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Archive for the ‘Personal Development’ Category

Realize U 252 set to open long term addiction recovery home – New Bern Sun Journal

Posted: September 19, 2020 at 3:55 am


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Bill Hand |Sun Journal

After many delays, Realize U 252 has announced it will open its doors in October.

The name U 252 reflects, first, the belief that drug and alcohol addicts can achieve long-term healing and self-realization. The 252 reflects the telephone area code region over which it aims to reach out.

The residential home its exact location is currently kept secret is set up to house a dozen men who are in early recovery from their addictions, but who arent ready yet for independent living,according to interim program director Garret Biss.

Biss has been involved with the organization serving both as president and on the board since its origin.

About three years ago we all sat down with a vision to bring something to Craven County, he said. We were planning to open last fall.

While a house was found and prepared, however, the organization wound up spending the year fundraising and building community support.

The COVID-19 pandemic slowed down its development this year, but Biss said he feels safe in stating the home will open sometime in October, and that the organization is accepting applications for both residents and for the employees who will care for them. While he is serving as program director himself, Biss intends to step down as soon as a permanent director is hired.

Well have a house manager living onsite and a program director (on staff), he said, while a case manager will be contracted to assist with the residents.

Residents will live at the property, working with the manager and coach while receiving the help they need from community resources such as counseling, vocational training and personal development organizations. They will also be expected to take part in one of the 12-step addiction programs offered in the area.

There will be no counseling in the residence, he said, But there will be self-help groups and personal life skills training onsite.

I envision a world where all people, especially those in recovery, are inspired to believe in themselves, to look within for wisdom, empowerment and compassion; a world where all people achieve their highest potential and fulfill their dreams by connecting with and serving others, he said.

While residents will mostly come in as a follow-up to shorter, 28- to 90-day detox programs, he said that RU 252 will also be available to any families in crisis or need to help them find the resources they need to help their loved ones.

At first, Biss said, six residents will be selected, until the pandemic situation changes to allow more than 50 percent capacity. Then another six will be brought in.

Residents will sign a contract that outlines the conditions for remaining at the home.

The group is also in talks with the District Attorneys office.

Weve started some conversation with the courts, he said. Our hope is that it can be used as a diversion program or transitional program for people to use as they come out of incarceration, or as a diversion from incarceration.

Applications and information on job positions can be found at the organizations website at http://www.RealizeU252.org, by contacting Biss by email at director@RealizeU252.org

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Realize U 252 set to open long term addiction recovery home - New Bern Sun Journal

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September 19th, 2020 at 3:55 am

Ultima Collection announces appointment of Thierry Pecorella as GM of new Ultima Courchevel – Premier Construction Magazine

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Ultima Collectionis delighted to announce the appointment of Thierry Pecorella as General Manager of Ultima Courchevel,the Collections newest 5-star alpine resort. Thierry Pecorella has recently joined the Ultima Collection team and will manage the preparations of the Grand Opening of the resort on Saturday 12th December 2020 and launch the new 2020/2021 ski season. The management at Ultima Collection is thrilled to welcome this new talent within a dedicated, exceptional and ultra-dynamic team that has successfully developed the young and cutting-edge luxury hospitality brand. Thierry will be the lead of the grand launch of this new ultra-luxury resort comprising 13 sumptuous chalets complemented by an array of exceptional beauty and wellness amenities in the most sought-after winter destination in the French Alps.

Biography As a French-Italian hotelier from the French Riviera of Nice, Thierry is married with twochildren. He has spent 27 years working for prestigious Le Mridien and Radisson Blu hospitality brands where he has forged remarkable experience in high-end hospitality in France and Italy. Originally, he discovered his passion for the industry when working at the reception of a private 4-star hotel in Nice to finance his studies. He has remained in the industry since then and has developed his sales and management skills during his first 11 years in Juan les Pins (France), Milan and Lake Garda (Italy). Following this, he took over General Management and Operations roles in hotels in Nice, Aix les Bains, Toulouse and Lyon. Before joining Ultima Collection, he managed the reopening of Tour Crayon in Lyon, an iconic hotel that had closed for threeyears for refurbishment, and the conversion of a prestigious 5-star hotel with a starred gastronomic restaurant in the Cour des Loges collection. Thierry is now joining Ultima Collection, bringing his exceptional experience in the opening and the management of luxury hotels and restaurants to finalise the building work, recruit and train the new team as well as launch Ultima Courchevel, the latest property in the collection in one of the most prestigious skiing destinations in the world.

As for his style and personality, Thierry thinks that nothing great in the World has been accomplished without passion, a quote from Friedrich Hegel that defines his state of mind and vision of the hospitality industry. His career was built over time thanks to opportunities coming up from hisprofessional and human meets with other devoted hospitality professionals. On the managerial and personal development sides he states: I consider myself as a mentor, I think that self-motivation and performance recognition are essential in every organisation and in particular in the hospitality sector. His motto is my staff make the whole difference: they do not just deliver whats expected but also the unexpected. It shows how Thierry emphasises on human and personal dimensions in his management style, as well as his high expectations to offer exceptional service to the discerning clientele of Ultima Collection.

