Home Blog Page 3222

Basta! Let Italians play Italians in movies, actor says

FERRARI (2023) -IMDB.COM

VENICE — One of Italy’s most famous actors, Pierfrancesco Favino, on Wednesday said Italian actors should be given a chance to play Italian roles in big international movies.

He didn’t mention any names but his plea came just a day before Ferrari was due to debut at the Venice Film Festival, with US actor Adam Driver playing Italian carmaker Enzo Ferrari and Spain’s Penelope Cruz playing his wife.

Two years ago, Mr. Driver played another well-known Italian, Maurizio Gucci, in Ridley Scott’s House of Gucci. Other Italian roles were taken by Lady Gaga, Jared Leto, Jeremy Irons, Salma Hayek and Al Pacino.

“I wish Italian actors … were more present in international movies where Italian characters are written,” said Mr. Favino, who was promoting his new Italian-language film Comandante, which opens the Venice Festival on Wednesday.

“I don’t have anything against huge American stars … (but) there are talented actors in our country. They are just waiting to be given the right roles,” he said, speaking in perfect English. — Reuters

Most banks now have sustainability transition plans or frameworks, BSP says

ABOUT 95% of banks have already submitted their transition plans or sustainable finance frameworks as part of the Bangko Sentral ng Pilipinas’ (BSP) sustainability agenda, an official from the regulator said.

BSP Assistant Governor Lyn I. Javier said at a briefing on Thursday that banks have submitted their transition plans or sustainable finance frameworks, with some lenders ahead in integrating sustainability principles into their operations.

“We have first-mover banks who are already well ahead in terms of adopting a sustainability agenda. They already have policies or a framework on sustainable finance, and they just have to enhance it based on the expectations of the BSP,” Ms. Javier said.

The BSP has been pushing its sustainability agenda to financial institutions as it seeks to mitigate climate risks by advocating green policies and practices.

Meanwhile, Ms. Javier said since 2017, banks have issued about $4.48 billion in sustainable bonds as of end-June 2023.

“These were actually intended to finance the needs of digital MSMEs (micro, small, and medium enterprises) and we have a bank that issued $100 million of blue bonds,” she said.

Financing for renewable energy by banks reached P243.6 billion as of end-September 2022, Ms. Javier added.

She noted that collaboration with various stakeholders will be needed in pushing for sustainability in the financial system.

“The information that the BSP is collecting right now is not designed to assess the climate risk exposure of financial institutions. We have to capture more information and also capacitate financial institutions in terms of assessing their risk exposures,” she said. — KBT

Meralco assures immediate response amid rains

MANILA Electric Co. (Meralco) on Thursday assured its customers of immediate response to power outages that may be experienced due to the southwest monsoon.

“As a 24-hour service company, we are ready to respond to these types of emergency. Our crews are on standby to attend to any trouble that may affect our facilities in areas that might be affected by the inclement weather,” Meralco Vice-President and Head Corporate Communications Joe R. Zaldarriaga said in a media release.

According to the state weather bureau Philippine Atmospheric, Geophysical and Astronomical Services Administration, Severe Tropical Storm Hanna (international name: Haiku) is enhanced by the southwest monsoon.

Mr. Zaldarriaga said the company had placed necessary measures, including the issuance of advisories on appropriate precautionary measures, to mitigate the possible impact of monsoon rains.

Meralco also requested billboard owners and operators to temporarily roll up their billboards to prevent the structures from toppling due to strong winds.

At the same time, the company advised its customers to continue practicing electrical safety measures such as turning off the main electrical power switch or circuit breaker and unplugging appliances from wall sockets.

It also said that customers should make sure that all electrical wires, connectors, and other wiring devices are completely dry.

“When all electrical wires and accessories have been dried and are clean, the wiring system of all appliances must be checked by a licensed electrician. Do not turn on flood-damaged electrical appliances,” Meralco said.

Meralco’s controlling stakeholder, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT Inc.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in BusinessWorld through the Philippine Star Group, which it controls. — Sheldeen Joy Talavera

Michael Cinco’s Metaverse Fashion Gala unveils a new era of couture

MICHAEL CINCO (center) with models.

It is with great excitement and anticipation that I bring to your attention an event that promises to redefine the very fabric of fashion as we know it. On Sept. 18, at the Marriott Grand Ballroom, Newport World Resorts Manila, a groundbreaking spectacle is set to unfold — the first-ever Metaverse Fashion Gala, a highlight of the Philippine Blockchain Week.

