6 Best Global Cities to Work & Reside: Cities Millennials Should Take Note of – Part I

Global Cities London New York

Global cities are a result of the swift amalgamation of world economies and the rise of the global consumer class. Alternately, the boom of millennials within the workforce has given a shot in the arm to this overall concept of global cities.

Some cities are of vital economic significance in their countries and then there are cities which serve as an important nodule within the overall international financial system.

The term Global City was first coined by Dutch-American sociologist Sasika Sassen, in her seminal work, The Global City: Introducing a Concept.  Sassen emphasises that cities are major nodes in the interrelated systems of money and information, and the wealth they generate or accumulate closely related to the specialised businesses enable those flows, for example, financial institutions, accounting firms, consulting firms, law firms, and media organisations.

Today, roughly three decades down the line, the term Global City has become symbolic of places that offer the best economic, social and cultural climate to businesspersons and professionals (especially millennials and single professionals) for working or carrying out business and trade.

Globally integrated cities have a strong effect on economic and human development. They offer flourishing environs that attract the best talent across the world.

Here are the six best global cities in this world to work and live that I would love to visit at least once:

#1. London, UK

London has successfully placed itself at the number one position in the list of Global Cities to work and live for. In 2016, the city was ranked top in a survey named Top Global Cities of today, conducted by A.T. Kearney, trailed by its counterpart New York. The capital of England, London happens to dawn multiple hats—as the financial, educational, transport and even the cultural hub of Europe.

While all of London’s airport (including Heathrow) terminals, see more than 100,000 flights landing per month, reports suggest over the next one decade; the coloured Asian minority ethnic group will account for nearly 80 percent of its working millennials’ population.

London is already home to 33 percent of European HQs of Global Fortune 500 companies; it is also the world’s largest city airport system measured by passenger traffic.

The city generates 20% of UK’s GDP and is always fighting it out for the top spot with New York when it comes to being the most significant locale for international finance. Even if we choose to ignore the city’s economic and cultural background, today, its current face, its slick transport system, advanced educational and healthcare facilities, the ease-of-doing business makes it one of the three triumvirates—along with New York and Paris.

However, sustainability is again a fundamental challenge that the city faces in the wake of growing modernization and industrialization.

#2. New York, USA

Several research reports confirm the fact that by far, New York is the best place rather the best global city in the world to work and live (preceded by London recently). Of course, provided that it pays well. New York, happens to be one of the biggest modern hubs of the global economy.

The city is one of the largest urban hubs of the international economy and hence has been characterised as Alpha ++ world city. Wall Street located in Lower Manhattan is the leading financial centre and is home to the New York Stock Exchange (NYSE), the world’s largest stock exchange in terms total market capitalisation of its listed companies.

New York’s economic might can be gauged from the fact that the city is home to a maximum number of world’s billionaires. Several organisations including 45 Fortune 500 companies have their headquarters in New York City. On the other hand, industries such as information technology, software development, advertising, education (home to Ivy League University), fashion, new media are booming, accounting for an increased number of jobs for millennials.

#3. Paris, France

Paris has a particular place in people’s imaginations. One of the first global cities, its charisma has attracted the world’s brightest minds for centuries, from artists and émigrés to writers and entrepreneurs to political leaders. Fashion and Epicureanism still make up for its moniker style; but as the real city dropped out far its historic core, diversifying and adapting, the Paris of the imagination became somewhat fixed. Reconnecting the two cities will be an essential part of realising the potential for Paris to thrive in future.

Economically, it is growing stronger with each passing day, with Paris Region registering one of the highest GDPs in the world, (to the tune of $US845 billion). The Region headquarters 30 of the Fortune Global 500 companies and is the third most popular tourist destination after London and Bangkok.

In spite being a hub for high-tech manufacturing and high-value-added service industries, Paris is rated as the second most “green” city in Europe, right after Berlin. The City of Lights is close on the heels of London and New York regarding the economic importance, ease of doing business and of course, one of the best global cities to work and live.

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In a Relationship with Your Boss? 4 Things to Keep in Mind

Boss

Love comes in all shapes and sizes and can happen anytime, anywhere with anyone. Workplaces are no exception and dating, falling in love with a co-worker or bosses are in fact pretty standard.

