Galin wants to increase labour productivity

With an increase in PF contribution, an employee’s take-home salary will also take a hit. (Representative Image) The government has released a set of four new labour codes which are all set to cause significant impact on how an employee’s salary and work week looks like. There has been no official announcement yet on when the new codes will be implemented however reports say July 1 is the set date in all probability. 23 states and Union Territories (UTs) have already published the draft rules under the Code on Wages. When the codes come into effect, employees may see an increase in work hours, changes in PF contributions, a four-day work week and a decrease in the take-home salary. 4-day work week Under the new codes, an employer may allow their employees to work for four days instead of five in a week. But there is a catch. An employee can do a 4-day work week but it will see a significant increase in their work hours to 12 hours per day. Work hours The number … [Read more...] about 4-day work week, decreased in-hand salary: Likely changes under new labour codes

State Bank Of India As the world debates the pros and cons of adopting a four-day workweek, hundreds of thousands of bank employees in India are demanding a five-day system. At least nine unions of bank employees will go on a day’s strike on June 27 to press their demand. They want time off every Saturday and Sunday, saying the technology at the disposal of banks would allow a smooth transitioning to a five-day workweek. “We have been talking to all stakeholders for the last seven years. But things have not moved as desired. A five-day work week is a basic demand from us and it’s for the betterment of health, and work-life balance of bank employees,” C.H. Venkatachalam, general secretary of the All Indian Bank Employees Association (AIBEA), told Moneycontrol. “Nearly 900,000 bank employees will shun work and protest on 27 June to drive this message and a few other demand points,” Venkatachalam  said. Bank employees in India are still working six days a week when other … [Read more...] about Forget a four-day workweek, bank employees in India want a five-day week​

If you're selling a digital product, you have two options: sell subscription access or sell ads. Selling a one-time license fee is an option, but most startups avoid this for good reason. For one, they don't provide a good experience for customers--it's a higher entry cost and forces the customer to commit to using a product long-term. As a result, it's most logical to opt for renting as the primary business model, either renting access directly to the customer or renting advertising space to other businesses. There haven't been many alternatives to date. But have no fear, the growing adoption of non-fungible tokens (NFTs) is opening up new and exciting possibilities for the way we build, launch, and sell digital products. One way, in particular, is the business model innovations that come along with token-gating access. In other words, a user can use your product only if they own your specific NFT. Using tokens as a go-to-market strategy has the … [Read more...] about 7 Advantages of Tokenizing Access to Your Product

Share to Twitter Share to Linkedin Tech entrepreneur, cybersecurity innovator & author. Co-founder/CTO at LoginRadius — a leading identity platform securing 1B+ IDs globally. In any organization, a CTO has to wear multiple thinking hats to steer product development, build cybersecurity defenses, navigate uncertainty and drive growth with strategic planning. The role of the CTO becomes even more prominent in engineering product growth to achieve the organization's short- and long-term goals. The following sections describe how a CTO plays an essential role in driving product growth and navigates the uncertainties and risks associated. Visionary Thinking The technological and business landscapes are ever-changing, with innovations in one sector or industry having a broader impact on the overall ecosystem in which an organization operates. For example, AI and machine learning breakthroughs have affected how consumers experience … [Read more...] about The CTO’s Role In Product Growth

Share to Twitter Share to Linkedin Planning to buy an electric vehicle? Your net cost could depend on how successful the lobbyists of General Motors GM , Toyota, Ford and Chrysler parent company Stellantis are and whether West Virginia Senator Joe Manchin is ready to strike a deal with his fellow Democrats. Back in 2008, in an effort to jump start the electric car business, Congress created a nonrefundable tax credit of up to $7,500 for eligible vehicles–a credit which (as modified in 2009) starts to phase out once a carmaker has sold 200,000 electric vehicles. After a manufacturer hits the initial cap, the credit gets slashed by 50% for half a year and then by 75% for another half a year, before disappearing entirely. Tesla TSLA hit the total phase-out at the end of 2019 and General Motors at the end of March 2020. Toyota is expected to reach the 200,000 threshold soon, having sold more than 180,000 eligible vehicles as of the end of 2021 , … [Read more...] about Elon Musk Wants The Electric Vehicle Tax Credit To Disappear; Joe Manchin Might Oblige

