With companies spending more than ever on artificial intelligence, they are also tracking how employees use AI in unprecedented detail. Yet many CEOs hope, but still can’t tell, if it’s making workers more productive. More than two-thirds of enterprises still rely on estimates, like time saved or projected cost reductions, rather than measured financial results…
As healthcare costs soar, it’s not only individual Americans feeling the financial pain and looking to make trade-offs. Employers are scouring for ways to cut back and generous paid parental leave is among the employee benefits on the chopping block. Zoom Communications announced tweaks to its parental leave policy to bring the benefit more in…
Gatot Adriansyah | Istock | Getty Images As artificial intelligence restructures the workforce and reduces the number of entry-level opportunities, an alternative is emerging for recent college grads struggling to find jobs: going back to school. Nearly 78% of those who are considering graduate school said they plan to enroll in a program within 12 months, according…
A “Help Wanted” sign hangs in restaurant window in Medford, Massachusetts, U.S., January 25, 2023. Brian Snyder | Reuters Nonfarm payrolls are expected to bounce back — barely — in March as the bar keeps getting lower for what constitutes a healthy labor market. The U.S. economy is projected to show job gains of 59,000…
Pets are part of the caregiving process and employers are taking notice. As companies expand benefits to cover a wide variety of employee caregiving needs, back-up care for pets is becoming a more popular work perk along with back-up care for children and aging parents. Back-up care is short-term, often employer-subsidized support that is used…
The AI era is massively reshaping the workforce. As companies deal with a tight labor market, they’re looking to enhance productivity with technology. At the same time, workers are looking to boost their skills so that they too can evolve alongside their companies, not only ensuring they keep their jobs but advance in their careers….
When the gavel came down in December, Christie’s had set a record that created a buzz in the auction world. A Tiffany & Co. necklace adorned with a sparkling blue Paraiba tourmaline gem and diamonds sold for more than $4.2 million, 10 times its low estimate. A matching pair of earrings hit the block next,…
Demand for new AI data centers is surging, but they can’t build themselves. Big Tech is funneling billions into building out these specialized facilities, with the four hyperscalers, Alphabet, Microsoft, Meta, and Amazon, committing nearly $700 billion in combined capex spending this year to fund these developments. Amazon said last month that it’s committing $12…
Mounting evidence points to opportunities in the skilled trades. And yet, these jobs remain largely a man’s world. Despite higher salaries and increasingly valuable long-term employment prospects in the face of an artificial intelligence-driven white-collar jobs revolution, women remain significantly underrepresented in the skilled trades, research shows. They make up just a fraction of the workforce in…
James Vandall, 25, said his interest in becoming an electrician first sparked, so to say, when workers were recently redoing the wiring on the third floor of his home. “I asked them how I could go about getting into that trade,” he said. Part of the appeal, he said, was working with his hands. “Initially,…
