DIRS.INFO The most relevant business & tech news

☆ Remote work has been a mixed bag for women when it comes to pay. But it's helped some men be 'overemployed' and make six figures.
▼ + stars: | 2024-04-10 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

But a lot of women haven't been able to take advantage of this remote work perk. Remote work has helped women's progress toward equal pay, but it's had a mixed impact on women's career advancement. On the one hand, remote work has allowed more women to stay in the workforce when they otherwise might forced out due to childcare demands. Women's relationship with remote work both helps and hurtsWomen are working at near-record levels, and the growth of remote work in recent years is among the key reasons. AdvertisementMen and women work from home at very similar rates, but there's some evidence that remote work is even more prevalent among women.

Persons: —, haven't, it's, jugging, jugglers, Aaron Terrazas, Nicholas Bloom, Sarah Small, Small, Nicole, Stanford's Bloom, Meredith Whitney, Utah's Organizations: Service, Business, Stanford, University of Utah, of Labor Statistics, WomenTech Network, Labor Department, Bard College Locations: Washington, overemployment

☆ Schools are facing a dire teacher shortage. Less competitive pay for Gen Z and young millennials could make it worse.
▼ + stars: | 2024-03-14 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

A new ADP Research Institute report showed how teacher pay compares to the pay of all employees. Teacher pay as a share of the pay for all employees aged 20 to 25 has greatly fallen over the years. AdvertisementThere's a shortage of teachers, and young adults could be shying away from the profession as teacher pay becomes less competitive. And for teachers aged 25 to 30, that has increased from $49,427 in January 2018 to $59,780 in October 2023. Education isn't the only field that may have trouble attracting young job seekers.

Persons: ADP's Nela Richardson, —, Nela Richardson, Jeff Nezaj, Gen Zers, Richardson, Nezaj, Gen, It's, Aaron Terrazas, we've Organizations: ADP Research, Service, Business, Bureau of Labor Statistics, ADP Research Institute, Census, Denver, Denver Classroom

☆ The Big Stay is great for companies and the economy, but workers might just be biding their time
▼ + stars: | 2024-03-14 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

Read previewProductivity for many companies is soaring — all thanks to the "Big Stay." AdvertisementThere are a couple of reasons workers have shifted to the Big Stay, Glassdoor Chief Economist Aaron Terrazas told Business Insider. The US economy added 275,000 jobs last month, but the job market recovery from the pandemic is slowing. The Big Stay has benefits, but they may be short-livedTerrazas said lower quit rates are giving way to high productivity across companies. At the same time, job openings have tumbled since post-pandemic highs, forcing a lot of workers to stay in their roles.

Persons: —, Aaron Terrazas, Terrazas, It's Organizations: Service, Companies, Bureau of Labor Statistics, Business, Employees, The Conference Board, Labor Statistics, Federal

☆ Gen Z could overtake Boomers in the workforce in 2024: This has 'sweeping implications,' economist says
▼ + stars: | 2023-12-05 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +1 min

Gen Z will make up a larger portion of the U.S. workforce than Baby Boomers for the first time next year, according to a recent Glassdoor trend forecast report — and it's a big deal, says an economist. The looming change in demographics will have "pretty sweeping implications for what employers prioritize," Glassdoor chief economist Aaron Terrazas tells CNBC Make It. They are being replaced by very different people who prioritize different expectations around work." Gen Zers, aged 12 to 27 next year, are increasingly graduating school and joining the workforce. Eventually, Gen Z will overtake Gen X too — but it'll be "a long time before they overtake millennials," says Terrazas, because millennials outnumber all other generations in the United States so far.

Persons: Aaron Terrazas, Gen Zers, Gen, millennials Organizations: Baby Boomers, CNBC, Boomers Locations: United States

☆ High food prices could keep Americans hating the economy for years to come
▼ + stars: | 2023-12-05 | by ( Jacob Zinkula | Andy Kiersz | ) www.businessinsider.com time to read: +4 min

High food prices are Americans' top concern about the economy, according to Morning Consult. Ninety percent of individuals said they were very or somewhat concerned about grocery and food prices , higher than any other factor surveyed. In part, these concerns can be attributed to rising food prices over the last few years. AdvertisementHigh food prices could be a key reason for this disconnect, Aaron Terrazas, Glassdoor's chief economist, told Business Insider. If Americans are hoping for cheaper food prices to come next year, they're unlikely to get their wish.