When Netflix first launched into streaming back in 2007, the overall goal was to give people an entertainment option that was better than what they were getting on broadcast television. Now, Netflix co-CEO and chief content officer Ted Sarandos says the goal remains the same as the company prepares to launch a new advertising-supported option. advertisement advertisement “We’re a little bit away from talking about details about the launch,” Sarandos told Kara Swisher in an interview on stage at Cannes Lion Festival on Thursday. “But what I will say for sure, is what we do first won’t be representative of our goals. Want I want our product to be is better than TV. So when I think about how ads are currently served on streaming … I think there’s a lot more work to be done there.” The move to integrate advertising comes as the Netflix faces a significant bump in what’s traditionally been a skyrocketing upward trajectory over the past decade. In its most … [Read more...] about When it comes to advertising, Netflix co-CEO says it wants to be “better than TV”

Share to Twitter Share to Linkedin The Honduran government is emphasizing clean energy and the environment when addressing poverty in the country. It is thus moving to protect its ecosystem and rainforest — a proposition that necessitates an $8 million increase in its environmental budget. Indeed, it covets its rainforest, which covers 56% of the country and houses 91 national parks and protected areas. But like a lot of emerging countries, it needs jobs and food. And therein is the paradox that Honduras and other rainforest nations in Asia and Africa face: the forests are the most effective way to suck heat-trapping emissions out of the air . But the same trees could also be harvested for wood, or the land could be farmed. Developed nations are pushing those countries to keep their trees. But they have value, the opportunity cost of what they would otherwise create. The United Nations Framework Convention on Climate Change in Bonn, Germany spotlighted … [Read more...] about Rainforests Nations Want To Be Rewarded For Saving Their Trees — Now

Share to Twitter Share to Linkedin Today’s young workers have grown up in a world of perfect information. They have been able to find answers to most of life’s questions at the push of a button. Then they get to work. Suddenly, many of them say they find themselves in a world of “need to know,” places where older workers and bosses seem to horde information, where everyone assumes new hires should know how to do their tasks without proper training. At work, if people can’t find the information they need, they often don’t get started. A senior leader I spoke with recently told me she believes this younger generation can give more productivity than any generation in history—but only if they have the right information to get started. As such, she encourages her new people to seek out knowledge. “I give each of my new hires a list of five people they need to meet in the company and the core knowledge those people have. They are supposed to set up … [Read more...] about Want To Motivate Gen Z? Try Transparency

Share to Twitter Share to Linkedin Too much of a good thing? In Microsoft's case, yes. The software giant makes…well…software. Lots and lots of it. Too much of it, actually. Just think of the company's primary business application offerings, many of which are under the brand of Microsoft 365. You know the big names: Word, Excel, PowerPoint, Outlook. And then you probably recognize some of the others: Teams, OneDrive, SharePoint, OneNote, Access, Publisher. But then dig deeper and you'll stumble on a number of lesser-known applications like Visio, Sway, UberEats, Forms, Bookings and Delve. OK, I’m kidding about one of them. But then there are also literally thousands of apps on the company's PowerApps platform, created by its countless developers and partners. All of these software offerings sit on top of their core infrastructure products like Windows, Exchange, SQL and Azure. And now there’s yet another application: Microsoft Viva. Microsoft … [Read more...] about On CRM: Viva Adds To Microsoft’s Organized Chaos Of Apps

- A + A KUALA LUMPUR (June 24): VS Industry Bhd’s net profit for the third quarter ended April 30, 2022 (3QFY22) dropped 30.1% year-on-year to RM51.29 million, from RM73.38 million previously, weighed by rising inflation, labour and material costs, as well as supply chain and logistics disruptions. Earnings per share declined to 1.34 sen from 1.95 sen the prior year. Quarterly revenue fell 13.69% to RM927.59 million from RM1.07 billion previously, VS Industry’s filing with the local bourse on Friday (June 24) showed. Earnings were impacted by lower shipments of orders to key customers due to labour shortages, as well as a protracted disruption to the global supply chain that affected the delivery of components, the group said. VS Industry said its Malaysian segment continued to be impacted by a combination of factors that included increases in labour and raw materials costs, as well as higher depreciation incurred for new facilities, while mass production for a … [Read more...] about VS Industry’s 3Q net profit drops 30% to RM51.3m, declares 0.4 sen dividend