Allow me to introduce the visionary force behind this revolution: none other than the internationally renowned Filipino fashion designer, Michael Cinco. Renowned for his exquisite designs, which have graced royalty and adorned celebrities such as Beyonce, Jennifer Lopez, and Lady Gaga, Cinco is ready to embark on an unprecedented journey into the digital realm of fashion. And he’s doing so with a purpose — to transcend the barriers that separate the physical from the digital and lead us into the Metaverse era.

For me, it’s an honor to be part of this transformative event, a convergence of two worlds — fashion and technology — as they intertwine and form something extraordinary. As Cinco himself aptly states, “Fashion has always been about redefining barriers, and right now, there’s no bigger barrier than taking what’s physical into the digital.” This sentiment captures the very essence of this gala, where couture transcends tangible constraints and ventures into the realm of avatars and blockchain.

What makes this event truly remarkable is not just the fusion of fashion and technology, but the exquisite craftsmanship and innovation that Michael Cinco brings to the virtual runway. Imagine witnessing his signature designs materialize before your eyes, draped over the avatars of digital models, each pixel radiating the same elegance that has adorned red carpets and international events. It’s a moment that will blur the line between reality and the virtual, inviting us to reimagine the concept of couture.

This gala marks a convergence of two remarkable forces: the visionary designs of Michael Cinco and the transformative power of blockchain technology. Just as Cinco’s designs push the boundaries of traditional fashion, blockchain challenges conventional paradigms of ownership and authenticity. Each stitch, each bead, each digital rendering — all secured and verified through the immutable ledger of the blockchain.

The concept of digital fashion is not entirely new. We’ve seen the rise of virtual fashion weeks, where designers transcend geographical limitations and showcase their collections to a global audience hungry for innovation. Yet, what sets this event apart is the seamless integration of technology with a designer whose opulent creations have graced some of the world’s most prestigious stages. Cinco’s journey into the digital world is more than a showcase; it’s a testament to the limitless possibilities that lie ahead.

Beyond the glitz and glamour, this event carries a deeper purpose. A portion of the proceeds from the Metaverse Fashion Gala will support critical causes — the conservation of endangered species through the World Wildlife Fund, the empowerment of children on the autism spectrum through the Global Spectrum Initiative, and the creation of better opportunities for the youth through the Global Reskilling Movement.

The significance of this gala extends beyond the Metaverse itself; it’s a representation of Filipino creativity, innovation, and philanthropy. As a representative of the Blockchain Council of the Philippines, I couldn’t be prouder to witness this milestone that exemplifies how the worlds of blockchain and creative excellence can seamlessly intertwine.

I invite you to join us on this unprecedented journey, where fashion transcends physical boundaries, and technology breathes life into artistry. Secure your place at the Michael Cinco Metaverse Fashion Gala, an event that promises not only an exclusive experience but a glimpse into the future — a future where the unimaginable becomes reality.

For reservations and inquiries, visit pbw.ph/mc or e-mail info@pbw.ph.

 

Dr. Donald Lim is the founding president of the Blockchain Council of the Philippines and the lead convenor of the Philippine Blockchain Week. He is also the Asian anchor of FintechTV.

Elon Musk’s X can’t beat lawsuit claiming age bias in layoffs

REUTERS

A CALIFORNIA federal judge has refused to dismiss a lawsuit accusing X, the social media service formerly called Twitter, of disproportionately laying off older workers when Elon Musk acquired the company last year.

US District Judge Susan Illston said on Tuesday that the plaintiff in the proposed class action, John Zeman, had provided enough evidence that the mass layoffs had a greater impact on older employees to continue pursing the case.

Mr. Zeman, for example, claims X laid off 60% of workers who were 50 or older and nearly three-quarters of those who were over 60, compared with 54% of employees younger than 50.

Ms. Illston ruled that the federal law banning workplace age bias allows plaintiffs to bring so-called “disparate impact” claims in a class action, an issue that has divided courts.

The judge dismissed a claim that X intentionally targeted older workers for layoffs, but gave Mr. Zeman a month to file an amended lawsuit fleshing out that claim.

Shannon Liss-Riordan, Mr. Zeman’s lawyer, said “this decision validates the arguments we are making that the discrimination claims can go forward.”

X did not respond to a request for comment.

The lawsuit is one of about a dozen X is facing stemming from Mr. Musk’s decision to lay off about half of Twitter’s workforce beginning in November.

