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  • GEOGRAPHY WORKS ITS MAGIC TO GIVE U.S. BUSINESS SCHOOLS A RANKING FACELIFT

    GEOGRAPHY WORKS ITS MAGIC TO GIVE U.S. BUSINESS SCHOOLS A RANKING FACELIFT

    News by Editorial Team 12 Dec 2018

    Bloomberg Businessweek’s Best B-Schools global ranking is out and just four schools outside the U.S. made it to the top 30. Blame it on geography, but U.S. business schools score high in one area graduates prefer the most – compensation. The U.S. pays M.B.A. graduates more when compared to other countries. To put it in numbers, U.S. schools have 16% more than the Median compensation of students in non-U.S. schools. While foreign applications of U.S. schools are in a slide down mode, an overwhelming number of graduates from U.S. Business Schools get a job within the country. GMAC says that 56% of US employers offer to join bonus to these graduates compared to 36% of Asia-Pacific countries.

     

    read more at Bloomberg
  • HYUNDAI MOTOR RIDES THE EXECUTIVE RESHUFFLE WAVE, SHARES HIT RECORD HIGH

    HYUNDAI MOTOR RIDES THE EXECUTIVE RESHUFFLE WAVE, SHARES HIT RECORD HIGH

    News by Editorial Team 12 Dec 2018

    Albert Biermann, a German and former BMW executive will take the reins of research and development in Hyundai Motor Group from Yang Woong-Chul and Kwon Moon-sik. He will be the first foreign head of R&D and is a part of a larger executive reshuffle that may very well mark a transition era for South Korea’s second largest family conglomerate. The reshuffle comes up as a strategy to stop a south going profit curve in China and the U.S. market. Many experts feel that the executive shuffle is a sign that Chairman Chung is losing his grip, while the junior Chung is taking over the things at the helm for the conglomerate. While the power game is up for speculations, the market welcomed the reshuffle with a 9% jump that is their highest since Oct. 10.

     

    read more at Reuters
  • AMAZON AIMS FOR THE BIG APPLE, BUT CORPORATE FAIRY TALE IS NOT IN THE SCENES

    AMAZON AIMS FOR THE BIG APPLE, BUT CORPORATE FAIRY TALE IS NOT IN THE SCENES

    News by Editorial Team 12 Dec 2018

    The imminent promise of public transit woes in the Big Apple following an Amazon promise of setting up a new office for 25,000 employees in the Queens after New York’s wooing of the e-commerce giant may be further than anticipated. Amazon will hire only 700 employees for the new One Court Square office at its Long Island City location. The number is slated to increase by 3000 by 2020 and 25,000 in the next 15 years. Not happy with the deal are some New York politicians who feel that they were shut out from the deal and anticipate a public transit breakdown along with reality price raise in an already expensive locality. Joining the “not happy” brigade are Amazon’s Staten Island employees who recently went public with their unionization efforts. 

     

    read more at Bloomberg
  • CRYPTO COMPANIES ANNOUNCE LAYOFFS ACROSS THE BOARD

    CRYPTO COMPANIES ANNOUNCE LAYOFFS ACROSS THE BOARD

    News by Editorial Team 11 Dec 2018

    In what seems like a knee-jerk reaction to the recent steep drop in valuations, cryptocurrency companies, who are also among an increasingly large segment of employment for programmers and analysts, have been announcing layoffs to keep costs under check. Even large names like consensus announced a cut of 13% of its staff and another, Steemit, laid off 70% of its staff last week, citing the currently severely bearish market in cryptos. Although job listings continue to see a subdued growth in the current year, as opposed to the staggering one seen last year, jobseeker interest in the sector has dropped drastically, according to Indeed.

     

  • SILICON VALLEY COMBATS BURNOUTS WITH FIVE-YEAR REWARDS

    SILICON VALLEY COMBATS BURNOUTS WITH FIVE-YEAR REWARDS

    News by Editorial Team 11 Dec 2018

    Workplace anniversary awards are the new, new thing among employers in the US and are gaining ground as a critical employee retention tool. According to a recent survey by industry association SHRM, more than 60% of employers are offering rewards upon completion of a work anniversary. Silicon Valley, known widely for its stiff deadlines and intensely competitive work environment, seems to have taken to the five-year reward in particular, with employers like Facebook offering a “recharge” program, a 30 day period of an uninterrupted break to relax. This trend harkens back to the olden days in corporate America where employees would be gifted with a gold watch by some companies in a show of appreciation for their work.

