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The "Great Regret" is the latest workplace trend to sweep the nation, with the majority of professionals who quit their jobs last year wishing they could get a do-over, according to a new survey. Now, 8 out of 10 professionals who left their jobs regret their decision, a new Paychex study finds. Paychex surveyed 825 employees who quit during the "great resignation" and 354 employers to analyze the impact of the quitting spree and gauge employees' job satisfaction. They found that mental health, work-life balance, workplace relationships and the chance to get rehired all suffered as a result. "Despite satisfaction with mental health and work-life balance influencing many resignations, only about half of respondents from our survey said they are satisfied with their mental health (54%) and work-life balance (43%) in their new workplace.
Professionals deal with work stress in many different ways, from morning walks to motivational mantras. But many people don't know that breathing exercises can also help regulate stress, release anger and reduce anxiety. And according to Zee Clarke, author of Black People Breathe and mindfulness & breathwork expert for BIPOC communities, they can also help professionals mitigate workplace burnout. According to Clarke, the squeeze and release technique is great for lessening that tension and releasing anger. This stress release practice takes less than a minute to do and helps combat anxiety.
On Jan. 11, Monique Rodriguez, founder and CEO of multi-million-dollar natural hair care brand Mielle Organics, announced she had sold her company to P&G Beauty, sending Black Twitter into a frenzy. "I don't wanna hear nothing about supporting Black businesses because the second Black companies get all the support they need from the Black dollar they hand everything over to the person with the biggest check," said one Twitter user. Some would consider selling your company — often for millions — to be a major accomplishment, but Black founders are continually scrutinized by their peers and customers for making this choice. However, when Dennis sold the brand to Unilever in for an estimated $1.6 billion, he was called a sellout. "If there were Black conglomerates, and Black, big, private equity firms and partnerships that allowed them to inject capital and allow us to grow, we would go to those Black companies," Rodriguez says.
And that's the way I felt when I was working in corporate, is that the DEI initiatives were not for me. According to Clarke, these are the things companies got wrong in 2022, and ways to fix them in 2023:Not providing the support — or budget — for DEI plans to thrive. There's all these layoffs and leaders have to make budget decisions, and DEI got deprioritized," Clarke says. If companies don't prioritize DEI efforts by providing actual support, Clarke believes things won't change. How many companies have hired a Chief Diversity Officer and then didn't give them a budget or a robust team?
Since 1754, Columbia University has had a male president — but that's about to change. The University announced Wednesday that Nemat (Minouche) Shafik, a leading economist and author, will become its 20th president and first woman leader. In an announcement from Columbia's Board of Trustees, Shafik was praised for her character and dedication to sparking change. By age 36, Shafik had become the youngest-ever vice president of the World Bank in the 1990s. "I feel like, if I had looked all over the world for the best person to next lead Columbia, I would have chosen Minouche Shafik," Bollinger said in a statement.
And since the awards began in 2009, only two companies have made the cut every year: Bain & Company and Google. This year, Bain & Company ranked third on the Best Places to Work list, behind Gainsight and Box. Top review highlights on the platform show that Bain & Company boasts "great teams, benefits, people, colleagues, and culture." White and Asian workers rated Bain & Company 4.7 stars out of five, while Black employees gave the firm 4.4 stars. On the other hand, employee reviews on Bain & Company also cite a lack of work/life balance.
For years, Apple and Meta have been deemed the creme de la creme of tech companies, with employees raving about their culture, values, benefits and perks. As Glassdoor releases its 100 Best Places to Work report of 2023, both companies are absent from the list. To determine the list, Glassdoor analyzed anonymous reviews posted by employees on the platform. Daniel Zhao, a lead economist at Glassdoor, says Apple and Meta's absence from this year's list is "pretty striking." This drop off has made way for newcomers to join the Best Places to Work List, including Spotify, the Lego Group, and Gainsight.
Last week, Avatar: The Way of Water surpassed $1 billion in ticket sales, making it the second-highest-grossing film of 2022. But Indigenous people's recent calls for a boycott have stopped some people from tuning in. A tweet with over 40,000 likes called on viewers to not support the "horrible and racist" film, saying that it appropriated Native and Indigenous cultures in a "harmful" manner. The tweet author urged people to show their support for marginalized communities by donating to Black and Indigenous relief funds and amplifying Indigenous voices instead. Though Cameron has drawn inspiration from Native American groups for the Avatar franchise, most of the actors in the films are non-indigenous.
