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  • STEVE JURVETSON AND THREE OTHER BOARD MEMBERS TO LEAVE TESLA

    STEVE JURVETSON AND THREE OTHER BOARD MEMBERS TO LEAVE TESLA

    News by Editorial Team 23 Apr 2019

    Late Friday, Tesla announced that its four directors including three long-time insiders would leave the organization when their current terms expire. Following the announcement, Brad Buss, Antonio Gracias, Stephen Jurvetson, and Linda Johnson Rice would step down as directors from the board.  The announcement was made in the recent SEC filing. According to the filing, all the four directors have collectively agreed “with the Board and its Nominating and Corporate Governance Committee that each of them will not stand for re-election to the Board at the expiration of their respective current terms,”. Terms for Buss and Rice will conclude on June 11, while Jurvetson’s and Gracias’ terms will complete next year.

     

    read more at Forbes
  • WITH 'PARED' YOUR NEW STAFF COULD BE A CLICK AWAY!

    WITH 'PARED' YOUR NEW STAFF COULD BE A CLICK AWAY!

    News by Editorial Team 22 Apr 2019

    With the number of full-service restaurants on the rise in the US, the restaurant owners/employers face staff crunch almost daily. However, with the jobs app called Pared, the restaurateurs are able to solve their staffing crisis in a pinch and on a temporary basis. The app doesn’t help just employers but also help individuals seeking work. The Pared app was designed by Will Pacio – a Stanford graduate who was a cook at the legendary Napa Valley restaurant and Dave Lu – a veteran of Apple and Yahoo. The app was designed to solve the staffing issues at busy restaurants and is expected to expand its reach to Philadelphia and Washington DC by the middle/end of this year.

     

    read more at Bloomberg
  • LISTEN UP HR! CANNABIS IS THE NEW NORMAL

    LISTEN UP HR! CANNABIS IS THE NEW NORMAL

    News by Editorial Team 22 Apr 2019

    As the legal sales of weed cross over $10 billion in 2018 – amid the less stringent regulations around the US – it is believed that Gen Z will be the highest pot consumer. The new generation will be more comfortable in talking about cannabis and will also know how to roll a joint. Gen Z, which is about 25% of the US population, has accepted marijuana for its medicinal purposes and is using it to treat insomnia and anxiety. The drug also helps in unwinding thus dispelling the earlier stigma of being a drug for lazy stoners. While marijuana is legal in some parts of the country, the legal age to buy this weed is 21 years. And as the sale increases every year, corporate America is taking note and is opening multi-state operations related to the weed in the US.

     

    read more at Bloomberg Quint
  • FAIR UNFAIRNESS. GENDER PAY DISPARITY PREVAILS ACROSS WORKER TYPES

    FAIR UNFAIRNESS. GENDER PAY DISPARITY PREVAILS ACROSS WORKER TYPES

    News by Editorial Team 22 Apr 2019

    According to the recent research published by Owl Labs, remote work has little effect on gender pay disparity. The research says that men are earning more as compared to their women counterparts. It also concluded that the gender pay gap has nothing to do with remote working and persists in office goers and everyone in between. Recent years have seen an upward surge in remote work as employees demand flexible timings and strive for work-life balance. It suits workers with disabilities and aids in building a local talent pool. However, the gender pay disparity can be a matter of concern.

     

    read more at HRDIVE
  • AMIDST SCANTY GAINS AND WEE LOSSES AUSTRALIAN JOB MARKET STAYS FIRM

    AMIDST SCANTY GAINS AND WEE LOSSES AUSTRALIAN JOB MARKET STAYS FIRM

    News by Editorial Team 18 Apr 2019

    Australia has upped its job creation rate by 2.4 % to meet its 1.6 % increase in population. At the same time in March, its unemployment rate rose to five percent from its eight-year mark of 4.6 percent.  This number can be attributed to the fact that more people went looking for work. The Australian dollar too improved about a quarter of US cent and reached $0.7200. Reserve Bank of Australia remains firm on its rates despite temporary loss in the economy’s momentum. Central Bank is closely watching the employment report and is depending on the labor market to gain wage growth and inflation.