     

    read more at Reuters
  • KARMA BITES! TRUMP'S UNDOCUMENTED WORKERS COME A CALLING!

    KARMA BITES! TRUMP'S UNDOCUMENTED WORKERS COME A CALLING!

    News by Editorial Team 10 Dec 2018

    Victorina Morales and Sandra Diaz, women workers who admitted to having submitted false documentation for their employment at the Trump National Golf Club in 2013. Immigration attorney Annabel Romero, representing both women, said that adequate documentation, proof, and testimony were present to implicate the dubious hiring practices of the Trump Organization. The women workers came forward recently citing concerns over a “whole new level of hypocrisy” by Donald Trump’s anti-immigration stance and his rhetoric against undocumented workers. A spokesperson for the Trump Organization has denied any shady hiring practices, stating that the organization was very strict about them. 

     

    read more at Fortune
  • 'SERIOUS' SEXUAL MISCONDUCT ALLEGATIONS AGAINST THE ENTIRE 60 MINUTES UNIT

    'SERIOUS' SEXUAL MISCONDUCT ALLEGATIONS AGAINST THE ENTIRE 60 MINUTES UNIT

    News by Editorial Team 10 Dec 2018

    The hugely popular television show ‘60 minutes’, hitherto having operated independently within the CBS News network, is now being investigated for serious charges of workplace sexual misconduct spanning decades. According to investigator reports, executive producers Jeff Fager and Don Hewitt engaged in certain sexual misconduct and Hewitt had even sexually assaulted a female worker repeatedly over time. CBS has been paying out a settlement since the 90’s to the female worker. Aside from this, former CEO Les Moonves is also being investigated for the same. Moonves has also been charged with obstructing investigations and could face up to $120 million in penalties if found guilty.

     

    read more at Fortune
  • WORLD ECONOMIC FORUM RELEASES FUTURE OF JOBS REPORT

    WORLD ECONOMIC FORUM RELEASES FUTURE OF JOBS REPORT

    News by Editorial Team 10 Dec 2018

    We are at the cusp of the Fourth Industrial Revolution, according to the World Economic Forum Report on the future of jobs. According to Klaus Schwab, founder, and chairman of the body, the fourth industrial revolution is building on the third as artificial intelligence and robotics slowly take over the majority of production and business operations in just about every sector. The new and emerging jobs trends are projected to be positive in the report, increasing to 27% from the current 16%, through 2022, with 60% of respondents in CXO positions stating that they’ll have to modify their value chain significantly by that time.

     

  • DISNEY'S EXPLOITATION OF CHINESE WORKERS BLOWS WIDE OPEN

    DISNEY'S EXPLOITATION OF CHINESE WORKERS BLOWS WIDE OPEN

    News by Editorial Team 07 Dec 2018

    How much labor overhead would you estimate for a product that you retail for around £35? Maybe 5%? How about 0.02%? Sounds unbelievable? Not if you’re the Disney Corporation, whose blatant exploitation of Chinese workers was brought to the fore recently with an undercover investigation carried out by Solidar Suisse and China Labor Watch in conjunction with The Guardian. Staff at the Wah Tung factory in Heyuan, who reported that they often had to work overtime and were penalized or dismissed if they took more than three days of sick leave, also stated that per their production volumes the labor costs came up to a meager 1p per completed doll.  

