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The U.S. Federal Trade Commission’s (FTC) January rule proposal to ban employers from adding noncompetes to their employment contracts is now facing stiff and steady resistance from employer advocacy groups.
The FTC received nearly 27,000 comments on the draft rule proposed, and Bloomberg Law reportedOpen in a new tab that the agency is expected to vote in April 2024 on the final version of the rule. READ MORE
Apple announced its mixed-reality headset, the Vision Pro, on Monday during its WWDC developer conference. The $3,499 headset is its first major new product since the Apple Watch in 2014.
The Vision Pro will allow users to see apps in a new way, in the spaces around them. Users can use their eyes and hands to navigate through apps and search with their voices. The headset can be used to watch movies, including in 3-D, with spatial audio, view their own pictures or videos, and play video games. It can also be used for work with video conferencing apps, Microsoft READ MORE
Elon Musk recently said Twitter’s advertising business was on the upswing. “Almost all advertisers have come back,” he asserted, adding that the social media company could soon become profitable.
But Twitter’s U.S. advertising revenue for the five weeks from April 1 to the first week of May was $88 million, down 59 percent from a year earlier, according to an internal presentation obtained by The New York Times. The company has regularly fallen short of its U.S. weekly sales projections, sometimes by as much as 30 percent, the document said. READ MORE
Target's stock value is taking a hit, leaving shareholders in the lurch as controversy continues to swirl over its Pride merchandising plans, as first reported by Fox News Digital.
Shares slipped another 1.6% on Thursday and have dropped more than 12.6% since the furor erupted a week ago Wednesday, as tracked by Dow Jones Market Data Group. That amounts to $9.3 billion in market value. READ MORE
Scientists have invented a device that can continuously generate electricity from thin air, offering a glimpse of a possible sustainable energy source that can be made of almost any material and runs on the ambient humidity that surrounds all of us, reports a new study. READ MORE
Twitter CEO Elon Musk discussed the significant cuts at Twitter saying that "there were a lot of people that didn't seem to have a lot of value" at the social media company before he took over sharing that he believes that other Silicon Valley companies can do the same.
"There were a lot of people that didn't seem to have a lot of value," Musk said at the Wall Street Journal’s CEO Council Summit in London, England, speaking virtually. "I think that's true at many Silicon Valley companies." READ MORE
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