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☆ Pay student loans or invest in your 401(k)? You may soon be able to do both at once
▼ + stars: | 2023-07-07 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

Following the Supreme Court's ruling on President Joe Biden's student loan forgiveness plan, interest on student debt will begin to accrue in September, with payments due in October. Borrowers with federal student loan payments currently owe $37,338, on average, with a median monthly payment of $250, according to the Education Data Initiative. But for certain workers — especially those with piles of student debt — finding room in the budget to invest for retirement can be difficult. Under the new law, employers can make matching contributions to workplace plans — including 401(k)s, 403(b)s, 457(b)s and SIMPLE IRAs — based on an employee's qualified student loan payments. In order to qualify for the match, workers must simply certify that student loan payments have been made.

Persons: Joe Biden's Organizations: Education Data

The seven-member California Supreme Court on Thursday unanimously ruled that allowing so-called "take home COVID" claims could encourage businesses to adopt precautions that slow the delivery of services to the public, or to shut down completely during pandemics. "Even limiting a duty of care to employees' household members, the pool of potential plaintiffs would be enormous, numbering not thousands but millions of Californians," Justice Carol Corrigan wrote for the court. Circuit Court of Appeals last year asked it to decide whether California law recognizes negligence claims against employers when workers spread COVID to household members. The 9th Circuit is considering Kuciemba's bid to revive her lawsuit after it was dismissed by a California federal judge. Business groups had argued that allowing take home COVID claims could prompt lawsuits by an infected employee's family and friends, and anyone infected by that circle of people, creating a never-ending chain of liability.

Persons: Corby Kuciemba, COVID, Carol Corrigan, Woodworks, Thursday's, Daniel Wiessner, Alexia Garamfalvi, Richard Chang Organizations: COVID, Victory Woodworks Inc, Kuciemba, San, Circuit, Thomson Locations: pandemics, California, San Francisco

☆ Diners are shocked to see a 4% 'employee healthcare' fee on their bills at an LA restaurant — but the owner says it's common
▼ + stars: | 2023-07-07 | by ( Nancy Luna | ) www.businessinsider.com time to read: +7 min

Diners are increasingly noticing restaurant surcharges. A Los Angeles eatery received blowback after a diner tweeted about its 4% healthcare surcharge. Some questioned if the owner would cancel an employee's health insurance on a slow night. If the restaurant has a slow day or u opt-out, do staff not get health insurance that day?" "As most LA diners will know, Alimento's 4% healthcare surcharge is hardly unique," he wrote.

Persons: Dave Anthony, Mr Dave Anthony, Lord, Anthony, Alimento, Zach Pollack, Instagram, Pollack, Condie, surcharges, Vinny's Organizations: Industry, Service, Twitter, Affordable, ACA, California Restaurant Association, Restaurant Association, Jon, Daily Mail, CRA Locations: Los Angeles, Wall, Silicon, Italian, Silver Lake, North America, California, San Francisco, Dallas

☆ Leaked email shows Adobe banning employee use of personal email accounts and corporate credit cards for generative AI apps
▼ + stars: | 2023-07-05 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

Adobe recently shared a do's and don'ts list for the use of generative AI apps at the company. It bans the use of personal email accounts and corporate credit cards when signing up for the apps. Adobe employees can't use personal email accounts or corporate credit cards when signing up for AI tools, like ChatGPT. Apple, Alphabet, and Samsung have also restricted employee use of generative AI tools. Stoddard said in the internal email that generative AI can "augment human creativity, not replace it."

Persons: Cindy Stoddard, Stoddard, Don'ts, Eugene Kim Organizations: Adobe, Apple, Samsung

The preliminary report said Nissan had installed two sets of security cameras at the entrance to Gupta's house in Tokyo's Shibuya ward, the people said. Uchida and Gupta, who was still a Nissan director and chief operating officer on June 20, were recused from the board meeting. In his letter, Nada asked for an international law firm to be brought in to investigate the surveillance of Gupta. Reuters was unable to determine if either law firm had made any finding about the harassment claim itself, beyond how it was handled. Nada said in his letter he understood that Japanese law firm Anderson Mori & Tomotsune had investigated the claim.

