Special Edition - Big Ideas for 2023 | Talent Crunch | CES 2023 | Top News
?? Future Of Work
Special Edition - Big Ideas for 2023
Exploring Predicted Workplace Shifts for 2023
“People are #humans with needs and different drivers of #productivity ,” says Giurge.
“You need to understand that diversity and cater to it. It's not a one-size-fits-all model anymore.”
— Gianna Prudente
Navigating the New Normal
#CareerAdvancement is a priority for talent. Going forward, employers who provide employees with opportunities to advance internally will have an edge with retaining talent.
This is how your workplace will be in 2023
As employers eye quality talent, employees will enjoy an upper hand in demanding high pay, better benefits, #RemoteWork options, and other perks.
Attrition, layoffs, moonlighting amid strong growth - What 2023 holds for IT firms?
“The last year has again litmus tested many aspects of workplace resilience. As we head into 2023, #Productivity and #TalentRetention must be front of mind for business leaders. Employees have made their #preferences for workplace #flexibility , #wellbeing , and #culture clear, along with the ability to collaborate effectively, freeing them up to spend time on work that matters. Organisations must respond or risk getting left behind,” Rahul Sharma, Country Manager, India, Slack commented.
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Bouncing Back From A Toxic Work Relationship
How To Tell If You’re Engaged In A Toxic Environment?
" If your manager, executives and HR don’t take action or demonstrate a lack of caring, it's time to move on. "
The longer you stay, the more your self-esteem and morale will be wounded. You’ll become bitter, angry and resentful.
What To Expect When Your Start Your Job Search
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During the interview process, you had a singular goal: to get an offer. Now that you have one, you must determine whether the job and organization are a good fit for you.
Finally, reflect on whether the organization is a place where you will thrive. You’re never going have perfect data, and beware analysis paralysis. Trust your judgment.
Public speaking. Attending a networking event. Confronting a coworker. These are uncomfortable tasks, but sometimes need to be performed for us to grow professionally. So how do you move out of your #ComfortZone ? It’s simple: be honest about your excuses; recognize your strengths and take advantage of them; and finally, jump in. If you make a few mistakes along the way, don’t worry. It’s just another part of the learning process.
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Talent Crunch
What does this mean? Well for one, finding and #hiring new people will become increasingly difficult. It also means you, as an employer, must improve how you handle the candidate’s experience throughout the hiring process.
"With newer perspectives and ideas, #GenZ and #Millennials are setting the future course of #EmployeeEngagement , #retention , and #acquisition strategies. It will be interesting to see how these newer generations shape India's future as the #TalentHub of the world," said Sangeeta Gupta, Senior Vice President, and Chief Strategy Officer, #Nasscom .
This impacts every business. There is a growing need for skilled technical talent, but only some nations and businesses have the means to achieve it.
This delays the value delivered to end-users. Further, having a complex app with bad architecture and code patterns requires more expert developers to tackle those problems and make the app more efficient—and we all know how difficult it is to hire developers today due to the #TalentShortage .
In the coming years, the ecosystem for contract-based workers will get stronger with Better Pay, more Secure contracts and union Recognition, says Mr Aditya Narayan Mishra, the CEO of CIEL HR Services.
Opportunities
Market analysts believe that successful people may find work in any economy. Because it allows businesses to cut back on office space and other expenses, the recession may actually benefit the remote work trend.
Companies can save money on labour by hiring employees in countries with more liberal remote work rules. To gain more freedom and save money$ on transportation, employees who are allowed to work from home are ready to accept a wage drop.
$ => I'd say to Save the Precious Time, which can be utilized in Factual Work that Matters!
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When comparing Infosys and TCS, the latter's rigid remote work policy stands out. There will be no exceptions granted for #RemoteWorkers at #TCS .
#Infosys CEO Salil Parekh of Infosys is pleased with the company's relaxed stance on re-instituting standard work hours. For the time being, showing up to work is completely optional.
TCS and Infosys are difficult to rival in the global #ITindustry . They have access to a relatively #inexpensive #ITworkforce in #India .
The point is, being at certain locations has benefits that are hard to compensate for using other methods.
We must be consciously aware of that.
Trend 3: As it was
Return to office hasn’t been a success for many—it still needs work.
