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HRKatha
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Tawang MLA pushes for high altitude allowance for government employees
- Tawang MLA Namgey Tsering (NPP) is advocating for the implementation of a high altitude allowance for government employees working in Tawang district.
- Tawang, located at an elevation of 10,000 feet, poses significant challenges for employees due to low oxygen levels, physical exertion, and severe weather conditions.
- The proposed high altitude allowance would provide additional financial compensation for the government workers in Tawang.
- Tsering also highlighted the high cost of living in Tawang and provided updates on the progress of the Vibrant Villages Programme and concerns regarding the Army's use of sacred lands.
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Bitcoinist
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No, Saylor Isn’t Killing Bitcoin—Expert Fires Back
- Tech entrepreneur Jason Calacanis criticized Michael Saylor's aggressive Bitcoin strategy, suggesting it could pave the way for a 'better bitcoin.'
- Calacanis' remarks followed Saylor's keynote at the Bitcoin For America event, where US Senator Cynthia Lummis announced plans for a 'Bitcoin Act' to buy one million BTC over five years.
- Saylor's company, Strategy, known for buying significant amounts of BTC, plans to raise capital to continue accumulating Bitcoin.
- Despite concerns, Pierre Rochard argued that Bitcoin's decentralized architecture protects it from being controlled by any single entity or individual.
- Rochard highlighted Bitcoin's resistance to manipulation due to its rules-based architecture, proof-of-work mechanism, and global network of node operators.
- He emphasized that Bitcoin's strength lies in its issuance model, security, and decentralized community, rather than any individual holder like Saylor.
- Rochard dismissed the idea that a better alternative to Bitcoin could easily emerge, citing Bitcoin's unique position and network effects.
- He reinforced the importance of Bitcoin's permissionless nature, community-driven validation, and users' ability to self-custody coins.
- Rochard concluded that Bitcoin's governance is rooted in its code and global community commitment to peer-reviewed upgrades and protocol integrity.
- At the time of writing, Bitcoin was trading at $82,404.
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HRKatha
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UNICEF and Gigin AI collaborate to provide job/skilling opps to Indian youth
- UNICEF?YuWaah’s YouthHub and Gigin AI have partnered to provide job and skilling opportunities to Indian youth.
- The collaboration has facilitated over 500 verified job placements in the past four months, targeting youth from Tier 2 and Tier 3 cities and lower economic backgrounds.
- YouthHub is a digital platform developed by UNICEF?YuWaah, which offers personalized job recommendations based on skills, experience, and interests using artificial intelligence.
- The aim is to reach two million young individuals and empower 300 million by 2030, focusing on collaboration between government, private organizations, academia, and civil society.
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HRKatha
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How Salesforce is reshaping its workforce with a human-centred AI approach
- Salesforce is utilizing AI to transform its approach to hiring, upskilling, and empowering its workforce.
- Trailhead, Salesforce's learning platform, has become an AI-driven career accelerator, gamifying learning and offering personalised recommendations for skill development.
- Employees are encouraged to become 'Rangers' by engaging in AI-focused learning to acquire future-ready skills.
- Initiatives like Agent Learning Day encourage participation in AI education and progression towards becoming 'Agent Blazers'.
- AI algorithms suggest relevant courses tailored to individual profiles to align with strategic goals.
- Career Connect platform assists employees in tracking progression and exploring internal opportunities with personalised recommendations for upskilling.
- Salesforce uses AI in recruitment to identify potential candidates and improve hiring efficiency, resulting in higher retention rates for new hires.
- AI-powered tools on help.salesforce.com have reduced human intervention for customer support queries, improving service quality and scalability.
- Salesforce's Data Cloud consolidates data for unified customer profiles, enhancing personalised interactions and business processes.
- AI automation in tasks like code generation enables employees to focus on complex work, improving individual and organizational productivity.
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HRKatha
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Satish Mishra joins Pi42 as CTO
- Pi42, the Indian crypto-INR perpetual futures exchange, has appointed Satish Mishra as its new chief technology officer (CTO).
