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Hong Kong CNN —Like hundreds of millions of workers in China, Hao Zeyu, an algorithm engineer at an electric vehicle maker, is getting five days off this week for the Labor Day holiday. So, why has a decades-old policy caused so much upset in a country whose Communist Party leadership pays annual homage to International Workers’ Day? Trending topicIn recent weeks, complaints about this year’s Labor Day leave arrangements have exploded on Chinese social media. Tourists visit the Qiansimen Jialing River Bridge during the May Day holiday on May 1, 2023 in Chongqing, China. Labor Day isn’t the only holiday to get the adjusted rest policy.
Persons: Hao Zeyu, Hao, , ” Hao, , Yao, Max Teng, it’s, Yaer Tuerdi, Pang Dong Lai, Yu Donglai, Yu, Teng Organizations: Hong Kong CNN, Labor, CNN, Communist Party, International Workers, Workers, Weibo, Tourists, China News Service, University of Wellington, “ Workers Locations: China, Hong Kong, Chongqing, United States, United Kingdom, Kentucky, Henan
Basant Shenouda, 27, is one of LinkedIn's biggest career content creators. She once quit a toxic job after less than a year in a tough market and with nothing else lined up. I'm a Gen-Zer and one of LinkedIn's biggest career content creators. Mental health is beyond important, but it's also important to have a sense of financial security during these tough times. I also recommend that workers continuously look toward future job opportunities and look at their careers as a staircase.
Persons: Basant Shenouda, , It's, I've, it's Organizations: Service, Big Tech Locations: Dublin
AdvertisementThe management style made the job difficultAt the beginning of my career journey, I tried many different things. Ultimately, I quit after less than a year without any job lined up. I left my problematic job during a bad job market, which greatly stressed me. Mental health is beyond important, but it's also important to have a sense of financial security during these tough times. I also recommend that workers continuously look toward future job opportunities and look at their careers as a staircase.
Persons: , Basant Shenouda, It's, I've, it's Organizations: Service, Business, Big Tech Locations: Dublin
Instead, he was told he was being laid off, effective immediately, due to a restructuring. The effects of 'money trauma'I recently learned about a concept called "money trauma," which is a psychological response to a distressing experience that affects your personal finances, consequently transferring into your relationships and health. Advertisement"In your body and mind, it creates these fight-or-flight responses," Game told me. Advertisement"It impacts my confidence and the way I see myself compared to my peers," Collin told me. Each time we've dealt with a layoff, work has always been found again, and we truly believe this time won't be any different.
Persons: , Collin, kickstarted, he's, we're, I've, Kelsey Herbers Organizations: Service, Business, Starbucks, Connect, LinkedIn Locations: Charleston , South Carolina
Goldman Sachs partner Brian Robinson at 200 West Street. The sign that Goldman Sachs partner Brian Robinson created. Robinson's mission to revamp leadership — from his high C's to neon sign creations — appears to be rubbing off on clients and colleagues alike. He is currently making one for a Goldman partner with a fifth-floor office who asked for a customized sign to hang in that workspace, he said. The goal, he said, is for the signs to stand on the walls of Goldman Sachs "for years and decades to come."
Persons: Goldman Sachs, Brian Robinson, Goldman, Robinson, It's, Robinson —, David Solomon, John Waldron, Robinson's, , He's, he's, Carlyle Organizations: Service, Wall Street, Business, Wall, Deutsche Bank Locations: Americas, Manhattan, London, New York
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The analysis looked at over 135,000 users across 958 companies, looking into nearly 97 million hours of data. Efficiency overall remained flat even as days shrank by nearly an hour. On Friday, workers sign off at 4:03 p.m., about an hour earlier than at the start of 2021. The percentage of disengaged employees was just 12% in 2021.
Persons: , ActivTrak, they're Organizations: Service, Business, Wall Street, Employees, Gallup Locations: underutilization
South Korean millennials are turning to pet rocks to combat loneliness and burnout at work. Originally a 1970s joke gift, pet rocks can give a low-maintenance sense of companionship. AdvertisementAdults in South Korea are using pet rocks to help with loneliness and burnout at work. The Journal's Jiyoung Sohn spoke to millennials turning to pet rocks to help them through difficult periods in their careers. Related storiesThe coronavirus pandemic prompted a pet-rock boom in South Korea, according to a July 2023 report by Korea JoongAng Daily.
