DIRS.INFO The most relevant business & tech news

"If you focus only on investments, you're going to drive yourself as crazy as the markets are." 'Don't get so wrapped up in the markets'Your broader portfolio consists of all of your assets, said Braxton. In addition to what's invested in the market, those assets might include cash savings, real estate and your human capital. Keep your home and human capital in mind when you strategize your financial plan, she said. Invest in your human capital by refining your skills to preserve your main source of income, especially in economic downturns.

Persons: Lazetta Rainey Braxton, Braxton, what's Organizations: CNBC's, Investors, Invest

☆ Legacy College Admissions Don’t Determine Rich Kids’ Success - The New York Times
▼ + stars: | 2023-07-07 | by ( Shamus Khan | ) www.nytimes.com time to read: +2 min

We might assume that legacy admissions help privileged students at the expense of underprivileged ones. But I would wager that legacy students, if eliminated, are far more likely to be replaced by other kinds of privileged students than by underprivileged ones. Colleges and universities that are serious about fairness should eliminate all preferences — not just legacy ones — that advantage the privileged. But if elite schools delivered special intellectual growth and professional training — what social scientists call human capital — privileged students would benefit greatly from them. Instead, other forms of capital play a bigger role: symbolic capital (the value of being associated with prestigious institutions), social capital (the value of your network) and cultural capital (the value of exposure to high-status practices and mores).

☆ Deutsche Bank human resources head Ilgner to leave bank
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT, June 30 (Reuters) - Deutsche Bank's (DBKGn.DE) head of human resources, Michael Ilgner, has decided to leave the bank, Deutsche Bank announced on Friday, the latest in a spate of management changes. It was not immediately clear whether Ilgner's decision to leave was related to the investigation. A Deutsche Bank spokesperson declined to comment on the status of the probe. Deutsche Bank Chief Executive Officer Christian Sewing praised Ilgner as an "important partner" to the management board. Deutsche Bank in recent months has announced a number of board changes, the biggest management reshuffle since 2019.

Persons: Michael Ilgner, Ilgner, Michael, Tom Sims, Victoria Waldersee, Sandra Maler Organizations: Deutsche, Deutsche Bank, Thomson Locations: FRANKFURT

☆ 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

☆ EU aspirant Montenegro must adjust its growth strategy, says World Bank
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +2 min

SARAJEVO, June 26 (Reuters) - Unless EU aspirant Montenegro adopts a new economic growth strategy that would boost productivity and human capital, its incomes will not converge with average EU levels in the next 40 years, the World Bank warned on Tuesday. The bank said that stagnant productivity growth was caused by market inefficiencies in the service sector which represents over 70% of GDP, and that Montenegro needed to remove regulatory barriers for firms to enter markets and grow. Most companies lack innovation and invest little in green technology which is needed to sustain tourism growth and develop Montenegro's comparative advantage in clean energy. In addition, Montenegro must tackle its income inequality which shrinks the pool of future skilled workers and entrepreneurs and limits its labour productivity growth potential, the bank said. "By implementing these reforms, Montenegro can expect a thriving private sector, significant job opportunities and ultimately improved wages and benefits for all its citizens," said Christopher Sheldon, World Bank Country Manager for Bosnia and Montenegro.

Persons: Christopher Sheldon, Daria Sito, Christina Fincher Organizations: World Bank, European Union, Thomson Locations: SARAJEVO, Montenegro, Bosnia

☆ Instead of dragging workers back to the office, CEOs can get more out of employees with innovations like AI and the 4-day workweek
▼ + stars: | 2023-06-12 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

More CEOs are stepping up their efforts to get workers back in the office, at least part time. CEOs might instead focus on AI and the four-day workweek to boost engagement. That's the thrust of why more CEOs are calling workers back to the office several days a week. So clocking badge swipes at the office seems likely to jeopardize the very thing that helped a record share of workers report being satisfied. Lyon said AI can help workers enjoy higher productivity and increased engagement, in part by weeding out some of the boring stuff.

Persons: —, It's, apoplectic —, Felicia Lyon, they'd, Lyon Organizations: Workers, Service, Amazon, Farmers Group, KPMG, Conference Board

☆ One of the government's biggest initiatives to make it easier to take out student loans for grad school backfired and made tuition more expensive
▼ + stars: | 2023-06-09 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

Graduate student debt now accounts for 47% of new student loans, according to the Congressional Budget Office. Federal graduate student loans have no effective cap unlike undergraduate loans, which are capped at $57,500 in Federal Student Aid. This has been the case since 2006, when federal graduate student loans were capped at $18,500. The average student debt for a master's degree for the 1999-2000 school year came in at $36,600, compared with $55,540 in 2016. The bipartisan debt-ceiling deal mandates student loan payments must resume by Aug. 30.