Though there is no doubt it is a natural occurrence – to fall for the boss – it has its list of complications, even more than dating a co-worker.

Power and authority can also make other people seem more attractive – most people had a crush on a teacher when they were at school but hardly followed it because they know it was something forbidden.

However, there are certain rules and regulations one needs to keep in mind while choosing to date at the workplace. And if the person of your romantic interest happens to be your boss, you need to get a little more cautious, especially when you both are in the workplace.

So, what are the tips you need to follow while dating your boss? Here’s a look:

Boss
Img. Src. Google.co.in

#1. Try and maintain secrecy

Having a relationship with your boss at the same workplace, might not be the absolute ideal. However, one can always try and maintain discretion and be diligent about the same. It might be rather difficult, as gossip mongers are there in every office. But, try to retain the secrecy element as long as you can.

#2. Don’t be discreet. Be diligent

This is an important thing to take care of. Always be cautious and never let your intimacy add to your ago. Never seek favours from your boss just because you are dating him or her. Handle competition at your level just as you would have done otherwise. Ensure you do not spend too much time at your boss’s desk/cabin.

#3. Limit the favours

Avoid taking limits from him or her that are not on your performance. Remember, if you do so, you will become a villain in the eyes of co-workers in no time. Every move you make towards success will be aligned to your romantic relationship with your boss. So, avoid it as much as possible. In doing so, not only are your efforts ignores but also strips off all your credits. It is a bad idea to expect any favours from anyone, especially in the reporting structure.

#4. Maintain respect and equality

Unless and until you are some vamp, try and keep as much respect as possible in your relationship. Always remember to keep the require distance while in office and especially during the business meet. Just because you are dating him or her in your personal life, do not treat the person casually at a workplace. Do give him or her the due respect he or she deserves.

Understand that dating your immediate boss at the same workplace can have certain perils. You have to know how to deal with office gossips as keeping these things under wrap is not always possible. However, if you know your boundaries and are ready to draw the necessary lines, the overall relationship can turn out to be fruitful, and you can end up having a fulfilling lifelong relation.

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3 Lessons I Learnt from Quitting a Full-Time Job without Having Another

Quitting a full time job

Well, it is the cardinal rule of the global workforce—never quit a job without having another lined up.

However, sometimes choosing to walk off the beaten track can be a good idea and an enriching experience for some.

Being a professional for more than six years now, I have dawned various job roles spanning across three industries. From content to publishing to KPO, back to publishing; then jostling in a remote startup, followed by online marketing and now a full-time digital media professional, I have learned a lot. Not only have I matured as an individual but grown as a professional as well.

In this short span of my career, I have almost faced it all—right from being laid off (company issues) to being a victim of Queen Bee syndrome to quitting a full time job without any backup plan.

While these experiences might seem (or may not) fascinating to some, there are various bright side and even flip side to it. However, I would ideally focus on the last part—that is what I have learned by quitting a full time job without any backup plan.

Looking back, I can vouch that leaving job without another job, while probably might not have been the wisest decision to make. Nonetheless, it did teach a lot of life in general. Whether you call it stupid, impulsive or courageous, at the least it was educational.

Three major life lessons I learned (after quitting a full time job) are explicated in the paragraphs below:

Quitting a full time job
Img. Src. Chicagoland Real Estate

#1. Uncertainty can be exciting

Well, for me the uncertainty came as a welcoming change. Somehow, deep down inside I knew that this phase of unemployment would turn out to be fruitful for me and after a while, really it will not be a problem to take up another job after some time.

However, the uncertainty also instilled a sense of excitement and enthusiasm in me. I felt optimistic and happy in pursuing my passions for some time at least. While I must confess it was one of the most anxiety-stricken time of my life, it was also one of the most exhilarating time – devoid of any routine.

#2. Life begins at the end of your comfort zone

True. And I am a living example of that. I realized the support of money being credited to your account every month would stop. I will have to continue living off my savings. There was a big part of me that figured I was suited for that sort of life and career.  I had succeeded in overcoming my worst fears. Jobless, living in a big city all on my own and sustaining on my little savings with an uncertain future. However, I somehow felt safe and contented with myself for getting to do the things I like, such as reading and photography. I was content.

