JOB SWITCHING
Financial tips on shifting from regular job to private practice
Switching from a regular job to private practice is a major financial decision. Rodriguez must assess her risk tolerance and ensure that her financial position is strong enough to make this move.
The Great CFO Shuffle: Top execs are playing financial musical chairs in India's IT sector
In the past year, the IT sector has seen notable CFO transitions, including Jatin Dalal's move from Wipro to Cognizant. Legal disputes over non-compete clauses were highlighted. Wipro, LTIMindtree, HCLTech, and Mphasis have all promoted or hired new CFOs, reflecting the competitive demand for financial leadership in the growing industry.
Australia's 'right to disconnect' law set to come into force
The law, which passed in February, protects employees who refuse to monitor, read or respond to contact from their employers outside work hours.
1.92 million formal jobs created under EPFO in June: Payroll Data
The provisional payroll data, released by the ministry of labour and employment on Saturday, shows this is a surge of 7.86% in net new subscriber addition when compared to 1.78 million net new subscriber addition in June 2023.
Healthtech promising growth avenues to mid-career professionals
The healthtech sector saw growth driven by digitalisation, offering new opportunities for mid-career professionals in areas like health informatics and data science. Essential skills covered technical and non-technical domains, with upskilling playing a crucial role. Freelance roles also saw a rise, especially in telehealth and medical writing.
Myth Debunking 101: You can’t switch jobs between private and government sectors
Switching between government and private sectors can be challenging due to differences in skills, culture, and growth paths, but it's achievable with careful planning. Sarbojit Mallick, Co-Founder of Instahyre, advises individuals to assess their transferable skills like project management, leadership, and communication to facilitate the transition.
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A career in social media looks promising: Here are the in-demand roles and skills
The last decade has seen social media become essential in various fields. High-demand roles include social media managers, UX designers, and brand strategists. Key skills and courses in digital marketing and AI are crucial. Job prospects look promising with competitive entry-level salaries. Freelancing has grown, offering flexibility but challenges in payment and consistency.
Machine learning opens a window for mid-career job opportunities
Machine learning has become an attractive career choice due to its applications in customer insights and operational efficiency. Opportunities abound for both freshers and mid-career professionals, thanks to accessible learning platforms. Key skills include proficiency in Python, statistical knowledge, and familiarity with machine learning frameworks. Freelance ML roles are also in high demand.
Cisco to lay off thousands more in second job cut this year, sources say
The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February, and will likely be announced as early as Wednesday with the company's fourth-quarter results, said the sources, who were not authorized to speak publicly.
Will AI kill meaningless jobs?
The stakes of that question have heightened as artificial intelligence hurtles forward, bringing with it the specter of job displacement. A recent estimate by Goldman Sachs found that generative AI could eventually automate activities that amount to the equivalent of some 300 million full-time jobs globally -- many of these in office roles like administrators and middle managers.
Unemployment rise spurs fears of slowdown, yet recession signals have been wrong - so far
The U.S. saw an unexpected rise in unemployment last month, causing market drops and renewed recession worries. Established recession indicators like the Sahm Rule and inverted yield curve were questioned due to post-pandemic conditions. Federal Reserve Chair Powell emphasized the uniqueness of the current economic situation, highlighting complications in forecasting.
Job seeker's reaction after being told to switch on camera goes viral
Mumbai-based entrepreneur Senain Sawant detailed an alarming interview experience where a candidate abruptly ended a Google Meet call due to technical issues and then resorted to offensive language on WhatsApp. The LinkedIn community supported Sawant, emphasizing the importance of professionalism. The incident highlights the unpredictable nature of modern hiring practices.
Myth Debunking 101: Stability is better than risk for mid-career professionals
During mid-career stages, professionals tend to avoid risks due to financial and family obligations. However, experts emphasize the importance of calculated risks for career growth. Strategies like upskilling, networking, and having a contingency fund can help manage risks. One professional successfully transitioned to a new business unit, broadening his skills and career opportunities.
Should you change jobs when you are unsure?
In Indian society, where job stability has always been highly valued, you feel overwhelmed each time you think of a career or job change, and are not sure where to start. Here’s what you can do.
Modi 3.0 Budget's job reform to have immediate impact? Experts say no
Budget proposals aimed at employment and skilling are expected to yield significant results in the medium to long term. Economists suggest immediate large-scale impact is unlikely, with notable benefits in manufacturing and capability building. Policies are designed to create a skilled workforce, boosting sectors like textiles and chemicals quicker than others. Formal job creation remains a critical focus area.
Fintech revolution offers multiple opportunities for mid-career professionals
The fintech industry offers lucrative mid-career roles in data science, product management, and regulatory technology. Professionals can expect competitive pay packages based on experience and expertise. Upskilling in areas like data analytics, cybersecurity, and blockchain technology is key to thriving in this dynamic industry.
