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Indians are going to receive the biggest hikes in the Asia-Pacific next year

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India

Indians are going to receive the biggest hikes in the Asia-Pacific next year, even if it is only going to be a marginal change from this year’s raise.

The 10% raise that  Indians are slated to receive in 2020 won’t be that much different from the actual increase of 9.9% this year, according to the latest salary budget planning report by UK-based advisory firm Willis Towers Watson.

The firm received  around 4,521 responses from 1,128 companies across 20 markets in Asia Pacific, including 337 from India for this report.

 “Though salary increases in the India still continue to be among the highest in the region, companies are taking a cautious approach and do not intend to make any such significant changes from previous years,” said Rajul Mathur, consulting leader of talent & rewards at Willis Towers Watson, said. “Companies are beginning to make selective skill-based compensation adjustments to cater to requirements around automation and digitisation. ”

Gauging the mood

This year, the hiring sentiment is somewhat very worse than the year before. Fewer companies projected a positive business outlook for the next 12 months over the last year.

With this cautious business outlook, the recruitment efforts are also taking a hit. A mere 22% of the organisations in India plan to add to their headcount compared to 29% last year. If anything, seven in the 10 plan to maintain their current headcounts.

Most sectors like chemicals, high tech, and pharmaceuticals can expect salary increases around the average mark of 10%. The energy, financial services, and consumer products sectors stand out for the highest year-on-year growth.

Making money

Importantly, salaries are set to go up across all the career stages in 2020.

Highlighting a continued shift towards  the variable pay, especially at senior management levels, the survey found that actual variable pay at the executive level increased to 30.7% in 2019 from 20.7% a year ago.

“Attracting and retaining the right talent at leadership positions is commanding higher pay increases as the leadership pool continues to be limited. The increase is mostly in terms of variable pay as there is a greater focus on pay for performance,” said Arvind Usretay, director of rewards at Willis Towers Watson. “Companies are also working towards more robust succession planning.”

The survey found that, on average, 25% of the salary-hike budget is being allocated to the top 11.5% of the performers. This implies that for each rupee allocated to an average or below-average performer, Rs2.16 goes to a top performer, compared to about Rs1.3 last year.

Employers are no longer looking at compensation alone as a key retention driver. A re-emergence of employee benefits is underway. “If the last decade was about compensation…the next could well be about ‘purpose-led benefits’,” Arvind said. “With the employee now seen as a consumer, benefits will expectedly become more segmented, flexible, and targeted.”

Fresh engineering graduates, who are finding it increasingly tough to land a job in India’s $160-billion IT industry with each passing year due to lower levels of hiring, may have to deal with another disappointment this year — their starting salaries are unlikely to see a spike anytime in the near future and will largely remain stagnant at their decade-old levels.

According to human resources heads of top companies such as TCS Infosys and Wipro, as well as several recruiters and experts tracking India’s IT industry, India’s largest outsourcing firms are unlikely to revise fresher-level wages, at a time when spending from top customers such as Citigroup and General Electric is declining and IT firms are scrambling to protect their precious margins, amid rising inflation and cross-currency fluctuations.

More worryingly, experts point out, a huge demand-supply imbalance has tilted the odds squarely in favour of the country’s largest software services firms, with only one job available for every five engineers who are graduating from colleges across the country every year.

Read More:Indians to see 10% salary hike in 2020

Know More:AAP wins in Delhi

 

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Latest Updates on Covid-19, new cases and latest data

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Covid-19

Global Pandemic COVID-19 has infected a large proportion of Indian Population. The number of cases reported per day has increased as the country has made its place among the most affected nations by Coronavirus. There are total 12.5M confirmed cases of Coronavirus in the whole world out of which, 850K confirmed cases are of India. 6.89M recovered cases are reported and 560K deaths have taken place in the whole world. Out of this, 535K patients have been recovered in India while 22,674 deaths have taken place in the whole country. The cases are increasing due to the carelessness of public and misusing Unlock at a large scale. Maharashtra is the worst-hit state by the pandemic.

