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Read previewThis as-told-to essay is based on a conversation with Theresa Sue Mubenga, a former tech manager and startup founder. But companies need to put more good managers in place that care for their employees. There are a lot more bad managers than good managers. PIPs are not survivable, because once someone gets a PIP, they often feel targeted and don't want to work at a company. AdvertisementIf you've ever been put on a PIP at a Big Tech company and would like to share your story, email Jane Zhang at janezhang@businessinsider.com.
Persons: , Theresa Sue Mubenga, I've, — I've, you've, Jane Zhang Organizations: Service, Business, Big Tech Locations: janezhang@businessinsider.com
Huang, who oversees 50 direct reports, said that "by definition," CEOs should have the most direct reports of anyone at a company. And taking on more direct reports could help CEOs level the playing field, too. And while Huang manages more people than other big-name CEOs (Amazon CEO Andy Jassy has 16 direct reports), Nvidia has close to 30,000 employees, according to a company report from 2023. While Huang might be an outlier (and overachiever) as a manager, the number of direct reports CEOs are taking on is on the rise. CEOs' direct reports doubled from five in the mid-1980s to close to 10 in the mid-2000s, according to the Harvard Business Review.
Persons: , Jensen Huang, doesn't, . Huang, Huang, chipmaker, Andy Jassy, Hal Gregersen Organizations: Service, Stanford's Graduate School of Business, Business, Nvidia, Harvard Business, MIT Leadership Center Locations: .
A female SpaceX employee accused the company of gender discrimination and retaliation in a new lawsuit. The employee said in the suit that SpaceX continued to side with her male boss even after he left. AdvertisementA female SpaceX employee accused the rocket company of discrimination and retaliation in a new lawsuit filed Tuesday in Los Angeles Superior Court. The civil rights arm of the Justice Department has also filed suit against SpaceX alleging discrimination against asylees and refugees. Last month, Bloomberg obtained California civil rights complaints that revealed former SpaceX employees are accusing executives at the company of joking about sexual harassment and firing employees who reported their concerns.
Persons: , Michelle Dopak, Dopak, Gwynn Shotwell, Shotwell Organizations: SpaceX, Service, Los Angeles Superior Court, Reuters, Business, Justice Department, Bloomberg Locations: Los Angeles, California
The project, known as Direct File and launched by the IRS on a limited basis in 12 states this tax season, is in its pilot phase. Derek Wheeler, director of the Low-Income Taxpayer Clinic at the University of Florida’s Law School, said his clinic has referred less than a dozen clients to the Direct File system. His legal clinic has partnered with the IRS and selectively identifies clients who may be eligible to submit their taxes through the program. One of their biggest criticisms is that free tax prep services already exist for people of all income brackets and developing the Direct File system will end up costing taxpayers billions of dollars. But after using Direct File, she said, “I feel foolish for paying all that money every year.”
Persons: Dixie Warden, ” Warden, Warden, She's, , Obama, Derek Wheeler, Wheeler, Grover Norquist, Joe Biden, , Norquist, Daniel Werfel, Vanessa Williamson, ” Wheeler, she’ll, Organizations: WASHINGTON, IRS, Affordable, University of Florida’s Law, Associated Press, Tax, Urban, Brookings Tax Policy, Organization for Economic Cooperation, Development, University of Florida, House Republicans, Congress Locations: Kyle , Texas, Florida, New Hampshire , Nevada , South Dakota , Tennessee , Texas, Washington , Wyoming , Arizona , Massachusetts, California, New York, United States, Germany, Japan, Britain, U.S
The outcome could involve hefty settlements that employers are compelled to cough up to employees who brought workplace-related lawsuits against them. "That is easy, easy money" for the employee, Zambrano, who is suing the musicians Lizzo and Ye (formerly known as Kanye West), on behalf of ex-employees, said. Having an under-trained human resources department could pose major legal troubles for a company, added David Gottlieb, a partner at the New York City-based employment law firm, Wigdor LLP. If a case has some merit, employers will "absolutely" offer money to an employee pursuing legal action, continued Zambrano. Misclassifying employees as exempt from overtimeZambrano said that another common issue he encounters is employers misclassifying employees, sometimes in order to save money for the company.
