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How CEOs are preparing for possible employee protests
  + stars: | 2024-04-29 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +10 min
You can always choose to move on, but remember you don’t have a right to work at most companies. We can’t keep re-litigating when we also have a business to runYou speak with CEOs every day. Most of the CEOs I’ve talked to said they haven’t seen their employees protest, but they’re bracing for it. But I will say that I don’t think it will become that widespread because of how swiftly and unapologetically Google addressed it. I don’t think it will become a thing.
Persons: Sundar Pichai, Bell, Johnny C, Taylor Jr, that’s, we’re, We’re, we’ve, I’m, You’d, They’re, I’ve, Royce, Peter Valdes, “ We’re, , Martin Fritsches, “ That’s, Brian Fung, Sean Lyngaas, Satya Nadella, Sam Altman, Northrop Grumman, Alejandro Mayorkas Organizations: CNN Business, Bell, New York CNN, Google, Tech, Society for Human Resource Management, Companies, Royce, BMW, OpenAI, Microsoft, Department of Homeland Security, Delta Air Lines, DHS, , Amazon Web Services, IBM, Cisco, , Civil Locations: New York, Israel, Chichester , England
So, whether you want help recognizing the toxic employees around you — or you'd like to avoid becoming one yourself — watch out for these three red flags, CEOs say. The entitled employeeDon't ever act like you're owed a promotion or raise, says Tom Gimbel, CEO of staffing and recruiting firm LaSalle Network. "[People who say] 'I'm only going to do what's in my job description, I'm not going the extra mile, I'm not going to commit time to this' and expect to be rewarded" aren't desirable employees, Gimbel tells CNBC Make It. Sometimes, employees are caught off-guard when colleagues with less tenure get promoted first, but time alone doesn't entitle anyone to a promotion. When the employee turned in the work, it contained a noticeable error — and they blamed Fox, saying her instructions were unclear.
Persons: Tom Gimbel, I'm, Gimbel, Talia Fox, Fox Organizations: Society of Human Resource Management, LaSalle Network, CNBC, KUSI
Office crushes, in all their mercurial glory and pain, continue to shape our working lives in deeply meaningful ways. But through all these changing norms, workplace crushes remain remarkably common. Jim, after all, doesn't even ask Pam on a date until the season-three finale of "The Office." That most workplace crushes never lead to consummated relationships doesn't make them any less powerful. An admitted serial crusher, she still gets work crushes — last year she counted "a solid eight."
Persons: Derek, Brendan, Michael Rosenfeld, Manny, Sean Horan, we're, she'd, Karis, Stefan, Darcy, , Helen Fisher, Lakshmi Rengarajan, Rengarajan, smolder, Jim, Pam, I've, it's, I'd, Slack, Mikel Jaso, didn't, couldn't, weirdly, they'd, Johnny C, Taylor Jr, MeToo, Ayear, Tiana Reid, texted Derek, Alexandra Molotkow Organizations: Society for Human Resource Management, Stanford, Fairfield University, Match.com, BI Karis, Society for Human, York University Locations: New York City, Singapore, Brendan's, New York, Chicago, Toronto
Western militaries aren't ready to fight wars of attrition like the Ukraine war, a former Army officer argues. Western militaries haven't been preparing for that type of fighting, and it may need a change in strategy, resource management, and training. AdvertisementVershinin noted that Western militaries have long seen attritional conflicts as exceptions to be avoided at all costs in favor of the shorter, maneuver-focused clashes. A Ukrainian soldier loads a machine gun inside a trench amid Russia and Ukraine war in Donetsk Oblast, Ukraine on August 17, 2023. According to Vershinin, Western forces could face personnel issues, as their NATO armies value professional and experienced non-commissioned officers (NCOs) and troops that, if taken out of battle, aren't easily replaceable.
