HUMAN SKILLS
India's job crisis: Could Andhra Pradesh's skill census be Modi 3.0's game-changer?
India's job crisis: India's booming population is facing a challenging job scenario. The crisis involves both the quantity and quality of jobs. Amidst this, Andhra Pradesh's Chief Minister, N. Chandrababu Naidu, is launching a skill census to map available skill sets and develop human capital. This initiative could be a game-changer for Modi 3.0 if it plans to replicate the same on an all-India level.
As AI gains a workplace foothold, US trying to make sure workers don't get left behind
Bridging the digital equity gap through AI education is crucial. Marvin Venay stresses the importance of inclusive initiatives for overcoming barriers. Accessible internet and affordable technology are essential components for empowering individuals with AI knowledge and skills.
ET Explainer: Decoding the hype over building an AI brain smarter than humans
While some, like OpenAI, are striving for Artificial General Intelligence (AGI), a new frontier in AI is generating debate: Artificial Superintelligence (ASI). This hypothetical technology would surpass even AGI, fundamentally changing humanity. What exactly is ASI, and how would it impact people? ET explains.
Zap our human capital to shape
India needs to make sure that no one is left behind as it quickens its growth trajectory. Social and economic advancement will be essential for this. Every child in India has to have access to the education they need and be given the opportunity to pursue their dreams of becoming successful adults.
Eyeing a healthcare career? Here are the trending roles, skills and pay brackets you should know
The Indian healthcare sector is booming, becoming an economic backbone with opportunities in healthtech and insurtech. High-end technology has opened doors for new careers, emphasizing the importance of specific skills for success in the evolving industry.
Brain 'drain' turning to 'gain', India Inc should step up: HUL Chairman
HUL chairman Nitin Paranjpe discussed the importance of retaining talent in India and mentioned the rising trend of 'brain-gain' during the company's annual general meeting.
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Will robots serve better than humans in search of Titanic artifacts? July mission after OceanGate's Titan tragedy
After the Titan disaster, the RMS Titanic company is planning for the July expedition, for which they will use robots instead of humans. Meanwhile, submersible industry specialists are pushing for more stringent international rules to avert yet another tragedy.
In search of 'decent work'
Former RBI Dy Guv Mohan said India could not break out of lower-income levels without massive employment in low-wage manufacturing. Lack of 'decent jobs' was so acute that Uttar Pradesh had 4 mn applicants for 60,000 constable jobs. India's labour force participation was barely 50% against 78% for Vietnam, 76% for China, and 65% for Indonesia. This underemployed mass could not be employed fully in services. So, it was essential to boost manufactured exports - that alone would produce enough 'decent jobs'.
AI jobs command premium pay as companies fill specialised roles
Experts and staffing firms told ET that qualified AI professionals in India are raking in serious cash. Compared to traditional IT roles, AI specialists can command a salary premium of up to 40-80%. The demand for AI talent is exploding as companies race to fill these new and specialised positions.
Cultural intelligence: A key skill for freshers to thrive in a diverse workspace
Employees need to cultivate cultural intelligence to thrive in a globalized work environment. Freshers can develop CI through cultural immersion, online resources, and self-awareness, crucial for navigating diverse workplaces with empathy and understanding.
What will a robot make of your resume? The bias problem with using AI in job recruitment
Establishing guidelines, ethical standards, and promoting transparency in AI decision-making processes are essential for fair recruitment practices. Collaboration between HR professionals and AI developers can lead to more inclusive and equitable hiring processes.
Using AI to draft a cover letter? Don’t depend on tech too much
Artificial intelligence (AI) is beneficial for job applications, but over-reliance on it for drafting cover letters can lack personalization. Sashi Kumar from Indeed India emphasizes the importance of a human touch in cover letters to convey authenticity and storytelling for job seekers.
Why does Anurag Kashyap believe Mammootty stands apart from Bollywood stars? Director highlights key differences
Anurag Kashyap highlighted the stark differences between Bollywood and South Indian cinema, praising Malayalam superstar Mammootty for his fearless creative choices. Speaking on the Humans of Cinema YouTube channel, Kashyap emphasized that unlike Bollywood, the South Indian film industry offers equal opportunities to both small and big films. He commended Mammootty for taking bold roles and trusting filmmakers, contrasting this with Bollywood stars who seek guaranteed hits before committing to projects.
Infosys recruits 76% lesser college graduates in FY24
IT major Infosys hired 11,900 college graduates in FY24. This is against over 50,000 graduates hired a year ago, as per data from its annual reports.
The new ChatGPT offers a lesson in AI hype
OpenAI highlighted ChatGPT-4o's improved reasoning abilities but tests showed mixed results. The bot struggled with logic puzzles like the Where's Waldo? puzzle and made errors in reasoning.
View: Gotta get ready for the AI-ternative
The integration of AI, nano robotics, space tech, and battery tech is transforming industries and reshaping economic models. As digital workers replace human roles in areas like call centers and logistics, governments must address potential job losses. Suggested measures include reskilling programs, focusing on labor-intensive industries, and implementing universal basic income (UBI) to support displaced workers. This proactive approach will help manage the transition and harness the benefits of these groundbreaking technologies.
