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Fix the Problem of Employee Burnout for your Remote Workers

Highlight: Employee burnout has been a major issue and has elevated during the pandemic. Here is how employers can fix the problem of employee burnout.

Employee burnout or job burnout is a psychological process. One that happens due to prolonged stress or excessive workload. Unsurprisingly, it leads to physical and emotional exhaustion.

Employers need to look out for the burnout signs for obvious reasons – it impacts work productivity, and isn’t it the responsibility of an employer to create a positive work environment to avoid burnout in the first place? Since the pandemic, firms all over the world have adopted work from home culture. How then, can employers recognise employee burnout remotely?

Well, remote workers do display these burnout symptoms, provided you’re looking:

Lack of motivation and enthusiasm when a task is assigned.
They show decreased productivity and lack of concentration during work hours.
Inability to make work-related decisions when needed.
Irritable and more sensitive to feedback given by managers.
Decreased energy during meetings or discussions.
Their output goes down, and they perform less compared to their performance early in the pandemic or when on-site.

Job burnout has been pervasive in the market for a long time, and it has spiked since the pandemic. According to Microsoft’s latest Work Trend Index, which surveyed over 6,000 data across eight countries globally, India had the second-highest percentage of workers facing increased burnout in Asia. Almost 70% of remote employees in India suffered burnout symptoms, a recent Monster.com survey found.

Limeade, a software company that surveyed its employees before the pandemic, found that 42% of workers were burned out. When they asked employees about burnout again, a few months after the pandemic, the number had shot up to 72%.

What contributes to remote workers’ burnout?

Unmanageable Workload

When an employee has excessive workload and limited time to complete tasks, stress and anxiety follow. Remote workers often take up loads of work, and some may even procrastinate and work ungodly hours. This deteriorates their mental and physical health leading to job burnout.

Lack of recognition and unfair treatment

Employees of all fields expect primarily two things from their firm – recognition and fair treatment. For all the efforts they put in to complete their work, it is only fair to appreciate and recognise them. Since all the work is done remotely, managers ignore acknowledging their employee’s work efforts.

Mismatched work skills and knowledge

There have been too many remote job vacancies since the pandemic, and graduates apply for these vacancies irrespective of their educational compatibility. When the actual task is given, they feel too stressed and irritated since they don’t possess the skill set for that concerned job.

Workplace buddy time is put on hold.

Employees have a social circle at their workplace, and this helps them relieve personal stress and work stress too. Due to work from home culture, they don’t find the time to converse with their colleagues, and their workplace buddies are put on hold.

Lack of work-life balance

Well, not being able to balance work and life remains an important factor for job burnout. Without time off from work, a person becomes exhausted, bored, depressed, and burnt out. Everybody needs some quality time with their family or friends or even alone time. Even though it is remote work culture, most workers never leave their room until nighttime. They keep themselves busy in finishing the work and ignore work-life balance.

Employers must find a way to eliminate or mitigate burnout to maintain a healthy workspace for the employees, even if it’s WFH. So, it is necessary first to identify burnout signs and then incorporate some tactics to help overcome these issues.

These tactics might help employers/managers/HRs eliminate employee burnout:

1. Providing time off from work can help to have a work-life balance. From a poll conducted by OnePoll,

67% of those working remotely feel pressured to be available at all hours of the day
65% admitting to working longer hours than ever before.
Six in 10 respondents fear that their job would be at risk if they didn’t go above and beyond working overtime.
63% agree that time off is generally discouraged by their employer.

Employers have to make sure their workers develop actual barriers between their work and personal life and have a dedicated workspace to join and leave work. Employees look to their managers for hints about what’s expected in terms of work hours.

If you are constantly available, then your employees will believe they need to be as well. Model a clear work-life balance and encourage your remote team to do the same.

2. Many workplace cultures provide options for taking a vacation and other time away from work responsibilities. This is a productive approach since studies have shown that taking time off to rejuvenate helps boost worker productivity over the long term. Also, remember that if managers/employers don’t take a vacation, employees may not feel comfortable taking vacation either.

3. When you notice an employee is not his usual self and something might be wrong with them as a change of attitude or performance, you can address them and discuss it. Once they open up with you, you can help them in solving the problem in all possible ways you can. By doing so, you will see a decrease in burnout rates in your organization, and your employees will be more motivated.

4. Give employees the chance to connect with coworkers or colleagues and avoid work-related conversations. This allows employees to get to know each other well and provides some relaxation time.

5. Suggest that teams ‘sign off’ from email and turn off work notifications after regular work hours. This helps employees to get back to their personal lives, and work-life conflict is addressed. Because when workers get notified about a new task or any updates in the task after work hours, they tend to complete it and spend working overtime.

6. Workforce management system helped ensure employee safety, wellbeing, and work/life balance during the pandemic. These extra programs and benefits, in addition to the workforce management system, show workers that they are valued and cared for during this time. For instance, fatigue management systems track- hours worked, tasks performed, breaks taken, and time off scheduled to flag employees that may be at risk of becoming exhausted and burned out.

Paul Gionfriddo, president and CEO at MHA, stated “Company leadership–including executives, HR, and management–have a responsibility to their employees to model and talk openly about behaviors that reduce stress, prevent burnout, and help employees establish the appropriate boundaries when working remotely.”

Source

Remote work is believed to remain a norm both during and after pandemics. Employers increasingly have the responsibility to assure their employees’ well-being and take proactive steps to make operational changes. By paying attention to those workers most vulnerable to pandemic fatigue and burnout, managers/employers can build better organizations for their employees.

So next time when employees do take time off, approve it to be completely uninterrupted. If someone is on vacation, avoid reaching out to them with work-related tasks. These measures will allow them to come back more refreshed and productive, which will lead to higher levels of employee satisfaction and better business outcomes.

Investment Guide For The First Jobbers

Highlight: Snap out of your comfort zone – it’s time to start making your own (brilliant) financial decisions. Follow these simple rules of investing if you are a first-time investor.

