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  • SWITZERLAND SETS QUOTA FOR BRITONS TO WORK, STAY AND VISIT POST BREXIT

    SWITZERLAND SETS QUOTA FOR BRITONS TO WORK, STAY AND VISIT POST BREXIT

    News by Editorial Team 14 Feb 2019

    With all eyes set to March 30 and Brexit, Switzerland announced a quota that will allow Britons to work, reside and travel in the country if Britain leaves the EU without an exit deal. The quota will apply from March 30 to December 31 and will allow 3,500 thousand first time visitors to Switzerland with a British passport to hold a job. The residence permit will have the maximum limit of 2,100, while an additional 1,400 short stay permits will be feasible. This quota is aimed to replace the current Agreement of Free Movement of Persons between Switzerland and Britain that will breathe its last on March 30.

     

    read more at Reuters
  • EMPLOYEES AT THYSSENKRUPP ARE NOT HAPPY ABOUT ITS JV WITH TATA STEEL

    EMPLOYEES AT THYSSENKRUPP ARE NOT HAPPY ABOUT ITS JV WITH TATA STEEL

    News by Editorial Team 14 Feb 2019

    Labor leaders and Union may be the spoilsport in the proposed joint venture between ThyssenKrupp and Tata Steel if concessions in the antitrust proceedings go too far. Labor leaders hold half the seats on the ThyssenKrupp supervisory board are opposed to the merger that plans to bring together Thyssenkrupp’s and Tata Steel’s European operations under the same roof making it one of the largest steelmakers in the continent second only to ArcelorMittal. Markus Grolms, vice chairman of ThyssenKrupp's supervisory board and secretary at IG Metall, Germany’s biggest labor union said: “We won’t support a merger at any price.” The labor union holds 10 out of 20 seats and the situation may escalate to a possible veto. The steel-to-submarine group looked confident about the merger that forms a key ingredient of the company’s transformational plans that will see its elevator, car parts and plant engineering units listed as separate entities.

     

    read more at Reuters
  • GINNI ROMETTY AND TIM COOK IN THE ADVISORY BOARD OF DONALD TRUMP'S PANEL FOR AI AND AUTOMATION

    GINNI ROMETTY AND TIM COOK IN THE ADVISORY BOARD OF DONALD TRUMP'S PANEL FOR AI AND AUTOMATION

    News by Editorial Team 14 Feb 2019

    IBM CEO Ginni Rometty and Apple CEO Tim Cook will be a part of President Donald Trump’s business advisory board that aims to help the current U.S. workforce to be automation and artificial intelligence ready. The National Council for American Worker was established by the President by executive order last July and called out to create an environment of lifelong learning and upskilling. The U.S. Department of Commerce began accepting nominations for the Advisory Board in August and now has a list of 25 members that includes CEOs of Home Depot, Walmart, Lockheed Martin along with Cook and Rometty.

     

    read more at Fortune
  • GOOGLE MAY HAVE MORE PEOPLE WORKING FOR IT THAN THE WHOLE OF U.S. NEWSPAPER INDUSTRY

    GOOGLE MAY HAVE MORE PEOPLE WORKING FOR IT THAN THE WHOLE OF U.S. NEWSPAPER INDUSTRY

    News by Editorial Team 13 Feb 2019

    Alphabet Inc. that is virtually all Google released an annual 10-K report saying it has 98,771 employees which are close to touching the 139,900 employees of the entire U.S. Newspaper industry. The comparison is not fair as Google’s operations are global as opposed to the national nature of newspaper operations, but the revelation is unsettling. It is noteworthy to see that Alphabet has many contractors or the red-badged workers who may very well exceed the employees or white-badged full benefits staff. If this is the case then their number will exceed that of the U.S. newspaper staff, though they have many stringers and contract workers who go unaccounted.

     

    read more at Bloomberg Quint
  • SUNTRUST AND BB&T MERGER MAY LEAVE OLDER EMPLOYEES WITHOUT A JOB

    SUNTRUST AND BB&T MERGER MAY LEAVE OLDER EMPLOYEES WITHOUT A JOB

    News by Editorial Team 13 Feb 2019

    Wall Street seems happy about the upcoming SunTrust and BB&T merger as stocks went anti-gravity after the announcement. The baby boomers working for both the banks did not take the news as a welcome change as it may mean merger layoffs. The merger is a pragmatic move in pooling resources together to invest in technology to stay relevant in the race that has bigger names like JPMorgan. The companies target at least $1.6 billion in annual cost saving by 2022, the money will be directed towards technology or to return more capital to the shareholders. The banks are shrinking their headcount ever since 2008, SunTrust shrunk to 24,000 from its earlier 34,000 in 2006. Shrinking due to retirement and attrition leaves an older pool of employees in the company those are not always ready to take up current challenges. The banks need to come up with better unemployment clauses for older employees as the job market is not very friendly towards them.

