CONTRIBUTE
×

Making a Difference

Success. Failure. Learning. Unlearning. Manager. Boss. Peer. Colleague.
If you have a story to tell, share it with the world of how something made a difference to you, to your organization, to the larger purpose!
Simple hit the button below and share with us.

Contribute
  • US banks postpone job cuts amid corona virus outbreak!

    US banks postpone job cuts amid corona virus outbreak!

    News by Editorial Team 27 Mar 2020

    In a recent development, all the big banks of the US have postponed their decisions about firing their employees, as the coronavirus outbreak has hit their businesses hard. The banks’ executives are not sure how long the outbreak would hurt the economy and are worried about businesses suddenly snapping back. Banks like Morgan Stanley, Goldman Sachs Group Inc., Wells Fargo & Co, Deutsche Bank AG, HSBC Holdings PLC, and Citigroup Inc. on Thursday reassured their employees both privately and through public statements that there would be no job cuts on the table.

     

    read more at Reuters
  • Large employers put various measures amid corona virus!

    Large employers put various measures amid corona virus!

    News by Editorial Team 27 Mar 2020

    The recent guidance offered by the Occupational Safety and Health Administration (OSHA) for employers featured various ways, organizations can fight the global pandemic. The guidance also featured how employers can develop policies and procedures for prompt identification and even isolation of people identified sick or with symptoms.

     

    read more at HRDIVE
  • Global job losses may exceed 25 million: UN officials!

    Global job losses may exceed 25 million: UN officials!

    News by Editorial Team 27 Mar 2020

    According to the UN officials on Thursday, global job losses from the coronavirus crisis could far exceed the estimated 25 million just a few days ago. The officials also revealed US jobless claims have also increased to record levels, clearly displaying the scale of economic disaster. In a recent statement by the International Labor Organization – a UN agency, it was estimated a week ago that the global ranks of jobless would increase between 5.3 million and 24.7 million. 

     

    read more at Reuters
  • Employees confident about remote work amid global pandemic!

    Employees confident about remote work amid global pandemic!

    News by Editorial Team 26 Mar 2020

    According to the Harris Poll for Glassdoor, it was revealed that most of the US employees (about 60%) were confident about their efficiency while working remotely amid the global pandemic breakout. The poll that featured about 1,000 adults had about 67% of respondents saying they would support the decision for indefinite remote working by their employers in response to coronavirus breakout, while about 28% of the respondents revealed that their employers have done nothing in order to curb the spread.

     

    read more at Reuters
  • AMC Theaters places CEO & corporate employees on furloughs!

    AMC Theaters places CEO & corporate employees on furloughs!

    News by Editorial Team 26 Mar 2020

    In a recent development in the coronavirus preventive measures, AMC Entertainment Holdings Inc – the world’s largest theater operator, announced on 25 March 2020 that it has placed its chief executive officer and all of its corporate employees on furloughs to preserve cash during the time of crisis.  AMC spokesperson revealed the move has left the theater with no revenue but with the continuous substantial fixed costs.

     

    read more at HRDIVE
  • CVS Health plans to recruit 50K workers amid COVID-19 crisis!

    CVS Health plans to recruit 50K workers amid COVID-19 crisis!

    News by Editorial Team 26 Mar 2020

    In a recent announcement by CVS Health on 25 March 2020, it revealed in its response to coronavirus pandemic it plans to hire about 50,000 full time, part-time and temporary positions across the country. The announcement revealed job opportunities include positions like store associates, distribution center employees, customer service professionals, and home delivery drivers. The announcement also revealed that the technology-enabled hiring process would include virtual job fairs, virtual interviews, and virtual job tryouts.

     

    read more at HRDIVE
  • Lack of resources put a bummer in soft skills development!

    Lack of resources put a bummer in soft skills development!

