Credit Suisse has ordered its staff to leave work on Friday no later than seven in the evening, and do not return until at least lunch on Saturday. Only preparing for a major transaction can justify staying late at the office. Employees from departments of investment management and EMEA capital markets were said to leave jobs on Fridays no later than seven o'clock in the evening, sources in the...

Goldman Sachs will no longer rate its employees on a productivity scale of one to nine. Instead, the bank employees are now asked to constructively communicate with management. Goldman Sachs banking group has decided to change method of employees’ performance evaluations. In June, the company will cease to assign ratings on a scale of one to nine. In the autumn, Goldman will begin testing an...

Foxconn company, assembles iPhones Samsung smartphones in China, replaced 60 thousand employees of one of its production enterprises, located in Jiangsu Province, with robots. According to South China Morning Post referring to a local official, number of employees at Foxconn factory in the county was cut down from 110 thousand to 50 thousand people as a result of the production automation....

The Chinese government announced new steps to improve competitiveness and efficiency of state-owned companies. Authorities advised them to develop cutting-costs programs to save 100 billion yuan ($ 15.6 billion) by the end of next year. The next three years’ target is to reduce "excessive administrative staff" by 20%.  According to the state news agency "Xinhua", the Chinese government...

Anheuser-Buschb company, the most famous of which brands is Budweiser, agreed to temporarily rename it. During the summer campaign period, Budweiser beer will be produced under ‘America’ brand in the United States, reports CNN. Sale of beer under the new brand are starting on May 23. The campaign will last until the US presidential elections in November. Choosing a new name and design,...

Have you ever thought that you desperately need an innovation and it is necessary to create it by any means? If yes, consider the following assumptions before starting your brainstorming session. It is quite difficult to understand the characteristics, desires and behavior of a narrow target audience, yet is essential for success. Any book on marketing or a marketer will confirm this, but very...

The American HR website Glassdoor published a ranking of US companies with the highest median salary. 20 out of 25 included in the rating process are tech companies, such as Google, Facebook, Twitter and Microsoft. According to a study published by US personnel site Glassdoor, 20 of the 25 US companies with the highest average salary are related to the tech industry. Glassdoor studies the median...

Charm is a quality that helps achieve more in every sphere of life. Most people simply cannot resist a truly charming person. But how to develop charisma? What do I need? Jack Schafer и Marvin Karlins, authors of book " The Like Switch: An Ex-FBI Agent's Guide to Influencing, Attracting, and Winning People Over", tried respond to the question of how to please people. One of the topics that the...

Long gone are the days when authoritarian management was considered to be the most effective one. Today wise managers realize the key role of people working in their company: their education, skills, expertise, as well as their ability to work together and generate optimum solutions.