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☆ A national shortage of construction workers is driving high home prices. The industry is struggling to fill the gap.
▼ + stars: | 2024-05-01 | by ( Eliza Relman | Madison Hoff | ) www.businessinsider.com time to read: +8 min

Fewer construction workers means less — and slower — residential construction, which in turn leads to higher home prices, according to a 2023 report from researchers at the University of Utah and the University of Wisconsin-Madison. Builders and infrastructure projects are in desperate need of all kinds of construction workers, but especially skilled tradespeople. Simonson said that allowing more immigrants into the country to fill construction jobs is crucial. Making the industry more appealing to womenBoushey pointed out that the share of women in the overall construction industry has climbed. The construction industry is also at a disadvantage because most workers can't do manual labor until they retire.

Persons: —, Ken Simonson, Kit Dickinson, Dickinson, Ben Brubeck, Maja Rosenquist, Mortenson, we've, Simonson, Brubeck, Rosenquist, Joe Biden, Franklin D, Roosevelt, Heather Boushey, Biden, Boushey, she's Organizations: Service, Associated Builders and Contractors, Business, Associated, Contractors of America, University of Utah, University of Wisconsin - Madison, ADP, —, Builders, Infrastructure Investment, Jobs, Economic Advisers Locations: president's, America

☆ This simple job interview trick can help you get hired 'on the spot,' says 19-year recruiting pro—but most people skip it
▼ + stars: | 2024-02-23 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

In a job interview, your body language can make or break your chances of landing an offer. This means that, in a job interview, how you speak is just as important as what you say, says Bert Bean, CEO of the staffing firm Insight Global. Bean has interviewed hundreds of job applicants in his 19-year career as a recruiter-turned-CEO. Showing that you are energized and enthusiastic about a role is the top "green flag" hiring managers look for in a job interview, Shekhinah Bass, an executive at Goldman Sachs, told CNBC Make It in August. It's important to note, however, that body language isn't the only way to show your enthusiasm or engagement during a job interview.

Persons: Bert Bean, Bean, He's, it's, Shekhinah, Goldman Sachs, Bass Organizations: Research, Insight, CNBC

☆ Labor coalition accuses Starbucks of 'flawed' union strategy, risking shareholder value
▼ + stars: | 2024-02-20 | by ( Kate Rogers | ) www.cnbc.com time to read: +8 min

The coalition is pushing to replace three current Starbucks board members with its own nominees. The SOC proxy presentation claims the company's board has backed what it calls an "unnecessarily confrontational" strategy with the union. Starbucks said it has not only a new CEO, but with these additions, it has added five new board members in the past year. The proxy presentation targets three current Starbucks board members: Ritch Allison, Andy Campion and Jørgen Vig Knudstorp. Allison, Campion and Knudstorp, specifically, provide "continuity and highly-valuable unique perspectives," the Starbucks presentation said.

Persons: Baristas, Nielsen, Maria Echaveste, Joshua Gotbaum, Wilma Liebman, Daniel Servitje, Neal Mohan, Mike Sievert, Ritch Allison, Andy Campion, Jørgen Vig Knudstorp, Allison, Campion, Knudstorp, Wendy's, Narasimhan Organizations: Starbucks, CNBC, Organizing Center, U.S . Securities, Exchange Commission, National Labor Relations Board, NLRB, Starbucks Corporation, Siren Retail, Service Employees International Union, Starbucks Workers United, Communications Workers of America, United Farm Workers of America, Chipotle, Darden, Restaurant Brands, Yum Brands, White House, Hawaiian Airlines, White, Grupo Bimbo, YouTube, Mobile, SEC Locations: Buffalo, Arlington , Virginia, China, U.S

☆ This new fund helps investors get behind companies that treat workers well and have positive social tailwinds
▼ + stars: | 2024-02-01 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Asset manager Impax has debuted a new socially responsible investing strategy, allowing investors to support companies with a track record of employee satisfaction. "The market typically ignores culture," said Fairbanks, who worked in sustainable investing for more than a decade before joining Impax. This strategy has evolved into the Impax Global Social Leaders Fund (IGSLX) launched late last year. To rank companies, Impax found relevant data from third-party sources before diving into fundamental research. A look inside the fund There are some stocks in the fund that Fairbanks sees as particularly exemplary of the broader strategy.

