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An Indian IT firm’s employee retention plan includes free matchmaking
Alex Hern, The Guardian, 30 April 2022An Indian IT Firm has managed to retain employees by using an internal matchmaking service. In a country where women migrate for marriage and men migrate for work, companies must go beyond pay packages and perks. In 2006, the Madurai-based firm Sri Mookambika Infosolutions began offering special increments to employees, which has since grown...
socio political environment
What to do if your job compromises your morals
Ron Carucci and Ludmila N. Praslova, Harvard Business Review, 29 April 2022Moral injury occurs across occupations and is a trauma response to witnessing or being part of workplace behaviours that contradict one’s moral beliefs in high-stakes situations. While the ultimate responsibility for preventing moral injury rests on organisational decision makers, individual employees are often forced to deal with the...
socio political environment
Four-day week kicks off new wave of flexible work culture
Amantha Imber, The Australian Financial Review, 27 April 2022Thanks to the Great Resignation and a very heated war for talent, there has never been a more critical time for organisations to start obsessing about the experience of their staff. According to a review conducted by behavioural science consultancy Inventium, Australasia’s top-ranked companies took flexibility a step further, revealing that...
socio political environment
Harvard commits $100 million to redress ties to slavery
Erin Doherty, Axios, 27 April 2022In a world of cancel culture, companies and organisations are being forced to deal with decisions their predecessors made hundreds of years ago. Harvard University has announced that it will commit $100 million to study and redress its ties to slavery based on a recent report's recommendations. The internal Harvard report analyses how Harvard’s...
socio political environment
The only thing that can kill a social media giant is the next one
Kira Bindrim, Quartz, 27 April 2022The Cambridge Analytica scandal, the 2016 US presidential election, and countless privacy violations are just some of the dishonourable situations which have damaged Facebook's reputation in recent years. But other than being bad, the bottom line is that Facebook is now just boring. Younger generations view Facebook as a social media platform...
socio political environment
Twitter takeover: EU and UK warn Musk must comply or face sanctions
Dan Milmo and Mark Sweney, The Guardian, 27 April 2022The UK and EU have warned that Twitter must comply with new content rules or face sanctions ranging from fines to a total ban, as concerns are raised that hate speech will increase on the platform under the ownership of Elon Musk. Thierry Breton, the EU’s commissioner for the internal market, tweeted “be it cars or social media, any company...
socio political environment
In a market swamped with streaming services, Netflix’s massive loss of subscribers is a big deal
Oliver Eklund, The Conversation, 26 April 2022Netflix announced it lost over 200, 000 subscribers in the first quarter of 2022, revealing the first time the streaming service has lost subscribers in over a decade. Whilst the cancellation of the service in Russia partly contributed to the loss, Netflix saw its subscribers increase only one-fifth of the expected growth…
socio political environment
Stop telling employees to be resilient
Lizz Fosslien and Molly West Duffy, MIT Sloan Management Review, 25 April 2022Resilience, or the ability to withstand hardship and bounce back from difficult events, is useful when it comes to work. But, too often, it’s presented in a way that overlooks structural issues and instead encourages employees to grin and bear whatever tough stuff comes their way — and to do so on their own, without disturbing their colleagues....
socio political environment
Very Public Affairs: Public integrity and transparency in Australia with Geoffrey Watson SC
Very Public Affairs Podcast, Centre for Corporate Public Affairs, 21 April 2022In this episode of the Very Public Affairs podcast, Analyst Cameron Chu is joined by Geoffrey Watson SC, Director at the Centre for Public Integrity. Geoffrey discusses issues pertaining to public integrity and transparency in Australia, as well as the reasons and public support for a National Integrity Commission....
socio political environment
Why top management should focus on responsible AI
David Kiron, Elizabeth Renieris and Steven Mills, MIT Sloan Management Review, 19 April 2022Executives are increasingly discussing their company’s social purpose in non-financial terms. They recognise that AI has the potential to advance or undermine an organisation’s social purpose. Panellists assembled by MIT Sloan Management Review stated responsible AI should be a top management concern because AI can have a significant impact on...
socio political environment