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Strategy News
HRKatha
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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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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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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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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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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
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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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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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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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Pcgamesn
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Slay the Spire 2 release date estimate, early access, and more
- The release date for Slay the Spire 2 has not been announced yet.
- Mega Crit, the developer of the game, has confirmed new slayers joining the cast.
- The game was first revealed in April 2024 at the Triple-I Initiative Showcase.
- Expect new creatures and monsters in this roguelike game compared to the original.
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Rockpapershotgun
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The robotic overlords of strategy-RPG Heart Of The Machine have graced us with a release date
- Heart Of The Machine is a cyberpunk 4X strategy game that allows players to control a newly awakened AI sentience in a future city.
- The game is set to release on January 31st as an early access title, offering a turn-based sci-fi 4X RPG experience.
- Players can choose different paths, including ruling by force, becoming a benevolent overlord, or exploring alternative options to save the crumbling society.
- The game features detailed menus, building options, factions, moral decision-making, combat androids, and manipulative methods to achieve goals.
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Rockpapershotgun
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The RPS Advent Calendar 2024, December 3rd
- Tactical Breach Wizards is featured in the RPS Advent Calendar 2024.
- The game offers turn-based puzzles with dynamic difficulty and a colorful cast.
- It presents itself as inviting to newcomers while still providing a satisfying challenge.
- The game is highly praised and considered a personal Game Of The Year by the writer.
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HRKatha
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Upasna Nischal elevated to India site head, Fidelity International
- Upasna Nischal has been elevated to the position of India site head at Fidelity International.
- She previously served as the global head of L&D and head of HR India at Fidelity International.
- Rohit Jetly, the previous India site head, will now lead technology and operations for the company’s Global Platform Solutions (GPS) business.
- Nischal has extensive experience in talent management, HR business partnering, and organizational development.
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HRKatha
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Why is French carmaker Renault hiring in China?
- Renault has hired 200 workers in Shanghai, China, with expertise in electric vehicles.
- The company aims to learn fast EV production and has hired hardware and software engineers.
- Renault plans to launch several electric models, including an electric R5 city car.
- Renault's electric vehicles will be equipped with cheaper lithium iron phosphate batteries by early 2026.
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Forbes
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Current HELOC & Home Equity Loan Rates: December 3, 2024—Rates Are Mixed
- Home equity loans and home equity lines of credit (HELOCs) are options for homeowners to tap into their home's value.
- A home equity loan is a fixed-rate, lump-sum loan, while a HELOC is a variable-rate second mortgage that works as a revolving line of credit.
- HELOCs provide flexibility for borrowing based on home equity, while home equity loans offer fixed-rate financing.
- The amount and terms of a loan or credit line depend on the value of the home and the borrower's financial needs.
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Forbes
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CD Rates Today: December 3, 2024—Earn Up To 5.37%
- The best interest rates on CDs—certificates of deposit—pay up to5.37% today, based on certificate term lengths.
- Three-month CDs are a good option for short-term savings goals. The current average rate on a three-month CD sits at 1.31%, but the highest rate is 5.00%.
- If you're interested in a short-term CD with high yields, consider a six-month CD.
- The highest interest rate currently available on a 12-month CD—one of the most popular CD terms—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%.
- Within the last week, the highest rate on a three-year CD has been 4.65%, so you’ll want to shop around for that rate or something near it.
- On a five-year CD, the highest rate today is 4.31%, the same as one week ago.
- The best rate on today’s jumbo CDs is 5.37% for a 6-month term.
- CDs are a relatively simple savings tool: You open an account with a deposit (your principal), let your money sit for a predetermined period of months or years while you enjoy the magic of compounding interest.
- If you want the best interest rate on your savings, CDs are usually your best bet, outpacing even the best high-yield savings accounts and best money market accounts.
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