In an internal statement released late Wednesday confirmed the resignation of chief executive officer Alain Bellemare. The statement also revealed Bellemare will be replaced by a former company executive and Hydro-Quebec CEO Eric Martel. Bellemare will step down from his current position after spending good five years at the organization when he took the top job in 2015. He has steered the organization through some of the biggest challenges including a brush with bankruptcy due to the costly C Series jet program.
In a recent development, SAS Airline SAS invited unions to discuss a 20% work and pay cut for all its employees, amidst its battle against the deadly coronavirus. The airline confirmed a slump in demand due to the COVID-19 breakout on Tuesday, 10 March 2020. The news was initially reported by Norwegian business daily DN citing an internal email circulated at the carrier. The airline co-owned by Sweden and Denmark revealed last week it was pursuing various measures to cut costs including hiring freeze.
According to internal communication, chief executive officer Henrik Adam revealed Tata Steel Europe plans to cut about 1, 250 jobs as the company faces some ‘challenging circumstances’ and ‘needs urgent improvement in profitability.’ Adam in an internal memo revealed the seriousness of the organization’s financial situation and the urgent priority to improve the business performance and the cash position. In addition, to the job cuts, the organization will not replace employees who have left or retired.
According to the statement by the New York State Common Retirement Fund, revealed Coca-Cola will consider the wages it pays to all its employees when it will settle executive salaries, with an aim to bring them into closer alignment. The statement further revealed that following the agreement with the beverage giant, the fund has withdrawn a shareholder resolution against the organization.
The recent decision of Hachette to publish the autobiography of the Hollywood director Woody Allen has not gone down well with the employees. Dozens of Hachette employees staged a walkout of the company’s New York office on 5 March 2020, to protest against the company’s decision to publish Woody Allen’s autobiography. A Hachette imprint – Grand Central – announced this week it would publish the Hollywood director’s Apropos of Nothing on 7 April 2020. Grand Central acquired the rights to publish the book a year ago and have not yet disclosed the related financial terms.
According to the recent survey results from HackerRank, the time-to-hire for tech positions may reach 45 days, especially for the recruiters at large companies. The study was shared with HR Dive via email and had about 5, 000 tech leaders as respondents, who examined key data points in the recruitment process like requisition load, a number of applications per posting, application pass-through rate along with phone screen pass-through rate. The study also revealed recruiters with more than 20 requisitions had an average time-to-onboard of 45 days.
Kansas City, Missouri, is learning the ropes to navigate the war for top talent in a tight labor market, as over 450 talent acquisition and HR leaders at the organizations like Cerner, Garmin, Hallmark, Sprint, H&R Block, Geico, and KPMG participated in TeamKC’s third annual Training Camp on 28 February 2020. The initiative was spearheaded by the Kansas City Area Development Council (KCADC) and was formed to build custom resources to elevate the region’s efforts to attract, retain and develop top talent. Currently, TeamKC serves a network of about more than 1,000 talent acquisition leaders and about 300 Kansas City area employers.
France’s top court in a recent ruling recognized the right of an Uber driver to be considered an employee. The ruling could upend the US firm’s business model and could potentially require the organization to pay more taxes and benefits like paid holidays. The decision by the Cour de Cassation could also affect France’s wider gig economy. The previous decision by the France’s top court was upheld saying the Uber driver doesn’t build his own clientele or set their own prices, which makes them a company subordinate.
As the fear of coronavirus escalates, Microsoft Corp joins the league of other US-based companies asking employees to work from home in order to limit the exposure to the coronavirus. Microsoft has urged its numerous employees working in the Seattle region near its headquarters and the San Francisco Bay Area to work from home until 25 March 2020.
According to the latest research by Accenture "Getting to Equal 2020: The Hidden Value of Culture Makers," dated 4 March 2020, it was found out while both leaders and employees value workplace culture, there is a disconnect when it comes to culture perception. The global survey wherein about more than 30,000 professionals in 28 countries had contributed revealed diversity and inclusion was not a top strategic priority for the majority of employers due to misconception of favorable company culture.
