Central Bank of Ireland’s Post

Have I missed something? James Gorman's blunt assertion that Morgan Stanley's employees "don't get to choose their compensation, promotion, or to stay home five days a week" really throws a wrench in the gears. In an age where performance reviews and HR policies are as standard as a morning alarm, hearing such a direct, authoritarian stance feels like a throwback to a less collaborative era. It's akin to saying, "Take it or leave it," in a time when dialogue about career paths and remote work flexibility is more expected than ever. It's about striking a balance between leadership decisiveness and giving people a voice in their professional journey. #remotework #wha #workfromhotels #community #www.nohq.co.uk #www.andco.life #coworking #coworkingcommunity #coworkingspace #sharedoffice #officeshare #futureofwork #futureofworkplace #occupancy #rto #workplacestrategy https://lnkd.in/e4PJi5nZ

Bank of America

📉 Labour productivity has been declining in the eurozone in recent quarters, both on a per-worker and – more recently – on an hourly basis. 📣 There are two main views among economists. One sees it as a cyclical phenomenon – tied to labour hoarding by firms – and the other as a structural phenomenon, due to limited capital available to workers and existing skills matches. 💡 We find limited evidence of the cyclical nature of the drop in productivity, and therefore see little reason for a quick turnaround 🏛️ Alongside elevated wage growth, this should keep underlying inflation pressures high, likely pushing the ECB to be cautious in cutting rates 👉 Clients of HSBC Global Research can read the full report here: http://grp.hsbc/6043pFf8v #HSBCResearch #ECB #Eurozone #Productivity #Wages #Inflation #Growth #InterestRates #Macro

🚨Breaking News! 🚨 Citigroup has issued a confidential memo to its UK-based workforce, warning of potential job losses due to sector-wide reorganisation. This could potentially threaten the job security of hundreds of employees across Britain. 😮💼 This is indeed a tense waiting game for many hardworking individuals who are bracing themselves for possible cuts. It's an unsettling time and we're keen to hear your thoughts on this matter. How do you think businesses should handle such situations? What measures can be taken to ensure minimal impact on staff morale during these challenging times? 💭 Read more about it here 👉 https://lnkd.in/eyCbK_5y Let's start a conversation below! Your insights might just provide comfort or guidance to someone going through this tough period. 🙏 #Citigroup #JobCuts #BusinessNews #UKJobs

🚨Breaking News! 🚨 Citigroup has issued a confidential memo to its UK-based workforce, warning of potential job losses due to sector-wide reorganisation. This could potentially threaten the job security of hundreds of employees across Britain. 😮💼 This is indeed a tense waiting game for many hardworking individuals who are now bracing themselves for possible cuts. The question remains - how will this impact the overall business landscape in the UK? 🇬🇧 Read more about it here 👉 https://lnkd.in/eyCbK_5y We'd love to hear your thoughts on this matter. How do you think businesses should handle such situations? What measures can be taken to ensure minimal disruption and maximum support for those affected? Share your insights below! 💭 #Citigroup #JobCuts #BusinessNews #UKBusiness

We're celebrating #InternationalWorkersDay by showcasing how values-based banks foster positive work environments for their employees and the recognition they have received. 🏦👏   These are a few of the many examples:   💚 Charity Bank (UK) pays its employees a living wage and demonstrates its values and commitment to its employees and the wider community. 💚 Teachers Mutual Bank Limited's (Australia) new employee engagement report demonstrates that sustainability has been the #1 employee engagement topic for over 13 years. 💚 Sunrise Banks (USA) received multiple workplace awards, including Best Company Culture. 💚 Vancity (Canada) is supporting employee well-being by increasing its coverage for mental-health benefit per employee and per dependant. 💚 BRAC Bank PLC’s Prottoy Banking solution is committed to enhancing the lifestyle of the banks employees by providing them with unique features. 💚 Caisse d'économie solidaire Desjardins (Canada) is recognised as one of Canada's Top 100 Employers for the 13th year in a row. 💚 Cooperative Bank of Karditsa (Greece) introduces a new DEI policy to promote fairness, professional development and leverage diverse talent.

