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☆ Intel employees face 'setbacks' as the company slashes staff, pay, and perks
▼ + stars: | 2024-10-31 | by ( Emma Cosgrove | Helen Li | ) www.businessinsider.com time to read: +9 min

Some Intel employees received pay cuts in 2023 to reduce costs and avoid layoffs. Intel announced layoffs this year, affecting employees' promised stock bonuses. Intel employees left frustrated comments underneath the FAQs on the company's internal network, two departing workers said. An Intel employee would be eligible for a four-week sabbatical after every four years of work or eight weeks after seven years. Intel employees who joined the company before it closed its pension plan to new entries in 2011 still get payouts.

Persons: —, Pat Gelsinger, Gelsinger, Gelsinger's, unvested RSUs, we're, Emma Cosgrove Organizations: Intel, Service, Nvidia, AMD, BI, Oregon Intel, Employees, SEC, Microsoft, Qualcomm, Tech, ecosgrove Locations: Oregon, Arizona , California

☆ Life after Intel: After rounds of layoffs and buyouts, some Intel insiders are abandoning the corporate grind altogether
▼ + stars: | 2024-10-24 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +8 min

Some longtime Intel employees are eligible for up to 19 months of severance. After years of layoffs, buyouts, and even one temporary pay cut, many employees have thought about what they might do after Intel. BI spoke to three former Intel employees who are using the company's hard times as an opportunity to upend their lives. Over his 24 years at Intel, Guha used his spare time to develop a wealth management strategy based on the philosophies of Warren Buffet. Lessons learned at IntelThough several departing Intel employees expressed some frustration with the current state of the company, they still believe it can be successful.

Persons: —, Shi Choong, she's, Choong, It's, Javier Apostol, Apostol, he's, Sumit Guha, Guha, Warren Buffet, He's, sabbaticals Organizations: Intel, Service, Business, IRS, AARP, Engineers Locations: Portland, Oregon, San Francisco Bay, Puerto Vallarta, Mexico, Arizona, Yuma County , California, formalwear

☆ 'Worldschooling' their 4-year-old child, this family has traveled to 23 countries so far this year
▼ + stars: | 2024-06-03 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +5 min

Carol Tan, Rakcent Wong and their son, Atlas, have traveled across 23 countries and counting since the start of 2024. Carol Tan, 36, and Rakcent Wong, 35, often received that age-old advice before having their son, Atlas — but they were determined to prove the naysayers wrong. The Singaporean family took a sabbatical from work to "worldschool" their 4-year-old child and has traveled from Switzerland to Denmark to Nepal, across 23 countries since the start of the year. "We realized [that] after every trip, we always gained something — there's some kind of growth and transformation that we experience, just both on a personal level and as a couple," Wong said. By January 2024, Tan and Wong began their work sabbaticals, took Atlas out of school and the family traveled to their first destination — Greece.

Persons: Carol Tan, Rakcent Wong, Atlas, Tan, Wong, Rakcent Wong Tan, Rakcent Wong Atlas, It's Organizations: CNBC Locations: Switzerland, Denmark, Nepal, Southeast Asia, Iceland, Egypt, Sri Lanka, Singapore, Greece, Montenegro

☆ I'm an employment lawyer. Here's everything you need to know about asking for a break from work.
▼ + stars: | 2024-05-27 | by ( Emma Magnus | ) www.businessinsider.com time to read: +7 min

This is an as-told-to essay based on a transcribed conversation with Claire Brook, an employment specialist solicitor at Aaron & Partners in England. A sabbatical is a break from work, usually for a defined time period. Prepare a business casePrepare a business case for the career break to present to your employer. Aim highYou can request a paid sabbatical in the first instance unless your company has a contrary policy or practice. If that is unacceptable to your employer, consider whether an unpaid sabbatical would work for you.

Persons: Claire Brook, you'll, it's, Emma Magnus Organizations: Service, Aaron & Partners, Business Locations: England

☆ A complete guide to asking your boss for a sabbatical, according to an employment lawyer
▼ + stars: | 2024-05-27 | by ( Emma Magnus | ) www.businessinsider.com time to read: +7 min

A sabbatical is a break from work, usually for a defined time period. Check whether your company has a sabbatical policyIf your company already has a sabbatical policy, you should follow it. Explain to your boss how the sabbatical can benefit them upon your return, especially if it's being funded. Aim highYou can request a paid sabbatical in the first instance unless your company has a contrary policy or practice. Clearly, a paid sabbatical is more attractive to the employee, but the employer may be more willing to support an unpaid sabbatical, given the cost to the company.

