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  • THIS COINBASE BOARD EXIT HAS CRYPTO ENTHUSIASTS TALKING

    THIS COINBASE BOARD EXIT HAS CRYPTO ENTHUSIASTS TALKING

    News by Editorial Team 13 Aug 2018

    David Marcus, who’s predilection with the payment technology has engraved his name as a successful entrepreneur, PayPal President, & a high-ranking official of the Facebook’s Messenger Team, has left his seat on the Coinbase board. His decision to avoid “conflicting” priorities has got blockchain aficionados to speculate on Facebook’s entry into the cryptocurrency space. If true, it could prove devastating for still fledgling startups in the industry.

     

    read more at Fortune
  • MOST REWARDING JOB ROLES FOR WOMEN ON WALL STREET, NOT ON WALL STREET

    MOST REWARDING JOB ROLES FOR WOMEN ON WALL STREET, NOT ON WALL STREET

    News by Editorial Team 13 Aug 2018

    For women, portfolio management is best practiced anywhere but on Wall Street. This as per a Morningstar Inc. report. Firms that have employed the maximum women as fund managers are headquartered in San Francisco, San Mateo & Boston. With proven studies showing the correlation between women participation and asset management profitability, Wall Street might need to bull-doze its lackluster recruitment mechanisms which only worsen the non-existence of mentoring avenues.

     

    read more at Bloomberg
  • REVAMPED RECRUITMENT STANDARDS FOR J.P MORGAN TO HELP RECRUIT YOUNG BLOOD

    REVAMPED RECRUITMENT STANDARDS FOR J.P MORGAN TO HELP RECRUIT YOUNG BLOOD

    News by Editorial Team 10 Aug 2018

    The investment bank will be dogged in its attempt to lure talented, young professionals bearing the cost of training, even if that shapes up to become a $10.8 billion tech budget. Standing in face of a war for talent against Silicon Valley, the financial giant will lower its cut-off age for entry-level recruits and be open to offering challenging hands-on projects. J.P hires 1,000 (approx.) first time engineers annually.

     

    read more at Reuters
  • EX-GOLDMAN EMPLOYEE SUES THE COMPANY FOR DEFAMATION AS A WHISTLEBLOWER

    EX-GOLDMAN EMPLOYEE SUES THE COMPANY FOR DEFAMATION AS A WHISTLEBLOWER

    News by Editorial Team 10 Aug 2018

    Christopher Rollins, an ex-high profile executive of Goldman, is blowing the whistle on the company’s alleged shady dealings with the businessman Jim Esposito. The case involves the company dealing a blind-hand of $2 Billion under the noses of its own AML units. The case, lodged in the US District Court of New York, would be contested ‘heavily’ by Goldman. 

     

    read more at Reuters
  • THE TUG OF WAR CONTINUES FOR AN IDEAL BREXIT

    THE TUG OF WAR CONTINUES FOR AN IDEAL BREXIT

    News by Editorial Team 10 Aug 2018

    An appeasing stance by the Confederations of British Industry (CBI) to sound more nationalist reflects the populist Brexit opinion of voters. The director-general of CBI, Josh Hardie, affirmed that a controlled immigrant inflow would be best for the UK. His emphasis lay on prioritizing the British ilk for jobs over European in-comers. The present day workforce distribution is heavily weighed against the natives in many sectors, to keep it politely.

     

    read more at Reuters
  • WORKERS EXCUSING THEMESELVES FOR UNFILLED POSITIONS DESPITE AN EXPANDING ECONOMY

    WORKERS EXCUSING THEMESELVES FOR UNFILLED POSITIONS DESPITE AN EXPANDING ECONOMY

    News by Editorial Team 09 Aug 2018

    The country’s last quarter job openings hit a milestone of 6.7 million, a 17-year high, with the maximum demand for staffing outpouring from the transportation sector. The consumers have an increased capacity to spend but it seems the search for better pay is making employees jump ship between sectors. Spring saw 750,000 more vacancies than last year with employers now focusing on staffing ‘hustling’ recruiters to meet front-line demands in manufacturing & warehousing.

     

    read more at Wallstreetjournal
  • CORRUPTION, CARTEL AND GENERAL ELECTRIC. WAIT WHAT?

    CORRUPTION, CARTEL AND GENERAL ELECTRIC. WAIT WHAT?

