Crossing the Same River Multiple Times

Every year, the editors of Pharmaceutical Technology Europe conduct a survey (1) designed to measure the state of the bio/pharma industry. The editors selected several intriguing areas of opportunities for participants to choose between, and as shown in Figure 8, just under half (47.3%) chose cell and gene therapies. In addition to cell and gene therapies, machine learning and artificial intelligence (22.3%) also drew significant interest from the survey population.

Introduction

Individualised employment relations formed a key pillar of the shift to neoliberal economic policy in the 1980s, complementing other dimensions of orthodoxy deployed across governments, public administrations and central banks in the same time. In the neoliberal narrative, market forces would ‘naturally' and justly compensate labour for its contribution to productivity, like any other input to production. Consequently, redistributive institutions empowering workers to win more adequate wages and conditions (through minimum wages, Awards, unionisation, and collective bargaining) were dramatically eroded, or discarded entirely. Combined with welfare state retrenchment, this restructuring of labour market policy increased the pressure on people to sell their labour, and under terms over which workers wielded little influence. Since then, forms of insecure, non-standard work have proliferated globally, and employment relations have been increasingly individualised. Now, most workers in Anglo-Saxon market economies, and a growing proportion of workers in European and Nordic nations, rely on individual contract instruments (underpinned only by minimum wage floors typically far below living wage benchmarks) to set the terms and conditions of employment. Wages have stagnated, the share of GDP going to workers has declined, and inequality and poverty (even among employed people) has intensified. More recently, after years of this employer-friendly hegemony in workplace relations, successive crises (first the GFC and then the COVID-19 pandemic) have more obviously shattered traditional expectations of a natural linkage between economic growth and workers' living standards.After a generation of experience with this individualised model of employment relations, and with the human costs of that approach becoming ever-more obvious, there is renewed concern with reimagining policies and structures which could support improvements in job quality, stability, and compensation. Important policy dialogue and innovation is now occurring in many industrial countries, in response to the negative consequences of neoliberal labour market policies. In those conversations, institutions like collective bargaining have returned to centre stage.

Salary Survey: The Age of COVID

With large shift to decentralized strategies, industry roles appear set for change Our 2022 Clinical Research Industry Salary and Employee Satisfaction Survey Report, a biennial survey of clinical trials professionals, conducted with our survey partner SCORR Marketing, shows no overwhelming deviations this year from previous years. In Figure 1 on the facing page, you can see the various functional areas and, expectedly, a higher proportion of clinical operations respondents, as that is our core content focus. [...]75% of the respondents do not receive non-cash compensation such as a car, stock options, or mobile phones. In the first five to seven years, employee value increases much more quickly than 3% a year (a typical merit increase). "Because the leaving and onboarding process is time-consuming and costly for employers, why not look to increasing the base pay via merit increases for current employees?

Women's Participation in Firms' Management and Their Impact on Financial Performance: Pre-COVID-19 and COVID-19 Period Evidence

At a time when gender equality is a key priority of all international organizations, this paper can be considered a remarkable contribution to the role of women executives in firms' performance. More specifically, this study focuses on the effect of women holding positions of responsibility on firms' performance worldwide. For the purposes of our research, we applied cross-sectional and panel data analysis for all sectors at an international level from 2019, the year preceding the breakout of the pandemic crisis, to 2021, while the indicators used to measure the participation of women in executive positions are classified as ESG indices. The empirical analysis findings end up showing that the participation of women in executive positions positively affects firms' performance over time, while there is no material change observed before and during the COVID-19 pandemic period. More specifically, when the percent of women processing job positions of responsibility increases by 10%, then the index of profitability will increase from 1.4% to 1.8%, regardless of the measurement of female participation in executive positions used. The results of this study constitute a remarkable contribution to the promotion of the creative economy, the progress of societies, and sustainable development. The research's outcome can be primarily used by policymakers drawing up policies for achieving gender equality in the labor market and workplaces and by shareholders and firms' managers in order to trust females in executive positions in favor of their firms' financial performance. The current study is unique in that it focuses on the period before and during the COVID-19 period, as a period of high volatility in economic activity worldwide, while the sample includes firms from large and mid-cap companies belonging to developed and emerging markets. The above approach will contribute to providing more credible information related to the role of women executives in firms' performance.

