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  • RIVAL BANKS RAGE TALENT WARS TO BACK ASIA'S ARISTOCRACY

    RIVAL BANKS RAGE TALENT WARS TO BACK ASIA'S ARISTOCRACY

    News by Editorial Team 04 Sep 2018

    Hong Kong and Singapore together birthed an est. 2,000 millionaires/day last year. However, wealth managers are falling short in numbers to position result-bearing talent and increase their Assets Under Management. This has triggered a talent war between rival banks to recruit seasoned individuals hiking their salaries up to 30%.  A decade high for compensation growth, professionals, especially Mandarin speaking, could better their finances by some distance moving to the action-packed cities of South-East Asia.  

     

    read more at Bloomberg
  • FORD GEARS DOWN IN RESTRUCTURING BID

    FORD GEARS DOWN IN RESTRUCTURING BID

    News by Editorial Team 03 Sep 2018

    As a part of it’s operational restructuring initiatives, American Auto giant Ford is soon going to stop production of several popular models including popular ones such as the Mondeo and Galaxy. What is alarming to the staff in the company, especially its European Operations, however is the fact that as much as 12% of its workers, numbering as much as 200, 000 could be laid off. This is largely expected to be concentrated in its European Operations. Rumours also abound about a possible joint venture with a rival to tide over the turbulence facing the worldwide automobile industry currently.

     

    read more at Reuters
  • NIKE'S RUNS OFF TRACK IN GENDER EQUITY

    NIKE'S RUNS OFF TRACK IN GENDER EQUITY

    News by Editorial Team 03 Sep 2018

    One of the most prominent movements in the social and corporate world has been the #MeToo phenomenon, and its aftermath has hit America’s favorite sports brand harder than what they could possibly have bargained for. Four female employees are suing the athletic business behemoth for what they are calling the other side of harassment- not sexual, but gender discrimination and allegations of stifling career growth of its female employees. This is a potential class action suit if it clears the status, and the sports apparel major will have as many as 500 women joining the lawsuit.

     

    read more at Bloomberg
  • TRUMPONOMICS TO BLOCKADE PAY HIKE FOR FEDERAL EMPLOYEES

    TRUMPONOMICS TO BLOCKADE PAY HIKE FOR FEDERAL EMPLOYEES

    News by Editorial Team 31 Aug 2018

    Economic woes, a product of Donald Trump’s fiscal policies, have erased the possibility of 2019 pay raises for federal officials. The increase, as per the President, would set the country back by a hefty $25 Billion. Instead, an alternative of locality pay adjustments would be offered to all. Workers in the private sector lead their government counterparts by a good 32% in total earnings, as per the Federal Salary Council.

     

    read more at Fortune
  • TESLA'S CHRO ON A LEAVE OF ABSENCE

    TESLA'S CHRO ON A LEAVE OF ABSENCE

    News by Editorial Team 31 Aug 2018

    Gabrielle Toledano, who joined the company in June 2017 as its Chief People Officer, has been missing from the scene of action in what could be called challenging times. Although other HR officials have stepped up to fill her shoes during her approved absence, yet, the thought crosses the mind if Tesla’s approach would’ve been different under her supervision. 

     

    read more at Bloomberg
  • IRS JUST ISSUED A NEW RULING THAT COULD HAVE HUGE IMPLICATIONS FOR THE ECONOMY

    IRS JUST ISSUED A NEW RULING THAT COULD HAVE HUGE IMPLICATIONS FOR THE ECONOMY

    News by Editorial Team 30 Aug 2018

    Student Loans comprise the single largest segment of all non-housing loans in America presently, totaling over a staggering $1.4 trillion, a number that exceeds total auto loans and even the country’s total credit card debt. Such is the scourge that more than half the working millennial population opts to stay away from voluntary retirement savings in their 401(k). All that is set to change with the latest IRS ruling, which will ensure workers who’re paying student loans to receive matching contributions in their 401(k) plans. This policy is expected to have large implications for the economy as a whole and it remains to be seen how employers match the contributions in a fast evolving  and disruptive economy.

