Thu.Oct 17, 2024

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The Heroes of Hurricanes Milton and Helene

Success

Mister Rogers (and his mom!) reminded generations to “look for the helpers” amidst difficult or trying times. In the wake of not one but two devastating hurricanes along the East and Florida coasts the past month, the helpers are rich in numbers. While we certainly never want to downplay the more than 250 deaths ( 251 to Helene and currently 24 to Milton ), we recognize that good people can be found amongst the rubble and destruction.

2016 264
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Manager Stress Is Putting Teams at Risk — Addressing Burnout Is Urgent

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Nearly half of U.S. middle managers are experiencing burnout, posing challenges not only for themselves but also significantly impacting their teams’ productivity and engagement levels. About 30% of employees report that their bosses are often too stressed to provide adequate support, particularly pronounced in high-pressure industries like oil, gas, retail, and construction.

Stress 277
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Instagram Debuts New Digital Business Card Feature

Success

Instagram has recently introduced a suite of updates aimed at transforming user interactions on the platform. Alongside its enhanced privacy features and other in-app improvements, the social media giant has now launched a brand-new digital profile card, providing a fresh and streamlined way for users to make connections, share their lives and improve the reach of their personal brand.

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Big Boost For Retirement As New 2025 Rules Allow Over-50s To Save More In 401(k) Plans

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If you’re over 50 and looking to bolster your retirement savings, significant changes are coming in 2025 that you should be aware of. Under the 2022 Secure Act 2.0, the catch-up contribution limits for 401(k) plans are set to increase, potentially making it easier for older workers to save more, according to CNBC. Currently, employees can defer up to $23,000 into 401(k) plans for 2024, with an additional $7,500 for those aged 50 and older.

2025 252
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Best Practices to Streamline Compensation Management: A Foundation for Growth

Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.

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How to Land and Retain Your First Customers as a Startup

Success

Taking the first step toward anything is always the hardest, and the same can be said for startups securing their first customers. Even if you have the most ingenious, groundbreaking idea, you don’t have a company until you have people willing to pay for your product or service. Business management expert Amanda Webster knows a thing or two about helping startups as COO at Fund & Grow, a national lending program that connects entrepreneurs with funding.

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Chinese Finance Professionals Shift Careers As Regulations Dim Opportunities

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Disillusioned Chinese bankers and fund managers are giving up careers in a finance sector where government campaigns and regulation have colored prospects to the extent that areas as varied as education and even stand-up comedy seem preferable. Tightening scrutiny of trading, financing and deal making as well as a slump in stock turnover in a sluggish economy has dried up private equity and venture capital and decimated the market for stock market listings, bringing pay and job cuts.

Finance 248

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Female Representation In U.K. Executive Roles Backslides, Dips To 32%

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The number of women who hold executive reins in corporate Britain has fallen for the first time in eight years in an “unacceptable” reversal that could delay gender parity for another five generations, a consultancy said on Thursday. The Pipeline, which analyzes gender diversity at senior corporate levels, said the average proportion of women on executive committees at Britain’s 350 biggest, listed companies slipped to 32% in 2024 from a revised 33% last year.

2024 238
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McKinsey Cuts 500 Jobs And Revamps China Business Over Security Concerns

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U.S.-based consulting firm McKinsey is revamping its China business after reducing its government-linked clients and cutting about 500 jobs, which is around a third of its China workforce, the Wall Street Journal reported on Wednesday. The company has been separating the China unit from its global operations to reduce security risks with doing business in the country, the report said, citing people familiar with the matter.

2023 223
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U.S. Unemployment Claims Fall Beyond Expectations

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The number of Americans filing new applications for unemployment unexpectedly fell last week, but could remain elevated in the near-term amid the effects of Hurricanes Helene and Milton, obscuring the labor market picture. Initial claims for state unemployment benefits dropped 19,000 last week to a seasonally adjusted 241,000 for the week ended Oct. 12, the Labor Department said on Thursday.

Payroll 147