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☆ Opinion: Employers should stop caring so much about college degrees
▼ + stars: | 2022-10-13 | by ( Ryan Roslansky Byron Auguste For Cnn Business Perspectives | Ryan Roslansky | Byron Auguste For Cnn Business Perspectives | ) edition.cnn.com time to read: +5 min

Employers are more open to new ways of finding and evaluating job candidates, and those that move swiftly in this direction will build more resilient teams. Broader talent poolWhen employers use degrees as a proxy for skills, they miss out on half of the workforce, as Opportunity@Work’s research has shown. LinkedIn data suggests that certain industries – like professional services, finance and tech – are some of the hardest sectors for workers without bachelor’s degrees to break into. It can also spur greater diversity, since 61% of Black workers, 55% of Hispanic workers, 66% of rural workers and 61% of veteran workers have in-demand skills but not bachelor’s degrees. Recognizing the diverse ways skills are acquired and adopting a skills-first approach to talent will bring greater transparency, efficiency and equity to the labor market, making it easier for anyone from anywhere to achieve anything.

☆ Americans have largely avoided health care inflation so far – but that’s about to change
▼ + stars: | 2022-10-13 | by ( Tami Luhby | ) edition.cnn.com time to read: +6 min

About 155 million Americans have work-based health insurance, the largest source of coverage by far, according to the Kaiser Family Foundation. Delayed impact of inflation on health careWhile the cost of gas, food and other essentials can change quickly based on inflation and market conditions, health care operates differently. In fact, health care costs are bucking their own typical trend. Workers are projected to shell out an average of 2.6% more for health care this year, compared to 2021, Aon calculated. Increases expected to continueNext year will only be the start of an extended period of increased health care costs, experts said.

☆ Souring Economy Gives Tech Freelancers a Lift
▼ + stars: | 2022-10-12 | by ( Angus Loten | ) www.wsj.com time to read: +5 min

Like most companies, he said, it enlists freelancers with specific skills across a range of capabilities, including AI and analytics. “The pandemic and, more recently, the turbulence in the economy, spurred demand for greater labor flexibility both among employers and workers,” Mr. Herbert said. Sebastián Siseles, a vice president at Freelancer.com, said freelance work also allows IT job seekers—especially younger workers—to reduce the risk of being dependent on a single employer. By adapting to remote work during the pandemic, employers “opened the window” to hiring more freelancers, Mr. Siseles said. Many tech-enabled companies such as Uber Technologies Inc., Lyft Inc. and DoorDash Inc., which rely heavily on gig workers, have opposed similar efforts in the past.

☆ Here’s what a new Biden administration labor proposal would mean for independent contractors
▼ + stars: | 2022-10-11 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Rudi_suardi | E+ | Getty ImagesThe Biden administration will soon issue a rule that may make it easier for workers to be considered "employees" instead of "independent contractors." Misclassification of workers as independent contractors — also known as freelancers or the self-employed — instead of employees is happening across many industries, like construction, health care, restaurants, retail and transportation, Labor Department officials said Tuesday. Employers may benefit financially by classifying their workforce as contractors instead of employees. These companies often classify gig workers as independent contractors. Federal action would especially be a boon to "low-wage, vulnerable workers," Labor Department officials said.

☆ Tighter IT Budgets Hit Global Laptop, PC Shipments
▼ + stars: | 2022-10-10 | by ( Angus Loten | ) www.wsj.com time to read: +4 min

Global shipments of desktop and laptop computers fell in the third quarter by a record 18% on a year-over-year basis to a total of 69.4 million units, according to market research firm Canalys. International Data Corp., a technology industry research firm, reported similar declines in third-quarter consumer PC sales. The firm is expected to report commercial PC sales next week, said IDC research manager Jitesh Ubrani. On Monday, Gartner said laptop demand among large enterprises fell sharply in the third quarter, while overall global PC sales saw their steepest decline in over two decades, Gartner said. In the third quarter, worldwide shipments of personal computers dropped 19.5% from a year ago, Gartner reported.

