Company’s Employees – Obitel Kiev http://obitel.kiev.ua/ Just another WordPress site Tue, 20 Jul 2021 14:20:10 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 http://obitel.kiev.ua/wp-content/uploads/2021/07/icon-2-150x150.png Company’s Employees – Obitel Kiev http://obitel.kiev.ua/ 32 32 How unproven Alzheimer’s drug Aduhelm was approved http://obitel.kiev.ua/how-unproven-alzheimers-drug-aduhelm-was-approved/ http://obitel.kiev.ua/how-unproven-alzheimers-drug-aduhelm-was-approved/#respond Tue, 20 Jul 2021 13:29:00 +0000 http://obitel.kiev.ua/how-unproven-alzheimers-drug-aduhelm-was-approved/ The idea of ​​fast track approval popped up briefly towards the end, brought up by Dr. Rick Pazdur, chief of the FDA oncology center, who was not on the board. This was not discussed in detail, but after the meeting, given the board’s rejection of standard approval, expedited approval appeared to be the only way […]]]>

The idea of ​​fast track approval popped up briefly towards the end, brought up by Dr. Rick Pazdur, chief of the FDA oncology center, who was not on the board. This was not discussed in detail, but after the meeting, given the board’s rejection of standard approval, expedited approval appeared to be the only way to make the drug available.

On April 26, Dr Patrizia Cavazzoni, boss of Dr Dunn and director of the Center for Drug Evaluation and Research, led a smaller meeting on expedited approval, which had never been used for drugs against D’s disease. Alzheimer’s.

In fact, the most recent from the FDA advice for Alzheimer’s Disease Drugs, published by Dr Dunn in 2018, claims that “the fast-track approval standard” had yet to be met for the disease, “despite much research.” The guide says this is because “unfortunately there is currently no sufficiently reliable evidence” that attacking amyloid plaques or other biomarkers of Alzheimer’s disease “would be reasonably likely to predict clinical benefit. “.

And at the November advisory committee meeting, Dr Dunn said that in considering whether to approve aducanumab, “we are not using amyloid as a surrogate for efficacy.”

In expedited approval, while a drug is on the market, a company has to do an additional trial, an expensive endeavor. Biogen said her goal was standard approval, which she believed her data supported.

At the April 26 meeting, Dr Cavazzoni invited two officials not involved in neurological drugs who had frequently used fast-track approval: Dr Pazdur and Dr Peter Marks, the leading vaccine regulator. They and Dr Cavazzoni voted to grant such approval to aducanumab, as did Dr Issam Zineh, director of the Bureau of Pharmacology, and Dr Jacqueline Corrigan-Curay, who led the internal review of the FDA-collaboration. Biogen.

Office of Translational Sciences Director Dr. ShaAvhrée Buckman-Garner – who oversees both pharmacology and biostatistics offices – did not vote yes or no, saying she understood both arguments. The only unclear, FDA documents say, was the director of the office of biostatistics, Dr Sylva Collins, “stating her belief that there is not enough evidence to support expedited approval or any other type of approval”.


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Startup employees pocket $ 100 million from ESOPs in first half of 2021 http://obitel.kiev.ua/startup-employees-pocket-100-million-from-esops-in-first-half-of-2021/ http://obitel.kiev.ua/startup-employees-pocket-100-million-from-esops-in-first-half-of-2021/#respond Fri, 16 Jul 2021 05:17:57 +0000 http://obitel.kiev.ua/startup-employees-pocket-100-million-from-esops-in-first-half-of-2021/ Big tech companies in India are looking for ways to reward their employees, including through employee share buyback plans (ESOPs). In the first half of 2021 itself, a dozen companies announced their ESOP buyout plans worth more than $ 100 million. FintrackrResearch shows that companies such as Udaan, ShareChat, Razorpay, CRED and several others had […]]]>

Big tech companies in India are looking for ways to reward their employees, including through employee share buyback plans (ESOPs). In the first half of 2021 itself, a dozen companies announced their ESOP buyout plans worth more than $ 100 million.

FintrackrResearch shows that companies such as Udaan, ShareChat, Razorpay, CRED and several others had already bought up to $ 73 million in shares held by their employees. Meanwhile, Zerodha became the biggest buyer of ESOP in 2021 (so far) with $ 27 million. The transaction is said to be ongoing.

