Low-paid opt out of 48-hour week rule

first_imgLow-paid opt out of 48-hour week ruleOn 12 Dec 2000 in Personnel Today Eight outof 10 staff at manufacturing and distribution companies have opted out of the48-hour week, according to a new study . The surveyexamined pay, benefits and conditions for 7,760 staff at 21 UK manufacturingand logistics organisations. It found that a large proportion of employees workin relatively low paid jobs and may routinely work overtime to boost earnings –taking them over the 48 hour limit.Of theorganisations questioned, overtime is paid at all but one of the 32 sites, withrates ranging from standard base pay rate to three times base pay. The mostcommon overtime rate is one-and-a-half times base pay.Accordingto the William M Mercer survey, two-thirds of the organisations rated pay asthe main factor influencing staff, followed by job security. www.wmmercer.com Previous Article Next Articlecenter_img Comments are closed. Related posts:No related photos.last_img read more

Putting the stress on action

first_imgRelated posts:No related photos. Susan Clarkson reviews: The ultimate stress show, by video artsFormat: the programmes includes video, course leaders guide,delegates worksheets, Powerpoint slides and self-study workbooks.Price: Purchase price £995, rental £185 for two days, excluding VATand deliveryFrom: Video Arts 020 7637 7288The format of this video comes as a bit of a shock when you first start towatch it and it could result in some people deciding to switch off. It is a sortof cross between an art-house movie and a sketch show such as Trigger Happy TV– not what you expect from Video Arts (Dawn French and Hugh Laurie are nowhereto be seen). Once you are used to the format (assuming that you are not completely putoff by now) the messages about the causes and effects of stress in its manyguises are put across in a simple to understand way. The use of a guardianangel who stands behind people telling them where they are going wrong is agood way of bringing each sketch to its conclusion and to a large degreeremoves the need for the on-screen messages telling you what the guardian angelhas just gone through. This is definitely a video for a large group. It covers many causes ofstress, from the boss who doesn’t listen, to the ‘jobsworth’ and the worker whojust can’t say no, so not everyone will identify with each issue personally.They will, however, be able to see someone they know in all the exaggerated andsometimes plain daft situations. It should be used in the wider context ofstress management so it is probably best viewed as part of a long-ishprogramme. The decidedly weird format may be a clever way of getting across the chaosand out-of-control feelings that people get when suffering from stress. I amnot sure though, if some of the message gets lost as the audience is trying towork out exactly what is going on. I certainly had to give it a second viewing, if only to get over the initialshock of how things are portrayed. And it is definitely not for those who faintat the sight of blood. Susan Clarke is HR manager at Esteem Systems Comments are closed. Previous Article Next Article Putting the stress on actionOn 1 May 2002 in Personnel Todaylast_img read more

Livingstone joins push for TUC’s City union rights

first_imgLivingstone joins push for TUC’s City union rightsOn 1 Oct 2002 in Personnel Today Previous Article Next Article TUC general secretary John Monks and London Mayor Ken Livingstone gave outleaflets to City workers last week, urging them to join a trade union to securetheir employment rights. Unions in London are running an ‘Organise the City’ campaign to raiseawareness of employment rights and increase the profile of trade unions in theCity. Volunteers have given out thousands of advice leaflets to workers at trainstations and targeted workplaces. Unions claim that bullying and harassment, discrimination, stress, excessiveworking hours, wrongly handled redundancies, unequal pay and wrongfuldeductions from pay are rife in the City. Monks said: “The businesses that are successful in the long-term arethose that practice justice, fairness and respect in the workplace. “It isno accident that 42 of the top 50 FT companies work closely with tradeunions.” Livingstone said he supported the campaign because it would help encourageCity employers to offer world class terms and conditions of employment.”Our objective must be quality employment rights,” he said. “I urge every employer in the City to work closely with trade unions topromote efficiency, safety and fairness at work.” www.tuc.org.uk Related posts:No related photos. Comments are closed. last_img read more

