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  • Work-life balance a must for successful culture

    Work-life balance a must for successful culture

    News by Editorial Team 11 Nov 2019

    A new survey by cloud-based software provider Maven Link says work-life balance defines successful culture for cross-generation employees. Work-life balance was followed by team building activities, continuous and collaborative environment. For workers between 35 and 40 of age, continuous learning is important, while for 18-to-24-year old workers team-building matters.

     

    read more at HRDIVE
  • Workers are worried about Artificial Intelligence

    Workers are worried about Artificial Intelligence

    News by Editorial Team 11 Nov 2019

    Around 81 percent of workers are worried about being replaced by artificial intelligence, Blumberg Capital’s research found out. Most workers fear their job will be taken away by algorithms and robots. Due to this fear, people aren’t learning much. Workers need to stay focused and learn new tech skills, fortune reports. PwC spent over USD 3 billion to train its 2,76,000 employees.   

     

    read more at Fortune
  • Employers need to ace benefits enrollment

    Employers need to ace benefits enrollment

    News by Editorial Team 11 Nov 2019

    Not executing benefits enrollment properly may cause trouble for employers. Judith Well, an employee benefits employer with Mc Dermott Will & Emery in Chicago, suggests employees should take a printout of the enrollment confirmation page after filling details. Further, employees should check their first paystub. Pay attention to rewards and wellness programs so as to avoid mistakes, Wendell suggests.

     

    read more at Forbes
  • Gap CEO exits

    Gap CEO exits

    News by Editorial Team 08 Nov 2019

    Gap Inc.’s CEO Art Peck will leave the company amid company-wide restructuring. The apparel retailer slashed its full-year earning, plummeting its shares to 7%. Peck was instrumental in developing the company’s “omnichannel strategy channel” strategy. The company is facing competition from fast-fashion rivals like Zara and H&M. Gap reported a 4% drop in its third-quarter sales and a decline across all its brands.

     

    read more at Reuters
  •  53 million U.S. workers paid low wage

    53 million U.S. workers paid low wage

    News by Editorial Team 08 Nov 2019

    44% of American workers between 18 to 64 years of age are low-wage workers, Brookings Institution report says. The median wage of these workers is USDS17,950. Although unemployment is low, jobs don’t pay very well.  Women and minority groups are more likely to earn low wages. Black workers and Latinos are 32 % and 41 % more likely to earn low wages than whites respectively. 

     

    read more at Bloomberg
  •  Increased focus on employee retention

    Increased focus on employee retention

    News by Editorial Team 08 Nov 2019

    Millennials are the largest generation in the labor force. The percentage of employees aged 65 and older is growing and voluntary employee turnover is surging, Fortune reports. Therefore, companies are increasing their efforts to hire and retain talent. Employee turnover has increased to 88% since 2010. CEOs need to think about “creating a place where people can grow personally and professionally?” Elli Kaplan says.

     

    read more at Fortune
  • Goldman Sachs increases parental leaves

    Goldman Sachs increases parental leaves

    News by Editorial Team 07 Nov 2019

    Goldman Sachs announced good news for all its new parents through birth, surrogacy or adoption in a memo on Monday. The company is increasing its parental leave to 20 weeks. Competing banks including JPMorgan, Citi, Wells Fargo and Morgan Stanley offer 16 weeks leave to the primary caregivers and fewer to the secondary caregivers. The move is aimed at attracting talent, CEO, David Solomon says. 

     

    read more at HRDIVE
  • Achieving gender inclusion in a diversity-lacking industry

    Achieving gender inclusion in a diversity-lacking industry

    News by Editorial Team 07 Nov 2019

    The oil and gas industry lacks gender parity. According to EY, only 11% of senior leadership positions in the industry are represented by women. Chevron, however, plays well in this position. Among its 45,000 workers, 32,000 workers are part of its 20 employee networks. These groups address employee-related issues and represent different minorities. The women’s group is the largest.

     

    read more at HRDIVE
  • Alphabet Inc. investigates sexual harassment claims

    Alphabet Inc. investigates sexual harassment claims

    News by Editorial Team 07 Nov 2019

    Alphabet Inc., Google’s parent company, is investigating the company’s handling of sexual harassment and misconduct claims. The move comes in response to several harassment and misconduct allegations against executives. Alphabet Inc. has formed an independent subcommittee to oversee the investigation. Reportedly, several executives engaged in inappropriate behavior and were protected by the company.  Jennifer Blakely, recently, alleged mistreatment by CLO David Drummond.

     

    read more at Fortune
  • New apprenticeship grants for women

    New apprenticeship grants for women

    News by Editorial Team 06 Nov 2019

    Marc Veasey, D-Texas, and Brendan Boyle, D-Pa, introduced WANTO (Women in Apprenticeship and Nontraditional Occupations Amendment Act) to support more women in apprenticeship programs. The new amendment will add at least one grant in each state/territory, thus adding to the current six grants issued each year. With the grants women will be able to address two major barriers for women – transportation & childcare costs, Veasey said.