Active employees of B2B e-commerce unicorn Udaan unloaded ESOPs worth $ 23 million to the company’s investor as part of a secondary share buyback program in April. ShareChat, which achieved “unicorn” status in April, has bought back more than $ 19 million from ESOP from current and former staff.

Except that, reports suggest that large e-commerce Flipkart is considering a mega ESOP buyout plan worth Rs 600 crore as part of its recent fundraiser.

Both ESOP buybacks and secondary share buybacks by investors have increased over the past two years, which investors say is a sign of the maturity of the ecosystem.

“These deals show that the Indian startup ecosystem has matured and is on par with evolved ecosystems like Silicon Valley in terms of adopting best practices,” a venture capitalist said on condition of anonymity.

Also last year, several companies bought back shares from their employees. According to Fintrackr’s data, 12 companies including Zerodha, Swiggy, Unacademy, FirstCry, Urban Company, and Meesho bought nearly $ 50 million worth of ESOP from their employees in 2020. Swiggy and Zerodha have proven to be the biggest creators of wealth for their employees last year with $ 9 million in buybacks each.

ESOP

How the culture of ESOP has evolved over the years

Prior to Flipkart’s massive takeover of ESOP in 2018, stock ownership was not a standard or popular practice for startups and their employees. But as hundreds of former and former Flipkart employees received large payouts after Flipkart set aside $ 500 million to buy their shares, the attitude towards ESOPs began to change as a result. potentially valuable instrument.

Around this time, Flipkart bought ESOPs from hundreds of employees and many of them became millionaires. In the same year, around 300 Paytm employees also sold their shares worth Rs 300 crore to Canadian company Discovery Capital as part of a side transaction.

As a result of these wealth-bearing events, confidence in ESOPs has multiplied and strengthened over the past two years, with many companies buying out ESOPs or facilitating liquidity to former and existing employees through side agreements. .

Employees play a central role in the success of any startup. Along with the co-founders and funders, employees are involved in shaping and achieving the purpose of the organization. Therefore, they deserve to be attributed through such redemptions and secondary transactions.

“We have hosted three ESOP buyout events in the past four years and they have proven to be a boost to employee confidence. These withdrawals help achieve individual goals and give them a sense of ownership, which ultimately translates into efficiency and greater accountability, ”said Abhiraj Bhal, co-founder and CEO of Urban Company.

So far, Urban Company has sold $ 8.5 million worth of shares through the company’s ESOP. buyback and secondary programs in 2017, 2018 and 2020.

In high growth companies, buying ESOP seems to be the only way to increase or allocate participation to new investors. According to the VC cited above, the founders of Unicorn or Decacorne do not want to dilute their stake. “Finding a place in such companies is difficult for investors and buying part of employee shares has proven to be a popular practice,” added the VC.

Startups have added shares worth $ 700 million to their ESOP pool since January 2020

In addition to offering outings to ESOP holders, nearly 20 companies have expanded their ESOP pool in 2020. According to FintrackrBy 2020’s estimate, collectively they had grown their ESOP pool by more than $ 530 million. Byju’s and Oyo topped the list with an additional $ 208 million and $ 143 million, respectively. Swiggy, ShareChat, Unacademy, and Rebel Foods were other top startups to expand their ESOP pool in 2020.

According to experts in recruiting and people management, the ESOP component is a must when startups are recruiting in all functions, from CXO to mid-level. “Typically, the ESOP component is between 60% and 100% of annual pay (read CTC) for junior level employees, while it goes up to 3 times for middle management positions,” he said. One of the senior executives of a solidifying consulting firm The person requested anonymity because they are not authorized to speak to the media.

“In the case of CXO level positions, the ESOP component climbs up to 3-4X of the CTC or even higher if the candidate is highly qualified and has a proven track record,” the person added.

The expansion of the ESOP pool by several growth-stage companies also continues in 2021. As of June of this year, nine companies had expanded their pools to the tune of $ 170 million. The number is likely to double in the second half of the current year, says a venture capitalist who declined to be named.