Persons: —, Claire Brooks, you'll, it's, Emma Magnus Organizations: Service, Partners, Business Locations: Araon, England

☆ I gifted myself an adult gap year for my 30th birthday. I've never been this happy and I'm the most broke I've ever been.
▼ + stars: | 2024-05-12 | by ( Jane Zhang | ) www.businessinsider.com time to read: +8 min

I immigrated to Canada from Nigeria when I was 22 for my master's degree and started working right after graduating. I had thought about starting my own clothing brand for years, so I started working on ideas for that too. One of the biggest things I'm taking away from this sabbatical is realizing that a lot of things are not that serious. I've never been this happy, and I'm the most broke I've ever been. AdvertisementIf you took a sabbatical and would like to share your story, email Jane Zhang at janezhang@businessinsider.com.

Persons: Alma Rex, Ezonfade, —, I'm, would've, I'd, what's, I've, Jane Zhang Organizations: Service, YouTube, Google, Abbey Locations: Toronto, Canada, Nigeria, Caribbean, Europe, Punta Cana, janezhang@businessinsider.com

☆ What it's like to work at Deloitte, PwC, KPMG, and EY: pay, perks and RTO policies
▼ + stars: | 2024-04-20 | by ( George Glover | ) www.businessinsider.com time to read: 1 min

DeloitteDaniel Leal/AFP via Getty ImagesBusiness Insider analyzed disclosure data from the US Office of Foreign Labor Certification to work out how much each member of the Big Four pays its employees. At Deloitte, salaries range from $49,219 a year for entry-level analysts to as much as $875,000 a year for senior principals. The firm's US operation employs just over 170,000 people across 80 offices, with its headquarters at 30 Rockefeller Plaza in New York. Employees are entitled to 16 weeks of paid parental leave, can take three or six-month sabbaticals at 40% of their base pay, and are eligible for a wellbeing subsidy worth up to $1,000. Deloitte doesn't have a set RTO policy, although this may vary from team to team.

Persons: Daniel Leal, Deloitte doesn't Organizations: Getty Images, of Foreign Labor, Big, Deloitte, Rockefeller, Employees Locations: New York

☆ A better way to handle layoffs
▼ + stars: | 2024-02-20 | by ( Aki Ito | ) www.businessinsider.com time to read: +11 min

Out of everything that happens in the workplace, nothing underscores the harshly transactional nature of employment more than the way companies terminate their employees. To be sure, there are times when layoffs are necessary for the health — and even survival — of a company. In other words, the pitiless and coldhearted way businesses handle dismissals isn't just destructive to those who get dismissed. Is there a better way to handle layoffs? For starters, Herd says, managers should look the employees they're dismissing in the eye, rather than reading from a script.

Persons: TikTok, Brittany Pietsch, she'd, isn't, Pietsch, they're, you've, — they're, Slack, it's, Sandra Sucher, Sucher, pare, Ashley Herd, Herd, —, Reagan, Aki Ito Organizations: Mafia, Harvard Business School, Nokia, Business

☆ A remote Irish island is looking for 2 people to run its guesthouses this summer — but the managers say it isn't an easy holiday job
▼ + stars: | 2024-01-17 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +5 min

Billy O'Connor and Alice Hayes told Business Insider that their company, The Great Blasket Island Experience, is hiring two caretakers to run their operations on Great Blasket Island from April 1 to October 1. The couple's company offers tours and accommodation on the Great Blasket Island. The Great Blasket Island is the largest. the couple told BI. Great Blasket Island can only be accessed during the summer.

Persons: —, Billy O'Connor, Alice Hayes, Emily Campbell, Daniel Regan, O'Connor, Hayes Organizations: Service, Business, The Irish Times, BI, Irish Times, Irish Locations: Ireland, Blasket, Canadian

☆ The parents hiking America’s longest trails with five kids
▼ + stars: | 2023-08-28 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +13 min

Party of sevenOlen Netteburg (far left,) his wife Danae and their five children Lyol, Zane, Addison, Juniper, and Piper on the Continental Divide Trail. “We started reading some articles online to the kids about the Pacific Crest Trail and the Continental Divide Trail,” says Olen. Once things had settled down, they began reading up on “everything about having a baby in the wilderness” in order to be able to take on the Continental Divide Trail with their newborn. But having to carry a newborn along with them didn’t slow this hiking family down at all. In fact, they were able to complete Continental Divide Trail in six months, a month less time than the Appalachian Trail had taken them.