     

    read more at The Guardian
  • COMPANIES ARE INCREASINGLY USING AI TO SEARCH FOR TALENT

    COMPANIES ARE INCREASINGLY USING AI TO SEARCH FOR TALENT

    News by Editorial Team 07 Dec 2018

    Artificial Intelligence is driven talent search is getting smarter and is delivering better prospective employee profiling than ever before. Using the power of machine learning and massive scale online scanning of social media profiles, software vendors are being able to provide solutions that accurately and efficiently harvest prospective employees from massive talent pools. This is the advent of deep learning technology and it goes way beyond just recruitment analytics. Companies like eightfold.ai, who tout themselves as a Talent Intelligence platform that ensures laser-sharp accuracy in search and selection of talent, are being used by industries as diverse as sports, pharmaceuticals, and technology.

     

    read more at The New York Times
  • AMAZON WORKERS' NEW WOES – EHS ACCIDENTS

    AMAZON WORKERS' NEW WOES – EHS ACCIDENTS

    News by Editorial Team 07 Dec 2018

    There seems to be no end in sight for the miseries of Amazon workers in the US. In what appears to be the latest incidence of non-compliance of workplace safety, twenty-four workers had to be hospitalized after a robot at a New Jersey warehouse perforated a chemical repellant can be meant to repel bears, by accident at its New Jersey warehouse. However, no casualties were reported, and an Amazon spokesperson has said that all the workers injured in the accident are expected to be released from the hospital in the next 24 hours. This is one of several workplace conditions related complaints against the e-commerce giant in the US and UK over the past years.

     

    read more at The Guardian
  • MEXICAN PRESIDENT PROPOSES MORE WORK VISAS FOR CENTRAL AMERICANS, HOPES U.S. TOO FOLLOWS

    MEXICAN PRESIDENT PROPOSES MORE WORK VISAS FOR CENTRAL AMERICANS, HOPES U.S. TOO FOLLOWS

    News by Editorial Team 06 Dec 2018

    The newly elected Mexican President, Andres Manuel Lopez Obrador proposed an increase in work visas for Central Americans and suggested that the US should go for a similar stance. This comes as part of negotiations with the US to curb the northward flow of immigrants. Lopez Obrador came up with a proposal for increasing investment in productive projects that will boost job creation. The number of illegal immigrants is the lowest in the past 20 years, but there is a spike in family and asylum seekers. The projects and investments target to bring down poverty and crime rate in the region. The plans set for the project include a refinery and two railway projects to generate jobs in Mexico and Central America.

     

    read more at Reuters
  • LABOR SHORTAGE MAY COST THEM THE GROWTH REQUIRED TO CATCH-UP WITH WESTERN EU

    LABOR SHORTAGE MAY COST THEM THE GROWTH REQUIRED TO CATCH-UP WITH WESTERN EU

    News by Editorial Team 06 Dec 2018

    Croatia is staring at a grave labor shortage and its booming seaside resort sector is the one to take the maximum fall. National Employers’ Association HUP says that Croatian firms are failing to fill at least 30,000 jobs in a state-run economy. The bulk of it is in tourism that is 20% of their GDP. A gap between the education and economic requirement, skill mismatch and a brain drain towards countries in the Western EU are the key reasons, Croatia is falling behind in the race of becoming a prominent EU name. ABS, Sisak hired 71 employees in the last financial year, 40% of the interviewed candidates did not meet the basic skills and 43% of hires needed internal training to start the work.

     

    read more at Reuters
  • SANOFI PREPARES TO BID ADIEU TO 670 POSITIONS BY 2020

    SANOFI PREPARES TO BID ADIEU TO 670 POSITIONS BY 2020

    News by Editorial Team 06 Dec 2018

    Prominent name in French Pharmacy is looking to trim down the current 25,000 workforces in France by shedding 670 positions by 2020. Thierry Bodin, CGT union says that the intended job cuts will affect IT, HR and Finance among other departments. The company plans to outsource 80 IT positions. The decision is in the wake of overreaching the targeted $ 1.70 billion in savings by a year. The company intends to give cost-reduction a hearty push in a coming couple of years.