Persons: Ashwani Gupta, Makoto Uchida, Davis Polk, Gupta, Uchida, Nissan, Akira Takeuchi, Hari Nada, Nada, Iwata Godo, Motoo Nagai, Nagai, Anderson Mori, Tomotsune, Daniel Leussink, Maki Shiraki, Kevin Krolicki, David Clarke Organizations: Nissan, Renault, Reuters, NEW, Senior Renault, Thomson Locations: Yokohama, Tokyo's Shibuya, Tokyo, French, Austin , Texas

☆ Giant Food president says thieves are stealing 'everything' from shrimp to deodorant — and warns some grocery stores could close
▼ + stars: | 2023-06-27 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Giant Food, a mid-Atlantic grocery chain, could close stores due to theft, President Ira Kress said. He told WTOP that Giant is also limiting the number of items that customers can buy at self-checkout. This time, it's Giant Food, which operates about 170 stores in Delaware, Maryland, Virginia, and Washington, DC. Giant President Ira Kress told Washington DC radio station WTOP on Monday that thieves are stealing "everything," from shrimp to deodorant, at Giant's stores. Last year, Walmart CEO Doug McMillon said that the retailer could close stores or raise prices if theft continued.

Persons: Ira Kress, WTOP, —, Kress, he's, Doug McMillon Organizations: Service, Giant, Washington DC, Walmart, Foods, New York Times, Walgreens Locations: Delaware , Maryland, Virginia, Washington, Maryland, San Francisco, Amazon

☆ Remote work may benefit individuals but it harms teams, entrepreneur says
▼ + stars: | 2023-06-27 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

An entrepreneur said that remote work can benefit individuals but also harms teamwork. Major companies including Meta, Google, and Salesforce have reversed remote work policies. Wood pointed out that remote work especially harms junior employees and new hires. Major companies including Google, Meta, and Salesforce are reversing remote work policies that were introduced during the pandemic and ordering staff back to the office to boost productivity and collaboration. Meta's push toward office work is partly for the benefit of its junior employees.

Persons: —, Jake Wood –, Groundswell –, Wood, it's, Fortune, Mark Zuckerberg Organizations: Meta, Google, Service, New, Junior

June 26 (Reuters) - Certain banks working with FTX founder Sam Bankman-Fried's trading firm Alameda Research raised questions about the firm's wire activity as early as 2020, according to a report released by FTX on Monday. Federal prosecutors have alleged that Bankman-Fried stole billions of dollars in customer funds to plug losses at Alameda. He has previously said that when FTX did not have a bank account, some customers wired money to Alameda and were credited on FTX. In 2020, certain banks working with Alameda pressed the firm on its wire transfers, according to the report. One bank representative wrote to Alameda about references to FTX in the company's wire activity and asked whether the account was being used to settle trades on FTX.

Persons: Sam Bankman, FTX, Fried, Hannah Lang, Matthew Lewis Organizations: Alameda Research, Federal, Alameda, Thomson Locations: Alameda, FTX, An Alameda, Washington

☆ What to expect from work the next time faraway wildfires poison your commute
▼ + stars: | 2023-06-25 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +5 min

It may have helped Google to make a decision that many other East Coast employers did not that California-based companies have more experience with hazardous air quality issues. But one thing is certain: companies and workers should expect these wildfire-related air quality issues to return. The decisions companies make on these matters have significant legal and employee satisfaction ramifications, especially given the potential for future air quality issues. Air quality is becoming a broad employee health issue Between Covid, wildfires, radon and other environmental issues, there's been an increased awareness among employers and commercial real estate firms of the importance of air quality. Broadly speaking, companies need to be asking whether the systems they have in place are "adequate to ensure protection and safe air during very bad air quality events," he said.

