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  • WAR FOR TECH TALENT NOT LIMITED TO TECH PLAYERS ALONE

    WAR FOR TECH TALENT NOT LIMITED TO TECH PLAYERS ALONE

    News by Editorial Team 03 Dec 2018

    The Digital Transformation wave has been in the making for quite some time now, and companies across the board are increasingly looking at hiring tech talent for their internal initiatives. According to research released by the Drucker Institute, positions in cutting edge jobs, including blockchain, robotics, artificial intelligence and augmented reality aren’t being posted only by tech companies, but a broad spectrum of sectors including banking, insurance and even healthcare and education. In fact, there were more advertised jobs from other sectors for tech talent in the Management Top 250 listings by the Drucker Institute this year, than from core technology companies.

     

    read more at Fox Business
  • CHEMICAL MAJOR BAYER ALL SET FOR LAYOFFS

    CHEMICAL MAJOR BAYER ALL SET FOR LAYOFFS

    News by Editorial Team 30 Nov 2018

    In the aftermath of the Monsanto acquisition and probably as a direct fallout, German chemical major Bayer announced that it would cut down around 12, 000 jobs and sell off some of its businesses, amid sliding stock prices. Bayer has also been reported to slash around 10.15% of its workforce worldwide in order to leverage the synergy that had been identified as a part of the Monsanto merger. This comes amidst growing pressure on Chief Executive Werner Baumann as the stock of the company has plummeted by just over a third so far this year over concerns of pending lawsuits Monsanto is facing.

     

    read more at Reuters
  • TRUMP ADMINISTRATION TAKES A MAJOR STEP TOWARDS FUTURE JOB CREATION IN TECH

    TRUMP ADMINISTRATION TAKES A MAJOR STEP TOWARDS FUTURE JOB CREATION IN TECH

    News by Editorial Team 30 Nov 2018

    In spite of the occasional strain in their relationship, the Trump administration announced discussions with the stewards of the American technology companies including luminaries like Satya Nadella from Microsoft, Sundar Pichai from Alphabet and Steven Mollenkopf and Safra Catz of Qualcomm and Oracle respectively. The roundtable discussion sessions, the first of their kind with the current president and technology heads, will focus on the future of jobs in the technology space. Larry Kudlow, the advisor at the White House, stated that several people who were dissatisfied with those companies would also be present at the discussions. Several other companies had been approached but had not confirmed their attendance as of publication.

     

    read more at Reuters
  • PAUL POLMAN RELENTS, STEPS DOWN AS UNILEVER CEO

    PAUL POLMAN RELENTS, STEPS DOWN AS UNILEVER CEO

    News by Editorial Team 30 Nov 2018

    After a decade at the helm, Unilever Chief Executive Paul Polman has announced that he will step down as in his role at the FMCG major. This move was a direct fallout of the intense pressure caused by investors in the UK, halting Polman’s efforts to move the company’s global headquarters to the Netherlands. Polman’s successor will be Alan Jope, who has spent more than 30 years at the company. Prior to his current role, he had been running Unilever’s beauty and personal care division since 2014. Jope has also been a distinguished member of Unilever’s Leadership Executive since 2011.

     

    read more at Reuters
  • LESS THAN HALF - SHOCKING PAY DISPARITY AMONG AMERICAN WOMEN WORKERS

    LESS THAN HALF - SHOCKING PAY DISPARITY AMONG AMERICAN WOMEN WORKERS

    News by Editorial Team 29 Nov 2018

    According to the Institute for Women’s Policy Research based out of Washington, women earned up to 51% less than men, when time with no income is factored into calculations. In the study that spanned overall women’s income between 2000 and 2015, the pay disparity was found to be significantly greater than had been previously assumed. Entitled “Still a Man’s Labor Market” the study also showed that workers wanting to return to employment after a year off, a common choice among women, were offered far less compensation than they had previously drawn. While men are also affected by the same, women face a greater degree of challenges and are often hurt far more on the compensation front.