More emphasis on experience needed

first_imgMore emphasis on experience neededOn 1 Jul 2003 in Personnel Today Is it essential to be a nurse in order to become an occupational health practitioner?This was the controversial suggestion made by Maureen Williams, professionalofficer, community nursing and health visiting, of the Nursing and MidwiferyCouncil (NMC). In her presentation ‘Competence to Practice’, Williams explained how the NMCis undergoing an important consultation on ‘fitness to practice’, askingmembers to help decide how competency may be determined. She posed some difficult questions, including: is an academic qualificationa proxy for competence? Are OHPs being forced to acquire increasingly demandingqualifications to maintain competence, which could mean we will end up with”an exhausted workforce, all with PhDs”? She suggested perhaps there should be a greater emphasis on practicalexperience, saying: “We undervalue and don’t assess practice as a measureof competence as much as we should.” www.nmc-uk.orgDuring the break-out workshop session on this topic, delegates were splitinto groups and asked to discuss:– Factors that should be used to determine competence topractice generally– Factors that should be used to determine competence topractice in OH specifically– The level of qualifications required to achieve competence topractice– Is it essential to be a registered nurse to be an OHpractitioner?Unsurprisingly, the feedback from most of the delegates wasthat a nursing qualification was an important element of the job.All the answers were compiled by the AOHNP to be fed back to theNursing and Midwifery Council. Comments are closed. Related posts:No related photos. Previous Article Next Articlelast_img read more

Biden exec order lays foundation for restoring fair-housing rule

first_imgPresident Joe Biden (Getty) President Joe Biden has taken the first step toward reinstating a fair housing rule that was scrapped by the Trump administration last year.In an executive order signed Tuesday, Biden called on the secretary of the U.S. Department of Housing and Urban Development to study the effects of repealing the Affirmatively Furthering Fair Housing rule. (Biden has tapped Ohio Rep. Marcia Fudge to be HUD secretary; her confirmation hearing will be held on Friday.)The rule required local governments that receive federal funds to identify discriminatory housing policies and map out plans to combat them.The Trump administration repealed the 2015 rule this past summer, replacing it with a measure that allows localities to self-certify that they are abiding by fair housing laws. At the time, Trump praised the move as a win for the suburbs and for local governments, as they would no longer be saddled with a “burdensome and costly” mandate that opened the door to low-income housing.Opponents, while acknowledging that AFFH wasn’t a silver bullet for fighting discrimination, denounced the repeal as a step backward in reversing decades worth of exclusionary housing policies.The repeal has also drawn criticism from some multifamily developers and groups.“The legacy of redlining is still with us, as communities across America — including here in New York — continue to struggle with segregation,” Jolie Milstein, president and CEO the New York State Association for Affordable Housing, which represents affordable housing developers, said in a statement about the executive order. “We must vigilantly guard against overt and implicit discrimination in housing.”The executive order also instructs HUD to assess Trump’s changes to the 2013 “disparate impact” rule, which upped the pleading standards for making certain housing discrimination claims. Housing advocates have argued that those changes made it significantly more difficult for minority tenants and prospective buyers to take legal action when subjected to unintentional discrimination, since they needed to meet a five-pronged test just to pursue such allegations.In October, a federal court judge temporarily halted those changes from going into effect, saying they ran “the risk of effectively neutering disparate impact liability under the Fair Housing Act,” Politico reported at the time.Biden’s order aligns with his campaign promise to reverse steps the Trump administration took to undo Obama-era fair housing policies. The order instructs HUD to “take any necessary steps, as appropriate and consistent with applicable law, to implement the Fair Housing Act’s requirements that HUD administer its programs in a manner that affirmatively furthers fair housing and HUD’s overall duty to administer the Act … including by preventing practices with an unjustified discriminatory effect.”Those steps will likely include reinstating AFFH and tossing out the changes to the disparate impact rule. For Fudge — if she’s confirmed — that could mean simply declining to move forward with the disparate impact changes, since they are already blocked by the court. Restoring AFFH will likely be more involved.In a statement, Elaine Gross, founder of Long Island-based civil rights group ERASE Racism, said the executive order acknowledges the role local, federal and state governments play in reinforcing housing discrimination. However, she said, more needs to be done.“President Biden deserves credit for this important early action putting the force of the federal government behind opposing housing discrimination rather than advancing it,” she said. “The federal government’s commitment to fair housing, however, should be clarified by Congress and not left to be a byproduct of the commitment of any particular president.”Contact Kathryn Brenzel Email Address* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Message* Tagshousing discriminationJoe BidenPolitics Share via Shortlink Full Name*last_img read more

