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☆ For the lucky workers who survive layoffs, anxiety and heavier workloads rule
▼ + stars: | 2023-01-30 | by ( Sawdah Bhaimiya | Rebecca Knight | ) www.businessinsider.com time to read: +6 min

Employees who were kept on told Insider they felt anxious about their job security and overworked. And while those who've lost their jobs are experiencing tremendous financial and professional uncertainty, evidence suggests that workers who survive layoffs also suffer. In June 2020, Hannah was unexpectedly told she was being put into a redundancy pool with seven other colleagues. "There wasn't a lot of time to process the whole thing," Hannah told Insider. "You become very acutely aware that you are dispensable," Hannah told Insider.

☆ Googlers prize 'psychological safety,' but it won't save them from layoffs
▼ + stars: | 2023-01-25 | by ( Rebecca Knight | Shana Lebowitz | ) www.businessinsider.com time to read: +6 min

Some Google employees said the company's layoffs violated its commitment to psychological safety. Research suggests that psychological safety is critical to team success and helps drive creativity, build resiliency, and improve decision-making. "It's so important to be clear that psychological safety is not the same thing as job security," Amy Edmondson, a professor at Harvard Business School who pioneered research on psychological safety, told Insider. Google execs said psychological safety doesn't guarantee job securityAt the all-hands meeting, Google's leadership took issue with the notion that it breached its commitment to psychological safety. "Psychological safety is about interpersonal dynamics, not about economic or organizational reality," he told Insider, adding, "You can still have psychological safety without necessarily having job security."

☆ Who is Shou Zi Chew? Mounting scrutiny on TikTok could put new spotlight on its CEO
▼ + stars: | 2023-01-20 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +8 min

Months later, when TikTok was grilled by Congress over privacy and security concerns, Pappas was the TikTok executive in the hot seat fielding questions. But Chew, who took over as TikTok CEO in April 2021, has largely stayed out of the spotlight at a time when the app he leads can’t seem to avoid it. He eventually went on to become the CFO of Chinese tech giant Xiaomi, which he helped take public in 2018. While Chew is not a Chinese national, Quint noted Chinese tech companies and leaders that have drawn too much attention to themselves have faced tough government crackdowns. Ultimately, Quint said, “I don’t think the CEO of TikTok has much relevance at all” for US lawmakers scrutinizing its ties to China.

☆ In the largest-ever experiment of its kind, 33 companies adopted a four-day workweek. The results were conclusive: It's time for everyone to take Fridays off.
▼ + stars: | 2023-01-17 | by ( Molly Lipson | ) www.businessinsider.com time to read: +11 min

The results of the new report were unequivocal: The four-day workweek was better for everyone. And nearly all of the 495 employees involved in the trial wanted to maintain the four-day working week. The 4 Day Week trial found that participants spent an hour less time commuting than before the trial. A four-day week also provides vast improvements in well-being, life satisfaction, and sleep for women. As companies continue to grapple with attracting and retaining staff, the four-day week could be a relatively simple solution.

☆ Before accepting 'manager' in your title, make sure it's not just a way for your company to avoid paying you overtime
▼ + stars: | 2023-01-12 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

A new study finds that firms may be using fake managerial titles to get out of paying employees overtime. Workers with a manager title, who make over a certain amount weekly, are exempt from overtime. Firms gave many more workers who make that cut-off wage manager titles, according to the study. They found that, during that time, there was a 485% increase in managerial titles for workers just over that overtime threshold. In essence, firms give workers title bumps without tacking on new duties — or higher pay.

☆ Strength of 'weak ties': How casual contacts can boost your career
▼ + stars: | 2023-01-11 | by ( Chris Taylor | ) www.reuters.com time to read: +5 min

That is what researchers call “weak ties” - and they can be surprisingly critical to your career path. "Weak ties give you access to a lot more information.”Among New Year’s resolutions, finding a better job or career ranks high on many lists. Then set up informational interviews with new weak ties that result, and your job search will be cooking with gas. “Look for people who tend to run in a lot of circles, because they’re the ones who can introduce you to new weak ties,” said Augustine. REACH OUTOne barrier to leveraging weak ties is that people tend to feel uncomfortable about it.

☆ Marc Benioff may be right that Salesforce's young, remote employees are hurting the company's productivity. But it's not their fault.
▼ + stars: | 2023-01-10 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +4 min

Salesforce's CEO said the company's younger, remote workers may be less productive than their peers. It's possible that Salesforce's younger, remote employees are less productive than the rest of the staff. But it's unlikely that the problem is remote work itself, or the work ethic of remote employees, based on the growing body of research on flexible work. The problem isn't remote work — it's how remote workers are managedBut Salesforce's problem probably isn't necessarily that it permits remote work. On the other hand, Neeley wrote, leaders who micromanage their employees' time "are the kiss of death in hybrid work."

