Webinar Jun 25, 2024: Italy, Spain and France: Current Trends and Upcoming Regulations in the European Employment Law Landscape

About the Program: Italy, Spain and France have seen many changes in the employment law landscape within the last year. Seyfarth’s Italy, Spain and France qualified international employment law experts, Sofia Bargellini, Ana Cid and Laurence Harvey Wood, look forward to sharing some recent developments in their upcoming 45 minute webinar. These international employment law specialists will give an overview of hot topics and upcoming regulations within Europe. Topics will…

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Illinois Legislature Again Amends the Illinois Day and Temporary Labor Services Act

Quick Hits Governor Pritzker is expected to sign SB3650, legislation amending Illinois’s Day and Temporary Labor Services Act (DTLSA). Third-party clients would not be required to provide comparator pay information until the worker has worked for the same third-party client for more than 720 hours within a twelve-month period and the temporary agency requests this information. SB3650 revises the DTLSA’s “equivalent benefits” language to provide for “substantially similar benefits.” Overview…

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The Harvard Business School Faculty Summer Reader 2024

As the vacation season looms, Harvard Business School faculty members share recommendations for a little light reading. Spoiler alert: Lessons in Chemistry tops two of their beach-read lists.For those whose brains can’t—or won’t—turn off, HBS faculty also suggest some of their favorite business and academic tomes. Their favorites hit some of the year’s biggest themes, from artificial intelligence (AI) to racial equity to climate change. Julia Austin: Humans and tech,…

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Rescuing the decade: A dual agenda for the consumer goods industry

The consumer goods industry was an investor darling for decades, delivering a reliable formula of more than 5 percent growth at healthy, stable margins. Over the past ten years, however, topline growth has faded away. While consumer packaged goods (CPGs) have searched for it, they have ended up scrambling to generate the earnings growth they need through cost reduction.But investors love a growth story. Industry shareholder returns have dropped from…

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Is Verbal Abuse a Crime?

Victims of verbal abuse often wonder whether it is a crime and whether there is any recourse for them. This is particularly so when it occurs in the context of a domestic violence situation. Obtaining an apprehended violence order (AVO) is a possibility but only in circumstances where the conduct meets the requisite criteria. What is Verbal Abuse? Verbal Abuse is a form of emotional abuse where a person uses…

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Can Reflection Dislodge a Faulty Intuition?

Steve Jobs once said, “Intuition is more powerful than intellect.” But can it be too powerful? In research recently published in the journal Cognition, Yale SOM’s Shane Frederick and Andrew Meyer of the Chinese University of Hong Kong not only show situations in which widely shared intuitions are certifiably wrong, they also illustrate how these erroneous intuitions become calcified and prevent discovery of the truth, even among those who are…

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Keeping Innovation Alive at a Legacy Organization

Topics Radar Brief insights on emerging trends in management from the opening pages of MIT Sloan Management Review’s quarterly print magazine. More in this series subscribe-icon Subscribe Share Courtesy of GE Appliances Kevin Nolan, an engineer by training and a 28-year veteran of GE, is the president and CEO of GE Appliances. He became the company’s CTO in 2006, 10 years before its acquisition by China-based multinational Haier Group. MIT…

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What’s going on in our brains when we plan?

In pausing to think before making an important decision, we may imagine the potential outcomes of different choices we could make. While this ‘mental simulation’ is central to how we plan and make decisions in everyday life, how the brain works to accomplish this is not well understood. An international team of scientists has now uncovered neural mechanisms used in planning. Their results, published in the journal Nature Neuroscience, suggest that…

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Putin’s Sixth Principles Outline the Features of the New World Order

The Global South has to join such efforts and participate effectively in these procedures to empower them as global stream ends the American monopoly. That would help moving to a more just economic dynamics based on the win-win principle. The exploitation of Global South wealth is no longer possible in tomorrow’s world, where partnership is on an equal footing between all countries moving together towards development and prosperity. In this…

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A Five-Year Journey to Customizing Lives With Bespoke AI

Upon hearing “bespoke,” most people would imagine a tailored suit. But the word has taken on a new meaning since 2019, when Samsung Electronics unveiled its personalized Bespoke home appliances to usher in a new era of comfort and convenience at home. This year, the product line has evolved into Bespoke AI — signifying how artificial intelligence (AI) is optimizing each user’s life in line with the company’s “AI for…

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What do the new non-dom rules mean?

