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Mizoram launches special voluntary retirement scheme
- The Mizoram government has introduced a Special Voluntary Retirement Scheme (SVRS) for 2024.
- Under the SVRS, government employees with terminal illness are eligible for voluntary retirement with pension benefits.
- Committees will be formed to identify employees who are struggling to perform their duties due to serious health conditions.
- The scheme aims to address the practice of government employees hiring proxies and improve administrative efficiency.
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Medium
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The Death of Product Vision: Why Steve Jobs Would Struggle in Today’s Tech World
- Many companies have embraced a fluid Agile, “fail fast” mindset driven by rapid tech innovation without a clear long-term strategy.
- Product strategy is losing focus in today's tech ecosystem, resulting in the creation of commercially unsuccessful products.
- Product management has shifted from a business-driven approach to an engineering-driven approach, often overlooking diverse skill sets necessary for innovation.
- The diminishing role of quality assurance (QA) in the tech landscape is leading to a decline in the user experience and undermining market dominance.
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HRKatha
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Marriott International recalibrates the hospitality work clock
- Marriott International is implementing a radical policy called 'Life on Time' in the hospitality industry to enforce employees to work only their rostered hours, typically eight to nine per day.
- The initiative is aimed at providing associates with the flexibility to manage their personal and professional lives effectively, breaking the culture of long hours equated with dedication.
- Marriott's data revealed that a significant percentage of employees are willing to sacrifice compensation for greater happiness, showing a global struggle with work-life balance.
- The 'Life on Time' policy challenges the belief that longer hours lead to higher productivity, emphasizing that well-rested employees deliver better service.
- Marriott implemented a technology-driven solution allowing employees to log hours against shift rosters, using AI alerts to manage excess hours and ensure efficiency.
- To address generational differences in work philosophy, Marriott introduced accountability measures, gamification, and rewards to redefine productivity based on efficiency rather than hours worked.
- The results of the 'Life on Time' initiative have shown a reduction in employee turnover, improved engagement scores, and better compliance with overtime regulations.
- JW Marriott's approach challenges the industry assumption of self-sacrifice by demonstrating that shorter, focused shifts can maintain service quality and improve employee satisfaction.
- The initiative aligns with changing labour-market trends, catering to younger generations' expectations for better work-life balance to gain a competitive advantage in recruitment and retention.
- Marriott's initiative is viewed as a strategic move to build a sustainable and happy workforce and sets a potential blueprint for the hospitality sector by prioritizing smart, balanced work over long hours.
- The industry will be watching closely to see if JW Marriott's time management innovation becomes a standard practice or remains an exception in an industry known for demanding excessive working hours.
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HRKatha
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Neha Thakker is now talent-acquisition lead, DSP Mutual Fund
- Neha Thakker has joined DSP Mutual Fund as talent-acquisition lead.
- She brings extensive experience in talent acquisition, employer branding, and diversity hiring.
- Previously, Thakker held the position of assistant vice president-human resources at EAAA Alternatives.
- Thakker is known for her strong background in BFSI and alternative investments.
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HRKatha
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NMDC elevates Priyadarshini Gaddam to director (personnel)
- Priyadarshini Gaddam appointed as director (personnel) at NMDC.
- Gaddam previously held the position of chief general manager (personnel & administration).
- She has over 30 years of experience and has contributed to employee welfare and stakeholder management at NMDC.
- Gaddam has introduced skill-development initiatives and established healthcare centers for the workforce at NMDC Steel.
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HRKatha
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Progress chooses Ed Keisling for newly-created CAIO role
- Progress has appointed Ed Keisling as Chief AI Officer (CAIO), a newly-created role.
- Keisling, with over three decades of experience, has been with Progress since 2017 and held various positions, including SVP of Engineering.
- In his new role, Keisling will lead the AI strategy for Progress and transform the company's product portfolio to support customers in their AI journeys.
- He will report to Yogesh Gupta, CEO of Progress.
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Forbes
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Best HELOC Rates Of February 2025
- Forbes Advisor suggests that Connexus Credit Union offers the best HELOC rates in February 2025.
- Connexus Credit Union is highly ranked due to its competitive rates, fast online application process, and lack of appraisal requirement.