Analysis Of the Effectiveness of Risk- Based Internal Audit Implementation: A Case Study: Acces la Success

Background: Risk Based internal audit is a control and supervision activity carried out by internal auditors using the output of risk management. Purpose: The purpose of this study was to obtain a comprehensive understanding of the implementation of risk based internal audit at BPJS Ketenagakerjaan. Internal auditors need to know about risk management and risk maturity to identify key areas that require immediate supervision and follow-up. Method: This research is a case study qualitative research with a descriptive approach. Data was collected by means of interviews, observation and documentation. The analysis technique using triangulation is to collect data, reduce and draw conclusions. Results and findings: Researchers found that Social Security Agency while in Indonesian term is Badan Penyelenggara Jaminan Sosial (BPJS) Ketenagakerjaan as an institution that is mandated to manage labor social security membership fees and implement good governance and manage business risks. The risk management output is then used as the basis for conducting an internal audit. Discussion: BPJS Ketenagakerjaan carries out risk management to identify risks, identify areas that have potential risks and carry out risk profiling. This makes it easier for internal auditors to carry out the internal audit process. Impact: The results of risk management make it easier for auditors to identify risks and identify specific areas so that internal audits can run effectively and efficiently.

The role of compensation in shaping employee's behaviour: a mediation study through job satisfaction during the Covid-19 pandemic

PurposeThis research aimed to study the impact of compensation on employee retention and turnover intentions among healthcare employees. The study also tested the mediation role of job satisfaction in the relationship.Design/methodology/approachIn the present study, self-administrated questionnaires were distributed among 600 doctors working in public hospitals of Pakistan, following stratified sampling. The data analysis was conducted through SPSS and smart-PLS.FindingsResults of the present study supported all the hypotheses (H1–H7), such as the significant relationship of compensation with employee retention and turnover intentions. Results further confirmed the mediation effect of job satisfaction between compensation and employee retention as well as compensation and turnover intentions.Practical implicationsThis study is useful for policymakers and organizational managers since the study provides guidelines on employee retention and high turnover intentions and how these factors are influenced by improved compensation.Originality/valueThis study sheds light on the relationship of compensation together with employee retention and turnover intentions through the mediating role of job satisfaction in healthcare context, which was overlooked in the existing literature.

"I Could Be Unemployed the Rest of the Year”: Unprecedented Times and the Challenges of "Making More”

The COVID-19 pandemic has been unprecedented in many ways, but perhaps no more so than in the sudden expansion of—and increase in—unemployment assistance benefits. We ask how precarious workers, many of whom were "hustling” for money or engaged in creative fields, feel about making more on unemployment. How are they using the funds? We draw on remote interviews and online surveys with 199 gig and precarious workers in New York City during the first wave of the pandemic. We find that workers are ambivalent about unemployment assistance and concerned that a financial influx today portends a shortage tomorrow. This "specter of the unknown” affected workers' use of their benefits. As a result, even though the Coronavirus Aid, Relief, and Economic Security Act was intended to mitigate the social and economic impact of the pandemic, these programs—despite being helpful—may have also contributed to precarious workers becoming even more certain of their insecurity.

Build resilient enterprises with resilient people: the case of ASK Consulting

PurposeWhile strong risk management and contingency planning are important for building capabilities useful for quick adaptation to foreseeable disruptions, they may not be useful for preparing for black swan-type events or situations that lack sufficient precedent to understand how they impact businesses. The key to creating a resilient organization relies most on resilient human capital, who are capable of withering whatever changes Chance may throw at them and the organization.Design/methodology/approachUsing company data and semi-structured interviews, this paper presents the case study of ASK Consulting, a medium-size entrepreneurial enterprise that learned that human resources are the cornerstone of a resilient organization.FindingsResilient people exhibit three common traits: discipline, open-mindedness to change, and a sense of service to the team rather than themselves. Insights about these traits can be elicited by asking prospective employees three questions during their interview.Practical implicationsThis case provides an illustrative case study and straightforward guidance for identifying whether a job candidate has the traits of a resilient person.Originality/valueMuch of the research into organizational resilience focuses on scenario planning, contingencies, and building organizational capabilities. This provides a much more straightforward and actionable approach that focuses on only one type of resource and is not contingent on the availability of slack time and money to implement.

