DIRS.INFO The most relevant business & tech news

☆ AI engineers report burnout, rushed rollouts as 'rat race' to stay competitive hits tech industry
▼ + stars: | 2024-05-03 | by ( Hayden Field | ) www.cnbc.com time to read: +16 min

The AI engineer bailed on his friends, who had traveled from the East Coast to the Seattle area. watch nowThis is the dark underbelly of the generative AI gold rush. Last year marked the beginning of the generative AI boom, following the debut of OpenAI's ChatGPT near the end of 2022. Justin Sullivan | Getty ImagesAn AI engineer at Microsoft said the company is engaged in an "AI rat race." The Microsoft AI engineer said a lot of tasks are about "trying to create AI hype" with no practical use.

Persons: Sebastien Bozon, Jensen Huang, Tech's, Amy Hood, Mark Zuckerberg, Zuckerberg, Andy Jassy, Jassy, they're, Eric Gu, “, Gu, Satya Nadella, Sam Altman, Justin Sullivan, there's, Morry, Kolman, doesn't, Sundar Pichai, Bard, There's, That's, beholden, Ayodele Odubela, ", it’s, Adam Selipsky, Anthropic, Dario Amodei, Noah Berger, Odubela, Gemini Organizations: Google, Apple, Facebook, Microsoft, AFP, Getty, Amazon, CNBC, Big Tech, Nvidia, Google . Engineers, Tech, Vision, Cloud Next, Web, Amazon Web Locations: Mulhouse, France, East Coast, Seattle, ChatGPT, San Francisco, Vegas, Las Vegas, German

☆ Federal prosecutors are examining financial transactions at Block, owner of Cash App and Square
▼ + stars: | 2024-05-01 | by ( Gretchen Morgenson | ) www.cnbc.com time to read: +13 min

Cash App, introduced in 2013, allows users to send and receive money instantaneously among themselves and to buy stocks and Bitcoin. As of December, Cash App had 56 million active transacting accounts and $248 billion in inflows during the previous four quarters, the company said. (Merchants are considered customers at Square, while users are considered customers at Cash App.) Cash App is not a bank, but it uses external banking partners to conduct various services. On March 29, Sutton Bank settled a consent order with the Federal Deposit Insurance Corp. that echoed the whistleblowers' allegations.

Persons: Jack Dorsey, Block, Venezuela —, Edward Siedle, Prosecutors, Cash, OFAC, Lawrence Summers, Sharon Rothstein, Summers, Rothstein, Lord Paul Deighton, Goldman Sachs, Deighton, Dorsey, Banks, Sutton, James Booker Organizations: Twitter, Southern, of, NBC, NBC News, Securities and Exchange Commission, Block, Foreign Assets Control, U.S . Treasury, Cash, OFAC, Goldman, Financial Market, Bank of Lithuania, Payments Lithuania UAB, PayPal, Consumer Finance Protection Bureau, Sutton Bank, Federal Deposit Insurance Corp, FDIC Locations: of New York, Cuba, Iran, Russia, Venezuela, Ohio, Sutton

☆ Target's CEO made 719 times the median employee's pay last year
▼ + stars: | 2024-04-29 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Target CEO Brian Cornell received total compensation of $19.2 million last year. The median compensation for associates was $26,696, according to Target's annual proxy statement. Cornell's pay is behind Walmart CEO Doug McMillon and ahead of former Costco CEO Craig Jelinek. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The pay package consisted of $1.4 million in base salary, $14.7 million in stock awards, and about $3.1 million in other compensation.

Persons: Brian Cornell, Doug McMillon, Craig Jelinek, —, Cornell, Doug McMillon's, Dominick Reuter Organizations: Walmart, Costco, Service, SEC, Business Locations: New York

☆ I quit medicine for an entry-level corporate job. I felt behind but didn't have the passion to become a low-paid doctor.
▼ + stars: | 2024-04-25 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

Salaha Ashraf spent her last few years of medical school feeling stressed and anxious. Ashraf went to medical school in 2014 but pivoted into a corporate career after deciding she didn't want to be a doctor. I felt more passionate about business management after one year compared to four years of medical school. I don't wish I was a doctorI try to look back at medical school in a positive light. If I felt empowered to follow my passion, maybe I would have studied psychology, which I found interesting at school.

