Hiring for certain roles is slow as GitHub prioritizes 'strategic hires'

Hiring for certain roles is slow as GitHub prioritizes ‘strategic hires’

Hiring for certain roles is slow as GitHub prioritizes ‘strategic hires’

Hiring for certain roles is slow as GitHub prioritizes 'strategic hires'

Hiring for certain roles is slow as GitHub prioritizes ‘strategic hires’

GitHub appears to have pulled back on hiring across certain parts of the organization, becoming the latest tech giant to refactor its recruitment strategy in anticipation of an economic downturn. According to reports on Twitter and several candidates TechCrunch spoke with, GitHub has in recent days closed roles that were previously open, canceling interviews and putting applications on hold.

All the candidates received the same email, which cites “an effort to prioritize [GitHub’s] hiring and be strategic about the roles [it continues] to hire for.” There’s no obvious pattern to the outreach. Developers applying for manager- and director-level roles at the Microsoft-owned company in a range of departments and locations, including San Francisco and London, have been impacted.

In a statement provided to TechCrunch, GitHub said that hiring “continues to be a priority” but that it’s prioritizing “strategic hires” that will “increase long-term business impact.”

“We are monitoring the broader economic climate,” a GitHub spokesperson said via email. “We are actively hiring for the positions listed on our careers page and will continue to update that page as our hiring needs evolve.”

The reduction in roles could be related to a broader, expanded hiring slowdown at Microsoft announced this week, first reported by Bloomberg. Microsoft said in an internal email that it would eliminate many open jobs, including in its Azure cloud business and security software unit, while making some exceptions for “critical” positions.

Earlier in the month, Microsoft cut around 1% of its 180,000-person workforce as part of what it called a strategic “realignment.”

Layoffs within the tech sector have accelerated over the past few months as fears of inflation, the war in Ukraine and the lingering pandemic mount. Startups have had to bear the brunt of the impact. But as the unfavorable conditions persist, there’s been a knock-on effect up the corporate totem pole.

The five biggest technology giants in the U.S. — Apple, Microsoft, Meta, Amazon and Microsoft — have collectively lost more than $2 trillion of stock market value this year. As CNBC noted Tuesday, the tech-heavy Nasdaq 100 index closed trading early this week down more than 26% year-to-date, while the Dow Jones U.S. tech sector shed more than 26%.

Oracle is said to be considering a $1 billion cost-cutting initiative that would include thousands of layoffs. Just yesterday, Google said that it would pause all hiring for two weeks after announcing it would slow down its hiring process for the remainder of the year. Meta has reportedly halted hiring across teams and directed managers to “move to exit” any poor performers. And Apple is planning to tap the breaks on hiring and spending at some divisions next year, according to Bloomberg.

Elsewhere, Twitter let go a third of its recruiting team. Tesla has been laying off hundreds of employees over the past month. And Nvidia, Lyft, Snap, Uber, Spotify, Intel and Salesforce have slowed hiring this spring into summer.

Source:| Techcrunch / Github

PERSONAL CRM SYSTEMS - 7 BENEFITS FOR BUSINESSES - 2022

PERSONAL CRM SYSTEMS – 7 BENEFITS FOR BUSINESSES – 2022

7 BENEFITS OF USING PERSONAL CRM SYSTEMS FOR YOUR BUSINESS – 2022

PERSONAL CRM SYSTEMS - 7 BENEFITS FOR BUSINESSES - 2022

PERSONAL CRM SYSTEMS – 7 BENEFITS FOR BUSINESSES – 2022

During a pandemic crisis and economic downturn that has already started and will most probably continue to go even deeper, a question that bugs many managers is how to make the best use of their current resources. One of the answers is by using a system that manages relationships with both existing customers and potential customers, such as CRM (Customer Relationship Management). Whether it is a product or a service, every company should have a clear strategy on how to approach the (potential) client and how to achieve the desired results.

Before you decide to introduce CRM, it’s a good idea to first look at and valorize your current customer access and communication inside and outside the company. Maybe even to consult with an experienced CRM consultant and decide how the system would provide measurable increased business results. Then when you choose to introduce this system into your business, there are various CRM tools or better said CRM business systems on the market, which should support your strategy concerning customers. What are the key points of this system that will be of benefit to you, is best described personal CRM at EngageBay. We will, however, list some of the benefits in the further text.

1. All sectors will use it

Source: webbizinfo.com

CRM can benefit anyone within the company, including sales, marketing, finance, planning, resource management, manufacturing, development, research, logistics, and more. Effective communication – connecting and coordinating departments with each other is one of the best arguments for using CRM. It is suitable for every company and organization, regardless of size, but it is characteristic of everything that the user is in the center of the event, i.e. customer and information about him.

2. Greater security and rationalization

The services of providers that offer web business solutions usually save data regularly, by backing them up to different servers and support the stability and security of services through collocation servers. Outsourcing of services and business systems is an increasingly common practice and brings many advantages, compared to conventional approaches – rarely maintained files on disk. With this approach, your staff is focused on your “core business” and does not waste time supporting and maintaining the business CRM system.

