Be it Intel Corp’s Brian Krzanich or Barnes & Noble Inc. CEO Demos Parneros, when it comes to company policies, the boards seem in no mood of handing a gratuitous leeway. Six weeks in to his CEO shoes and Texas Instruments’ Brian Crutcher is the latest to join the 2 aforementioned names in high profile exits. All over actions incongruous with the official norms. Corporate po
Heavily burdened by a deficit of £13.1 million this year alone, Yeovil Hospital has decided to shift 360 staff members to another firm, Simple Serve. The change has been sanctioned to take place by February 1st. While the hospital authorities state that the staff service would be considered continuous, the members themselves claim that it would have an adverse impact on care.
In a letter addressed to company personnel, Vice Media Inc.’s co-founders admitted that they had “failed” the company. This, emerging from the story that was published by the New York Times wherein more a dozen sexual allegations have been fronted. The company, in the wake of this disaster, has replaced its Head of human resource & introduced a new COO as well.
In a recent tweet, former Ticketmaster CEO Nathan Hubbard pointed out the importance of working through the last weeks of December. Though the post met with some harsh reviews, Hubbard seems to resonate with the increased share of people who will work during holidays. This is backed the study which claims 84% of the offices plan to remain open during festivities.
Steven Scott, an ex-Googler was fired from the company following a stream of women coming forward and reporting him for sexual misconduct. Kristian Lum, whose account of an experience with Scott, has garnered attention, said that the incidents made her exit the academic field. AI, which would soon come to dominate our lives, seems highly plagued by such injustices.
While many Silicon Valley start-ups subsidize food for employees, it is the Mountain View Council’s stand that local restaurant holdings should monetize the opportunity. Hence, as per the law enacted in 2014, enterprises leasing space in the region can subsidize staff meals provided they deal with the surrounding eateries, only. Facebook is the first tenant to move in to the area circumscribed by the law.
Moya Greene, the outgoing CEO of the Royal Mail might not have the best of farewells as the shareholders of the company refuse proposal to hike her compensation package. An overwhelming 70.17% votes said a vociferous ‘No’ at the annual meeting. With controversial past salary disclosures, Royal Mail would consult other representative bodies come autumn, rather than lock horns with their shareholders.
Having spent the last seven years as the Executive Chairman of Alphabet, Eric Schmidt will now serve in the capacity of a technical advisor to the company. Schmidt, whose tenure saw seven successful years at the top feels that “the time is right in Alphabets’ evolution for this transition”. The interim shall see a non-executive chairman in place.
Around 10% of the workforce will receive a pay-boost commencing this fall. The action has been called forth following an introspection of the yester year company policies, something that forced an apology from CEO Mark Parker in his town hall address. Nike’s workplace norms were becoming more of an issue with brand President Trevor Edwards, rumored to have exited the company failing to qu
GMO Internet which already has its fingers in the bitcoin business will now transfer the salaries as bitcoins, that is if its employees choose. The option has been made available to 4000 professionals of the GMO family. Japanese companies along with the bureaucracy show a strong favor of the cryptocurrency wave & such steps reflects their urge to spread awareness of the same.
In a frenzy that has the entire world in its grips, New Zealand’s government organized nation-wide secret Santa gift swapping. Its youngest PM in about a century and a half, Jacinda Ardern participated and received an X-mas tree to mark the occasion. In return to she anonymously sent forward a book and somebody cream which was received by a female citizen, Rebecca Terry.
Repeated failure of National Health Services to staff vacant positions has caused the organization to bleed without healing. As much as 42, 855 nurses, 11, 187 doctors and 12,219 nurse support workers are needed to bring the situation to normal. The situation being so dire, there is a looming danger over the patients who have their reservations regarding their treatment.
Workout programs for employee wellness have either been copy-pasted or reinvented time and again. Perhaps that’s why businesses are increasingly leaning towards the likes of Exos, which remodels fitness programs combining that with post-workout meals. Given that the startup is serving 25 of Fortune 100 companies, it's safe to say, as employers sweat it out in the fight for retention, employees are assured a promising return.
Though a relatively small number, yet, employers are opening up to the possibility of making employee salaries public. Having become a vote-bank political tool, perhaps the awakening of sooner than later has struck U.S employers like CareHere, FogCreek and Hired who plan to reveal the salary brackets for all profiles. It has been argued that transparent pay equities would contribute to the productivity upon justifying the worth of an individua
The recently released “Your Commute” feature on the world’s largest professional network is all set to make “the long commute to work” history for employers and prospective employees. The feature, which integrates with the mobile app, will also feature in job postings on the network and provide the added advantage of showing jobs in preferred locations to candidates. The move is welcomed by the majority as 85% of Americans “would tak
Tact.ai, a CRM centric startup has managed the impossible - to raise money in the same round from the above trio. And understandably so. Tact is aiming to reduce the gulf between data entry and retrieval in a CRM to optimize sales through its voice interface. The business developing function needs much streamlining, seeing that major business imperatives are already being consulted with the AI.
Gender bias couldn’t be more evident in this industry, where among the Fortune 500 companies, 87% of Chief Information Security Officers (CISO) are men. Findings of a study also point to the fact that the CISOs are expected to have an MBA, with an inclination of hiring an executive from outside in 59% of the recruitments.
2,200 jobs from the non-manufacturing global units will get the boot by the troubled toy maker. Part of its cost saving schema also includes auctioning its factory hubs in Mexico. The restructuring raucous is being initiated to save up to $650 million. The downfall of Mattel’s once great customer Toys “R” Us and a lack of movie franchise partnerships have majorly anchored company shares by 9%.
Underpaid and overworked, such is the state in which the drivers employed by a third party agency hired by Amazon are employed in. Complainants claim that their schedule is so heavily packed, that they exceed the maximum-work limit in a day, as per the UK law. The Driving & Vehicle Standard Agency has promised a prompt investigation into the matter.
The social media giant wants to contribute towards this aspect of businesses as the COO, Sheryl Sandburg understands that “the more companies are open about their policies, the more we can all learn from one another”. Sincere efforts reflect in the company’s memorandum that appears to be more stringent than some government legislation.
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