- Mishra brings more than 18 years of experience in cutting-edge technology, previously working at companies such as CoinDCX, Uber, Symantec, and Druva.
- At Pi42, Mishra will contribute to the company's growth in the Indian cryptocurrency landscape by enhancing technological capabilities and setting new standards of trust, security, and scalability.
- Mishra is excited to work closely with the leadership team to enhance the platform, support financial empowerment, and secure a stronger future for India in crypto.
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HRKatha
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Landor appoints Geet Nazir as managing director, India
- Landor, a global brand-transformation company, has appointed Geet Nazir as managing director for India.
- Geet Nazir was previously the managing director of Conran Design Mumbai and has a proven track record with clients such as ZydusLifesciences, Tata CLiQ, Usha Martin, and Coca-Cola.
- Lulu Raghavan, APAC president, Landor, is confident that Nazir's diverse background and impressive track record will be instrumental in driving growth and innovation in India.
- Nazir aims to utilize Landor's purpose-driven and customer-centric approach to design and branding to create progressive brands that resonate with Indian consumers.
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HRKatha
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Chinese manager steals Rs 18 cr. in salaries; fakes 22 employees
- A human resources manager in Shanghai orchestrated a massive salary fraud, creating 22 fake employees to siphon off 16 million yuan (Rs 18 crore) over eight years.
- Exploiting a lack of oversight, he manipulated the system to divert salaries into his own accounts.
- The scam was exposed in 2022 when the tech firm’s finance team noticed irregularities, triggering an internal audit and deeper investigation into payroll records and financial transactions.
- The accused was sentenced to 10 years and two months in prison, fined, and ordered to return the embezzled funds.
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HRKatha
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Ageism is a reality in India Inc.: 42% of employees experience it
- Ageism is a common experience in Indian workplaces, with 42% of employees facing it, as per a report by GI Group Holding.
- The intergenerational gap leads to misunderstandings between older and younger employees, with each group perceiving the other as lacking in certain aspects.
- The study shows that ageism is prevalent across all generations, affecting Conventionalists, Millennials, Gen Z, and Gen X at varying levels.
- Women and individuals from other gender identities are more likely to face age-related bias compared to men in the workplace.
- Despite some professionals being unsure, a significant portion confirms facing ageism during their careers.
- The reluctance to understand and bridge the generation gap often results in widening differences within the workplace.
- Older employees tend to be more comfortable reporting to older bosses, while Millennials and Gen Z are relatively open to reporting to younger superiors.
- The discomfort levels increase when younger individuals have authority over older employees, showcasing a struggle to adapt to newer work dynamics.
- Embracing differences and fostering a collaborative environment is crucial for all generations to work together effectively towards common objectives.
- Recognizing and addressing ageism in the workplace can lead to more inclusive and harmonious professional relationships.
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Bitcoinist
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Metaplanet Keeps Stacking Bitcoin—Now Sits On 3,050 BTC
- Japanese investment firm Metaplanet has added more Bitcoin to its portfolio, bringing its total holdings past 3,000 BTC.
- Metaplanet has set ambitious targets to amass 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026, aiming to become one of the largest corporate Bitcoin holders.
- By embracing Bitcoin as its core asset, Metaplanet has witnessed significant market performance and shareholder interest, with over 50,000 stockholders and a market capitalization rise of about 7,000% in less than a year.
- Metaplanet's aggressive Bitcoin purchasing approach reflects its belief in the future growth and value of the flagship cryptocurrency.
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Medium
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The Grand Pivot — YouTube: From Dating Platform to Video Empire
- YouTube was initially envisioned as a dating platform by its founders, former PayPal employees, who shifted its focus to general video sharing within days of launch.
- The pivot from dating to general video sharing was driven by the lack of user engagement with the original concept, showcasing the founders' agility and willingness to pivot swiftly.
- The decision to pivot to open video sharing was made to leverage the core technology of easy video uploading and sharing, marking the beginning of YouTube's success.