3. Organized customer database and business activities

One of the reasons to use CRM is to have all customer data edited and stored in one place. Such organized data can be qualitatively searched, processed, segmented, analyzed, etc. which makes you ready for everyday business challenges. We can see the overall picture and status of the customer only if at all times we have visible all the activities related to him, both past and open planned activities.

Many CRM solutions are based on a service that you access through a web interface with protected individual user access. The advantage is access to information from anywhere and anytime, allowing you to do business outside the office, on a business trip, or elsewhere. However, special restrictions on external access are possible if you request this from the provider. Also, CRM providers have been allowing access to the system via smartphones as well.

4. Effectively turn opportunities into profits

In addition to an organized database, the CRM system should support notes simply and intuitively and inform you about activities via standard communication media. Thus, activities such as calls, e-mails, offers, contract preparation, complaints, service activities, meetings receive “status” and are not lost, unrecorded, or otherwise missed, thus reducing the risk of missed business opportunities. Planned correspondence and project activities are most often reflected in a better business result thanks to dedicated business CRM systems.

5. Tracking the progress of all employees

Source: businessnewsdaily.com

To establish successful coordination of all employees, modern approaches through the CRM system allow an overview of daily activities and tasks, which is especially important for smaller companies whose employees perform several different functions, and their work depends on the work of others involved. It can successfully bridge communication delays between the front and back offices.

To encourage the fast and efficient performance of daily tasks, employees assign tasks to each other through a common interface and get the right information at the right time related to the client.

The common interface provides insight into the engagement of members of the sales and project team, which enables efficient work, and results in a reduction of frequent meetings and telephone calls, which is directly reflected in costs. With such an approach, sales managers are ready to respond on time to the daily challenges faced by members of the sales team.

6. Automats your business process

Either way, you receive business inquiries (via the website, phone call, e-mail, etc.) CRM allows you to channel and automate your business process. CRM, on the other hand, most often automates sales processes, which gives members more time for active sales.

7. Improves decision making

In CRM, you can set priorities for clients, prepare business activities according to conditions and business indicators, filter them, and process them according to various criteria. Here are some examples of what kind of information a well-established system can offer you:

– reports per market segments and products concerning implemented activities,

– reports on the status of business potentials by sales members, period

– better planning of sales activities, according to past activities

– will help segment customers by demographics, brand loyalty, and shopping habits.

– enables a detailed analysis of the sources of our business opportunities, which are often not reflected in proportion to the effort or money invested, which is important information for business strategists.

Although sales staff often view CRM as just another tool, additional work, or just another way for bosses to track their work, sales managers must not forget that a CRM system is not just software, but a new concept for customer relationship management. By establishing a new approach to sales activities, by applying an appropriate CRM system, the sales function in the company is optimized, and sales tasks are better delegated to contact customers on time.

 

Source:| – Iniwoo.net

 

Sitemap Generators For Faster, More Productive Crawling

Sitemap Generators For Faster, More Productive Crawling

Sitemap Generators For Faster, More Productive Crawling

Ensure more pages are indexed and crawled. Get it done with these top 10 best sitemap generators (with recommendations for every budget).

 

Sitemaps are a powerful tool for SEO pros and webmasters. They help Google and other search engines navigate through a website and find new pages and content.

It’s not guaranteed that search engines will index the content but telling them what pages are important can make a significant difference.

Sitemaps can help you:

  • Get an overview of your website’s structure.
  • See which pages are being crawled by Google and other search engines.
  • Know how frequently the pages are being crawled.
  • Identify pages that are not being indexed.
  • Determine which pages have errors that need to be fixed.

With help from sitemap generators, the search engine crawls of your website will be faster and more efficient.

If you have a small site i.e., less than a few hundred pages, managing your sitemap on your own is doable.

But if you have a medium or large site and regularly add a significant amount of new content, you may want to consider either adding a dynamic sitemap to your site or looking into a sitemap generator.

A dynamic sitemap automatically adds new pages to the sitemap file.

It is usually faster and requires fewer resources than writing to a static file.

Choosing A Sitemap Generator

If you decide on a sitemap generator, many tools are available online – but which one is the best for you?

Here are 10 of the best sitemap generator tools I’ve found for SEO pros:

1. Google Sitemap Generator

This plugin for WordPress creates a sitemap for your website that will be compatible with all Google requirements.

It’s easy to use and works for all sizes of websites.

The plugin also comes with various translations which can be a great add-on.

2. Screaming Frog

One of the most popular crawlers in the SEO community, Screaming Frog can be used to create sitemaps for any size website.

It also offers an XML sitemap generator.

This tool is a bit more advanced and is specifically designed for larger websites.

The XML sitemap generator follows this progression: Crawl The Website > Click Sitemaps > XML Sitemap > Select Pages To Include.

One of my favorite Screaming Frog features is it allows you to create a sitemap from a list crawl.

