SUCCESS
Why More Women Should Consider A Job In The Skilled Trades
When you think of people in the skilled trades, such as construction workers, carpenters, electricians, welders and plumbers, you generally think of men. However, things are starting to change, and pursuing a career in the trades is becoming more viable for women.
Women’s labor participation in the skilled trades reached its highest level ever in 2021 (314,000), increasing by almost one-third in five years, according to the United States Department of Labor. The number of female apprentices more than doubled from 2014 to 2022, comprising 14% of total apprentices in the U.S. compared to 9.4% in 2014.
These in-demand jobs offer high wages, attractive benefits, including pension plans, and opportunities for advancement. The construction industry poses one of the labor force’s smallest gender pay gaps, as union representation provides standard salary packages.
Latest Developments In The Job Market, Tech And The U.S. Economy
Goldman Sachs Is Making Managers Take A Training Focused On Employee Mental Health
Goldman Sachs unveiled a new mandatory program: All employees and managers with the title of vice president or higher must complete a virtual mental health training.
Developed from previous in-person training, the course takes around 25 minutes to complete, and teaches managers how to identify concerning behaviors, appearances, or attitudes in employees—such as sudden spikes in absenteeism, rude conduct or changes in dress or hygiene—and how to respond to them. During the training, managers also practice responding to different workplace scenarios, such as helping employees navigate bereavement leave or anxiety over global conflicts.
Mental health has become one of the top issues that employers must tackle, and companies have started pursuing various strategies to promote well-being among employees, including on-site therapy, extended time off policies and volunteering opportunities.
Fewer Workers Are Quitting Their Jobs
The quit rate—the percentage of U.S. workers who voluntarily leave their jobs—was 2.1% in January, according to the Bureau of Labor Statistics’ (BLS) latest Job Openings and Labor Turnover Summary (JOLTS). This was the lowest level since August 2020.
Roughly 60 NFL Employees Accept Voluntary Buyout
At a time when the league keeps generating more and more revenue, it’s cutting more and more costs. According to Sports Business Journal, roughly 60 of 200 eligible NFL employees have accepted a voluntary buyout.
Many of those accepting the offer of three weeks’ pay for every year of service worked at NFL Films, per the report. Another concentration of acceptances came from the NFL’s finance group.
The next step, if the league still believes payroll expenses need to be cut, will be to identify employees for involuntary termination.
TikTok Owner ByteDance Offers To Buy Back Shares From Employees
ByteDance, China’s most valuable unicorn and the owner of TikTok, has started a new round of share buy-backs for its global employees that price the equity higher than the previous round, according to two people familiar with the matter.
The Beijing-based company has offered to purchase shares from staff at US$170.81 each, up nearly 7 per cent from US$160 late last year. For former employees, the buy-back rate is US$145.19, around 13 per cent higher than US$128 in the previous round.
Google Employee Charged With Stealing AI Trade Secrets
A Google employee was charged Tuesday with stealing artificial intelligence trade secrets from the tech giant while secretly working with two Chinese-based companies in the AI industry.
Linwei Ding, who also goes by Leon Ding, is charged with four counts of theft of trade secrets. If convicted, he faces up to 10 years in prison for each count.
Ding, a 38-year-old Chinese national who lives in California, is accused of copying more than 500 files with confidential information from Google into his own personal account over the course of one year, beginning in 2022. The files included technology involved in the building blocks of Google’s advanced supercomputing data centers, prosecutors say.
How To Get A Job In Tough Times: All The Advice You Need To Succeed From A Top Executive Recruiter
There’s an old saying, “Tough times make tough people.” In this book, Jack Kelly will help guide you every step of the way in your job search to ensure that you stay strong, resilient and positive, and get that great, new job.