This year’s Spring’s Budget included significant changes concerning the way tax will be calculated for non-UK domiciled individuals (non-doms). Claire Spinks, our Head of Tax Technical and Development, takes a look at what’s been proposed and the effects for non-doms and those planning to reside in the UK. Non-doms have been on the political agenda for some time, so it wasn’t a great surprise to see new proposals concerning how…

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The Future of Facebook

Our vision for Facebook is simple: Facebook is for social discovery that opens your world in big and small ways. We’ve always been social, and we’ve always helped people discover things, but the way that people want to do this is changing, so we’re evolving our product accordingly. As we think about the next 20 years, we’re focused on two big things: building the next generation of social media for…

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Your Board is Your Best Insurance Against Turbulence

Under stress, good people can make bad decisions. Even CEOs, who are often exposed to contradictory demands, are not immune. Bad decisions can range from ill-advised stock buybacks to poorly devised cost-cutting measures to extremes like imaginative accounting or illegal practices. We’ve seen how Nokia, General Electric, IBM and many others have stumbled in the face of such existential crises.During turbulent times, many CEOs may be tempted to weather the…

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The case for doubling down on refinery reliability now

Refinery reliability issues have impacted product prices in recent times, and the ongoing reliability issue is creating both challenges and opportunities for refiners. As the wider industry continues to struggle with unplanned outages, refiners can invest to improve reliability and capture value. Operators can do this by revamping fundamental processes and using digital tools, such as generative AI (gen AI), to drive further improvements in their systems. In this article,…

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The Long Tail of Social Media Influence

Radar Paid influencers with the biggest follower counts may not give companies the most bang for their buck, research finds. The MIT SMR Editors June 10, 2024 Reading Time: 2 min  Topics Radar Brief insights on emerging trends in management from the opening pages of MIT Sloan Management Review’s quarterly print magazine. More in this series subscribe-icon Subscribe Share Getty Images The top social media influencers command top dollar for…

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Ripples in the OT Waters: Considering the Downstream Effects of Reclassifying Exempt Employees

Terry Vlisidis, Unsplash By: Kevin M. Young Seyfarth Synopsis: With the DOL’s new overtime exemption rule weeks from taking effect, employers must consider the impacts of reclassifying exempt employees. Some potential impacts are obvious, others not so much. Proactive, thoughtful planning is key for employers to navigate these waters for their business and impacted employees alike. With the U.S. DOL’s final overtime exemption rule taking effect in a few weeks,…

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Antitrust—Labor Market Violations: NCAA Agrees to Stop Restricting College Athlete Transfers

Quick Hits As part of a proposed consent judgment to resolve an antitrust charge brought by the DOJ and several states, the NCAA agreed to drop its rule requiring certain Division I college athletes who transfer schools to sit out a year. The DOJ and the states alleged that the transfer rule unlawfully restricted athletes from engaging in the market for their labor as college athletes. This litigation highlights state…

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How Generative AI Reshapes the Business Landscape

Since the introduction of OpenAI’s ChatGPT, we have been amazed that almost every conversation, whether business or casual, has turned to speculation and opining about the future of generative AI (G-AI). by Alva Taylor and Patrick Wheeler Views have ranged from a prediction of an AI-dominated Skynet/Terminator world where humans barely exist, to a future similar to Disney’s Wall-E Sky Liner world where humans grow so dependent on technology that…

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Why YC went to DC

For most of this century, Big Tech has been allowed to operate with little scrutiny or oversight — to disastrous effects, in the form of social media harms, anti competitive practices, and more. Despite recent efforts to rein them in, a small handful of mega companies continue to wield enormous power in our economy and in Washington — and now, Washington is at risk of repeating the mistakes of the…

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Equipping Marketers for The New Era of Measurement

New online-privacy regulations and reduced use of online “cookies,” which track people’s movements on websites, have been lauded by online-privacy advocates—but they’ve made things tough for corporate marketers. It means that today, most marketers are finding it harder to measure the efficacy of their online campaigns with the level of granularity they could in previous years. Tracking specific individuals online has become much more difficult, forcing marketers to find new…

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State of the Consumer 2024: What’s now and what’s next