For example, if you want to check the status codes of a list of URLs and perform a list crawl, you can create an XML sitemap from that list crawl quickly and easily.

3. XML-Sitemaps.com

This sitemap generator tool allows you to create sitemaps for your website quickly and easily.

It also offers a range of features such as support for multiple languages and the ability to include/exclude certain pages.

With the online generator, you can create a small sitemap for up to 500 URLs.

Check for over 130+ common website issues and get special reports about your site’s crawlability, internal linking, speed & performance, and more.

If you need to create a bigger sitemap (up to 1.5M pages), there’s a pro model.

4. Yoast SEO Sitemap Plugin

A popular WordPress plugin that helps you optimize your website for search engines, Yoast SEO also includes a sitemap generator tool that can help you easily create sitemaps for your website.

One of the most appealing features about the Yoast sitemap generator is its set of sensible defaults for what goes into the sitemap – and for excluding many pages that should not be there.

Yoast SEO chooses to break larger sitemaps into smaller sitemaps. Their sitemaps hold up to 1,000 connected URLs.

5. Inspyder

This website software company offers an XML sitemap generator that is super easy to use and can handle complex sites.

It runs on your PC. You can schedule a sitemap generation and receive an email notification when the sitemap is complete, and also get a sitemap in multiple formats – images, video, etc.

6. Slickplan

A website planning company, Slick plan offers a sitemap generator that is easy to use and offers a WordPress plugin.

A valuable feature of Slick plan’s tool is that it allows you to build a sitemap from scratch using drag and drop or start with an existing website by importing its URL, sitemap index file, or Google XML file.

Slick plan’s visual sitemap generator builds easy-to-navigate hierarchical sitemaps to help you present and test a variety of architecture scenarios for web pages.

You can also offer batch editing for large sitemaps that require numerous edits.

Another cool feature of Slick plan is that it gives users the ability to easily import a website into the application from a previously exported XML file.

Additionally, you can export your existing XML website sitemap directly from WordPress and import it into Slick plan.

7. Dyno mapper

This generator gives you a good solution for realizing and displaying the true architecture of a website with interactive visual sitemaps.

Dynomapper’s sitemap is capable of crawling 200K pages per crawl. The sitemap editor enables users to rework the hierarchy, categorize pages, and assign a workflow status to each page.

8. Sitemap Writer Pro

This is a terrific tool for creating sitemaps fast, and for managing large sites that have millions of URLs.

Sitemap Writer Pro offers eight types of sitemaps to properly index your website: Standard Sitemap, Google Image, Google News, Google Video, Google Images, Google Code Search, Google Geo, and Google Mobile.

9. Write Maps

This is another visual sitemap builder that you can use to create a sitemap without investing time in formatting.

One of the great features of Write Maps is that you can export your visual content into a PDF or share it with a unique URL.

You can also upgrade, downgrade or cancel at any time.

  • Price: The monthly plans are free for three sitemaps up to 50 URLs and go up to $29.99 a month for unlimited sitemaps.

10. Octopus.do.

Eating super-fast visual sitemaps is what Octopus.do does best.

You can generate sitemap XML from visual sitemaps and submit it to Google, Bing, and other search engines to improve your visibility and SEO.

Octopus.do offers an interactive flow, taking full advantage of drag and drop.

You can also export your sitemap to various formats including PDF, PNG, TXT, and XML.

  • Price: Free for one project, then all the way up to $120 per month for unlimited sitemaps and projects.

Takeaways

These are the top 10 sitemap generators based on my experience.

There are many others out there, so be sure to do your research to find the one that is right for you.

Make sure it generates a sitemap that is formatted correctly and that you can easily upload and validate.

I’ll leave you with the following time-saving tips.

Sitemap Tips

Always create multiple sitemaps for different sections of your site. This will help you see which sections of your site have issues getting indexed.

The limit of a single sitemap is 50MB (uncompressed) and 50,000 URLs. If you have a larger file or more URLs, you will need to break your list into multiple sitemaps.

Alternatively, you can create a sitemap index file (a file that points to a list of sitemaps) and submit that single index file to Google.

Google does not consider priority in the sitemaps, so placing one URL as a higher priority will not have any impact on indexing.

Once your sitemap is created, place it on the root, add it to your robots.txt file and submit it to Google via Google Search Console.

After you’ve submitted it, watch for any errors, and check to see that the file has been submitted and read successfully.

 

Credit| (searchenginejournal.com)

 

Xpertech-Solutions-Social-media-Updates

Tesla sacks 200 staff in Autopilot division as deep job cuts continue

Xpertech-Solutions-Social-media-Updates

Xpertech-Solutions-Social-media-Updates

Elon Musk shuts down an office in California dedicated to training the AI software

 

Tesla has cut almost 200 staff working on its Autopilot technology as Elon Musk seeks to radically reduce the electric car maker’s costs.

The company has shut down an office in California dedicated to training the artificial intelligence software used by Tesla cars to partially drive themselves.

