According to the World Economic Forum, the global labor market will have created 2 million new jobs by 2020, yet at the same time, 7.1 million will disappear. The new jobs will appear in intellectual and high-tech sectors, while real sector and sphere of administrative will shrink. Researchers believe that there will be two groups of factors to influence the labor market: social and demographic...

General Director of Wells Fargo, John Stumpf, resigned because of a scandal, during which it became clear that the bank's employees open accounts and credit cards without consent of customers. The bank has already been fined $ 185 million, and more than 5 thousand of its employees were fired. Several states are now carrying out an investigation against Wells Fargo. Timothy Sloan, current...

Every tenth employed American works from home at least once a week, according to CarInsurance’s infographic. Telework is gaining popularity - number of labor force in the US increased by only 3% over the last 7 years, while number of remote workers over the same period grew by 66%. Overall, about half of working Americans, that is 64 million people, have a possibility to work remotely at least...

All managers are different yet they all have similar problems. How to evoke a sense of responsibility among employees? What to do with work avalanche? Do I need to be friendly with subordinates? Manager with years of experience Denny Strigl and business consultant Frank Swiatek tried to answer the most important questions in their book ‘Managers, Can You Hear Me Now?’. A few tips you can use...

Wealth of American billionaire Warren Buffett decreased by $ 1.4 billion since Wells Fargo & Co’s share price dropped by 3.3%. The fall occurred amid a scandal around the bank's employees, who opened more than 2 million accounts without consent of customers, reports Bloomberg. At the close of trading, shares of Wells Fargo were traded at $ 46.96 per share. This reduced market cap of the bank...

Amancio Ortega, a founder of Inditex holding (Zara, Pull & Bear and Massimo Dutti), outflanked Bill Gates in Forbes’ ranking of richest billionaires in the world. According to the newspaper, his wealth was $ 78 billion on the Friday night, which is $ 100 million more than that that of Microsoft’s co-founder. According to Forbes, it’s not the first time when Ortega has got ahead. This happened...

In the first half of the year, Lego’s profits decreased by 1.8% and amounted to 3.5 billion Danish kroner (523 million dollars). The Danish company said it has become a victim of its own popularity. Demand for well-known Lego toys was so huge that the company couldn’t cope with influx of orders. The group decided to expand production capacity and hire additional staff in China, Mexico and...

A few months ago, participants of the World Economic Forum in Davos named a list of skills that will be popular in 5 years. What the experts say? Let's look and see what's what. 1. Complex problem solving. The most popular will be those who practice a system, holistic approach to solving any problems; fight with not consequences but causes of problems. 2. Critical thinking. Critical thinking,...

Japan's Sharp Corporation will hold a large-scale restructuring to return the business to a profitable level, and restore confidence in the consumer electronics brand. New CEO of Sharp Tai Jeng-wu said that his mission "as Sharp’s leader is to turn situation in the company for better without delay".  Tai Jeng-wu chaired Sharp after Taiwan's Foxconn Technology Electronics bought the...