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Archive: November 30, 2023

Great Place To Work’s report on IT & IT-BPM unveils industry resilience and vital trends shaping future workplaces

National, 30th November 2023 – Great Place To Work® India, a renowned workplace assessment and recognition organization, has unveiled a comprehensive report on India’s Best Workplaces™ in the IT & IT-BPM sector, with insights gathered from a staggering 1.8 million employees. The report showcases the remarkable resilience of the IT industry while highlighting pivotal shifts in employee perceptions and sentiments. Some of India’s best workplaces in IT and IT-BPM 2023 (alphabetic order) include _VOIS, Accenture Solutions Private Limited, Akamai Technologies India Private Limited, Atlassian India LLP, Blue Yonder India Private Limited, Cadence Design Systems (India) Private Limited, CGI Information Systems and Management, Consultants Private Limited, Cisco Systems India Private Limited, Encora Innovation Labs India Private Limited, H & R Block (India) Private Limited. A list of the top 100 workplaces can be accessed at < India’s Best Workplaces in IT & IT-BPM 2023>

Notably, the 2023 assessment reflects that the burnout risk remains a concern, affecting 27% of employees in large companies which is 3% higher compared to their mid-sized counterparts. Female senior managers in particular experience a 5% higher burnout rate than male counterparts. The trend draws on the importance of maintaining a delicate balance between growth and employee well-being.

However, it’s worth noting that large organizations demonstrated a 1% improvement in employee experience, while mid-size entities maintained a commendable 85% score, surpassing their larger counterparts.

Yeshasvini Ramaswamy, CEO, of Great Place To Work India, stated, “As we stand at the intersection of disruptive innovation and sustainable progress, I reflect on the profound and indispensable role played by the IT industry in driving the Indian economy forward. India’s IT industry contributes a staggering 7.5% towards the country’s gross domestic product (GDP). This statistic not only underscores the economic significance of this sector but also showcases the pivotal role each organization plays in shaping the trajectory of our nation. The emergence and robust contribution of cutting-edge technologies such as AI and deep tech in the Indian IT sector, as of 2023, further accentuate our industry’s status as a hub of talent and innovation with global delivery capabilities. It is the collective effort of these organizations that lays the groundwork for a future where technological prowess is synonymous with national progress and global ambitions.

Our report, India’s Best Workplaces in IT & IT-BPM, highlights the vibrancy and resilience of this industry. With over 1.8 million employee voices contributing to our study, trends that will shape our future of work continue to be myriad. This assessment through our proprietary methodology aims at studying the ways in which organizations completely channelize their people power and create inclusive workplaces through effective leadership, meaningful values, and nurturing a culture where all employees experience high levels of trust and bring their best selves to work.

This year we see that the industry has experienced subtle shifts in employee perceptions as compared to the last year. While the overall employee experience saw a dip, dimensions like Pride and Fairness emerged as the highest and lowest in employee sentiment, respectively. The reduction in Camaraderie (-1%) and a diminished sense of Pride (-1%) among employees has shaped the overall employee experience.

In addressing the current challenges, Workplace Ikigai emerges as a holistic solution that empowers individuals to align their personal passions, cultivate meaningful relationships, embody exceptional leadership, and create an enduring impact.

As we embrace flexibility through hybrid workplaces, fostering collaboration becomes more critical.

83% of Best Workplaces invest mindfully in their employees’ growth. Leadership excellence, despite being the lowest-scoring lever in Workplace Ikigai, shows an upward trend. This emphasizes the need for more accountability and authenticity at leadership levels.

As we continue to navigate the ever-evolving landscape of the IT industry, let us draw inspiration from the positive trends. A lot of work is yet to be done and as I say, achieving an optimal workforce DNA is not just a goal; it will always be a journey where employees have to be empowered with the skills and resources, they need for success within the construct of psychological safety measures. Congratulations to each and every one of you! Your commitment to nurturing environments that inspire innovation, foster trust, and promote the well-being of your employees has not gone unnoticed. In a world that constantly evolves, you have set a benchmark for what it truly means to be a Great Place To Work for us in India.”

