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Category: Salary & Benefits

Pros and Cons of the Uberization of Work

Today, nearly one in five jobs is performed by a part-time independent contractor or freelancer. That's a 60 percent rise versus the number of jobs that part-timers held 15 years ago. This change in how we work has sometimes been referred to as the "gig economy." And recently, it has also been referred to as the "Uberization" of the workplace, named after the ride sharing company Uber, which employs 4,000 full-timers and 156,000 part-timers-that is, only 2. Read More >

Goldman's New No Work After Midnight Policy

Years ago, back when I worked as a freelancer, there was this bar in Lower Manhattan that I frequented due to its notoriously good Sunday night happy hour, which actually began on Monday morning, that is, it began at the stroke of midnight-at 12 a.m. As I recall, this bar would be nearly empty on Sundays until about 11:56 p.m., at which point the place would begin to fill up and, by 12:03 a.m., there wouldn't be an open seat in sight. Read More >

When Is It OK to Cry at Work?

British scientist Tim Hunt  has watched his Nobel prize-winning career go down in flames this past week, after some off-the-cuff remarks he made during a conference in Seoul blew up on social media. The comments: According to a variety of reports, Hunt called for single-sex labs, saying "Let me tell you about my trouble with girls. Three things happen when they are in the lab. You fall in love with them, they fall in love with you, and when you criticize them, they cry. Read More >

Why More Women Aren't CEOs

On July 1, KPMG's Lynne Doughtie will become the first woman to hold both the CEO and chairwoman positions at a Big 4 firm. Doughtie will join Cathy Engelbert, Deloitte's CEO, in the Big 4 C-Suite. And so, come July, half of the Big 4 will be run by women. To be sure, this is a sign of great progress with respect to gender equality in the workplace. Unfortunately, it is also a reminder of just how few women still hold senior roles in U.S. firms. Read More >

Disney’s Disgraceful Tech Layoffs

I get that companies are in the business of making money and one of the ways to make money is to cut costs, but this move by Disney to layoff 250 tech employees in order to replace them with cheaper labor in the form of H-1B visa holders is downright disgraceful. And here's to hoping it will backfire against Walt & Co. … about 250 Disney employees were told in late October that they would be laid off. Read More >

WARNING: Working on Wall Street Kills

In the wake of two recent deaths of young Wall Street bankers, it seems a good time to revisit the subject of punishing hours in investment banking. In case you hadn't heard, earlier this week news spread about a 22-year-old Goldman Sachs analyst who'd fallen to his death in what appears to have been suicide. Read More >

When Should You Quit a Job on Principle?

Let me start this post with an admission: as someone who's fanatical about the beautiful game, I've been doing very little except following the FIFA scandal since it started unfolding last week. So there's really nothing else for me to do at this juncture but find some kind of careers angle to give me an excuse to write about it! Looking at the situation from a careers rather than a sporting integrity lens, there are all kinds of angles that I could take. Read More >

Is Salary Negotiation on the Way Out?

Would you take a job with a company if they gave you a take-it-or-leave-it salary offer, with no negotiation? According to a Wall Street Journal article today, that's exactly the approach being taken by a number of Silicon Valley startups, including Reddit, Magoosh, and Jet.com. Read More >

Where the Self-Made Billionaires Work

Forgetting, for a moment, that money is the root of all evil, that money can't buy happiness, and that it's easier for a camel to thread the eye of a needle than for a rich man to enter paradise, let's talk about billionaires. More specifically, let's talk about self-made billionaires, because anyone with a head and a heartbeat can inherit a billion, but not everyone can make a billion on his or her own. Read More >

Bain: Why There Are So Few Women Business Leaders

It's a well-known fact that women make up just 5% of the CEO class among Fortune 500 companies. Read More >

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