Those cases include various claims, including that X laid off employees and contractors without the required advance notice and that Mr. Musk forced out workers with disabilities by refusing to allow remote work and calling on employees to be more “hardcore.”

At least two lawsuits claim the company owes ex-employees at least $500 million in severance pay.

Twitter has denied wrongdoing in those cases.

Liss-Riordan also represents about 2,000 former Twitter employees who have filed similar legal claims against the company in arbitration. — Reuters

ABBA’s Agnetha to release new single ‘Where Do We Go From Here?’

STOCKHOLM — ABBA star Agnetha Faltskog said she will release a new single on Thursday, relaunching her solo career at the age of 73.

Mr. Faltskog, lead singer alongside Anni-Frid Lyngstad of the hugely successful Swedish pop band which formed in 1972, released her last solo album a decade ago.

“World Premiere of ‘Where Do We Go From Here? on @bbcradio2 with @zoetheball – tune in on Thursday 31st August from 8:30am (BST),” she said on the social media platform late on Tuesday.

ABBA won legions of fans around the world with enduring hits such as “Dancing Queen” and “Fernando” and triumphed at the 1974 Eurovision Song Contest with their performance of “Waterloo.” — Reuters

CX landscape in the financial services industry

In the Philippines, the financial services industry is experiencing a profound transformation in its approach to customer experience (CX). Fueled by advancements in technology, changing consumer expectations, and a competitive landscape, financial institutions are reimagining their strategies to provide seamless, personalized, and convenient interactions with their customers.

One observable strategy of financial institutions is the shift toward customer-centricity. The traditional approach of financial institutions, characterized by bureaucratic processes and limited customer engagement, is undergoing a radical shift. Customer-centricity has become a guiding principle, urging organizations to prioritize the needs, preferences, and convenience of their customers.

This is coupled by the adoption of strategies on digital transformation. The proliferation of digital technology has empowered financial institutions to offer highly personalized services to their customers. Online banking platforms and mobile apps have become essential tools for customers to access their accounts, make transactions, and manage their finances at their convenience. Institutions are utilizing data analytics and artificial intelligence to analyze customer behavior and preferences, allowing them to tailor product recommendations and service offerings.

For instance, some local banks launched their “lifestyle” programs, which use transaction data to categorize customers’ spending patterns. This enables the banks to provide personalized lifestyle perks and rewards, enhancing the overall CX.

The emergence of fintech startups is also challenging traditional financial institutions to innovate rapidly. These startups often focus on addressing pain points in the customer journey that have long been neglected.

Several fintech companies offer digital wallets that allow users to buy prepaid load, pay bills, and transfer money. These platforms have gained immense popularity due to its user-friendly interface and its ability to provide essential financial services to underserved populations.

Financial institutions are likewise investing in improving their customer support services through digital channels. Chatbots and AI-powered virtual assistants are becoming commonplace, providing instant responses to customer queries, and assisting with basic transactions. This not only enhances efficiency but also ensures round-the-clock availability. Several banks have implemented AI-powered chatbots that address customer inquiries and provide information on services, accounts, and transactions.

What bodes well for financial services customers in the Philippines is the support of regulatory bodies such as the Bangko Sentral ng Pilipinas (BSP), which are actively working to enhance CX through regulatory measures. These measures aim to ensure transparency, fairness, and security in financial transactions.

For example, the BSP introduced the National Retail Payment System (NRPS), which promotes interoperability among different payment channels and helps facilitate faster, safer, and more convenient financial transactions for customers.

The BSP is also taking proactive steps to facilitate the adoption of open banking in the Philippines. The BSP’s Circular No. 1105 outlines guidelines for open banking and sets the stage for the development of a secure and standardized ecosystem for data sharing. Open banking dismantles the traditional model where a single bank holds all of a customer’s financial data. Instead, it allows customers to grant permission for their data to be shared across multiple institutions. This sharing of data empowers customers with more choices and enables them to access a wide range of financial products and services from various providers, all within a single interface.

While significant progress has been made, challenges persist in delivering a consistently exceptional CX. Cybersecurity concerns, data privacy regulations, and the digital divide are factors that need to be addressed to ensure that all customers can benefit from these advancements.

In the future, as technologies like blockchain, biometrics, and advanced analytics continue to mature, the potential for even more seamless and secure customer interactions in the financial services industry will expand.

