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  • WORKER OWNED COOPERATIVES PAVE WAY FOR BETTER EMPLOYEE ENGAGEMENT

    WORKER OWNED COOPERATIVES PAVE WAY FOR BETTER EMPLOYEE ENGAGEMENT

    News by Editorial Team 31 Jul 2019

    Growing buzz around employee engagement is pushing talent managers to seek better ways of engaging employees. Experts say that workers who feel ownership of their career development feel more engaged and control over their jobs. Worker cooperatives are doing this job particularly well as they enable workers to own the business, share profits and make collective decisions.

     

    read more at HRDIVE
  • UBER FIRES 400 EMPLOYEES; CITES MEDIOCRE RESULTS

    UBER FIRES 400 EMPLOYEES; CITES MEDIOCRE RESULTS

    News by Editorial Team 30 Jul 2019

    Addressing the concerns related to business slow-down, Uber Technologies Inc., the Chief Executive Officer revealed that they are cutting a third of the company’s marketing department globally. The organization will be firing about 400 employees. The reduction in staff represents about 1.6% of Uber workforce world over. The changes in the employment status were sent in a mail to the employees on Monday. The San Francisco-based organization is under pressure from investors for heavy losses.

     

    read more at Bloomberg
  • CITI SLASHES JOBS IN VIEW OF REVENUE SLUMP

    CITI SLASHES JOBS IN VIEW OF REVENUE SLUMP

    News by Editorial Team 30 Jul 2019

    Citigroup Inc. in the wake of new evidence of industrywide slump is prepared to cut hundreds of jobs across its fixed-income and stock-trading operations in 2019. It includes about 100 jobs in the equities unit that will amount to about 10% of the workforce in the division. The New York-based bank believes that the revenue slump may be more permanent than predicted by the policy moves rattling clients. Also, the new rules have limited lenders and the technology advancements have made it difficult to spread in numerous corners of the market.

     

    read more at Bloomberg
  • AUTO-DEDUCTED MEAL BREAKS – HOW FEASIBLE ARE THEY?

    AUTO-DEDUCTED MEAL BREAKS – HOW FEASIBLE ARE THEY?

    News by Editorial Team 30 Jul 2019

    Auto-deducting meal breaks may seem a good idea at first glance, however, it can prove to be a costly trap for employers. In a recent such administrative move, organizations like TE Connectivity Networks and Tyco Electronics had to pay about $5 million to California employees who had their half-hour meal periods automatically deducted from their paychecks for seven years. Auto-deduction policies are not illegal but can expose the unfair practices of employers.

     

    read more at HRDIVE
  • MILLIONAIRE WOMEN ARE OUT-EARNING MILLIONAIRE MEN IN THE U.S.

    MILLIONAIRE WOMEN ARE OUT-EARNING MILLIONAIRE MEN IN THE U.S.

    News by Editorial Team 29 Jul 2019

    The average earning of millionaire women is $2,506,220 versus $2,477,680 for men in the U.S, reports Bloomberg. In 2016, the number of women in the $1 million-plus club was 17,609, increased from 6,597 in 2009. The aggregate wage for the group of $1million-club women has increased three-fold to $44.1 billion from $13.8 billion, in 2016 and 2009 respectively.  

     

    read more at Bloomberg
  • MEN WANT TO SUPPORT WOMEN IN THEIR WORKPLACE

    MEN WANT TO SUPPORT WOMEN IN THEIR WORKPLACE

    News by Editorial Team 29 Jul 2019

    A new Fairygodboss survey says men want to support women at their workplace. However, men don’t know how to do it. The survey was conducted among 400 men. Among major reasons, lack of understanding of how to support women at the workplace stood out as the biggest obstacle for men. A small number of women in the workforce is among other obstacles.

     

    read more at HRDIVE
  • SEXUAL HARASSMENT IS DOWN, BUT GENDER HARASSMENT IS UP

    SEXUAL HARASSMENT IS DOWN, BUT GENDER HARASSMENT IS UP

    News by Editorial Team 29 Jul 2019

    A new survey from the University of Colorado Boulder’s Leeds School of Business found that American women are less subject to sexual harassment. However, they are now subject to increasing levels of gender harassment.  The survey defines making a sexist remark or displaying sexist material as gender harassment. Impact of sexual harassment on women’s self-esteem and self-doubt too have declined, the survey found.

     

    read more at HRDIVE
  • EEOC SUES MCDONALD'S OUTLET OWNER

    EEOC SUES MCDONALD'S OUTLET OWNER

    News by Editorial Team 26 Jul 2019

    U.S Equal Employment Opportunity Commission (EEOC) has sued an owner of several McDonald’s restaurants in central Florida.  He has been charged for religious discrimination. The lawsuit filed against the owner says he refused to hire a job applicant who would not shave his beard because of his religious beliefs. The job applicant is a practicing Hasidic Jew. He applied for a job as a part-time maintenance worker.

     

    read more at HRDIVE
  • BAD HIRES CAN COST EXORBITANTLY

    BAD HIRES CAN COST EXORBITANTLY

    News by Editorial Team 26 Jul 2019

    Many organizations don’t know the true cost of the wrong hiring decision, reports Thrivemap. For a company with 500 employees, 5% annual average increase in headcount, and a 15%t turnover rate, a bad hire can cost up to $500,000, the report adds. Further, Thrivemap indicated that difference between a good-fit employee and a bad hire can be as high as 36%.

     

    read more at HRDIVE
  • WORKERS UNCONFIDENT ABOUT LEADERS' ABILITY

    WORKERS UNCONFIDENT ABOUT LEADERS' ABILITY

    News by Editorial Team 26 Jul 2019

    A Gartner report says only 50% of employees feel confident that their leaders can drive their organizations forward. Contrarily, 50% of leaders, among 2,800 surveyed leaders, feel under-confident themselves. Instead of focusing on leadership models, HR should build an environment based on complementary leadership, wherein the responsibility is shared between leaders with the same skillset, the Gartner report further says.