The challenges continue to prevail

The rapid pace at which the allocation, expansion and buyout of ESOP has gained momentum in India is a good sign, the way it is taxed continues to be a challenge for employees. After acquisition, if an employee wishes to exercise their ESOPs, they must pay capital gains tax. Capital gain is essentially a tax on the price difference between fair market value and strike price.

ESOP

“This must be resolved because the current taxation is very severe. Why would anyone pay a capital gain to exercise the ESOP that they didn’t make any money on, ”said Deepak Abbot, co-founder of indiagold. “The government should only tax ESOPs when the person collects them. If that happened, confidence in ESOPs would increase many times over.

Currently, many ESOP holders in all companies do not exercise their ESOPs because they do not want to pay capital gains tax. Two years ago, the government recognized the problem and eased the tax burden on employees by deferring the payment of tax for five years or until they leave the company or sell their shares (depending on the first possibility). But the catch was that it only applied to companies recognized under the Startup India program.

This too comes with a caveat. Startups under this program that request a tax deferral for ESOPs must obtain special permission from the income tax department. According to experts in charge of ESOP-related taxation, less than 1% of startups (less than 500) under the Startup India program have qualified for such relief.


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Katahdin Trust Rewards Employees for Years of Service and Names Top of The Mountain Award Recipient http://obitel.kiev.ua/katahdin-trust-rewards-employees-for-years-of-service-and-names-top-of-the-mountain-award-recipient/ http://obitel.kiev.ua/katahdin-trust-rewards-employees-for-years-of-service-and-names-top-of-the-mountain-award-recipient/#respond Fri, 09 Jul 2021 18:10:14 +0000 http://obitel.kiev.ua/katahdin-trust-rewards-employees-for-years-of-service-and-names-top-of-the-mountain-award-recipient/ HOULTON – Katahdin Trust, a community bank serving northern Maine and the greater Bangor and Portland areas, recently hosted a company-wide virtual employee appreciation event to honor employees for their hard work and their dedication. During the event, employees who celebrated a milestone year with the Bank were honored and the recipient of the Bank’s […]]]>

HOULTON – Katahdin Trust, a community bank serving northern Maine and the greater Bangor and Portland areas, recently hosted a company-wide virtual employee appreciation event to honor employees for their hard work and their dedication. During the event, employees who celebrated a milestone year with the Bank were honored and the recipient of the Bank’s Community Commitment Award was announced.

“Our greatest asset is our people,” said Jon Prescott, President and CEO of Katahdin Trust. “To honor and recognize the accomplishments and dedication of our employees to the Bank, we hold a celebration every year. Although this year’s event was virtual, our employee engagement team managed to create a fun program for everyone to enjoy. I couldn’t be more proud to recognize a team that is committed to exceeding customer expectations every day.

The following employees have reached a milestone anniversary and have been recognized for their accomplishments ranging from five to 30 years of service. As a reward for their years of service, Katahdin Trust offers recognized individuals the choice of additional days off or a cash gift based on their years of service.


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GGRAsia – Covid-19 jab unrelated to bonus for non-gmt staff: Melco http://obitel.kiev.ua/ggrasia-covid-19-jab-unrelated-to-bonus-for-non-gmt-staff-melco/ http://obitel.kiev.ua/ggrasia-covid-19-jab-unrelated-to-bonus-for-non-gmt-staff-melco/#respond Tue, 06 Jul 2021 05:01:19 +0000 http://obitel.kiev.ua/ggrasia-covid-19-jab-unrelated-to-bonus-for-non-gmt-staff-melco/ Covid-19 jab unrelated to bonus for unmanaged staff: Melco Jul 06, 2021 News desk Latest news, Macau, Top of the deck &nbsp The Covid-19 vaccination status for “non-executive” employees of Melco Resorts and Entertainment Ltd is not a factor in deciding whether they are entitled to a discretionary bonus, the Macau gaming operator said in […]]]>

Covid-19 jab unrelated to bonus for unmanaged staff: Melco


The Covid-19 vaccination status for “non-executive” employees of Melco Resorts and Entertainment Ltd is not a factor in deciding whether they are entitled to a discretionary bonus, the Macau gaming operator said in a statement. statement emailed Tuesday to GGRAsia, in response to our investigation.

