Why overtime pay is important

Very few things in our lives are absolute. Everything is measured by degree, from our attention to our patience to the range and intensity of our emotions. At the same time, some things are absolute: You can't be all things to all people; you can't dance every dance; and, throughout your life, you've got to make hard choices , sacrifices, and compromises, and then you've got to live with them through thick and thin for a very long time. We become the sum of the choices we make over time; those choices determine the kind of person we end up being--and how the world sees and values us. What we become isn't a necessary result of fate or destiny. It's certainly not foretold or pre-ordained. Throughout our lives we remain a work in progress. Iteration isn't just a business process; it's also a strategy for a life well-lived. We can bend and shape outcomes to match our desires if we consciously, actively, and continually apply ourselves. But the good things we all … [Read more...] about Your Work Is Not Your Life

Share to Twitter Share to Linkedin To say we are in uncharted territory is an understatement. We’ve been through Black Swan events before, but what seems different this time around is the high level of uncertainty that is still present several weeks into the pandemic in the U.S. (months globally). Normally at this juncture, we have a better understanding of what transpired and a clearer path forward. But for retail, the big question on everyone’s mind is, with as much as $20 billion in retail rents due , where do we go from here? I’ve been in this business for many years on both sides of the aisle and often tenants and landlords come to the negotiating table with differing viewpoints. But that mentality must be put aside for the industry to pull through this crisis. At the risk of waxing poetic – now, more than ever, is the time for landlords and retailers to come together if we are to have shopping centers and stores for quarantined-weary consumers to … [Read more...] about $20 Billion In Retail Rents Due: Why Collaboration Is The Only Way Forward

Share to Twitter Share to Linkedin W hen Alexi Nazem was a hospital doctor, he faced a mountain of paperwork and bureaucratic hurdles anytime he wanted to moonlight outside his hospital. For healthcare professionals side gigs like these are common, so why should the process be so burdensome? Inspired by the possibility of applying the concept of other online marketplaces like AirBnB to healthcare temping, he and four cofounders (including AlleyCorp founder Kevin Ryan) launched Nomad Health in 2015. During the Covid-19 pandemic, Nomad saw explosive growth as hospitals, already facing nursing shortages, raced to fill roles in overburdened ICUs around the country. While the pandemic has (hopefully) peaked and travel nursing pay rates are receding from all-time highs, the underlying shift of much more of the healthcare workforce engaged in temporary rather than full-time roles is expected to continue. “One of the most important lessons that we've learned … [Read more...] about Staffing Marketplace Nomad Health Raises $105 Million As It Expands Beyond Travel Nurses

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A THE momentum to adopt environmental, social and governance (ESG) criteria and sustainability practices in the capital market has picked up significantly in the past few years. By the third quarter of 2021, assets in global sustainable funds hit a record high, according to investment research firm Morningstar. At the same time, more than 70 countries — including the biggest polluters — have set a net-zero target and over 1,200 companies have put in place science-based targets to reach net-zero emissions, according to the United Nations. In Malaysia, at least 44 out of the 54 Sustainable and Responsible Investment (SRI) funds approved by Securities Commission Malaysia were launched in the last two years. As at December 2021, 94% of the top 50 listed companies in Malaysia had ESG strategies and 68% had emissions reduction policies, according to PwC’s research. … [Read more...] about HONOURING MALAYSIA’S BEST PERFORMERS IN ESG EXCELLENCE: The Edge to roll out Malaysia’s first ESG awards

For the past two years, the United Nations has ranked Finland as the world's happiest country. The U.S. has never scored in the top 10 since the index was launched in 2011, and in 2019 it plummeted to 19th. While Finland seems perennially chirpy, the U.S. is seeing growing rates of depression, drug addiction, and suicide . Here are six reasons that residents of Finland (7.1 percent of whom are immigrants, BTW) are so happy when compared with their American counterparts: 1. Finns pay higher taxes but see more results. According to the conservative think tank the Brookings Institute, Finland collects 44 percent of its gross domestic product (GDP) in taxes versus the 26 percent of GDP that the U.S. collected in 2015. (For comparison, Denmark collects 46 percent and Mexico 17 percent.) So taxes are relatively high in Finland, which you'd think would tend to reduce overall happiness. However, higher taxes don't seem to bother the Finns, for two reasons: … [Read more...] about Why Finland Is So Happy (and the U.S. Is So Depressed)

