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Joseph Ataman/CNNAfter many foreign workers fled Israel following the October 7 attacks, farmers were forced to abandon crops or rely on volunteers for the harvest. Inbar’s remaining foreign workers quietly motor up and down the rows of zucchini. Hamas fighters torched the barns holding hay for the dairy cows on Kibbutz Alumim, riding unopposed into the settlement before massacring foreign workers and attendees of the nearby Nova music festival. “The foreign workers run the farm, they do all the milking,” farm manager Stevie Marcus said of the working of the farm before October 7. Joseph Ataman/CNNStanding among Inbar’s zucchini, tech worker Avi Leibovich - volunteering on a day off from his day job - said he came to help Israeli farms survive.
Persons: Thais, Nattaphong Duangchan, Matan, Yosi, Joseph Ataman, Avi Dichter, , Lior Simcha, Stevie Marcus, Yosi Inbar, it’s, Benjamin Netanyahu, Inbar, “ We’re, Lisa Perlman, Inbar’s, Avi Leibovich, Danny Parizada, hadn’t, Mei –, Mei, Organizations: CNN, Hamas, Palestinian, West Bank, Milk Producers Association, United Nations Office, Humanitarian Affairs, of Housing, Brothers, Sisters, Volunteers Locations: Thai, Israel, Gaza, Hamas, Thailand, Thailand’s, Sri Lanka, Israel’s, Egypt, United States, Nova, Kibbutz Alumim, Gaza City, Tel Aviv
The settlement is the largest ever for the Justice Department involving claims of discrimination based on citizenship, the agency said. It requires Apple to pay $6.75 million in civil penalties and $18.25 million to an unspecified number of affected workers. The Justice Department did not specify which Apple jobs were affected by the recruitment procedures or how Apple may have benefited from them. Along with the payout, Apple agreed to align its recruiting for PERM jobs with its normal practices. The company will be required to conduct more expansive recruitment and train employees on anti-discrimination laws, according to the settlement.
Persons: Mike Segar, Apple, Daniel Wiessner, Alexia Garamfalvi, Deepa Babington Organizations: Apple Inc, Apple, REUTERS, U.S . Department of Justice, Justice Department, Justice, DOJ, The Justice, Thomson Locations: Manhattan , New York, U.S, PERM, Albany , New York
“If we put our hands up, we will have a food crisis in Israel.”The Israel-Hamas war has plunged Israel’s agricultural heartlands, located around the Gaza Strip and in the north near the Lebanese and Syrian borders, into crisis. Meanwhile, farms in the north produce 40% of the country's sub-tropical fruit and 70% of its eggs, the Agriculture Ministry said. It also plans to build greenhouses to make up for potential shortages, construct hundreds of bomb shelters near farms and support volunteer efforts to fill labor gaps. Before the war, roughly half of Israel's agricultural workforce was composed of foreign and Palestinian labor. As Israel calls 360,000 reservists up for military service, posts from pickers to truck drivers have been left abandoned, the Agriculture Ministry says.
Persons: Avi, , , Chivivian, Uri Dorman, Dorman, Yated, , I’m, Ben Assayag, it’s, Liad Vaknin, ” Vaknin, Marcelo, Wasser, “ I’m, ” ___ Frankel Organizations: Agriculture Ministry, Israel Farmers, West Bank, Israel’s Dairy, ” Volunteers Locations: ASHKELON, Israel, Gaza, Yated, Lebanese, Turkey, Haifa, Jerusalem, overdraft, Thailand, Rwanda, Ashkelon, Nirim, Argentina
Ad agencies sought to fill hundreds of roles this year, from traditional creative openings, to tech-focused jobs. Insider analyzed recent government data to see what agencies paid employees in the US. Here's a snapshot of what groups like WPP, Publicis, and Omnicom paid agency staffers this year. Many agencies have been looking to recruit increasingly technical roles like developers, data scientists, and engineers, alongside the more typical creative jobs. To get a picture of what agencies pay, Insider reviewed the US Department of Labor's Office of Foreign Labor Certification data from the first half of this calendar year.
