In a previous post, we discussed the tremendous economic impact of the COVID-19 pandemic. In an article for CNN, Anneken Tappe reported on comments made by Federal Reserve Chairman Jerome Powell at a recent European Central Bank forum, in which Powell suggested that many displaced workers might find that their old jobs are permanently lost in a post-COVID world.
The U.S. economy has changed significantly in the face of the COVID-19 pandemic and the widespread business and economic changes the pandemic has ushered in.
The word “paradox” probably conjures up notions of logical puzzles and brain-straining impossibilities—the types of concepts most would want to keep far away from a business and its leaders. But paradoxes do exist, and some suggest that learning to understand and embrace them may be beneficial for developing leadership skills and creativity.
Aside from the personal and professional challenges 2020 presented (the COVID-19 pandemic, government shutdown orders, concerns about keeping employees safe, layoffs, remote working, homeschooling, and navigating the unknown), what stands out most to me in my practice—and had the biggest impact on my clients—was the U.S. Department of Labor’s (DOL) continued uncompromising pursuit of investigations […]
It’s essential that training materials stay current. Most people cringe when they see out-of-date training materials—and rightfully so.
The U.S. Department of Labor (DOL) recently clarified which healthcare providers are exempt from the Families First Coronavirus Response Act’s (FFCRA) paid sick and family and medical leave policies.
One of the biggest challenges in a changing economy is the issue of displaced workers. Even when an economy as a whole is growing, as some sectors replace others, some workers whose skills were once highly valued often feel left out of the new normal.
As the unemployment rate continues to ebb and flow with rising levels of COVID-19 cases, jobseekers are in for more unfortunate news; a new report released by the World Economic Forum indicates that over the next 5 years, automation will force many roles to become obsolete.
Amid the COVID-19 pandemic, American companies furloughed workers at an unprecedented rate. Initially, these furloughed employees believed their layoff was just temporary, but now, many of these job losses have become permanent.
With the unemployment rate at a record high, it should come as no surprise that many are considering a change of career. With many workers being laid off or furloughed in industries hit hard by the pandemic, changing careers is a no-brainer, but this could have a major impact on employers trying to retain workers […]