If you think you know consumer behavior, think again. Middle-income consumers are feeling the squeeze and worrying about inflation but aren’t holding back on splurges. Rather than sticking to tight budgets in retirement, aging consumers are splurging too. Speaking of older shoppers, it turns out that the brand loyalty they’ve long been known for is a thing of the past. And young consumers in Asia and the Middle East are…

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Predicting Revenue in Usage-based Pricing

Posted June 10, 2024 Over the past decade, usage-based pricing has soared in popularity because it better aligns cost with value and allows customers to pay only for what they use. But that flexibility comes with operational pain points, especially when it comes to predicting revenue. With the right processes and infrastructure in place, however, your usage-based revenue can actually become more predictable over time than it might be in…

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Flexibility and Focus: Embracing Hybrid Work Models – PODCAST

In this episode of Nevermind the Pain Points, join host Sophie Brazell-Ng and guest experts Sarah Partridge and Dr. Kristina Curtis for an insightful discussion about hybrid work models. Tune in for insights on what hybrid working means for leadership, employee retention, office culture, and creating a balanced, productive work environment.Listen here or read on for an edited transcript. Sophie Brazell-Ng: Welcome back guys, to podcast number two. I’m here…

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Optimising mid-sized work delivery for a leading super fund

The situation In a landscape where industry super funds are expanding their membership to the general public, a prominent superannuation fund, stood at the forefront of innovation and member service excellence. With an effective delivery, governance, and funding model for large projects, they adeptly managed risk for significant initiatives. However, the path for ongoing improvement to existing capabilities and delivery of mid-sized work remained unclear, presenting a crucial gap in…

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DORA: Who, What and When for Fund Managers

The Digital Operational Resilience Act (“DORA“) applies to a wide range of financial entities and is focused on ensuring that these entities are able to respond effectively to unplanned information and communication technology (“ICT“) disruption, while minimising the impact on their business and customers. In this briefing, we consider the impact of DORA for fund managers and outline the requirements under DORA to manage and mitigate ICT risk. Does DORA…

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California’s Workplace Violence Prevention Plan Law, SB 553, Takes Effect on July 1, 2024: Three Weeks Until Required Compliance

Quick Hits Effective July 1, 2024, Senate Bill (SB) No. 553 will require virtually every California employer to implement a comprehensive workplace violence prevention plan. The new law does not have an implementation grace period. The new law applies to most California employers and employees, except corrections facilities, law enforcement agencies, teleworkers, places of employment where there are fewer than ten employees working at a place that is not accessible…

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Why Involvement of NATO Forces in Ukraine Should Be Taken Seriously

A significant factor that could lead to escalation and potential direct confrontation between Russia and NATO is the possibility of military deployments of NATO troops on Ukrainian territory. Some Western political figures have discussed the potential for such a scenario, though their views have not been endorsed by the United States or presented as the official position of NATO. Several leaders from member countries have distanced themselves from the idea…

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Positioning for success in the chemical markets of the future

Three recent trends illustrate significant recent changes in Europe’s chemical markets. First, high prices for natural gas and electricity are resulting in high production costs for energy-intensive chemicals. Second, a global oversupply of many chemicals is leading to depressed unit margins and lower volumes. And third, demand is shifting to sustainable chemicals. For these reasons, many European players are focusing on how to rapidly improve their margins, typically via cost…

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OFCCP Identifies 500 Supply and Service Establishments for Audits in Its 2024 Corporate Scheduling Announcement List

Quick Hits On June 7, 2024, OFCCP published a CSAL that identified 500 establishments of federal supply and service contractors and subcontractors for compliance reviews. The CSAL operates as a “courtesy notification” to a contractor that an OFCCP compliance review will be undertaken; the compliance review process begins when the company establishment receives a scheduling letter from OFCCP. OFCCP published the methodology it used for developing the June 2024 CSAL.…

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Banking on interest rates: A playbook for the new era of volatility

The recent accelerated rise in global interest rates, the fastest in decades, brought the curtain down on an extended period of cheap money but provided little clarity on the longer-term outlook. In 2024, competing forces of tepid growth, geopolitical tension, and regional conflict are creating nearly equal chances of higher-for-longer benchmark rates and rapid cuts. In the banking industry, this uncertainty presents both risks and opportunities. But in the absence…

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Cybersecurity for private equity firms

