Global Business Issues
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Managing Reputation Risks Key to Organization's Success: Study
The report, “Reputation Review 2012,” prepared by Oxford Metrica and sponsored by Aon P.L.C., suggests there is an 80 percent chance of a company losing at least 20 percent of its value in any single month over a five-year period due to a reputation crisis.
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Whistle-Blower Suit Involving Company's Visa Practices Dismissed
Judge Myron H. Thompson of U.S. District Court for the Middle District of Alabama in Montgomery said while Palmer's charges are “deeply troubling,” there was no evidence that Bangalore, India-based Infosys had violated Alabama state law.
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Harvard Grads Flooding Wall Street
Any time so many bright young folks flood into Manhattan's concrete canyons to take jobs in investment banking or private equity, it's a clear sign the market has topped out.
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Staffing Firms Kelly, Temp Holdings Announce Joint Venture
The joint venture will be based in Hong Kong, and the agreement calls for Temp Holdings' Tempstaff Hong Kong operation to change its name to TS Kelly Workforce Solutions effective in October.
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CareerBuilder Buys Top Language Jobs
Top Language Jobs, which is based in London, operates in more than 25 countries, including across Europe and in the U.S.
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Robert Crouch to Lead Adecco's North America Operations
The former CFO of Adecco acquisition MPS played a key role, turning it into a company with revenue of $2.2 billion in 2008. Prior to MPS, Crouch began his career at Arthur Andersen.
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Contingent Workers to Make Up Bulk of New Staff at Auto Plant
Volkswagen Group of America plans to create 800 new jobs at its Chattanooga, Tenn., manufacturing facility, the company announced. Many of those new jobs will go to contingent workers at the facility who are now employed by Aerotek, opening up opportunities for new contingents.
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Staffing Firms Still Find H-1B Difficulties
For staffing firms, there has been difficulty bringing in workers on H-1B visas after the U.S. Citizenship and Immigration Service released the 'Neufeld Memo' in 2010. The memo listed 'third-party placement/job shop' as an example of a firm that does not qualify as an H-1B visa employer.
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Norwegian Insurance Company Monitors Workers' Bathroom Breaks
Norway's chief workplace ombudsman Bjorn Erik Thon told a media outlet that one firm required employees to wear a red bracelet during their menstrual cycles to indicate the need for more restroom visits.
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Availability, Pricing of Coverage Main Concerns for Insurance Buyers: Survey
The issue is particularly challenging for buyers with large natural catastrophe and supply chain exposures, according to the survey of the 25 member firms of the Independents, an international coalition of privately owned insurance brokers and risk management services firms.
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Move to Flexible Workforce Is Permanent, Consultants Say
The online M Squared poll of independent consultants was conducted in December 2011 and included responses from 530 professional independent consultants.
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Aon Moving Its Headquarters to London
Aon President and CEO Greg Case said the move, which must be approved by shareholders, is another step in the firm's strategic plan to grow Aon as a global platform. In particular, London will help Aon grow its business in emerging markets, he said.
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SHRM Elects Three New Board Members
The recently elected officials are Coretha M. Rushing of Equifax Inc., Brian D. Silva of Fresenius Medical Care and José Tomas of Burger King Corp.
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Data Bank Focus: The International Picture
A look at unemployment rates in various industrialized countries around the world underscores the magnitude of joblessness in the United States. Not only does the U.S.
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Avoid Culture Shock When Rewarding International Employees
When properly executed, employee recognition programs and rewards can go a long way in inspiring employees, especially during difficult economic times.
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Health of Overseas Medical Tourism in Question Among Employers
The promise of big health care savings for employers has yet to materialize. ‘Employers are not risk takers, and there’s the concern that if something bad happened to an employee in a distant country, they would be liable,’ says one benefits expert.
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Aon Unit Sues Riskonnect After Employees Jump Ship
The company seeks injunctive relief and damages against the three employees and Riskonnect for wrongful activities, according to the lawsuit.
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Great Expectations: Mastering Cultural Sensitivity in Business and HR
Experts say success in international business comes down to knowing the culture and language. But is that all there is to it? Is it enough to only master a few key phrases in a foreign language, as well as knowing when not to shake one’s hand and what topics to avoid in a business meeting?
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Corporate America Embracing Their Version of the Peace Corps
Overseas corporate volunteer projects are proving to benefit both the employer and employee. Several companies are sending bands of highly skilled employees to foreign countries on a variety of volunteer projects.
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Report Urges Increased Labor Mobility to Meet Demands for Economic Growth
Improved education and training must go hand in hand with increased labor migration, concludes a report prepared by the nonpartisan World Economic Forum.
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The Pepsi Challenge: Helping Expats Feel at Home
More often than not, cultivating a healthy, balanced life overseas is left to the employee, not the human resources department. But PepsiCo is one of a growing number of companies promoting global wellness programs to help smooth overseas transitions.
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IBM Corp Optimas Award Winner for Global Outlook
For creating a career development and learning initiative that reaches employees in most of the 170 countries where the company operates, IBM is the 2010 winner of the Optimas Award for Global Outlook.
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Survey U.K. Firms May Cut Benefits Under New Pension Law
In June, the recently elected U.K. coalition government said it was conducting a review to determine how best to support the implementation of automatic enrollment into company pension plans.
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KKR Paying $356 Million for Japanese Staffing Firm
The Usen subsidiary, Intelligence Ltd., provides direct hire, temporary staffing and outsourcing as well as job-search advertising.
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NYC Unemployment Drops for Fourth Consecutive Month
April brings a single-digit jobless rate to the city—9.8 percent, compared with 10 percent in March. Recovery might finally be kicking in, economists say.
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Illinois Jobless Rate Makes First Dip in Three-Plus Years
Illinois reports improvement in the jobs picture for the first time in three years, with 19,100 new jobs added in April and 51,500 hires for the year to date. But the unemployment rate remains at high levels.
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What Employers Need to Know About Terminating Foreign Workers
Among the most sensitive of layoff matters are the consequences of terminating foreign workers and the affirmative obligations of employers under federal regulations. This article will assist human resources professionals in identifying issues that require compliance with federal regulations.