On a personal side, Thierry is fond of mountains and downhill skiing which he has been practising since his childhood in the Southern Alps when he used to live in the Nice region. He feels a natural bond to this region: the specific affection I have for the Savoie region dates back to my adolescence when I started practising my passion for downhill skiing for the first time at Avoriaz in the Portes du Soleil skiing area. He is also deeply inspired by the Aiguille du Midi peak facing the majestic and awe-inspiring Mont Blanc, a real source of meditation and inspiration for Thierry.

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Ultima Collection announces appointment of Thierry Pecorella as GM of new Ultima Courchevel - Premier Construction Magazine

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September 19th, 2020 at 3:55 am

Back to basics: Improving your security processes and budgeting – TEISS

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So how can we make the most of our basic security processes, and where can we concentrate our efforts to ensure our budgets go further?

Looking at attack surfaces

One area that is the easiest to overlook is security hygiene. This covers tasks like vulnerability scanning, configuration compliance and patching programs. By paying attention to security hygiene and Attack Surface Management, it is possible to remove many of the biggest risks that could affect your enterprise and the dividends are huge across the organisation.

While starting an effective Attack Surface Management program is typically not all that complex, keeping it running over time is a challenge. For example, an asset inventory should be the base for all decisions made around security priorities. However, while asset management has existed for years, getting this inventory process right is still difficult for many enterprises.

Without having asset data readily available, it's easy for incidents to quickly spiral into serious problems, as the real scope is not easily addressed. A lack of accurate and complete asset management data essentially creates blind spots that aren't seen until an issue has already manifested.

So why is this so difficult to get right? A lack of interest and internal politics can make security hygiene a struggle to get right. Internally, emphasis is often on the new, and as a result many teams can find themselves chasing that new and shiny thing to the detriment of what currently exists. There is always the next big thing in security and it's easy to get distracted by what is at the cutting edge.

Conversely, keeping the lights on is not valued as highly. This can be because running these kinds of programs is hard and often thankless, or gets pushed into the category of being too hard and therefore ignored.

For security teams, being the ones to implement new technologies is often seen as a reward for effective work. These projects can be great on CVs and for personal development. However, the cost for these new standalone solutions is usually very high and the return isn't nearly as effective as improving existing Attack Surface Management programs. We have to reset our internal team values so that efficient maintenance and hygiene is valued as highly as new deployments, so that both areas receive the attention and support they deserve.

Investing in existing and mature Attack Surface Management programs can deliver substantial dividends in driving down risk. More importantly, this can link into other IT team initiatives such as software development, so that these good habits are applied earlier in other company processes too. This can stop problems getting into production, where they are more expensive to fix. For those worried about not having new implementation projects on their CVs, the lure of working on agile development and DevOps projects should be an attractive substitute too.

Improving security training effectiveness

The second area where enterprises can improve their return on investment is around training. For many companies, the budget for developing their own security staff and security awareness training for the rest of the organisation is the same pot of money.

Unfortunately, this can often be one of the first budget items to be cut. These programs can be seen as low value and low return, when actually they can deliver some of the highest value to the organisation. However, these projects often need more thought around psychology in order to deliver good results.

Combining both areas together into a security champions program is an effective way to improve both security team skills and company awareness. For some IT security leaders, these kinds of programs are seen as software developer issues that are out of scope. However, with most enterprises running large developer teams and DevOps projects, it's critical that we bridge the gap and drive security as early in the cycle as we can.

Under-allocation of training and awareness can leave your organisation unprepared to react and respond to events that could be potentially avoided or mitigated much earlier. By embedding security into development, and by providing support for secure coding as standard, you can reduce rework cost, while also removing security as a barrier to innovation and fast releases. Finding and developing champions within other teams not only helps security be more effective, it helps collaboration over time too.

Taking a proactive approach to securitys image

As CISOs, we are all aware that security can be perceived as the department that stops others working as quickly and efficiently as they can. In reality, security can stop those teams from running headlong into unnecessary risks. However, getting involved earlier around good hygiene and security awareness can provide the best approach to improving the image of security internally.

The issues that seem to still linger and provide the largest problem areas are often not all that complex to address, yet it seems as though we lose interest in them when they aren't new or cant be resolved quickly. It's a problem of focus and just doing the work, setting expectations appropriately, and constantly driving towards achieving a higher maturity state for the programs that we need to invest in.

Author: Ben Carr, Chief Information Security Officer, Qualys

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Back to basics: Improving your security processes and budgeting - TEISS

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September 19th, 2020 at 3:55 am

Residents encouraged to participate in the Vrededorp/Pageview makeover – Joburg

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The Johannesburg Development Agency (JDA) is undertaking the Vrededorp/Pageview Revitalisation Projects and Programme on behalf of the City of Johannesburg over three years from 2020 to 2022.

Located north-west of the Johannesburg CBD in Region F, the suburbs of Pageview and Vrededorp were historically referred to as Fietas.