The recent Coronavirus scare has led to social media giants Twitter, Facebook and other high-profile employers to restrict the employees’ movement including aspiring candidates in order to contain the spreading of COVID-19. Twitter, in its official announcement on 1 March 2020, revealed the suspension of all non-critical business travel and events. It has also strongly encouraged employees to work from home in an effort to lower the probability of spread.
According to LinkedIn’s 2020 Workplace Learning Report, dated 3 March 2020, it was revealed there’s an upskilling and reskilling revolution coming in the next there to five years. According to the report, it was found about 51% of learning and development (L&D) professionals were planning to launch new upskilling programs in 2020 and in the next decade, the report revealed, digital transformation and automation were expected to have a greater impact on the global workforce.
The yearly ranking of best jobs’ edition Best Jobs of 2020, from the jobs site Indeed is peppered with tech positions. The list shared had eight tech jobs that found their place in the top 15, as compared to the last year’s ranking where only six tech jobs made it to the top. Software architect ranks number 1, with full stack developer ranking at number 2 and development operations (DevOps) engineer at number five. According to the list, the demand for data scientists has given the role a significant boost and it jumped from last year's position at number 22 to No 8.
According to the latest study by Glassdoor threw light on an interesting fact. Candidates especially millennials and Gen Z responded better to the difficult interview process as compared to an easy one. The study also revealed that candidates were rejecting job offers at a speedy rate with rejection rates at their peak in five years. It also stated that the general rejection rate hovered around 17.3% and candidates in professional & technical industries rejected the job offers at a rate of 19.4%. The research concluded the trend confirmed conventional wisdom on the increasing competition for talent.
In a recent statement issued by the company, it was revealed Harley-Davidson is on the lookout for a new leader to rev up the declining sales at the iconic American motorcycle maker. The search started as the company started rolling out its new products. The company is also searching for the new leader, with the current chief executive officer Matt Levatich stepped down unexpectedly on 28 February 2020. Levatich resigned from his post a 26-year stint at Harley-Davidson including five years as the CEO.
The recent panel discussion in Washington Post live on Working Families: The Cost of the American Dream threw light on how the rising cost of childcare, ineffective parental leave policies and even pay disparities made it difficult for working families to meet their ends. The experts at the panel discussion, which was a healthy mix of academics, government officials and advocacy organization leaders, addressed the various problems facing the families and the possible solutions.
According to the survey carried out by the National Business Group on Health’s 2020 Large Employers’ Leave Strategy and Transformation Survey, employers would be expanding paid leave benefits keeping in mind both eligibility and qualification reasons for the same. The survey that had about 113 large employers contributing to it, revealed in 2019 about 30% of employers had added new leave programs, around 12% had expanded their eligibility criteria and about 24% of them increased the length of available leaves. The research also cited various reasons for the same – retention and engagement being the top two.
In a company announcement made by General Motors Co, the plans for hiring about 1,200 more workers for its two plants at Lansing in Michigan. The hiring is because of the increasing demand for the company’s mid-sized sport utility vehicles. According to the statement released the automaker giant also plans to add a third shift and about 800 workers at its Lansing Delta Township plant – building ground of the Chevrolet Traverse and Buick Enclave SUVs.
In a recent study released by the Carnegie Trust, University College London’s Center for Longitudinal Studies and Operation Black Vote revealed young ethnic minorities were at a greater risk of being in unstable employment. According to the research, the minority group has about 47% more likely to be on a zero-hours contract. The study also revealed the ethnic minority group would have about 4% fewer chances to have a permanent job. The researchers had compared the young professionals about 25 years in England.
The recent study by MIT Sloan School of Management revealed that employees who performed distinctive tasks earned about 5% more than them in the same organization and in the same job. The study also revealed the pay differential could contribute to pay inequality. According to the study, as the job evolves and employees who perform unique tasks command higher salaries thus giving rise to more pay disparity.
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