     

    read more at Bloomberg Quint
  • RECRUITMENT MAY GO VIDEO, AT LEAST WORKERS WANT IT TO, SAYS REPORT

    RECRUITMENT MAY GO VIDEO, AT LEAST WORKERS WANT IT TO, SAYS REPORT

    News by Editorial Team 13 Feb 2019

    Monster’s latest State of Candidate Report found that workers will like to see the recruitment process go video. A good three-fourths of people believed that recruitment drives and their search should have increased video presence. Though younger candidates preferred a video by the recruiter explaining the job as a better medium of understanding the profile, a total of 80% in the mixed age survey agreed on the similar lines. The video mediums that found the mentions were, video call with the recruiter, a video resume and video job description. Video resumes may soon become the trend and may develop into a norm as a third of respondents feel that traditional resumes did an incomplete task of representing them.

     

    read more at HRDIVE
  • HOPING FOR THE BEST PREPARING FOR THE WORST, HR SHOULD PREPARE FOR DOWNTURN EVEN IF IT'S UNLIKELY

    HOPING FOR THE BEST PREPARING FOR THE WORST, HR SHOULD PREPARE FOR DOWNTURN EVEN IF IT'S UNLIKELY

    News by Editorial Team 12 Feb 2019

    The recession may be or may not be in the cards, but the HT needs to gear up for a downturn. A Wall Street Journal poll found that while only 4.3% economists believed that the recession wave will hit shores by 2019, a good 45.7% of them believed that there will be a downturn by 2020. The current turmoil around the U.S.- China trade negotiations and Brexit will reflect poorly on the economy, even if there is no global recession, wrote Nouriel Roubini, professor of economics at NYU Stern School of business in a Guardian article. The U.S. businesses may not yet be ready for a downturn in the wake of a strong labor market and HR operating in a candidate’s market.

     

    read more at HRDIVE
  • 10,000 CORPORATE STAFF AT UBS TO GO UNDER A CHANGE OF BONUS SYSTEM

    10,000 CORPORATE STAFF AT UBS TO GO UNDER A CHANGE OF BONUS SYSTEM

    News by Editorial Team 12 Feb 2019

    UBS Group AG, the multinational investment bank and financial services company is bidding adieu to individual bonuses and will, from now pay its staff at its corporate center a percentage of their annual salary. Igor Moser, a spokesperson speaking on the behalf of the bank declined to state a figure and said the confirmation for the same will be made public by March. He further said that the employees who have a chance to see a dip in salary because of the move will have a top up on their fixed pay and the payout will be roughly half a month’s salary. The move will affect about 10,000 staff at their corporate center, but as per CEO Sergio Ermotti that UBS’s total bonus pool of 3.1 billion francs will stay the same this year and hence he does not expect “many big movements.”

     

    read more at Bloomberg
  • DENVER TEACHERS ADD ANOTHER RIPPLE IN THE WAVE OF WALKOUTS

    DENVER TEACHERS ADD ANOTHER RIPPLE IN THE WAVE OF WALKOUTS

    News by Editorial Team 12 Feb 2019

    Monday morning saw about half of the public school teachers amounting to 2,100 calling in absent as they picketed outside before the start of the school day in a strike over pay. Several students joined their teachers outside in the strike that was called after a year of negotiations between The Denver Classroom Teachers Association and Denver Public school ended in Saturday with disappointment for both the parties. This comes as an addition to the wave of teacher activism that the U.S. is seeing since the last spring. Alec Garnett, the majority leader in the Colorado house said that the strike undermined the need to boost funds for the public school and said the lawmakers should focus towards putting more money into the class than in administration. The schools barring preschools remained open with administrators and substitute teachers staffing them.

     

    read more at The Guardian
  • JANUARY WAS THE MONTH OF RECORD CEO EXITS SAYS REPORT

    JANUARY WAS THE MONTH OF RECORD CEO EXITS SAYS REPORT

    News by Editorial Team 11 Feb 2019

    January saw a spike in CEO exits for the U.S. based companies says a report by the HR firm Challenger, Gray & Christmas, Inc. The last month saw 157 heads of the companies step down from the helm, a 22% growth from the December number of 129 and a 19% boom from the January 2018 figures of 132. Challenger, the publisher of the report put the onus of these exits on the lookout for new leadership in an economy which is, “strong but uncertain”. Most of the CEOs stepped down to take other roles like chairperson or other executive ranks within the company. Some of them hung their hats in retirement, while the others left for what they assume greener pastures. A third of them left due to an internal investigation. Non-profit sector followed by healthcare and finance saw the most number of CEO exits.