     

    read more at Reuters
  • AIRBNB DELISTS WEST BANK HOMES – SUED BY ISRAELI AMERICANS

    AIRBNB DELISTS WEST BANK HOMES – SUED BY ISRAELI AMERICANS

    News by Editorial Team 29 Nov 2018

    Property sharing behemoth Airbnb is facing the ire of Israeli Americans over it’s delisting of properties along the West Bank area, in a lawsuit filed at a Delaware Federal Court. The plaintiffs, in this case, have accused AirBnB of discriminating on religious grounds, in violation of the Fair Housing Act. The unicorn has also been asked to compensate the plaintiffs for lost revenue and legal fees. In its announcement, Airbnb stated that it is reviewing its policies on allowing “host” users to enlist properties in specific areas which, according to them, may contribute to “human suffering”. The lawsuit also calls for a stop on future discrimination against Jews and Israelis.

     

    read more at Fortune
  • AI IN RECRUITMENT – IMPORTANT UPDATES AND PROJECTED IMPACT

    AI IN RECRUITMENT – IMPORTANT UPDATES AND PROJECTED IMPACT

    News by Editorial Team 29 Nov 2018

    With a 1,400% increase in the number of startups developing AI and Machine Learning products according to a recent research by Stanford, the impact of Artificial Intelligence on business cannot be overstated. According to the Forbes Human Resources Council, the recruitment and hiring function is going to undergo one of the biggest transformations in this process. In a recent post, several developments were pointed out by industry experts that included greater accuracy in candidate matches, more inclusion, and diversity in workforces, proactive candidate selection and greater outreach to the passive talent pool, accelerated times-to-hire, easier forecasting, and easier candidate filtering and tracking.  

     

    read more at Forbes
  • SURPRISING FINDINGS ABOUT MANAGERIAL ETHICS IN UK HR SURVEY

    SURPRISING FINDINGS ABOUT MANAGERIAL ETHICS IN UK HR SURVEY

    News by Editorial Team 28 Nov 2018

    A long speculated theme was addressed recently in a survey conducted on close to a thousand HR professionals across HR, Learning and Organizational Development professionals on their opinions on managerial ethics at the workplace in the UK. The survey, conducted by the Chartered Institute of Personnel and Development, revealed that 28% of respondents believed that they had come ethical conflicts between themselves and what was expected from them by the organization. HR personnel were largely considered the overseer of ethics in an organization and 44% had regularly challenged the tasks that were expected of them, while more than half (58%) saw the scope of improvement in the HR’s role as ethics drivers in the organization.

     

    read more at Forbes
  • EX FACEBOOK EMPLOYEE CALLS OUT INDIFFERENCE TOWARDS RACIAL DIVERSITY

    EX FACEBOOK EMPLOYEE CALLS OUT INDIFFERENCE TOWARDS RACIAL DIVERSITY

    News by Editorial Team 28 Nov 2018

    Mark Luckie, a former Strategic Partner for Global Influencers at Facebook, recently pointed out that the company is not doing enough on the racial diversity front, in spite of the world’s largest social network specifically denying the allegations. Luckie pointed out how Facebook was anything but inclusive as an organization with an example where coworkers clutched their wallets while walking by him, a behavior he said that was based on his skin color. He also alleged that the HR had often sided on the wrong side of discrimination earlier, gaslighting employees into believing such racial behavior was a figment of their imagination.

     

    read more at Reuters
  • AMAZON'S DAVE STEPHENSON MOVES TO AIRBNB AS CFO AHEAD OF IPO

    AMAZON'S DAVE STEPHENSON MOVES TO AIRBNB AS CFO AHEAD OF IPO

    News by Editorial Team 27 Nov 2018

    Home renting behemoth AirBnB zeroed down on its new Chief Financial Officer, ahead of it’s much anticipated IPO, from the world’s largest e-commerce giant Amazon. Dave Stephenson, who is expected to take charge of early January, has been in the Amazon team for 17 years, was most recently Vice President and CFO of Amazon’s consumer business, which holds the reins for most of Amazon’s global consumer service, including Amazon Prime. Stephenson is expected to fill the shoes of ex-CFO Laurence Tosi, who left AirBnB in February. The unicorn is currently valued at $31bn by investors and is expected to go public next year.

