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  • NLRB confirms joint employer rule!

    NLRB confirms joint employer rule!

    News by Editorial Team 26 Feb 2020

    According to the statement from the National Labor Relations Board (NLRB) dated 25 February 2020, the NLRB on 26 February would publish a final rule updating its joint employer standard. The statement revealed the final rule would state that an entity would be considered a joint employer of a separate employer’s employees only if it possesses and exercises substantial direct and immediate control over the employees’ essential – like wages, benefits, hours of work, – terms of employment. According to NLRB, the new rule would take effect on 27 April.

     

    Read more at HRDIVE
  • Salesforce co-CEO withdraws from the position!

    Salesforce co-CEO withdraws from the position!

    News by Editorial Team 26 Feb 2020

    In a recent announcement by Salesforce.com on 24 February 2020 revealed Keith Block has stepped down from his position as co-chief executive officer. The move ensured Marc Benioff as the sole CEO of the organization and has brought the company shares down by about 3% in extended trading. Block was seen as a potential successor to Benioff who founded the organization in 1999.

     

    Read more at Reuters
  • ML& AI spark interest but pace is slow!

    ML& AI spark interest but pace is slow!

    News by Editorial Team 26 Feb 2020

    According to a report by O’Reilly on 18 February 2020, the interest in machine learning and artificial intelligence grew last year in 2019, however, the rate of growth was slow as compared to 2018. The report revealed in 2019, there was about a 7% increase in the interest, which was about half the growth rate in 2018.  

     

    Read more at HRDIVE
  • Tech employees in Seattle earn 56% more than NYC workers!

    Tech employees in Seattle earn 56% more than NYC workers!

    News by Editorial Team 25 Feb 2020

    The US Bureau of Labor Statistics revealed employment increased by about 80% in the largest US counties in the third quarter of 2019 from 2018 and wages grew in about 350 counties of 355. The survey also revealed that employees working in the information sector in the Seattle area earned about five times more than King County, Washington and tech workers were earning an average of about $279,000 per year. When compared with workers in the NYC area the financial workers in New York City earned an average salary of about $179,000.

     

    Read more at Bloomberg
  • Employees worry about career-setback with flexi work options!

    Employees worry about career-setback with flexi work options!

    News by Editorial Team 25 Feb 2020

    According to a survey done by Deloitte about 30% of respondents revealed their concerns about using flexible work options, as they feared it may have potential consequences to their professional growth. They also felt it would result in a lack of trust from leadership. Deloitte released the findings on 20 February 2020, based on a survey of 1,000 contributors. The survey also threw light on the fact that compressed workweeks and part-time scheduling were the least popular options in the flexible work programs.

     

    Read more at HRDIVE
  • Expedia to cut 3,000 jobs to discipline bloated growth!

    Expedia to cut 3,000 jobs to discipline bloated growth!

    News by Editorial Team 25 Feb 2020

    In a recent announcement by the world-renowned travel giant, Expedia Group Inc. revealed it would slash thousands of jobs, in order to simplify the ‘bloated organization.’ The efforts would ensure the online travel giant revert to a more disciplined growth. According to the announcement, the staff reductions would affect about 3,000 employees, the number includes about 500 people in Expedia’s Seattle-based headquarters. The employees would be notified this week. 

     

    Read more at Bloomberg
  • UniCredit CEO Mustier withdraws from HSBC role

    UniCredit CEO Mustier withdraws from HSBC role

    News by Editorial Team 24 Feb 2020

    According to the research from the University of California San Diego (UCSD) and Thermo Fisher Scientific, competitive ‘winner-takes-all’ pay was one of the most effective means to spur the creativity that would help fuel economic growth. The research, which had UCSD professors partnered with the biotech company, revealed that findings were significant because the “21st-century economy is one that prizes novelty. Firms view it as an important source of comparative advantage.”

     

    Read more at Reuters
  • Fuel economic growth with competitive salaries

    Fuel economic growth with competitive salaries

    News by Editorial Team 24 Feb 2020

    According to the research from the University of California San Diego (UCSD) and Thermo Fisher Scientific, competitive ‘winner-takes-all’ pay was one of the most effective means to spur the creativity that would help fuel economic growth. The research, which had UCSD professors partnered with the biotech company, revealed that findings were significant because the “21st-century economy is one that prizes novelty. Firms view it as an important source of comparative advantage.”

     

    Read more at HRDIVE
  • Quality hires matters despite tough market scenario

    Quality hires matters despite tough market scenario

    News by Editorial Team 24 Feb 2020

    The recent survey by Yoh, dated 12 February 2020, it was revealed that about 48% of the employees believed their organization had the best talent available in the market. The Poll also revealed that about 8% of the respondents thought though their employees had talented people, they were not enough for them to perform well in their jobs. According to the survey while employees knew that their organization had talented people they were unaware of the talent and skill level at their company. The survey concluded that for the employees to work their full potential there have to be proper levels of talent throughout the company.

     

    Read more at HRDIVE
  • Big banks need an upgrade on diversity & inclusion strategy!

    Big banks need an upgrade on diversity & inclusion strategy!

    News by Editorial Team 21 Feb 2020

    In a statement given by the House lawmakers, it was revealed that big banks need to upgrade their diversity and inclusion strategies. The statement also emphasized that the onus was on the executives to drive those efforts. Rep. Al Green, D-Texas said in a statement, “There is no shortage of diverse people and businesses for banks to hire and promote. Just a shortage of leaders, including bank leaders, with the will to make it happen.”

     

    Read more at HRDIVE
  • Expensive healthcare costs lead to riskier arrangements!

    Expensive healthcare costs lead to riskier arrangements!

