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☆ Chiefs coach Andy Reid uses 1 simple tactic to build trust with his players—and anyone can do it
▼ + stars: | 2023-02-08 | by ( Natasha Piñon | ) www.cnbc.com time to read: +2 min

Andy Reid's run of success with the Kansas City Chiefs stems, at least partially, from a single decision he made a decade ago. Since becoming the team's head coach in 2013, Reid has led Kansas City to the NFL playoffs nine times in ten seasons. But when Reid first started in Kansas City, the team was weathering a rough patch, and he needed to quickly build trust with his players. former Kansas City linebacker Derrick Johnson told ESPN in 2020. At the meetings, players could complain about anything: the length or intensity of practices, the food in the cafeteria or whatever else was on their minds.

☆ Florida legislators want to give DeSantis another $10 million to keep shipping migrants across the country
▼ + stars: | 2023-02-08 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Ron DeSantis $10 million to transport migrants across the US. DeSantis previously used a state program to fly asylum seekers from Texas to Martha's Vineyard in September. Ron DeSantis' program to transport migrants to so-called "sanctuary cities" across the country. The proposal, Senate bill 6-B, would create a new "Unauthorized Alien Transport Program" and provide $10 million to transport migrants. Two identical bills were introduced this month in the state Senate and House by State Sen. Blaise Ingoglia (R) and State Rep. John Snyder (R).

☆ Meet the typical Amazon customer, a college-educated married woman in the Southeast earning $80,000
▼ + stars: | 2023-02-03 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Eight in 10 US shoppers are Amazon customers, and they place an average of 74 orders per year. Amazon's average customer is a white woman in the Southeast who earns more than $80,000 per year. Meanwhile, eight out of 10 US shoppers are Amazon customers, according to data from the analytics firm Numerator prepared for Insider. The typical customer orders just one or two items per transaction, but she makes a comparatively high number of transactions per year, with 83 orders at an annual cost of $2,969, Numerator found. Amazon customers are also highly likely to compare prices on Amazon, even when shopping elsewhere.

☆ Want a 4-day work week? Move to Maryland, where the government is pushing for it.
▼ + stars: | 2023-02-01 | by ( Aaron Mok | ) www.businessinsider.com time to read: +5 min

Maryland lawmakers introduced a bill that would incentivize employers to adopt a four-day work week. Employers and employees are beginning to see the benefits of a shorter work weekAmerican workers are expressing interest in a shorter work week. Companies outside of the UK that have experimented with a shorter work week also said that they have seen their profits and productivity jump as a result. California and national law makers have introduced similar bills to shorten the work week, though they have stalled and failed, respectively. "I think the question is not if, but when America is going to move to a shorter work week."

☆ Recession 2023: Jerome Powell's Legacy Will Dictate Inflation, Stock Market, Economy
▼ + stars: | 2023-01-30 | by ( William Edwards | ) www.businessinsider.com time to read: +15 min

This obsession with controlling inflation — and potentially causing serious pain for average Americans — is driven by one major factor: legacy. High inflation eats away at consumers' purchasing power, and persistent inflation seeps into expectations for price and wage adjustments, which further fuel inflation. What's more, the full impact of the Fed's rate hikes have yet to hit. Legacy actsThere are signs that certain Fed officials are ready to dial back on the inflation fight. And navigating such a tricky economy — without throwing hundreds of thousands of Americans out of work — could cement Powell's legacy.

☆ Most Americans just aren't into their jobs, new Gallup data shows
▼ + stars: | 2023-01-26 | by ( Julianne Mcshane | ) www.nbcnews.com time to read: +5 min

As Americans enter the third year of the pandemic, most workers just aren't into their jobs, with nearly three-fourths saying they're either not engaged or actively disengaged at work, according to new Gallup data released Wednesday. Only 32% of American workers said they were engaged at work last year, down from an all-time high of 36% in 2020 and 34% in 2021, the data shows. Workers who are actively disengaged "are disgruntled and disloyal because most of their workplace needs are unmet," according to Gallup. Both women and younger workers value freedom and autonomy in the workplace, Harter said. Hybrid workers saw 2% increases in both active disengagement and "quiet quitting," and a 4% drop in engagement.

