A Gartner report says only 50% of employees feel confident that their leaders can drive their organizations forward. Contrarily, 50% of leaders, among 2,800 surveyed leaders, feel under-confident themselves. Instead of focusing on leadership models, HR should build an environment based on complementary leadership, wherein the responsibility is shared between leaders with the same skillset, the Gartner report further says.
Russel Reynolds Associates, executive recruiting firm, hired Andrew Droste, a specialist in environmental, social and governance (ESG) risks facing companies. Corporate boards are considering ESG risks under pressure from investors. Droste had earlier worked with BNY Mellon and TIAA-Nuveen on corporate stewardship and governance policy. Russel Reynolds finds chief executives for companies including Aramark and Duke Energy Corp.
Co-working spaces seem to be everywhere. We Work, for instance, occupies the most office space in London after the government. It is also the top commercial real estate holder in New York. Spaces, another co-working space provider, recently unveiled 9,000 sq. ft in New York. With hip and modern office spaces, they prize independent work over full-time employment.
Lately, pay transparency has been a growing concern among employers. How much information related to employees’ compensation should be revealed or open to other employees, or whether it should be revealed at all, is still a pressing question among employers. Further, a few states require employers to provide pay range while seeking job applications, other states don’t. Disclosing salary can hurt feelings.
Nissan, the Japanese carmaker, plans to cut 10,000 jobs worldwide. In May, the company had announced to cut 4,800 jobs from its global workforce of 139,000 employees. The company quotes a decline in profits as the reason for layoffs. Nissan has reported a fall in profits in the United States and Europe. The layoffs are expected to happen in factories outside Japan.
Last year, 36, 000 jobs in Baltimore that require some coding ability went unfilled. To address this problem, John Hopkins University and 2U’s Trilogy Education will host a coding boot camp which will teach front-and back-end development to work professionals and adult learners. This program will run for 24 weeks, starting in September 2019. The program will cover HTML, CSS, and JavaScript, among others.
A survey conducted by CareerBuilder, among 2, 031 workers, found that half of the respondents feel they just have a job. The other half, however, feel they have a career. Further, the survey found 32 percent of surveyed workers planning to change their jobs this year, and only 32 percent of respondents were satisfied with their career growth opportunities.
Google paid $11 mn to 200 jobseekers who filed a class-action lawsuit against it. The jobseekers alleged the company discriminates against age during hiring. Ageism is a common debate in Silicon Valley. Payscale, a research firm, says the average age of a Facebook employee is 29, while at Amazon it is 30. Apple Inc. too has been accused of age discrimination.
Last week, Facebook’s cafeteria workers protested to increase their wage. Nate Percastre, one of the workers at Facebook’s cafeteria, says,” when a company is trying to pay you the same rate that they pay in other cities, we can’t accept that. We’re in San Fransisco. The cost of living is way too high.” The protestors demand shorter workday and higher wages.
Employers have realized that it is time to upskill workers for technological change. Amazon’s Upskilling 2025 training investment, which was announced earlier this month, has brought the attention of employers to the need for upskilling. Amazon plans to invest over half a billion over the next six years and impact 100,000 employees. In 2017, employers spent $1,296 per employee on training.
A new study Digital Ocean found that 86% of developers work remotely. The study was conducted among 45,000 developers. Of these, 43% believe that the ability to work remotely is a must among developers. 71% of respondents said they feel connected to their organization’s community while working remotely. A small percentage of remote developers are satisfied with work-life balance.
Sid Sijbrandij built a billion-dollar business, where 700 employees work remotely. His current business makes $100 million in revenue and is valued at over $1 billion. Sid says, there’s something to see in people when they have webcam calls. Companies like GitLab encourage people to have webcam meetings. Entrepreneurs like Sid Sijbrandij are using the gig economy to build a successful business.
On Sunday, Brazilian President Jair Bolsonaro said that the government may take measures to make firing employees less expensive for employers. Currently, a Brazilian employer pays 40% of the total contributions made by the company to an employee, in case of unjust firing. Brazil’s economy is struggling and working hard to come out of a recession.
The Purple Campaign has created a certification for the U.S. employers to address sexual harassment at workplaces. The campaign is similar to the Human Rights Campaign’s (HRC) Corporate Equality Index, which sets standards for and monitors how organizations respect LGBTQ employees’ rights. Employers will be certified on six criteria, the campaign website reports.
A New York Times story says the number of female workers in China has decreased in the past few years. In 1990, 75 percent of women were working. This number has decreased to 61 percent. Further, 30 years ago, women earned 80 percent of what men earned. However, this pay gap has increased to 67 percent. Chinese women are protesting against this.
Millennials, between 21 to 38 years of age, are the largest demographic in the U.S. workforce, the Fortune reports. Among top 10 places to work for millennials, eight were found before 2000. Among top 100 companies, the oldest, American Express (at 50) was found in 1850. 20 were found before 1960, and 31 before 1980, Research and analytics firm Great Place to Work reports.
Numerous U.S. companies have adopted a babies-at-work policy to retain critical employees. According to Maryland Family Network research, families spend around $20,200/year to have two children at daycare, while the median family income is $86,700. In 2007, the number of companies facilitating this policy was 70. This number has increased to 200. Another 100 might add soon.
An AI tool developed by researchers at Penn State University and Columbia University can detect discrimination in hiring, pay, policing, admission and finance. The tool has been developed after analysis of data from 50,000 people, which includes salary, demographics, and employment-related information. The tool is developed to detect discrimination. However, there have been cases of machine learning algorithms discriminating.
Mercer’s 2019 Global Talent Study found that 20 percent of U.S. employees would quit their job for better pay. However, only 6 percent of HR leaders believe a competitive salary is the reason workers leave their job. Further reports have concluded that disparity in pay makes it difficult to achieve diversity, but transparency in pay can reduce turnover rate, Mercer showed.
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A coalition of British industry groups and education bodies has asked the next British prime minister to relax proposed reforms of the immigration system, Reuters reported. On Wednesday, the coalition started the #FullStrength campaign to lower the threshold salary from 30,000 pounds to 20,000 pounds. More than 60 percent of all jobs in the UK fall under a 30,000-pound salary threshold.
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