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  • DEUTSCHE BANK TO CUT THOUSANDS OF JOBS

    DEUTSCHE BANK TO CUT THOUSANDS OF JOBS

    News by Editorial Team 08 Jul 2019

    Deutsche Banks is revamping its investment banking wing. This overhaul will cost the bank 7.4 billion euros and 18,000 jobs. The bank will also do away with its global equities business, reform its investment banking and will trim its fixed-income operations. It might reduce its headcount to 74,000 by 2022.

     

    read more at Reuters
  • AMAZON TO HIRE MORE EMPLOYEES IN THE UK

    AMAZON TO HIRE MORE EMPLOYEES IN THE UK

    News by Editorial Team 08 Jul 2019

    Amazon is planning to expand its workforce in the U.K. 2,000 jobs will be created in “head office, R&D, Amazon Web Services, and Operations.” The U.K Chancellor Philip Hammond said, “This government is supporting the business to create the high-skilled, high-paid jobs of the future, and these roles will benefit people across the U.K.” However, in reality, the roles may be low-skilled and low-paid.

     

    read more at Forbes
  • FACEBOOK USERS UNHAPPY WITH NEWSFEED

    FACEBOOK USERS UNHAPPY WITH NEWSFEED

    News by Editorial Team 08 Jul 2019

    Studies have suggested that Facebook users feel depressed after incessant scrolling through their newsfeed. Facebook and other social media sites are being criticized for contributing to addiction, low self-esteem, and loneliness. Facebook team has a major challenge ahead “how to positively impact users’ lives.”

     

    read more at Fortune
  • CORPORATES SUPPORT LGBTQ+ EQUALITY

    CORPORATES SUPPORT LGBTQ+ EQUALITY

    News by Editorial Team 05 Jul 2019

    The world’s biggest pride celebration held on June 30 in New York featured 72 corporate sponsors. TD Bank, Airbnb and other 38 community and non-profit partners came together to support it.  World’s top corporates are now coming forward to support LGBTQ customers. Some companies have included LGBTQ+ Business Climate Index to rate quality of LGBTQ+ legal protection, political attitudes, healthcare access, and family support.

     

    read more at Fortune
  • TRADITIONAL PERFORMANCE MANAGEMENT IS LOSING SHEEN

    TRADITIONAL PERFORMANCE MANAGEMENT IS LOSING SHEEN

    News by Editorial Team 05 Jul 2019

    Design and execution of performance management haven’t changed much, Mercer reported in a global study conducted in June. Companies realize this, however slowly. Multiple studies say the traditional annual review model of performance management is slowly losing its foothold. Mercer isn’t the first company to conclude that annual performance management fails to raise workers’ productivity.

     

    read more at HRDIVE
  • DEUTSCHE BANK PLANS TO CUTS JOBS

    DEUTSCHE BANK PLANS TO CUTS JOBS

    News by Editorial Team 05 Jul 2019

    Deutsche Bank AG is planning to cut jobs in the U.S., Bloomberg reported. The company plans to inform its American workers on Monday once its restructuring is adopted over the weekend. According to the Bloomberg report, the bank may cut up to 20,000 jobs. There is no clear demarcation on the businesses which will be affected due to job cuts.

     

    read more at Bloomberg
  • WORKERS MAY TURN JULY 4 INTO A LONG WEEKEND

    WORKERS MAY TURN JULY 4 INTO A LONG WEEKEND

    News by Editorial Team 04 Jul 2019

    Over half of professionals plan to take at least one day off this week, a survey conducted by Captivate Office Pulse reported. The survey was conducted among 430 white collar professionals. Most professionals will take an off on Friday, July 5. Those who plan to show up at work will be either be hungover or extra tired, the survey found.

     

    read more at HRDIVE
  • AMERICAN COLLEGE EDUCATION IS INADEQUATE TO PREPARE FOR FUTURE JOBS

    AMERICAN COLLEGE EDUCATION IS INADEQUATE TO PREPARE FOR FUTURE JOBS

    News by Editorial Team 04 Jul 2019

    American adults seem to have lost faith in college education. The latest statistic, gathered from a survey conducted by Gallup and North-eastern University says about 22 percent of Americans feel that colleges are adequately preparing their graduates for future jobs involving technology. On-the-job training followed by in-person programs from colleges are preferred mode of education, the survey reported.

     

    read more at HRDIVE
  • WORKERS ARE UNCOMFORTABLE TALKING ABOUT DRUG USE

    WORKERS ARE UNCOMFORTABLE TALKING ABOUT DRUG USE

    News by Editorial Team 04 Jul 2019

    New data from Serenity at Summit says drug, religion, politics, and sex are discomforting topics for workers. 43 percent of workers are uncomfortable talking about recreational marijuana at work. Women are less likely than men to talk about their drug use with their coworkers. Marijuana followed by painkillers and amphetamines are commonly discussed drugs, the data concluded.

     

    read more at HRDIVE
  • AMAZON TO ADD OVER 2,000 PERMANENT JOBS IN UK

    AMAZON TO ADD OVER 2,000 PERMANENT JOBS IN UK

    News by Editorial Team 03 Jul 2019

    On Wednesday, Amazon announced that it will add over 2000 permanent jobs in Amazon’s UK head office. These jobs will include entry-level positions, engineers, software developers, data scientist, and cloud and machine learning experts. Earlier, in 2018, Amazon had added 2,500 jobs in Britain. The company also plans to create 1800 jobs in France. 

