Happy And Succeeding In The Future Of Work
Here’s Some Bad News For Employees Looking For Raises, Remote Work And Shorter Workweeks
This week, Payscale released the results of its bellwether survey, the 2023 Compensation Best Practices Report.
It’s not wonderful news for employees: fewer employers are offering pay raises and those that will aren’t exactly being generous. As for folks who love the idea of more flexibility in their working lives? The survey reveals there’s a growing kibosh on remote work arrangements. Senator Bernie Sanders’ four-day workweek? Forget about it.
The report, conducted between October 2022 and December 2022, of nearly 5,000 employers headquartered in the U.S. (69%), Canada (8%), and Europe, The Middle East and Africa (17%), is a bit of a downer.
A Look At The Crypto Firms Looking To Expand Their Workforce While Others Continue Layoffs
Even with most tokens posting significant gains this year, several crypto firms are still reeling from the contagion effects of 2022. As such, some of the biggest web3 companies, including Polygon, Dapper Labs, Coinbase, Crypto.com, etc., have declared job slashes this year to mitigate their financial woes. However, a handful of firms have managed to buck this trend and are preparing to go on massive hiring sprees in the coming months. Here’s a quick round-up of these firms and their ambitious expansion plans.
More Layoffs After Twitter Cuts Off Internal Communications For Employees
On Sunday, The New York Times reported, “Twitter laid off at least 200 of its employees on Saturday night, three people familiar with the matter said, or about 10 percent of the roughly 2,000 who were still working for the company. Elon Musk, who acquired the social media platform in October, has steadily pared back its workforce from about 7,500 employees as he has sought to reduce costs.”
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JPMorgan Joins Other Companies in Banning ChatGPT
Financial services giant JPMorgan Chase has reportedly banned its staff from using ChatGPT. CNN cited sources saying that the decision, which applies to global staff, was due to compliance concerns over using third-party software. JPMorgan staff were asked not to enter sensitive information into OpenAI’s free-to-use chatbot, a practice Ikea’s global vice president for digital ethics and responsible AI encouraged earlier this month.
Disgraced FTX Founder Sam Bankman-Fried Has Another Big Problem: He Won’t Shut Up
Sam Bankman-Fried, the disgraced founder of the cryptocurrency exchange FTX, isn’t doing himself any favors. Despite being charged with orchestrating one of the largest financial frauds in history and facing the prospect of spending his life in prison, he has been tweeting and giving interviews with media — all in an attempt to defend himself in the court of public opinion.
Supreme Court Will Hear Case Challenging Consumer Financial Protection Bureau Funding
The Supreme Court on Monday agreed to hear arguments in a case challenging the constitutionality of funding for the Consumer Financial Protection Bureau. The order taking the case came four months after a federal appeals court panel unanimously ruled that the CFPB’s funding mechanism was unconstitutional. That ruling, which tossed out a CFPB regulation targeting payday lenders, had called into question every order and other action issued by the consumer watchdog in its history, the Biden administration has said.
Nearly 1 In 2 Leaders Get The ‘Sunday Scaries.’ This Is What’s Stressing Them Out
“Bare Minimum Mondays” is making its rounds on TikTok. The trend—which, as it says, encourages people to do only do the bare minimum on a Monday—is being pitched as the perfect antidote to that feeling of pressure and dread that begins to bubble up ahead of the working week, often on a Sunday night. But it’s not just workers who experience the “Sunday scaries.” New research shows that leaders are not immune to the experience psychologists call “heightened anticipatory anxiety” as the weekend comes to a close.
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Jack Kelly is available to discuss a broad range of topics, including, but not limited to: the job market, the state of recruiting, trending news stories and career advice. He has appeared on CNBC, MSNBC, NBC, FOX, CBS, BBC and NPR. Jack has been quoted in the the Wall Street Journal, Washington Post, Economist, INC., New York Post and more.
About Jack Kelly
Jack Kelly is the CEO, founder, and executive recruiter at one of the oldest and largest global search firms in his area of expertise. He has personally placed thousands of professionals with top-tier companies over the last 20-plus years. Jack is passionate about advocating for job seekers. In doing so, he founded a start-up company, WeCruitr, at the beginning of the Covid-19 pandemic. The mission of WeCruitr is to help people in need and make the job search more humane and enjoyable. As a proponent of career growth, Jack shares his insider interviewing tips and career advancement secrets as a Senior Contributor for Forbes. He also covers timely topics related to corporations, high-profile people, Wall Street, politics and other important matters. The pieces offer insight into the news and how it may impact your career. Jack is the author of Happy and Succeeding in Your Job Search, as well as the host of Happy And Succeeding In The Future Of Work and cohost of the Blind Ambition podcast.