- Other lenders offering the best HELOC rates also have accessible customer support and quick application processes.
- Forbes Advisor's rankings are unbiased and based on data-driven methodologies, ensuring equal measurement of all lenders.
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Forbes
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7 Best Payroll Services For Small Business Of 2025
- The best payroll software reduces the time and effort required for a business to run its payroll at a price that won’t break its budget.
- Companies can choose to purchase payroll software that they operate and manage themselves, or spend a little extra for a comprehensive payroll service that takes some or all responsibility for ensuring your workers are paid accurately and on time.
- Our top picks for SMBs cost as little as $10 per employee per month, though most businesses are likely to spend between $20 and $30 per employee per month for a payroll solution that checks all their boxes.
- Gusto topped our ratings for its easy contractor payroll processing, and we identified nine best payroll services for small businesses that offer an affordable way to run their payroll while making the information easy for employees to access and minimizing payroll administration.
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Rockpapershotgun
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GTA 6 developers buy L.A. Noire director's studio, rename it Rockstar Australia
- GTA 6 developers Rockstar Games have acquired Video Games Deluxe, the Sydney-based team who collaborated with them on various projects.
- Video Games Deluxe, now known as Rockstar Australia, previously worked on L.A. Noire and Grand Theft Auto: The Trilogy - The Definitive Edition.
- The founder of Video Games Deluxe, Brendan McNamara, was also the founder of the original L.A. Noire developer, Team Bondi.
- Rockstar Australia is expected to contribute to the development of Grand Theft Auto 6.
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HRKatha
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Ola Electric to lay off 1000+ jobs, cut losses
- Ola Electric is set to lay off over 1000 jobs as part of cost-cutting measures.
- The job cuts will impact various departments, including charging infrastructure, fulfilment, procurement, and customer relations.
- Ola Electric aims to control costs, improve customer experience, and increase margins through restructuring and embracing automation.
- The December quarter saw increased losses as a result of stiff competition in the electric vehicle space, poor sales, and growing net loss.
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HRKatha
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Union Cabinet to hike DA by 4% before holi
- The Union Cabinet is expected to announce a four percent Dearness Allowance (DA) hike for Central government employees starting January 2025.
- Past trends suggest that the government often announces DA hikes before Holi.
- Under the Seventh Pay Commission, DA for Central government employees is revised twice a year, in January and July.
- The anticipated DA increase in January 2025 is projected to be in the range of three to four percent.
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Insider
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Venting on social media about your job can be good, but be very, very careful
- Former VP of HR at Microsoft, Chris Williams, advises caution when venting about your job on social media.
- Anonymity is not possible on social media, so be careful about what you post, especially on LinkedIn.
- Burning bridges and aggressively trashing your company can have negative consequences and make future employers hesitant to consider you.
- While venting on social media can provide catharsis and help spread your reputation, it's important to be thoughtful and constructive in your posts.
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Forbes
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Current HELOC & Home Equity Loan Rates: March 3, 2025
- Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.
- HELOCs offer a variable-rate second mortgage that works as a revolving line of credit.
- Home equity loans have fixed rates and are paid back in monthly installments.
- HELOC rates are influenced by banks and expected to rise in the coming years.
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Forbes
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High-Yield Savings Account Rates Today: March 3, 2025 – Rates Are Steady
- Rates on savings accounts have remained steady compared to one week ago.
- The highest yield on a standard savings account with a $2,500 minimum deposit amount in the last week has been 6.35%.
- High-yield savings accounts typically offer substantially higher interest rates compared to traditional savings accounts.
- Interest rates on savings accounts are influenced by the Federal Reserve's rate moves and are adjusted by financial institutions accordingly.
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Forbes
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Mortgage Rates Today: March 3, 2025 – Rates Move Down
- The current average mortgage rate on a 30-year fixed mortgage is 6.55%
- Average rate on a 15-year mortgage is 5.64%
- Borrowers will pay less in interest this week as the average rate on a 30-year mortgage is 6.55%
- The APR, which includes the interest and all of the lender fees, on a 30-year, fixed-rate mortgage is 6.58%
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