With nearly two job openings available for every job seeker, the shortage of workers in the United States has many employers over a barrel in the fight to acquire and retain talent. But for candidates who are typically overlooked by hiring managers, the labor shortage offers an opportunity. READ MORE
Taking Stock Of Stock As Part Of Your IPO Planning
Going public can be one of the most important and complex endeavors for businesses, making it essential to use all the time available – including extra time, should current market conditions impact your timeline – to prepare for each step of the process. One major component of complexity is the preparations your organization must make for newly issued shares resulting from an initial public offering (IPO) of stock. READ MORE
The Workplace Of Tomorrow Is Now: What Is Your Strategy?
As we approach Labor Day, and continue to emerge from the pandemic restrictions, return to work (and what that might mean in terms of the design of the work week and workplace) is on the minds of most American workers and employers. The pandemic increasingly brought to light how advancements in technologies, communication systems, cloud-based services and AI-based tools could assist business operations and impact the employment relationship. READ MORE
Never-ending 'pandemic' perks fueling labor shortage
When COVID-19 hit the U.S. more than two and a half years ago, the lockdowns that followed brought devastation to businesses and individuals alike, sparking waves of government programs aimed at providing relief to help Americans weather the pandemic.
But some experts say the generous perks doled out by the federal government to help resulted in the labor shortages crushing businesses to this day and that the seemingly never-ending benefits are only making the problem worse. READ MORE
Musk says 'civilization will crumble' unless we continue using oil and gas in the short term
Electric vehicle pioneer Elon Musk called for more drilling and exploration of fossil fuel resources in the immediate future on Monday, warning that humanity could be in trouble if the transition to lower-carbon energy sources is rushed.
"Realistically, I think we need to use oil and gas in the short term, because otherwise civilization will crumble," the Tesla CEO told reporters at a conference Stavanger, Norway. READ MORE
Can employee monitoring tools detect if workers are ‘quiet quitting?’
If posts on social media platforms like TikTok, Twitter and Instagram are to be believed, HR leaders are facing a new challenge: dissatisfied or burned-out employees who are “quietly quitting” or “quitting in place.” And like most other challenges facing today’s HR leaders, experts say the quiet quitting trend requires an HR response that includes both technology and empathy. READ MORE
How Much Value Does a Job Title Have?
As companies look to attract employees, some are inflating job titles to appeal to potential candidates. A recent analysis conducted by LinkUp, a global job-market data and analytics firm, found that before the pandemic, 3.9% of job listings had “senior” in the title; this spring, that number grew to 6.2%, Bloomberg reported. However, the actual job responsibilities may not match up with the advanced titles, which can end up crushing the egos of new hires, the news site explained. READ MORE
Employees Want Their Leaders To Fight For Equality: How Do You Measure Up?
Black Lives Matter protests and the #MeToo movement changed how Americans think and talk about racial and gender inequality. READ MORE
Freelance, side hustles, and gigs: Many more Americans have become independent workers
In the working world, a full-time job with one employer has been considered the norm for decades, but this model fails to describe how a significant share of the US workforce makes a living. In the latest iteration of McKinsey’s American Opportunity Survey (AOS), a remarkable 36 percent of employed respondents—equivalent to 58 million Americans when extrapolated from the representative sample—identify as independent workers. This figure represents a notable increase since we estimated the US independent workforce in 2016 at 27 percent of the employed population. READ MORE
5 Reasons Startups Fail (and Why Each One Is Preventable)
Any entrepreneur knows that, in your early days, no one will hesitate to tell you that most new businesses fail. It's annoying, but they're right. However, what's usually missing in the message is the why. Instead, there's a sense of inevitability. Starting a business is hard, so of course, most of them fail, right?
But in my experience, there are specific reasons startups most often fail. Recognizing them and preparing for them dramatically shifts the odds in your favor. I've built my business around partnering with healthcare entrepreneurs to avoid these pitfalls — so far with a record of 6-0, with three new ideas coming to life. Here's what to watch out for: READ MORE
US Corporate Profits Soar With Margins at Widest Since 1950
A measure of US profit margins has reached its widest since 1950, suggesting that the prices charged by businesses are outpacing their increased costs for production and labor. READ MORE
The Importance Of Performance Management
The core of a company’s purpose is to make revenues and bring in profits. Revenues are made by the human capital that works in the company. Employees bring customers, and clients stay loyal because of your employees. READ MORE
US economy headed for recession by mid-2023, majority of economists say
The overwhelming majority of economists expects the economy to tumble into a recession next year as a result of the Federal Reserve's war on inflation, according to a new survey. READ MORE
CEO rips Twitter’s ‘egregious’ actions
As more red flags are raised about Twitter’s security and content censorship policies, the CEO of video-sharing platform Rumble is sounding the alarm on the "massive implications" Twitter has created in the social media space. READ MORE
More proposals, less support: What to make of the 2022 proxy season
As GreenFin contributing editor Emily Chasan covered earlier this year, 2022 was the busiest proxy season ever. With the record-setting season in the rear view, what did the busy-ness deliver for ESG?
First, some context. Stewardship and engagement are the primary tools the investment industry wields as its means to guide managed assets to net zero. The "why" for engagement is that it delivers on fiduciary duty by both preserving and enhancing the value of assets that an investor is overseeing on behalf of beneficiaries. READ MORE
Meet America’s Best Employers By State 2022
Ask employees at NASA in Florida what they love most about their employer and the most frequent answer is the pride that they take in working for America’s space agency. The same is true at Oklahoma Heart Hospital, and at Costco Wholesale in Nevada. Employees at the California Institute of Technology rank their employer highest for the salary and benefits they receive. Those working at the University of Minnesota, in contrast, most appreciate how the university embraces diversity. Oceaneering International of Texas, which mainly services offshore oil-and-gas clients, earned top scores for working conditions while employees at Google in Virginia gave their employer top scores across the board. READ MORE
Ex-Twitter exec blows the whistle, alleging reckless and negligent cybersecurity policies
Twitter has major security problems that pose a threat to its own users' personal information, to company shareholders, to national security, and to democracy, according to an explosive whistleblower disclosure obtained exclusively by CNN and The Washington Post. READ MORE
Quiet quitting is the latest workplace trend, but it doesn't mean what you think
Years of long hours, understaffed companies and burned-out employees have all led to the latest TikTok trend: quiet quitting.
The catchphrase quiet quitting is misleading, however, making some people think it means workers doing the bare minimum at their jobs. READ MORE
Why transparency can be the key to getting DEI reporting right
The acronyms DEI, CSR and ESG have grown in popularity in the last several years, and for good reason. Given today’s social and legal landscape, it’s more important than ever for organizations to document and share their diversity, equity and inclusion (DEI) progress in support of corporate social responsibility (CSR) and environmental, social and governance (ESG) reporting. READ MORE
Are you offering the benefits employees most want? Probably not, data finds
As the last two-plus years have proven, employer support—in the form of employee benefits, flexibility and regular communication—is vital in helping organizations address challenges, keep employees happy and boost retention.
But a new report finds that there’s a sizable gap in what support employees want from their employer and what organizations are actually offering—data that indicates employers may want to reevaluate what they offer and prioritize, especially in a tight labor market. READ MORE