Workplace Ikigai not only fosters employee well-being but also boosts productivity, retention rates, and innovation. Notably, in 2023, a sizable 77% of IT companies monitor employee well-being, with 55% employing multiple methods.

The report further highlights that the convergence of IT workplaces and personal fulfillment is key to achieving a remarkable 1.7X higher retention rate. It says that employees immersed in robust team dynamics are 3X more inclined to perceive their workplace as exceptional, fostering trust in colleagues and a welcoming onboarding experience. Furthermore, those exposed to stellar leadership experiences are also 3X more likely to consider their workplace excellent, benefiting from enhanced training prospects and crucial job resources.

As organizations navigate challenges, focusing on employee well-being, team spirit, and upskilling, will not only enhance workplace dynamics but will also drive substantial business returns. This further sheds light on the fact that IT companies have been investing an average of 1.97Cr annually in training and development, underscoring the significance placed on nurturing employee growth. Hence, with elements such as improved retention rates, heightened productivity, and increased innovation, opportunities will create resilient and thriving workplaces.

Vijaybhoomi University signs a MoU for Academic and Research collaboration with the Indian Institute of Science

VB MouNov 30th, Bangalore: India’s leading liberal professional university Vijaybhoomi recently signed an MoU with the Department of Centre for Product Design Manufacturing (CPDM) at the Indian Institute of Science (IISc). Both institutes have collaborated to cultivate a productive partnership in academics and research. The idea behind this is to promote knowledge sharing between the two institutions in research, teaching, and learning areas of common interest and also enable student and faculty exchanges for mutual benefit and development.

The MoU was signed and exchanged by the Assistant Professor of Vijaybhoomi University, Dr. Krishnakant Bhole, and the Principal Research Scientist at CPDM, IISc, Dr. N D Shivakumar in the presence of Prof. Vishal Singh, CPDM, IISc.

Adding to the occasion, Dr. Krishnakant Bhole, Assistant Professor at Vijaybhoomi University expressed his views saying, “I feel honored to sign this agreement with IISc which is one of the most prestigious institutions of the country. I believe that this partnership will be tremendously advantageous for the students and faculty of both institutions. Excellence in academic research is essential for any educational institution and with this initiative, Vijaybhoomi University has further strengthened its goal of providing high-quality education”

Ritviz, Diorange, Kayan and many more to feature at the OnePlus AI Music Festival

Bengaluru – 30th November 2023 – Last week, OnePlus the global technology brand announced the dates of the groundbreaking musical extravaganza, the OnePlus AI Music Festival. Today, OnePlus has announced an electrifying lineup of diverse artists to grace the stage. This gathering will showcase a blend of global talents, promising an unparalleled fusion of music styles and genres.

India’s biggest Independent Artist, Producer & DJ – Ritviz will join the star-studded list of artists. Few Indian artists have experienced the meteoric rise to fame that 27-year-old Ritviz Srivastava has, and even fewer have been able to sustain that popularity. Effortlessly blended elements of Indian traditional music, hip-hop, and electronica, he is currently the highest-streamed Indian indie artist on Spotify garnering 1 billion+ streams across audio and video platforms.

Also on the programming is Swedish, Producer and DJ – Diorange. Diorange’s distinctive sonic landscape celebrates different languages and genres, creating a sound that is truly global. With an impressive track record of over 200 million views across various content platforms, ​​his meteoric rise is exemplified by headlining performances at key events in India and Sweden and touring across India.

In the all-star roster is also Kayan – Ambika Nayak’s musical alter ego. A multifaceted artist – singer, producer-DJ, model, actor, and voiceover artist – Kayan effortlessly navigates musical terrains spanning soul, electronic, pop, and R&B. Renowned for her captivating performances, she’s graced prestigious stages worldwide, including NH7 Weekender, Zomaland, YouTube Fan Fest 2023, and the inaugural Lollapalooza India.

