TWITTER UNDER FIRE FOR HARASSMENT AND ABUSE
Twitter has been under fire for widespread abuse and misinformation on its service, reports Fortune. The company has taken aggressive steps to counter this problem. It says it has tripled the number of workers who monitor the site to 1,500 and is using technology to detect and remove objectionable tweets. Despite reassurances from company executives, the problem has persisted.
YUM BRANDS INC. APPOINTS DAVID GIBBS AS ITS NEXT CEO
On Monday, Yum Brands Inc. named David Gibbs as its next chief executive officer. Gibbs follows Greg Creed, who will retire at the end of the year. Gibbs has been with the company since 1989. He has held several senior roles including the chief financial officer, and chief operating officer. Creed will continue to advise the company as a part-time adviser.
TOURISM WORKERS ARE THE LOWEST PAID
A study conducted by Florida State University says tourism employees are the lowest paid among all workers. Tourism in Florida contributes USD86 billion to the economy and supports 1.5 million jobs. The average weekly wage was USD311 for leisure and hospitality workers, the study further found. High turnover and low wage are common in the hospitality industry.
COMPANIES CAP PAY INCREASE
A report from Willis Tower Watson and global insurance broker Gallagher say employers plan to keep wage increase at or below 3 percent and offer additional personalized benefits, bonuses, and other variable compensation. Companies are looking for ways to attract and retain talent. Healthcare costs are the main reason behind this decision.
3800 TYSON FOODS WORKERS OUT OF JOB
3,800 workers at a Tyson Foods Inc. meat-processing plant in Kansas will be out of work following a fire which erupted on Friday, Reuters reported. The meat processing plant would remain closed indefinitely, Worth Sparkman, spokesman for Tyson Foods said. The company will provide workers "some guaranteed pay". All workers were safely evacuated around 8:30 p.m. on Friday.
UBER FREEZES HIRING ACROSS THE U.S AND CANADA
Uber has put a pause on hiring software engineers and product managers, Bloomberg reported. Earlier this week, the company had reported losses amounting to USD5.24 billion. The stock is down 11 percent from its May initial public offering. The company will continue hiring engineers and other professionals across the world, Uber spokesman said.
U.S EMPLOYEES CAN USE FMLA LEAVE TO ATTEND CSE MEETING
U.S. workers may use Family and Medical Leave Act (FMLA) leave to attend a Committee on Special Education (CSE) meeting to ensure their child's educational status, the U.S Department of Labor Wage and Hour Division (WHD) said in a statement. The decision was taken after an individual's letter to WHD notifying them that his wife's employer dis-allowed her from doing so.
CHINESE STUDENT WORK OVERNIGHT TO MAKE ALEXA DEVICES
Hundreds of Chinese schoolchildren, aged from 16 to 18, have been drafted in to make Alexa devices, the Guardian reported. Interviews with workers and leaked documents from Amazon's supplier Foxconn revealed many children are required to work overnight. Reportedly, this is 'breach of Chinese labor laws'. Children are classified as 'interns' and their teachers are paid to accompany them to the factory.
UBS MULLS OVERHAUL: MANY JOBS AT RISK
UBS leaders, Piero Novelli, and Rob Karofsky are planning to reshuffle leadership of its investment bank in the wake of volatile results last year, Bloomberg reported. The final decision is yet to be taken. UBS is trying to boost collaboration between dealmakers and its wealth management unit. A few deals including the spinoff of contact lens maker from Novartis AG boosted returns.
GOOGLE'S EMPLOYEE ALLEGES RETALIATION IN A VIRAL MEMO
A 2,300-words Google's employee memo alleging retaliation from her manager has gone viral. In the memo, the employee accused her manager of continued retaliation against her, despite assurance from an HR. Reportedly, the employee complained about her manager's discrimination against pregnant women. In the past few months, Google has come under fire for discrimination from its employees.
