Is ‘996’ the new normal? The CXOs in reskilling mode, and more tops news
The news and views professionals are talking about now, curated by LinkedIn’s editors. Join the conversation on today's stories in the comments. Happy Diwali!
More than one in three working professionals aren't spending quality time with family due to work pressure, a Godrej Interio survey of 1,300 people across 13 cities shows. That’s because China's '996' work system — where people are logged in from 9 am to 9 pm, six days a week — is slowly catching up in India, especially among high-growth companies. More than half of the respondents struggled with work-life balance and a similar percentage felt they were unable to pursue their hobbies due to the 'always on' work culture. Join the conversation.
CXOs seem to be outpacing their younger peers in learning AI, machine learning, blockchain, and data analytics. For edtech platform Great Learning, 30% of students in emerging technologies are people with more than 12 years of experience, Economic Times reports. At Genpact, company leaders show “double the uptake rate as the rest of the population” for learning digital skills, said Gianni Giacomelli, its chief innovation leader. That’s because CXOs have a greater understanding of AI’s role in their company’s long-term business strategy and are keen to prepare their workforce for the future. Join the conversation.
Reliance Industries is restructuring its telecom-centric businesses to make Jio debt-free and attractive to potential investors. A new digital services unit will house Reliance Jio Infocomm and the various news, movie and music apps. It will also receive ?1.08 trillion of investments from RIL to create a digital connectivity ecosystem, modeled on the likes of Alphabet and Tencent. RJIL will transfer liabilities of a corresponding amount to RIL, paving the way for the telecom business to be virtually debt-free and ready for public listing. Join the conversation.
More than three in five desi businesses fear that employee errors may expose them to cyberthreats, a report by British security firm Sophos shows. The central issue is lack of awareness: Untrained staffers use weak passwords and are more likely to click on suspicious links. Also, workers often use personal and work devices interchangeably, allowing cybercriminals a gateway to break in. The absence of a well-thought out risk management strategy can compound matters — just 19% of desi organisations regularly make significant changes to their cyber security approach, the Sophos study shows. Join the conversation.
Looking to turn a new leaf? Skip the resolutions or anything that relies on willpower, writes The New Yorker’s Jerome Groopman. Change your environment instead, according to research from social psychologist Wendy Wood. Even for those of us who have impressive self-control, the best way to avoid unwanted habits is to simply make it really annoying to fulfill them. Introducing such friction can help us form new, more desirable habits. Join the conversation.
Idea of the day: As we make our way through our professional lives, errors are inevitable. But Dick’s Sporting Goods CEO Ed Stack reminds us that missteps can ultimately serve as powerful gifts.
“A regret is something that you wish you could take back. A mistake is something that you did that you learned from, that at the end of the day it helped make you who you are today. I’ve made a lot of mistakes. I don’t have a lot of regrets.”
What's your take on today’s stories? Share your thoughts in the comments.
— Adith Charlie, Dipti Jain, Nirajita Banerjee and Shajil Kumar
Official Partner of Pipedrive, Q-Ctrl, Text, Rosetta Stone, and Teamflect | Director of Strategic Partnerships at Uttkrist
5 年informative
Client Partner | Digital Transformation, Data & AI, Customer Experience
5 年Prabha A. 9 to 9 for 6 days oh boy
Author and Changemaker
5 年Attempt Great Things With A Great Heart!Inner Voice Is The Inner Power!
CEO Zams Services( HR/ Financial / Hospitality / Real estates .
5 年CXOs seem to be outpacing their younger peers in learning AI, machine learning, blockchain, and data analytics.? I personally feel the? assumption that younger? employees? can adapt to changing technologies vis? a vis old? ?is erroneous..My own experience? ?tells me that in any organisation irrespective? of? age? and experience there? are broadly 4? categories of employees; they can be? a)high potential? and high performance,b)? high potential? and low performance c)? low potential? and high potential and? low? potential and low? performance . Therefore? while resort being made to upgrade the employable? skills in the? domains of AI, machine learning, blockchain, and data analytics ,first preference? should go to? employees? rated? as high potential and? high performance? ,high potential and low performance and? low potential and? high performance? in that? orders in stead of? age or experience? criteria.
Mind it - Humans are a resource if skilled!
5 年In fact the system of 996 working is an extension of feudal way of working where working force is regarded nothing more than cattle . The model is same to keep labour power cheap. In our country it has never been otherwise. If you see the working nature in kilns or real state you find it is different world all together. However the matter of concern is that now gradually other jobs are coming under this system. A system where spending more time means more work. Even those who are working in this system become so expert that they know very well how to keep boss happy by lingering more time of staying at office. But the issue of China is different. After socialist revolution it became a monolithic state and to compete with the other economic system they had only option left that is to produce cheap goods. Other world did not contest this concept till they found it was not challenging. But the problem began when China making inroads into their economy. Surprisingly every socialist state has been proved a source of cheap labour! . Globalization helped Chinese economy to spread fast. So 996 is not pariah in China! Now onus is upon the world to find out some solution.