DIRS.INFO The most relevant business & tech news

☆ I worked overtime at an Amazon warehouse in the run-up to Christmas. It's like being in the gym for 10 hours straight, six days a week.
▼ + stars: | 2022-12-24 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +6 min

An Amazon worker told Insider they got depressed after working six days a week before Christmas. My role at an Amazon warehouse is in inventory control. Last year's peak season was really hardI volunteered to increase my overtime from five to six days because I wanted to earn more. In response to this warehouse worker's comments, an Amazon spokesperson told Insider: "Working in a warehouse is not for everyone. They added: "The fact is, if you want to work in a warehouse, you'll want to work at Amazon.

☆ Netflix is still hiring for hundreds of roles across its games studio, engineering teams, and more. Salary data shows how much the company has offered for 180 different jobs.
▼ + stars: | 2022-12-22 | by ( Ashley Rodriguez | Elaine Low | ) www.businessinsider.com time to read: +4 min

Netflix offered base salaries between $40 an hour and $800,000 a year for certain roles, data shows. The company doesn't disclose salary data, but, like other US firms, it discloses how much it plans to pay workers it hires on US visas. Many of the roles offered six-figure base salaries. Netflix may choose to pay employees more than the figures reflected in this data or compensate them in additional ways. Based on the data, Netflix offered annual base salaries ranging from $40.45 per hour to $800,000, with a median of $184,080, for various roles.

New legislation working its way through Congress could improve retirement security for U.S. workers. The plan is part of a stopgap spending bill, and it includes a provision that would automatically enroll eligible employees into their company's retirement plan. Under the new legislation, employers could consider a worker's student loan payment to be the equivalent of a 401(k) contribution and match it accordingly. Finally, the legislation offers a 100% tax credit to businesses with 50 employees or fewer for the cost of maintaining a 401(k) plan. "It’s a bill that helps all income levels and all different types of workers and retirees," Richman, of the Insured Retirement Institute, said.

☆ Long Covid patients can face a battle trying to claim benefits through their workplace disability insurance
▼ + stars: | 2022-12-20 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +8 min

Many workers get disability coverage via an employerAn estimated 43% of private industry workers have access to short-term disability insurance through their employer, according to the Bureau of Labor Statistics. Long-term disability insurance, which is intended to kick in when necessary after short-term disability benefits run out, is available to 35% of workers. After 10 weeks of struggling, he filed another short-term disability claim when it was clear he was not improving. Toward the end of 2021, with five doctors agreeing that his condition was disabling, he again filed a long-term disability claim. In fact, cases involving denial of long-term disability benefits for long Covid are cropping up around the country.

☆ The solution to low productivity and quiet quitting is simpler than most managers realize: It's about making people feel that they matter.
▼ + stars: | 2022-12-12 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +5 min

Meanwhile, more than half of the workforce and "probably more" engaged in quiet quitting this year, according to a June Gallup poll. The solution is simple, but it requires work on the part of leaders to make workers feel like they matter. Managers who don't give their employees a sense of meaning risk higher turnover, increased rates of quiet quitting, and lower productivity. Managers who don't give their employees a sense of meaning risk higher turnover, rates of quiet quitting, and lower productivity. An employee who only gets compliments will begin to wonder whether her manager is being sincere, the Babson professors wrote.

☆ I cried every day working in an Amazon warehouse in the run-up to Christmas. It's physically and mentally exhausting.
▼ + stars: | 2022-12-11 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +6 min

My role at an Amazon warehouse is in inventory control. Last year's peak season was really hardI volunteered to increase my overtime from five to six days because I wanted to earn more. Pods, where items that are sorted and are being prepared to get shipped out, are full during peak season. In response to this warehouse worker's comments, an Amazon spokesperson told Insider: "Working in a warehouse is not for everyone. They added: "The fact is, if you want to work in a warehouse, you'll want to work at Amazon.

