When workers at Boeing went on strike in September, it was just one of many serious problems the company faced in 2024. Starting in January, a door plug tore off of one of its planes at 16,000 feet, leaving a massive hole and causing an emergency landing. As a result, Boeing pled guilty to criminal fraud charges and must allow federal monitors to oversee future plane construction. At the same time, airlines around the world are impatiently waiting for Continue reading
Working from home became commonplace during the pandemic as companies increasingly kept in contact with employees through platforms like Slack, Zoom, and Microsoft Teams. As offices opened back up, though, managers started requiring workers to come in at least a few times per week. According to a recent study from the Labor Department, 72.5 percent of American businesses reported that their employees rarely or never work remotely, close to the level of 76.7 percent that preceded the pandemic.
The Continue reading
Earlier this year, we looked at how the Federal Trade Commission (FTC) proposed a ban on noncompete clauses in employer contracts, which restrict the jobs that former staffers can take once they leave a company. Another controversial clause that some businesses place into contracts prevents ex-employees from talking bad about their old jobs if they accept a severance agreement. Labor advocates have long criticized nondisparagement clauses for infringing on the rights of workers, a point that the National Labor Review Continue reading
Although the collapse of SVB and the resulting economic fallout has rattled global markets, many companies are hoping to restore faith among investors by showing signs of growth. The clearest sign of a growing business is one that is hiring people, after all, leading some firms to place job listings with no intention of actually bringing anyone on board. In fact, a recent survey of 1,000 hiring managers found that 27 percent of respondents reported leaving job listings up for Continue reading
People around the world celebrate International Women’s Day every March 8th, paying tribute to the achievements of women while also campaigning for greater gender equality. While issues like equal pay and opportunity for women have certainly received a lot of attention in recent years, companies still have a long way to go before they reach total parity. To make matters worse, economists say that women are disproportionately feeling the effects of the cost of living crisis brought on by rising Continue reading
For the last few weeks, chatbots powered by artificial intelligence have made waves on social media as users talk with these automated conversation partners. The bot ChatGPT, for instance, can provide reasonable answers to questions posed by users regardless of their spelling or grammar. These responses are delivered in natural-sounding sentences that do not require scripting, a significant improvement on clunky chatbots of the past. As a result, many big companies are looking to get in on the ground floor Continue reading
Onboarding employees can be one of the most expensive items on a company’s balance sheet as firms spend big money hiring and training new staffers. Of course, this costly process has no guarantee of success: people hired yesterday can leave tomorrow as quickly as they arrived. To offset the costs of rapid turnover, some companies are inserting controversial clauses into employment contracts that require staffers to repay training fees if they quit. For example, Kate Fredericks signed such an agreement Continue reading
For years, many major companies have depended on noncompete clauses to hang on to their most talented employees. These binding agreements prohibit individuals from taking jobs at similar firms or from striking out on their own for a specified period of time. Companies claim that they insert noncompete clauses into employee contracts in order to ensure the safety of trade secrets and other confidential data like consumer lists or contact information. According to a recent proposal from the Federal Trade Continue reading