iBuyer competition debunked, and inside the digital closing revolution

first_imgWhat happened to location, location, location?Earlier this month, a digital collage sold for $69 million. So it’s hardly surprising that NFTs (non-fungible tokens, a.k.a. cryptocurrencies) are coming to real estate.Per Bloomberg, Republic Real Estate is launching a fund for investors looking to purchase virtual land. The idea is to develop virtual hotels and stores — which theoretically will increase the property value. The minimum investment is $25,000.“Buying land today in virtual worlds may end up feeling a lot like buying land in Manhattan in the 1750s,” said Janine Yorio, head of Republic. “There is massive growth ahead, and now is the time to get in on the ground floor.”STAT OF THE WEEK$7BGoogle’s planned investment in offices and data centers this year Future CityProptechTechnology “When you tell a 30-something male he’s Jesus Christ, he’s inclined to believe you.”— From Hulu’s trailer for its WeWork documentary  The digital closing revolution is hereWill closings ever be in person again? It sure doesn’t feel like it.Blend, a digital lending software startup, said this week it’s acquiring Title365 from the Mr. Cooper Group for $422 million. Blend’s president, Tim Mayopoulos, a former CEO of Fannie Mae, said the deal will help Blend scale its operation.Based in San Francisco, Blend closed a $75 million round in August 2020, valuing the company at $1.7 billion. The round was led by Canapi Ventures with participation from Temasek, General Atlantic, 8VC, Greylock and Emergence.Although JetClosing is not exactly a competitor, the digital closing startup raised $11 million last week and said it tapped former Amazon exec Anna Collins as CEO to take the company to the next stage. Collins takes over from Daniel Greenshields, who is leaving to pursue other opportunities.Based in Seattle, JetClosing was spun out of Pioneer Square Labs in 2016. Its platform can handle digital closings, refinancings and title and escrow — with demand for those services surging during the pandemic. JetClosing is licensed in seven states, which it says represents a $5 billion revenue opportunity.And ICYMI … Doma, the digital title startup formerly known as States Title, is going public in a $3 billion SPAC deal that will allow it to diversify its digital offerings. CEO Max Simkoff said the San Francisco startup plans to pursue home appraisals, warranties and other adjacent businesses. Tags Share via Shortlink Not all iBuyers are created equalZillow co-founder Spencer Rascoff made his thoughts on iBuying clear last week, when his SPAC struck a $3 billion deal to take Offerpad public. Yes, Offerpad will compete with Zillow, the company Rascoff left in 2019. Yes, it will also compete with Opendoor, the iBuying market leader that went public in a SPAC deal last year.As the three jockey for market share, here are some key differences.Opendoor: Serial entrepreneur Eric Wu’s startup was the first iBuyer on the scene in 2014, nabbing $1.5 billion from investors, including SoftBank. In addition to buying homes itself, Opendoor recently formed an in-house brokerage and rolled out a cash-backed offer program to help buyers purchase a home. It generated $2.6 billion in revenue in 2020, but lost $98 million on an EBITDA basis.Competitive advantage: First mover and market leaderKey challenge: Driving profits through ancillary servicesADVERTISEMENTOfferpad: Real estate investor Brian Bair started Offerpad in 2015 with two products: Express gives homeowners an immediate offer for their house, while Flex lists the house for them on the open market (with Offerpad’s offer as a back-up). In 