☆ California job-seekers will soon see salary ranges on job postings
▼ + stars: | 2022-09-28 | by ( Jennifer Liu | ) www.cnbc.com time to read: +6 min

California job postings will soon include pay ranges, thanks to a new salary transparency bill signed into law by Gov. The move makes California the largest state where job listings will require salary information by law. In California, women are paid roughly 88 cents for every dollar paid to a man, with the gap increasing for women of color. Reporting pay data based on job and demographic background can help uncover occupational segregation that employers may not be aware of. Previous California law already requires companies with 100 or more direct-hire workers submit job and demographic data for those workers.

☆ Papa John's is the latest employer to offer free college for frontline workers
▼ + stars: | 2022-09-28 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

In this article CTRN Follow your favorite stocks CREATE FREE ACCOUNTwatch nowIn a war for talent, employers are drastically expanding their benefit offerings to attract and retain workers. More from Personal Finance:Inflation and higher rates are a ‘dangerous mix’Companies are slashing parental leave benefitsHere are the 'most employable' college degrees "Wherever you can differentiate yourself is pretty critical," said Marvin Boakye, Papa John's chief people and diversity officer. Now, nearly half, or 48%, of employers said they offer undergraduate or graduate tuition assistance as a benefit. "We're seeing it shift a little in how they are thinking about attracting talent," according to Buban. "The majority of our leadership team were delivery drivers and moved up through the organization," Papa John's Boakye said.

☆ Companies cautious on holiday hiring plans in face of growing recession fears
▼ + stars: | 2022-09-28 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

New York CNN Business —Employers seem poised to pull back on the normal rush of seasonal hiring, which experts say is another warning bell for a possible recession. Those are the primary drivers of the seasonal hiring surge. It has not announced a seasonal hiring target yet for this year“We continue to hire for operational positions needed in certain locations,” said spokesperson Caroline Moses Little. Some companies are keeping seasonal hiring plans about the same. Overall, it’s a much more cautious environment in bringing on seasonal workers said ZipRecruiter’s Pollack.

☆ These 4 trends are keeping Boomers unemployed and holding the US back from a full recovery
▼ + stars: | 2022-09-28 | by ( Ben Winck | ) www.businessinsider.com time to read: +7 min

Older Americans are struggling to rejoin the workforce, and it's weighing on the economy. That drop in older workers could threaten the already-shaky economic recovery, according to a report published by ZipRecruiter on Wednesday. Yet as the recovery progresses, a handful of obstacles are keeping older Americans out of the workforce. Where that's easily accessible for young workers, older Americans face a steeper learning curve just to compete. Older workers' confidence is dismalThe three aforementioned trends have contributed to a simple truth: older workers are immensely discouraged.

☆ Emergency savings account startup SecureSave has partnered with the likes of the San Antonio Spurs and Truist. See the fintech's 20-slide seed fundraising deck.
▼ + stars: | 2022-09-27 | by ( Carter Johnson | ) www.businessinsider.com time to read: +4 min

SecureSave, a fintech launched in 2020, works with employers to offer emergency savings accounts. The origins of SecureSave — a Kirkland, Washington-based fintech that works with companies to offer emergency savings accounts, or ESAs, to employees — began with a single email to a Seattle-based venture studio and investor. In some ways, emergency savings accounts resemble health savings accounts, through which workers can set aside pre-tax earnings to save for medical care. In the US, health savings accounts have grown over time into a nearly $100 billion industry, by assets under management, according to the HSA industry group Devenir. But according to Miller, employers are recognizing that ESAs can pay for themselves — through employee retention and as a competitive advantage when hiring.

☆ Rideshare, retailers brace for tough U.S. independent contractor rule
▼ + stars: | 2022-09-27 | by ( Nandita Bose | ) www.reuters.com time to read: +6 min

Broadly defining independent contractors as employees would also force companies to pay benefits, such as overtime pay and health benefits, that would hurt their bottom line. Employers can save about 30 percent by skipping payroll taxes and unemployment and benefit costs, workers' groups estimate. The meetings at the White House were one-sided, with officials at OIRA letting groups speak and not participating or asking follow-up questions, several employer sources said. A White House official said that listening without comment is part of the standard rulemaking process at OIRA. WORKERS WARN OF GROWING PAINGig Workers Rising, RideShare Workers United, Mobile Workers Alliance, We Drive Progress also met White House officials to broaden the definition of employee further, according to records and sources.

