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Private Schools Close for Election Day, Pay-Gap Lawsuits, CFOs' COVID Solutions

By Net Assets posted 10-20-2020 10:13 AM


(from the Washington Post) Some private schools have rearranged schedules so students will not have classes November 3, in part to allow students who want to serve as poll workers to do so without penalty. Anyone over 16 years old can work at the polls. Other private schools with constituents split between political parties have decided not to hold in-person class the day after Election Day to avoid political tensions regarding election results. This may work well when the school has a hybrid learning set up and can pivot easily to online learning. 

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(from the Chronicle of Higher Education) Last week, five female professors at Rutgers University filed a lawsuit in state court accusing their institution of paying them tens of thousands of dollars less than their male colleagues. This suit follows suits against Princeton University, Northern Michigan University, University of Arizona and University of Denver. "It’s the tip of the iceberg in terms of the gender-based wage disparities that we see across the labor market, up and down, in virtually every occupation and industry, regardless of whether women have no high-school diploma or they have several years of post-doctoral experience," said the Denver case's plaintiff's attorney. "There are a lot of hiring and compensation and evaluation practices that have been in place for years without much critical examination of who they are systematically disadvantaging." While the number of lawsuits has increased over the years, the wage gap has not decreased, and women who sue their employer often do not see advantages in their career. 

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(from FEI Daily) The COVID-19 pandemic and its associated economic impact brought a wave of unforeseen challenges to company financial leaders, forcing many to make difficult and strategic decisions in order to remain in operation as businesses around them shuttered. The most successful companies were the ones who cut early, cut deeply and cut once. These businesses started out by evaluating low performers – the bottom 10% of people that are not performing to company standard and don’t have the potential to help the business post-pandemic. Other areas that were trimmed were non-essential or luxury items (like office perks), non-revenue generating or even administrative in nature. Smart businesses also made sure that they carefully strategized communications when making cuts. And advanced financial software has also helped successful businesses through the crisis. 

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