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  • UniCredit cuts 6000 jobs in Italy amidst union talks!

    UniCredit cuts 6000 jobs in Italy amidst union talks!

    News by Editorial Team 11 Feb 2020

    As UniCredit, Italy’s biggest bank initiates its negotiation process with unions on 10 February 2020, regarding layoffs and branch closures, it confirmed its plans to slash 6000 jobs in the country over a period of four years.  According to the news report by Reuters, the bank had revealed that there would be 5,500 jobs slashed in Italy under the new plan and about 450 branch closures in the coming years.

     

    read more at Reuters
  • Employers realize the benefits of caregiving packages

    Employers realize the benefits of caregiving packages

    News by Editorial Team 11 Feb 2020

    In a recent report released by the 2020 Large Employers' Leave Strategy and Transformation Survey, it was reported that large employers were planning to expand their paid leave benefits. The report also shared the results of 2019 wherein about 30% of the 113 employers surveyed had added new programs for paid leaves. The report also shared about 24% of employers had increased the length of leaves for their employees including 12% had expanded eligibility for leave benefits. 

     

    read more at HRDIVE
  • Boost employee retention with culture of confidence!

    Boost employee retention with culture of confidence!

    News by Editorial Team 11 Feb 2020

    According to a survey by Indeed, dated 23 January 2020, revealed creating a culture of confidence in an organization could boost employee retention and productivity. The report stated about 98% of employees believed they performed well when they felt confident. In addition, 96% of employees surveyed also revealed that they would like to stay back in an organization if they felt confident. The report concluded with a message from the Indeed writer and researcher stating employers should nurture the culture of confidence.

     

    read more at HRDIVE
  • Daimler to slash 15,000 jobs amidst cost cut plans!

    Daimler to slash 15,000 jobs amidst cost cut plans!

    News by Editorial Team 10 Feb 2020

    According to the news report in Handelsblatt – a leading business newspaper – German luxury carmaker Daimler (DAIGn.DE) has intensified its cost-cutting measures and plans to cut up to 15,000 jobs. The report cited the organization’s resources and revealed the Daimler group had insinuated in November 2019 about its plans to slash at least 10,000 jobs and reduce the staff costs by around $1.5 billion by the end of 2022. The report also featured the future plans of the group stating the group would announce the expanded savings at its annual news conference on 11 January 2020.

     

    read more at Reuters
  • Organizations plan to build culture of Dignity to engage employees

    Organizations plan to build culture of Dignity to engage employees

    News by Editorial Team 10 Feb 2020

    In recent research conducted by Willis Towers Watson in association with Robert F Kennedy Human Rights dated 5 February 2020, threw light on how almost 87% of employers wanted to create a workplace dignity culture over the three years. The survey found out a workplace dignity culture promotes a positive environment with employees realizing their self-respect, pride, and self-worth. And it, in turn, influences talent retention and reduces turnovers.

     

    read more at HRDIVE
  • Employees wish for windows and quiet spaces in offices

    Employees wish for windows and quiet spaces in offices

    News by Editorial Team 07 Feb 2020

    According to the survey done by Layton Construction dated 4 February 2020, the new-gen employees seek windows to the outside world along with private and quiet spaces to work in their office spaces. The survey revealed natural lighting, free snacks & drinks, ergonomic chairs & desks were the top five things a new-gen employee wanted in her office space. The survey also revealed there were fewer to no takers for ping pong tables or pool.

     

    read more at HRDIVE
  • No employee engagement could increase turnover rates!

    No employee engagement could increase turnover rates!

    News by Editorial Team 07 Feb 2020

    The recent annual report by Employee Engagement & Retention released 29 January 2020 revealed some disturbing facts related to employee disengagement and higher turnover rates. The report revealed there has been a significant drop (of about 14 points) in the number of employees (about 33%) planning to stay put in their current organizations. It also shared there has been an increase (about 32%) in the employees who are undecided. An interesting revelation was the sense of detachment is common – compensation dissatisfaction, career advancement and appreciation at the workplace. 

     

    read more at HRDIVE
  • Amazon workers demand safer work conditions

    Amazon workers demand safer work conditions

    News by Editorial Team 06 Feb 2020

    Another workforce discontent incident came to light at Amazon’s New York warehouse, when about 600 workers signed a petition for better working conditions. According to the petition signed, the workers demanded a consolidated break of 30 minutes rather than two 15 minutes’ break, along with more reliable public transit services to the warehouse. The workers who helped Amazon achieve its best Christmas last year is fighting for more humane working conditions.

     

    read more at The Guardian
  • LinkedIn CEO Jeff Weiner ends his 11-year stint

    LinkedIn CEO Jeff Weiner ends his 11-year stint

    News by Editorial Team 06 Feb 2020

    LinkedIn Chief Executive Officer Jeff Weiner would step down from his position after 11 years. Weiner would be succeeded by Ryan Roslansky. Jeff Weiner would don the role of executive chairman at LinkedIn and would take charge from 1 June 2020. Weiner, as an executive chairman, plans to focus on preventing “network bias” on LinkedIn. Network bias is a term referring to people who hire and interact with people with similar backgrounds and education.

     

    read more at Forbes
  • Irregular shifts impact health of workers: A study

    Irregular shifts impact health of workers: A study

    News by Editorial Team 06 Feb 2020

    According to a recent report by The Journal of the American Osteopathic Association dated 3 February 2020, workers who worked at night, rotating or irregular shifts were at greater risk for health disorders like sleep disorders, metabolic syndrome. The report indicated it all elevates the risk of stroke, heart disease, and Type 2 diabetes. The researchers also pointed out that irregular shifts interfere with circadian rhythm and when it is desynchronized, the individuals suffer from hormonal disorders among other things.