Persons: Salaha Ashraf, —, Ashraf, I've, I'd Organizations: Service, NHS, Business Locations: Bolton, England

☆ FTC votes to ban noncompete clauses that bar employees from working for competitors
▼ + stars: | 2024-04-23 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Federal Trade Commission Chair Lina Khan testifies before a House Judiciary Committee hearing on Oversight of the Federal Trade Commission, on Capitol Hill in Washington, D.C., July 13, 2023. The Federal Trade Commission on Tuesday voted 3-2 for a nationwide ban against noncompete agreements, which companies use to prevent employees from taking jobs with competitors in the same industry. The FTC estimates that 30 million American workers, or roughly 18%, are currently subject to a noncompete. The FTC initially proposed the noncompete ban in January 2023. Meanwhile, business trade groups claim that noncompetes help preserve intellectual property and company secrets.

Persons: Lina Khan, Joe Biden, Joe Biden's, Biden Organizations: Federal Trade, Federal Trade Commission, Capitol, Washington , D.C, Federal, U.S . Chamber of Commerce, Workers, FTC, Department, DOJ Locations: Washington ,, U.S

☆ Special Education, Inc.
▼ + stars: | 2024-04-21 | by ( Meghan Morris | ) www.businessinsider.com time to read: +34 min

AdvertisementNate Smallwood for BITo some, private equity's business model appears antithetical to special education. (The average public school district in Pennsylvania, where New Story operates the most schools, spends about $23,000 per child across all types of public education. "Private equity has no place in education — especially special education," Sen. Sherrod Brown of Ohio told BI. For instance, two Pennsylvania education directors left in spring 2023, according to records obtained by BI — one after just months in the role. AdvertisementNickie Coomer, a Colorado College education professor who has written about the privatization of special education, told BI that this data gap is a major regulatory hole, one that private-equity companies are happy to exploit.

Persons: Emily, Sarah, Nate Smallwood, Sarah didn't, —, Mergermarket, Shanon Taylor, Taylor, Sen, Sherrod Brown, Bob Casey of Pennsylvania, Casey, Paul Volosov, Volosov, Jim Grinnen, Rachel Wisniewski, Christina Spielbauer, Spielbauer, Nathaniel Garnick, Garnick, sully, Craig Richards, He's, Richards, they're, " Richards, Judith McKinney, Grinnen, Donnell McLean, McLean, Natalie Stoup, Blackstone, haven't, Biden, of Education spokespeople, Nickie, …, that's, didn't, Hill, Amy Hall Kostoff, Kostoff, Green, she'd Organizations: Business, State College ,, New, BI, Audax Group, Kentucky, Pennsylvania State Employees, Schools, Audax, Rock Academy, University of Nevada, Ohio, Pennsylvania Department of Education, Rock, Reading School District, River Rock Academy, Virginia's Department of Education, Green Tree, Pay, Tree, Autism, Forbes, NBC News, Federal Trade Commission, of Education, Colorado College, Tree School, Pennsylvania's Department of Education, Pennsylvania, In State College Locations: State College , Pennsylvania, Boston, Pennsylvania, Reno, —, Ohio, New Story's, Rock, Virginia, , Ohio, New Jersey , Pennsylvania, New Story's New Cumberland , Pennsylvania, CARD's Virginia, Philadelphia, Rochelle Park , New Jersey

☆ What's so great about Australia's retirement plan — and what it means for America
▼ + stars: | 2024-04-16 | by ( Allie Kelly | ) www.businessinsider.com time to read: +8 min

Australia's superannuation system mandates employer-funded retirement contributions. Meanwhile, the US retirement system has become anxiety-inducing for many, as older adults struggle to make ends meet. AdvertisementAustralian retirement system puts saving responsibility on employers, not employeesAmerica's current retirement infrastructure includes two major categories: defined contribution plans and Social Security. This differs from the American system, where retirees' money is often held between a 401(k), other accounts, and outside investments. Still, Reilly cautioned that applying Australia's retirement system to the US could negatively affect employee wages.