Persons: —, it's, Joe Biden's, Aaron Terrazas, haven't, Terrazas, Biden, McDonald's Organizations: Service, Bloomberg, Bureau of Labor Statistics, Business, US Department of Agriculture, Social Security Administration

☆ 2024 will be Gen Z's year to change work as we know it
▼ + stars: | 2023-11-15 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

A new report suggests there will likely be more Gen Zers working full-time than boomers by early 2024. Meanwhile, some Gen Xers are getting ready to make retirement decisions. That shift in demographics is expected to change how employers attract young talent since Gen Zers have different priorities compared to their older colleagues. "We know that the types of workplace culture and benefits that Gen Z values is different than baby boomers." "Particularly in contrast to Gen Z, Gen X is a little bit more cautious about asking and demanding change and transparency and voice in the workplace," Terrazas said.

Persons: millennials, Xers, —, Gen Zers, Aaron Terrazas, Terrazas, Zers, Z, Chelsea Williams, Williams, Gen, they're, Gen Z, X Organizations: Service, Business, Pew Research Locations: millennials

☆ 63% of Gen Z workers have a best friend in the office—there are 2 potential drawbacks, experts say
▼ + stars: | 2023-11-14 | by ( Aditi Shrikant | ) www.cnbc.com time to read: 1 min

More than half, 51%, of all workers and 63% of Gen Z workers say they have a best friend at their job, according to a recent Glassdoor survey. Those polled reported some pretty crucial mental health benefits for having an office bestie: support and enjoyment in the workplace were among the top two pros, followed by stress relief. When forging relationships in the office, you need to remember that the stakes are different, says Glassdoor chief economist Aaron Terrazas. "Workplace friendships will never be the same as friendships outside the workplace, and it's important to keep in mind that you may need to continue working with work friends even after a friendship sours," he says. Here are two potential drawbacks to having a best friend at work, and how to manage each situation.

Persons: Aaron Terrazas

☆ Employees want to talk about politics at work, study finds—but it's a 'double-edged sword'
▼ + stars: | 2023-11-09 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

Men (67%) are more likely than women (54%) to talk politics with co-workers, and younger generations are more likely to engage in political conversations than their older counterparts. Overall, men ages 35 and up and women ages 18-34 appear to be the most likely to talk about politics with their colleagues. When looking just at Gen Z and Millennial women, the percentage rose even higher to 81%, compared to around 60% of Gen Z and Millennial men. For Gen Z employees, these numbers rose to 49% and 44%, respectively. However, this doesn't necessarily mean that company leaders should avoid political talk all together.

Persons: Joe Biden, Donald Trump, Aaron Terrazas, Gen Z, Z, Terrazza, Terrazas Organizations: CNBC Locations: Glassdoor, Gaza, Israel

☆ It's a terrible time to be a HENRY
▼ + stars: | 2023-11-07 | by ( Juliana Kaplan | Cork Gaines | ) www.businessinsider.com time to read: +8 min

Their wage and job growth is slower than lower earners, they're piling on debt, and childcare costs are soaring. Workers with earnings in the bottom 10% of wages saw higher wage gains than those in the top 10%. AdvertisementAdvertisementWhile wage gains have stabilized a bit, the bottom half of workers are still notching greater gains than those at the top. Meanwhile, the already rich — those who make over $250,000 — only saw their childcare costs increase by about 4%. As the labor market continues to slow, and childcare costs only rise with the end of pandemic-era subsidies , it might continue to be a bad time to be a HENRY.

