Successful companies regard employees as their most valuable asset and biggest investment. No company will dispute the statement. But do your companies really treat employees as a valuable asset? Capital or cost? Human resource management (HRM) and human capital management (HCM) are very different in the concept of employee management. Employees as 'resources', are...
2. Secrecy Honesty is the foundation of cooperation which is demonstrated through transparency. If the entity/individual did not show transparency, investors need to reconsider their investment plans. Transparency in Theranos was a taboo. In fact, Holmes had received much criticism regarding the transparency of Theranos’ operational since the beginning. Back in 2016,...
Securities and Exchange Commission (SEC) filed a charge against Elizabeth Holmes, founder and CEO of Theranos, for a fraudulent investment that has been going on for many years bulging adverse investors billions of dollars. The woman who dropped out of Stanford and earned the nickname 'The next Steve Jobs' had...
What does your company know from candidate resumes? It's good we learn from the case that happened to Yahoo in 2012 when CEO Scott Thompson had to step down from his position for being caught falsifying education degree on his resume. In fact, based on the First Advantage survey, a global...
There are many myths still held firm by recruiters or HRDs that avoid them to get the best human resources. What are the myths? Here are some of them. 1. Recruitment is not required by small scale companies This myth is often held firmly by small companies or companies that just start...
Recruiting and retaining employees is one of the keys that affect the growth of the company. Rapid employee turnover results in financial and moral losses to both employers and employees. Referring to Gallup, the ideal turnover rate is 10% in a year. But, the ideal percentage can vary from industry...
Employees are the heart of the company. The term does not seem excessive considering that many leaders probably have experienced the dizziness of keeping their subordinates, who easily come and go. Based on Willis Tower Watson's research results, more than half of companies from around the world experience difficulties in...
The fundamental of the fraud scheme remains the same, yet, current advanced technology changes the way fraudsters perform their actions. The rapid development of technology opens more opportunities for fraudsters. Therefore, it is important for fraud examiners to know the latest fraud techniques in order to design cutting-edge prevention schemes....
As technology gets more advanced, the more vicious fraud risks become. At least, it happened to Mark Zuckerberg, 'tech guru' and founder of social media giant, Facebook, in 2012 when a New Yorker named Paul Ceglia sued him for violating an agreement signed in 2003. Ceglia claimed that 50% of Facebook...
In mid-2017, the world was struck by the leaking of financial documents called Paradise Papers that revealed the secret investments of rich people around the world, including rich people in Indonesia, in the tax haven area through the Offshore Financial Centers (OFCs). The negative image as money launderers has been...
