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It's coming up to two years since a global pandemic tore up the traditional model of work, and many of us are still getting used to it.
While some companies have seen employees trickling through their doors again, others continue to spend the week logged in to work from whatever corner of the house offers the most comfort. Meanwhile, the idea of remote, flexible or 'hybrid' working becoming the norm continues to divide opinion. READ MORE
While “The Great Resignation” may seem like a passing phenomenon, it’s more complex and potentially serious than you may think. It’s quickly morphing into The Great Revolt.
October has seen the launch of worker strikes across a range of industries because the current labor shortage has tipped the balance of power to employees. The Washington Post reported that low-wage workers are revolting against years of poor pay and stressful conditions. READ MORE
Do you want to be on a team or do you want to work on the project alone? Or put another way, are two heads better than one?
A new study from Wharton professor Duncan Watts dissects the issue and comes up with a seemingly simple answer. It depends on the complexity of the problem. His argument is that “simple tasks are best accomplished by individuals, while difficult ones are more efficiently completed by a group.” READ MORE
It doesn’t take much for what once seemed a good idea to turn into a bad business. Turning a blind eye on current and predicted market trends can cost you a failed business and bankruptcy. To prevent that from happening in 2022, we’re taking a look at the worst business ideas right now.
It’s not that they’re really bad business ideas per se. It’s more about how the socio-economic situation is unsustainable to move on with their realisation. We’re sure that once our society gets rid of all social-distancing measures and fear of virus contagion these ideas won’t sound bad. However, in 2022 it’s wiser if you stay away from these bad business ideas. READ MORE
Three tech giants control more than half the global advertising market outside China as the pandemic accelerates the industry’s digital transformation and decline of traditional media. Google’s parent company Alphabet, Facebook owner Meta and Amazon have doubled their share of ad revenues in the past five years, according to estimates from media buyers GroupM. READ MORE
Economists surveyed by the National Association for Business Economics are predicting that annual inflation will remain above 2% over the next three years as a result of rising wages and strong demand for goods and services. READ MORE
CEO turnover spiked in the first half of 2021, as companies tapped new talent to navigate the aftermath of the Covid-19 pandemic and stressed-out chief executives sought a career change, a study from recruiting firm Heidrick & Struggles found.
The findings illustrate how CEOs are not immune to the exhaustion that has swept hundreds of millions of workers worldwide since the onset of the pandemic and has pushed many to consider a new job or lifestyle in a wave dubbed "The Great Resignation." READ MORE
SEC Chair Gary Gensler finally reveals his stance on Bitcoin by saying he doesn’t support its “off-the-grid” approach to finance.
Given Gensler’s experience teaching blockchain technology at MIT, many billed him as the “right choice” to lead the securities regulator. But coming up to eight months since being sworn in, and it’s fair to say his tenure to date hasn’t advanced the cryptocurrency sector how many imagined. READ MORE
Major tech and media companies have set their third attempt at returning to the office en masse in early 2022. But with no end to the pandemic in sight, and with the shadow of uncertainty cast by the Omicron variant, some of those plans might be changing. Google on Thursday told staffers that the company will not be fully returning to offices in early January, after all. It will wait until 2022 to assess when workers will head back to a "stable, long-term working environment." READ MORE
Three important trends are likely to dominate the US labor market in 2022: the ongoing economic recovery from the pandemic, the severe labor shortage, and the increasing adjustment to remote work. But there is one wildcard that could upend everything: A new Covid-19 surge, driven by Omicron or another variant. READ MORE
The era of big Chinese companies heading to the United States to raise money may have just come to an end.
What's happening: China's Didi announced Friday that it will "immediately" start the process of delisting from the New York Stock Exchange and pivot to Hong Kong. READ MORE
Two years ago I wrote a letter to the chairman of Twitter calling for Jack Dorsey to be replaced as CEO. Or, more to the point, for the board to appoint a full-time CEO. An executive who spends 90% of his time running another company and plans to spend half the year on a different continent looked like a recipe for poor shareholder returns. Spoiler alert: It was.
This past February, as there were now directors on the board acting as fiduciaries, I predicted Dorsey would be replaced by the end of the year. READ MORE
Jack Dorsey made waves Monday when news of his resignation from Twitter broke.
In a letter to Twitter employees that he also posted online, Dorsey noted there are a lot of conversations around the importance of companies being “founder-led.” He called that notion “severely limiting and a single point of failure.” READ MORE
It seems like just yesterday that exchanges like Coinbase opened the eyes of the traditional economy to the benefits that cryptocurrencies offer as an asset class.
Cryptocurrencies and other decentralized technologies have created applications that promise to create real social value by offering an automated way to establish trust, but at a much lower cost than traditional intermediaries (banks and governments) that have monopolized trust as a service. READ MORE
Will Microsoft stop at nothing to get people to switch to Edge? Will it stoop to everything? Yes, and yes, it seems. READ MORE
A majority of U.S. businesses are hiking prices at a rapid clip as they seek to offset the pain of soaring inflation and a lack of available workers, according to a survey of American CFOs published on Thursday.
The CFO Survey, a collaboration of Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta, shows that finance chiefs are increasingly worried about labor availability, inflationary pressures and supply chain disruptions. READ MORE
Businesses are on a hiring spree during the Great Resignation of 2021, with many throwing out signing bonuses, lowering their standard qualifications, tapping boomerang employees and taking a harder look at their “enthusiastic stayers.”
As retention efforts heat up, you’ll probably hear more about the “stay interview.” READ MORE
The year is 2041, and Starbucks has real competition. Black Rifle Coffee Company, the java brand favored by conservatives, has opened thousands of locations around the country.
Starbucks, whose longtime chief executive Howard Schultz pioneered a new wave of liberal corporate activism in the early part of the century, still dominates the coffee scene in college towns and blue-state urban centers. But Black Rifle Coffee, now publicly traded with a $250 billion valuation, is flourishing in suburbs across the country and in cities large and small across the Deep South and Mountain West. READ MORE
Today we stand at the precipice of not one but three converging and potentially catastrophic long-term trends: climate change, globalization, and growing inequality. On their own, each of these makes the occasional crisis worse: We might see a more destructive hurricane, a more widespread financial meltdown, or longer or more violent civil unrest. Together, though, these trends magnify challenges. The Covid-19 pandemic, for example, was not just a health crisis but an economic and political one as well. READ MORE