     

    read more at Forbes
  • AMAZON BOILING AS BERNIE SANDERS TURNS UP THE HEAT OVER WORKER CONDITIONS

    AMAZON BOILING AS BERNIE SANDERS TURNS UP THE HEAT OVER WORKER CONDITIONS

    News by Editorial Team 30 Aug 2018

    Senator Bernie Sanders, on the 22nd of May, took to Twitter with a video naming Amazon Founder Jeff Bezos, who is purported to be making $250mn every day while the lower rung of workers have to bear temperatures as high as 110 degrees in the warehouses his companies own. Calling the e-commerce behemoth a part of the ‘rigged’ economy, Sanders pointed out that some Amazon workers even require food stamps to survive. The video with the tweet has garnered 415k views since it was published. Sanders is currently on a campaign to encourage Amazon workers to share their true experiences at the world’s largest online retailer.

     

    read more at Fortune
  • IS YOUR TOP PERFORMER SHOWING THESE WITHDRAWAL SIGNS?

    IS YOUR TOP PERFORMER SHOWING THESE WITHDRAWAL SIGNS?

    News by Editorial Team 29 Aug 2018

    While they may be in the good books of managers, trends suggest top professionals often face the collective brunt of their sneering peers. When overdone, the same performers might begin to drift away showing signs of falling productivity, high anxiety and in extreme cases eve PTSD. With cases of suicide being linked to excoriation at the workplace, perhaps it should be treated with the same level of severity as cases of harassment. 

     

    read more at Forbes
  • GOOGLE DOES ITS BIT FOR THE VETERANS

    GOOGLE DOES ITS BIT FOR THE VETERANS

    News by Editorial Team 29 Aug 2018

    In line with its effort to make a google search level playing field for all businesses, the search engine has introduced a Veteran-Led attribute. The attribute could be extended as part of company initials through Google My Business. This streamlining in search is not new though as Google had previously come up with tweaks like Women-Led, LGBTQ-Friendly & Transgender Safe Space for targeted browsing.   

     

    read more at Forbes
  • SHOULD ELON BE TWEETING MORE RESPONSIBLY?

    SHOULD ELON BE TWEETING MORE RESPONSIBLY?

    News by Editorial Team 29 Aug 2018

    This is the least a Tesla investor could afford to pose as an inquest as Musk returns to his usual self on Twitter. With Tesla’s communication approach under fire from the SEC, the relentless CEO addressed his recent interview (with NYT) and prior tweets cornering his own supporters. Having put to bed the plans to take Tesla private, wouldn’t it be wise for an inspiring figure of a billionaire tech-CEO to exchange his viewpoints in a business-like fashion!

     

    read more at Bloomberg Quint
  • CHINA PREPARES CIVIL CODE DRAFT TO CURB SEXUAL HARASSMENT AT WORKPLACE

    CHINA PREPARES CIVIL CODE DRAFT TO CURB SEXUAL HARASSMENT AT WORKPLACE

    News by Editorial Team 28 Aug 2018

    The growing concern over harassment claims, surfacing on the country’ social networks, has caused the state to table a civil code aiding in more stringent solutions. With official formalities in place, the process may run up to 2020, as far as the formulation of the code is concerned. The overall ethos of the draft will allow employees to hold employers responsible in the absence of a corporate regulations architecture preventing sexual harassment.    

     

    read more at Reuters
  • SOUTH KOREAN FISCAL SPENDING TO REACH $420 BILLION

    SOUTH KOREAN FISCAL SPENDING TO REACH $420 BILLION

    News by Editorial Team 28 Aug 2018

    Job creation and public welfare will the primary drivers of this record scale of spending. The national treasury got a much-required boost from its imposed taxes the topmost benefactors of which will be those employers who had curbed hiring operations by a great margin. The government is also making its mind up to sell 40.7 Trillion won (currency) worth of treasury bonds next year. 

     

    read more at Reuters
  • EMPLOYEES TURN TO APPLE FOR RESPITE AS TESLA TREADS A ROCKY-TERRAIN

    EMPLOYEES TURN TO APPLE FOR RESPITE AS TESLA TREADS A ROCKY-TERRAIN

    News by Editorial Team 27 Aug 2018

    Since the turn of the year, 46 employees have accepted employment agreements from Apple signalling, perhaps, an unspeakable discomfort at the car maker. With talks of taking the company private, Elon tends jokes about the former being the ‘Tesla Graveyard’. While that may be an in-house joke, there has been the word of Apple showing weighing its options of purchasing the car-maker, deemed perpetually anaemic in producing its Model 3. 