    News by Editorial Team 09 Aug 2018

    Hearing what the Brazilian lawyers had to say about GE’s Chief Co. Daurio Speranzini Jr., you might actually start smelling something fishy. GE hired Speranzini on being fired from Philips on account of blacking medical supplies, promoted him through the ranks overtime and is now washing their hands off the act when questioned over moral grounds. Whereas the company has promised cooperation, the question arises – why pick someone with unscrupulous affiliations when there’s no dearth of top talent ready to serve!

     

    read more at Reuters
  • A $22 BILLION PUSH BY SAMSUNG INTO AI, AUTO TECH & 5G

    A $22 BILLION PUSH BY SAMSUNG INTO AI, AUTO TECH & 5G

    News by Editorial Team 08 Aug 2018

    Marred by the political climate of the country due to controversial executive representation, the company has decided to expand on its business offerings. Sanctioning heavy investments in automation and cellular disruptions, the tech giant would create 40,000 new jobs through 2020. If not for the obvious brand positioning objectives, the company was expected to step-up its game for entry into the aforementioned spaces, sooner than later.

     

    read more at Wallstreetjournal
  • INDRA NOOYI CALLS IT A DAY AT PEPSICO AFTER 24 YEARS

    INDRA NOOYI CALLS IT A DAY AT PEPSICO AFTER 24 YEARS

    News by Editorial Team 07 Aug 2018

    Her legacy shall involve a list of accomplishments that established PepsiCo as a household name in the FMCG market. Following Indra’s departure, the total women CEOs in Fortune500 companies snow stands at 23 (5%). Ramon Laguarta, Nooyi’s successor will take the wheel as PepsiCo seeks new direction considering shifting consumer preferences. Lagurarta was voted president last year thanks to his impeccable track record in leading global operations

     

    read more at Reuters
  • NEW YORK vs TRUMP, AS IF YOU DIDN’T SEE IT COMING

    NEW YORK vs TRUMP, AS IF YOU DIDN’T SEE IT COMING

    News by Editorial Team 07 Aug 2018

    The state shall prosecute the Department of Labor for piloting a six-month program which protects employers in cases of inadvertent employee overtime payout violations. If effective, the amendments would untangle companies from paying overtime penalties. NY Attorney general Barbara Underwood criticized the scheme calling to stall the biased reform. New York is one the nine states, to have raised concerns with regards to such a practice.

     

    read more at Reuters
  • UN NEEDS TO INTROSPECT DEEPLY ON EMPLOYEE SAFETY

    UN NEEDS TO INTROSPECT DEEPLY ON EMPLOYEE SAFETY

    News by Editorial Team 07 Aug 2018

    Independent reporting claims the peace keeping organization lacks safeguards to ensure employee safety i.e. if they come forward to share their ordeals of harassment. Of those who were surveyed, 53% claim to have held back on blowing the whistle fearing a lack of job security. This is one of the reasons compelling those who have come forward to go public. Could there be a Weinstein-like epidemic that has been kept from people all this while?

     

    read more at Reuters
  • THE LARGEST JOB CUT BY A SINGLE MINING COMPANY IN RSA

    THE LARGEST JOB CUT BY A SINGLE MINING COMPANY IN RSA

    News by Editorial Team 03 Aug 2018

    Facing the plight of falling prices and mining geological challenges, South African miner, Impala Platinum has decided to bid adieu to 1/3rd of its workforce. This gruesome record would include 13,400 getting the boot over a 2 year downsizing drive. The indigenous platinum industry in the country has collectively been bleeding since 2008, systematically loosening its workforce from 200,000 to 175,000.

     

    read more at Reuters
  • WOMEN AT WORK - BANK OF JAPAN ACKNOWLEDGES CONTRIBUTION BY FEMALE EMPLOYEES

    WOMEN AT WORK - BANK OF JAPAN ACKNOWLEDGES CONTRIBUTION BY FEMALE EMPLOYEES

    News by Editorial Team 02 Aug 2018

    The Japanese economy is being buoyed while inflation is being tamed largely due to the working class senior and women professionals in the country, the central bank of Japan stated, in one of its more candid reports recently. The rise of the gig economy has also seen senior level workers working part time while organizations, both large and small, have continued their efforts to streamline their operations and augment their competencies. Japan expects to see a gradual acceleration of inflation to 2% soon.

     

    read more at Reuters
  • GENDER PAY GAP OUTRAGE CONTINUES IN BRITAIN

    GENDER PAY GAP OUTRAGE CONTINUES IN BRITAIN

    News by Editorial Team 02 Aug 2018

    The bias against women in compensation is hitting new highs with each passing day even as more companies are being nudged to comply with the compensation reporting rules. Discrepancies in hourly wages between men and women are not new, however, with more than 1,377 firms being having found to have a pay gap of more than 30% between genders for the same job, the Government Equalities Office seems to have a huge task in their hand. Expect more surprises as the scope of pay gap reporting is expected to increase in breadth and scope.

