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Home   Membership   Education   Events   Resources   External Affairs      July 08, 2014



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Religion on display
Human Resource Executive Online
It's not uncommon for an employee to claim his or her religious beliefs helped land them on the wrong end of an adverse employment action. In fact, these types of claims have been on the rise for at least a decade, with the number of religious discrimination complaints received by the Equal Employment Opportunity Commission climbing from 2,532 in the year 2003 to 3,721 in 2013, according to the EEOC. A new study finds, however, that the potential for religious discrimination exists well before an employee is even hired — or isn't hired, as it were.
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American workers die needlessly in the heat every year
The Washington Post
Do you ever pass a road crew digging up a street in 100-degree heat and suffocating humidity, and think (from inside your air-conditioned car): How on Earth do those guys handle that? According to the Occupational Safety and Health Administration, we could do a much better job of protecting those men and women. In 2012, 31 outdoor workers died in the heat and 4,120 fell ill, according to OSHA stats. Over the past 10 years, the average is 36 deaths and 2,810 heat-related illnesses each year. While that's bad enough, OSHA officials think the true numbers are higher, because autopsies aren’t usually performed on the victims and many heat-related deaths are listed as heart attacks.
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Survey: Corporate risk management is only going half way
The Wall Street Journal
Companies are working harder to identify potential risks to their business, but many still fail to incorporate those risks into strategic plans or inform the board of directors. Fewer than one in five executives say their companies are effective at managing newly identified strategic risks, according to a new survey of almost 100 senior financial executives from large public and private companies with global operations by APQC, a nonprofit business research firm.
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7 key elements of a workplace investigation
By D. Albert Brannen
Many issues that arise in the workplace require employers to conduct a prompt and thorough investigation. Among other things, employers should investigate allegations or reports of theft, fraud, harassment, discrimination, retaliation, workplace violence or threats, substance abuse, security breaches, inappropriate use of the employer's computers or other property, or other types of misconduct or poor performance. Although the underlying allegations may be different, certain basic elements should be a part of every investigation, as outlined in this article.
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The higher stocks go, the more important risk management becomes
Seeking Alpha
Just as the human brain is an extremely complex organ, the financial markets have an almost infinite number of factors that ultimately determine the value of our investment portfolios. Therefore, it is unlikely that "figuring it out as we go along" will produce favorable investment outcomes. In the present day, there are numerous and somewhat conflicting signals. On the bullish end of the spectrum, growth in the United States appears to be picking up and the Fed has been extremely accommodative. However, the economic bears can point to low inflation in Europe (fear of deflation) and rising prices in the United States that may force the Fed's hand.
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Using social media in a crisis: 7 best practices
IT News Africa
There's a gas explosion at your main manufacturing plant: Lives are at risk and production is likely to be affected. Your call center has been hit by an outbreak of food poisoning after a team party and is running at 20 percent capacity. Your products are contaminated and you need to perform a large scale product recall. These scenarios may vary from business to business, but the fact is that crises do occur, usually when you least expect them. When the world's eyes are on you in real time, thanks to social media, there is very little leeway to sit back and figure what to do next.
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Third-party risk management in financial services
Compliance Week
Today, banks and other financial services providers have increasingly complex relationships with third parties both at home and abroad. As outsourcing of key functions, sales and customer relations expand, and third parties themselves turn more to the use of sub-contractors, the risks presented become more challenging to manage. While recent third-party management guidance from the OCC and Federal Reserve has provided considerations for more comprehensive and standardized management capabilities, it remains a critical task for companies to define and operate their own approaches to third party management that can support, rather than detract from, their own business objectives.
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Separate companies, joint employers?
Human Resource Executive Online
Organizations are being advised to pay close attention to the NLRB's recent review of its case against Browning-Ferris Industries of California Inc., which focuses on the standard for determining joint-employer status. According to attorney G. Roger King, senior labor employment counsel for the HR Policy Association in Washington, and counsel for the JonesDay law firm, changing the decades-long standards regarding joint-employer status is a very significant issue that will impact the majority of employers.

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Workplace secrecy agreements appear to violate federal whistleblower laws
The Washington Post
In November 2012, the U.S. Department of Energy asked contract employees at the Hanford plutonium processing plant in Washington state to take an unusual oath. The DOE wanted them to sign nondisclosure agreements that prevented them from reporting wrongdoing at the nation's most contaminated nuclear facility without getting approval from an agency supervisor. The agreements also barred them from using any information for financial gain, a possible violation of federal whistleblower laws, which allow employees to collect reward money for reporting wrongdoing.

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The 5 step guide to using social media in crisis management
Business 2 Community
One of the benefits of social media is undoubtedly its immediacy and its timeliness. It is this very reason that social media is one of the most widely-used ways that brands and organizations connect with their audiences, particularly in times of crisis. When hit by complications; difficulties, and perhaps even blind panic, brands need a way to cut through the fog of spectacle and reach out to their customers; taking decisive responsibility for the matter at hand and issuing a clear plan of action.

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4 risks for emerging markets
CNNMoney
Emerging markets have bounced back this year but investors need to tread carefully to avoid boom turning to bust in the second half. The benchmark MSCI emerging market index has rallied by 6 percent since January 1 to reach levels not seen in over a year. Stocks in some countries have done much better: Turkey and Indonesia are up 14 percent, while India has posted a whopping 22 percent gain.
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Six ways not-for-profits can get value from risk management
Journal of Accountancy
Many not-for-profits lack the resources to implement a holistic approach to risk across the enterprise. So it's no surprise that they often lag behind public companies in implementing enterprise risk management (ERM). Indeed, just 13 percent of not-for-profits responding to a recently released survey said they have complete formal enterprise-wide risk management processes in place. By comparison, 52 percent of public companies and 43 percent of financial services companies participating in the Current State of Enterprise Risk Oversight survey performed by North Carolina State University's ERM Initiative for the AICPA have formal enterprise-wide risk management processes.
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Poor Wi-Fi risks losing hotels repeat business
Beta News
The hotel and leisure industry is based on understanding and meeting customer needs. But new research from network hardware company NETGEAR suggests that this doesn't stretch to the importance guests place on good Wi-Fi connections. The study finds that 76 percent of hospitality venues are convinced that their quality of service and facilities are far more important to customers than Wi-Fi. As many as 43 percent believe customers think poor or non-existent wireless access is a price worth paying for the experience on offer. However, the report's findings show that consumers disagree with these assumptions.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Small bribes, big problems: What's a company to do? (The Wall Street Journal)
Achieve better third-party security: Let us count the ways (CSO Online)
How cloud technology can pose huge risks to your business (The Daily Telegraph)
Risk managers are spending their time on the wrong things (eBiz)

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