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Black MBA NetWire
arrows March 16, 2017
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Top News
Tackling topics ranging from leadership and race to office politics and millennials, Nationwide Insurance Co. EVP & Chief Administrative Officer Gale V. King and AT&T SVP, Human Resources & Chief Diversity Officer Cynthia G. Marshall held a revealing, powerful "From The Corner" master class. The fireside chat, conducted by BLACK ENTERPRISE President & CEO Earl "Butch" Graves, Jr. and hosted by Dell Technologies, offered attendees an insider’s view of how Corporate America operates at the highest level from two leaders who recently made BE’s Most Powerful Women in Business list. (Black Enterprise)
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While President Trump has stated he will not fill out a bracket for this year’s NCAA tournament beginning March 14th, millions of workers across the country will likely spend company time researching teams and making their picks. This activity could cost employers over $600 million, according to one more conservative estimate. More than 40 million Americans fill out tournament brackets, according to the American Gaming Association. Applying the current employment to population ratio to that figure, 23.7 million workers will fill out brackets for this year’s games. (Challenger, Gray &Christmas,Inc.)
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The Federal Reserve raised its benchmark lending rate a quarter point and continued to project two more increases this year, signaling more vigilance as inflation approaches its target. (Bloomberg)
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Career
Sometimes, these incentives work in ways managers intended them to. But there are ways in which these methods of performance pay can backfire, causing contentious behaviors among employees, complaints about unfair pay distribution, or overwork and stress. Although these critical issues represent real problems for many businesses, little progress has been made in gathering evidence on how different incentive pay schemes — performance-related pay, profit-related pay, and share ownership — might affect employee well-being. (Harvard Business Review)
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It’s no secret that allowing employees to work remotely can have a positive impact on employee engagement and work-life balance. But a new report from the International Labour Organization (ILO) found that, for some employees, the ease of anytime/anywhere work can actually backfire. (Fast Company)
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Your resume isn’t a place for modesty; it’s a chance to show companies all the awesome things you’ve done—and what you can do for them if given a chance. Take the opportunity to liven things up a bit. Weak, vague, or overused verbs can actually diminish the excellent work you did at your last job, so choose words that more accurately reflect what you do. (Fast Company)
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Northwestern Mutual
Diversity in the Workplace
USC professor Raphael Bostic made history on Monday when he was named president of the Federal Reserve Bank of Atlanta, becoming the first African American to lead one of the Fed’s 12 regional banks. The choice of Bostic, 50, director of the Bedrosian Center on Governance at USC’s Sol Price School of Public Policy, comes after members of Congress and advocacy groups have sharply criticized the central bank for a lack of diversity. (Los Angeles Times)
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Tech companies are spending hundreds of millions of dollars to improve conditions for female employees. Here’s why not much has changed—and what might actually work. (The Atlantic)
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I have been told by HR and other executives in diversity and inclusion at several organizations that whispers about change have already started – of compliance officers coming in and saying not to put too much emphasis on diversity initiatives because things are going to change. Most of those leaders worry that this will mean change for the worse, resetting any progress made with compliance issues removed. (Forbes)
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To feel happy at work – or at home – we have to feel like we belong. Work must be a place where we feel respected, comfortable and cared for. Work needs to become a community, a secure and welcoming place. (Gulf Business)
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International
Unemployment is falling almost everywhere. Wages aren’t rising much anywhere. From York, U.K. to Montreal, and Osaka to Seattle, it’s a pretty good time to be looking for a job as a member of the labor force in many developed countries. Unemployment rates in Group of 7 nations such as Canada, the U.S., Britain, Japan and Germany are nearing or even slightly below what officials describe as a maxed-out jobs market. (Bloomberg)
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UK interest rates have been kept unchanged at 0.25% by the Bank of England's rate setting committee. However, one of the nine who sit on the Monetary Policy Committee (MPC), Kristin Forbes, expressed concern about inflation and voted to raise rates. (BBC)
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Ikea is bringing Swedish-style working conditions to India.The furniture giant has announced that all its employees in India -- women and men -- will be entitled to 26 weeks of paid parental leave on the birth of a child. (CNN Money)
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Education
MBA program has always been supreme but little is paid attention to the fact that regarding the imbalanced sex ratio in the program. The course has always attracted more men than women. (BrainBuxa)
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NBMBAA
March is Women’s History Month and we are celebrating women with MBAs! One lucky NBMBAA® member has the opportunity to win a FREE registration for this year’s conference in Philadelphia!
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TIAA-CREF
Technology
Mariah Cowling is one of 100 students from Historically Black Colleges and Universities (HBCUs) participating in the HBCU@SXSW initiative, a partnership between South By Southwest Convention and Festivals and organizations such as Opportunity Hub, Huddle Ventures and Stemmed. These have teamed up to help students of color attend the popular music, interactive and film festival in Austin. (USA TODAY)
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Wearable technology is set for its most literal incarnation with a new partnership between Google and clothing line Levi's. From this fall, technology lovers will quite literally be able to wear their hearts on their sleeves, donning a new smart jacket which allows them to control their mobile device at the swipe of a cuff. (CNBC)
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Revenues from eSports and steaming game content will reach $3.5 billion by the year 2021, according to a new report from Juniper Research. That's up from approximately $1.8 billion in 2016. This near doubling of revenue growth over five years represents the increasing popularity of both eSports and video game personalities on platforms like Twitch. (Forbes)
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Entrepreneurship
Black women are leading the country in successful entrepreneurship ventures and ESSENCE is teaming up with the only Federal Government agency solely dedicated to serving the minority business community to take things to the next level. (Essence)
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The Economy
The nation's home builders couldn't be happier with President Trump's first move to roll back strict environmental rules. A monthly index of builder sentiment jumped six points to the highest level in 12 years. The National Association of Home Builders/Wells Fargo Housing Market index hit 71 in March, a sizable jump from 58 in March of 2016. Anything above 50 is considered positive sentiment. (CNBC)
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Personal Finance
The Federal Reserve is expected to raise its key interest rate on Wednesday. It would be the second rate hike since December and a sign that the central bank plans to raise rates faster this year. One rate hike won't change the world but higher rates affect millions of Americans. If you have a credit card or savings account, want to buy a home or a car, and invest in stocks or bonds, pay attention. (CNN Money)
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Corporate America
Linda Johnson Rice is back in charge at Ebony magazine, after the exit last week of the African-American magazine company's CEO, Cheryl McKissack. Johnson Rice had remained chairman emeritus of Ebony Media Holdings after a sale last year of a majority stake to an Austin investment firm. Now she will become CEO of the holding company's Ebony Media Operations entity, which publishes Ebony and Jet magazines online and in print. (Crain's Chicago Business Journal)
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Pepsi, Levi’s, and IBM were taking controversial stances on political issues long before Trump’s America was even a thing. With the president of the United States regularly taking aim at companies via his Twitter account, brands from General Motors to Nordstrom have found themselves unwittingly caught up in the political news of the day. (Fast Company)
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Government
The National Black Chamber of Commerce (NBCC) is lending its support to a key provision in the House Republicans’ tax reform blueprint, as the proposal faces opposition from other business groups and GOP lawmakers. (The Hill)
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