Private equity firms manage a wealth of sensitive data, making them prime targets for cybercriminals. With the growing number of sophisticated cyber threats, Chief Technology Officers (CTOs) must adopt a proactive stance to safeguard valuable data assets. However, despite the escalating risks, only a fraction of private equity firms have a robust cybersecurity program in place. In a study conducted with over 100 private equity firms, 23% have an operational and…

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Maya Chorengel on building the impact investing industry

This conversation between Maya Chorengel, a managing partner at The Rise Fund, and Alexandra Nee, partner and co-lead of the Impact Investing Service Line for McKinsey’s Private Capital Practice, was recorded on November 10, 2023. It was part of McKinsey’s Women in Private Equity Global Forum, which was held virtually, with an audience of 140 women investors from more than 60 firms across North America. The following is an abridged…

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How Russia is trying to disrupt the 2024 Paris Olympic Games

Russia is ramping up malign disinformation campaigns against France, French President Emmanuel Macron, the International Olympic Committee (IOC), and this summer’s Olympic Games in Paris. While Russia has a decades-long history of targeting the Olympic Games, the Microsoft Threat Analysis Center (MTAC) has observed old tactics blending with artificial intelligence (AI) in malign activity that may intensify as the 2024 Paris Opening Ceremony approaches. These operations have two principal aims:…

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Productivity growth matters more than ever in a changing geoeconomic era

Productivity – the amount of output each worker produces – is the core of our shared global prosperity and as the world wrestles with shifting geoeconomics, it matters more than ever. Asia has experienced a productivity surge in recent years, but cannot afford to be complacent if the region’s economies are to continue closing the gap with their advanced counterparts.Recent McKinsey Global Institute research, Investing in productivity growth, shows that…

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Minnesota Employment Legislative Update 2024, Part IV: The Aftermath of Minnesota’s Legislative Circus

Quick Hits Minnesota Governor Walz signed employment-related legislation that amends laws addressing consumer data privacy, drug and alcohol or cannabis testing, employee misclassification, pay transparency, and restrictive covenants. Leave-related provisions address earned sick and safe time, paid family and medical leave, pregnancy accommodations, and parental leave. Wage- and pay-related legislation addresses rideshare drivers, pay transparency in job postings, and gratuities employees receive through debit, charge, credit card, or electronic payments.…

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  • Reading time:14 mins read
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Digital transformation: Health systems’ investment priorities

Health systems around the world are facing a host of challenges, including rising costs, clinical-workforce shortages, aging populations requiring more care (for example, to treat chronic conditions), and increasing competition from nontraditional players. At the same time, consumers are expecting new capabilities (such as digital scheduling and telemedicine) and better experiences from health systems across their end-to-end care journeys. In response, health systems are increasing their focus on digital and…

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Christine Lagarde: Why we adjusted interest rates

8 June 2024By Christine LagardeThe ECB has cut interest rates. President Christine Lagarde explains why and sets out what still needs to be done to bring inflation back to 2% over the medium term.Two years ago, we started raising interest rates because inflation was far too high. Today, the situation is improved. Although some prices are still going up markedly, especially in the services sector, inflation overall has come down…

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Gen AI: A cognitive industrial revolution

The advent of steam power in the late 18th century utterly transformed manufacturing, transportation, and construction. A new kind of upheaval is already under way—one that will energize all language-based capabilities, including communication, reasoning, analysis, sales, and marketing. In this episode of the At the Edge podcast, Reid Hoffman, a partner at venture capital firm Greylock Partners, and cofounder of LinkedIn and Inflection AI, speaks with McKinsey’s Lareina Yee about…

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What is the future of travel?

A hand with bright yellow nails reaches for the handle of a blue suitcase.All aboard! After the pandemic upended life and leisure as we know it, travel is roaring back. The industry is set to make a full recovery by the end of 2024, after losing 75 percent of its value in 2020. Much of this has been so-called “revenge travel,” or people embarking on international or bucket list trips…

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What We Get Wrong about the Effects of Population Growth

When Yale SOM’s Jason Dana asks people to think about a consumer good that has gotten more affordable over time—say, televisions—they are confident they understand why: the underlying technology has improved and production is more efficient, so the product has come down in cost. But when he asks them whether in general real costs—defined as the amount of work required to purchase individual items—have gone up or down over time,…

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