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☆ Retirement Crisis: Boomers Need to Work Longer, No One Will Hire Them
▼ + stars: | 2024-06-18 | by ( Ann C. Logue | ) www.businessinsider.com time to read: +10 min

In order to avoid economic catastrophe, he argued, people should save more money and work longer. The current Social Security retirement age is 67, but most Americans depart the workforce earlier than that. For one, many older people cannot work because of a disability or because they need to care for someone else with a disability. And some older workers have heard all the corporate buzzwords and blather before, so they don't buy into management's sloganeering, rendering them "difficult." He's asking people who have not yet retired to work longer than their elders did and to save even more money, without changing the systematic barriers to either.

Persons: Larry Fink, behemoth BlackRock, Fink, Daniel Ross, Ross, he's, Emily Dickens, SHRM's, We've, Stacie Haller, Patrick Button, Button, ResumeBuilder.com, Gen, we've, Mother Jones, Lilly Organizations: Social Security, Lawyers, Society, Human Resources Management, US Chamber of Commerce, Tulane University, IBM, Employment, Commission, Scripps Medical Clinic, Employers Locations: Down, Texas, Austin, San Diego

☆ The retirement Catch-22
▼ + stars: | 2024-06-18 | by ( Ann C. Logue | ) www.businessinsider.com time to read: +10 min

The current Social Security retirement age is 67, but most Americans depart the workforce earlier than that. Instead of making it easier for Americans to save for retirement and work as long (or as short) as they want, Fink is setting up a catch-22: The economy needs aging Americans to work longer, but many companies simply don't want them. One of Button's studies looked at "bridge jobs , " part-time jobs in administration or retail that many people use to ease into retirement and cushion their finances. The same year, Scripps Medical Clinic in San Diego was ordered to pay $6.9 million for setting a mandatory retirement age for physicians of 70, regardless of the doctors' interest or abilities. And some older workers have heard all the corporate buzzwords and blather before, so they don't buy into management's sloganeering, rendering them "difficult."

☆ Remote Employees Are More Likely to Get Laid Off; WFH Is Risky
▼ + stars: | 2024-02-15 | by ( Emily Stewart | ) www.businessinsider.com time to read: +7 min

Executives at the online furniture retailer Wayfair told its staff in January that remote workers were likelier to be hit in its latest round of job cuts. Add in long-term trends, like the decline in loyalty between employers and employees , and it's no wonder remote workers feel anxious about cuts. “It’s not too surprising,” Peter Cappelli, a management professor at the Wharton School who has never been a big fan of remote work, said. “That is something remote workers should be thinking about as they’re engaging with supervisors,” she said. Remote workers aren’t doomed to the unemployment line, but they may want to try a little extra to get noticed.

Persons: Wayfair, ”, Dell, Goldman Sachs, “ It’s, ” Peter Cappelli, “, Nick Bloom, ” Bloom, Emily Dickens, ” Prithwiraj Choudhury, ” Joseph Fuller, pang, Emily Stewart Organizations: IBM, Reuters, Google, Wharton School, Stanford, Society for Human Resource Management, Harvard Business School, Employers, Workers, “ Workers, Staff, Business

☆ New York City Delays Enforcement of AI Bias Law
▼ + stars: | 2022-12-13 | by ( Richard Vanderford | ) www.wsj.com time to read: +3 min

New York City is delaying the enforcement of a law requiring bias audits of artificial intelligence systems used in hiring, following questions from industry over the specifics of how in practice the groundbreaking legislation would apply. The move comes after an outpouring of concern among businesses, AI vendors and professional firms about how exactly they could comply with the city’s law. Detractors have expressed concern that the use of AI tools could inadvertently apply prejudices at scale to the recruitment process. Proponents, though, have argued that AI systems used in hiring could ultimately be fairer and more transparent than human resources staff, who can bring their own biases to the job. The scrutiny of AI tools is good, but should be balanced, said Emily Dickens, head of government affairs for the Society for Human Resource Management.

☆ Railroad workers aren't the only Americans without paid sick leave
▼ + stars: | 2022-12-01 | by ( Tami Luhby | ) edition.cnn.com time to read: +6 min

The US does not have a national standard on paid sick leave, a rarity among industrialized nations. “The most disempowered workers – who are low-wage workers – don’t have an opportunity to demand paid sick leave from their employers,” he said. Railroad workers’ battleWhile the vast majority of union members have paid sick days, the freight railroad workers do not. Meanwhile, a growing number of states, cities and counties have been enacting paid sick leave laws in recent years. Advocates see the railroad workers’ battle as an opportunity to renew interest in expanding the availability of paid sick leave.

☆ New York’s Landmark AI Bias Law Prompts Uncertainty
▼ + stars: | 2022-09-21 | by ( Richard Vanderford | ) www.wsj.com time to read: +7 min

“If you are an organization that’s using some type of these tools…it can be pretty confusing.”The city law will potentially impact a large number of employers. New York City in 2021 had just under 200,000 businesses, according to the New York State Department of Labor. AI technology can help businesses hire and onboard candidates more quickly amid a “war for talent,” said Emily Dickens, SHRM’s head of government affairs. Which is scary,” Ms. Zuloaga said, adding that she supports the scrutiny AI systems have started to receive. Some critics have argued the New York law doesn’t go far enough.

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