Persons: Impax, Amber Fairbanks, Fairbanks, it's Organizations: Impax, Social Leaders Fund, It's, Harbor Capital Advisors, Fairbanks, Nvidia Locations: MSCI

☆ Deutsche Bank says these two cloud stocks are top picks for 2024, sees one rallying nearly 25%
▼ + stars: | 2024-01-19 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Technology stocks had a banner year in 2023, but Deutsche Bank thinks there could be even more upside ahead. Although these gains may seem hard to match, Deutsche Bank analyst Brad Zelnick and his team expect software stocks to outperform in the new year. In particular, the analyst listed buy-rated Salesforce and Oracle as his two top picks for 2024. Oracle stock has climbed 3.1% in 2024 , and shares popped 29% last year. ORCL YTD mountain ORCL YTD chart "We see the multiple recovering and the stock steadily making its way out of the penalty box in 2024," the analyst wrote.

Persons: Brad Zelnick, Zelnick, prem Organizations: Deutsche Bank, Software, Oracle Locations: Thursday's

☆ Oracle stock suffers steepest drop since 2002 on weak revenue guidance
▼ + stars: | 2023-09-12 | by ( Ari Levy | ) www.cnbc.com time to read: +2 min

Oracle shares plummeted 12% on Tuesday, their steepest drop in over two decades, after the software maker reported disappointing revenue and issued weaker-than-expected guidance. For the current quarter, Oracle said revenue will increase 5% to 7%, falling short of the 8% average analyst estimate. Revenue in Oracle's cloud services and license support segment rose 13% from a year earlier, topping StreetAccount's consensus of $9.44 billion. But sales in the cloud license and on-premises license segment fell 10% to $809 million, missing estimates. Even with Tuesday's stock drop, Oracle shares are up 34% year to date, beating the S&P 500, which is up 16%.

Persons: Larry Ellison, Ellison, Jeff Bezos, Warren Buffett, Stifel, Safra Catz, Catz, — CNBC's Jordan Novet Organizations: Oracle, Forbes, Amazon, Human Capital Management Software, Revenue

☆ Oracle comes up short on revenue but touts AI cloud contracts
▼ + stars: | 2023-09-11 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Larry Ellison, Oracle's chairman and technology chief, speaks at the Oracle OpenWorld conference in San Francisco on September 16, 2019. Here's how the company did:Earnings: $1.19 per share, adjusted, vs. $1.15 per share as expected by analysts, according to LSEG. Oracle's revenue grew 9% year over year in the fiscal first quarter that ended Aug. 31, according to a statement. "As of today, AI development companies have signed contracts to purchase more than $4 billion of capacity in Oracle's Gen2 Cloud. During the quarter, Oracle announced new database hardware, Micros point-of-sale workstations and artificial intelligence features in its Fusion Cloud Human Capital Management software.

Persons: Larry Ellison, LSEG, Safra, StreetAccount, Ellison, Elon Musk's, Jefferies, Brent Thill Organizations: Oracle, Cerner, Google, Microsoft, Human Capital Management Locations: San Francisco, LSEG

☆ Goldman Sachs exec reveals No. 1 productivity hack that saves her 'hours' in her day
▼ + stars: | 2023-09-04 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

Being an executive at one of Wall Street's most powerful firms — and a mother of five — requires patience, grit and impeccable time management. Shekhinah Bass started working at Goldman Sachs when she was just 22 years old, and says sharpening her time management skills has helped her be more productive and avoid burnout as she rose in the ranks at the firm. The 39-year-old is now Goldman Sachs' head of talent strategy within the firm's human capital management division. The longer Bass has worked at Goldman Sachs, the more she's realized that you can only achieve work-life balance "if you're deliberate and proactive about how you set boundaries," she says. There's one time management hack, in particular, that Bass swears by to maintain a strong work-life balance: timeboxing.