☆ Is your boss 'quiet firing' you?
▼ + stars: | 2022-09-15 | by ( Bonnie Dilber | ) www.businessinsider.com time to read: +10 min

So what is quiet firing? Quiet firing is when an employer does the bare minimum to keep their employees: no support, no development, no growth, no rewards. Women, and especially women of color, are particularly susceptible to quiet firing. Lots of workers have been 'quiet fired'When faced with quiet firing, some employees get fed up and exit on their own. A few weeks ago, I wrote a LinkedIn post on quiet firing that quickly went viral.

☆ 'Company loyalty will make you poor': Early retiree credits his $1 million net worth to these 7 ‘unpopular opinions'
▼ + stars: | 2022-08-18 | by ( Steve Adcock | ) www.cnbc.com time to read: +4 min

The self-made millionaire says he got rich the "old-fashioned way"—by investing wisely, marrying the right person, and living a frugal life. At the time, I had $900,000 saved, and within a few years was able to accumulate a $1 million net worth. Here are seven unpopular opinions that helped me retire early as a millionaire:1. I chose to wait until I found someone who shared the same financial values — and it was one of the best life decisions I ever made. Today, I have a supportive spouse who just as enthusiastic as I am about investing and living a frugal lifestyle.

Persons: Steve Adcock Organizations: Employers, Ramsey Solutions, Ivy League

☆ HR pros conducting layoffs need to take these 4 steps to ensure job cuts don't go from difficult to disastrous
▼ + stars: | 2022-08-09 | by ( Ebony Flake | ) www.businessinsider.com time to read: +8 min

Insider spoke with experts who constructed a tool kit for HR to facilitate layoffs the right way. But there is a better way — and a worse way — to tell workers you're laying them off. To help get it right, Insider pulled together a tool kit for HR professionals who carry the weight of conducting layoffs. Human resources professionals are responsible for managing layoffs under these difficult conditions and making sure they're done right. To avoid making cuts that can appear targeted, HR staff should review layoff rosters with the company's legal department.

Persons: That's, it's, Isabelle Kenyon, Slack, Kenyon, We're, Weeks, Vishal Garg, Rudhir Krishtel, Rudhir, Tara Hines, McCoy, Hines, doesn't, Mark Zuckerberg, Krishtel, what's Organizations: Apple, McCoy, Employers, Meta, Facebook, Employees, Netflix

☆ Scamming the boss: Some employees are outsourcing their jobs to other people. Here's how companies are spotting the fraudsters.
▼ + stars: | 2022-08-03 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +10 min

As remote work provides opportunities for fraud, some employees are outsourcing their jobs. Experts say this fraud can pose severe risks for companies, especially when the work involves confidential company and customer data. The problem for companies is when employees outsource their jobs without their organization's awareness, and pay out of their own pockets. Employers are generally powerless to do anything about these second jobs as long as they don't affect their employees' work and don't involve work for a competitor. "Every employer I talk to considers 'remote' as a location — not a work arrangement," he said, meaning remote workers must abide by the company's rules.

☆ The red-hot labor market might be coming off its boil. Here's what jobseekers need to know about looking for work in an economic downturn.
▼ + stars: | 2022-06-23 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +8 min

Experts recommend making a few key adjustments to your job search during a downturn. Are you out of your mind to even consider quitting your job and looking for a new one right now? Set a strict schedule for how much time you spend on your job search each day. Expand your target list of employersIn a tight labor market, employers do what they can to widen their potential pool of qualified applicants. But the dynamics shift in an employer's market.

