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Learn the 5 reasons how upskilling can help engineers stand out and be successful
- Rapid Technological Change: Engineers need constant upskilling to keep up with evolving technology.
- Integration of AI and Emerging Tech: Expertise in AI, ML, and data science unlocks career opportunities and societal impact.
- Sustainable Engineering Initiatives: Engineers lead green initiatives, requiring tech proficiency and interdisciplinary skills.
- Adaptability in Job Market Flux: Automation shifts demand, urging engineers to continuously update skills for competitiveness.
- Gaining a Competitive Edge: Upskilling sets engineers apart, fostering mastery of niche areas and staying current with trends.
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'This billionaire tech startup' saw the biggest fall in valuation globally in 2024
- In 2024, Byju's, a troubled edtech giant, suffered the largest global valuation drop among startups, plummeting from over $22 billion to below $1 billion due to operational restructuring and rising losses.
- Hurun Research Institute's Global Unicorn Index revealed a record 1,453 Unicorns worldwide, with the US leading at 703 and China at 340. India saw a slight dip in Unicorn numbers, down to 67.
- Fintech, AI, blockchain, and new energy sectors showed rapid growth, while Indian founders notably spearheaded offshore Unicorn ventures, primarily in the US. Despite setbacks, such shifts remain integral to economies, noted Hurun Report chairman Rupert Hoogewerf.
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Millionaire entrepreneur reveals no 1 skill for the AI era; It's not coding
- In an era dominated by artificial intelligence and technological advancements, Scott Galloway, a millionaire entrepreneur, unveils the paramount skill for success: storytelling.
- Emphasizing effective communication over coding prowess, Galloway underscores the enduring value of articulating ideas with clarity and impact. In an interview with CNBC Make It, he urges young individuals to cultivate the ability to convey narratives, supported by data and visuals.
- Galloway cautions against overreliance on AI tools, advocating for expertise and specialization instead.
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What to do about ‘shift shock’? The No. 1 reason why Gen Z and Millennial workers are quitting their new jobs
- Shift shock, the leading cause of attrition among Gen Z and Millennial employees, stems from a misalignment between expectations and reality in the workplace.
- Kathryn Minshew, founder of The Muse, highlights factors contributing to this phenomenon, including opaque job descriptions, disrespectful managerial behavior, and toxic work environments. According to research by The Muse, a staggering 75% of Millennial and Gen Z workers are willing to quit within the first six months due to shift shock.
- To mitigate this issue and enhance retention, HR professionals should prioritize transparency in recruitment, hold managers accountable for their conduct, foster diversity and inclusion, and establish clear remote work policies.
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Indian IT giants ride US jobs boom, hire more and more techies
- Indian IT giants leverage the US tech hiring surge, bolstering their workforce with 6,000 new hires last month. TCS, Infosys, HCL, Wipro, and LTI Mindtree collectively employ over 135,000 in the US, contributing 2% to the tech industry.
- March saw 191,000 new tech job postings, predominantly in software development and cloud infrastructure, with cities like New York, Washington, and Dallas showing high demand.
- HDFC Securities predicts a 3.1% increase in the US tech workforce for 2024. Despite 2023 layoffs, hiring is poised to rebound, driven by demand and revenue growth, with growth expected to resume in FY25.
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‘Never end the job interview before asking this No. 1 question,’ says career expert of 15 years
- In every job interview, there's one crucial question that many candidates overlook: "Why is this job open?" This simple query can reveal invaluable insights about the role and the company's expectations.
- Firstly, it might unveil if it's a new position, offering a chance to set standards from the start. Secondly, it could indicate if you're replacing a stellar performer, motivating you to match or exceed their achievements. Finally, it could highlight if there were challenges with the previous employee, prompting you to assess if you're the right fit.
- By posing this question, candidates demonstrate preparedness, professionalism, and genuine interest, leaving a lasting impression on potential employers.
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‘Chronoworking’: Another career trend to achieve work-life balance in 2024
- Chronoworking, a rising trend, tailors work schedules to individual circadian rhythms, departing from traditional nine-to-five norms.
- By aligning tasks with peak performance times, it enhances productivity and job satisfaction. Challenges arise in team settings, demanding communication and adaptability. While employers strive for people-centric practices, implementing chronoworking requires careful planning and gradual adjustments.
- Open dialogue and flexible frameworks foster successful integration, reinforcing trust and satisfaction. Effective implementation involves incremental changes and performance monitoring.
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Bill Gates ‘didn’t take vacations’ and even worked on weekends; then this changed
- Bill Gates, once relentless in work, changed his approach over time. Initially, he shunned vacations and weekends, micromanaging employees' hours at Microsoft.
