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With Fortune500 companies having no more than 6.4% women CEOs, much is to be expected from the boardroom of global corporations. Nevertheless, there is one C-suite position, where women trump men, by the sheer strength of their numbers. At 60 of the 100 largest US companies by revenue, it is a woman who holds the crown of a CHRO!
Or so we gather, from the latest installments of standing desks for all employees. Tim Cook, who’s an avid promoter of smart living, is smitten with the idea of healthier employees. And why not? On-campus plantations, gyms, not to mention an interstellar office make the top of perks being arrayed for the workforce. An investment which bears Apple the return of being the World’s Most Valued C
Major corporations operating in the UK are not doing their professional landscape a favor by adapting to a policy which eliminates job-positions in the name of business imperatives. This time it’s the Lloyds Banking Group which is showing pink slips to about 900 employees. The compensation shall come in the form of 450 fresh vacancies, which still leaves a deficit of 465 jobs.
Morrisons has announced plans to give its internal structure a face-lift in process axing 1500 jobs. The employee-grind comes as the supermarket intends to increase its on-floor staff-deployment. The affected staff will have the option to either re-apply for management vacancies or face a pay-slump, switching to new positions being created.
It’s official. Kazuo Hirai will be making way for the company’s CFO, Kenichiro Yoshida, to take control as Sony's new CEO. The change will be effective from April 1. The duo had been instrumental in past for selling the struggling PC business and taking the PlayStation segment to new heights. Mr. Hirai shall retain the chairmanship of the electronics giant.
This is the predicament of more than 50% of German companies who are tussling with time to find able, interested people. While some have been forced into the compulsion of replacing retiring baby boomers, others are willing to make an offer people can’t refuse. The allure of extra days off, pay rise, even reduced working hours should ideally provide the catalyst to fill record vacancies. Tick tock.<
The car manufacturer will lay-off a record 9% of its workforce to register profits and prune duplicate roles. Yet, the victims of downsizing have made peace with the situation, that too, with positive reviews on social channels. Tesla will sanction severance pay in the form of ‘salary & stock vesting’ than leaving the ex-staff hanging by the thread.
In a rippling economy where inflation is wreaking havoc, UK retailers bear the brunt of running a successful business. Many seek respite from the rising heat of falling revenues, to counter which they are turning to cutting jobs, in the name of efficiency. The list runs supermarket chains like Sainsbury’s, Asda, Tesco & now even B&Q.
Dhivya Suryadevara will be remembered in the annals of history as the first female CFO of a major car-maker. She’s almost the same age (39) as the accrued experience of the departing CFO Chuck Stevens (40 years) at GM. This is the second major female entrant in the company’s board, since the financial crisis of 2009, CEO Mary Barra being the first.
Healthcare is one of the most valued sectors in the world, and as expensive. The trinity of Jeff Bezos, Jamie Dornan & Warren Buffet are coming together for reasons inspired to bring healthcare costs down with technology. A rather surprising thing to look out for is that the initiative will not be driven to make profits.
An analysis which was to be presented to the cabinet was embarrassingly leaked, adding to the Theresa May’s blushes. The report, supposed to be kept secret, claims that after weighing all the options the United Kingdom could see its National Income take a plunge. Depending upon the agreement, the dip could vary from 2% to 8%.
The AI-blitzkrieg is all about getting rid of the redundancy. A recent report claims that the UK alone stands on the verge of losing up to 3 million jobs by 2030. But all shall not be lost. It is also estimated that nations of the sizes comparable to that of the United Kingdom are likely to generate 80,000 jobs annually, accredited to AI.
The mother of decorated entrepreneur Maye Musk has been a lifelong model. And even at 69, she refuses to bow to her age. Signing a contract with IMG Models, Maye might be signaling to something much greater than inspiration for others. At a time when the Gen-X is sweating out over post-retirement savings, an increasing number of people are preparing to run some extra miles turning 60.
While top performers at an ideal organization may reap monetary rewards for their efforts, Instagram gives its star players an ‘axe’. Literally. The hunch that seeped into reality over a coffee outing is now part of a vibrant office ritual that bolsters both esteem and performance. It appears, company executives have unlocked the mantra to a wholesome professional life – A sense of recognition far outweighs financ
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 could
Uber is surely making great progress as promised by its CEO Dara Khosrowshahi when it comes to refurbishing culture. Approving to one of the recommendations from the attorney general Eric Holder, the company has appointed a first D&I Officer, Bo Young Lee. Bo, was earlier employed at the financial services firm Marsh as its global D&I head.
Payroll Panda facilitates SME’s with UI friendly capabilities for payroll management. The Startup though claims to have 1000 clients, but it's their seed fund of $700,000 that proves investors see the scope of improvement in other competitive SaaS-based HR platforms. Payroll Panda is part of that elemental digital transformative change which will encourage SMEs to embrace the cloud technology.
A new story popping-up in the Jiangxi province in China is raising the eye-brows for strange reasons. Almost 30 migrant workers who were employed in a factory in Nanchang, whose unpaid-dues had piled up to 80,000 yuan, have been paid back with 290,000 bricks instead of money. Speculation points to the fact that such disputes are commonplace, owing to the Chinese New Year preparations.
The petition that gravitated the sign support of 2600 Googlers beseeches a safer workplace. A slew of complaints by people of color and the transgender demographic have led the company to tighten the nuts and bolts of its code of conduct. Google has pinned high hopes on the amended policies which now cover the content posted on internal forums (perhaps) to avoid another James Damore episode.
The disaster which led to the leak of 600-tons of nuclear fuel still has regions with life-threatening levels of nuclear waste. Yet, the Tokyo Electric Power Company is striving to mend the power plant by deploying robots. Much is left to speculation, as parts of the town still receive food supply through drones.