Mr Musk has said Tesla needs to cut around 10pc of its salaried staff, around 3,500 people, saying he fears an impending recession. The company’s shares have fallen by more than 40pc this year.

Around 400 hourly and salaried staff worked at a Tesla office in San Mateo, focused on manually reviewing footage of the Autopilot software in action, and labeling images to improve its detection of hazards such as other cars, cyclists and pedestrians. Roughly half of those will leave as a result of the office closure.

Autopilot, which automatically keeps cars in their lane and regulates speed, is coming under increasing scrutiny in the US amid a spate of accidents.

Autopilot is under multiple investigations by US authorities after a series of accidents involving emergency vehicles, reports of “phantom braking” and dozens of crashes. Tesla has said crashes per mile in its vehicles are less common when the software is engaged than when no driver assistance features are activated.

The job cuts at Tesla are the biggest in its history. Mr Musk has warned that a recession is “inevitable” and said its new factories in Berlin and Texas are losing billions of dollars, calling them “gigantic money furnaces”. The company has also been hit by lockdowns in Shanghai that have affected production at its factory there.

Tesla staff are suing the company, claiming they were illegally laid off under US laws requiring employees to be paid for 60 days.

Mr Musk has repeatedly made grand promises about Tesla’s self-driving technology, saying its cars will ultimately double as robot taxis that allow owners to make money from them.

Thousands of owners in the US are testing early versions of the software.

 

Credit: Tesla sacks 200 staff in Autopilot division as deep job cuts continue (telegraph.co.uk)

Nigeria Development Update (June 2022):

Nigeria Development Update (June 2022): The Continuing Urgency of Business

Nigeria Development Update (June 2022): The Continuing Urgency of Business Unusual.’

High oil prices present Nigeria’s central bank with a chance to adjust the exchange rate – World Bank

Nigeria Development Update (June 2022):

The World Bank has stated that surging oil prices, being the highest in 9 years, have provided the Central Bank of Nigeria with an opportunity to adjust the exchange rate reflective of market dynamics.

The World Bank has stated that surging oil prices, being the highest in 9 years, have provided the Central Bank of Nigeria with an opportunity to adjust the exchange rate reflective of market dynamics.

This was disclosed by the World Bank in a document titled ‘Nigeria Development Update (June 2022): The Continuing Urgency of Business Unusual.’

The international lender told the Central Bank of Nigeria that timely and consistent monetary policy and exchange rate unification have become critical. The Bank also stated that despite the CBN’s claim of unifying the official exchange rate, the apex bank still supplies FX to at least four windows.

What the World Bank is saying

  • The World Bank stated that clarity on exchange rate policy, and transparency in its management, are necessary to attract more significant capital inflows, including foreign direct investment.

  • Hence, the International lender urged the Central Bank of Nigeria to unify the exchange rate. The bank said, “the benefits of a more effective exchange rate management, with a view towards a unified and market-reflective exchange rate, are more significant than in previous years.“

  • The Bank stated that the time was right for a more flexible exchange rate system, but urged that the pace of adjustment be gradual. “Favorable external conditions (oil prices being the highest in nine years) provide an opportunity to adjust the exchange rate reflective of market dynamics. Allowing further gradual adjustment in the IEFX rate, where the CBN manages the price, would help eliminate misalignment and alleviate persistent FX pressures,” the Bank said.

  • The CBN took steps to unify multiple exchange rates by adopting the IEFX window rate as its official exchange rate in May 2021. However, different windows still exist, and the parallel rate premium continues to climb, reaching 39 percent over the official IEFX rate in March 2022,” the Bank added

The CBN, according to the World Bank, continues to supply FX to at least four windows, sometimes at varying rates: (i) the I&E window; (ii) the secondary market intervention sales retail window; (iii) the small and medium-sized enterprises (SME) window; and (iv) the window for invisible.

Credit:| Ubah Jeremiah Ifeanyi / Nairametrics

Top Networking Trends & Developments 2022

Top Networking Trends & Developments 2022

The networking market is regularly adjusting its hardware and software components to meet the growing data demands of users, both in corporate and residential settings.

Networking use cases and network solutions are expanding as the cloud computing, Internet of Things (IoT), and edge computing markets continue to grow.

Top Networking Trends & Developments 2022

Top Networking Trends & Developments 2022

Learn about some top networking trends that are spearheading or supporting these technological changes in the market:

[5 Top Networking Trends]

1. Enterprise Network Strategy In The User’s Home

The COVID-19 pandemic and changing workforce expectations have led many companies to a more globally distributed remote workforce.

As a result, enterprise networking infrastructure now has to support users in their individual homes.

Drit Suljoti, co-founder and CTO of Catch point, a digital experience monitoring platform provider, explained that consumer-grade networking technology does not always offer the levels of support and visibility necessary for remote work, which is increasingly becoming a problem.

“Organizations across the board have experienced the frustrations and performance volatility that can result from consumer-grade Wi-Fi, VPN clients, and increased dependence on the internet from the employee’s wider household,” Suljoti said. “At the ground level, how can IT support desks ensure they have the necessary visibility into the daily digital life of their remote employees?