     

    read more at HRDIVE
  • Nursing mothers struggle for lactation resource at workplace

    Nursing mothers struggle for lactation resource at workplace

    News by Editorial Team 06 Feb 2020

    In the study published in Workplace Health & Safety in January, revealed the responsibility to advocate for workplace lactation resource was still on the breastfeeding mothers. The survey had interviewed working mothers online and collected data through various cross-sectional surveys.  The report revealed about 78% of women admitted to having access to private spaces for nursing, however, more than half (about 65.4%) reported access to it during break times.

     

    read more at HRDIVE
  • Macy's to slash more than 2000 jobs as cost-saving effort!

    Macy's to slash more than 2000 jobs as cost-saving effort!

    News by Editorial Team 05 Feb 2020

    In a recent official announcement dated 4 February 2020, Macy’s disclosed its plan to shut its 125 least productive stores over a period of three years. The move is an effort to curtail the rising cost and decreasing footfall at the malls. The move would also cut more than 2000 corporate jobs as a cost-saving effort. According to the official announcement, Macy’s would be closing its stores in ‘lower tier’ malls and explore other formats for its stores.

     

    read more at Reuters
  • Millennials, Gen Z defy the job hopper label!

    Millennials, Gen Z defy the job hopper label!

    News by Editorial Team 05 Feb 2020

    According to a Zapier Survey dated 27 January 2020, revealed millennials and Gen Z ditch the labels of job hoppers and social media fanatics. The report revealed most millennials and Gen Z workers want to stay in their current organization and spent off-work hours answering work-related queries. The report further stated millennials and Gen Z had 10 and six-year plans respectively in their current company. 

     

    read more at HRDIVE
  • AI powered training programs generate revenue!

    AI powered training programs generate revenue!

    News by Editorial Team 05 Feb 2020

    The recent report by Axonify released in January 2020, revealed that about 29% of client business results could be attributed to the learning and development programs it delivered. The official report by the company showcased training programs had about a 33% impact on sales and revenue, which is one of the most frequently used key performance indicators. The report stated that about 84% of the KPIs organization measured were related to top-line revenue.

     

    read more at HRDIVE
  • Women's share in boardroom seat rises but not the top roles!

    Women's share in boardroom seat rises but not the top roles!

    News by Editorial Team 04 Feb 2020

    According to a new study by the research firm Equilar, dated 30 January 2020 revealed while women gained seats on US corporate boards at a steady pace, there was a decline in their share of board leadership roles, which were still stuck at a low level. The report found out while the share of women directors rose to 20.5% in 2019 from 18.9% in 2015, there has been less to no shift in the board leadership roles.  

     

    read more at Reuters
  • Women lead for the roles with high social skills!

    Women lead for the roles with high social skills!

    News by Editorial Team 04 Feb 2020

    In a recent study released by Pew Research Center, it was found women make up the majority of employees in the roles that require a high level of social or fundamental skills. The research revealed that jobs included roles in law, education, and counseling. The study also noted an increased number of women participation in the occupations relying heavily on analytics like accounting and dentistry.

     

    read more at HRDIVE
  • Project Management is the popular skill for gig workers!

    Project Management is the popular skill for gig workers!

    News by Editorial Team 04 Feb 2020

    The recent report by Business Talent Group’s (BTG) third annual report on gig hiring trends shared Project Management as the most in-demand skills for independent workers. The Talent Report featured top industries and business functions using highly skilled independent talent along with most in-demand project types and skillsets. The report also featured all the unique needs an independent talent would serve across numerous industries and business functions.

     

    read more at HRDIVE
  • Researchers to test positive effects of mindfulness training!

    Researchers to test positive effects of mindfulness training!

    News by Editorial Team 03 Feb 2020

    The recent partnership announced between the University of Houston researchers and energy companies Diamond Offshore Drilling and Baker Hughes, dated 27 January 2020 was aimed to build tools that would use mindfulness training to improve safety for offshore energy workers. The participating workers would undergo a 30-day training program including two daily exercises, which would train them to focus at the moment on specific job tasks.

     

    read more at HRDIVE
  • HR may have to partner with IT to modernize recruitment process

    HR may have to partner with IT to modernize recruitment process

    News by Editorial Team 03 Feb 2020

    According to an iCIMS report, HR technology has experienced a setback just as the digital transformation became imperative. The report implied Human Resource needs to rethink its partnership with Information Technology to modernize talent acquisition. The report also found out, HR practitioners globally agreed to the fact hiring is critical to an organization’s success. But HR is at a low priority for IT. The report recommended HR and IT professionals should collaborate together and determine their organization’s data needs.

     

    read more at HRDIVE
  • Exxon Baytown Refinery workers reject contract offer!

    Exxon Baytown Refinery workers reject contract offer!

    News by Editorial Team 03 Feb 2020

    In a recent development, union workers at Exxon Mobil Corp’s Baytown, Texas, refinery, had rejected a contract extension. The workers had rejected the offer in the voting that was completed on 31 January 2020. According to the sources, Members of the United Steelworkers in the refinery and laboratory voted down the three-year extension because as per the contract the entry workers must wait before their pay reaches parity with veteran hourly employees.

     

    read more at Reuters

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