The 39-year-old founded Mielle Organics, a natural hair care brand, in 2014 after a devastating loss reshaped life as she knew it. At the time, Rodriquez had an almost decade-long career in nursing, a field her family reassured her was "recession-proof." Here's how Rodriquez navigated funding as a Black woman and the best career advice she's ever received. Yet, only 3% of Black women were operating mature businesses, indicating systemic discrimination in VC and funding — something that Rodriquez knows all too well. "Being a Black woman starting a company, the banks don't believe in you.
Many businesses are struggling right now, with inflation woes and mass layoffs making headlines in recent weeks. But that hasn't stopped employees from expecting holiday bonuses. This year, companies that don't offer bonuses may lose talent, says Joe Mercurio, a representative from Skynova. "With job openings outnumbering job seekers 2 to 1, employees have the power and expect to be rewarded for their performance and loyalty." Here's how likely employees are to get holiday bonuses this year — and what they could be receiving instead.
These circumstances have left many Americans unsure about the future of their careers – but Fana Yohannes is dedicated to changing that. Through her Instagram account, Here2Help, Yohannes is providing access to mentorship, networking opportunities, and resume advice to over 4,000 followers. She launched Here2Help in May 2020 as a response to the surge of layoffs caused by the pandemic. For example, I'm able to onboard so many mentors and mentees because I'm very precise in the directions that I'm writing in a post. "All of the learnings that I'm able to see from Here2Help as it comes from being a social media manager, I'm able to apply it to my day-to-day job."
As a child, the 39-year-old recognized that professional and educational opportunities for young, Black boys weren't very accessible, unless you were well connected. Brandon Nicholson, foundign executive director at The Hidden Genius Project, engaging with students. On Dec. 2, The Hidden Genius Project hosted a grand opening ceremony for their new headquarters in Oakland, Nicholson's hometown. Brandon Nicholson, founding executive director of The Hidden Genius Project, speaking at the rgand opening of their new headquarters. "The opportunity to lead The Hidden Genius Project was more intriguing, but honestly what precipitated the pivot was largely my inability to land a corporate role in the social impact/social responsibility space.
The new job opportunity was at Novum, a pharmaceutical research company, and after being out of work for several months, Baustert, an HR director, was elated to reenter the workforce. However, when a "concerning" check arrived in the mail, she knew it was too good to be true. "After doing my research, I found out they were a legit, good company." After receiving a follow-up letter asking to set up an interview, Baustert agreed. She downloaded RingCentral, a video conferencing and messaging app, at the interviewer's request and seemingly had a good interview.
History has been made at Harvard University, as Claudine Gay becomes the first person of color — and second woman — to be named president of the school. The university reports that for the last 16 years, Gay, 52, has taught government and African and African American Studies. in economics from Stanford University with honors and distinctions before earning her PhD at Harvard in 1998. Her appointment further upholds the university's commitment to diversity, equity, inclusion and belonging (DEIB). According to the Harvard University website, 15.2% of the admitted class of 2026 identify as African American — an increase from just 12.7% in 2020 — 27.9% identify as Asian American and 12.6% identify as Hispanic or Latino.
As the trend toward pay transparency continues, companies across the nation are starting to include salary ranges in their job postings – but there are some industries and organizations that lead the pack. According to recent research from Adzuna, a job search engine, the best industries for pay transparency are charitable jobs and trade/construction jobs. Adzuna also found the worst industries for salary transparency – only 1% of job postings in the travel industry include pay ranges, and retail jobs ate the least transparent at 0.5%. Paul Lewis, chief marketing officer at Adzuna, says that the fallout from trends like the Great Resignation prompted these industries to increase salary transparency as a means to attract more workers. Based on Adzuna's findings, these are the 5 best companies for salary transparency as of November 2022:1.
The report, which reviewed data on laws governing annual statutory paid leave and paid public holidays in 197 countries, found that the United States is the second worst country for paid vacation days. NigeriaContinent: AfricaTotal Paid Vacation Days: 17According to van Rijswijk, the U.S. also falls short in the paid leave department. Though most countries have a norm of 4 weeks of paid leave, the U.S. is the only "developed country with no statutory paid leave." For employees vying for more paid vacation days or paid leave, van Rijswijk recommends advocating for yourself by expressing your needs with leadership. "Another way countries with the least paid vacation days can push for change is by putting pressure on government groups and representatives.
According to new research from Glassdoor, in September 2017, 27% of companies reviewed on the site indicated corporate investment into DEI programs like Employee Resource Groups. Access to DEI programs surged to 39% in 2020 before peaking to 43% in 2021. Where are DEI programs thriving? Young people have been very vocal about their desire to work for companies that care about diversity, equity, and inclusion — and Glassdoor reviews prove it. Black women, and people of color collectively, are also more likely to say diversity, equity, and inclusion are important than their white counterparts.