☆ U.S. lawmakers seek repeal of Biden solar tariff waiver
▼ + stars: | 2023-01-26 | by ( Nichola Groom | ) www.reuters.com time to read: +3 min

The move is aimed at propping up domestic solar manufacturers, which have struggled to compete with cheap panels made overseas - often by Chinese companies. A Commerce Department probe last year found that some solar panel makers were dodging U.S. tariffs on Chinese-made goods by moving their products through Cambodia, Malaysia, Thailand and Vietnam. New proposed duties on imports from those countries will not kick in until June of 2024 because of a two-year waiver from Biden. Months later, the Commerce Department issued a preliminary decision to extend existing tariffs on Chinese solar products to goods from those nations. The White House has said the tariff exemption will serve as a bridge while the U.S. sector ramps up.

☆ High-Earning Men Are Cutting Back on Their Working Hours
▼ + stars: | 2023-01-26 | by ( Courtney Vinopal | ) www.wsj.com time to read: 1 min

American workers have cut the number of hours they spend in their jobs since 2019, but no group has dialed back its time on the clock more than young, high-earning men whose jobs typically demand long hours. The top-earning 10% of men in the U.S. labor market logged 77 fewer work hours in 2022, on average, than those in the same earnings group in 2019, according to a new study of federal data by the economics department at Washington University in St. Louis. That translates to 1.5 hours less time on the job each workweek, or a 3% reduction in hours. Over the same three-year period, the top-earning 10% of women cut back time at work by 29 hours, which translates to about half an hour less work each week, or a 1% reduction.

☆ Amazon, Google, Meta, Microsoft lay off thousands — but tech jobs are still hot in 2023, Indeed finds
▼ + stars: | 2023-01-26 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Google announced plans on Friday to lay off 12,000 people, the biggest reduction in the company's 25-year history. Meta CEO Mark Zuckerberg and Amazon CEO Andy Jassy alluded to this overextension when explaining the rationale for their respective layoff plans. Tech skills are in 'high demand'Tech skills are in "high demand across the economy," Julia Pollak, chief economist at ZipRecruiter, wrote in November. "Had tech companies continued growing at the breakneck 2020-2021 pace, they would have monopolized U.S. tech talent and made it impossible for employers in non-tech industries to hire tech talent," she said. Aside from good news for existing tech workers, high demand for technical skills is also a "big sign" of where opportunities exist for those starting or switching careers, Indeed said.

☆ Employees are checked out at work more than ever — and it doesn't matter it they're remote, hybrid, or onsite, Gallup study finds
▼ + stars: | 2023-01-25 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

The drop spans demographics and work styles, including remote, hybrid, and onsite. Americans are reporting higher than ever levels of dissatisfaction and malaise at work, a new Gallup poll found. At the same time, 18% of American workers said they actively disengaged at work, an increase of 2% from 2021. "The real fix is this simple: better leaders in the workplace," Clifton wrote. Great managers help colleagues learn and grow, recognize their colleagues for doing great work, and make them truly feel cared about.

☆ The ultimate guide to surviving a layoff
▼ + stars: | 2023-01-23 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +4 min

Nearly 40% of US workers "are nervous about being laid off," according to a recent LinkedIn survey. Insider's guide has all the information you need about layoffs to help you land on your feet. Top editors give you the stories you want — delivered right to your inbox each weekday. And as companies around the country scramble to get ahead of a possible recession, American workers are worried. If you've recently lost your job — or are afraid you will lose it soon — Insider has your back.

☆ Amid an uncertain economy, American workers are guardedly optimistic about the job market
▼ + stars: | 2023-01-22 | by ( Madison Hoff | Rebecca Knight | ) www.businessinsider.com time to read: +6 min

Despite economic uncertainty, US workers are confident about the job market, LinkedIn data suggests. The findings point to American workers' resilience, nearly three years since the pandemic began. A recent LinkedIn survey of more than 2,000 US employees conducted in December offers fresh insight into how workers feel about the job market in 2023. Roughly two-thirds of American workers are considering changing jobs this year, mainly to boost their salary and improve their work-life balance, according to the results. At a time when many organizations remain desperate to hire and keep employees, American workers have seen their leverage in the job market grow.