Persons: David Dee Delgado, didn't, Eric Adams, Sedina Banks, Greenberg, Charles Simikian, Sara H, Dickinson Wright, it's, there's, Thomas Brugato, Nathan J, Oleson, Akin Gump, James Carbone Organizations: Summit, Vanderbilt, Getty, Google, New York, Safety, Health Administration, HR Partners, OSHA, Burling, Newsday Locations: Canada, New York, California, Asia, York, East, Maryland, Los Angeles, Washington, Covington, Islandia , New York

☆ San Antonio airport worker dies after being 'ingested' into airplane engine in apparent freak accident
▼ + stars: | 2023-06-25 | by ( Doha Madani | Austin Mullen | ) www.cnbc.com time to read: +1 min

Los Angeles, CA - March 29: Delta Air Lines unveils a new $1.9-billion Terminal 3 at Los Angeles International Airport on Tuesday, March 29, 2022 in Los Angeles, CA. An airport employee died on Friday night in what appears to be a freak accident at the San Antonio International Airport, authorities said. The worker, who was not identified, was "ingested" into an airplane engine at 10:25 p.m. Friday night, the National Transportation Safety Board said in a statement. A Delta Air Lines flight arriving from Los Angeles was taxiing to the gate on one engine. The San Antonio International Airport also confirmed an employee's death on Friday in a statement, according to NBC affiliate WOAI.

Persons: Delta Organizations: Delta Air Lines, Los Angeles International Airport, San Antonio International Airport, National Transportation Safety, NTSB, Federal Aviation Administration, San Antonio International, NBC Locations: Los Angeles , CA, Los Angeles

TOKYO, June 24 (Reuters) - Nissan (7201.T) has launched an investigation into claims by a senior adviser that Chief Executive Makoto Uchida carried out surveillance of his deputy Ashwani Gupta, four people with direct knowledge of the matter said. In the letter, Nada said Uchida carried out surveillance over a long period. Asked to comment on the surveillance investigation, Nissan said in response to Reuters: "Independent third parties have been retained to verify facts and carry out appropriate actions." Nada did not detail in the letter how he knew of the alleged surveillance of Gupta. Nada is a member of two executive committees established by Nissan in 2019 as part of a governance reform after the Ghosn scandal.

Persons: Makoto Uchida, Ashwani Gupta, Hari Nada, Nada, Uchida, Renault, Gupta, Nissan, Akira Takeuchi, Anderson Mori, Tomotsune, Carlos Ghosn, Ghosn, Jean, Dominique Senard, Luca de Meo, de Meo, Greg Kelly, Nissan's, Ampere, David Dolan, Gilles Guillaume, Kevin Krolicki, David Clarke Organizations: Nissan, Financial Times, Reuters, Renault, NISSAN, RENAULT, Thomson Locations: TOKYO, Tokyo, Lebanon, Japan, Paris

☆ Your 401(k) match is 'free money'—but you might not be able to take it with you when you leave
▼ + stars: | 2023-06-23 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

Here's what she and other financial pros say you should know about your 401(k) match. How a 401(k) match worksFirst, a quick reminder of how 401(k) matches work and why financial planners love them so much. "I would invest enough to get the company match first, before paying off high interest rate loans," says Jeremy Finger, a CFP and founder of Riverbend Wealth Management. What is a 401(k) vesting schedule? Any 401(k) match you receive from your employer likely comes with some strings attached.

Persons: Kevin Brady, Catherine Valega, Jeremy Finger, they've, you'll Organizations: Wealthspire Advisors, CNBC, Green Bee, Riverbend Wealth Management, Employers Locations: New York City, Winchester , Massachusetts

☆ Stop using the phrase 'soft skills,' says millionaire bestselling author—here's what to do instead
▼ + stars: | 2023-06-23 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

When you think of the phrase "soft skills," you probably think of a few specific traits: emotional intelligence, interpersonal ability, an adeptness at communication. That's fine, says millionaire bestselling author Seth Godin — just stop calling them "soft." AI has already automated some traditional vocational skills, from coding and data analysis to copywriting and even architectural design. That's why many companies pay "less attention to soft skills when hiring," Godin wrote. Eighty-nine percent of employers say poor soft skills are a sign of a "bad hire," according to a LinkedIn survey conducted in 2018.