Persons: , Gary Dahl, Bettmann, Jiyoung Sohn, Koo Ah, Sohn, Koo, Yoon Jeonghan, Gen Z Organizations: Service, Street, Business, South Korea's Ministry of Interior, Safety, The Korea Herald, South Korea's Ministry, CNN, Bloomberg, Companies Locations: South Korea, Asia, Seoul, Korea
CEO Michael O'Leary is set for a $109 million bonus dependent on the company's stock price rising. He told the Journal it's "very good value for Ryanair shareholders" compared to star soccer players. AdvertisementThe CEO of ultra-low-cost airline Ryanair told The Wall Street Journal his potential $109 million bonus is "very good value" compared to star athletes. Mbappé, the captain of the French national team and arguably the best soccer player in the world, has agreed to a signing bonus of 150 million euros ($162 million) across five years with Real Madrid, the BBC reported. "The funny thing we've learned over the years is actually the bad publicity sells far more seats than the good," O'Leary told The Journal.
Persons: Michael O'Leary, , it's, O'Leary Organizations: Ryanair, Europe's, Service, Wall Street, Financial Times, Journal, Real, French national, Real Madrid, BBC Locations: Real Madrid
But the criticism of millennial management may be a bit unfair, experts say. Many self-described millennial managers also seemed to identify with the behavior, saying they tried not to pass down any negativity to their workers. The verdict seemed to be in: "millennial managers" are the worst. AdvertisementIyyani told BI that he thinks some aspects of the "millennial manager" stereotype may actually be welcomed by some workers. "While I won't daresay all millennial managers have this approach, this sure seems to be the desired change on the ground from leaders.
Persons: , Rob, , — Dimitrius Jones, Vivek Iyyani, Zs, Gen X, Christopher Littlefield, Littlefield, It's, Gen, Iyyani Organizations: Service
If your office culture allows or even encourages working outside of business hours, it can be hard to disconnect. Even if your PTO isn't for a few weeks, "right now" is the best time to remind your managers and colleagues you'll be out, Smith says. Here's how to disconnect from work this holiday season:Remind your boss now, and then remind them againYour manager probably doesn't remember exactly what days you'll be gone. "Just say, 'As a reminder it's Wednesday and Friday is my last day in the office,'" Smith says. Make your OOO email more personalCraft an out-of-office email that includes some personal details about your time off.
Persons: Brandon Smith, you'll, Smith, Celeste Headlee, Headlee, Slack
The discussion around whether the 9-to-5 work schedule is outdated is going viral on social media. People are saying they're exhausted and that they have no time or energy to do anything after work. AdvertisementAdvertisementThe longstanding custom of working 9-to-5 is facing a reckoning on social media, with some users saying they feel like they're wasting their youth on what they perceive as meaningless work. These videos have been making the rounds on social media and have sparked a discussion around whether the 40-hour work week is outdated. As a result, some workers are pushing back on hustle culture and corporate life and seeking alternatives like four-day work weeks and greater work-life balance .
Persons: , Brielle, I'm, I've, Andra Berghoff, Suzy Welch, University's, Z, Welch Organizations: Service, Twitter, University's Stern School of Business Locations: Minnesota, New
AdvertisementAdvertisementThis has been a bit of a secret, but when I applied to Yale, I chose to apply as an African American-studies major on a whim. Regardless, part of me thinks I got in because I'm Black and chose the smaller major of African American studies. I'm now working extra hard to prove I belong at Yale. The fact that I didn't get into Princeton made me think my Yale acceptance wasn't guaranteed. I could have edged out a more qualified candidate who was not a person of color because I'm Black.
Persons: , Du Bois, Black, I'm, advisedly, would've, I've, Henry Louis Gates Jr, Cornel, Gates, we're Organizations: Yale, Service, Harvard, Princeton, Yale Political Union, American Student Association, Black Yale, Cultural Center Locations: American, East Coast
Gen Z are abandoning the girlboss lifestyle to enter the new "snail girl era" taking off on TikTok. The term "snail girl" was coined by Sienna Ludbey in an article for Fashion Journal in September titled "'Snail girl era': Why I'm slowing down and choosing to be happy rather than busy." "'Hot take for the week, my inner girlboss is dead and my 'snail girl' era has begun,'" Ludbey wrote. Its features editor Maggie Zhou said in the video: "the girlboss is rolling over in her grave, welcome to the snail girl era." Although choosing the snail girl lifestyle may be more gratifying, it could result in financial or other consequences further down the road.
