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  • WEWORK STAFF OUTRAGES AGAINST CEO'S PAYOUT

    WEWORK STAFF OUTRAGES AGAINST CEO'S PAYOUT

    News by Editorial Team 23 Oct 2019

    Adam Neumann, Founder, WeWork, will get as much as $200 million while thousands of workers are on the verge of losing their jobs, reports Bloomberg. Softbank, the Japanese VC, will invest $6.5 billion and secure as much as 80 percent in the company, helping it stay afloat during its financial crisis. WeWork employees are showing signs of outrage against Neumann’s payout.  

     

    read more at Bloomberg
  • COMPANIES ARE REQUIRED TO TRAIN WORKERS

    COMPANIES ARE REQUIRED TO TRAIN WORKERS

    News by Editorial Team 23 Oct 2019

    Increasing digital transformation will require companies to train workers, suggests HR Dive. “New World, New Skills”, THE PwC training initiative backed by a $3 billion investment, aims to upskill its workforce for the future. Businesses should consider the fear and anxiety of being left behind among employees and the impact of income inequality due to this. People’s development is their responsibility, and access to learning can be offered by companies.

     

    read more at HRDIVE
  • NIKE'S CHIEF EXECUTIVE OFFICER STEPS DOWN

    NIKE'S CHIEF EXECUTIVE OFFICER STEPS DOWN

    News by Editorial Team 23 Oct 2019

    Nike’s Chief Executive Officer Mark Parker will step down from his position and continue as Executive Chairman, said Nike on Tuesday. Parker will be succeeded by former eBay CEO and Nike board member John Donahoe. Kevin Plank, founder, and CEO, Under Armour, another athletic company, had announced his departure from his chief executive position. Nike’s sales increased and its stock soared during Parker’s time.

     

    read more at Fortune
  • JP MORGAN TO HIRE PEOPLE WITH CRIMINAL BACKGROUNDS

    JP MORGAN TO HIRE PEOPLE WITH CRIMINAL BACKGROUNDS

    News by Editorial Team 22 Oct 2019

    On Monday, JP Morgan Chase announced the expansion of its efforts to hire people with criminal backgrounds. In 2018, the company hired 2,100 people with criminal records. Applicants with criminal backgrounds are considered for entry-level jobs, the company says. Since 2000, ‘Banning the box’, a move that eradicates asking questions related to the criminal background from job applications has been going on. 

     

    read more at Forbes
  • TALENT IS KEY FOR SUCCESSFUL AI STRATEGIES

    TALENT IS KEY FOR SUCCESSFUL AI STRATEGIES

    News by Editorial Team 22 Oct 2019

    A study released by MIT Sloan Management Review and Boston Consulting Group’s BCG GAMMA and BCG Henderson Institute says companies that report value gain from adopting artificial intelligence recognize that investment in talent is required. The demand for talent in AI skills has risen steadily in the past few years. Between January and September 2018, job openings increased by 63%, according to CompTIA.

     

    read more at HRDIVE
  •  U.S BANCORP TO CUT OFF THOUSANDS OF WORKERS

    U.S BANCORP TO CUT OFF THOUSANDS OF WORKERS

    News by Editorial Team 22 Oct 2019

    Chief Executive Officer Andy Cecere, U.S Bancorp, in a memo said, the company had “made the difficult decision to eliminate their jobs because customer behaviors have changed”, Bloomberg reported. The job cuts will amount to less than 2% of the company’s workforce. The job cuts, however, won’t lead the bank’s 3,700 branches to close. 

     

    read more at Bloomberg
  • MEXICAN GRILL EXPANDS EDUCATION BENEFITS

    MEXICAN GRILL EXPANDS EDUCATION BENEFITS

    News by Editorial Team 18 Oct 2019

    Chipotle Mexican Grill employees can now pursue business and tech degrees for free, under the company’s education benefit program. Debt-free degree benefits will give workers a chance to gain the skills and knowledge needed for next-gen jobs, the company said. Chipotle pays 100% of the tuition for 75 types of business and tech degrees.

     

    read more at HRDIVE
  •  WELLS FARGO PENALIZED FOR GENDER DISCRIMINATION

    WELLS FARGO PENALIZED FOR GENDER DISCRIMINATION

    News by Editorial Team 18 Oct 2019

    Wells Fargo discriminated against more than 2,300 candidates for online customer service representatives and phone bankers positions in three U.S. cities, Bloomberg reports. The U.S Department of Labor found the bank discriminated against them and the company now must pay about $600, 000 in back wages, benefits and interest to individuals. The bank agrees to revise its selection process and train hiring managers. 

     

    read more at Bloomberg
  • ROBIN DANIELS LEAVES WEWORK

    ROBIN DANIELS LEAVES WEWORK

    News by Editorial Team 18 Oct 2019

    Robin Daniels, Chief Marketing Officer, WeWork is leaving this week, Bloomberg reports. Daniels is the fifth executive to step down in the last few weeks. Adman Neuman and wife Rebekkah Neuman, CEO and Chief Brand Officer respectively, stepped down after the company failed at IPO last month. The company will soon run out of money, as early as next month, reports suggest.

     

    read more at Bloomberg
  • BOEING'S BOARD SPLITS CEO'S ROLE

    BOEING'S BOARD SPLITS CEO'S ROLE

    News by Editorial Team 17 Oct 2019

    Dennis Muilenburg, Chief Executive Officer of Boeing, announced he was fully supportive of the board’s decision to split his chairman and CEO roles. The move comes after Boeing, the world’s large plane maker, was criticized for the development of the 737 MAX. The company wants to focus on strengthening Boeing’s governance and safety management processes, Reuters suggests.

