The fiscal year ending June 30, 2024, turned out to be highly successful for New York City's five public pension systems. These systems, managed by the NYC Comptroller's Office through the Bureau of Asset Management (BAM), delivered a robust 10.0% return, net of fees, surpassing their 7% target.
RBC Investor Services (RBCIS) recently released a report detailing the performance of defined benefit (DB) pension plans for the second quarter of 2024. The report reveals a positive median return of 1.1 percent, despite a highly unpredictable market. Furthermore, a cumulative return of 4.4 percent
The UK is experiencing unprecedented heatwaves, with temperatures soaring up to 32°C in certain regions. Such extreme conditions raise significant concerns about employee health and safety, sparking a debate among HR departments on whether remote work should be permitted during these hot spells.
As organizations navigate the complexities of the modern work environment, the integration of artificial intelligence (AI) and the emphasis on mental health are becoming paramount focal points for sustainable growth and employee satisfaction. The Society for Human Resource Management (SHRM) has
Despite the widespread availability of health and wellbeing services as part of employee benefits in Singaporean workplaces, these services remain notably underutilized. This paradox is highlighted by a recent Cigna Healthcare poll, which gathered insights from 1,000 HR leaders and managers,
In today's competitive business environment, employee retention has emerged as a critical focus for organizations seeking long-term success. High turnover rates can be detrimental to a company's stability, productivity, and bottom line. Leveraging HR analytics offers a transformative approach to
Artificial intelligence (AI) is rapidly transforming the landscape of human resources (HR) and the workforce. Organizations across various sectors are integrating AI to streamline HR functions, enhance talent management, and foster a more adaptive and prepared workforce. This monumental shift
Work-Integrated Learning (WIL) has emerged as a vital component in bridging the gap between academic knowledge and practical workplace experience. However, a recent decline in the participation of Canadian youth in these programs underscores a potential threat to both the labor market and workforce
The HR technology market is buzzing with excitement over the introduction of Microsoft Viva Skills. Promising to redefine how organizations handle skill development, employee growth, and internal mobility, this new feature is poised to disrupt existing HR tech providers. Leveraging the extensive
In a rapidly evolving job market, the demand for artificial intelligence (AI) skills has skyrocketed. However, there is a noticeable disparity between the abilities that graduates acquire through higher education and the expertise that employers need. This widening gap poses a significant challenge
