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Forbes
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376
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Today’s CD Rates: December 4, 2024—Take Home More Than 5%
- The best interest rates on CDs (certificates of deposit) currently top out at 5.37% and depend on the term.
- The current average rate on a three-month CD is 1.32%, but the highest rate is 5.00%.
- The current average APY for a six-month CD is 1.85%, down from 1.86% last week at this time.
- The highest interest rate currently available on a one-year CD is 5.37%.
- If you can hold out 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%, same as one week ago. APYs are averaging 1.59%, the same as this time last week.
- Most jumbo CDs require a minimum deposit of $100,000 and some even require $250,000.
- Digital banks tend to have an edge over traditional outfits thanks to lower overhead costs and the need to offer top-of-market yields to attract new customers.
- The Federal Deposit Insurance Corp. provides you with up to $250,000 in coverage in the event the bank issuing your CD ever fails.
- Opening a CD account requires a lump-sum deposit, which you can also think of as an investment.
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HRKatha
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337
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Odisha legislators seek salary hike, better pensions
- Legislators in Odisha have sought a salary increment along with better pensions for ex-legislators.
- A committee has been formed by the Assembly to advise the Odisha government on MLAs' salary issues.
- The committee will study compensations of ministers in other states before proposing any hike.
- Earlier, a committee had suggested hiking the salaries of legislators and pensions of former legislators.
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Nordicapis
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Who Will Take Ownership of API Consumption Management?
- Effective API consumption management requires cost optimization, performance monitoring, reliability assurance, security enforcement, and compliance adherence. The question of who should take responsibility for API consumption management remains unresolved. Several teams, including platform engineering, DevOps, application developers, integrations, and AI engineers, could assume this responsibility. The potential emergence of a new role, the API consumption manager, could bridge technical expertise and business strategy. An API consumption manager would combine deep technical skills with strategic insight and could work closely with product and financial teams. The need for an API consumption manager seems logical as API reliance deepens and organizations face increasing challenges in managing these critical resources. Emerging technologies like AI and machine learning offer the potential to automate monitoring and optimization and transform how organizations manage and optimize their API ecosystems.
- API consumption management involves several domains such as cost management, monitoring, reliability, security, and compliance. Cost management requires monitoring API calls to prevent budget overruns. Reliability and performance monitoring is essential to ensure uptime of external APIs. Security is necessary to protect against potential vulnerabilities introduced by third-party APIs. Compliance adherence ensures that data handling practices meet regulatory requirements.
- Several teams including platform engineering, DevOps, application developers, integrations, and AI engineers could potentially assume the responsibility of API consumption management. Platform engineering and integrations teams are well-suited to oversee the reliability and performance of API interactions. DevOps teams are adept at managing API consumption but might not have sufficient time as their extensive duties across the development lifecycle may not allow them to dedicate sufficient attention to API consumption management. Developers are good at managing API consumption in smaller companies but their primary focus is on feature development, which could detract from this responsibility in a larger organization.
- AI engineers understand the performance and quota requirements of AI-specific APIs and could play a crucial role in managing API consumption as organizations adopt AI-driven solutions. However, broadening their scope to include general API consumption management might divert them from their core focus on AI model performance.
- The complexity of managing API integrations raises the potential emergence of a new role, the API consumption manager. This position would bridge technical expertise and business strategy, addressing the growing need for cohesive oversight of API usage as a critical organizational resource. The role of an API consumption manager would likely combine deep technical skills with strategic insight and assess how APIs align with broader business objectives.
- The reporting structure for an API consumption manager would depend on the organizational priorities. This role would likely report to the head of engineering, ensuring alignment with technical goals, and work closely with product and financial teams to balance technical efficiency with business value particularly in large-scale organizations where API complexity often leads to inefficiencies.
- As the deepening reliance on external APIs continues, the need for clear ownership and dedicated management becomes undeniable. AI offers the potential to automate monitoring and optimization, while machine learning algorithms can predict usage patterns and preempt potential performance issues. This shift signals not just an increase in API reliance but also a transformation in how organizations manage and optimize their API ecosystems.
- By addressing the need for structured API consumption management, companies can take proactive steps to reduce costs, ensure reliability, and align API usage with business objectives. This strategic approach enables organizations to optimize operations and maintain a competitive edge in an increasingly API-driven digital economy.
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HRKatha
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Anvesha Singh is director-talent development, Microsoft
- Anvesha Singh has joined Microsoft as the director of talent development.
- She previously held the position of vice president of talent management at Vodafone.
- Singh has a strong background in HR, having worked in various roles at companies like RPG Group, CEAT Tyres, Raychem RPG, ZEISS Group, and Bajaj Consumer Care.
- Her strategic thinking and experience will be valuable in her new role at Microsoft.
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Minis
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The chief people officer of Yahoo explains why they don’t do performance reviews
- Yahoo eliminated traditional performance reviews in 2022, replacing them with continuous check-ins.
- Chief People Officer Lisa Moore explained that biannual reviews often left employees disappointed and unaware of performance issues until the end of the year. Instead, managers hold ongoing discussions about employee strengths, growth potential, and team concerns, fostering more frequent, productive conversations.
- To ensure consistency, an HR bot surveys employees twice yearly to track manager interactions and enforces regular meetings if necessary. This shift promotes a more collaborative and transparent culture, allowing both managers and employees to address performance and goals throughout the year without surprises.
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HRKatha
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737
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Ingram Micro to cut 860 jobs, streamline operations
- Ingram Micro plans to trim its workforce by 850 roles as part of a restructuring exercise.