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Levels.fyi helps you build your developer career. They have analyzed data from over 150,000 salary submissions and found that the median total compensation in the US dropped in 2022 compared to 2021. 28% of submitted job offers on the site, representing around 29,000 data points, were for remote roles in 2022, with the top cities for remote work being Toronto, Bengaluru, Vancouver, London, and Montreal.
Useful Resources
? Get Paid, Not Played
?? Poll Of The Week
Polls
IMHO, it'd have been great to know about the Participants' competencies, seniority, community etc. and their Rationale..
Most probably, the rationale behind NOT wanting own kids to follow own profession, would be the unfair #Discrimination / #PayDisparity / Tyranny etc. #Unethical Practices - which those participants would have been through..?
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?? Technology
CES 2023: AI, smart health and the metaverse set to dominate this year’s tech show in Vegas
The Verge’s best of CES 2023
Accenture | CES 2023: Lead at the speed of life
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#JavaScript continues to thrive, with developers eager to use it everywhere - in the browser, on the server, and at the edge. Its popularity is driven by its built-in growth hack of being in the browser, its massive #ecosystem of tools and libraries, and the growing adoption of #TypeScript . Improved alignment between #NodeJS and the web platform, and better cross-browser support for JavaScript, CSS, and Web APIs, have made it easier for developers to write isomorphic JavaScript, which can be reused on both the client and the server. Overall, the future looks bright for JavaScript!
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#ChatGPT need to involve #Hindu voices to prevent harm & #misinformation that’s all too prevalent on the internet.
?? Top News
TCS loses 2,197 employees and attrition remains above 21% in third quarter
#TCS said its total #workforce strength reduced by 2,197 #employees in the October to December 2022 period while attrition slowed down marginally (from 21.5) to 21.3 percent even as the firm’s #management had earlier indicated that #attrition had bottomed out.
TCS’ loss of employees during the third quarter of the fiscal compares with 9,840 net additions in the July to September quarter in which it had already hit a nine-quarter low.
The company’s total headcount now stands at 6,13,974.
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High #AttritionRate , the gradual reduction of #workforce by employees leaving and not being replaced — rather than by redundancy — have remained a #concern for the past few quarters especially for #tech firm’s. In the second quarter of the 2022-2023 financial year, the #AttritionRate of top five tech IT giants in India — #Infosys , #Wipro , #TCS , #TechMahindra and #HCLTech — averaged at about 23 percent.
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领英推荐
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TCS, Infosys, Wipro: How HR issues plague IT sector
What was once known to attract top talent from across the country is now embroiled in a protracted #controversy over issues such as stunted salary hikes, cutbacks on variable pay and inordinate delays in on-boarding?new employees. The sector is also witnessing a steep downfall in #EmployeeLoyalty as high attrition, moonlighting, and quiet quitting become maladies for the industry in the post-Covid-19 era.
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But attrition is a matter of serious concern because it comes with a price tag for the company.
“The cost of attrition comprises three+ things: when an employee leaves the company,
explains Udernani.
“There is an argument to be made for looking after your people well. Looking after your people includes all your people, not just the top ones++,”
says former Nasscom president Karnik.
For Pai, the real answer lies in soul-searching.
“This is an industry that [used to] put people first, which took care of everybody. Over the last 10 years, the idea of looking out for the people at the bottom of the pyramid has gone.
The human spirit is what made these companies great. This industry was built with great human culture; if they diverge from that, they would turn into *mercenary* organisations,”
he says.
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IMHO,
+ Also Building the #Rapport with the Customers, Earning the #Trust and getting up to speed with equal / better #Productivity than the Conscientious Employee who had to leave!
Just matter of Time, isn't it!
++ Also Not just the "Personal" Favorites / Relatives...?
* mercenary = interested only in making money
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As per the report, the salaries of freshers have increased a little over 45% while the salaries of CEOs have zoomed around 1500%.
this is an unfortunate depreciation and understanding of roles that no doubt employees play in an organisation's growth.
Pay Transparency and Ethics
?? Markets
Economist has 100% record in predicting recessions. What he says for this year
Despite the yield curve being inverted for the ninth time since 1968, economist Campbell Harvey said it’s probably not a harbinger for a recession.
One of the reasons is the fact the yield curve-growth relation has become so well known and widely covered in popular media that now it impacts behavior, he said. The awareness induces companies and consumers to take risk-mitigating actions, such as increasing savings and avoiding major investment projects — which bode well for the economy.