Persons: Shekhinah Bass, Goldman Sachs, Bass Organizations: CNBC

☆ It's important to be clear about the 'why' when mandating in-office work, says Medley's Edith Cooper
▼ + stars: | 2023-08-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's important to be clear about the 'why' when mandating in-office work, says Medley's Edith CooperEdith Cooper, Medley co-founder and former Goldman Sachs head of human capital management, joins 'Squawk Box' to discuss the future of work and mandating in-office work amidst a growing disconnect between remote workers and their companies, adapting to hybrid work and navigating the new normal, and more.

Persons: Edith Cooper Edith Cooper, Goldman Sachs

☆ Goldman Sachs exec: The No. 1 soft skill successful people use to get ahead at work—and how to develop it
▼ + stars: | 2023-08-16 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

Shekhinah Bass cut her teeth — and built her career — at one of the most competitive, powerful firms on Wall Street: Goldman Sachs. The most important soft skill that distinguishes high performers at Goldman Sachs, and propels people to successful careers on Wall Street at large, she's discovered, isn't creative dealmaking or a confident attitude — it's having a growth mindset. Coined by psychologist Carol Dweck, a growth mindset is when you see your abilities, talent and knowledge as skills you can continue to grow and improve upon. In the workplace, Bass says, you can measure your growth mindset based on how you respond to feedback from your manager and co-workers. "With a growth mindset, you will see those blind spots as things that are within your control to improve."

Persons: Shekhinah Bass, —, Goldman Sachs, she's, Carol Dweck, it's, Dweck, Bass, It's, Warren Buffett Organizations: Wall, CNBC

☆ I came out as trans while at Goldman Sachs. Here are 5 things I learned that can help make workplaces more welcoming for transgender people.
▼ + stars: | 2023-08-14 | by ( Maeve Duvally | ) www.businessinsider.com time to read: +7 min

Maeve DuVally worked in communications at Goldman Sachs when she came out to colleagues as transgender in 2019. To make your workplace more welcoming for transgender people, show kindness and don't be afraid to ask questions. I'm a frequent public speaker, and inevitably one of the questions I get asked is what can be done to make workplaces more welcoming for transgender people. When I came out in 2019 at Goldman Sachs, I was wildly excited, but I was also petrified. Armed with additional information, you might then ask more specifically and in a more educated way how you could help.

Persons: Maeve DuVally, Goldman Sachs, I'm, I've, —, It's, Human Capital Management — Organizations: Girl Scouts, Goldman's, Human Capital Management Locations: Greater New York

☆ Oracle adds generative AI to its human resources software
▼ + stars: | 2023-06-28 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

June 28 (Reuters) - Oracle Corp (ORCL.N) on Wednesday said it is adding generative artificial intelligence features to its human resources software for businesses, aiming to help draft job descriptions and employee performance goals, among other tasks. Many business users have approached generative AI technology more cautiously because it can make up untrue facts and be tricked into saying unsettling things. Oracle's human resources software is used by big businesses for hiring new employees and providing performance evaluations, among other things. "We don't expect generative AI is going to write your goals for you. If we can change that to hours and minutes, that's where we're really seeing the difference with the possibilities of generative AI," Waterman said.

Persons: Rich Buchheim, Buchheim, Guy Waterman, Waterman, Stephen Nellis, Lincoln Organizations: Oracle Corp, Microsoft Corp, Oracle, Oracle Adaptive Intelligence, Thomson Locations: San Francisco

☆ Goldman Sachs to pay $215 mln to settle gender discrimination lawsuit
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +1 min

May 8 (Reuters) - Goldman Sachs Group Inc (GS.N) has agreed to pay $215 million to settle a long-running class-action lawsuit that alleged widespread bias against women in both pay and promotions, a joint statement from the company and the plaintiffs said. The plaintiffs, former employees of the Wall Street bank, accused Goldman Sachs of systematically paying women less than men, and giving women weaker performance reviews that impeded their career growth. The settlement covers about 2,800 female associates and vice presidents employed in the investment banking, investment management and securities divisions of Goldman Sachs, according to the statement. We will continue to focus on our people, our clients, and our business,” said Jacqueline Arthur, Goldman Sachs' global head of human capital management. As part of the settlement, Goldman Sachs will also hire independent experts to conduct additional analysis on performance evaluation and gender pay gaps, the statement added.

