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Surge in Remote Work Fuels Cross-Metro Employment Boom

Allwork

Notably, ADP found that cross metro workers who kept their jobs but moved to a cheaper city in 2022 and 2023 experienced a 2.8% As these cities become increasingly expensive, they are left with a workforce of highly paid decision-makers, while other workers face economic challenges.

Payroll 264
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Unveiling the Hidden Potentials of Remote Work Productivity

Allwork

By spring 2022, this figure rose to 9%. Companies offering remote work options can also save on cost-of-living expenses by hiring talent in more affordable regions, both domestically and internationally. By spring 2022, this figure rose to 9%, as businesses became adept at remote work practices and invested in supporting technology.

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Twilio cuts 17% of its workforce

Allwork

This new development comes less than a year after the tech giant conducted its first round of job cuts in September 2022, where 11% of its staff were let go. “We have to spend less, streamline, and become more efficient. To do that, we’re forming two business units: Twilio Communications and Twilio Data & Applications.

Medical 243
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4 Ways To Financially Support Your Employees (Other Than Raises)

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Employee financial stability dropped almost 10 percentage points in 2022; more than half of the country’s workers are living paycheck to paycheck. Here are some actionable tips that employers can take to help their employees prepare for economic downturns and unexpected expenses. But what constitutes “economically safe?”

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Dear Debbie: Why Do I Downplay My Hard-Earned Success in Social Settings?

Success

I didn’t mind that random strangers often assumed my husband was our primary earner, despite me having doubled his salary in real estate sales alone. I gave—money, time, career choices, energy, you name it—to ­others at the expense of myself. This article originally appeared in the November/December 2022 issue of SUCCESS magazine.

Gifts 299
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3 Financial Tips to Consider Before Pursuing Your Passion Full Time

Success

By 2020, we’d both become full-time entrepreneurs and today, we’re well on track to fully replace our old job salaries by 2022 if not sooner. The general rule of thumb is to have three to six months of your living expenses set aside in a savings account for emergencies. Have considerable cash on hand.

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Lessons From Past Recessions

Success

As of August 2022, the economy has already seen two months of negative GDP growth, but the National Bureau of Economic Research (NBER) hasn’t officially declared one yet. What are my basic monthly living expenses (including food, shelter, health insurance, utilities, phone, transportation and childcare)? Beef up your emergency fund.