The financial services industry in the Philippines is indeed undergoing a remarkable transformation in its approach to CX. Digital transformation, fintech disruption, personalized services, and regulatory measures are all contributing to a more customer-centric landscape. As financial institutions continue to innovate and embrace technology, the future holds the promise of further enhancing CX, fostering financial inclusion, and ultimately shaping a more accessible and efficient financial ecosystem.

 

Reynaldo C. Lugtu, Jr. is the founder and CEO of Hungry Workhorse, a digital, culture, and customer experience transformation consulting firm. He is a fellow at the US-based Institute for Digital Transformation. He is the chairman of the Digital Transformation IT Governance Committee of FINEX Academy. He teaches strategic management and digital transformation in the MBA Program of De La Salle University. The author may be e-mailed at rey.lugtu@hungryworkhorse.com

MPIF urges nature-based solutions and science in mitigating climate change’s impact

CLIMATE change has been bringing intensifying typhoons, rising sea levels, warmer temperatures, and drought, prompting urgent action by supporting coastal communities.

This was the message of Metro Pacific Investments Foundation (MPIF) as it highlighted the critical role played by nature-based solutions and science in mitigating its effects.

MPIF President Melody del Rosario presented the vulnerability of the Philippines, a country located in the typhoon belt and the ring of fire, as well as the various risks it faces.

She delivered the message during the Dive Resort Travel international show in Manila on Aug. 18-20. She said urgent action is via an environmental program called Shore it Up.

Ms. Del Rosario said Shore it Up board of advisors sets the direction of science-based approaches and nature-based solutions.

She said the use of nature-based solutions, such as mangrove propagation and information centers, harness the power of nature to combat climate change while also enriching biodiversity, protecting ecosystems, and benefiting local communities.

By implementing these solutions, not only can global temperatures be limited, but climate-resilient communities that flourish alongside nature can also be built.

Ms. Del Rosario urged individuals and organizations to embrace and adopt sustainable solutions to protect coastal communities and build a more resilient future.

MPIF seeks to complement Metro Pacific Investments Corp.’s commitment to nation-building by implementing programs that benefit communities, organizations, and families in areas in which the group’s portfolio companies operate.

Boomers against the world

FREEPIK

You’ve likely seen the social media pictures: old guys, very angry, eyes ablaze, nostrils flaring, pointing fingers, threatening someone. The ridiculousness of the imagery lent itself to natural viral status and the countless memes that followed.

But it does raise an interesting question: Why are these old Boomers so angry?

First off, the pictures are indeed funny: they practically look the same, with the invariably ludicrous expression on their faces: practically of uniform senior citizen age group (nearing retirement or recently retired), fat bellied, flabby mouthed, balding or nearly bald.

Yet it is also the somewhat identical personality of the objects of their ire that perhaps is the more telling: young men, slim, fit, relatively materially comfortable, mobile, with all the articulate confidence of today’s youth.

Which in a way explains the obvious insanity of those Boomers’ responses. After all, while indeed talkative young men who answer back with all their ignorance and inexperience, annoying young drivers, and obnoxious cyclists perhaps do deserve a dressing down, no sane world would ever consider the shooting of them dead or having a gun pulled on them as remotely acceptable.

And yet social media seems to indicate a proliferation of such instances. Is there really some sort of animosity between Boomers and Millennials (including Gen Zs)? According to science (a term, ironically enough, beloved of Boomers, particularly during the pandemic lockdowns), the answer seems to be: Yes.

Mind you, this discussion of course will deal with generalizations. Which logically means that we’re talking of just enough to merit observation but definitely not declaring its applicability to all. To reword it more emphatically: while there may be some indications of Boomer hostility towards the young, it does not mean that all Boomers do or that most of them will act on that hostility.

With that, one recent study (“Millennials Versus Boomers: An Asymmetric Pattern of Realistic and Symbolic Threats Drives Intergenerational Tensions in the United States,” S. Francioli, et. al., May 2023, pubmed.ncbi.nlm.nhi.gov/37133238/) found indeed that “Millennials and Baby Boomers do express more animosity toward each other than toward other generations.” One reason is traceable to the fact that “many Baby Boomers have expressed the desire to remain in the workforce longer and some see Millennials — viewed by employers as cheaper and more adaptable — as standing in their way.” In this regard, it’s safe to say that not only Millennials and Gen Z but also the normally quiet Gen X do find the “Baby Boomers’s delayed transmission of power hamper[ing] their life prospects.”