     

    read more at HRDIVE
  • New rule by DOL leaves room for workforce exploitation

    New rule by DOL leaves room for workforce exploitation

    News by Editorial Team 06 Nov 2019

    According to the new rule by DOL, employers can claim the tip credit for workers who spend more than 20 percent of their time performing non-tipped duties. Employers can pay tipped workers as little as $2.13 an hour if they generate at least $30 per month in tips. But this is where employers can exploit the workers by paying less and assigning them non-tip generating work thus not allowing them to earn tips.  

     

    read more at Forbes
  • Women face gender equity gap both as founders & employees

    Women face gender equity gap both as founders & employees

    News by Editorial Team 06 Nov 2019

    Women – as founders & employees – hold far less equity than their male counterparts, says a new report from Carta. Women account for just 7% of founder equity, while women startup workers hold 20% of start-up employee equity. Among female equity holders, 20 %, 15%, and 12% of founders are worth at least $1 million, $10 million or more, and $100 million respectively.  

     

    read more at Fortune
  • Microsoft's four-day workweek boosts productivity

    Microsoft's four-day workweek boosts productivity

    News by Editorial Team 05 Nov 2019

    In a new experiment called Work-Life Choice Challenge Summer 2019, Microsoft employees showed enhanced productivity. The company shortened the workweek and gave four Fridays off in a row. At the end of the project, the company reported a 40 percent increase in productivity and happier workers, Microsoft reported.  In 2018, New Zealand trust management experimented with the four-day workweek and reported less stressed employees.

     

    read more at The Guardian
  • Women employees redress Fisher's distasteful comment

    Women employees redress Fisher's distasteful comment

    News by Editorial Team 05 Nov 2019

    An ad featuring seven women employees of Fisher Investments, touting how great it is to work at the firm, was published in the Wall Street Journal. The advertisement is in response to a comment made by Ken Fisher, which brought the company culture under scrutiny.  Fisher compared wooing clients to “trying to get into a girl’s pants”, reports Fortune.  Fisher had issued an apology stating “I realize this kind of language has no place in our company or industry.” 

     

    read more at Fortune
  • Starbucks sued for racism

    Starbucks sued for racism

    News by Editorial Team 05 Nov 2019

    Former Starbucks director, Susan Philips, has sued the company for racism. Allegedly, Starbucks terminated her following the racial profiling incident that took place at a Philadelphia store in 2018.  The company faced public protests after one of its managers got two black men arrested. To convince the community, Starbucks retaliated against white people who were not involved in the arrest, Susan alleges.

     

    read more at HRDIVE
  • CHROs now influence organizational branding

    CHROs now influence organizational branding

    News by Editorial Team 04 Nov 2019

    CHROs are increasingly playing an influential role in organizational branding. According to Page, a global organization for communication executives, the influence is due to the growing focus on leveraging culture to attract and retain talent. As employee value proposition (EVP) and retention of right people contribute to a brand’s overall success, CHROs are increasingly becoming part of the branding success. 

     

    read more at HRDIVE
  • McDonald's dismisses CEO

    McDonald's dismisses CEO

    News by Editorial Team 04 Nov 2019

    Mc Donald’s dismissed CEO Steve Easterbrook over a relationship with an employee. Easterbrook held the position since 2015. He relinquished his position from the company’s board as well. Steve, 52, “demonstrated poor judgment” involving the relationship, the company said in a press release. Across many organizations, scrutiny of executives has intensified since the #MeToo movement. Steve called the relationship a “mistake” in an email.

     

    read more at Reuters
  • Google's new community rules tricked

    Google's new community rules tricked

    News by Editorial Team 04 Nov 2019

    Google’s new community rules may not be as effective as they are expected to be. A new Google hire posted memes on Google’s internal message board in response to the hiring of Miles Taylor. Reportedly, Taylor supported Trump’s hard-line immigration policies. Two out of three memes were immediately removed. The new hire is accused of misleading employees, Bloomberg reports. 

     

    read more at Bloomberg
  • WeWork staff alleges discrimination

    WeWork staff alleges discrimination

    News by Editorial Team 01 Nov 2019

    Medina Bardhi, a female WeWork staff, accused Adam Neumann, CEO of the company for discriminating and retaliating against her for pregnancy, Reuter reports. She said Neumann discriminated and retaliated against her soon after he learned that she was pregnant with her first child. In a complaint filed with the federal Equal Employment Opportunity Commission, Bardhi said she got fired about six months post-delivery of her second child and weeks after raising her voice.  

     

    read more at Reuters
  • Facebook charged for letting ad targeting tools exclude age, gender in financial services

    Facebook charged for letting ad targeting tools exclude age, gender in financial services

    News by Editorial Team 01 Nov 2019

    A lawsuit filed on Thursday accuses Facebook of letting ad targeting tools discriminate against women and older people in financial services ads, Reuter reports. “Women and older persons are entitled to full and equal services of businesses such as Facebook, and the financial service companies that advertise on Facebook’s platform,” attorney Handley said in a statement.

     

    read more at Reuters

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