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  • 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
  • CANDIDATES AND HEAD-HUNTERS CONCUR AT SHORTER RECRUITING TIMELINES

    CANDIDATES AND HEAD-HUNTERS CONCUR AT SHORTER RECRUITING TIMELINES

    News by Editorial Team 11 Apr 2019

    Excess of job openings and the shortage of qualified candidates has upturned the global job market. The head-hunters across the globe are upping their game to match the requirements. Prospective candidates are more educated and aware of their needs and informed about the company and they expect to be hired soon. According to a survey done by Addison Group, about 45% of job seekers said the shortest feedback time they had ‘experienced between submitting an application and getting a job was less than a week.’ Employers too seek reduced recruitment time. However, how recruiters will link this to the employee experience remains to be seen.

     

    read more at HRDIVE
  • MORE JOBS IN MANUFACTURING SECTOR CAN ADDRESS MEXICO'S CRIME RATE

    MORE JOBS IN MANUFACTURING SECTOR CAN ADDRESS MEXICO'S CRIME RATE

    News by Editorial Team 11 Apr 2019

    Melissa Dell, an economics professor at Harvard, at the International Monetary Fund, said about 25% of an increase in crime rate in Mexico can be linked to poor economic conditions and job loss. Dell recommends the IMF to directly collaborate with Mexico to boost the availability of manufacturing jobs and to strengthen people’s trust in their government. Dell also pointed out that countries like Mexico will have better economic conditions if the government invested more in job-adjustment programs rather than spending on controlling drug violence. The move will ensure that workers are exposed to alternative job options and don’t turn to drug trafficking.

     

    read more at Market Watch
  • EMPLOYERS REINFORCE THEIR TALENT DEVELOPMENT BENEFITS TO KEEP TALENT ENGAGED

    EMPLOYERS REINFORCE THEIR TALENT DEVELOPMENT BENEFITS TO KEEP TALENT ENGAGED

    News by Editorial Team 10 Apr 2019

    A report from Robert Hall said that 940 out of 1000 CFOs’ who were surveyed agree that their company is paying for the partial or full cost of their employee’s professional certifications. Benefits have proved to be an excellent approach for engaging and retaining employees in smaller businesses, though most of them are still reluctant to include the same in their talent strategy. The impact of talent development benefit cannot be ignored when both the current employees and prospective applicants approve of its appeal. Employers are introducing tuition reimbursement programs to attract talent pool. With promising results on the horizon, it seems to be a win-win deal. While employers get to keep and develop their talent, employees upgrade themselves and avail the required validation of their skill and knowledge.

     

    read more at HRDIVE
  • MICROSOFT IS MAKING MACRO SKILLING EFFORTS

    MICROSOFT IS MAKING MACRO SKILLING EFFORTS

    News by Editorial Team 10 Apr 2019

    Microsoft is training the U.S., France and the U.K.’s students for artificial intelligence jobs. A new partnership between Microsoft and OpenClassrooms aims at recruiting 1000 students in an online “masters-level program”. The program guarantees job placement within 6 months of course completion. In 2018, Microsoft had joined Rework America Business Network that aims at "[accelerating] the development and adoption of innovative hiring and training practices." In view of present talent drought, many employers have partnered to upskill talent. Microsoft has also partnered with Boeing and Accenture to form the Internet of Learning Consortium and, with freelancer platform Upwork to source freelancers and gauge their skill sets.

     

    read more at HRDIVE
  • ASANA EMPLOYEES DITCH INTERNAL EMAILS

    ASANA EMPLOYEES DITCH INTERNAL EMAILS

    News by Editorial Team 10 Apr 2019

    500 employees at Asana, a $1.5-billion-dollar productivity startup by CEO and co-founder Dustin Moskovitz, have ditched their internal emails. Moskowitz backed this move saying “It’s just very natural for everyone to be organizing their conversations around the actual work. Most of the time, when you’re having an email thread with your coworkers, it’s really about some project that you’re working on, or some action items or goals. In Asana, that’s all organized in ‘projects’ or ‘tasks’ and each of those can have conversation threads around them. So our conversations happen there.” While doing without emails may not look like a feasible strategy for every organization, Asana has gained popularity among its 60,000 paying organizations that include Uber and Air France.