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?? Leadership
PERSPECTIVES: New Year's resolutions for HR | The power of neurodiversity | Exclusive interview with Kalki Koechlin
As we move forward into 2023, the debate is still on about the benefits of #WFH vs #WFO , the need to strengthen employee-employer relationship, the changing role of HR and what will be the technological advancements that will impact the future. While all that might push you into a thinking loop, we urge you to remember these nuggets of wisdom from leaders, who can help you focus on what’s essential without the noise.
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"Empower Your Employees with the Right Tools and Great Work Environments, Foster a Solid Employer-Employee Relationship, and Most Importantly, Trust Your Employees."
- Peck Kem Low, CHRO and Advisor (Workforce Development) for the Public Service Division (PSD), Prime Minister’s Office of Singapore
"The Job of the HR is Not to keep People happy in an organisation, But to make them Love their Job and make them More Productive."
- Pramath Nath, Head HR, Adani Green Energy Ltd
"Listening is Not just about Asking People and Forgetting about it, it's Also about Closing the Loop."
- Sunil Setlur, Chief People Officer, Gojek
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“You may be deceived if you trust too much, but you’ll live in torment if you don’t trust enough.”
- Frank Crane
Flashback 2022: Revisiting organisational culture transformation
"If you have the right culture that strives to bring the right employee experience, customer experience, and the community experience in a total solution, you build an engaged workforce."
- Norlida Azmi, Group Chief People Officer at Axiata Group Berhad
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During the interview, he also agreed that building Infosys required sacrifice, and the most important thing he had to sacrifice was time with his two children – Rohan and Akshata.
#Salaries , faster #promotions , #flexibility , #wellbeing — organisations are scratching their head with all the possibilities for making their best talent stay. However, the “war for talent” is increasingly becoming a bishop’s riddle. What will solve this puzzle is often the most underrated but most potent tool– #Culture .
Forget #GreatResignation ; think “#GreatReflection .” We’re in a liminal moment for people and work — and our assumptions as #employers must change.
Feedback — both positive and negative — is essential to helping managers enhance their best qualities and address their worst so they can excel at leading.
You know who is making Excuses to justify #gaslighting .. And then guess who gets the **Best** #Rewards , #Hike , #Promotion etc.?
"Personal" Favorites / Relatives...!?! ??
Since, it is assumed that EVERYone works dedicatedly..,
( At least, 12% Maybe? <= New Report: Only 12^ Percent of Employees Are Fully Productive at Work )
..So, the Out of the Box Expectations imply **Unfairly** getting own work done by Subordinates OR the *Personal* Relation / Appeasement !?! ??
Who even remotely cares about Factual Work Performance / Role / Commitment, Merit, UX, Quality, Customer Satisfaction, Brand Values, Loyalty, Comparative Analysis... and most importantly - #EthicsAndCompliance !?! ??
( Especially when it's just about ALL the Employees' Wellbeing - Unpublished / Off the record matters, wherein Cornered / Helpless / Powerless Employees just had to bear with the #tyranny OR are provoked to #resign ! ?? )
If anyone cares even a bit, Why Not be Transparent and at least Internally publicize the Rationale behind such Growth related decisions, and detailed insights !?! ??
But Nope! Mostly, it's a Strictly Confidential, Top Secret!! ??
Sheer Abuse of Power.., So, Nevertheless, for #Favoritism , Anything can be unjustly Falsified / Throttled / Blocked.., too! and hence, mostly the #Powerful "Majority" Wins, irrespective of #Merit , at least for the time being!
Who even Genuinely cares about #EqualOpportunity , #RespectForPeople , #Transparency , #Integrity etc. !?!
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I have seen the so called Powerful CEOs, CFOs and the other Cs who ruled the corporate world with an iron fist, humiliating people left , right and center meet a miserable exit.
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?? I wish Right to Information would be applicable in here, as well!
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People are empowered by data and expect #transparency .
?? 15 Effective Ways to Boost Employee Morale (Updated for 2023) [ Worth a Read ]
As I understand, mainly:
( Remember, Good Feedback Is a Two-Way Conversation )
=> Create a positive company #culture
#Courage : It's Not about the Position...
and.. still much more, coming soon...
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Stay Positive!????Take Care..????Good Luck!???
Peace!
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?? Fantastic job by the respective content creators. ??
Thoughts? // => Comment / DM :)