Persons: , Ron Zambrano, Zambrano, Lizzo, David Gottlieb, Wigdor, Gottlieb, they're, it's, that's, Amazon Tyler Organizations: Service, Business, Trial, Kanye, New, Wigdor LLP, NFL, Employers, Companies, Getty, Employees, Walmart, West Coast, Amazon Locations: California, New York City
watch nowMore than three-quarters of Americans, 77%, say the unavailability of pensions is making it harder to achieve the American Dream, according to a new report from the National Institute on Retirement Security. With the shift from pensions to 401(k)s, the responsibility for saving for retirement has transferred from employers to workers. "When not managed properly, defined benefit plans can end up like Ponzi schemes," Greszler said at Wednesday's Senate hearing. Neither Social Security nor multiemployer pensions can pay benefits as promised, she noted. To shore up Social Security, the average American household would have to pay at least $3,000 per year more in taxes, money that would better be invested in personal accounts, Greszler argued.
Persons: Rebecca Cook, Sara Schambers, Schambers, Teresa Ghilarducci, Ghilarducci, Rachel Greszler, Greszler, Sen, Bill Cassidy Organizations: United Auto Workers, Sterling Heights Assembly, Reuters, Ford, Washington , D.C, UAW, National Institute on Retirement Security, Pensions, Finance, Security, Workers, The New School for Social Research, The Heritage Foundation, Senate, Social Security Locations: Sterling Heights, Sterling Heights , Michigan, Washington ,, New
HR has three main objectives when conducting terminationsThere are three main objectives, from the HR professional's standpoint, when terminating somebody. But the more questions employees ask, the more it opens the company up to liability if HR or the supervisor doesn't answer the questions correctly. If you're an at-will employee, the company doesn't need to provide you with a reason you're being fired. The employment attorney can explain to you what you're signing because the agreements are often very hard to understand. If you're a former HR executive or professional who has insight into HR practices and would like to share your story, email Jane Zhang at janezhang@businessinsider.com.
Persons: Craig Levey, Levey, I've, They're, it's, they're, you've, Jane Zhang Organizations: Bennett, Belfort, Employees Locations: P.C, Cambridge , Massachusetts, janezhang@businessinsider.com
This article is part of "Business Travel Playbook," a series about making the most of work travel. During a business trip, employees are away from their families, their normal routines are disrupted, and they typically log in longer hours, which can be stressful. She said employers could ease the burden of business travel by allowing employees to take time off after a business trip to recover. Whether a work trip includes commuting to a nearby city or traveling to another country, business travel can be tiring. "It's important to be realistic about how much work travel you can endure and how much work you can realistically complete if your job requires frequent travel," Norfus said.
Persons: , aren't, who've, they'd, Danielle Sabrina, Sabrina, Eric Snyder, Natalie Norfus, Norfus, Natalie E, Julian Buitrago, Ashlee Brennan, Brennan Organizations: Service, Business Travel Association, Employees, Employers Locations: AbsenceSoft
A better way to handle layoffs
  + stars: | 2024-02-20 | by ( Aki Ito | ) www.businessinsider.com   time to read: +11 min
Out of everything that happens in the workplace, nothing underscores the harshly transactional nature of employment more than the way companies terminate their employees. To be sure, there are times when layoffs are necessary for the health — and even survival — of a company. In other words, the pitiless and coldhearted way businesses handle dismissals isn't just destructive to those who get dismissed. Is there a better way to handle layoffs? For starters, Herd says, managers should look the employees they're dismissing in the eye, rather than reading from a script.
Persons: TikTok, Brittany Pietsch, she'd, isn't, Pietsch, they're, you've, — they're, Slack, it's, Sandra Sucher, Sucher, pare, Ashley Herd, Herd, , Reagan, Aki Ito Organizations: Mafia, Harvard Business School, Nokia, Business
Many U.S. companies are grappling with health insurance coverage issues for workers when it comes to GLP-1 drugs for weight loss. Still, many benefits experts say it's a matter of when, not if, more employers will cover GLP-1 drugs. Certainly, prescription volumes of GLP-1 weight loss drugs are soaring. Even though GLP-1 drugs are high-priced, they currently represent only 6.9% of annual claims, according to data from the International Foundation of Employee Benefit Plans. It's going to be harder and harder not to cover these drugs because the benefits seem to be so great."