Persons: —, Sen, Bernie Sanders, Catherine Reilly, Reilly, Larry Fink, Fink Organizations: Service, Challenger Limited, Money, TIAA Institute, Georgetown University's Center for Retirement, Social Security, BlackRock, Employers, Pew Charitable Trust Locations: Australia, America, California, Colorado

☆ Amazon hired an ex-Trader Joe's employee to access company secrets and replicate products from the grocer: WSJ
▼ + stars: | 2024-04-15 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

According to the Journal, Amazon appeared to have a model it wanted to replicate for Wickedly Prime: Trader Joe's. AdvertisementAccording to the report, Amazon wanted to replicate the top 200 items sold at Trader Joe's. The Amazon manager also pressed the ex-Trader Joe's employee for data on the margins for each product. The former Trader Joe's employee's experience gives an inside look at Amazon's broader, aggressive efforts to compete with other grocers. Trader Joe's established a cult following with its customers partly by developing snacks and foods through its private label.

Persons: —, Joe's, Nakia Rohde Organizations: Service, Street Journal, Amazon, Business, Wickedly Prime, The, Foods

☆ How climate change is beginning to be built into employee pay and benefits
▼ + stars: | 2024-04-13 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +8 min

There are some companies all-in, as a brand, in fighting climate change , such as Patagonia. So-called green perks, also referred to as climate change benefits, could help to bridge that gap. A rising, though still marginal trend in the job market, employee enticement and compensation packages tied to climate change can help to make these abstractions clearer and more actionable in the workplace. "There's a nascent but growing interest in climate change benefits," Schneider said, pointing out that Google searches for commuter benefits, as an example, are trending up. Green perks are a benefits arena where the demand would seem to outstrip supply, and green commuter benefits may be the first indication of a wider adoption wave.

Persons: enticement, WTW, Caroline Mangiardi, Mangiardi, Lauren Schneider, it's, Schneider, Mercer, Lizzy Kolar, Kolar, Kolar's Organizations: Walmart, Apple, Bank of America, Compt, CSR, employee's CSA, Fortune Locations: Bentonville , Arkansas, Patagonia, Bentonville —, Bentonville, employee's

☆ Miki Agrawal has moved on from Thinx. She hopes you have, too.
▼ + stars: | 2024-04-10 | by ( Claire Landsbaum | ) www.businessinsider.com time to read: +23 min

Agrawal, a 45-year-old serial entrepreneur who founded the period-underwear company Thinx and the bidet startup Tushy, has always poured herself into her businesses. That July, Agrawal gave birth to her son, Hiro Happy Horn Agrawal. AdvertisementAfter leaving Thinx, Agrawal, pictured here in her Texas home, poured her energy into her bidet startup Tushy. Before Thinx, before Tushy, Agrawal was an analyst at Deutsche Bank, working in an office near the World Trade Center. In 2011, she cofounded period-underwear company Thinx with her twin sister, Radha, and a friend, Antonia Saint Dunbar.

