Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Human Capital"


25 mentions found


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
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
U.S. President Joe Biden delivers remarks on veterans' care at George E. Wahlen Department of Veterans Affairs Medical Center in Salt Lake City, Utah, U.S. August 10, 2023. REUTERS/Jonathan Ernst/File PhotoWASHINGTON, Aug 11 (Reuters) - U.S. President Joe Biden is tapping C. Kirabo Jackson, a labor economist whose research advocates robust public spending on schools, to fill out his three-member Council of Economic Advisers (CEA), according to a White House official. The selection suggests public education will be a key area of focus for Biden's brain-trust ahead of a 2024 re-election bid expected to turn on the strength of the economy. Jackson's pick also comes as the Biden administration is thinking through how to boost lagging educational performance since the COVID-19 pandemic. Reporting by Trevor Hunnicutt; Editing by Heather Timmons and Andrea RicciOur Standards: The Thomson Reuters Trust Principles.
Persons: Joe Biden, George E, Jonathan Ernst, Kirabo Jackson, Jackson, Biden, Jackson's, Cecilia Rouse, Trevor Hunnicutt, Heather Timmons, Andrea Ricci Organizations: George, Wahlen Department of Veterans Affairs Medical, REUTERS, Economic Advisers, White, Northwestern University, Princeton University, CEA, Thomson Locations: Salt Lake City , Utah, U.S
Kazakhstan, a former Soviet republic bordering Russia, is home to over 3 million ethnic Russians and has traditionally been one of Russia's closest allies. Clearly targeting Kazakhs, ads seen by Reuters feature Russian and Kazakh flags and the slogan "Shoulder to shoulder". The ads lead to a website that offers potential recruits a chance to join the Russian army in the Sakhalin region in Russia's Far East. Joining military conflicts abroad for pay is illegal under Kazakh law. In Kyrgyzstan, a local man was sentenced to 10 years in prison in May for joining Russian proxy forces in Ukraine's Luhansk region.
Persons: Russia's, Wagner, Mariya Gordeyeva, Gareth Jones Organizations: Russian, Astana, Moscow, Reuters, Human Capital Development Agency of, Kazakhstan's Ministry of Information, Social Development, Soviet Central, Thomson Locations: Kazakhstan, Soviet, Russia, Ukraine, Kazakh, Russian, Sakhalin, Russia's Far, Lysychansk, Tajikistan, Kyrgyzstan, Ukraine's Luhansk, Moscow, Bishkek
Since the financial crisis of 2008, provisions to recover pay have been strengthened at top U.S. banks to limit risk-taking. Bank of America did not admit wrongdoing in its July 11 agreements with the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency. Lander oversees public-employee pension funds with some $300 million worth of Bank of America (BAC.N) stock. It said Bank of America charged multiple fees to customers who did not have enough funds in their accounts from February 2018 until February 2022. The bank said it voluntarily reduced overdraft fees and eliminated all nonsufficient fund fees in 2022.
Persons: Brad Lander, Lander, Wells, Michael Garland, Ross Kerber, Matthew Lewis Organizations: New York, of America's, Bank of America, Consumer Financial Protection Bureau, Reuters, Bank of, Human, of America, Thomson Locations: New, Charlotte , North Carolina, Reuters , New York City, New York City, Boston
The AI boom is screwing over Gen Z
  + stars: | 2023-07-17 | by ( Ed Zitron | ) www.businessinsider.com   time to read: +13 min
Now, with the advent of generative AI, organizations are starting to automate many "junior" tasks — stripping away their dubious last attempt to "teach" young employees. America's young workers are headed toward a career calamity. Nobody wants to teach anymoreEven before the rise of AI, young people were facing an early-career crisis. This lack of care is clearly weighing on the young workers who need career development the most. Humans can be enhanced by AI, helped by AI, but replacing them with AI is a shortsighted decision made by myopic bean counters who can't see the value in a person.
Persons: there's, Gen, Gen Zers, it's, Gen Z, Louis, Zers, millennials, Peter Cappelli, Capelli, Paul Osterman, they'd, Osterman, they'll, ChatGPT, Qualtrics, What's, they're, Ulrich Atz, Tensie Whelan, New York University's, Atz, Whelan, , There's, Knight, It's, Ed Zitron Organizations: Management, Federal Reserve Bank of St, National Association of Colleges, Employers, University of Pennsylvania's Wharton School of Business, US Department of Labor, MIT, Pew Research Center, National Bureau of Economic Research, Gallup, Workplace Intelligence, Amazon, Boston Consulting Group, New York, New York University's Stern Center, Sustainable Business Locations: America, New, Fortune
"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
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
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
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
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
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
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
[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
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.
“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.
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.
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?"
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 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.
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.
Total: 25