Persons: Seth Godin —, Godin, —, you've, Heidi Brooks, coders, salespeople Organizations: TED, Wall Street, Yale University's School of Management

☆ A boss who dumped 91,500 pennies on an ex-employee's driveway was ordered to pay $40,000
▼ + stars: | 2023-06-22 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

An autoshop owner has been ordered to pay almost $40,000 in back wages and damages. Miles Walker previously dumped 91,000 pennies on a former employee's driveway. The US government sued him for repeatedly failing to pay wages and illegal retaliation. He was sued by the US government for repeatedly failing to pay wages and illegal retaliation against an ex-worker, according to the lawsuit viewed by Insider. When Walker was contacted by the department, he said he wouldn't pay Flaten a penny.

Persons: Miles Walker, —, Andreas Flaten, Walker didn't, Walker, Flaten, Tremelle Howard Organizations: Service, Department of Labor, Labor Locations: Peachtree City , Georgia, Fayetteville , Georgia, Atlanta

CNN —The Vatican said Thursday it will hand over evidence in the disappearance of a 15-year-old daughter of one of its employees 40 years ago to the Rome city prosecutor. Emanuela Orlandi, who was the daughter of a prominent Vatican employee and lived within the walls of the holy city, disappeared in the summer of 1983 while on her way home from a music lesson in central Rome. Her father, Ercole Orlandi, who died in 2004, worked for the Institute for the Works of Religion in the Holy See. Her mother, Maria Orlandi, still lives in the family apartment in Vatican City. A year later, the Vatican agreed to exhume the tomb of two princesses thought to be buried in the cemetery of the Pontifical Teutonic College inside the Vatican City.

Persons: Emanuela Orlandi, Alessandro Diddi, ” Pietro Orlandi, Antonio Masiello, Diddi, ”, “, Pietro Orlandi Orlandi, Ercole Orlandi, Maria Orlandi, Pietro Orlandi, Castel Sant ’ Angelo, Pope, Angelus, Orlandi, Mark Lewis, Mehmet Ali Agca, John Paul II, ’ Organizations: CNN, Vatican, Dei Catholic, Institute, Religion, Pontifical Teutonic College, Vatican City Locations: Rome, Vatican, St, Piazza Navona, Vatican City, Italy

The current National Pension Scheme requires employees to contribute 10% of their basic salary and the government 14%. But, "we will not go back to the old pension system," said one senior government official. This compromise, the government believes, will assuage the concerns of states that went back to the old pension system and cover the whole country with one fiscally sustainable pension scheme, both the sources said. Recently, states including Rajasthan, Jharkhand, Chhattisgarh, Himachal Pradesh and Punjab have opted to move back to the old pension system. Reuters GraphicsThe government officials said that the amended pension scheme will not stress the budget math as much.

Persons: Narendra Modi, Modi, Aftab Ahmed, Nikunj, Savio D'Souza Organizations: Reuters, Pensions, Thomson Locations: DELHI, Rajasthan, Jharkhand, Chhattisgarh, Himachal Pradesh, Punjab

☆ Tech workers blast startup CEO who said he didn't want to hire workers focused on pay, or those who want to 'clock in and out'
▼ + stars: | 2023-06-17 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Careem CEO Mudassir Sheikha said he didn't want to hire people focused on high pay or work hours. Some workers on Blind called the CEO's LinkedIn post "tone deaf" and "cringe." Tech workers took to the employee-forum Blind to criticize a startup CEO after he wrote a list of characteristics that he didn't want in new hires, including staff who prioritized pay and wanted to "clock in and clock out" of work. The Roblox employee was one of many tech workers to take issue with the LinkedIn post. "A honest, helpful & concise description of the company culture from the CEO," Shankar said.