Persons: Eli Lilly, there's, Julie Stich, Eli Lilly's, Greg Stancil, you've, Stancil, somebody's, James Wantuck, " Stich, Brian O'Connell, O'Connell, Wantuck, Krutika Amin, Amin Organizations: U.S, Nordisk, International Foundation of Employee, Novo Nordisk, Tufts Medical, Medicare, Healthy Aging, Scott Benefit Services, Employers, Accolade, BMI, International Foundation of, Medicaid — Locations: U.S, KFF, North Carolina, GLP, Novo
Strong WiFi, a business center, and food service are some of the recommended perks. This article is part of "Business Travel Playbook," a series about making the most of work travel. Business travel slowed significantly when the pandemic hit in 2020, but it's rebounding. Last year, the Global Business Travel Association predicted global business-travel spending would reach $1.4 trillion in 2024 . She makes a point to explore a destination on each business trip, she said — even if she's been there before.
Persons: , Karen Mitchell, Jen Catto, Jill Johnson, Johnson, Samantha Drucker, Catto, Mitchell, Drucker, she's Organizations: Service, Global Business Travel Association, Business, Institute for Entrepreneurial Leadership, Puget Sound Locations: New York, Florida, New Delhi, India, Oakland , California, Seattle
Among the most common email scams are phishing emails. Instead of sending out generic emails, the emails are addressed to an individual or a specific organization. Now, criminals anywhere in the world can use ChatGPT or FraudGPT to create convincing phishing and spear phishing emails. If I'm going to do 1,000 spear phishing emails or CEO fraud attacks, and I find one in 10 of them work, that could be millions of dollars," said Davies. It will take some time for companies to adjust, but for now, cybersecurity experts say generative AI is leading to a surge in very convincing financial scams.
Persons: Chase, Christopher Budd, Elon, Gayle King, Tucker Carlson, Bill Maher, Andrew Davies, Cyril Noel, Tagoe, Davies, Venmo, Wise, Netcea, Banks, Ajay Bhalla, haven't, Noel, I've, Budd Organizations: Association of Financial, eBay, CBS, Fox News, Facebook, YouTube, PayPal, Mastercard Locations: Hong Kong, ComplyAdvantage
Trump has repeatedly referred to Wade as Willis' "lover” in attacks on the prosecution. But it could have the ability to delve deeply into Willis' personal and professional life and air any dirty laundry widely. The state Senate is led by Republican Lt. Gov. Willis was barred from prosecuting Jones by a judge after she hosted a fundraiser for a Democratic opponent. The panel also begins its work in a year when all of Georgia's legislative seats will be up for election.
Persons: that's, Fani Willis, begrudgingly, , Sen, Bill Cowsert, Willis, Donald Trump, Willis didn't, Nathan Wade, Trump, Wade, Michael Roman, ” Cowsert, Scott McAfee, Cowsert, Gloria Butler, , Butler, I’ve, Brian Kemp, Burt Jones, Georgia’s, Jones Organizations: ATLANTA, Republican, Republican Georgia Senate, Trump, Roman, U.S . House Republicans, Gov, Senate, Democratic Locations: Georgia, Fulton County, Athens, Stone
Aware's analytics tool — the one that monitors employee sentiment and toxicity — doesn't have the ability to flag individual employee names, according to Schumann. Speaking broadly about employee surveillance AI rather than Aware's technology specifically, Williams told CNBC: "A lot of this becomes thought crime." When including other types of content being shared, such as images and videos, Aware's analytics AI analyzes more than 100 million pieces of content every day. "It's always tracking real-time employee sentiment, and it's always tracking real-time toxicity," Schumann said of the analytics tool. Amba Kak, executive director of the AI Now Institute at New York University, worries about using AI to help determine what's considered risky behavior.
Persons: George Orwell, there's, Slack, Jeff Schumann, Schumann, Jutta Williams, Williams, chatbot, he's, Orwell, Rather, Amba Kak, Kak, they're Organizations: Istock, Microsoft, U.S, Walmart, Delta Air Lines, Mobile, Chevron, Starbucks, Nestle, AstraZeneca, CNBC didn't, Delta, CNBC, Humane Intelligence, Goldman Sachs Asset Management, Nationwide, CBS, Meta, New York University, Federal Trade Commission, Justice Department, Opportunity Commission Locations: Columbus , Ohio, Chevron, United States, Slack
Australia's Senate passed a new bill on Thursday giving employees the "right to disconnect" after work. The bill allows workers to ignore unreasonable calls and emails from their bosses once they've clocked out. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAustralia's Senate passed a bill on Thursday giving employees the "right to disconnect" after work and ignore emails and calls from their bosses during their personal time.
