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After months of cost-cutting just to stay solvent, businesses are back to hiring. And despite there being millions of Americans still out of work, it’s been difficult to fill open positions and keep employees.
There are theories as to why this is happening, but I’m not wading into that debate. Instead, I want to offer ideas to retain the best talent over the long run. READ MORE
At least 51 senators rejected the Build Back Better bill, including Joe Manchin.
The West Virginia senator reportedly forced fellow Democrats to scrap an offshore drilling ban from the massive Build Back Better Act spending plan, a provision that experts say would have had disastrous consequences for the country. READ MORE
This year didn't go as planned for employers.
With the introduction of vaccines in late 2020, many were hoping for a return to something resembling normalcy in 2021. But instead they grappled with delayed re-openings, vaccine mandates and mask guidance, employee safety and hiring and retention struggles as the pandemic raged on. READ MORE
“What’s your salary range?” It’s a question that can cause even the most seasoned interviewee to panic. Suddenly, you’re caught off guard, hemming and hawing and wondering how to respond professionally and not shortchange yourself the compensation you know you deserve. We checked in with three hiring managers to find out exactly how to approach this dreaded query and how to answer if (and when) it comes up. READ MORE
If West Virginia Senator Joe Manchin votes against President Joe Biden’s signature economic package, as he said he would on Sunday, rich Americans will escape any tax hikes, saving the top 0.1% hundreds of billions of dollars over the next decade. READ MORE
Nearly a year ago, a bunch of day traders from the fringes of the internet figured out how to beat Wall Street at its own game. Or so they thought. READ MORE
Facebook, which was recently rebranded as "Meta," was rated the worst company of the year according to a recent survey.
The open-ended survey, which was performed on Survey Monkey via the Yahoo! Finance home page from Dec. 4 to Dec. 5, received 1,541 respondents. READ MORE
A microchip technology introduced in recent years by the Stockholm-based startup, Epicenter, is being presented as a means to store one's COVID-19 vaccine passport under the skin, according to a video from the South China Post that went viral Friday. READ MORE
The story was 5,500 words of pure rapture about a Silicon Valley company few had ever heard of and its intriguing chief executive. Theranos, declared Fortune magazine in 2014, appeared to be on the verge of revolutionizing the health care industry with a wondrous new technology for diagnosing diseases with just a few drops of blood. READ MORE
After revelations that every single anchor and producer who works at CNN is a creepy pervert, the HR department of the Cable News Network is considering adding a section to all employment applications which would require applicants to disclose whether or not they are a creepy perv. READ MORE
US labor market productivity tanked in the third quarter. Paychecks grew and the number of hours worked jumped, but workers' output increased only at a moderate pace.
Revisions to the data that were initially published a month ago show that the productivity drop was even worse than feared, falling 5.2% on a seasonally adjusted basis. That's the steepest decline in the quarterly rate since the second quarter of 1960 when productivity fell 6.1%. READ MORE
The “Great Resignation” remains one of the buzziest economic stories of 2021. But the more people talk about it, the more I wonder whether most people know what they’re talking about. As so often happens with other nifty phrases and neologisms, use of the term and abuse of the term are in equal proportion. READ MORE
After nearly two full years of Covid-driven chaos, JPMorgan Chase is predicting 2022 will usher in a return to normalcy and a full healing of the economic wounds caused by the health crisis. READ MORE
U.S. employers will likely face a "long period of tight labor markets," according to a new report by Glassdoor.
The struggle to hire and retain workers will continue in 2022 as the pandemic drags on, according to Glassdoor's "Workplace Trends for 2022" report, READ MORE
Nearly four out of 10 workers in the U.S. are looking to make a job switch in the coming year, according to a new survey from Fidelity Investments, signaling that the Great Resignation might be far from over.
Fidelity's annual Financial Resolutions Study released Thursday found that 39% of employed respondents across all age categories are planning to get a new gig in 2022. READ MORE
How you let employees go matters for your company's reputation.
Consider Better.com's CEO, who just fired roughly 900 employees in a very brief Zoom call and quickly faced backlash.
No one will ever react positively to hearing they are terminated -- whether it's due to balance sheet problems or their own performance. So it's incumbent on the person delivering the bad news to be as thoughtful as possible in how they conduct themselves and how they treat the people being let go. READ MORE
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