Persons: Biden's, —, Sandra Black, Lesley Turner, Jeffrey Dunning, Joe Biden's, Donald Trump, Trump, Biden Organizations: Street, Service, Research, Grad PLUS, Universities, Congressional, Federal, Federal Student Aid, Congress, CBO, Grad, Biden, Secretary, Republican, Street Journal, White, Politico, Department Locations: Texas

☆ Companies are worried about a recession, but they’re hanging on to employees anyway
▼ + stars: | 2023-06-08 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

Minneapolis CNN —US companies wary about their economic prospects are battening down the hatches. Recent job market data shows more and more businesses have taken to “labor hoarding” and maintaining headcounts even as demand softens. Employees work at CannaCraft's March and Ash retail cannabis store in San Diego's Mission Valley neighborhood. Grey Duck’s sales picture will become clearer in the next three months, Bossen said. “We’re going to do whatever it takes to keep that staff employed and productive, even if things slow down,” he said.

Persons: ”, Dana Peterson, ” Peterson, it’s, Ash, Tiffany Devitt, CannaCraft, Ash CannaCraft, “, Devitt, Stephen Juneau, they’re, Matt Bigelow, Gusset Jean, Bigelow, ‘ Waddle, Rob Bossen, Grey, Eli Nord, Bossen, “ We’re, waddle Organizations: Minneapolis CNN, Conference Board, Conference, Business, CNN, Golden State, of Labor Statistics, Bank of America, Labor, Bureau of Labor Statistics, USA Brands, Gusset Jean Co, Vermont, Company Locations: Minneapolis, ”, headcount, California, Golden, Diego's, CannaCraft, Sonoma County, Juneau, Vermont, Johnson , Vermont, Roseville , Minnesota, China, Roseville

☆ World Bank's new chief asks staff to 'double down' on development, climate efforts
▼ + stars: | 2023-06-02 | by ( David Lawder | ) www.reuters.com time to read: +4 min

[1/2] World Bank President Ajay Banga arrives for his first day of work at World Bank headquarters in Washington, U.S. June 2, 2023. REUTERS/Jonathan ErnstWASHINGTON, June 2 (Reuters) - The World Bank's new president Ajay Banga on Friday asked the lender's 16,000 staff to "double down" on development and climate efforts as he seeks to accelerate the bank's evolution to tackle the most pressing global problems. The World Bank Group is being asked to lead the way, to double down on development and climate efforts and to deliver even more impact and results," he said. He added this would require "all shoulders to the wheel," and all of the World Bank's divisions working together to deliver solutions needed by the world. Banga, 63, was elected to a five-year term as World Bank president by the lender's board of governors in May.

Persons: Ajay Banga, Jonathan Ernst WASHINGTON, Banga, Janet Yellen, Yellen, Joe Biden, David Malpass, Kevin Gallagher, There's, David Lawder, David Holmes, Hugh Lawson Organizations: World Bank, REUTERS, Friday, Mastercard, Reuters, Thursday, U.S, Treasury, Boston, Global, Policy, Thomson Locations: Washington , U.S, Banga, Paris

☆ What comes next for ESG funds after the political backlash
▼ + stars: | 2023-05-29 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +6 min

Surging energy stocks in 2022 hurt the performance of many of the largest funds, and political backlash has gained traction with several states moving to block state funds from being invested in ESG products. According to AllianceBernstein, there were $12.1 billion of outflows from ESG funds in North America during the first quarter, although that was due to large outflows from a handful of funds. "This was primarily driven by redemptions from a few large passive ESG funds (e.g., iShares ESG Aware MSCI USA ETF ) due to underlying investors rebalancing their factor exposure. Clearly the political backlash against ESG also weighed on sentiment and demand for ESG products in North America," AllianceBernstein's Zhihan Ma said in an early May note to clients. There were $2.7 billion of inflows into ESG funds in Western Europe during the first quarter, according to Bernstein.

☆ Sting: AI songs are 'going to be a battle we all have to fight'
▼ + stars: | 2023-05-18 | by ( Amarachi Orie | ) edition.cnn.com time to read: +2 min

“That’s going to be a battle we all have to fight in the next couple of years: Defending our human capital against AI,” he added. Contentious debate over AI songs has arisen in the music industry over the last few months, with several high-profile figures being affected by the growth in the technology’s popularity. I imagine I will feel the same way about AI making music,” said Sting. But for songs, you know, expressing emotions, I don’t think I will be moved by it,” he added. Universal Music Group, which represents Sting, likened AI music to “fraud” in an urgent letter sent to music streaming platforms, such as Spotify and Apple Music, in April.