Persons: Miki Agrawal, Agrawal, she's, We're, missteps she'd, Miki Agrawal Agrawal, Andrew Horn, Agrawal's, Horn, Instagram, she'd, Hiro Happy Horn Agrawal, Forbes, Tushy, they'd, Thinx, Ilana Panich, —, hadn't, they're, Richard Wolf, Radha, Antonia Saint Dunbar, Nicholas Hunt, undressed, wasn't, Shama Amalean Skinner, Amalean Skinner, Maria Molland Selby, welling, Miki, who's, Justin Allen, She'd, Hiro, Jason Ojalvo, Ojalvo, Horn —, Melissa Pruett, Pruett, Jessica Fern's, I've, exes, it's, wifedom, hummus —, Happie Hoffman, Austin, Tesla, Elon Musk, Musk's, Kimbal, Argawal Organizations: New York, Commission, Human Rights, Washington Post, CNBC, Business, Deutsche Bank, World Trade, New York Magic, Food Network, New York Magazine, Antonia Saint Dunbar ., Nike, Outfront Media, New, MTA, New York Times, Glamour, Amazon Locations: New, playa, Texas, Tribeca, West, Williamsburg, Park, America, Canada, Orlando, Thinx, Costa Rica, Horn, Oregon, Austin

☆ I'm a manager who has put several people on performance improvement plans. Here's why you should see it as a positive opportunity.
▼ + stars: | 2024-04-10 | by ( Angela Page | ) www.businessinsider.com time to read: +4 min

Read previewA performance improvement plan — or a PIP — typically details an employee's deficiencies, failures to meet job goals, or issues with behavior. The plan typically outlines skill gaps and lack of goal achievement, including steps to improve performance and meet expectations. You can do this by simply analyzing how your manager presents the PIP and if they offer assistance in completing the plan. A PIP can be seen as a positive opportunityA PIP can become an opportunity to learn or even elevate your skills. AdvertisementIf you think it's time to quit, organize your résumé and references and start job hunting.

Persons: —, I've Organizations: Service, Business

☆ I'm a digital nomad in Big Tech who got promoted to senior management in 2 years. Traveling constantly hasn't held me back.
▼ + stars: | 2024-04-04 | by ( Cornelia Holzbauer | ) www.businessinsider.com time to read: +6 min

Read previewThis as-told-to essay is based on a transcribed conversation with Andre Maxwell, a digital nomad who works at cloud security company Okta. I had already been a digital nomad for almost a year, working as a cybersecurity engineer at a smaller tech company. I start working at 5 p.m. local time from Dubai or 10 p.m. from Japan. Discovering new restaurants and cafés in a coastal city, near the water with the sun shining on me — it makes the sacrifices of the digital nomad life all worth it. If your role mainly depends on you and your ability to perform, then I think it's much easier to go the digital nomad route.

Persons: —, Andre Maxwell, I've Organizations: Service, Okta, Business, Time Locations: Tulum, Mexico, Okta, Dallas, That's, Thailand, Japan, Finland, Austria, Dubai, California, Barcelona

☆ Walmart, Chipotle are splitting the wealth of a record stock market in a way they haven't in decades
▼ + stars: | 2024-03-31 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

For Chipotle, it's the first stock split in the company's 30-year history, and its announcement echoed Walmart's. Both are hoping, through the availability of an employee stock purchase plan and financial education, they'll get more workers to invest. Chipotle, even further out on the market chart, has shares nearing $3,000 — its stock split is to be effective June 26. ESPP versus fractional sharesEven without a stock split, employees could have already purchased shares of their company, or at least fractional shares, through a brokerage account. Company stock and financial educationSplitting a stock and having a generous ESPP can only go so far when it comes to encouraging employees to buy the company stock.

Persons: they'll, Michael Kestenbaum, Chipotle, Dan Kapinos, Clemens Kownatzki, Aalap Shah, Pearl Meyer, SoFi, Kownatzki, Larry Fink, Kestenbaum Organizations: Walmart, Companies, West Coast, Google, Pepperdine Graziadio Business, Khan Academy, Lyra Health Partners, Bank of America, Employees Locations: Aon

☆ The benefit that pays for itself and increases worker productivity
▼ + stars: | 2024-03-29 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

The organization advocates for company and government policy that supports working parents. All companies offered some form of childcare benefits — stipends, on-site care, or backup care. And, for each company, its annual net return for childcare benefits far outweighed the cost. But, when a company offers childcare benefits, retaining just 1% of eligible working parents could cover the price a company pays for those benefits, the study said. Childcare benefits boost employees' career prospects and earning potentialNot only do childcare benefits support a company's bottom line, but the study shows it improves the earning potential and career growth of individual employees.