2020, it generated $1.1 billion in revenue with $5 million in EBITDA losses.Competitive advantage: Focus on renovation means higher price appreciationKey challenge: Gaining market shareZillow: Co-founder Rich Barton returned as CEO in 2019 as Zillow pivoted to iBuying. The company has since added home tours, mortgage and title in order to become a “one-click nirvana” for buyers. Zillow’s iBuying business generated $1.7 billion in revenue in 2020, with $241.9 million in EBITDA losses.Competitive advantage: Consumer eyeballs and history of pricing properties (Zestimate)Key challenge: Scale and profitability Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink A new SPAC skipperBillionaire real estate investor and yacht enthusiast Andrew Farkas is sailing into the SPAC race.Farkas, the founder of merchant bank Island Capital, is raising $250 million for ICG Hypersonic Acquisition Corp., a proptech-focused blank-check firm.To set ICG apart in the crowded field, Farkas recruited big names in real estate and tech to the board, including Related Companies’ Jeff Blau, William P. Powder of the Estée Lauder Companies, Andreessen Horowitz’s Peter Levine, Seritage Growth Properties’ Andrea Olshan, and developer and investor Henry Silverman of Athos Capital Partners.More than 40 real estate-focused SPACs are currently in the market. So far, a handful of startups have gone public via the SPAC route, including Opendoor, an iBuyer, and View, a smart-glass maker.Who’s grave dancing now?Knotel’s sale to Newmark is nearly complete — after a bankruptcy court judge approved the sale of the troubled flex office startup. There were no other qualified bids, reported Business Insider.Knotel, which once had 200 locations, was valued at $1.3 billion in August 2019. It filed for bankruptcy in January, after losing $400 million in two years. Meanwhile, it’s faced mounting lawsuits and unpaid bills.It’s unclear how deep Newmark will cut, but Knotel filed a notice last month that it may lay off 106 people.When co-working is on the menuIn 2018, Maisha Burt was hitting up coffee shops to escape the monotony of working from home. One day, as she grabbed lunch at a near-empty restaurant, she had a eureka moment: Why not turn underused spaces in hotels and restaurants into co-working spaces?She founded WorkChew, which just closed a $2.5 million seed round led by Harlem Capital with participation from angel investors Kathryn Petralia, co-founder of fintech startup Kabbage, and Chris Maguire, co-founder of Etsy.“This model is capital light. You’re not signing leases. So you can go anywhere,” Jarrid Tingle, a managing partner at Harlem Capital, told Crunchbase News. WorkChew currently operates in Washington, D.C., Philadelphia and Chicago. It aims to be in 20 markets by the end of the year.Small bytes? Toronto’s Greensoil Proptech Ventures — backer of Procore and Dealpath — has launched a $100M fund.? Casavo, a Milan-based iBuyer, raised €200M, including €150M in debt from Goldman Sachs.? Refin expanded its iBuying program to the Washington, D.C., area.? John Rice, a former exec at Walt Disney and the NBA, joined Opendoor’s board.? Zibo, a platform for landlord financial services, raised an undisclosed amount from Camber Creek, bringing its total investment to $15M.? Google will hire 3,000 people this year as part of a $250M expansion in NYC.? Lone Wolf Technologies, a software company for real estate agents, launched a digital title insurance product.? 75F, a building management system that focuses on energy efficiency, closed a $23M Series A. Click here to join the thousands of knowledgeable readers who subscribe to Future City. last_img read more