Organizations: WPP, Publicis, US Department of Labor's, Foreign Labor
Singapore has dethroned Hong Kong to become the world's freest economy, according to a report released by Canadian think tank Fraser Institute. It measures the economic freedom of individuals — or their ability to make economic decisions on their own. New regulatory barriers to entry, increasing cost of business, and limits on employing foreign labor dented Hong Kong's ranking, the report stated. "These repressions, combined with the government's efforts to control the private sector, inevitably led to diminished economic freedom. Hong Kong's prosperity will likely suffer as a result," Mitchell said.
Persons: Hong Kong, Fraser Institute's, Matthew Mitchell, Mitchell Organizations: Fraser Institute, Hong Locations: Marina Bay, Singapore . Singapore, Hong, Canadian
Seoul, South Korea CNN —As South Korea struggles to get young people interested in marriage and kids, authorities are trying a new tack: importing foreign workers to carry some of the household burden. The plan will expand the number of industries and companies eligible to employ foreign workers, as South Korea faces an aging population, shrinking workforce and labor shortages in various sectors. South Korea has long struggled with chronic labor shortages in the manufacturing and agricultural sectors, Reuters reported. Some politicians have previously urged the government to import foreign workers to help alleviate the burdens on young couples and parents. Singapore’s migrant worker system is just as controversial for employing cheap foreign labor to sustain one of the world’s richest countries.
Persons: , They’ll, Seoul’s, , Housekeepers, Indonesia – Organizations: South Korea CNN, Authorities, Reuters, Ministry, Employment, Labor, Hong Locations: Seoul, South Korea, South, Korea, Hong Kong, Singapore, birthrate, Korean, , Philippines, Indonesia
In July, 26 men were taken to hospitals after three lorries, two ferrying migrant workers, collided on a major highway. Migrant workers sit in the back of a lorry in Singapore on May 15, 2020. Suhaimi Abdullah/NurPhoto/Getty ImagesSingapore is home to about 1.4 million migrant workers, nearly a quarter of its population. “Recent tragic incidents have highlighted the continued grave risks posed by transporting migrant workers on lorries,” the statement read. Still, victories for migrant workers are rare, said local civil rights activist Jolovan Wham and a worker taking on his powerful employer was almost unheard of.
Persons: Murugan, Muhamad Ashraf Syed Ansarai, , ” Ansarai, , – Toffazal Hossain, Sugunan, Edgar Su, Transport Amy Khor, ” Khor, Khor, Tan May Tee, ” Tan, ” “, Suhaimi Abdullah, Jolovan, Wham, ” Murugan, “ He’s, It’s Organizations: CNN, Singapore Civil Defence Force, Labor, , State, Ministry, Transport, “ Employers, Rigel Marine Services, Reuters, Getty, Singapore, Workers, Ministry of Transport, Singapore’s Ministry of Transport Locations: India, Singapore, Tamil Nadu, Bangladesh, China, Vietnam, , alighting
Insider analyzed salary data for thousands of workers to reveal how much large tech companies pay. We crunched the numbers for companies including Amazon, Apple, Facebook, Google, and Microsoft. The data from US companies report in foreign workers' visa applications sheds light on compensation. In March, the tech-industry association CompTIA reported that the projected rate for tech jobs over the next decade is nearly twice the national jobs rate. It projected over 270,000 net new tech jobs this year.
Organizations: Amazon, Apple, Facebook, Google, Microsoft, Companies, of Foreign Labor
Migrant workers in Oman are constructing a new luxury "city" that includes a Trump-branded hotel. They are laboring in extreme heat for as little as $340 a month, The New York Times reported. Critics of the project note that Oman is not regarded as a safe and welcoming environment for foreign labor. "Migrant workers are often not paid their full wages, forced to work excessively long hours, and denied adequate food and living conditions," according to a 2021 report from Human Rights Watch. Over a thousand migrant workers, many hailing from India, Pakistan, and Bangladesh, work 10-hour shifts before retiring to trailers that line the under-construction city.