     

    read more at Reuters
  • HONGKONG BASED ESPRIT HOLDINGS CUTS DOWN JOBS, PRODUCT RANGE BY ALMOST HALF

    HONGKONG BASED ESPRIT HOLDINGS CUTS DOWN JOBS, PRODUCT RANGE BY ALMOST HALF

    News by Editorial Team 27 Nov 2018

    Popular apparel and accessories brand Esprit, which has been on a steady decline in valuation over the past decade, recently announced job cuts of up to 40% of its non-store staff. This is in addition to a drastic reduction in its product range. With the advent of online commerce and fast-fashion retailers, the Hong Kong-based clothing accessories company has been losing market share and facing tough competition on all fronts. It had recently announced the closure of all its stores in New Zealand and Australia recently. The company’s stock has seen a steep drop of almost 50% this year, and its workforce strength stands at 6,400 as of June 2018. 

     

    read more at Reuters
  • GENERAL MOTOR'S CANADIAN WORKERS OUTRAGED OVER PLANT CLOSURE

    GENERAL MOTOR'S CANADIAN WORKERS OUTRAGED OVER PLANT CLOSURE

    News by Editorial Team 27 Nov 2018

    We had recently reported about GM being all set to announce the closure of its Canadian Plant at Oshawa. When the announcements were finally made, workers were left stunned and infuriated as they gathered in huge numbers to protest the move. Unifor, the worker’s union, had recently stated that GM was due to make the announcement soon, is now on a warpath as it vowed to protect the interest of the affected workers and their families, stating that the beleaguered auto major is now “In For One Hell Of A Fight”.  Workers turned out in mass numbers waving the Union’s flag to protest the shutdown in the face of chilly weather after the announcement.

     

    read more at Bloomberg
  • GM LIKELY TO EXTEND JOB CUTS, UNIFOR TELLS MEDIA

    GM LIKELY TO EXTEND JOB CUTS, UNIFOR TELLS MEDIA

    News by Editorial Team 26 Nov 2018

    GM employees, especially union affiliated workers, are on tenterhooks for a major announcement scheduled for Monday. The announcement is most likely to effect a complete shutdown of its plant in Oshawa, near Toronto. This is likely to affect the 2,500 strong unionized workforces and approximately 300 white collars, salaried workers who are employed by the plant. The shutdown is speculated to be effective latest by December 2019. Although GM spokespersons refused to comment, GM has already been on a job cutting spree to align its white and blue collar employee strength to plunging sales across the North American market. With a specific cost-cutting target in mind, the company is likely to layoff even its white-collar workers in Canada, in continuation of its stance in North America 

     

    read more at Reuters
  • MITSUBISHI MOTORS' BOARD LIKELY TO FIRE GHOSN ON MONDAY

    MITSUBISHI MOTORS' BOARD LIKELY TO FIRE GHOSN ON MONDAY

    News by Editorial Team 26 Nov 2018

    The world’s largest plug-in electric vehicle manufacturer, and the fourth largest seller of automobiles by volume, the Mitsubishi-Renault-Nissan Alliance has been on shaky ground for a while now. Following allegations of financial misconduct, Carlos Ghosn, the man instrumental in stabilizing the alliance since the controversies it faced in 2016, is likely to be removed from Mitsubishi Motors. His ouster from alliance partner Nissan has already been announced. This comes in the wake of a power struggle between alliance members Nissan and Renault, whose executives are already planning their contingencies following the fallout of Ghosn’s exit from Mitsubishi. Ghosn still remains the chairman and CEO of Renault.

