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☆ The Equity Talk: Volkswagen North America's CEO plans to roll out dozens of electric vehicle models and boost diversity at the company
▼ + stars: | 2023-01-05 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +9 min

Volkswagen North America CEO Pablo Di Si wants the company to become the top EV seller in the US. Di Si also plans to raise the number of women in leadership roles at Volkswagen North America from around 16% to more than 20% by 2025. For Di Si, diversity and inclusion are personal. He immigrated to the US from Argentina when he was a teen, and he's also the first Hispanic chief of Volkswagen North America. The Volkswagen North America CEO told Insider he wants to increase the number of women in leadership positions as well as those working in factories.

☆ Happy Fed Year: What’s on deck for the central bank in 2023
▼ + stars: | 2022-12-30 | by ( Alicia Wallace | ) edition.cnn.com time to read: +6 min

Minneapolis CNN —America’s central bank found itself in a glaring spotlight for much of this past year, as Federal Reserve Chairman Jerome Powell wielded blunt tools of interest rate hikes and quantitative tightening to curb surging inflation. That means the Fed, with its “laser focus on the job market,” could be “continually hawkish” at the start of 2023, said Ross Mayfield, investment strategy analyst at Baird. “This latent strength in the job market could be the reason that the Fed over-tightens,” he told CNN. Jerome Powell, chairman of the US Federal Reserve, from right, Lael Brainard, vice chair of the board of governors for the Federal Reserve System, and John Williams, president and chief executive officer of the Federal Reserve Bank of New York, during a break at the Jackson Hole economic symposium in Moran, Wyoming, on Aug. 26, 2022. That’s 0.2 percentage points higher than the 4.4% rate they were expecting in September and significantly higher than the current 3.7% rate.

☆ 11 healthtech founders who raised funding in 2022 reveal the crucial things they did to create successful pitch decks
▼ + stars: | 2022-12-27 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +2 min

A VC downturn is upon us, but healthtech founders will still have opportunities to raise capital. Healthcare founders at Salvo Health, Parallel Learning, and other startups raised money in 2022. 11 healthtech founders told Insider their best pieces of pitch-deck advice. "We need to invest in consumer-first experiences within the healthcare system that will ultimately lead to better outcomes." Insider spoke with 11 healthcare founders who collectively raised more than $146 million from investors in 2022.

☆ VCs say hybrid work, generative AI, and niche collaboration tools will be some of the top future-of-work trends that dominate 2023
▼ + stars: | 2022-12-20 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +6 min

Insider talked to VCs about the rising trends they say will revolutionize the way we work and live. Insider spoke with 15 venture capitalists about the trends and verticals they think are most likely to revolutionize the way we work and live today. Therefore, startups that will thrive going forward are those that embrace a mix of in-person and remote work, known as hybrid work, Thacker and other VCs said. An increase in workers caregiving for aging or sick family members is also supported by flexible work, the CRV general partner Kristin Baker Spohn said. "A lot of employees, whether it's the Great Resignation or the pandemic, found themselves changing the way that they work."

☆ 2022 in gender equality: Share of female Fortune 500 CEOs hits all-time high, but other progress stalls
▼ + stars: | 2022-12-20 | by ( Morgan Smith | ) www.cnbc.com time to read: +6 min

Women continue to face a significant wage gap that has hardly budged over the last 15 years, with women of color bearing the brunt of the disparity. The year "2022 really is a mixed bag when it comes to gender equality," says Melissa Boteach, the vice president for income security and child care/early learning at the National Women's Law Center. Aside from that victory, there has been little progress in closing the gender wage gap over the past decade. This year, the wage gap narrowed by one penny. The wage gap Black women face narrowed by about four cents in one year, while Latinas' wage gap didn't budge at all.

☆ Parental leave is the greatest benefit workers don't take
▼ + stars: | 2022-12-14 | by ( Rebecca Knight | Shana Lebowitz | ) www.businessinsider.com time to read: +8 min

The share of US workers who have access to family leave, including parental leave, is increasing. Like many women, Amanda Krupa took less parental leave than she was allowed in order to protect her career and income. The rate of women taking maternity leave hasn't changed since the '90sThe US is the only industrialized country that doesn't guarantee paid parental leave. Some employers offer short-term-disability insurance to help cover workers' parental leave, but it doesn't always replace all wages. Today, all employees there are eligible for 16 weeks of paid parental leave.