☆ More than half of US workers want to quit their jobs in 2023, a new survey shows
▼ + stars: | 2023-01-20 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

61% of US employees are considering handing in their resignations in 2023, according to a LinkedIn survey. While half of the respondents are fearful of layoffs, 95% of them are confident about their career prospects. A near record high of 4.2 million US workers left their jobs voluntarily in November 2022. That's even though half of the survey respondents are afraid of layoffs. Latest data from the Bureau of Labor Statistics shows 4.2 million employees left their positions voluntarily in November 2022 — near a record high of 4.53 million in November 2021.

☆ A Dutch executive chides Americans for not taking more vacation
▼ + stars: | 2023-01-20 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +3 min

Some US workers aren't provided much vacation, while others are leaving unused days on the table. Including paid holidays as well as vacation days, the average American took over 20 days off between 1978 and 2000, but this has fallen to roughly 17 days in recent years. The fact that many vacation days are left unused is even more notable when one considers how few vacation days most Americans have to begin with when compared to the rest of the world. The US is the only country in the OECD, a group of 38 of the world's most developed nations, that does not require businesses to offer any paid vacation or paid holidays. For these people — many of whom are among the lowest-wage workers — choosing to not use all of their vacation days isn't even an option.

☆ The global rally in stocks that's kicked off 2023 may prove to be 'head fake' as it's too soon to assume inflation is receding, says UBS
▼ + stars: | 2023-01-18 | by ( Carla Mozée | ) www.businessinsider.com time to read: +4 min

The stock-market rally at the start of 2023 faces risks from still-elevated inflation, UBS Global Wealth Management said. Central bankers are monitoring core prices, which rose in the euro area and the US in December. "The possibility that core inflation is sticker than expected remains a risk for markets." In the US, core prices increased by 0.3% as monthly shelter costs drove higher by 0.8%. "While the strong start to the year is welcome and we believe more risk-tolerant investors can start to anticipate an inflection point in 2023, we advise against complacency," Haefele wrote.

☆ Gen Z workers want to retire before 60—here’s how much they need to save each month to get to $2 million
▼ + stars: | 2023-01-18 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Gen Zers, defined as Americans between 18 and 25, aim to retire by 59 on average, according to Northwestern Mutual's 2022 Planning and Progress study. Millennials, defined as those between 26 and 41, intend to retire by 61 on average. On average, American workers think they'll need $1.7 million to retire comfortably, according to Charles Schwab's most recent study, but that varies by generation. Gen Zers and millennials believe they'll need to put away $1.4 million and $1.8 million, respectively. However, a shorter time in the workforce means you'll need to put more money into your retirement savings to meet your financial goals.

☆ One chart shows how employment has changed throughout the US economy almost 3 years after the start of the pandemic
▼ + stars: | 2023-01-14 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

The US labor market has been above its pre-pandemic February 2020 employment level for a while. Some sectors are still below pre-pandemic employment almost three years since the official start of the pandemic. While leisure and hospitality isn't back at its pre-pandemic employment level, it still has been experiencing large monthly job gains as workers are needed to meet demand. Air transportation was 11.7% above its February 2020 employment level in December. It continued to expand throughout the pandemic and was 30.8% above its pre-pandemic employment as of December.

☆ Biden says inflation slowdown shows it's 'clearer than ever' his economic policies are working
▼ + stars: | 2023-01-12 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

President Joe Biden cheered news that a key indicator of inflation fell for the first time in more than two years, saying "it's clearer than ever" that his economic policies are working. Inflation is now at it's lowest level since October 2021." The report released by the Labor Department on Thursday found overall CPI rose 6.5% from a year ago, the lowest level since October 2021. The data is good news for Biden who for months has asked the nation to have faith in his economic plans amid persistent inflation. Biden lauded other positive economic indicators like the Labor Department's jobs report last week which found unemployment at its lowest level in 50 years.

☆ Here's how to get your student loans forgiven — even if Biden's plan falls through
▼ + stars: | 2023-01-08 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

"Income-driven repayment plans are also student loan forgiveness plans," Kantrowitz said. The best way to find out if your job qualifies as public service is to fill out a employer certification form. Full-time teachers who work for five consecutive years in a low-income school may be eligible for up to $17,500 in loan forgiveness under the Teacher Loan Forgiveness Program. The Nurse Corps Loan Repayment Program allows certain nurses to get up to 85% of their student debt cancelled. Meanwhile, there are numerous state-level student loan forgiveness programs.