Persons: Mudassir Sheikha, Careem, We're, Binod Shankar, Shankar, I've Organizations: LinkedIn, Morning, Tech, Uber, Microsoft, Startup, United Arab Emirates, National Locations: Careem, Dubai

☆ India's outsourcing giants cut hiring; disheartening for economy, students
▼ + stars: | 2023-06-12 | by ( Navamya Ganesh Acharya | ) www.reuters.com time to read: +7 min

There are pockets of optimism elsewhere in the services sector - especially in accounting, where there is a surge in hiring. NLB sees a 20-25% drop in IT employee additions in the first half of the current financial year, while TeamLease Digital expects a 40% decrease for the entire year. Nasscom declined comment on the hiring slowdown. That has "surely left applicants concerned about future prospects", said staffing firm Xpheno's co-founder Kamal Karanth, who highlighted how current hiring activity was "under a third of what was recorded in the buoyant peak". Pai highlighted sectors such as financial services, consumer goods, specialised manufacturing, medicine, law, chartered accounting and other services as more viable options.

Persons: Rohit Azad, Azad, Rishad Premji, Sakshi Gupta, Sachin Alug, NLB, Nilanjan Roy, Nasscom, Gautam, Xpheno's, Kamal Karanth, LTIMindtree, Karanth, Siana, Siddharth Pai, Pai, Dhanya Skariachan, Raju Gopalakrishnan Organizations: New, Jawaharlal Nehru University, Wipro, HDFC, Apple, Citigroup, American Express, Europe's Credit Suisse, UBS, NLB Services, TeamLease, IT, Tata Consultancy Services, Infosys, Reuters Graphics, Sethuraman, Thomson Locations: BENGALURU, India, Punjab

☆ Why most workers view in-person work as better for career advancement
▼ + stars: | 2023-06-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy most workers view in-person work as better for career advancementCNBC's Sharon Epperson joins 'Power Lunch' to discuss the value of working in-person, policies that support career growth, and how A.I. could improve an employee's work performance.

Persons: CNBC's Sharon Epperson

☆ I'm a small-business owner in the blockchain industry. I relied on 3 tactics to lead my company through a 'crypto winter' and other volatility.
▼ + stars: | 2023-06-07 | by ( Erin Greenawald | ) www.businessinsider.com time to read: +7 min

With a few strategic moves, the cofounder was able to grow the company during industry uncertainty. During times of "feast," we learned to become agile and adaptable, quickly capitalizing on opportunities for growth and expansion. While we originally sought to work with enterprises, "crypto winter" was taking a huge toll on the industry and we were no exception. For example, during the latest downturn, we spent time building up our accelerator program, Web3 Launchkit, which helps founders learn all the pieces to launch a successful crypto company. Some people were happy to forgo regular cash to receive compensation in a combo of crypto and equity, for example.

Persons: —, Altif Brown, Filecoin, Dor, Web3, we've, We've Organizations: Constellation, Service, Constellation Network, US Department of Defense, Enterprises

Venkatakrishnan's intervention underscores the pressure that the British bank is under to protect its U.S. investment banking franchise. Venkatakrishnan promised during the meeting to invest in the investment banking business to boost morale, the sources said. Miller left Barclays to join Jefferies last month, while Barclays only announced a new role for Astier this week, naming him global head of financial sponsors. Still, the exodus that Venkatakrishnan and other Barclays executives have been trying to stem has continued apace. But it was its consumer, cards and payments division, rather than investment banking, that led the charge.

