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  • HOSPITALITY AND RETAIL WORKERS FEEL THEY ARE LAGGING BEHIND ON TECHNICAL SKILLS

    HOSPITALITY AND RETAIL WORKERS FEEL THEY ARE LAGGING BEHIND ON TECHNICAL SKILLS

    News by Editorial Team 14 Mar 2019

    Hospitality and retail workers are worried that they may be way behind the mark in their technical skills – at least half of them are as per new research from CGS that surveyed more than 600 workers in the industry. Training and development are ranking just after salary while these workers look for a new job. The research also found out that 27% of those who were surveyed said that they felt to be on their own when it came to training. The numbers spiked to 40% when it came to the telecom industry. Instructor-led training seems to be catching up as a favored method of learning with 37% of workers saying that they found it to be the most engaging.

     

    read more at HRDIVE
  • NO MORE SNACKS AND MORE LAYOFFS AS CHINA'S INTERNET COMPANIES FACE THE BIGGEST SLOWDOWN IN YEARS

    NO MORE SNACKS AND MORE LAYOFFS AS CHINA'S INTERNET COMPANIES FACE THE BIGGEST SLOWDOWN IN YEARS

    News by Editorial Team 14 Mar 2019

    Didi Chuxing, the Chinese ride-sharing giant who once drove Uber out of the country is laying off 2,000 employees, i.e. 15% of its workforce and letting go of the free snacks and complimentary yoga classes. It is not just this former national champion who is cutting cost to survive a declining growth, but names like NetEase, the gaming company and JD.com the e-commerce giant of China are also taking a similar road. Job vacancies in China’s, once formidable internet industries had declined by 20% in the last quarter of 2018 when compared from a year earlier. Experts believe that the road ahead is more perilous as the internet industry tries to cope with China’s sputtering economy.

     

     

    read more at Forbes
  • MCDONALD'S AIMS TO CURB GENDER BIAS IN JOB POSTS WITH AUGMENTED WRITING

    MCDONALD'S AIMS TO CURB GENDER BIAS IN JOB POSTS WITH AUGMENTED WRITING

    News by Editorial Team 13 Mar 2019

    McDonald’s is aiming to create feel-good moments for all and creating an all-inclusive and welcoming approach and is relying on Textio to make its recruitment process faster, better and bias-free. Textio is an augmented writing platform that uses a “massive data set of real-world hiring outcomes from hundreds of millions of job listing.” The interface then compares the language in similar documents to allow hiring managers to use the most appropriate words to draft a job description. In McDonald’s case, the brand intends to create a hiring language that puts the brand’s image as an equal-opportunity workplace by posting gender-neutral job posts.

     

    read more at HRDIVE
  • SINGAPORE CO-WORKING SPACE ASPIRES NEW HEIGHTS OF LUXURY

    SINGAPORE CO-WORKING SPACE ASPIRES NEW HEIGHTS OF LUXURY

    News by Editorial Team 13 Mar 2019

    The Great Room, Singapore’s co-working space is a notch above the average workspace in terms of luxury. With Marble floors, brushed gold finishing and coconut water in pantry fridge it is a far cry from those utilitarian co-working space. With its collaboration with the Raffles Hotel, this luxury will get a facelift. The 1500 square feet space in the Raffles Hotel will be first of its kind co-working space in a five-star hotel. The Great Room offers dedicated office space memberships that start from $1,840 per month that is 20% higher than its competitor We Work. Co-founder and Chief Executive Officer Janelle Ang say that the co-working space targets older entrepreneurs who after a successful career are starting with their own business venture.

     

    read more at Bloomberg
  • RITE AID CUTS 400 CORPORATE JOBS IN A REVAMP THAT ALSO SHAKES THE EXECUTIVE MANAGEMENT

    RITE AID CUTS 400 CORPORATE JOBS IN A REVAMP THAT ALSO SHAKES THE EXECUTIVE MANAGEMENT

    News by Editorial Team 13 Mar 2019

    Rite Aid Corp announced that it plans to cut 400 corporate positions that will affect 20% of the employees based at it is Camp Hill, Pennsylvania headquarters. The Tuesday announcement comes along with the planned exit of John Standley, Rite Aid CEO since 2010. The company that registered a loss in three out of four quarters of 2018 after selling 1,900 stores to Walgreens Boots Alliance Inc. in 2017 plans to go for a complete reshuffle and revamp to set an annual savings of $55 million out of which $42 million will be realized within the financial year of 2020. Rite Aid also announced the exit of Chief Financial Officer Darren Karst and Chief Operating Officer Kermit Crawford indicating virtual executive management step down to leave the company in the hands of Rite Aid veterans.