Adding to the festival’s diverse soundscape is Lost Stories, comprising Prayag Mehta and Rishab Joshi, dubbed the “Scene Starters” by DJ Mag. Their distinctive amalgamation of ethnic and folk music with electronica has captivated audiences globally. As the first Indians to perform four times at Tomorrowland Music Festival, including sets at Tiesto’s Musical Freedom stage and Dimitri Vegas & Like Mike’s Smash The House stage, Lost Stories continues to push boundaries in the electronic music landscape.

The lineup also features the dynamic duo Pro Bros, Sunny Sharma, and Karan Bhalla. Regarded as pioneers in India’s Electronic Music scene, their high-energy live performances have become a hallmark. Their repertoire includes chart-topping releases like ‘Take My Breath Away’ on Tiesto’s Musical Freedom/Spinnin Records and ‘F.U.T.S.’ on Chuckie’s label, Dirty Dutch Digital. Along with this, their song with Raghu Dixit, “Sajanaa” has garnered more than 5M+ views and streams. Pro Bros are popularly nick-named as ‘Mashup Masters’ which is only fair because they’ve released 100+ mashups that have been played by 1000+ DJs around the globe.

This curated lineup of artists represents a convergence of global talent, promising an unforgettable sonic journey for attendees at the OnePlus AI Music Festival. Stay tuned for more updates and surprises as the event approaches.

XTB Hires Head of Artificial Intelligence

Tomasz_GawronUAE, Dubai 30th November 2023: XTB, a global fintech offering online investing platform and mobile app, announced today the appointment of Tomasz Gawron to lead the company’s Artificial Intelligence (AI) department. This newly created division within the Technology & Product department will be focused on the confident and responsible adoption of AI into business operations and XTB’s proprietary investment platforms.

The Head of AI will grow and lead the team responsible for shaping the company’s strategy towards incorporating disruptive, AI-powered technologies. Working closely with other company departments, this newly created division is tasked with monitoring and identifying the paths towards effective implementation of AI into current and future products and services as well as daily business operations.

“As a fintech enterprise with a focus on the Middle East market, we aim to lead the way in our industry amidst the transformative influence of AI and machine learning. Our pivotal role within XTB is instrumental in expediting the integration of cutting-edge, AI-driven solutions tailored to enhance our existing Machine Learning capabilities. We view this technology not only as an integral component for elevating performance, data analytics, client onboarding, and support but also as a catalyst for enhancing employee productivity. Embracing these advancements positions us uniquely to cater to the distinctive needs of our Middle East clientele.” added Achraf Drid Senior Executive Officer – Middle East & North Africa for XTB MENA Region.

As the effective deployment of state-of-the-art technologies requires a strong operational focus, XTB’s AI division will drive the process of prototype testing and validation, as well as oversee all AI-related projects to ensure their high quality and compliance with the company’s business goals. The team will also be responsible for the ongoing monitoring of the latest trends and developments within the AI area as well as internal knowledge sharing to ensure that all employees are well informed and trained on how AI can be used in their daily tasks not to run afoul of internal procedures and regulatory requirements.

“We will use AI to democratize access to data and personalize user experience. A more unified conversational interface to training materials, platform configuration options, and support along with access to current financial data analysis should make platform users more efficient in their day-to-day operations. We are moving towards a world where a custom, interactive report is generated from fresh data whenever you ask. Imagine your personal assistant helping you distill insights from information available on our investment platform” said Adam Dubiel, Chief Product & Technology Officer at XTB.

Tomasz Gawron is an experienced programmer, robotics expert, and co-author of several studies on mobile robotics. He has extensive teaching and training experience gained from supervising Robotics and Computer Science students at Poznan University of Technology. Most recently, he was AI research and engineering lead at Wunderman Thompson Technology where he built the AI research department and was responsible for overseeing the delivery of the company’s AI strategy and project coordination. Tomasz holds a PhD in Automation, Electronics, and Electrical Engineering from the Poznan University of Technology.