Disability Evaluations: Common Questions and Answers

Disability is a physical or mental impairment that substantially limits at least one major life activity. Family physicians are often asked to assess patients with disabling conditions that can impact insurance benefits, employment, and ability to access needed accommodations. Disability evaluations are needed for short-term work restrictions following a simple injury or illness and for more complex cases involving Social Security Disability Insurance, Supplemental Security Income, Family and Medical Leave Act, workers' compensation, and personal/private disability insurance claims. Using a stepwise approach built on awareness of the biologic, psychological, and social elements of disability assessment may facilitate this evaluation. Step 1 establishes the role of the physician in the disability evaluation process and the context of the request. In Step 2, the physician assesses impairments and establishes a diagnosis based on findings from an examination and validated diagnostic tools. In Step 3, the physician identifies specific participation restrictions by assessing the patient's ability to perform specific movements or activities and reviewing the employment environment and tasks. Steps 4 and 5 ensure proper documentation, billing, and coding. In complex cases, consultants such as psychiatrists and physical therapists may assist by providing insight into a patient's mental and physical impairments, activity limitations, and response to treatment. (Am Fam Physician. 2023;107(5):490–498. Copyright © 2023 American Academy of Family Physicians.)

Annual Retention Survey Results

Fiona Ellwood looks at the current recruitment landscape.

Addressing employee turnover in retail through CSR and transformational leadership

PurposeEmployee turnover, a reality that Indian retail organizations cannot ignore, is the central theme of this paper. The authors have aimed to empirically establish corporate social responsibility initiatives (CSRI) and transformational leadership (TL) as rather unconventional predictors that can potentially influence retail employees' intention to stay (ITS) through sequential mediation by employer branding (EB) and organizational identification (OI).Design/methodology/approachData collected using a structured questionnaire from three hundred and five frontline employees working with twenty-nine Indian retail outlets in the Delhi-National Capital Region (NCR) region was tested using structural equation modelling.FindingsFindings confirmed the impact of both CSRI and TL on ITS, with sequential mediation by EB and OI. While OI partially mediated the effect of EB on ITS, TL exerted more influence than CSRI in enhancing EB.Originality/valueThis study enhances retail literature by empirically testing a unique fusion of organization and individual-level predictors that influence ITS as an individual-level outcome. Having TL and a firm corporate philosophy of CSR spending can enhance a retailer's image as a preferred employer brand and generate OI to successfully address employee turnover

The Great Resignation: survival strategies for pediatric practice

The Great Resignation According to surveys from The Physicians Foundation in 2020 and 2021, 8% of medical practices closed, 32% of practices had to reduce staff, and 49% of physician experienced a reduction in income during the pandemic.1,2 Additionally, the US Bureau of Labor Statistics reported that health care workers were leaving the industry at a rate of 500,000 per month during 20223;Elsevier Health reports that 47% of US health care workers plan to leave their positions by 2025.4 Many physicians took government loans or pay cuts to keep practices afloat during the pandemic;when they reopened, patient volume took months to return to prepandemic levels. Over 230,000 physicians, nurse practitioners, and physician assistants quit their jobs by the end of 2021;the health care industry lost 20% of its workforce.6'7 Thus, the "Great Resignation" is considered one of the most significant sequalae of the COVID-19 pandemic. The Great Resignation today As I write this in February 2023, we continue to wear masks in our offices, work with significant clerical and clinical staff reductions, see more patients daily than we did prepandemic, and regularly see patients with mental health issues who need therapy. Many visits, such as for rashes, mental health and atten-tion-deficit/hyperactivity disorder medication checks, weight checks, conjunctivitis, and follow-up illness visits, are appropriate for virtual care.

