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☆ Cross-border payroll is complicated — and risky. From tax and labor laws to forex and banking regs, here's what you need to know.
▼ + stars: | 2023-05-22 | by ( Sponsor Post | Created Papaya With Insider Studios | ) www.businessinsider.com time to read: +17 min

The challenges and complexities of cross-border payroll paymentsCross-border payroll payments can present several challenges and complexities for employers. Banking systemsSome countries have a less developed banking system, which can make the process of cross-border payroll payments more complex. Cons:Limited acceptance: In some countries, payroll cards may have limited acceptance, making them less attractive as a cross-border payroll payment method. The role of technology in streamlining the process of cross-border payroll paymentsMost payroll companies outsource the delivery of payroll payments. Manage cross-border payroll payments effectivelyAdopting a dedicated technology for global payroll payments — like Papaya Global — can make the process of paying your global workforce faster, smoother, and more reliable.

Persons: paychecks, Banks Organizations: Mastercard, Employers, Global, McKinsey Global, Insider Studios Locations: Canada, New York, India, United States, Belgium

☆ United unveiled the next phase of its brand new flight attendant uniforms to include a name tag with the employee's pronouns — take a look
▼ + stars: | 2023-05-18 | by ( Taylor Rains | ) www.businessinsider.com time to read: 1 min

United told Insider it has not determined how many pieces will make the final collection, but said "we will be testing a range of designs with this final wear test with the goal of paring down pieces...to promote a uniform look." United Airlines' is introducing employee pronouns on name tags. United Airlines

☆ Elon Musk is escalating his beef with Mark Zuckerberg, claiming WhatsApp 'cannot be trusted' and saying the Meta CEO seems 'extremely partisan'
▼ + stars: | 2023-05-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Elon Musk slammed Meta CEO Mark Zuckerberg on Monday, saying he seemed "extremely partisan." Elon Musk is amping up his beef with Mark Zuckerberg this week, saying the Meta CEO seems "extremely partisan," and blasting WhatsApp over privacy concerns. And on Tuesday, Musk moved on to criticizing WhatsApp, which is owned by Meta. And when Zuckerberg questioned Musk's negativity toward AI as "irresponsible" in 2017, Musk tweeted that the Meta CEO's "understanding of the subject is limited." Musk and Meta did not immediately respond to Insider's requests for comment sent outside regular business hours.

☆ There's a right way to give negative feedback to get positive results, according to a management professor. Here are 3 tips on how to deliver them.
▼ + stars: | 2023-05-09 | by ( Jessica Love | Kellogg Insight | ) www.businessinsider.com time to read: +7 min

Clinical professor Brooke Vuckovic shared how to give negative feedback at work. Whatever the problem, their performance is not up to par—which means it's time for a tough conversation. So as you prepare for a tough conversation about your employee's performance—and prepare you must—what should you keep in mind? Commit to listening well and staying attunedIn the drive to plow through to the end of the conversation, leaders too often fail to think through the skills required to foster a productive discussion. But even if the conversation is going quite smoothly, it is important to wrap up in a way that feels complete.

☆ Luckin Coffee — the Starbucks of China — is punishing staff for getting drink orders wrong by making them copy down lines of customer complaints: report
▼ + stars: | 2023-05-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Luckin Coffee is punishing staff by making them copy lines of customer complaints, Jiupai News reported. A Luckin customer service rep told the outlet the punishment aimed to encourage staff to read customers' notes. Punishing adults with copying lines is humiliating," read another response to the post. Luckin Coffee did not immediately respond to Insider's request for comment. A Luckin customer service staff told Jiupai News in April that it often receives customer complaints about wrong orders and the punishment was being administered so that staff does not forget to read customers' notes.

☆ Target CEO Brian Cornell earned 680 times its median employee's pay last year. And that was after he saw a pay cut.
▼ + stars: | 2023-05-03 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

The median employee — a part-time hourly worker — earned $25,993 for the full year. Cornell's pay ratio works out to 680 times that of the median worker, down from last year's figure of 775. That works out to a CEO-to-median worker pay ratio of 680 to one. McMillon's pay ratio was even higher, earning 933 times the typical worker's annual pay. Most companies argue that the mandatory CEO pay ratio figure should not be used to compare different types of businesses.