     

    read more at Reuters
  • LA COURTS' SENTENCED WORKERS FACE MISTREATMENT

    LA COURTS' SENTENCED WORKERS FACE MISTREATMENT

    News by Editorial Team 17 Oct 2019

    Los Angeles courts force nearly 1,00,000 people to do weeks and months of community service, new research from the University of California says. Court-mandated community service accounts for nearly 8m hours of unpaid work over a year, which is equivalent to 4,900 paid jobs. These workers face sexual harassment, abuse, injuries or other forms of mistreatment, but have few options, the research said.

     

    read more at The Guardian
  • JOB HOPPING NO LONGER A TABOO

    JOB HOPPING NO LONGER A TABOO

    News by Editorial Team 17 Oct 2019

    A new report from iHire says job hopping is no longer seen as a red flag in recruiting. The survey conducted by iHire among more than 1000 job seekers found they had voluntarily left their jobs in the last five years. 75 percent of respondents said they planned to not stay for more than 5 years and 31 percent planned to stay for less than one year.

     

    read more at HRDIVE
  • WEWORK PLANS TO LAYOFF 2,000 WORKERS

    WEWORK PLANS TO LAYOFF 2,000 WORKERS

    News by Editorial Team 16 Oct 2019

    WeWork may layoff 2,000 workers this week, the Guardian said. Reportedly, new projects are put on hold and workers are preparing for the freeze. WeWork was forced to pull out its IPO. “The atmosphere is toxic. A lot of people worked so hard for this company. We thought we were in on something really big”, a worker said.

     

    read more at The Guardian
  • MANAGERS HOLD WORKERS BACK FROM MORE RESPONSIBILITY

    MANAGERS HOLD WORKERS BACK FROM MORE RESPONSIBILITY

    News by Editorial Team 16 Oct 2019

    A new poll from Kimble Applications says employees want more responsibilities at work. However, managers seem to hold them back. 83 percent of employees polled in the survey said they want their managers to seek their opinion more often. Workers want to contribute, make an impact and have their voices heard”, Kimble Applications said in a statement. 

     

    read more at HRDIVE
  • LEADERS ROOT CULTURAL TRANSFORMATION

    LEADERS ROOT CULTURAL TRANSFORMATION

    News by Editorial Team 16 Oct 2019

    Microsoft’s Chief People Officer, Kathleen Hogan, says “we’re always trying to close the gap between our aspired culture and the daily experience of our employees. You can’t freeze culture in a declaration.” The reaction of leaders in tough moments shapes the culture of learning and failure.

     

    read more at Forbes
  • LULULEMON WORKERS CLAIM PHYSICAL ASSAULT

    LULULEMON WORKERS CLAIM PHYSICAL ASSAULT

    News by Editorial Team 15 Oct 2019

    Female workers at a Bangladeshi factory from which Lululemon sources clothing claim they are beaten, the Guardian reported. Lululemon said it has a strict code of practice and doesn’t tolerate any violence of this sort. Interestingly, the brand had launched a partnership with the United Nations to reduce stress levels and promote the mental health of aid workers, the Guardian says.

     

    read more at The Guardian
  • 90% WORKERS BULLIED AT WORK

    90% WORKERS BULLIED AT WORK

    News by Editorial Team 15 Oct 2019

    90 percent of workers are bullied at work, a new poll from Monster says. About 51 percent of respondents are bullied by superiors. Nearly 40 percent are bullied by fellow coworkers, and about 4 percent are bullied by clients, customers, and people other than coworkers, the report found out. Bosses who bully damage the mental well-being of their coworkers, the report said.

     

    read more at HRDIVE
  • CPM BOOSTS WORKERS PRODUCTIVITY

    CPM BOOSTS WORKERS PRODUCTIVITY

    News by Editorial Team 15 Oct 2019

    HR professionals with continuous performance management (CPM) programs are more satisfied with their performance management process, new research from Betterworks says. The research was conducted among 500 professionals in the U.S. and 250 in the UK. Two-third of respondents reported an increase in productivity and motivation among employees, and 85 percent of respondents said CPM boosted employee performance.

     

    read more at HRDIVE
  • PARENTING MAKES WORK DIFFICULT

    PARENTING MAKES WORK DIFFICULT

    News by Editorial Team 14 Oct 2019

    A Pew Research Center survey says half of working parents (50%) feel that parenting makes work difficult for them. The same number of parents said they couldn’t give their 100% on the job. A little more than half of the mothers (54 %) said parenting made it hard for them to advance in their careers, HR Dive reports.

     

    read more at HRDIVE
  • WORKERS WITH MENTAL HEALTH CONDITION EXPERIENCE MOST DISCRIMINATION

    WORKERS WITH MENTAL HEALTH CONDITION EXPERIENCE MOST DISCRIMINATION

    News by Editorial Team 14 Oct 2019

    Mental Health Condition is a common reason for workplace discrimination, Kantar’s Inclusion Index analysis says. The analysis was conducted on the responses collected from 18,000 workers in 14 countries. Over one-third of employees with a mental disorder reported experiencing discrimination based on their condition. The survey discovered 38 percent of employees experience mental health issues.

     

    read more at HRDIVE

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