Reaction of ICMR

covid-19(icmr studies)

Indian Council of Medical Research or better known as ICMR has said that there is a delay in peak of the Coronavirus Cases by an estimate of 34 days to 76 days. The reason is the national lockdown experienced in the country. The latest study conducted by the ICMR said that the peak of COVID-19 cases will be in min-November. The Council has also said that there might be no possible vaccine till next year so taking precautions is the best action one can take.

Famous Celebrities affected by Pandemic

Recently, the whole nation received a shock when Amitabh Bachchan was tested positive for Coronavirus. After some time, it came to the limelight that Abhishek Bachchan, Aishwarya Rai Bachchan and their little daughter Aradhya were also tested positive. In a nutshell, whole Bachchan family except Jaya Bachchan is tested positive. Kanika Kapoor was the first celebrity to be tested positive for coronavirus and after her, a lot of celebrities were tested positive for coronavirus. Wajid Khan lost the battle to coronavirus and could not make through it. Recently, Anupam Kher and his brother Raju Kher were also tested positive for coronavirus. Veteran actor Kiran Kumar has also been tested positive for coronavirus. Also, Zoa Morani and Karim Morani have tested Corona positive.

The need of the hour

covid-19(need of the hour)

As we have seen that the number of cases is increasing day by day and India is one of the worst-hit nations by the pandemic. The latest study of ICMR shows that the cases will reach their peak in mid-November so it is important for us to take precautions and practise social distancing as much as possible. Many famous celebrities are even infected by this virus even after so much protection, this makes it clear that even a little bit of carelessness can cause anyone to suffer. According to ICMR, there might not be any possible vaccine so we must practice social distancing and stay indoors as much as possible. Unlock was the only option to keep the economy going but most of the people are misusing it. Instead of taking this pandemic lightly, using masks, practice social distancing and staying doors must be practised more efficiently as Unlock does not mean that the conditions have improved. Only better safety measures can ensure our safety and they should be practised without any excuse.

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COVID 19- ICMR denies the claim that says ‘we will reach the peak by mid-November’

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Covid 19

The ongoing wave of Covid 19 pandemic continues in India while we battle the cases. The good news is that the recovery rate is almost over 50 percentage, with the number of active cases being 2, 86,000 from a total count of 4, 90,000. The death toll has reached 15,301.

In the past weeks, several theories and reports have been published regarding the situation of the Coronavirus spread in India. Amidst all of this, a report was published that said the Covid 19 will attain its peak in mid- November. It was alleged that this research belonged to ICMR, i.e. The Indian Council of Medical Research.

 

What did this report say?

COVID 19- what did the report say

According to the Press Trust of India, this study was carried out by researchers belonging to an Operations Research Group constituted by ICMR. The report claimed that the eight-week nationwide lockdown since March 25th has postponed the peak point of the virus spread by an approx. of 34 to 76 days. It has also aided the reduction in the number of infections by 69% to 97%.

The study said that this has sharpened the healthcare system to boost its avenues to fight the pandemic. It also claimed that if public health measures to combat the virus have an efficiency rate of 60%, the system will hold it up till the first week of November.

However, the research further said, “After that, isolation beds could be inadequate for 5.4 months, ICU beds for 4.6 and ventilators for 3.9 months, projections by the health researchers showed.”

The report established a known fact with the practice of physical distancing and imposition of an efficient lockdown, the above-mentioned shortfall can be 83% less than what it could have been.

“While lockdowns will delay the onset of peak…strengthening the health system response in terms of testing, isolation of cases, treatment and contact tracing…will have to be the mainstay to reduce the impact of the pandemic in India until a vaccine becomes available,” the researchers said.

What was ICMR’S reaction to the report that was alleged to be published by them?

COVID 19- what is ICMR reaction- image position below para 2.

The Indian Council of Medical Research on Monday openly denied this study that predicted India would achieve the peak wave of the Coronavirus cases only by mid-November. ICMR said that it did not carry out this research and publish the findings.

“The news reports attributing this study to ICMR are misleading,” the council said. “This refers to non-peer-reviewed modelling, not carried out by ICMR and does not reflect the official position of ICMR”, said the council.

