Salaried jobs fell by 11-12 million post COVID-19: CMIE

 

Salaried jobs in India have fallen by 11-12 million from around 85 million in pre-COVID-19 levels to around 73-74 million today, stated Mahesh Vyas, chief executive officer, Centre for Monitoring Indian Economy (CMIE).

Quoting the recent CMIE study, Vyas said, "India had 403.5 million jobs before being hit by the COVID-19 pandemic. In April 2020, about 126 million jobs were lost of which about 90 million were those of daily wagers. The figure recovered and reached 400 million jobs in January 2021 or December 2020. However, after the second wave, India has 390 million jobs."

He pointed out that not everyone has got their job back and those who have got their jobs back have not necessarily got the same quality job. Salaried jobs are still falling. The situation is worse off, he added.

In addition, over 97 percent of India's population has become poorer compared to where they were in terms of income (a year ago), claimed Vyas while accounting for inflation. As per a survey by CMIE, when people were asked how's their income today compared to a year ago, only 3 percent said that their income is better than a year ago; about 55 percent stated that it is worse than a year ago, and the remaining said it is no better, no worse. 

The recently released CMIE report has revealed that unemployment levels have moved into double digits, at 14.73 percent for the week ending May 23, with over 17 percent unemployment in urban India and nearly 14 percent in rural India. 

Given that the average unemployment rate in rural India has been around 6 percent in recent years and the monthly unemployment rate touched 8 percent rarely in rural India before the lockdown, this 9.7 percent rate does not bode well for the economy.

Source: People matters 31 May, 21

https://www.peoplematters.in/news/recruitment/salaried-jobs-fell-by-11-12-million-post-covid-19-cmie-29502

Human connectivity is fundamental to every business: Shivram Choudhary, Founder, Codevidhya

 

Businesses are all about human beings and human touch is key to maintaining the path to progress, shares Shivram Choudhary, Founder of Codevidhya.

The ‘virtual boom’ has enabled people to experience education in a new light. Gamification has brought a reward system to our educational progress and has increased enthusiasm to learn new skills. Yet with the pandemic still persisting amidst us, the stakes of maintaining human relationship has never been so higher.

In this interview, Shivram Chaudhary, Founder of edtech startup Codevidhya, discusses the value of human links and how it can support the organizations to realign their transformation.

How are you reinventing your HR policies for the new world of work?

At Codevidhya, we strongly believe in human connections and our focus is on reenergizing the HR sector and using collaborative technology to cater the digital requirements of the schools and institutions. 

With the pandemic influencing the way we look at work, Codevidhya brought in some COVID-19 regularizations in our policies which includes quarterly performance reassessments and flexible work schedules. We have also started wellness classes for our employees and inculcated book reading sessions to encourage human connectivity among ourselves.  

Source: People matters

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Stop Talking Over Each Other in Virtual Meetings

 

Summary:

As every organization returns to the office at different times, we will have both virtual and hybrid meetings for the foreseeable future. The author offers three tips to speaking up in a virtual meeting, and three warnings for when to hold back. One piece of advice: If you must interrupt, compliment the person speaking (“Thanks for that great point, Jeff, I’d like to build on that”) and then take the point in whichever direction you’d like. It maintains the current speaker’s credibility while giving you the space to jump in. If you think you might be interrupting someone but want to speak up anyway, own it: “I’m going to take the risk of interrupting Jeff here but I want to build on his point by saying…” This is particularly effective for hybrid meetings when you’re virtual and you can’t read others’ body language.

As companies of all sizes grapple with how and when to return to a physical office, it’s clear that virtual meetings are here to stay, with all the challenges and pet peeves that come with them. As more people return to in-person encounters, the hybrid meeting will follow suit.

Now that we’ve (for the most part) solved the technical challenges of finding the “mute” button and learning how to share our slides (but not our desktops), we are confronted with the more adaptive challenge of leading an effective and efficient virtual meeting. In the results of our recent benchmarking survey, we found that people are giving fewer presentations due to the pandemic, but they are speaking more than ever in virtual meetings. And they are getting frustrated. In our virtual leadership communication workshops, we are hearing the same questions from clients, regardless of whether they work at small nonprofits or global Fortune 50 companies:

Source: HBR

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A Brief Guide to Time Management

Time management is the process of planning and controlling how much time to spend on specific activities. Good time management enables an individual to complete more in a shorter period of time, lowers stress, and leads to career success.

Benefits of Time Management

The ability to manage your time effectively is important. Good time management leads to improved efficiency and productivity, less stress, and more success in life. Here are some benefits of managing time effectively:

1. Stress relief

Making and following a task schedule reduces anxiety. As you check off items on your “to-do” list, you can see that you are making tangible progress. This helps you avoid feeling stressed out with worry about whether you’re getting things done.

2. More time

Good time management gives you extra time to spend in your daily life. People who can time-manage effectively enjoy having more time to spend on hobbies or other personal pursuits.

3. More opportunities

Managing time well leads to more opportunities and less time wasted on trivial activities. Good time management skills are key qualities that employers look for. The ability to prioritize and schedule work is extremely desirable for any organization.

4. Ability to realize goals

Individuals who practice good time management are able to better achieve goals and objectives, and do so in a shorter length of time.

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