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Companies are abandoning ‘peanut butter’ raises as pay-for-performance takes over the workplace in the AI era
The hype around so-called “peanut butter” raises that distribute equal payments to every worker is falling flat as AI divides the workplace into super users and stragglers. This disparity between employees challenges the idea behind “peanut butter raises,” which aim to address some of the criticisms with merit raises, namely, that they are subjective and bias-prone, according to Payscale’s report.While across-the-board…
Goldman Sachs’ tech boss says tracking individual AI usage isn’t useful. He just watches how fast his 12,000 engineers move from idea to production
Goldman Sachs chief information officer Marco Argenti thinks monitoring every employees’ AI use is the wrong way to measure whether it’s actually making people more productive.As companies increasingly push employees to adopt the technology to try to spur productivity, Goldman’s Argenti is taking a different approach by measuring how quickly his engineering teams can move from coming up with an…
You’re probably safe from the Hantavirus outbreak, but here’s what you absolutely must not do, experts say
Two scientists working on opposite ends of the hantavirus problem—Dr. Scott Pegan, a virologist at the UC Riverside School of Medicine, and Dr. Marieke Rosenbaum, a veterinary public health expert at Tufts University’s Cummings School of Veterinary Medicine—both say the same thing: don’t panic, but take this seriously.For most of its known history, hantavirus has been a disease of close…
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Understanding the Recent Turbulence in the Indian Stock Market: Causes and Strategies
The Indian stock market has witnessed a period of turbulence, with the…
Namdev Finvest Secures $15 Million in Series B Funding for Expansion Plans
Jaipur-based non-banking financial company (NBFC) Namdev Finvest has secured a fresh infusion…
AWS Invests $9 Billion in Singapore: Boosting Cloud Infrastructure and AI Development
Amazon Web Services (AWS), the company's cloud computing behemoth, has announced a…
Wall Street Receives Reality Check as Powell Dampens Expectations for Rapid Rate Cuts
Jerome Powell sent a clear message to traders anticipating swift interest rate cuts from the central bank: Hold your horses. The Federal Reserve chair, along with the post-meeting statement from…
