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Investor says people with ₹50 lakh ‘liquid’ net worth are ‘lower middle class’
- An investor's recent online post has sparked a heated debate by categorizing people with a ₹50 lakh liquid net worth as "lower middle class.
- " Sourav Dutta, the Europe-based investor, claimed that ₹10 lakh makes one "poor," ₹1 crore is "middle class," ₹2 crore is "upper middle class," and ₹5 crore is "rich." He defined net worth based on assets that can be liquidated within two days, excluding houses and cars.
- Dutta's post, viewed nearly 8 lakh times, drew criticism for being out of touch, with many users disputing his classifications and commenting on the declining value of money.
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Netflix co-founder reveals role of work-life balance in his success
- Netflix co-founder Marc Randolph attributes his successful career to maintaining work-life balance, emphasizing the importance of Tuesday night dates with his wife.
- For over 30 years, Randolph had a strict cut-off at 5 pm every Tuesday, dedicating the evening to his wife, no matter the circumstances. This unwavering commitment involved activities like going to movies, dining out, or window-shopping.
- Randolph believes these rituals kept him sane and provided perspective on his work. He shared that nothing, including meetings or crises, interfered with his Tuesday evenings, underscoring the value of prioritizing personal time.
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How To Land A Dream Job Quickly In 2024
- Update CV strategically: Focus on key sections like profile and skills with recent achievements and relevant keywords.
- Network actively: Use LinkedIn and industry events to seek referrals and unadvertised opportunities.
- Target roles effectively: Apply for positions closely matching skills to expedite hiring.
- Tailor applications: Customize each application to showcase alignment with job requirements.
- Follow up promptly: Send polite follow-up emails post-application or interview to reinforce interest.
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This salary phrase in job descriptions is ‘useless,’ says recruiter; here’s how to make sense of it
- A recruiter criticizes the phrase "competitive salary" in job postings as vague and unhelpful, citing its increasing use despite lacking clarity on actual pay.
- Job seekers are advised to research their market value using tools like Glassdoor and Payscale, and to delay salary discussions until later interviews. The article suggests asking the hiring manager about expected compensation and avoiding disclosing salary history prematurely.
- Negotiation tips include letting the employer propose figures first and offering a flexible salary range only if pressed repeatedly. The goal is to empower candidates with strategies for navigating ambiguous salary expectations effectively.
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Red flags that suggest a job posting doesn’t offer a ‘competitive salary’ as it claims, recruiters say
- Avoiding Salary Discussions: Recruiters or hiring managers refuse to discuss compensation or delay the conversation repeatedly, suggesting uncertainty or an attempt to delay negotiation.
- Focus on Non-Monetary Perks: Excessive emphasis on office perks rather than salary may suggest the compensation package isn't competitive. While perks are valuable, an imbalance raises concerns.
- Persistent Lack of Clarity: If after several interviews there's still no clarity on pay, it could imply the company is indecisive or potentially exploiting late-stage leverage. Clear communication is crucial early on to avoid wasting time.
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Indian founder reveals why he’s moving family back to Bengaluru
- Aakash Dharmadhikari, co-founder of AI platform Realfast, is relocating his family from Singapore to Bengaluru, citing Singapore's perceived perfection as making life too comfortable for his daughter.
- In a social media post, he expressed a desire for her to experience life's uncertainties, which he felt Singapore shielded them from.
- Despite acknowledging the challenges of India's chaotic pace, he humorously admitted to having grown "soft." Dharmadhikari, who began his career in Bengaluru, noted a nostalgic return to friends and perhaps a readiness for the Indian hustle after seven years abroad. His decision has sparked a mix of understanding and caution from commenters.
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What is your greatest weakness? Nail the answer to this question in your next interview
- When asked about your greatest weakness in an interview, acknowledge a genuine flaw that doesn't impair your ability to perform the job's core duties.
- Demonstrate self-awareness by choosing a weakness you're actively working to improve, such as delegation or task follow-through. Explain your action plan to address it, turning challenges into victories.
- Highlight positive attributes associated with the weakness, avoid clichés like "I work too hard," and instead be specific about your challenges and solutions.
- View interviews as opportunities for engaging conversations about your contributions and growth, ensuring you handle questions with confidence and poise.
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Chinese youth are pretending to be birds on social media as they don't want to study, work: Report
- In a protest against China's demanding "996" work culture, young Chinese are embracing a bizarre trend of pretending to be birds on social media.
