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David Solomon on Tuesday discussed the probability of the U.S. economy experiencing a soft landing.
"What I’d say is, while it’s still very, very uncertain, the consensus has shifted to be a little bit more dovish in the CEO community that we can navigate through this in the United States with a softer economic landing than what people would have expected six months ago," the Goldman Sachs CEO said at the Credit Suisse Financial Services Forum. READ MORE
Few executives expect to interact with the Department of Justice (DOJ) during their careers, but the current DOJ has given companies some homework, and the assignment applies to everyone. Recent changes to the DOJ’s corporate enforcement policy are designed to encourage companies to self-monitor for illegal activity and to self-report misconduct to authorities. Given the implications of the changes, even smaller companies and those in lightly regulated industries should be paying attention. READ MORE
For some tech workers, everything is negotiable, including the severance package that comes with a layoff.
As tech companies shed tens of thousands of jobs, staffers at different levels are pushing back on the terms of their departures. Some employees are hiring lawyers or other advisers to press for more money or an extension of their health benefits before agreeing to deals—adopting the type of tactics traditionally used by senior executives haggling over their severance terms. READ MORE
When we’re young, we often grow up dreaming of who we want to be. As we get older, those dreams start to shift – reality sets in and our paths often turn out much different than what we imagined as a child. A variety of factors can influence our career, such as access to opportunity, changing interests and skill sets, or other life events like starting a family. Usually people who find meaning in their work tend to be happier, as their passion and drive for what they do keeps them motivated. The happiest jobs for each person will vary according to their individual strengths and unique personality. READ MORE
Did you know that Americans are about half as likely to be taking vacation in any given week as they were 40 years ago? Neither did we! When we spotted this alarming trend in an obscure government time series, our eyebrows shot up so far our ears popped.
Where have our vacations gone? READ MORE
In an uncertain economy, driving revenue simultaneously becomes mission critical and increasingly difficult to accomplish. In 2023, every business — regardless of its size or industry — is worried about hitting its number.
When the purse strings tighten, efficiency becomes a top priority. I talked about this in my last piece, “Driving Sales Efficiency When Facing a Downturn.” For starters, that means getting your tech stack right and tight. Consolidation is the name of the game here. Get rid of those single-point tools that don’t work well together and instead opt for more comprehensive solutions that integrate data and processes across the revenue lifecycle. READ MORE
While some employees are practicing "quiet quitting," some companies are focused on "quiet hiring."
Quiet quitting has been a workplace trend in which employees do the bare minimum at work as a result of job burnout. READ MORE
Billionaire Mark Cuban is telling people to be careful when using artificial intelligence (AI) tools like ChatGPT and DaVinci, cautioning that there are very few guardrails in place to help determine fact from fiction.
Cuban joined "The Problem with Jon Stewart," an Apple TV+ podcast, warning that technology’s next "big battle" won’t be over who’s running operations at Twitter. READ MORE
Google offered a glimpse of its new artificial intelligence chatbot search tool on Wednesday at a European presentation that sought to underscore its prowess in both search engine and AI tech, a day after its archrival Microsoft unveiled its own search chatbot aimed at eroding Google’s dominance. READ MORE
Silicon Valley may be known as the technology Mecca, but layoffs in the industry by major California-based firms in recent months mean it has been dethroned as the best place to look for a job in the sector.
Citing an analysis by data firm Vertis AI Inc., the Wall Street Journal reported Tuesday that two East Coast metros have eclipsed Silicon Valley as the hottest tech job markets in the U.S. READ MORE
Three years ago, the once-distant future of work landed in our laps when a global pandemic changed everything.
The roles of HR leaders became more complex, as organizations placed more emphasis on employee safety and wellbeing, communications and DE&I, among other areas. And in the transformations that followed, the CHRO has become a more strategic role; in a recent Accenture survey of 570 CEOs, 89% said CHROs should have a central role in ensuring long-term, profitable growth. Also in that survey, finding and developing talent was tied for the top business priority CEOs identified, and almost four in 10 CEOs said that finding and developing talent was their top focus for driving growth over the next three years. READ MORE
There has been a lot written about the emergence of ChatGPT and the impact it will have on everything from college term papers to journalism to HR. It’s a fascinating topic that simultaneously fills me with both amazement at the technology and a sense of dread about what it means to the human condition. READ MORE
The healthcare and manufacturing sectors — manufacturing makes up around 14% of the overall middle market — reported the greatest need for people, and in terms of how they plan to attain employment growth in the new year, collaboration within their local economies is one way to go about it, said Farren. READ MORE
The concept of smartphones and electric cars seemed like a pipe dream 20 years ago, but today, nearly 6.92 billion people, or 86.4% of the global population, have personal smartphones. Governments worldwide are moving toward a green future by encouraging the use of electric cars instead of vehicles with combustible engines.
Investing in burgeoning technologies could increase your wealth within the next two decades. Take look at some of the most promising technologies poised to catch on. READ MORE
Turns out, the bonds formed during that Zoom trivia night didn’t quite stick; workers haven’t been this unengaged in a decade.
To use the much-maligned term, everyone is quiet quitting. Yes, even fully remote workers, who saw an increase of four percentage points in quiet quitting, per recent data from Gallup. It might lend some credence to the pro-office brigade, which counts Elon Musk, Jamie Dimon, and David Solomon among its staunchest proponents. READ MORE
Companies are increasingly dropping four-year college degree requirements for their jobs and putting more emphasis on experience. And that is not just entry-level jobs.
A third of those who dropped degree requirements did so for senior-level roles, a recent survey found. READ MORE
One of the biggest challenges managing in a hybrid work environment is finding ways to accurately assess performance. With some employees working most of the time at the office and others working most of their time remotely, it’s essential that evaluations are not unduly influenced by the amount of time a manager sees his or her employee face-to-face. READ MORE
High inflation, rising interest rates, rampant regulations and ongoing supply chain problems are forcing small companies to make sacrifices just to survive, several small business owners in West Virginia told House lawmakers on Monday.
Members of the House Ways and Means Committee traveled to Petersburg, West Virginia, on Monday to hear directly from small business owners there about the difficult reality they face thanks to rising costs and the ever-present threat of more federal regulations. READ MORE
Elon Musk is tired, his back hurts and his mom wants him to get some sleep.
“I had trouble sleeping last night, so unfortunately, I’m not at my best,” the billionaire entrepreneur recently told a lawyer during a trial in San Francisco. Later, Mr. Musk added: “I’m sorry for squirming around. I have quite severe back pain.” READ MORE
Over the last three years, managers have taken on incredible loads: from the emotional strains of the pandemic to the challenges of social unrest to the fear and difficulties of returning to the office. And now, here they are, watching their colleagues and employees get laid off, knowing they will have to pick up the pieces of what is left behind.
Is it any wonder that managers are less engaged and effective READ MORE
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