web site of the week

first_img It is as well not to believe everything you read on the Web, but this is one site where you can trust the sources. The on-line service from the Stationery Office, the official publisher of statutory, Parliamentary and government information, may err on the dry side, but it’s an invaluable on-line resource for HR managers who want to stay up-to-date with legislation and Government reports and commissions. You can buy reports direct from the site, check out on-line newsletters and immerse yourself in statistical information. There’s also updated news and parliamentary debates are available on-line the following morning. Useful links, include one to 10 Downing Street (check out Tony’s Internet broadcasts) and clicking on the blue Stationery Office icon at the top of the site takes you to the Office’s own site where you can find out about its services and sign-up for e-mail alerts on new titles. Finally, if you’re in a new job and a new area and want to find out who your MP is, this will help you track him or her down. Comments are closed. Previous Article Next Article web site of the weekOn 14 Nov 2000 in Personnel Today Related posts:No related photos.last_img read more

HR key to hiring new breed of managers

first_img Previous Article Next Article Traditional managers are driving companies out of business, sparking a needfor a new approach, according to Harvard Business School professor ClaytonChristensen. He said recruitment and development are key to creating the entrepreneurialapproach companies now need. The trends give personnel managers a pivotal role, but Christensen added,”The HR function is not doing its job – it has to help managers hirepeople with the skills to start up businesses.” Christensen told the Hay HR conference in Florence that in industries suchas cars and computing, large firms chasing upmarket customers have lost out tonew companies they had dismissed as too downmarket. The chances of converting a large established business to compete withlow-cost entrants are “zero”, he added, which is why computer chipmaker Intel set up a separate company to produce the Celeron processor. Related posts:No related photos. HR key to hiring new breed of managersOn 30 May 2001 in Personnel Today Comments are closed. last_img read more

Prudential closes plan to new staff

first_img Previous Article Next Article Prudential is closing its final salary pension scheme to new employees – thelatest big company to do so. The insurance giant said it needed to close the scheme to new membersbecause of concerns over its cost. It is replacing it with a ‘definedcontribution’ plan which will see workers bear the investment risk. Despite unions decrying the move, the company maintains that its new scheme– which includes a more generous sickness benefit and allows for career breaksand part-time work – offers employees a better deal. “We are introducing a high-quality defined contribution plan andbelieve it should become a benchmark against which other quality definedcontribution schemes will be measured,” a company spokesman said. Prudential now joins a long list of companies which have restricted theirfinal salary schemes. These include Abbey National, HBOS, HSBC, AstraZeneca,and Marks & Spencer. In a separate move, Prudential announced it is to give its staff a day eachyear dedicated to sorting out their personal finances. HR director Russell Martin said: “We have to find ways to encouragepeople to take this issue more seriously. I believe that if we can provide themwith more time during the working year, we shall see an improvement in thisarea.” The offer will be open to all 8,000 UK staff, and starts next year.Prudential staff will be allowed to use an intranet site on financialplanning information and tools, as well as in-house seminars for workers and,if possible, their partners. They can choose to use the time to visit their bank or building society oruse the office’s telephone, internet and computer facilities to resolve theirfinances. www.prudential.com Comments are closed. Prudential closes plan to new staffOn 1 Oct 2002 in Personnel Today Related posts:No related photos.last_img read more

OHA awarded £4k to study effects of alcohol

first_imgAn OH nurse has won the prestigious Florence Nightingale travel award toenable her to investigate the effect of alcohol on employees. Marisa Stevenson, an OHA with Axa PPP healthcare, won the £4,000 award forher plans to investigate the effects of alcohol on the workplace. She will nowtravel to Australia to visit the University of New South Wales to studyresearch carried out at its School of Community Medicine. Following the four-week study tour, she will begin her own research projectin the UK, and aims to focus on two Scottish councils. “My study is to look at whether intervention has any long-term effecton people who identify themselves as heavy rather than dependentdrinkers,” said Stevenson. The award was determined by a panel interview where candidates had todescribe the research they planned to carry out and why they had chosen aparticular location for their study tour. OHA awarded £4k to study effects of alcoholOn 1 May 2003 in Personnel Today Related posts:No related photos. Comments are closed. Previous Article Next Articlelast_img read more