Investing is essential to achieve your financial goals and secure your future. You save and accumulate a fortune for a rainy day with a perfect investment portfolio. In addition, making regular investments instills a sense of financial discipline in the long run.

Of course, there will be ups and downs. But it’s certainly a better idea to start investing young so that you have decades to ride them out. To be on the road to financial wellness, it’s a good idea to start planning how you can invest your salary, once your basic expenses are met.

Inflation and the Importance of Investing

Inflation, in simple terms, is a surge in the price of goods and services. By decreasing the worth of your money, it reduces your purchasing power. One cannot control the inflation rate. If you want to stay ahead of it, you need to have more money. But money cannot grow on its own.

If you want your money to grow, it has to earn returns, and the best way to ensure this is to invest. Therefore, a robust investment portfolio is necessary to tackle inflation.

For instance, if inflation is at the rate of 8% – you’d require 8% more money than what you have to purchase the same item next year.

Here’s how inflation reduces the worth of Rs 1 lakh over eight years at 8% :

Amount in hand now	Rs 1,00,000
After one year	Rs 92,000
After two years	Rs 84,640
After eight years	Rs 51,322

It is essential to earn inflation-beating returns.

Spend less than you earn

Spending more than what you earn will only leave you in a difficult debt. Spending exactly how much you make means you won’t have any money to tide you over in bad times. Spend less and invest your savings smartly to ensure a livable future awaits you.

Budget it

Record all your income and expenses along with the inflow and outflow. Once you can classify how much you spend on essentials and how much goes to entertainment and miscellaneous expenses, you will cut down on the extras and plan your money better.

Put away 10–20% of your salary to have that money available in case of an emergency, always.

You should also budget to invest this amount in a liquid fund. A liquid fund is a debt mutual fund that invests money in instruments generating fixed-income like FDs, commercial paper, certificates of deposit, around 4%. Invest your savings every month (long-term) and see the magic it can do for you!

Dealing with surplus cash judiciously

You determine your future by planning to deal with surplus cash because you are likely to overspend when you don’t have a plan.

Start with identifying goals like buying a vehicle or planning for retirement. Categorize those goals into short-term and long-term. Goals achievable within 1 to 3 years are essentially short-term, goals that will take more than five years will be long-term goals.

Identify your risk appetite. If you can digest, say, a 25% fall in your investment value, you will be a high-risk seeker. Else, you are a risk-averse investor.

Once you identify your goals and risk appetite, you can select the investment haven conveniently. A risk-averse short-term investor may pick out a portfolio with a more liquid or balanced fund. Conversely, a risk-seeker may go for a diversified equity fund.

Learn about taxation

Learning where and how much your income is going to be taxed is essential. Usually, at the beginning of your career, tax saving is not a priority as your income is not high, and you may not be aware of the taxation rules. But large starting salaries, as well as accelerated income growth in the corporate sphere, are expected.

With attention to detail, you can reduce your taxes, increase your disposable income, and pick investments with low tax incidence. So, keep yourself updated about investment options like ELSS, PPF, and NPS to get maximum tax benefits.

Other than that, many deductions are available in the Income Tax Act under Sections 80C through to 80U.

Take advantage of Section 80C by investing in Equity Linked Savings Scheme as it has the shortest lock-in period. ELSS is a diversified equity fund that helps you achieve your financial goals in the equity market via investment.

You can save taxes up to Rs.45,000 and avail of a deduction of up to Rs.1.5 lakh under this section.

Understand and allocate your Asset

Asset allocation divides your investment portfolio among different asset categories, such as stocks, bonds, and cash, by understanding your needs. It depends primarily on your time horizon and the ability to tolerate risk.

Stocks

A stock, or otherwise known as equities, is a share of ownership in a single company.

Bonds

A bond is essentially a loan to a company or government entity, which agrees to pay you back in a certain number of years while receiving your interest.

Mutual funds

A mutual fund is a mix of investments. It allows investors to purchase a diverse collection in one transaction instead of picking individual stocks and bonds.

Exchange-traded funds

Like a mutual fund, an ETF also holds many individual investments bundled together. The difference is that ETFs trade throughout the day like a stock and one can purchase it for a share price.

The following table summarises the various investment portfolio options:

Plan your Retirement

Healthcare costs are increasing with each passing year. And as time passes, you are more vulnerable to ailments. In the absence of a social security net, you need to have your funds to fund all these expenses.

While planning for retirement, you need to clarify a few points, like deciding an age at which you want to retire and how much money you will need to meet your post-retirement expenses per month.

Suppose that you plan to retire at 60 years, and your monthly estimated expenditure after retirement is Rs 50000. Assuming a rate of return of 12%, you need to contribute a SIP of Rs 2,900 every month for 30 years to accumulate a corpus of Rs 1 crore.

Formulate a plan for the future to keep things in place

Conclusion

If you don’t know where to begin, then take advice from a reliable source. Opt for a Salary Card or get an instant loan to start your life portfolio and your investment journey. It is convenient, paperless, and hassle-free at Fibe.

You need to set long-term agendas for your life, just as you do for your days. Financial objectives involve a lot of commitment and preparation. So, the sooner you begin, the better. Bagging the first job is a milestone achieved. It would be the start of a successful career in a real-world setting, and investing to increase your returns is a much-needed cherry on the cake!

How to Upload Documents on a Personal Loan App: Fibe’s Complete Guide

This guide explains how to upload documents on a personal loan app, covering the exact KYC and income documents Fibe asks for and the step-by-step process to submit them correctly. It also covers what to do if you are self-employed or do not have a salary slip. Most applicants finish the entire document upload in under 10 minutes.