The JDA has appointed a consultancy team of architects/urban designers (IYER), heritage architect specialists (Library Special Projects) and community participation consultants (Sticky Situations) to design projects and programmes that rejuvenate the public environments in these neighbourhoods to encourage and foster a sense of community.

The project is part of both the Inner City rejuvenation and upgrade initiative as well as the Empire Perth Strategic Area Framework. It is founded on the fundamental principles of liveable cities, which are centred on creating well-functioning urban systems that can contribute to the physical, social, mental well-being and personal development of its inhabitants.

The precinct is broadly defined by 1st Street in the north, Solomon Street, and Ring Road/Subway Street in the east, Queens Road in the south and Krause Street in the west. The physical projects may include the cleaning, repair and upgrading of existing services and include paving, kerbing, resurfacing, landscaping, provision of street furniture, upgrading of street lighting, upgrading of parks and heritage projects. The exact nature of implementation will be determined through an extensive public participation and co-production process.

The JDA invites interested and affected stakeholders of Vrededorp and Pageview (those who live, work, or have a vested interest in these neighbourhoods) to collaborate with them in reviewing some of the initiatives that have occurred in the neighbourhood over the past two decades and take a fresh look at some possible public space upgrades and programmes that could contribute to supporting and improving current infrastructure and development programmes within the area.

A series of focus groups have and are being held with stakeholders in the area across various sectors including heritage/histories, homelessness, recycling, community, NGOs, health and education, faith and economic development.

On Saturday, 19 September 2020, from 1pm to 3pm, and Wednesday, 23 September 2020, from 4pm to 5.30pm, a pop-up, where stakeholders can pop in and share their challenges, opportunities and ideas for the neighbourhood, will take place. Interested participants can find the team on the Open Space on 23rd Street, Pageview.

These focus group process will be followed by a 'World Cafe'-style engagement allowing for stakeholders to come discuss ideas that emerge from the focus groups, and for the purpose of broader reporting and idea consolidation.

The focus groups and World Caf series will be conducted using digital platforms, via Zoom and Microsoft Teams, as well as Covid-19-safe protocols in the face-to-face engagements (for those that may not have access to digital platforms). If you have not been contacted yet, then get involved and have your say by getting in touch with the project team using the details below.

This process will culminate in the co-design and co-development of a working plan which sets out the prioritised projects and programmes to be implemented as well as a broad framework for how the revitalisation process should proceed, said Cllr Lawrence Khoza, MMC for Development Planning.

Several public platforms are available alongside the above mentioned interactions to facilitate broader inputs and comments including:

a dedicated CoJ Facebook Page (www.facebook.com/VrededorpPageview), and

a WhatsApp group (message 064 941 6647 to join)

These public platforms will feature key information on the project, key decisions taken, forthcoming engagement opportunities as well as contact details, should stakeholders wish to get hold of the project team.

Ultimately, the project will be guided by the voices of the community, both present and past, in the hope that elements of the design brief respond to the dynamic and diverse nature and needs of the present population who call the area home, and also acknowledge historical communities who once inhabited the area affectionately known as Fietas, said Cllr Khoza.

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Residents encouraged to participate in the Vrededorp/Pageview makeover - Joburg

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September 19th, 2020 at 3:55 am

Overcome the current to focus on winning the future – YourStory

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A crisis brings out the best in organisations and teams, strengthening existing leaders and developing new ones. The article dwells on challenges faced by organisations in the wake of the COVID-19 pandemic, how finance teams can proactively partner with business to drive actions in the short-term and build resilience to sustain performance.

What inspires us is the organisations vision, mission and customer centricity that provides a guiding framework to sustain business and emerge successful. Keeping the customer at the centre of everything we do, will help us to focus on our purpose.

The impact on the economy, healthcare and infrastructure are significant across the world leading to a humanitarian and economic crisis. Over the past four to five months, governments and communities have done their best to delay the immediate surge of infection through complete/partial lockdowns enforcing social distancing. Relief packages were announced to tide over the immediate economic hardship.

The challenge remains the high degree of uncertainty about the evolution of the coronavirus pandemic. Though it may be at or near peak in some countries and regions, for some others it is still a wait-and-watch policy as the number of infections continue to multiply at a rapid rate, with testing still limited and infrastructure strained. It is likely to remain a threat until an effective treatment or vaccine is widely available.

Is coronavirus guiding us towards business innovations?

Proactive measures that would help to tide over the current situation, but more importantly ensure the business remains relevant and poised for future success are: a) attention to cashflow and liquidity; b) business continuity and contingency planning; c) resource allocation/rationalisation; and d) spend management to drive productivity. Communication channels should be strengthened so that the entire ecosystem internal and external -- is vested in the call for action.

Over the years, finance teams have focused on becoming business partners, spending more time on value-added and decision support activities. The business disruptions and our role in the transformation will help to assess the progress we have made as business partners. As near- and long-term action areas are drawn out, the key themes and action plan will be around the following:

How to manage your finances amidst a pandemic: hear it from the experts

Relating this back home, the spirit of social responsibility, safety first caring for the wellbeing of the employee and the customer/patient needs to be taken quite seriously. Organisations need to invest in bringing relevant new products to the market in the shortest possible time.