☆ I burned out trying to juggle a side hustle and full-time job. Here's the 5-step plan I used to decide when it was time to go all-in on my business.
▼ + stars: | 2022-12-13 | by ( Leah Phifer | ) www.businessinsider.com time to read: +7 min

She left her job in the government in May to focus exclusively on her small business. This plan was based on financial advice I derived from a variety of reputable sources, including the Forbes Expert Panel and Harvard Business Review. About three months into my plan, I was working 15 to 20 hours a week on my business while also juggling a 40-hour workweek. I was nervous, as we'd spent so much time putting together the financial plan to take my business full-time. Focusing on my business full-time allowed me to better assess the market, illuminating needs my original business plan didn't address.

☆ Men and women asked for raises this year at the same rate, but men were more likely to get them
▼ + stars: | 2022-12-13 | by ( Jennifer Liu | ) www.cnbc.com time to read: +1 min

Americans say they're handling record inflation by trying to up their income, including by asking for a raise at work. However, men were more likely to actually get a pay bump: 59% of men received a raise in the last year, compared with 52% of women, according to the survey. According to the Make It survey, women are more likely than men to be part-time workers or not employed at all. Women who ask for raises could also be getting less of a bump and make less money overall. Nearly half of women surveyed earn below $50,000, compared with about 1 in 3 men in the same income group.

☆ Long Covid is distorting the labor market — and that's bad for the U.S. economy
▼ + stars: | 2022-12-08 | by ( Greg Iacurci | ) www.cnbc.com time to read: +13 min

She eventually learned that the balance issues and ear pain resulted from a damaged vestibular nerve, a known effect of long Covid. She found that 2 million to 4 million full-time workers are out of the labor force due to long Covid. For one, many of the hundreds of potential long Covid symptoms are invisible to others, even if disabling for the afflicted. Why the long Covid labor gap mattersJerome Powell, chair of the Federal Reserve, mentioned Sheiner and Salwati's long Covid research in a recent speech about inflation and the labor market. That burden will continue to rise if long Covid patients don't start recovering at greater rates, she said.

☆ The Caregiver's Lament: How to handle the costs of care
▼ + stars: | 2022-11-29 | by ( Chris Taylor | ) www.reuters.com time to read: +5 min

In fact, the United States has 53 million unpaid caregivers, according to a study by the National Alliance for Caregiving and the AARP. No wonder 62% of caregivers for loved ones with disabilities or special needs report being overwhelmed by financial stress, according to Fidelity. However, “programs do exist at the federal and state level to help families and caregivers,” said Dyvonne Body, author of the Aspen Institute report. “In our surveys, 46% of caregivers don’t even think to ask about benefits like that,” said Fidelity’s Stoddard. Long-term care insurance helps with issues like home healthcare and nursing homes, with policy premiums generally cheaper the earlier you secure coverage.

☆ Rare success for Alzheimer's research unlocks hope for future therapies
▼ + stars: | 2022-11-29 | by ( Julie Steenhuysen | ) www.reuters.com time to read: +6 min

Eisai and Biogen are scheduled to present full data from their lecanemab study on Tuesday at the Clinical Trials on Alzheimer's Disease conference in San Francisco. Lecanemab’s success rests on years of research into the causes of Alzheimer’s as well as advances in measuring amyloid deposits through brain scans and spinal fluids. At least 16 treatments are being tested in clinical trials, with results expected over the next three years, according to a Reuters review of the clinicaltrials.gov registry. The drugmaker has been largely absent from the Alzheimer's space after the high-profile failure of its drug verubecestat five years ago. But several antibody therapies from Lilly, Biogen and AbbVie(ABBV.N) that were designed to slow the rate of tau accumulations failed outright last year.

☆ JPMorgan will now give all new parents 16 weeks of leave, 3 years after settling a parental leave discrimination case for a record $5 million
▼ + stars: | 2022-11-18 | by ( Britney Toh | Huileng Tan | ) www.businessinsider.com time to read: +3 min

JPMorgan will give all new parents in the US 16 weeks of paid leave from January 1, 2023. That's a departure from current policy, which gives 16 weeks paid leave to the primary caregiver and six weeks to the secondary caregiver. In 2019, the bank paid a record $5 million to settle a parental leave discrimination lawsuit. The new parental leave policy giving 16 weeks of leave to either parent, will come into effect on January 1, 2023. The bank's current policy gives 16 weeks of paid leave to the primary caregiver and six weeks of leave to the secondary caregiver.