While some thrive in the C-suite, many women of color experience bouts of self-doubt, burnout and even impostor syndrome in their executive roles. CNBC Make It sat down with four diverse women in the C-suite to learn more about their individual experiences being leaders in the workplace. Lisa LewinCEO, General AssemblyLisa Lewin, CEO Lisa LewinLisa Lewin, CEO at General Assembly, is no stranger to the lack of representation at the executive level. Chelsea C. WilliamsFounder and CEO, Reimagine Talent Co.Chelsea C. Williams, founder and CEO of Reimagine Talent Co. Reimagine Talent Co.Chelsea C. Williams founded and funded her business Reimagine Talent Co., a workforce development and talent retention firm, all on her own while still in her 20s. To help fight feelings of inadequacy at work, Williams recommends finding a therapist or "mindset coach."
According to Fana Yohannes, communications lead at Instagram and founder of Here2Help, a job search and mentorship community, reentering the workforce after a layoff can be tough at first, but entering "preparation and planning mode" is a key step to bouncing back. "Not only are there so many talented people who are considered free agents in this tech industry right now. "During the [2008] recession, the social media tools we have now didn't really exist," Yohannes explains. By searching keywords on these platforms, such as "layoffs," "job search help," or "networking opportunities," people can find posts and groups that'll meet their needs. "LinkedIn is kind of like our first go-to platform when it comes to professional networking," Yohannes explains.
As a combat-decorated former Navy SEAL, Marty Strong spearheaded combat missions and helped create special operations capabilities during his 20 years in uniform. And though Strong left the military decades ago, he still employs the strategies he learned to excel in business today. And you do that through training programs. But you have to also follow up on all those training programs with coaching, and eventually, mentoring programs." As a SEAL, Strong says being curious and "nimble" helped him problem-solve and create solutions for complex problems in the force.
A recent report from Price4Limo, an event transportation company, found that being laid off after a corporate party isn't as uncommon as some may think. After surveying over 1,000 corporate Americans who've attended an office party in the past year, Price4Limo found that 14% of survey respondents say their jobs were terminated shortly after an office party, losing an average salary of $60,597.36. Price4Limo's report shows that 35% of respondents report having strained relationships with colleagues after a work party. On the flip side, practicing office party etiquette can have some benefits, like connecting with others in a more organic setting. "Whether it's co-workers, managers, or clients, the office party is a great time for networking."
However, professionals must practice good office party etiquette to ensure they don't jeopardize their relationships or jobs. "Whether it's co-workers, managers, or clients, the office party is a great time for networking." Unfortunately, 14% of survey respondents say their jobs were terminated shortly after an office party, losing an average salary of $60,597.36. "Breaking company property and kissing your boss were the least acceptable behaviors at an office party," Kirsch says. "Even if you have friends at work, you're not in a personal space, you're in a professional space," she explains.
The majority of work conferences have taken place virtually during the last two years. "The future of work will be hybrid," Laysha Ward, executive vice president and chief external engagement officer at Target, told CNBC Make It's Jennifer Liu. Whether your next conference is in person, online or both, there are some things you can do to ensure you make the most of the opportunity. CNBC Make It spoke with Dr. Kortni Alston, a workplace wellness coach and happiness scholar, and Patrice Williams Lindo, CEO of Career Nomad, a career consulting firm, to find their best tips for navigating work conferences. Having digital work samples and business cards are also a great way to make your time with someone memorable.
And now more than ever, allyship is crucial to the success and comfortability of diverse professionals in the workplace. According to Megan Hogan, chief diversity officer at Goldman Sachs, being a true ally to your peers is all about authenticity and longevity. EngageBeing a true ally starts with being aware and knowledgeable about the perspectives and experiences of people from diverse groups. "When we think about seeking out diverse perspectives, asking people open-ended questions about their experience and how they've navigated the world differently, potentially based on their backgrounds, is the first step." These are everyday acts of allyship that are quite practical and make sure that people feel included."
However, the majority of states still haven't risen to the occasion, and as the call for pay transparency continues, job seekers have started taking matters into their own hands by rejecting offers. Furthermore, Adzuna found that job seekers wasted ample time applying for roles that ended up not meeting their salary goals. "Our survey showed that over the last five years alone, U.S. workers have wasted over 480 million hours applying for jobs with the wrong salary," says Paul Lewis, chief marketing officer at Adzuna. "Learn about the role first so you've got a good understanding of what should be on the table before stepping into that conversation about pay," Lewis explains. And that shouldn't be a difficult conversation," Lewis says.
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