Labor department inspections to continue for fireworks firms
LABOR Secretary Silvestre H. Bello said the department will continue to inspect labor conditions at firecracker manufacturers and pyrotechnic businesses despite his decision to suspend such inspections for the holidays.
High taxes could hasten bank moves from Britain after Brexit
LONDON -- Britain risks driving banks overseas if current high levels of taxation on the industry are maintained after Brexit, a bank lobby group said on Wednesday.
Investors revolt against executive pay plans at Australian banks
SYDNEY -- Shareholders voted against the executive remuneration plans of two of Australia’s biggest banks on Wednesday following misconduct revelations that have swept through the country’s financial sector.
Uber loses latest UK legal bid to block worker rights
LONDON -- Uber has lost its latest court bid to stop its British drivers being classified as workers, entitling them to rights such as the minimum wage, in a decision which jeopardizes the taxi app’s business model.
Why some managers are impotent on money matters
By Rey Elbo
I’m a department manager for a major corporation that has averaged P700 million in net revenue in the past five years. What I cannot understand is that all managers are not allowed to make any independent decisions on disbursements as small as P500 for a single transaction. Our decisions on money matters are treated only as recommendations that need the approval of a high-ranking officer, like our vice president. On the other hand, my wife who works for a small corporation has the final authority to sign for as much as P100,000 provided that such expense is covered by a budget. Can you please enlighten me on this? – Pathetically Sad.
P&A whistle-blowing service targets fraud
P&A GRANT THORNTON said it has upgraded its online subscription-only platform for whistle-blowers reporting fraud, known as the ProActive Hotline.
BPO industry to offer workers online tech courses
THE Information technology and Business Process Association of the Philippines (IBPAP) said it launched a new platform to offer online coursework to industry employees, allowing them to upgrade their skills and prepare them eventually for higher-value jobs.
Hyundai Motor unveils sweeping executive reshuffle
SEOUL -- South Korean conglomerate Hyundai Motor Group shook up its executive ranks on Tuesday and appointed its first foreign head of research and development, raising expectations of a smooth transition of power at the family-run business empire.
Supervisor refuses to dismiss an erring worker
By Rey Elbo
I’m the human resource manager of a small restaurant business. Our problem is the competence of our supervisors, in particular the case of Supervisor Dave (not his real name) who has a direct report who was found to have committed a serious offense. The same policy requires that the violator be dismissed after due process. However, Dave refuses to initiate disciplinary proceedings. Instead, he claims that the job belongs to the HR department. Of course, having read many of your articles, I know that employee discipline is the job of line supervisors and not HR, a management staff department. How do we coerce Dave and other similarly-situated supervisors to do their job? -- Exasperated.
PHL employer health care cost growth rising faster than region
EMPLOYER-PROVIDED health care benefits in the Philippines are expected to grow at an higher rate relative to the Asia-Pacific average next year, Willis Towers Watson said.
MBC says security of tenure law must respect businesses’ rights
MAKATI Business Club (MBC) Chairman Edgar O. Chua called for the rights of management to be respected as the government urges legislators to pass the Security of Tenure (SoT) Bill.
China’s Didi announces reorganization plan to address safety after two deaths
SHANGHAI -- Chinese ride-hailing firm Didi Chuxing on Wednesday announced a reorganization plan aimed at improving safety on its platform, as it works to address public and government concerns raised after the murders of two of its users.