Persons: , haven't, Alex Vershinin, Vershinin, Ignacio Marin, Volodymyr Zelenskyy, Valery Zaluzhny Organizations: Army, Service, US, Royal United Services Institute, NATO, Anadolu Agency, Getty, West, US Army, Archer Artillery, Roman Locations: Ukraine, China, Kyiv, Ukrainian, Russia, Donetsk Oblast, Vershinin, Soviet
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA Zoom recording of a council meeting in a rural region of New Zealand uploaded to YouTube nearly four years ago has racked up almost two million views, with people commenting that they play it to pretend to be busy in the office. The video, uploaded by the Waipa District Council in April 2020 during the early days of the COVID-19 pandemic, shows a Zoom meeting of the region's finance-and-corporate committee. One is a product-marketing meeting uploaded by the software company GitLab and another is a finance meeting uploaded by the city of Santa Fe, New Mexico. Being in the office can be more distracting as colleagues do things such as "desk bombing" or pulling you into spontaneous chats.
Persons: , Fortune, I'm, commenter, Jessica Methot Organizations: Service, YouTube, Business, Companies, Rutgers University Locations: New Zealand, Waipa, Santa Fe , New Mexico
Why this snowy Japanese island is a food lover’s paradise
  + stars: | 2024-03-07 | by ( Milly Chan | ) edition.cnn.com   time to read: +10 min
Hokkaido, Japan CNN —Hokkaido, Japan’s northernmost main island, is unlike anywhere else in the country. Chef Tomoyuki Takao in the kitchen of his eponymous Hokkaido restaurant. “I realized that the indigenous Ainu people were the most knowledgeable about the forest,” Takao says. It was the first Japanese wine ever served in the iconic restaurant Noma in Copenhagen, and is a firm favorite on Takao’s wine list. The ocean’s winter bountyVideo Ad Feedback Discover why these clams taste best in winter 06:25 - Source: CNNSeafood is an integral part of Hokkaido’s food culture.
Persons: Tomoyuki Takao, CNN “, , ” Takao, Takao, , Sonoko Fukae, “ I’ve, Yu Uchida, Uchida, ” Uchida, Japow isn’t, Soga, Yoichi, Soga’s, ” Takahiko, Akio Kashiwamura, ” Kashiwamura, Kashiwamura, doesn’t, Akemi Yokoyama, Kazuki Akazawa, Akazawa, it’s Organizations: CNN, Japan CNN, Michelin, European, Ebetsu, , CNN Seafood Locations: Hokkaido, Japan, Sapporo, French, Honshu, Shikisai, Copenhagen, Takao, Burgundy, France, Okhotsk, , Notsuke, Tomakomai
While we didn't work together directly, I interacted with him sometimes. But even back then, I knew that dating a coworker was a bad idea. AdvertisementThough our company didn't forbid colleagues from dating one another, we both already sensed the taboo nature of our dalliance so we tried to keep it a secret. When you add in the chance of sexual harassment allegations, I would never recommend dating a coworker. Even if you work in different departments, dating a coworker is opening a Pandora's box of emotions that are difficult to navigate professionally.
Persons: , Austin, peeking, we'd, Logic, Eros, didn't, It's, I've, I'm, you've, who've, haven't, Lara Sterling Organizations: Service, Business, Austin, Society for Human Resource Management Locations: Austin, Los Angeles
Executives at the online furniture retailer Wayfair told its staff in January that remote workers were likelier to be hit in its latest round of job cuts. Add in long-term trends, like the decline in loyalty between employers and employees , and it's no wonder remote workers feel anxious about cuts. “It’s not too surprising,” Peter Cappelli, a management professor at the Wharton School who has never been a big fan of remote work, said. “That is something remote workers should be thinking about as they’re engaging with supervisors,” she said. Remote workers aren’t doomed to the unemployment line, but they may want to try a little extra to get noticed.