☆ 'Oh Amazon, why are you making this issue so difficult?' Employees who can't commute to their assigned offices fear the consequences.
▼ + stars: | 2023-04-28 | by ( Eugene Kim | ) www.businessinsider.com time to read: +10 min

Change in remote statusSome Amazon employees hired during the pandemic said they were promised permanent remote work, through what they saw as a "handshake agreement." One employee shared their vice president's email in the Slack channel, saying this manager was willing to be more flexible. People walk into the lobby of Amazon offices in New York. Over 30,000 Amazon employees joined an internal Slack channel shortly after the RTO announcement and signed a petition to demand a reversal of the mandate. "Amazon, oh Amazon, why are you making this issue so difficult?"

☆ Jamie Dimon's 'tone deaf' return to office mandate is getting pushback from JPMorgan staffers, who are complaining about being stuck on Zoom calls even while in the office: Reuters
▼ + stars: | 2023-04-28 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +4 min

JPMorgan is now mandating all managing directors work from the office five days a week. But that rubbed some workers the wrong way, who vented on an internal messaging system, per Reuters. They griped about being stuck in virtual meetings despite being in the office, long commutes, and family responsibilities. In the same video, Clarke even lauded one employee's work ethic who he said "sold their family dog" to improve work performance. Read the JPMorgan return to office memo in full here.

☆ Morgan Stanley's wealth business just keeps on winning
▼ + stars: | 2023-04-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

It's good to be Morgan Stanley these days. Amid a difficult market for Wall Street banks — thanks in large part to non-existent deal flow — Morgan Stanley's massive wealth business has been paying off big time. But Morgan Stanley's success isn't coming in a vacuum. -Meanwhile, UBS, arguably Morgan Stanley's biggest competitor in the space, was begrudgingly saddled with Credit Suisse's carcass. With wealth advisors, a key part of hiring includes offering "bonuses" that are actually loans.

The company's total revenue fell 4.3% to $29.69 billion in the quarter, but beat analysts' average estimate of $29.30 billion, according to Refinitiv data. However, adjusted losses from the ad-reliant platform widened to $704 million from $456 million a year-ago as Comcast continues to invest heavily in content. Theme parks revenue climbed nearly 25%, thanks to a rebound in attendance at its parks overseas and the lifting of COVID curbs in China. Comcast gained 5,000 broadband customers in the March quarter, while Factset had estimated a loss of 20,000 users. Overall, net income attributable to Comcast rose 8% to $3.83 billion in the quarter.

☆ Amazon's rush to bring employees back to office stirs anxiety over badge tracking, relocation, and impact on performance reviews
▼ + stars: | 2023-04-25 | by ( Eugene Kim | ) www.businessinsider.com time to read: +9 min

this person asked in the Slack channel called "remote-advocacy," according to a screenshot seen by Insider. Change in remote statusSome Amazon employees hired during the pandemic said they were promised permanent remote work, through what they saw as a "handshake agreement." One employee shared their vice president's email in the Slack channel, saying this manager was willing to be more flexible. People walk into the lobby of Amazon offices in New York. Over 30,000 Amazon employees joined an internal Slack channel shortly after the RTO announcement and signed a petition to demand a reversal of the mandate.

☆ Alphabet CEO Pichai reaps over $200 mln in 2022 amid cost-cutting
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +1 min

April 21 (Reuters) - Alphabet Inc (GOOGL.O) Chief Executive Sundar Pichai received total compensation of about $226 million in 2022, more than 800 times the median employee's pay, the company said in a securities filing on Friday. Pichai's compensation included stock awards of about $218 million, the filing showed. Early this month, hundreds of Google employees staged a walkout at the company's London offices following a dispute over layoffs. In March, Google employees staged a walkout at the company's Zurich offices after more than 200 workers were laid off. Reporting by Rishabh Jaiswal in Bengaluru; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Private equity firm Staple Street Capital valued Dominion at $80 million when it purchased a controlling stake in it in 2018. The Fox settlement was nearly 10 times that amount and far outstripped the $226 million average of four pre-election valuations cited in Fox's court papers. Dominion's damages claim in the Fox case was based upon a report it commissioned from an accounting expert, half of which remains under seal. It is difficult to place a dollar value on the U.S. voting-machine industry because Dominion and its competitors all are privately held. While Dominion's report cites dozens of lost clients due to Fox's coverage, the company still has landed recent contract renewals including in California's Republican-majority Kern County.