Want to make a mid-career switch to manufacturing? In-demand roles, skills, and more
Fuelled by advanced technologies and automation, Indian manufacturing grows. Mid-career roles demand data analysis, Python, AI, leadership, supply chain, project management, and data science skills. Salaries vary; recommended upskilling includes UAV pilot training, maintenance, and repair. Emotional intelligence is vital. Freelance opportunities rise, notably in the UAV sector, emphasizing technology.
Myth Debunking 101: You should never switch jobs during economic downturns
Switching jobs during economic downturns is risky. Murali Santhanam notes job security concerns; healthcare and tech remain stable. Ankit Agarwal cites competition, salary constraints, and urgent roles. Enhancing skills, leveraging networks, maintaining financial stability, and strategic branding help. Emphasizing adaptability, exploring non-traditional paths, and following practical strategies improve job prospects and career fulfillment.
Org weakness, switching candidates, stoppage of MNREGA funds hurt BJP
Weaknesses in the organisational structure, candidate changes in previously-won seats, and the halt of central scheme funds contributed to the BJP's defeat in West Bengal, with the Trinamool Congress blaming central deprivation. The lack of a Modi wave and public trust in CM Mamata Banerjee's social welfare initiatives also impacted the BJP's performance, while North Bengal provided some respite amidst a poor showing in South Bengal.
Is it a good idea for laid off H-1B workers to switch to a US tourist visa, and back again?
When laid-off H-1B workers consider transitioning to B-1/B-2 visitor status for job searching, they gain valuable time and a streamlined process back to H-1B, endorsed by USCIS. This strategic move offers a safety net and opportunity for a successful career transition in the U.S.
Bitcoin jumps above $64,000 on Fed rate cut hopes; Toncoin, Polkadot climb up to 7%
Major cryptocurrencies surged following softer-than-expected U.S. jobs data, fueling speculation of potential Federal Reserve rate cuts. Bitcoin rose 1.5% to $64,340, Ethereum gained 3% to $3,184, and various altcoins, including BNB, Solana, XRP, Dogecoin, Toncoin, Shiba Inu, and Polkadot, also saw increases.
Switching to green careers: A quick guide to skills and strategies for a smooth transition
Rising demand for sustainability roles prompts a shift towards green careers. Industry experts emphasize understanding required skills and pay structures. Key roles include wind turbine technicians, ESG analysts, and energy specialists. Acquiring skills like carbon accounting and climate action planning is crucial for success.
Engineer shares key tips on how to get salary hike amid appraisal season in India
Akshay Saini, an engineer from Dehradun, has gained attention for his frank views on achieving higher salaries during the busy appraisal season in Indian companies. He emphasizes that job switching is often the best way to increase income significantly, citing dissatisfaction with internal appraisals and promotions. Saini's straightforward advice to those feeling underpaid is to switch jobs without hesitation.
H-1B visa holders are switching jobs more than ever; here is the entire process explained
H-1B workers are increasingly switching jobs, with over 1 million job switches recorded from fiscal year 2005 to 2023. Tighter labor market conditions, H-1B cap constraints, and government policies facilitating job transitions contribute to this trend. However, challenges persist for H-1B workers, including unequal treatment in the labor market and green card processing constraints. New employers must navigate a fee structure that varies based on their size and the status of their workforce.
Expect 15-25% pay hike while shifting jobs at senior level, shows Michael Page report
The Michael Page's Salary Guide 2024 for India indicates significant demand for various roles across sectors, with senior-level job shifts offering substantial salary increases of 15-25%. Manufacturing, data, generative AI, and sustainability skills are particularly sought after.
Myth debunking 101: 'Early career change leads to instability'
Transitioning careers in your late 20s to early 30s is a common dilemma, often clouded by misconceptions about its impact on professional growth. Rohan Sylvester, a Talent Strategy Advisor at Indeed, highlights that changing careers at this stage can lead to growth and success if planned properly.
Fewer workers exit India cos on global economic woes; attrition rate improves in 2023
Lack of growth opportunities, inadequate compensation, job recognition programmes, workplace culture and poor work-life balance were the top five reasons for attrition, according to human resource consulting firm Omam Consultant’s salary projection survey 2024, shared exclusively with ET.
Signing bonus: The pros and cons, and how you can negotiate
Companies use signing bonuses as a powerful tool to attract top talent by swiftly onboarding them without compromising on internal compensation. Bonuses are offered for specialised or high-demand roles, providing an immediate financial incentive to join. Pros include immediate financial boost, competitive edge, and retention tool, while cons include tax implications and potential misalignment.
Quitting your job? Here’s how to negotiate your notice period
To negotiate your notice period for resignation, review your employment agreement, convey a rational reason, ensure a proper handover, understand the employer's perspective, help them find a replacement, and seek a mutually beneficial outcome. If the employer refuses to negotiate, discuss with your recruiting company for a potential buyout option.
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