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Two CEOs who have operated their businesses in Chicago for years have raised concerns about a growing number of employers leaving the Windy City over high taxes and crime – and cautioned the exodus will continue.
"I didn't say I would. I didn't threaten I would. I just said if they pass ill-conceived proposals," CME Group Chairman and CEO Terry Duffy said of leaving the city on "Mornings with Maria" Tuesday. READ MORE
Performance management has room to improve. According to Gartner research, 52% of chief human resource officers (CHROs) believe they are not rewarding the right behavior in employees, and only 32% of HR business partners believe performance management delivers what employees need to perform.
Because of this, in the last five years, 74% of organizations have significantly changed their performance management processes. “Companies are implementing a variety of new practices, from linking pay to project performance to eliminating performance reviews entirely,” says Benjamin Loring, Research Director at Gartner. “The real unlock, however, is making performance management useful to both managers and employees with this six-part roadmap.” READ MORE
The first rule of performance reviews is that employees should never be surprised by what is said. Assuming that managers are speaking with their reports in real time throughout the year, providing transparent communication and soliciting feedback, the information discussed during a review should be a summary of past conversations.
But that doesn't always happen. Sometimes, a manager will need to introduce information that may be new to the employee, especially if the manager has been accepting performance flaws in the past but is now ready to address shortcomings. How the manager introduces and, more importantly, explains new negative feedback is critical to gaining employee buy-in and understanding, even if the employee is caught off guard. READ MORE
From identifying potential customers, to finding quality leads and maintaining a healthy pipeline, sales prospecting is vital to the success of your business. When done right, it can help you close more deals and increase revenue.
That’s not to say it’s without its challenges, however. Successful prospecting requires time management skills, a proactive mindset and the ability to communicate effectively. In this article, we’ll dive deep into eight of the top challenges of prospecting that salespeople face and discuss strategies you can use to overcome them. READ MORE
Ever since the pandemic, American companies big and small have been scrambling to find enough workers to stay fully staffed. They've been forced to offer big salaries and generous perks, while employees were free to shop around for better offers or simply walk off the job to join the Great Resignation. But now, layoffs are up and job openings are down. The economy is slowing, and the Federal Reserve is hiking interest rates at the fastest pace in decades. By any objective measure, the balance of power in the job market should be tipping back to employers. READ MORE
As the work-arrangement tug-of-war between employers and workers continues, much of the coverage has focused on employees’ desire for remote- and hybrid-work options. Perhaps surprisingly, however, a recent survey from iHire found that while close, workers’ preference for in-person work (36.3%) edged out remote (32.2%) and hybrid (31.5%) options. READ MORE
The number of Americans filing new claims for unemployment benefits fell more than expected last week, with applications in Massachusetts decreasing sharply, suggesting the labor market remains tight.
The steep decline in weekly jobless claims reported by the Labor Department on Thursday reversed the surge in the prior week, which had boosted them to the highest level since Oct. 30, 2021. That increase was largely blamed on an unusual jump in applications for unemployment insurance in Massachusetts. READ MORE
Would you get a mullet to work from home? I wouldn’t. But I would doth speak in Shakespearean prose to work from mine estate with mine felines (as long as I didn’t have to worry about proper usage).
As an outlet covering human resources and workforce issues, our team’s inboxes fill with news about the return to work, employees’ feelings about it and how those decisions affect engagement and productivity. But one email a few weeks ago was a party in the front and business in the back — and worth sharing. READ MORE
Artificial intelligence could replace 80 percent of human jobs in the coming years -- but that's a good thing, says US-Brazilian researcher Ben Goertzel, a leading AI guru.
Mathematician, cognitive scientist and famed robot-creator Goertzel, 56, is founder and chief executive of SingularityNET, a research group he launched to create "Artificial General Intelligence," or AGI -- artificial intelligence with human cognitive abilities. READ MORE
All signs were pointing to a cooling labor market. Instead, the latest jobs report showed the unemployment rate fell to 3.4% in April after 253,000 jobs were added last month.
But hiring isn’t strong across the board, and is concentrated in a handful of industries. READ MORE
Picture this: You’re the CEO of a midsize company, and you just returned from an expensive, multi-day strategy retreat with your entire management team. You spent hours discussing the ins and outs of your strategy, and it left you and your employees feeling more aligned than ever. But are you actually on the same page?
Our new study suggests that you might not be — and that this sort of strategic misalignment is both more common and more harmful than you might think. READ MORE
After three months of sweeping layoffs, is the tech industry’s blaze of job cuts finally cooling?
Between January and March, largely U.S.-based tech companies managed to lay off more people than they did in the entirety of last year. There was a reprieve in April, as only around 6,330 employees were cut from the tech sector. READ MORE
It wasn't the conversation the Amazon Web Services employee was expecting to have with her new manager.
The employee, a tech-industry veteran, had been at the cloud company for more than a year. She'd received consistently positive feedback from her prior boss, who'd told her she was on track for a promotion. READ MORE
When Carrie Kissell learned that her employer, Airbnb, was letting people live and work anywhere, she was on a sailboat off the coast of Key Biscayne, enjoying some time off with her partner.
The thought came to her: Why not just stay on the boat?
"It was this opportunity I couldn't not take," says Kissell, an internal events planner formerly based in San Francisco. READ MORE
Artificial intelligence (AI) has advanced at a rapid pace recently and several of the biggest names in the tech sector have launched new tools to help customers and client leverage the technology in a variety of ways.
AI-powered chatbots, cloud services and tools for web developers are among the tools that are quickly becoming staple offerings of tech companies. Major U.S. tech firms – including Amazon, Google, Meta and Microsoft – have each rolled out AI initiatives or have some in the works, although Apple has been notably quiet in announcing any big AI moves to date. READ MORE
Ohio Sen. Sherrod Brown, a Democrat seeking re-election in a state that has trended red in recent elections, urged young residents in the Buckeye State to take up trade jobs and insisted they "don't need a college degree" after previously signaling support for loan debt forgiveness.
"I make a plea to every young Ohioan I meet — consider a career in the building trades. Apprenticeship programs, good pay & benefits, and you don’t need a college degree," Brown wrote in a Saturday tweet, which was accompanied by a video message from the senator. READ MORE
The buzzy new social media app of the moment looks so much like Twitter it’s almost hard to distinguish the two. The profiles, timelines and colors are nearly identical. Even the creator is the same.
But under the hood, Bluesky, developed by Twitter co-founder and former CEO Jack Dorsey, is vastly different.
The app, which launched in a closed beta on iOS in February and on Android this month, runs on a decentralized network which provides users with more control over how the service is run, data is stored, and content is moderated. READ MORE
Two brothers who drive for Uber recently conducted an experiment. They opened their Uber apps while sitting in the same room, and tested which brother could earn more money to do the same work.
In a video published on The Rideshare Guy YouTube channel, the brothers recorded themselves looking for rides on the app. They found that Uber showed them nearly identical jobs, but offered to pay one of them a little better. The siblings could only guess why. Had Uber's algorithm somehow calculated their worth differently? READ MORE
There are two types of people in the world: Those who spring up when their morning alarm goes off ready to pounce on the day ahead, and those who begrudgingly get out of bed and only start to feel alive as the sun sets. READ MORE
Just like parents, bosses have their (not so) secret favorites. And when it comes to being managers’ pet, the most junior employees in the office are not often selected. Nearly three-fourths of managers find Gen Z to be the most difficult to work with, according to a Resume Builder survey of 1,300-plus managers and business leaders. READ MORE
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