Central Bank is being criticized for fixing low-interest rates and encouraging unthoughtful spending from Congress. Federal Reserve has come out to be the main reason behind income inequality across the US. These policies are also discouraging entrepreneurship and innovation. Earlier people have rooted for progressive tax reforms.
Sodexo is invested in creating a better infrastructure and sustainable environment for its employees. Among other things, it is using augmented reality glasses, chatbot programs and data to influence the behavior of its employees. Sodexo plans to introduce green building this year.
Following Facebook-SAP partnership last month, Google enters into collaboration with Namely. Google’s Hire already allows users to post jobs simultaneously on multiple platforms like Indeed, Monster, etc. The new integration will allow its users to connect their HR with the applicant tracking system.
According to a Bloomberg report, Lending Corp, the online-lending pioneer, is cutting back on its amenities as well as the workforce. As a cost-saving measure, it will move 350 jobs to Utah. Earlier, their San Francisco based headquarters offered lavish perks to attract and retain workers. These included snacks, mini-golf, a Foosball table, and an in-house spa.
A recent study conducted by Anglia Ruskin University revealed that a 28-year-old white man is three times more likely to secure a job interview than a 50-year-old black woman. He is also twice more likely to get a job than a 50-year-old white man. The research confirmed pay-based ageism exists in the UK.
Stanley Black & Decker, in a news release, announced that it will open a skilling facility in Connecticut. The facility will be a part of the company’s “smart factory” initiative. The move is aimed to upskill workers of the company for "digital-led manufacturing environment”, the release said.
Amazon Inc., a proponent of technology, dismissed the idea of running a fully automated warehouse. It cited the superior cognitive ability of humans and the limitations of current technology as reasons for this resolution. Amazon, reportedly, has been under fire from labor groups for poor working conditions in its warehouses. It has 110 warehouses in the U.S.
On Wednesday, workers at Google staged a sit-in to protest against retaliation suffered by activists. Workers at Facebook Inc. too went on a protest against the same. Over the last year, Google and other large tech companies have witnessed several protests against sexual harassment and other prevalent workforce discriminatory practices.
Speakap, a communication platform, said in its survey that only 40% of employees reported a positive culture in their workplace. Respect and fairness, trust and integrity and teamwork were rated as the most important attributes of a strong culture. A study from Eagle Hill Consulting outlined that 77% of workers agree that a positive culture helps them perform their best work.
Principal for a Day is probably the oldest job shadowing technique that school students know about. Companies too are using job shadowing to expand their talent pool. Giving young employees the opportunity to get a sneak-peak of their leaders’ day-to-day life can immensely increase their skill set. Moreover, companies will have a pipeline of prospective employees. Job shadowing gives employees an opportunity to explore jobs in other departments.
On Tuesday, Argentine labor unions held a 24-hour strike against President Mauricio Macri. The protest was against the president’s fiscal austerity program which raised taxes and cut public utility subsidies. Government offices, schools, banks were affected, as the protest continued. The recent measures taken by the president have raised doubts over his re-election in the upcoming election in October.
Google, on Tuesday, announced that Eric Schmidt and Diane Greene will step down from the search company’s board. Both the leaders will leave in June, according to the announcement. In June itself, Robin Washington, the chief financial officer of Gilead Sciences Inc. will join the board. Google’s board has been in the news for quite some time now after it acknowledged mistakes in sexual misconduct handling.
On Monday, Amazon Inc. announced that it had leased office space and posted jobs for its upcoming headquarters in Arlington, Virginia. The new headquarters would create 400 jobs this year. In 2017, Amazon had announced to create up to 50,000 jobs at its second campus. Until fall, new hires will work out of temporary office space in Crystal City.
Cynet Systems, a Virginia-based tech recruiting firm, has issued an apology after one of its job listings was found to be racist. The job post sought an account manager who is “preferably Caucasian who has good technical background”. The listing was removed following an outcry from Twitter users. Earlier, another job listing from Cynet Systems was criticized for discriminatory practices.
HR teams are already using AI in the form of chatbots, augmented and virtual reality and machine learning. AI can speed the process and free up HR to work more closely on developing talent and growing workforces. It has the potential to change the way human resources operates.
Facebook recently announced its partnership with SAP and other HR tech companies to enhance its jobs feature. According to the announcement made by Facebook, this move will help businesses post and track applicants easily. In 2018, it had partnered with ADP and Paychex, both HCM (human capital management) system providers. The social media giant has been keen on expanding into talent management space.
PayScale, in its first quarterly report of the year, reported negative growth in real wages. According to the report, tech-dominated cities have seen an overall increase in wages. However, this increase is limited to a few cities. Wages in the manufacturing and transportation sectors didn’t show much growth. To compensate for low pay rates, employers are using other incentives to attract and retain talent.
Hong Kong’s banking sector is recruiting more people. According to a Bloomberg report, this increase is due to newly licensed virtual banks. Four ventures have obtained permits and have about 200 people, a number which may double by the time they start operating. Hong Kong, a financial hub, employs around 100, 000 people.
Thursday, The Shell Trade Union agreed to the new wage offer by Royal Dutch Shell. This marks the end of the ongoing wage dispute. The strike began on April 8th, 2019 and affected the production at Shell’s Pernis Oil Refinery and Moerdijk chemical plants. According to Piet Verburg, CNV union spokesman, this Friday the unions will advise employees to end their strikes.
An unidentified individual has filed a complaint against Google, accusing it of retaliating against an employee. According to the case summary submitted online, the filing accused Google of punishing employees for involvement in collective action related to working conditions. In the past few days, Google has been under a slew of legal actions from its employees, which started with Meredith Walker and Claire Stapleton organizing a mass walkout.
This website uses cookies to enhance website functionalities and improve your online experience. By browsing this website, you agree to the use of cookies as outlined in our privacy policy.