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Forget Job Titles: 7 Reasons To Take A Skills-Based Approach To Hiring Talent

March 27, 2023 by www.forbes.com

Share to Twitter Share to Linkedin By Meredith Bryan Scan any resume, and take note of what pops: job titles, company names, college degrees. But in today’s competitive labor market, businesses need workers with the right skills to do the job, not workers who’ve negotiated prestige titles that can mean different things at different organizations. Out-of-date job titles and requirements only serve to limit applicant pools in a moment when hiring managers are striving to attract and retain diverse, high-quality talent. Instead, recent research shows that a candidate’s skills are 5x more predictive of their job performance than hiring for education. “The future of work is all based on skills,” says Joseph Hanna, chief product officer at Magnit, a leading integrated workforce management platform. Innovative companies like Magnit are leveraging data and new technologies to facilitate this broader shift toward skills-based hiring, which will … [Read more...] about Forget Job Titles: 7 Reasons To Take A Skills-Based Approach To Hiring Talent

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Layoffs At Disney Will Start This Week, CEO Bob Iger Says

March 28, 2023 by www.chiangraitimes.com

(CTN News) Disney CEO sent a memo this week stating that layoffs will begin this week, resulting in about 7,000 job cuts before the summer season. By cutting corporate spending, free cash flow is being increased as a result of the cuts, and corporate spending is being reduced. The company announced last month that it plans to reduce its costs by $5.5 billion, including $3 billion in content expenses. The company is beginning to notify employees whose positions have been affected by the workforce reductions this week, according to a memo obtained by CNBC, about the changes. The first group of impacted employees will receive the news directly over the next four days, and they will be notified directly of the news. It is expected that several thousand more staff reductions will be announced in April, and we expect to begin notifying employees about the final round of job reductions before the summer. A layoff announcement was first made in February. ESPN, Disney’s parks … [Read more...] about Layoffs At Disney Will Start This Week, CEO Bob Iger Says

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Ten Questions With OpenAI On Reinforcement Learning With Human Feedback

March 27, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Recently, we interviewed Long Ouyang and Ryan Lowe, research scientists at OpenAI . As the creators of InstructGPT – one of the first major applications of reinforcement learning with human feedback (RLHF) to train large language models – the two played an important role in the evolution of RLHF models and paving the way for GPT-4. Here are some highlights from the conversation. What's the motivation behind InstructGPT? And what are the problems with GPT-3 that inspired InstructGPT? Long Ouyang: I think one of the main issues we’re trying to solve is that when GPT-3 came out there was a lot of excitement about using it to do useful cognitive work, for example, summarizing a news article. Out of the box it’s not exactly designed to do that, it’s designed to predict what someone on the internet might say in a given setting. And it turns out that you can kind of trick the model into performing useful work for you … [Read more...] about Ten Questions With OpenAI On Reinforcement Learning With Human Feedback

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‘Succession’ Season 4, Episode 1 Review: Rummage Sale

March 27, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Succession is back for its fourth and final season and that makes me both tremendously happy and a little bit sad. Happy to get one more delicious season of family drama, backstabbing and plotting that makes House Of The Dragon almost look tame by comparison; sad that it’s almost over, of course. I could handle a couple more seasons of Succession. In any case, there’s blood in the water. Logan Roy is making his last gambit and the sharks are circling. Who will end up sitting on the Iron Waystar RoyCo Throne? Who will bend the knee? Let’s talk about it. The Revenge Of The Kids When we left off at the end of Season 3, Logan Roy (Brian Cox) had just made a surprise play. After meeting with GoJo creator Lukas Matsson (Alexander Skarsgard) the Roy patriarch decided that now was the time to sell rather than acquire. Matsson would take over both companies—instead of one of Roy’s idiot children—and Logan would walk away … [Read more...] about ‘Succession’ Season 4, Episode 1 Review: Rummage Sale

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NRRP: The Italian National Recovery And Resilience Plan

March 27, 2023 by www.forbes.com

Share to Twitter Share to Linkedin In the pompous language that so distinguishes all acts of public administration in Italy, this is the name given to the special Plan that, thanks to a generous injection of European funds, should heal the wounds caused by Covid and, above all, allow Italy to relaunch and definitively modernize. The Plan is an ambitious one, the resources are huge (235 billion combining European funds and Italian contributions), the opportunity is unique. Its declared aim, to be achieved through a series of interventions including public works, regulatory adjustments, and so on, amounts to three “transversal priorities”: equality of gender, of territory and of generation. In other words, aside from the pomposity of the language, the intent is principally to reduce the economic and social gap between the North and South of the country in order to favor the entry of women and younger people in the job market. The voluminous NRRP document also … [Read more...] about NRRP: The Italian National Recovery And Resilience Plan

