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Indian startup founder’s lesson in entrepreneurship gets shout-out from Anand Mahindra
- BharatAgri co-founder Siddharth Dialani was lauded by industrialist Anand Mahindra for his entrepreneurial acumen.
- Dialani shared how hands-free torches became a best-seller on their platform after identifying farmers' need for light during nighttime power cuts. By developing a “mining torch” that can be worn on the forehead, BharatAgri addressed this demand effectively.
- Mahindra praised Dialani’s ability to listen to customer feedback and innovate, highlighting this as a prime example of how entrepreneurial opportunities emerge. He also emphasized the enduring value of staying attuned to customer needs in entrepreneurship.
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How TCS made 70% WFH employees return to office using variable pay
- Tata Consultancy Services (TCS) has successfully brought 70% of its work-from-home employees back to the office by linking quarterly variable pay to attendance.
- In April 2024, TCS introduced a policy requiring a minimum of 60% in-office attendance to qualify for any bonus. Employees with 85% attendance receive full variable pay, those with 75-85% get 75%, and those with 60-75% receive 50%.
- Chief HR Officer Milind Lakkad emphasized that the move is temporary and meant to encourage office attendance, noting a weekly increase in employees returning to the office. TCS reported a 9% increase in net profit for Q1 2024-25.
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Company locks employee in 'dark room for 4 days' to make him quit. Here's what happened
- In China, Guangzhou Duoyi Network Co. Ltd. locked an employee, Liu, in a dark room for four days to force his resignation over a labor dispute.
- Liu's access to the company's systems was revoked, and he was confined to a pitch-black room with only a table and chair, no computers, and no coworkers.
- Liu was allowed to leave after "work" hours. Following his wife's police report, Liu was terminated and awarded 380,000 yuan ($52,200) as compensation. The company contested the ruling, claiming Liu violated company policies by viewing explicit content necessary for his job as a game art editor.
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How To Be Seen As An Emerging Leader By Your Boss
- Learn how to stand out as a leader by tackling challenging projects, taking initiative, actively participating in meetings with valuable insights, acknowledging peers' contributions, and championing change.
- By embodying these qualities—proactivity, strategic thinking, empathy, and innovation—you can build a strong reputation as an emerging leader.
- Demonstrating leadership potential involves not just fulfilling tasks but inspiring others with integrity and collaboration.
- Enhance your career trajectory by consistently showcasing these attributes, positioning yourself as a valuable asset to your organization's future leadership.
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Ex-Google Executive Shares 3 Life Lessons After 12 Years With Tech Giant
- Frederik Pferdt, Google's former chief innovation evangelist, shares three life lessons from his 12 years at the tech giant.
- He emphasizes embracing a 'Yes, and' mentality to foster creativity, visualizing future goals for clarity and direction, and practicing mindfulness to stay open-minded and positive.
- Pferdt's insights, detailed in his book "What’s Next Is Now: How to Live Future Ready," aim not only at tech workers but at anyone seeking a more meaningful life. His tenure at Google, where he founded the Innovation Lab and Google Garage, significantly influenced his approach to work and daily routines.
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JPMorgan Chase CEO Jamie Dimon on work-life balance: ‘it's your job, it's not our job’
- JPMorgan Chase CEO Jamie Dimon emphasizes personal responsibility for work-life balance, stating individuals must prioritize their well-being over expecting companies to manage it.
- He stresses efficient time management and smart work practices, citing personal routines like varied reading speeds and scheduled tasks. Dimon acknowledges company support with resources but insists employees must maintain their own health and relationships.
- The viral clip from an Economic Club of New York event underscores his views on individual accountability amidst debates over corporate roles in employee welfare.
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6 Must-Have Skills for Technology Managers
- Business Acumen: Tech managers must grasp financial impacts and customer needs to deliver impactful solutions.
- Decision Making: Ability to make strategic trade-offs balancing development time and quality.
- Coaching: Skills in motivating teams and placing talent effectively.
- Collaboration: Fostering teamwork across diverse disciplines is crucial.
- Relationship Management: Essential for gaining support and communicating effectively with stakeholders.
- Data Literacy: Proficiency in interpreting data for strategic insights and innovation.
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The No. 1 question to ‘always’ ask in a job interview, from a career expert
- In job interviews, asking "What does success look like in the first 90 days of this role?" can set you apart. It shows proactive interest in understanding expectations and challenges, crucial for assessing fit.
- This query prompts clarity on tasks, work culture, and performance metrics, aiding your preparation and decision-making. Vague or evasive responses may indicate high stress or unclear role definitions.
