Tag Archives: workers

There is a story developing in the labor market, which has marked a significant shift in who is participating amid the ongoing pandemic.  Among the many stories are resignations, for various reasons, and the struggle to fill more labor-intensive jobs. It has resulted in an unprecedented demand for more highly-skilled, remote jobs, and those willing to work in lower-wage jobs are being paid significantly more than those who previously held the positions. ZipRecruiter chief economist Julia… Source link

Inflation reached a three-decade high in October as some workers saw their wages rise, particularly younger workers. According to the Atlanta Fed’s Wage Growth Tracker, a measure of the nominal wage growth of individuals, workers in the 16-to-24 age range are seeing median wage growth accelerate much quicker than the rest of American workers, as seen below in the green line. As of September 2021, the overall 12-month moving average of median wage growth increased by 3.6%. Those in the 25-to-54… Source link

On Thursday, senior Biden administration officials announced details of a highly anticipated mandate requiring U.S. employers with 100 or more workers to ensure employees are either fully vaccinated for COVID-19 or tested each week for the virus. The officials also unveiled details of a separate mandate that will require employers participating in Medicare or Medicaid to have a fully vaccinated workforce, with no testing alternative. The first rule covers 84 million U.S. workers, or two-thirds… Source link

Jeff Bezos, Amazon’s founder. Alex Wong/Getty Images An Amazon worker on leave emailed Jeff Bezos to say she’d been underpaid, The New York Times said. A subsequent investigation found that Amazon was systematically underpaying some workers on leave. A spokesperson told The Times that Amazon was still identifying underpaid workers. An email sent to Jeff Bezos from an Amazon worker who was on leave triggered an internal investigation that exposed flaws with the company’s payroll system, The New… Source link

Amazon (AMZN) aims to hire 150,000 seasonal employees ahead of the busiest time of year for retailers. The e-commerce giant is offering lucrative incentives to lure talent amid a supply chain crunch and tight labor market. The average salary for seasonal jobs start at $18 per hour along with sign-on bonuses up to $3,000. Despite lucrative incentives, the question is whether Amazon and other giant retailers can convince enough people to work for them amid a red hot labor market.  Competition… Source link

Zscaler founder and CEO Jay Chaudhry tells Yahoo Finance Live he has been able to hire one-third of his company’s 3,153 workers during the super competitive environment for talent this past year.   How is he doing it at the nearly $40 billion market cap cloud security company? The power of the mighty stock option. “It’s higher compensation than it was a year ago. But what attracts employees at Zscaler is also equity. We have done well as a company. Our stock has done well. So employees they… Source link

More than a year and a half into the pandemic, the mental health of workers nationwide is deteriorating at an alarming rate. Nearly 80% of workers are worried about their mental health, and those concerns are nearly double that of physical health, according to a recent Conference Board survey of 1,800 U.S. workers. “In April, we were much more optimistic that there would be a return to the new normal or the next normal. I think we’ve found that that’s not really happening and it has had an… Source link

Target (TGT) has devised a novel way to partially get around the looming (and likely severe) retail worker shortage for this year’s all-important holiday shopping season.  Invest even more in the retailer’s current workforce. Target said Thursday it will hire fewer workers this holiday season. But, it will provide 5 million more hours to its existing workforce at a total cost of $75 million. The company said it would have store leaders “check in” with existing workers to understand their… Source link

New COVID stimulus checks are on the way for some US workers After a long year and a half, many Americans are hopeful that the worst economic pain from the pandemic is behind them. But some of the hardest hit workers with jobs that are considered essential are still reeling. Many of them had to dip into their own funds to pay for protective equipment or child care. Now, to assist with those expenses, the government intends to offer financial relief through what are essentially targeted… Source link

Google employees and subcontracted workers are demanding that the company pay back wages to temporary workers, following a Guardian report that revealed Google had knowingly and illegally underpaid thousands of temps for years. More than 140 workers have signed a petition addressed to Google executives calling on the company to “immediately pay back all Temps, Vendors and Contractors (TVCs) who have been knowingly underpaid by Google” and to “create an immediate path to permanent… Source link