News from Personnel Today

first_imgRelated posts:No related photos. News from Personnel TodayOn 1 Dec 2003 in Personnel Today Previous Article Next Article News from Personnel TodayMet looks into stress The Metropolitan Police Service is to launch a major stress audit toinvestigate the full impact of the problem on its staff, and develop a plan tofight back. The Met will survey about 10,000 officers and civilian staff toassess how much impact stress is having on the force. It hopes to implement astress management pro-gramme by the New Year.  Personnel Today, 21 October Essex NHS tests Staff at an Essex NHS trust are being psycho-metrically profiled to see howthey cope with stress. Mid Essex Hospital Services NHS Trust has launched atraining programme in partnership with Westminster Associates called KeepingYour Balance. Personnel Today, 21 October Wave guidance Employers are to be given EU guidelines on the maximum levels of exposure toelectro-magnetic waves staff should face. The new European guidelines focus onemployees who work with power lines, and mobile phone and radar antennae. Personnel Today, 11 November Online advice The European Agency for Safety and Health at Work has launched a new onlineguide to handling dangerous substances. It covers the main risks associatedwith working with dangerous substances. http://europe.osha.eu.int/good_practice/risks/dangerous_substances/index.php Comments are closed. last_img read more

LinkedIn policy changes – Good, Bad or Ugly?

first_img So as most already know, this year Linkedin changed their InMail policy. Instead of getting back all the InMails that didn’t get a response, Linkedin now only credit back InMails that are replied to. They also implemented their new policy around a commercial search limit in which in any given month you can only run a limited amount of searches as beyond a certain number they deem that it is being used for commercial purposes. I’ve seen a number of posts for and against the changes and for what it’s worth, I say bring it on!Here’s why…Sometimes, just sometimes, I shudder when I see some of the activities that are being passed off as “recruiting”. In the last month I have received a number of batch messages that not only are not personalised to me, but have zero relevance to me at all. E.g. I’m an IT/software development sourcing specialist/recruiter and therefore, I have a few technologies listed on my profile. In the greater context of my profile, this is clearly in reference to positions I regularly find myself recruiting and not related to my personal IT experience, YET – I still get messages asking about my interest levels in an exciting and fantabulous open position as a Developer. I’m all for looking at ways to find efficiencies but sending a batch message to anyone with a specific technology(ies) listed on their profile (due to a standard keyword search) is just plain lazy and is certainly not what the vast majority of the recruitment world would identify as effective, solid recruitment/sourcing practice. To date, given the limited InMails available per month on different subscriptions, recruiters were almost incentivised to not be engaging in their InMails and just throw buzzwords in the hope of either a) Quickly engaging a professional who might be actively on the market; or b) being completely ignored, as opposed to opening up conversations with candidates who are not “active” but may be open to discussing other opportunities. If by LinkedIn changing its policies it encourages the careful  and more considered use of InMails as a tool of value and as the medium that could be used to open doors to new networks/candidates/business partners/leads, then I’m all for it and can only see it having a positive effect on the industry.Link to info on new InMail policy: http://sales.linkedin.com/blog/linkedin-changes-inmail-policy-to-improve-quality-of-messages-and-response-rates/On commercial search limits. I believe that the impact on this will be minimal to any recruiter who considers themselves to be somewhat social media savvy as most will be well versed in other online sourcing techniques and know e.g. know how to run x-ray searches via search engines, should they reach their search threshold. The knock-on effect of this is that recruiter who is perhaps not quite as used to other online search methods will have to begin to increase their knowledge of online sourcing methods which surely can only positively affect the recruitment industry?.Link to info on new “commercial use limit”: https://help.linkedin.com/app/answers/detail/a_id/52950/~/commercial-use-limit-on-search Related posts:No related photos. Previous Article Next Article LinkedIn policy changes – Good, Bad or Ugly?Shared from missc on 20 Jan 2015 in Personnel Todaycenter_img Comments are closed. Read full article last_img read more