To upload documents on a personal loan app such as Fibe, you need your Aadhaar card, PAN card, address proof and income proof, usually a bank statement or salary slips, in a clear photo or PDF format uploaded through the app’s KYC section. The whole process typically takes under 10 minutes once your documents are ready.
Long gone are the days when applying for a personal loan meant standing in a queue with a folder of photocopies. Fintech lenders like Fibe have replaced that paperwork with a fully digital application, where identity, address and income verification happen through your phone camera and a few taps.

This guide walks you through exactly which documents you need, how to upload them correctly and what to do if you are self-employed or do not have a salary slip on hand.

DID YOU KNOW?

RBI’s Digital Lending Guidelines require regulated digital lenders to verify a borrower’s identity and income through secure digital channels, rather than insisting on physical paperwork wherever a digital equivalent exists. This is why apps like Fibe can approve a loan from uploaded documents alone.

Documents Required for a Fibe Personal Loan

Before you open the app, keep 3 categories of documents ready: identity proof, address proof and income proof. Fibe accepts digital copies for all three, so there is no need to visit a branch or courier anything.

Document Type	Accepted Documents	Format
Identity proof	Aadhaar card, PAN card	Clear photo or PDF
Address proof	Aadhaar card, utility bill, passport	Clear photo or PDF
Income proof (salaried)	Last 3 months’ salary slips, bank statement	PDF preferred
Income proof (self-employed)	Bank statement, ITR, GST registration	PDF

Salaried applicants usually only need Aadhaar, PAN and a bank statement or salary slips. Self-employed applicants may be asked for ITR filings or GST documents instead of a salary slip, since Fibe evaluates income through bank statements and business records in that case.

How to Apply for a Fibe Personal Loan: Step-by-Step Process

Once your documents are ready, the application itself takes only a few minutes. Here is the process from start to finish.

Visit the Fibe website or download the Fibe Personal Loan app, then register with your basic details to set up your account.

Enter your bank account details. Fibe uses this for instant approval and disbursal and most applications are approved within 10 minutes if you meet the eligibility terms.

Upload your Aadhaar card and PAN card as identity proof. You can also verify your identity through the Aadhaar website to authenticate your account.

Upload your remaining documents, address proof and income proof (bank statement or salary slips), as covered in the documents section above.

Set up your Smart Repay plan by choosing your loan amount and tenure. Your EMI is fully customisable to suit your budget.

Real Borrower Example

Ananya, a 27-year-old marketing executive from Pune, applied for a ₹1,50,000 Fibe Personal Loan to cover wedding expenses. She uploaded her Aadhaar card, PAN card and three months’ bank statements as PDFs rather than screenshots, made sure her name matched exactly across documents and received approval within 12 minutes of submitting her application.

PRO TIP

Attach clear photos of your ID proof with no shadows or glare in the background. For bank statements or salary slips, upload the original PDF rather than a screenshot or a photo of a printout – scanned copies and screenshots are the most common reason uploads get flagged for manual review. Keep file sizes under the app’s upload limit and make sure the name on every document matches your registered name exactly, including spelling.

Common Upload Mistakes to Avoid

A few small errors account for most upload rejections. Watch out for these:

Uploading a screenshot of a PDF instead of the original file

Blurry or angled photos of Aadhaar or PAN cards

Name spelling that does not match across documents

Uploading an expired address proof

Submitting a 3 months’ salary slips

WATCH OUT

If your document upload keeps failing, check the file size and format first – most apps, including Fibe, accept JPEG, PNG or PDF under a set size limit. Re-uploading the same blurry photo will not fix a rejection; retake it in good light instead.

Ready to apply? The Fibe Personal Loan offers up to ₹10,00,000 with a fully digital application, flexible tenure and same-day disbursal once your documents are verified. Whether it is a wedding, medical emergency, home renovation or travel plan, you can apply from the Fibe app and track your document status in real time.

FAQs On Personal Loan Documents

1. Which of the personal loan documents can be used as income proof?

You can submit salary slips, a bank statement, income tax returns or Form 16 as income proof. Fibe typically asks salaried applicants for salary slips or a bank statement, while self-employed applicants can use ITR or business bank statements instead.

2. Why are documents required while applying for a personal loan?

Documents let the lender verify your eligibility in terms of income, identity and address before disbursing money. This protects both you and the lender and is a standard part of KYC compliance for every regulated NBFC.

3. What documents are required for a Fibe personal loan?

You need identity proof (Aadhaar and PAN), address proof and income proof (bank statement or salary slips for salaried applicants; bank statement or ITR for self-employed applicants). All can be uploaded directly to the Fibe app.

4. Is Aadhaar card mandatory for a Fibe personal loan?

Yes, Aadhaar is required as both identity and address proof and it also lets you complete KYC digitally through Aadhaar-based verification, which speeds up approval.

5. Can I apply for a Fibe personal loan without a salary slip?

Yes. If you do not have a recent salary slip, Fibe can assess your income using your bank statement instead. Self-employed applicants can also submit ITR filings or business bank statements in place of a salary slip.

6. My document upload keeps failing on the app. What should I do?

Check that the file is a supported format (JPEG, PNG or PDF) and under the size limit. Retake photos in good light without glare and make sure you are uploading the original file rather than a screenshot.

7. Can I upload a photocopy instead of the original document?

A clear photo or scan of the original is fine, but avoid photographing a photocopy of a photocopy, as the reduced clarity often triggers a manual review and slows down approval.

Tips To Land On To Your Dream Job In 2024

Highlight: While job hunting can be a tedious task, you can improve your chances of getting your dream job with certain smart strategies.

The job market has constantly evolved and 2024 has brought new trends and challenges. Whether you are a new graduate or trying to get employed again, the job market can be hard to crack. With the right approach, you can stand above the competition and secure the coveted position you were eyeing for.
To know more about the strategies that can help you get your dream job, read on.

How Do I Get My Dream Job?