Persons: , Sienna Ludbey, Ludbey, Michelle P, Netflix's, Sheryl Sandberg's, King, Maggie Zhou, Suzy Welch, University's, Welch, who's Organizations: Service, Fashion Journal, Fashion, University's Stern School of Business Locations: New
Russia's air force has lost 90 planes in Ukraine since February 2022, British intelligence said. Despite this, Russia still has the ability to fly missions over occupied Ukraine, the update said. AdvertisementAdvertisementRussia's air force has lost 90 planes since the start of the war in Ukraine and is becoming less formidable by overworking its jets, UK intelligence said. Latest Defence Intelligence update on the situation in Ukraine – 28 September 2023. Its air force has managed to maintain its overall front-line strength by restoring old, grounded airframes and acquiring from NATO countries 18 Su-25s and 27 MiG-29s.
Persons: Organizations: Service, British Ministry of Defence, Latest Defence, Ukraine –, Defence Locations: Ukraine, Russia
However, that is exactly what some companies want, according to workplace experts that CNBC Make It spoke to. RTO is a cheap and dirty way for companies to avoid legal complications and financial obligations associated with layoffs. "Rolling back those gains, such as remote work and flexible hours, is audacious, but companies are daring employees to quit," Ruettimann added. "RTO is a cheap and dirty way for companies to avoid legal complications and financial obligations associated with layoffs," said Ruettimann. "Announcing direct layoffs can lead to a drop in morale among remaining employees, which could affect productivity and overall workplace atmosphere," he added.
Persons: Dan Schawbel, Laurie Ruettimann, Meghan Biro, Schawbel, Ruettimann, It's Organizations: Companies, Workplace Intelligence, New York Times, CNBC, Bloomberg, Employees
If you've ever dreamt about moving abroad, the capital city of New Zealand just made it easier. Wellington tends to attract early-career workers and those in search of a better balance, Allen says: "Here, people are more relaxed in their work life. Jon Kroll moved from LA to Wellington, New Zealand, in 2022. New quality of life boost is 'off the charts'Kroll says the cost of living is pretty comparable to life in LA. Want to be smarter and more successful with your money, work & life?
Persons: John Allen, Allen, That's, Wellington Jon Kroll, Jon Kroll, Karen Kroll Kroll, Karen, Kroll, Warren Buffett Organizations: New Zealand, U.S, FIFA, WellingtonNZ, Wellington Locations: New Zealand, Wellington, Australia, LA, Los Angeles, Wellington , New Zealand
Reddit's cofounder Alexis Ohanian said most successful CEOs regret missing out on family time. Ohanian and his wife Serena Williams have a five-year-old daughter and are expecting another child. Reddit's cofounder Alexis Ohanian recently took to X – formerly known as Twitter — to share his thoughts on some of the downsides of being a successful CEO. He wrote: "Do you know the ONE thing I keep hearing from the most successful CEOs? The tech boss and his wife, pro tennis player Serena Williams, have a five-year-old daughter together Alexis Olympia Ohanian Jr.
Persons: Alexis Ohanian, Ohanian, Serena Williams, Bill Gates, overworking, X, I'd, Alexis Olympia Ohanian Jr, they're Organizations: Morning, Northern Arizona University, Microsoft
Quiet quitters and grumpy stayers grabbed headlines, but other workplace trends are gaining steam. More recently, "quiet thrivers" and "loud laborers" have been enjoying their time in the spotlight. Now, new trends such as "quiet thriving," "loud laboring," and "lazy girl jobs" are picking up steam. 'Loud laboring'"Loud laborers" sit among quiet quitters and grumpy stayers in modern workplaces. Dubbed the noisier cousin of quiet quitters, you are more likely to find "loud laborers" discussing their work rather than actually getting on with it.