The organisation and particularly the customer facing team inspires and motivates all to reimagine what is possible and put our best foot forward in the face of current adversities.

(Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of YourStory.)

Want to make your startup journey smooth? YS Education brings a comprehensive Funding Course, where you also get a chance to pitch your business plan to top investors. Click here to know more.

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Overcome the current to focus on winning the future - YourStory

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September 19th, 2020 at 3:55 am

C-Sweet Webinar: How Are Corporations Including Diversity, Equity and Inclusion (DE&I) Into Operations and Daily Practice? What’s the Promise? What’s…

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LOS ANGELES--(BUSINESS WIRE)--C-Sweet, a rapidly growing national organization with a mission to foster and renew executive level relationships for women across sectors in business and industry, today announced a new Webinar How are corporations and sports including Diversity, Equity and Inclusion (DE&I) into operations and daily practice? Whats the promise? Whats the reality? set for Thursday, September 17th, at 11:30 AM PDT.

With highly charged racial events happening this summer across the nation and COVID-19s Work From Home guidelines, face-to-face meaningful conversations with management and staff on issues of race is more difficult than ever. To address this C-Sweet has assembled two experts in Human Resources and Diversity, Equity and Inclusion to help navigate the often thorny waters when it comes to racial tensions in work and sports.

Shouldnt we just see our friends and coworkers as people, and not as types of people? said Dianne Gubin, President of Amplify Professional Services Inc, an executive search and IT consulting firm, and Co-CEO of C-Sweet. To me, its always been about who can do the job. What happens when we talk to colleagues or friends about emotional and potentially high risk topics, which can be perceived as impolite or inappropriate at work, and get out of our comfort zones to learn about others?

Embracing diversity makes us stronger. Incorporating all opinions makes for better business, as well as a better world, said Beth Hilbing, Sr. Program Manager and Principal IT Business Partner at Boeing, as well as Co-CEO of C-Sweet. For this next event we feature two outstanding speakers who can help us create a dialogue around tough questions at work.

C-Sweet corporate sponsors for this event include Key Information Systems (KeyInfo) a part of Converged Technology Partners, Inc., Google and Interpublic Group (IPG).

Renee Brown

Renee Brown is the former Senior Vice President, Chief of Basketball Operation and Player Relations of the Womens National Basketball Association (WNBA). Renee played a significant and integral role in the establishment of the WNBA in 1997, now recognized as the longest running womens professional sports league in the United States. She created the WNBA player personnel department that now claims over 1000 elite players representing 50+ countries. The Institute of Diversity And Ethics In Sports reported the WNBA as being the countrys most diverse and inclusive League.

Heide Gardner

Heide Gardner is Senior Vice President, Chief of Diversity and Inclusion Officer for the Interpublic Group (NYSE:IPG) one of the worlds leading organizations of advertising agencies and marketing services companies. The first African American and person of color to serve as an officer of the Interpublic group, she is responsible for collaborating with senior management to develop global inclusion strategies and resources for IPG and its family of leading agency brands.

About C-Sweet

C-Sweet creates opportunities for women across sectors for business development, brand acceleration, partnerships and expanded career paths through curated receptions and digital engagement. This includes female CEO, CFO, COO, CIO / CTO, CMO, President, Vice President and Director level attendees, as well as Founders across industries. Executives in finance include Venture Capital, Private Equity, Institutional Investment, Investment Banking, Family Offices, Hedge Funds, and more.

C-Sweet fosters executive level relationships for business development, collaboration and expanded career paths. The group focuses on creating expanded professional networks of female colleagues in leadership positions to foster innovation. C-Sweet creates new opportunities for trusted and confidential exchange and business / career development as members connect with others to freely brainstorm and discuss challenges facing individual projects and your business.

Women who support Women on their way to the top and extend a hand to those that follow through the creation of learning and networking opportunities that lead to professional growth and personal development.

The organization offer exclusive educational networking events, panels and keynotes regularly. To sign up for the mailing list and attend future events, send email to: CSweetExecs@gmail.com .

To join C-sweet, or become a sponsor, go to http://www.csweet.org.

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C-Sweet Webinar: How Are Corporations Including Diversity, Equity and Inclusion (DE&I) Into Operations and Daily Practice? What's the Promise? What's...