#3. Your career doesn’t define you

Yes. I have realized this the hard way. We all have this inherent tendency to use our professions to define ourselves. But is life all about careers and occupations? I realized our job isn’t who we are—it’s what we do.

Initially, I felt the need to explain people about my decision. But later I realized it does not matter at all. Quitting a full time job was my decision, and it did not matter as to what others thought about my decision. In fact, most people and even my future employers (when I interviewed for them) did not care as to whether I was just sitting idle at home or globetrotting.

Quitting a full time job (for Queen Bee syndrome or office politics) is probably one of the scariest things I have done till date. While I would not go out and blatantly, suggest others test such waters, but the overall experience is worth sharing.

I not only learned a lot but discovered another side of me – the bold and courageous side to face and fight against the odds that professional life can throw at you anytime.

So, if you are thinking of taking your leap of faith any time soon, I hope these lessons embolden you and help you see the light at the end of the tunnel.

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More Jobs for Senior Management Professionals in 2017: Survey Reveals

Jobs

A latest survey on working professionals, conducted by a leading job portal, revealed senior professionals with 20+ years’ of experience will be in high demand among employers this year.

Nilanjan Roy, head of strategy, Times Business Solutions, said that while overall job creation might still remain a challenge, certain sectors will open up positions for senior professionals this year. These include infrastructure, manufacturing, and technology which is likely to boost demand for top professionals since they received a boost from the Union Budget 2017.

Roy went on to add, most of the jobs currently available range between INR 12000 to INR 15000, especially at retail or at call center level. There is a scarcity of well-paid jobs for highly-skilled young engineers who are entering the workforce every year. This percentage of the population needs to be employed, not only to commensurate their skills but also for India to become a true knowledge economy.

Key Takeaways from the report

Jobs
Img. Src. Plum.io

The key takeaways from the report are explained below:

#1. Demand of senior professionals up by 17%

The first takeaway is the demand for senior professionals and individual in the managerial position is much higher than that of mid-level employees. Sectors include law and legal services, biotechnology and pharmaceutical products. Among all the metros, the demand for senior professionals increased the maximum in Bengaluru.

On the other hand, demand for fresh graduates dropped by 10% and practitioners with around two plus years of experience has seen a drop in 7% drop in the last three months.

#2. Legal and law top hiring sector

The legal and law happened to be the top industry in terms of hiring. The demand for working professionals in this domain has increased by nearly 20%. Needless to say there has been an enormous talent demand for experienced legal professionals.

#3. Pharma, biotech and petrochemical professionals also in demand

The next major takeaway happens to be the increased demand for professionals in the domain of pharma and biotech. This segment witnessed a huge demand of 24%. On the other hand, petrochemicals and, oil and gas sector also saw a substantial demand for experienced professionals.

#4. Bengaluru witnessed huge demand for talent pool

Among all the major Indian metros, the city of Bengaluru has experienced a huge demand for professionals not only from the fields mentioned above but also from sectors like IT and ITeS. This was followed by Chandigarh and a surprise entry of Arunachal Pradesh recording a substantial demand for talent pool.

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Source – EconomicTimes

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Automation will claim 47 percent Modern-day Jobs by 2033 – Oxford University Study

Automation

In a recent study conducted by the renowned University of Oxford, it has been revealed that by the year 2033, as many as 47% of job roles will be taken over by automation.

The research focuses extensively on the hospitality industry which is expected to witness several changes in the coming future, including automation. The use of Geo-targeting and Beacons would be widely used within the industry, and this will gradually lead to change that we will get to see.

Geo-technology provides filtered, location-based information from services or devices such as iPhone or Snapchat. With the help of geo-tech, GPS we can get messages to all those people who are close by.

Automation
Img. Src. SHRM

The use of ‘Geo’ technology in the domain of online advertising substantially enhance traffic back to websites. Needless to say that it will be highly suitable for bars, hotels, and restaurants where 94% of retail spending continues to be performed in store.

Geo-technology in this segment will render excellent opportunity to attract prospective clientele who are placed near the store.