“These mission-critical teams need the ability to understand the digital performance of an individual’s device, network, and applications, and the third-party providers they rely on. This is even more essential when employees are working remotely, without on-site support to troubleshoot performance issues.”

Bob Friday, VP and CTO of Mist, Juniper’s artificial intelligence (AI)-driven enterprise business, believes that many companies are starting to respond to this remote work shift by increasing networking security and monitoring in their employees’ remote work environments.

“[A] major shift is in how enterprise-level networking trends are becoming increasingly important for personal users as well,” Friday said. “Whether you’re an executive at a company or you work in a profession that puts you into contact with sensitive information, the continued normalization of remote and hybrid work environments means that enterprise-grade networking and security will move into the home networking space.

“To ensure end-to-end network visibility, reliability, and security, we can expect enterprise-grade networking solutions to begin permeating the remote and hybrid workforce, as enterprise IT teams take an even sharper look at their network edge.”

2. Networking With Remote AI Support

Users and enterprise devices often need technical support that was normally provided in the office.

As remote work continues to become a standard approach, many companies are adopting AI solutions to assist with customer experience (CX) and support requirements of the network.

“More help is needed in managing this critical infrastructure, which is why AI has become a necessity for network management,” said Friday with Mist. “Enterprises and technology providers have already adopted AI assistants in their networking support teams. Cloud AI has enabled a new tech support model, one that has created the volume and quality of data necessary to train AI technologies.

“This AIOps model has led to incredible progress. At present, AI can answer up to 70% of support tickets with the same effectiveness as a domain expert. Eventually, this AIOps technology will move all the way to the end-user.

“And like the average human employee, AI has the ability to learn and improve over time, thus providing a better customer experience consistently and proactively. But unlike the average human employee, that skill and expertise is not lost when they retire or quit. The more that AI is used as part of the IT help desk, the more the technology can improve its answers and, ultimately, the end-user experience.”

3. The Growth Of Intent-Based Networking (IBN)

Networking technology continues to grow more sophisticated. Particularly with the more widespread use of software-defined networking (SDN), intent-based networking is being used more in enterprise networks that want additional business intelligence (BI), configuration management, and other features embedded in their networks.

Eric McGee, senior network engineer at TRGDatacenters, a data center vendor, explained why IBN is helpful to network administrators who want to better understand and manage their networks.

“One important networking technology trend that network engineers need to take note of is the emergence of intent-based networking,” McGee said. “The main role of IBN is to capture business intent and apply these insights across the network, ensuring that network administration is aligned with business intent. In other words, the IBN framework will receive an intent from the business and translate it, or encode it into the configuration of the network, resulting in the desired changes. Now, the network infrastructure is aligned to the business’s current needs.

“IBN also enables the automation of network administrative tasks involved, such as the configuration of networks, mitigation of risks, as well as the reporting and solving of network issues. Implementing IBN as a form of network administration makes the process of creating, managing, implementing, and monitoring network policies easier, simpler, and less labor-intensive. A lot of the manual effort put into traditional configuration management is made redundant when IBN is implemented.”

4. Holistic Networking Offerings

Traditional networking solutions typically require a variety of hardware and software components to work properly. However, as networks continue to evolve their software-defined, cloud, and edge, and solutions, many networking vendors are offering more holistic networking packages to manage every aspect of the network.

Patrick MeLampy, Juniper Fellow at Juniper Networks, a top global networking company, believes that enterprise client-to-cloud connectivity is one of the biggest drivers behind more unified networking packages.

“I’d have to say that there are a few key networking trends that are gaining steam and should be big next year,” MeLampy said. “Enterprise client-to-cloud connectivity service offerings will take off. This means we’ll see Wi-Fi, wired, routing, and security capabilities pulled together, all in one simple offering, making it more efficient and effective for teams to manage ever-expanding networks.”

More on networking offerings: Guide to Network-as-a-Service (NaaS)

5. Managing Network Data With Different Ops Methodologies

With more software- and cloud-based networking solutions used across the board, a number of companies are looking into new ways to manage and read their networking data.

Richard Larkin, manager of North America sales engineering at Net Brain, a next-gen network operations company, believes that the knowledge and approach of different ops teams are particularly applicable to new ways of automating network data management.

“The days of managing networks with SNMP polling and traps as well as syslog data are almost over,” Larkin said. “Many enterprises still leverage these telemetry sources, but it’s not enough. We need a more comprehensive solution harvesting data, from API, CLI, packet, net flow, and other sources, to get the complete picture as well as visibility into SD-WAN, SDN, cloud, and SaaS offerings.

“A trend that I am seeing is the blending and blurring of lines between Net Ops, Sec Ops, and DevOps. With networks becoming more software-defined and cloud-based, organizations are trying to fill the gap with the traditional network monitoring data (SNMP, syslog, etc.) with homegrown solutions using Python, Ansible, and other coding. What would be interesting is if there was an easier way to codify the knowledge of the Net Ops teams that required minimal coding and can be produced in minutes, not hours, days, and weeks.

