article thumbnail

The Cost of Ignoring Employees? 120% Of Annual Income or $0.35 / Share, Southwest Airlines Discovers

Modern Servant Leader

Southwest Airlines just agreed to a $140 Million settlement with the Department of Transportation over the meltdown of Southwest’s systems during December 2022 travel. As a result, the airline had to cancel nearly 17,000 flights and leave an estimated 2 million passengers stranded, during one of the busiest travel times of the year​​.

Airlines 130
article thumbnail

Future is Here: How Metaverse Becomes the Part of HR Technology

HR Digest

Metaverse is now expanding its horizons into other areas such as artificial intelligence (AI) , HR technology , big data analytics , and cloud computing. With the rise of AI and Big Data , companies are starting to adopt these technologies to improve their operations. What does this mean for the future of the company?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

F1 Racing and the Insurance and Finance Industry: A Comparison of Trends and Challenges

N2Growth Blog

These roles typically involve significant travel and on-site work, making implementing remote work options challenging. Technological Changes In F1 racing, the introduction of hybrid engines has forced teams to adapt their strategies and rethink their approach to racing.

Insurance 217
article thumbnail

Executive Hiring For a P.E. Portfolio Company – Tangential Opportunity

N2Growth Blog

The CFO candidate might get by with only a broad sector experience in manufacturing, finance, or technology. Perhaps they started careers in a very different environment, for example, a well-traveled photojournalist or even a failed technology entrepreneur. . You will subconsciously know when a candidate is CEO material.

Execution 391
article thumbnail

Leaders Lessons from an Outward Bound Wilderness Instructor

Great Leadership By Dan

LNT has become the gold standard for organizations who operate in America’s backcountry environments. Be Considerate of Others: The wilderness holds a special place for those who travel into it. LNT asks that travelers respect not only the place, but the experience as well. But perhaps it should be.

Kaizen 365
article thumbnail

First Look: Leadership Books for February 2024

Leading Blog

More often it's an implicit contract, a buildup of organizational and cultural norms and the adoption of new technologies that make it easy to tether people to work. We've traveled far and fast from the old world of business ethics, where black-and-white concerns about bribery and fraud could be addressed via rules and processes.

Books 272
article thumbnail

How AI Affects Deal Making In Private Equity

The Horizons Tracker

The use of AI in financial decision-making has a mixed track record, not least as people tend to prefer to rely on their own judgment than that of the technology. New research from HEC Paris explores the track record for the technology and finds that while it can increase efficiency, it can also destroy junior-level jobs.