India Post & Apollo Cancer Centres Chennai, join hands to Launch Stamp Out Childhood Cancer Campaign

India Post & Apollo Cancer CentresChennai, 30th November 2023: In a heart-warming initiative to raise awareness and support for Childhood Cancer Awareness, Apollo Cancer Centres, Chennai is collaborating with India Post to launch a commemorative stamp under the campaign ‘Stamp Out Childhood Cancer.’ This innovative effort aims to go beyond merely creating awareness, by bringing people together to join hands in fighting against childhood cancer and carrying a profound message of hope, strength, and unity.

The highlight of the event was the presence of a paediatric cancer survivor, whose courage and determination have been an inspiration to many. They had the honour of unveiling the stamp, which represents the unwavering spirit of children and families overcoming the challenges posed by childhood cancer. During the launch, 60,000 stamps were released, commemorating this significant collaboration between Apollo Cancer Centres and India Post.

Ms B P Sridevi Postmaster General (Mails & BD) Tamil Nadu Circle said, “We are proud to be a part of this historic collaboration with Apollo Cancer Centres. The launch of the ‘Stamp Out Childhood Cancer’ campaign through postage stamps is a powerful and compassionate step forward in the global battle against childhood cancer. We believe this initiative will inspire many others worldwide. It reflects our commitment to not only delivering letters but also messages of hope, support, and unity. We believe in the enduring impact of acts, such as affixing a stamp, in fostering change and compassion. Let us all come together, harness the power of this small yet mighty symbol, and make a profound difference in the lives of young cancer warriors.”

Mr Madhan, a Parent of a Childhood Cancer Survivor, conveyed their heartfelt thoughts on the event, saying, “As a parent, I understand the pain and fear that childhood cancer brings. But I also know the strength and resilience our children possess. This stamp is a symbol of their bravery and the love and care they receive. It’s a reminder that we’re not alone in this fight.”

Dr Revathi Raj, Senior Consultant, Paediatric Haematology Oncology at Apollo Cancer Centre Chennai, expressed her enthusiasm for the initiative, saying, “Being dedicated to the well-being of children, we recognize the immense significance of early detection in the fight against childhood cancer. This stamp symbolizes not only hope but also the critical need for awareness and support. Every day, we witness the incredible resilience and bravery of young cancer warriors and their families. This initiative, ‘Stamp Out Childhood Cancer,’ carries with it a message of solidarity that extends far beyond the postage stamp. It represents our commitment to improving the lives of these courageous children and their families, offering them a brighter future.”

The act of affixing this special stamp to a letter or a package will become a symbol of solidarity, representing the resilience of children and families who bravely confront the challenges of childhood cancer. This stamp will spark meaningful conversations and serve as a reminder that people in society have a role to play in supporting, building hope & fighting against childhood cancer.

Apollo Cancer Centres and the Department of India Post are taking an extraordinary step by launching the ‘Stamp Out Childhood Cancer’ Campaign becoming the first in India to champion the cause of childhood cancer through postage stamps. The stamp’s design features a cheerful child’s face, accompanied by a QR code linking to a video that showcases key figures from the Department of Posts, paediatric oncologists, childhood cancer survivors, and caregivers discussing the importance of early detection in “Stamping Out Childhood Cancer.”

The “Stamp Out Childhood Cancer” initiative embodies the spirit of unity and compassion, sparking conversations, evoking kindness, and enriching the well-being of society as a whole. With this unique partnership between Apollo Cancer Centres and India Post, the fight against childhood cancer has found a powerful new ally.