European Cross-Sectoral Collective Bargaining as Post-Crisis Social Policy

This article proposes a policy project, centered around coordinated collective bargaining at the European Union level, to redistribute income towards low-wage workers in post-crisis Europe. It suggests we allow labor unions in sectors employing low-wage workers to present common wage demands across sectors and EU Member States. It shows that this would make union wage increases less harmful to workers and consumers than under uncoordinated sectoral bargaining, while coming more directly at the expense of managers and investors. The article then describes existing EU legal institutions that-although they do not quite amount to the policy proposed here-constitute useful precedents for it. These institutions are European social dialogue, European Works Councils, and European Framework Agreements bargained for by multinational firms and worker representatives. The article also discusses doctrines of EU competition and internal market law that could potentially be held to prohibit European cross-sectoral collective bargaining coordination. The article lays out arguments in favor of finding such coordination lawful, so that it may form part of the EU's policy arsenal to address wrenching economic inequalities worsened by the ongoing economic and health crises.

Pandemi, krisehåndtering og arbejdsliv

Da Mette Frederiksen lukkede ned for det danske samfund i midten af marts måned 2020 – som respons på den globale coronapandemi – var det en historisk uset grad af intervention på det danske arbejdsmarked, der medførte en næsten øjeblikkelig nedlukning for mange danske arbejdspladser både i det private og det offentlige. Det var på mange måder en usædvanlig beslutning, som fik store konsekvenser på stort set alle samfundsområder. Siden anden Verdenskrig, har der ikke været gennemført så pludselige og omfattende ændringer af arbejdsvilkår og arbejdets organisering med konsekvenser for de sociale relationer på arbejdspladser og for forholdene på arbejdsmarkedet mere generelt, som det skete under coronapandemien. I starten steg arbejdsløsheden voldsomt, og man indførte en række hjælpepakker til både virksomheder og lønmodtagere, som blev hjemsendt, f.eks. den såkaldte lønkompensation som skulle holde hånden under de ansatte i særligt udsatte brancher. Denne tilgang var ikke unik for Danmark. Alternate abstract:When Mette Frederiksen shut down Danish society in mid-March 2020 – in response to the global corona pandemic – it was a historically unprecedented degree of intervention in the Danish labor market, which led to an almost immediate shutdown of many Danish workplaces both in the private and the public sector. It was in many ways an unusual decision, which had major consequences in virtually all areas of society. Since the Second World War, there have not been such sudden and comprehensive changes to working conditions and the organization of work with consequences for social relations at workplaces and for conditions on the labor market more generally, as happened during the corona pandemic. At the start, unemployment rose sharply, and a number of aid packages were introduced for both companies and wage earners, who were sent home, e.g. the so-called wage compensation, which was supposed to hold the hand of the employees in particularly vulnerable industries. This approach was not unique to Denmark.

Crowd work in STEM‐related fields: A window of opportunity from a gender perspective?

After the Global Financial Crisis (2008) many people found new job opportunities on crowd platforms. The COVID‐19 crisis reinforced this trend and virtual work is expected to increase. Although the working conditions of individuals engaged on these platforms is an emerging topic, of research, the existing literature tends to overlook the gendered dimension of the gig economy. Following a quantitative approach, based on the statistical analysis of 444 profiles (platform Freelancer.com in Spain and Argentina), we examine the extent to which the gig economy reproduces gender inequalities such as the underrepresentation of women in STEM‐related tasks and the gender pay gap. While the findings reveal lower participation of women than men, this gap is not higher in Argentina than in Spain. Moreover, gender variations in hourly wages are not as marked as expected, and such differences disappear once STEM skill levels are controlled for. Asymmetry in individuals' STEM skill level provides a better explanation than gender of the hourly wage differences. This finding opens a window of opportunity to mitigate the classical gender discrimination that women face in technological fields in traditional labor markets. Finally, the paper identifies some issues concerning the methodological bias entailed by the use of an application programming interface in cyber‐research, when analyzing gender inequalities.

