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'Quiet firing': How to identify the layoff tactic of companies in India
- Indian companies, especially in the IT sector, are resorting to 'quiet firing,' subtly pushing employees to resign to avoid severance packages.
- This tactic, aimed at cutting costs, creates a toxic work environment through overwork and stalled promotions. In 2023, around 20,000 tech professionals in India lost jobs through such silent layoffs.
- Signs include altered job responsibilities, unfair evaluations, and lack of career discussions. This trend mirrors global patterns, with companies worldwide resorting to similar cost-cutting measures amid economic uncertainties, highlighting the challenges faced by employees in navigating today's job market.
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Bill Gates wishes he learned this lesson from Warren Buffett sooner
- Bill Gates regrets not adopting Warren Buffett's light calendar earlier, realizing productivity doesn't require a packed schedule.
- Previously, he viewed sleep as laziness, pushing himself and his staff to extremes. Buffett's approach, with empty days for reflection, inspired Gates to prioritize balance.
- Now valuing sleep and hobbies, Gates shares his journey to a healthier work-life balance. Reflecting on Buffett's wisdom, Gates advocates for intentional time management. In a world focused on productivity, Gates' shift highlights the importance of downtime.
- This revelation underscores the value of a balanced life, echoing Buffett's timeless lesson: time is priceless.
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What is 'busy bragging' at work and why your colleagues might not like it
- A study in Personnel Psychology reveals that employees who frequently engage in "busy bragging"—boasting about being overwhelmed with work—are perceived negatively by colleagues.
- This behavior, also known as "performative anxiety," aims to showcase dedication but often backfires. Jessica Rodell, the study's lead author, notes that such stress-bragging makes individuals appear less likable and competent.
- Evaluations of hypothetical colleagues showed that those who complained about stress were viewed unfavorably compared to their positive peers. Therefore, constantly highlighting busyness can diminish workplace likability and perceived competence.
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Self-made millionaire Ramit Sethi says ‘invest 10% of your salary every year’. Here's why
- Self-made millionaire Ramit Sethi advises young professionals to invest 10% of their salary each year and increase this by 1% annually to become multimillionaires.
- He recommends starting with low-cost index funds, which diversify investments across a wide range of companies, and have lower costs than actively managed funds. Sethi emphasizes the importance of beginning early to benefit from compound interest.
- For those who find 10% too steep, he suggests starting with what they can afford and gradually increasing the amount. Starting investments early, particularly from one's first job after college, sets a foundation for long-term financial growth.
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5 Must-Have Skills To Remain Employable In 2024
- Strategic Thinking: This involves creative and critical analysis to solve complex problems, a skill AI cannot replicate.
- Intentional Communication: Clearly articulating ideas with purpose helps in effective collaboration and achieving common goals.
- Data Skills: Transforming raw data into actionable insights is essential across all industries for making informed decisions.
- Leadership: Motivating and guiding teams, especially in leaner setups, is crucial for achieving success under tight deadlines.
- Sense of Humor: Enhances workplace culture and team dynamics, making you a more valued and likable colleague.
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Five Must-Ask Questions To End Your Job Interview On A High Note
- Understanding Company Culture: "Can you describe the company culture?" This helps you determine if it aligns with your values.
- Inquiring About Team Dynamics: "Can you tell me about the team I’d be working with?" Shows your interest in teamwork and integration.
- Measuring Success in the Role: "How do you measure success in this role?" Demonstrates your goal-oriented mindset.
- Exploring Opportunities for Growth: "What are the opportunities for professional development?" Signals your long-term interest and ambition.
- Identify difficulties you might face. Try: "What are some big challenges in this role?".
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Steps to Take if You Don’t Get the Pay Raise You Want
- Evaluate Your Performance: Assess if you've met or exceeded your goals. Understand if the denial was due to company finances or personal performance.
- Build Your Case: Prepare evidence of your achievements, salary benchmarks, and comparable job offers to discuss with your manager.
- Negotiate Benefits: If a pay raise isn't possible, negotiate for additional benefits like more vacation days, flexible hours, or professional development opportunities.
- Seek Feedback: Constructively discuss with your manager to understand the reasons for the denial and areas for improvement.
- Plan Ahead: Focus on future goals and career development to strengthen your case for the next review.
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Are you using ChatGPT to write your resume? Here’s what the experts say about AI-generated job applications
- AI tools like ChatGPT and Gemini are popular among Gen Z for crafting job applications, but they come with drawbacks. Employers, receiving identical cover letters, suspect AI use.
- Canva reports 45% of jobseekers globally use AI for resumes. However, according to a Resume Genius survey 53% of managers dislike AI-generated resumes, seeing them as a red flag.
