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☆ Delivery Hero's Glovo to lay off 250 employees worldwide
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +1 min

BARCELONA, Jan 30 (Reuters) - Spain's Glovo, part of Germany's Delivery Hero (DHER.DE), said on Monday it planned to lay off 250 workers globally, citing a drop in orders and inefficiencies after the COVID-19 pandemic drove a hiring surge. The layoffs, which will mainly affect Glovo's Barcelona offices, represent a 6.5% reduction in the company's global workforce. "The layoff decision largely impacts the company’s headquarters in Barcelona in areas such as business support functions, recruitment and data," Chief Executive Oscar Pierre said in a statement. Pierre said Glovo's rapid growth since its launch in 2015 had created operational inefficiencies and that a slump in demand in the fourth quarter showed external factors were affecting the delivery industry's performance. Reporting by Joan Faus Writing by David Latona Editing by Andrei Khalip and David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ Private equity giants are still racing to fill 2024 associate seats. See 8 firms — from Carlyle to Bain Capital — that have been recruiting first-year investment bankers for jobs that won't start for
▼ + stars: | 2023-01-30 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +9 min

Last year's on-cycle recruiting kicked off earlier than ever, and many junior bankers weren't ready. In an effort to win the war for talent that was raging last year, private equity firms pushed their recruiting efforts earlier than in ever— to late summer. To be sure, not all private equity firms kicked off on-cycle recruiting in August. It usually involves an intense week-long period (although sometimes shorter or longer) where private equity firms rush in to snag the top talent. The bottom line shows the month and year analysts started their roles, and the yellow line indicated when on-cycle recruiting began that season.

☆ The private equity industry is racing to fill 2024 associate roles after last year's hyper competitive hiring tactics backfired
▼ + stars: | 2023-01-25 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +9 min

☆ Here's why employee-experience manager is one of the fastest-growing jobs in the US
▼ + stars: | 2023-01-24 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +6 min

Employee-experience manager was fifth on LinkedIn's list of the fastest-growing jobs in the US. Insider spoke with Jack Lau, an employee-experience manager in the Bay Area, about what that's like. Behold: the employee-experience manager. I started five years ago as an office manager doing all the things office managers do. Is that when you became an employee-experience manager?

☆ Union Pacific: Major railroad posts record earnings, spends more on share repurchases than on its employees
▼ + stars: | 2023-01-24 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Union Pacific, one of the major freight railroads that successfully fought off union demands for paid sick days for workers during contentious labor negotiations in 2022, reported another year of record earnings Tuesday. The company, along with CSX, Norfolk Southern and Burlington Northern Sante Fe, narrowly avoided a strike by its unionized workers when Congress imposed new contracts on about half of its union members in December. The new labor contracts gave its employees an immediate 14% increase in pay, including back pay. And signing bonuses for union members that were paid in January will show up when the company’s first-quarter results are reported in April. While overall operating expenses for 2022 rose $2.5 billion, that was outweighed by revenue rising $3 billion to a record $24.9 billion for the year.

☆ Pilots fail to cash in on air traffic revival -global survey
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +1 min

Jan 19 (Reuters) - A global rebound in air travel has brought pilots back to work after a pandemic-induced slump, but many men and women in the cockpit have concerns over salary, a survey on Thursday said. More than half of pilots have not had a salary increase for five years, according to the global survey by aviation industry specialist Goose recruitment and FlightGlobal. By contrast, 73% of respondents in North America reported higher salaries, driven by fierce demand for pilots as traffic rebounds. Almost two-thirds of pilots said they want to change jobs for better pay and conditions in the next 12 months. “Pilots will want to see their pay return to what it once was," said Mark Charman, chief executive of Goose Recruitment.

☆ Exclusive: ECB union says staff losing faith in leadership over inflation, pay
▼ + stars: | 2023-01-18 | by ( Francesco Canepa | ) www.reuters.com time to read: +5 min

The responses underline that even central banks, whose primary responsibility is fighting inflation, are not immune to staff dissatisfaction with the sharply rising cost of living. Results of IPSO's survey, which largely focused on pay and remote-working arrangements but also included questions about trust in the board, were sent to ECB staff on Tuesday in an email, seen by Reuters. INFLATION SURGE, PAY BATTLESThe survey was the first by IPSO to ask about trust in top management since Christine Lagarde took over as ECB President in late 2019. The most recent Bank of England staff survey, also conducted in 2019, showed 64% of respondents had "trust and confidence in the Bank's leadership". "The ECB might be preaching lower real wages, but this is not our stance as your staff union," it wrote in its message to ECB employees.