☆ Telehealth is soaring. Here's how telecommunications companies are racing to help patients through 5G technology.
▼ + stars: | 2022-11-11 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +7 min

During the difficult months of lockdown, many healthcare professionals conducted nonemergency appointments remotely to protect their patients and prevent COVID from spreading even further. Sanjiv Gossain, the group vice president and head of EMEA at Verizon Business, said that 5G technology will help the healthcare industry solve some of its biggest challenges. 5G use is increasing in health servicesMore companies are joining the effort to make healthcare more accessible through 5G technology. Joe Drygas, the vice president of healthcare solutions at AT&T, said that 5G will allow even more people to access healthcare globally. While cost and infrastructural challenges remain, 5G technology has already begun to transform healthtech and patient care.

☆ This 26-year-old college dropout's clothing company brings in $27,000 a month—and NBA players wear his designs
▼ + stars: | 2022-11-05 | by ( Megan Sauer | ) www.cnbc.com time to read: +7 min

Before his streetwear brand BrownMill took off, Justis Pitt-Goodson designed, sewed and sold his own bow ties to his middle school peers. In high school, Pitt-Goodson and two friends built the idea for the streetwear brand. The company attracts NBA players as customers and brought in $327,000 in revenue last year, according to documents reviewed by CNBC Make It. Courtesy of Justis Pitt-GoodsonAfter befriending his two future business partners, Taha Shimou and Kwaku Agyemang, in high school, Pitt-Goodson studied business management at Rutgers University-Newark. The brand brought in $86,000 in 2020, enabling the founders to put down a $7,000 deposit on a Newark storefront that opened in June 2021.

☆ Workers lacking paid leave quit at higher rates in pandemic, report shows
▼ + stars: | 2022-10-25 | by ( Eli M. Rosenberg | Eli Rosenberg Is An Investigative Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +6 min

The report found that workers without paid sick leave quit at three to four times the rate of comparable workers between 2019 and 2021. About a quarter of workers in the U.S. do not have paid sick leave, a proportion that is higher among lower-wage workers. In the congressional report, salaried workers — who typically enjoy more benefits and stability — fared better than hourly workers within companies. Female hourly workers experienced worse outcomes than male hourly workers 30% of the time, but among salaried workers, the difference was less than 10%. Both Black and Asian hourly workers were less likely to be promoted than their white counterparts, while Black hourly workers were fired at higher rates than white ones.

☆ Walmart, Disney among top 12 employers that laid off thousands during the pandemic, House inquiry finds
▼ + stars: | 2022-10-25 | by ( Chelsey Cox | ) www.cnbc.com time to read: +6 min

Black hourly workers at Walmart were also reportedly fired twice as often as white hourly workers in 2020, at 19.7% vs. 10.4%. Members of this group were also fired three times as frequently, 19.7%, as Black salaried employees at 6.3% and almost five times as frequently, 19.7%, as white salaried employees at 4%. In comparison, 10.2% of male hourly workers and 12.4% of female hourly workers with access to sick leave quit that year. Chevron's hourly workers did better than salaried workers more than half the time and while Exxon's hourly workers fared better than salaried workers 40% of the time, according to the report. For instance, Walmart generally did not allow hourly workers to use paid time off benefits until after 90 days of employment.

☆ The economic sexism of being a stay-at-home mom cost me years of career momentum, salary, and the ability to save for retirement — but I'd do it again
▼ + stars: | 2022-10-12 | by ( Lygia Navarro | Read More | Read Less | ) www.businessinsider.com time to read: +6 min

I had to depend more on my partner's salary and fell out of touch with professional contacts. Thanks to my partner's salary, my six-month-leave stretched longer. I was still saddled with societal pressures around work: working mom friends quizzed me constantly about my return, and I stressed about being "unproductive." While my partner's salary covers our basic living expenses, and mine goes to savings and student debt, our kid doesn't have a college fund yet — and we won't be able to retire before our 70s. The economic sexism of caregiving cost me years of career momentum, salary, and the ability to save for retirement — even more worrisome now that I am disabled by long COVID.

☆ What to expect from Friday’s jobs report
▼ + stars: | 2022-10-06 | by ( Alicia Wallace | ) edition.cnn.com time to read: +5 min

The US economy is forecast to have added 250,000 jobs in September, which would be the lowest monthly jobs gain since December 2020. August jobs data already indicated that the historically tight labor market has loosened by a notch. The jobs report for that month found that America added 315,000 positions, a much lower level than the 512,000 average job gains over the past 12 months. The unemployment rate will likely have to rise despite these downward demographic pressures, and that likely would have to come from people losing their jobs. It’s not going to be a painless slow grind.”The September jobs report is among the key economic data that Fed policymaking officials will review when they meet in early November to discuss how to stifle stubbornly high inflation.