- YouTube's pivot aligned with technological trends like increasing broadband adoption, proliferation of digital cameras, and maturation of Flash video technology.
- The founders' lean startup approach, quick decision-making, and iterative product development played a key role in YouTube's rapid growth and success.
- YouTube leveraged unconventional approaches like cloud hosting to manage infrastructure costs and support its growing user base efficiently.
- Following the pivot, YouTube's growth was explosive, reaching milestones like hosting 25 million videos and generating 20,000 uploads daily within a year.
- YouTube's pivot offers lessons on listening to market feedback, identifying core technology value, aligning with market trends, jumpstarting network effects, and maintaining organizational adaptability.
- The platform democratized video distribution, enabling a shift in media consumption and creation while transforming into one of the most visited websites globally post-acquisition by Google.
- YouTube's successful pivot from a dating site to a video empire underscores the importance of recognizing broader opportunities, adapting to market dynamics, and executing new directions decisively.
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Insider
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Companies large and small are using AI for employee onboarding. It can save HR days of time.
- Getty Images; Karan Singh for BIAI is streamlining onboarding processes for companies of various sizes.
- Hitachi and Texans Credit Union are using AI to save time and enhance engagement in new-hire experiences.
- Incorporating AI in onboarding helps in saving time and reducing delays, especially in tech companies and high-growth firms.
- AI applications in onboarding include digital assistants for paperwork, and 24/7 chatbots to answer new-hire questions.
- AI implementation in onboarding requires clear problem-solving goals, success metrics, and a test-and-learn approach.
- Business leaders need to identify pain points before integrating AI into employee onboarding processes.
- Texans Credit Union added robotic process automation to streamline onboarding and save time on system access setups.
- Hitachi reduced onboarding time by four days and decreased HR staff involvement from 20 to 12 hours using a custom AI system.
- Leaders are excited about customizing AI in onboarding to cater to specific company needs, whether through generative or agentic AI applications.
- Automating rudimentary processes and enhancing the onboarding experience for new employees are key goals of AI implementation.
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HRKatha
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Inspira Enterprise gets Lalith Sharma as president & CHRO
- Inspira Enterprise has appointed Lalith Sharma as its new president and chief human resource officer (CHRO).
- Sharma will oversee HR initiatives, training and development programmes, and strategic workforce planning.
- With over 24 years of experience, Sharma's expertise lies in HR strategy, leadership development, and workforce innovation.
- He joins Inspira after a 17-year tenure at Sify Technologies, where he served as CHRO.
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Forbes
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Mortgage Rates Today: March 12, 2025 – 30-Year Mortgage Rates Increase, 15-Year Rates Steady
- Today's average mortgage rate on a 30-year fixed-rate mortgage is 6.63%, up 0.13 percentage point from the previous week.
- Borrowers may save on interest costs by going with a 15-year fixed mortgage, which has an average APR of 5.69%.
- Refinance rates are also available for those looking to refinance their existing mortgage.
- Factors such as credit score, debt-to-income ratio, and loan programs impact mortgage rates.
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Forbes
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Today’s HELOC & Home Equity Loan Rates: March 12, 2025
- Home equity loans and home equity lines of credit (HELOCs) provide homeowners with the ability to access the value of their homes.
- HELOCs offer a variable-rate second mortgage that allows homeowners to borrow against the value of their homes on a revolving line of credit.
- Home equity loans, on the other hand, are fixed-rate, lump-sum loans that allow borrowers to repay the borrowed amount in monthly installments.
- Borrowing against home equity can be used for various financial needs, including major investments and home renovations.
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Forbes
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Money Market Interest Rates Today: March 12, 2025 – Earn Up To 4.89%
- The average money market rate is 0.54%, but the best rate today is 4.89%.
- Money market accounts are interest-bearing deposit accounts that can be opened at a bank or credit union.
- They offer higher interest rates than typical savings accounts, but require higher minimum deposits and balances.
- To open a money market account, compare the best yields, consider fees and other features, and submit an application online or in-person.
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