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BITS Goa dropout, 22, claims he earned ₹35 lakh a month; here's Ashneer Grover's reaction
- Ishan Sharma, a 22-year-old BITS dropout from Bengaluru, recently claimed on a podcast with Ashneer Grover, Asish Mohapatra, Sarthak Ahuja, and Sanjeev Bikhchandani that he earned ₹35 lakh last month, which he considers a "small amount" as it limits his ability to do business.
- Grover humorously responded, "Tu yahan baithna chahiye, humko puchna chahiye (You should sit at our places, and we should be questioning you)," revealing he earned nothing at 22.
- Mohapatra, Ahuja, and Bikhchandani disclosed they earned ₹35,000, ₹5,000, and ₹1,500 respectively at that age. This podcast clip has since gone viral.
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‘Hire fast, fire fast’: Ashneer Grover on why he doesn’t believe in lengthy hiring, notice periods
- Ashneer Grover, founder of BharatPe and Third Unicorn, advocates for a swift approach to hiring and firing in companies. He criticizes lengthy hiring processes and notice periods, suggesting a "hire fast, fire fast" strategy.
- Grover emphasizes that extended hiring timelines and probation periods can cost companies up to a year before realizing a mismatch. He believes in quicker decisions based on practical work assessments rather than prolonged evaluations.
- This approach, according to Grover, allows businesses to swiftly identify effective employees and optimize their workforce efficiently. His insights were shared during the podcast 'Limitless with Ishan Sharma'.
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AI company Tredence to scale up India operations
- Tredence, a global AI solutions firm based in San Jose, plans a significant expansion of its India operations, aiming to increase its workforce by 60% from 2,500 to 4,000 employees by mid-2025.
- The expansion focuses on deepening presence in BFSI and healthcare sectors, alongside entry into the Middle East market. Roles to be filled include data science, data engineering, MLOps, generative AI, and marketing analytics.
- Tredence emphasizes innovation through R&D and talent development, investing 10% of revenues in advanced AI capabilities. The company aims for 40-50% revenue growth in 2024, leveraging AI solutions for enhanced productivity across sectors.
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'For every job we advertise, we get 100s of resumes. But... most drop out': Sameeksha Capital's Bhavin Shah
- Bhavin Shah, founder and CIO of Sameeksha Capital, highlighted challenges in India's job market, sharing that despite receiving hundreds of applications for each position, few candidates follow through with the recruitment process.
- Shah explained, "For every job we advertise, we get 100s of resumes. But if we ask people to fill a Google form, very few do so and most drop out." Further steps, such as tests and interviews, see similar drop-off rates.
- His observations resonated with many recruiters, shedding light on the difficulties faced in hiring suitable candidates despite high unemployment rates in India.
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India needs 1 million high-tech engineers as economy expands
- India's $250 billion tech sector, which contributes 7.5% to the GDP and employs 5.4 million people, faces a critical shortage of high-tech engineers.
- Over the next 2-3 years, the sector needs over 1 million engineers skilled in AI, big data, and cybersecurity, according to Nasscom.
- Despite doubling AI training, companies like TCS and Larsen & Toubro struggle with a significant skills gap, leaving 100,000 positions unfilled.
- Nasscom’s Sangeeta Gupta highlights inadequate practical skills from education as the root issue. The demand-supply gap for digital talent is projected to grow from 25% to 29% by 2028, posing a challenge to India's economic growth.
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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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