    News by Editorial Team 25 Mar 2020

    According to the latest Talespin study released in March, it was revealed while soft skills training is a priority with more than a quarter of HR and L&D professionals, lack of resources and time stand in the way. The study reported about 70% of respondents have placed soft skills as their top three priorities but they also said lack of resources was the major challenge other challenge included difficulty in measuring ROI and insufficient or ineffective training tools.

     

    read more at HRDIVE
  • ThyssenKrupp to slash 3,000 jobs at its steel unit by 2026!

    ThyssenKrupp to slash 3,000 jobs at its steel unit by 2026!

    News by Editorial Team 25 Mar 2020

    ThyssenKrupp – the German elevator-to-car parts conglomerate – has announced a job cut of 3,000 jobs at its steel unit by 2026 as a part of a wage deal it struck with powerful labor union IG Metall. The announcement was made on 25 March 2020 and revealed that the job cuts would be done in a socially responsible way and there would be no forced layoff till 31 March 2026.

     

    read more at Reuters
  • Free programs to ease work-from-home transition amid coronavirus

    Free programs to ease work-from-home transition amid coronavirus

    News by Editorial Team 25 Mar 2020

    Organizations in their initiative to ease the stress of working from home in order to curb the coronavirus outbreak, have shared numerous programs for professionals who are working remotely. Various HR publications have published news and latest updates on the global pandemic. In addition, there are various tools available to aid businesses in order to maintain normalcy during the crisis hour.

     

    read more at HRDIVE
  • Wells Fargo announces special compensation for front-line workers!

    Wells Fargo announces special compensation for front-line workers!

    News by Editorial Team 24 Mar 2020

    In a recent development related to the deadly virus COVID-19, Wells Fargo & Co., joined hands with other US banks to pay out special compensation for its front-line workers amid coronavirus outbreak. The announcement was made in an internal memo seen by Reuters on 23 March 2020. The bank announced front-line workers like branch employees, call-center staff and technology specialists who have been coming to the office while others work from home due to coronavirus outbreak will receive an additional $200 per pay period with effect from 17 April 2020 up to their five paychecks. 

     

    read more at Reuters
  • Singapore Air cuts its capacity by 96% to fight COVID-19!

    Singapore Air cuts its capacity by 96% to fight COVID-19!

    News by Editorial Team 24 Mar 2020

    The global aviation industry struggles to fight the deadly coronavirus outbreak, with the airlines world-over grounding their fleets, putting numerous workers on unpaid leave and seeking state bailouts to survive the current crisis. Singapore Airlines on 23 March 2020 described the pandemic as the ‘greatest challenge’ ever informed that it will cut its capacity by 96% thus grounding almost the entire fleet and also cost cuts on about 10,000 employees because of coronavirus inflicted travel curbs.

     

    read more at Reuters
  • Instacart to hire 300,000 gig workers to meet surge in demand!

    Instacart to hire 300,000 gig workers to meet surge in demand!

    News by Editorial Team 24 Mar 2020

    Instacart – online shopping retail – announced on 23 March 2020 its plan to recruit 300,000 more gig workers to meet the ongoing online grocery demand as the people are forced to stay indoors due to coronavirus outbreak. The retailer added with the cities on lockdown the shoppers are forced to shop and store the necessary items.

     

    read more at Reuters
  • Lack of online security leaves organizations vulnerable!

    Lack of online security leaves organizations vulnerable!

    News by Editorial Team 23 Mar 2020

    According to The International Association of IT Asset Managers, in order to curb the spread of deadly coronavirus, organizations rushed into the remote work concept without giving proper thought to online security including how to secure their most sensitive data, and secured Wi-Fi connection. The lack of thought given to secure their online data may leave the organizations vulnerable to the threat of hackers and other cyber-related crimes.

     

    read more at HRDIVE
  • Amazon increases overtime wage for warehouse workers!

    Amazon increases overtime wage for warehouse workers!

