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☆ The end of workplace loyalty
▼ + stars: | 2024-01-22 | by ( Aki Ito | ) www.businessinsider.com time to read: +16 min

Do that, and you generate the kind of trust and loyalty that leads to high productivity and low turnover. A world in which the psychological contract is profoundly broken. In the three decades following World War II, as Rick Wartzman documents in his book " The End of Loyalty ," a booming economy made American companies rich. Today, disillusioned workers might assume that the norm of workplace loyalty was nothing but a capitalistic ruse, a way for companies to exploit their employees. But the new loyalty would recognize that employees have to uphold their end of the bargain.

Persons: I've, Gen Xers, Gen Zers, they'll, Rick Wartzman, Wartzman, Denise Rousseau, Rousseau, who's, Mark, —, it's, I'm, he's, quitters, Nick Bloom, Stanford University who's, Anthony Klotz, Klotz, they're, It's, Aki Ito Organizations: Companies, Kodak, GE, Carnegie Mellon University, Stanford University, University College London, Employers, Business

☆ What’s New in the Best Managed Companies Rankings in 2023
▼ + stars: | 2023-09-30 | by ( Rick Wartzman | Kelly Tang | ) www.wsj.com time to read: 1 min

The American Opportunity Index analyzes massive data sets of career histories, job postings and wages to describe the real-world experiences of millions of U.S. workers. Photo: Spencer Platt/Getty ImagesIn the aftermath of World War II, as America’s industrial economy was taking shape, management scholar Peter Drucker worried whether business was up to meeting one of its most important responsibilities: offering “equal opportunities for advancement.”“Although the opportunities are infinitely great in a big organization, the chances of being overlooked and the danger of being misplaced and forgotten in a corner are even greater,” Drucker wrote in his 1946 book “Concept of the Corporation.” Every company, he added, “has to find ways of giving its workers…a chance to show what they can do.”

Persons: Spencer Platt, Peter Drucker, ” Drucker, “, …, ” Organizations: American Opportunity, Corporation, ”

☆ As Generative AI Reshapes the Workforce, These Companies May Be Most Affected
▼ + stars: | 2023-07-30 | by ( Betsy Morris | ) www.wsj.com time to read: 1 min

Journal Reports: LeadershipThe Best-Managed Companies Have the Most AI Jobs Postings. What Explains That? By Rick Wartzman , and Kelly TangIt may be a virtuous circle: The most-effective companies are good at looking ahead, and investing in AI makes them the most-effective companies.

Persons: Rick Wartzman, Kelly Tang

☆ The Best-Managed Companies Have the Most AI Jobs Postings. What Explains That?
▼ + stars: | 2023-07-29 | by ( Rick Wartzman | Kelly Tang | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Even with a bump to $14 an hour, Walmart workers won't make nearly as much as some activists say they should
▼ + stars: | 2023-01-25 | by ( Dominick Reuter | Ben Tobin | ) www.businessinsider.com time to read: +3 min

Walmart on Tuesday said it would raise its minimum wage to $14, affecting thousands of US workers. Activists have been pushing for a $15 minimum wage for over a decade, and now say at least $20 is needed. The federal minimum wage has been $7.25 since 2009, even as the cost of living has soared. Up until the middle of last decade, Walmart's minimum wage had matched the federal level at $7.25. One year later, Target also announced it would be raising its minimum wage to $15 per hour.

☆ Walmart will increase minimum wage for all employees to $14 per hour
▼ + stars: | 2023-01-24 | by ( Ben Tobin | Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Walmart will raise the minimum wage for store employees to $14 an hour in March, a source tells Insider. The Bentonville, Arkansas-based retailer's current minimum wage is $12 per hour, set in 2021. The current minimum wage is $12 an hour. The company posted a memo Tuesday saying that wages would increase and the average US employee's pay would be $17.50 per hour. A company spokesperson confirmed to the Wall Street Journal and CNBC Tuesday that the minimum wage would increase, and that store employees will make between $14 an hour and $19 an hour starting in March.

☆ Are Unions Seeing the Start of a Movement—or Is it Just a Moment?
▼ + stars: | 2022-12-05 | by ( Rick Wartzman | ) www.wsj.com time to read: 1 min

In April, organized labor claimed one of its biggest wins in years, if not in decades: Workers at a sprawling Amazon.com Inc. warehouse in Staten Island, N.Y., voted to unionize. But a month later, workers at another of the company’s facilities in Staten Island voted against being represented by the Amazon Labor Union. And in October, Amazon workers near Albany, N.Y., overwhelmingly rejected the union, as well.

First, we have to understand why our minds make it so hard to have a nuanced view. Then, we have to get beyond that.

☆ What Good Leadership Looks Like Now vs. Pre-Covid
▼ + stars: | 2022-09-17 | by ( Rick Wartzman | Kelly Tang | ) www.wsj.com time to read: 1 min

Views at the top have changed in the business world since the pandemic hit. Competencies and traits most highly valued in senior managers have changed, too. What a difference a pandemic makes. More than two years after the coronavirus began to roil the world, leaders of the best-run companies are displaying new qualities that are essential to building a more caring and empathetic workplace and otherwise thriving in a topsy-turvy environment, according to a study conducted by the organizational-consulting firm Korn Ferry .

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