Category: Career

When it comes to business travel, these digitally-savvy employees expect a sleek, consumer-like experience from corporate booking tools: when they don’t get it they turn to the consumer applications they already have to hand, and book outside the corporate environment. Not only can this lead to irresponsible spending, and weaker negotiated rates in the future, but it poses significant risks to a company’s “duty of care” responsibility towards its employees. If you don’t know where they are, you can’t help them in an emergency. So how can procurement help to bring Generation Y back into the fold?

http://www.procurementleaders.com/blog/my-blog–guest-blog/generation-y-a-new-challenge-for-travel-procurement-542624

From a numbers perspective, IBM’s procurement performance KPIs and performance improvement metrics are more than impressive. Michael noted IBM saved $6.9B in approved and measured savings targets in 2014 compared to before the program was put into place. Payment terms now stand at close to 60 days rather than 30 days. Spend and contract compliance has increased from 50% to over 90%. Sourcing experts now look at 100% of spend compared to less than 10%. Electronic invoicing has increased from 20% to 90%. And 83% of POs never touch a buyer.

http://spendmatters.com/2015/06/04/ibm-and-procurement-transformation-by-the-numbers-risk-management-and-more/

For now, those with the highest-skill, highest-paid jobs are probably safe, and low-skill workers are not. “Inequality is probably the foremost challenge,” says Osborne. “It’s not going to be a problem of there not being enough wealth. We’re fairly confident that all of these technologies will continue to generate vast amounts of wealth—we’ll be generating a cornucopia of increasingly cheap and wonderful goods that will be able to be produced for next to zero marginal cost. But those benefits we’ll see as consumers might not necessarily be realized by workers.”

http://www.fastcoexist.com/3047269/this-calculator-will-tell-you-if-a-robot-is-coming-for-your-job?partner=rss

What’s more, one-third of workers worldwide feel stressed about work-life issues, according to a study by Ernst & Young about work-life challenges. And flexible-work policies that are merely informal may cause other systemic problems: A Boston University study found employees at a Boston consulting firm faking their 80-hour work weeks over fears that asking to use flexible-work options would cause negative reactions from management. These fears were well founded, it turns out. Employees who faked 80-hour workweeks were given excellent performance reviews, while those who openly asked for flexibility were negatively reviewed, even though they worked the same number of hours as their faking colleagues. That sort of scenario undermines trust and confidence in working relationships, to say the least.

http://www.entrepreneur.com/article/246802?ctp=BizDev&src=Syndication&msc=Feedly