A report by Chinese-language media outlet Allin Media released last week, citing anonymous company sources, suggested that Melco Resorts recently emailed some of its employees saying it was a factor. to be taken into account when deciding on a discretionary bonus for this year – and certain other incentives has the company achieved at least “75%” of vaccine coverage against Covid-19 for its employees in Hong Kong and Macau.

The report suggested that such an objective was a complementary policy to that of Melco Resorts. incentive system announced in May, where Macau staff vaccinated against Covid-19 would receive 1,000 MOP (US $ 125), plus the chance to enter a raffle to win one of six cash prizes valued at 1 million MOP each.

Melco Resorts did not address the specific point of whether 75 percent immunization coverage was an additional company policy.

He told GGRAsia: “Our company’s bonus system depends on a number of factors, including employee performance, the company’s business situation and key goals.

The gaming operator added: “Bonuses from non-executive colleagues are not related to [Covid-19] vaccination status.

The response did not specify whether executives were bound by such a condition for any form of inducement.

Melco Resorts’ response said, “Melco fully respects each colleague’s personal choice regarding vaccination. The health and safety of colleagues, guests and the Melco community is always our top priority. “

Officials from the Macao Novel Coronavirus Response and Coordination Center were asked about the matter during a regular press briefing on Monday.

Tai Wa Hou, director of the Conde S. Januário public hospital, said: “If the company’s incentives are appropriate, or if the company offers real benefits to the staff who do so. [get Covid-19 vaccination], we do not oppose it.

“But, in all cases, the company must respect the principle that vaccination should be a voluntary choice of employees,” Tai said, adding: “… the privacy of employees and their willingness to volunteer. must be observed. . “




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600 Topeka, Kansas Frito-Lay workers on strike after rejecting union-negotiated deal http://obitel.kiev.ua/600-topeka-kansas-frito-lay-workers-on-strike-after-rejecting-union-negotiated-deal/ http://obitel.kiev.ua/600-topeka-kansas-frito-lay-workers-on-strike-after-rejecting-union-negotiated-deal/#respond Tue, 06 Jul 2021 04:29:44 +0000 http://obitel.kiev.ua/600-topeka-kansas-frito-lay-workers-on-strike-after-rejecting-union-negotiated-deal/ Nearly 600 workers in Topeka, Kansas Frito-Lay went on strike after voting overwhelmingly against the latest contract proposal negotiated by the International Bakeries, Confectionery, Tobacco and Millers Union (BCTGM) and PepsiCo, Frito’s parent company -Lay. The workers voted 353 to 30 on Saturday to authorize the strike. Aerial view of the Frito Lay production plant […]]]>

Nearly 600 workers in Topeka, Kansas Frito-Lay went on strike after voting overwhelmingly against the latest contract proposal negotiated by the International Bakeries, Confectionery, Tobacco and Millers Union (BCTGM) and PepsiCo, Frito’s parent company -Lay. The workers voted 353 to 30 on Saturday to authorize the strike.

Aerial view of the Frito Lay production plant in Topeka, Kansas (Source: Potatopro.com)

Workers at the nearly 600,000 square foot Frito-Lay plant, which spans 188 acres of land and employs approximately 1,050 people, make chips and other snacks. The previous two-year deal expired in September 2020 and was extended until Sunday. The union waited months before calling a strike vote. Workers strike for better wages, better benefits and against forced overtime.

Topeka Frito-Lay workers have now defied several attempts by the company and the union to force a sales contract. The latest rejection of the tentative agreement by workers is the third to be rejected since April. In June, workers rejected the rotten second deal that included a one percent salary increase with bonuses.

Speaking to the local Kansas news station 13 NEWSMark Benaka, commercial director of BCTGM Local 218, said the latest interim contract contained “economic and non-economic elements,” which included caps on forced overtime per week and a 2-hour pay rise. % for each of the two years.

The determination of the Frito-Lay strikers is part of a growing wave of militant resistance to companies and their union employees. Topeka workers find themselves in the same position as 3,000 Volvo workers at the New River Valley plant in Dublin, Virginia, hundreds of nurses at Saint Vincent’s Hospital in Worcester, Massachusetts, 2,450 workers at the Vale mining and processing complex in Sudbury, Ontario, and more.

