Employers Should Embrace the Allure of Summer, Not Fight It While possibly more noticeable in four season cities, summer longings can defy geographical zones to the same extent that Congress generally seems to flout basic math. Although the era of school holidays ended long before the student loan payments ever did, nostalgia reigns when the weather warms in early June. There’s a mental countdown to the long-gone summer breaks of our youth. And come August, the realization that Fall is but a few weekends away can heighten awareness of missed and fleeting opportunities to enjoy valuable outdo... view article details
Amazon recently announced an ambitious plan to offer on-site health care to its employees. The tech giant will open a pilot clinic in its Seattle headquarters later this year and begin expanding the services to more employees in 2019. Like other companies, Amazon wants to address the rising costs of emergency room visits, which are the most frequently used type of outpatient service. In January, Amazon announced a joint venture with Berkshire Hathaway and J.P. Morgan Chase to work towards cheaper, higher quality health care. The CEO of the venture – Dr. Atul Gawande – is specifically focused ... view article details
The young people of America are taking jobs they don't want, moving back in with their parents, and delaying marriage and children as they struggle with a still-uncertain economy, according to survey results released recently by the Pew Research Center. And yet, despite the economy's ill effects, young adults remain optimistic about their financial future, the report concluded. In 2011, young people had a harder time finding work than any other age group. While the overall unemployment rate last year was 8.8 percent, young adults from age 18 to 24 had a jobless rate of 16.3 percent, according ... view article details
When Timothy Cook was named CEO of Apple in August 2011, he got more than just a promotion: He was awarded 1 million shares of Apple stock, valued at $376 million. And a few months later, the company decided to raise his base pay from $900,000 to $1.4 million. All told, Cook’s 2011 compensation package was valued at $378 million, according to documents filed with the Securities Exchange Commission last week.Commentators were quick to draw a contrast between Cook’s pay package and that of his predecessor, the late Steve Jobs, who famously received compensation of just $1 per year. But executive... view article details
Apple is Swimming in Cash Late last month, Apple announced it has a mind-boggling $110 billion in cash reserves. Over at The Atlantic, a blogger decided to make sense of this information by translating the abstract sum into a concrete visual.Apple's cash reserves, it turns out, could fill 50 Olympic-sized swimming pools with $1 bills. I decided to take this logic a step further and look at how much space other sums of money would occupy. How much space would the average American household need to store its annual income? How many briefcases full of bills are needed to pay for a colleg... view article details
Forbes has published their list of the world’s highest paid athletes. The list consists of 100 athletes from all over the world, ranging in all different sports such as: boxing, soccer, mixed martial arts, basketball, tennis, football, auto-racing, golf, baseball, track, and cricket. It's notable that there are no women on the list this year – shining an even brighter light on the massive gender pay gap in the world of global sports that has plagued this industry for decades. Although the gap has narrowed as of late, and more and more sports than ever before are rewarding both men and women eq... view article details
Doing More With Less Many Americans work more than one job – either because they want to or because they have to make ends meet. But when we asked more than 800 people if they worked multiple jobs, we meant something a little different.As part of our ongoing effort to keep our finger on the pulse of the mindset of American workers, we wanted to determine if employees are being asked to do more these days. With most companies still recovering from the recession and subsequent layoffs, the workers who survived were asked to do more than ever. And even though hiring has improved in many ... view article details
Have you been to a trade association event lately? Suddenly heard from an old college buddy? With so many people between jobs these days, it's no surprise that everyone seems to be brushing up on their networking skills. The economy may not be booming, but the network certainly is. Friends who didn't return telephone calls a year ago are suddenly easier to get ahold of. After having been started-up then shut down, dot-commed (or dot-conned), un-vested, repositioned, downsized, made redundant, or laid flat by layoffs, it's no wonder people are 'doing lunch' again. Even if you still love your ol... view article details
Dear Annette,Call me old-fashioned, but I can't get used to conference calls. I miss in-person meetings, especially with clients or vendors. Now that I'm self-employed, the lack of in-person time is even worse. Do you have any suggestions for making conference calls seem more true-to-life? TelephobicDear Telephobic,Preparing for meetings outside the office has got to be one of the most fabulous parts of the business regime. In the morning, you get to choose your clothes and preen as if you're going on a date. Often you get to take your own car and get reimbursed for an impressively large parki... view article details
When I talk with chief-chiefs of major-major corporations about joining my extremely expensive Partners in Fabulousness program, I know they will have just one question: How could we live without you?It would take more than generally accepted accounting principles to detract from my flair for making each individual corporate officer believe that of all the stars in my firmament, he or she shines the brightest. I just wear my Cazal sunglasses to the meeting so my prospective clients can admire themselves in the reflection, and before long even the most curmudgeonly executive is signing the cont... view article details