- The job cuts aim to improve efficiency and customer service in the IT firm.
- Impacted employees will receive support as per company policy.
- The restructuring involves integrating digital and IT teams to save costs and eliminate redundant tasks.
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HRKatha
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166
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Unlocking workplace success through the ‘serial position effect’
- The serial position effect is a well-documented pattern in memory where people remember the beginnings and endings of sequences better than what is in between.
- This effect influences decision-making in various aspects of the workplace, from hiring decisions to presentations and performance reviews.
- To make use of this effect, it is advised to craft strong openings and closings in presentations or conversations, highlight contributions in the middle of projects, balance speaking orders in meetings, and use structured processes to combat bias in decision making.
- Recognizing and working with the serial position effect can help individuals and organizations improve memory recall and decision-making in the workplace.
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HRKatha
3w
677
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Why is Nomura CEO taking 30% pay cut for 3 months?
- Kentaro Okuda, CEO, Nomura, is taking a 30% pay cut for three months in response to a former employee's misconduct that caused damage to the company's reputation.
- The former employee, part of the wealth-management team, was charged with drugging an elderly client and setting their house on fire after stealing money.
- Nomura has implemented measures to identify misconduct, including regular feedback from clients and approval process for personal visits to clients' houses.
- This is not the first pay cut taken by Okuda, who previously took a 20% cut due to the company's fine for market manipulation; Nomura is also implementing cost-cutting measures and focusing on digitalization.
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HRKatha
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273
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Can’t ask employee to retire amid pending departmental proceedings: Patna HC
- When departmental proceedings are still pending against an employee, they cannot be made to retire compulsorily based on charges labeled against them, as ruled by the Patna High Court.
- The case involved Mehfooz Alam, a Class-III employee employed at the Governor’s Secretariat in Bihar, who was mandatorily asked to retire while the departmental proceedings were still underway.
- The Patna HC ruled that such premature retirement was not justified under Rule 74 of the Bihar Service Code.
- The court emphasized that compulsory retirement can only be ordered based on the authorities' subjective satisfaction, which cannot be developed if proceedings are still ongoing.
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HRKatha
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310
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Walmart will not consider race or gender in hiring any more
- Walmart has decided to stop implementing diversity, equity, and inclusion policies in its hiring process.
- The retailer will no longer consider race or gender when choosing suppliers or hiring people.
- They will also stop funding their racial equity training center and reconsider supporting LGBTQ+ events.
- Other organizations in the US have also reorganized their teams to eliminate diversity initiatives.
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Forbes
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407
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First-Time Home Buyer Market Share Drops To All-Time Low Amid Persistent Headwinds
- The market share of first-time home buyers has dropped to an all-time low of 24%.
- Rising home prices, high mortgage rates, and limited inventory are major obstacles for first-time buyers.
- The average age of first-time home buyers has increased to 38, reflecting affordability challenges and inventory constraints.
- All-cash buyers account for a record high of 26% in the housing market.
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Medium
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403
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The Emperor Has No Metrics: When Data Deceives
- Organizations often deceive themselves when it comes to metrics, relying on vanity metrics that provide little insight into product value.
- Metrics related to engagement, conversion, and feature completion can be misleading and not indicative of real user problems being solved.
- True product success lies in solving real problems, delivering value, and focusing on outcomes.
- Product leadership should prioritize deep customer understanding and creating products that make a real difference.
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HRKatha
3w
346
Image Credit: HRKatha
Is the MBA degree worth the investment?
- The MBA is no longer the unassailable symbol of success it once was, as it may have outlived its prime and lost its worth in today’s professional landscape.
- Rising costs, diminishing returns, and a rapidly changing job market are forcing students to question the worth of this degree.
- The pursuit of an MBA is relentless, yet the return on investment (ROI) is increasingly underwhelming.
- Graduates often emerge with over $150,000 in tuition debts, which can take decades to repay.
- The MBA no longer carries the distinction it once did in a saturated job market teeming with MBA holders.
- Traditional MBA-friendly industries such as consulting and finance, are now offering fewer career opportunities and stagnant salaries.
- Modern industries such as artificial intelligence, digital marketing, and data science require practical expertise, which the MBA struggles to provide.
- Professionals are turning to alternative forms of education such as online platforms, boot camps, and certifications.
- An MBA cannot guarantee success. Career progression depends on individual traits such as resilience, adaptability, and networking skills.
- For some, the MBA is still a worthwhile investment, particularly for those targeting careers in finance, consulting, or corporate leadership, but for others, alternative education and hands-on experience often provide a faster, cheaper, and more effective route.
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Rockpapershotgun
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170
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One of strategy gaming's true oddballs returns in Creeper World IXE, which pits starships against oceans of wrathful gloop
- Creeper World IXE is the latest installment in a series of real-time strategy games.
- The game focuses on dominating the Creeper using an upgradeable 2D starfleet.
- Players must strategically use terraforming to open passages and achieve mission objectives.
- The game offers physics-based terrain and fluid simulation, along with custom unit support.
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Medium
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149
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The VMSO Framework brings clarity, alignment, and purpose to teams
- The VMSO framework is a lightweight approach to address team and cross-team dysfunctions.
- It helps teams clarify their scope, goals, responsibilities, and dependencies.
- VMSOs complement PRFAQs and OKRs, focusing on team autonomy and ownership.
- The framework is applicable to various organizational structures and teams.
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