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Union-organizing efforts aren’t limited to historical union strongholds like manufacturing, construction, and the public sector. Even though unions currently represent only about 1.3% of the financial services industry, they’re looking to organize financial services employees. Case in point: On December 20, 2023, Wells Fargo branch employees in Albuquerque, New Mexico, voted 5 to 3 in […]
Company scandals like those Wells Fargo, Volkswagen, and Facebook have experienced cost millions of dollars every year—sometimes billions of dollars. Public company scandals obviously test public and consumer trust, but they also test the resolve and trust of employees.
In several previous posts, we’ve looked at instances of low-level employees’ actions that have cost their companies enormous amounts of money, bad PR, and regulatory scrutiny and penalties.
BLR’s popular podcast, HR Works, recently featured an interview with Dave Ulrich, the man some call the “father of modern HR.” He and his colleagues have a new book out that can help HR leaders in a practical and research-based way. The book is Victory through Organization, Why the War for Talent is failing Your […]
Where did Wells Fargo wrong, and what can employers using variable pay learn from its experience? Several lessons can be gleaned, and chief among them is that companies walk a fine line between incentivizing employees enough to improve company results without promoting undue risky behaviors.
President Harry S. Truman famously had a plaque on his desk that read, “The buck stops here.” It was a reminder to himself that he couldn’t pass responsibility for the way the country was governed. Ultimately, he was responsible.
President Harry S. Truman famously had a plaque on his desk that read, “The buck stops here.” It was a reminder to himself that he couldn’t pass responsibility for the way the country was governed. Ultimately, he was responsible.
by Dan Oswald President Harry S. Truman famously had a plaque on his desk that read, “The buck stops here.” It was a reminder to himself that he couldn’t pass responsibility for the way the country was governed. Ultimately, he was responsible. Responsibility comes with leadership. If you’re in a position of authority, you’re accountable […]
Just how impenetrable is your corporate ethics culture?
Employee compensation is a complicated issue that can stir passion in people. Recently, the now-former CEO of Wells Fargo was taken to task by Congress for his company’s compensation practices, which many believe contributed to widespread fraud on the part of bank employees.