- Nature of employment: If you have safe employment with no fear of job loss, then you can live with a smaller buffer of up to three months’ expenses. But if you are part of industries/sectors that are prone to layoffs and where opportunities are fewer, then ideally you need a bigger cushion. So the standard 3-6 month advice should be adjusted according to the threat of job loss and the probability of getting a new similar job quickly. Something like 6-9 months or even up to 12 month’s expenses can be considered in such cases. … [Read more...] about When layoffs and pay cuts abound, how large should your emergency fund be?
Injury at work pay
Robert I. Sutton and Hayagreeva “Huggy” Rao know all about good bosses. For their 2014 book, Scaling Up Excellence, the two Stanford Graduate School of Business organizational behavior professors spent seven years researching how exemplary leaders build on successful performance as organizations grow. They have also examined how dozens of organizations, including JetBlue, Netflix, Home Depot, and the Atlanta public schools, have dealt with difficult times, ranging from natural disasters to recessions to ethics scandals. … [Read more...] about The 7 hallmarks of good leadership in the pandemic
How does your company or team promote learning? Is there cross-training within the department or team? What measurables do you have for employees to ensure that they are staying relevant within the role? Understand what agility means to the company Discovering how we can be flexible in our relationships allows us to understand our boundaries. This is most certainly the case for your potential new company, as not all company directions are the same. It’s important to understand your own comfortability when it comes to strategic change in the workplace. Are you someone who prefers routine and stability? Are you someone who loves to be adventurous and can pivot quickly when asked to? … [Read more...] about 4 steps to finding a job that’s the right fit for you
Panay describes the initial target audience for the Surface Duo as “Surface fans who live in the Microsoft app ecosystem,” and such folks may well be thrilled with the device right out of the box. Those who do at least some of their living in Slack, Zoom, and other non-Microsoft apps will be happiest if other developers begin to support the double-wide view, along with another feature that Microsoft implemented in its own apps: the ability to drag and drop elements such as text from one app to another. Microsoft calls support for these features “enlightening” an app, and says that it’s working to help other developers do just that. (One early example: An upcoming update to Amazon’s Kindle e-reading app will show a page of text on each screen, like a real dead-tree book.) … [Read more...] about The many sides of Microsoft’s new two-screen Suface Duo phone
There are two ways through which these companies can be looked at. One is the idiosyncratic risk for a single company; how are their financials and how prepared are they to face the next economic crisis. The second is a systemic risk that looks at the macro-economic context within which the company operates. Since Dr Altman was predicting a downturn we designed our models in a way that could include these two elements. The pandemic has given us a competitive advantage in the market.Altman: The banker can collect data around the expected cash flow, profitability and other financial metrics of the businesses, input those into our model and get a result which predicts the possibility of success for the business. Regulators stress-test the banks; we are stress-testing companies on behalf of the banks. Our Z score model not only evaluates the company but also gives a bond rating equivalent and also shows the probability of default, up to as much as 10 years. This helps bankers get that … [Read more...] about Exclusive | India and the world were already overleveraged when COVID-19 hit, hence there will be massive bankruptcies: NYU professor emeritus Edward Altman