Top News
Tackling topics ranging from leadership and race to office politics and millennials, Nationwide Insurance Co. EVP & Chief Administrative Officer Gale V. King and AT&T SVP, Human Resources & Chief Diversity Officer Cynthia G. Marshall held a revealing, powerful "From The Corner" master class. The fireside chat, conducted by BLACK ENTERPRISE President & CEO Earl "Butch" Graves, Jr. and hosted by Dell Technologies, offered attendees an insider’s view of how Corporate America operates at the highest level from two leaders who recently made BE’s Most Powerful Women in Business list. ( Black Enterprise)
Visit http://www.blackenterprise.com/b-e-exclusives/race-office-politics-really-happens-corner-office/ to view the full article online.
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While President Trump has stated he will not fill out a bracket for this year’s NCAA tournament beginning March 14th, millions of workers across the country will likely spend company time researching teams and making their picks. This activity could cost employers over $600 million, according to one more conservative estimate. More than 40 million Americans fill out tournament brackets, according to the American Gaming Association. Applying the current employment to population ratio to that figure, 23.7 million workers will fill out brackets for this year’s games. ( Challenger, Gray &Christmas,Inc.)
Visit http://www.challengergray.com/press/press-releases/booming-job-market-higher-wages-could-mean-march-madness-will-cost-employers to view the full article online.
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Career
Sometimes, these incentives work in ways managers intended them to. But there are ways in which these methods of performance pay can backfire, causing contentious behaviors among employees, complaints about unfair pay distribution, or overwork and stress. Although these critical issues represent real problems for many businesses, little progress has been made in gathering evidence on how different incentive pay schemes — performance-related pay, profit-related pay, and share ownership — might affect employee well-being. ( Harvard Business Review)
Visit https://hbr.org/2017/03/research-how-incentive-pay-affects-employee-engagement-satisfaction-and-trust to view the full article online.
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Diversity in the Workplace
USC professor Raphael Bostic made history on Monday when he was named president of the Federal Reserve Bank of Atlanta, becoming the first African American to lead one of the Fed’s 12 regional banks. The choice of Bostic, 50, director of the Bedrosian Center on Governance at USC’s Sol Price School of Public Policy, comes after members of Congress and advocacy groups have sharply criticized the central bank for a lack of diversity. ( Los Angeles Times)
Visit http://www.latimes.com/business/la-fi-bostic-atlanta-fed-20170313-story.html to view the full article online.
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International
Unemployment is falling almost everywhere. Wages aren’t rising much anywhere. From York, U.K. to Montreal, and Osaka to Seattle, it’s a pretty good time to be looking for a job as a member of the labor force in many developed countries. Unemployment rates in Group of 7 nations such as Canada, the U.S., Britain, Japan and Germany are nearing or even slightly below what officials describe as a maxed-out jobs market. ( Bloomberg)
Visit https://www.bloomberg.com/news/articles/2017-03-15/from-osaka-to-frankfurt-listless-wage-gains-remain-g-7-mystery to view the full article online.
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UK interest rates have been kept unchanged at 0.25% by the Bank of England's rate setting committee. However, one of the nine who sit on the Monetary Policy Committee (MPC), Kristin Forbes, expressed concern about inflation and voted to raise rates. ( BBC)
Visit http://www.bbc.com/news/business-39293002 to view the full article online.
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NBMBAA
March is Women’s History Month and we are celebrating women with MBAs! One lucky NBMBAA® member has the opportunity to win a FREE registration for this year’s conference in Philadelphia!
Visit http://www.nbmbaa.org/womenshistorymonth/ to view the full article online.
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Personal Finance
The Federal Reserve is expected to raise its key interest rate on Wednesday. It would be the second rate hike since December and a sign that the central bank plans to raise rates faster this year. One rate hike won't change the world but higher rates affect millions of Americans. If you have a credit card or savings account, want to buy a home or a car, and invest in stocks or bonds, pay attention. ( CNN Money)
Visit http://money.cnn.com/2017/03/14/news/economy/fed-rate-hike-interest-savings-mortgage-march/index.html?iid=SF_LN to view the full article online.
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Corporate America
Linda Johnson Rice is back in charge at Ebony magazine, after the exit last week of the African-American magazine company's CEO, Cheryl McKissack. Johnson Rice had remained chairman emeritus of Ebony Media Holdings after a sale last year of a majority stake to an Austin investment firm. Now she will become CEO of the holding company's Ebony Media Operations entity, which publishes Ebony and Jet magazines online and in print. ( Crain's Chicago Business Journal)
Visit http://www.chicagobusiness.com/article/20170309/NEWS06/170309856/ebony-ceo-post-back-to-linda-johnson-rice to view the full article online.
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Pepsi, Levi’s, and IBM were taking controversial stances on political issues long before Trump’s America was even a thing. With the president of the United States regularly taking aim at companies via his Twitter account, brands from General Motors to Nordstrom have found themselves unwittingly caught up in the political news of the day. ( Fast Company)
Visit https://www.fastcompany.com/3068778/eight-times-american-brands-got-political to view the full article online.
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