Korea International Cooperation Agency The Board of Audit and Inspection (BAI) revealed Tuesday that a former executive director of the Korea International Cooperation Agency (Koica) is suspected of taking 385 million won ($291,577) in bribes from employees in exchange for promotions and other favors. The BAI alleges that the man took money from 22 people while he was in charge of human resources from February 2018 to December 2020. That job allowed him to exercise authority over personnel appointments and contracts at Koica. The BAI said it referred the case to prosecutors, and identified 15 individuals who allegedly paid him large bribes. The other seven individuals gave relatively small amounts of cash — less than 5 million won — so the BAI is not requesting their prosecution. The former executive director is accused of fabricating employee performance evaluations for promotions and giving them choice overseas assignments. The BAI also allege that he had took 10 million … [Read more...] about At Koica, one manager had his hand in employees’ pockets
Onboarding employees checklist
Share to Twitter Share to Linkedin When a company is facing change, the combined efforts of leadership and employees is key to surviving an uncertain situation. An essential part of this process is trust in the leadership team to not only offer transparency into the decisions being made, but to also consider the perspectives and feelings of their team members. To reassure employees and maintain their trust, there are steps leaders can take during and even before the company reaches a critical point. Below, 10 members of Forbes Business Council share strategic ways leaders can approach cultivating employee trust during a business pivot. 1. Lead With Core Values In a working environment, it's common for challenges to arise. That's why being a good leader with core values is important for handling anything problematic that may come up the right way. I believe being open and transparent and doing the right thing will show good leadership and build … [Read more...] about 10 Approaches To Cultivating Employee Trust
Share to Twitter Share to Linkedin Founder of the PowerUP approach, Marita fuels confidence and contribution for personal impact. See more @ FutureCourse . If one thing can make or break your impact at work, it would be confidence. Without a doubt, work will include challenging assignments, unclear decisions and personal trials; confidence is the strength to see you through. With greater workplace attention on strengthening diversity, equity and inclusion, it is important to recognize the gender-based confidence gap that invisibly drains the advancement of women at work. What is the gender-based confidence gap? Descriptions of confidence vary widely. The Merriam-Webster definition encompasses a familiar understanding of confidence, including assurance, self-possession, a state of mind or a manner marked by easy coolness and freedom from uncertainty, diffidence or embarrassment. Applying this definition, men typically demonstrate more confident … [Read more...] about How Leaders Can Build Their Employees’ Confidence For Optimized Performance
Share to Twitter Share to Linkedin CEO & Founder of National Business Capital , the leading fintech marketplace offering streamlined small business loans. Building and maintaining strong company culture is essential for businesses of all sizes. Companies with a positive culture are more enjoyable workplaces and, more importantly, tend to have better retention rates. The type of culture you build can even affect your bottom line. Let’s look at how culture affects business performance and the role you play in influencing your business’s company culture. What Is Company Culture? Company culture is often poorly defined. To some, it sounds like another corporate buzzword. Although there are thousands of articles on the subject, there isn’t one agreed-upon definition for company culture. Here’s how I define culture—the attitudes, behaviors and values of everyone working at your company. It shows up in interactions your employees have … [Read more...] about How Does Company Culture Affect Business Performance?