Can’t imagine this journey without any of them shares Urvi Singh about her co-actors in Crushed S3

Urvi SinghMumbai, 30 November 2023: Amazon miniTV – Amazon’s free video streaming service released the third season of the much-loved coming-of-age romance drama series, Crushed. The first two seasons resonated deeply among romance lovers and created much anticipation. Starring Aadhya Anand, Naman Jain, Arjun Deshwal, and Urvi Singh in pivotal roles, in the third season the narrative goes deeper into their experiences, testing the depth of their friendships and love amidst newfound complexities and struggles. Created by Dice Media and directed by Mandar Kurundkar, the series is a hearty blend of emotions and drama, with twists, turns, and exploring individuality.

Talking about her co-actors and their special bond, Urvi Singh shared, “My crushed’ co-stars are my absolute favorite and I can’t even imagine this journey without any of them. They are the funniest and craziest individuals I have met and I am sure anyone would enjoy their company. Our conversations would range from dark comedy to deep intellectual talks.”

Exploring the nitty gritty of her character ‘Jasmine’ in the new season, she further expressed, “In this season, I think jazz has played a significant role in shaping Rajat’s growth as a character, enhancing their understanding of emotions and vulnerabilities, and refining their capacity for self-expression.”

SP Jain School of Global Management & Emeritus launch Executive HR Leadership program

SP Jain SchoolMumbai, November 30, 2023: SP Jain School of Global Management, a leading business school ranked the world’s no. 12 with campuses in Mumbai, Sydney, Dubai, and Singapore, has announced the launch of its Executive HR Leadership program. The six-month live online program is designed to equip HR professionals to elevate their skills across strategic HR Management by preparing them for the future of HR transformation. This program is offered in collaboration with Emeritus, a global leader in making high-quality education accessible and affordable, and enrollment is now open for a February 2024 start.

Organisations and their business models are evolving at an astonishing pace due to an evolving global business landscape. Today, HR professionals are expected to be strategic partners who understand the importance of blending technology with purpose and well-being to build a future-ready workforce. A Gartner report on the Top Priorities for HR Leaders in 2024 states that 75% of HR leaders say their managers are overwhelmed with the growth of their job responsibilities. This highlights the urgent need for future-focused HR professionals to be able to support the management and build a culture of high performance.

The Executive HR Leadership program is curated to equip participants with the ability to develop a consultative approach towards Human Resource Management through a comprehensive curriculum that focuses on understanding the changing world of HRM, developing a renewed approach towards talent strategy, and using AI and technology to improve performance and culture. It is specifically designed for HR generalists, business partners, and professionals across recruitment and staffing, compensation, L&D, safety and health, and labor relations. Attendees will become part of a varied group, connecting with colleagues from different sectors, and will learn from real-world case studies. Additionally, they will actively participate in a practical project to put their gained expertise and skills into practice.

Commenting on the launch of the program, Dr. Vanita Bhoola, Assistant Dean and Associate Professor – EMBA and Executive Education, SP Jain School of Global Management said, “Executive HR Leadership program is curated to gain newer insights in the HR domain. Empathetic HR leaders can look at the larger picture from the client as well as from the employee’s perspective. The evolving need to be forward-looking, understand the business perspective, and constantly seek the newer knowledge of technology, people or process is a must for both HR and business leaders equally.”

“In our conversations with various senior HR leaders, it is evident that HR managers are ready to step up and take on more responsibilities. However, they lack the experience to foresee, analyze, and plan their approach towards people management and employee experience. This is where a program like Executive HR Leadership stands out”, said Manas Mainrai, Senior Vice President of Emeritus Enterprise, APAC, and India. “We are pleased to collaborate with SP Jain School of Global Management and bring their faculty’s expertise, experience, and insights to enable professionals in any role in the HR function to create high impact in their organisations, effectively lead teams, and contribute to organisational growth.”

Role of Online MBA in Finance for Compounding – A Force Multiplier of incrasing savings and investment

by Srikant Nandigam, Chief Executive Officer – Vignan Online (Online learning arm of Vignan’s Foundation for Science, Technology & Research (Deemed to be University)

In an era of rapid technological breakthroughs and shifting business environments, the quest for education has crossed traditional lines. Education, particularly in the field of finance, has undergone a massive transformation. The emergence of the online MBA program in Finance has opened new avenues for harnessing the power of compounding, thereby fortifying investments and securing financial futures. So, let us look at the importance of earning an online MBA in Finance for compounding, which functions as a force multiplier in the effort to build assets and savings for a secure future.

