Every bank insured by the FDIC, and every credit union insured by the NCUA, is required to have a written security plan for each of their offices (the institution's main office and any branches it operates). For banks under the FDIC, developing and administering this plan is the responsibility of the bank's security officer, who is designated by the board of directors. The NCUA does not specify who is responsible for developing security plans for credit unions, but the chairperson of the credit union's board of directors must certify compliance with security requirements annually.
Promoting employee well-being is good for business. Research shows that employees are more productive—and organizations are more profitable—when the well-being of employees is a priority. Though wellness programs can seem taxing and expensive to implement, the pay-off is enormous. Employees are the lifeblood of an organization, so it only makes sense that businesses flourish when workers are at their healthiest.
Automation emerged as a way to complete repetitive, simple tasks using equipment (rather than human labor). By using automation, companies can (1) save money by hiring fewer employees and (2) utilize current workforces to carry out jobs that cannot be replaced by automation, e.g., entail critical thinking skills. Then came artificial intelligence (AI), which is a field of computer science aimed at performing jobs that do require skills like problem solving, planning, learning, and language processing. Examples include virtual assistants like Amazon's Alexa and Apple's Siri.
A multi-generational workforce consists of employees spanning multiple generations. Analysts have labeled generations with different names, such as Baby Boomers and Generation Y, and have highlighted characteristics shared by most members of each group. For instance, the Traditionalists are survivors of the Great Depression and World War II and therefore may tend to be more focused on patriotism, teamwork, and rules of order. Managers can better lead their employees by understanding these generational differences.
Employers, employees, and job seekers can all benefit from knowing what jobs will be in-demand in the future. Current workers and job seekers can use this information when considering a career change, continuing education opportunities, or a new position. This knowledge also helps employers looking to start a business, expand a company, or search for investors.
Check out our latest infographic to learn more about jobs that are expected to be in-demand in the future.
Banking facilitates the transfer of wealth in an economy. In its most simple form, rather than having someone carry around all their money, they keep it in a bank. When they need that money, they write a check or use a debit card. This ensures a safe transfer of money from one person to another.
In the United States, we have a dual banking system, meaning that we have banks that are chartered nationally in addition to banks that function under a state charter and regulations.
Risk management consists of four essential stages which, taken together, constitute a systematic process for dealing with the broad array of risks that an organization may face.
Stage 1: Identify the risks. The first step in managing risk is to determine what those risks are.
Stage 2: Assess the risks. Not all risks are equal. For the average company, the risk of having an employee injured in a workplace accident is higher than, for instance, the risk that a meteor will destroy its factory.
Many human resource professionals contribute to formulating pay structures, or systems that assess the value and corresponding pay of each employee or job position. Pay becomes a measure of the contribution made by an employee to his or her place of work. If a female employee receives less pay than her male counterpart, is the company inferring she is contributing less? Does the female employee view the situation this way?
Regular equal pay audits are useful tools for identifying pay gaps. Employers choose the parameters for these audits, like collecting pay data by gender.
Dismissing an employee is always a difficult task, and it can negatively affect both the employee and the employer—especially if it is mishandled. Most employers will try to avoid dismissal and will employ progressive discipline (warnings and other disciplinary acts) in an attempt to improve the situation.
In the United States, the doctrine of employment-at-will allows employers to fire employees without giving a reason (as long as the reason isn't illegal, such as discrimination based on age, gender, or race). Most companies dismiss a worker for a specific reason.
While organizations spend a lot of time and resources working to protect their digital assets, the physical security of the workplace is just as critical and just as subject to attack as is a network.
Physical security involves securing the site, building, office space, servers, computers, and other assets from being compromised at the actual location, rather than electronically over networks. It includes site design and layout, intrusion detection, fire protection, surveillance, physical access control, and emergency response.
It's important to remember that physical security consists of protecting against man-made threats, like intrusion or internal sabotage, as well as natural disasters, severe weather, and accidents that can cause floods, fire, and other problems.