    News by Editorial Team 23 Mar 2020

    In a recent announcement by Amazon.com Inc on Saturday 21 March 2020, the retail giant said it would increase the overtime pay for its warehouse workers in the US. The move came in the wake of the fast-growing demands of online shopping from the customers who were stuck at home during the deadly coronavirus outbreak. According to the statement, the hourly workers at the company’s US warehouses would receive double pay post 40 hours for overtime. The rate has increased from 1.5times the rate from March 15 through May 9 the statement revealed.

     

    read more at Reuters
  • Workplace transformation need equal CHROs participation!

    Workplace transformation need equal CHROs participation!

    News by Editorial Team 23 Mar 2020

    The recent report by Infosys Knowledge Institute survey reveals CEOs are the most influential individuals in driving a workplace transformation plan, ousting the role of CHROs in any such planning. The report revealed only about three percent of CHROs were behind the influential transformation decision, while about only a handful of CHROs only 19% of them contributed to road mapping.  

     

    read more at HRDIVE
  • Tech constraints cripple remote work efforts at the US banks!

    Tech constraints cripple remote work efforts at the US banks!

    News by Editorial Team 20 Mar 2020

    In the recent development, Citigroup Inc. had asked its non-essential workers across North America to keep a hold on logging into its remote access system until 1 p.m. on Thursday 19 March 2020. According to the reliable resources the bank braced for numerous employees starting their work-from-home. The move was meant to minimize the time Europe-based employees and the US-based employees were logged in and also to prevent the system from being hanged. 

     

    read more at Reuters
  • Walmart hires 150,000 workers to accommodate shoppers' demand!

    Walmart hires 150,000 workers to accommodate shoppers' demand!

    News by Editorial Team 20 Mar 2020

    The retail giant Walmart announced on 19 March 2020, the organization will hire more than 150,000 daily hour workers in the US to accommodate the increasing demand of shoppers amid coronavirus pandemic. It also announced that the organization will play a special cash bonus of $300 to full-time hourly employees and $150 to part-time associates. The announcement also stated that the company will also accelerate the next scheduled quarterly bonus for employees.

     

    read more at Reuters
  • Coronavirus affect nine million jobs in the US!

    Coronavirus affect nine million jobs in the US!

    News by Editorial Team 20 Mar 2020

    According to Challenger, Gray & Christmas Inc.’s report – the global outplacement and executive and business coaching firm – the recent estimate of job cuts was at 3,634 as of March 18. The report also shared that more than nine million jobs in leisure & hospitality will be affected by restaurant and bar closures across 13 states and three cities in the US. In another report by the Wall Street Journal, the US Secretary of Treasury Steven Mnuchin revealed that the unemployment rate could hit 20% if no action is taken.

     

    read more at HRDIVE
  • Tesla to cut its staff by 75% amidst lockdown orders!

    Tesla to cut its staff by 75% amidst lockdown orders!

    News by Editorial Team 19 Mar 2020

    In a recent development in the coronavirus outbreak, Tesla Inc is the latest organization that has announced a staff cut of about 75% in the wake of coronavirus lockdown. The move will be initiated at the company-owned lone US assembly plant in California after the initial resistance of an order from the local sheriff. According to the county spokesman, the company was in talks about measures to comply with a regional lockdown to curb the spread of coronavirus.

     

    read more at Reuters
  • Qantas stands down 20,000 workers amid COVID-19 scare!

    Qantas stands down 20,000 workers amid COVID-19 scare!

    News by Editorial Team 19 Mar 2020

    The deadly coronavirus outbreak is affecting the aviation industry globally. With Qantas being another airline that has taken the hit amidst the crisis. The airline in a recent announcement stated that the airline will stand down about two-thirds of its 30,000-strong workforce without pay and will also end international flights. The decision came in the wake of a rescue package of $715 million, unveiled by the government on 18 March 2020. The Union, enraged with the decision, demands that the rescue money for an airline should cover workers’ costs as well.

     

    read more at The Guardian

CHRO Events

Get Notifications with New Trends, Best Practices, More about the Who's Who in HR!