Lawsuit to eject former HFZ principal Nir Meir from Hamptons home discontinued

first_imgThe countersuit filed by Meir against Monroe Capital, HFZ and the firm’s chairman Ziel Feldman was also discontinued this week. In addition, the notice of pendency on the property was canceled.Attorneys representing Meir and the Monroe Capital entity did not respond to requests for comment. Meir, HFZ Capital and Monroe Capital did not return requests for comment.The more than 6,600-square-foot Southampton home has seven bedrooms and a swimming pool, records show. A cottage known as “A Wee Lyr Mor” originally sat on the site. The wealthy Fulton Cutting family owned the property for decades, and listed it for $17.5 million in 2011.An LLC registered with HFZ’s New York office purchased the property for $10.5 million in 2013, records show. The buyer then applied for a demolition permit to knock down the cottage and build a modern home, sparking pushback from neighbors and a lawsuit that temporarily stalled construction. The new home was built in 2017. Last year, the owner of the property secured an $18.35 million mortgage from ConnectOne Bank.HFZ is facing a slew of lawsuits from its lenders and investors, and has lost control of a number of projects in Manhattan. In January, Los Angeles-based CIM Group, one of HFZ’s lenders, foreclosed on the junior mezzanine positions tied to four properties: 88 and 90 Lexington Avenue; The Astor at 235 West 75th Street; and Fifty Third and Eighth at 301 West 53rd Street.Contact Keith Larsen Nir Meir and 40 Meadow Lane (Google Maps)A lawsuit that sought to eject former HFZ Capital Group principal Nir Meir from a Hamptons home was discontinued on Monday.An entity tied to Monroe Capital, one of HFZ’s lenders, filed the lawsuit in New York State Supreme Court in December, just weeks after Meir left the embattled real estate firm. The complaint alleged that the Monroe entity held the title to the home at 40 Meadow Lane, but Meir was living there without the owner’s consent. The company claimed that Meir was blocking it from taking possession of the property, and filed a notice of pendency preventing him from selling the home.Meir fired back with a countersuit in January, alleging that HFZ convinced Monroe Capital to participate in a scheme to fraudulently purport to “transfer” the property to reduce Feldman’s personal liability to Monroe Capital. Meir claimed that he controlled 95 percent of the entity that ultimately owned the home, while HFZ owned only 5 percent.ADVERTISEMENTRead moreFormer HFZ principal Nir Meir faces ejection from Hamptons HomeNir Meir seeks to throw out Hamptons ejection suitHow HFZ became the face of Manhattan’s condo woes Message* Share via Shortlink Email Address* Full Name* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Tags hamptons-weeklyHFZ Capitallawsuitlast_img read more

Manhattan’s luxury market continues 7-week contract streak

first_img Luxury Real EstateManhattan Condo MarketResidential Real Estatetownhouse market Full Name* Tags Share via Shortlink Message* Email Address* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Read moreFormer Goldman exec behind Epstein townhouse buy: reportVince Viola’s UES mansion was Manhattan’s priciest deal last weekJeffrey Epstein’s UES townhouse was priciest Manhattan deal last week 19 West 12th Street (left) and 11 East 93rd Street (Photos via Sotheby’s and Compass)Luxury contracts made gains again last week.The week saw 41 deals inked, up from 38 the week before, according to Olshan Realty’s weekly report on contracts signed for Manhattan residential properties asking $4 million or more.It marked the seventh consecutive week in which more than 30 deals went into contract, the longest such run since the report began in 2006.The strong demand from buyers has been a consistent trend since the start of 2021. There have been a total of 343 luxury contracts signed year to date, up from 215 during the same time period in 2020.“It’s really unbelievable. It’s the best start to the spring we’ve ever had,” said Donna Olshan, the report’s author. “2020 was a garbage year and now that market is playing catch up.”ADVERTISEMENTHowever, year-over-year comparisons won’t show much in the coming weeks: This time last year was when the state banned in-person home showings. During the last week of March 2020 and the first three weeks in April, there were two luxury contracts signed each week.The top contract last week was for a Greenwich Village townhouse with a large rear garden and rooftop terrace last asking $22.5 million. The five-bedroom home at 19 West 12th Street was initially listed in February 2016 asking $34.95 million. The seller, who bought the property for $13.5 million in 2008, made out in the green.The second most expensive deal was for a six-story townhouse on the Upper East Side. The home at 11 East 93rd Street was listed in September asking $16.5 million. The seven-bedroom property has a rooftop terrace with a pool, an elevator and a bicycle elevator.Last week’s average listing discount was 11 percent from initial ask to final ask with an average period of 588 days on the market. The median asking price was $5.75 million. Of the 41 contracts, 28 were for condos, eight were for co-ops and five were for townhouses.Contact Erin Hudsonlast_img read more

