 over the life of the loan.
- Refinancing a mortgage usually requires 2% to 6% of the loan amount in closing costs.
- Uses for refinancing a mortgage include lowering interest rates, achieving more affordable monthly payments and accessing your home’s equity.
- Closing costs can impact whether refinancing is worthwhile. A “break-even point” calculation allows you to determine how long savings from a new mortgage take to surpass any closing costs.
- Homeowners with good credit scores and loan-to-income ratios are more likely to acquire lower refinance rates.
- Borrowers should check interest rates frequently and consider shorter term loans to receive the most affordable interest rates.
Read Full Article
23 Likes
Forbes
2w
331
Image Credit: Forbes
Mortgage Rates Today: December 5, 2024—Rates Remain Fairly Steady
- The average mortgage rate on a 30-year fixed mortgage is 7.14%, down from 7.16% last week.
- The average rate on a 15-year fixed mortgage is 6.26%, down 0.04 percentage points from the previous week.
- Borrowers should compare their existing mortgage rate to today's refinance rates to lock in a lower rate.
- Factors such as credit score, debt-to-income ratio, and loan programs impact mortgage rates for borrowers.
Read Full Article
19 Likes
Forbes
2w
30
Image Credit: Forbes
CD Rates Today: December 5, 2024—Earn Up To 5.37%
- The best interest rates on CDs—certificates of deposit—pay up to 5.37% today, based on certificate term lengths.
- Three-month CDs are a good option for short-term savings goals and the highest rate for it today sits at 5.00%.
- The best rate available on a 12-month CD is 5.37%, making it one of the most popular CD terms.
- For two years, 2-year CDs today are being offered at interest rates as high as 4.52%.
- On a five-year CD, the highest rate today is 4.31%, but make sure you’re aware of the early withdrawal penalty.
- The best rate on today’s jumbo CDs is 5.37% for a 6-month term. Most jumbo CDs require a minimum deposit of $100,000.
- Digital banks tend to offer top-of-market yields to attract new customers. Chase Bank, Capital One and Synchrony Bank are a few options to consider.
- CDs typically pay higher interest than other savings vehicles, and CDs beat the more attention-getting investments as they are one of the safest places to put your money.
- The Federal Deposit Insurance Corp. and the National Credit Union Administration insure your money in the event the bank issuing your CD ever fails.
- Curinos determines the average rates for certificates of deposit (CDs) by focusing on specific CDs and excluding others.
Read Full Article
1 Like
HRKatha
2w
52
Image Credit: HRKatha
Poonawalla Fincorp plans to double workforce amid major expansion
- Poonawalla Fincorp plans to double its workforce in the coming year.
- The expansion aims to build a robust retail-focused business portfolio.
- The company plans to increase its branch network from 100 to 500 over the next few years.
- Poonawalla Fincorp aims to create a tech-savvy and customer-centric workforce.
Read Full Article
3 Likes
HRKatha
2w
629
Image Credit: HRKatha
Why is there a huge skills gap in the Indian electronics industry?
- India's electronics-manufacturing sector is growing rapidly, but there is a significant skills gap in the industry.
- The sector's demand for skilled workers is not met, especially in advanced roles like manufacturing, electronics design, and technical troubleshooting.
- The skills gap is widening due to outdated curricula in educational institutions and a lack of practical skills among graduates.
- To bridge the gap, a multi-faceted approach is needed, including upskilling, reskilling, and apprenticeship programs aligned with industry demands.
Read Full Article
10 Likes
HRKatha
2w
297
Image Credit: HRKatha
Zepto’s success marred by allegations of toxic work; CEO responds
- Allegations of a toxic work culture have surfaced regarding Zepto, despite its recent funding success.
- An anonymous Zepto employee on Reddit described the work environment as toxic, citing irregular schedules and grueling hours.
- Accusations include late meetings, delayed or postponed actions, exploitation of app design for increased customer charges, and cost-cutting measures by hiring junior staff.
- Zepto's CEO, Aadit Palicha, responded to the allegations, defending work-life balance and triggering online reactions.
Read Full Article
17 Likes
HRKatha
2w
1.1k
Image Credit: HRKatha
78% respondents disclosed their disability to an HR person at work: Deloitte Report
- According to a Deloitte report called Disability Inclusion @ Work 2024: A Global Outlook, 78% of respondents disclosed their disability to an HR person at work.
- The report reveals that people with disabilities are more likely to disclose to HR or their direct supervisor rather than their team or other colleagues outside their team.
- The HR departments play a crucial role in creating an inclusive workplace and should prioritize accessibility and establish a good rapport with people with disabilities.
- The survey, conducted across 20 countries, also highlights the importance of HR in supporting career advancement and creating mentorship programs for employees with disabilities.
Read Full Article
23 Likes
Insider
3w
903
Image Credit: Insider
Bill Gates' top 5 books of the year include a Roger Federer biography and a book by the head of Microsoft AI
- Bill Gates has unveiled his top book picks for 2024, highlighting works that explore understanding the world during times of rapid change.
- His recommendations include An Unfinished Love Story by Doris Kearns Goodwin, an autobiography about her life with her late husband; The Anxious Generation by Jonathan Haidt, examining how social media impacts youth mental health; Engineering in Plain Sight by Grady Hillhouse, a guide to modern infrastructure; and The Coming Wave by Mustafa Suleyman, exploring the future of AI and gene editing.
- A bonus pick for tennis fans is Federer by Doris Henkel, a visual biography of Roger Federer.
Read Full Article
20 Likes
HRKatha
3w
4
Image Credit: HRKatha
Debashish Roy is chief digital transformation officer, CEAT
- CEAT has appointed Debashish Roy as its chief digital transformation officer.
- Roy brings over 15 years of experience and will report to Amit Tolani, CEO of CEAT Specialty.
- Roy will play a key role in driving the company's digital innovation, customer-centric initiatives, and technological advancements.
- CEAT aims to enhance customer experiences and strengthen its market position with Roy's strategic vision and leadership.
Read Full Article
Like
HRKatha
3w
375
Image Credit: HRKatha
Gitesh Karnik roped in for CHRO role at Veefin Group
- Gitesh Karnik has been appointed as the chief human resources officer (CHRO) at Veefin Group.
- Karnik brings over two decades of experience in HR, having worked with various organizations including Cyquator Technologies, Integreon, GE Money, Deutsche Bank, Tata Capital, e-Nxt Financials, Hicare Services, Nearby Technologies, and Magma Fincorp.
- Veefin Group is a global supply chain finance company and digital lending platform.
- Karnik's appointment is expected to contribute to the HR function at Veefin Group and support its growth in the industry.
Read Full Article
22 Likes
For uninterrupted reading, download the app