The Labor Department says the economy added 204,000 positions last month. Meanwhile, the unemployment rate increased to 7.3% as hundreds of thousands of government workers stayed home during the shutdown.
Top management and boards increasingly want auditors skilled in strategic and compliance risk. Unfortunately, auditors' skills don't always match up, according to a report by the Institute of Internal Auditors. About 70% of respondents see strategic risk as a top priority, yet only 4% of audit resources will be devoted to it during the next year, partly because "internal auditors don't have the confidence that's an area they have expertise in," IIA President and CEO Richard Chambers said.
CEOs who want to encourage innovation should stay away from contests that offer money for the best ideas. On many levels, these simply don't work. Most companies have no trouble generating ideas; the problem arises in sorting through them. Also, employees are not motivated by money but rather autonomy and a sense of purpose.