☆ Walmart says its CEO earned 933 times its median employee's pay last year
▼ + stars: | 2023-04-21 | by ( Ben Tobin | ) www.businessinsider.com time to read: +2 min

Walmart CEO and President Doug McMillon received total compensation of $25.3 million in the last fiscal year. In other words, McMillon got roughly 933 times the median compensation of a Walmart employee. The increase was met with mixed reactions from Walmart employees, as many said they were already making above $14 per hour. Though the pay difference between McMillon and his employees is above that average, Walmart hasn't cracked the top 20 for biggest pay gaps between CEOs and workers. Are you a Walmart worker?

☆ The Tesla factory where a worker was crushed to death had safety weaknesses, report says
▼ + stars: | 2023-04-19 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +2 min

Chinese inspectors want to punish Tesla after the death of a Shanghai factory worker, Caixin Global reported. A Chinese goverment investigation into the death of a Tesla employee in Shanghai concluded the electric carmaker has safety weaknesses, Chinese news site Caixin Global reported Wednesday. Meanwhile, people claiming to work at the Tesla Shanghai factory have complained on social media, and have appealed to Tesla CEO Elon Musk, saying their performance bonuses were cut after the employee's death. "Please pay attention to the performance of frontline workers at Tesla's Shanghai factory being arbitrarily deducted," one account tweeted. Two employees at Tesla's Shanghai factory told Reuters that supervisors pointed to a "safety incident" when they inquired about bonus cuts.

☆ If you're a new hire, you're more likely to be laid off—a Harvard expert's No. 1 way to rebound
▼ + stars: | 2023-04-19 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Amid the slew of recent layoff headlines, a question lingers: when a company cuts jobs, who is first on the chopping block? According to new data from BambooHR, a human resources software company, 65% of HR professionals typically approach layoffs by eliminating newly hired workers first. The report surveyed over 1,500 employees and human resource professionals from December 19 to January 4. Overall, it found that employees believe that in a wave of job cuts, the likelihood of getting laid off is 62% for recent hires and 20% for longstanding employees. She says laid-off new hires need to be smart about how they get back into the job hunt.

☆ Read the Q&A guideline Amazon shares with managers on how to answer pay-related questions from employees
▼ + stars: | 2023-04-18 | by ( Eugene Kim | ) www.businessinsider.com time to read: +23 min

To prepare managers to discuss pay with employees, Amazon shares a lengthy Q&A guideline that addresses some of the most pressing questions, according to internal documents obtained by Insider. This includes base pay, variable pay, other cash, and equity in the form of Restricted Stock Units (RSUs) or stock. A: We plan employee's total compensation in outlook years. Q: Why am I positioned at XX in my pay range and how can I increase my pay? Clearly and directly explain the reason there was no base pay increase:"Employee A, you are at the base pay max."

☆ Did you 'quiet quit'? Here's how to bounce back and regain motivation at work, according to a career coach.
▼ + stars: | 2023-04-15 | by ( Grace Mayer | ) www.businessinsider.com time to read: +6 min

Career coach Octavia Goredema shared tips on how to re-engage in your career after quiet quitting. If you've "quiet quit" your job, Goredema has tips on how you can reframe your mindset to feel motivated in your career once again. Thomas Barwick/Getty ImagesZoom out and reset your perspectiveTo bounce back from "quiet quitting," Goredema said you must first reframe your perspective. If you're burned out, you're likely focused on what isn't currently working in your job or career, Goredema said. Set 'career commitments'Once employees have reframed their headspace, Goredema said employees should focus on setting "career commitments," or consistent changes that reframe an employee's approach to work.

