In 2007 members of the Writers Guild of America (WGA) went on strike for 100 days, bringing much of the entertainment industry to a halt. The action left tens of thousands of workers idled and reportedly cost the Los Angeles economy $2 billion. The writers eventually reached a deal with Hollywood studios and ended a dire situation that neither side wanted to see happen again.
Ten years later, though, these two groups found themselves at yet another stalemate during Continue reading
The 2010 Dodd-Frank financial reform act stands as one of the most complicated pieces of legislation ever devised. The law includes more than 22,000 pages of rules, which is equivalent to about 15 copies of Tolstoy’s epic novel War and Peace. These guidelines tell banks how much money they must set aside, how they can advertise, what sort of investments they can make, and many other stipulations and requirements.
As you can imagine, keeping track of all those regulations Continue reading
For years tech giants like Facebook and Google have tried to set up shop in China only to see their efforts blocked by the country’s restrictive government. In place of these global brands, domestic companies like the search engine Baidu and the social network Weibo have flourished among China’s enormous Internet community. And in an ironic twist, this growing tech sector owes much of its success to the structure and culture of Silicon Valley’s biggest names.
Many Chinese companies are Continue reading
In the 1980s IBM was one of the first companies to make remote work a priority for its employees. Starting with “remote terminals” installed in staffers’ houses, by 2009 40 percent of the tech company’s 386,000 employees worked from home. In the process, IBM reduced office space by 78 million square feet and started saving $100 million in annual costs. Other companies took IBM’s lead and began to follow the remote trend as well. In fact, 25 percent of American Continue reading
From factory floors to Wall Street financial firms, robotic labor is becoming an increasingly important part of production for many companies. And according to the head of Yum Brands, fast food could be the next industry to adopt automation on a wide scale. This week CEO Greg Creed said that robots could start replacing humans at Yum-owned chains like Pizza Hut and Taco Bell by the mid-2020s.
Other fast food companies have already begun to experiment with automation. Wendy’s, for Continue reading
Over the years, Silicon Valley startups have become famous for developing open work spaces free of personalized desks or big corner offices. The idea is to allow employees to gather together and collaborate rather than leave them enclosed in their cubicles. While other companies avoided this unconventional approach at first, more firms have switched to open offices as the concept has become more popular. Still, these companies have tended to be smaller operations as many big businesses remained skeptical that Continue reading
Three years ago, the staff of the Swedish software consulting firm Crisp felt it was time for a change in leadership. The company had been recently experimenting with its upper management structure, going from a standard CEO model to one that replaced the top executive annually through a staff vote. Then, a radical idea took root in the minds of Crisp’s employees. “We said, ‘what if we had nobody as our next CEO – what would that look like?’” said Continue reading
In recent years, many companies have sought to create work environments that place a heavy emphasis on collaboration. With flattened hierarchies and open door policies, these workplaces give employees easy access to managers and other top performers. The system is meant to improve office efficiency by allowing staffers to receive unique advice that makes their jobs easier.
But while regular employees can have their workloads lightened, managers quickly become overwhelmed by overly collaborative workplaces. After all, executives who spend much Continue reading
To people familiar with sunny Silicon Valley, Finland may seem like a questionable tech hub. But thanks to the telecommunications giant Nokia, for years the snowy Scandinavian nation served as one of the central destinations in Europe for tech workers. Once Nokia began to collapse, however, the fortunes of many Finnish engineers declined as well.
These formerly prominent staffers then signed up for unemployment benefits in the hopes that the tech industry would turn around. When jobs largely failed to Continue reading
For many corporate executives, non-compete agreements are just a part of doing business. Since companies want to hang on to top talent as long as possible, they often insert clauses in contracts that prevent employees from joining competitors for a certain amount of time. While this limits a staffer’s options when looking for a new job, their high-level status usually provides them with plenty of alternative choices.
That’s not quite the case for sandwich makers, however. While non-compete clauses are Continue reading