Analysing the impacts of Universal Basic Income in the changing world of work: Challenges to the psychological contract and a future research agenda

Technological developments within advanced economies are impacting organisations and working lives. With the advent of 'Industry 4.0', Universal Basic Income (UBI) is being cast as a potential 'buffer'-a social safety net-to the restructuring of organisations, jobs, and economies that are already underway. The Covid-19 pandemic is providing an additional impetus as governments instigate similar safety nets as employment falls in the wake of the virus. To date, much of the debate concerning UBI has taken place in disciplines outside the auspices of Human Resource Management with most commentary occurring within the spheres of economics and social policy. This conceptual study is one of the first within the human resource management (HRM) field to address the potential impacts of UBI on orientations to work and the management of employees. To do this, we focus on a central underpinning theory within HRM, the psychological contract and how this might be affected by its introduction. Finally, a research agenda is developed that provides options by which we might explore the implications of UBI for the practice of HRM when and if such schemes are implemented. (PsycInfo Database Record (c) 2022 APA, all rights reserved)

Parenting Without Predictability: Precarious Schedules, Parental Strain, and Work-Life Conflict

Against the backdrop of dramatic changes in work and family life, this article draws on survey data from 2,971 mothers working in the service sector to examine how unpredictable schedules are associated with three dimensions of parenting: difficulty arranging childcare, work-life conflict, and parenting stress. Results demonstrate that on-call shifts, shift timing changes, work hour volatility, and short advance notice of work schedules are positively associated with difficulty arranging childcare and work-life conflict. Mothers working these schedules are more likely to miss work. We consider how family structure and race moderate the relationship between schedule instability and these dimensions of parenting. Unstable work schedules, we argue, have important consequences for mothers working in the service industry.

THE IMPACT OF COVID 19 PANDEMIC ON BUSINESS RESULT OF LYFT PLATFORM

The aim is to analyse the business results of the Lyft platform during the Covid 19 pandemic. Research and analysis of business results are the basis for comparison with the business results of other corporations in the sharing economy model. Selected financial indicators were used in the analysis, which were put in relation with selected ride-hailing indicators. The research was done using the financial analysis of parameters from the corporation's profit and loss account, that is, statistical regression of the ride-hailing trend in the selected time period. The research results indicate a strong impact of the Covid 19 pandemic on the overall activities of the corporation. In the first quarter of 2020, during the lockdown in the USA, the corporation's revenues and the number of rides dropped sharply. The corporation's revenues continuously grew until the emergence of the Covid 19 pandemic, and fell sharply with the advent of the lockdown model. The same trend was shown with the number of ride-hailing activities. After emerging from the crisis, revenues are recovering as well as the number of ride-hailing.

'I have enough pressure as it is, without the worry of doing something wrong because of ignorance': The impact of Covid-19 on people who employ social care personal assistants

People with care and support needs were often badly affected by Covid-19, although the impact on people employing Personal Assistants (PAs) has not been addressed. We aimed to explore the experiences of people employing PAs during the pandemic to inform care systems and social work practice. Remote qualitative interviews were conducted with seventy PA employers across England in 2021–2022. Data were analysed thematically to explore salient themes. The Covid-19 pandemic elucidated role tensions of PA employers: Navigating care arrangements during a time of unprecedented uncertainty reinforced participants' role as an employer, but exposed some aspects of employment responsibilities and legal obligations that participants felt ill-equipped to manage. Reports of contact with or by social workers were few and not perceived as helpful. The often-informal nature of PA arrangements and its blurred relational boundaries affected participants' expectations of their PAs. PA employers would welcome support from social workers in their employment role and flexibility with care plans, albeit with greater autonomy over their Direct Payment (DP) budget to enhance the potential of this arrangement. In the context of declining DP uptake in England, our study offers some potential explanations for this, with suggestions for systemic change and social work practice.

Blue, rather than red light can nudge employees to choose delayed but larger wage payment

Most businesses have been severely affected during the ongoing Coronavirus Disease 2019 (COVID-19) pandemic, as they lack sufficient cash reserves for turnaround in this devastated business environment. This study presents a nudge-based approach for encouraging employees to choose delayed but larger wage payment. Through two laboratory experiments and one field experiment, we found that blue light more likely promotes individuals choosing the farsighted intertemporal option (i.e., delayed but larger payment) than red light. We further investigated why blue light can promote such a farsighted decision and found that the intradimensional difference comparison-that is, comparing the difference between the two options in the time dimension (time A,B) and the difference in the payoff dimension (payoff A,B)-mediates the effect of blue (vs. red) light on intertemporal choice. The current study demonstrates the effectiveness of light color and provides a solution to nudge people to make farsighted choices. (PsycInfo Database Record (c) 2023 APA, all rights reserved)