Adopting a disorganised approach simply won’t help you make a cut in this highly competitive landscape. Here are 5 manageable tips for job search to present yourself as a top candidate and stand out from other applicants:

Review and Update Your Resume

The most important job-winning tip is to begin your job search on the right foot. This will entail looking for the right jobs in the right places and then submitting applications in the proper format. Here are certain techniques to follow to create a unique resume:

Update your resume with recent accomplishments, newly acquired skills and current job title at least once a year
While your resume must be current and complete, it should also stand out
Customise your resume by emphasising the most relevant skills to the position for which you are applying

Build Your LinkedIn Profile

LinkedIn is a public representation of your professional self as well as an important networking and job search tool. Follow these steps to build a robust LinkedIn profile:

Ensure that your profile photo looks professional and clear
If you don’t have a suitable photograph, hiring a professional photographer to take one for LinkedIn is a financial investment in yourself and your career
Check if the dates and job descriptions on your LinkedIn profile do not contradict those on your CV
If you want to keep your job search private from your employer and coworkers, make sure to turn off the ‘Activity Broadcasts’ in your privacy settings

Build a Strong Network

Networking will be your most useful weapon in 2024. A resume and cover letter will not get you far in searching for the ideal job. Networking frequently allows you to learn about upcoming vacancies that have not yet been advertised. The following are some of the strategies to follow:

Build a professional network, connect with the right people and make acquaintances with key people in your field to gain recognition
Attend networking events, make phone calls, talk to people at social gatherings and spread the word that you are looking for work

Upskill

Your skills, the jack of all trades, will help you win the race in the job market in 2024. To a large extent, modern work culture blurs the distinct differences between job roles. That is why learning more and more about the skills related to your primary job role is extremely beneficial. Follow these tips to acquire new skills to improve your chances of landing a dream job:

Make the most of your free time by learning new skills
Investigate the internet, set up informational interviews, enrol in relevant coursework and make arrangements to work onsite at a company in your chosen field

Get Ahead of the Game

Don’t wait for the stars to align. Instead, apply before a position becomes available. You can contact an organisation to express your enthusiasm for their work and interest in a position, regardless of whether they are hiring or not. This will set you apart and keep you at the top of the list when positions become available. If you’re ready to pursue your dream job, follow this process and doors will open for you.

Make no compromises in your job hunt. It may take some time to get the job you deserve but don’t give up and accept any job that comes your way. Instead, work on improving your skills and abilities to get closer to your dream job. During a job switch, if you are in need of funds, you can access up to ₹5 lakhs with Fibe’s Instant Personal Loan. Download the Fibe Instant Loan App here, or simply log in to our website to avail these funds at competitive interest rates.

FAQs on Tips to Land on Your Dream Job in 2024

How to find a job immediately?

Due to the competitiveness in the job market, it is not easy to secure a new job as and when you need it. However, you can follow these strategies to get a job quickly:

Optimise your resume
Utilise online job bulletins and boards
Widen your network
Acquire new and relevant skills
Follow up with the employer promptly

How do I make sure I get the job?

The following are some of the strategies to ensure that you get your dream job for sure:

Start with a detailed plan for your future career
Widen your network and utilise it to get information about job offers
Apply for the jobs for which you qualify

Workers Now In Search Of Better Jobs And Better Life

Highlight: Read about how the Covid-19 pandemic has caused people to reconsider their work lives, resulting in workers looking for better jobs in order to live a better life.

In 2020, the Covid-19 pandemic disrupted global labor markets. Millions of people were furloughed or lost their jobs in the short term, and others quickly adjusted to working from home as offices closed.

The Covid-19 pandemic has caused many to reconsider their lives and careers, accelerating trends that were already brewing beneath the surface.

We were forced to engage in an experiment to see how we could value our professional dimensions based on factors other than pay, such as quality of life and quality of time with people we care about. These five strategies may be able to assist if you are considering a career change.

Determine what is missing

Making the decision to pursue a career change rather than a new job in the same field is the best course of action. Consider the three Cs:

Competency (basic job skills).
Challenge (being pushed outside of your comfort zone).
Curiosity (you feel genuine intrigue about your work and want to keep learning).

If you are missing just one of the Cs in your current job, you may be able to fill it by looking for a new position within your company or industry. If you are missing more than one C, it is time to consider a career change seriously.

Change your perspective

Determine the top three criteria for your life outside of work, whether it is childcare, elder care, or the ability to live anywhere in the country.

The most common mistake people make is designing how they want to work and then using whatever resources and time are left over to design how they want to live.

You should start by planning how you want to live and then work accordingly. It is critical to consider how you want your life to unfold before you begin looking for work.

Begin planning your switch practically

Consider what your experience can translate to in order to come up with different career options. What are your obstacles? What piques your interest, both professionally and personally?

Once you’ve compiled a list of ideas, consider how you’ll tell your story in the language of your new profession. This entails determining your target audience and making necessary adjustments.

Explore what skills and certifications you may require for a new industry. Talk to other people who are doing the job to get a sense of what it is like on a daily basis.

Network

Make a list of everyone in your network who comes to mind, regardless of industry or whether or not you have a new career plan in place.

You can tell them you’re thinking about making a change during your conversation. You don’t have to provide any other responses, but tell them you’ll keep them updated on your journey. This will help you become more comfortable with networking, and if you decide to pursue a career, you may be able to find someone to assist you.

Update your resume

With career highlights or key experience sections at the top of your resume, you can position yourself for your desired roles right away.

When recruiters receive hundreds of applications, they will look for someone who has previous experience in that role.

Career highlights are most effective for those with more than ten years of experience and a two-page resume. If you have less than that, consider including a section that highlights your technical skills, such as computer software or financial analysis.

It’s also important to note that companies frequently filter resumes based on keywords. In order to pass the applicant tracking system, incorporate language from the job posting into your resume and cover letter.

Bottom Line

Work-life balance entails balancing workplace stress with daily pressures from family, friends, and oneself. Employees today want more control over their lives and a greater say in how their jobs are structured.