     

    read more at HRDIVE
  • RUSSELL REYNOLDS HIRES AN ESG SPECIALIST

    RUSSELL REYNOLDS HIRES AN ESG SPECIALIST

    News by Editorial Team 25 Jul 2019

    Russel Reynolds Associates, executive recruiting firm, hired Andrew Droste, a specialist in environmental, social and governance (ESG) risks facing companies. Corporate boards are considering ESG risks under pressure from investors. Droste had earlier worked with BNY Mellon and TIAA-Nuveen on corporate stewardship and governance policy. Russel Reynolds finds chief executives for companies including Aramark and Duke Energy Corp.

     

    read more at Reuters
  • CO-WORKING IS TAKING OVER CITIES

    CO-WORKING IS TAKING OVER CITIES

    News by Editorial Team 25 Jul 2019

    Co-working spaces seem to be everywhere. We Work, for instance, occupies the most office space in London after the government. It is also the top commercial real estate holder in New York.  Spaces, another co-working space provider, recently unveiled 9,000 sq. ft in New York. With hip and modern office spaces, they prize independent work over full-time employment.

     

    read more at The Guardian
  • PAY TRANSPARENCY: GROWING CONCERN AMONG EMPLOYERS

    PAY TRANSPARENCY: GROWING CONCERN AMONG EMPLOYERS

    News by Editorial Team 25 Jul 2019

    Lately, pay transparency has been a growing concern among employers. How much information related to employees’ compensation should be revealed or open to other employees, or whether it should be revealed at all, is still a pressing question among employers. Further, a few states require employers to provide pay range while seeking job applications, other states don’t. Disclosing salary can hurt feelings.

     

    read more at HRDIVE
  • NISSAN PLANS TO CUT 10,000 JOBS

    NISSAN PLANS TO CUT 10,000 JOBS

    News by Editorial Team 24 Jul 2019

    Nissan, the Japanese carmaker, plans to cut 10,000 jobs worldwide. In May, the company had announced to cut 4,800 jobs from its global workforce of 139,000 employees. The company quotes a decline in profits as the reason for layoffs. Nissan has reported a fall in profits in the United States and Europe. The layoffs are expected to happen in factories outside Japan.

     

    read more at The Guardian
  • JOHN HOPKINS TO UPSKILL BALTIMORE WORKFORCE

    JOHN HOPKINS TO UPSKILL BALTIMORE WORKFORCE

    News by Editorial Team 24 Jul 2019

    Last year, 36, 000 jobs in Baltimore that require some coding ability went unfilled. To address this problem, John Hopkins University and 2U’s Trilogy Education will host a coding boot camp which will teach front-and back-end development to work professionals and adult learners. This program will run for 24 weeks, starting in September 2019. The program will cover HTML, CSS, and JavaScript, among others.

     

    read more at HRDIVE
  • HALF OF WORKING PROFESSIONALS FEEL THEY JUST HAVE A JOB

    HALF OF WORKING PROFESSIONALS FEEL THEY JUST HAVE A JOB

    News by Editorial Team 24 Jul 2019

    A survey conducted by CareerBuilder, among 2, 031 workers, found that half of the respondents feel they just have a job. The other half, however, feel they have a career. Further, the survey found 32 percent of surveyed workers planning to change their jobs this year, and only 32 percent of respondents were satisfied with their career growth opportunities.

     

    read more at HRDIVE
  • GOOGLE PAYS $1 Mn TO JOBSEEKERS

    GOOGLE PAYS $1 Mn TO JOBSEEKERS

    News by Editorial Team 23 Jul 2019

    Google paid $11 mn to 200 jobseekers who filed a class-action lawsuit against it. The jobseekers alleged the company discriminates against age during hiring. Ageism is a common debate in Silicon Valley. Payscale, a research firm, says the average age of a Facebook employee is 29, while at Amazon it is 30. Apple Inc. too has been accused of age discrimination. 

     

    read more at The Guardian
  •  FACEBOOK'S CAFETARIA WORKERS PROTEST AGAINST RISING COST

    FACEBOOK'S CAFETARIA WORKERS PROTEST AGAINST RISING COST

    News by Editorial Team 23 Jul 2019

    Last week, Facebook’s cafeteria workers protested to increase their wage. Nate Percastre, one of the workers at Facebook’s cafeteria, says,” when a company is trying to pay you the same rate that they pay in other cities, we can’t accept that. We’re in San Fransisco. The cost of living is way too high.” The protestors demand shorter workday and higher wages.

     

    read more at The Guardian
  • EMPLOYERS IN PURSUIT TO UP-SKILL WORKERS

    EMPLOYERS IN PURSUIT TO UP-SKILL WORKERS

    News by Editorial Team 23 Jul 2019

    Employers have realized that it is time to upskill workers for technological change. Amazon’s Upskilling 2025 training investment, which was announced earlier this month, has brought the attention of employers to the need for upskilling. Amazon plans to invest over half a billion over the next six years and impact 100,000 employees. In 2017, employers spent $1,296 per employee on training.

     

    read more at HRDIVE
  • DEVELOPERS PREFER TO WORK REMOTELY

    DEVELOPERS PREFER TO WORK REMOTELY

    News by Editorial Team 22 Jul 2019

    A new study Digital Ocean found that 86% of developers work remotely. The study was conducted among 45,000 developers. Of these, 43% believe that the ability to work remotely is a must among developers. 71% of respondents said they feel connected to their organization’s community while working remotely. A small percentage of remote developers are satisfied with work-life balance.

     

    read more at HRDIVE

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