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BE Future of Work examined the impact of artificial intelligence on black workers

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BLACK ENTERPRISE Future of Work Town Hall


During a thought-provoking session BLACK ENTERPRISES The Future of Work Town Hall brought together experts from various fields to delve into the complex area of ​​upcoming changes in the labor market, with a specific focus on their impact on African-American workers. The session, led by moderator Ed Gordon, was a possibility for in-depth conversations about the obstacles and opportunities resulting from the rapid pace of technological progress and the changing nature of employment.

Earl “Butch” Graves Jr., CEO TO BE, began the discussion by introducing the topic and emphasizing its urgency. He highlighted the rapid pace of change transforming the employment landscape across the board and noted the unique stakes for Black Americans. He also discussed the impact of the gig economy on productivity, efficiency and collaboration, raising questions on whether these trends are literally moving us forward as a nation. Butch emphasized that the future of work represents our future as a nation and TO BE is fully committed to maximizing opportunities for Black Americans in the changing employment landscape. Butch also thanked Nationwide for continuing their long-term partnership.

After Graves’ introduction, Vinita Clements took the stage to start the session. Clements, vice chairman and chief human resources officer for Nationwidelong-time supporter TO BEprogram, set the tone for the event. Clements outlined key topics for discussion, including the impact of automation and artificial intelligence (AI), the rise of distant and adaptable work models, the dynamics of the gig economy, and the crucial need for continuous learning and skills development in the rapidly evolving employment sphere. She also highlighted the key role of diversity, equity and inclusion (DEI) in creating the future of the workplace. She emphasized the importance of HBCUs in preparing students for achievement in the skilled world.

Gordon introduced panelists including Clements, motivational speaker Paula Fontana and tech entrepreneur Ariel Lopez. They discussed the transformative potential of technology, especially artificial intelligence, in transforming industries and redefining traditional job roles. Panelists emphasized the importance of eliminating systemic barriers to access and improving policies that promote diversity and equity in the workplace.

Fontana emphasized the importance of soft skills in driving the future of work, emphasizing adaptability and resilience as essential qualities to succeed and remain relevant. Lopez echoed this sentiment, highlighting AI’s potential to streamline tasks and increase productivity, while expressing concerns about bias and privacy issues inherent to AI technology. “It is important that Generation Z and anyone actively seeking work understands that difficulties in the labor market should not be interpreted as a reflection of their abilities. In today’s competitive job market, companies are inundated with hundreds of resumes, but only a few candidates are selected for further consideration. “Most resumes are filtered through applicant tracking systems, which emphasizes the importance of standing out from the crowd,” said Lopez, founder and CEO of Knac, a recruiting platform that reduces bias in the application process.

Lopez added one other thread to the discussion, highlighting the transformative potential of technology, particularly artificial intelligence, in transforming industries and redefining traditional job roles. Lopez emphasized the power of artificial intelligence in streamlining processes, increasing productivity and driving innovation. However, she also expressed legitimate concerns about bias and privacy issues inherent in AI technology, calling for greater transparency and ethical considerations in its implementation.

At the end of the conversation, the panelists gave practical advice to the listeners. Fontana urged individuals to construct meaningful relationships and pivot when essential, while Lopez emphasized the importance of DEI in the workplace.


This article was originally published on : www.blackenterprise.com
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Business and Finance

Reginald Lewis’ daughter opens Beatrice Advisors

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Christina Lewis, Reginald Lewis, Beatrice Advisors, Reginald Lewis


Daughter of a superstar Black financier Reginald Lewis followed in his father’s footsteps opening Beatrice Advisors to assist families like hers.

Christina Lewis opened an organization publicly on June 13 in New York. It is the primary multifamily office of its kind to be owned by a Black woman. Meredith Bowen, former partner at Seven Bridges Advisors, will function president and chief investment officer. With a few of their assets coming from the family business BFO21 and Lewis’ personal network, the band is pushing to maneuver away from the established order of occupying a particular area of interest.

Lewis’ goal is to spotlight the importance of getting a tax-efficient portfolio for the following generation of heirs, entrepreneurs and multiracial families like hers. He also desires to set a regular for having a solid team of investment managers, lawyers and accountants that clients can trust and never feel obliged to do.

“The next generation may be very uninformed, just like me and my whole family were when my dad died,” she said, recalling her father, who died when she was 12.

“He had all the intellectual capital around investing and financial access, and of course he never expected to die at 50.”

Her father was the one black person on Forbes’ list of the 400 richest Americans after appearing on the list in 1991 – with a net price of $340 million and an estimated net price of $400 million – which increased in 1992 that very same 12 months he was diagnosed with a terminal brain tumor and died in January 1993, aged just 50.

His estate was left to his wife Loida Lewis and daughters Christina and Leslie. Now, greater than 30 years later, she lives by the three mantras her father left her: do your homework and follow it, make a plan and follow it, and be good at your job.

Beatrice, apparently named after the landmark Beatrice acquisition, which was curated by Christina’s father and have become the primary Black-owned billion-dollar company, offers clients single-family offices and an progressive and technology-driven approach that encourages clients to tailor their investments to suit their individual goals. The current offer includes three key services: investment management, financial planning advice for clients and own investments.

