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US employers are planning smaller pay raises and fewer promotions next year, compared to what they gave this year.
That’s according to a new survey from human resources consulting firm Mercer. The survey was taken by more than 900 of its clients, who are employers of varying sizes across 15 industries. READ MORE
The cost of living continues to stress out American workers, even as inflation eases from four-decade highs.
Sixty-seven percent of employees say the cost of living is outpacing growth in their salary and wages, according to a Bank of America survey shared exclusively with CNN on Monday. READ MORE
A long-awaited antitrust case against Amazon’s massive online retail operations is expected to be filed in federal court as soon as Tuesday, according to three people with knowledge of the matter.
The Federal Trade Commission has been preparing a complaint since at least the start of this year targeting an array of Amazon’s business practices. The exact details of the lawsuit are not known, and changes to the final complaint are possible until it’s officially submitted. But personnel throughout the agency, including FTC Chair Lina Khan herself, have homed in on several of Amazon’s business practices, POLITICO has previously reported. READ MORE
Camilla Bank Friis et al. (2020) investigated workplace aggression with the benefit of reviewing body-worn camera analysis of situational encounters.1 They recognize that occupational victimization literature frequently discusses the enhanced level of danger associated with factors such as having a high-pressure work environment and interaction with the criminal element, but face-to-face interaction patterns are studied less frequently.
One study they recognize as among the key exceptions (Landau and Bendalak, 2010) demonstrated a positive association between the inability to effectively communicate with patients in a hospital emergency ward setting and the likelihood of serious aggression toward staff. Other research they cite (Rabe-Hemp and Schuck, 2007) found less chance of police staff victimization where the officers initiated citizen contact when first arriving at the scene. But, in terms of practical examples that are arguably broadly applicable, they examined a specific type of encounter that capitalized on some of the more common responses to being confronted with negative news within a relationship of power imbalance. READ MORE
As employee frustration with unmet needs rises and managers face backlash from employees on returning to the office, celebrating wins could be part of the solution to resetting the workplace and getting everyone on the same side of the table. By focusing on the peaks instead of the valleys, HR leaders can see measurable results in terms of employee engagement and organizational performance.
Though often considered a “nice-to-have,” tangible recognition can go a long way in cultivating a strong culture and fueling motivation. The result will be happier employees, more connected teams and better business all around. READ MORE
Workplace abuse, toxic bosses, and underpaying jobs have increasingly entered the public conversation in the past year, as many return to jobs or offices after lockdowns and start realizing that there's a lotttt of stuff they really shouldn't have to put up with. READ MORE
The return-to-office debate sees no end in sight as companies grapple with mandates and the employee backlash that follows.
While a whopping 90% of companies plan to implement return-to-office policies by the end of 2024, flexibility remains a top priority for employees — and the lack of it might push them to seek other opportunities. READ MORE
Arm Holdings, the chip designer owned by SoftBank, priced it's initial public offering (IPO) at $51 per share, above the expected range, valuing the company at $54 billion amid higher demand.
Shares will begin trading Thursday on the Nasdaq Global Select Market under the symbol "ARM." It's the biggest U.S. IPO since Rivian in 2021. READ MORE
It’s been a bad year for CEOs.
Chief executives have left their posts at an alarming rate as their performance — and their behavior — come under increased scrutiny by corporate boards.
What’s happening: Well over 1,000 CEOs have left their companies this year, according to a Challenger, Gray & Christmas report. That’s 33% more than last year and the highest total in the first seven months of the year since the staffing research company began tracking exits in 2002. READ MORE
JPMorgan Chase CEO Jamie Dimon sounded the alarm over the state of the economy on Monday, warning that the "booming environment" cannot last forever.
Speaking at the Barclays Global Financial Services Conference in New York, Dimon warned of significant headwinds to the economy, including geopolitical tensions, government spending and monetary policy tightening by central banks across the world. READ MORE
Companies are increasingly embracing the idea of helping nontechnical staff members — those who have deep business-area expertise — learn to directly automate processes that give them headaches and eat up their time. For instance, human resources employees are uniquely qualified to identify the mundane and repetitive parts of their jobs, such as candidate-tracking tasks, and then, with some training, build automations that will relieve them of chores such as duplicative data entry and data cleaning. READ MORE
So, you started up, and now you need to scale up. But be careful to do so both effectively and cost-effectively.
Entrepreneurs will usually look to grow once they've plotted a path toward profitability, accrued enough loyal customers, and reached a sustainable revenue path, according to the financial services platform Stripe. READ MORE
Now, American companies are dealing with another employee trend called "boreout."
The term describes a situation in which workers are bored, unengaged and unfulfilled in their jobs.
This trend is impacting workers, managers and corporate America overall, according to job experts. READ MORE
Apple first became the world’s most valuable company in 2011 and it has, for the most part, held on to the title ever since. But analysts at Needham say that could change soon. READ MORE
It's become clear that remote work is here to stay. Just ask the workers who would rather quit their jobs than return to the office.
"The quality of the work-life balance is unbeatable. It's truly unbeatable," Timothy Done, a millennial who left his job rather than return to an office nearly 600 miles away, previously told Insider of his pivot to a full-time remote role. READ MORE
US work culture revolves around employees putting in eight hours a day, five days a week — a schedule immortalized by Dolly Parton in her 1980 song “9 to 5.”
It’s just the norm, many assume. Same as it ever was.
Except, it wasn’t always so. It has just held steady at that level since World War II. READ MORE
Artificial intelligence (AI) is making great inroads in the workplace as employers embrace innovation and efficiency. But APA’s 2023 Work in America survey results show that nearly 4 out of 10 U.S. workers (38%) are worried AI may make some, or all, of their job duties obsolete in the future. READ MORE
There’s been a surge of labor action in the past year, with high-profile strikes and threatened strikes among Hollywood writers and actors, Starbucks baristas, truck drivers, auto workers and more. Workers are pushing back in other ways, too: Many are trading up for better jobs, while others (like some women with caregiving responsibilities and some older workers) are simply leaving the workforce. Clearly, there’s a widespread desire for more voice and better treatment on the job. READ MORE
Workers' expectations of their employers continue to rise and are to the point of outright demands on an array of issues, according to the latest survey by global communications firm Edelman.
The company, which issues the annual Edelman Trust Barometer, released a special report on trust at work on Thursday that found employees want a workplace reset. READ MORE
Given ongoing turnover troubles, many employers have turned to a longtime retention strategy: giving employees more money.
It’s not a new approach. For instance, pre-pandemic, Salesforce trotted out annual bonuses that averaged $39,959, while Meta’s annual bonuses averaged $33,225 pre-pandemic. However, their average retention sits at only 23 and 25 months, respectively, according to a Paysa blog post. READ MORE