Employees who have a greater sense of control and ownership over their own lives have better relationships with management and are able to leave work issues at work and personal issues at home. Employees who are well-balanced are more motivated and less stressed at work, increasing company productivity and reducing conflicts between coworkers and management.

People are reconsidering their work lives as a result of the never-ending pandemic. People have begun to look for better jobs to have a better life, which allows them to maintain a balance between work and personal life, improving their mental state and way of life.

You can use Fibe to search for current job openings and see if anything piques your interest.

Managers looking to elevate team morale and strength and learn about employee loyalty to help your organization grow can follow these steps. You can also learn about financial wellness programs designed to assist employees in the aftermath of this Covid-19 pandemic.

Employee psychology: Why does it matter in workplaces?

Highlight: Employee engagement is defined as “an individual employee’s cognitive, emotional, and behavioral state directed toward desirable organisational objectives.”

Employee performance is a crucial component of total organisational performance in high-performing organisations; thus, it must be managed. Employee engagement is one of the most important factors in promoting high levels of employee performance. HR departments can utilise employee engagement strategies to improve employee well-being and productivity at all levels of the organisation as it encourages all personnel of an organisation to put their best foot forward daily using various measurements, projects, and techniques.

Employee engagement also ensures that each employee is completely dedicated to the company’s vision, goals, and values and that they are encouraged and motivated to contribute to the organisation’s overall success. Employee engagement definitions vary significantly among businesses, based on what is proper and best for their workforce. Engagement, according to Dell Inc. is, “to compete today, companies need to win over the MINDS (rational commitment) and the HEARTS (emotional commitment) of employees in ways that lead to the extraordinary effort.”

Also read: How Do You Build Successful Work Teams?

Psychological aspects

Employee engagement has been intertwined with concepts from work psychology since its start. In psychology, employee engagement is defined as “an individual employee’s cognitive, emotional, and behavioral state directed toward desirable organisational objectives.” Argyris used the phrase “psychological contract” in the early 1960s to refer to employees’ impressions of the employment arrangement. The idea that promises are being kept strengthens commitment and intention to stay with the company. Individuals’ ideas about the terms and conditions of the bilateral agreement between themselves and their organisations comprise psychological contracts. Psychological contracts form when individuals think that their organisation has pledged to give them certain incentives in exchange for their efforts to the organisation.

To explore how people hold job roles, psychologist William Kahn drew on the research of labor roles and organisational socialisation. He used “personal engagement” and “personal disengagement” to describe two opposite spectrum extremes. At the “personal engagement” end, individuals occupy themselves—physically, mentally, and emotionally—in their job position. In contrast, they uncouple and withdraw from the role at the end of the “personal disengagement” stage. What can be done to avoid this?

Organisations can enhance employee loyalty and engagement by understanding psychological factors. Social cohesiveness, feeling supported by one’s supervisor, information sharing, similar objectives and vision, communication, and trust can all impact engagement and productivity.

The advantages to employees and organisations are enormous when

Individual employees’ goals and objectives are aligned with those of the organisations for which they work
They have faith in the organisation’s leaders to chart the right course
They believe the organisation will be successful in the future
They receive adequate support and resources to achieve their objectives
They are more likely to have excellent connections, more positive attitudes, intentions, and behaviors, and better levels of work satisfaction
They believe in what they and their organisations are doing

Also read: The Finance Behind High Employee Engagement

How does an engaged workforce affect the company?

According to a Dale Carnegie research published in 2017, “Only 26% of executives surveyed believe [employee engagement] is a very significant element of what they think about, prepare for, and do daily. Another 42% claim they work on it regularly, with the remainder working on it relatively infrequently, if at all “Never, ever.”

Low engagement can be caused by a variety of causes, including a lack of acknowledgment by management, poor business communication, and a lack of alignment with the firm’s goal. Employee engagement should be viewed as a strategic business goal by corporate executives since engaged employees contribute to long-term employee retention, greater productivity levels, and enhanced job quality.

HR should lead the way in designing, assessing, and evaluating proactive workplace policies and practices that help recruit and retain personnel with the skills and competencies required for growth and sustainability to promote a culture of engagement. Employer activities such as job and task design, recruiting, selection, training, pay, performance management, and career development kick off the process.

Such approaches have an impact on employee engagement as well as work performance. Then, performance and engagement combine to generate business outcomes. Your business must invest in human resource strategies to engage workers and profit from that involvement. However, as with any other investment, you must evaluate future return—that is, you must commit money to the HR practices that you feel will provide the best results.

Employee Engagement: The TLDR Version

To summarise

Employee engagement focuses on being psychologically present in the events that will lead to participation and commitment to the job. It entails immersing oneself in job responsibilities, people, situations, etc.
Employees that are engaged are seen to be passionate and to put in extra effort at work. They continuously demonstrate creativity and commitment.

Employee engagement and commitment can translate into significantly beneficial business results for an enterprise. Common human resource processes like recruiting, training, performance management, and employee surveys can be strong engagement levers. Organisations define employee engagement and measure it in several ways, implying that no one “right” or “best” approach exists to define or drive engagement in your workforce. As a result, while choosing whether HR practices would match your organisation’s goal, it is critical to examine your own organisation’s vision of involvement, as well as its strategy and workforce structure.

Frequently Asked Questions

What is employee engagement meaning?

Employee engagement refers to how devoted and proactive the workforce is about helping the company realise its mission and organisational goal.

What is the aim of employee engagement?

The primary aim of engagement within the workforce is to increase productivity and create a positive work environment. It results in a workforce that does their jobs in alignment with the company’s vision and goals and showcase their best self in the organisation.

What are the three key elements of employee engagement?

Although many elements drive engagement within the company, the three key elements are feedback, recognition and validation.

What are the types of employee engagement?

Different types of employee engagement include emotional, cognitive, and physical engagement.

How can we improve employee engagement?