     

    read more at Reuters
  • BEFORE AI VS HUMAN LETS ADDRESS WHITE VS COLORED

    BEFORE AI VS HUMAN LETS ADDRESS WHITE VS COLORED

    News by Editorial Team 18 Apr 2019

    Lack of diversity is rendering the AI field imperfect. More than 80% of AI professors are male and a meager 15% and 10% of AI researchers at Facebook and Google are women. A study published by New York University research canter has said that “diversity disaster” is leading to a flawed system which in turn is giving rise to gender and racial biases. People designing AI are usually male and white which is thought of to be the prime reason behind the discrimination. In different instances AI has made offensive image classifications of minorities, chatbots have taken to hate speech and Amazon technology has failed to identify users with darker skin tones.

     

    read more at The Guardian
  • KEEP CALM! MONSTER IS EASING THE HIRING BLUES

    KEEP CALM! MONSTER IS EASING THE HIRING BLUES

    News by Editorial Team 18 Apr 2019

    Monster, after acknowledging that job seekers aren’t having the greatest candidate experience on its portal, has begun to take corrective actions for its application process. The company has launched an ad campaign “This isn't working anymore" with creative agency MullenLowe Group to fix its recruiting process. With its digital candidate experience, it plans to improve its recruiting process for both candidates and employers. In its global TV spots, the company is highlighting new tools to address long times-to-hire, infrequent or impersonal feedback and job sites that aren't working for either applicants or recruiters. Candidates have complained about unresponsive applications, delayed interview feedback, and absence of communication on the employer’s end.

     

     

    read more at HRDIVE
  • READY BUT UNAVAILABLE - MICROSOFT'S FACE RECOGNITION AI IS NOT FOR EVERYONE

    READY BUT UNAVAILABLE - MICROSOFT'S FACE RECOGNITION AI IS NOT FOR EVERYONE

    News by Editorial Team 17 Apr 2019

    Microsoft is taking a discreet approach while facilitating its facial recognition technology to outside agencies. The company’s President Brad Smith said that it has turned down a California law enforcement agency’s request to install the technology in officer’s body cameras and cars. Adding to his statement Smith said that adoption of the technology might raise human rights concerns. A number of researches have concluded that women and minorities might become more vulnerable and can be questioned unreasonably by the AI as it is accustomed to white and male pictures. In another incidence, Microsoft rejected a deal to install the technology to blanket the capital city of an unidentified country.

     

    read more at Reuters
  • STRESSED AND BURNED EMPLOYEES ARE NOT GOING TO HAVE IT EASY ANYTIME SOON

    STRESSED AND BURNED EMPLOYEES ARE NOT GOING TO HAVE IT EASY ANYTIME SOON

    News by Editorial Team 17 Apr 2019

    In 2018 Wrike study, a staggering 94% of workers in the US and UK admitted to experiencing work-related stress. Similar were the results floated by the CareerCast survey. 4 out 5 of the respondents said they were more stressed than they were two years back. The University of Phoenix conducted a poll and found more than half of the employees are burnt out in their jobs. LinkedIn showed similar results. 70% of the respondents said their workload was the main cause of stress. Stress levels seem to even out across genders. But women say they are more affected by office politics. Gen-X stood out as the most stressed-out generation at 54%.

     

    read more at HRDIVE
  • CAUTION HR LEADERS: DISRUPTION AHEAD!

    CAUTION HR LEADERS: DISRUPTION AHEAD!

    News by Editorial Team 17 Apr 2019

    Organizations are expecting disruption in some of the other form in the near future. Sixty-three percent of HR leaders have said that in the coming three years they foresee a significant change in their industry. Employee engagement and hiring can be crucial as top performers may switch their jobs. Craig Johnson, a partner at Mercer, said that planning for this disruption should start well before the disruption hits. Few companies are opting for “change toolkits” that show the right ways to address change. Brian Kropp, group vice president at Gartner’s HR Practice said: "To achieve employee understanding, organizations should shift to open-talk conversations with employees rather than the typical top-down approach of telling employees things."

