Happy At Work
Apple Offers Bonuses Ranging Up To $180,000 To Retain Workers And Ward Off Meta From Poaching Top Talent
Apple, one of the largest tech companies in the world, is worried. The war for talent, especially in the tech sector, is heating up. Surprisingly, the pandemic saw a boom in entrepreneurialism, cryptocurrency exchanges, FinTechs and rapid growth at big giants, like Amazon, Google, Microsoft, Zoom and Netflix. There has also been a rush in venture capitalists funding new startups. According to Bloomberg, Apple is particularly concerned over the thousands of new employees Meta—formerly Facebook—will need to build the metaverse. In a preemptive strike to retain top talent, Apple is offering an “unusual and significant stock bonuses to some engineers in an effort to retain talent, looking to stave off defections to tech rivals.”
Empathy In The Workplace Is Not Only Walking In Someone’s Shoes— It’s Understanding And Taking Action
It took a global pandemic for many business leaders to wake up and recognize the need to treat their workers with empathy, respect and dignity. Up until recently, it was accepted practices for CEOs, executives and middle managers to rule with an iron fist. Workers were paid to do their jobs, and that’s it. There weren’t any open and honest conversations held about the mental health and well-being of their employees. The old-school mindset was that if you showed some compassion, it’s a sign of weakness.
In A Competitive Job Market Free Company-Paid College Tuition Is The Key To Attracting, Retaining And Motivating Workers
In the United States, about half the people who start college don’t finish. This creates a big problem for nearly 40 million Americans—roughly 20% of the working-age population—that only have some college credits, no degree and tens of thousands of dollars in debt that anchors them down for the rest of their lives. The Federal Reserve Bank estimates that Americans owe about $1.73 trillion in student loans, with nationwide college debt increasing by 91% between 2011 and 2021. An undergraduate degree at a public school increased by 213% since the 1980s, according to the College Board.
NJ Walmart Shuts Down Due To COVID Outbreak, 90 Workers Infected
A Walmart in Linden turned customers away at the door after dozens of employees tested positive for COVID-19 on Tuesday, Dec. 28. The Walmart located on W Edgar Road in Linden shut temporarily “as part of an ongoing company-initiated program … for a third-party specialist to further sanitize the store,” according to the company’s statement. The store closed around 2 p.m. on Tuesday and plans to reopen at 6 a.m. on Thursday.
Elon Musk Sells Another $1 Billion In Tesla Shares, Nearing 10% Target
Tesla and SpaceX CEO Elon Musk has sold another 934,090 shares, or about $1.02 billion worth of his holdings, in his electric car and solar business according to financial filings published late Tuesday. Musk also exercised options to buy nearly 1.6 million Tesla shares at a strike price of $6.24 per share, granted to him via a 2012 compensation package.
Fauci, 81, Will Get The Largest Retirement Package In Federal Government History At $350,000 A Year When He Steps Down As Biden’s Top COVID Advisor, Records Reveal
Anthony Fauci is set to rake in the highest-ever federal government retirement package in U.S. history with his annual payment exceeding $350,000, according to a Forbes estimate. The White House‘s top COVID adviser, who is 81, has shown no indications that he will retire any time soon after 55 years as a federal employee. Since 1984, Fauci has served as the Director of the National Institute of Allergy and Infectious Diseases (NIAID) at the National Institutes of Health.
More Than Half Of U.S. States Will Raise Their Minimum Wage In 2022, But Employers Are Hiking Pay Faster
California’s largest businesses will be required to pay workers a minimum of $15 an hour in January. It’s a milestone fast-food workers have been trying to achieve since 2012. But anti-poverty activists aren’t satisfied. Citing the state’s high cost of living and rising inflation, they are pushing for more. Activist and investor Joe Sanberg is financing the attempt to gather enough signatures in California to get a ballot initiative in front of voters for the November election. Sanberg, who has talked about potentially running for president, wants the state’s minimum wage to hit $18 an hour for all businesses by 2026.
America Runs On Bad Jobs
The pandemic has been a wake-up call for America’s job market. After decades of relying on low-paying services jobs that come with few benefits, the coronavirus has made clear the nation needs to take care of its workers. Hazard pay, paid sick leave, remote working options have all became hotly debated topics during the first wave of the pandemic. Companies like Amazon (AMZN), which also owns Whole Foods, grocery store chains Kroger (KR) or Albertsons temporarily provided hazard pay for their workers, for example.
Good-bye, Goldman Sachs Getting A Job There Was A Dream—The Pandemic Changed My Perspective
When you get off the underground train and get on the escalator, do you walk or stand?” It was November 6, 2018, the day of my final interview for a job as an analyst at Goldman Sachs. I had made it through eight prior interviews in eight days while continuing to work full-time at another firm. I was 24. Now, one last interviewer sat opposite me, staring in silence as I squirmed in my chair and tried to guess what the right answer was.
The Happy At Work Podcast S1E3 - A Conversation with Zak Brown, CEO of McLaren Racing
In this episode, we talk with Zak Brown, CEO of McLaren Racing about the importance of building strong teams.