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☆ The gap between AI expectations and outcomes in the workplace are wide
▼ + stars: | 2024-08-09 | by ( Cate Tarr | Special To Cnbc.Com | ) www.cnbc.com time to read: +2 min

Despite companies' high expectations for productivity gains from generative AI technology, workers are finding far different results when those tools are added to their jobs. Nearly all of C-suite leaders — 96% — polled in an Upwork Research Institute study in July said they expect the use of gen AI tools to increase their company's overall productivity levels. More than 75% of employees said gen AI tools have even decreased their productivity and added to their workload. Meanwhile, companies are also increasing their spending on new AI tools. Finding a better way of matching executive expectations and worker outcomes is critical if companies want investments in generative AI to pay off.

Persons: Joe Atkinson, Atkinson Organizations: Research, CNBC Technology, PwC

☆ You're more productive in the office, say elite CEOs. Data seems to back them up.
▼ + stars: | 2023-09-03 | by ( Tom Carter | Beatrice Nolan | ) www.businessinsider.com time to read: +7 min

The idea of permanent remote work is slipping away. After almost three years of relaxed work-from-home policies, CEOs are starting to drag their remote employees back to the office most days of the week. The remote work genie is out of the bottleInfluential remote work researchers, including Stanford researcher Nicholas Bloom, have been backing a flexible, hybrid approach as the way forward. Bloom previously told Insider that well-organized hybrid work is a "win-win" for companies and workers. AdvertisementAdvertisementEveryone else Insider spoke to agreed, though some said even hybrid was likely less productive than being fully in the office.

Persons: Goldman Sachs, Michael Gibbs, They've, Mark Zuckerberg, Andy Jassy, Gibbs, David Atkin, Raj Choudhury, Atkin, Ipsos, " Choudhury, Nicholas Bloom, Bloom, Choudhury, We'll, WFH, Jose Maria Barrero Organizations: Meta, Service, Companies, University of Chicago, Harvard Business School, National Bureau of Economic Research, MIT, Employees, The Washington Post, Stanford, WFH Locations: Wall, Silicon, Indian, Chennai

☆ Point of no return: Australians fight for the right to work from home permanently
▼ + stars: | 2023-08-01 | by ( Byron Kaye | ) www.reuters.com time to read: +6 min

You can actually finish work at five, rather than finishing at five spending 45 minutes trying to get home." When you have a jolt, you never return to the way the world was," said John Buchanan, head of the University of Sydney's Health and Work Research Network. That same week, the public sector union struck a deal the which lets Australia's 120,000 federal employees request work-from-home an unlimited number of days. By comparison, Canada's federal workers ended a two-week strike in May with a wages agreement that came without the WFH protections they wanted. Among employees with WFH experience, 19% wanted to return to the office full-time, the survey found.

Persons: David Gray, SYDNEY, Nicholas Coomber, Coomber, Jamie Dimon, Elon Musk, John Buchanan, We're, Jones Lang Lasalle, Melissa Donnelly, WFH, Mathias Dolls, Jim Stanford, Stanford, Byron Kaye, Miral Organizations: REUTERS, JPMorgan Chase, Twitter, University of Sydney's Health, Work Research, Commonwealth Bank of Australia, National Australia Bank, NAB, European Union, Community, Public Sector Union, CBA, ifo, Macroeconomics, Stanford University, Workers, Centre, Australia Institute, Thomson Locations: Melbourne, Southbank, Australia, New Zealand, Tokyo, New York, JLL.N, Hamburg

☆ The class of 2023 wants jobs that match their personal values and interests, even if it means less money
▼ + stars: | 2023-04-29 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +7 min

Today's college grads want work that speaks to their values and interests. Today's availability of jobs mean Gen Z can afford work that pays less. Not to mention, the rise of remote work means "you're not forced to live in the most expensive city," Krembs said. Companies are struggling to appeal to Gen ZJust after Gen Z started graduating from college and entering the workforce, large companies started making progressive commitments. Perhaps unsatisfied with the big companies on offer, Gen Z is taking on side hustles and freelancing to work towards their values and interests.

☆ How the U.S. labor market went from 'quiet quitting' to 'quiet hiring'
▼ + stars: | 2023-02-06 | by ( Anuz Thapa | ) www.cnbc.com time to read: +1 min

This year there's a new vogue practice — "quiet hiring." "Quiet hiring is one of several trends that we've identified as potentially having a major impact in 2023 for the future of work,'" says Emily Rose McRae, who leads Gartner's future of work research team. And companies are starting to turn to quiet hiring to trim costs ahead of a potential economic downturn. "One way of potentially doing that is what has been called quiet hiring." Watch the video above to find out more about the concept of quiet hiring and its potential impact on the job market and the overall economy.

