When EY was trying to get its employees to return to the office earlier this year after years of remote working, it, like many other employers, didn’t quite know where to turn. While a survey of its workers found that many wanted to be in the office part-time—say, a couple of times a week—the company wasn’t seeing that desire reflected in the number of workers actually showing up in the office. READ MORE
What Employers Should Have Learned From The Great Resignation
There is no denying that the world has shifted during the height of the pandemic. In the years 2020 to 2021, there has been a historic record of employee turnover, and this incident occurred globally. During this period of uncertainty, it has coaxed individual workers to re-evaluate their employment obligations and priorities. READ MORE
Massive jobs surprise: US economy added 528,000 jobs in July
The US economy added 528,000 jobs in July, according to data released Friday by the Bureau of Labor Statistics, far surpassing economists' expectations. READ MORE
Hybrid work is looking like a silver bullet
The man who predicted the working from home revolution long before the pandemic has a recommendation for employers looking to keep their workers around and happy—let them spend some time at home. READ MORE
At Software Startups, Remote Hiring Rules. For Other Sectors, Not So Much
If you want a job at one of the hottest American startups, there’s a decent chance it’ll be an on-site gig.
However, if it’s a software company whose output is fully digital, the likelihood of remote work goes way up. READ MORE
Most employers still require college degrees, but for how much longer?
College degrees still matter to employers. And while that might be a great sign for higher education, it might not be the best measure to solve the jobs crisis in America.
The new Employability Report released by Cengage Group shows that 62% of all employers surveyed still believe a degree is a must-have for their candidates, despite the fact that less than 40% of all adults in the U.S. have a bachelor’s degree and many have the skills to do the required work via other credentials. READ MORE
Employers are giving workers the WFH days they want
More than two years after the start of the covid-19 pandemic, US workers are closer than ever to getting the remote-work arrangements they want.
In late 2020, the gap between how many work-from-home days workers wanted and how many remote days hybrid employers were planning was 1.38 days, according to a monthly online survey from WFH Research, a project that has been tracking workplace attitudes and worker arrangements each month since May 2020. By June 2022, that gap had narrowed to 0.44 days. READ MORE
Are You Too Responsible?
Taking responsibility is an essential element of strong leadership. As we are often reminded, “The buck stops here” and “Leadership is taking responsibility while others are making excuses.” READ MORE
Where to live if your company is sticking to remote work
The way we work has shifted significantly, and there are some terrific new options for how we work, when we work, and even where we work. Digital nomads are embracing these new options. They are landing jobs which are all-remote or remote-friendly and taking their work on the road—choosing to work wherever they please—because they can. READ MORE
How Fair Is Your Workplace?
Under pressure from activist investors, the public, and their own employees, many companies are expanding their commitments to corporate social responsibility with an emphasis on equity and justice for disadvantaged communities. Nearly nine in 10 of Fortune 100 companies list equity as one of their corporate values, according to our analysis of value statements of Fortune 100 companies. Mentions of diversity, equity, and inclusion (DEI) on S&P 500 earnings calls have increased 658% just since 2018, according to our analysis of earnings calls transcripts for S&P Global 500 for 1Q18 and 1Q21. READ MORE
Why Are Tech Companies Being Hit So Hard By The Downturn?
The last couple months have been rough for both public and private tech companies.
More than 28,000 employees of U.S.-based tech companies have been laid off so far this year, with layoffs accelerating in June, the end of the second quarter. And while late-stage startups have been hit the hardest by layoffs, according to a Crunchbase News analysis, it seems like public tech companies are starting to ramp up layoffs as well. READ MORE
The US Is Slowly Transitioning From The Great Resignation To The Great Return
The Great Resignation describes how employees have been taking ownership of their careers and aspirations by reassessing their company’s culture and mission. This has led to many people leaving well-paying, secure jobs to pursue more social ventures that are better aligned with their personal values. READ MORE
Here's what the supply chain will look like for the rest of the summer
When you’re on vacation in Hawaii, a little uncertainty doesn’t kink things up too much. When you’re still trying to navigate a pandemic, though, sufficient predictability translates to survival.
That’s true right now for both customers and business owners alike, with both groups looking at the supply chain and wondering what will be affordable and available. READ MORE
Inflation rises to 11.3% in producer index for June, near highest on record
Inflation as measured by producer wholesale prices ticked up to a red-hot 11.3% for the year ending in June, according to a report Thursday from the Bureau of Labor Statistics, near the highest on record.
Thursday’s report comes a day after headline inflation as measured by the consumer price index exploded to 9.1% for the 12 months ending in June, the highest level since 1981 and a bigger increase than expected. READ MORE
Remote v. in-person employee performance
Nearly half of remote workers say their teams’ performance has improved over the past two years, according to new research from Eagle Hill Consulting. Comparatively, only 34% of in-person workers can say the same. Additionally, the data finds that over the past two years, 50% of remote workers say their personal performance has gotten better, along with 49% of hybrid workers. Forty-five percent of in-person workers said the same. READ MORE
U.S. SEC votes to undo Trump-era curbs on shareholder advisers
The U.S. securities regulator voted on Wednesday to rescind rules introduced under former President Donald Trump that critics said impeded the independence of firms that advise investors on how to vote in corporate elections.
The move is the latest installment in a long-running battle over how to regulate proxy advisers like Institutional Shareholder Services and Glass Lewis, which advise investors how to cast their ballot on issues including the election of directors, merger transactions and shareholder proposals. READ MORE
Google is controlling user data for its political agenda
To live in America in 2022 is to live twice: once in our daily, analog lives, and again in the digital ether, where our lives leave detailed trails. Every now and again, we are reminded of just how much of our second selves exist outside of our control. READ MORE
The future of cars is a subscription nightmare
As cars get more expensive to make and profit margins dwindle, automakers are coming up with new and loathsome ways to squeeze more money out of their customers. Subscription-based access to vehicle features, like heated seats or remote-start key fobs, are the latest attempt to charge people for things their car already came with. The question is whether customers are going to lay down and take it. READ MORE
Twitter Lawyers Say They Can Prevail Over Musk in Just Four Days
Twitter Inc. wants a lightning-quick trial to resolve its claim that billionaire Elon Musk wrongfully canceled his proposed $44 billion buyout of the social-media platform. READ MORE
Inflation surges 9.1% in June, accelerating more than expected to new 40-year high
Inflation accelerated more than expected to a new four-decade high in June as the price of everyday necessities remains painfully high, exacerbating a financial strain for millions of Americans and worsening a political crisis for President Biden. READ MORE