Persons: C.S, Venkatakrishnan, dealmakers, Cathal Deasy, Morgan Stanley, Taylor Wright, Marco Valla, Deasy, John Miller, Jean, Francois Astier, Miller, Jefferies, Jim Rossman, Christopher Ludwig, Pete Contrucci, Evan Rothenberg, Daniel Kerstein, Contrucci, Rothenberg, Kerstein, Milana Vinn, Abigail Summerville, David Carnevali, Svea Herbst, Bayliss, Anirban Sen, Greg Roumeliotis, Christopher Cushing Organizations: YORK, Barclays, Citigroup Inc, UBS Group AG, Jefferies Financial Group Inc, Reuters, Credit Suisse Group AG, UBS, Lazard Ltd, Credit Suisse, Svea, Thomson Locations: Americas, Europe, Middle East, Africa, United States, New York, Rhode Island

☆ A woman who works out of a tiny home and gets weekly massages at the office says her job has 'all the perks'
▼ + stars: | 2023-06-01 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +4 min

In January, Kylie Goodwin, who works in accounting, posted a TikTok video of offices in tiny homes. Goodwin said the workspaces within the tiny homes are just one of the perks of working there. An FHS employee responded by email to Insider's request for comment about the tiny homes but didn't provide more detail. Tiny homes are all the rage right now, from handcrafted luxury models that are over $175,000 to tiny homes sold on Amazon that cost a few thousand dollars. "My job has all the perks," Goodwin wrote.

Persons: Kylie Goodwin, Goodwin, —, Kylie Goodwin —, FHS, commenter Organizations: Service, FHS Property Management, Home Solutions, FHS Locations: Missouri, Springfield , Missouri

☆ Amazon's Ring will pay $5.8 million to settle FTC lawsuit alleging employees and third-party contractors had unrestricted access to customer videos
▼ + stars: | 2023-05-31 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Amazon's Ring will pay the FTC $5.8 million to settle a lawsuit claiming privacy violations, according to Wednesday court filings. The FTC alleged Ring employees and third-party contractors had unrestricted access to customers' video recordings. Amazon-owned smart doorbell company Ring agreed to settle a lawsuit filed against the company by the Federal Trade Commission regarding privacy and data security concerns. "Ring promptly addressed these issues on its own years ago, well before the FTC began its inquiry," a Ring spokesperson told Insider. "Only after the supervisor noticed that the male employee was only viewing videos of 'pretty girls' did the supervisor escalate the report of misconduct," the FTC alleged in its complaint, obtained by CNN.

Persons: Brian Huseman Organizations: FTC, Federal Trade Commission, Amazon, CNN, CNBC Locations: Ukraine

☆ Noncompete clauses 'chill' worker rights and are usually illegal, NLRB lawyer says
▼ + stars: | 2023-05-30 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +5 min

Noncompete clauses likely violate federal labor law, NLRB's general counsel wrote Tuesday. Criticism from across the aisleWorker advocates have long maintained that noncompete clauses are an unjust infringement on liberty that reduces employees' earning potential. But noncompete clauses have also attracted critics on the right. The criticism from both sides of the political spectrum comes as noncompete clauses have expanded from high-salary workers in fields such as technology and finance to lower-wage professions, such as fast food. That proposed rule, which will be subject to a legal challenge if and when it is finalized, came after the White House encouraged the commission to tackle noncompete clauses, framing them as a barrier to healthy competition and wage growth.

Persons: NLRB's, —, Joe Biden, Jennifer Abruzzo, Biden, Najah Farley, John Lettieri, Insider's Juliana Kaplan Organizations: Workers, Service, Companies, National Labor Relations Board, National Labor Relations Act, Worker, National Employment Law, American Enterprise Institute, Federal Trade Commission, House Locations: Abruzzo, California , Massachusetts, Illinois

☆ Dollar Tree is considering locking up products to deter theft
▼ + stars: | 2023-05-25 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Dollar Tree faced higher "shrink" during the company's first quarter, executives said Thursday. Like many retailers, Dollar Tree is considering "defensive merchandising" or restricting product access. One of the steps Dollar Tree is considering is "defensive merchandising," a retail industry term for locking up merchandise and requiring customers to retrieve it with an employee's help. The chain also said its customers bought more groceries and other consumable goods, which generally are less profitable than other things Dollar Tree sells. Do you work or shop at a dollar store and have a story to share?

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