Crunching Numbers: The Abcs Of Hdfc Student Loan Calculations – It includes technology, marketing and sales, content, product developers, teachers and contract workers such as testers. While the first two departments have generous benefits, our teachers have been hit the hardest.
As a wave of new job cuts sweeps the edtech sector, laid-off professionals and laid-off workers are the first to find opportunities. Employers, as well as startups that are hiring, are seeing a huge influx of calls and resumes from edtech professionals looking for new jobs, as stress in the industry seems to be increasing.
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Professional consultants say that everyone is willing to take pay cuts of even 20 to 40 percent. At a high level, the metal can also increase, reflected in the value of ESOPs.
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“The edtech sector is not considering the possibility that things may return to normal after the pandemic. They are now suffering the consequences,” said Anshuan Das, managing partner at consultancy Longhouse.
He cited the case of a senior expert in an edtech concern who earned Rs 3 crore in cash with nearly three ESOP subsidiaries. At first you don’t want to depend on your salary, you are ready to settle for a cut.
Every cae has increases of 40-50% when the sector is booming and now we are left high and dry, Das added.
Pranshu Upadhyay, regional director and technology expert based in India, Michael Page, said they have seen a 60% increase in applications from the edtech sector. Laid-off workers are willing to take other jobs with pay cuts of 30 to 35 percent, he said.
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“I think the edtech sector needs to take some pro-employee measures as an outpost for laid-off workers to future-proof their age,” Upadhyay said.
Companies suggest that Edtech has seen around 7,000 layoffs at companies like Byju’s, Uncadey, Vedantu, Lido Learning, and FrontRow as it sees a sharp decline from pandemic heights as the world becomes connected. Companies catering to the K12 department are partially affected, while higher education is better.
Edtech for those hiring and have seen our stability positions also a number of professional approaches to the
Ayak Kuar, co-founder of the online higher education company UpGrad, says an average of five to seven professionals reach Hello every day. upGrad plans to hire more than 1,000 professionals, mostly in sales, over the next two quarters.
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“There’s a reason for the crazy salaries we’re seeing. People are willing to pay a fixed salary, even take cuts,” he said.
Kanika endiratta, senior director of human experience at BrightChaps, said that they are hiring and plan to increase the two full-time employees and also increase the number of teachers from 3,000 to 5,000 in the next 1-1.5 years.
“We’ve seen the edtech people coming around, but exposure alone is not enough. Our recruitment bar is very high,” he said.
While social media is full of offers to help these candidates, recruiters are tight lipped. “We’ve left the good people, but they’re the criminals. We’re a little cautious because it’s often hard to tell the good apples from the bad apples,” said one Edtech CXO.
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Sana Rawal, partner at Passion Connect, a strategic services unit set up by VC Blue Ventures to help the latter’s portfolio companies in areas such as HR consulting services, said they have received a list of 500 people. + sent by today’s edtech. firs, and works with the on outplacent. Say they have seen the play before. They are trying to shift the rest to other portfolio companies they hire, in sectors like SaaS, agritech and hyperlocal execution.
“I don’t see a lot of pay cuts happening except in the top roles, where they are distracted by equity,” Rawal said.
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Canada’s main statistics agency, Statistics Canada, has announced that it will change the way it counts ineligible residents in response to concerns that the current system has missed as many as one million foreign students, workers and others. The decision comes as Canada plans to cap student visas to tackle its housing crisis.
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Canada will change the way it counts illegal immigrants, the main statistics agency, Statistics Canada, said on Wednesday. It comes after an economist said the current policy would have overlooked a million students, workers and other foreigners.
Canada recently said it might consider capping student visas to deal with its growing housing crisis. The decision comes amid a wider debate over the housing affordability crisis, which is blamed on an increase in immigrants and international students driving up demand for housing as rising costs slow construction. has
According to a Reuters report, CIBC capital markets economist Benjamin Tal said the argument for such a limit would be more pressing if the government had actual numbers.
Consistent with its figure, Statistics Canada said it will release new and more detailed data on the ineligible population next month using a revised methodology.
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“We are constantly evaluating and revising our process to account for emerging demographic trends and new data needs,” Statscan said in an emailed statement. Statscan issues non-permanent residents, including people living in Canada, work or study permits, and asylum seekers.
Tal said that Statscan’s new approach helps to better understand the real numbers in the country.
“The basis of any policy in general, and housing policy in particular, is to know the scale, the magnitude of the shortage,” Tal told Reuters in a telephone interview.
More than 800,000 international students with active visas by 2022, according to official data, up from 275,000 in 2012. Canada has rapidly gained popularity among international students in the past since it began easing immigration rules and making it easier to get a work permit to get.
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Parents say that Byju officials abandon their desire to provide their children with the best education and invade their privacy by robbing them in public, pressuring them at home or secretly collecting their data.
Rakesh Kumar was playing with his daughter in a park in northern India one evening in September when two smartly dressed businessmen approached the carpenter and father of three.
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The men said they worked for Byju’s, an Indian education technology company that offers online courses, and collected a 36,000 rupee ($435) scholarship for Kumar’s 11-year-old daughter, saying she was your golden ticket to success .
In a shocking start, Kumar took the men to his home where they interrogated his son for two hours, said he was “weak” academically and forced him to buy the course.
At first he refused because the price seemed unaffordable to work in a shop with his salary of around 20,000 rupees.
“But then they say things like ‘Your daughter will be poor like you’ and ‘You should be ashamed of yourself for preventing her from succeeding in life,'” said the 41-year-old at her workplace in Faridabad. located in the suburbs of Delhi.
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“We’re in a financial mess,” he said, adding that he asked his son-in-law for money in October and wasn’t sure when or how he would be able to repay him.
Kumar’s experience with Bjyu is not unique: a number of Indian customers have posted similar complaints online.
Byju’s, India’s most valuable startup and a household name, has faced many complaints on social media platforms and consumer websites from customers who say they have been exploited and misled, putting their savings in the future.
Twenty-two Byju customers, many from low-income households, told The Word how salespeople targeted them aggressively, including forcing some to pay for training courses, tricking them into taking out loans, and eventually out of pocket
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Most are parents who say Byju staff abandon their desire to provide the best education for their children and invade their privacy by robbing them in public, touching them at home or secretly collecting their details. .
Complaints to Byjus and requests for refunds are generally ignored, leaving customers with little recourse, they said.
The subject also interviewed 26 Byju employees, 18 current and eight former, who described abusive working conditions in which they were often mistreated by managers, actively encouraging them to profile and trick customers and strict compliance.