COPY:| @Datamation

Xpertech-Solutions-Business-News-Naira-Falls

Naira falls at official market despite slight improvement in FX supply

                         Naira falls at official market despite slight improvement in FX supply

The exchange rate between the naira and the US dollar closed at N420.25/$1 at the Investors and Exporters (I&E) window.

Nigeria’s exchange started the week on a negative note as the naira fell against the US dollar by 0.18% to close at N420.25/$1 compared to N419.5/$1 recorded at the end of the previous week. This is despite the 13.97% increase in forex turnover as $122.91 million exchanged hands in the market.

On the other hand, the exchange rate at the peer-to-peer market recorded a slight moderation, gaining 0.01% to trade at a minimum of N605.94/$1 on Tuesday morning as against N606/$1 recorded as of the same time on Monday.

In the same vein, the naira appreciated marginally to N608/$1 on Monday, representing a 0.33% appreciation compared to N640/$1 recorded as of the previous trading session. This is according to information from BDC operators in Nigeria.

Meanwhile, Nigeria’s external reserves depreciated further by 0.07% on Friday, 27th May 2022 to stand at $38.54 billion from $38.57 billion recorded as of the previous day. 

The decline in the external reserve level can be attributed to the continuous intervention by the Central Bank in the FX market in order to ensure the stability of the local currency.

Trading at the official NAFEX window

The exchange rate depreciated by 0.19% on Monday to close at N420.25/$1 from N419.5/$1 recorded on Friday.

The opening indicative rate closed at N418.38/$1 on Monday, 30th May 2022, representing a N0.31 depreciation compared to N418.07/$1 recorded in the previous trading session.

Furthermore, an exchange rate of N444/$1 was the highest rate recorded during intra-day trading before it settled at N420.25/$1, while it sold for as low as N410/$1 during intra-day trading.

A total of $122.91 million in FX value was traded in the official I&E window on Monday, representing a 13.97% increase compared to $107.84 million traded on Friday, last week.

Crypto market update

The crypto market rebounded on Monday as buy sentiment in bitcoin and Ethereum pushed the industry market capitalization above $1.2 trillion. As of 22:42 (WAT), the cryptocurrency market capitalization had gained 6.94% to stand at $1.293 trillion.

Flagship crypto asset and most capitalized crypto-asset gained 7.37% on Monday, sending its price to $31,618.24, while Ethereum recorded a 9.11$ gain to trade at $1,976.18.

In the same vein, Solana, Uniswap, and Luna recorded 5.08%, 13.16%, and 25.39% gains respectively to trade at %47.22, $5.59, and $0.00012786.

Copy| Nairametrics

10 Important Areas to Explore During Your Company’s Mid-Year Check-In

10 Important Areas to Explore During Your Company’s Mid-Year Check-In

Mid-year checks are a great time to revaluate the goals your company made at the beginning of the year and ensure employees and metrics are on the right track. When conducting these check-ins, it’s crucial to look at a few pertinent areas that could hinder your company’s success. To that end, 10 members of Young Entrepreneur Council (YEC) weigh in on the following question:

“When conducting a mid-year check on company goals, what’s one area you’ll want to take a look at, and why? How will this help you gauge your progress?”

Here are their top recommendations.

1. Processes Hindering Employees

“The goal is to understand if any parts of the process are hindering employees from reaching their targets and setting goals. Regular check-ins should be in place, not just mid-year, to consistently evaluate strategies and how the entire team works together. It’s critical to understand if there are bottlenecks in any areas and to optimize how employees meet targets.” ~ Thomas Smale, FE International

2. Mid-Year Successes

“We all know that we need to analyze our goals, evaluate our communication channels and so on, but one area that is often overlooked is reasons to celebrate. Take time to celebrate any mid-year goals you’ve already reached, and recognize yourself and your company for the hard work. Plus, celebrating helps create a winning mindset that will help carry your company forward.” ~ Shu Saito, Fact Retriever

3. Company Culture

“I often think company culture gets overlooked in the midst of mid-year budget and production checks. How is the energy on your team? How are your employees? Mid-year is a great time to take stock of the promises you made at the beginning of the year internally and ensure that your actions match your commitments. Your team is the core of your success, so spend time to make sure they are engaged.” ~ Ashley Sharp, Dwell with Dignity

4. Customer-Facing Communication

“One important area that I like to check is our customer-facing communication. I do a thorough check of our social media content, email newsletters and customer support tickets. This is critical because it helps me find any holes in our communication and make sure our marketing is moving in the right direction. It also gives me the chance to see how customers respond to our marketing.” ~ Syed Balkhi, WPBeginner

5. Your Team’s Performance

“One area to look at is employee productivity. Ultimately, your team’s performance determines how far you go. You can track employee productivity by monitoring their progress on specific projects or goals. Also, check engagement. How connected and motivated are employees to do their work? Consider using surveys, focus groups and interviews to measure