     

    read more at Reuters
  • HOME DEPOT GROWING HIRING TECH IN ITS OWN BACKYARD TO HIRE 80K ASSOCIATES

    HOME DEPOT GROWING HIRING TECH IN ITS OWN BACKYARD TO HIRE 80K ASSOCIATES

    News by Editorial Team 12 Mar 2019

    Home Depot is all set to welcome its very own seasonal hiring version 2.0 with a new technology, grown in-house by its technicians. The home improvement giant intends to hire 80,000 associates during the spring season for its 2,000 stores and more than 100 distribution centers in the U.S. in both part-time and full-time jobs. The company believes that new technology will allow them to hire better and faster. This comes after last spring’s success of the tech christened Candidate Self Service that allowed supply chain applicants to schedule job interviews on their own. Home Depot claims that around 1 million candidates have used this technology since its launch. The aim of technology as per Tim Hourigan, Vice President HR is to allow candidates to control their own journey and “welcome new hires into our family faster than ever.”

     

    read more at HRDIVE
  • EX-KPMG EMPLOYEE AND EX-PCAOB EMPLOYEE CONVICTED OF EIRE FRAUD IN LEAK CASE

    EX-KPMG EMPLOYEE AND EX-PCAOB EMPLOYEE CONVICTED OF EIRE FRAUD IN LEAK CASE

    News by Editorial Team 12 Mar 2019

    A former employee at KPMG, David Middendorf and a former employee of Public Company Accounting Oversight Board (PCAOB), Jeffery Wada were found guilty of passing confidential information to the big four audit firm to pass inspection. PCAOB is a private body who inspects audits by firms like KPMG and it was between 2015-2017 that Wada, then working with the accounting industry oversight body passed on confidential information to Middendorf, the then HOD at KPMG. They were, however, acquitted on one count of conspiracy to defraud U.S. government. Nelson Boxer, a lawyer representing Middendorf said though they were happy about “one not guilty verdict” they were disappointed with the verdict that convicted both of wire fraud and conspiracy to commit wire fraud. The party intends to appeal against the verdict of a jury in federal court in Manhattan. Wada’s lawyer, Justin Weddle refused to comment.

     

    read more at Reuters
  • PARCEL CARRIERS SEE A PLUMMETED HIRING AFTER A HIGH AS 9,700 JOBS WERE SLASHED IN FEBRUARY

    PARCEL CARRIERS SEE A PLUMMETED HIRING AFTER A HIGH AS 9,700 JOBS WERE SLASHED IN FEBRUARY

    News by Editorial Team 12 Mar 2019

    Martina Gimbel, director of economic research at Indeed.com said regarding February 2019, “This was not a great month for couriers and messengers” and she is right as parcel delivery firms cut 97,000 jobs last month as hiring in the sector nose-dived. The slump is the lowest since January 2017 in a sector that has added over 53,100 jobs in the last year and includes names like United Parcel Service Inc. and FedEx. Corp. Warehouse and Trucking Companies, another significant peripheral of parcel-delivery apart from the giants Courier and messenger companies added 4,800 jobs from January to February. Ms. Gimbel also noted that the slump might not be a reason to fret in a volatile market in the wake of that payrolls have increased by 8% in a year in courier and messenger industry.

     

  • VODAFONE IN NEW ZEALAND OFFERS REDUNDANCY TO ABOUT 2000 EMPLOYEES BEFORE ITS IPO

    VODAFONE IN NEW ZEALAND OFFERS REDUNDANCY TO ABOUT 2000 EMPLOYEES BEFORE ITS IPO

    News by Editorial Team 11 Mar 2019

    Vodafone PLC’s New Zealand unit is planning to offer voluntary redundancy for its 2000 employees citing business review ahead of its stock market listing next year. The move impacted most of its 3000 employees strong unit barring the frontline call center and retail team members. Vodafone New Zealand’s CEO Jason Paris, who was recently appointed said that the company is trying to get in shape before its first IPO slated to be in 2020. The firm opened shop in 1998 in the country and currently has 2.4 million customers and 72 retail chops with 3000 employees, some of whom have already accepted the redundancy proposal as per the company spokesperson.

     

    read more at Reuters
  • BANKS EMULATE TECH WORKSPACES TO LURE YOUNG TALENT

    BANKS EMULATE TECH WORKSPACES TO LURE YOUNG TALENT

    News by Editorial Team 11 Mar 2019

    Nordea Bank’s Copenhagen headquarters replaced its gray-suits for mustard robe wearing tattooed model in an attempt to lure the twenty-somethings and thirty-somethings millennials in the workforce. The largest name in finance among the Nordic countries put the said step forward to woo young talent as banks get more online and face the talent battle against IT giants like Amazon and Google. The banking industry has evolved and as per Christian Ronn Osteraas, Danske Bank’s head of real estate, “Banks are more and more IT companies.” So, as these financial companies are competing for the same pool of talent should provide similar physical facilities and office ambiance. Nordea is pushing for a “start-up feeling” getting its inspiration from Silicon Valley and Disney to lure AI and IT talent in their system.