An organisation can improve engagement within the workforce by developing practices that fulfil employees’ needs while keeping organisational goals and value a priority. Good practices to start off with include fair pay, career development programmes, performance management and perks like financial wellness programs.

Top 4 Benefits of Online Courses to Increase Earning Potential

Online Personal loan for education - EarlySalary

Highlight: Online courses have proved to be an accessible and affordable means of education that may help you land your dream job. Here’s how.

Learning and upgrading your skills continuously is essential to get a competitive advantage. One of the best ways to do this is by taking the benefits of online courses. Online courses have gained a lot of popularity in the recent past for being an easily accessible and affordable means of education.

So, whether you are a fresher and want to pad up your resume or looking for a better job opportunity, here is how doing an online course will help you land your dream job.

Perks of Taking Online Courses

Here are a few benefits you can get when you opt for online courses:

Flexible and Self-paced

These online courses can be done anywhere in the world. You now have the opportunity to do online courses from universities like Harvard and Stanford, without having to actually go there.

In addition to that, if your work schedule is unpredictable, you can pace the course according to your own requirements, as opposed to classroom teaching. These courses let you take the classes at your convenience so that you don’t have to juggle between your work/college and the course.

Less Expensive

Most courses, even the ones by reputed universities, are either free or available at a very low fee. This is done to ensure that access to quality education is not hindered by either financial or spatial constraints.

Helps in Upskilling

The Indian education system may not give you an opportunity to build a specialisation in a niche area, especially the ones which have recently cropped up.

For instance, most law schools in India do not include laws relating to blockchain and cryptocurrency as a part of their general curriculum. So, if you want to build a specialisation in such latest technologies, your best choice is to take up an online course in the area of your choice.

Also, if there’s an area that you may be interested in but is not aligned with your current job requirements, you can learn about it via online courses. Based on that, you can diversify your work profile to make your chances of professional growth better.

Shows Initiative and Potential for Self-learning

An initiative for self-learning by opting for additional online courses may go a long way in making a good impression on your prospective employers.

Such additional qualifications give you an edge over the other candidates and exhibit various qualities to the employer. It sets you apart from the crowd and increases your chances of landing your dream job.

Advantages of Online Education vs Traditional Education

Here’s how online education is more beneficial than traditional learning:

Parameters	Online Education	Traditional Education
Learning Mode	You can study at any suitable location, as you just need a device and a stable Internet connection.	You need to commute to a physical classroom.
Flexible	You enjoy more flexibility, as you can learn at your own pace, whenever suitable.	You need to follow a specific schedule.
Networking	You can connect with your teachers and peers online from anywhere around the world.	You can only network with your teachers and classmates.
Cost of Learning	This is more affordable than traditional education.	This involves higher expenses because of the infrastructure and resources.

Why Online Courses Should Not Be Your Only Option?

While online learning comes with a plethora of benefits, it may not be suitable for everyone. Here’s why:

You get limited guidance, and you’re responsible for your own learning
You can’t communicate with your teachers and peers face-to-face
Your education may be disrupted due to technical issues occasionally
It’s easier to procrastinate in online learning
You need to learn to manage your time well
Too much screen time can be harmful
You may feel a sense of isolation

So, taking the right kind of online courses can really be the final push you need to land your dream job. However, not everyone may have the financial capacity to be able to afford online courses of their choice. The first solution that may come to anyone’s mind is taking an education loan.

However, that may not be a viable idea as it is not available for most online courses and even if it is, it comes with high rates. The solution is very simple. You can get an Instant Personal Loan from Fibe at low interest rates and flexible repayment options.

With this solution, you don’t have to think twice to avail of the benefits of online learning and make your dream job a reality. Download the Personal Loan App here, or simply log in to our website to apply.

FAQs on Benefits of Online Courses

Which online course is best for getting a job?

To upgrade your skills and get a high-paying job, you can do online courses in these areas:

Project Management
Data Analysis
Account Management
Digital Marketing
Artificial Intelligence
UX/UI Design
Web Development
Leadership Skills

Do online courses really help?

Yes, digital courses are a great way to polish and upgrade your skills. You enjoy these benefits:

You learn new skills and concepts

They offer flexibility and allow you to learn at your own pace
Online courses are an affordable alternative to traditional learning
You can learn in a comfortable environment
It eliminates the need to travel or relocate
You can create strong networks worldwide

Do online courses help you update your resume?

Yes, you can boost your employability and earning potential by adding online courses to your resume.

Is it better to do courses online or offline?

Whether online or offline learning is better for you depends on your preferences. Here are some of the pros of online courses that can help you decide:

You get to learn new skills and concepts through online resources

Online courses are generally more affordable than offline learning
You benefit from the flexibility of learning at your own pace
You can learn in a comfortable environment from the comfort of your home
You don’t need to travel or relocate for education
Connecting and networking with peers on a global level becomes easier

Alert! Keep Your Account Safe from Online KYC Scam

Table of contents:

KYC for banks
KYC fraud
Three important tips from SBI to avoid KYC scam
Reporting KYC fraud
FAQs on KYC scam

With the country transforming into a cashless and digitised economy, there has been a rise in digital payments. However, there are some downsides to it as well – the increase in cyber fraud.

One of the most common concerns about banking transactions is KYC fraud. Simply put, KYC (Know Your Customer) is the verification process that banks, financial institutions and insurance companies adopt. With the help of a KYC check, these institutions are assured that your identity and address are valid.

The RBI mandates all digital payments companies, banks and other financial institutions to follow a compulsory KYC check before offering any financial products. With the increasing number of KYC fraud, you may even begin to wonder, ‘Is KYC safe or not?’

Read on to understand how you can avoid falling prey to the KYC scams and a few tips from SBI to ensure safe banking transactions.

