A panel of three judges in New York appeals court will take on the question of unpaid internships on Friday, in hopes of setting a standard for when employers must pay interns, and when companies can hire unpaid labor or offer college credit.
Companies that rely on freelance labor describe their workers as micro-entrepreneurs. But lawsuits, protests and forums suggest that many flexible laborers feel less enthusiastic about the new work model.
CFTC Commissioner J. Christopher Giancarlo is urging the introduction of examinations for swaps traders and brokers, in the latest effort to overhaul opaque derivatives markets that have drawn criticism since the financial crisis.
Skip a handshake, don’t spray a colleague’s desk and other rules for getting through winter at work.
The Outlook: Higher minimum-wage supporters in the U.S. often point to Australia as a low-unemployment country with one of the world’s highest pay floors. Now, joblessness in Australia is rising, and some are calling for a decadelong slowdown in increases to the minimum wage.
Uber aimed to bolster its image as a positive economic force for cities and a responsible employer by releasing a study on the 160,000 drivers who work under contract for the company in the U.S.
Need to vent about the boss? Now, there’s an app for that.
Prominent businesspeople and educators are looking for ways to teach students to be more entrepreneurial.
As the competition for critical talent in the U.S. intensifies, organizations must better understand the supply and demand for critical workforce segments. Companies must begin to identify the skills in their organization that will help drive future growth. "With the relative aging of the population, it is bound to bring with it many changes to the economy of the U.S.-some foreseeable, many probably not," according to Alan Greenspan, Chairman of the Federal Reserve emeritus.
Today, the average cost to replace an employee is one and a half times their current salary when you factor in benefits, on-boarding and training and development. That cost is expected to double in the next 25 years. According to the Bureau of Labor Statistics, by 2012 there will not be enough skilled workers in the U.S. to staff all of the nation's jobs.
The real talent gap in the United States involves selected skill sets. Four industries in particular will suffer a mass exodus of employees including: Healthcare, Manufacturing, Energy and the Public Sector. With a decrease in the employee workforce, companies are challenged with the question of whether or not there will be enough qualified workers in the United States to do the work at an acceptable cost. Organizations must be prepared to manage divisions or business units that will be heavily impacted by waves of retirement and the impact retirement will have on critical skill sets and productivity needs.
- The Bureau of Labor Statistics
- Deloitte research 2008-Do you know where your talent is?
- HR Magazine Vol. 50, No. 3