     

    read more at Reuters
  • WOMEN ARE MORE SELECTIVE WHEN IT COMES TO JOB APPLICATION

    WOMEN ARE MORE SELECTIVE WHEN IT COMES TO JOB APPLICATION

    News by Editorial Team 11 Mar 2019

    Women take their time and are more selective while applying to new jobs says a LinkedIn study. The study that is based on 610 million users across 200 countries also said that men are 68% more likely to ask for referral than men. Women are 14% less likely to apply for a job after viewing it and are 16% more likely to be hired than men for the job applied. This can be attributed to women applying for a job only when the qualifications are an exact match showcasing a risk-avoiding selection. For women, the job description and company is more favorable if it has the expected salary undisclosed as it guarantees a fair pay workplace for them.

     

    read more at HRDIVE
  • UNILEVER USA AND IBM AMONG THE TOP NAMES WHO PROMOTE WOMEN EXECUTIVES

    UNILEVER USA AND IBM AMONG THE TOP NAMES WHO PROMOTE WOMEN EXECUTIVES

    News by Editorial Team 08 Mar 2019

    Unilever USA, Marriott International, Johnson & Johnson, Procter & Gamble, IBM, JLL, Eli Lily & Company, and Loreal USA are among the top 10 in National Association of Female Executives 2019 Top 70 Companies for Executive Women. This year’s list had top names in pharmaceutical and hospitality topping the charts to become employers who, “prepare, promote and push women to executive levels.” Female CEOs at these companies increased by 5% bringing the number to 19% that outpaces the S&P 500. The number of board of directors increased to 32% this year from 30% in 2018. The results are promising and welcome news for a March 8, but there is a lot to achieve going forth.

     

    read more at HRDIVE
  • PAYROLL GAINS COOL, BUT WAGES RISE AFTER A ROBUST HIRING TREND LAST MONTH

    PAYROLL GAINS COOL, BUT WAGES RISE AFTER A ROBUST HIRING TREND LAST MONTH

    News by Editorial Team 08 Mar 2019

    The job engine in America might be showing signs of a cool-down, but wages are supposed to carry on their upward journey, courtesy a tight job market. The unemployment rate fell a tenth of a point to 3.9% since last month and the nonfarm payrolls continued to grow by almost 180,000 despite the fact that it slumped from last month’s 304,000. The rate of unemployment is the lowest since 1969 and the hourly wages jumped 0.3% from the last month to get a 3.3% annual gain. A robust hiring trend will likely ease off the tension that a decade old expansion was bringing in to the corporate psyche.

     

    read more at Bloomberg
  • U.S. DEPARTMENT OF LABOR ANNOUNCES A PLAN TO EXTEND OVERTIME PAY EXPANSION

    U.S. DEPARTMENT OF LABOR ANNOUNCES A PLAN TO EXTEND OVERTIME PAY EXPANSION

    News by Editorial Team 08 Mar 2019

    The verdict is out on overtime pay extension and the U.S. Department of Labor announced on Thursday its intention to extend overtime benefits to a million more worker. The number is way below than the proposed threshold of $4700 in 2016 that would have impacted 4 million workers. The current overtime threshold is below $23,660, an amount that was set in 2004. The new threshold of $35,308 comes with a promise of review every three years by the current government and after a federal judge in Texas struck out 2016, Obama government’s proposed figure saying that it would bring many management workers in the overtime pay regulation and they, as a rule, are exempted from it.

     

    read more at Reuters
  • HIRING FLEXIBILITY AND SOFT SKILLS TO RULE THE 2019 RECRUITMENT SCENE

    HIRING FLEXIBILITY AND SOFT SKILLS TO RULE THE 2019 RECRUITMENT SCENE

    News by Editorial Team 07 Mar 2019

    Flexibility in hiring is a must-have component in the recruitment recipe for 2019 says a new CareerBuilder study based on The Harris Poll surveys. Forty percent of the employers in the study wanted to fill vacancies with a full-time employee and forty-seven percent of them are looking to hire part-time employees. Though the numbers have come down from last year’s respective percentages of 44 and 51, the hiring game will see a strong run in 2019 with talent crunch still sitting as the main theme as 50% of HR managers with open positions say that they cannot find candidates who suit the job role to perfection. The study also found that soft skills will be the focus of employers while 32% of current workers are looking to change in 2019 citing poor pay and bad company culture as major reasons.