     

    read more at HRDIVE
  • STRIKE MARKS ALL STOP AND NO SHOP FOR STOP & SHOP STORES

    STRIKE MARKS ALL STOP AND NO SHOP FOR STOP & SHOP STORES

    News by Editorial Team 16 Apr 2019

    The grocery chain Stop and Shop literally came to a stop when more than 31,000 employees walked off the job. The strike was called for when the United Food and Commercial Workers International Union (UFCW) and management reached a deadlock in negotiations. Senator Elizabeth Warren and former vice-president Joe Biden have supported the demands which have driven the UFCW and management to meet for another round of talks over the weekend. A compromise over healthcare, wages, and pensions between the two sides is expected in the second round. While many stores opened on Friday, the staff strength was quite reduced. The strikers came from a variety of roles – from cashiers to bakers, butchers and deli employees. As per the current reports, the latest proposal from Stop & Shop included pay hikes for associates and an increase of $4 from $2 previously on health insurance premiums. Though the pay rise will be 50 cents an hour, the union says that it will not offset higher healthcare costs.

     

    read more at The Guardian
  • MORE BIG MACS FOR ITALIANS AS MCDONALDS EXPANDS ITS OPERATIONS ACROSS THE COUNTRY

    MORE BIG MACS FOR ITALIANS AS MCDONALDS EXPANDS ITS OPERATIONS ACROSS THE COUNTRY

    News by Editorial Team 16 Apr 2019

    In a recent announcement the US burger chain McDonald's revealed its growth plans for 2019. The company will open 25 new restaurants across Italy. McDonald's also made an official statement that it plans to increase its 23, 000 staff by 10 percent. It will add 2, 300 more employees across Italy. McDonald's has hired 3,000 people during the last two years. This is a significant step toward McDonald's diversity initiatives as around 62% of its employees across these stores are women, and many of these women are store managers.

     

    read more at Reuters
  • INCREASED CEO CHURN A CAUSE FOR CONCERN

    INCREASED CEO CHURN A CAUSE FOR CONCERN

    News by Editorial Team 16 Apr 2019

    A report by Challenger Gray & Christmas Inc. says there has been a 22 percent rise in the CEO turnover in the first quarter of 2019 as compared to 2018 during the same time. The report revealed that organizations announced around 135 changeovers in March, which is an 8.9% increase over February’s total 124 changeovers. The report also revealed that the figure was the highest first-quarter total ever since the company started tracking CEO turnover in 2000. Andrew Challenger, VP of the company said in a press release, “We are seeing considerable churn in the chief executive role. Companies are grappling with changing consumer behavior and new technologies disrupting almost all industries.”

     

    read more at HRDIVE
  • GOING PRO CAMPAIGN IS TAKING PEOPLE BACK TO BASICS

    GOING PRO CAMPAIGN IS TAKING PEOPLE BACK TO BASICS

    News by Editorial Team 15 Apr 2019

    The Going Pro campaign of State Department of Talent and Economic Development is trying to create a buzz around skill development. Graduate Senior Cassian O’Neill says that instead of going for another four-year college degree he would continue with plumbing work. “I don’t want to sit at a desk all day and work on a computer…I want to do more hands-on work, so I thought the best way to do that was being a plumber or an electrician or a welder. The amount of money plumbers are making is definitely decent and it can always go up because so few people know how to do that work.” Cassian might not be wrong in his choice. In Superior Plumbing, Atlanta 40 plumbers reported earning around $90,000 in wages and commissions. This number is about 70% more than the average income in the region.

     

    read more at Bloomberg
  • HALFWAY THROUGH ON THE ROAD TOWARD TRUE INCLUSION

    HALFWAY THROUGH ON THE ROAD TOWARD TRUE INCLUSION

    News by Editorial Team 15 Apr 2019

    Business Success and Growth Through LGBT-Inclusive Culture report states that companies with LGBT inclusive culture have less turnover and attract better talent. These companies also see a rise in their stock prices by average 6.5% as compared with their peers in the industry. About 10 million adults in the US have identified themselves as LGBT. Large corporations including IBM, AT&T, and Booz Allen Hamilton have introduced various formal and informal LGBT friendly policies which include training, awareness, expanded family leave, same-sex health and retirement benefits coverage and, reimbursement for fertility treatment. These companies are also asking their contractors to comply with their non-discrimination policies. But that is just one side of the coin. The report also says that in the absence of federal laws around 40% of LGBT employees say that they are bullied at work and 41% say that they have left jobs for similar reasons.