The allegation was clarified on its Twitter and it dissociated itself from the findings of its study ICMR also mentioned that it is not the official position of the government body.

Also this, PIB fact check confirmed on their Twitter that this information is unauthentic.

COVID 19- what is ICMR reaction- image position below para 5.

“Claim-as per ICMR, the peak of COVID-19 in India is shifted to mid-November when a paucity of ICU beds & ventilators may arise. #PIBFactCheck-The news is misleading. The study to which the report is attributed is not carried out by ICMR & doesn’t reflect the authentic information”, said the tweet.

Meanwhile, what can we do?

Certainly, the lockdown has been lifted with some restrictions and for the revival of the economy. But this does not imply that the pandemic is over. The cases are still on the rise and we have to continue practising social distancing until the scenario is normalized.

It is important to realize the gravity of the situation and not step out unnecessarily if wish to keep the health infrastructure our country intact.

 

 

 

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Finally Some Good News To Cherish, Digital Revenue Of Indian IT Companies’ Crosses $50 Billion

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Indian IT companies data

Globally, Indian IT companies are well known for their performance. However, in 2017, analysts had stated that the Indian Information Technology was unable to respond positively to the advances of technology in the areas of AI/ML, sensors and robotics. Some even predicted its downfall.

Well, it looks like the Indian IT industry won’t give up so easily. Figures from the Indian IT association Nasscom show that these new digital areas have exceeded the $50 billion revenue mark, last fiscal. This amounts to more than a quarter of the total revenue of $191 billion.

Let’s know more

Indian IT companies

India shows tremendous advancement in AI/ML, sensors, and robotics

 The statistics show that in the case of top-notch IT companies the value is even higher. For TCS the digital accounted for 33% of their overall revenues, for Infosys, it accounted for 42%, and for Wipro, it accounted up to 41% of the overall revenue in the same fiscal year.

These numbers are a clear measure of valuable progress. However, since each firm has different parameters to define digital, these numbers cannot be compared.

Indian IT companies data

Since 2012, Nasscom has started breaking out digital. In that year, the value of digital in the sector’s total revenue was only 4%. But as we moved to 2015 and 2016, the value was estimated at $16 billion to $20 billion, a major boost to 11%-14% of the overall IT sector’s revenue.

Know what the experts say on this

Phil Fersht:

The CEO of IT consulting firm HfS Research, Phil Fersht believes that Indian IT companies have established a significant ‘permission to play’ through the years. He feels the secret ingredient of the industry rests in the IT firms’ sheer perseverance, love for technology, and wide-spread entrepreneurship. He said, “Today, many of the Indian IT firms are genuine alternatives to the traditional integration firms such as Deloitte and IBM to perform high-level digital work, a lot higher up the value stack when compared to five years ago.”

“I credit Indian IT talent with a marked improvement in learning new programming languages and becoming strong at mastering low-code software, such as RPA, Salesforce and Pega”, he further adds.

Nirmalya Kumar:

The Lee Kong Chian professor of marketing at Singapore Management University, Nirmalya Kumar said since 2010, the Indian IT industry has recognized the fact that they need to adapt to digital enterprises as all their customers were changing too. The clients need to work on their budgets to resolve the front end issues of digitally connecting with customers via websites and apps, instead of working on the maintenance of the legacy IT infrastructure.

He said, “Client focus had shifted to revenues and customer experience, which meant going digital had become a boardroom imperative.” “And for Indian IT, to make the transformation, digital talent was the constraint, not budgets”, he adds.

Moshe Katri:

The MD at Wedbush Securities, Moshe Katri acknowledges that since the past few years, IT companies in India have extensively taken charge of acquainting employees with new digital technologies, recruiting new employees with advanced knowledge in novel technologies. The companies have also directed sales forces towards digital and cross-selling digital-based projects amidst their existing legacy client base.

Vivek Wadhwa:

A distinguished person from the Carnegie Mellon University’s college of engineering, Vivek Wadhwa, who once criticized the IT industry, today gives a changed opinion. He felt that if India’s IT industry does not wake up and reinvent itself; it would be in free fall. Today, he adds, “But it did wake up from its slumber and launch a series of new initiatives in new industries.”