☆ Stopping the 'quiet quitting' trend could be all down to your boss
▼ + stars: | 2023-01-18 | by ( Sophie Kiderlin | ) www.cnbc.com time to read: +3 min

The idea of "quiet quitting" may not be anything new. Thierry Delaporte, CEO and managing director at IT company Wipro Limited, also sees quiet quitting as a chance for leaders to reflect on how they need to adjust to the changing labor force. The term quiet quitting was coined in 2022 on social media — with different definitions. People who were unable to resign or were unsuccessful in changing their work environment started asking questions, he said. Long term, it's not just about quiet quitting either, the Davos panel suggested.

☆ Exclusive: ECB staff losing faith in leadership as inflation bites, survey shows
▼ + stars: | 2023-01-17 | by ( Francesco Canepa | ) www.reuters.com time to read: +4 min

Results were sent to ECB staff on Tuesday in an email, seen by Reuters. An ECB spokesperson did not comment directly on IPSO's findings when asked but pointed to a separate staff survey, run by the ECB itself last year, showing that 83% of respondents were proud to work for the ECB and 72% would recommend it. The criticism by staff may sting because it relates to the core of the ECB's mission - wages and inflation. A similar IPSO survey of ECB staff, taken just before Lagarde's predecessor Mario Draghi stepped down, showed 54.5% of 735 respondents rated his presidency "very good" or "outstanding", with support for his policy measures even higher. "The ECB might be preaching lower real wages, but this is not our stance as your staff union," it wrote in its message to ECB employees.

☆ UK jobs market softens again in December - REC
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +2 min

The survey, watched closely by the BoE, also showed an easing in wage pressures. "A slowdown in permanent placements is not unusual in December, but this one comes as part of a wider softening trend in the permanent market," said REC chief executive Neil Carberry. "Recruiters tell us that this was enhanced by firms pushing hiring activity back into January in the face of high inflation and economic uncertainty." Britain's economy looks set to contract in 2023, according to most economists polled by Reuters, and business surveys show cooling price pressures. The REC survey showed placements of permanent staff contracted at the fastest rate since January 2021.

☆ How TikTok influencers are helping companies recruit new workers
▼ + stars: | 2023-01-09 | by ( Mikaela Cohen | ) www.cnbc.com time to read: +7 min

Durham's following on the social platform and her success show how influencers and content creators on TikTok can strengthen a company's recruiting efforts. TikTok influencers help recruit desired candidatesWhen you think about how people previously searched for jobs, it's most likely they turned first to their local newspaper for open roles. Finding the right type of TikTok influencerLazarus said companies interested in using TikTok influencers to promote jobs, must first distinguish between the different types of influencers and which ones have the right following to reach ideal candidates. Blaser said companies, especially local businesses, don't necessarily need to tap into influencers with millions of followers to recruit for open jobs. Lazarus said TikTok influencers can also help companies increase diversity and reach underrepresented populations, because this type of recruitment reaches candidates through their trusted sources that they're already consuming.

☆ Warner Bros. Discovery salaries revealed: Pay data shows how much the company recently offered for jobs at HBO and more, despite waves of layoffs and cuts
▼ + stars: | 2022-12-20 | by ( Ashley Rodriguez | Elaine Low | ) www.businessinsider.com time to read: +19 min

Insider analyzed new pay data from the entertainment companies, now merged as Warner Bros. Recent salaries ranged from $55 an hour to $300,000 a year for jobs at HBO and other units. The salaries ranged from $55 per hour to $300,000 per year, with a median annual salary of $143,000 to $170,000. For example, Discovery offered an ad sales account manager between $131,458 and $149,000 per year, according to the data. Associate Manager, Brand Marketing/Publishing: $92,518 to $130,011WarnerMedia DirectData Architect: $162,400 to $200,150 median; ranging from $159,800 to $205,000WarnerMedia Services

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☆ UK labour market loses more momentum in November: REC survey
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +1 min