KYC for banks

The KYC completion process and updates vary according to the account type and depending on the bank’s risk perception. As a result, KYC becomes critical when performing transactions such as:

Opening bank accounts
Investing in fixed deposits, recurring deposits or mutual fund accounts
Making online investments

Doing a KYC check is essential as it allows banks to ensure that the application and all supporting details received are from a legitimate customer. Banks can easily predict and prevent fraud by ensuring an individual’s identity.

KYC fraud

Since the pandemic, online fraud has increased in the country owing to increased usage of digital platforms such as UPI, mobile wallets and mobile banking applications. This has even led to customers wondering whether KYC is safe or not.

Amidst an increase in the Know Your Customer (KYC) deception, one of India’s largest lenders, the State Bank of India (SBI), has warned its customers of increased online fraud.

In a statement, SBI stated that KYC fraud is real and has spread across the country.

SBI issued a warning to its customers via its official Twitter account, stating that there have been cases of fraudsters duping people with KYC verification.

“KYC fraud is real, and it has proliferated across the country. The fraudster sends a text message pretending to be a bank/company representative to get your personal details,” tweeted SBI.

During the second wave of the Covid-19 pandemic, the bank recently allowed customers to update their KYC via mail or post. As customers were unable to visit the bank branch to complete their formalities due to the pandemic, this step had to be taken.

Three important tips from SBI to avoid KYC scam

Customers can protect their accounts by following three safety tips provided by SBI:

Think before you click any link

Customers must exercise extreme caution before clicking any link, especially if they receive a message stating that failing to click it will suspend their account.

No bank would send links to customers for KYC updation

According to SBI, it never sends any links to customers to update their KYC. However, fraudsters often pose as bank representatives to trick people.

Avoid giving your phone number or any confidential information to anyone

SBI has warned its customers not to share their mobile numbers or other confidential data with any third party.

This is not the first time the bank has tweeted about safety precautions. It has regularly communicated these precautionary measures to its customers. Sharing your ATM PIN, CVV or OTP is strictly prohibited, even with bank officials.

SBI has also advised its customers not to download any mobile apps based on the advice or tips given by unknown individuals. Understand that messages containing OTP/PIN/CVV can be read or tapped even from a remote location.

Reporting KYC fraud

The State Bank of India warns its customers to immediately report any unauthorised or suspicious bank transactions in their accounts. You can use the toll-free customer service numbers 1800-4253-800 and 1800-112-211 if you detect any unauthorised transaction in your bank account.

You may also file a complaint with the National Cyber Crime Reporting Portal, a government initiative to combat cybercrime. Ensure you provide accurate information when filing your complaint so that action can be taken as soon as possible.

There has been an increase in robust digital payments infrastructure with UPI at its core in recent years. The pandemic also highlighted the significance of digital payments. It resulted in a significant shift in consumer behaviour, forcing them to adapt to digital transactions.

However, the convenience that digital transactions provide has its drawbacks. Fraudsters and scammers with a strong understanding of social engineering techniques have used KYC procedures to steal people’s hard-earned money.

They primarily target people who are unfamiliar with these technologies. Hence, It is critical to protect yourself from these KYC scams in order to safeguard your finances, especially when considering a personal loan.

Feel free to get in touch with Fibe (Formerly EarlySalary) for any questions on credit, loans, and your instant cash needs! We’re available throughout to help you manage your financial requirements. Download the instant loan app here, and be a part of the #OneInAMillion experience.

FAQs on KYC scam

What are the different ways in which KYC frauds in India are happening?

KYC fraud may happen in the following ways:

Smishing executed through text messages having unusual attachments or links that misuse the name of genuine companies
Pretending to be bank officials to extract customer KYC details
Phishing performed by collecting customer information using online databases or social media channels
Using someone’s identity when applying for a credit or filing taxes

What is the process to follow to complain about KYC scams in India?

Follow this simple process to complain about KYC scams:

Prepare a summary of the facts giving clear details of the scam
Keep a screenshot of the Email, SMS or any other link sent by the scammer
Collect all the necessary documents for proof, such as your bank transaction statements
Visit the nearest police station and file a complaint by providing clear details of the incident and submitting the relevant documentation
Keep a soft copy of all these papers and submit them to the investigating officer

What is KYC?

KYC is an important process implemented by banks and other institutions to check the authenticity of a customer before providing any financial offerings.

Why is KYC required?

KYC is required as it helps financial institutions assess and verify their customer’s claims related to address and identity. This helps monitor risks and prevent illegal practices.

What are the simple ways to identify KYC scams?

Follow these simple ways to identify KYC fraud:

Avoid clicking on unknown email or SMS links
Check the identity of the banking representative before entertaining them
Refrain from providing your bank account or credit card information
Avoid installing any third-party apps to complete your KYC details

Buy Now Pay Later | Upgrade Your Wardrobe According To The Trend With EarlySalary

Highlight: Here are some fashion trends popular in 2021 that you should try to upgrade your wardrobe and pay off later with Fibe’s personal loan.

The best fashion trends are those that feel comfortable to wear while still appearing to have made just enough effort to do whatever you do during these strange, strange days and nights. Whether it’s daily Zoom meetings and a few necessary errands, the occasional outdoor dinner, weekend park outings, or in-person work, we could all benefit from clothing that makes us feel at ease and comfortable.

We’re all guilty of making poor wardrobe decisions, from hanging on to old clothes that never get worn to panic buying items that won’t get more than one outing. But this does not have to be the case.

Here, we break down some wardrobe resolutions to make right now so you can make space and look your best.

Tractor-inspired boots

From Balenciaga to Zara, it appears that every designer and retailer is taking cues from the humble tractor boot, which had a massive surge in 2021 and will only become more widespread next year. It’s a current fashion trend with an almost comically rounded toe and a thick, rugged sole that looks equally at home under a long dress or a super-short skirt as it does with slouchy sweatpants or leggings. Consider this one of the current fashion trends that is worthwhile to invest in.