     

    read more at Bloomberg
  • LACK OF YOUNG WORKERS EXPOSES THE UNHEALED WOUNDS OF U.S HOUSING MARKET

    LACK OF YOUNG WORKERS EXPOSES THE UNHEALED WOUNDS OF U.S HOUSING MARKET

    News by Editorial Team 01 Aug 2018

    The 2005 housing boom, which saw young workers touch 11.7 million has dropped to 10.2 million. This was in 2016 but the picture looks no better today. The lure of employment has shifted to the digital economy which promises a life-long experience of relentless learning. That said, the lack of labor would only contribute towards rising house prices coupled with a shortfall in construction project delivery.

     

    read more at Wallstreetjournal
  • RYANAIR ALLUDES TO GRAVE CONSEQUENCES IF EMPLOYEES DON’T FALL IN LINE

    RYANAIR ALLUDES TO GRAVE CONSEQUENCES IF EMPLOYEES DON’T FALL IN LINE

    News by Editorial Team 01 Aug 2018

    Airlines chief Michael O’ Leary seems unfazed with the prospect of strikes in Germany that feed on recent disturbances with flight crews in Dublin, Spain, Portugal & Belgium. In December, while the situation with many labor unions was settled, work still remains. However, the company chief alludes if the worker demands defy the laws of common sense, the management wouldn’t think twice in shifting jobs to promising geographies of Poland.

     

    read more at Reuters
  • FERRAGAMO APPOINTS A GUCCI STALWART TO TURN TROUBLING TIDES

    FERRAGAMO APPOINTS A GUCCI STALWART TO TURN TROUBLING TIDES

    News by Editorial Team 01 Aug 2018

    Micaela le Divelec Lemmi is the new CEO of the shoe maker brand Salvatore Ferragamo SpA. She has spent 20 years contributing towards the success of Gucci. Ferragamo, which famously designed apparels for Audrey Hepburn and Margaret Thatcher, needs heavy uplifting as the recent revenue numbers upset expectations. Their last CEO Eraldo Poletto, had put pen to resignation earlier this year stating investment needed to flow towards tech and marketing.

     

    read more at Bloomberg
  • BANKING CIRCA 2018– MACHINES 1, HUMANS 0. SO FAR

    BANKING CIRCA 2018– MACHINES 1, HUMANS 0. SO FAR

    News by Editorial Team 31 Jul 2018

    In what appears to herald the first minor skirmish of many employment battles to come, humans may have lost to the machines. Nordea Bank’s Chief Executive Casper von Koskull was in the news recently for his prediction that his bank is likely to lose 50% of it’s current human workforce in less than 10 years. If that wasn’t enough, he backed up his prophecy by laying off 6,000 of its staff members. He is not alone, though. SEB AB CEO John Targeby laid the drift for the entire human workforce in the industry recently, saying, “Whatever can be automated, will be automated.”

     

    read more at Bloombergquint
  • WOMEN IN SINGAPORE INVADE BOARDROOMS FOR THE FIRST TIME

    WOMEN IN SINGAPORE INVADE BOARDROOMS FOR THE FIRST TIME

    News by Editorial Team 31 Jul 2018

    Singapore seems to be woefully short in gender diversity, despite being one of the most prosperous financial centers on the planet. Thanks to a recent government initiative through an agency, financial services companies are finally, for the first time, naming women in their boards. This imperative was taken after a study revealed a complete lack of any female representation in 38% of the boards of the 100 biggest companies. Since the announcement of the biannual public ranking, the number fell to 27%.

     

    read more at Bloombergquint
  • SEVERAL LARGE US EMPLOYERS LOWERING PREQUALIFICATION BENCHMARKS IN RACE TO HIRE

    SEVERAL LARGE US EMPLOYERS LOWERING PREQUALIFICATION BENCHMARKS IN RACE TO HIRE

    News by Editorial Team 30 Jul 2018

    The war for talent is turning into a race for talent after several large employers of the country decided to waive off several prior experience requirements and advanced qualifications in several cities. This is likely to step up the hires for freshers and college graduates, with the demand for workers soaring in cities like Dallas Louisville. While this may seem largely prevalent in labor intensive functions like customer service or warehousing, high tech companies like Intel and Github have been, for years, making formal college education “optional” for their experienced hires.

     

    read more at Wallstreetjournal

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