☆ 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.

☆ Meet Cloud Apartments, a startup that promises lower-cost living in factory-made units thanks to backing from a 25-year VC veteran
▼ + stars: | 2023-01-09 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +3 min

Cloud Apartments plans to build at five sites in the Bay Area, including in San Jose and Berkeley. A 25-year venture-capital veteran just led a $3 million funding round for Cloud Apartments. Factories tooled to produce modular apartment units can make this possible. In 2021, against a backdrop of skyrocketing rents, Wong founded Cloud Apartments, a rental development company that uses modular-construction processes more often associated with single-family housing. A rendering of a Cloud Apartments building.

"And I think when you ask around the world now about our team, the world sees us in a complete different light. Gio Reyna, 20, later confirmed in an Instagram post that Berhalter was talking about him. read moreGio is the son of Claudio Reyna, who played alongside Berhalter for the U.S. team at the 2002 World Cup and is now sporting director for MLS side Austin FC. "And it's a loving relationship, a devoted relationship and we have four amazing kids to show for it." Berhalter led the squad to the round of 16 of the World Cup in Qatar where they were knocked out by the Netherlands.

Companies are increasingly working together to cut greenhouse-gas emissions but such collaboration faces the threat of antitrust action demanded by politicians who say it violates competition rules. There are now more than 150 business climate collaborations, according to research by Harvard Business Review. “There are a lot of ways to stay on the right side of antitrust laws,” says Justin Stewart-Teitelbaum, antitrust partner at Freshfields. Traditionally, in most jurisdictions, antitrust officials weigh whether the benefits of cooperation outweigh any economic harm caused by it. The anti-ESG movement in the U.S. bases its antitrust threats partly on an assertion that climate action provides little societal benefit to outweigh any economic harm of cooperation.

☆ Gartner expert: College degrees matter less in 2023 job applications
▼ + stars: | 2023-01-05 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Your college degree might not matter quite as much in your 2023 job search as it used to. That translates to a de-emphasis on four-year degrees, McRae says: One of the most useful ways to attract "nontraditional candidates" is removing education requirements. Amid a tight labor market, the trend could accelerate dramatically this year. Based on current trends, they projected 1.4 million jobs could open up to workers without college degrees in the next five years. So, what does a potential influx of "nontraditional candidates" mean for you?

☆ 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.

☆ A CEO's apology is a make-or-break moment. Here's how to do it right.
▼ + stars: | 2023-01-04 | by ( Josée Rose | ) www.businessinsider.com time to read: +4 min

When a CEO or company messes up and trust is broken, the apology must be done right. Trust is the everyday currency of business, PwC's Wes Bricker says. CEOs must be aware that the way they apologize is just as important as the words "I'm sorry." In recent years, a corporation's or CEO's apology has taken on greater significance because customers and employees are often quick to demand that leaders take ownership and show transparency around their actions. Sucher said CEOs were receptive to a framework on how to apologize because "everyone messes up at times."

☆ Bruce Batkin Turned a Love of Architecture Into a Financial Career
▼ + stars: | 2023-01-01 | by ( James R. Hagerty | ) www.wsj.com time to read: +1 min

Bruce Batkin co-founded Terra Capital Partners in 2002 to package real-estate funds for investors, initially in Australia and later in the U.S.As a boy riding his bicycle on Long Island, Bruce Batkin often stopped at fancy homes and rang doorbells to request house tours, invariably granted to a cherubic child in the 1960s. Back inside his parents’ three-bedroom, one-bath ranch, he drew lavish floor plans. Later, at Cornell University, he earned a degree in architecture. He worked in real-estate finance for Merrill Lynch, ABN Amro Bank and Chase Manhattan Bank. In 2002, he co-founded Terra Capital Partners to package real-estate funds for investors, initially in Australia and later in the U.S.

☆ The 4 best success tips CEOs shared this year—from Tim Cook to Delta’s Ed Bastian
▼ + stars: | 2022-12-31 | by ( Natasha Piñon | ) www.cnbc.com time to read: +5 min

Here are some of the best success tips that top CEOs shared this year. And magic to be found in the service of others.”Claire Babineaux-Fontenot, Feeding America CEO Claire Babineaux-Fontenot, the CEO of Feeding America, knows the importance of giving back. Beth Ford, Land O'Lakes CEO Land O'Lakes CEO Beth Ford is no stranger to success. “Often, we think, ‘Nobody is going to see the good job I’ve done,’ or we’re scared to ask for help. Yet, if you do ask someone for help, or ask for what you want, people will reach out and give it to you.”