     

    read more at HRDIVE
  • COLLEGE DEGREE NOT MANDATORY AS CEOS TELL TRUMP THAT THEY ARE HIRING MORE AMERICANS WITHOUT IT

    COLLEGE DEGREE NOT MANDATORY AS CEOS TELL TRUMP THAT THEY ARE HIRING MORE AMERICANS WITHOUT IT

    News by Editorial Team 07 Mar 2019

    Chief Executive Officers who gathered at a White House Forum remarked that they were not necessarily and always looking at four-year graduation while hiring Americans in the wake of scarce applicants for an open position. The forum had leaders of major firms like Apple Inc, Lockheed Martin Corp, IBM Corp, Home Depot Inc and Siemens USA joining the 25-member board co-chaired by President Trump’s adviser and daughter Ivanka Trump and Commerce Secretary Wilbur Ross. Tim Cook, CEO Apple noted that last year the company hired nearly 50% of non-college degree holders. Lockheed Martin CEO Marillyn Hewson was also of a similar opinion as she said that out of 14,000 people the company hired half of them did not possess a college degree and 6,500 of them were in manufacturing. 

     

    read more at Reuters
  • WITH APPLE-QUALCOMM LEGAL BATTLE AT ITS BACKDROP APPLE PLANS ADDING 1,200 EMPLOYEES IN SAN DIEGO

    WITH APPLE-QUALCOMM LEGAL BATTLE AT ITS BACKDROP APPLE PLANS ADDING 1,200 EMPLOYEES IN SAN DIEGO

    News by Editorial Team 07 Mar 2019

    Apple Inc. plans to bring 1,200 employees to Sand Diego over three years in an expansion move. Notably, this move will plant Apple in the backyard of Qualcomm, the chipmaker for Apple and currently its legal rival. The announcement comes pertinent step towards the company’s motive to reduce its reliance on third-party for chips and modems. The current multinational legal battle between Apple and Qualcomm is chiefly due to the latter’s allegation of Apple violating its patent, while Apple alleged that Qualcomm inaccurately charged royalties. Last month reports were ripe that Apple was moving its modem chip engineering team to in-house hardware technology group from its supply chain unit indicating its intention to produce a component that it earlier procured from Qualcomm.

     

    read more at CNBC
  • GOLDMAN SACHS DROPS THE TIE AND SUIT TO WEAR A MORE CASUAL OUTFIT

    GOLDMAN SACHS DROPS THE TIE AND SUIT TO WEAR A MORE CASUAL OUTFIT

    News by Editorial Team 06 Mar 2019

    Goldman Sachs Inc. will shed its business suits and formal shoes to wear more casual attire. The Wall Street firm on Tuesday declared a “firm-wide flexible dress code” in its internal memo stating the changing nature of the workplace and its tilt towards a more casual attire behind the move. The memo intended for the bank’s 36,000 employees was penned by Chief Executive Officer David Solomon, a former investment banker. As the tradition dictated till now, the Goldman Sachs was a strictly white-shoe investment bank that required business suit as a requirement. The move succeeds the 2017 decision to implement a more casual dress code for its technology and other digital business avenues.

     

    read more at Reuters
  • L&D INITIATIVES CAN ENABLE EMPLOYEES TO FIGHT PERSONAL AND PROFESSIONAL DATA THREATS

    L&D INITIATIVES CAN ENABLE EMPLOYEES TO FIGHT PERSONAL AND PROFESSIONAL DATA THREATS

    News by Editorial Team 06 Mar 2019

    In the absence of a comprehensive employment data privacy law, the threat looms large on corporate data. Human error and more precisely human negligence can be attributed to most of the data breaches. Supporting the statement is the Shred-it report that says more than half of the leaders believe that employee negligence leads to most of the breaches. Assimilation of official and company data in personal devices like smartphones leave data vulnerable to hackers. PII training and adhering to the three O’s - onboarding, ongoing and off-boarding in the learning and development initiatives can thwart the threats in the womb.

     

    read more at HRDIVE
  • APPOINTED A CDO? IT MAY NOT BE ENOUGH FOR A TRULY DIVERSE WORKPLACE

    APPOINTED A CDO? IT MAY NOT BE ENOUGH FOR A TRULY DIVERSE WORKPLACE

    News by Editorial Team 06 Mar 2019

    Appointing a Chief Diversity Officer may not be enough to catapult a company’s diversity initiatives and a recent survey by Russell Reynolds Associate, a management consulting firm supports the statement. The study found out that nearly half, i.e. 47% of the surveyed companies has a Chief Diversity Officer, but a good number of them, i.e. 63% were appointed or promoted to their roles within three years. A short time to expect significant changes especially when resources pooled in for diversity is scant. About 97 CDOs interviewed in the report said that the resources and support from their organizations did not meet expectations and also the CDO initiatives were ill-aligned with organizational goals.

     

    read more at HRDIVE

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