That's good news, since the Federal Reserve has been trying to tame wage growth. Cooling wage growth could mean the Fed won't need to induce a recession to bring down inflation. Bunker said that wage growth "is still robust but starting to moderate a little bit." And wage growth has slowed even more when looking at data from the most recent months, rather than just the year-over-year change. "We're seeing wage growth at 4.6% year-over-year.

☆ Marijuana might hurt Elon Musk's productivity, but legalization has helped US workers find jobs and earn higher wages, a study finds
▼ + stars: | 2023-01-06 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

But a new study found legalization has had a positive impact on Americans' employment and wages. While 68% of the public supports legalization, the authors noted that there is disagreement about the impact it could have on workers' productivity and well being. Elon Musk in 2018: "I'm not a regular smoker of weed...I don't find that it is very good for productivity." The authors speculated the boost in the agriculture sector is tied to the introduction of the cannabis industry. Given marijuana legalization is a relatively new development, the authors said it will take time to decipher any long-run impacts on labor market performance, despite the positive early indicators from their research.

☆ FTC Proposes Banning Noncompete Clauses for Workers
▼ + stars: | 2023-01-05 | by ( Dave Michaels | ) www.wsj.com time to read: 1 min

WASHINGTON—The Federal Trade Commission on Thursday issued a proposal to ban the use of noncompete clauses, a move that would allow workers to take jobs with rival companies or start competing businesses without the threat of being sued by their employers. The FTC said noncompete clauses constitute an exploitative practice that undermines a 109-year-old law prohibiting unfair methods of competition. Noncompete clauses, which typically bar employees from joining a competitor for a period after they quit, affect nearly one in five American workers, according to the agency. Long associated with higher-paid managers, the clauses have also been imposed on lower-wage workers who lack access to trade secrets, strategic plans and other reasons that could be cited for hampering job switchers, the agency says.

☆ The FTC wants to ban companies from telling their employees they can't work for competitors — and says it'll help workers make $300 billion more a year
▼ + stars: | 2023-01-05 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

The FTC wants to ban noncompete agreements, which stop workers from moving to competitors or starting their own similar businesses. Under the FTC's proposed rule, employers wouldn't be able to impose a noncompete, and past ones would be rescinded. FTC Chair Lina Khan said that noncompetes undermine competition and competitive conditions. Under a new proposed rule, the FTC would ban employers from saddling workers with noncompete agreements that prohibit them from working at competitors, or starting similar businesses. In some cases, workers can't start their own businesses similar to the ones they're working in.

WASHINGTON, Jan 5 (Reuters) - The U.S. Federal Trade Commission, which enforces antitrust law, proposed a rule that would ban companies from requiring workers to sign noncompete provisions as well as some training repayment agreements, which companies use to keep workers from leaving for better jobs, the agency said on Thursday. The rule would also require companies with existing noncompete agreements with workers to scrap them and to inform current and past employees that they have been canceled. The training repayment would be banned if it "is not reasonably related to the costs the employer incurred for training the worker." FTC Commissioner Rebecca Slaughter said in 2020 that surveys have estimated that 16% to 18% of all U.S. workers are subject to noncompete provisions. Meanwhile, nearly 10% of American workers surveyed in 2020 were covered by a training repayment agreement, said the Cornell Survey Research Institute.

☆ U.S. targets non-compete clauses that block workers from getting better jobs
▼ + stars: | 2023-01-05 | by ( ) www.cnbc.com time to read: +4 min

Noncompete agreements "block workers from freely switching jobs, depriving them of higher wages and better working conditions, and depriving businesses of a talent pool that they need to build and expand," said FTC Chair Lina Khan in a statement. The training repayment would be banned if it "is not reasonably related to the costs the employer incurred for training the worker," the proposed rule said. FTC Commissioner Rebecca Slaughter said in 2020 that surveys have estimated that 16% to 18% of all U.S. workers are subject to noncompete provisions. The U.S. Chamber of Commerce indicated that it opposed the proposed rule. Ardagh Glass S.A. and O-I Glass Inc, the two largest U.S. glass container makers, had noncompete provisions that affected more than 1,700 workers.

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