Though they may outnumber humans and outrun manual labor, yet humans would always preserve the trait of intuition, paraphrasing Dennis Becker, director of Global Data Science at Visa Inc. At a broader level, their cognitive faculties will earn human their right to preserve positions mandating person-to-person interaction. Various estimates have been thrown in open regarding the displacement of us all by the machines although this, in particular, is a positive one.
An expert panel at the Farnborough Airshow concluded, its implausible to operate an industry if the lion share of it belongs to men. The demand for skilled manpower has off-late overshadowed the supply within the sector. Backed by champions of the cause such as Charlotte Pederson, the solution was zeroed in at a gender neutral recruitment policy. Subsequently, top executives signed a UK charter committing reservation for women at the table.
Perpetual Garden conducted a four-day working week trail paying their employees for five. Auckland academia experts documenting the numbers revealed that stress levels dropped from 45% to 38% while the work life balance jump shot from 54 to 78 per cent. This brings to memory a Swedish rendition of the idea where the workforce was subjected to a 6-hour workday. The only question being, when will such changes become mainstream.
Amy Powell has joined the ranks of other high profile firings who were let go off due to their overtly offensive manner of racial offences. Powell, was accused of flinging ‘insensitive’ racial allusions towards the TV adaptation of a movie. The news broke with a CEO Jim Gianopulos’ memo without diving into much details. It seems Corporate America is adamant on setting the record straight with daring instances like these.
Moya Greene, the outgoing CEO of the Royal Mail might not have the best of farewells as the shareholders of the company refuse proposal to hike her compensation package. An overwhelming 70.17% votes said a vociferous ‘No’ at the annual meeting. With controversial past salary disclosures, Royal Mail would consult other representative bodies come autumn, rather than lock horns with their shareholders.
The conglomerate, valued at $16 Billion for making submarines, elevators and food packaging, is split on streamlining operations. The debate has already pushed Chairman Ulrich Lehner and CEO Heinrich Hiesinger to put pen to their respective resignations. However, the decision to mutilate a few business arms of the consortium requires the consent its biggest shareholders which includes Alfred Krupp and the labor unions. Will they blink?
Be it Intel Corp’s Brian Krzanich or Barnes & Noble Inc. CEO Demos Parneros, when it comes to company policies, the boards seem in no mood of handing a gratuitous leeway. Six weeks in to his CEO shoes and Texas Instruments’ Brian Crutcher is the latest to join the 2 aforementioned names in high profile exits. All over actions incongruous with the official norms. Corporate power, at its democratizing best!
Race is the hotbed for many things controversial these days, and who’d know it better than John Schnatter, founder of Papa John’s, whose verbal racial offence cost him the cold shoulder of the board. However, John is swinging one back at the board now accusing them of not even investigating the matter. Though a prospective legal whirlpool might await those involved, yet how does one become objective in a world so abstract.
The company is facing headwinds on its crucial Prime delivery day in Germany. A collective wave of discontent has risen among workers who believe they’re being deprived of basic healthcare rights. Led by the Verdi Services Union, warehouse employees would stage a one-day strike. Voices that argue their case say that the E-commerce company is although amassing riches, yet not allocating enough for its employee treasure trove.
Building on its promise of annual background checks, Uber will now keep a real-time eye on charges being brought on drivers. The blacklisted ones will be abolished from being a member driver for the company. Similarly, if the charges are dropped the drivers will be assimilated back into the Uber network. The last four years have seen 103 drivers from the company accused of punishable offenses, with 31 convicted.
In recent past Google might have had the edge at luring critical talent from Apple, however, the joke is on the search engine this time around. It seems Facebook has procured the services of Shahriar Rabii, whose contributions were catered towards designing custom imaging chips for third-party apps. Come to think of it, perhaps Facebook made an offer which Rabii couldn’t refuse.
The company’s latest measures seek to normalize discipline amongst those who make light of office timings. Employees with no prior permission to be late till an approved threshold could be fired, sources report. The company is advocating its latest changes to be ‘fair and flexible’ towards all. Given that Tesla fired 9% of its workforce earlier, the implications seem more than just plausible.
Convene, the startup whose ideology extends beyond co-working into yoga, shadowboxing and scotch tastings has raised a Series-D round of $150 Million. The infusion would come in handy as the company has a formidable reputation of 'WeWork' to match. With investors like BlackRock Inc., Conversion Capital and Elysium Management placing their bets, Convene, would look towards London as its first non-US base in the near future.
With accusations of mishandling prior discriminatory cases creeping up her sleeves, Liane Hornsey has put down her papers. Uber’s HR head was being called forth to account for her dismissal of internal complaints of bias at the company by whistleblowers. Although, the nightmarish episode of Susan Fowler cased major detoxification, yet the haunting roots of Uber’s past appear to be deep-rooted and hard to unearth.
The real estate that’ll be landmarked by Disney’s latest office will be located at 4 Hudson Square, New York City. The company would, however, remain in Manhattan’s Upper West Side which has been sold to Silverstein properties for $1.5 Billion in a different transaction. Company CEO Bob Iger promises the new premises to be technological ahead with a future-proof architecture for those, now enviable, employed at the company.
Two wrongs don’t make one right if only the duo of Volkswagen & Nissan knew this. The latter admitted on Monday to having handed quality assessments of almost 2,500 cars to unauthorized personnel, subsequently embellishing emission records. A disregard for public and environment safety, the move calls in question the project planning, not to mention social responsibility, of Nissan who’d certainly not have a shortage of talent, or does it?
We’ve all heard stories of employees returning to avenge their firing sevenfold but this beats them all. A recently fired 38-year old employee of NSO Group Technologies gained access to the company’s flagship product Pegasus and attempted to auction it on the dark web. Caught in time, the Israeli state shall now carry out legislation noting that the sale could have jeopardized national security.
Accused of aiding Iran, ZTE was handed a seven-year ban by US regulators. The move prohibited the Chinese MNC to use American-made components. However, an exceedingly zealous ZTE board wanted to make amends in time seeing its stock price tumble. As a result, it fired its top line and replaced the same with one Xu Ziyang (new CEO), who they feel would inspire American confidence. Costs of staying in business!
The company exercises a public-hearing-cum-videoconferencing type peer review in which underperformers argue their employability. An X-ray of the process revealed that employees lose as much as 70% of the times, in which case their choices oscillate between severance pay or a prolonged probation period. The program’s inventiveness sidelined, what bothers people management experts is that the jury members aren’t HR practitioners but off-shore professionals designated in similar roles. Fair?
Workplace inclusion has pushed employers beyond their expected thresholds of experimental capacity, yet initiated personnel from the NAACP have offered free suggestions. Just in case. Few of the measures include auditing consumer profiles, economic security for the ground staff and a diverse leadership. The report was especially directed at the training efforts of Starbucks following the mishandled arrest of two black men in April at one of its’ outlets.
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