Persons: Olen Netteburg, Lyol, Zane, Piper, Danae, Danae Netteburg, Olen, ”, “, they’d, “ pare, “ We’d, They’ve, “ They’re, Olen’s, they’ve, Charles Dickens ’, Lucy Maud Montgomery’s “ Anne of, “ We’re Organizations: CNN, Triple Crown, CNN Travel, Canadian Rockies, West, Triple, Lucy Maud Montgomery’s “ Anne of Green Gables, Association, Coalition, Distance, Camino Locations: America, Georgia, Maine, New Mexico, Montana, Addison, Juniper, Zane, Mexico, California , Oregon, Washington, Canada, Chad, Africa, Pennsylvania, Uinta, Utah, Mount Springer , Georgia, Katahdin , Maine, North America, Oregon, Piper, California, Santiago, Spain, New Zealand

☆ What Is a Roth IRA and How Does It Work?
▼ + stars: | 2023-08-16 | by ( Tanza Loudenback | ) www.wsj.com time to read: +13 min

How does a Roth IRA work? “A Roth IRA offers investors a lot of flexibility which, in my opinion, is its biggest benefit,” says Eric Presogna, a financial planner in Erie, Pa.How is a Roth IRA different from a traditional IRA and from a 401(k)? The annual limits apply to traditional and Roth IRAs, in aggregate—meaning you can’t add more than the allowed amount to your traditional and Roth IRAs combined. High-income workers can use the “backdoor Roth” strategy to get money into a Roth IRA. How to fund a Roth IRAA Roth IRA typically needs to be funded before you can start choosing investments.

Persons: Roth, “ Roth, ”, David Edmisten, Internal Revenue Service doesn’t, you’re, Roth IRAs, we’ll, “, Eric Presogna, Nick Cantrell, don’t, posttax Roth, Cantrell, Zach Teutsch, brokerages, IRA —, ” Teutsch Organizations: IRA, Internal Revenue Service, Roth IRA, Washington , D.C, Fidelity, Vanguard, IRS, Financial Locations: Prescott, Ariz, Erie, Pa, Massachusetts, Washington ,

☆ Opinion | Can Everyone Take a Sabbatical?
▼ + stars: | 2023-06-25 | by ( Tish Harrison Warren | ) www.nytimes.com time to read: +2 min

I spoke with a group of business people and other leaders of faith who have come to see sabbaticals as a crucial spiritual practice. It’s important to clarify what a sabbatical actually is. What a sabbatical looks like depends on the field. For clergy, sabbaticals provide a break from the intense relational and spiritual pressure of running a church or a nonprofit. For most people in academic fields, a sabbatical offers an opportunity to take a break from teaching in order to focus on research and other projects.

Persons: ” Kira Schabram, Matt Bloom, DJ DiDonna, ”, nix, sabbaticals, Sabbaticals Organizations: “, Harvard Business Locations: “

☆ I'm a Gen Xer who left my stressful engineering job for a yearlong break — and it was the best thing for my happiness and health
▼ + stars: | 2023-05-06 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

Christopher Gehring left his engineering job to take a career break and focus on his health. For me, taking a career break was the best thing I ever could have done for myself. Last year, my job — I'm an engineer who worked at a medical-device company — had become very stressful. As much as I've enjoyed this career break, I'm ready to get back to work. I'm going to give 100% of my effort during work hours, and when I'm off, I'm off.

During the pandemic, 300,000 public school teachers and staff left the profession, The Wall Street Journal reports. Pros Check mark icon A check mark. Low annual fee for investment accounts; crypto trust investments available Check mark icon A check mark. Tax-loss harvesting Check mark icon A check mark. Mobile app and investing and retirement tools Check mark icon A check mark.

☆ Inside the 'doomsday' layoffs at Goldman Sachs
▼ + stars: | 2023-01-15 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com time to read: +5 min

Insider reporters were in attendance — here's the inside scoop …If this was forwarded to you, sign up here. Now, on to this week's top stories …David Solomon is the CEO of Goldman Sachs. Michael Kovac/Getty ImagesGoldman Sachs conducted its worst layoffs in over a decade this week. One laid-off associate called it the "doomsday," adding: "Every 10 minutes, I just kept hearing that someone was being let go." We talked to Goldman Sachs employees who were fired — here's what they told us.