     

    read more at Reuters
  • CATASTROPHIC REPERCUSSIONS FOR 20,000 PEOPLE, IF TELECOM ITALIA SPINS-OFF

    CATASTROPHIC REPERCUSSIONS FOR 20,000 PEOPLE, IF TELECOM ITALIA SPINS-OFF

    News by Editorial Team 23 Nov 2018

    Of the 50,000 Italians that the telecom giant employs, 30,000 people along with company assets could be transferred to the new company, which could be cumulative of Telecom Italia and Open Fiber. The aggregated assets could amount to $17 billion. However, that would leave 20,000 people jobless, a prospect acknowledged by the UILCOM trade union. 

     

    read more at Reuters
  • 650,000 TUNISIANS STRIKE FOR A WAGE-RAISE

    650,000 TUNISIANS STRIKE FOR A WAGE-RAISE

    News by Editorial Team 23 Nov 2018

    With a limping economy which now has only the cold shoulder of the International Monetary Fund, the problems of the government don’t seem to end anytime soon. Struggling to contain its biggest public demonstration for the last five years, a myriad of people from all ages took to the street. The government makes no bones about not having the financial impetus ($690 million) demanded by the public for wage raises. 

     

    read more at Reuters
  • AMAZON'S NEW HEADQUARTERS TO HOUSE A FLURRY OF NON-TECH JOB ROLES

    AMAZON'S NEW HEADQUARTERS TO HOUSE A FLURRY OF NON-TECH JOB ROLES

    News by Editorial Team 22 Nov 2018

    Functions like human resources, accounting and marketing would form the elemental backbone of the employee profiles at Amazon’s new headquarters (New York & Virginia). The states have also put in the additives of granting tax-subsidies of up to $3 billion provided the company meets its job creation goals. The 25,000 jobs split between its upcoming corporate centers have already started luring people with an average annual salary of around $150,000. 

     

    read more at Fortune
  • FANCY A  220 MILLION POUND PAYCHECK?

    FANCY A 220 MILLION POUND PAYCHECK?

    News by Editorial Team 22 Nov 2018

    For Denise Coates, it’s a reality. The famed founder & CEO of UK’s online betting portal Bet365, raked in £220 million as compensation last year. This, quite naturally, makes her one of the best-remunerated executives globally. Its an improvement to her performance the year prior to the last, wherein the salary was a few thousand-pounds shy of the 200-mark, at £199.3 million. 

     

    read more at Bloomberg
  • NATIONAL AERONAUTICS AND SPACE ADMINISTRATION COMES A KNOCKIN' FOR WORK CULTURE ASSESSMENT

    NATIONAL AERONAUTICS AND SPACE ADMINISTRATION COMES A KNOCKIN' FOR WORK CULTURE ASSESSMENT

    News by Editorial Team 21 Nov 2018

    NASA recently announced that it would conduct checks the overall safety work culture in two of the world’s largest private space contractors, Boeing and Space X, even as the players gear up to send astronauts into space on their own. NASA announced its “cultural assessment” that would include compliance to a drug-free environment at both the companies, among speculation and reports that Space X chief Elon Musk was filmed drinking whiskey and smoking marijuana, shockingly enough, during a live podcast recently.

    The two private companies will be selected for the commercial crew program aiming to send astronauts to space by next year. Both the companies stated that they were in full adherence to drug-free and healthy work environment guidelines.

     

    read more at Reuters
  • CANADIAN GOVERNMENT PLAYS SANTA'S ENFORCER ON POSTAL WORKERS

    CANADIAN GOVERNMENT PLAYS SANTA'S ENFORCER ON POSTAL WORKERS

    News by Editorial Team 21 Nov 2018

    Canada’s Government announced that it would pass legislation ensuring an end to the Canadian Union of Postal Workers’ strike ahead of the festive season. The strike, that had resulted in sudden stoppages of delivery services in several parts of the country on a rotational basis, was a call for increased medical benefits and job security from employer Canada Post. In response, the federal Labour Minister has said that while both parties are being encouraged to resolve the issues as soon as possible, possible legislation could also be in the works to ensure that the holiday season is not affected. Canada has a record of passing quick legislation to end strikes in important sectors.

     

    read more at Reuters

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