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| January 23, 2018

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Employers want workers to recognize and act when colleagues are having a crisis

January 14, 2018 |

In a glass conference room in midtown Manhattan, a few dozen employees from Beacon Health Options are taking turns asking each other an incredibly awkward question: “Are you having thoughts of suicide?” There’s a right way to ask and a wrong way, and they’re here to learn the difference.

The exercise…


L.A. Times – Business

Klansman Convicted in Killing of Civil Rights Workers Dies

January 13, 2018 |

A KKK member responsible for the 1964 murder of three civil rights workers in Mississippi has died while serving a 60-year-sentence for manslaughter, the Clarion Ledger reports. The Mississippi Department of Corrections tells NPR that Edgar Ray Killen died Thursday night at the age of 92. He was suffering from…
Newser

Aflac Workers Cry Foul on Company’s Practices

January 12, 2018 |

It has boasted about being called one of the world’s most ethical companies, but based on what nine ex-Aflac employees are saying, the insurance company known for its annoying-sounding duck (once voiced by Gilbert Gottfried) may be anything but. The Intercept talked to the former workers, and current ones, and…
Newser

Retail workers’ jobs are transforming as shoppers’ habits change

January 8, 2018 |

With new options and conveniences, there’s never been a better time for shoppers. As for workers — well, not always.

The retail industry is being radically reshaped by technology, and nobody feels that disruption more starkly than 16 million American shelf stockers, salespeople, cashiers and other…


L.A. Times – Business

Korean Crypto Exchanges Go on Hiring Spree, Stealing Workers From Banks

January 6, 2018 |

Korean Crypto Exchanges Go on Hiring Spree, Stealing Workers From Banks

Major South Korean exchanges are on a hiring spree. The demand for cryptocurrencies and the government’s mandate for stronger security systems are driving the need for additional manpower at crypto exchanges. Their attractive employment benefits and flexible work environment are pulling workers from traditional banks and financial companies.

Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales

Major Korean Exchanges Are Hiring

Korean Crypto Exchanges Go on Hiring Spree, Stealing Workers From BanksSouth Korea’s largest cryptocurrency exchanges have announced that they will be hiring new staff. This announcement came amid the Korean government tightening regulations for cryptocurrencies.

Bithumb, which already has 450 employees, said it will hire 400 additional full-time staff. 300 of them will be at the company’s customer centers while 100 will be at its headquarters, Money Today reported. CEO Jeon Soo-yong was quoted by Chosun, “We decided to hire many workers to help create more jobs for young people and expand our operations.” The publication elaborated:

A hundred of the new workers will handle IT, overseas marketing and legal affairs at the headquarters, while the rest [300 employees] will man the call centers.

Korean Crypto Exchanges Go on Hiring Spree, Stealing Workers From BanksRival Upbit, backed by Kakao Corporation, currently employs about 100 people. The company plans to hire more than 100 new employees this year. Korbit will also increase personnel from about 60 to more than 100, Money Today detailed.

The accelerated growth rate of the Korean cryptocurrency market is driving demand for manpower. In addition, the demand for experienced IT personnel spiked at crypto exchanges due to a recent government order for “the establishment of a security and trading system at virtual currency exchanges with a level equal to that of financial institutions,” the publication described.

More Attractive Work Environment Than Banks

Korean Crypto Exchanges Go on Hiring Spree, Stealing Workers From BanksThe crypto market is “absorbing existing financial resources from [traditional] banks and brokerage firms” as it grows, the news outlet explained. “Existing banking personnel have applied for recruitment at major virtual currency exchanges such as Bithumb, Coinone, Korbit, and Upbit.”

Unlike traditional financial companies, workers have more freedom and flexibility, the work atmosphere is informal, and workers can leave early some days, the publication noted. Employment benefits at crypto exchanges also rival those of major conglomerates, Chosun conveyed, adding that, at Bithumb:

Workers get overtime pay, stock options and incentive payments as well as transportation expenses, food stipends, unlimited book purchase credits, fitness club memberships and even oriental medicine treatments and massages.

What do you think of Korean crypto exchanges going on a hiring spree and pulling workers from banks? Let us know in the comments section below.


Images courtesy of Shutterstock, Bithumb, and Upbit.


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The post Korean Crypto Exchanges Go on Hiring Spree, Stealing Workers From Banks appeared first on Bitcoin News.

Bitcoin News

California minimum-wage workers get a 50-cent raise starting next week as pay heads toward $15

December 29, 2017 |

Many lower-paid workers in California will get a raise on Jan. 1 under the state’s new minimum-wage law, which will eventually boost hourly pay to at least $ 15.

Starting Monday, small companies — those with 25 or fewer employees — will have to pay workers at least $ 10.50 an hour, up from $ 10. For…


L.A. Times – Business

Workers get more done Christmas week than you might think

December 29, 2017 |

Despite all the vacant desks in the office, for some workers, the week between Christmas and New Year’s is the most productive time of the year.

Though one-third of workers take the entire week off, overall productivity slumps only 5%, according to an analysis from file-sharing service Egnyte….


L.A. Times – Business

37 Call Center Workers Confirmed Dead in Mall Fire

December 26, 2017 |

Firefighters in the Philippines have found all 37 bodies of employees of a US-based company who were trapped in a blaze that gutted a shopping mall in southern Davao city. Mayor Sara Duterte-Carpio said that firefighters initially found one body at the NCCC Mall on Sunday, but that extreme heat…
Newser

Labor unions see organizing California marijuana workers as a way to grow

December 25, 2017 |

Unions have caught a whiff of a rare opportunity to organize a whole new set of workers as recreational marijuana becomes legal in California.

The United Farm Workers, Teamsters and United Food and Commercial Workers are looking to unionize the tens of thousands of potential workers involved in…


L.A. Times – Business