NYSE to suspend activity on trading floors | Employees don't change jobs as much as you might think | A checklist for your internal communications on coronavirus
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The New York Stock Exchange will temporarily close options and equities trading floors in New York and an options trading pit in San Francisco and shift to 100% electronic trading starting Monday. The exchange says a trader and an employee have tested positive for the coronavirus.
It is commonly believed that today's employees are more prone to switching jobs, but a recent working paper casts doubt on that assumption. Still, employers can take several steps to improve retention now and in the future.
Technology provider Cisco has agreed to pay $4.75 million to settle a pay discrimination claim with the US Department of Labor. The claim alleged female, black and Latino employees are paid less than employees who are white and male who perform similar jobs.
HR departments need to be talking with IT before buying technology so that employees aren't overwhelmed with too many tools, says Josh Bersin, founder of the Josh Bersin Academy. "We have GDPR, we want to make sure the data's consistent and we don't have different data elements being collected in different places or replicated data in different places," he adds.
HR should focus on improving the employee experience, developing a talent mobility strategy, examining recruiting technologies and maximizing the use of people analytics, writes Josh Bersin, who offers 10 actions to take. "In the 2020 world of business, HR professionals have to be full-stack HR practitioners," he writes.
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