As per the Cassidy-Sinema plan, announced in July, parents who qualify for the federal Child Tax Credit would have the option of taking an advance up to $5,000 upon the birth or adoption of a child. This is applicable to the adoption of children age six or less. Further, parents will receive an adjusted tax credit of $1,500 over the following 10 years.
On Wednesday, Volkswagen Group showed its support to Herbert Diess and Hans Dieter, company’s chief executive and chairman, who was indicted earlier this week on charges related to Dieselgate emissions-cheating scandal. Both men will stay remain in office, the board said in a statement. Dieselgate has cost the company 30 billion euros, including 2.3 billion euros in German fines.
The standard salary level will be raised from $455 to $684 a week under a new rule announced by the U.S Department of Labor. The rule will go into effect on January 1, 2020. Workers who earn less than $35,568 annually will be eligible for overtime pay. The current threshold of $23,700 was set by the George W. Bush in 2004.
A recent survey from Peakon, employee engagement platform, found that employees are most inclined to change their pay if they are given an opportunity. Next in line is communication. Effective communication can have a big impact on both employee engagement and strategic objectives, the survey further noted. Two-way communication within an organization “paves way for transparency, innovation, and profitability, Peakon says.
On Wednesday, Kevin Burns, CEO, Juul Labs, stepped down from his position at the company. Reportedly, the tobacco vaping company has been taking flak amid growing concerns about teenage vaping and legal challenges. KC Crosthwaite will replace Burns. Crosthwaite is chief strategy officer at Altria, the tobacco giant. The company holds Juul’s largest number of shares, the Guardian reports.
Walmart is expanding its Live Better U education benefit program, the company announced. The benefits program offers education related to health-related fields in partnership with Guild Education. Employees can apply for BA degrees in health science, health and wellness, and healthcare management. Additionally, employees can apply for career diplomas for pharmacy technicians and opticians.
On Tuesday, contract workers for Google in Pittsburgh voted to join the United Steelworkers, according to the union. Most of the Pittsburgh staff are data analysts for Google Shopping, the company’s product search service. Union Steelworkers union plans to expand and set its foothold in the technology sector. Previously, Google has been under fire due to various employee issues, Bloomberg reports.
New research from RAND Corporation says unclear career paths and unequal access to training pose substantial barriers to reskilling initiatives. Further, the report noted the workforce development is falling short on stakeholder’s needs. Equal access to learning and training, and matching and re-matching workers timely with jobs aligned to their skills can sort the reskilling problem.
A survey from Clutch revealed employees younger than 35 can differentiate between discussing politics at the office and discussing on social media. 45 percent of younger workers believe that companies should not clarify whether they can express political views while working or not. 29 percent of workers believe that companies should regulate political talk on social media.
Manny Fontenla- Novoa, boss of Thomas Cook, received 17m over four years following the company’s merger with MyTravel. Reportedly, Novoa’s big payout came at the expense of 2,800 workers who lost their jobs as a result of the merger. John McDonnell and other members from Labour’s party called on bosses of Thomas Cook. The company’s shares collapsed on Sunday. Hedge funds have made big profits from Thomas Cook’s collapse.
Fortune, the magazine, and Great Place to Work announced Hilton as the best place to work for women. Hilton is followed by Ultimate Software, Wegmans Food Markets, Inc., Cooley LLP; and Texas Health Resources. The results were based on the feedback from 4.6 million U.S. employees and women’s feedback in Great Place to Work’s 60-question trust index survey.
A Boston Consulting Group survey found out that offering flexible work offerings helps retain female employees. Men are equally inclined to flexibility in jobs, the survey further reported. Millennial men prefer the ability to decide when, where, and how much they work more than previous generations. Employers who offer flexibility in search of gender diversity are missing the full picture, BCG concluded.
On Tuesday, Amazon held recruiting events across six U.S cities to hire candidates in the company’s business centers in respective cities – Arlington, Virginia, Boston, Nashville, Dallas, Chicago, and Seattle. At the Arlington event, the company’s second headquarters, the company received more than 5,000 visitors. The company received more than 208,000 applications since it announced Career Day earlier this month.
A new skill assessment tool has been launched by LinkedIn, the company announced in a blog post. The tool allows job seekers to check their proficiency in their area of expertise. The LinkedIn assessment tool will validate job seeker’s skills and mark their profile to stand out for recruiters. Skills assessment is based on content creation and review process, HR Dive reports.
A Randstad USA study says 47 percent of job candidates avoid companies with negative reviews. Most companies tend to ignore employee satisfaction review which in turn jeopardize their corporate brand. In this scenario, companies need to get positive reviews for themselves. Hires who use Glassdoor have a 30 percent greater retention rate, Glassdoor reports.
A poll conducted by Hired, a career marketplace firm, found Google and Airbnb to the two most desirable tech companies for employees. Google and Airbnb fell on Hired’s 2019 publicly traded and privately owned lists, respectively. Hired polled 3,600 tech candidates on each company’s “brand positivity index”, a measure of candidates interested in working for a company.
EVP or Employee Value Proposition is a new concept in which companies are now applying to keep employees with them. EVPs go beyond compensation and include other benefits for employees. To make this concrete, 180 CEOs of major U.S. companies signed a statement redefining the “purpose of a corporation” as delivering value to their stakeholders including employees, HR Dive says.
Morgan Stanley has hired Jean De Miramon as managing director and head of chemicals banking for EMEA. Miramon spent 22 years working as a chemicals investment banker. Recently, he served as vice chairman and head of chemicals banking at Barclays. Reportedly, he was among the pioneers of BofA and dealt with key client’s in the chemicals sector.
On Tuesday, LinkedIn announced the launch of a skills assessment tool through which users can test their knowledge. Reportedly, 75 percent of human resources professionals are facing challenges in recruiting due to skill shortage. The tool is aimed to encourage skill development among LinkedIn users. The initiative will match potential employees with the right employers.
“Seen by Indeed” is a new recruiting platform from Indeed. The recruiting platform will connect recruiters with candidates for the “hardest-to-fill tech roles”, Indeed announced on its blog. Unlike the predecessor, Indeed Prime, which focused on recruiting the most qualified tech talent for a small number of roles, Seen is speculated to match employers of all sizes.
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