•   
  •   
  •   

MoneyUber to tie senior leadership compensation to meeting diversity goals

18:04  15 july  2019
18:04  15 july  2019 Source:   cnn.com

Timo Meier closing in on four-year extension with Sharks

Timo Meier closing in on four-year extension with Sharks The San Jose Sharks might not be huge players in the unrestricted free agent market this year, but they are working to keep one of their young players in town. According to Pierre LeBrun of The Athletic, Timo Meier is close to a four-year contract extension with the Sharks that will carry a $6M average annual value. Meier will still be a restricted free agent at the end of the deal and eligible for salary arbitration. With numbers rolling around for some of the top restricted free agents that sometimes approaches eight digits, the Sharks look like they got a steal of a deal with Meier.

Uber will tie executive compensation to meeting diversity goals . For the first time, Uber is setting some diversity and inclusion goals for 2022 that will be tied to the compensation of several of its senior executives — CEO Dara Khosrowshahi, chief financial officer Nelson Chai, chief legal officer

Related Articles ( UBER ). ARK Invest Analyst Discusses Tesla's Path To ,000 Share Price. Amazon Is Poised For Its Most Innovative Decade Yet. Analyzing Uber Technologies's Unusual Options Activity.

Uber to tie senior leadership compensation to meeting diversity goals© Scott Olson/Getty Images Travelers catch ride share vehicles at O'Hare Airport on April 10, 2019 in Chicago, Illinois.

Uber's workforce may still be mostly white men, but the company says it is taking new measures to diversify its staff, especially managerial roles.

The newly public ride-hailing company released on Monday its latest diversity report, which included a breakdown of its US workforce by race or ethnicity and gender. White men still make up the majority (30.1%) of its staff, a pattern that is even more evident in leadership, tech, and leadership in tech roles. Black women make up 5.3% of its overall workforce in the US, black men 4%, Hispanic women 3.7% and Hispanic men 4.6%.

Ohio Couple, Both in Their 100s, Tie the Knot After Meeting at Senior Home

Ohio Couple, Both in Their 100s, Tie the Knot After Meeting at Senior Home John, 100, and Phyllis Cook, 102, tied the knot Wednesday after meeting at a Sylvania, Ohio, assisted living facility. It's never too late to find love — again. John, 100, and Phyllis Cook, 102, tied the knot Wednesday after meeting at a Sylvania, Ohio, assisted living facility, according to WNWO. Both had been married before and lost their spouses, and never expected to find that type of connection again. "I know ... [it] may be a little bit far-fetched for somebody our age, but we fell in love with each other," said Phyllis.

D. Use Compensation to Hold Senior Leaders Accountable. The Board should consider Senior leadership at Uber should publicly support and embrace the value of Human Resources not This should also include diversity statistics of new recruits each year and goals for improving diversity

Uber will factor in whether it meets specific diversity targets when it calculates bonuses for its chief executive The diversity -related bonus policy was put into place this year. It calls for Uber to increase the number of Chipmaker Intel also includes diversity goals in its bonus calculation for top leaders .

For the first time, Uber is setting some diversity and inclusion goals for 2022 that will be tied to the compensation of several of its senior executives — CEO Dara Khosrowshahi, chief financial officer Nelson Chai, chief legal officer Tony West, and chief people officer Nikki Krishnamurthy.

Uber's global headcount has grown tremendously in the past year: It had approximately 26,000 employees at the end of March 2019, up from 18,000 the year prior. This number does not include drivers, whom Uber does not classify as employees but instead, as independent contractors. Uber had 3.9 million drivers globally at the end of 2018.

While adding thousands of new employees, Uber has shown some diversity gains. The percentage of women in leadership roles grew from 20.9% to 28% in the past year. The largest percentage of women in US leadership roles, though, are white. The amount women in tech leadership roles fell from 15.6% to 13.8%.

Britain is obsessed with ‘Love Island.’ Will the reality dating show take off in America, too?

Britain is obsessed with ‘Love Island.’ Will the reality dating show take off in America, too? It's like "Bachelor in Paradise," but with even more drama.

“ Uber had all kinds of cultural workplace problems…But, I don’t think what investors are penalizing Uber for is a lack of diversity among the leadership ," he Earlier this week, Uber announced new diversity and inclusion goals for 2022 that will be tied to the compensation of several of its senior

She joined Uber ’s senior leadership team in June 2017 in the midst of the ride-sharing company’s ongoing, very public struggleswith leadership trust and employee diversity . She is helping reshape the broader culture at Uber , according to an Uber announcement, including “company strategy and

At Lyft, by contrast, women occupied 32.8% of all its leadership roles in 2018, but only 11.5% of tech leadership positions. The company, which also went public this year, has not yet released its 2019 report.

Uber barely moved the needle on the number of Hispanic and black employees in tech leadership jobs, according to the report. Both are at 0.8%, up from zero percent last year.