    News by Editorial Team 21 Feb 2020

    The ever-rising cost of healthcare has resulted in employers turning to riskier insurance arrangements. The employers were swayed by messaging from brokers to ditch the status quo. The trend, for the large employers for years, has been to opt for self-insured plans as they had enough employees to spread the risk of a potentially high-cost year due to severe illnesses or injuries. Smaller employers tend to pick fully-insured plans in which the insurer takes on the risk and pays claims as they arise throughout the year.

     

    Read more at HRDIVE
  • Oracle workers stage walk-out to protest Trump Fundraiser!

    Oracle workers stage walk-out to protest Trump Fundraiser!

    News by Editorial Team 21 Feb 2020

    In the recent development of workers staging walk-outs, Oracle employees on Thursday, 20 February 2020, walked out of their workplace to protest the Chairman Larry Ellison’s fundraiser for President Donald Trump on Wednesday. The protest, aptly called No Ethics/No Work, had about 300 employees walking out of their offices or stopping their work at noon local time. The workers spent the rest of the day volunteering or civic engagement.

     

    Read more at TIME
  • Stance on climate change: New mantra to attract talent!

    Stance on climate change: New mantra to attract talent!

    News by Editorial Team 20 Feb 2020

    According to a survey by Blind – a network where anonymous discussion about workplace issues are encouraged –  dated 10 February 2020, it was found organizations that have taken a strong stance on climate change would be able to attract employees. The report revealed nearly half of the 629 employees surveyed at the leading tech organizations confirmed that an organization’s efforts towards climate change would affect whether they would want to work for that firm or not. 

     

    Read more at HRDIVE
  • Airbus defense business to slash more than 2,300 jobs!

    Airbus defense business to slash more than 2,300 jobs!

    News by Editorial Team 20 Feb 2020

    Airbus recently announced its plans for the Airbus Defense business which included the cutting off more than 2,300 jobs. The reason included the flat space market and postponed defense contracts. According to a statement issued by the aircraft maker, it was revealed that Airbus Defense and Space Division had had a conversation with the organization’s European works council on the planned cutbacks. As per the plan, the cuts would be across Germany, Britain, Spain, and France along with other 141 countries.

     

    Read more at Reuters
  • Cover letters are important for recruitment process!

    Cover letters are important for recruitment process!

    News by Editorial Team 20 Feb 2020

    In a recent survey by OnePoll carried on behalf of ResumeLab, about 83% of the 200 participating recruiters, HR specialists and hiring managers revealed cover letters are still an important part of the hiring process. According to the survey, a cover letter could help candidates land an interview even with a mediocre resume. In addition, about three-quarters of recruiters stated they preferred applications with cover letters separated from the resumes.

     

    Read more at HRDIVE
  • HSBC to slash 35,000 jobs globally amidst profit plunge!

    HSBC to slash 35,000 jobs globally amidst profit plunge!

    News by Editorial Team 19 Feb 2020

    In a recent announcement made by the bank, it was revealed HSBC would slash about 35,000 jobs worldwide over a period of three years. According to the announcement, the job slash would be a part of a major shake-up as the bank issued a warning over the impact of the coronavirus outbreak in Asia. The announcement also threw light on the clear intentions of the bank stating HSBC said there would be ‘meaningful job cuts in the UK.’ The job cuts though would mainly affect the head office operations, the impact would be visible on global banks and market business.

     

    Read more at The Guardian
  • Britain to attract high-skilled workers with points-based immigration!

    Britain to attract high-skilled workers with points-based immigration!

    News by Editorial Team 19 Feb 2020

    According to the statement by the UK government released on 18 February 2020, Britain would prioritize the access for a high-skilled workforce globally in its post-Brexit, points-based immigration system. The government revealed the plans to end the reliance on ‘cheap labor form Europe.’ The new system would assign points for specific skills, qualifications, salaries, and professions and only give visas to those who have enough points. The new system would come into force from next year 1 January 2021. In addition, the new system would treat the EU and non-EU citizens equally.

     

    Read more at Reuters
  • Recruiters least bothered about misrepresentation on resume!

    Recruiters least bothered about misrepresentation on resume!

    News by Editorial Team 19 Feb 2020

    The recent survey by Checkster, dated 13 February 2020, about 78% of applicants have misrepresented themselves on their resume. The report also revealed about 66% of hiring managers were ‘willing to accept” it. The survey, to which about 400 applicants and 400 hiring managers contributed, also revealed about 60% of applicants claimed about their skills mastery. Some of the blatant claims include the number of experiences a candidate had, wrong reasons for leaving the previous job and inflated job titles.

     

    Read more at HRDIVE
  • CEOs exits increased in January: Challenger

    CEOs exits increased in January: Challenger

    News by Editorial Team 18 Feb 2020

    In a recent report by Challenger, Gray & Christmas Inc., a disturbing trend came into light. The report revealed a sudden surge in CEO turnover last month. It revealed turnover jumped about 37% over the previous month and the estimated number of exits being 219. Challenger uses SEC filings, along with news reports, organization announcements to keep a track of changes at the US-based organizations that have been in the business for a minimum of two years and have 10 employees in their workforce.

     

    Read more at HRDIVE
  • Recruiters, software engineers most likely to job-hop!

    Recruiters, software engineers most likely to job-hop!

    News by Editorial Team 18 Feb 2020

    According to the study by Workforce Logiq, it was found software engineers, marketers and recruiters are more likely to jump the ship as compared to other professionals. In another report published by 2020 Workforce Management Benchmark, dated 12 February 2020, professionals who topped the list of job-hopping professionals were recruiters themselves at about 115% higher than the national average, with software engineers at the second position at about 105% higher above the average. They are followed by marketing professionals at about 82% above the average. The report also featured industries with the highest and lowest volatile workforce.

     

    Read more at HRDIVE

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