☆ Federal judge denies Tesla's retrial request in case involving worker's claims of racism at factory in Fremont, California
▼ + stars: | 2022-12-07 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

A federal judge denied Tesla's request for a retrial over the verdict of a case involving a former worker's claims of racism. Last year, a jury determined that Tesla owed Owen Diaz $137 million over allegations of racism at its Fremont factory. US District Judge William H. Orrick halted Tesla's efforts to potentially overturn the racism verdict during a 20-minute motion hearing on Wednesday. Last year, a jury awarded former Tesla elevator operator Owen Diaz $137 million in his lawsuit against Tesla. Diaz was among the first of many Tesla workers at the Fremont factory to file a lawsuit against the company.

☆ 4 financial moves if you have — or are worried about — long Covid
▼ + stars: | 2022-12-06 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

"We're far from being done with this," McClanahan, founder of Life Planning Partners in Jacksonville, Florida, said of long Covid. Waiting until after developing long Covid might mean you pay higher premiums for life insurance or private disability insurance — or that insurers will deny coverage, McClanahan said. Long Covid has been linked to hundreds of potential symptoms, some of which are debilitating and serious, like damage to vital organs. For instance, there's not yet a test to determine if someone has long Covid, meaning some doctors are hesitant to diagnose or treat patients. For individuals worried they might have long Covid, McClanahan recommends creating a medical diary with detailed logs of each symptom and doctor visit.

☆ Robinhood to pay a 1% 'match' on customer contributions to retail individual retirement accounts
▼ + stars: | 2022-12-06 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

The retail brokerage will pay a 1% "match" on contributions its customers make to a Robinhood individual retirement account, the firm said Tuesday. The firm is billing it as the first-ever match paid to retail IRA customers (i.e., outside of a workplace retirement plan.) A 401(k) match is a common retirement benefit offered by employers that sponsor a workplace retirement plan. How the match worksA 401(k) match is generally structured as a share of employee contributions. There aren't any contribution or account minimums to get the Robinhood match, and trades don't carry commissions.

☆ Toxic coworkers fall into 4 categories — here's how to deal with each one
▼ + stars: | 2022-12-05 | by ( Jonathan Small | ) www.businessinsider.com time to read: +7 min

NYU psychology professor Tessa West said there are 4 common types of toxic coworkers. In her book, "Jerks at Work: Toxic Coworkers and What to Do About Them," NYU psychology professor Tessa West lays out some of the most common archetypes of toxic coworkers and then offers strategies for confronting them and taking back your peace of mind. They go to the boss' boss," West said. The gaslighterPerhaps the most sinister of toxic coworkers, the gaslighter, deceives you on a grand scale — often by creating an alternative reality. People unknowingly gaslit may perpetuate or protect their toxic coworker's dishonesty or theft at work.

[1/2] A memorial is seen in the parking lot after a mass shooting at a Walmart in Chesapeake, Virginia, U.S. November 23, 2022. A system meant to help workers get compensated for workplace injuries could make it difficult for the lawsuit to succeed. But while many of those shootings occur in the workplace, employers are rarely held responsible. That is in part because nearly all U.S. states, including Virginia, require employers to buy workers compensation insurance to pay workers for medical expenses and lost wages stemming from workplace injuries. Workers' compensation is "a tough defense to overcome," said Jeffrey Harris, a Georgia-based plaintiffs' attorney who has handled numerous workplace injury cases.

☆ AMC Networks booted its CEO after only 3 months, gave her a $10 million payout, and cut about 20% of its staff. So much for workers being empowered.
▼ + stars: | 2022-11-30 | by ( Rebecca Knight | Marguerite Ward | ) www.businessinsider.com time to read: +6 min

Former AMC CEO Christina Spade got a $10 million payout after only three months on the job. AMC's former CEO getting a massive payout for three months of work is not good for shareholder capitalism or stakeholder capitalism. "But AMC's former CEO getting a massive payout for three months of work is not good for shareholder capitalism or stakeholder capitalism. Ja_inter/Getty ImagesLayoffs vs. the golden parachuteResearch shows that CEO severance packages serve an important purpose in corporate America. And some investor groups have recently proposed votes to curb CEO pay.