- Reflecting on parenthood and maturity, he now advocates for work-life balance, advising against excessive intensity. Gates emphasizes self-compassion, urging individuals not to perceive relaxation as laziness.
- He shares wisdom on problem-solving, advocating for learning from others and effective time management, inspired by Warren Buffett's minimalist calendar. Finally, Gates stresses the virtue of patience in leadership, highlighting its role in making thoughtful decisions.
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Here's what to do when you don't get the raise you expected
- Evaluate Performance: Assess your contributions objectively to understand any gaps between expectations and outcomes.
- Communicate Constructively: Schedule a meeting with your manager to discuss your appraisal openly and seek constructive feedback.
- Explore Alternatives: Consider non-monetary perks, such as flexible hours or professional development opportunities, as potential compensations.
- Plan Strategically: Develop a plan to enhance your skills and performance, positioning yourself for a more favorable appraisal in the future.
- Market Check: Assess your worth in the job market to explore alternative opportunities if necessary.
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Microsoft techie’s tip for job seekers amid IIT-Bombay placement struggles: ‘Don’t run blindly for FAANG’
- Amidst low placement rates at IIT-Bombay, a Microsoft techie advises job seekers to prioritize skill development and adaptability.
- Nishant Chahar stresses the need for the vast majority of engineering graduates, particularly from tier-3 colleges, to focus on learning skills rather than fixating on prestigious job opportunities like FAANG. He emphasizes that in today's challenging economy, flexibility and continuous learning are paramount.
- Chahar's LinkedIn post has garnered over 4,500 reactions, with many echoing the importance of practical skills over college reputation. Job seekers are urged to remain resilient and proactive in their pursuit of employment.
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"No One Will Hire Me": WFH employee fired after firm tracks laptop activity
- Suzie Cheikho, a WFH employee, was fired from Insurance Australia Group after 18 years following a performance improvement plan
- Her computer activity, including keyboard strokes, was monitored for 49 days. She failed to meet deadlines, missed meetings, and didn't complete tasks, leading to termination. Cheikho cited personal issues affecting her mental health and performance.
- Alleging discrimination, she claims the company targeted her. Now dependent on welfare, Cheikho gained attention on TikTok but fears never being hired again due to her viral story. "It's embarrassing... nobody is going to hire me," she expressed.
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What is ‘1-way interview’? Woman refuses to attend, shares Reddit post explaining why
- The emergence of "one-way interviews," where applicants are asked to record themselves answering interview questions, has sparked debate and concern among job seekers.
- A Reddit user recently shared her refusal to participate, citing concerns about the dehumanizing nature of the process. Her post resonated with many, highlighting widespread unease with this trend. Critics view it as a manipulation tactic or a sign of lazy interviewing practices.
- Despite pushback, some companies insist on this method due to the high volume of applications. The controversy underscores the evolving dynamics of job recruitment and the importance of maintaining human connection in the hiring process.
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The 3 biggest red flags hiring managers look for in resumes, according to new research
- AI-generated Resumes: Hiring managers are wary of AI-generated resumes, with over half expressing reservations. Crafting a personal resume shows dedication and authenticity, enhancing your chances.
- Frequent Job-Hopping: Resumes with frequent job changes make 50% of hiring managers hesitant. Briefly address transitions in online applications, saving detailed explanations for interviews.
- Poor Formatting: Poorly formatted resumes raise red flags. Opt for clean layouts and basic fonts, and proofread meticulously to showcase professionalism.
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Recruiter rejects candidate for 'offer shopping,' sparks heated debate
- A recruiter's rejection of a candidate for 'offer shopping' has ignited a fiery debate online. Siddharth Sharma, a tech recruiter, declined a candidate who sought a better offer while already having one in hand.
- Sharma criticized the practice as desperate and unethical. While some supported Sharma, others found his stance unreasonable, arguing that candidates are merely mirroring the behavior of organizations.
- They emphasized candidates' need to secure themselves in an uncertain job market. The debate underscores differing perspectives on hiring ethics and the balance of power between employers and job seekers.
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The Majority Of Billionaires Made Their Money This Way
- Billionaires captivate us with their stratospheric wealth, but behind the allure lies a blueprint for success. While diverse paths exist, the majority built their fortunes through business acumen.
- Visionaries like Bezos, Musk, and Gates identified market needs, creating solutions that transformed industries. Their journey, however, wasn't overnight; it brimmed with setbacks and persistence. Billionaire characteristics—passion, calculated risk-taking, leadership, and philanthropy—underpin their success.
- Ultimately, it's the unwavering dedication to long-term goals that distinguishes billionaires, challenging the myth of luck or mere chance. Building a billion-dollar empire demands diligence, resilience, and a commitment to lasting impact.
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