Now is the time to start thinking about how to move your business forward. The process starts by forgetting about the past, because no one has ever succeeded in the past. However great "the good old days" were, they're gone forever and not coming back. As you start to reimagine your business -- not rebuild or restore it -- the hardest single issue is going to be people. Maybe that's always the case. And the hardest questions and most difficult choices are going to be about some of the most senior people in your business, those who've been there from the start. As I always like to remind my peers, gray hair is a sign of age, not necessarily of wisdom. But to be clear, this isn't about anyone's age as much as it's all about their energy, skill sets, and expected contributions to the new order. I realize it's a touchy conversation, but as someone who's personally been in the trenches for more than 55 years, I can tell you that it's never been a more critical one to have. … [Read more...] about Who’s Going to Make the Cut?

Self-service business solutions are all the rage these days, and mostly that's good news. These systems can save time if they're implemented properly. Plus, in some instances, customers actually prefer machines to people (opting for ATMs over bored and indifferent bank tellers). But when self-service is poorly done, in big box stores, for example, it can feel like you're wandering in the desert for days without ever seeing a helpful human being. And, as often as not, when you finally do come across a living, breathing person, it's "not their department" or they have no clue how to help you. It's always struck me as very sad that so many of these large organizations with thousands of front-line, customer-facing employees don't seem to understand that it's not simply about the rote training of their people; it's about building and reinforcing self-esteem. If you can make employees' jobs "important" (whatever they are) and make them feel good about what they are doing every day … [Read more...] about The Future of Self-Service

Share to Twitter Share to Linkedin With the blueprint for luxury fashion retail sprouting unprecedented new contours - fueled both by streetwear’s freshly gilded edge and millennials’ disregard for heritage without innovation, edge or obvious purpose - it’s perhaps unsurprising that an appreciation of off-piste brand behavior is booming. From bastardized logos to rough and ready email marketing - galvanized by a coterie of potshot-taking Insta-famous artists that are even buddying up with the brands they satirize - subverting or dismantling formerly sacred brand codes is swiftly becoming a fast-track to modernity While a respect for heritage (as we traditionally know it) isn’t dead, it’s certainly no longer solely enough to satisfy younger, ‘digitally native’ luxury appetites, who according to a globally-reaching 2017 survey by Deloitte have more impulsive spending habits than ever before ( almost 20% buy simply to treat themselves ) and regard quality and … [Read more...] about Why Brandalism Has Become A Luxury Brand’s New Best Friend

Share to Twitter Share to Linkedin Madison Reed is doubling down on future growth in its salon and at-home hair color businesses which combined have had over 5 million customer interactions. The company, founded by current CEO, Amy Errett, has recently announced new executives to its board of directors along with internal management moves to further its mission of expanding Madison Reed’s access to more customers across the U.S. market. In an exclusive interview with Errett, it was clear that the company is on a mission to provide access to prestige beauty hair care for more people online, in salons and through its retail partners like Ulta Beauty ULTA . New board members provide experience and diversity Michael Dubin and Stephanie Davis Michelman will be added as board members and both come with heavy experience in scaling beauty businesses. Dublin is the founder and former CEO of Dollar Shave Club, driving the company to a $1 billion dollar acquisition … [Read more...] about Madison Reed Adds New Board Members As Business Grows

Share to Twitter Share to Linkedin It’s well established that urban environments are going to be home to the majority of the world’s population in the coming decades. While extreme weather is causing floods, droughts and wildfires, it’s also going to have significant effects on urban living. The increasing temperatures the media is discussing, from heat waves across India, the US, Spain and Germany, Doha at 49°C or Jacobabad at 51°C, mean that we must find new ways to protect city dwellers from the worst impacts of a changing environment. According to Lauren Sorkin, executive director of the Resilient Cities Network, cities have the potential to address climate change but they need a rethink in terms of how they keep people safe and build in equity and resilience. Sorkin argues we also need to agree on a common set of risks – and be honest about the level of risk we face. It’s important to remember that cities themselves are major infrastructure investors and … [Read more...] about As Climate Change Threatens Mounting Urban Costs, Is Biomimicry The Way Forward?