Share to Twitter Share to Linkedin Even though Amazon, Disney, Apple, and now potentially Meta are forcing employees to return to office, a recent survey conducted by IWG reveals why hybrid work will win over the return to office. The survey assessed the views and preferences of 1,015 full-time hybrid workers in the U.S. in February 2023. As a global future of work expert who helped 22 companies transition to hybrid and remote work, their data aligns with internal survey results I saw inside my clients. That’s why the return to a traditional office schedule of M-F 9-5 will not be successful, and non-frontline employees will be largely hybrid in the medium and long term. The Value of Hybrid Work: Willing to Sacrifice Salary The survey found that 67% of respondents would be willing to give up some amount of salary to maintain their hybrid work arrangement, with an average amount of $13,000. This underscores the importance of hybrid work to employees, … [Read more...] about Study Shows Why Hybrid Work Will Triumph Over The Return To Office
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First Republic Stock Slumps Anew on S&P Debt Downgrade
First Republic ( FRC ) shares tumbled anew on Monday after Standard and Poor's cut its credit rating on the troubled lender, even as the broader market stabilized from last week's chaos and UBS Group ( UBS ) absorbed ailing Credit Suisse ( CS ). Key Takeaways S&P downgrades First Republic Bank due to 'liquidity stress' and outflows. Stocks higher despite a rollercoaster start as UBS absorbs rival Swiss bank Credit Suisse. The Federal Reserve announced coordinated action on U.S. dollar liquidity. S&P Says $30 Billion Injection ‘May Not Solve’ Woes First Republic, whose stock fetched more than $100 earlier this month, lost almost a quarter of its market value, extending its slide from last week to about $17 by 1:30 p.m. New York time. The San Francisco-based bank secured a $30bn liquidity commitment from some of the largest U.S. banks last week, including JP Morgan Chase Inc. ( JPM ) and Bank of America ( BAC ). First Republic is also … [Read more...] about First Republic Stock Slumps Anew on S&P Debt Downgrade
GITA: Gold Is The Alternative
Share to Twitter Share to Linkedin For the decade that preceded 2022, the acronym TINA (There Is No Alternative) applied well to stocks . As central banks used every excuse to flood the system with liquidity, yields were driven to zero, and it seemed that the only way to get any return was to buy stocks. Investors gorged on index funds, and passive ETFs overtook actively managed investments. Alas, as central banks realized that inflation, long thought dead, was a real problem, and raised interest rates aggressively, yield curves inverted to historic levels, making short duration Treasury Bills the only safe, viable investment alternative, leading to “TINAC” (There Is No Alternative To Cash). But inverted yield curves are not a stable healthy state of affairs for economies, and as expected, have eventually resulted in financial market breakage which we have been observing for the last two weeks and especially this weekend as Credit Suisse, once my employer, has … [Read more...] about GITA: Gold Is The Alternative
Human Resources And Recruiters Are Getting Axed
Share to Twitter Share to Linkedin A year ago, a study conducted by Workvivo , an employee experience engagement app, highlighted the challenges human resources professionals had to contend with at the time. The study surveyed more than 520 HR professionals in the United States and the U.K. on burnout in the HR department. Ninety-eight percent of HR professionals self-reported that they were experiencing burnout, while 94% said they felt overwhelmed and 88% of respondents said they dreaded work. As a result of workplace transformations, HR navigated in-office, remote and hybrid work styles. They contended with the Great Resignation, sourcing, recruiting, onboarding and retaining workers. The war for talent took its toll, as HR professionals felt undervalued and under-resourced. Human resources professionals are, once again, experiencing stress and anxiety, but this time for a different reason. Instead of being exhausted from all the hiring, HR, … [Read more...] about Human Resources And Recruiters Are Getting Axed
Even A Sagging Economy Won’t Slow America’s Talent Crunch. Here’s How Companies Can Respond.
Share to Twitter Share to Linkedin Tech giants Google, Microsoft, and Amazon rang in the new year by announcing fresh rounds of layoffs — grabbing headlines and leading media giants like CNBC to declare that “the job cuts in tech land are piling up.” But tech land is indeed its own world. In the broader economy, this is the tightest labor market in 30 years. In 2019, there were 7 million job postings and 0.9 available workers per open role. Now, there are 11 million postings and 0.6 available workers per job — and many of the available workers don’t have skills that match the open roles. In Guild’s most recent American Workforce Survey , less than a quarter (22%) of workers said they were very worried about layoffs — with many, many more focused on opportunity, stability, and pathways to promotion. Employers are still having to compete hard for talent, even as economic uncertainty settles in. And this double-bind isn’t going away anytime … [Read more...] about Even A Sagging Economy Won’t Slow America’s Talent Crunch. Here’s How Companies Can Respond.
A Brave New World: ChatGPT’s Potential To Reshape The Financial Services Landscape
Share to Twitter Share to Linkedin The highly anticipated release of GPT-4, the latest iteration of OpenAI's groundbreaking language model, has sent ripples of excitement throughout the banking and fintech industry. As ChatGPT’s capabilities expand, the traditional roles of personal finance management and financial advisors may soon become obsolete, paving the way for a new era of customized and intelligent financial solutions. The latest release of GTP-4 shows how quick ChatGPT is evolving. Industry giants like Microsoft MSFT and fintech firms like Stripe recently announced integrations of ChatGTP-4, while banks like Morgan Stanley Wealth have publicly announced their internal adoption. With its increased ability to deliver empathetic advice, potential for providing personalized insights, and delivery of real-time information, the ChatGTP-4 and beyond is a dream come true for innovators in financial services and technology. Consumer Expectations: … [Read more...] about A Brave New World: ChatGPT’s Potential To Reshape The Financial Services Landscape
From SEO To GEO: What GPT Marketers Need to Know
Share to Twitter Share to Linkedin If you are 25 or younger, chances are high that you never encountered the paper version of Yellow Pages but throughout the 20th century, print directories were among the primary ways for consumers and businesses to connect. Established in 1886, Yellow Pages posted its final print issue in January 2019 closing the chapter on 130 plus history of print directory marketing. In the late 1990s, the new exotic profession of online directory marketing emerged with the rise of Yahoo! and other online directories, and quickly disappeared as the search engines took over. Search engine to be precise, since Google quickly took the lion’s share of the market in the early 2000s. Since then, every business is being bombarded by armies of search engine optimization (SEO) marketers offering to analyze and optimization of your websites, social networks, and all kind of tricks designed to get the business to the top of search results. According … [Read more...] about From SEO To GEO: What GPT Marketers Need to Know