☆ 39-year-old self-made millionaire: 'Success isn't owned, it's rented. And rent is due every day'
▼ + stars: | 2022-12-28 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

The 39-year-old founded Mielle Organics, a natural hair care brand, in 2014 after a devastating loss reshaped life as she knew it. At the time, Rodriquez had an almost decade-long career in nursing, a field her family reassured her was "recession-proof." Here's how Rodriquez navigated funding as a Black woman and the best career advice she's ever received. Yet, only 3% of Black women were operating mature businesses, indicating systemic discrimination in VC and funding — something that Rodriquez knows all too well. "Being a Black woman starting a company, the banks don't believe in you.

☆ Chipotle CEO Brian Niccol is betting that revamping the employee experience is the fast-casual chain's ticket to success
▼ + stars: | 2022-12-28 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +5 min

Brian Niccol's New Year's resolution is to bump Chipotle's internal-promotion rate — the rate of how many current staffers fill open jobs — to 95%. Courtesy of ChipotleBoosting Chipotle's internal-promotion rate is part of a broader move to create career paths for all employees. Under Niccol's leadership, Chipotle has raised employees' wages and helped workers pursue a range of academic degrees, debt-free. In August, workers at a Chipotle store in Lansing, Michigan, formed the first union at the company, the Washington Post reported. But Niccol sees the employee proposition at Chipotle as simple: We're serving high-quality food and we're giving you a place to grow your career.

☆ 10 money managers who quietly control the vast fortunes of Jeff Bezos, Sergey Brin, the Waltons, and other big-name billionaires
▼ + stars: | 2022-12-27 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +24 min

Many über-rich people don't outsource their wealth — they hire their own chief investment officers. He left SAC in 2005 for Dune Capital Management, but stayed in touch with Steve during his five-year term at the investment firm. Andrew oversees CPV's portfolio, which primarily comprises direct private investments such as Collectors Universe, a collectibles-authentication company, and the New York Mets. In 2011, Wildcat Capital Management was launched with Potter as president and chief investment officer. Since November 2021, Carland has also served as the interim chief investment officer for Builders Vision's asset arm.

☆ Elon Musk is surrounded by yes-men, and it's a recipe for disaster: 'The emperor has no clothes, but everybody's too afraid to tell him'
▼ + stars: | 2022-12-27 | by ( Grace Kay | ) www.businessinsider.com time to read: +6 min

Experts told Insider Elon Musk's close business relationships is a "recipe for disaster." Experts told Insider it's not surprising that the second-richest man in the world would be taken aback by public criticism. Across his companies, Musk also appears to have built up a slew of allies. Similarly, at Twitter, Musk has also brought in some of his personal associates to assist in the transition. 'Speak truth to power'It can be very difficult to "speak truth to power," Nawaz told Insider, saying it's important for CEOs to create "psychologically safe" environments.

☆ Viral chatbot ChatGPT will be overhyped, then overlooked, and then, perhaps, essential
▼ + stars: | 2022-12-20 | by ( Emilia David | ) www.businessinsider.com time to read: +7 min

Emerging technology like ChatGPT is usually called overhyped until it becomes essential. ChatGPT lets users ask its bot questions or give it prompts using GPT-3, an impressive piece of natural-language-processing AI tech. ChatGPT and the Gartner Hype CycleIn layman's terms, ChatGPT is a chatbot using GPT-3, a state-of-the-art AI model that uses a massive amount of data to generate humanlike text. It's all very exciting and new, which is where the Gartner Hype Cycle, from the tech-research and consulting firm Gartner, comes in handy. To be sure, the rise of generative AI and more forms of ChatGPT aren't assured.

☆ Airbnb suspended almost 4,000 hosts and guests this year for violating its policy against discrimination
▼ + stars: | 2022-12-14 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

Guests perceived to be Black had the lowest percentage of bookings confirmed after trying to reserve, a company report found. Airbnb says it removed nearly 4,000 accounts worldwide in 2022 for violating its non-discrimination policy, according to a company report published Tuesday. The policy prohibits Airbnb hosts from declining bookings or imposing different conditions on guests based on factors like their race, ethnicity, religion, sexual orientation, and gender identity. Last year, guests perceived to be Black were confirmed to book the Airbnb of their choice 91.4% of the time, compared to 94.1% for guests perceived to be white. Guests perceived as Black or Latino have fewer reviews than guests perceived as white or Asian, according to Airbnb.

☆ 10 of the best companies to work for if you want to advance your career―some jobs pay more than $100K/yr
▼ + stars: | 2022-12-13 | by ( Gili Malinsky | ) www.cnbc.com time to read: +5 min

The company was among the best for career stability and growing talent. It ranked among the best companies for career launchpad, career stability and advancement without a degree. MicrosoftTech giant Microsoft came in among the top companies for career stability, growing talent and advancement without a degree. It ranked among the best companies for career launchpad, career stability and advancement without a degree. It ranked among the best companies for career launchpad, career stability, growing talent and advancement without a degree.

☆ 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.

☆ 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.

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