Compounding:

Understanding compounding is crucial for financial growth. It involves earning interest not only on the initial investment but also on the accumulated interest over time. For basic instance, $10,000 invested at 5% annual interest becomes $12,762 after 5 years, thus demonstrating the noteworthiness of compounding.

Finance & Compounding:

In the world of Finance, the concept of compounding is analogous to the snowball effect. It comprises reinvesting earnings, such as interest, dividends, and capital gains, in order to generate greater earnings over time. Compounding works on the premise of exponential growth, where the initial investment serves as a foundation for subsequent returns. The longer the compounding period and the higher the rate of return, the more noticeable the consequences.

The Online MBA in Finance Advantage in Compounding:

The beauty of an online MBA in Finance lies in its interdisciplinary approach. It bridges the gap between finance and other business domains such as economics, accounting, and management. This integrated knowledge base enables students to grasp the intricate connections between financial decisions and overall business strategies.

The Online MBA in Finance offers a transformative advantage through its comprehensive understanding of compounding. This principle exponentially magnifies investment returns and savings growth which benefits individuals and companies alike. Mastering compounding in investment augments long-term financial health, while applying it to savings enhances personal wealth and corporate profitability. This strategic prowess ensures a competitive edge in financial management on both personal and organizational levels.

The Compounding Effect on Professional Growth

MBA in Finance delves into the profound concept of compounding, a bedrock of financial growth. Understanding its exponential impact on investments and debt empowers strategic decision-making. Proficiency in compounding amplifies financial acumen, an essential asset in modern business landscapes. It helps learners experience a compounding effect on their professional growth. The knowledge acquired during the program equips them with a competitive edge and helps in positioning them as valuable assets in their organizations. This often helps with career advancement opportunities, salary increments, and a broader scope of responsibilities. The incremental growth in one’s professional trajectory mirrors the concept of compounding, as each milestone builds upon the previous one.

In conclusion, earning an MBA in Finance provides individuals with the analytical tools and strategic insights needed to manage the complex world of investments and savings. This knowledge, coupled with an understanding of compounding, proves essential to both personal and corporate financial success. Harnessing the power of compounding ensures continued growth over time. This promotes stronger wealth accumulation for individuals and increases the feasibility of corporate investments. By embracing these principles, anyone can pave the way toward sustainable prosperity and solidify a secure future for themselves and their organizations in the dynamic field of finance.

ACC creates sustainable livelihood through goat rearing around its Chanda Cement Works

Goat rearingBangalore, 30 November 2023: ACC, the cement and building material company of the diversified Adani Group, has created a comprehensive goat-rearing ecosystem that has managed to pull out several families from dire poverty in Hanuman Nagar at its Chanda Cement Works. With support from ACC and its partner NGO Indira Mahila Bachat Gat, beneficiary households are now earning an annual income of Rs 45000/-, with an average livestock holding of 6-7 goats per family.

The initiative on goat-rearing as a livelihood activity for the relatively poor and landless households has largely been concentrated in villages and hamlets around Chanda Cement Works in Chandrapur, Maharashtra which is blessed with a dense deciduous Sal Forest, endowed with a large number of seasonal plants and shrubs that are a good source of fodder for goats.

The success of goat-based livelihood is largely due to the comprehensive services provided by the on-ground team of ACC & Adani Foundation including livestock insurance, veterinarian services, banking, and credit services.

ACC and the Adani Foundation are actively engaged in impactful initiatives designed to uplift communities and drive sustainable development. From water conservation projects to empowering livelihoods and promoting social inclusion, their comprehensive efforts are leaving a lasting positive impact on diverse facets of society.