LONDON, Dec 8 (Reuters) - Britain's labour market cooled noticeably last month, with demand for staff and pay growth easing, and staff shortages became less acute, a survey showed on Thursday. Hiring of permanent staff declined for a second month running. The survey, watched closely by the Bank of England as leading indicator of the labour market ahead of its interest rate decision next week, matched other signs that the economy is slowing. "A flatter period in the labour market is inevitable in this current economic climate, but demand is being supported by some major underlying factors, including labour shortages and technological change," he added. Last month BoE Governor Andrew Bailey said Britain's "very tight" labour market was a key reason why further interest rate increases were likely.

☆ Tesla's German gigafactory is in 'total chaos' due to staff shortages, report says
▼ + stars: | 2022-12-07 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +2 min

Tesla is struggling to recruit and retain enough staff at its German gigafactory, Wired reported. The Berlin plant is falling behind on production goals, leaving it in "total chaos," per the report. One worker told Wired: "Many people are signed off sick because the motivation isn't there." One anonymous worker told the publication that the plant was in "total chaos" due to staffing issues. Union representatives told Wired that Tesla's recruitment and retention problems reflected the company's reputation as an unattractive employer in Germany's heavily-unionized automotive sector.

☆ Britain must end reliance on 'cheap labour', Starmer tells businesses
▼ + stars: | 2022-11-22 | by ( Elizabeth Piper | ) www.reuters.com time to read: +4 min

In a speech to the Confederation of British Industry (CBI) conference, Starmer doubled down on that message by telling businesses that a Labour government would work with companies to "help the British economy off its immigration dependency". "But let me tell you - the days when low pay and cheap labour are part of the British way on growth must end." Britain's economy has long relied on cheap labour, particularly since the EU expanded to take on new members from eastern Europe. On Monday, CBI Director General Tony Danker said labour shortages could be addressed with a better immigration system. "But our common goal must be to help the British economy off its immigration dependency," he said.

☆ Shopee, the Amazon of Asia, has laid off around 7,000 employees in the last 6 months, after latest cuts: report
▼ + stars: | 2022-11-15 | by ( Britney Toh | ) www.businessinsider.com time to read: +3 min

Shopee laid off around 100 employees on Monday, adding up to around 7,000 jobs cut in the last six months, per Bloomberg. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. On Monday, a number of Shopee employees in Singapore and China received marching orders via emails, Bloomberg said. Sources also told The Straits Times that the latest round of layoffs was more low-key compared to the layoffs that happened in September. Shopee parent Sea Limited — which employed more than 67,000 people at the end of 2021 — let go a low single-digit percentage of employees on September 19.

☆ GOP campaign veterans call Rick Scott one of the worst reelection chairs in modern history after 2022 midterms flop: 'Leave the national political arena to the grown ups'
▼ + stars: | 2022-11-14 | by ( Warren Rojas | ) www.businessinsider.com time to read: +4 min

Senate reelection chair Rick Scott is taking heat for not delivering during the midterm elections. "It will take years to undo Rick Scott's mistakes," a former NRSC aide said of the 2022 cycle. The former NRSC staffer who billed Scott as a historic failure said the freshman lawmaker courted disaster by going rogue this spring. "That stuff takes care of itself — if you win," the second former NRSC staffer told Insider. "It will take years to undo Rick Scott's mistakes," the second former NRSC staffer said.

☆ Leadership on Multiple Fronts
▼ + stars: | 2022-11-11 | 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 EmailLeadership on Multiple FrontsThe U.S. Army employs over a million people around the world and from the standpoint of a distributed workforce, challenges on recruitment and retention and a new focus on mental health, the armed services is a lot like US companies. We'll speak to Secretary of the Army Christine Wormuth about leading during difficult times, how she's tackling recruitment and retention, and why more veterans in the workforce is better for business.