Moreover, Beacons, which are usually masts, often make use of Bluetooth, which is engineered to connect with Android and iOS operating system and conveys messages between companies and their customers. It’s somewhat like a metal detector. Suppose, you are within the convenient distance of an active Beacon, then it can send push notifications and even end up communicating with smart devices.

This is followed by the next generation Customer Relationship Management (CRM) systems that will go beyond logging customer data and behaviors. With the help of smart data and social media engagement, CRM providers such as Cluboid offer hotels, restaurants, and bars, a system that reduces time and energy of the administration and also enhances customer engagement. This CMR also makes it possible to engage in various personal experiences of customers, such as their birthdays and their choice in food.

The prediction that automation will eat up a number of jobs continues to be debated all across, and experts have their opinions regarding the same. However, while the prediction seems to turn out to be somewhat accurate in the coming future, the human touch in jobs and recruitment will continue to remain for long.

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Source: EconomicTimes

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Trumped IT Companies Curb Recruitment from B-Schools

Recruitement

While the Islamic world is protesting Donald Trump’s new policies regarding new immigration policies, the Indian hiring scenario is also bearing the brunt of the new president and his policies.

IT companies, ordinarily among the biggest recruiters at B-school campuses, have cut hiring this placement season due to circumstances US President Donald Trump‘s protectionist stance, subdued growth numbers, and increasing automation.

Recruitment in the IT sector has gone down by nearly 20-40 percent this year in Tier II and some Tier I B-School as well. At Management Development Institute (MDI), Gurgaon, IT hiring fell by 26 per cent; at Great Lakes Institute of Management (GLIM), Chennai, it dropped 30 percent; and at Welingkar Institute of Management Development and Research (Mumbai), it’s down by 30-40 per cent.

Hiring
Img. Src. The Indian Express

At one B-School, Infosys recruited only 13 people as compared to 40 people last year; while Dell hired three instead of five and Wipro recruited only five instead of nine last year. This year, at least 30 percent less hiring is expected in the IT industry as compared to last year, said Saveeta Mohanty, associate dean, career advisory services at Xavier Institute of Management, Bhubaneswar (XIMB).

According to a survey, last year, six of the top 10 recruiters by numbers across 26 B-Schools were from the technology space. These included names like Cognizant, Wipro, Infosys, Accenture, IBM and Tata Consultancy Services. However, this time around, the scenario is substantially different.

Earlier, in January it was reported that TCS and Infosys would hire more engineers from their US campus as they brace themselves for more stringent visa norms under the new government. Among Trump’s top election pledges were restricting immigration and bringing jobs back home.

At his inaugural speech, Trump clearly said, he will protect his fellow Americans and ensure a high economic growth. His exact words were “buy American and hire American.”

According to an analyst, studying the IT industry, mentioned that the Trump Effect is there and adding to that is the fact industry is recording a somewhat slower growth rate. Factors such as automation cannot be overruled either.

R Shreenath, director, corporate and career services, Great Lakes, acknowledged proposed protectionist policies of the new US president have affected IT hiring in a big way this year. He said even Great Lakes witnessed a 30 percent reduction in IT hiring numbers as compared to last year. While all regular recruiters like Cognizant, Accenture, and TCS came in for campus recruitment, they hired much fewer job candidates in 2017.

An Infosys spokesperson, however, said: “Hiring from the US may not have an abundant influence on the recruitment numbers in India.”

On a final note, it can be said that the overall hiring in the IT industry has been drastically affected since Donald Trump was sworn in as the President of the United States.

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Source: Economic Times

 

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5 Must-Have Online HR Analytics Courses

HR Analytics Courses

Executing HR analytics is a significant deal for a lot of organisations and people. Most HR professionals struggle with following questions, especially when companies are now more focused on implementing analytics tools within HR systems.

–    What do I need to know?

–    Where should I start?

–    Which are HR analytics courses worth my effort and time?

Today, HR analytics attracts diverse crowd ranging from data analyst and HR managers to professionals. However, it does not implies that every course is equally impressive for everyone.

Therefore, we bring you 5 HR analytics courses online worth contemplating. Let’s take a look.