Persons: —, there's, Aaron Terrazas, What's, Priya Malani, HENRYs, Goldman Sachs, they're, HENRY Organizations: Service, MIT, University of Massachusetts Amherst, of Economic Research, Bureau of Labor Statistics, Bank of America Institute, Walmart, Consumer Finances, Federal Reserve, Fed

☆ Cooling job market no reason for panic yet, economists say: 'It's a slowdown, not a collapse'
▼ + stars: | 2023-11-03 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Brown | Afp | Getty ImagesThe job market continues to show signs of cooling, but alarm bells aren't ringing just yet, economists said. The unemployment rate rose to 3.9% in October, from 3.8% in September, the BLS said. "There's almost no exception in this report: Every indicator suggests a slowing, slackening labor market," she said. "The days of explosive growth are gone, as the labor market shifts into healthier and more sustainable territory," said Noah Yosif, lead labor economist at UKG, a payroll and shift management company. The rise in the unemployment rate may also just be a sign that the extremely hot labor market is loosening a bit, Bunker added.

Persons: Frederic J, Brown, Julia Pollak, Pollak, Noah Yosif, Aaron Terrazas, Terrazas, Andrew Hunter, Nick Bunker Organizations: Afp, Getty, U.S . Bureau of Labor Statistics, BLS, Workers, Finance, Union, Capital Economics Locations: Los Angeles, U.S

☆ Job growth slowed in October as the economy settled into a new normal
▼ + stars: | 2023-11-03 | by ( Madison Hoff | Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementThe US economy added 150,000 jobs in October, based on nonfarm payroll employment growth from the Bureau of Labor Statistics or BLS. That's less than September's revised job growth of 297,000. After two straight months of an unemployment rate at 3.8%, the unemployment rate rose slightly to 3.9%. Some of the industries that saw job growth from September to October included healthcare, construction, and leisure and hospitality. "The labor market remains tight, but supply and demand conditions continue to come into better balance," Powell said.

Persons: Jerome Powell, —, payrolls, Biden, Labor Julie Su, Aaron Terrazas, Nick Bunker, that's, Bunker, might've, Terrazas, Powell Organizations: Service, Bureau of Labor Statistics, BLS, Labor, That's, North America, Gross, Bureau, Board, Conference Board

☆ The AI boom is the newest threat to women's presence in the workforce
▼ + stars: | 2023-11-02 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

A new study found that 7.8% of jobs held by women, and 2.9% held by men, could be automated. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . From an economic perspective, more women working means more entrepreneurship , fewer labor shortages , and more disposable income to spread around businesses. Retraining workers could help mitigate the impacts of AI job replacementTo be sure, the AI future has yet to be written. AdvertisementAdvertisementHowever, even if AI does pose an additional threat in the years ahead, it won't change things overnight, giving some women time to prepare.

Persons: —, Michael Chui, Julia Pollak, ZipRecruiter, Aaron Terrazas Organizations: Service, International Labour Organization, Pew, McKinsey Global Institute Locations: United States

☆ Gen Z is lonely. Going back to the office may be the cure for some.
▼ + stars: | 2023-10-31 | by ( Aaron Mok | Lakshmi Varanasi | ) www.businessinsider.com time to read: +12 min

The solitude of remote work seemed to particularly hit Gen Z workers — who began their careers as workplaces went from in-person to virtual — hard. With companies asking — and in some cases mandating — their employees return to the office, Gen Z workers who are going in regularly have said they have a renewed sense of confidence in their jobs. Since Fitchett's employer started mandating employees go to the office, Fitchett said he finally feels a sense of ease at his job. Don't expect a full-scale return to the office quite yetThere's more that goes into a worker's preferences than loneliness, and Gen Z workers are mixed about returning to the office full time. For her — and many other Gen Z workers — the solution may come in some form of flexibility.

