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Forbes
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Today’s Top Money Market Account Rates For May 22, 2025 – Rates Hit 4.89%
- The current average money market rate is 0.53%, with the highest rate reaching 4.89%.
- A money market account is an interest-bearing deposit account that can be opened at a bank or credit union, insured up to $250,000 per depositor by the FDIC or NCUA.
- Money market accounts may offer higher interest rates than regular savings accounts, requiring higher minimum deposits and balances, with limits on transactions per statement period.
- When considering a money market account, compare rates, minimum balance requirements, fees, and withdrawal limits across different institutions to find a competitive option..
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HRKatha
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Hiring gains momentum in March with 7.54 lakh new EPF subscribers
- India's formal employment sector showed signs of recovery in March 2025 with 7.54 lakh new EPF subscribers, marking a 2% increase from February.
- Youth employment saw a notable rise, with individuals aged 18 to 25 accounting for 59% of the total new additions in March.
- However, the representation of women among new subscribers slightly declined to 27.6% in March from 28.1% in the previous month.
- The net payroll addition in March stood at 1.46 million, with around 1.32 million individuals exiting and rejoining the EPF system.
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HRKatha
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IBM rehires after AI-driven layoffs backfire; sparks debate on automation limits
- In 2023, IBM laid off nearly 8,000 employees, primarily from its HR division, using its AI-powered AskHR platform to automate HR functions.
- Despite the automation efforts, operational gaps arose as six percent of tasks requiring human judgment and empathy could not be handled effectively by the AI.
- As a result of these gaps affecting productivity and service quality, IBM quietly began rehiring in 2024 and redirected automation savings to areas where human skills are essential.
- The experience highlights the importance of balancing technology with human insight, as automation can enhance productivity but may not fully replace the human element in complex or nuanced scenarios.
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HRKatha
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Olive Sen takes on the role of chief business officer- horizontal business unit, OLX India
- Olive Sen has been appointed as the chief business officer – horizontal business unit (non-autos) at OLX India.
- Sen, with over a decade of experience in consumer internet and digital marketplace sectors, is known for his agility and clarity of thought.
- Having worked in various roles at OLX Group since 2014, Sen is back at OLX to lead growth and innovation across different categories like real estate, jobs, mobiles, and electronics.
- Sen's return to OLX aims to strengthen the company's commitment to serve over a billion Indian users, and his expertise is expected to drive the Horizontal Business Unit (Non-Autos) business forward.
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HRKatha
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Practo gets new global chief strategy & marketing officer in Shoumyan Biswas
- Practo has appointed Shoumyan Biswas as its new global chief strategy & marketing officer.
- Biswas has over 20 years of experience and has previously worked with Tata Digital and Flipkart in senior marketing roles.
- His expertise will be valuable in advancing Practo's mission of improving health outcomes and expanding globally.
- He is expected to lead global business expansion, enhance customer engagement, and drive profitable growth in India for Practo.
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HRKatha
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How language sensitivities are shaping workplace culture in India
- Incidents of language sensitivities in the workplace in India have sparked conversations about the importance of language diversity and balancing regional pride with national unity.
- Organizations are advised to hire employees proficient in at least two languages, emphasizing the importance of connecting with customers through their native tongue.
- In customer-facing roles, language proficiency is crucial for building trust, while linguistic diversity is welcomed in back-end roles.
- Workplace diversity should encompass language, region, and religion to ensure that all identities are respected.
- English dominance in corporate India can stifle innovation and collaboration, highlighting the need for inclusive training and onboarding programs.
- Local language proficiency is deemed non-negotiable in customer-facing roles, as it serves as an emotional bridge between employees and customers.
- Balancing regional identity with inclusive hiring is a challenge, but models like a 50-50 staffing approach in customer-facing environments have been successful.
- Emotional intelligence and adaptability are essential in resolving conflicts arising from linguistic differences, emphasizing the importance of cultural sensitivity.
- Nurturing linguistic respect is seen as a shared responsibility that should be reinforced by leadership through inclusive behavior modeling and regular sensitization programs.
- Localizing language policies in customer-facing brands is recommended, but it should be done with care to ensure inclusivity and cultural sensitivity.
- HR and senior leadership are called upon to bridge the gap between policy and practice, ensuring that employees are equipped with both linguistic skills and soft skills to succeed in diverse environments.
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HRKatha
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Westpac gears up for major rehaul & 1500 job cuts
- Westpac, the Australian multinational bank, is set to cut at least 1,500 jobs as part of a major rehaul to simplify processes and cut costs.
- Managers have been instructed to reduce five percent of the workforce, with the cuts potentially affecting up to 1,700 employees across the bank.
- This downsizing effort, reported as the largest in a decade for Westpac, is led by CEO Anthony Miller as part of the 'Unite' campaign to improve efficiency and profits.
- To mitigate the impact of job cuts, the company plans to retrain or redeploy affected employees, with a focus on aligning workforce size with investment priorities and maintaining customer-facing roles.
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Forbes
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Best Medicare Advantage Plans In Washington For 2025
- Over 1.3 million people ages 65 and older reside in Washington, making up about 17% of the state's population.
- Maintaining health insurance coverage post-retirement is crucial for physical and financial well-being in a state with an average life expectancy of 78 years.
- Choosing the right Medicare Advantage plan in Washington can be challenging, and Forbes Advisor offers a market snapshot to aid in the selection process.
- Forbes Advisor provides insights into the number of plan options, coverage extent, monthly costs, and offers a downloadable checklist for easier enrollment.
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Kaspersky
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What is cyber-resilience, and how to start implementing it
- Cyber-resilience is crucial for businesses to minimize the impact of cyber incidents on their primary goals and objectives.