Organizations: & $

☆ Virginia Walmart mass shooting survivor files $50 million lawsuit
▼ + stars: | 2022-11-29 | by ( ) www.cnbc.com time to read: +6 min

"Bullets whizzed by Plaintiff Donya Prioleau's face and left side, barely missing her," the lawsuit states. The lawsuit alleges that Bing "had a personal vendetta against several Walmart employees and kept a 'kill list' of potential targets prior to the shooting." The lawsuit states that she also informed Walmart that Bing called her a "bitch" under his breath. Before the shooting, Bing told co-workers that "the government was watching him," the suit says. Jessica Wilczewski, a Walmart employee who witnessed the shooting, told The Associated Press last week that Bing seemed to target certain people.

☆ Being your own boss comes with some tradeoffs. Here's how Gen Zers are managing the challenges.
▼ + stars: | 2022-11-29 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

Gen Z will be a major player in entrepreneurship, with 45% very likely to start a venture. Here's how Gen Z founders are managing loneliness, financial stress, and mental health. In fact, 45% of Gen Zers are very or extremely likely to become founders, according to a 2021 survey of 1,509 Gen Zers by Ernst & Young. But even with the pitfalls that come with starting your own business, young founders do find success. While imposter syndrome and lack of experience are inevitable for many Gen Zers, there are ways to learn and delegate when necessary.

☆ The fear of loss can cost investors big-time. Here’s how
▼ + stars: | 2022-11-29 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

Westend61The fear of loss is a powerful emotion for investors — and, if left unchecked, can cost them big bucks in the long term due to years of forfeiture of investment gains. watch nowFor investors, that evolutionary impulse plays out as "loss aversion bias." Investors have a bias toward avoiding financial loss. Prioritizing the avoidance of loss over earning a gain "is a major reason why so many investors underperform the market," Aguilar said. Meanwhile, 401(k) investors pulled money out of stock mutual funds during the same time period.

☆ Cooling job market doesn't take the heat off the holiday hiring spree
▼ + stars: | 2022-11-25 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +7 min

Retailers are entering the holiday season amid a swirl of mixed economic signals. That leaves companies expecting another busy shopping season as they continue to grapple with a competitive job market. Before the holiday hiring rush, retailers were already looking to fill 800,000 open positions, according to the retail federation. There are some signs though that the labor market is starting to shift in employers' favor. "This speed is imperative during holiday hiring," John Patterson, Macy’s vice president of talent, said in an email.

☆ Has your workplace caught the 'turnover contagion'? Here are some warnings signs
▼ + stars: | 2022-11-24 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +3 min

This phenomenon is called "turnover contagion," the report said, where workers quit their jobs because of their peers. "[This] can provide the ideal breeding ground for turnover contagion as the interviewing process and learning more about potential other employers is made easier for employees." Smaller teams at higher riskAccording to Visier, smaller teams are most at risk of turnover contagion. That is due to "strong interdependencies" and personal relationships between co-workers in smaller teams, said Derler. Turnover contagion can last as long as 135 days, the report added, from the moment an employee voluntarily resigns.

☆ Meet a Great Resignation quitter who thinks the whole movement is a lie: 'It's still not to the benefit of the worker'
▼ + stars: | 2022-11-24 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicySharon thinks the Great Resignation is a lie. "Everyone was saying it's the Great Resignation, it's the worker's advantage, you could get a job anywhere," she said. "So I went in with the mentality thinking that if I'm going to quit, now's the time to go." Sharon said she'd been feeling regret, worry, and skepticism about just how powerful the Great Resignation is. But until that, I feel like the Great Resignation is a lie."

☆ An LGBTQ-owned auto shop started an online fundraiser to cover $25,000 in funeral costs for Club Q shooting victims. In 2 days, donors raised nearly $700,000.
▼ + stars: | 2022-11-23 | by ( Leo Aquino | ) www.businessinsider.com time to read: +4 min

Donors raised $25,000 in just two hours. At the time of this writing, donors raised nearly $700,000. Haug created a GoFundMe campaign, and donors raised $25,000 in two hoursHaug created a GoFundMe page for the victims of the ClubQ shooting. The campaign raised nearly $700,000 in two daysAt the time of this writing, the campaign raised $686,596 with over 17,600 donors. The funds raised are a testament to the power of the LGBTQ+ community and their allies on social media.

