Layoffs are happening as the world ponders whether a global recession is coming. Whatever label people end up putting on this era, companies are struggling with consecutive lackluster quarters, inflation, price hikes, and uncertainty. Varying interest rates, a plummeting stock market, and a downturn in consumer confidence are only making matters worse. As a result,
Month: August 2022
Qatar’s impending Social Security Law, set to come into effect in early 2023, will impact all working nationals to varying degrees depending on the type of employment. Here’s what to anticipate with respect to the law’s impact for various employee categories, as well as the contributions expected, pension allowance calculations and retirement eligibility. 1) What has
Vivienne Ming is a pioneer in the modern tech world, a neuroscientist, an entrepreneur and a mother of two who is also transgender. Ming is co-founder and head of Socos Labs, a Berkeley, Calif.-based independent think tank that considers itself a “mad science incubator.” It focuses on using machine learning, neuroscience and economics to explore
Hybrid work is becoming the norm, yet there are few standards about when employees must go into the office. Some employers would prefer everyone return in person full time. Employees have not shown the same enthusiasm. The compromise that allows the best of both worlds is hybrid. More than 50% of companies have adopted the
Fall open enrollment season is approaching, which means HR teams will be communicating to employees the value of their benefits package. Be sure to explain how your benefits can help employees with disabilities as well as employees who are caregivers, whether for children or aging parents, said Jessica Tuman, vice president of the Voya Cares
By all accounts, the United States is likely heading into a recession. Already, the country experienced two consecutive quarters of declining gross domestic product (GDP), which is a red flag. Other signs include inflation, the cooling down of venture capitalist’s investment, a declining stock market, and varying interest rates. However, a strong job market persists,
On July 18, the U.K. government published a policy paper titled ”Establishing a pro-innovation approach to regulating AI” (the “Paper”). Instead of giving responsibility for AI governance to a central national regulatory body, as the EU is planning to do through its draft AI Act, the government’s proposals will allow different regulators to take a tailored
On June 9, the Hong Kong Legislative Council passed the Employment and Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill 2022 (“Bill”). The long-awaited abolition of employers’ statutory right to offset long service payment (LSP) or severance payment (SP) payable to employees against the employers’ contributions to the mandatory provident fund (MPF) scheme will take effect
A new study by management consulting firm McKinsey & Co. shed light on the plight of employees of color who work in front-line positions. The report found that 70 percent of Black and Hispanic employees in the U.S. are front-line workers. Many of these jobs lack health care benefits, don’t pay a living wage and
August 26 is Women’s Equality Day in the United States. It commemorates the 1920 adoption of the Nineteenth Amendment to the U.S. Constitution, which gave women the right to vote. This celebration was approved in 1973, a time when the Women’s Movement was taking shape. For HR leaders, this is a good time to take
Unretirement has been making headlines recently. Unretired refers to those who return to the workforce after having tried retirement for a while. In fact, 2.4 million of the 4.2 million people who left the workforce had retired at the start of the pandemic. And 1.5 million retirees have re-entered the U.S. labor market in the
Artificial intelligence (AI) in learning and development is still relatively early in its rise. When HR Exchange Network recently reported on the state of AI and machine learning, experts revealed that the technology is best used for recruiting and employee engagement. However, they added that the applications of AI in learning have great potential. More
LinkedIn’s hiring platform, LinkedIn Recruiter, has announced that it will introduce new, innovative features to make it easier for recruiters to effect change, attract talent, and build a more diverse talent pipeline to improve their diversity, equity and inclusion (DE&I) efforts. Jennifer Shappley, vice president global talent acquisition at LinkedIn, said that these new features
Most HR professionals are seeing many LinkedIn posts with news of layoffs. If they have not, then they will soon. A recent PwC survey of more than 700 U.S. executives and board members revelead that half of employers are either reducing headcount or planning to do so, according to Bloomberg. A little more than half
Emiratization, an initiative to encourage companies to employ more United Arab Emirates nationals in UAE-based companies, has been in place in some form since 2006 in the UAE. Beginning in January 2023, a new set of goals and accompanying fines for failure to comply will take effect. “There have been different schemes over the years which have
Octavia Goredema is a career coach and author who has distinguished herself as a go-to source for underrepresented professionals looking to advance their careers. She’s coached leaders at renowned companies including Google, Nike, American Airlines and Dow Jones. Her insights have been featured in CNN, Forbes and The Los Angeles Times, and she has co-hosted
The raging debate pitting work from home (WFH) against return to office (RTO) positions is not as clear-cut as it may seem. Actually, it is revealing deep division between management and workers, younger generations and older generations, and the privileged and disadvantaged. Frankly, the conversation is more complicated than most people think. INTERVIEW: RTO or
What happens when politics, sex, race, religion and other polarizing topics come up in conversations among co-workers? SHRM Chief Knowledge Officer Alexander Alonso, Ph.D., SHRM-SCP, has some unexpected answers. In his new book, Talking Taboo: Making the Most of Polarizing Discussions at Work (SHRM, 2022), Alonso explains why some topics are taboo while others are
Employees in the Netherlands would gain greater legal support for working from home under legislation expected to become law. The “Work Where You Want” proposal, which the Dutch House of Representatives approved in July, would oblige employers with 10 or more employees to accept workplace requests when certain conditions are met and would make it
People who are blind play an integral role in the federal government’s operations. Since 2010, National Industries for the Blind (NIB), a nonprofit in Alexandria, Va., has paired employees who have visual impairments with contract management support (CMS) services jobs in support of the federal government. The CMS program allows government personnel to focus on