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You can get the latest on that and much more from our finance newsletter, 10 Things on Wall Street. It's a snappy weekday read with the biggest stories on the Street, plus the latest on hot-spot restaurants, industry parties, and so much more. On the agenda today:Up first: Senior real-estate correspondent Daniel Geiger is giving us a behind-the-scenes look at the recent turmoil at Compass. With home sales dipping amid rising interest rates, Compass has cut workers and bled cash. In June, it laid off about 450 corporate staff, and in October, it let go of about half its 1,500-person tech team.
The labor market is still tight, but employers are ready to hire from the pool of new college graduates. NACE found that respondents plan to hire 14.7% more 2023 graduates compared to the class of 2022. That's good news for workers, especially recent college graduates. "For instance, in many cases it costs less to hire a recent college graduate compared to a mid-career or senior-level professional." But it noted "only 6% expect to cut back on hiring new college graduates."
When some remote workers get sick, they decide to log on for work anyway. Research says workers think they'll feel guilty if they take off; they feel more guilty for working. Workers need to feel comfortable deciding to take time off, and feel comfortable articulating those boundaries. The problem is, Gerpott said, that "human beings are very bad at predicting how they will actually feel." Instead, workers feel more guilty — because they couldn't help their colleagues or themselves very well.
Nearly a fifth of respondents said they avoided taking vacation time for fear of being seen as not committed enough to their jobs. Many companies don't adjust their expectations based on their new leave policies and simply expect workers to cram in the same amount of work. When it was time to return to work, Paraskeva found herself unable to go in. The hypocrisy of time-off policies makes it clear that they seem to benefit the employer much more than workers themselves. By forcing people to pile on work before they leave and scramble once they return, companies are undercutting their supposedly generous time-off policies and making the workplace worse for everyone.
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