Mackerel icefish Champsocephalus gunnari in the diet of upper trophic level predators at South Georgia: implications for fisheries management

first_imgThe mackerel icefish Champsocephalus gunnari Lönnberg is an important component of the ecosystem at South Georgia. Its diet is dominated by Antarctic krill Euphausia superba; in turn, it is also an important prey of a number of upper trophic level predators, as well as being the target of commercial fisheries. Data on the frequency and size structure of mackerel icefish in the diet of Antarctic fur seals Arctocephalus gazella and gentoo penguins Pygoscelis papua from 1991 to 2002 were used to examine trophic interactions involving this species and to evaluate the potential impact of predators on its population. Mackerel icefish occurred in 10 to 20% of scats from Antarctic fur seals and comprised 48% of the diet by mass of gentoo penguins. The contribution of mackerel icefish to the diet of predators was in inverse proportion to the contribution of Antarctic krill. The length-frequency distributions of mackerel icefish indicated a dominant mode at 130 to 180 mm total length (the 1+ age class), with apparent strong cohorts entering the population in 1993, 1996, 1999 and 2001. Extrapolation of diet data to produce a consumption estimate for the South Georgia population of Antarctic fur seals and gentoo penguins suggests that scientific trawl surveys may underestimate the standing stock of mackerel icefish by 1 order of magnitude. Changes in the South Georgia ecosystem over the past 2 decades may have increased the level of consumption of mackerel icefish by predators, providing a potential ecosystem-based explanation for the lack of a recovery to the pre-exploitation population size.last_img read more

Subglacial intermediate volcanism at Kerlingarfjoll, Iceland: magma-water interactions beneath thick ice

The products of andesite and dacite glaciovolcanism at Kerlingarfjoll are unlike others previously described in the literature. Three sequences of lithofacies are described and interpreted here. The andesitic deposits at “Campsite Gully” are divided into: massive vitriclastic lapilli tuff with intrusions; fluidal-clast-bearing vitriclastic lapilli tuff; and stratified, pumice-rich vitriclastic lapilli tuff. At Tindur, andesitic eruptions produced contorted pillow fragment breccia and the clast-supported lithic breccia. Finally, pillow lava with intrusions and crudely-bedded vitriclastic lapilli tuff of dacitic composition are described at Haraldur. Abundant vitriclasts, the presence of pillow lavas, hackly fracturing of lava bodies and lack of oxidation of clasts demonstrate that each of these lithofacies formed in the presence of abundant water. This contrasts with all other descriptions of subglacially-erupted intermediate magmas, which are characterised by jointed and glassy lava flows and domes with a marked scarcity of fragmental material. The Kerlingarfjoll sequences therefore demonstrate that it is possible for intermediate magmas to generate and interact with significant volumes of water at the base of a glacier. Preliminary estimates of volatile contents in glassy clasts correspond to quenching pressures equivalent to >500 m water or >550 m ice. This is consistent with eruption beneath an ice sheet that was thick enough to overwhelm the underlying topography and where meltwater drainage was controlled by the morphology of the glacier surface. It is argued that the drainage of water due to steep topography and/or thin and fractured ice, as opposed to thermodynamic considerations, is the most likely explanation for the absence of evidence for significant magma-water interaction in previously described instances of intermediate glaciovolcanism. The apparent low viscosity of the Kerlingarfjoll magmas may relate to relatively high eruption temperatures and/or the inhibition of degassing of the magma due to high ambient pressures and the consequent limitation of groundmass crystallisation. (C) 2009 Elsevier B.V. All rights reserved. read more