☆ Goldman Sachs to pay $215 million to settle discrimination claims from female employees
▼ + stars: | 2023-05-09 | by ( ) edition.cnn.com time to read: +1 min

Goldman Sachs has agreed to pay $215 million to settle a long-running class-action lawsuit that alleged widespread bias against women in both pay and promotions, a joint statement from the company and the plaintiffs said. The plaintiffs, former employees of the Wall Street bank, accused Goldman Sachs (GS) of systematically paying women less than men, and giving women weaker performance reviews that impeded their career growth. The settlement covers about 2,800 female associates and vice presidents employed in the investment banking, investment management and securities divisions of Goldman Sachs, according to the statement. We will continue to focus on our people, our clients, and our business,” said Jacqueline Arthur, Goldman Sachs’ global head of human capital management. As part of the settlement, Goldman Sachs will also hire independent experts to conduct additional analysis on performance evaluation and gender pay gaps, the statement added.

☆ Future-Proofing the Board of Directors
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +29 min

Governance structures and practices should position the board to provide objective judgment and active oversight supported by board leadership, which is separate from and independent of company management. The board should design governance structures and practices that support it in determining board priorities, agendas, and information needs. The board should create governance structures and practices that ensure that directors are competent, committed, and diverse and that board and committee composition align with the company’s changing needs. Developing and supporting a positive and ethical corporate culture (see Corporate and Board Culture below). Corporate and Board CultureA strong board and corporate culture is imperative for a company’s success.

☆ Amazon employees on performance-improvement plans have a little-known Slack channel. Leaked messages reveal anguish, despair, but also community.
▼ + stars: | 2023-04-28 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +11 min

There's a word-of-mouth Slack channel used by Amazon employees on its performance-improvement plan. Most employees post anonymously; one former worker likened it to a virtual support group. The Slack channel, #focus-and-pivot-info, is not highly publicized, according to interviews with eight current and former Amazon employees, five of whom are or were members of the channel. Most employees post anonymously, making their comments difficult to verify or investigate further. On Slack, a sense of community — but also stressThe Slack channel does not appear to be public knowledge within the company.

As earnings season continues, Wall Street analysts are raising their outlook for certain names set to report earnings next week. Against this backdrop, CNBC Pro used FactSet data to screen for companies reporting next week that analysts have been getting more bullish on. Overall, analyst earnings estimates for Incyte are up 48% over the past three months and nearly 13% over the past six months. On average, analysts have hiked their earnings per share estimates on the company by 46% over the past six months and 27% in the past three months. The cloud software company's earnings estimates have gone up 32% over the past six months.

☆ These are the tech jobs most threatened by ChatGPT and A.I.
▼ + stars: | 2023-04-15 | by ( Mikaela Cohen | ) www.cnbc.com time to read: +7 min

A recent Goldman Sachs report found 300 million jobs around the world stand to be impacted by AI and automation. Just like similar trends in history, creative jobs will be in demand after the widespread inclusion of generative AI and other AI tech in the workplace. But even though these jobs will still exist, their tasks and responsibilities could likely be diminished by GPT and generative AI. But other forms of generative AI can go further, reconstructing different outcomes based on patterns and learnings, and almost mirroring a human brain, he said. In this broader set of tasks, generative AI can mimic what an engineer would do through the development cycle.