Stringer’s housing plan doesn’t pencil out: developers

first_img Message* Share via Shortlink scott stringer Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Scott Stringer (Getty, NYC Comptroller, iStock/Illustration by Alexis Manrodt for The Real Deal)Mayoral hopeful Scott Stringer wants to require all residential projects to include affordable housing — but some developers say his numbers don’t add up.The city comptroller released a 47-page housing plan Thursday including details on the “universal affordable housing” program he announced last year. Under it, developers would have to make at least 25 percent of apartments deeply affordable in projects with 10 or more units.The low-rent units would be affordable to households earning, on average, 60 percent of the area median income — significantly less than in Mayor Bill de Blasio’s housing plan. Developers would get subsidies and tax exemptions to build in neighborhoods where residents earn below 60 percent of AMI.Stringer also wants to eliminate one of the real estate industry’s favorite tax breaks, Affordable New York, the successor to 421a. He would instead ask the state for subsidies that would be distributed on a discretionary basis to projects that “create large amounts of deeply-affordable housing.”“No longer will private developers be able to use affordable housing as bargaining chips,” he said during a press conference Thursday. “No longer will communities of color be on the front lines against the city’s housing crisis.”He would also compel all city-financed affordable housing, both new construction and preservation projects, to set aside at least 15 percent of units for homeless individuals. In late 2019 the City Council established a similar set-aside in city-financed, newly developed buildings with 41 or more apartments.Stringer’s plan addresses two criticisms of de Blasio’s Mandatory Inclusionary Housing: that it only applies in rezoned areas, which so far have largely been in communities of color; and that its “affordable” units are still too expensive.But one affordable housing developer said Stringer’s proposal “misses the mark” because it targets tenants already covered by other affordable housing programs, including Low Income Housing Tax Credits.As a result, he said, those earning less than 30 percent of AMI and those earning between 80 percent and 120 percent of AMI are largely left out. Stringer’s plan shifts more risk onto developers while also stripping away incentives like tax breaks and zoning bonuses.“You are going to have a lot of private developers pick up and leave,” the developer said.Lappin Associates’ Michael Lappin, a former CEO of the large nonprofit developer Community Preservation Corp., agreed that a discretionary subsidy program would likely result in smaller developers leaving the city. Those who lack the resources to navigate a more complex system, without guarantees of financing, wouldn’t be able to withstand the risk.Another developer praised Stringer’s pledge to increase the Department of Housing Preservation and Development’s annual capital funding by roughly $370 million. He said, however, that the plan’s “contradictory concepts” threaten to “undo the good things he is trying to bring to table.”For example, Stringer would ramp up affordable housing requirements on as-of-right construction projects while cutting off the Affordable New York property tax breaks. The tax break, which expires in 2022 and is controlled by the state legislature, is often cited by developers as essential to offset the costs of multifamily construction in the city.Stringer would also require prevailing wages for construction workers on city-funded projects “where appropriate.” Developers and contractors say such wages drive up construction costs significantly.It is unclear if such requirements would be contingent on unions reaching deals similar to agreements between the laborers union Local 79 and affordable housing developer L+M Development Partners. The union agreed to wage cuts in exchange for work on at least four L+M affordable housing projects. The union and a labor umbrella organization, the Building and Construction Trades Council of Greater New York, have endorsed Stringer.Sam Chandan, dean of NYU’s Schack Institute of Real Estate, speaking generally, said it can be difficult to get projects that are “targeting the most income-constrained populations to pencil out.”“By design, we are limiting the income potential of those units, so we’re reducing the overall revenue and income of the project,” he said. Affordable rent is defined as no more than 30 percent of household income.Stringer’s plan acknowledges that his administration would shift from “focusing simply on building the most amount of housing,” but would instead “ensure that all new construction is for those most in need.”Contact Kathryn Brenzelcenter_img Full Name* Email Address* Tagslast_img read more