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September 19th, 2020 at 3:55 am

Sales and Marketing Resourcing Lead job with PwC | 1401618351 – Personnel Today

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About the teamPwC is looking for a senior experienced candidate to join the Transformation and Operations team in Sales and Marketing to further develop existing resourcing processes and from strategy to execution, design the roll out of a Resourcing capability across the whole function.There are a number of teams within the Sales and Marketing functionThe role will report to the Head of Transformation & Services in the Delivery Hub. The candidate can be based anywhere nationally.About the roleSales & Marketing covers all aspects of professional services marketing, sales support and business development. The prime area of focus for the function is to support the development and implementation of the firms market strategy and in particular to ensure:

We innovate every day

We are inclusive by default

We deliver commercial impact with purpose

We tell stories that inspire

From strategy to execution, developing and delivering a new resourcing plan by having a deep understanding of Sales and Marketing growth plans and headcount required to support these; and balancing these with the needs of the individual

Developing key metrics and Management Information (MI) that allow us to measure utilisation of staff who work on non chargeable activity to provide trends and availability updates

Working closely with Team Leaders to manage the rapid deployment of people to projects within the team, to meet the needs of teams whilst maximising utilisation

Being proactive in resolving or offering solutions to resolve supply and demand challenges of deployment both at the transactional and operational levels

Engage with Sales and Marketing leadership, in particular Team Leaders to continue to build better resourcing behaviours

Work closely with key teams across Transformation and Operations to ensure that resourcing insight is widely shared

Introduction of regular portfolio reviews to ensure maximum utilisation, development and fair allocation of work

Using supply and demand modelling as an insight to our overall headcount management and recruitment budgets

Promoting the use of key resourcing systems including TalentLink, Finder, S&D, Career Opportunities and the Resource Tracker to enable effective resourcing

Sharing knowledge, best practice and networking with colleagues across the business and Resource Management function

Technical Expertise

Deployment and manpower planning

Influencing and driving the mobility agenda in the function

Looking for deployment opportunities and building relationships, particularly with other IFS resourcing teams

Managing people and their development

Conflict resolution

Project management, time management and organisation skills and attention to detail

Knowledge and Skills:

Focus on commercial business outcomes

Relationship skills including communicating and influencing

Developing and sustaining long term relationships with key Sales and Marketing and relevant business operational areas

Communicating with impact using different communication styles

Strategy and Change Management:

Understanding the firmwide strategy, Sales and Marketing and Resource Management strategy and applying it where necessary

Providing input to the Resourcing objectives and vision for the BU/line of service

Influencing and creating a vision for change by championing the delivery of change

Stakeholder Management

Build relationships through delivering outcomes that take into account the different needs of multiple stakeholders; balancing the needs of individuals and those of the business

Anticipating and recognising when conflict may occur and work to resolve these but escalating if required

Commercial Acumen and Financial Management:

Identifying and implementing solutions to improve profitability of clients and PwC

Using data and Management Information (MI), networking internally and externally to advise the business on resourcing options and solutions that help to drive growth and profitability

Team and Personal Development:

Identifying development opportunities that provide stretch and challenge

Coaching and developing others in the team where the opportunity arises by providing quality, real time feedback

Participating in the recruitment process to ensure that new team members are aligned to the new ways of working if applicable

Delivering business outcomes in a fast paced and changing environment

Negotiating with senior stakeholders to deliver resourcing and strategic requirements

Using a commercial mindset and business acumen, including the use of Management Information, to inform decision making

Being a trusted advisor who provides balanced and pragmatic advice around manpower planning and resource management

Liaising, influencing and challenging effectively to build relationships at all levels and with multiple stakeholders

Did you know PwC offerflexible contractarrangements as well ascontingent work(ie temporary or day rate contracting)?

All our people need to demonstrate the skills and behaviours that support us in delivering our business strategy. This is important to the work we do for our business, and our clients. These skills and behaviours make up our global leadership framework, The PwC Professional and are made up of five core attributes; whole leadership, technical capabilities, business acumen, global acumen and relationships.

Learn more here: http://www.pwc.com/uk/careers/experienced/apply

Valuing Difference. Driving Inclusion.

We work in a changing world which offers great opportunities for people with diverse backgrounds and experiences. We seek to attract and employ the best people from the widest talent pool because creating value through diversity is what makes us strong as a business, enabling us to solve important problems and deliver value to our clients. We encourage an inclusive culture where people can be themselves, are valued for their strengths and are empowered to be the best they can be. As an organisation with an increasingly agile workforce, we also support different ways of working offering flexible working arrangements. Learn more here about our work to support an inclusive culture.

http://www.pwc.com/uk/diversity

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Sales and Marketing Resourcing Lead job with PwC | 1401618351 - Personnel Today

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September 19th, 2020 at 3:55 am

Billionaire investor Ray Dalio on capitalisms crisis: The world is going to change in shocking ways in the next five years – MarketWatch

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Ray Dalio certainly is no radical idealist, but in his frequent writings and media appearances the veteran investor consistently calls for Americans to rewrite their longstanding contract with capitalism so that it is fairer and more generous to more people.

Otherwise, he predicts, life in the U.S. could become more difficult: mountainous debt that stunts economic growth; fewer opportunities for ordinary citizens to get ahead financially; and a worldwide lack of trust in the U.S. dollar that diminishes Americans purchasing power and could lower their standard of living.

Dalio is the founder of Bridgewater Associates, the worlds largest hedge-fund firm, which has made him a billionaire. So its not surprising that he champions capitalism as a proven way to expand economic growth and living standards.

Capitalism and capitalists are good at increasing and producing productivity to increase the size of the economic pie, he says.