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How To Alleviate The Middle Manager Squeeze During A Restructuring

March 27, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Christine Tao is CEO & Co-Founder of Sounding Board , helping companies grow their leaders through scalable, personalized leadership coaching It’s rough out there right now. Boards and investors are pressuring companies to tighten their belts, leading to massive layoffs across the tech industry and beyond—nearly 125,000 employees were laid off last year, according to Forbes’ layoff tracker , and the totals for 2023 keep growing each week. In 2009, I was laid off from Google during the "Great Recession.” I went from landing my dream job to the very real possibility of moving back into my parent’s house, along with a mountain of student debt. At the time, I was crushed, but ultimately, this unexpected turn of events is what led me to co-found my company, Sounding Board. I know stories like mine can feel flippant to those who are experiencing the very real challenges and hardships associated with the … [Read more...] about How To Alleviate The Middle Manager Squeeze During A Restructuring

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As Adobe Shows Its Generative AI Hand, Hollywood Grapples With Changing World

March 28, 2023 by www.forbes.com

Share to Twitter Share to Linkedin It was fitting that Adobe ADBE chose Las Vegas this past week to announce Firefly, its entry in the red-hot generative artificial-intelligence race. As one corporate consultant working the exhibition hall put it, such generative AI functionality is now “table stakes” for every big tech firm, a minimum (if hefty) bet that is quickly becoming a must-have for both customers and investors. Firefly is very much in beta still, as Adobe executives repeatedly emphasized. Would-be users must sign up online, and will be given access over the coming weeks to tools that make it easy to swap in image backgrounds, products, props, colors, marketing text and more, then quickly create and publish multiple variants for other platforms. Firefly’s launch represents another big, if still preliminary step, putting Adobe products alongside high-profile offerings such as ChatGPT, Midjourney , and Stable Diffusion from companies such as … [Read more...] about As Adobe Shows Its Generative AI Hand, Hollywood Grapples With Changing World

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‘Making Friends’ With ChatGPT: A Guide To Best Practices For AI Interactions

March 27, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Ainsley MacLean, MD, is Chief Medical Information Officer (CMIO) at the Mid-Atlantic Permanente Medical Group, Kaiser Permanente . Imagine you’re in line at your favorite coffee bar, waiting for your drink. You strike up a conversation with a friendly, extroverted stranger, and are immediately impressed by their seemingly limitless ability to improvise cute poems on a whim, yet somewhat bemused by their deadpan sense of humor and tendency to end statements with, “but be sure to seek expert advice.” This beguiling stranger’s name? ChatGPT. Looking at the new breed of AI tools including ChatGPT, BingGPT, Bard, Docs GPT, or any of the plethora of AI and heuristics-driven chatbots that are on the scene currently, the first thing you might notice is how incredibly crowded the field is. Experts predict that collectively, these products will profoundly influence the way we interact with all other technologies. … [Read more...] about ‘Making Friends’ With ChatGPT: A Guide To Best Practices For AI Interactions

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Twitter Source Code Leak Should Serve As Warning Say Security Experts

March 27, 2023 by www.forbes.com

Share to Twitter Share to Linkedin After it was announced that portions of Twitter's source code were leaked online, security researchers have suggested it should serve as a warning that better measures need to be taken to protect corporate networks. That should include those on the inside as well as from any potential external threat. In this case, the base programming for Twitter was posted briefly on the GitHub collaborative programming network. It was removed the same day, but the code that was posted for even a short time could have been copied and easily redistributed. Twitter has asked a U.S. District Court for the Northern District of California to order Github to reveal the identity of the user who initially posted the code, as well as those who may have accessed and downloaded it. It has been reported that Twitter executives suspect the code was stolen by a disgruntled employee who left the company around the time that billionaire tech … [Read more...] about Twitter Source Code Leak Should Serve As Warning Say Security Experts

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In Healthcare’s Game Of Monopoly, One Player Will Control The Board

March 27, 2023 by www.forbes.com

Share to Twitter Share to Linkedin In healthcare, as in life, people devote a lot of time and attention to the way things should be. They’d be better off focusing on what actually could be. As an example, 57% to 70% of American voters believe our nation “should” adopt a single-payer healthcare system like Medicare For All. Likewise, public health advocates insist that more of the nation’s $4 trillion healthcare budget “should” be spent on combating the social determinants of health: things like housing insecurity, low-wage jobs and other socioeconomic stresses. Neither of these ideas will happen, nor will dozens of positive healthcare solutions that “should” happen. When the things that should happen don’t, there’s always a reason. In healthcare, the biggest roadblock to change is what I call the conglomerate of monopolies , which includes hospitals , drug companies , private-equity-staked physicians and commercial health insurers . These … [Read more...] about In Healthcare’s Game Of Monopoly, One Player Will Control The Board

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