Share to Twitter Share to Linkedin Dan Mallin is CEO & Founder of Lucy , a one-stop AI-powered knowledge platform for all the data an organization owns and licenses. Never before has HR been as important to a company’s success than during the pandemic and the subsequent new world of work. Employees are more particular about what they want from their employers, and companies are working hard to meet their demands. From remote work policies to providing employees with the tools they need to succeed, identifying strategies to keep employees happy—and productive—is one of the most important takeaways from the pandemic. According to a recent survey by Gartner , 49% of HR executives said innovating for success is one of their top three priorities for 2022. Interestingly, even though executives say they are focused on creating a more productive and innovative work environment, employees do not see it. In a different survey by Gartner of … [Read more...] about Why Innovation Is Critical To The Success Of HR Leaders In 2023 And Beyond
Share to Twitter Share to Linkedin Coaching is now one of the most requested employee benefits . It is also called "corporate therapy." How is coaching different from seeing a psychologist? Both coaches and therapists can help you identify strengths and weaknesses and overcome obstacles holding you back. But who you should see depends on your issues and what you want to achieve. While coaching and therapy are not the same, they are compatible and even complementary. Still, it is essential to notice the difference to understand what you may need at this point in your career. The following are the five main differences: Past vs. future: A coach looks at your present to help you create the future you desire , while a therapist looks at your past to help you manage your present. Clients who keep talking about the past may need healing and support from a therapist. Diagnosis vs. cocreation: Therapists diagnose disorders and work with … [Read more...] about 5 Differences Between A Coach And A Therapist
This article first appeared in The Edge Malaysia Weekly, on November 28, 2022 - December 04, 2022. - A + A THINGS seem to be picking up at oil and gas topside maintenance and offshore support service provider Dayang Enterprise Holdings Bhd. Last Thursday, Dayang’s share price hit a 52-week high of RM1.36, after gaining more than 35% since end-July, buoyed by heavier trading volume. The stock closed at RM1.34 last Thursday, translating into a market capitalisation of RM1.55 billion. On Nov 11, the Employees Provident Fund (EPF) emerged as a substantial shareholder of Dayang with 5.01% equity interest, or 58.03 million shares. By last Thursday, it had upped its stake to 5.37%, or 62.17 million shares. This is the first time the provident fund has been a substantial shareholder of the company since its flotation exercise in April 2008. Also in early November, asset management outfit Fidelity International Ltd (FIL) emerged as a substantial shareholder of … [Read more...] about Dayang seen to benefit from heightened O&G activity
- A + A KUALA LUMPUR (Dec 6): Seven in 10 Malaysians save less than RM500 per month, leaving them vulnerable to financial shocks, said RinggitPlus.com. At the other end of the spectrum, the percentage of Malaysians who manage to save more than RM1,500 a month has also dropped significantly, from 20% in 2020 to 5% in 2022, the financial comparison website said in a statement. Citing the findings of the RinggitPlus Malaysian Financial Literacy Survey (RMFLS) 2022, the statement said: “70% of respondents indicated that they save less than RM500 a month or do not manage to save at all. This is the worst-ever result tracked by RMFLS in five years”. “The financial effects of the pandemic have been devastating and our survey findings this year reaffirm that Malaysians have real financial challenges to address,” said RinggitPlus co-founder and director Hann Liew. “It is a harsh reality not only for the rakyat , but also for policymakers and industry players — this is a … [Read more...] about Seven in 10 Malaysians save less than RM500 a month, RinggitPlus survey shows
The benchmark indices in India are now trading at their highest ever levels. In fact, in the past one year, India (+9.6%) has been one of the best performing equity markets in the world, in line with the emerging market peers like Brazil (+8%), Russia (+9%), and Indonesia (+7.5%) among others. Only a few emerging markets like Venezuela (+107%), Argentina (108%), and Egypt (+15%) have done much better. For many Indian investors these statistics could be meaningless. To some it may actually be annoying as the performance of their individual portfolio may not be reflecting the benchmark performance. Regardless, largely the equity market returns have been reasonable, considering the challenging environment. It is therefore a moment to celebrate. Once the celebrations are over, it would be appropriate to ask ourselves “whether at ~18700, Nifty is adequately taking into account all the factors that may impact the corporate performance, risk appetite, liquidity and financial stability … [Read more...] about As Nifty soars, has market ‘adequately’ considered all risk factors?
The office of Sandbox Network [SANDBOX NETWORK] Companies that manage YouTubers are downsizing after expanding too quickly and poorly managing their growth. Known as multi-channel networks (MCN), they develop YouTube acts. They do everything from event booking to image promotion. DIA TV, Sandbox and Treasure Hunter are the largest MCNs in Korea. Sandbox Network said last month that it is restructuring as it continues to lose money. It blames tough market conditions and higher costs. Sandbox was founded in 2015 by game YouTubers Dotty and Lee Pil-sung, who used to work at Google. The company is well-known for having popular YouTubers in Korea, such as Kwaktube and Calm-down Man. Driven by the successful recruitment of popular YouTubers, the company’s sales rose from 60.8 billion won ($46.2 million) in 2019 to 89.9 billion won in 2020 and then 113.7 billion won in 2021. In recent years, losses have mounted, from 7.2 billion won in 2020 to 12.1 billion won in 2021. “The … [Read more...] about Money-losing MCNs face reality and start restructuring