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Investment Week (September 12)

2023/ 09/ 14 by jd in Global News

“Annual growth in employees’ average total pay, including bonuses, was 8.5%; which was boosted by the NHS and Civil Service one-off payments made in June and July. Due to the strong momentum in wage growth, the Bank of England is expected to push ahead with a 25 basis point interest rate rise at its Monetary Policy Committee meeting later this month.”

 

Bloomberg (July 12)

2023/ 07/ 14 by jd in Global News

Itochu’s unconventional “tough love worked.” A decade after banning overtime after 8:00 PM, profit per employee has increased fivefold. “What also changed, to the surprise of Itochu’s management, is that more female employees took maternity leave, had kids and came back to work.” This raises the question, “could similar changes help East Asia’s flagging birthrate?”

 

Institutional Investor (March 29)

2023/ 03/ 31 by jd in Global News

“Personal coaches to private-equity executives report that their clients are increasingly worried about their impact on their employees, business, and even the world.” While fundraising dominates their concerns amid recent market uncertainty, “executives are also thinking hard about other broad changes in their industry. Investment committees, limited partners, and employees increasingly expect firms — and their portfolio companies — to be more diverse, inclusive, and generally better places to work than in the past.”

 

Seattle Times (August 4)

2021/ 08/ 05 by jd in Global News

“In a sign of growing momentum for vaccine mandates, Microsoft has reversed course and will now require employees to be fully vaccinated to enter the company’s U.S. offices and other worksites.” The revised policy “follows similar moves last week by other employers including tech rivals Google and Facebook, along with Disney and Walmart.”

 

Boston Globe (July 14)

2021/ 07/ 15 by jd in Global News

“The Boston-Cambridge economy may never be the same after the COVID-19 pandemic.” Throughout the region, a “long-term acceptance of remote work and changes in commuting and travel habits” are expected to continue. As employees spend less time in the office, “demand for office space could drop by up to 20 percent, and commuter rail usage could fall between 15 and 50 percent from pre-pandemic levels.”

 

Financial Times (June 22)

2021/ 06/ 22 by jd in Global News

Wall Street banks “have been at the forefront of the push to convince workers to return to the office.” In the strictest vaccination policy yet, “Morgan Stanley employees and clients who have not received their Covid-19 vaccine will be barred from entering the bank’s New York offices.”

 

Fortune (June 13)

2021/ 06/ 15 by jd in Global News

“Before the pandemic, Japan’s workforce faced longstanding problems, like chronic overwork, low productivity, and too few women. Letting employees work from home may have helped ease all three, in addition to preventing the spread of COVID. But Japan’s failure to more fully adapt means it will likely miss out on the carry-on benefits of remote work that some corporations elsewhere are warming to.”

 

Boston Globe (April 27)

2021/ 04/ 27 by jd in Global News

“A grand experiment is about to take place in office buildings across Greater Boston, as many businesses begin reopening their offices to employees with newfound expectations around working from home.” The results are unknown, “but a significant majority of office employers are poised to move away from mandating the five-day, in-person workweek.”

 

Investment Week (April 9)

2021/ 04/ 11 by jd in Global News

“JP Morgan chairman and chief executive Jamie Dimon claimed Brexit ‘cannot possibly be a positive’ for the UK in the short term as he warned that the investment bank may one day move all European business out of London.” The bank’s 19,000 UK employees include 12,000 in London.

 

Atlanta Journal Constitution (March 25)

2021/ 03/ 25 by jd in Global News

“Far more workers are becoming eligible for vaccines now. Gov. Brian Kemp announced Tuesday that all Georgians over the age of 16 will qualify for access starting today. An array of Georgia-based companies…said they are strongly encouraging employees to get shots that could curb the pandemic, protect the public and help open workplaces more quickly.”

 

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