Persons: they've, Organizations: Service, Australia's, Australian Greens, Business Locations: Australia's, Australia
Read previewTesla hiked pay for factory workers across the US last month. Internal documents viewed by Business Insider reveal how much the factory workers now make. Under the new pay guidelines that were announced in December and implemented on January 8, factory workers at Tesla make between $22 to $39 per hour, according to the internal documents. AdvertisementTesla divides its factory workers into seven levels, while leads are divided into two levels. The effort won't be without its challenges, as CEO Elon Musk has voiced confidence that a union isn't necessary and some Tesla workers previously told BI they'd be hard-pressed to join a union.
Persons: , Tesla, autoworkers, Shawn Fain, Elon Musk Organizations: Service, Business, Tesla, Fremont, US Bureau of Labor Statistics, Workers, Bloomberg, Toyota, Hyundai, United Auto Workers, Fremont Factory, UAW Locations: Austin , Texas, Sparks , Nevada, Fremont, Palo Alto , California, California, Nevada, Texas
While both rank-and-file workers and the C-suite see AI as a great opportunity for business transformation, both sides are skeptical over its deployment. McRae said many employers have anxiety over AI and pass that on to their employees. Employers, McRae said, need to better educate themselves about the opportunities and benefits of AI. McRae said that employers are often uncertain about where or how to deploy AI, leading to some trepidation. Once they see how AI can increase productivity and create new opportunities, they'll spread their enthusiasm for AI to employees.
Persons: aren't, Emily Rose McRae, McRae Organizations: Artificial Intelligence, Economic, Gartner, Employers, Employees Locations: Davos, Switzerland
WASHINGTON — House Judiciary Committee Chairman Jim Jordan has subpoenaed District Attorney Fani Willis of Fulton County, Georgia, demanding documents from her office following allegations that Willis fired a whistleblower who tried to stop a top campaign aide from misusing federal funds. In a letter Friday, Jordan says Willis has failed to comply with two earlier requests for documents related to her office's use of federal grant money. Willis' office has condemned Jordan's requests, writing last year in a letter to him that there is "no justification in the Constitution for Congress to interfere with a state criminal matter." "Instead of using these federal grant funds for the intended purpose of helping at-risk youths, your office sought to use the grant funds to 'get Macbooks ... swag ... [and] use it for travel,'" Jordan wrote. Willis' office did not immediately respond to a request for comment about the circumstances of the employee's departure.
Persons: Jim Jordan, Fani Willis, Willis, Jordan, Donald Trump, Georgia's, Trump Organizations: WASHINGTON, NBC News, House Republicans, Congress, Department, Washington Free Beacon Locations: Fulton County , Georgia, Ohio, Fulton County, Georgia
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The tech giant has been caught up in the wave of tech layoffs sweeping the industry. Unsurprisingly, the cuts have gone down badly with remaining Google employees, with some lashing out at the tech giant's "boring and glassy-eyed" leaders. "The reason they're taking it harder is that it's not a feeling of 'Google doing what Google has to do.' AdvertisementHe added: "Working for Google is just not as sexy and exciting as it used to be, especially if you are at risk of being laid off anytime."
Persons: , Sundar Pichai, Severance, Ben Hardy, Hardy, Thomas Roulet, it's, Roulet, They're, Google's Organizations: Service, Google, Business, London Business School, Workers Locations: Cambridge
Officials said the personal data of at least 263 journalists, whom they did not publicly identify, was illegally accessed and released. The leak exposes the journalists to potential identity theft and could compromise their physical security because the data includes home addresses. "The safety of our journalists is paramount, and we are deeply troubled by this leak of personal data. "What I'm most worried about is possible identity theft and that someone misuses my personal data to commit fraud," said Morales, designated as the paper's spokesman on the matter. Officials informed journalists of the "possible violation" on Monday after some saw images of their personal documents in news reports.