According to payscale.com and Glassdoor.com, salaries for Topeka Frito-Lay workers are approximately $ 13.25 for temporary employees, between $ 18 and $ 20 an hour for full-time employees, and $ 24. for operators. Many workers told the media that they had not received a raise in years.


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The Fintech Pleo start-up valued at $ 1.7 billion in a new funding round http://obitel.kiev.ua/the-fintech-pleo-start-up-valued-at-1-7-billion-in-a-new-funding-round/ http://obitel.kiev.ua/the-fintech-pleo-start-up-valued-at-1-7-billion-in-a-new-funding-round/#respond Tue, 06 Jul 2021 04:00:01 +0000 http://obitel.kiev.ua/the-fintech-pleo-start-up-valued-at-1-7-billion-in-a-new-funding-round/ The Pleo app pictured on a smartphone alongside one of the fintech company’s corporate cards. Pleo LONDON – There’s a new fintech unicorn in town. Danish start-up Pleo, which sells business expense management software and “smart” payment cards, increased its valuation to $ 1.7 billion in a $ 150 million funding round . The investment, […]]]>

The Pleo app pictured on a smartphone alongside one of the fintech company’s corporate cards.

Pleo

LONDON – There’s a new fintech unicorn in town.

Danish start-up Pleo, which sells business expense management software and “smart” payment cards, increased its valuation to $ 1.7 billion in a $ 150 million funding round .

The investment, led by Bain Capital Ventures and Thrive Capital, makes Pleo the latest private tech company in Europe to surpass the coveted $ 1 billion “unicorn” valuation.

“The whole digitalization and automation of financial processes has been going on for quite some time,” Jeppe Rindom, CEO and co-founder of Pleo, told CNBC in an exclusive interview.

Pleo derives around 70% of its revenue from interchange fees taken from a merchant’s bank account each time a customer uses their card. The other large portion of the company’s sales come from paid subscriptions.

The coronavirus pandemic has been an “accelerator” for Pleo, Rindom said, adding that the trend of working from home was offsetting a drop in international business travel. The company’s customer base more than doubled during 2020 to reach 17,000, he said.

Following the investment, Bain Capital Ventures’ Keri Gohman will join Pleo’s board of directors. Gohman previously held senior positions at accounting software provider Xero and US bank Capital One.

Pleo is also a rare example of a billion dollar tech company emerging in Denmark. The founders of Pleo were the first employees of Tradeshift, a $ 1.1 billion fintech that was originally based in Copenhagen but moved to San Francisco.

FinTech is on fire

Lately, several fintech start-ups have raised funds at incredibly high valuations.

Sweden’s Klarna was valued at $ 45.6 billion in a round led by SoftBank. Checkout.com raised hundreds of millions of dollars for a valuation of $ 15 billion in January. Meanwhile, a relatively little-known payment software company called Mollie raised $ 6.5 billion in funds just a few weeks ago.

“I think we’ve only seen the beginning,” Rindom said. “Obviously we have some awesome players like Wise, Revolut, Adyen and Klarna, some of whom are moving towards double-digit valuations in the billions.”

“If you compare it to the value of the whole banking industry, it’s still very small,” he added. “It’s going to take time – we’re talking about 20 years. But I think the players who are customer-first and technology-driven will win over the entire financial industry in the long run.”

Expansion projects

With its latest cash injection, Pleo has raised $ 228.8 million to date. The company plans to use the new funds to strengthen its presence in countries like the UK and accelerate marketing and public relations. Pleo’s main markets are currently Denmark, Sweden, Germany, Spain, Great Britain and Ireland.

The business is not yet profitable and Rindom said he is not aiming for profitability anytime soon. Many venture-funded start-ups focus on growing quickly rather than making money. Rindom said Pleo is growing rapidly and is currently on track to hit $ 100 million in annual recurring revenue.

Later, Pleo – which operates only in Europe – is considering expansion to another continent. Rindom said the United States was a competitor but no firm decision had been made.

Pleo has expanded its product line to include features such as invoice management and employee reimbursement. Rindom said the company also plans to roll out loans at some point, following in the footsteps of fintechs such as Square and Stripe who have also gone on credit.