Questioning the WeSPAC, VC-backed Side and Compass face off

first_img Tags Some questions about the WeSPACIf at first you don’t succeed, try, try again: Two years after its failed IPO, WeWork is going public with a SPAC.The merger with BowX Acquisition Corp. — led by Vivek Ranadivé with Shaquille O’Neal as an advisor — values the embattled flex-office company at $9 billion including debt.That’s a fraction of WeWork’s $47 billion valuation in 2019, when it first attempted to go public. According to an investor presentation, WeWork will also get $1.3 billion in proceeds, including $800 million from investors Insight Partners, Barry Sternlicht’s Starwood Capital, Fidelity Management and others. (ICYMI, WeWork lost $3.2 billion last year.)ADVERTISEMENTAll this begs the question: Have we now reached peak SPAC?So far this year, 296 blank-check firms have gone public, raising $96.6 billion, according to SPACInsider. The amount is 7 times the IPO proceeds generated by SPACs in 2019.U.S. regulators are starting to ask questions. The SEC sent letters to Wall Street banks last week, seeking information on how underwriters are managing risk. And earlier this month, it warned investors not to invest in SPACs just because of celebrity involvement.In a statement, WeWork CEO Sandeep Mathrani sought to reassure the naysayers. “WeWork has spent the past year transforming the business and refocusing on its core,” he said. “As a result, WeWork has emerged as the global leader in flexible space with a value proposition that is stronger than ever.” Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink 3, 2, 1 … unicorn!Just five months after its launch, second-home startup Pacaso is a unicorn.The company, started by Zillow co-founder Spencer Rascoff and other former Zillow executives, said it raised $75 million at a $1 billion valuation — becoming the fastest U.S. company to achieve unicorn status.“Pacaso is lightning in a bottle,” said CEO Austin Allison. Greycroft and Global Founders Capital led the round, which brings Pacaso’s total funding to $90 million in equity, plus $1 billion in debt.Demand for second homes surged during the pandemic. In January, mortgage applications for second homes rose 84 percent year over year, according to Redfin. Allison said 500,000 people have visited Pacaso’s website to date. So far, 100 homeowners purchased a fraction of a second home, ranging in price from $2 million to $6 million.STAT OF THE WEEK$3.2BWeWork’s net loss in 2020 Notarize nabs $130M after revenue jumps 600%Ever scramble to get a document notarized? Us too.Online notary startup Notarize just raised $130 million to keep building an alternative to the analog process. The Series D — led by Canapi Ventures with participation from Alphabet, Citi Ventures and Wells Fargo — tripled Notarize’s valuation to $760 million, said CEO Pat Kinsel.He said 2020 was a year of explosive growth, with revenue up 600 percent from 2019. “It was clear when Covid hit that there was going to be extraordinary demand for our service,” he said.Notarize plans to use the funding to accelerate growth. Currently, 31 U.S. states allow online notarizations.Be a good Neighbor?A company looking to be the Airbnb for self-storage has raised $53 million to expand its network of hosts and renters.Neighbor.com helps people rent out extra space in their homes — i.e., basements, garages or attics. Fifth Wall Ventures led the Series B, with participation from DoorDash’s Tony Xu, StockX’s Scott Cutler and Andreessen Horowitz.Founded in Utah in 2017, Neighbor.com started working with individual hosts, but since Covid hit it has targeted landlords with extra retail or restaurant space, as well as big owners like Acadia Realty Trust and Jamestown. CEO Joseph Woodbury said there are “tens of millions” of unused spaces across the U.S.Desert mirage … or 3D-printed homes? Two California companies are teaming up to build a 3D-printed neighborhood in Coachella Valley.Palari and Mighty Buildings plan to build 15 homes on a five-acre parcel in Rancho Mirage, near Palm Springs.Mighty Buildings, which raised a $40 million Series B in February, prints out modular materials that are assembled like Lego blocks. It claims it can print 3D structures twice as quickly (and with 95 percent less labor hours) than conventional construction. Each home will be 1,450 square feet and made from a stone composite material, according to Palari CEO Basil Starr.The printed homes are more sustainable than traditional, wood-frame construction, which generates about “two tons of waste that goes into landfills,” Starr told CNN. “3D printing … eliminates that unnecessary waste.”Small bytes? Brazilian iBuyer Loft is valued at $2.2B after raising $425M.? Ivanhoe Cambridge is investing $85M in four funds managed by Fifth Wall Ventures.? Knotel tapped ex-WeWork executive Michael Gross as CEO, replacing co-founder Amol Sarva.? Lev Capital, an online real estate finance brokerage, raised $10M from JLL and Pete Flint’s NFX.? NYC startups raised $7.6B so far this year, putting it on track for a record, per Crunchbase.⏰ Instashowing, a home-tour startup, raised $1.5M from former Trulia and Zillow execs including Pete Flint, Greg Schwartz, Carey Armstrong, Austin Allison and others.? CrowdStreet is relocating its HQ to Austin from Portland, Oregon.? Auction.com promoted chief biz dev officer Ali Haralson to president.? BoomTown, a cloud-based marketing tool for agents, acquired transaction manager Brokermint. . . Click here to join the thousands of knowledgeable readers who subscribe to Future City.  “Pacaso is lightning in a bottle.”— CEO Austin Allison, after the startup was valued at $1 billion,five months after launching  Share via Shortlink Compass and Side are resi unicorns, but are they similar?No sooner did the venture capital-backed brokerage Side achieve unicorn status last week than the comparisons to Compass started rolling in.The firm, which targets “not all agents, just the best agents,” announced a $150 million round led by Coatue Management, putting its valuation at $1 billion. The capital will fund Side’s growth across the U.S., just as Compass pursues a long-awaited IPO at a $10 billion valuation.Neither firm pioneered the idea of a VC-backed brokerage, but both claim to empower agents with better tools. (Also, neither is profitable.)But here’s how they’re different. Compass has grown to 19,000 agents in 46 markets by elevating its own brand. Side is a white-label platform, meaning agents run their own brand and business while Side handles the back-end work.Compass is also chasing 20 percent market share in 20 top U.S. markets, and it spent $300 million on acquisitions between 2018 and 2020. Side limits the number of agents it works with in each market. Future CityProptechTechnologylast_img read more