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Home   Membership   Education   Events   Resources   External Affairs      May 29, 2014


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Supreme Court cases show that now is a critical time for the workplace
Inside Counsel
The United States Supreme Court recently decided several important labor and employment related cases on issues ranging from whistleblower protection to severance pay. With more high profile cases expected to be decided before the Court concludes its term this June, now is a critical time for employers to take notice of the far reaching implications these decisions will have on the American workplace.
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'Slick' business models combat piracy
ITWeb Business
Even though the global gaming scene is on the cusp of digital distribution, piracy and the "black market" still present a challenge for consumers to buy games for a price that is proportionate to how much it costs to develop them. Desmond Kurz, gaming and digital manager at MWeb, says the cost of piracy, and the consequent measures imposed to combat it, has seen many heated debates over the years.
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The power and peril of predictive analytics
Human Resource Executive Online
According to a new study, a growing number of new hires — as well as top-performing employees — are choosing not to stick around for long. The 2014 PwC Saratoga U.S. Human Capital Effectiveness Report finds the percentage of employee headcount for new external hires increased by nearly 40 percent from 2010 to 2013. Unfortunately, more of those new hires are leaving before their one-year anniversary. Some organizations are turning to predictive analytics to boost their "quality of hire," and thus reduce the likelihood of first-year turnover by ensuring a better fit between job candidates and open positions, says Ranjan Dutta, a director of PwC Saratoga and an author of the report.
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When to panic: Dealing with unknown unknowns
South China Morning Post
When is the right time for businesses to press the panic button? Do they really need to wait until rioters are outside the factory gates, as in the case of Chinese-owned businesses in Vietnam? Or could contingency plans have been made and evasive action taken? It is tempting to believe that companies can foretell the future, or indeed be able to forecast all contingencies. Although an increasing number of advisory companies are out there claiming they've got the tools for this job, the truth is that it is impossible for businesses to be prepared for all external threats.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Off-the-clock activities that can get employees fired (HR Morning)
USDA announces risk management education program grants (The Prairie Star)
When disaster strikes: Risk management and business continuity (Healthcare Finance News)
Crisis management: How to prepare for when the sh*t hits the fan (Business 2 community)

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Death, injury and supply chain security
EBN
The universe of non-PC devices that makes up the Internet of Things is not only too often easy to hack, but hackers can even transform some devices into actual weapons that can harm or kill people. While supply chain parties and OEMs have yet to be held responsible for a hacked device used as a weapon, there is obvious cause for concern. Awareness about medical device vulnerabilities came to the forefront in the medical community last year when the U.S. Food and Drug Administration warned that implanted devices as well as health care networks were at risk of cyberattacks.
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Creating a corporate e-discovery readiness program
Inside Counsel
E-discovery as a practice area has increasingly specialized in the effort to keep up with advancements in business and communication technologies. Vendors herald breakthroughs in document processing virtually daily. Courts are constantly tweaking existing law to apply to new situations. Federal and state discovery rules are regularly under review for possible amendment. Even legal ethics now require lawyers to develop familiarity with relevant technologies that may affect their clients. Corporate legal departments have similarly specialized to adapt to the intense growth of e-discovery.
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US researchers to study probability, hazards of fire risks in coal mines
Canadian Underwriter
Two teams of researchers at West Virginia University are looking to enhance the coal mine safety by creating a knowledge base and computational model capable of quantifying the probability and associated hazards of spontaneous ignition, fire and explosion. Recent coal mine-related deaths in West Virginia and Turkey are among the incidents that reconfirm the modern safety standards of the industry do not provide an acceptable level of risk, notes a statement issued last week by WVU. Funded by a grant from the Alpha Foundation for the Improvement of Mine Safety and Health, the research will look at the evolution and triggers of particle-air combustion.
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3 tips to better risk management
DailyFx
While the question of money management may seem fairly straightforward, it remains the most critical component of any trading plan. Before placing a trade, traders should examine exactly what the risks associated with that trade.

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Religious garb and grooming in the workplace
New Hampshire Business Review
Q: Dalip is an observant Sikh who wears a turban, or dastar, as part of his religious beliefs. A few days after Dalip was hired at a bank, the manager began receiving complaints from customers who felt "uncomfortable" approaching him. In an effort to resolve these issues, the manager decides to ask Dalip to either remove his turban at work or take a position in which he spends most of his time on the phone. Can John do this?

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Crisis management: Get the boss involved before it's too late
Forbes
We all know them: car manufacturers flunking a recall; oil companies mismanaging a major accident; governments botching website launches; airline operations melting down while merging; chemical companies polluting drinking water ... and so the list goes on. When these situations seem entirely predictable and manageable, why do large and otherwise successful organizations get it so wrong?

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Reputational risk is the No. 1 concern for UK CEO's
The C Suite
Fears over brand damage are impacting attitudes to tax and executive pay. UK boards are among the most reputation-aware in the world, according to a new research report written by The Economist Intelligence Unit and published by international law firm Clifford Chance. It finds that 74 percent of UK board members see reputational damage as the most worrying consequence of an incident or scandal, ranking it as more serious than the potential direct financial costs, loss of business contracts and even impact on share price — this compares with a global average of 57 percent.
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Firing staff could present a security risk for your business
Business 2 Community
Unfortunately, every business has to let people go from time to time. Whether down to cost-cutting or because of poor work ethic, letting someone go is rarely a decision that's taken lightly. The reality is, getting rid of staff can be a security risk for your business. The following looks at why — along with how to deal with it.
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