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San Francisco Chronicle (March 24)

2021/ 03/ 24 by jd in Global News

“Remote work is here to stay. Post-pandemic, many companies will let employees work remotely some or all of the time.” To support them, “a new executive position is emerging: The head of remote. That person spearheads keeping remote workers engaged, encouraging them to collaborate, while designing perks and flexibility tailored to their needs. Another goal: replicate the spontaneous connections that happen at in-person offices—in other words, create a virtual water cooler.”

 

Orange County Register (December 2)

2020/ 12/ 03 by jd in Global News

“Disney will lay off more than 11,500 Disneyland and Disney California Adventure employees as the company continues to struggle with the effects of the coronavirus pandemic and the eight-month closure of its Anaheim theme parks.” Even with the approaching vaccine, “the 11,572 Disneyland layoffs add to a grim and growing tally that last stood at 10,000 terminations.”

 

Reuters (February 18)

2020/ 02/ 20 by jd in Global News

“The aversion to allowing work from home is unwelcome news for the government, which wants companies to let their employees telecommute during the Olympics to make travel easier for Games participants and spectators on Tokyo’s notoriously packed trains and roadways.”

 

Financial Times (February 14)

2020/ 02/ 16 by jd in Global News

The Climate Leadership Council relaunched a carbon tax initiative “with support from ten energy companies (including BP), JPMorgan, Goldman Sachs and MetLife. “If nothing else, this shows the pressure that Wall Street leaders feel on the issue from investors and their own employees.” It could also mark an important shift where “the concept might gain traction with Republicans.”

 

New York Times (December 12)

2019/ 12/ 13 by jd in Global News

“If there is one singular issue that defines the intersection of business and policy at this moment, it is a deepening trust deficit…. Businesspeople and policy leaders are scrambling for new ways to engender trust with constituents, including shareholders, employees and regulators. Some are trying to be more transparent. Others are diving into political and social issues that used to be verboten. Perhaps more than anything, they’re speaking publicly more about their thinking.”

 

The Economist (May 11)

2019/ 05/ 12 by jd in Global News

Companies are really bad at hiring. “Only a third of American companies check whether their recruitment process produces good employees” and obvious flaws in hiring practices are rampant. “Everyone should worry that companies are less rigorous about evaluating the performance of their staff than about the quality of the raw materials they put in their products.” This helps to explain why productivity has been so sluggish.

 

New York Times (July 29)

2018/ 07/ 31 by jd in Global News

“While Japan famously brought the world the concept of ‘death from overwork,’ South Koreans work longer hours, according to labor data. In fact, they put in 240 more work hours per year than Americans do — or, put another way, an extra month of eight-hour workdays.” South Korea is now trying to break free of this convention with a new law mandating 52-hour workweek caps for a large number of employees.

 

Chicago Tribune (July 19)

2018/ 07/ 21 by jd in Global News

 “A cubicle-free workplace without private offices is supposed to force employees to collaborate. To have them talk more face-to-face. To get them off instant messenger and spontaneously brainstroming about new ideas.” It’s not happening. A recent study found that after a move “to open-plan offices, workers spent 73 percent less time in face-to-face interactions. Meanwhile, email rose 67 percent and IM use went up 75 percent.”

 

Inc. (June Issue)

2018/ 06/ 03 by jd in Global News

It’s 2018, “unemployment is at a 17-year low, and every company is competing over the same hot employees.”

 

Bloomberg (April 13)

2018/ 04/ 15 by jd in Global News

A “$105 billion ‘ghost stock’ blunder” created market upheaval in Korea. An error at the South Korean brokerage Samsung Securities Co. gave employees 1,000 Samsung Securities shares each instead of 1,000 won (less than $1). “In total, the company distributed 2.83 billion shares, worth—on paper—about 112.6 trillion won. That was more than 30 times the company’s market value.” As employees sold the ghost shares, the stock price “plunged” 12% and “many retail investors got burned.”

 

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