     

    read more at Reuters
  • CEOS SHOULD TREAT CULTURE LIKE A BUSINESS IMPERATIVE

    CEOS SHOULD TREAT CULTURE LIKE A BUSINESS IMPERATIVE

    News by Editorial Team 03 Jul 2019

    A new Gartner survey says that CEOs should treat company culture as a business imperative. The survey found about 31 percent of CEOs believe that their organization has the kind of culture it needs. On average, companies are spending USD 2000 annually per employee on culture initiatives. The survey suggests CEOs to partner with CHROs to build a culture that meets business objective.

     

    read more at HRDIVE
  • RISING WEALTH GAP IN LOS ANGELES

    RISING WEALTH GAP IN LOS ANGELES

    News by Editorial Team 03 Jul 2019

    Garett Camp, the co-founder of Uber, has bought a Beverly Hills mansion worth USD 72.5m in Los Angeles. This purchase has garnered attention to the wealth gap that exists in the city and has upset Uber drivers. Drivers are fighting for worker compensation, unemployment insurance, minimum wages, and other rights. “It’s an abomination. Income inequality has gone rampant.”, a driver said.

     

    read more at The Guardian
  • U.K COMPANIES MORE COMMITTED TO SOLVE GENDER PAY GAP THAN THE U.S

    U.K COMPANIES MORE COMMITTED TO SOLVE GENDER PAY GAP THAN THE U.S

    News by Editorial Team 02 Jul 2019

    A study of Begom says UK workers are better aware of gender pay disparity than the US workers. More workers in the UK are aware of the pay discrimination. The survey, conducted among 1,600 employees, aimed to uncover differences between U.S. and U.K. employee perceptions. Around one-third of employers have committed to solving pay gap figures, while 13 percent of U.S employers said to do so, the study found.

     

    read more at HRDIVE
  • AFRICAN-AMERICAN WOMEN WORKERS EXPERIENCED MORE HARASSMENT

    AFRICAN-AMERICAN WOMEN WORKERS EXPERIENCED MORE HARASSMENT

    News by Editorial Team 02 Jul 2019

    Data collected between 1997 and 2016 shows a drop in sexual harassment complaints. However, a study published in the journal Gender, Work, and Organization reveals that African-American women have experienced an increased risk of sexual harassment. The study indicated that higher unemployment rate was followed by increased harassment cases.

     

    read more at HRDIVE
  • MILLIONS CELEBRATE LGBTQ PRIDE IN NEW YORK

    MILLIONS CELEBRATE LGBTQ PRIDE IN NEW YORK

    News by Editorial Team 01 Jul 2019

    On Sunday, millions of people came together on the streets of New York to wave rainbow flags and celebrate LGBTQ equality. According to the Reuters report, this was the largest gay pride celebration in history which commemorated the 50th anniversary of the Stonewall uprising. Around 150,000 marchers and 4 million spectators were present at the celebration. Top tech companies also joined the event.

     

    read more at Reuters
  • CULTURE 500 COMPARES AND RANKS COMPANY CULTURE

    CULTURE 500 COMPARES AND RANKS COMPANY CULTURE

    News by Editorial Team 01 Jul 2019

    MIT Sloan Management and Glassdoor have introduced a tool to compare and rank company culture. The tool is dubbed as ‘Culture 500’. The tool uses artificial intelligence to derive insights from Glassdoor’s data to rank companies on nine dimensions, which include collaboration, integrity, agility, diversity, customer orientation, execution, innovation, performance, and respect. The tool is created by Donal Sull.

     

    read more at HRDIVE
  • WORK APPS ARE DECREASING PRODUCTIVITY AMONG EMPLOYEES

    WORK APPS ARE DECREASING PRODUCTIVITY AMONG EMPLOYEES

    News by Editorial Team 01 Jul 2019

    Apps and tools meant to increase productivity have become distractions, a new survey conducted by GoTo found.  Employees are toggling between work and personal topics on work apps, the survey further said. Around 54 percent of employees, among 2000 surveyed, use at least five different programs at work. Loud conversations and phone calls cause workers to make mistakes, the report said.

     

    read more at HRDIVE
  • JONY IVE LEAVES APPLE

    JONY IVE LEAVES APPLE

    News by Editorial Team 28 Jun 2019

    On Thursday, Jony Ive, who is responsible for the design of all Apple devices, announced his departure from Apple. His made the disclosure in an interview with the Financial Times. Jony plans to launch a new company called LoveFrom and will remain involved with Apple in a company-client relationship, the Guardian reported. Recently, Apple became the world’s first trillion-dollar company.

     

    read more at The Guardian
  • HIGH COST STOPS U.S EMPLOYERS FROM OFFERING EDUCATIONAL BENEFITS

    HIGH COST STOPS U.S EMPLOYERS FROM OFFERING EDUCATIONAL BENEFITS

    News by Editorial Team 28 Jun 2019

    A survey from the International Foundation of Employee Benefits Plans found that 92 percent of U.S. employers offer educational benefits in one form or the other. Tuition assistance/reimbursement is the most common means, with around 63 percent of employers doing so. Majority of employers reimburse between $5,000-$5,999 at the end of the study. High cost and complex implementation of the arrangement stop remaining employers from offering educational benefit, the report said.

     

    read more at HRDIVE
  • U.S. EMPLOYERS ARE BOOSTING HEALTHCARE BENEFITS

    U.S. EMPLOYERS ARE BOOSTING HEALTHCARE BENEFITS

    News by Editorial Team 28 Jun 2019

    20 percent of employers have boosted healthcare-related and wellness benefits this year, an employee benefits survey found. Rising healthcare cost is the major motivation behind this. Workers also view healthcare benefits as most important, the survey reported. Among other benefits, the number of employers that offer student loan repayment assistance benefits has doubled. 

     

    read more at HRDIVE

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