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More companies are bringing workers back into the office -- and some employers want to know about vaccination status.
Morgan Stanley (MS) told employees who work at its Manhattan headquarters that they have to be vaccinated against Covid-19 before returning to the office. The bank also said in a memo to New York employees that staff working in buildings with a "large employee presence" must confirm their vaccination status by early July. READ MORE
Microsoft is joining the growing list of companies that are requiring workers to get vaccinated.
The tech firm said Tuesday that employees, vendors and guests entering Microsoft's (MSFT) buildings in the US will be required to show proof of vaccination beginning in September. READ MORE
Last year, Uber (UBER), Lyft (LYFT), DoorDash and Instacart succeeded in getting Californians to vote in favor of a ballot measure exempting them from classifying drivers and delivery workers as employees. Now, the companies are in the early stages of taking a similar approach in Massachusetts.
The coalition representing these gig companies, Massachusetts Coalition for Independent Work, said it filed Wednesday to have a question put on the state's 2022 ballot that would "grant historic new benefits" and allow workers to "maintain their flexibility as independent contractors," something it says most drivers want. READ MORE
The US once again ranked last in access to health care, equity and outcomes among high-income countries, despite spending a far greater share of its economy on health care, a new report released Wednesday has found.
The nation has landed in the basement in all seven studies the Commonwealth Fund has conducted since 2004. The US is the only one of the 11 countries surveyed not to have universal health insurance coverage. READ MORE
Turbulent times call for decisive measures and actions. Drastic changes in economic and sociopolitical landscapes create crucial decision-making points for business owners or managers. Unfortunately, it is not possible to choose when to address critical quandaries or when they would come up. READ MORE
Between companies and departments, businesses typically have many different people running interviews. While not everyone is good at reading personalities, an interviewer should be — if he or she hopes to find the best candidate. Interviewing for the right personality in a potential employee gives you greater security in his or her fit for the role and within the company and in that person's ability to build a long-term relationship. Combining human interviewers with AI systems allows you to find the best fit faster. READ MORE
Americans are trickling back to their pre-pandemic workplaces, but most offices are still largely empty. And that's affecting local economies in a major way.
Love it or hate it, commuting is good for the economy. You pay train conductors' salaries with your subway fare. The dry cleaner by the office and the coffee shop around the corner all count on workers who have been largely absent for nearly a year and a half. READ MORE
An increasing number of companies are requiring their employees to be fully vaccinated before heading back to the office amid fears that the delta variant of the coronavirus will hinder the economic recovery.
In recent weeks, the corporate world has begun requiring masks and COVID-19 shots for employees, in order to combat the delta variant, which is fueling infection surges and threatening efforts to stamp out the pandemic. In certain cases, some companies have even delayed their return to office dates out of an abundance of caution. READ MORE
After years battling Silicon Valley skeptics and Wall Street adversaries, Michael Dell has pulled off the deal of the century, borrowing and flipping his way to a $50 billion fortune. His biggest ambitions lie ahead—and they have nothing to do with space. READ MORE
A former Facebook data scientist who became a whistleblower on her way out of the company last September is calling for more transparency and oversight of social media giants while arguing in favor of keeping the controversial Section 230 clause in place.
"It’s certainly true that social media is a natural monopoly because people look for social media networks that all their friends are on," Sophie Zhang told FOX Business Friday. "And that means that once there’s an established company, it’s really hard to introduce a competitor." READ MORE
An employee performance management process is one of the oldest, natural and most universal forms of creating a conducive environment in an organization. It’s a continuous process to build a competitive atmosphere where people develop a sense of purpose and thrive. Studies, however, show that a critically high percentage of companies and workers claim to be dissatisfied with their existing performance management system. Without a doubt, rethinking performance management needs to be at the top of executive teams’ agenda today. To help companies overcome existing inefficiencies, we’ve listed a few reasons why employee performance management fails and what we can do to help people perform their job to the best of their ability. READ MORE
This past spring, I established a rule requiring all 150 of my employees to be fully vaccinated against Covid, regardless of where they are working. Although our employees have been allowed to continue working from home, all of them need to be able to attend a meeting at the office if they're called in. That meant mandating vaccines for everyone, unless they had a medical exemption from a doctor.
I also made the same rule for anyone else who wishes to visit our facilities. This includes representatives of businesses that might want to buy parts from us and wish to see our work in action. It also includes investors and contractors. READ MORE
Businesses are trying out different models to merge the best parts of home, coffee shops and your old office without the commute. READ MORE
In 2019, Steven Spielberg called for a ban on Oscar eligibility for streaming films, claiming that “movie theaters need to be around forever” and that audiences had to be given “the motion picture theatrical experience” for a movie to be a movie. Spielberg’s fury was about not only the threat that streaming posed to the in-person viewing experience but the ways in which the streaming giant Netflix reported theatrical grosses and budgets, despite these not being the ways in which one evaluates whether a movie is good or not. Netflix held firm, saying that it stood for “everyone, everywhere [enjoying] releases at the same time,” and for “giving filmmakers more ways to share art.” Ultimately, Spielberg balked, and last month his company even signed a deal with Netflix, likely because he now sees the writing on the wall: Modern audiences enjoy watching movies at home. READ MORE
Google co-founder Larry Page has reportedly been living off the grid for more than a year, hiding out in Fiji on isolated islands away from tourists as the pandemic swept the world.
Fijian health officials even pressured a TV network to pull a story about him donating COVID-19 medical supplies to the country, as the tech titan went out of his way to avoid the public. READ MORE
Maglan Capital President David Tawil argued on "Mornings with Maria" on Thursday that "with respect to oil supply, the rush for the exit doors is getting really serious" amid "strong demand" with the reopening of economies, which could soon lead to "a serious oil crisis in this world."
The energy expert has been bullish on oil for the past couple of months, and told "Mornings with Maria" in June that he expects oil prices to hit $100 per barrel before the end of 2021. On Thursday, he told host Maria Bartiromo that he believes his projection still holds true, adding that it will happen sooner rather than later. READ MORE
One of the leading voices in the semiconductor industry sees the chip-supply problems stretching as far as 2023.
It could take one or two years to get back to a reasonable supply-and-demand balance in the semiconductor industry, Intel CEO Pat Gelsinger said in an interview with The Wall Street Journal after the company posted second-quarter earnings on Thursday. "We have a long way to go yet," he said. "It just takes a long time to build [manufacturing] capacity." READ MORE
For most professionals, performance management evokes thoughts of feedback, weekly check-in’s, annual reviews and key performance indicators that measure productivity, efficiency and ability. While these activities and outcomes are important, they do not provide a clear story about what causes an employee to underperform or what intervention is best for improving the employee’s performance. READ MORE
Last month, the U.S. Securities and Exchange Commission (“SEC”) released its 2021 regulatory agenda that included the affirmative defense provisions of Rule 10b5-1 among the areas in which the agency may take additional rulemaking action.1 This release followed an announcement by SEC Chairman Gary Gensler (“Gensler”) on June 7, 2021, that he had directed SEC staff to consider both tougher restrictions on securities trading by corporate insiders pursuant to Rule 10b5-1 trading plans and increased transparency for such trading. Gensler expressed his concern that abuse of Rule 10b5-1 plans has led to a gap in insider trading laws and undermines investor confidence in the markets. READ MORE
Billionaire Jeff Bezos announced Tuesday he's shelling out a massive amount of his own cash to two men: the controversial CNN contributor Van Jones and celebrity chef José Andrés, each of them getting $100 million to direct to the charities of their choice. READ MORE