When Michael Jordan’s agent set out to negotiate a new contract with the Chicago Bulls for his client back in the mid 90s, he anticipated that the team’s managing partner would lowball the salary offer. So the agent opted to move first and requested an ambitious $52 million per year More
After claiming to have fostered a million marriages, eHarmony is extending its online dating formula to employee recruitment, helping job-hunters and employers find the perfect match. It may be a stretch to liken a great job to a soulmate. But just as eHarmony tests potential matches on various dimensions of More
In a scene from the 2010 film Wall Street: Money Never Sleeps, financial trader Gordon Gekko — played by Michael Douglas — defines moral hazard as a situation in which “somebody takes your money and he is not responsible for it.” A team of European researchers cite this cinematic example More
Volkswagen turns off some workers’ email 30 minutes after quitting time. BMW is instituting new rules that will guard employees from being contacted after working hours. In fact, an increasing number of companies have created similar rules, according to a survey by the Society for Human Resource Management (SHRM). Employers More
Many leading companies are taking a stand on diversity. They’re actively seeking new hires from different backgrounds and cultures, following the logic that new people can shake up the status quo with fresh insights and unknown perspectives. It’s not difficult to see why — popular support for such initiatives is More
The world is having a love affair with Costco. Fortune Magazine ranks the warehouse retailer as one of the world’s most admired companies, and only partly because of its commitment to social responsibility. Operating under the philosophy that happy employees deliver effective customer service, the company pays its employees extremely More
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