In his upcoming book, he discusses how companies that comprehend the exponential curves can dominate the future. He also talks about how legacy firms have an upper hand over newly established startups and ‘big equals slow and stodgy’ is a myth. He concludes, “It takes a lot of effort to get them to move, as it did for Indian IT, but when they do, they can move mountains.”

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Sutapa Sikdar Shared An Emotional Love Letter In The Memory Of Irfan Khan

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Irfan Khan

The whole nation mourned as the heartbreaking news of Irrfan Khan’s death surfaced. Many of us took to social media to express our grief and sorrow and pray for the strength for Irrfan’s family – his wife Sutapa Sikdar and two sons, Babil and Ayaan.

Recently, Sutapa released a heart-warming statement not only thanking Irrfan’s fans and doctors for their support but also about how she was blessed to have Irrfan in this lifetime.

How can I write this as a family statement when the whole world is taking it as a personal loss? How can I begin to feel alone when millions are grieving with us at the moment? I want to assure everyone that this is not a loss, it is a gain. It’s a gain of the things he taught us, and now we shall finally begin to truly implement it and evolve. Yet I want to try to fill in the things that people don’t already know.”

Further adding she mentioned:

It’s unbelievable for us but I would put it in Irrfan’s words, “it’s magical” whether he is there or not there, and that’s what he loved, he never loved one-dimensional reality. The only thing I have a grudge against him is; he has spoiled me for life. His strive for perfection doesn’t let me settle for ordinary in anything. There was a rhythm which he always saw in everything, even in cacophony and chaos, so I have learnt to sing and dance to the music of that rhythm, even with my tone-deaf voice and two left feet.”

The whole nation mourned as the heartbreaking news of Irrfan Khan’s death surfaced. Many of us took to social media to express our grief and sorrow and pray for the strength for Irrfan’s family – his wife Sutapa Sikdar and two sons, Babil and Ayaan.

Recently, Sutapa released a heart-warming statement not only thanking Irrfan’s fans and doctors for their support but also about how she was blessed to have Irrfan in this lifetime.

 

“It’s unbelievable for us but I would put it in Irrfan’s words, “it’s magical” whether he is there or not there, and that’s what he loved, he never loved one-dimensional reality. The only thing I have a grudge against him is; he has spoiled me for life. His strive for perfection doesn’t let me settle for ordinary in anything. There was a rhythm which he always saw in everything, even in cacophony and chaos, so I have learnt to sing and dance to the music of that rhythm, even with my tone-deaf voice and two left feet.”

Irrfan was diagnosed with a neuroendocrine tumor in 2018. Talking about how he approached this rare disease, Sutapa wrote,

“Funnily, our life was a masterclass in acting, so when the dramatic entry of the “uninvited guests” happened, I had by then learnt, to see a harmony in the cacophony. The doctor’s reports were like scripts which I wanted to perfect, so I never miss any detail that he sought for in his performance.”

Further adding the details about the journey, Sutapa wrote,

“It’s difficult to explain what a wondrous, beautiful, overwhelming, painful and exciting journey this has been. I find this 2 and 1/2 years to have been an interlude, which had it’s own beginning, middle and culmination with Irrfan helming the role of the orchestra conductor, separate from the 35 years of our companionship, ours was not a marriage, it was a union.”

The statement further read,

“I see my little family, in a boat, with both my sons Babil and Ayaan, paddling it forward, with Irrfan guiding them “wahan nahi, yahan se modo” but since life is not cinema and there are no retakes, I sincerely wish my children sail this boat safely with their father’s guidance in mind and rockabye through the storm.”

 

 

 

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Museums For Virtual Travel In Lockdown

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Museums

Going into a self-quarantine can have many complex issues and complications beyond having enough food and supplies for two weeks. In terms of entertainment, it also probably means you’re in for a lot of boredom, a lot of Netflix, and a lot of browsing the internet.