HR Analytics Courses

1. An overview to R (Data Science)

Doing HR analytics on excel sheets is not only time consuming but has some significant limitations. “R” is an open source tool for data modelling, statistics, and visualisation. It not only provides the conception capabilities but also empowers HR professionals to use statistical techniques efficiently.

Note – No programming background is needed for this course.

Course Details

The first course is “Try R,” which is available online and is free consisting only seven chapters. “Edx” is one platform offers a little more detailed introduction to R. However, the first lesson at Edx is a free while for subsequent chapters (tutorial) you have to pay a fee.

You can access the course here.

2. People Analytics (University of Pennsylvania)

It is an online course offered by the University of Pennsylvania and delivered by three professors. The course will introduce you to four major elements of People Analytics including – Talent Management, Staffing, Performance evaluation, and collaboration.

Course Details

The course takes total eight hours of study, and it is available for free. There is also access to quizzes and Certificate of Completion by the University.

You can access the course here.

3. Fundamental Principles of Human Resources Management (University of Minnesota)

HR analytics is nearly impossible to understand and implement without some basic knowledge of Human Resource Management (HRM). No matter how expert data analyst you are, if you fail to learn the basics of HRM, then it is hard to make sense of your data and results.

The Carlson School of Management (at the University of Minnesota) offers a course to individuals who require experience in HRM.

Course Details

The course is taught by Professor Budd, which include tests, reading materials and completes with an assignment. Every course takes almost twelve hours to complete.

You can access the course here.

4. Data mining using Weka (University of Waikato)

You do need the programming experience for mining the data. Weka is a clickable and visual interface that let you use the mouse instead of having to write in codes (unlike what we do in R).

Course Details

Weka is a free software and prof. Ian Witten from University of Waikato (New Zealand) explains how it works in a series of practical videos. The first half an hour will deliver a basic introduction to data mining algorithm.

You can register for the course online for free. Although, the course opens within selected months in a year. When you apply for this course, University will also send a certification of participation.

You can access the lectures here.

5. The Analytics Edge (MIT)

MIT offers a course on data analytics termed as “Analytics Edge.” The program is categorized in three different elements of data analysis. The primary focus of the course is R, which will be used throughout the program.

Course Details

The course also entails information about linear optimization, regression analysis, clustering, and decision trees and data visualization. Allison O’Hair and Dimitris Bertsimas along seven other professors and Ph.D. students worked on this program.

If your requirement is to analyze a large set of data, this is the course worth considering.

You can access the course here.

There are several other great courses accessible online on HR analytics. However, these are few of the best worth contemplating by HR professionals.

( 222 visits )

6 Things Mentally Strong People Do

Mentally Strong

We do not think about our mental strength unless we experience challenging, tough people and circumstances.

Whether it is dealing with rude colleagues to managing the underappreciated appraisals and other emergencies, life sends forth millions of challenges at us in regular life.

Mental strength does not come by birth. One must practice few habits every day to sail through rough waters and become strong.

Here are 6 habits you should practice every day to become mentally strong.

1. Practice Gratitude

Practice Gratitude

Expressing gratitude, be it big or small can bring a huge difference in your life. Moreover, practising it every day will make your mental muscles joyful.

2. Never Expect

Never Expect

You cannot expect people to be at your disposal or be courteous every day. Mentally strong people understand every individual is different and has a different set of thinking.

Reminding yourself every day not to judge other person and not to expect will make you mentally strong.

3. Exercise

Exercise

It is observed individuals who are mentally tough exercise every day. Working out every day leads you to higher self-esteem and leaves you refreshed. Keeping your body fit keeps your mind fit. When you work out on a daily basis, you notice positive changes in your system. This, in turn, makes you mentally stronger and boost confidence.

4. Turn negative into positive

positive-thoughts-lead-to-positive-results

There will be times when you will physically and mentally exhaust. Take a deep breath and remind yourself “It is Okay”. Now, you need to turn those negative thoughts into positive ones and practice this every day.

5. They forgive

 

Forgive-Forget

Mentally strong people only forgive and forget. They do not wait for your apology. This is one of the best practices to calm your mind and let it go.

6. Firmly believe in your values

Values

Mentally strong people have set of principles and values, and they swear to them. They do whatever is the best as per their values and do not get sidetracked to any temptations.

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