Persons: —, it's Organizations: Service, Business, Companies, Bank of America, UPS

☆ 'Grand Theft Auto 6' production delay might be behind Rockstar Games' return to office mandate
▼ + stars: | 2024-03-24 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Read previewBack-to-work mandates at Rockstar Games are prompting concerns that "Grand Theft Auto 6" might get a later release date than expected. In December, Rockstar Games announced that "GTA 6" would come out in 2025. Still, news that a "GTA 6" release date was so far in the future caused stock prices for Take Two to dip as much as 7% in December. Related storiesNow, Kotaku reported that sources close to the game's development say that progress is slowing and the game's release could "slip" into 2026. Some Rockstar employees told Aftermath they learned they would no longer be able to answer Slack messages and use other work communication tools from home.

Persons: —, Jenn Kolbe, Slack Organizations: Service, Rockstar Games, Business, Kotaku, Rockstar, Bloomberg, Employees

☆ Target doubles bonuses for salaried employees as profits recover
▼ + stars: | 2024-03-21 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +2 min

Target will double its bonus payments to salaried employees this year, as the big-box retailer's profits recover from a bumpy nearly two-year stretch. Salaried employees at the Minneapolis-based retailer receive an annual bonus, based on Target's performance and the eligible amount set as part of their compensation. The retailer will pay 100% of employees' eligible annual bonus amounts for the most recent fiscal year, a company spokesperson said Thursday. It tops out at 175% of each employee's eligible bonus amount. For the fiscal year, Target said, it expects adjusted earnings per share will range from $8.60 to $9.60.

Persons: Target Organizations: Target, Bloomberg Locations: Minneapolis

☆ Domo CEO Josh James stepped down in 2022 after being accused of sexual assault, according to police reports and employees. No charges were filed.
▼ + stars: | 2024-03-19 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +8 min

Domo CEO Josh James stepped down in 2022 after he was accused of sexual assault, according to police reports and employees. One current Domo employee and three former employees said the company's board was made aware of the allegations against James prior to his sudden departure. In March 2023, a year after stepping down, James returned to Domo as CEO. Timeline of Josh James' departure from Domo and subsequent returnNovember 20, 2021 : According to claims in police reports, Josh James sexually assaults an employee during a business trip to Columbia, South Carolina. February 2022 : Domo fires the employee, according to her account to police officers.

Persons: Josh James, James, haven't, John Mellor, Catherine Wong, Daniel Stevenson, Mellor, Bruce Felt, Ian Tickle, Laurence, Jay, Brown, Dana Evan, Joy Driscoll Durling, James didn't, Domo, Brown Jr, James “, “, ” James, what's, ” Organizations: Business, Securities and Exchange, Domo, Columbia —, American Fork City Police, Columbia Police Department, Columbia Police, BI, Columbia Locations: Columbia , South Carolina, Utah, Columbia, South Carolina

☆ Dell workers can stay remote — but they're not going to get promoted
▼ + stars: | 2024-03-16 | by ( Polly Thompson | ) www.businessinsider.com time to read: +9 min

AdvertisementUnder the new policy, staff were told that from May almost all will be classified as either "hybrid," or "remote." Dell told BI in a statement that "in-person connections paired with a flexible approach are critical to drive innovation and value differentiation." The Dell worker lives about a 45-minute drive from the nearest office and works 10-hour shifts four days a week. AdvertisementAnother Dell worker told BI: "I would support that if I actually had team members that were local and would actually go on-site. Period," the senior Dell worker agreed.

