Of all the bargaining goals set out by the United Auto Workers union in the just completed talks, none was more ambitious, or gained less traction in negotiations, than the idea of a four-day, 32-hour work week.
Without a cut in pay, too. READ MORE
Empty office buildings may meet the same fate as zombie shopping malls
It’s been about four years since the Covid-19 pandemic first upended society. Cities and towns have mostly sprung back to life, one aspect of daily life is unmistakable: The once-ubiquitous reality of working in an office for eight hours a day, five days a week is dead.
As many companies embrace remote and hybrid work, demand for office space has weakened and property values have fallen. READ MORE
Elon Musk says 'DEI must DIE
Elon Musk is apparently not a fan of diversity, equity and inclusion (DEI) programs, arguing that such initiatives are destructive and need to be ended.
The tech billionaire took to his social media platform, X, on Friday to declare that "DEI must DIE," saying, "The point was to end discrimination, not replace it with different discrimination." READ MORE
Performance Management Has A Bias Issue – Here's How To Make It Fairer
“How is giving back a high-five considered unprofessional? The senior director initiated the high-five!” My mind was reeling as I pored over my formal written performance review. I had consistently worked around 60 hours a week and gave my all in the role – and this is what my manager entered as a growth area? READ MORE
6 tips to navigate an employee performance review
Organizations typically conduct performance reviews at least once a year, and rare is the individual who truly enjoys performance reviews. Most managers find it unpleasant to deliver negative feedback, and it's difficult for employees to receive it. If there is no criticism and only good things to say, performance reviews can seem like a waste of time. READ MORE
The Great Divide: The Gap Between Financial and Operating Performance
A budget goal to increase operating profit by 10% might seem reasonable. That is until it’s time to make it happen.
While it’s always a worthy objective to work toward financial improvement, difficulties often arise from an operational perspective. Whether it’s increasing sales or reducing costs, improving financial outcomes requires doing things differently, but managers aren’t always aware of or prepared for what that practically means. READ MORE
2023 was an ‘extinction’ level year for tech startups. Where did all the money go?
Startups are not having a good 2023. And the investors who handed out billions of dollars to fund them aren’t very happy about it.
During more flush years, venture capitalists, angel investors and billionaire evangelists poured their cash into tech startups – the easy money pipe was seemingly open to any Tom, Dick or Harry who had an idea and was willing to attach a buzzy phrase like ‘blockchain’ or ‘AI’ to it. Valuations soared and unicorn companies, those startups said to be worth $1 billion or more, proliferated. READ MORE
How 'reading a room' at work can give you a career edge
The most effective way to "read a room" — no matter what the venue is — is paying close attention to others by taking notice of what they're saying and doing.
You should also take notice of people's body language, mannerisms, behaviors and personality traits.
Reading a room is a critical career and workplace skill, according to experts. READ MORE
GM requiring salaried workers return to office starting in January
General Motors promises to provide tens of thousands of salaried employees with "more clarity" on the company's three-day-a-week return to office policy next month.
"Hybrid employees need to be in the office Tuesday through Thursday in order to meet critical business needs and retain company culture," a GM spokesperson said in an email to FOX Business on Wednesday. READ MORE
Companies are cutting worker benefits to offset the sting of high inflation
Companies looking to cut costs to offset the pain of high inflation are quietly paring back the non-cash benefits they offer to employees – and the problem may soon get worse.
That is according to a new analysis by Glassdoor, which found that a growing number of employees lost access to 401(k) retirement plans, dental insurance, vision insurance, tuition assistance and other benefits this year. READ MORE
The US economy grew by 5.2% in the third quarter, even faster than previously estimated
US economic growth was even stronger in the third quarter than previously estimated, underscoring the economy’s remarkable resilience in the face of elevated inflation and high borrowing costs earlier this year.
Gross domestic product, the broadest measure of economic output, rose at an annualized rate of 5.2% from July through September, according to the Commerce Department’s second estimate, released Wednesday morning. GDP is adjusted for inflation and seasonal swings. READ MORE
Use of AI could create a four-day week for almost one-third of workers
Artificial intelligence could enable millions of workers to move to a four-day week by 2033, according to a new study focusing on British and American workforces.
The report from the thinktank Autonomy found that projected productivity gains from the introduction of AI could reduce the working week from 40 to 32 hours for 28% of the workforce – 8.8 million people in Britain and 35 million in the US – while maintaining pay and performance. READ MORE
Feds abandon first-ever criminal no-poach indictment
The U.S. Department of Justice has abandoned its first-ever criminal indictments brought as part of a wider crackdown on no-poach agreements, potentially signaling a major shift in the agency’s enforcement efforts. READ MORE
The fight over return-to-office is getting dirty
Amazon has built its $1.3 trillion empire largely by tracking and evaluating almost every aspect of a customer's life. From a new TV to a toilet-paper refill, Amazon knows what a customer wants and when they want it, and it's always ready to serve it to them. READ MORE
Military veterans who became Fortune 500 CEOs
For decades, members of the armed forces have traded in their uniforms for corporate suits. A handful of them have even climbed their way to the top of Fortune 500 companies.
Many are highly qualified for executive roles because they are trained to adapt quickly and make informed decisions in highly stressful environments, Eric Eversole, Hiring Our Heroes president and a vice president at the U.S. Chamber of Commerce, told FOX Business. READ MORE
DOJ Policy on M&A to Encourage Extra Scrutiny of Target Companies’ Compliance
A Justice Department policy shift around the disclosure of possible wrongdoing uncovered in mergers and acquisitions reinforces the need for buyers to dive deep into a target’s compliance efforts, both before and after a deal closes, corporate advisers said.
Under a new policy announced in October, an acquiring company that discloses potential wrongdoing at a company being acquired within six months of either side of the deal closing date—and fully cooperates and fixes the underlying problems within a year of closing—can presume it won’t be prosecuted by the Justice Department. READ MORE
Narrow the Gap Between Company and Employee Purpose
Why Would Workers Return to a Former Employer?
Post-Covid, there has been a lot of media attention to what is being called “the Great Resignation”—workers leaving their jobs to look for better or different employment options. This includes changing career paths, returning to school to ready oneself for a new career, and leaving steady employment to join the “gig economy.”
Surprisingly, however, a subset of workers who leave their employers have decided to return to their previous companies, in what is called “the Boomerang Effect.” What is going on? READ MORE
How Can You Be Sure Someone Has Exceptional Leadership Skills? It Comes Down to 4 Actions
Leadership is no Sunday stroll in the park. It's more like a hike up a steep, rocky mountain, often in unpredictable weather. You'll face challenges that'll test you and moments that'll have you questioning if you're cut out for it.
Whenever I deliver keynotes on leadership topics, I touch on the most critical aspect leaders need to become exceptional: You have to value your people.
If this has got you pondering whether your team feels genuinely appreciated and valued, there are some tried-and-true methods you can use to elevate your leadership game. Let me share a few practical tips to help you along the way. READ MORE
Why Are Newly Promoted Employees Quitting Their Jobs?
Promotions are commonly career milestones that are celebrated widely, posted on social media, and viewed as a mark of career achievement in one's life. But in reality, we are beginning to witness the very opposite.
A recent study has uncovered a startling truth about newly promoted managers: in a survey of 1.2 million workers in the United States, nearly one-third of employees quit their roles within the first month after their first internal promotion, according to ADP's findings. READ MORE
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