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Barclays bans UK clients from transferring funds to Binance http://obitel.kiev.ua/barclays-bans-uk-clients-from-transferring-funds-to-binance/ http://obitel.kiev.ua/barclays-bans-uk-clients-from-transferring-funds-to-binance/#respond Tue, 06 Jul 2021 03:58:51 +0000 http://obitel.kiev.ua/barclays-bans-uk-clients-from-transferring-funds-to-binance/ Barclays will not allow UK clients to transfer funds to Binance, writes the Financial Times (FT). It comes as the Financial Conduct Authority (FCA) has said digital exchanges are not allowed to do crypto business in the UK, in an attempt to protect users’ money. “This action does not affect the ability of clients to […]]]>

Barclays will not allow UK clients to transfer funds to Binance, writes the Financial Times (FT).

It comes as the Financial Conduct Authority (FCA) has said digital exchanges are not allowed to do crypto business in the UK, in an attempt to protect users’ money.

“This action does not affect the ability of clients to withdraw funds from Binance,” the bank said. “The decision was made following the FCA warning to consumers.”

As Barclays makes its decision, UK lenders have taken a look at how they should deal with clients who want to work with transferring funds to and from crypto exchanges.

The problem, according to FT, is that there are concerns about a lack of regulatory oversight as well as varying compliance standards. Last month, a warning was issued regarding Binance in which the regulator banned it from carrying on financial activities, claiming it no longer had the authority to deal in crypto.

Coinbase is rolling out a new program in which it will offer $ 1,000 in crypto to new employees, according to a company blog post.

Called CIkka, the program is being implemented in the hope that it will inspire employees to use the money to learn more about crypto and thus continue to make money.

The blog says users are expected to use their new knowledge “to help us create the next generation of products that will delight our customers around the world.”

The company says the types of new employees it seeks are the ones that will drive economic freedom around the world.

“We are looking for builders who want to create products that will advance the global crypto-economy,” the company said. “We have built a culture of sustained innovation in the company, illustrated by the 10% project, where we devote 10% of our resources to supporting major product bets.”

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NEW PYMNTS DATA: STUDY PUTTING LOYALTY AT THE SERVICE OF SMALL BUSINESSES – UNITED KINGDOM EDITION

About the study: UK consumers see local purchases as essential for both supporting the economy and preserving the environment, but many local High Street businesses are struggling to get them in. In the new Making Loyalty Work For Small Businesses study, PYMNTS surveys 1,115 UK consumers to find out how offering personalized loyalty programs can help engage new High Street shoppers.


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SHARE Foundation named best place to work http://obitel.kiev.ua/share-foundation-named-best-place-to-work/ http://obitel.kiev.ua/share-foundation-named-best-place-to-work/#respond Tue, 06 Jul 2021 01:33:22 +0000 http://obitel.kiev.ua/share-foundation-named-best-place-to-work/ The SHARE Foundation was recently recognized as one of the best places to work in Arkansas. The program, currently in its eighth year, was created by Arkansas Business and Best Companies Group. The Survey and Rewards Program was designed to identify, recognize and honor Arkansas’ top employers, who benefit the economy, workforce, and businesses of […]]]>

The SHARE Foundation was recently recognized as one of the best places to work in Arkansas. The program, currently in its eighth year, was created by Arkansas Business and Best Companies Group.

The Survey and Rewards Program was designed to identify, recognize and honor Arkansas’ top employers, who benefit the economy, workforce, and businesses of the state. The list is made up of 50 companies.

To be considered for participation, companies had to meet the following eligibility conditions:

  • Be a for-profit or not-for-profit business or government entity;

  • Be a public or private company;

  • Have a facility in Arkansas;

  • Have at least 15 employees in Arkansas;

  • Have been in business for at least 1 year.

Companies from across the state participated in the two-part survey process to determine the best places to work in Arkansas.

The first part was to assess the policies, practices, philosophy, systems and workplace demographics of each nominated company. This part of the process represented about 25% of the total assessment.

The second part consisted of an employee survey to measure the employee experience. This part of the process represented approximately 75% of the total assessment. The combined scores determined the best companies and the final ranking.