U.S. EMPLOYERS ARE CONSIDERING REPAYING STUDENT DEBT
A Survey from Willis Towers Watson found that 32 percent of firms are considering to introduce student debt repayment benefit. Another survey from SHRM says in 2019, 8 percent of the U.S. employers offered a similar benefit. Student loans reached $1.6 trillion in the first quarter in 2019. Of which, more than a quarter is held by people younger than 30 years of age.
WALMART WORKERS STAGE WALKOUT
On Wednesday, in the wake of deadly shootings at two Walmart stores, nearly 40 Walmart employees walked out to protest the company's gun policies. The protesters demand that the company stops selling guns and discontinue donations to politicians who receive funding from the National Rifle Association. Walmart sells guns at half of its stores.
Read more at Washington Post
MANAGERS DON'T FOLLOW-UP ON PERFORMANCE CHECK
33 percent of managers don't follow up on performance checks, a survey from Appraised says. Other than making performance evaluations futile, this devalues workers' time, the survey report further added. Appraised founder Roly Walter said, "Just taking five or ten minutes to prepare for check-in and the same amount of time afterward to note and share the action points, makes these regular meetings far more valuable, measurable and productive for all concerned".
VICTORIA'S SECRET CMO RESIGNS
Ed Razek, Chief Marketing Officer of Victoria's Secret resigned, reportedly after the company hired its first transsexual model. Last year, Razek had expressed his unwillingness to hire transsexual models because victoria's secret show was a fantasy show. The company's decision to hire the 22-year-old Brazilian transsexual model, Valentina Sampaio, has been criticized. The news of Razek's resignation came from Leslie Wexner.
ORGANIZATIONS PROMOTE COMMUNITIES OF PRACTICE FOR SKILL EDUCATION
Communities of practice (CoPs) can allow organizations to increase the skill sets of whole employee groups remotely or in person. This can help continuously improve employees' skills. Joe Miller, VP of learning design and strategy, says, "we don't learn in a silo, a lot of engagement and bouncing ideas off each other is how learning happens in the workplace".
HSBC GLOBAL ASSET MANAGEMENT APPOINTS NICOLAS MOREAU AS NEW CEO
On Tuesday, HSBC Global Asset Management announced that Nicolas Moreau will be its new chief executive. Moreau will join the company in September. The new incumbent is a former head of AXA France and Deutsche Bank's DWS unit. Moreau will replace Sri Chandrasekharan, who will move into another senior role within HSBC. Earlier, John Flint was ousted as CEO after just 18 months.
GREGORY BLATT SUED FOR SEXUAL ASSAULT
Rosette Pambakian has sued Gregory Blatt, CEO Tinder, for sexually assaulting her. The ex-marketing vice-president of Tinder, Rosette Pambakian, claims she was fired from her job after complaining about the assault. Pambakian claims, the CEO, made a lewd overture to her at a company party and later groped and kissed her without consent. An investigation had concluded the behavior as consensual cuddling.
MAJORITY OF CANDIDATES UNABLE TO NEGOTIATE SALARY
A recent survey from Monster says that the majority of candidates were unable to negotiate their salary. Among more than 2000 surveyed respondents, 67 percent said they were unable to negotiate for their salary and vacation time. Further, only in 41.5 percent of cases, the companies disclosed their pay packages. 15.3 percent of respondents received salary offer less than requested.
TWO- THIRD AMERICAN FAVOR RAISING MINIMUM WAGE
A new poll conducted by Pew Research Center revealed two-third Americans favor raising the federal minimum wage to $15 an hour. 41 percent of Americans strongly support this measure. Further, the poll revealed that most women, men, black, Hispanic and white people support raising the federal minimum wage. Eighty-six percent of Democrats and democratic-leaning independents support the cause.
CHOICE OF WORDS DETER QUALIFIED JOB APPLICANTS
Certain words in job ads and during hiring can deter qualified candidates, LinkedIn advised in its latest Language Matters report. Using the word "aggressive "in a job ad to describe a candidate discourages 44 percent of women and 33 percent of men from applying. Further, using the word "demanding" to describe a work environment discourages one in four women.