Persons: —, Dell, Dell who's, Michael Dell's, CRN, Michael Dell, Cary Cooper, Cooper, There's, Brandon Bell, there's Organizations: Service, Dell, BI, Dell . Dell Technologies, Dell Technologies, National Forum for Health, Getty, Employees, Workers, SEC Locations: Round Rock, United States, Dell, Germany

☆ I'm a former tech manager who has put employees on PIPs. Almost no one survives them — someone in the company wants you gone.
▼ + stars: | 2024-03-11 | by ( Jane Zhang | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a conversation with Theresa Sue Mubenga, a former tech manager and startup founder. But companies need to put more good managers in place that care for their employees. There are a lot more bad managers than good managers. PIPs are not survivable, because once someone gets a PIP, they often feel targeted and don't want to work at a company. AdvertisementIf you've ever been put on a PIP at a Big Tech company and would like to share your story, email Jane Zhang at janezhang@businessinsider.com.

Persons: —, Theresa Sue Mubenga, I've, — I've, you've, Jane Zhang Organizations: Service, Business, Big Tech Locations: janezhang@businessinsider.com

☆ Nvidia boss Jensen Huang believes CEOs should have the most direct reports
▼ + stars: | 2024-03-09 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Huang, who oversees 50 direct reports, said that "by definition," CEOs should have the most direct reports of anyone at a company. And taking on more direct reports could help CEOs level the playing field, too. And while Huang manages more people than other big-name CEOs (Amazon CEO Andy Jassy has 16 direct reports), Nvidia has close to 30,000 employees, according to a company report from 2023. While Huang might be an outlier (and overachiever) as a manager, the number of direct reports CEOs are taking on is on the rise. CEOs' direct reports doubled from five in the mid-1980s to close to 10 in the mid-2000s, according to the Harvard Business Review.

Persons: —, Jensen Huang, doesn't, . Huang, Huang, chipmaker, Andy Jassy, Hal Gregersen Organizations: Service, Stanford's Graduate School of Business, Business, Nvidia, Harvard Business, MIT Leadership Center Locations: .

☆ A SpaceX employee is suing the company, alleging her manager forced her into a sexual relationship that led to pregnancy
▼ + stars: | 2024-03-07 | by ( Erin Snodgrass | Lloyd Lee | ) www.businessinsider.com time to read: +3 min

A female SpaceX employee accused the company of gender discrimination and retaliation in a new lawsuit. The employee said in the suit that SpaceX continued to side with her male boss even after he left. AdvertisementA female SpaceX employee accused the rocket company of discrimination and retaliation in a new lawsuit filed Tuesday in Los Angeles Superior Court. The civil rights arm of the Justice Department has also filed suit against SpaceX alleging discrimination against asylees and refugees. Last month, Bloomberg obtained California civil rights complaints that revealed former SpaceX employees are accusing executives at the company of joking about sexual harassment and firing employees who reported their concerns.

Persons: —, Michelle Dopak, Dopak, Gwynn Shotwell, Shotwell Organizations: SpaceX, Service, Los Angeles Superior Court, Reuters, Business, Justice Department, Bloomberg Locations: Los Angeles, California

The project, known as Direct File and launched by the IRS on a limited basis in 12 states this tax season, is in its pilot phase. Derek Wheeler, director of the Low-Income Taxpayer Clinic at the University of Florida’s Law School, said his clinic has referred less than a dozen clients to the Direct File system. His legal clinic has partnered with the IRS and selectively identifies clients who may be eligible to submit their taxes through the program. One of their biggest criticisms is that free tax prep services already exist for people of all income brackets and developing the Direct File system will end up costing taxpayers billions of dollars. But after using Direct File, she said, “I feel foolish for paying all that money every year.”

