UAE Non-Oil Business Activity Surges to Nine-Month High in December

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 The United Arab Emirates' non-oil private sector recorded its fastest expansion in nine months in December 2024, buoyed by strong domestic demand and increased business activity, according to the latest S&P Global Purchasing Managers’ Index (PMI) report. PMI Highlights Robust Growth The seasonally adjusted UAE PMI climbed to 55.4 in December from 54.2 in November, signaling robust growth well above the 50.0 threshold that separates expansion from contraction. This marked the third consecutive monthly increase, underscoring sustained recovery in the non-oil sector. Key drivers of growth included a notable rise in new business activity. The new orders subindex rose sharply to 59.3 in December from 58.0 in the previous month, reflecting strong domestic demand. Challenges Amid the Growth While domestic demand flourished, export growth slowed, with the export orders subindex dropping to a seven-month low. Additionally, businesses faced mounting backlogs due to capacity constraints,...
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Google Simplifies Performance Reviews & Promotion Process

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Google

Google is developing a new evaluation method dubbed Google Reviews and Development, or GRAD, that is easier and more systematic.

Now onwards, performance reviews will be held only once every year and will be more simplified under this approach. Overall, this will result in better and greater wages.

Google Reviews and Development (GRAD)

Employees can still seek advancement twice with the latest Google Reviews and Development (GRAD) process, which limits reviews to once a year.

Employees and managers put in a lot of effort in the previous process, which included exams, self-assessments, and even 360-degree feedback from coworkers.

 What's Going To Change?

Managers will now be responsible for reviewing performance and awarding promotions, rather than peers, however employees can apply for promotions two times per year.

 Simply put, while Employees may get feedback from their supervisors or managers all year round and may even talk about how their career will improve or expand, they will only be evaluated once a year on their performance.

 The redesigned promotion procedure would require managers/bosses to complete an assessment form declaring whether the workforce possess the necessary skills to be promoted.

 The Latest Review Scale

Google employees will be graded on a new scale that includes five levels of impact. That means employees will be rated on the basis of their contribution. The 5 Impact levels will be following:

1)    Not Enough Impact

2)    Moderate Impact

3)    Significant Impact

4)    Outstanding Impact

5)    Transformative Impact

 Simplified Performance Evaluation

Staff members will no longer be required to complete lengthy paperwork that include reviews from bosses and coworkers.

Employees at Google felt that the previous system for performance evaluation took up too much of their time.

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