     

    read more at The Guardian
  • PWC UNDER MURKY WATERS FOR SNUBBING OLDER JOB APPLICANTS

    PWC UNDER MURKY WATERS FOR SNUBBING OLDER JOB APPLICANTS

    News by Editorial Team 15 Apr 2019

    Are you recruiting from college campuses? Then you may want to follow this. Collective action has been filed against PwC for discriminating against older applicants. The plaintiffs alleged that PwC is recruiting applicants from college campuses while qualified older applicants (40 years or more) were denied the same position. The collective action is applicable to individuals who applied in PwC’s tax or assurance departments for associate, experienced associate or senior associate positions. The Age Discrimination in Employment Act forbids employers from discriminating against 40 years or older applicants or workers on the basis of their age. Age discrimination remains to be an open secret among employers.

     

    read more at HRDIVE
  • BANK OF AMERICA IS STRETCHING ITS MINIMUM WAGES TO MAXIMUM LIMIT

    BANK OF AMERICA IS STRETCHING ITS MINIMUM WAGES TO MAXIMUM LIMIT

    News by Editorial Team 12 Apr 2019

    This Wednesday, Bank of America announced its plans to raise the minimum wage to $20 an hour. The plan will be implemented during a two-year phase. By May 1, 2019, BofA will increase its minimum wage to $17 and the wage will be subsequently hiked until it reaches its $20 mark by 2021. The move will augment the BofA’s commitment to establish itself as “a great place to work” to attract and engage talent. The Bank added that it has been committed to its drive to increase the minimum wages and has upped the number by $4 /hour since 2010. In 2016, it had increased it to $15. Sheri Bronstein, Bank of America's CHRO said: "We are raising our minimum wage because we believe that to best serve our customers and clients, we need the best teams.”

     

    read more at HRDIVE
  • SIEDLE BLOWS THE WHISTLE AGAIN: THIS TIME ON PENSION PLANS

    SIEDLE BLOWS THE WHISTLE AGAIN: THIS TIME ON PENSION PLANS

    News by Editorial Team 12 Apr 2019

    “Pension detective” Ted Siedle has dropped a truth-bomb on the pension industry with his recent disclosure. In a recent podcast he said, “In the decades to come, we will witness millions of elderly Americans, Baby Boomers, and others, slipping into poverty.” Adding to his statement, Siedle said that decisions are being made by inexperienced people under political influence and aren’t sufficiently audited. Ted Siedle has been a former SEC lawyer and has been awarded $78 million for blowing the whistle on JPM +0.84% of JP Morgan Chase. In the past, Ted Siedle had testified in front of Congress and had dealt with forensic investigations in money management.

     

    read more at Market Watch
  • NOT ASHAMED! MORE WOMEN ARE SPEAKING OUT AGAINST WORKPLACE HARASSMENT

    NOT ASHAMED! MORE WOMEN ARE SPEAKING OUT AGAINST WORKPLACE HARASSMENT

    News by Editorial Team 12 Apr 2019

    NAVEX Global’s 2019 Ethics & Compliance Hotline Benchmark Report says that employee harassment complaints grew by 18% in the past two years. Forty-one percent of these complaints were substantiated. Carrie Penman, chief compliance officer and senior vice president, advisory services, NAVEX Global said: "These findings reflect strong growth in the number of employees willing to speak out against harassment – and they should serve as notice to employers that #MeToo is a fundamental shift in employees’ willingness to tolerate harassment.” In its analysis of more than 1 million employee complaints, the report also found that complaints come from various tracks including anonymous hotlines, web forms, and open door policies. Approximately five million people suffer sexual harassment at workplaces and 99.8% of them never file a case.

     

    read more at HRDIVE
  • AMAZON DEFENDS ITS ECHO SPEAKERS QUALITY CHECK PROCESS

    AMAZON DEFENDS ITS ECHO SPEAKERS QUALITY CHECK PROCESS

    News by Editorial Team 11 Apr 2019

    An Amazon spokesperson said in an email statement that the company takes the security and privacy of its customers’ personal information quite seriously. Point in case is the Amazon’s Echo speakers quality check process. Amazon has employed thousands of people to listen to voice recordings captured in Echo owners’ homes and offices. This disclosure has raised serious questions on the privacy of its users. Defending the move, Amazon’s spokesman has said that the employees only annotate an ‘extremely small sample of Alexa voice recordings’ so as to enhance customer experience. He also added that this information helps the developers to train their speech recognition and natural language understanding systems. As a result, Alexa is better equipped to understand the customer’s voice requests.

     

    read more at Bloomberg

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