☆ North Korea says its nukes are about the children after photos dropped of Kim Jong Un bringing his daughter to a missile launch
▼ + stars: | 2022-11-21 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

After the test, North Korea reportedly said that nuclear weapons and missiles are about the country's children. State media outlet KCNA confirmed that the North Korean leader attended the launch "with his beloved daughter and wife." North Korean leader Kim Jong Un walks away from an ICMB in this photo released on November 19, 2022 by North Korean state news. In September, the North Korean leader declared North Korea's nuclear-armed status irreversible. This photo provided on Nov. 19, 2022, by the North Korean government shows North Korean leader Kim Jong Un, right, and his daughter inspects a missile at Pyongyang International Airport in Pyongyang, North Korea, Friday, Nov. 18, 2022.

☆ Amazon's driver pay raise could slash the profits of the small businesses that make up its delivery network
▼ + stars: | 2022-11-15 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

Amazon in September announced a pay raise for some of its delivery drivers. The moves were part of a $450 million investment into the small businesses that make up Amazon's delivery network and employ those drivers, known as Delivery Service Partners. When Amazon told DSPs about the move at their annual Ignite Live convention in Las Vegas, the room cheered, according to two DSPs present. "It's going to be a bloodbath," one DSP told Insider. But one DSP told Insider to expect an exodus after the business owners receive their Employee Retention Tax Credit payouts in January.

☆ If you want to land a job or get a raise in the tech industry, you have to past a test — and pretty much everyone is cheating on the exams
▼ + stars: | 2022-11-14 | by ( Rob Price | ) www.businessinsider.com time to read: +18 min

It was one in a long line of tech certifications that Bill freely acknowledges he earned, at least in part, by cheating. And he's far from alone: In the tech industry, it's an open secret that there are thousands, if not millions, of cheaters just like Bill. The rise of exam dumps for tech certifications could have devastating consequences. But the cheating is clearly having a corrosive effect on the tech industry, particularly the hiring process. But the perception that workers from poorer countries are more likely to be cheaters can also fuel racism against foreign-born tech workers.

☆ A foundry worker on his 9th day in the job fell into a vat of molten iron and was 'immediately incinerated'
▼ + stars: | 2022-11-12 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +2 min

A foundry worker in Mapleton, Illinois, died in June after falling into a vat of molten iron. Federal investigators say inadequate safety protections may be to blame for the worker's death. They proposed a fine of $145,027 for foundry operator Caterpillar. The worker was "immediately incinerated" in the incident, which occurred in June, per the Department of Labor. Federal investigators say that inadequate safety protections may have contributed to the worker's death and propose to fine the foundry operator Caterpillar of $145,027.

☆ 8 states and D.C. will make sure wages go up when inflation does—see where pay is rising
▼ + stars: | 2022-11-11 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +4 min

If the measure was applicable for a January 2024 increase, the minimum wage would go up about 8%, for example. So despite record-high inflation sitting well above 5% this year, those earning minimum wage in Vermont won't see fully corresponding raises. If tips do not bring worker's wages to the full minimum wage, businesses are required to pay out the gap. The federal minimum wage remains unchanged at $7.25 since 2009, though President Biden did give a boost to federal employees earlier in his presidency, raising their minimum wage to $15. Don't miss: Minimum wage workers in New York City need to clock over 100 hours a week to afford rent

☆ RNC chair Ronna McDaniel says 'nobody should be intimidating' voters but defends poll watchers who are 'simply observing'
▼ + stars: | 2022-11-06 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

Ronna McDaniel said "nobody should be intimidating" voters following reports of intimidation in multiple states. Election-denier groups helped recruit poll watchers who want to ban electronic vote counters, Reuters reported. But poll watching is not intimidating," McDaniel said. The chairwoman said the RNC has been recruiting poll watchers and issued a warning that they shouldn't be "intimidated" either. "Also, don't intimidate our poll watchers, because we're having that right now too, where our poll watchers are not being allowed to meaningfully observe.

Search resuls for: "Worker's"

25 mentions found