Persons: Brendan O'Boyle, David Alire Garcia, Andres Manuel Lopez Obrador's, Lopez Obrador, Alberto Morales Mendoza, Morales, Sofia Paredes, Christian Plumb, Cynthia Osterman, Neil Fullick Organizations: David Alire Garcia MEXICO CITY, Jornada, El Universal, Reuters, La Jornada Locations: Mexico, Spanish, Mexican
The student loan payment match program can benefit employees actively paying down student loan debt. The new student loan match program certainly can put employees in a better situation to start paying down student loan debt. How to get a 401(k) match for your student loan paymentInvesting platforms and third-party administrators have already begun adding student loan matches to existing employer-sponsored retirement plans. For example, Betterment launched a student loan 401(k) match benefit to its automated 401(k) plan, Betterment at Work. Secure 2.0 student loan match program — Frequently asked questions (FAQs)What is the Secure 2.0 Act student loan match?
Persons: , Teresa Greenip, you'll, Greenip, Sarah Levy Organizations: Employers, Service, Federal, Education Data Initiative, IRS, Fidelity, Secure, Chevron Locations: Aspiriant, Chevron
New study predicts that companies will rapidly adopt AI technology over the next decade. The study also found that over half of all jobs driving the US economy will be significantly impacted by AI, with a small percentage of workers losing their jobs and struggling to find new employment. AdvertisementCompanies will quickly adopt AI technology, impacting jobsThe model first examined how quickly businesses will adopt AI. AI will cause an economic boomThe surge in AI adoption by companies signifies a huge impact on the US economy, the study found. AdvertisementThis is supported by a recent McKinsey study showing that AI is more likely to enhance jobs than replace them.
Persons: , OpenAI, What's, Goldman Sachs, Cognizant Adrian Cooper, Cooper, Sam Altman, FABRICE COFFRINI Organizations: Service, Oxford Economics, McKinsey, Oxford
After two trips to my local Where Ya Bin store, I've seen enough returned Amazon items to last a lifetime. (Amazon would not answer specific questions about its relationship with bin stores and why certain products end up there. Gloria Dawson / Business Insider"People generally love it or hate it," Jason Carrick, the owner of Where Ya Bin, told me. What to expect when bin shoppingHours and prices at Where Ya Bin Gloria Dawson / Business InsiderI visited a Where Ya Bin store in Columbus, Ohio, on a Saturday and Wednesday in December. Despite my hesitations, I bought a few items and can see the benefits of bin store shopping.
Persons: , Gloria Dawson, I've, I'm, Jason Carrick, It's, Carrick, Bin Gloria Dawson, Kamala Harris, Hightower, Gloria Organizations: Service, Business, National Retail Federation, Bed, Amazon Locations: Local, Ohio , Florida, South Carolina, North Carolina, Columbus , Ohio, Bed Bath
Kyte Baby denied an employee's request to work remotely to care for her newborn. The Dallas-based baby apparel brand Kyte Baby has been under fire this week for taking a hard line on remote work. AdvertisementThe company agreed to let Hughes work remotely for two weeks to take care of her new baby, Moeller said. Liu herself is a mother of five who launched Kyte Baby after struggling to find baby apparel that would calm her daughter's eczema. She added, "We continue to apologize to both Marissa and our Kyte Baby community for how her maternity leave was handled."
Persons: Kyte Baby, Critics, TikTok, , Kyte, Marissa Hughes, Ying Liu, TikTok —, Liu, Hughes, Kailee Moeller, Moeller, She's, onesies, Kyte Baby's, Marissa Organizations: Service, Dallas, USA Locations: Dallas, El Paso
Silent sacking, Garrison told BI, "is how Amazon is going to reduce operational costs without negatively affecting the stock price. Some Amazon employees recently took to Slack to announce their resignations specifically over the return-to-hub policy. Another AWS employee told BI they feel like they are "doing the job of three people." Any suggestion to the contrary is untrue," the Amazon spokesperson said. Are you an Amazon employee or do you have insight to share?
Persons: they're, Justin Garrison, Garrison, wasn't, URA, hasn't, that's, Slack, RTO, we'd, They've Organizations: Service, Amazon, Business, BI, Amazon Web Services
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