Even more significant is that Baby Boomers see themselves as possessed of iconic status, supposedly one of the greatest generations in history, and thus view the younger generations’ insufficient reverence towards them a deep insult to their “cultural legacy.” “Older generations often expect younger ones to respect, honor, and preserve their way of life, a desire potentially amplified as one’s generation approaches an unavoidable numerical decline. In a context where Millennials have long been depicted as challenging the norms and values of previous generations, Baby Boomers may see Millennials as a threat to the cultural imprint they wish to leave.” For that reason, such “symbolic concerns” constitute a “primary driver of Baby Boomers’s hostility toward Millennials.”

Yet one can’t help but also feel that beneath all this is a foundation consisting of entitlement and self-centeredness. Hence, one commentary (“Why Are Baby Boomers So Angry?,” VanNatta Public Relations, February 2020) pointed to the fact that, after six long decades of the 1950s-60s Generation calling attention to themselves and how cool the hippie and disco eras were, they are now “angry” because they feel they’re “missing out.” On “fun, vacations, and buying nice things [that] had been delayed until there was enough money to help children with school and pay off bills. Now Boomers are faced with their own health issues, elderly parents, and/or young adult children in need — further delaying dreams.”

This problem is exacerbated when such narcissism leaks into the realm of public policy. The bizarrely nonsensical two-plus year total lockdown happened, in part, because of the reluctance to craft a policy that recognizes the fact that COVID-19 seriously affects those 60 years old and above (as well as those with comorbidities), while generally leaving the healthy 20-year-olds and below practically unscathed. Hence, when “major media have reported experts’ warnings that the elderly, starting at age 60, are extra vulnerable,” the reaction from that age range was almost of collective horror: “Wait, what? I’m in a high-risk group? I’m perceived as elderly?” (“With the novel coronavirus, suddenly at 60 we’re now ‘old’,” The Washington Post, June 2020).

So, while socio-political commentaries can point to the rise of criminality, lack of accountability, government corruption, an elitist class system protective of the establishment, while lectures can be made about the deteriorating social contract amidst a cramped urban landscape beset by a polluted environment, perhaps the story is simple as it is pathetically banal.

Of the formerly young, previously the center of attention in their family, barkada, barangay, or college, who used to lord it over the dance floors of old, considered honored guests for whatever government or business position they had, now suddenly seeing themselves passed over, of promotions that never came, more and more being ignored, no more the honored seat at parties, no more the obsequious speeches thanking them during gatherings, as the younger, healthy, and able Millennials and Gen Zs pass them by and suck the attention away from them.

Sooner or later the Boomers know they’ll have to step aside for a generation they perceive as having grown up amidst ease and comfort, with all the amenities of social media, tech gadgets, choice consumer goods, on demand gratification, with greater opportunity for travel, or simply just greater opportunities.

Hence, the nearly deranged disproportionate reactions: the lashing out, the lashing out at the young that will taste the pleasures such Boomers feel they’re now deprived of, the lashing out at supposedly not being given the deference or respect they oddly think they deserve, the lashing out at a society they believe has not rewarded them enough and is now unceremoniously setting them aside.

To that, perhaps the only proper response is: Oh, grow up!

 

Jemy Gatdula is a senior fellow of the Philippine Council for Foreign Relations and a Philippine Judicial Academy law lecturer for constitutional philosophy and jurisprudence

https://www.facebook.com/jigatdula/

Twitter  @jemygatdula

Late-night TV hosts join on podcast to help striking writers

STRIKE FORCE FIVE — SPOTIFY

LOS ANGELES — An all-star lineup of late-night television hosts are uniting to chat about Hollywood’s ongoing labor disputes on a new podcast, a group effort to raise funds for their striking staff writers.

Stephen Colbert, Jimmy Fallon, Jimmy Kimmel, Seth Meyers, and John Oliver will take part in the podcast that debuted on Wednesday called Strike Force Five, according to a statement from streaming service Spotify. All five will appear on each episode and they will take turns as host.

The roughly 11,500 members of the Writers Guild of America (WGA) went on strike in early May after failing to reach a new labor agreement with the major Hollywood studios that produce films and TV shows. The SAG-AFTRA actors union, Hollywood’s largest union with 160,000 members, walked off the job in July.

Without teams of writers to pen topical jokes, the late-night shows have been airing re-runs for nearly four months.

The five hosts have been meeting weekly over Zoom “to discuss the complexities behind the ongoing Hollywood strikes,” Spotify said, and the new podcast will allow fans to “listen in on these once-private chats.”