Persons: Wayfair, , Dell, Goldman Sachs, “ It’s, ” Peter Cappelli, , Nick Bloom, ” Bloom, Emily Dickens, ” Prithwiraj Choudhury, ” Joseph Fuller, pang, Emily Stewart Organizations: IBM, Reuters, Google, Wharton School, Stanford, Society for Human Resource Management, Harvard Business School, Employers, Workers, “ Workers, Staff, Business
A new generation of artificial intelligence is poised to turn old assumptions about technology on their head. For years, people working in warehouses or fast food restaurants worried that automation could eliminate their jobs. But new research suggests that generative A.I. — the kind used in chatbots like OpenAI’s ChatGPT — will have its biggest impact on white-collar workers with high-paying jobs in industries like banking and tech. “There’s no question the workers who will be impacted most are those with college degrees, and those are the people who always thought they were safe,” said Matt Sigelman, president of the Burning Glass Institute.
Persons: , , Matt Sigelman Organizations: Burning Glass, Society for Human Resource Management, Glass Institute
CNN —An oil tanker in the Gulf of Aden is on fire after a missile attack by Yemen’s Houthi militants, in the latest incident linked to the Iran-backed group in the key shipping route. US Central Command said the ship had issued a distress call and reported damage after militants fired an anti-ship ballistic missile from a Houthi-controlled area of Yemen. The USS Carney, a guided missile destroyer, and other coalition ships responded “and are rendering assistance,” Central Command said. Earlier in the day, the USS Carney had shot down a Houthi anti-ship ballistic missile that targeted the US warship, according to US Central Command. Houthi forces stormed the capital Sanaa in 2014, and toppled the internationally recognized and Saudi-backed government, triggering a civil war.
Persons: Yemen’s, , Carney, Biden, Abdul Malek al, Houthi Organizations: CNN, US Central Command, , Command, Resource Management, US, United Nations Development Programme Locations: Gulf, Aden, Iran, British, Yemen, Britain, Israel, Gaza, America, Africa, Suez, Saudi
These are Morgan Stanley's top sustainable plays for 2024
  + stars: | 2024-01-18 | by ( Alex Harring | ) www.cnbc.com   time to read: +4 min
Morgan Stanley released its top sustainability-themed investment ideas on Wednesday for the new year. Here are the top picks from Morgan Stanley, along with their associated theme and star-or-spark designation: Electric helicopter stock Joby made the list and is deemed a star. Morgan Stanley has a price target showing the stock could regain some of that lost ground, climbing almost 34% from where it ended Wednesday's session. Morgan Stanley's price target reflects the potential for shares to soar around 76% over the next 12 months. The rest of Wall Street sees a more muted upside, with an average price target implying an upside closer to 11%.
Persons: Morgan Stanley, Laura Sanchez, Kristine Liwag, Sanchez, That's, Corteva, Wells, Richard Garchitorena, Morgan Organizations: Electric, rideshares, Nu Holdings Locations: Wednesday's, Wells Fargo, America
Greenland Glaciers Melt Five Times Faster Than 20 Years Ago
  + stars: | 2023-11-10 | by ( Nov. | At A.M. | ) www.usnews.com   time to read: +2 min
By Johannes BirkebaekCOPENHAGEN (Reuters) - Global warming has increased the speed at which glaciers in Greenland are melting by fivefold over the last 20 years, scientists from the University of Copenhagen said on Friday. Greenland's ice melt is of particular concern, as the ancient ice sheet holds enough water to raise sea levels by at least 20 feet (6 meters) if it were to melt away entirely. "I believe we can prepare for those glaciers to continue to melt at increasing speeds," Olesen said. Glaciers in Greenland are often used to anticipate the effects of climate change on Greenland's ice sheet. The Greenland ice sheet contributed 17.3% of the observed rise in sea level between 2006 and 2018 and glaciers have contributed 21%.