While some organisations are still struggling with implementing hybrid work arrangements that can benefit workers and employers, others, like HSBC UK, have done it right and even recently won an inaugural Hybrid Working Award. So, how did HSBC manage to implement this work mode so successfully? Well, the bank did proper planning right from the start, using relevant tools to gather insights and data from colleagues and clients to find the right people to spearhead the Future Fit Leaders programme. The programme has helped boost communication, collaboration, well-being, diversity, and inclusion of hybrid workers across the organisation. Read more here: https://bit.ly/46t2Fr7 #HybridWorking #HSBCBank #FutureFitLeaders #HybridWorkingAward

HSBC’s Exciting Panel Discussion on Employee Well-being at the Workplace I am thrilled to share a clip from our recent panel discussion, where we gathered internal stakeholders and esteemed external guests to delve into the crucial topic of Employee Well-being in collaboration with HSBC International Subsidiary Banking and Wealth & Personal Banking. During the engaging session, our diverse panel explored various aspects of employee well-being, including mental health support, work-life balance and fostering a positive company culture. The discussion was rich with actionable ideas and best practices, catering to both small and large organizations. I would like to extend my heartfelt gratitude to our incredible panelists Daniel Robinson Lisa Bryson Hamish Clark Laura Frost for sharing their expertise and experiences, as well as our incredible moderator Shyna Gangadharan for facilitating an insightful conversation. Their collective wisdom has empowered us to reimagine how we prioritize the well-being of our employees. I invite you all to watch the video, reflect on the valuable takeaways and join the conversation by leaving your thoughts and ideas in the comments. Let's continue championing employee well-being together and creating workplaces that nurture both personal and professional growth. Khalid Alkadi Siju Nair Abdullatif Gharib Aashir Hasnain Naveed Anwar Adil Rizvi Tala Al Deesi Noora Bin kalli Dalal Al Shamsi #EmployeeWellBeing #WorkplaceWellness #PanelDiscussion #togetherwethrive #hsbc

More recently, the bank haspivoted from west to east, strengthening its roots in Asia, which contributes most of its revenue. In particular, it’s been focusing more on China and Hong Kong, where it was founded by a Scotsman in 1865. The choice of Georges Elhedery, who was widely seen as the favorite for the top job, shows HSBC’s deepening commitment to a region that the London-based lender considers key to cementing its future. He can speak passable Mandarin, making him the first CEO in HSBC’s modern history possessing the key language skill. The ability to speak Mandarin is a recently acquired skill for the polyglot, who’s also proficient in English, French, Arabic, German, Spanish and Japanese. During his 2022 sabbatical, he spent part of his time-off learning the notoriously difficult language and a person familiar with the matter said he recently held a town hall meeting in Hong Kong partly in Chinese. HSBC Chairman Mark Tucker previously said the next CEO will maintain the bank’s focus on deepening its business across Asia. That means a particular focus for Elhedery will be in Asian wealth management where the bank wants to become the leading provider to the region’s affluent and ultra-rich. To do this, it will have to eclipse UBS Group AG, which took a commanding lead in the market after its takeover of Credit Suisse. The key to success for Elhedery could be managing the bank’s business in Hong Kong and China. His efforts at honing his Mandarin skills may give him a key tool that his predecessors have lacked: the ability to talk to policymakers and key clients in their own language. Source: Bloomberg News

I deeply care about #financialliteracy and it's proactive promotion as a key topic of societal interest 📚📉📈 Financial literacy is also a great example of how banks can actively engage and drive #socialimpact, a matter frequently brought up during the festive season. 🎄   I'd like to share some interesting insights from a new #BCG study: #Banks are in a prime position to blend #socialgood with #profitability. 🌍🏦 In the survey we discovered that #financialinclusion and #financialwellness are among the top priorities for banks, crucial levers in order to manage risk, drive commercial success, and foster positive societal change. 💹💚   Interestingly, a bank's #employees emerge as a vital force behind a bank's social agenda, ranked just after the C-suite and board members by survey respondents. 🧑💼👩💼 This highlights the importance of social engagement in enhancing employee morale, attracting #talent, and cultivating a culture of meaningful engagement. 🌟   So, how can banks elevate their impact on social issues? 🤔💭 Explore the slideshow below to learn about these strategies! 👉📊   #BCGinAustria #BCGinCentralEurope #FinancialInstitutions #FI #BCGFIPA