Persons: Ben Fitchett didn't, Fitchett, Ben Fitchett, Ben Fitchett Young, Aaron Terrazas, —, Cigna, Hubert Palan, Z, Covid —, Palan, Vivek Murthy, it's, Mansoor Soomro, Soomro, Gen, Juanita Garcia, Garcia, who've, Zers, Anita Pan —, Anita Pan, Pan, Ricky Yean, Zers —, Yean, Bianca Wu, Bianca Wu Bianca Wu, Wu, wouldn't Organizations: Company, Teesside University, Starbucks, Flow, Dell Locations: New Zealand, Los Angeles, New York, Washington , DC, Bay

☆ Union workers ‘are catching up’ on pay as labor organizing surges
▼ + stars: | 2023-10-31 | by ( Jared Mitovich | ) www.cnbc.com time to read: +2 min

While predictions across the board about employee pay are forecasting slower wage growth next year, there's a notable exception: union workers, especially those in service and manufacturing roles. Compensation for union workers is up just 11% since the first quarter of 2020, compared with 14.6% for nonunion workers, according to Bureau of Labor Statistics data from the second quarter of 2023. The rise in pay growth for unionized employees this year stems, in part, from significant labor action, including a string of labor deals resulting in higher pay. Many unionized workers, for example, haven't negotiated a new contract since the Covid-19 pandemic began. "Unionized workers couldn't see the same scale of wage increases over the past few years that non-unionized workers did," said Aaron Terrazas, Glassdoor's chief economist.

Persons: there's, haven't, Aaron Terrazas Organizations: of Labor Statistics, Finance, United Auto Workers, Ford Motor Company, General Motors, Ford, UAW

☆ There's a 'radically different' wage growth forecast in 2024, says economist. What that means for you
▼ + stars: | 2023-10-30 | by ( Jared Mitovich | ) www.cnbc.com time to read: +4 min

In June, employers surveyed by consulting firm WTW said they were planning to increase salaries by about 4% in 2024, compared to 4.6% in 2023. Wage growth has 'come down pretty steadily'Employees are entering a tighter job market, which has affected wage predictions, said Terrazas. "We should expect less turnover to continue to tamp down wage growth in coming months," according to the report. At the current rate, Indeed's tracker forecasts posted wage growth to reach the 2019 average of 3.1% in late 2023 or early 2024. Wage growth has "come down pretty steadily" since that pandemic high, Indeed economist Cory Stahle said.

Persons: Scott Dalton, WTW, Mercer, LaCinda Glover, —, Cory Stahle, they've, Julia Pollak, Terrazas, Pollak Organizations: Workers, Bloomberg, Getty, Mercer, Employees Locations: Columbus , Texas

☆ Schools, hospitals, and construction: These are the jobs with labor shortages that could stick around for years
▼ + stars: | 2023-10-28 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

Labor shortages in healthcare, education, and other fields aren't going away soon. Childcare and skilled trades may also see labor shortages stick around. "For economists, labor shortages are these longer term, enduring structural shortages where labor supply is not able to adapt to changes in demand," Aaron Terrazas, chief economist at Glassdoor, told Insider. Indeed economist Cory Stahle pointed to overlooked talent pools as a way to address labor shortages. AdvertisementAdvertisementBelow are some of the kinds of work and industries where there may be labor shortages long term.

Persons: —, Aaron Terrazas, Julia Pollak, ZipRecruiter, Pollak, it's, isn't, Terrazas, Cory Stahle, Stahle Organizations: Service, Pew Research Center, of Labor Statistics

☆ Working in Silicon Valley used to be fun. Now it's just another miserable corporate gig.
▼ + stars: | 2023-10-17 | by ( Aaron Terrazas | ) www.businessinsider.com time to read: +12 min

For the first time in a long time, tech workers are in a funk. This rare combination of generous compensation and a reasonable work-life balance kept tech workers happier than employees in other industries. Economy wide, there were on average 6.6 front-line workers per manager in 2018 and 2019, but post-pandemic, the ratio dropped to 6 to 1. It's possible that as tech companies have grown into more complex organizations, more management layers are necessary. Fundamentally, it's about listening to and elevating the voices of front-line employees.

