Pasadena Service Federal Credit Union Christens Covina Branch with Ribbon Cutting

first_img Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Herbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeautyHe Is Totally In Love With You If He Does These 7 ThingsHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeautyHerbeautyShort On Time? 10-Minute Workouts Are Just What You NeedHerbeautyHerbeautyHerbeauty15 Beauty Secrets Only Indian Women KnowHerbeautyHerbeauty Subscribe Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. The house, or should we say branch, was packed with notables as Pasadena Service Federal Credit Union cut the ribbon on their newest branch in the city of Covina. The full service branch will operate under its former name, Printing Office Federal Credit Union, but now under the umbrella of its parent company PSFCU.This is a momentous event for Pasadena Service Federal Credit Union as this brings jobs and opportunities for the city of Covina and continues to extend the reach for PSFCU. The event was capped off with refreshments and nosh for all.To learn more about the Pasadena Service Federal Credit Union call (877) 297-4707 or visit their website You can also stay in touch with them on Facebook:, Twitter: @PasadenaServFCU, and Yelp: Visit PSFCU’s offices at 670 N. Rosemead Blvd, Pasadena, CA 91107, their Vernon branch at 2529 S. Santa Fe Ave. Vernon, CA 90058, or their Covina branch at 301 E. Rowland St. Covina, CA 91723. Your email address will not be published. Required fields are marked * EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes First Heatwave Expected Next Week More Cool Stuff Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday center_img Business: Retail News Pasadena Service Federal Credit Union Christens Covina Branch with Ribbon Cutting From STAFF REPORTS Published on Friday, April 28, 2017 | 8:27 pm Make a comment Top of the News 18 recommended0 commentsShareShareTweetSharePin it Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Community News Name (required)  Mail (required) (not be published)  Website  Community News Business Newslast_img read more

Move over Henry Ford

first_imgWe’re on the brink of the next industrial revolution predicts UK businessguru Jim Maxim and, this time around, HR should throw out the old rule book andoccupy the driving seat, writes Penny WilsonJim Maxim, former chief executive of Laura Ashley and Volvo UK, and hiswife, Shoshana Zuboff, distinguished Harvard professor, flew into London amidnews of mass lay-offs and the fat cat furore. This was good timing as they werehere to promote their new book, The Support Economy, which, after six years’research, concludes that the world is witnessing the biggest businessrevolution since Henry Ford brought cars to the masses in the 1920s. It would be easy to dismiss the soft-spoken Maine residents as fly-by-nightevangelists preaching the wrongdoings of capitalism. The fact is though, thatwith the current corporate malaise, those who want change don’t really know howto start. Those who don’t are terrified of losing their identity along with thePorsche. The book, The Support Economy: Why Corporations are Failing Individuals andthe Next Episode of Capitalism, to give it its full title, has attracted ravereviews. Maxim explains that to understand what’s going on, you first have to have ahandle on history. Henry Ford made real his vision that not just the rich, butfarmers and shopkeepers would own cars. So he upped production and sold to themasses. Ford dismissed the notion of management, saying men promoted into toppositions would only spend their time playing politics. Inevitably, layers ofmanagement crept in, mushroomed throughout other organisations aping Ford’ssuccess, and the capitalistic system wholeheartedly supported the philosophythat men worked and women consumed. It produced fabulous wealth, but the systemwas inwardly focused. Organisational narcissism became pathological – what wasright for management was right per se. “That’s what breeds an Enron,” says Maxim. “We basically tooka manufacturing model from Ford and super-imposed it on every organisation andeveryone. It has bred the fat cat bonus and no-one questioned it because whoquestioned the CEO? “You can try to legislate against this, but nothing will change becausethe problem is systemic. You will still find people reducing benefits to staffyet carving out a hidden pension trust for themselves.” The result is that people feel betrayed. Someone, states Maxim, has tobecome the spokesman to say enough is enough. And to whom does he assign muchof this responsibility? To HR, that’s who. “HR should be the social conscience. Someone has to draw attention thatthere has been a revolt; that capitalism is proprietary and managerial; thatthe manufacturing system is no longer appropriate for today; that society isnow made of individuals who want the freedom to make their own decisions; thatbusiness has to be about advocacy relationships; and that there must be a newway of doing business. If HR was on mind-altering drugs it would see more thanjust boxes of consumers, people and staff,” says Maxim So what is the next phase of capitalism? Maxim predicts it will bedistributed among individuals, not management. The future holds careersbelonging to the individual, not the company, and those individuals are alreadydemanding their own rights. People will be rewarded according to their supportand the scale of the risks they take. And who will decide on the reward?Investors, customers, shareholders and stakeholders. The result will be thatthe deepest, darkest managerial secrets will become transparent, believesMaxim. Ask for the practical ABC guide to seeing through the theory and Maxim saysthere isn’t one, because the business world is in transition and needs to throwout the factory rules everyone has slavishly followed to date. Instead headvocates that HR rids itself of the legacy it once held that ‘real men doproduction and capitalism, not HR’. “HR needs to recognise the revolution taking place – it needs to advocatethe closing of the gap between and highest and lowest paid and needs to saywhat’s right and wrong. We need to stop this bulimic function where[organisations] suck people in, then push them out because they are seen as acost. Why does the share price rise when you sack a bunch of people? It shouldin fact fall.” However, the old business system still keeps ticking. In 2001, £10bnworldwide was spent on customer relationship management (CRM) systems, which intheory should have seen great returns on sales. Yet the valuation of companiesplummeted. Many answered the trend by pushing up prices and laying off staff toreduce the cost base. It’s a worn rulebook that needs to be thrown out, reckonsMaxim. So what is to replace it? Simplistic solutions, he says. “HR has to get strategic to understand the business it is supporting.You have to look at how you can bring your customers closer to your staff,reward effectiveness, grant value to individuals, and question what yourorganisation’s values actually stand for. You should investigate alliances,inside and outside your organisation, to create support networks for staff, andto build trust relationships.” This new-found power among people, consumers and staff alike, has beensparked by technology. Maxim and Zuboff call it ‘infrastructure convergence’ –the knitting together of software that powers a company’s framework anddealings with customers. Yet too many organisations still fail to recognise today’s new breed ofcustomer who wants something different from business – deep support, not just amass product or service. Stick to the limited success of initiatives such as CRM, customer and staffsatisfaction programmes, and the old rules of factory employment and values,and you ignore a revolution at your peril. The Support Economy: Why Corporations are Failing Individuals and theNext Episode of Capitalism, by Jim Maxim and Shoshana Zuboff, published byPenguin, is available at a 30% discount through the personnel today website(see below). For a selection of peer-reviewed HR titles Previous Article Next Article Related posts:No related photos. Comments are closed. Move over Henry FordOn 30 Sep 2003 in Personnel Todaylast_img read more