6. Customer Retention and Satisfaction

“I always look at retention and customer satisfaction as the most important metrics. Retention shows us how well we are serving our customers. This results in higher business value and increased loyalty overall. Satisfaction scores like NPS divulge what they’re really feeling and where we can improve. With looming stiff competition, it’s a good challenge for us to retain and satisfy customers.” ~ Candice Georgiadis, Digital Day

7. Your Current Goals’ Progression

“Check on the goals themselves. It’s likely they’ll need to be updated in one of two ways: either scaled back or made more aggressive. This will depend upon current progress. This is the best way to gauge your progress by reviewing what you set out to accomplish in the first place and then acting accordingly.” ~ Andrew Schrage, Money Crashers Personal Finance

8. Your Team’s Happiness

“The first item I look at before the results is how my team is doing. Are they happy (or at least content), and do they still want to be working with me? None of the other goals mean anything if the team is not happy and working toward the same goal together.” ~ Zane Stevens, Protea Financial

9. Cash Flow

“In addition to looking at the profit and loss statement to make sure the company is staying on budget and on target to hit its financial projections for the year, I recommend looking at cash flow, which is the best indicator of your company’s solvency and whether or not you’ll be able to keep your doors open at the end of the year. You always need to have enough cash on hand to pay your bills.” ~ Jonathan Prichard, MattressInsider.com

10. Individual Employee Goals

“Individual employee goals are one thing we check mid-year. We ask employees to log measurable goals with their manager on our HR website and develop plans on how to accomplish them. Then, every quarter during a review, the manager asks the employee how well they performed. If an employee shows they can plan for the long term, that forward thinking can only boost your business.” ~ Duran Inci, Optimum7

 

Credit | @GoogleNews, @SmallBussinessTrends

Solar Industry Stats and Growth Projections in 2022

Solar Industry Stats and Growth Projections in 2022

Solar Industry Stats and Growth Projections in 2022

Solar Industry Stats and Growth Projections in 2022

Solar energy has been a fast-growing industry in America and around the world since the mid-2000s. Here’s a look at how solar power has evolved and where it’s headed in 2022.

The concept of generating energy from the sun goes back to at least the 7th century B.C., when people used it to light fires with magnifying glasses. Then within four centuries, people were lighting torches with a combination of sunlight and mirrors. By the late 18th century, ships used solar ovens for long journeys.

Scientists began to develop solar cells made from selenium in the 1880s. The first silicon-based photovoltaic (PV) cells were developed in 1954 at Bell Labs, the research firm that played a leading role in modern computer technology. The first uses of solar panels were on satellites during the NASA space race in the late fifties.

The main problem with solar energy over several decades was low efficiency, meaning it was difficult to harness much of the sun’s energy with solar panels. From 1957 to 1960, Hoffman Electronics increased solar efficiency from 8 to 14 percent. By the mid-eighties, it jumped to 20 percent, and now entering 2022, it’s up to 33.3 percent.

The U.S. government introduced solar tax credits in 2006, which created a boom in the solar industry. Since then, China has been a major global manufacturer of solar panels, as the price has steadily dropped to affordable levels for homeowners. The cost of solar energy in 1956 was about $300 per watt, including installation. By 2019 panel cost was under 3.00 per watt.

Between 2010 and 2017, the cost of solar-generated electricity dipped for utility companies from 28 to 6 cents per kilowatt-hour, according to the U.S. Department of Energy. This reduction corresponded with a 52 to 16 cent per kWh decline for homeowners. While consumers measure solar power in kilowatt-hours, the top U.S. solar plants measure capacity in megawatts (1 million watts) and annual output in gigawatt-hours (1 billion watt-hours). Today the United States is the world’s number two solar power generator, based on total PV installed capacity in megawatts, but far behind China.

 

SEIA collects data on U.S. solar installations and energy consumption. Other industry metrics are gathered by IBISWorld, which reported that solar industry revenue was $10 billion in 2019. This figure represents an annual growth rate for solar above 36 percent over a five-year period.

The peak year for solar installations so far has been 2016, which was largely due to businesses and residents fearing the Solar Investment Tax Credit (ITC) would expire. Congress then extended the policy through 2022. Installations surged to over 14,000 MW of solar capacity in 2016. The number declined the next few years, but in 2019 experienced more growth, well overall in previous years except 2016. The U.S. solar market is expected to hit $22.9 billion by 2025.

Here are important solar stats released in 2019 by SEIA:

  1. SEIA projects that over the next five years, installations will more than double in solar capacity, surpassing 100 GW by 2022.
  2. Over 10,000 U.S. companies are involved in the solar industry, with the largest employers operating as installers.
  3. About a third of all new U.S. energy installations in 2019 were for solar.
  4. The geography of solar development plays an important role where solar jobs are based, with California as the leader, generating over 26,000 MW versus distant runner-up North Carolina. Other top solar states are Arizona, Texas, Florida, Nevada, New Jersey, and Massachusetts.
  5. Over 242,000 Americans were employed in the solar industry in 2019, which was double the number from 2012.