Then Dalio stands this tenet on its head. Capitalists dont divide the economic pie very well, he says, and so today the capitalist system, the foundation of the U.S. economy, is not working efficiently and effectively enough for all.

Capitalism also produces large wealth gaps that produce opportunity gaps, which threaten the system, Dalio says a system that has been and still is key to the health and success of U.S. business, workers, government and investors alike.

Unless the U.S. takes steps to make systemic repairs designed to provide greater opportunity for more Americans to achieve personal growth and financial security, the consequences likely will be painful for the country, as Dalio explains in this recent telephone interview, which has been edited for length and clarity:

MarketWatch: You have written and spoken about three big domestic and international problems facing the U.S. over the next five to 10 years and how a failure to address these challenges could threaten Americas standing in the world. What are these three pressing problems?

Ray Dalio: I look at it mechanically, like a doctor looking at a disease. If asked what is the issue here, I would say that it is a certain type of disease that has certain patterns which are timeless and universal, and the United States is broadly following that progression.

There are three problems that are coming together, so its important to understand them individually and how they collectively make a bigger problem.

There is a money and credit cycle problem, a wealth and values gap problem, and an emerging great power challenging the existing dominant power problem. Whats going on is an economic downturn together with a large wealth gap and the rising power of China challenging the existing power of the United States.

Its a fact that there has been a weakening of the competitive advantages of the United States over the last couple of decades. For example, the United States lost a lot of the education advantage relative to other countries, our share of world GDP is reduced, the wealth gap has increased which has contributed to our political and social polarization.

But we havent lost all of our competitive advantages. For example in innovation and technology, the United States is still the strongest, but China is coming on very strong and at existing rates will surpass the United States. Militarily, the U.S. is stronger but China also has come on very strong and is probably stronger in the waters close to China that include Taiwan and other disputed areas. Finances for both countries are challenging, but for the U.S. more so. The U.S. is in the late stages of a debt cycle and money cycle in which were producing a lot of debt and printing a lot of money. Thats a problem. As a reserve currency status, the U.S. dollar DXY, +0.03% is still dominant though its being threatened by its central bank printing of money and increasing the debt production problem.

The United States is a 75-year-old empire and it is exhibiting signs of decline.

MarketWatch: Focusing on the money and credit problem, excessive debt can be a killer for businesses and families, but most people dont seem to recognize that debt plays havoc with their countrys finances as well. Government runs the money printing press, which buys time, but eventually somethings got to give.

Dalio: If you look at the history for example, the Dutch Empire, the British Empire both experienced the creation of debt and the printing of money, less educational advantages, greater internal wealth conflict, greater challenges from rival countries. Every country has stress tests. If you look at British history, the development of rival countries led them to lose their competitive advantages. Their finances were bad because they had accumulated a lot of debt. So, after World War II those trends went against them. Then they had the Suez Canal incident and they were no longer a world power and the British pound is no longer a reserve currency. These diseases almost always play out the same way.

The United States relative position in the world, which was dominant in almost all these categories at the beginning of this world order in 1945, has declined and is exhibiting real signs that should raise worries. Theres a lot of baggage. The U.S. has a lot of debt, which is adding to the hurdles that typically drag an economy down, so in order to succeed, you have to do a pretty big debt restructuring. History shows what kind of a challenge that is.

I just want to present understanding and facts. Theres a life cycle. Youre born and you die. As you get older you can see certain things that are symptoms of being later on in life. To know the life cycle and to know that these symptoms are emerging is what Im trying to convey. The United States is a 75-year-old empire and it is exhibiting signs of decline. If you want to extend your life, there are clear things you can do, but it means doing things that you dont want to do.

Wealth cannot be created by creating debt and money.

MarketWatch: Lets put it bluntly: Is capitalism broken?

Dalio: I wouldnt say broken as much as Id say it has problems that have to be fixed. As I said, Im not ideological, Im mechanical. I look at everything operationally like a machine and what has been shown is that capitalism is a fabulous way of creating incentives and innovation and of allocating resources to create productivity. All successful countries have uses for it. For example, communist China has chosen capitalism, which has been essential to its growth.

But capitalism also produces large wealth gaps that produce opportunity gaps, which threaten the system in the ways we are seeing now. Wealth gaps give unfair advantages to the children of rich people because they get a better education, which undermines the equal opportunity notion. Asthe number of people who get equal opportunity diminishes, this reduces the possibility of finding talented people in that population, which isnt fair and undermines productivity.Then the have-nots want to tear down the capitalist system at a time of bad economic conditions. That dynamic has always existed in history and its happening now.

The capitalist system is based on profit-seeking being the resource allocation system, which generally works well but doesnt always. So, capitalism and capitalists are good at increasing and producing productivity to increase the size of the economic pie, but theyre not good at dividing the economic opportunity pie. Socialists are generally not good at increasing productivity and the size of the economic opportunity pie, but they are better at dividing the pie.

We now have too much emphasis on distributing wealth and getting it from producing debt and printing money, and not enough from increasing productivity. Wealth cannot be created by creating debt and money. We have to be productive together, so we have to look at the good investments that we can make together that make total sense, like in education, and create equal opportunity in order to be productive.