Persons: , Donald Trump's, of Oman —, Donald Trump, Trump's, Jared Kushner, Virginia Canter Organizations: Trump, New York Times, watchdogs, Service, Trump Organization, , White, Getty, Human Rights Watch, Workers Locations: Oman, Saudi, of Oman, Washington, Muscat, India, Pakistan, Bangladesh
Private equity is often seen as the Holy Grail of finance jobs — but breaking in can be challenging. We also have data on private equity pay and the industry's top recruiters. Here is what we found about pay at private equity firms, including Blackstone, Apollo, and Bain Capital. Private equity recruiting has been starting earlier than ever Getty ImagesPrivate equity firms like to recruit young talent from investment banks. These days, the private equity recruiting process has started earlier than ever, resulting in middle-of-the-night interviews with offers being made — and blown up — all before Labor Day.
Persons: , bymuratdeniz, Blackstone, Samantha Lee, Drew Angerer, Skye Gould, Jon Gray, Grace Koo, Read, Carlyle, Alex Crisses, Thoma Bravo, Warburg Pincus, Wharton's, Axel Springer Organizations: Blackstone, KKR, Service, Apax Partners, Oaktree, of Foreign Labor, Apollo, Bain Capital, Labor, General Atlantic, PJT Partners, Partners, dealmakers, Wall, University of Michigan Locations: Carlyle, Blackstone, Axel
A Nvidia logo is seen on the company's building at an industry park in Tianjin, China, February 7, 2019. A blockbuster profit report Wednesday from Nvidia crystallized an important point for both markets and the economy: For better or worse, artificial intelligence is the future. "AI is real, AI is not a fad and we're only in the early innings," said Steve Blitz, chief U.S. economist at TS Lombard. "Does it change the course of the economy over the next three to six months? Does it change the economy over the course of the next three to six years?
Persons: Steve Blitz Organizations: Nvidia, Wall, TS Lombard Locations: Tianjin, China, Silicon Valley
See how much Amazon paid employees across the AWS business in 2022. Amazon Web Services' hiring has hit a low point. Insider combed data from that office, which authorizes hiring non-US employees and then publicly releases the data. Insider sorted through the hundreds of disclosed salaries that represent engineers, product managers, and more, to find out what the cloud giant was paying employees last year. Here's a breakdown of what AWS paid its developers, product managers, analysts, and other key roles through the end of 2022:
The experts were worried about a so-called wage-price spiral. Businesses' revenues "have risen faster than costs, and so margins have room to absorb rising labor costs." "It's not that a wage-price spiral couldn't happen, but it's low on the list of concerns versus the factors we know are problematic," she said. A key mechanism that would fuel a wage-price spiral, workers' bargaining power, has been weakened because unions have less power than in the 1970s, Makszin added. "But if you let interest rates go down against inflation and in effect weaken, you have an inflation spiral.
Amazon added hundreds of thousands of employees during the pandemic. Amazon is required to disclose salary offers in work-visa applications submitted to the US Office of Foreign Labor Certification. Insider combed through data from the office, which authorizes hiring non-US employees, then publicly releases the data. The following data excludes stock-based compensation, but it is still a valuable guide to Amazon's base salaries for a variety of positions. Insider looked at thousands of disclosed salaries that represent engineers, managers, and more.
The company discloses salary data in H-1B visa applications, and Insider analyzed the data. See how much Microsoft paid engineers and other employees before announcing layoffs in January. Microsoft in January announced plans to cut 10,000 employees through March amid a wave of layoffs across the tech industry. Insider analyzed salaries covering 12 months ending December 31, 2022, and salaries were rounded to the nearest thousand. Still, it is a valuable guide to Microsoft salaries for a variety of positions.
Salesforce grew exponentially during the coronavirus pandemic, and it paid top dollar for talent. The company discloses salary data in visa applications, and Insider analyzed the data. See how much money Salesforce has paid engineers, managers, and other employees. Under pressure from a swarm of activist investors, Salesforce is shedding workers after rampant hiring during the early years of the coronavirus pandemic. Because Salesforce began its cuts in January, the following data provides a snapshot of how the company paid lavish salaries to compete for talent before the tech sector entered a historic downturn.