     

    read more at Forbes
  • TESLA'S ONLINE SALES SHIP HAS DESERTED MANY HAPLESS EMPLOYEES ASHORE

    TESLA'S ONLINE SALES SHIP HAS DESERTED MANY HAPLESS EMPLOYEES ASHORE

    News by Editorial Team 09 Apr 2019

    While moving its ordering process online, Tesla went on a job-cut spree leaving many of its employees confused and miserable.  According to anonymous sources, the company dismissed many of its team members on Thursday. Most of these sacked employees were the “inside sales” team members who were involved in inviting customers to take test drives of Tesla cars. These employees were reportedly moved to other administrative tasks. The move seems to be a part of Tesla’s retail retrenchment strategy that was announced earlier in February 2019. CEO, Elon Musk, has said that the initiative is aimed at cutting costs as the company plans to launch new models. Tesla has refused to disclose further details. 

     

    read more at Bloomberg
  • TACO BELL'S EMPLOYEE EXPERIENCE GAME PLAN IS MINT

    TACO BELL'S EMPLOYEE EXPERIENCE GAME PLAN IS MINT

    News by Editorial Team 09 Apr 2019

    Taco Bell is driven to fulfill its target of hiring 100,000 workers by 2022. Summer hiring season is on and the company plans to host 600 hiring parties in the US from April 22 to 27. On its interesting platter, it now is serving on-the-spot job interviews, free food, and activities. Its new partnership with Crew, a communication platform, will allow Taco Bell’s employees to maintain their work schedules, pick or swap shifts on their smartphones. They will also have access to one free meal per shift at corporate-owned Taco Bell locations.  Taco Bell intends to improve its employee experience with these measures.

     

    read more at HRDIVE
  • TIME TO ADD COLORS TO YOUR WORKSPACE

    TIME TO ADD COLORS TO YOUR WORKSPACE

    News by Editorial Team 09 Apr 2019

    For Nicole Andreu, senior vice president and design director of commercial interiors at CannonDesign's New York City office, colors are no secondary thing. Associating colors with psychological impacts Nichole said "Red has energy and passion. Yellow is for happiness. Green is for growth and stability." While color theory can mean different things for different people, for Nichole, it means how their combinations will affect the surroundings. Nichole said it “affects our mood. It can create balance or imbalance depending on how it's used." The color theory explains how a color will affect the design and also suggests its impact on the viewer.

     

    read more at HRDIVE
  • IBM IS CHANGING DEFINITIONS OF SKILLS: IS AI TO BLAME?

    IBM IS CHANGING DEFINITIONS OF SKILLS: IS AI TO BLAME?

    News by Editorial Team 08 Apr 2019

    IBM reportedly dropped its employee headcount by 25%. Under, Ginni Rometty, CEO, president and chairman of IBM, the total headcount was about 350,000 which had dropped further to 225,000 under CEO Lou Gerstner tenure. In 2012, when Ginni Rometty had re-joined the firm, the company’s employee population had swelled to 450,000 people. However, it has now reduced to 350,000. Rometty cited new age technologies such as artificial intelligence as the prime reason for job cuts. Contradicting her own words, Rometty said that going ahead skills will be crucial for employee’s relevance. She pointed out that “If you have a skill that is not needed for the future and is abundant in the market and does not fit a strategy my company needs, you are not in a good square to stay inside of.” 

     

    read more at Forbes
  • GOOGLE IS PAINTING A BENEFIT RAINBOW FOR ITS CONTRACTUAL WORKERS

    GOOGLE IS PAINTING A BENEFIT RAINBOW FOR ITS CONTRACTUAL WORKERS

    News by Editorial Team 08 Apr 2019

    The tech giant is well known for the perks it offers to its employees. In spite of it throwing tons of benefits at its employees, more than half of the employees at Google are not working full time. With changing workforce, enter changed contractual conditions. Contract workers are often paid less than full-time employees. But Google is trying to rewrite the rules. Going forward, Google will now need contractors and temporary workers to submit their parental, healthcare, family leave, and other reimbursements to get full compensation at par with its regular employees. Google’s new rule is sought after privilege. Whether other companies take a lesson from the same is something that is yet to be seen.  