☆ UK hiring falls as political upheaval adds to employers' worries
▼ + stars: | 2022-11-10 | by ( Suban Abdulla | ) www.reuters.com time to read: +2 min

REUTERS/Toby MelvilleLONDON, Nov 10 (Reuters) - British employers cut their hiring of permanent staff via recruitment firms for the first time in nearly two years in October as the country's political upheaval added to concerns about the economy, a survey showed on Thursday. Hiring of temporary workers stagnated and wage growth for permanent new staff was its weakest in a year and a half. But permanent staff availability remained an acute problem for employers with workers less likely to switch roles or seek new jobs, REC said. Starting salaries increased at the slowest pace in 18 months and temporary pay growth was the weakest since May 2021. The REC survey was conducted between Oct. 12 and Oct. 25, a period that included the date of Truss announcing that she would resign as prime minister on Oct. 20.

☆ Half a million UK workers drop out of workforce, citing long-term illness
▼ + stars: | 2022-11-10 | by ( Suban Abdulla | ) www.reuters.com time to read: +3 min

The increase in long-term sickness started in 2019, before the pandemic, before rising sharply by 363,000 between early 2020 and the three months to the end of August 2022 to reach 2.5 million, it said. The BoE is concerned that the number of people leaving Britain's workforce will fuel inflationary pressures and the latest labour market data pointed to a record workforce exodus. Long-term sickness was the reason given by 28% of people who were neither working nor looking for work between June and August 2022, up from 25% at the start of the pandemic. However, most people who now cite long-term sickness as their reason for not being in work or looking for a job originally dropped out of the labour market for another reason. A combination of factors including a rise in people taking early retirement, long-term illness and lower migration are depleting Britain's workforce, according to the Institute for Employment Studies (IES) which analysed the data.

☆ How a 4-day workweek improved one company's recruitment, retention, and morale — and its workers' well-being
▼ + stars: | 2022-11-07 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +6 min

She added that the four-day workweek had helped recruitment, retention, and worker well-being. Around that time, she read a book about the promise of the four-day workweek. Thus began her company's participation in a six-month pilot program of a four-day workweek. Insider recently spoke with her about the four-day workweek's effects on the company's retention and recruitment and on the team's health and well-being. But the value of it in terms of retention, recruitment, and health and well-being cannot be overstated.

☆ Insurer AIA's new business value edges up as China COVID curbs ease
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +1 min

Oct 31 (Reuters) - Asia-focussed insurer AIA Group Ltd (1299.HK) reported a 1% rise in quarterly new business value on Tuesday as sales recovered from pandemic lows in its main markets of China and Hong Kong. AIA's mainland China business posted a 6% rise in value of new business (VONB) during the quarter, on a constant exchange rates basis. Its Hong Kong business also saw VONB growth, AIA said. The two markets together account for about half of AIA's new business growth globally. In the quarter ended Sept. 30, AIA's VONB rose to $741 million from $735 million a year earlier.

☆ Hate speech, online extremism fed Pelosi attack, terror experts believe
▼ + stars: | 2022-10-29 | by ( Heather Timmons | ) www.reuters.com time to read: +4 min

WASHINGTON, Oct 29 (Reuters) - The frequent targeting of U.S. House Speaker Nancy Pelosi by online extremists and political opponents likely contributed to the violent attack on her husband Paul, terrorism and extremism experts said. before assaulting Paul Pelosi with a hammer, according to a person briefed on the incident. Pelosi has been demonized online and in public by both far right and far left-leaning political websites and figures. Those theories and people who espouse them are sometimes promoted by more mainstream public figures, amplifying the threats, experts say. Site said the Pelosi attack was being celebrated online by far-right supporters.

The Supreme Court is scheduled to hear arguments in the two cases on Monday, with rulings due by the end of June. Blum's goal is for the Supreme Court to overturn its own precedents allowing race as a factor in admissions. Blum raised more than $8 million from 2015 to 2020 for Students for Fair Admissions, most going to covering legal fees. No Students for Fair Admissions members served as plaintiffs or testified in court in the Harvard and UNC cases as the group lost in lower courts. The Supreme Court in January agreed to hear appeals backed by Blum in both cases.

Interpol's member countries have raised concerns about how to prepare for possible metaverse crime, Madan Oberoi, Interpol's executive director for technology and innovation, told Reuters. "Some of the crimes may be new to this medium, some of the existing crimes will be enabled by the medium and taken to a new level," he said. Phishing and scams could operate differently when augmented reality and virtual reality are involved, Oberoi said. Virtual reality could also facilitate crime in the physical world, Oberoi said. Users may also create virtual worlds with "extremist rules," the report said.

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