Best Companies Group handled the entire listing and survey process in Arkansas, analyzed the data and determined the final ranking.

“We are delighted to receive this recognition again this year,” said Dr. Brian Jones, President and CEO of the SHARE Foundation. “Last year was a difficult year for SHARE with the pandemic. Our employees rallied around and held on with us on a very bumpy ride. I am grateful to all of our amazing employees and for the oversight and support provided by the SHARE Board of Directors.

All winners will be celebrated and category winners, including the Benchmark Award winner, will be revealed at a hybrid event with in-person and virtual package options on September 29 at the DoubleTree Hotel Little Rock and then published in a supplement special from Arkansas Business on October 4.

For more information on the Best Places to Work in Arkansas program or to purchase in-person or virtual award show ticket packages, visit ArkansasBusiness.com/Tickets/BestPlaces or contact the Events and Marketing Coordinator awards, Kelli Roy at [email protected] or 501-455-9336.


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Airbnb Blocks Over 50,000 Bookings Amid Holiday Ban http://obitel.kiev.ua/airbnb-blocks-over-50000-bookings-amid-holiday-ban/ http://obitel.kiev.ua/airbnb-blocks-over-50000-bookings-amid-holiday-ban/#respond Tue, 06 Jul 2021 01:30:00 +0000 http://obitel.kiev.ua/airbnb-blocks-over-50000-bookings-amid-holiday-ban/ Airbnb has blocked more than 50,000 reservations deemed suspicious as part of its efforts to enforce the company’s holiday ban. These suspicious Airbnb bookings were made in 15 cities across the United States, including Dallas, San Diego, New Orleans, Charlotte, and St. Louis. The rentals that Airbnb has deemed suspicious are those that are short-term […]]]>

Airbnb has blocked more than 50,000 reservations deemed suspicious as part of its efforts to enforce the company’s holiday ban.

These suspicious Airbnb bookings were made in 15 cities across the United States, including Dallas, San Diego, New Orleans, Charlotte, and St. Louis.

The rentals that Airbnb has deemed suspicious are those that are short-term and suspected of being used for large house parties.

Airbnb blocks suspicious bookings: the numbers

(Photo: Pixabay / InstagramFOTOGRAFIN)
AirBnB update website and app

Airbnb has blocked a combined total of 9,000 suspicious bookings in Las Vegas and Seattle, according to a Denver Post report. 5,000 Airbnb bookings were blocked in Phoenix, 2,600 in Portland and 1,800 in Salt Lake City.

According to a separate report from The Verge, Airbnb trust and security communications manager Ben Breit said the company banned 7,000 suspicious bookings in Dallas, 6,000 in San Diego and 5,100 in Charlotte. Another 3,500 suspicious Airbnb bookings were banned in St. Louis, while bookings blocked in Columbus and New Orleans totaled 3,000 and 2,700, respectively.

“If you’re under 25 and don’t have a history of positive reviews, we won’t allow you to reserve a full listing of homes near you,” Breit told The Denver Post. However, young adults trying to reserve a smaller space near their place of residence will be allowed. An example of what passes for a smaller space is a two bedroom condo.

Airbnb party ban

Airbnb’s blocking of what it considers suspicious bookings is part of the company’s efforts to crack down on party houses. According to The Verge, the ban on the business was imposed “to prevent its rental properties from becoming an alternative to local bars and clubs forced to close due to the pandemic.”

In an announcement posted on its official website last August, Airbnb detailed its global holiday ban. The ban prohibits parties in all bookings made after the announcement. The occupancy of Airbnb listings is also limited to 16 people.

The stricter ban on party houses imposed last year is in fact an extension of the rules already in place on party houses. In a series of tweets published in 2019, Airbnb CEO and Co-Founder Brian Chesky announced that the company is “banning” party houses “and we are redoubling our efforts to tackle unauthorized parties and get rid of abusive behavior from hosts and guests”.

Successive tweets explained in detail how the ban was to be enforced. According to Chesky, manual screening of high-risk bookings has been expanded and a “party house” response team has been created. He also warned that immediate actions, including removal, would be imposed on those who break the new rules.