Salesforce leads the charge in hiring for new AI-driven roles
Salesforce is recruiting for positions like prompt engineers, AI trainers, and ethical AI architects. The demand for new skills is rising in the job market, driven by AI opportunities.
Stocks with tailwinds called advantage India: 5 largecap stocks from 3 different sectors with an upside potential of upto 36 %
In terms of valuations and sentiment we are not far from the place where we were in the last quarter of 2023 or early part of this year. When it was not possible to find stocks which can be called as “fairly valued” forget “undervalued”, and the sentiment was very bullish. The only difference between then and now is that we have election results which are coming up. Surely a confirmation on 4th June that continuity in the policy making is a big factor. But there is another thing which long term investors need to look at before investing. Whether the company or the sector has an advantage due to India as a country. A well known example, which has been present for decades is that of the IT industry. India as a country is a factory of software engineers, and that is our strength. So when investing for the long term, look at sectors where we have some strong tailwinds due to our human capital.
The rise of AI in recruitment process: How companies are using artificial intelligence for hiring
Companies use AI tools like GenAI bots for candidate sourcing, resume screening, and skills assessment. HR executives say AI makes hiring quicker and more efficient. Genpact launched IMatch, an AI-based job-matching engine, resulting in improved productivity and faster hiring.
4 key competencies needed in a small business HR manager
Successful HR career requires superior soft skills and emotional intelligence, especially in small business settings.
Senior-level IT services hiring in 2024 focuses on new-age skills
IT services and global market conditions impact senior-level hiring with pay hikes expected. Roles in finance, consulting, and program management are in demand. Companies hiring for roles like chief AI officer, delivery head-AI, and CFOs. Skills in cloud computing, machine learning, and data engineering are sought after. Gartner forecasts $5 trillion IT spending in 2024, with India's IT spending growing.
Embracing Industry 4.0: Navigating business transformation trends in the digital age
Post-pandemic, the focus on Industry 4.0, Circular Value Chains, Autonomy via Edge Computing, and Demand-Driven Digital Supply Chains reshaped global business dynamics. India's leadership in AI, cybersecurity, and sustainable manufacturing practices highlights its commitment to digital transformation.
Axis Bank to groom LGBTQIA+ talent for careers in banking
Axis Bank has introduced the ‘ARISE ComeAsYouAre’ talent acquisition programme to recruit individuals from the LGBTQIA+ community across India for careers in banking. The initiative focuses on skills-based hiring, offering equal opportunities to fresh graduates and professionals up to 5 years of experience. The bank emphasizes diversity, equity, and inclusion, aiming to foster innovation and leverage talent diversity. This follows Axis Bank's previous efforts to support the LGBTQIA+ community, including offering joint accounts and insurance products.
This AI tide ain't ebbing
In the world of private equity, AI stands out as path-breaking in its potential. Goldman Sachs had put AI investment burgeoning to $200 bn by 2025. This now appears conservative. All that optimism is widening the arena of impact and extending to allied industries like semiconductors, servers, storage, networking, data management and analytics.
Effective defence-industry ecosystem taking shape in the country: Gen Pande
Gen Manoj Pande highlights the importance of integrating veterans into the defence-industry ecosystem, emphasizing their unique skills and experiences for technological solutions required by the Indian Army.
Early career promotion sounds juicy but learn how to digest it first
Young professionals are no longer waiting years for promotions, instead stepping up early in their careers. Early promotions offer skill development, confidence, and career advancement. Employers value leadership potential, problem-solving skills, adaptability, and market awareness. Challenges include workplace biases and maintaining work-life balance. Strategies for success include showcasing achievements, improving skills, taking risks, and building relationships.
Teaching minors 'good touch', 'bad touch' not enough, educate them on 'virtual touch': HC
The high court's observations came while dismissing a bail plea by a woman, Kamlesh Devi, accused of helping her son in sexually assaulting a minor girl after kidnapping her and forcing her into prostitution. The 16-year-old was allegedly kidnapped by Rajiv who befriended her on social media and kidnapped her when she came to meet him. The girl was taken to Madhya Pradesh and confined there for several days. She was allegedly sexually assaulted by the man and others.
Rajan wants India to remove the fluff from GDP numbers and take a leaf out of China's book
Speaking at a conference on "Making India an Advanced Economy by 2047: What Will it Take" at the George Washington University in Washington, the former banker said India needs to "take away the fluff" in its GDP numbers. Rajan extolled the need to focus on improving human capital and enhancing skill sets, adding, "I think we are in the midst of it (democratic dividend), but the problem is we are not reaping the benefits."
Why adaptability is the one skill freshers should learn to develop
Adaptability is essential for freshers to thrive in the job market. Employers value it for navigating evolving job requirements. Developing adaptability skills through continuous learning and embracing change is crucial for career progression and success.
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