- Shoshana Davis, a career consultant, advises using AI as a supplement, not a replacement, in job searches. It's useful for interview prep and research, but relying solely on AI risks missing personal touches crucial for impressing recruiters. Balance technology's aid with human authenticity for job application success.
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Ex-Google Recruiter Says "Boring" Resumes Can Get You Hired
- Stefanie Fackrell, a former recruiter for tech giants like Google and Apple, advises job seekers to keep their resumes "boring" and classic.
- She discourages the use of colors, charts, or graphics, emphasizing clarity and readability. Fackrell urges candidates to focus on achievements rather than daily tasks, keeping resumes concise within two pages.
- Avoiding mere job duties, she highlights the importance of showcasing significant contributions.
- Fackrell also suggests including complete employment dates on resumes. Her ultimate advice: simplicity and clarity in resumes are key to standing out in a competitive job market.
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Top LinkedIn Profile Hacks That Help Recruiters Find You
- Utilize The Skills Functionality: Maximize your profile's visibility by optimizing the skills section with specific and relevant keywords.
- Engage With Places Where You Want To Work: Increase your chances of being noticed by recruiters by interacting with the company pages of your desired employers.
- Utilize The Open To Work Feature: Privately signal your openness to new opportunities using LinkedIn's "Open to Work" feature.
- Upload Your Resume To LinkedIn: Enhance your discoverability by uploading your resume and enabling sharing with recruiters.
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Software engineers with AI skills are earning 50 per cent more than non-AI engineers
- In 2024, AI software engineers in the U.S. earn significantly more than their non-AI counterparts, with median salaries reaching $300,000, according to Levels.fyi.
- The wage gap has widened to 50% from 30% in 2022, reflecting the high demand for AI expertise. Companies like Cruise pay AI engineers a median salary of $680,500, showcasing the premium placed on these skills.
- To attract top talent, firms offer lucrative packages, equity, and bonuses, sometimes up to $1 million. Major tech companies such as Google, Microsoft, Amazon, and Meta are fiercely competing for AI talent through acquisitions, poaching, and educational investments.
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Higher skill fuels hunt for better jobs as 85% plan career change after upskilling: Survey
- Survey data indicates a growing trend toward upskilling for career advancement, with 85% of respondents expressing a desire to switch jobs after acquiring new skills.
- Notably, 65% are pursuing online certification courses, a significant increase from previous years. The preference for part-time or online learning has risen to 65%, while self-study remains popular at 25%.
- Full-time college enrollment has decreased by 2%. The consensus among 97% of respondents is that upskilling enhances career prospects, with 45% citing it as vital for seizing opportunities in their current or desired fields.
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3 LinkedIn Myths That Can Derail Your Job Search
- The ‘Open To Work’ Banner Hampers Your Job Search: Contrary to belief, this feature aids job searches. Offering two options, it increases recruiter outreach by 40% and prompts 20% more messages. Activating either or both enhances visibility and connections.
- It’s Not Worth Applying to Job Listings With Hundreds Of Applicants: Despite high applicant counts, the actual pool can be significantly smaller due to drop-offs in the application process and unqualified candidates. If you meet job requirements, apply—it's less competitive than perceived.
- There’s Only One Version Of LinkedIn: LinkedIn extends beyond the public interface with tools like LinkedIn Recruiter, granting recruiters extensive search capabilities.
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3 tips for writing an effective resume summary, says ex-Nvidia recruiter: ‘Leave out the years of experience’
- Showcase Your Value: Highlight what you bring to the table by summarizing your achievements and passions in three to five sentences. For instance, “Seasoned program manager who has built 10 products and is passionate about learning and development.”
- Avoid Mentioning Years of Experience: To prevent bias or ageism, omit the number of years you’ve worked. Your resume and LinkedIn profile will naturally reflect your career length without explicitly stating it.
- Tailor to Your Industry: Not all fields require a summary. Tech, marketing, and sales often do, but high finance and law typically don’t. Research your industry’s norms to ensure your resume fits in.
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3 High-Income Skills In 2024 That AI Can’t Replace
- Problem-Solving Skills: With AI unable to fully replicate human creativity, honing problem-solving abilities becomes paramount. LinkedIn's Most In-Demand Skills of 2024 underscores this, highlighting its enduring value across industries.
- Personal Branding Skills: Become your own PR agent. By shaping others' perceptions through intentional self-presentation, you unlock doors to opportunities otherwise closed, regardless of experience levels.
- Communication Skills: Elevating communication prowess transcends AI's capabilities, fostering transparent collaboration, leadership efficacy, and negotiation acumen essential for career advancement and resilience in the face of technological disruption.
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