- Videos on platforms like TikTok show them in oversized t-shirts, perched and flapping, symbolizing freedom from relentless studying and working hours. Many participants, including students and young professionals, express exhaustion with the 72-hour work weeks.
- This trend echoes past expressions of discontent with Chinese work norms, such as the 2022 "bai lan" movement. The phenomenon reflects a broader societal critique, where youth seek escape and freedom from intensive work routines.
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From one-room office to a Rs 6,275.87 crore firm: The incredible journey of ixigo in 2 photos
- Ixigo, a travel booking platform, witnessed a remarkable market debut, with shares of its parent company, Le Travenues Technology, soaring 78% above its issue price to reach a market value of Rs 6,275.87 crore.
- Founded by Aloke Bajpai and Rajnish Kumar in a modest one-room office in 2007, the company has grown exponentially. Their stock opened strong on both BSE and NSE, closing significantly higher.
- The journey from skepticism to success reflects their perseverance in transforming ixigo into a market heavyweight, marking a significant milestone in their entrepreneurial journey.
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Mumbai office introduces ₹200 penalty for latecomers, founder ends up paying ₹1,000
- Kaushal Shah, founder of Mumbai's Evor Beauty, implemented a policy requiring all employees to arrive by 9:30 am, with a ₹200 fine for tardiness.
- Ironically, Shah ended up paying ₹1,000 himself after being late multiple times. He shared this on social media, clarifying that fines were deposited into a separate account used for team activities.
- The post garnered attention, with some applauding Shah's accountability while others humorously questioned the effectiveness of the rule. Shah emphasized the importance of leaders adhering to their own policies to foster workplace discipline and morale.
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Boss of U.K. bank that just turned its first profit says introducing a 4-day week for his 547 workers was way easier than going hybrid
- Atom, a UK digital bank, implemented a successful four-day workweek in 2021, reducing hours to 34 per week without cutting pay for its 547 employees.
- CEO Mark Mullen highlighted its ease compared to hybrid models, citing improved staff retention and health alongside the bank's first-ever profit. Mullen emphasized the flexibility's operational benefits, contrasting them with mandated office days under hybrid schemes.
- Atom's approach underscores rapid adoption of progressive work practices, showing significant positive outcomes in productivity and employee satisfaction, setting a precedent for future workplace strategies in the financial sector.
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What is Microsoft's annual 'Employee poll question' for 2024, and why it's important
- Microsoft's annual 'Employee Signals' poll for 2024 asked whether employees feel they receive a fair deal at Microsoft, balancing their contributions with what they receive.
- This question is crucial as it gauges employee sentiment, influencing company initiatives and compensation packages. With satisfaction dropping to 62% from 69% last year, the poll's results prompted Microsoft to consider restarting performance-based raises to address concerns and retain talent amid competitive pressures.
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Bengaluru Man's Post On Empty Co-Working Space During Office Hours Sparks Debate
- A recent social media post from Bengaluru sparked debate as Sagar Lele criticized an empty co-working space at 6:30 pm, implying professionals should work longer hours.
- The post garnered over three lakh views and mixed reactions. Critics defended leaving early for reasons like traffic and work-from-home efficiency. They emphasized productivity over mere hours, citing global practices like those at Tesla and SpaceX.
- Supporters of work-life balance condemned the shaming, urging a focus on impact, not just hours worked. The incident reflects ongoing discussions on modern work culture and productivity expectations in India.
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Stop asking ‘What is company culture like?’ in job interviews; 3 better alternatives
- What are the common themes among your highest performers? This reveals what it takes to thrive at the company and what's important to your interviewer.
- What would the first 30 days look like for the person in this role? This helps you understand the onboarding process and initial expectations.
- How will success be measured in the first 90 days and the first year? This clarifies the role's goals and whether the team has a clear vision for the position's impact.
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What is quiet promotion: How does it affect your career
- Quiet promotion occurs when employees are given more responsibilities without a change in designation or a pay hike.
- A survey by Job Sage found that 78% of American employees have experienced this. This practice can lead to resentment, decreased job satisfaction, and burnout as employees feel unrecognized despite their increased workload.
- To avoid quiet promotions, clearly communicate your expectations and career goals with your manager, negotiate for fair compensation, and manage your workload to prevent burnout.
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