Persons: —, Kristi Coulter, Aaron Terrazas Organizations: Linkedin, Tech, Wall Street, Federal Reserve, Microsoft, Amazon, California Bay, Austin , Texas —, Ford Motor Company, Intel Locations: Wall, California, California Bay Area, Austin , Texas, neckties

☆ Insider Today: Tech workers are bummed
▼ + stars: | 2023-10-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementIn today's big story, we're looking at why some tech workers don't love their jobs anymore. Many factors led to the shift, from significant layoffs in Big Tech to in-office mandates and financial pressure due to high interest rates. AdvertisementAdvertisement(Interestingly enough, Terrazas writes that workers in non-tech roles — like human resources and marketing — report the highest job satisfaction at Big Tech companies.) But it feels like tech workers themselves will end up having to do a bit of recalibration. Working in Big Tech has become a job like any other corporate gig.

Persons: Alyssa Powell, tech's, Aaron Terrazas, Terrazas, Insider's Hugh Langley, Grace Kay, Garry Gensler, Drew Angerer, Gary Gensler, Janet Yellen, it's, Satya Nadella, JASON REDMOND, ADAM GRAY, didn't, Israel, Don't, Rae Dunn, Jim Jordan, Jada Pinkett, Pinkett Smith, Will Smith, Goldman Sachs, Lockheed Martin, Johnson, Leah Kern, Joe's, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Sigma, Insider Tech, Big Tech, Tech, Terrazas, SEC, Getty, LinkedIn, Tesla Edinburgh, Amazon, Republican, Bank of America Locations: Big, Israel, Ukraine, AFP, Tesla, Temple, El, New York City, York, San Diego, London, New York

☆ How big is your raise likely to be next year? We found out.
▼ + stars: | 2023-10-16 | by ( Aki Ito | ) www.businessinsider.com time to read: +5 min

Now it's: How much of a raise can I expect in 2024 if I stay in my current job? Sure — but it may wind up being the biggest boost in purchasing power that workers have gotten in years. If you think you deserve a raise that's higher than the 4% average, pay experts have a few tips. These days, as the hiring frenzy subsides, you're not as likely to get a bigger raise simply by switching companies. Which means that 2024 may be your last, best hope for landing an above-average raise — perhaps for years to come.

Persons: —, That's, it's, David Turetsky, What's, they're, Ruth Thomas, don't, Aaron Terrazas, Aki Ito Organizations: Congressional, Salary.com, Employees Locations: California, Washington, Payscale

☆ The numbers are in: Here’s how big your raise is likely to be next year
▼ + stars: | 2023-10-16 | by ( Aki Ito | ) www.businessinsider.com time to read: +5 min

REUTERS/Raquel Cunha Acquire Licensing RightsMEXICO CITY, Sept 11 (Reuters) - The Mexican government's plan to run up the biggest budget deficit in decades during the 2024 general election year could put pressure on public finances and eventually threaten its credit rating, analysts said on Monday. Lopez Obrador last week backed former Mexico City Mayor Claudia Sheinbaum as his party's candidate to succeed him. Historic data show the projected budget deficit for 2024 will be the highest since 1988 as a proportion of GDP. The government's higher spending plans should bolster Latin America's second-biggest economy, which has outpaced forecasts this year, brightening the outlook for 2024. He also noted that since Mexico's current account deficit is currently considerably lower than foreign direct investment, there was a pool of untapped demand in the economy that the government could temporarily offset via higher spending.

Persons: Mexico's Finance Ministry Rogelio Ramirez de la O, Marcela Guerra, Raquel Cunha, Andres Manuel Lopez Obrador, Lopez, Patricia Terrazas, Lopez Obrador, Mexico City Mayor Claudia Sheinbaum, Gabriela Siller, Alberto Ramos, Goldman Sachs, Ramos, Raul Feliz, Feliz, Dave Graham, Diego Ore, Noe Torres, Jamie Freed Organizations: Mexico's Finance Ministry, Mexican, REUTERS, Lopez Obrador's, Action Party, PAN, Mexico City Mayor, Banco Base, Bank of, Thomson Locations: Mexico City, Mexico, MEXICO, Bank of Mexico

☆ Mexico's Election Year Deficit Plan Fuels Fear Over Finances
▼ + stars: | 2023-09-11 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +3 min