     

    read more at HRDIVE
  • PAY TRANSPARENCY: A CHICKEN AND EGG SITUATION

    PAY TRANSPARENCY: A CHICKEN AND EGG SITUATION

    News by Editorial Team 08 Apr 2019

    A study from the Creative Group has suggested that 77% of advertising and marketing hiring managers say their organizations are offering some degree of pay transparency and 34% say that they are offering full transparency. The Creative Group has fixed three benchmarks for pay transparency: full, near full and partial.  Full being external and internal transparency, near full being internal transparency and partial being selective transparency. But it seems both employers are employees are not ready to swallow this pill. Employers are wary of disclosing pays openly and 60% of tech workers have contended that they aren’t free to discuss their salaries with their colleagues. Another study from Harvard and UCLA has pointed out that 80% of workers would like to keep their salaries a secret. It has been a widely accepted notion that pay transparency can help ease pay disparity and bias.

     

    read more at HRDIVE
  • UNENDING WOES: WILL THERE BE JUSTICE FOR MICROSOFT EMPLOYEES?

    UNENDING WOES: WILL THERE BE JUSTICE FOR MICROSOFT EMPLOYEES?

    News by Editorial Team 05 Apr 2019

    Microsoft employees launched a protest against the company’s sexual harassment and gender discrimination conducts. Satya Nadella, chief executive of Microsoft and Kathleen Hogan, top human resources executive were challenged by several women employees. These women, who were dressed in white, questioned the company’s treatment of women in a Q&A session. In another case of an email thread, dozens of female employees shared incidents of sexual and gender harassment at Microsoft. The extent of these charges is acute with women alleging charges like “called bitch at work” and asked to “sit on someone’s lap” during a meeting in which senior HR representatives were present.

     

    read more at The Guardian
  • FOR WALMART, WHEN IT COMES TO EMPLOYEE HEALTH INSURANCE, A PENNY SAVED IS A PENNY EARNED

    FOR WALMART, WHEN IT COMES TO EMPLOYEE HEALTH INSURANCE, A PENNY SAVED IS A PENNY EARNED

    News by Editorial Team 05 Apr 2019

    To ease the pressing insurance costs, Walmart and other employers have come up with a new game plan. They are now suggesting doctors for their employees. This move takes cost optimization to another level as the companies are mining their own data to arrive at the lowest cost-best service physicians. And it seems to be working. The company is also covering travel and medical costs. Results of this plan have been impressive with employees spending less time in hospitals, cheaper follow-up care and shortened leaves in offices. In many cases, surgeries were replaced with other less invasive options. Looks like a win-win solution to us.

     

    read more at MSN
  • PWC'S DIGITAL REVOLUTION IS A LESSON FOR THE CORPORATE WORLD.

    PWC'S DIGITAL REVOLUTION IS A LESSON FOR THE CORPORATE WORLD.

    News by Editorial Team 05 Apr 2019

    As a part of its digital revolution, PwC is committed to reskill its 50,000 workers. To achieve this mammoth goal, the company has turned to tech-enabled education. It is Digital Fitness App which was launched two years back and focusses on basic elements, helps employees assess their tech capabilities. PwC has kept it simple and short with only a 15 min assessment that gives immediate results. Once the employee knows her skill level, the app moves to suggest curated and in-house courses. PwC has also been delivering its curriculum through other mechanisms including apps and a podcast series. The initiative seems to have garnered interest with an average participation of 30-40 hours per year. To top its efforts, PwC has also built a team of accelerators, senior members who mentor others.

     

    read more at HRDIVE
  • GOOGLE TAKES NEW STRIDES IN DIVERSITY INITIATIVES BUT MORE NEED TO BE DONE

    GOOGLE TAKES NEW STRIDES IN DIVERSITY INITIATIVES BUT MORE NEED TO BE DONE

    News by Editorial Team 04 Apr 2019

    Staying true to its representation of the Asian workforce, Google in 2018 employed fewer white and more Asian employees. However, the tech giant still needs to improve its representation of women and people of color. Though it gained on the hiring of black and Latino women and attrition rate for the diverse group declined, more needs to be done to create a significant impact. The company’s board is also mulling over tying the diversity initiatives with executive bonuses. The thought has grown after a number of protests by its employees concerning working rights, a military contract and its treatment of sexual misconduct pleas. More women were hired for technical jobs and women gained more leadership positions up from 25.3% to 26% in 2018. 

     

    read more at Bloomberg

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