- Andrew McCaskill, a LinkedIn expert, highlights its value in mirroring employer priorities and preparing for subsequent interviews. For job seekers aiming to excel in 2024, understanding these insights can significantly enhance interview strategy and job suitability assessments.
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This International bank plans to recruit more employees in India; check details
- Barclays plans to significantly expand its wealth management operations in India and Singapore, aiming to triple its staff and quadruple private banking assets by 2028.
- The move targets ultra-rich clients and family offices, reflecting Barclays' strategic shift towards Asia amid global growth trends. Nitin Singh, head of Barclays' regional wealth business, highlighted Asia's pivotal role in the bank's growth strategy, with current assets primarily UK-based.
- This expansion underscores Barclays' commitment to capturing a larger share of Asia's wealth management market, positioning itself to cater to increasing demand for sophisticated financial services in the region.
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Paytm’s Vijay Shekhar Sharma cheers Deepinder Goyal as camaraderie adds fizz to Zomato’s 16th anniversary ad
- Zomato celebrated its 16th anniversary with a special ad, shared by Paytm CEO Vijay Shekhar Sharma, showing camaraderie.
- While Deepinder Goyal, CEO of Zomato, the “Company Pramukh,” expressed gratitude to everyone who has been part of Zomato's journey, Sharma posted on X: "On the 16th birthday of Zomato, heartiest congratulations to the chief Mr. Deepinder ji and all the members of his executive! 👏🏼👏🏼 May God grant us such praiseworthy advertisements always 🤗"
- Zomato offered an exclusive Zomato Gold membership at ₹30 for six months to celebrate. The ad featured key executives and highlighted Zomato's growth, outperforming US-based DoorDash.
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What is Naked Resignation?
- Naked resignation," also known as quitting without a job lined up, entails leaving current employment without securing a new position first.
- While it may provide immediate relief from a stressful job, it poses significant risks. Financial instability, prolonged unemployment, and potential difficulty in re-entering the job market are primary concerns. Moreover, gaps in employment history can raise red flags for future employers.
- It's advisable to plan financially, network strategically, and consider alternative options like seeking new roles while employed to mitigate these risks effectively. Making an informed decision ensures a smoother transition into the next career phase.
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India Inc beware! A wave of resignations may be headed your way once job market opens up
- Corporate India may face a surge in resignations as job seekers, dissatisfied with recent appraisals, actively seek new opportunities.
- A survey by Naukri.com found 86% of respondents looking for new jobs post-appraisals; 39% reported worse appraisals than last year. While salary remains a prime motivator (23%), learning opportunities (21%) and career advancement (20%) are increasingly important.
- Job security (30%) tops employee priorities amid layoffs and performance scrutiny. Employers, especially in tech, face an advantage now but should prepare for increased employee turnover when the market rebounds. Flexibility, leadership quality, and well-being also influence job decisions.
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Bengaluru techie reveals 'hidden perk' of McKinsey job. It's not ‘business class tickets or 5 star hotels’
- A senior technology consultant at McKinsey & Company, Sagar Sengupta, highlighted that the true perk of his job is not the business class tickets, five-star hotels, or unlimited food.
- Instead, it is the unparalleled access to top-tier articles, decks, and influential business figures. In a social media post, Sengupta urged young professionals to stop showcasing office perks and focus on sharing valuable knowledge and strategies.
- His post, aiming to shift the spotlight from material perks to intellectual benefits, received widespread praise and thousands of views on the platform X.
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AI skills shaping job market; Indeed reveals most in-demand AI jobs list
- A recent Indeed report highlights the top AI skills for India's 2024 job market, with 42% of generative AI job postings mentioning "Machine learning."
- The demand for Python skills follows at 40%, and core AI skills at 36%. Other essential skills include communication (23%), natural language processing (20%), and TensorFlow (19%).
- India's AI market is projected to reach $17 billion by 2027, growing at a 25-35% CAGR. Over 85% of Indian employers expect AI to create new jobs within 1-5 years. Emphasizing skill development, companies are urged to help workers stay current with evolving AI competencies.
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Chinese employees are "selling" their bosses and colleagues online; here's why
- In China, a new viral trend has emerged where employees list their bosses, colleagues, and jobs for sale on second-hand e-commerce platforms like Xianyu, Alibaba's site.
- This amusing yet concerning trend sees listings for "annoying bosses," "terrible jobs," and "hated colleagues" priced between ₹4 to ₹9 lakh. One user jokingly offered her job for ₹91,000, stating it pays ₹33,000 a month.
- Another listed a sarcastic colleague for 3,999 yuan (₹45,925). These listings, done in jest, are a way for employees to vent their frustrations without actual transactions taking place.
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