Persons: Johannes Birkebaek COPENHAGEN, Anders Anker Bjork, Bjork, Jørgen Eivind Olesen, Olesen, William Colgan, Johannes Birkebaek, Barbara Lewis Organizations: University of Copenhagen, geosciences, Reuters, European Union, Climate Institute, Aarhus University, Geological Survey Locations: Greenland, Denmark
Valleys cut by glaciers of the Greenland Ice Sheet along the mountains of Greenland, August 3, 2022. Greenland's ice melt is of particular concern, as the ancient ice sheet holds enough water to raise sea levels by at least 20 feet (6 meters) if it were to melt away entirely. "I believe we can prepare for those glaciers to continue to melt at increasing speeds," Olesen said. Glaciers in Greenland are often used to anticipate the effects of climate change on Greenland's ice sheet. The Greenland ice sheet contributed 17.3% of the observed rise in sea level between 2006 and 2018 and glaciers have contributed 21%.
Persons: Jim Urquhart, Anders Anker Bjork, Bjork, Jørgen Eivind Olesen, Olesen, William Colgan, Johannes Birkebaek, Barbara Lewis Organizations: REUTERS, Rights, University of Copenhagen, geosciences, Reuters, European Union, Climate Institute, Aarhus University, Geological Survey, Thomson Locations: Greenland, Denmark
Paycom forecasts weak fourth-quarter revenue; shares tank
  + stars: | 2023-10-31 | by ( ) www.reuters.com   time to read: +1 min
Oct 31 (Reuters) - Payroll processor Paycom Software (PAYC.N) on Tuesday forecast fourth-quarter revenue that was below market estimates hit by sluggish demand for payroll solutions and human resource management amid an uncertain economy, sending the company's shares down 28% in extended trading. Sticky inflation and high borrowing costs have clouded Paycom's outlook and hurt demand for the company's human resource and payroll services amid a resilient job market. Paycom forecast current-quarter revenue in the range of $420 million to $425 million, compared with estimates of $452.3 million, according to LSEG data. The company also cut its annual revenue forecast to a range of $1.679 billion to $1.684 billion. It posted revenue of $406.3 million for the third quarter ended Sept. 30, missing analyst estimates of $411.2 million.
Persons: Zaheer Kachwala, Shailesh Organizations: Paycom, Thomson Locations: Bengaluru
Organizations that maintain a culture of empathy can see higher engagement and profits. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "The ways that you are supported during hard times makes a big difference in how you feel able to be included and thriving at work," Manning said. To maintain that practice, Manning said, managers need to be trained in having conversations about tough times.
Persons: , Alayna, Almén, wouldn't, Katharine Manning, who's, Manning, Molly Lipson Organizations: Service, Gallup, Bureau of Labor Statistics, Society, Human Resource Management
No-mad | Istock | Getty ImagesThe United Auto Workers union has brought new attention to the idea of a 32-hour workweek as part of its strike demands. A recent Bankrate survey found 81% of full-time workers want a four-day workweek. That goes particularly for younger workers ages 18 to 42, with 83% embracing that work schedule, the personal finance website found. The enthusiasm for a four-day workweek comes as the Covid-19 pandemic prompted many workers to question the so-called "hustle culture" that has defined traditional full-time in-office work. The availability of a formal four-day workweek is still limited, Schweber said.
Persons: Sarah Foster, Z, Foster, it's, Gen Z, Julie Schweber, Schweber Organizations: United Auto Workers, Employers, Employees, Society for Human Resource Management, Finance
Hiring managers are less and less impressed by where you went to college — or if you have a four-year degree at all. Nearly half — 45% — of companies have dropped degree requirements for some roles this year, according to new research from ZipRecruiter, which surveyed more than 2,000 U.S. employers. Instead, companies are prioritizing skills over education: 42% of companies are now explicitly using skills-related metrics to find candidates, LinkedIn told CNBC Make It in June, up 12% from a year earlier. "Employers have the perception that younger generations are no longer picking up these important soft skills at school or at college," she explains. Between 2021 and 2022, when companies were desperate to fill vacancies, many lowered their recruiting standards, hiring more "novice employees" lacking these important soft skills, says Pollak.