However, Lewis doesn’t stop there and plans to expand his business over time.

Former vp and financial advisor at Shufro, Rose & CoMichael Hymes will function managing director and head of client advisory on the chief team. Bowen spoke highly of Lewis’s leadership she said she was excited to be a part of a “new level of autonomy”.

“Meeting customers where they are now and where they will be tomorrow, while giving them a new level of autonomy, makes Beatrice’s offering an exciting one,” Bowen said.

“Christina has demonstrated an exceptional ability to drive meaningful change, and I am excited to work with her and the team to build a truly differentiated set of solutions for our clients.”

The latest investment firm owner also serves as vp of the Reginald F. Lewis Foundation and is an executive producer of the upcoming biopic about her father’s life, named after his autobiography, “Why Should White Guys Have Fun?”


This article was originally published on : www.blackenterprise.com
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4 ways to protect your credit during the holidays

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Black-Owned Credit-Building App, Michael Broughton


The holiday season is sort of here. But before you finalize your plans, stop and be certain that you are not practicing behaviors that might jeopardize your credit.

Falling into vacation mode – and the charging frenzy that comes with it – is what gets lots of us into trouble. Here are 4 ways to keep your credit in great shape during the holidays:

Don’t apply for retail credit cards

Getting 10% off your purchase really is not value it in the long term. Opening a brand new account could mean problems for your credit rating, as the length of your credit history accounts for 15% of your FICO rating. The older your credit age, the higher, because it shows you’ve a protracted history of credit management. Opening a brand new credit card account will lower your overall credit age and, subsequently, your rating. Applying for a loan also signifies that an inquiry can be processed on your report. Inquiries make up 10% of your FICO rating.

Be careful when shopping online

If you might be purchasing gifts online, remember to only visit sites you might be conversant in or have done business with in the past. Don’t share your credit card number with anyone.

Don’t overload

Be careful how much you spend. If at the end of the month you might be unable to repay the amount charged, reconsider your purchases. Overcharging your card will end in a rise in the amount due. Amounts owed are 30% of your FICO rating.

Don’t forget to pay your bills

It could appear obvious, but when traveling and visiting relatives, it is easy to forget to pay the bills. Set reminders on your calendar or automatic bill payments so you do not miss a payment and get a negative mark on your credit report. Your payment history accounts for 35% of your FICO rating.


This article was originally published on : www.blackenterprise.com
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Business and Finance

4 square tips to avoid leaving money on the table

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As a newcomer to the Omega Psi Phi National Convention, Karla Spencer-George has learned lots from other vendors who’ve been in the industry for years. But when she pulled out her Square bank card reader, everyone was impressed by her ability to quickly process transactions using the device on her Android phone.

“I wish they would have used it instead of a traditional machining machine,” says Spencer-George, who worked as an electrical engineer at Lockheed Martin for 12 years before founding Liberation Clothing & Gifts, LLC in February 2010.

It sells merchandise promoting Black history and culture, including T-shirts, documentaries, books, calendars and paintings. Although the company’s business is primarily online, Spencer-George also sells its merchandise at Black Run events, comparable to national and regional Black sorority and sorority conventions, Black History Month fairs, science fairs, Juneteenth observances and natural hair symposia .

Spencer-George selected to use Square for events since it was faster and cheaper than a bank card processing machine. In any case, bank card payments can account for 35% to 65% of the products it sells. She learned that despite the fact that the Square device only cost $10, she could get it back once she arrange an account. It also helped that there have been no fixed monthly fees.

Additionally, Square allowed her to call regular customers without having to re-enter their email addresses or phone numbers to send them confirmations. She was also impressed by the plug-and-play features of Square’s software.

“Just connect the device to your phone or iPad and swipe,” says Spencer-George, who also studied computer science in college. “I also see the proven fact that transactions are paperless as a bonus for me and the environment.

Already an experienced seller, Spencer-George offers the following tips to make sure you don’t miss a sale:

Perform advanced on-site testing

“It’s necessary that my bank card payment processor runs easily. Whether your event is held at an out of doors trade show or in the underground, lower level of the exhibit hall, you will need to travel to the event venue and complete a test Square transaction prior to the event. If you might be unable to get to the event location upfront, please call your ISP to discuss coverage in that area. Additionally, if a spot offers secure Internet for industrial transactions, consider purchasing it.

Don’t stop at a single point of failure

To avoid falling victim to Murphy’s Law, use two mobile devices with Square software. This way, if one device dies, you’ll have one other one. I take advantage of each a Droid phone and an iPad. I take advantage of a wireless hotspot separate from my Droid phone for iPad. This will make your Droid phone take longer to charge. Finally, I’m bringing my laptop so I can use an old-fashioned merchant account if all else fails.

Charge all of your devices

Since you might not have access to electricity during the event, make certain to charge all of your devices the night before. Before each event, I charge my Droid phone, iPad, laptop, wireless hotspot, and portable wireless charger.

Use a stylus

Invest in a stylus for touchscreen devices. Let your customers sign transactions with a stylus as an alternative of their fingers. Using a stylus is more skilled and easier for purchasers to write.


This article was originally published on : www.blackenterprise.com
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