☆ Everything you need to know about the M&A market for 2023
▼ + stars: | 2023-01-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

After a long, cold dealmaking season, insiders are hoping to the market begin to thaw this year. So Insider's Carter Johnson spoke to six M&A bankers about what to expect this year. And while it's true sellers could always try and wait out the market, there's no gurantee of when things can get better. Click here to read more about what to keep an eye out for in the M&A market this year. This is what we know about the man some once considered to be a potential successor to CEO James Gorman.

☆ Why Paid Sabbaticals Are Good for Business: Better Employees, Less Burnout
▼ + stars: | 2023-01-09 | by ( Crissie Hoskins | ) www.businessinsider.com time to read: +10 min

And through it all, I didn't get fired, there was no formal reprimand, and I got paid the entire time. Sabbaticals provide a proactive hedge against employee burnout, an antidote for attrition, and a protection from career wanderlust. Some employers argue that offering paid time off won't help keep employees around, but my sabbatical made me more passionate about my work — and my workplace — than ever. I love my job and want to be sure my team and clients get the best of me. Sabbaticals are good for businessMy sabbatical wasn't an anomaly — research shows that sabbaticals help employees fight burnout and improve their well-being.

☆ The labor shortage is bringing job seekers all kinds of new perks: Pick-your-pay, student-loan benefits, bonuses, and flexible work
▼ + stars: | 2023-01-05 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +6 min

A greater number are also offering remote work options, educational benefits, and fertility services. It's not just about remote work, though that remains one of the most important benefits for many workers. "What we're also seeing is that there are different approaches to hybrid work that people are exploring." This comes as more companies are outsourcing talent from lower cost-of-living countries after the pandemic made remote work more feasible. Some of these companies are also giving staffers the option of shorter workweeks and remote work.

☆ Mark Zuckerberg is ‘derailing’ Facebook, says Harvard expert—here's how he can get ‘back on track'
▼ + stars: | 2022-09-22 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +6 min

Mark Zuckerberg's leadership is putting Meta on track to fail, a Harvard management expert says — but it's not a lost cause. That's the suggestion for Zuckerberg from Bill George, a senior fellow at Harvard Business School and former CEO of medical technology company Medtronic. Instead, Zuckerberg has become a leader who prioritizes profits, doesn't accept advice and blames others, according to George. In February, CNBC's Jim Cramer said he has "total faith in Mark Zuckerberg" when it comes to Meta's bet on the metaverse. Why a sabbatical may be unlikely for ZuckerbergBut the odds of Zuckerberg actually following George's advice may be unlikely.

☆ Tech CEO on Silicon Valley: 'They're obsessed with all the things that I think are bad business'
▼ + stars: | 2017-09-05 | by ( Libkane | ) www.businessinsider.com time to read: +2 min

In an interview with Adam Bryant of The New York Times, Fried told Bryant that he's mystified by some of the attitudes found in the tech world. But a lot of the tech world is obsessed with growth and revenue and not profit. They're obsessed with ego. They're obsessed with all the things that I think are bad business." AdvertisementApparently, this type of anecdote isn't unusual in the tech world — and it paints a picture of an intense work culture that could easily lead to burnout.

Persons: Jason Fried doesn't, Fried, Adam Bryant, Bryant, that's, They're, Uber, we're, Áine Cain, Insider's Chris Weller, Weller Organizations: The New York Times Locations: Silicon Valley

☆ This tech company gives employees $5,000 for yearly vacation and 4-day weeks during the summer
▼ + stars: | 2017-06-21 | by ( Chris Weller | ) www.businessinsider.com time to read: +3 min

AdvertisementJason Fried, CEO of the web development company Basecamp, has another excuse: He's already implemented them. Digital marketing company Steelhouse, for instance, offers employees $2,000 a year to take any vacation they choose. A number of other larger companies have taken steps to be more employee-friendly in recent years, particularly with parental leave. In August 2015, Netflix began offering salaried employees unlimited paid parental leave for a whole year. (Four months later, it started offering hourly workers 16 weeks of paid leave, where before they received 12 weeks.)

Persons: they'll, Jason Fried, Fried, it's, Basecamp, Fried's Organizations: Digital, Netflix Locations: —

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