The pandemic has hit the business negatively, forcing Airbnb to lay off 1,900 employees last year due to a drop in bookings. Despite the downside of the pandemic, the company’s employees have been able to make the most of their situation. One employee even developed a COVID-19 app for $ 50 in less than two weeks.

Associated article: Airbnb reservations up 52% ​​| Post-vaccination surge?

Party House Headache for Airbnb

Party

(Photo: Mauricio Mascaro de Pexels)

The Airbnb reservations that ended up being used for parties were a headache for the company.

In 2019, two Denver landlords surrendered their rental licenses after reports of gunfire were reported against party guests renting their property, according to the Denver Post.

That same year, five people were shot and killed during what was dubbed a “mansion party” in Orinda, California. According to neighbors interviewed by the San Francisco Chronicle, the Halloween party brought together more than 100 participants.

Also read: AirBnB update no longer requires users to enter exact dates of stay as company focuses on flexibility

This article is the property of Tech Times

Written by Isabelle James

2021 TECHTIMES.com All rights reserved. Do not reproduce without permission.



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Whatfix unveils its very first Esop buyback program http://obitel.kiev.ua/whatfix-unveils-its-very-first-esop-buyback-program/ http://obitel.kiev.ua/whatfix-unveils-its-very-first-esop-buyback-program/#respond Tue, 06 Jul 2021 00:04:00 +0000 http://obitel.kiev.ua/whatfix-unveils-its-very-first-esop-buyback-program/ Digital adoption solutions platform Whatfix, which raised $ 100 million from SoftBank-led investors last month as part of its Series D cycle, announced its first-ever share buyback program of employees (Esop) in the amount of 4.3 million dollars (Rs 32 crore). All current and former employees will be able to liquidate up to 35% of […]]]>
Digital adoption solutions platform Whatfix, which raised $ 100 million from SoftBank-led investors last month as part of its Series D cycle, announced its first-ever share buyback program of employees (Esop) in the amount of 4.3 million dollars (Rs 32 crore).

All current and former employees will be able to liquidate up to 35% of their Esops acquired under the buyout.

The price per share will be the company’s undiscounted valuation of around $ 600 million at the time of its Series D, a senior company executive said.

This means that the price offered to the employee per share will be the same at which it was sold to the investor entering the Series D round.

Typically, companies buy back shares from employees at a discount.

“Of the 175 employees eligible for the buyout, only around 35 have chosen to benefit from it. This is because the employees believe in (the company’s) growth and would like to stay invested, ”Khadim Batti, Managing Director of Whatfix told ET in an exclusive interaction.

In June, the company raised $ 90 million in primary capital, while a small portion ($ 10 million) was spent on secondary transactions.

In February of last year, Whatfix raised $ 32 million in a Series C funding round led by Sequoia Capital India. Its other investors are Eight Roads Ventures, Cisco Investments and F-Prime Capital.

Founded by Vara Kumar and Batti, Whatfix provides companies with performance advice and support for web applications and software products.

It helps businesses provide easy onboarding, training, and self-service support. The company said last year that its products have helped customers increase employee productivity by 35%, reduce training time and costs by 60%, and increase application data accuracy by 20%. .

Whatfix joins a large number of companies that have announced the acquisition of Esop, providing wealth building opportunities for staff.

Companies such as Udaan, Flipkart, Cred, Oyo, Unacademy, Meesho, CarDekho, Razorpay, Swiggy, Byju’s, Moglix, Cars24, MPL, Firstcry, BharatPe, Pharmeasy and Zerodha have made Esop buyouts over the past three years .

The data shows that the Indian start-up sector has emerged as a net winner of the C-Suite moves, as a growing possibility of wealth creation, a growing number of liquidity events and the increase in Esop buyouts over the course of the past year have attracted CXO talent from large companies to start. UPS.

Large companies accounted for 69% of Tech C suite exits and 63% of non-tech C suite exits, according to a survey of 200 companies by specialist recruiting firm Xpheno, shared exclusively with ET.

The start-up sector has become the net winner of both tech and non-tech C-Suite moves, ET reported last month.

Batti said the company will announce buybacks more often to help employees build wealth and feel rewarded.

“We would like to do it more frequently and not necessarily align it with fundraising cycles,” he said.


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