The Fed wants to know if the U.S. labor market has made “substantial further progress.”
Aug 30, 2021 - Economy & BusinessRemote work — accelerated by the pandemic — has made it easier for companies to seek out less expensive regions
Jan 19, 2021 - Economy & BusinessSome lost jobs will never come back.
Jun 23, 2020 - Economy & BusinessAnd working parents could hugely benefit.
Jun 16, 2020 - Economy & BusinessSay goodbye to snack jars and office gyms.
Jun 16, 2020 - Economy & BusinessMillions of businesses might not survive — and many of the tens of millions of jobs they support could evaporate.
May 23, 2020 - Economy & BusinessA government watchdog will review whether the financial market trading activity of two top economic officials at the Fed violated the central bank’s rules or the law, a Fed spokesperson said on Monday.
Why it matters: It’s the latest fallout from a rare public scandal at one of the world’s most influential economic bodies — one that's led to rapid resignations, raised questions about conflicts of interest and drawn ire from lawmakers.
If you want to get Chicago workers back in the office for a big meeting, you'd do well to schedule it on Thursday and lay out a spread of free food, according to data gathered by a leading workplace management software company.
Why it matters: Many employers in Chicago and across the nation had their autumn return-to-work plans scuttled by the Delta variant. Now, companies that still want to schedule important in-person meetings have to get workers on board first.
Job postings requiring employees to get vaccinated before applying are on the rise, and more and more firms say they'll terminate existing employees who refuse to get the jab.
Why it matters: Corporate America is playing a key role in upping the U.S. vaccination rate. It'll get harder for those who are hesitant to avoid the shot as vaccination status becomes increasingly linked to livelihood.
A North Carolina-based hospital system has fired roughly 175 unvaccinated employees for failing to comply with its vaccine mandate.
Why it matters: It's one of the largest-ever cases of mass terminations spurred by a vaccine requirement. Over 99% of its 35,000 employees have adhered to the mandate, according to Novant director of media and influencer relations Megan Rivers.
Hard workplace reality: The heightened pandemic-era surveillance that workers thought was temporary is showing signs of longevity.
Why it matters: The pandemic popularized surveillance and data collection as America's workforce rapidly pivoted to remote work.
The role of charting the future of work and workplaces is no longer just the purview of the chief executive officer or the chief technology officer — it's also front-and-center for the chief people officer.
Why it matters: The human resources department is vaulting in importance as companies grapple with return-to-work plans and the war for talent is won on corporate values and culture.
Half of U.S. Latinos feel their workplace does not have a nurturing environment for diverse professionals, even as a majority think their office leaders do consider inclusion to be important, per a poll carried out by YouGov and LinkedIn.
By the numbers: The survey found that 37% of Latino professionals said they are considering leaving their jobs because of lack of recognition, of opportunities and of leaders with shared experiences who can offer mentorship.
Illustration: Shoshana Gordon/Axios
Companies are narrowing the blue- and white-collar experience as they're forced to adapt to a worker-led market.
Driving the news: Basic office tools and concepts like corporate communications and schedule flexibility are migrating to frontline operations through investments in technology.
Illustration: Annelise Capossela/Axios
The average American's workweek has gotten 10% longer during the pandemic, according to a new Microsoft study published in Nature Human Behaviour.
Why it matters: These longer hours are a key part of the pandemic-induced crisis of burnout at U.S. firms — and workers are quitting in droves.
Illustration: Annelise Capossela/Axios
Income-sharing agreements (ISAs) were hatched more than 60 years ago by Milton Friedman, but the financing instrument is still trying to establish its legitimacy.
Why it matters: ISAs, which let borrowers get cash upfront and repay it later via a portion of their future earnings, have been hailed as a solution to the college debt crisis.