We have to be in this together.The system needs to be reengineered to do this. But if we dont do this engineering well, were going to spend in an unlimited way and deal with that by creating debt that wont ever be paid back, and we will risk losing the reserve currency status of the dollar. If we get into that position and were very close things will get much worse because we are living on borrowed money thats financing our consumption.

Within the next five years you could see a situation in which foreigners who have been lending money to the United States wont want to.

MarketWatch: About the dollar being threatened as the worlds reserve currency what does close mean, and what would the decline of this status mean for Americans?

Dalio: Within the next five years you could see a situation in which foreigners who have been lending money to the United States wont want to, and the dollar would not be as readily accepted for making purchases in the world as it is now.

We have to realize that were spending more than were earning. Every individual, every company and every country has an income statement and a balance sheet. The income statement is how much is your earnings are relative to your expenses. If your earnings are greater than your expenses, great, you will increase your balance sheet. If your earnings are less than your expenses, then you have to draw on your balance sheet.

The United States doesnt have a good income statement and balance sheet in dealing with the rest of the world. It is running a deficit to the rest of the world that is financed by borrowing money so that we are producing liabilities. Our living standards are based on our spending, not on our income statement or balance sheet. If the U.S. loses that ability and it doesnt force itself to be more productive, one day it will lose that ability to borrow and then will have to cut spending, which is painful.

When that pain happens at a time when you have the population at each others throats over money, thats a toxic combination. People cant take a downturn and have less buying power. So, necessarily the poor will have to be getting money from the rich and the rich are going to want to prevent that, and then if it gets bad enough, that it messes up productivity.

Read: The Fed is fighting the last battle, and here are the risks to its new strategy

Also read: This new ETF is made for black-swan moments like now

When the causes people are fighting for are more important to them than the system that binds them together, the system is in jeopardy.

MarketWatch: What steps do politicians and business leaders need to take now to create and implement reforms that will fortify the U.S. balance sheet and the dollars status?

Dalio: In brief, productivity and equal opportunity are most needed. If we could at least agree that we must have these things, that would be great. What we have now is a situation in which were fighting each other, we are not providing equal opportunity, and we are losing our productivity gains.

One of the greatest problems is that everybodys fighting for their cause. When the causes people are fighting for are more important to them than the system that binds them together, the system is in jeopardy. This seems to now be happening. Everybody has their cause and theyre almost losing sight of the overall picture. Democracy depends on compromise. Its the notion of compromise and working together and being able to have a negotiation to get what the most people want rather than have one side beat the other.

You really have to take the relative parties and make them agree on whats going to be best. The group has got to be bipartisan and they have to be knowledgeable. Bring together parties of opposing ideologies who are also knowledgeable, not just smart but who are on the ground, to come up with a plan together that all can support so that were productive, increasing the size of the pie and dividing it well. It would be great if whoever the president is could draw upon people from both parties and different perspectives.

MarketWatch: As Americans prepare for a presidential election in November, the three major problems you mentioned earlier would seem to be important factors for voters to consider.

Dalio: Yes. The world is going to change in the next five years in shocking ways in relation to the three big issues we have been talking about.

First, theres a debt-money cycle what is the value of money? What will happen to the debt? Will the dollar retain its value? The finances of this who is going to pay for it? How? What will work? Thats number one.

Second, the wealth, opportunity and values gaps will have to be dealt with. Are we going to be at each others throats in a way that is harmful or are we going to be working together even if things get worse?

Third is the rising of a great power in China to challenge the existing power of the United States. Will this be well handled?

We will be dealing with these issues in the next presidential term, which will have a huge effect on our outcomes.The last time those three things existed as they do now was the 1930 to 1945 period. Thats the last time you had zero interest rates and money printing. Thats the last time you had the wealth and political gaps as large as they are today, and it was the last time you had rising powers challenging the existing world order. This and many analogous times before it help to give us perspective.

Worry as much about the value of your money as you worry about the value of your investments.

MarketWatch: These and other domestic and international challenges will clearly affect Americans financially. What would be a smart, proactive strategy for investors to both protect a portfolio and take advantage of market opportunities?

Dalio: First, worry as much about the value of your money as you worry about the value of your investments. The printing of money and the debt should make you aware of that. Thats why financial asset prices have gone up stocks, gold because of the debt and money creation. You dont want to own the thing you think is safest cash.

Second, know how to diversify well. That includes diversification of countries, currencies and assets, because wealth is not so much destroyed as it shifts. When something goes down, something else is going up so you have to look at all things on a relative basis. Diversify well and worry about the value of cash.

Americans look at the value of everything in U.S. dollars, but they dont look at the value of the dollar. Youre in an environment where you have to be cautious about that, because the easiest way out for government is to do what the U.S. just did, which is to borrow and print a lot of money. They dont have to get it from anyone, because when they raise taxes they have to get it from somebody and that somebody squawks. The population doesnt pay much attention to the debt and the printing of money. They all appreciate the giving of money. So you hear the population say, I need more money, and get angry if they dont get it. So youve got to give them more money, and its easier not to take it away from someone else.