By Dave Graham and Diego OréMEXICO CITY (Reuters) - The Mexican government's plan to run up the biggest budget deficit in decades during the 2024 general election year could put pressure on public finances and eventually threaten its credit rating, analysts said on Monday. Lopez Obrador last week backed former Mexico City Mayor Claudia Sheinbaum as his party's candidate to succeed him. Historic data show the projected budget deficit for 2024 will be the highest since 1988 as a proportion of GDP. The government's higher spending plans should bolster Latin America's second-biggest economy, which has outpaced forecasts this year, brightening the outlook for 2024. He also noted that since Mexico's current account deficit is currently considerably lower than foreign direct investment, there was a pool of untapped demand in the economy that the government could temporarily offset via higher spending.

Persons: Dave Graham, Diego, Andres Manuel Lopez Obrador, Lopez, Patricia Terrazas, Lopez Obrador, Mexico City Mayor Claudia Sheinbaum, Gabriela Siller, Alberto Ramos, Goldman Sachs, Ramos, Raul Feliz, Feliz, Diego Ore, Noe Torres, Jamie Freed Organizations: MEXICO CITY, Lopez Obrador's, Action Party, PAN, Mexico City Mayor, Banco Base, Bank of Locations: MEXICO, Mexico, Bank of Mexico, Mexico City

☆ Bosses are tracking how long you're working — and using it to judge your performance. It's a terrible way to get the best out of workers.
▼ + stars: | 2023-09-07 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +6 min

Many companies with remote or hybrid workforces use tracking software to monitor their workers. An MIT lecturer said tracking hours wasn't a good productivity measure. As office attendance and productivity tracking become increasingly common, more companies are using it to evaluate, discipline, and even fire employees. About three-quarters of respondents in the ResumeBuilder.com survey said they had fired employees based on findings from their tracking software. But if US companies are truly concerned about maximizing their employees' productivity, some of them may be doing it all wrong.

Persons: —, they're, Slack, Aaron Terrazas, Terrazas, Robert C, Pozen, Paul Rubenstein, Rubenstein, Stacie Haller Organizations: MIT, Service, Tech, Meta, Employees, MIT Sloan School of Management Locations: Wall, Silicon

☆ 6 things to know about the job market right now: It's 'near-perfect,' economist says
▼ + stars: | 2023-09-01 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Job growth is slowingThe U.S. economy added 187,000 jobs in August, the Labor Department said Friday. Job growth is clearly losing momentum: The three-month average in August was 150,000 jobs added, versus 201,000 in June, for example, Bunker said. Further, monthly job growth still exceeds U.S. population growth, economists said. Unemployment is up — but not for bad reasonsThe unemployment rate jumped to 3.8% in August from 3.5% in July, the U.S. Labor Department said Friday. There were about 8.8 million openings in July, the fewest since March 2021, according to Labor Department data.

Persons: Mario Tama, Bunker, Julia Pollak, Lat, Aaron Terrazas, Andrew Hunter, Pollak, —, Zandi, Andrew Patterson, Hunter Organizations: Getty, Labor Department, Yellow Corp, U.S . Labor Department, Capital Economics, Workers, Vanguard, White House Council, Economic, CEA Locations: U.S, Hollywood

☆ Women are working at record levels. Remote work, stay-at-home dads, and the gender pay gap will keep it that way.
▼ + stars: | 2023-08-31 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

Remote work, stay-at-home dads, and the gender pay gap could nudge more women into the workforce. AdvertisementAdvertisement"Beyond a near-term dip, women's share of the labor force will probably inch higher over the long term," he said. First, remote work is likely to continue boosting women's employment. Second, more men are becoming stay-at-home dads, which means fewer stay-at-home moms — and more women in the workforce. AdvertisementAdvertisementThird, the persistence of the gender pay gap could force women to work later in life — boosting the number of older women workers in particular.

Persons: that's, Aaron Terrazas, Terrazas, — Organizations: Service, Bureau of Labor Statistics, of Labor Statistics, Pew Research Locations: Wall, Silicon

Search resuls for: "Terrazas"

25 mentions found