Job

Trump: President says DeJoy should lose job if campaign finance allegations true

By Jacki Roig 6 days ago

Donald Trump has said his controversial appointment as US postmaster general should lose his job if allegations of campaign finance violations against him are proved.

Louis DeJoy, a Trump donor and Republican party fundraiser appointed to his role in May this year, pressured employees at his former company into making donations to GOP candidates, it has been claimed.

As owner of New Breed Logistics, a North Carolina-based supply chain firm sold to XPO in 2014, Mr DeJoy often asked workers and managers to make donations to the campaigns of Republicans running for office, several former employees told the Washington Post.

It is alleged that staff who donated to Mr DeJoy’s favoured candidates would recieve company bonuses in return, with managers at the firm also expected to participate.

“Louis was a national fundraiser for the Republican party. He asked employees for money. We gave him the money, and then he

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The most lucrative languages to get a better job and salary in the UK

By Jacki Roig 1 week ago

Speak a second language, or thinking about learning one? You could earn up to 75% more, depending on what you pick.

With many UK companies having international offices, multilingual employees are a precious asset to employers, meaning the financial returns of speaking a second language — especially one in high demand but low supply — can be huge.

Jobs with a pay differential based on how many languages you can speak pay about 20% more to bi- or multilingual candidates, data from Salary.com shows.

However, depending on the language you speak and the sector you work in, being bi- or multi-lingual could boost your salary by a whopping three quarters, according to new research by online educational provider Preply.

Arabic is the most lucrative language in the UK, with speakers benefitting from 74% higher salaries, on average, the study found.

The Arab world is one of the richest nations in

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Sunak unveils new job support scheme; warns he cannot save every business

By Jacki Roig 3 weeks ago

LONDON (Reuters) – British finance minister Rishi Sunak announced a new jobs support scheme on Thursday that would help firms employ people on shorter hours, but warned he could not save every business or job.

“The government will directly support the wages of people in work, giving businesses who face depressed demand the option of keeping employees in a job on shorter hours, rather than making them redundant,” Sunak told parliament.

Sunak said the scheme would run for six months, starting in November and be open to all small and medium sized enterprises. Larger firms would only be eligible if their turnover has fallen during the crisis.

“It will support viable jobs to make sure that employees must work at least a third of their normal hours and be paid for that work as normal by their employer,” he added.

“The government, together with employers, will then increase those people’s

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Tussle for ECB’s Last Big Job for Years Becomes Two-Man Race

By Jacki Roig 3 weeks ago

(Bloomberg) — The race to clinch the European Central Bank’s final vacancy on its Executive Board for half a decade has just two contenders, both of them male.

Both candidates — Dutch central bank official Frank Elderson and former Slovenian Governor Bostjan Jazbec — have expertise in financial supervision, befitting the likelihood that the position will bring with it the role of second-in-command at the euro zone’s watchdog for lenders.



diagram, timeline: ECB Musical Chairs

© Bloomberg
ECB Musical Chairs

The two of them will now vie for the role of replacing Yves Mersch, whose term at the ECB, along with his stint as vice chair of the Single Supervisory Mechanism, ends in mid-December. Euro-area finance ministers will make the selection in coming weeks.

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With all four of Europe’s biggest economies represented on the six-person board, the vacancy created by Mersch’s departure offered a rare opportunity for a smaller country to clinch the

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How to Get a Job in Compliance

By Jacki Roig 3 weeks ago

Younger workers are growing up in an age of the Consumer Financial Protection Bureau (CFPB), the Financial Industry Regulatory Authority (FINRA), and an embattled but still potent Environmental Protection Agency (EPA).

The influx of new and updated rules, regulations, and laws in the financial services, healthcare, telecommunication, and other sectors has created an increase in the need for qualified and ethical individuals. In addition, this influx has been noticeably beneficial to regulators and risk/compliance professionals, who have seen rising pay and new job opportunities.

In terms of importance and financial impact, chief compliance officers rank among chief financial officers (CFOs) and chief executive officers (CEOs) on some executive staffs, since a proper compliance environment keeps Uncle Sam at bay and represents a noticeable advantage over less-prepared competitors.

This is increasingly true in finance. According to the BLS, in 2019 (the most recent figures), the top-paying industries for compliance jobs included

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Finance Minister Confirms His Private Company Did Agyapa Job

By Jacki Roig 3 weeks ago

More details continue to emerge about the controversial Agyapa Royalties Limited deal, revealing a deep-seated greed on the part of some of the promoters who are family member of the President, Nana Akufo-Addo.