☆ Don't be scammed by fake job listings
▼ + stars: | 2022-05-19 | by ( Rebecca Knight | Rachel Durose | ) www.businessinsider.com time to read: +5 min

Amid the rise of the remote work era, fake job listings have increased. As employees seek remote positions, the number of fake listings has increased, and job scams are getting more sophisticated, including using social media, online outreach, and online job boards to lure in job seekers, the BBB report found. LinkedIn, the site with the second most job scams, accounted for 7% of the listings,Here's how job seekers can avoid falling victim to a fake posting. Investigate the listing, and don't be afraid to reach outThe first step to avoiding fake job listings is knowing where to look for jobs. Job seekers are also able to report suspicious job postings to the website where it was posted.

☆ Execs at Bank of America, Dow, and JUST Capital say being prosperous isn't just about having enough money
▼ + stars: | 2022-05-11 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

The event, in partnership with Bank of America, took place Tuesday, May 10. Martin Whittaker, chief executive officer of the nonprofit JUST Capital, said there is now a greater focus on worker well-being than ever. For Karen Fang, the managing director and global head of sustainable finance at Bank of America, prosperity includes access to basics like financial services and digital inclusion. "The definition of prosperity has gone from economic prosperity to social prosperity," Fang said. She said the bank has hired 10,000 workers from these areas, a goal it achieved two years early.

☆ A youth mental-health crisis is crushing working parents — and employers need to pay attention.
▼ + stars: | 2022-04-13 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +9 min

The upshot: Today's working parents are under enormous pressure, and their stress has quickly gone from leaking into their professional life to crashing through the floodgates. It's up to employers, experts say, to help working parents manage their priorities and offer flexibility to face this daunting reality. Recognizing the pressures that exist for working parents right now is a good starting point. Importantly, she said, working parents need to be self-compassionate. "What our children need from us changes, and the roles we need to play for them change," she said.

☆ Companies need to embrace an innovative path to create new employment opportunities
▼ + stars: | 2022-03-03 | by ( Ravi Kumar | ) www.businessinsider.com time to read: +5 min

This article is part of the "Financing a Sustainable Future" series exploring how companies take steps to set and fund sustainable goals. A LinkedIn survey found just one in 67 paid jobs in the US offered remote work in 2020, and that number this year grew to one in six. The labor shortage is compelling companies to boost pay. Low-complexity jobs will inevitably be automated, given the acute labor shortage, and the real opportunity will be in training people to take on higher-order responsibilities, which will allow enterprises to scale business purposefully. Remote work means more people otherwise limited by their circumstances — like caregiving adults, students, and people with disabilities or in rural areas — can now be included in the nontraditional American workforce and gig economy.

☆ These 19 part-time jobs make the most money — from graphic designer to translator
▼ + stars: | 2022-01-03 | by ( Katherine J. Igoe | The Muse | ) www.businessinsider.com time to read: +25 min

Part-time jobs are a popular way to make extra cash with a low commitment. Part-time jobs have expanded since the pandemic hit, according to the Bureau of Labor Statistics. Graphic designerAverage hourly rate: $25.66A graphic designer supports a business by creating illustrations, graphics, and other visual concepts and content. Find plumber jobs on The MuseEven though they're increasing in popularity, part-time jobs can sometimes be hard to find. It's estimated that up to 85% of all jobs are obtained through networking, and part-time work is no exception.

☆ Lady Gaga's Haus Labs, Goop, Spotify, and Eventbrite join push of nearly 200 businesses lobbying for a national paid leave policy in Biden's next economic recovery package
▼ + stars: | 2021-03-23 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +3 min

Nearly 200 businesses are lobbying Congress to pass a paid permanent national leave policy. The group that includes Pinterest, Spotify, and businesses tied to Lady Gaga and Gwyneth Paltrow wants Congress to pass a permanent national paid leave policy as part of Biden's next big stimulus proposal. Biden is expected to include paid leave in a new set of proposals aimed at strengthening the economy. Bringing back women workersBusinesses say the lack of a national paid leave policy makes them more vulnerable during health emergencies and threatens their financial stability. US Chamber reservationsNot everyone in the business community is as eager to embrace a big policy change on paid leave.

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