Candy-colored sweatpants

Few things can replace your favorite pair of worn-in heather grey and black sweatpants, but demand for sweatpants in a variety of colors, including pastels and juicy bolds, was high this year, a year defined by couch clothing. It’s probably because, once we felt comfortable enough to step outside again, our commitment to comfort didn’t waver, but we still wanted to shop for and wear items that were a little more fun than what typical colored sweatpants imply.

Pay off later - EarlySalary’s personal loan

Shackets

Brushed plaid “shackets” are a hybrid of a shirt and a jacket and are one of the current fashion trends that can be worn anywhere, at any time. They’re heavier than a flannel shirt but not as bulky as a full-on coat, making them ideal for running. They also go well with almost everything you already own, from sweatpants to turtlenecks.

Boiler suits

This one-and-done hero piece has appeared on the runway as well as in your favorite affordable stores this year. It’s simple, cool, and takes the stress out of choosing pants and a shirt because we all have enough on our minds right now. Pro tip: For a more seasonal look, layer a turtleneck underneath.

Tiger print

Tiger stripes appear on everything this year, from cozy knit sweaters and boxy overcoats to prim blouses and dresses for when you need a break from sweatshirts and elastic waists.

Trench coat

A classic trench coat is the ultimate between-seasons outerwear. There hasn’t been a fashion season that hasn’t seen the trench make an appearance, and the most recent shows were no exception.

With its perennially stylish military cut, the trench coat has been a fashion staple since the First World War. The Gabardine fabric also makes the casual trench ideal for rainy days.

Mesh shirts

Mesh tops have taken over the fashion world in 2021. This style, known as the ‘second-skin’ trend, grazes on your body so much that it may as well be a second layer of skin.

No matter the season, the fashion trend is a wardrobe must-have. There are numerous ways to style sheer blouses, sheer shirts, and sheer underlays.

Getting a shopping loan

Shopping is closely associated with positive emotions in us. We always remember the important things to buy while window shopping. You may occasionally run out of funds to replace your old appliances. A personal loan for shopping is a great help in enabling you to buy whatever you want right now while paying off your debts later. The most valued services provided to a customer are instant loan disbursement and getting your loan approved as soon as possible. This has made things easier than they were previously.

Our bank account may not support us, but Fibe (Formerly EarlySalary) will – with no-cost EMI options to make our purchase easier and faster. We don’t have to put off saving any longer.

EarlySalary, in collaboration with the country’s leading online retailers – Amazon and Flipkart – brings affordable shopping to your smartphone. Your loan amount is available for use directly through your Amazon Pay account or Flipkart wallet. In addition, as an Fibe customer, you will receive exclusive discounts during sales. Furthermore, the usual benefits apply, including no paperwork, a pay-as-you-use policy, and flexible repayments in 3 to 6 EMIs.

You can read about the tips and tricks to get an instant personal loan before applying for one.

Happy Shopping with Fibe experience now!

Want to talk to us about credit, loans, and your instant cash needs? We are here, ping us on:

Download the Fibe app here, or log in to our website and be a part of the #OneSmallStep experience

How to Identify and Avoid Personal Loan Scams in India 2026

Worried about personal loan frauds in India? You’re not alone. Loan scams in India are rising as more borrowers opt for instant loans online. This blog will help you understand how personal loan fraud cases happen, the red flags to watch for and how to stay safe.

With digital lending becoming as easy as ordering groceries online, scammers have found creative ways to exploit borrowers. They may impersonate legitimate NBFCs, create fake loan apps, or approach you as fake loan brokers promising guaranteed approval. If you have a low credit score, you are even more likely to be targeted with fake processing fee requests or phishing links.

According to RBI data, 45,613 cases of personal loan frauds amounting to ₹4.92 trillion were reported till March 2021 — showing why vigilance is crucial.

How to Protect Yourself from Personal Loan Scams?

Follow these practical steps to safeguard yourself from loan scams in India:

Phishing

Always check if the lender’s website or app is secure (look for HTTPS). Never click on suspicious links received via SMS, WhatsApp, or email.

Charges

Legit lenders deduct processing fees from the approved loan amount. If asked to pay upfront money, it’s likely a scam.

Offers

Loans are not sold like gadgets, avoid rushing into decisions because of ‘limited period offers’ or ‘flash loan approvals.’

Terms

Read eligibility, interest rate and repayment terms carefully. Vague or unclear terms often indicate personal loan frauds in India.

Verify

Confirm that the lender is RBI-registered via the official RBI website. Cross-check customer support contacts and social media handles. Beware of unofficial WhatsApp/Telegram numbers or lookalike pages.

Identity

Use masked Aadhaar (showing only the last four digits) while sharing documents. This prevents misuse of your details for fraudulent loans.

How to Handle Personal Loan Scams?

If you suspect fraud, act quickly:

Document: Save screenshots, call recordings and transaction proofs

Report: Lodge a complaint with your local police and cybercrime portal (cybercrime.gov.in)

Inform Bank: Block your card/account to stop further misuse

Move Funds: Transfer money to a safe account if your details are compromised

Monitor: Turn on SMS/email alerts, review monthly statements and check your credit report regularly to catch any unauthorised loans early

Why Choose a Trusted Lender?

Opting for a reputed lender reduces your risk of scams. Fibe is a safe platform that offers instant personal loans with transparent charges and no hidden fees. You can get up to ₹5 lakhs in just minutes through the Fibe, a PCI-DSS app-journey based.

Download the app or visit the website today!

FAQs on Personal Loan Fraud

How can I check if someone took a loan in my name in India?

Check your credit report (CIBIL, Experian, Equifax) regularly to detect unauthorised loans early.

Do banks refund scammed money?

Yes, if reported immediately and there is no fault of yours, banks are liable to refund as per RBI rules.

How do I report personal loan fraud?

File a cybercrime complaint, alert your bank and provide screenshots, call recordings and payment proof for faster resolution.