☆ Nearly 70% of Americans are looking for extra work to combat inflation
▼ + stars: | 2022-09-27 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

Starting this week, Petree will work his full-time job during the week and as a part-time cashier at Lowe's on the weekends. Nearly 70% of Americans are looking for extra work to combat inflation, according to more than 1,000 full-time workers, part-time workers and unemployed workers surveyed by Bluecrew, a workforce-as-a-service platform, in September. In many cases, those looking for work already log 40 hours during the week and are picking up extra shifts or gig work on nights and weekends, Laurinas says. Nearly 5% of employed Americans hold multiple jobs, according to data from the St. Louis Federal Reserve, including 440,000 people who hold two full-time jobs — a record high. What recession concerns could mean for extra work

☆ Fed Chair Powell warned of ‘pain’ to come. Seniors on fixed incomes are already feeling it
▼ + stars: | 2022-09-26 | by ( Martha C. White | ) edition.cnn.com time to read: +8 min

“Social Security comes up short by at least $1,000 [a month] in many locations. John Harriger, a resident of Chilhowie, Virginia, suffered a disabling back injury in 1994 and relies solely on Social Security for income. “I get about $1,800 a month [from Social Security] but… when gas and groceries started going up, I couldn’t make it any more. Sites, who relies wholly on Social Security for her income, said she worries what will happen when the mortgage on her home near Asheville, North Carolina, resets. This has a pass-through effect on the financial security of older Americans.

☆ A 32-year-old CMO took advantage of his company's work-from-anywhere policy to spend 3 months in Spain. Here's what his days are like.
▼ + stars: | 2022-09-07 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

His employer, Enablix, has a work-from-anywhere policy and he received support from his manager. Ziech-Lopez and his family are considering a permanent stay after their initial three months. Luckily, Ziech-Lopez works for Enablix, an Atlanta-based marketing-software firm that has a work-from-anywhere policy. While leaping into the unknown can be daunting, one person's journey can shed light on what a work-from-anywhere policy looks like on the ground. The green space in Madrid, Ziech-Lopez said, is striking.

☆ 67% of pandemic 'boomerang kids' are still living with mom and dad
▼ + stars: | 2022-09-06 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

watch nowWhy so many young adults live with mom and dadOverall, multigenerational living is on the rise and has been for years. In 2020, the share of those living with their parents — often referred to as "boomerang kids" — temporarily spiked to a historic high. Now, 25% of young adults live in a multigenerational household, up from just 9% five decades ago. A smaller share live in their own home and have a parent or other older relative stay with them. The percentage of young adults living with parents or grandparents is even greater among men and those without a college degree.

☆ A mom of a disabled child receives $5,000 a month through an Oregon paid caregiver program — but she's scared of what will happen when the payments stop this year
▼ + stars: | 2022-07-23 | by ( Leo Aquino | Stephanie Hallett | Read More | ) www.businessinsider.com time to read: +6 min

Her daughter is disabled and requires round-the-clock care, so she's unable to work outside the home. Because their daughter is immunocompromised, the family have been isolating and taking extra precautions even before the COVID-19 pandemic started. Parents themselves are not eligible to be paid as caregivers for their own children through this program. However, according to the Oregon Office of Developmental Disabilities Services (ODDS), paying parents of minor children with disabilities for their caregiving services was "prohibited" under Medicaid rules before the pandemic. Now, through that Medicaid program, the family receive $5,000 a month for their daughter's full-time care.

☆ 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.

☆ Meet the 'sandwich generation': Financially strapped Gen Xers helping out both their parents and their children
▼ + stars: | 2022-04-26 | by ( Hillary Hoffower | ) www.businessinsider.com time to read: +3 min

Most members of "the sandwich generation" are Gen Xers, per a new Pew report. Sandwiched adults have a parent age 65 or older and either a young child or an adult child they've helped financially. Gen X, who turn ages 42 to 57 this year, make up the majority of this demographic. Gen X caregivers are typically employed, with most saying caregiving has had at least one impact on their work. That flips for those in their 50s, most of whom have an adult child they've helped financially.

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