Some of the most recent private equity recruits will rake in nearly $200,000 in base pay alone. Among the firms recruiting are Bain Capital, Blackstone, and KKR & Co. — three of the largest private-equity firms in the world based on funds raised in the last five years. These private-equity firms, along with others, have increasingly accelerated their recruiting timelines to get ahead of competitors, as Insider previously reported. To woo promising junior talent, private-equity firms offer sky-high salaries and even more enticing bonus propositions, much like in investment banking, from which these firms cull most of their talent. Oaktree Capital ManagementOaktree Capital Management was founded in 1995, and has $170 billion in AUM, according to its website.
Insider combed through public data to get a snapshot of how much TikTok pays US employees. TikTok and owner ByteDance has offered base salaries between $29 an hour and $438,000 a year. Insider updated its analysis of how much TikTok employees make in the US, based on 1,135 US work-visa applications with salary data for more than 500 different jobs. The data includes base salaries only, not forms of compensation such as stock options or cash bonuses. It shows, for example, that TikTok offers $100,000 per year or more for certain content-operations roles, and that ByteDance offers as much as $200,000 per year for software engineers for its AR-effects platform.
Insider analyzed US work-visa data to gauge salary levels at TikTok and parent company ByteDance. The data show TikTok and ByteDance offered staffers on US work visas $29 an hour to $438,000 a year. The public data show how much the company offered to pay foreign staffers it sought to hire in the US for jobs including product, engineering, and data-science roles. Based on the data, TikTok and ByteDance offered from late 2020 to late 2022 base salaries ranging from $29 per hour to $438,000 per year for various roles. We listed examples of salaries in each division below, followed by a complete list of the jobs included in the data.
But If you’re wondering why America’s labor shortage persists nearly three years into the Covid pandemic, it’s in part because America doesn’t have enough immigrants. Immigrants are vital to the US economy and fill thousands of US jobs – jobs many Americas don’t want to do. Federal Reserve Chairman Jerome Powell said that in addition to an aging workforce there is a lack of foreign labor contributing to labor shortages. Those types of industries had higher rates of unfilled jobs last year – adding to existing labor shortages, according to UC Davis research. “The farm labor crisis is hindering production and contributing to food price inflation.
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.
Insider analyzed new pay data from the entertainment companies, now merged as Warner Bros. Recent salaries ranged from $55 an hour to $300,000 a year for jobs at HBO and other units. The salaries ranged from $55 per hour to $300,000 per year, with a median annual salary of $143,000 to $170,000. For example, Discovery offered an ad sales account manager between $131,458 and $149,000 per year, according to the data. Associate Manager, Brand Marketing/Publishing: $92,518 to $130,011WarnerMedia DirectData Architect: $162,400 to $200,150 median; ranging from $159,800 to $205,000WarnerMedia Services
Organizations: & $, & $, & $
Insider analyzed public data to get a snapshot of how much Spotify employees in the US make. The streaming-audio company offered some US staffers annual salaries between $75,000 and $369,500 from late 2020 to 2022. Insider updated its analysis of how much Spotify employees are paid in the US to include the latest available salary information. The data, released by the US Department of Labor's Office of Foreign Labor Certification, shows how much Spotify offered to pay employees who it wanted to hire in the US through work visas. Spotify offered certain US staffers between October 2020 and September 2022 annual base salaries ranging from $75,000 to $369,500 across about 180 different roles, according to the data.
Pay soared everywhere, but particularly at boutique firms, which tend to pay more than big banks. Some of the biggest beneficiaries of that trend were those at "boutique" firms — smaller banks lesser known to industry outsiders — like Moelis, Lazard, and Evercore. It has more than 3,000 employees according to LinkedIn and more than 200 open positions. Rothschild & Co.Based in Paris, but with offices in several US cities, Rothschild has 3,600 employees, according to their website. 2 in number of completed transactions for the first half of 2022, according to their August press release.
Insider analyzed US work-visa data to gauge salary levels at TikTok and parent company ByteDance. The data show TikTok and ByteDance offered staffers on US work visas $30 an hour to $400,000 a year. And TikTok has begun to get into its stride with advertisers who are now taking it more seriously as a marketing platform. Based on the data, TikTok and ByteDance offered from late-2020 to mid-2022 base salaries ranging from $30 per hour to $400,000 per year for various roles. TikTok's median annual base salary was roughly $184,000 per year, based on data from 319 foreign-labor certification applications.
Organizations: & $, & $
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