Spotify said Strike Force Five will be available on most major podcast platforms and run for at least 12 episodes. Mr. Kimmel — in a post on social media platform X, previously known as Twitter — said the podcast would continue “for the remainder of the strike.”

All proceeds will go to the writers of the late-night shows, Spotify said. — Reuters

Difficult questions for shortlisted job candidates

We have two candidates vying for the post of vice president. The chief executive officer (CEO) told me that the difference between the two is almost zero. Instead of tossing a coin, the CEO asked me to formulate at least 30 difficult questions to help break the tie. Could you help me with the list? — Orange Juice.

It’s unusual for job applicants to tie in an evaluation process. Take a second look at their respective qualifications and you will likely see that one has an advantage over the other. Decide based on what’s important to your CEO. Is it education? Length and depth of experience? Age? What else?

How about gender, which could cause you legal issues if you express a preference in your job ad? About 28 years ago. I was one of the two shortlisted candidates for the post of vice president for human resources at a Japanese multinational.

I was confident at the time because I speak a little Japanese and knows the culture. Two years earlier, I completed a year-long management fellowship sponsored by the Nikkeiren International Cooperation Center in Tokyo. I met a panel of interviewers composed of five or six department managers, including a female manager and the Japanese CEO who asked me a lot of difficult questions.

They included this question: “There are only two candidates now. The other one is a female applicant. If you’re in our position, which one would you choose?” Gender equality was not yet a top-of-mind issue at the time, at least not among Japanese businesses. Even today, the Japanese are notorious for paying female executives less compared with their male counterparts.

I remember giving them my answer favoring a male candidate that unmasked me as a chauvinist. After a couple of questions, the panel interview was completed. Result? I failed to get the job. The reason? I don’t know. What I know was the woman who got the job resigned in less than two years.

DIFFICULT QUESTIONS
It’s easy to list many difficult interview questions. The critical part is tweaking these questions to match the job requirements. The desired outcome is finding a candidate that matches the job description, can meet the performance standards, who is up to the job’s unique challenges.

Obviously, you don’t have to repeat the questions you raised early in the interview process. Instead, explore the most difficult, open-ended questions, which you must systematically arrange according to the job requirements you consider most important. At any rate, it wouldn’t hurt if your selection process surfaces the following qualities to determine whether the candidate has what you’re looking for:

One, leadership. What’s the most difficult issue you have faced in your current job? What was your relationship with your CEO like? How did you manage it? What is the number one reason for your success? How do you create a situation that produces effective teamwork? Describe an unpopular decision you have had to make at work. How did you resolve any issues that emerged?

Two, management style. Describe any lessons you have taken to heart from a management guru. What level of control do you prefer in managing your direct reports? What special trait defines your management effectiveness? In what ways have the management practices of your boss interfere with your job? How would you handle a subordinate who contradicts your instructions?

Three, two-way communication. Give specific examples of communication issue you’ve experienced. How often do you communicate with your direct reports? Discuss a situation that required excellent communication skills. How would you choose between communicating via a face-to-face meeting or by e-mail? Who is more important — the employee or the customer? How would you deal with an employee who thinks he’s always right?

Four, decision-making. What’s the most difficult decision you’ve made? When you make a wrong decision, how do you rectify it? What kind of decisions are difficult for you? Tell me about a complex issue that you’re had to manage. Describe a situation when you failed to accomplish a task because of procrastination. What tool do you fall back on to make effective decisions?

Five, performance management. How would you handle performance evaluation of your direct reports? How would you go about hiring a subordinate? How would you improve the hiring process to ensure the best candidate is selected? What’s the most common reason you’ve encountered for terminating an employee? How would you handle a problem worker?

In conclusion, think of how you will close the final interview. In fairness to all applicants, allow them to ask questions and be ready when they ask about things like the reason for this vacancy, why you are hiring from outside and not elevating an internal candidate. Are there issues with your succession plan?

 

Join Rey Elbo’s Japan Study Tour on the Toyota Production System (TPS). Visit Toyota City on Oct. 15-21, 2023 and learn firsthand many lessons that you can’t get from books or other sources. For details, chat with him via Facebook, LinkedIn, X (Twitter) or e-mail elbonomics@gmail.com or via https://reyelbo.com

National Government fiscal performance

THE NATIONAL Government’s (NG) budget deficit shrank by 44.89% in July, amid double-digit growth in revenues and expenditures, the Bureau of the Treasury (BTr) said. Read the full story.