First-time claims for jobless benefits reached a seasonally adjusted 742,000 last week, an increase from 711,000 during the previous week. "Momentum in the economy, all else equal, should continue, but the virus might cause a rise for a few weeks," notes Michelle Meyer of BofA Global Research. Full Story: The Wall Street Journal (tiered subscription model) (11/19),Bloomberg (tiered subscription model) (11/19)
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Recruiting & Retention
WeWork offers Uber-like app for office space WeWork is expanding a New York City pilot -- dubbed WeWork on Demand -- to 160 of its sites across 11 US cities that enables workers to reserve desks or meeting rooms within shared workspaces via an app. The move is a signal that the sharing economy is coming to office space as remote work looks likely to remain a trend after the pandemic. Full Story: Axios (11/19)
26% of employers will cut pay for relocated workers Twenty-six percent of employers plan to reduce pay if remote workers relocate to places with lower living costs, 9% will cut pay for noncritical employees and 61% don't intend to adjust salaries, according to a Willis Towers Watson survey. Companies are reviewing wider compensation programs to reflect the costs of remote work, such as home technology. Full Story: Bloomberg (tiered subscription model) (11/19)
The HR Leader
Success as a leader means enabling others to shine A leader is someone who builds relationships with everyone on the team, takes responsibility for their growth and success, and does so without seeking personal glory, writes Wally Bock. Leadership is difficult "because you must do the right things, every day, over and over, with unremitting diligence," he writes. Full Story: Three Star Leadership (11/19)
Workplace Chatter
"Buddy the Rat" goes viral with NYC pizza stunt A video of a man dressed as a rat dragging a giant slice of pizza up a New York City subway stairway, using his teeth while passersby ignore him, has attracted millions of views on Twitter. The stunt was created by performance artist Jonothon Lyons who says his "Buddy the Rat" character tends to evoke either "Joy, fear or radical indifference" among New Yorkers. Full Story: Forbes (tiered subscription model) (11/20),Newsweek (tiered subscription model) (11/17)
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