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.
In an internal memo, Cathay Pacific Airways Ltd. – the Hong Kong-based airline revealed more than 25,000 employees have taken unpaid leaves. The scenario underlines the depth of troubles within the airline, as it struggles against coronavirus. CEO Augustus Tang said Cathay’s challenges ‘remain acute’ and thanked employees for their support. Cathay Pacific, this month, had asked about 33,000 of its workers to take three weeks off between March 1 and June 30.
According to the recent research from the University of New Hampshire’s Institute on Disability, dated 25 February 2020, it was revealed there has been a slow-down in the employment growth rate for the employees with disabilities. The report said workers with disabilities ‘were left behind’ even as workplace diversity was on the rise. According to the report, the national disability employment rate rose about 37.6% in 2020 as compared to 37% in 2019 representing substantially slowed growth as compared to recent years.
As the deadly coronavirus spreads in Europe and Asia, companies take drastic measures to contain the breakout in their premises. According to the various media reports in Europe and Asia, organizations in Europe have announced corporate emergency and have put the plans into action. The plans forced employees to work remotely with other businesses refining their protocols to prepare themselves for the oncoming disease.
In a recent survey conducted by Green Circle Life, wherein workers and HR professionals contributed, it was revealed technology plays an important role in improving its HR services. The survey report also found out that more than half about 53% of respondents were generally happy with the HR services and the benefits offered to them. The survey also revealed the top utilization strategies of employers. It was found about 27% of them admitted that they use an integrated HRIS and benefits enrollment platform to encourage employees to learn about and use their benefits.
According to a recent survey from Aetna International, it was found out workers worried about their health and well-being. The survey also revealed a lack of specific knowledge related to their health status and motivation to change poor behaviors and shift to a healthy lifestyle. The survey had about over 4,000 workers and 1,000 HR directors from the UK, the US, the UAE, and Singapore. The report revealed that about a quarter of respondents were worried about their health but were afraid to go for a health check-up.
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.
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.
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.
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.
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.
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.
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.”
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.”
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.
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.”
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.
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.
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