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The RTO Ultimatum Shaking Wall Street

TASA ID: 22108

In an era when flexibility and autonomy are the new black, financial services leaders are ready to break the chains of traditional office norms. The results of a recent Deloitte and Workplace Intelligence survey make it clear: the future of the financial services sector is hanging in the balance, and leaders are prepared to walk out the door rather than surrender their hybrid work privileges.

The concept of work has undergone a radical transformation in the last few years. Gone are the days when the office was the only place for serious business. Flexibility and remote work have moved from being perks to being prerequisites for leaders in the financial services sector. But this shift isn't just about convenience. It's about fostering engagement, bolstering retention, and driving key outcomes, as the report reveals.

The Four Horseman of IT Project Doom: Identify Early Warning Signs to Avoid Failure

Republished with permission

TASA ID: 1302

William Shedd, a noted American Presbyterian Theologian in the 1800s, once said, “A ship is safe in harbor, but that’s not what ships are for.” Almost 150 years later, modern businesses are finding the principles behind this saying still hold true. In fact, this same line of thinking can effectively be applied to many information technology (IT) projects today.

IT investments comprise over half the capital budgets of U.S. organizations, but in spite of the obvious importance placed on IT, many projects are cancelled outright, completed late, over budget, or fail to deliver the promised business capabilities and financial ROI. Given the magnitude of the resources utilized, the opportunity costs, and the risks involved, IT projects are clearly an issue that deserves executive-level attention in addition to that afforded it by the chief information officer at your company. 

The planning and management of IT project investments is a material concern for those dealing with requirements of the Sarbanes-Oxley Act of 2002 (SOX), the Statement on Auditing Standards No. 70: Service Organizations (SAS 70), financial forecasts, SEC reports, and other regulatory and reporting requirements. Such concerns are not limited to U.S. companies and their foreign subsidiaries since these laws and standards potentially affect companies outside the U.S. as well.

Hybrid Work Could Save Knowledge Workers’ Jobs From AI

TASA ID: 22108

As the world slowly recovers from the pandemic, many knowledge workers find themselves at a crossroads. On one hand, the prospect of returning to the office stirs up a cocktail of dread and nostalgia. On the other hand, the threat of AI-driven job elimination looms large. It's like being caught between a rock and a hard place, or more aptly, between a swivel chair and a supercomputer.

But let's take a step back and examine the situation. The office, despite its occasional inconveniences, offers a unique environment for collaboration, innovation, and social interaction. It's the proverbial watering hole where ideas are exchanged, relationships are forged, and corporate culture is nurtured. That’s how I encourage my clients to frame the conversation in formulating their approach to hybrid work policy.

New Study Shows Shocking Lack of Hybrid Work Guidelines

TASA ID: 22108

As companies continue to navigate the new normal of remote and hybrid work, it is crucial that they establish clear expectations and guidelines for their employees. In addition, unlike Disney and Twitter, it’s very important that they don’t change their minds randomly when the leadership changes.

However, a recent survey conducted by Mercer found that only a third of organizations have formal rules in place for managing flexible work. Mercer assessed 749 organizations and found that 48% rely on informal and ambiguous guidelines to manage flexible work, 17% are completely hands off, and only 34% rely on clear and transparent formal rules. This lack of clear communication and expectations can have a serious impact on both retention and recruitment efforts.

The Perils of Assuming Everything Is Fine: Normalcy Bias and the Rushed Approval of the Boeing 737 Max 10 Jet

TASA ID: 22108

Congress just cleared the Boeing 737 Max 10 jet for certification in the omnibus end-of-year spending bill without further safety enhancements. That’s despite significant opposition by those demanding a safety upgrade: from the union representing the 15,000 pilots at American Airlines, from the families of those killed in the 2 deadly crashes in 2019, and from Rep. Peter DeFazio, chair of the House Transportation Committee. Rep. DeFazio led the key congressional investigation into the Max crashes, and said the language in the spending bill was included over his objection.

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