There’s a trend in the marketplace these days to go local. Restaurants and grocery stores are touting locally sourced ingredients while Small Business Saturday offers a local antidote to the mad Christmas shopping rush at the mall. Even clothing and furniture stores are jumping on the bandwagon by highlighting items manufactured within the region. But should the push to go local also extend to hiring retail employees? Or is that task best left to the head office? Wharton accounting professor Carolyn Deller and Harvard business professor Tatiana Sandino find answers in their latest research, which examines whether decentralized hiring results in better employee retention and store performance. The paper is titled ”Who Should Select New Employees, the Head Office or the Unit Manager? Consequences of Centralizing Hiring at a Retail Chain.” Deller recently spoke with Knowledge@Wharton about the findings.
The decision earlier this week by the U.S. Environmental Protection Agency (EPA) to repeal the Clean Power Plan would force the U.S. to cede leadership in innovation and climate change policies to other countries such as China, hurt job growth in the energy industry and fail to prevent a whole range of adverse environmental and health effects, according to experts at Wharton and the University of California-Berkeley. The Obama-era plan, which has been moved from the EPA website to its archives, aimed to limit greenhouse gas emissions from power plants by helping states begin to replace coal with renewable energy sources.
Japanese Prime Minister Shinzo Abe is campaigning once again for a fresh mandate for his government, nearly five years after he took office in late 2012 vowing to restore the country’s past dynamism. Beset by cronyism scandals, facing new challenges from both the left and the right, Abe is relying heavily on the mixed success of his stimulus-driven economic policies, and worries over the threat from North Korea, as he fights to retain his ruling Liberal Democratic Party’s overwhelming parliamentary majority in the October 22 election.