☆ Inside the hedge-fund talent war: How elite funds are battling for star portfolio managers
▼ + stars: | 2023-05-16 | by ( John Pierson | ) www.businessinsider.com time to read: +7 min

The largest hedge funds are using their high fees to attract and retain new talent. The competition for investment talent is escalating, and finding top portfolio managers is no longer a contact sport — it's an all-out war. The types of senior portfolio managers in high demand are those who command attention and have uncommon idea flows. What makes portfolio managers moveMost portfolio managers aren't driven by compensation; they've typically made out well financially. John Pierson is the founder and CEO of P2 Investments, a New York-based talent-acquisition firm that specializes in recruiting hedge-fund portfolio managers.

☆ Chipotle, Papa John's link ESG goals to bonus compensation, and pay practice is moving below the C-suite level
▼ + stars: | 2023-05-14 | by ( Ian Thomas | ) www.cnbc.com time to read: +9 min

Companies are increasingly linking ESG metrics to executive compensation packages. That percentage of Russell 1000 companies linking ESG goals to compensation has quickly grown in recent years, from 14% in 2020 to 18% in 2021 to 28% in 2022. In 2021, Mastercard changed its executive compensation model for its most senior executives, EVPs and above, to link their bonus structure to goals set around carbon neutrality, financial inclusion and gender pay parity. Papa John's took a similar step last year, introducing an ESG bonus incentive for eligible employees and executives for goals around enhancing diversity, equity and inclusion, environmental impact, and its broader mission around cleaner and better ingredients. "For example, if there is an ESG goal around emissions, does a director of finance have any direct oversight or responsibility for how that is achieved?"

☆ 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.

So how did India’s population get so big, and how long will it last? The rise in population despite a drop in the fertility rate can be explained by “demographic momentum.”“When the fertility rate drops, the population continues to grow for several decades. So, even with a replacement or sub-replacement fertility rate, India’s population will continue to grow slowly because of the considerable number of women entering their reproductive years. India’s population growth is slowing downIndia may have overtaken China in total population, but UN data also shows that its growth rate has slowed. Uttar Pradesh, for instance, is home to 17% of India’s population but has only 9% of its industrial jobs.

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.

By 2027, the IMF expects Russia's economic output to be 7% lower than forecasts made before Moscow sent tens of thousands of troops into Ukraine on Feb. 24, 2022, had suggested. "An exodus of multinationals, loss in human capital, isolation from global financial markets, and impaired access to advanced technology goods and know-how will hamper the Russian economy," an IMF spokesperson said. "A sharp worsening in the terms of trade could lead to a significant decline in both the current account surplus and in fiscal revenues," the IMF spokesperson said. Russia says its 2023 deficit will not exceed 2% of gross domestic product (GDP), but many analysts think it will surpass that level. The current account surplus shrank by a little over 73% in the first quarter on an annual basis to $18.6 billion, the central bank said on Tuesday, hurt by the sharply lower energy revenues.

☆ 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.

CNBC: You were the first Hispanic woman to serve on one of the top five Fortune 100 corporate boards, but as of 2022, corporate boards continue to remain majority white and male. What do you see as the biggest obstacle to diversifying corporate boards? Ford director Kimberly Casiano was the first Hispanic woman to serve on a Fortune 100 top five corporate board. I also believe entrepreneurs, who have much more limited resources and leverage than major corporations, are better at compromise and subtle persuasion. Casiano: It is important to remember that gender diversity on corporate boards came years before ethnic diversity started to show its head.

☆ Despite mass layoffs led by Meta, it's still hard to hire the right tech talent
▼ + stars: | 2023-03-18 | by ( Kevin Travers | ) www.cnbc.com time to read: +6 min

Even so, it's harder to find and retain tech talent, according to a survey of 1,000 human resources professionals by General Assembly, a professional placement and talent recruitment firm. "I think it's better for tech talent because they are not confined to looking for a job at a 'tech company,'" she said. Create a vision, not just a jobParticularly when it comes to specialized talent, companies have to be intentional. It's about listeningColangelo said success in hiring tech talent comes down to listening well. As for the overall tech talent market, Colangelo said the supply and demand equation may be coming back into better balance.

☆ Op-ed: Biden's American Rescue Plan props up underserved communities with jobs, education
▼ + stars: | 2023-03-11 | by ( U.S. Deputy Treasury Secretary Wally Adeyemo | ) www.cnbc.com time to read: +6 min

This started with policies like the Advance Child Tax Credit, which under the Rescue Plan offered monthly payments to families and helped lift 3.5 million children out of poverty. Expanding our labor force is another area where efforts to support communities of color and other underserved communities is helping to unleash economic gains for all Americans. Last year, I visited Orlando, Florida, where the mayor took me on a tour of a workforce training center funded by the President's American Rescue Plan. The benefits of this effort will be particularly powerful in underserved communities. For too long, racism and discrimination have limited the ability of underserved communities to fully contribute to our civic and economic advancement.

Search resuls for: "Human Capital"

25 mentions found