     

    read more at Fortune
  • TESLA TO HAVE A NEW COMMUNICATIONS CHIEF

    TESLA TO HAVE A NEW COMMUNICATIONS CHIEF

    News by Editorial Team 27 Aug 2018

    Sarah O’Brien will be saying her goodbyes on September 7th as Dave Arnold, the current Sr. Director of Global Communications takes over. A vital function which requires an uncompromising extent of diplomacy, Tesla pays extreme attention to this while still role relying on consumer referrals. Though CEO Elon might make up for lower marketing spends through his online following, yet it’d be interesting to see the approach of the incoming Mr. Arnold.

     

    read more at Bloomberg
  • SIEMENS COULD POTENTIALLY LAY-OFF 20,000 JOBS BY 2020

    SIEMENS COULD POTENTIALLY LAY-OFF 20,000 JOBS BY 2020

    News by Editorial Team 24 Aug 2018

    It was the German engineering company’s CEO, Joe Kaeser who in a roadshow shared the sentiment of reducing the total strength of personnel. Downsizing operations could include departments such as administration, legal finance and even the shared services division. The plan is suspected to be part of Siemen’s 2020 strategy as per Manager Magazin’s Thursday edition. 

     

    read more at Reuters
  • NO MATTER THE TRADE WAR, US UNEMPLOYMENT RATE IS DECLINING

    NO MATTER THE TRADE WAR, US UNEMPLOYMENT RATE IS DECLINING

    News by Editorial Team 24 Aug 2018

    A succession of falling numbers in unemployment benefits fillings over the last few weeks have US economists riddled. Despite an exacerbating trade war with major allies and a greater number of people in the workforce than ever, unemployment numbers are at their lowest since 1969. With the four-week average of claims falling by 5,000 to 1.74 million, analysts have reason to expect room for a further fall in fillings.

     

    read more at Reuters
  • BRITISH WAGE GROWTH HAS LITTLE TO SHOW FOR GROWTH

    BRITISH WAGE GROWTH HAS LITTLE TO SHOW FOR GROWTH

    News by Editorial Team 23 Aug 2018

    Latest sampling from XpertHR records the average British pay rise pushing the brakes. In line with forecasts of the Bank of England, the median annual pay rise from April - June had fallen to 2.3 per cent, a two-year low. The dip, over-shadowed the rewarded pay rises in the 3 months towards June (2.5 %). Even though unemployment is at a 43-year low, yet, the causes for such macroeconomic downturns await unanimous agreement.

     

    read more at Reuters
  • ZOOX DROPS THE BOMB ON TIM KLAY, MAKES HIM EX-CEO WITHOUT WARNING

    ZOOX DROPS THE BOMB ON TIM KLAY, MAKES HIM EX-CEO WITHOUT WARNING

    News by Editorial Team 23 Aug 2018

    Never a dull day in Silicon Valley. In a bombshell development, the autonomous car Startup, Zoox, has decided to oust its CEO Tim Kentley-Klay. Suddenly. Rubbing shoulders with the likes of Google and Uber, the development came without prior notice, as per Tim. Having recently raised $500 million, Jesse Levinson, the other founding father will take up the position of company president. 

     

    read more at Bloomberg
  • GERMANY PROVING WELL-EQUIPPED TO EMPLOY THE REFUGEE INFLUX

    GERMANY PROVING WELL-EQUIPPED TO EMPLOY THE REFUGEE INFLUX

    News by Editorial Team 22 Aug 2018

    With over a million refugees residing in, and more expected to apply for asylum in Germany, the country is proving a hotspot for the dislocated ones seeking shelter from war-struck zones. Corporate establishments in the country have put on a show with on-the-job apprenticeships that will cushion the skepticism erupting from the far-right corners of the Deutschland. As per estimates, every 3 out of four refugees is a contractual labor.

     

    read more at Reuters
  • JOHN SCHNATTER PROVING A TOUGH COOKIE FOR PAPA JOHN'S

    JOHN SCHNATTER PROVING A TOUGH COOKIE FOR PAPA JOHN'S

    News by Editorial Team 22 Aug 2018

    The founder of the pizza chain, post his resignation as CEO last month, is blazing his guns in a scathing approach opposing the company leadership. Launching a web-portal for franchise employees to join him, Schnatter accused his successor Steve Ritchie of running into the wall in the wake of low earnings this quarter. The company has hit back blaming John’s antics for the poor showing.

     

    read more at Bloomberg

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