☆ 'Quiet hiring' could mean more contract positions: 7 in-demand roles paying from $16 up to $48/hour
▼ + stars: | 2023-01-26 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

Average hourly pay: $18Customer service representativeCustomer service representatives reach out to potential customers in person, online or over the phone. Average hourly pay: $23Project managerProject managers spearhead projects for their companies including their organization, planning and execution. Average hourly pay: $38Business analystBusiness analysts survey data about their company or clients to come up with recommendations for reducing costs, increasing revenue and so on. Some positions may require a bachelor's degree and many require extensive experience. Average hourly pay: $40Sales director

☆ Disney and Starbucks are forcing employees back to the office, but your company is unlikely to be next
▼ + stars: | 2023-01-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Disney and Starbucks are requiring employees to return to the office more often. Even in a recession, many companies would likely stick with their remote working arrangements. Last week, Disney announced that beginning March 1st, hybrid workers will be required to return to the office four days per week, a shift from the company's previous three-days-a-week policy. First, Bloom said remote work "keeps employees happy" and could help companies retain and attract talent as a result. Third, Bloom said his research has found that a hybrid work environment increases productivity.

☆ How to use ‘quiet hiring’ to your advantage for a raise or promotion in 2023
▼ + stars: | 2023-01-16 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

Now, a new catchphrase has entered the chat: "Quiet hiring." Quiet hiring isn't an entirely new concept, but more companies are learning into this trend to fill jobs given the ongoing talent shortage and fears of a potential recession, McRae explains. What's more, 63% of workers view quiet hiring as an opportunity to learn new professional skills. Even though it might seem like companies stand to gain the most from quiet hiring, employees can leverage this trend for their own benefit — you might even secure a raise or promotion for yourself. Understand where the opportunities areSome companies might make an announcement about needing employees to pivot roles, but oftentimes, quiet hiring happens at a lower level.

☆ ‘Quiet hiring’ will dominate the U.S. in 2023, says HR expert—and you need to prepare for it
▼ + stars: | 2023-01-04 | by ( Natasha Piñon | ) www.cnbc.com time to read: +3 min

A new year is here, and with it, a new workplace phenomenon that bosses and employees should prepare for: quiet hiring. Sometimes, it means hiring short-term contractors. Quiet hiring is all about that third category, even if it doesn't technically involve any new hiring at all. Alternatively, companies with few movable employees can hire short-term contractors to help keep things afloat throughout the year, which McRae refers to as "external quiet hiring." How to take advantage of quiet hiring

☆ I quit my warehouse job after starting an Etsy side hustle that made $67,000 in profit in 10 months. Here's how I escaped the 9-to-5 grind.
▼ + stars: | 2022-12-21 | by ( Robert Pene | ) www.businessinsider.com time to read: +6 min

I tried launching side hustles before, but my Etsy store was differentMy side-hustle journey wasn't easy. From wood crafts to embroidery, I was open to starting an Etsy store for anything, and I was constantly brainstorming, watching YouTube videos, and reading blogs by successful Etsy sellers. I started working overtime in January to save up money to put into my Etsy store. I knew customer service was something I could control and use to differentiate my store, so I committed to providing the best customer service. Prioritizing customer service helped me gain an audience quicklyMay was the first month my business was open.

But it is spreading across finance, energy, retail and aviation, threatening to push up labour costs in industries facing supply-chain bottlenecks and worker shortages. The turmoil is especially pronounced because union power was curtailed in Australia under laws in place since the 1990s. In the year to June, the average Australian wage rose 2.6%, compared with inflation of 6.1%, according to official data. Despite seven interest-rate hikes since May, inflation is set to climb further before subsiding in 2023, the government says. But in the current climate in Australia, workers are in no mood to back down.

☆ Ericsson to invest in 6G network research in Britain
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +1 min

LONDON, Nov 22 (Reuters) - Network equipment maker Ericsson (ERICb.ST) will invest millions of pounds in 6G mobile research in Britain, it said on Tuesday, working with universities on hardware security, AI and cognitive networks and quantum computing. The Swedish company, which supplies 5G gear to all four British mobile networks, said the 10-year initiative would help to drive development of next-generation 6G networks, which are expected to be commercially available about 2030. Ericsson's UK and Ireland CEO Katherine Ainley said that British universities are performing world-beating research in some of the technologies that would underpin next-generation networks. The new group will complement Ericsson's 17 existing research sites in 12 countries, she said. Reporting by Paul Sandle Editing by Kylie MacLellan and David GoodmanOur Standards: The Thomson Reuters Trust Principles.

Instead, data and child welfare experts suggest the changes may have done the opposite. State child welfare officials say more vigilance in documenting severe cases of abuse likely contributed to the increase. Child welfare experts say these findings cast doubt on the effectiveness of the primary tool that states rely on to protect children: mandatory child abuse reporting. These policies, the bedrock of America’s child welfare system, were first implemented more than half a century ago in response to growing national awareness of child maltreatment. “We are continuing to tell mandated reporters, ‘Report, report, report,’ and nobody can handle it,” Berger said in an interview.

☆ The pivot to remote work accounted for 60% of the US home-price surge, study says
▼ + stars: | 2022-09-28 | by ( Alcynna Lloyd | Ben Winck | ) www.businessinsider.com time to read: +4 min

The shift to remote work fueled 60% of the pandemic-era home price rally, a new Fed study found. For every percentage point that remote work increased, home values rose 0.9 points, the researchers found. Remote work increased to 16 percentage points from November 2019 to November 2021, according to the study. That implies that remote work alone lifted home prices 15% over that period, and accounted for more than 60% of the overall increase in home values. "This is especially true when we look at the geographical implications of remote work.

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