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Business Employment

All articles tagged with #business employment

business-employment1 year ago

"Small Business Hiring Hunger Persists Despite Worker Pay Preferences"

Small and midsize businesses are eager to hire, but many jobseekers are opting for higher pay at larger companies, leading to challenges in filling positions. While private employers added 184,000 workers in March, smaller companies with workforces ranging between 20 and 49 shed 11,000 positions. The ability to offer competitive pay is a factor, with many workers seeing their wages rise faster than inflation. Small businesses face challenges in recruiting qualified candidates and are further constrained by higher borrowing costs. Despite the competition for talent and uncertainties around interest rates, experts expect a healthy labor market in the first half of the year.

via NBC News|
#business-employment#economic-growth#job-market
business-employment1 year ago

"The Hidden Risks of Remote Work: Job Security and Promotion Opportunities at Stake"

As companies regain power, remote workers face increased risk of layoffs due to "proximity bias" and decreased visibility. Research suggests that working from home may impact promotion rates and task assignments. While the remote-work phenomenon mainly applies to white-collar workers, the debate around working from home remains heated. The data on productivity and working from home is varied, and the future of work is still in flux. Workers may need to proactively ensure they remain top of mind to mitigate the risk of layoffs.

via Business Insider|
#business-employment#employee-employer-relations#job-security
business-employment1 year ago

"Rising Layoffs: Big Tech's Job Cuts Amid Booming Economy"

Big Tech and media companies in the United States are continuing to announce job cuts, with Amazon, Google, Microsoft, Salesforce, and other firms laying off employees as they grapple with economic uncertainty. The job cuts range from less than 5% of the workforce to as much as 35%, affecting various divisions such as streaming, advertising, and hardware teams. The layoffs also extend to media companies like Sky, Business Insider, and the Los Angeles Times, with plans to cut around 1,000 jobs, 8% of staff, and 94 journalists, respectively.

via Reuters|
#big-tech#business-employment#economy
business-employment2 years ago

"The Short-Sighted Impact of Mass Layoffs on Middle Managers"

Mass layoffs at US companies are hitting middle managers hard, despite their essential role in people management and organizational structure. While cutting these positions may provide short-term cost savings and a flatter organizational structure, it often leads to brain drain, lack of experienced leadership, and decreased employee engagement. This short-sighted approach can ultimately backfire, as companies struggle to meet business goals and retain talented employees, highlighting the importance of valuing and retaining middle managers for long-term success.

via BBC.com|
#business-employment#business-strategy#employee-engagement