☆ Wall Street lines up against SEC chair Gary Gensler on one of his most controversial proposals
▼ + stars: | 2023-03-31 | by ( Bob Pisani | ) www.cnbc.com time to read: +15 min

However, Gensler has claimed that pension funds and other institutional investors are not able to interact with that retail order flow. Auctions: the industry lines up against it The auction proposal has generated a large volume of comment letters to the SEC. He has said investors today need a better understanding of how well their trading orders are being executed. Theoretically, the SEC could vote on any or all of the four proposals in a shorter time period. This is just the start This is just the start of many proposals in front of the SEC.

☆ Majority of global asset managers still not investing responsibly, ShareAction says
▼ + stars: | 2023-02-26 | by ( Industry Insight | Reuters Professional | Energy Crisis Spurs Drive To Address 'Blind Spot' Of Leaky Buildings | ) www.reuters.com time to read: +2 min

LONDON, Feb 26 (Reuters) - Global asset managers controlling trillions of dollars are failing to invest in a way that will protect climate, biodiversity and people, despite efforts by the industry to promote its sustainable finance credentials, the corporate responsibility group ShareAction said on Sunday. Yet, two-thirds of 77 asset managers surveyed, which control $60 trillion of assets, had "serious gaps in their responsible investment policies and practices," the group found based on an analysis of their policies. "As managers of tens of trillions of dollars ... their decisions have a vast impact all over the world. ShareAction assessed managers on several hundred indicators, including their holdings of fossil fuel investments; whether they have set shorter-term emissions reductions targets and how they integrate biodiversity policies into decision-making. ShareAction also found the portion of managers performing significantly worse than their peers has fallen from 51% in 2020 to 35% in 2023.

☆ Majority of global asset managers still not investing responsibly - ShareAction
▼ + stars: | 2023-02-26 | by ( Industry Insight | Reuters Professional | Energy Crisis Spurs Drive To Address 'Blind Spot' Of Leaky Buildings | ) www.reuters.com time to read: +2 min

"We will now vote against board members if a company has experienced material failures in the oversight, management or disclosure of climate risk," the fund said in its annual report on responsible investments, published on Thursday. The fund has long engaged on climate change with the companies it invests in. In 2022, the fund discussed climate change at 810 meetings it held with companies that represent 33% of the value of the fund's equity portfolio. One of them was oil major Shell (SHEL.L), with whom the fund discussed the company's energy transition plan and climate change, it said. Climate change was the second-most important issue discussed by the fund with companies after "human capital management", or how companies invests in their workers.

☆ Here are Monday's biggest analyst calls: Amazon, Nio, Disney, Carvana, Coinbase, Costco & more
▼ + stars: | 2022-11-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

JPMorgan reiterates Amazon as top idea JPMorgan said the e-commerce giant is well positioned heading into the holiday season. " Morgan Stanley initiates Las Vegas Sands as overweight and names DraftKings as a top pick Morgan Stanley said in its initiation of Las Vegas Sands that it sees an attractive risk/reward. Morgan Stanley downgrades MongoDB to equal weight from overweight Morgan Stanley said in its downgrade of the database platform company that it's concerned about slowing growth for MongoDB. JPMorgan reiterates Charles Schwab as overweight JPMorgan said Charles Schwab is well positioned as one of the biggest "distributors of third-party mutual funds." Morgan Stanley upgrades Restaurant Brands to equal weight from underweight Morgan Stanley said it likes that the owner of brands such as Burger King appointed the former Domino's CEO as executive chairman.

☆ Bank of America's CHRO Sheri Bronstein shares how she led a crisis response for the bank's 200,000 employees
▼ + stars: | 2021-04-22 | by ( Aman Kidwai | ) www.businessinsider.com time to read: +4 min

The bank retrained over 20,000 employees for new roles while 85% of the company worked remotely. CHRO Sheri Bronstein shared her approach during this time and what she learned from the experience. "2020 led to more discussions and immediate actions among myself and fellow C-suite executives than ever before," Bronstein told Insider. Bronstein was named one of Insider's 2021 HR Innovators for how her 2,600-person team supported workers over the past year. Its $6 million relief fund provided grants to those with emergency financial hardships and regular coronavirus PCR tests were offered to employees working in offices or retail branch locations.

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