Persons: Julia Pollak, Marissa Morrison, Morrison, Pollak, Gen, Amanda Augustine, you've, Augustine Organizations: CNBC, Harvard Business, Glass Institute, Employers, Society for Human Resource Management, Global Locations: ZipRecruiter
The average worker gets 10-14 days of vacation time per year after one year of service, the U.S. Bureau of Labor Statistics reports. "There are a number of organizations that we've worked with who, instead of having vacation maximums, will say vacation minimums, which is an interesting concept," she said. In some cases, companies even require at least five of each employee's vacation days to be taken consecutively — in other words, a mandatory "solid week" of vacation, said Pruitt-Haynes. Fifty-four percent of U.S. workers say they can't or shouldn't completely stop working while on vacation, according to a 2022 Glassdoor report. Turn off any company-owned devices while you're away and plan busy vacation days to keep yourself from thinking about work, he advised.
Persons: Christy Pruitt, Haynes, we've, Pruitt, Rebecca Port, I've, workcations, Jonny Edser Organizations: Society for Human Resource Management, U.S . Bureau of Labor Statistics, Genomics, CNBC Locations: New York, USA
New York CNN —New York State is the latest jurisdiction to implement a pay disclosure law that requires employers to list salary ranges for open roles. “We’re seeing a patchwork [of different pay disclosure requirements], which makes it hard for multistate employers to navigate,” said Monica Snyder Perl, a partner at Fisher Phillips. Some laws require employers to disclose ranges just for base pay, but others mandate that information about compensation and benefits be included as well. The impact of the lawsAll the pay disclosure laws are relatively new. Leniency may continue until employers and regulators work out their questions about each jurisdiction’s pay disclosure rules, which are still being interpreted by employment lawyers and, in some cases, being amended by legislators.
Persons: Fisher Phillips, , Monica Snyder, headcount, Perl, Washington ” —, it’s, , ” Perl Organizations: New, New York CNN — New, New York CNN — New York State, New York, New York State, Evergreen State, Colorado —, Society for Human Resource Management Locations: New York, New York CNN — New York, New York State, New York City, Ithaca, Westchester County, Washington State, Washington, Kansas, Colorado, Hawaii, Illinois, California
Child care 'is a public good'Experts say that systemic change, such as broader parental leave and more public funding for child care, must be involved in order for child care to improve at a larger scale. The national annual cost of child care was about $10,853 for one child in 2022, the organization Child Care Aware of America found. In 2023, 67% of parents reported to spend 20% or more of their household income on child care, Care.com found. Use the benefits you have availableYour workplace may have some options to help you find care, such as backup care providers or on-site child care. Meanwhile, California, Colorado, Hawaii and New Mexico passed laws to provide universal preschool in the past year.
Persons: Lauren Rosenberg, Taryn Morrissey, Morrissey, Care.com, Katherine Gallagher Robbins Organizations: Portland Press Herald, Getty, U.S . Bureau of Labor Statistics, American University, U.S . Department of Labor, D.C, Strong, Society for Human Resource Management, District of Columbia, The National Partnership for Women, Washington, Washington , D.C, National Institute for Early Education Research Locations: Portland , Maine, Hamilton, America, Washington, U.S, California , Colorado , Connecticut, Delaware , Maine , Maryland , Massachusetts, Minnesota , New Jersey , New York , Oregon, Rhode Island, Washington ,, Florida , Iowa , Oklahoma , Vermont, West Virginia, Wisconsin, Georgia , Illinois, Maine, New York, , California , Colorado, Hawaii, New Mexico
That $5,250 is the federal cap on the amount of tax-free money that employers may offer to help defray employees’ qualified costs for their own education, including tuition and fees. In response to the Society of Human Resource Management’s 2023 employer benefits survey, only 8% of organizations said they offer student loan benefits to employees, a percentage that hasn’t changed for five years. But lawmakers who advocated for tax-advantaged employer benefits to help with student loan payments are concerned there hasn’t been enough public awareness of it. That may be of particular interest now that the yearslong pause in payments on federal student loans is expiring. But for anyone who also has to pay off private student loans, the amount they shell out every month is likely much higher.