- It involves anticipating, withstanding, recovering from, and adapting to adverse cyber conditions, according to the WEF and NIST.
- However, implementing a cyber-resilience strategy poses challenges; only 2% of companies can recover from a cyberattack within 24 hours.
- Key components include leadership, governance, risk, compliance, people, culture, business processes, technical systems, crisis management, and ecosystem engagement.
- Commonly implemented measures include backup tools, MFA, and formal response plans, but challenges lie in metrics, changing company culture, and supply chain security.
- Implementing cyber-resilience requires board-level support, collaboration between CIO and CISO, and allocation of up to 20% of cybersecurity budget to resilience projects.
- The core cyber-resilience team should be cross-functional, have the necessary authority, and bring in external experts when needed.
- Cyber-resilience is an ongoing iterative process that spans the entire organization and requires a combination of technical and organizational efforts.
- Experts stress that cyber-resilience is not a project with an endpoint but a continual process that involves multiple phases.
- Implementation involves detailed asset inventory, risk prioritization, role definition, incident playbook development, and extensive staff training.
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Insider
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When Pinterest needs new AI tools, employees can have a part in creating them
- Pinterest's Makeathon encourages employees to come up with ideas for new AI tools to address concerns about AI impacts on jobs, creativity, and ethics.
- The company's annual Makeathon is focused on ground-up innovation, enabling employees to showcase working proof of concepts for new innovations at a faster rate.
- Makeathon is Pinterest's version of a hackathon designed to spark new ideas, increase employee engagement, and foster collaboration among teams.
- Employees at Pinterest participate in hackathons to quickly develop new AI tools, with a mini-hackathon leading to the creation of an internal chatbot tool.
- Teams at Pinterest collaborate across departments during Makeathon to pitch ideas, with support from 'hack doctors' specialized in areas like engineering and design.
- Makeathon projects at Pinterest are presented through video pitches, allowing colleagues up to executives to watch and vote on ideas for funding.
- In one Makeathon instance, a sales employee's idea led to the development of an AI document finder tool that accesses internal documents and answers questions.
- Makeathon also encourages employees to generate useful AI prompts, promoting employee engagement with AI tools and leading to improved processes.
- Around 96% of Pinterest's engineering team uses generative AI every month, with 78% reporting time savings from using internal AI tools.
- Pinterest's approach of involving employees in the development of AI tools has generated positive feedback, focusing on creating value rather than imposing tool adoption.
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Medium
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Building Bridges, Not Walls: Strategies for Effective Collaboration Between Product, Design, and…
- A clear, shared product vision is vital to align Product, Design, and Development teams towards common goals and maximize productivity.
- Involving Design and Development teams early in strategy and goal definition enhances buy-in, co-ownership, and enriches discussions.
- Effective communication through structured rituals, clear articulation of product decisions, and asynchronous tools boosts collaboration.
- Cultivating empathy among disciplines, such as designers understanding technical constraints, fosters better collaboration and product outcomes.
- Collaborative methodologies like Design Sprints from product discovery to solution creation promote stronger team commitment and innovative results.
- Integrating tools and defining clear processes reduce friction, streamline workflow, and ensure access to up-to-date information.
- Creating a psychologically safe environment for feedback, acknowledging team achievements, and conducting blameless post-mortems enhance team performance and resilience.
- Nurturing effective collaboration between Product, Design, and Development is an ongoing, evolving process requiring commitment from all team members.
- A Product Manager's role in facilitating, communicating, and guarding the product vision is crucial for successful collaboration and product development.
- Investing in building strong bridges of understanding and trust among teams leads to superior products and fosters happier, more engaged team dynamics.
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Medium
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Beyond the Numbers: Why Data Doesn’t Tell the Whole Story
- Data is raw information, findings are what the data shows, and insights provide the meaningful 'so what' that drives action.
- Theoretical saturation is the point where research stops revealing new insights, emphasizing the importance of extracting meaningful implications from data.
- Moving from data collection to finding patterns and drawing insights is crucial in transforming information into actionable strategies.
- To improve insight generation, ask better questions, look for tensions and contradictions in data, and connect insights to business outcomes for compelling actions.
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Forbes
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How to Choose Student Travel Insurance
- Student travel insurance is essential to provide a financial safety net for unexpected emergencies during trips, such as medical bills, trip interruptions, and cancellations.
- There are two main types of student travel insurance: standard travel insurance for short-term trips with emergency medical coverage, and global health plans for longer trips with comprehensive medical coverage.
- Top-rated policies for students include GeoBlue for a three-month trip duration, IMG Patriot plans that start at five days, and WorldTrips StudentSecure policies for a minimum of 30 days.
- While travel insurance does not cover tuition costs for students studying abroad, accommodation expenses can be reimbursed if billed separately. Emergency assistance hotlines are available 24/7 for both standard and global health plans.
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Forbes
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Best Business Checking Accounts Of 2025
- It is essential to separate business and personal finances, whether you are a sole proprietor or operate a business with employees.
- Axos Bank Business Interest Checking is rated as the best business checking account, offering a competitive APY, unlimited domestic ATM reimbursements, and requiring just $100 to open.
- Forbes Advisor provides unbiased ratings and information, using data-driven methodologies to evaluate financial products and companies equally.
- In their analysis, 226 checking accounts from 79 financial institutions were studied using 16 data points for comparison.
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Rockpapershotgun
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Monster Train 2 review
- Monster Train 2 is a roguelike deckbuilder game that follows in the footsteps of Slay The Spire.
- It has the potential to captivate players and consume their time, much like other addictive pastimes.
- Despite not being a significant departure from its predecessor, it is a satisfying experience especially for those who enjoy seeing progress and card synergies.
- Whether or not you have an affinity for trains, Monster Train 2 offers an engaging and immersive gameplay experience.
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