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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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Infosys co-founder Nandan Nilekani says AI is not taking IT jobs — so what is?
- Nandan Nilekani, Infosys chairman, dismissed concerns about AI-driven job losses, attributing IT industry headcount reduction to cyclical declines in discretionary spending rather than AI.
- He emphasized that while new technologies may initially cause job losses, they also create new opportunities. Nilekani highlighted the transformative potential of AI, similar to Aadhaar and UPI, and stressed its role in enhancing services like education and healthcare.
- He advocated for the safe and appropriate use of AI to positively impact society. Nilekani also mentioned Infosys's efforts on 225 Gen AI programs and the importance of applying large language models effectively.
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Robot Suicide in South Korea: What's the Reason Behind It?
- In a tragic incident in Gumi, South Korea, a civil servant robot reportedly "committed suicide" by falling down a two-meter staircase at the city hall.
- The robot, used for various tasks, including document deliveries and city promotions, was found shattered at the bottom of the stairs. Witnesses observed the robot circling before the fall, sparking speculation about its workload and stress.
- Manufactured by Bear Robotics, the robot worked independently across floors but won't be replaced. This incident has raised concerns about the pressures faced by robotic assistants in South Korea's tech-forward society.
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Dior's $2800 bag costs just $57 to make! New investigation reveals luxury brand's shocking secrets
- An Italian investigation revealed that Dior produces its luxury bags for $57 each but sells them for $2,780, exploiting workers in inhumane conditions
- The probe found workers, many undocumented Chinese immigrants, enduring harsh conditions, with safety measures disabled to maximize production. Similar practices were uncovered at Armani.
- Italian authorities have taken unprecedented action, placing Dior and Armani's production under judicial administration for labor law violations. This exposes the stark disparity between production costs and retail prices in the luxury fashion industry, prompting scrutiny and legal action to protect exploited workers.
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Gaurav Munjal's Unacademy: A Rs 28,000 crore success story born from YouTube
- Gaurav Munjal, co-founder of Unacademy, began with a YouTube channel while studying computer engineering.
- In 2015, he launched Unacademy with friends, aiming to provide online education for competitive exams. Despite recent rumors of layoffs and mergers, Munjal affirmed Unacademy's growth and profitability, dismissing speculations.
- The platform offers courses for UPSC, NEET, JEE, and more, gaining popularity in India's ed-tech sector. With a reported valuation of Rs 28,000 crore, Unacademy continues expanding under Munjal's leadership, reflecting his entrepreneurial success and impact on digital education.
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5 Leadership Habits To Avoid If You Want To Succeed In Your Career
- Time Management: Focus on strategic tasks over routine ones to avoid burnout and drive innovation using methods like the Pomodoro Technique.
- Prioritization: Use the 80/20 rule and tools like the Eisenhower Matrix to prioritize tasks effectively.
- Delegation: Delegate tasks with clear objectives to empower teams and increase productivity.
- Innovation: Foster a culture of innovation through experimentation and adopting modern methodologies.
- Micromanagement: Avoid micromanaging to promote autonomy and creativity among employees.
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Why Are Employers Firing Remote Workers In 2024?
- Employers are increasingly firing remote workers in 2024, driven by a push for the "Great Office Return."
- A Resume Builder survey found that 90% of employers plan to return to office-based work, with many tracking attendance and firing those who resist. Companies believe in-office work boosts revenue, productivity, and culture.
- However, forced returns widen the talent gap and discriminate against those unable to commute, like caregivers and disabled workers.
- Successful remote-first companies like HubSpot and Airbnb offer flexible policies, showing that remote work can be effective without compromising business goals.
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Steve Ballmer is richer than Bill Gates, a first for Microsoft billionaires
- Steve Ballmer has surpassed Bill Gates in net worth, becoming the richest former Microsoft employee and the sixth-richest person globally.
- This milestone was reached as Microsoft's stock hit a record high, largely due to its AI partnership with OpenAI. Ballmer's net worth is $157.2 billion, with over 90% in Microsoft shares, while Gates has a diversified $156.7 billion fortune, including investments in Republic Services Inc.
- Gates, who has donated billions through the Gates Foundation and the Giving Pledge, has significantly reduced his fortune. Ballmer, who has not joined the Giving Pledge, focuses on his own philanthropic efforts.
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Techies with machine learning, Python skills in demand for Gen AI jobs in IT companies
- Machine learning and Python skills are in high demand for Generative Artificial Intelligence (Gen AI) roles in India's IT sector.
- Despite a general hiring slowdown in IT, companies like IBM, Coforge, L&T Technology Services, and Happiest Minds are actively seeking professionals with expertise in these areas.
- About 42% of Gen AI job listings require machine learning skills, and 40% require Python proficiency, according to Indeed. Other sought-after skills include natural language processing, TensorFlow, and data science. These specialized roles remain a recruitment focus amid the broader industry downturn.
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The resume mistake that will land it in the ‘no pile,’ according to a hiring expert of 30-plus years
- Stacie Haller, a seasoned career advisor, advises against including a photo, objective statement, or street address on your resume.
- These details can lead to bias and are seen as outdated by recruiters. Instead, focus on a clean, one-column format with clear sections and bullet points highlighting relevant skills and experience. Recent graduates should prioritize education, while experienced professionals should lead with work experience.
- Tailor your resume minimally for each job, emphasizing key qualifications. Avoid AOL email addresses; opt for Gmail for a more modern impression. Keep your resume to one to two pages, unless you're a senior executive.
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5 CV Formatting Tactics For Standing Out
- Highlight Strategic Leadership and Impact: Showcase your strategic planning, decision-making, and team leadership, using powerful action verbs and quantifying achievements.
- Showcase Your Unique Value Proposition (UVP): Emphasize what sets you apart, weaving your UVP throughout your CV with compelling examples.
- Demonstrate Results with Data: Use metrics to provide concrete evidence of your accomplishments.
- Emphasise Professional Development and Affiliations: Highlight continuous learning and memberships in professional bodies.
- Optimise for Readability and ATS Compatibility: Use a clean, professional layout, incorporate relevant keywords, and avoid complex graphics.
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