Persons: it’s, , hasn’t, Danny Werfel, , Katie Lobosco Organizations: New, New York CNN, Society of Human, IRS, Federal Locations: New York
CNN —A state agency delayed a water management company’s request to make more water available to fight the devastating wildfires in Maui earlier this month, according to letters obtained by CNN. The agency told Tremble that his company first had to ask about impacts on downstream users, according to the letter. Tremble told CNN by that time, his company’s water system manager left the area to evacuate his family and other staff couldn’t be reached. In a follow-up letter, Tremble thanked the chairperson for the prompt response. “This deployment does not suggest that First Deputy Manuel did anything wrong.”The agency declined to comment on whether quicker approval of West Maui Land Company’s request would have helped firefighters.
Persons: Glenn Tremble, Tremble, couldn’t, ” Tremble, , , Josh Green, Kaleo Manuel –, , Manuel, Manuel couldn’t Organizations: CNN, Maui Land Company, Water Resource Management, Honolulu Star, Honolulu Civil, Department of Land, Resources, Department Locations: Maui, Hawaii, Lahaina ., Lahaina, Honolulu, West Maui
2 in 3 surveyed investors feel companies with unlimited vacation could beat the S&P 500. Unlimited time off may make little difference to the leave days taken by employees. Of those surveyed, 65% of professional investors and 57% of retail investors believed unlimited vacation companies could outperform the S&P 500's performance. However, only 18%, or less than 1 in 5, believe the trend of unlimited vacation time is likely to take off. In 2022, Glassdoor reported a 75% increase in mentions of "unlimited" leave policies in employee reviews since the pandemic's onset.
Persons: Glassdoor, Wharton, Peter Cappelli Organizations: Service, Bloomberg, Netflix, Microsoft, Society for Human Resource Management, Employees, Fast Company Locations: Wall, Silicon
Map: See Where the Hawaii Wildfires Spread in MauiKaanapali Hawaii Area of detail Approximate area of fires detected through Thursday MAUI Lahaina Launiupoko Hawaii Kaanapali Area of detail Lahaina MAUI Approximate area of fires detected through Thursday Launiupoko Source: New York Times analysis of NASA Fire Information for Resource Management System data Note: Darker areas indicate a higher confidence of fire activity. Wind-fueled wildfires that tore through the island of Maui in Hawaii on Tuesday and Wednesday have claimed at least 36 lives, forced the evacuation of thousands and decimated Lahaina, a historic tourist town. June 25 Aug. 9 Maxar TechnologiesTourists flock to Hawaii in large part for its tropical landscape and lush forests, but the state has also become increasingly vulnerable to wildfires. The area burned annually by wildfires in Hawaii has quadrupled in recent decades. Invasive grasses that are highly flammable have taken over native vegetation in some areas, and climate change has exacerbated dry and hot conditions that have allowed many wildfires to spread more quickly.
Organizations: New York Times, NASA, Resource Management, Maxar Technologies, U.S . Drought Locations: Hawaii, Maui Kaanapali Hawaii, Lahaina Launiupoko Hawaii Kaanapali, Lahaina MAUI, Maui, Lahaina, Maui County
The analysis found that the fully remote companies in the study had head-count growth rates over double those of fully in-person companies. The findings were released against a backdrop of many major companies requiring employees to return to the office full time. This push may lead thousands of Americans to look for work at more flexible companies to avoid expensive commutes and childcare. The study found the average company requiring in-office work asked staff to come in just over 2.5 days a week. Over the 12-month period, fully flexible and structured-hybrid companies grew their workforce by more than double the rate of full-time in-office companies.
Persons: Goldman Sachs, Nicholas Bloom Organizations: Service, Scoop Technologies, Data Labs, JPMorgan, Apple, Society for Human Resource Management, Stanford, Disney, Company Locations: Wall, Silicon
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