On Monday, Warner Media announced that it had appointed Ann Sarnoff as the chief executive officer of Warner Bros, after a scandal involving its last studio chief. Ann Sarnoff is the first woman chief executive officer of Warner Bros. The newly appointed chief is also the president of BBC Studios America. AT&T acquired Warner Bros last year.
The latest Annual Employee Engagement Report found that 71 percent of workers are engaged at work. Belief in the organization’s future, trust in senior leaders and their ability to communicate a motivating vision of the organization’s future were among the factors that impacted engagement. Workers who have access to employee assessment results are more engaged than those who don’t have any access to it, the report further found.
Despite feeling lack of proficiency in a key skill, nearly half of workers feel uncomfortable to ask employers to help in learning, a study from edX found. Technical advancement has made skills development necessary more than ever before. The study from edX further found that workers hold employers responsible for their earning, and an equal number of workers were found to hold employees responsible for their learning.
A KPMG survey says women in senior profiles feel discriminated and more critically judged for their behavior at work. Respondents were told that they were “too bossy, too direct or insufficiently collaborative”. More than half of these senior employees said that they altered their behavior to meet their colleagues’ expectations from them.
Employees prefer a simple “thank you” as recognition of their daily performance. In a Deloitte survey, 47% of respondents preferred to be recognized than get a raise; 37% of employees want to be known by the leaders of their supervisors and 32% preferred the recognition of their direct supervisors.
Uber and Lfyt are urging lawmakers to exempt them from the legislation that would make it mandatory for them to treat their contractual drivers like employees. It is a classification conundrum for the two car-rent companies. Along with the two other companies, many other agencies and individuals are rooting for the gig model.
On Thursday, Trump administration announced that it had no plans to cap H-1B work visas for countries that store data locally. H-1B program issues U.S. Visas to foreign workers. U.S. issues 85,000 H-1B visas and around 70 percent go to Indians. Earlier, the U.S. had conveyed its plan to cap the visas between 10-15 percent issued to Indians.
Independent workers in the U.S. feel more confident now, research from MBO Partners revealed. The report counts freelancers, contractors, consultants, temporary or on-call workers as independent workers. Further, the report attributed the growth in online talent marketplaces and a shortage of skilled talent as reasons for higher confidence among independent workers. In 2019, independent workers added $1.3 trillion to the U.S. economy.
A new rule from the Trump administration will allow workers to shop for healthcare coverage from the funds provided by employers. This change will come into effect from next year. Employers will be required to deposit money into a tax-exempt HRA standalone account which employees can use to shop for coverage. 800,000 workers are expected to benefit from this change.
World Bank’s 2016 report says women are at more risk of losing jobs as compared to their men counterparts. As per the report, about two-thirds of jobs in developing countries are at risk from the new developing and evolving technologies. Unfortunately, women will fare worse than men, and will lose more of the existing jobs and will land fewer of the emerging higher-skilled jobs.
Despite numerous employees protesting outside the venue of the annual shareholder meeting, Alphabet, the parent company of Google, rejected various proposals to address sexual harassment, antitrust issues, and diversity policies at the meeting. Earlier, in November 2018, Google had done away with its forced arbitration policy that addressed sexual assault claims for full-time employees. It was followed by a walkout of about 20,000 employees.
Some 50 odd companies in the US were honored on Monday for their commitment to ‘moving social impact, and civic engagement’ among other causes. These Civic 50 honorees included all public and private US companies who had revenues of USD1 billion or more and were selected on the basis of four criteria namely – investment, integration, institutionalization, and impact. ATT and Hasbro were among them.
Hiring ex-offenders seems to be a growing trend among U.S. employers. About 700 million persons in the U.S have a criminal background. However, it doesn’t necessarily indicate that they are convicted. A study by Northwestern University reported that the hiring rate among ex-offenders is lower than non-offenders in customer service roles. Brown’s Super Stores employ between 600 and 700 workers with criminal histories.
More than half of the CEOs are optimistic that their business will grow by at least 2 percent in the next three years, KPMG’s fifth Global CEO Outlook found. The survey further found that 33 percent of CEOs plan to grow their workforce by 6 percent. 70 percent of CEOs plan to invest in technology, 30 percent plan to invest in employee development as part of workforce development.
Other than regular personality traits; confidence, empathy, ambition, conscientiousness; sensation seeking is a new personality trait that is gaining popularity. People with this trait seek unpredictable, strange, and even frightening experiences. This trait is also being associated with entrepreneurs or risk takers.
Company perks, beer taps, ball pits, open-office don’t seem to be a priority to attract employees anymore. In the past few years, diversity deficiencies, harassment allegations, and ‘stack and rank’ mechanics at top companies including Google, Microsoft, Amazon, and Facebook have brought the focus back to building the company culture Organizations are now putting more emphasis on building a holistic culture.
On Monday, employees of BuzzFeed News staged a walkout to demand recognition of their union. This came after months of a failed negotiation with management, Huffington Post reported. BuzzFeed employees had announced the formation of a union in February after 15 percent of its workforce was laid off. The employees demand recognition of their union with the News Guild of New York.
Slowly moving away from fixed benefits, companies now increasingly offer flexible benefits plans to employees. These plans can be customized according to the needs of employees. The trend is driven by the bulk of the millennial workforce and the rising healthcare cost. Expectedly, this trend will grow as the millennial workforce grows.
A Guardian report says there have been sudden mass layoffs at AT & T, Wells Fargo, and many other U.S firms. This comes after recent promises of more jobs and more investment for the betterment of workers in the light of Trump tax cut bill. Randall Stephenson, CEO of AT&T, promised to invest $1bn and Wells Fargo pledged to increase investments in workers and raise the minimum wage by $15.
On Tuesday, Sundar Pichai, CEO of Google, apologized to the company’s LGBTQ employees. Reportedly, YouTube’s decision that Steven Crowder’s YouTube Channel didn’t violate YouTube’s policies created a backlash. CEO of YouTube, Susan Wojcicki, also apologized to LGBTQ workers. Sundar Pichai and other Google executives discussed issues affecting the community and the rising need for policy decisions, The Verge reported.
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