Persons: stayers, Lesley Alderman, Insider's Sawdah Bhaimiya, Alderman, it's, demotivated, Nicole Price, TikToker Gabrielle Judge, Marc Cenedella Organizations: Service, LinkedIn, CNBC Locations: Wall, Silicon, Washington
"Loud laborers" have been dubbed the noisier cousins of quiet quitters. You may be working with "loud laborers." "Loud laborers" have been dubbed the noisier cousins of quiet quitters, workers who refuse to bend to the level of overworking expected in corporate America. More recently, Nicole Price, a leadership coach and workplace expert, also discussed "loud laborers." She said: "Loud laborers are often quite politically savvy and are very active on professional social networks, where they publicize their tasks and achievements."
Persons: André Spicer, Spicer, Nicole Price, Price Organizations: CNBC, Service, Bayes Business, The Guardian, Guardian, Workers Locations: Wall, Silicon, America
Thakor, a certified financial planner and a chartered financial analyst who has an MBA from Harvard, wants to help people shed work addiction and "self-sabotaging beliefs and habits around money, careers [and] accomplishments." And you feel almost compelled in a subliminal, toxic way to keep chasing after these things. ATS: Can you explain the Buddhist concept of the hungry ghosts and how it's connected to the feeling of "never enough?" My argument is that it's because people are experiencing the symptoms of a society that's been built on this false belief that the answer to our collective angst is pursuing more money, work and more prestige. Those things turn us into hungry ghosts because they have no finish line — you can never get enough of them.
Persons: Manisha Thakor, Ana Teresa Solá, it's, they're, Organizations: Getty, World Health Organization, International Labour Organization, Harvard, Finance, Workers, Bank of America, ATS Locations: overworking, U.S
Her company requires everyone to take 3 weeks of vacation during the summer. The temptation to check work messages on vacation is even difficult for Lene Vindenes, 28, who lives in Oslo, Norway, and works as a social media manager. Her company guarantees 25 paid vacation days per year, and she's required to take three weeks of vacation during the summer between June and August. She admits it's "really hard" to not check email when she's off the clock, and coming back from weeks away is "always overwhelming." Vindenes makes sure to have a clear and realistic plan for wrapping things up before she's away.
Persons: Lene Vindenes, Vindenes Locations: Norway, U.S, Oslo, Europe
Workers said they're using ChatGPT to write blogs, manage emails, and fine-tune contracts. Amid the gloomy projections, however, some workers are finding ways to make the potentially job-stealing tools work for them. Nick Patrick, who owns the music production company Primal Sounds Productions, said he used the bot to create contracts and help write social posts. He said he'd been using the chatbot to write blogs, emails, and for idea generation among other things. Using ChatGPT saved him about three to four hours per client.
Persons: Nick Patrick, it's, Patrick, Nick Patrick ., he's, he'd, ChatGPT Organizations: Workers, Morning, Primal Sounds Productions Locations: ChatGPT
TikTok has become a popular place for employees to vent and share tips for navigating the workplace. Data from project management software firm Workamajig revealed the prevailing workplace trends. From quiet quitting to Bare Minimum Mondays, these are the top 10 workplace trends on TikTok. "Quiet quitting and other growing trends emerged post-pandemic as a response to the hustle culture (which glorified overworking)," Esther Cohen, the director of marketing at Workamajig, said in an email to Insider. Together, the top 10 workplace trends on TikTok this year have racked up more than a billion cumulative views.
Persons: TikTok, Workamajig, , Esther Cohen, Zers, it's, Cohen Organizations: Service Locations: Workamajig
Nichole Maffey worked in startups for nearly a decade but got her first corporate job this month. Despite the negative connotation of corporate work, she said it's saving her mental health. Startups drove me to embrace the hustleI began my startup career right out of college and have ranged from the ninth hire to the 30th. My roles gave me opportunities to learn at a much faster rate than a siloed, corporate job would have because I was part of so many projects at once. This is just one example: In eight years of working, I'd never been onboarded before this corporate job.
At the time, back in 2018, a New Zealand firm had just wrapped up a landmark trial to test the efficacy of a four-day workweek. A lot of the benefits of the four-day workweek come down to a simple, everyday activity: sleep. A lot of the benefits of the four-day workweek come down to a simple, everyday activity: sleep. Less time, more productiveThough the four-day workweek may seem like a recent phenomenon, it's been decades in the making. But for now, the four-day workweek certainly has the potential to be a far-reaching antidote to pressing workplace concerns such as mass resignations and the burnout crisis.
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