     

    read more at Reuters
  • DISNEY SHAREHOLDERS MAKE BOB IGER'S MASSIVE PAY PACKAGE CONDITIONAL TO PERFORMANCE

    DISNEY SHAREHOLDERS MAKE BOB IGER'S MASSIVE PAY PACKAGE CONDITIONAL TO PERFORMANCE

    News by Editorial Team 05 Dec 2018

    One of corporate America’s most admired leaders, Robert Iger, the CEO of Disney is set to face a performance test even 13 years after he stepped into the CEO’s role at the media giant. While the stock hasn’t exactly been soaring lately, Iger’s proposed pay package, described as “exorbitant” by some media houses, was opposed by shareholders. Consequently, Disney  moved to stipulate his compensation being tied to several performance metrics. Iger will now be eligible for upto 1.17 million Disney shares, currently valued at $135 million, if Disney beats 75% of the S&P 500 index from the present through 2021. He currently earns $3.5 million salary, bonus and other equity awards.

     

    read more at Bloomberg
  • IG METALL STRIKES ON GERMAN WAGE NEGOTIATION ANVIL A YEAR IN ADVANCE

    IG METALL STRIKES ON GERMAN WAGE NEGOTIATION ANVIL A YEAR IN ADVANCE

    News by Editorial Team 05 Dec 2018

    Raising the curtains on what seems set to be a round of tough negotiations with business and industry owners across Deutschland, IG Metall, Germany’s largest trade union, demanded a 6% wage hike for it’s 72,000 strong workforce in the country’s steel industry. This is besides the 1,800 euros for each worker  that its NRW branch is demanding. Bitter negotiations that also included strikes across the country had led to a 4.3% hike in last year’s negotiations, and IG Metall seems all set to repeat it’s opening stance in the coming year, too. With 2017 having been it’s 9th year of strong and consistent growth, the export segment is also facing headwinds, largely due to an expected overall slowdown in the EU markets.

     

    read more at Reuters
  • #METOO HITS #THEMTOO AT WALL ST.

    #METOO HITS #THEMTOO AT WALL ST.

    News by Editorial Team 05 Dec 2018

    Wall Street is notorious for its chauvinism. No more. In the #MeToo world, the natural disposition of the banking and finance industry has largely been to shun interactions with women as much as possible. Interviews conducted by Bloomberg with more than 30 senior executives in the industry revealed that the paranoia in the industry is reaching stratospheric proportions, with most men being cautious to avoid even being in a meeting room alone with a female colleague without the door open. This is causing complications for aspiring women too, with hiring being severely skewed in favor of men. Wall Street is yet to throw up any high profile case of sexual harassment or abuse in the #MeToo movement, which has even struck religion and education.

     

    read more at Bloomberg
  • A 27-YEAR STRONG ECONOMIC GROWTH STORY – AUSTRALIAN WORKERS GET PAID RECORD SALARIES

    A 27-YEAR STRONG ECONOMIC GROWTH STORY – AUSTRALIAN WORKERS GET PAID RECORD SALARIES

    News by Editorial Team 03 Dec 2018

    In spite of some headwinds in the consumer and housing sectors, Australian employers stepped up their hiring game as of last year, with record salaries being reported from other sectors. The third quarter reports on the growth of the economy recorded an all-time peak of gross profits of 90 bn AUD. The job vacancies index, however, showed a slowdown, in spite of the record growth in wages. The index slowed to an annual growth rate of 2.3% for the entire year. According to economists, this may be worrying given that this was the lowest that the indicator has fallen to, since March 2015.

     

    read more at Reuters
  • CANADIAN MARIJUANA INDUSTRY LITERALLY IMPORTING SEASONAL WORKERS TO KEEP UP WITH DEMAND

    CANADIAN MARIJUANA INDUSTRY LITERALLY IMPORTING SEASONAL WORKERS TO KEEP UP WITH DEMAND

    News by Editorial Team 03 Dec 2018

    Licensed marijuana producers in Canada are turning out to be the hottest employers, with demand for workers outstripping supply many times over. So much so that companies are importing workers from the Caribbean and Guatemala to work in production greenhouses. Licensed marijuana producers, who employed 2,400 workers at the end of 2017, are expected to create around 125, 000 jobs at the end of the first year of legalization, according to industry leaders. While companies are already recruiting by the thousands for direct production, the next wave of jobs are likely to be in derived roles like R&D, formulations and other sciences.

     

    read more at Bloomberg
  • 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

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