Read: Billionaire investor Ray Dalio fears for the dollar and the soundness of our money, and heres why

Plus: Investors could be looking at a lost decade in the stock market, the worlds biggest hedge fund warns

Originally posted here:
Billionaire investor Ray Dalio on capitalisms crisis: The world is going to change in shocking ways in the next five years - MarketWatch

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September 19th, 2020 at 3:55 am

Landlord Compliance Officer – Fire and Asbestos job with Onward Homes | 4642801 – Inside Housing

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Onward Homes is one of the largest registered providers of social housing in the North West, with 35,000 properties across the region.

We believe that everyone deserves a place to call their own, which is why were committed to building 400 new homes each year. We do more than just provide a roof over our customers heads, were here to make a real difference.

At Onward were working towards creating positive spaces, which extends to not only to the communities we serve but to our workplaces being positive spaces that are open, diverse and inclusive. Onward is committed to being a diverse and inclusive organisation in every aspect of our work.

We are looking for aLandlord Compliance Officer - Fire and Asbestos (1 post)to join our Property team on a fixed term basis for 12 months.

The Compliance Officer will deliver effective management of Fire and Asbestos compliance across the region in accordance with regulatory undertakings to ensure Onward is fully compliant and reduces any residual risk to customers, colleagues and third parties.

Responsibilities include ensuring thatall Fire and Asbestos servicing, testing and inspection processes are carried out correctly, remedial/follow on works are undertaken on a risk basis, that the service, testing and inspection process is fit for purpose and that the records and certification is appropriately recorded, validated and current.

In addition, ensuring effective management and administration of Fire and Asbestos contracts, set and deliver performance standards, monitor progress and resolve issues andup to date information relating to Fire and Asbestos Compliance risks. Take overall health and safety responsibility and compliance with legislative requirements for all investment activities within the region, to include delivery of a comprehensive programme of training in Fire and Asbestos safety.

All posts are recruited to the recruitment salary and movement to the confirmed salary is based on successful completion of a 6 month probation. As well as a competitive salary and a generous annual leave entitlement, we offer a range of benefits for a rewarding career including a health cash plan, pension scheme and personal development.

The base location for this role is Renaissance Court, Didsbury. However please note that due to Covid-19, we have adapted our working arrangements under government guidelines and Safe Systems of Work and the current working arrangements for the role will involve a mixture of home working and occasional site based activity around the Greater Manchester region as required. Discussions around the current working arrangements and Safe Systems of Work specific to the role will take place during the interview process. If candidates have any concerns / questions in relation to Covid-19 and the role at any stage of the recruitment and selection process they can contact the HR team onHumanResourcesTeam@onward.co.ukand a member of the HR Team will be in touch.

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Landlord Compliance Officer - Fire and Asbestos job with Onward Homes | 4642801 - Inside Housing

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September 19th, 2020 at 3:55 am

What university will really be like for the class of 2020 (and there’s plenty to be excited about) – Telegraph.co.uk

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A job might also help you if you are feeling the mental effects of having left home combined with the disappointment of starting university in semi-lockdown. Alister Gray, life coach and founder of Mindful Talent, says that some level of anxiety is to be expected, and that applies this term more than ever.

Thats true when you start anything new or experience change, says Gray. For some this will be heightened, but either way, acknowledging the feeling is the first step. And, he points out, remind yourself, you are not the only one. All your peers will be feeling some level of stress.

Most universities were already committed to enhancing their mental health provision through Universities UKs Stepchange programme, which advocates a whole-university approach to mental health, so that wellbeing becomes part of the curriculum as well an issue of pastoral care. Some have built on that by making sure that support was accessible remotely, and offering Covid-specific resources to students and staff.

But individuals can support their own mental health too. As you enter university, things will become more clear, Gray explains. Youll meet your peers and start the course itself. Then if you experience a moment of doubt why did I do this course, will I ever make friends? go back to the moment that you filled in your Ucas form and remind yourself of that moment of excitement. That will ground you, he says. and remind you of why you chose your path.

Still feeling anxious? Then dont bottle up those feelings. See who you can speak to, says Gray. whether that be your peers, tutors, family or professional support. Its not a weakness to ask for help.

It can help, he says, also, to think about balance making sure that you schedule in some time every week, in among the studying and social life, to do something that makes you feel good. That could be a walk, meditation or finding a mentor or coach.

Crucially, says Gray, consider your values. That may sound stuffy, but take time to reflect on who you are and what matters to you. Ask yourself, what is important to me? What would make this year successful?

It might be a very different experience to the one that older siblings or parents enjoyed when they were students, but we can only play the cards we are dealt.

And, rest assured, everyone Ive spoken to is convinced that the class of 2020 will look back on their university years as a stimulating, rewarding, exciting and life-enhancing time.

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What university will really be like for the class of 2020 (and there's plenty to be excited about) - Telegraph.co.uk

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September 19th, 2020 at 3:54 am


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