Persons: Dixie Warden, ” Warden, Warden, She's, ”, Obama, Derek Wheeler, Wheeler, Grover Norquist, Joe Biden, ‘, Norquist, Daniel Werfel, Vanessa Williamson, ” Wheeler, she’ll, “ Organizations: WASHINGTON, IRS, Affordable, University of Florida’s Law, Associated Press, Tax, Urban, Brookings Tax Policy, Organization for Economic Cooperation, Development, University of Florida, House Republicans, Congress Locations: Kyle , Texas, Florida, New Hampshire , Nevada , South Dakota , Tennessee , Texas, Washington , Wyoming , Arizona , Massachusetts, California, New York, United States, Germany, Japan, Britain, U.S

☆ 5 common mistakes employers make that could land their workers fat settlements, according to employment lawyers
▼ + stars: | 2024-03-02 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +11 min

The outcome could involve hefty settlements that employers are compelled to cough up to employees who brought workplace-related lawsuits against them. "That is easy, easy money" for the employee, Zambrano, who is suing the musicians Lizzo and Ye (formerly known as Kanye West), on behalf of ex-employees, said. Having an under-trained human resources department could pose major legal troubles for a company, added David Gottlieb, a partner at the New York City-based employment law firm, Wigdor LLP. If a case has some merit, employers will "absolutely" offer money to an employee pursuing legal action, continued Zambrano. Misclassifying employees as exempt from overtimeZambrano said that another common issue he encounters is employers misclassifying employees, sometimes in order to save money for the company.

Persons: —, Ron Zambrano, Zambrano, Lizzo, David Gottlieb, Wigdor, Gottlieb, they're, it's, that's, Amazon Tyler Organizations: Service, Business, Trial, Kanye, New, Wigdor LLP, NFL, Employers, Companies, Getty, Employees, Walmart, West Coast, Amazon Locations: California, New York City

☆ Many workers believe pensions are key to achieving the American Dream. But getting those plans back isn't easy
▼ + stars: | 2024-03-01 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

watch nowMore than three-quarters of Americans, 77%, say the unavailability of pensions is making it harder to achieve the American Dream, according to a new report from the National Institute on Retirement Security. With the shift from pensions to 401(k)s, the responsibility for saving for retirement has transferred from employers to workers. "When not managed properly, defined benefit plans can end up like Ponzi schemes," Greszler said at Wednesday's Senate hearing. Neither Social Security nor multiemployer pensions can pay benefits as promised, she noted. To shore up Social Security, the average American household would have to pay at least $3,000 per year more in taxes, money that would better be invested in personal accounts, Greszler argued.

Persons: Rebecca Cook, Sara Schambers, Schambers, Teresa Ghilarducci, Ghilarducci, Rachel Greszler, Greszler, Sen, Bill Cassidy Organizations: United Auto Workers, Sterling Heights Assembly, Reuters, Ford, Washington , D.C, UAW, National Institute on Retirement Security, Pensions, Finance, Security, Workers, The New School for Social Research, The Heritage Foundation, Senate, Social Security Locations: Sterling Heights, Sterling Heights , Michigan, Washington ,, New

☆ I'm an employment lawyer. Here are the first 3 questions to ask HR if you're laid off or fired.
▼ + stars: | 2024-02-26 | by ( Jane Zhang | ) www.businessinsider.com time to read: +8 min

HR has three main objectives when conducting terminationsThere are three main objectives, from the HR professional's standpoint, when terminating somebody. But the more questions employees ask, the more it opens the company up to liability if HR or the supervisor doesn't answer the questions correctly. If you're an at-will employee, the company doesn't need to provide you with a reason you're being fired. The employment attorney can explain to you what you're signing because the agreements are often very hard to understand. If you're a former HR executive or professional who has insight into HR practices and would like to share your story, email Jane Zhang at janezhang@businessinsider.com.

Persons: Craig Levey, Levey, I've, They're, it's, they're, you've, Jane Zhang Organizations: Bennett, Belfort, Employees Locations: P.C, Cambridge , Massachusetts, janezhang@businessinsider.com

Search resuls for: "employee's"

25 mentions found