     

    read more at HRDIVE
  • COMPANIES WALK IN THE SHOES OF 'STEWARDS OF SOCIETY' UP THEIR CSR GAME

    COMPANIES WALK IN THE SHOES OF 'STEWARDS OF SOCIETY' UP THEIR CSR GAME

    News by Editorial Team 11 Feb 2019

    Companies are increasingly realizing their role as ‘stewards of society’ and are stepping up their CSR initiatives says a Deloitte Global Survey. The survey named “The rise of the socially responsible business” found that an overwhelming 93% of the respondents believed that their company are ‘stewards of society’ and 95% said that they had bigger CSR plans for 2019. 59% of the respondents said that they currently spend 1 to 5% of their revenues in CSR, while two-thirds of them admit that they increased the CSR funding in the last two years. The CSR focus areas for 2019 remain, education, computer literacy, income equality and climate change as companies look to integrate corporate social responsibilities with business strategies.

     

    read more at HRDIVE
  • IT'S POOR INTERVIEW PERFORMANCE AND NOT GENDER BIAS, THE JURY FEELS AS IT SIDES WITH FEDEX

    IT'S POOR INTERVIEW PERFORMANCE AND NOT GENDER BIAS, THE JURY FEELS AS IT SIDES WITH FEDEX

    News by Editorial Team 11 Feb 2019

    The Jury at Free V. Federal Express Corporation was not convinced that the plaintiff, Christi Free, a FedEx employee was turned down an offer for promotion due to gender bias. The district court allowed the case to go to the jury because it felt that poor interview performance is a legitimate and non-discriminatory reason for denying a promotion. Free, applied multiple times for a posting for Global Operations Control Manager, FedEx rejected her application as they said they found the interview below par. The alleged discriminatory comment that Free brought forward were made by the supervisor of the interviewer and not the interviewer. Also, a separate discriminatory remark relating a female employee as “cute” was directed at another female employee. The jury, however, acknowledged the discriminatory practices of scoring male and female interviews differently and the practice of passing derogatory comments in FedEx.

     

    read more at HRDIVE
  • BIG COMPANIES GO APP FISHING TO CONNECT WITH EMPLOYEES

    BIG COMPANIES GO APP FISHING TO CONNECT WITH EMPLOYEES

    News by Editorial Team 08 Feb 2019

    Employers are leaning on apps to stay connected to their employees as the app deployment by large firms has increased 68% over the last four years. The analysis by Okta Inc. further said that by 2018 the average stood to 129apps per company. 10% of these companies have more than 200 apps in their enterprise IT systems. While the study found larger firms to use apps more than ever, the inclination of using apps is not very viral though the number increased to 73 from a modest 53 of 2015. In another report, Gartner Inc. said that the global spending on apps is expected to increase by 8.5% to a total of $431 billion and a bulk of it will be driven by cloud-based subscriptions.

     

  • SAFETY AND SECURITY CAN BRING INCENTIVES TO THE EMPLOYEES AT FACEBOOK

    SAFETY AND SECURITY CAN BRING INCENTIVES TO THE EMPLOYEES AT FACEBOOK

    News by Editorial Team 08 Feb 2019

    If you are working at Facebook then its time you give the task of weeding out misinformation some serious thought, like Mark Zuckerberg, CEO Facebook announced a bonus shift in this direction at a recent all-hands-meet. The company intends to revisit its compensation structure and base bonuses on how much of misinformation an employee can weed out to promote safety and security as a priority on Facebook. The company stated that the cogs and wheels of how Facebook runs have “fundamentally changed and the compensation and incentive structure needs to reflect the change. Though a price tag is yet to be placed on these bonuses, the shift is very much in motion.

     

    read more at HRDIVE
  • CHEVRON PUTS EXECUTIVE COMPENSATION TO METHANE AND FLARING REDUCTION GOALS

    CHEVRON PUTS EXECUTIVE COMPENSATION TO METHANE AND FLARING REDUCTION GOALS

    News by Editorial Team 08 Feb 2019

    The U.S. oil major Chevron Corp. is going green in their executive compensation by tying them to greenhouse gas emission targets and rank-and-file bonuses to the reductions. The announcement came in their latest climate report release. The move is a first by any U.S. oil powerhouse till date and comes under the heels of pressure by investors to cut back on emissions. Chevron targets to reduce its methane and flaring intensity by 25-30% from its 2016 levels. The goal will be a part of incentive scorecard for its 45,000 employees. The company skipped addressing reducing the total carbon footprint of the company and as per Danielle Fugere, president of the investor group As You Sow “will not achieve the reductions needed to stabilize the climate and reduce growing economy wise and thus portfolio wise risk to investors.”