They, include Finance Minister, Ken Ofori-Atta, who is accused of using their proximity to power, their knowledge of the government deals to award various aspects of the transaction to their private companies, instead of announcing the existence of the job and opening it up for competitive bidding process.

Databank, is one of the companies owned by the Finance Minister. Ghanaians were last Friday, shocked to hear that Databank Financial Services, was also engaged by the Finance Ministry to be part of the Agyapa transactions.

But this is not the first time that Ken Ofori-Atta’s companies; Databank Financial Services and Enterprise Insurance Company Limited under the Enterprise Group are also mentioned as competing for state jobs with companies

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France to phone GE’s Culp over Belfort promises, job losses (NYSE:GE)

By Jacki Roig 1 month ago

“We will make sure that GE respects its commitments regarding jobs in Belfort… I will have the opportunity to call GE Chairman and CEO Larry Culp (on the issue),” French Finance Minister Bruno Le Maire told a hearing at the French Senate.

A European group committee of GE Energy – which bought out Alstom’s energy branch in 2015 – is reportedly due to soon launch the first phase of a vast social plan with the elimination of 1,225 jobs in Europe, including 764 jobs in France.

In a related press release, General Electric management said it believes “GE Grid Solutions and GE Hydro Solutions are each facing complex market dynamics and generating significant financial losses. In order to restore these divisions to a viable financial position, they each presented a transformation project to the European works council.”

“I am extremely unhappy with this decision, we still have the impression that

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‘Ghosting’ is not just for lovers. These job applicants say ‘cruel’ and ‘selfish’ employers do it too.

By Jacki Roig 2 months ago

The search for new employment has been brutal for millions of Americans faced with a 10.2% unemployment rate. 

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With more than 58 million Americans losing their jobs since the start of the coronavirus shutdowns in mid-March, competition for the few slots available has been fierce.

Job seekers of all ages are being forced to contend with a phenomenon often more familiar to the dating scene – ghosting. For the romantically uninitiated, that’s when your crush dumps you but never takes the time to pick up the phone to let you know that they’ve moved on. 

Job seekers are feeling that same sense of rejection, though this time it’s hurting their wallets rather than their hearts. 

According to a recent LinkedIn poll, 93% of job applicants reported being “ghosted” by an employer after an initial in-person interview or after responding to a request for additional information. (The poll surveyed

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Job security fears major reason for low housing demand

By Jacki Roig 2 months ago

New Delhi: With widespread layoffs and pay cuts across sectors, concerns regarding job security and wage reduction have emerged as a major deterrent for prospective home buyers from making the deal and buying an apartment of their own, according to a survey by JLL.

The survey on home buyers’ preference amid COVID-19 shows that in the current fragile employment scenario and an atmosphere of subdued economic sentiment, survival becomes the priority.

“Homebuyers are either anxious about job security or anticipating salary cuts, which resulted in consumer sentiments taking a massive hit,” said the report.

It noted that prospective buyers are also expecting further drop in house prices.

The report says that there is increased pent-up demand in the market, but this will translate into higher sales only when the economy stabilises and prospective buyers feel secure about their jobs.

According to Homebuyer Preference Survey, 91 per cent respondents wanted to

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UK financial job vacancies shrink by 60% in second quarter: data

By Jacki Roig 2 months ago

LONDON (Reuters) – The volume of UK financial sector job vacancies dropped by 60% in the quarter to end-June, data on Wednesday showed, as the COVID-19 pandemic inflicted fresh injury to a labour market already reeling from restructuring and Brexit.

FILE PHOTO: Workers wearing face-masks travel through the Waterloo Station during the morning rush hour following the coronavirus disease (COVID-19) outbreak, in London, Britain, July 6, 2020. REUTERS/Toby Melville

The latest Morgan McKinley Spring London Employment Monitor, which details hiring trends across Britain’s financial industry, showed the number of job-seekers fell by almost a third in the three month period from April, with available jobs plunging by 72% year-on-year in that month alone.

The latest figures follow a rapid slowdown in hiring seen in March, when the number of available jobs dropped by 38% compared with February.

The early part of the April-June quarter was dominated by government-imposed lockdowns to

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