What happened: The CEO of Standard Chartered apologised after describing some workers as 'lower value human capital'. He emphasised his commitment to supporting all employees through change.
Why it matters:
- The comment sparked concerns about workplace respect and employee value.
- It affects staff morale and the bank's public image.
MNN Take: Leaders' language around workforce value can impact employee trust and organisational culture, prompting the need for clear communication and support.
Sources: BBC Business