     

    read more at Reuters
  • VERMONT SAYS NEW PARENTS CAN BRING THEIR 'INFANTS IN THE WORKPLACE'

    VERMONT SAYS NEW PARENTS CAN BRING THEIR 'INFANTS IN THE WORKPLACE'

    News by Editorial Team 07 Feb 2019

    “Infants in the workplace” a program launched by the state of Vermont may take away the caregiving woes from the state employees there. The program allows approved state employees to bring their newborns to work starting from 1st of February. To come in the league of “approved employees’ eligible parents should get a go-ahead from their supervisor and certain departmental heads. The final choice for implementing the program lies with the state agencies. The agencies of Agriculture, Administration, Digital Service, Natural Resources, Education and Transportation along with the Department of Labor are the first ones to adopt the program. 

     

    read more at HRDIVE
  • THE PRESIDENT APPLAUDS DEREGULATION AND PUTS SPOTLIGHT ON WORKFORCE ISSUES IN STATE OF UNION

    THE PRESIDENT APPLAUDS DEREGULATION AND PUTS SPOTLIGHT ON WORKFORCE ISSUES IN STATE OF UNION

    News by Editorial Team 07 Feb 2019

    Deregulation success will bring back employers to the U.S. again, President Donald Trump opined during his second State of the Union address where he addressed many workforce issues. The focus was on low unemployment and job mentions and painted at the early jobs numbers for January. He called to attention the increased rate of employment among racial minorities and workers with disabilities. Trump also said that the women got the best out of the thriving economy as they filled 58% of new jobs created previous year. The President gave a positive push to the nationwide paid family leave program and said: “every new parent has the chance to bond with their newborn child”. He also touted an immigration system that in his words “is safe, lawful, modern and secure.”

     

    read more at HRDIVE
  • STANDING ON YOUR FEET CAN BE AS UNHEALTHY AS SITTING ALL DAY – GET MOVING

    STANDING ON YOUR FEET CAN BE AS UNHEALTHY AS SITTING ALL DAY – GET MOVING

    News by Editorial Team 07 Feb 2019

    Stand-up desks may be better than the sit-down desks, but there is a price for standing up on your feet at the same place the entire day. The radical report of James Levine, a doctor of endocrinology at the Mayo Clinic in 2011 led to revolutionize office desks. But, in the opinion of Levine, it is the office habits that needed a change and not the furniture. Moving around is the healthiest option as standing up all day without movement, can get people closer to the risk of cardiovascular diseases. While Levin’s statement, “Excessive sitting is a lethal activity” holds true, moving around or going for a walk across the hallway as opposed to standing all day long is the alternative.

     

    read more at The Guardian
  • LABOR MARKET TIGHTENS A FEW NOTCHES MORE FOR RETAIL INDUSTRY AS CANNABIS ATTRACTS APPLICANTS

    LABOR MARKET TIGHTENS A FEW NOTCHES MORE FOR RETAIL INDUSTRY AS CANNABIS ATTRACTS APPLICANTS

    News by Editorial Team 06 Feb 2019

    The retail industry found a new competition in the now growing cannabis industry. The last December saw 1,500 job postings in Glassdoor as the marijuana industry saw a spike of 76% in openings. Though the federal law still prohibits the sale and use of cannabis, the states’ moves to legalize the medicinal and at times for recreational use. The support for the legalization is up like never before with 66% of Americans saying ‘yes’ to the move and 33 states have made the use legal in one or both of its avatars. The wages for the cannabis industry is 10% more than the U.S. median that sums up to be around $58,511 per year.

     

    read more at HRDIVE
  • IT'S RESKILLING SEASON FOR ACCENTURE AS 300K WORKERS GET RETRAINED IN THE PAST 4 YEARS

    IT'S RESKILLING SEASON FOR ACCENTURE AS 300K WORKERS GET RETRAINED IN THE PAST 4 YEARS

    News by Editorial Team 06 Feb 2019

    Ellyn Shook, Chief Leadership and human resources officer at Accenture is all up for creating a “work-learn, work-learn mindset” and to put words to practice the company has retrained nearly 300,000 out of its 469,000 strong workforces. Shook further believes that the experience of “reskilling” puts Accenture as a case study of the job-retraining in the wake of the Fourth Industrial Revolution. The company’s cost of reskilling is $1 billion per year. Shook, also said while speaking at World Economic Forum meeting in Davos, Switzerland that the company created “Job Buddy”, a software that tells what part of their job will get automated and how they can upskill. 85% of the employees have taken the assessment till date.

     

    read more at HRDIVE

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