Ahead of last year's diversity report release, Khosrowshahi told CNN Business that improving senior leadership diversity was a priority.

Its new diversity and inclusion goals for 2022 that are tied to compensation for some senior leaders are to increase the percentage of women in managerial roles and the percentage of underrepresented people in transitional roles, which are sometimes but not always, positions that include managing others.

Uber is also testing a "Rooney Rule" approach for mid-career hires. The original National Football League policy required teams to interview minority candidates for coaching and operations-level roles. In the report, Uber chief diversity officer Bo Young Lee wrote that the goal is to expand the Rooney Rule approach to all its hires in the future.

Canadians don’t often claim class action money, but they do from the RCMP. Why?

Canadians don’t often claim class action money, but they do from the RCMP. Why? One former litigator called take-up rates the “dirty little secret in class actions in Canada."

We may receive compensation when you click on links to those products. “This happened to my wife and I in Madrid when we ordered an Uber to go to the airport,” said TPG reader Ryan Benson. TPG Senior Points & Miles Writer JT Genter was in Paris in August when he requested an Uber to get

Microsoft Corp. will tie executive bonuses to workforce diversity goals after the company saw a second consecutive year of declines in the percentage “ Diversity and inclusion is something you’ve got to ingrain, you’ve got to keep talking about the business value, you’ve got to keep talking about

The company said it also plans to dig into more granular data in the coming months about its global workforce. It is collecting the information through a global self-ID survey where employees can voluntarily share information about their gender identity, veteran status, disabilities and caregiving status, in addition to answering questions about race, sexuality and socioeconomic status.

However, Uber didn't say in the report how many of its workers are on foreign work visas. Last year, it said 16% of US employees had work visas and that they represented 90 countries.

Tech companies like Apple, Microsoft, and Facebook started voluntarily releasing diversity reports in 2014 following increased scrutiny of the imbalance of gender and race in the industry. Other tech companies eventually followed suit. Uber shared its first diversity report in March 2017 when the company's "bro culture" and treatment of female employees in particular, was in the spotlight after a former female engineer alleged sexism and harassment.

Related video: How to handle a side hustle [Provided by Breakfast Television]

Canada’s air passenger ‘bill or rights’ comes into effect Monday. Here’s what it means for you

Canada’s air passenger ‘bill or rights’ comes into effect Monday. Here’s what it means for you The new regulations, the first phase of which take effect Monday, are already facing criticism from travellers' advocates and from airlines. The new regulations are meant to help air passengers like newlyweds Jadwat Saleh and Houda Halwani, who spoke to Global News at the Vancouver International Airport on Sunday. "Last time, my wife and I were delayed for six, seven hours, and we got a $50 voucher as compensation," said Saleh. "My last trip, we lost a bag -- actually it was damaged. We filed, we asked for everything, we got nothing.

A billion dollars of diversity initiatives have barely moved the needle. Could tying goals to executive pay make a difference? There are a wide variety of theories as to why this is the case, ranging from a lack of diversity in executive leadership teams to an exclusionary corporate culture, but the bottom

Google employees and investors and expected to present a proposal at the firm's annual shareholder meeting to link executive pay with diversity goals . It was rejected by Google parent Alphabet, who said it would be inconsequential. The proposal marks the latest effort by Google employees to revolt

Diversity and inclusion reports from tech companies have become more robust over the years — recognizing more forms of diversity, such as age breakdowns in an effort to combat ageism — but on the whole, show the industry's largely underwhelming progress.

Speaking generally about diversity reports, Allison Scott, chief research officer at the Kapor Center, told CNN Business that it is important companies continue to release reports so the public can know their demographics, and whether progress is being made.

"The lack of significant progress indicates how deeply ingrained inequity in tech actually is, and indicates comprehensive approaches — not quick fixes — are needed," Scott said. "We must ask ourselves, what are the negative consequences to companies when numbers don't change or hiring goals are not reached?" (Kapor Center's investment arm, Kapor Capital, invested in Uber in 2010.)

In its newest report, Uber also highlights some employee benefits, such as 18 weeks of parental leave for all full-time global employees. Uber drivers, who are classified as independent contractors and not as employees, do not receive similar benefits such as parental leave, overtime, workers' compensation, unemployment insurance, or paid sick leave.

A number of driver protests have surfaced in recent months, calling for better treatment and improved conditions for drivers.

Are you on LinkedIn? Follow Microsoft News Canada and keep up with the latest industry news, career, jobs and tech updates. Connect with us now!


Read more

Uber cuts marketing staff to reduce costs.
Uber on Monday confirmed it is cutting 400 jobs from its marketing team of more than 1,200 workers to reduce costs and improve efficiency. At the end of the first quarter, Uber reported having 24,494 workers worldwide, with more that 1,200 of them in marketing. Khosrowshahi in June tightened his grip on the wheel at the ride-hailing firm in the wake of a bumpy stock market debut.

Topical videos:

usr: 3
This is interesting!