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AI Use in Hiring: Legal & Ethical Considerations

Wednesday, March 17, 2021
Recruiting qualified applicants and hiring top talent have always been time-consuming endeavors that come with constant worry about making a wrong hire. Added to this, the COVID-19 pandemic effectively put a halt to employers’ ability to evaluate applicants in-person. These factors, and others, have led many employers to adopt or to, consider adopting, artificial intelligence (AI) tools to optimize recruitment by introducing efficiencies, reaching a broader pool of applicants, increasing consistency and uniformity in the evaluation of applicants, and, in some cases, helping employers meet diversity, equity, and inclusion goals. Typically, employers opting to use AI, contract with third-party vendors that offer AI-powered algorithms, which perform a variety of functions, such as cognitive assessments, personality tests, and video interviews. ....

United States , Kamala Harris , National Defense Authorization , National Artificial Intelligence Initiative , Employment Opportunity Commission , Vice President Kamala Harris , Equal Employment Opportunity Commission , National Defense Authorization Act , National Artificial Intelligence Initiative Act , Uniform Guidelines , Employee Selection Procedures , Labor And Employment , Optimization In Talent Acquisition , Hiring With Artificial Intelligence , Using Algorithms To Hire , Hiring Using Algorithms , Use Of Ai In Employment Decisions , ஒன்றுபட்டது மாநிலங்களில் , கமலா ஹாரிஸ் , தேசிய பாதுகாப்பு அங்கீகாரம் , தேசிய செயற்கை உளவுத்துறை முயற்சி , வேலைவாய்ப்பு வாய்ப்பு தரகு , துணை ப்ரெஸிடெஂட் கமலா ஹாரிஸ் , சமம் வேலைவாய்ப்பு வாய்ப்பு தரகு , தேசிய பாதுகாப்பு அங்கீகாரம் நாடகம் , தேசிய செயற்கை உளவுத்துறை முயற்சி நாடகம் ,

Racial justice scorecard says waste companies fall short on providing detailed workplace equity metrics

Dive Brief:
A new scorecard rating companies on their racial justice efforts and workplace equity disclosures credited Republic Services and Waste Management s public acknowledgement of racism and pledges for change, but gave both companies overall low scores for not releasing specific metrics related to pay equity, promotions, recruitment and retention numbers broken down by race and gender.
As You Sow (AYS), a social corporate responsibility nonprofit, put together the scorecard by assessing publicly available data on racial justice and workplace equity for companies in the S&P 500.
AYS says it’s important for the general public to access this information in order to hold companies accountable for following through on promises to improve the workplace for people of color. Both Waste Management and Republic say they have been transparent about their ongoing diversity efforts. ....

United States , Meredith Benton , Vander Ark , Jon Van Ark , George Floyd , Mission Of Supporting An Inclusive Culture , Alphabet Inc , Republic Service , Dive Brief , Waste Management , Whistle Stop , Native American , Inclusive Culture , President Jon Van Ark , Corporate News , ஒன்றுபட்டது மாநிலங்களில் , மெரிடித் பெண்டன் , வாண்டர் பேழை , ஜான் வேன் பேழை , ஜார்ஜ் ஃப்லாய்ட் , பணி ஆஃப் துணை ஒரு உள்ளடக்கியது கலாச்சாரம் , எழுத்துக்கள் இன்க் , குடியரசு சேவை , டைவ் சுருக்கமான , கழிவு மேலாண்மை , விசில் நிறுத்து ,

US Corporate Pension Funded Ratio Climbs to 92.9% in February

Despite weak returns, funded levels rise for the fifth consecutive month.
Funding for the 100 largest US corporate pension plans, as tracked by the Milliman 100 Pension Funding Index, improved by $67 billion in February as the plans’ aggregate funded ratio rose to 92.9% from 89.7%, thanks to a 26 basis point increase in the monthly discount rate. It was the fifth straight month funded ratios have improved.
A paltry investment gain of 0.13% during the month led to a $2 billion decline in the aggregate market value of plans to $1.733 trillion as of Feb. 28, while pension liabilities decreased to $1.866 trillion at the end of February from $1.935 trillion at the end of January. ....

Zorast Wadia , Funding Index , Defined Benefit , Funded Ratio , Funded Status , Milliman 100 Pfi , நிதி குறியீட்டு , வரையறுக்கப்பட்டுள்ளது நன்மை , நிதியுதவி ரேஶியோ , நிதியுதவி நிலை ,

Analysis of Personal Data–Related Collective Actions in the UK

[6]
Data related collective actions can generally be divided into two broad categories: (i) “unauthorized use of personal data” cases, where the firm controlling personal data allegedly uses it in an unauthorized manner; and (ii) “unauthorized access to personal data” cases where a third party (e.g. hackers) improperly accesses private data for malicious reasons.
This article discusses some of the key legal and economic issues that arise in matters involving the unauthorized use of, or unauthorised access to, personal data in the UK.
[7]
Data Protection Laws in the UK
“Personal data” can refer to diverse information types. The EU’s General Data Protection Regulation (GDPR), which was implemented in the UK and supplemented by the UK Data Protection Act of 2018 (DPA 2018), ....

United Kingdom , Lloydv Google , Supreme Court , Group Litigation Order , British Airways , Protection Laws , Data Protection Regulation , United Kingdom Data Protection Act , English Courts , Bringing Collective Claims , Representative Action , Redress Directive , Personal Data , Potential Harm , Valuing Personal Data , Preference Methods , Attaching Value , United Kingdom Information Commissioner , Business Crimes , Data Related Collective Actions , Unauthorized Use Of Personal Data , Unauthorized Access To Personal Data , Uk Data Protection Laws , Uk Data Protection , ஒன்றுபட்டது கிஂக்டம் , உச்ச நீதிமன்றம் ,

Bank of America slams 'volatile' and 'impractical' bitcoin

Financial News
Bitcoin s volatility makes it impractical as a store of wealth or payments mechanism
Bitcoin’s exceptional volatility makes it “impractical as a store of wealth or payments mechanism,” the bank s analysts said
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By
Wednesday March 17, 2021 2:11 pm
Analysts at Bank of America have attacked bitcoin as “exceptionally volatile” and “impractical” in a 17 March research note.
In the note, the analysts said there was “no good reason to own bitcoin unless you see prices going up”.
The analysts said the supply of the cryptocurrency was by design artificially constrained so demand swings are. ....

United States , Analysts At Bank , Bank Of America , Banking Credit , Financial Services , Financial Technology , Integrated Banks , Virtual Currencies Cryptocurrencies , Corporate Crime Legal Action , Corporate Industrial News , Political General News , Crime Legal Action , Financial Crime , Money Currency Markets , Foreign Exchange Markets , Commodity Financial Market News , Cryptocurrency Markets , Content Types , Factiva Filters , C Ampe Exclusion Filter , C Ampe Executive News Filter , C Ampe Industry News Filter , Corporate Crime , Legal Action , Industrial News , General News ,