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General Motors is conducting damage control around its return-to-office plans after a Friday afternoon message to employees spurred backlash and confusion.
The company’s senior leadership team on Friday said corporate workers would be required to return to physical locations at least three days a week, beginning later this year, in what the company called an evolution of its current remote work policies. READ MORE
Consumer confidence rose for a second straight month in September, as moderating gas prices and the hope that inflationary pressures might be easing helped lift the nation’s collective mood.
The Conference Board reported on Tuesday that its baseline index rose to 108 from a revised 103.6 in August, the highest it has been since April. READ MORE
The Federal Reserve is escalating its fight against inflation with a series of supersized interest rate hikes that threaten to do some serious damage to the U.S. economy and the labor market.
At their two-day meeting last week, central bank policymakers approved the third straight 75 basis point rate hike and released quarterly economic forecasts that show they expect unemployment to climb significantly higher in coming months. READ MORE
Forbes has released the 50 richest sports owners in the country, who make up more than 10% of the Forbes 400 wealthiest Americans.
The Forbes 400 last year had 43 team owners in their list. While there are 17 NFL owners, there are 14 NBA owners, 12 NHL owners and nine MLB owners. READ MORE
Wharton business school professor Jeremy Siegel warned Tuesday the Federal Reserve's hawkish stance on combating inflation is sending the U.S. economy towards a "deep recession." On "Cavuto: Coast to Coast," Siegel unpacked the Fed's recent rate hike and argued an "excess of monetary growth" over the past two years created the "inexcusable" problem. READ MORE
Is working from home the ultimate job perk? About two in five Americans say they’re living the dream by working remotely, while less than one in 10 wish to work on-location full time. That’s according to a new poll of 2,000 employed Americans which reveals that if given the opportunity to build their dream schedule, 42 percent would opt for mostly remote work with occasional days in-office. READ MORE
Google CEO Sundar Pichai urged his employees not to "equate fun with money" during a company-wide town hall event last week.
Pichai made the comments after employees complained that Google was restricting benefits for travel, as well as on-site entertainment and other perks, according to a recording of the meeting obtained by CNBC. The employees argued the company was "nickel-and-diming" them even as Google sees record-breaking profits. READ MORE
The new corporate minimum tax signed into law by President Biden last month will not impact large companies equally. A small percentage will bear the heaviest burden, according to new research from the University of North Carolina Tax Center. READ MORE
Some remote workers are juggling two full-time jobs as the "overemployed" movement gains steam online, thanks to social media platforms like Reddit.
The Overemployed subreddit, which was begun in May 2021 and is the public-facing forum of Overemployed.com, has grown to 92,800 members.
At the start of 2022, the subreddit had roughly 6,389 members, according to Subreddit Stats, a website that tracks subreddit growth. READ MORE
Hearing “no” over and over again can take a toll on anyone. As a salesperson, you’re used to hearing no in all its forms: READ MORE
In the midst of turbulent times, companies go back to the drawing board and have the chance to reflect and reevaluate their business. Some fear the current state of the market and the dreadful downturn, but some see it as an opportunity to see their company’s full potential and evaluate their strengths and weaknesses with brutal honesty. READ MORE
How leaders navigate a crisis — big or small — has an enormous influence over the impact that crisis will have on their organization, not to mention the personal impact it will have on the people and leadership of that organization, in its aftermath. The pandemic — a crisis on a global scale — created a series of smaller crises for organizations worldwide. Some floundered at this immediate disruption. Others emerged more resilient than before. READ MORE
As the United States emerges from the pandemic, employers have been desperate to hire. But while demand for goods and services has rebounded, the supply of labor has fallen short, holding back the economy.
More than two years after the COVID-19 recession officially ended, some sectors haven’t found the workers they need to operate at capacity. Only in August did the workforce return to its pre-pandemic size, which is millions short of where it would have been had it continued to grow at its pre-pandemic rate. READ MORE
We have an opportunity to restore confidence in the American dream and an opportunity to rebuild a vibrant middle class. But it will take leadership and courage. It will take action from each one of us to support that courage. We can do so by practicing what’s called “collective consumerism.” In doing so, we can help bring much-needed balance back to our economy. READ MORE
When employees stop putting forth significant effort toward their jobs and just do the bare minimum of work to get by, they are "quiet quitting" — a term that has gained quite a bit of traction recently. READ MORE
Elon Musk said Thursday that SpaceX and Apple have had "some promising conversations" about Starlink connectivity.
"iPhone team is [obviously] super smart," Musk tweeted. "For sure, closing link from space to phone will work best if phone software & hardware adapt to space-based signals vs Starlink purely emulating cell tower." READ MORE
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
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
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
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