But there is a way to get a little culture and education while you’re confined to your home. According to Fast Company, Google Arts & Culture teamed up with over 2500 museums and galleries around the world to bring anyone and everyone virtual tours and online exhibits of some of the most famous museums around the world. Now, you get “go to the museum” and never have to leave your couch. Google Arts & Culture’s collection includes the British Museum in London, the Van Gogh Museum in Amsterdam, the Guggenheim in New York City, and literally hundreds of more places where you can gain knowledge about art, history, and science. This collection is especially good for students who are looking for ways to stay on top of their studies while schools are closed.

Take a look at just some of Google’s top museums that are offering online tours and exhibits. Museums around the world are also sharing their most zen art on social media to help people cope with staying home. And if that’s not enough culture for you, New York’s Metropolitan Opera will be offering free digital shows every night at 7:30 p.m. Now you can even go “outside” with incredible virtual tours of some of America’s best national parks.

1.British Museum, London

This iconic museum located in the heart of London allows virtual visitors to tour the Great Court and discover the ancient Rosetta Stone and Egyptian mummies. You can also find hundreds of artifacts on the museum’s virtual tour.

2.Guggenheim Museum, New York

Google’s Street View feature lets visitors tour the Guggenheim’s famous spiral staircase without ever leaving home. From there, you can discover incredible works of art from the Impressionist, Post-Impressionist, Modern and Contemporary eras.

3.National Gallery of Art, Washington, D.C.

This famous American art museum features two online exhibits through Google. The first is an exhibit of American fashion from 1740 to 1895, including many renderings of clothes from the colonial and Revolutionary eras. The second is a collection of works from Dutch Baroque painter Johannes Vermeer.

4.Musée d’Orsay, Paris

You can virtually walk through this popular gallery that houses dozens of famous works from French artists who worked and lived between 1848 and 1914. Get a peek at artworks from Monet, Cézanne, and Gauguin, among others.

5.National Museum of Modern and Contemporary Art, Seoul

One of Korea’s popular museums can be accessed from anywhere around the world. Google’s virtual tour takes you through six floors of Contemporary art from Korea and all over the globe.

6.Pergamon Museum, Berlin

As one of Germany’s largest museums, Pergamon has a lot to offer – even if you can’t physically be there. This historical museum is home to plenty of ancient artifacts including the Ishtar Gate of Babylon and, of course, the Pergamon Altar.

7.Rijksmuseum, Amsterdam

Explore the masterworks from the Dutch Golden Age, including works from Vermeer and Rembrandt. Google offers a Street View tour of this iconic museum, so you can feel as if you’re actually wandering its halls.

8.Van Gogh Museum, Amsterdam

Anyone who is a fan of this tragic, ingenious painter can see his works up close (or, almost up close) by virtually visiting this museum – the largest collection of artworks by Vincent van Gogh, including over 200 paintings, 500 drawings, and over 750 personal letters.

9.The J. Paul Getty Museum, Los Angeles

European artworks from as far back as the 8th Century can be found in this California art museum. Take a Street View tour to discover a huge collection of paintings, drawings, sculptures, manuscripts, and photographs.

10.Uffizi Gallery, Florence

This less well-known gallery houses the art collection of one of Florence, Italy’s most famous families, the de’Medicis. The building was designed by Giorgio Vasari in 1560 specifically for Cosimo I de’Medici, but anyone can wander its halls from anywhere in the world.

11.MASP, São Paulo

The Museu de Arte de São Paulo is a non-profit and Brazil’s first modern museum. Artworks placed on clear perspex frames make it seem like the artwork is hovering in midair. Take a virtual tour to experience the wondrous display for yourself.

12.National Museum of Anthropology, Mexico City

Built-in 1964, this museum is dedicated to the archaeology and history of Mexico’s pre-Hispanic heritage. There are 23 exhibit rooms filled with ancient artefacts, including some from the Mayan civilization.

Sadly, not all popular art museums and galleries could be included on Google Arts & Culture’s collection, but some museums are taking it upon themselves to offer online visits. According to Fast Company, the Louvre also offers virtual tours on its website.

To see more of Google Arts & Culture’s collection of museums, visit the collection’s website. There are thousands of museum Street Views on Google as well. Google Arts & Culture also has an online experience for exploring famous historic and cultural heritage sites.

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