 

Credit| linchpinseo

Elon Musk’s Dream Came True! Elon Musk Bought Twitter.

Elon Musk’s Dream Came True! Elon Musk Bought Twitter.

The company announced on Monday that it has accepted the Tesla CEO’s $44 billion offer to take the company private. That means the world’s richest person who has a penchant for theatrics and erratic behavior is about to have the power to reshape discourse on a social network used by more than 200 million people every day.

How might Musk wield that power?

Here are some proposals for Twitter that he’s floated.

Elon Musk’s Dream Came True! Elon Musk Bought Twitter.

Elon Musk’s Dream Came True! Elon Musk Bought Twitter.

Loosen up content rules in the name of free speech

The Tesla and SpaceX CEO describes himself as a “free speech absolutist” and has criticized what he sees as excessive moderation on online platforms.

He nodded to these beliefs in his statement announcing the purchase by saying that “free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated.”

Musk has argued that social networks should not remove comments that, while offensive, are still legal. During a recent interview at a TED conference he said, “If it’s a gray area, let the tweet exist.”

Twitter currently bans harassment, abuse and posts that wish physical harm to someone. The platform has other guardrails too, like a prohibition on misinformation related to COVID-19.

Experts who study social networks fret about Musk’s push to loosen the rules of engagement on Twitter. They say that could give license to harassers, trolls and others who abuse the platform to target people.

They also worry relaxing the rules on Twitter will empower those looking to exploit the platform by spreading misinformation, or flat-out lies, about political events, government officials and matters related to public health and safety.

Create an edit button so users can change their tweets

One of the most requested product changes among Twitter users is an edit button.

Unlike Facebook, Instagram and other social media apps, it is not possible to change content on Twitter once it’s published.

Musk has said he supports letting people change what their tweets say, a proposal that has stirred a heated debate among academics, journalists and other heavy users of the platform.

The fear among experts is that adding an edit button feature would be weaponized by bad actors, who could use it to cover up abuse or harassment as if it never happened, or to dupe or manipulate people.

But others say safeguards could be put in place so that tweets could be edited to clean up typos, while also showing a history of how the tweet was edited to preserve the original content.

Open up Twitter’s algorithm to the public

Musk has said that the software that determines what people see and how widely content spreads on Twitter should be cracked open. He supports placing Twitter’s algorithm on GitHub, a site popular with programmers for sharing computer code.

While some advocates of more transparency at social media companies say the that could be a step towards greater openness, others say revealing Twitter’s dense and complicated algorithm to the public would accomplish very little.

A social network the size of Twitter processes billions of pieces of content every day. How and why tweets go viral, and how Twitter’s recommendation system works, is so dense and complex that the company’s own software engineers can be perplexed trying to understand its logic.

Launch a war on ‘bot armies’

Combating the proliferation of bots on Twitter — fake accounts that are programmed to respond to tweets on certain topics — is another change Musk favors.

Musk’s business empire has been known to attract his fair share of bots, including bots supportive of his electric car company Tesla that attack Musk critics.

He has not said he would like to temper those kind of bots, but he has suggested that there should be a crackdown on scammy bots promoting cryptocurrency hustles.

“If our twitter bid succeeds, we will defeat the spam bots or die trying!” Musk tweeted last week, adding that he’d like to “authenticate all real humans.”

Scrap advertisements

Right now, almost 90% of Twitter’s revenue comes from advertising, but the company has struggled to attract advertisers to the platform, which often devolves into political firestorms and ugly online brawls.

With the company going private, it will not be under the same pressure from shareholders to continually grow advertising revenue. Musk has said it should move to a subscription model.

Twitter has already taken some steps in that direction with the introduction last year of Twitter Blue, a premium service that costs $2.99 a month for additional features, like an undo button that allows for tweets to be recalled before they are sent.

Musk has said Twitter Blue should be cheaper, that if people are paying, they shouldn’t have to see advertisements and that the cryptocurrency that started as a joke, Dogecoin, should be an acceptable form of payment for a Twitter subscription.

And a big unknown: Reinstate Donald Trump?

Musk has not publicly said whether he would allow former President Donald Trump back on the platform after the company permanently suspended him for rhetoric that broke its rules and stoked the siege on the U.S. Capitol on Jan. 6.

In an interview with Fox News on Monday, Trump called Musk “a good man,” saying he was pleased with the billionaire’s acquisition, but Trump said he has no plans to try to return to Twitter. Instead, Trump said he will be focusing on his alternative social network known as Truth Social.

At an all-hands meeting on Monday afternoon, a Twitter employee asked CEO Parag Agrawal whether Trump would be reinstated. Agrawal said that was a question for Musk.

In the news in the US media, it was reported that Musk started negotiations with the board of the social media company to buy Twitter. After the news in question, Twitter’s shares traded on the New York stock exchange gained more than 5 percent.

Credit | GlNews:  (gl-news.com)

Search