☆ 4 countries that are embracing—or experimenting with—the 4-day workweek
▼ + stars: | 2023-04-14 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

Dozens of countries including Ireland, Spain and the UK have tested a 4-day workweek, with overwhelmingly positive results: Businesses that participated in a six-month trial in the UK, which ended in December 2022, said switching to a 4-day workweek improved productivity, morale and team culture. Although no country has fully adopted a 4-day workweek, some countries are experimenting with one or have policies that allow workers to request a shorter schedule. Here are four countries where the 4-day workweek has been widely adopted, or is being tested:South AfricaMore than 500 employees at 28 companies are participating in South Africa's 4-day workweek trial, which began in March and will continue until September. IcelandBetween 2015 and 2019, Iceland led one of the largest 4-day workweek pilots to date, with close to 2,500 people participating. However, uptake of the 4-day workweek among businesses in Iceland's private sector "seems to be slow," he adds, as many employers are placing the onus on individuals to negotiate for worktime reductions instead of offering a 4-day workweek as an automatic benefit to all employees.

☆ Remote Jobs Going Back to the Office, Outsourcing to Cheaper Workers
▼ + stars: | 2023-04-13 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

Finding a remote job is getting more and more difficult. That's because competition for remote work in the US remains fierce, the number of job postings are on the decline, and some of the remote jobs that remain are being outsourced overseas. Companies are moving remote jobs overseasSome companies are embracing remote work, but not in the US. Instead, they're outsourcing jobs overseas and saving on labor costs. For Americans who are eager to snag that remote job, it's not all doom and gloom.

☆ This new paperwork rule could make getting student-loan forgiveness easier for government and nonprofit workers
▼ + stars: | 2023-04-13 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The Education Department updated guidance for applying for Public Service Loan Forgiveness. Previously, strict paperwork requirements caused many borrowers' applications to be rejected. President Joe Biden's Education Department updated guidance for the Public Service Loan Forgiveness (PSLF) program, which is intended to forgive student debt for government and nonprofit workers after ten years of qualifying payments. "FSA has begun to implement and test a digital employer signature for PSLF," an Education Department spokesperson told Insider. In October 2021, it implemented a limited-time waiver to allow previously ineligible payments to count toward a borrower's loan forgiveness progress.

☆ Some new offices are mini towns with their own restaurants, doctor offices, and hotels. Workers actually want to go.
▼ + stars: | 2023-04-13 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +9 min

The idea is getting replicated from the Bell Labs location, or Bell Works New Jersey, Keating said. The spaces run by Bell Works' own coworking brand, CoLab, are nearly 100% occupied. At Bell Works New Jersey, Zucker partnered with Toll Brothers to build a 185-home 55-and-over community. At BRIC, tenants can take advantage of a dozen art galleries, some of which show the work of building tenants. A lobby area near offices at Bell Works Chicagoland.

☆ How small businesses are using marketing techniques to demonstrate their values through social causes
▼ + stars: | 2023-04-11 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +9 min

Cause marketing can help businesses support social causes that align with their values and connect with customers. These experts say cause marketing should be equally balanced with the needs of the business. Cause marketing can include sponsoring events, fundraising, or raising awareness for a social or charitable cause. How cause marketing can benefit small businessesCause marketing can increase brand awareness for businesses and exposure for nonprofits, Conway said. When businesses support causes, it can also improve employee morale and help with hiring and retention, Conway said.

☆ An employee reportedly asked to go remote. Her CEO says he outsourced her job to India instead and saved 40% on labor costs.
▼ + stars: | 2023-04-11 | by ( Grace Mayer | ) www.businessinsider.com time to read: +3 min

CEO Johnny Taylor Jr. told WSJ he outsourced an employee's job after she requested it be remote. Hiring someone in India saved the company around 40% in labor costs, he told the Journal. Since the pandemic, some tech companies have hired remote workers overseas, sometimes amid layoffs. Some tech companies have already turned to overseas labor, including in Latin America, Europe, Africa, and the Middle East, Insider's Aki Ito reported. The year before, 17% of job postings offered remote work.

☆ A top TikTok lawyer reportedly laughed when an employee asked about a potential ban in US
▼ + stars: | 2023-04-07 | by ( Grace Mayer | ) www.businessinsider.com time to read: +3 min

A top TikTok lawyer was reportedly asked what the company would do if the app was banned in the US. Several countries banned TikTok on government devices, and India has an outright ban on the app. Australia recently moved to ban TikTok on government devices, a move that the United States, Canada, France, New Zealand, and the United Kingdom previously made. India has had an outright ban on TikTok in place since 2020. Still, experts have said a full TikTok ban in the US is the last possible option for the US.

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