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  The SME sector is a critical nerve centre for the Indian economy, owing to it contributing 30% of India's GDP while turning out a million jobs every year. Most small businesses tend to be entrepreneurial ventures where the promoter has either invested their savings or borrowed funds to start their dream venture. Given their relatively small financial and business size, SMEs are especially vulnerable to risks threatening the venture. Surprisingly, the employees of SMEs do not have health covers or other core property risks like business interruption, fire, marine etc. Lack of awareness, coupled with thin margins, makes insurance a low priority, and business owners often neglect insurances the law does not mandate. While insurance can be an expensive investment in the tight budget an SME runs, it could save huge amounts if a disaster ever strikes. Why Is Insurance Essential For SMEs? Many often view insurance as a complicated and confusing subject matter. Purchasing insurance is no...

  In the high-tech fast-changing world, the nature of work also keeps changing. In the last few decades computers, robots and automation have changed the nature and roles of almost every job. Automation and artificial intelligence are spurring a new revolution, transforming jobs in every industry from IT to manufacturing. According to some studies, about one fourth of the jobs are at risk of being automated across the globe. This trend sometimes makes people nervous about job security. “Increased adoption and evolution of Automation & Artificial Intelligence brings along skepticism of a large number of roles and skills displacement. Instead, automation and AI should be used to evolve job roles and help make human workers more effective,” Arjun Jolly, Principal, Athena Executive Search & Consulting said. However, despite several fears, it is estimated that automation won’t necessarily eliminate jobs but will transform them by taking over simple and repetitive tasks. This wil...

  In today's fast-paced environment, maintaining a decent work-life balance is increasingly important for personal and professional success. Work-life balance is becoming a crucial aspect of self-care while juggling the duties of the workday, home life, and interactions with family members and other loved ones. As the global workforce adjusts to the new normal, they must address the mental health and wellness of employees in order to maintain a work-life balance. Work-Life Balance A healthy work-life balance means different things to different people. Though work-life balance is not a new notion, it is becoming more popular over time. It is not a matter of splitting one's time equally between work and leisure; it is about feeling fulfilled in both parts of one's life. Some examples of a good work-life balance are meeting work deadlines while finding time for friends and hobbies, getting enough sleep, and eating well. Additionally, not worrying about work while at home. Thus...