According to the announcement made by JP Morgan, the workers in both corporate and investment bank would cycle between days spent at the office and at home. The move would ensure remote working on a part-time basis. The announcement was made by JPMorgan – the world’s biggest Wall Street bank by revenue – and could pressurize other financial organizations as well to offer similar arrangements.
In an internal announcement made by American Airlines on Tuesday, it was stated that the airlines would be cutting about 19,000 jobs in October. The move was planned as the COVID induced lockdown continued to affect air travel. The airline stated in the announcement that unless the government extends their aid for airline employee payrolls there would be no other option but to slash the jobs. The airlines had received about $25 billion in US government stimulus funds in March that was meant to cover payrolls and also protect jobs till September end.
According to a LinkedIn report dated 30 July, 2020, it was revealed that there has been a steady increase in demand for remote jobs. The report stated that since March the remote job listings on LinkedIn have tripled and most of the organizations planned to continue with their remote work practices. The report also stated that the Centers for Disease Control and Prevention had advised businesses back in February to opt for teleworking so as to contain the spread of the disease.
Reporting large second-quarter losses two of the US shale oil producers – Pioneer Natural Resources Co and Parsley Energy Inc have planned to slash their workforce in coming days. With the oil demand and prices going down due to coronavirus pandemic, the cost cutting announcement are the latest by the oil and gas producers. During the pandemic, more than 100,000 jobs in the US industry have been axed.
In another development for settling lawsuit claims, another company Vox Media had agreed to pay $4 million to settle a trio of lawsuits alleging that bloggers and site managers for its SB Nation team sites were misclassified as independent contractors. According to the lawsuit filed the workforce were denied overtime pay, minimum wages, and other benefits under California, New Jersey, and federal law.
According to a class-action lawsuit filed in federal court in Tennessee DHL Express and its vendor Flyaway Express had violated federal law by failing to properly compensate package delivery drivers and couriers. The lawsuit claimed that the company had failed to compensate drivers or couriers for all the time they worked and failed to offer overtime premium for all hours worked in excess of 40 per workweek that is in compliance with Fair Labor Standards Act.
The recent executive order signed by the US president Donald Trump calling for a deferral of the employees’ portion of the payroll tax from 1 Sept, 2020 had created a furor. With the final guidelines still awaited, employers and payroll companies are in doubts as to how this would work. The final guidelines would come from the IRS. While the deadline looming, payroll companies, the US Chamber of Commerce and other business associations revealed it would be difficult to implement the deferral. The concern is about the liability both employers and employees could face.
The recently published research revealed some disturbing results related to discrimination. The results revealed that Black women with natural hairstyles like Afros, braids, and twists were considered less competent, less professional, and thus less likely to be recommended for a job as compared to Black women with straight hairstyles and White women with either curly or straight hairstyles. The research was published in the journal Social Psychological and Personality Science.
According to the Paychex’s 2020 Pulse of HR about nine out of 10 HR professionals that were surveyed by the firm revealed about their say in company strategy. The survey also revealed that respondents had placed HR strategy first when ranking the needs for third-party support. About 575 respondents pointed out evaluating workplace productivity, driving results through company culture and implementing training and development rated as these as their top priorities.
In an internal memo shared by the American Airlines, it was revealed that it was planning to suspend its services to 15 small US cities from October. The services would be suspended post the terms of federal aid that required minimum amount of flight services expires on 30 Sept, 2020. American Airline was the only airline that offered scheduled commercial services to nine of the cities including Del Rio, Texas; Dubuque, Iowa; Florence, South Carolina; Greenville, North Carolina; Joplin, Missouri; New Haven, Connecticut; Roswell, New Mexico; Stillwater, Oklahoma and Williamsport, Pennsylvania.
In a response to the statement issued by Worker Adjustment and Retraining Notification Act (WARN), which was violated by the owners of a Bay Area Kome Japanese Seafood & Buffet, restaurant owners have agreed to $2.6 million of wage settlement claim. The claim charges were brought by California’s Labor Commissioner’s Office and alleged that it failed to offer minimum wage, overtime, and split shift premium pay to about 133 workers.
According to a SimplyWise survey about 40% of Americans who had lost their jobs or had a cut in their take-home salary because of COVID-19 would not be able to last most than a month on any kind of savings. The survey results were the reminder of the disturbing fact that numerous American families were standing on the edge of financial ruin. In addition, federal unemployment aid had ended in July and even eviction protections had expired in various parts of the country.
As per the new rule published by the US Citizenships and Immigration Services (USCIS) fees for certain immigration and naturalization requests would be subject to a weighted average increase of 20%. The new rule came into being on 3 Aug 2020. The new rule also included fee increase for Form I-129, which is filed by employers on behalf on their nonimmigrant workers to bring them to the US temporarily. The increase in fee would depend on the type of worker an employer had filed for.
According to the Federal Reserve Bank of New York about 41% of the 1.1 million Black-owned businesses on Main Street had shut down between February and April when the global pandemic struck the country. Facebook, in order to help this sector had announced that it would be updating its Businesses Nearby platform so that it would be easier for users to discover and support Black-owned businesses in their communities.
According to the survey carried out by the US Chamber of Commerce Foundation dated 3 Aug, 2020, it was revealed that employers had cited as lack of child care as one of the main reasons along with health and safety concerns why some workers were unable to fully return to work. About 40% of the 170 employers surveyed revealed that they have offered child care assistance, along with benefits or accommodations in response to the pandemic.
In a recent development related to unemployment cases in the US, it was reported that millions of Americans would face long-term unemployment with greater financial risks. The implications for long-term unemployment could be depleted savings and could turn into debt to cover daily living expenses. Finding a job befitting their qualifications and salary expectations gets difficult.
In a recent development, the lawmakers have floated a bipartisan bill that would sought to expand and modify the employer educational assistance programs. The Upskilling and Retraining Assistance Act was introduced on 4 Aug, 2020, with an aim to assist employers in hiring and retaining employees who had lost their jobs amid the COVID-19 pandemic.
According to the 9th US Circuit Court of Appeals ruling, a Washington state grocer could move forward with her hostile work environment claim as the conduct that she alleged was severe and pervasive. With this ruling the Circuit Court had overturned a district court’s decision. According to a lawsuit filed Avery Simmons was subjected to unwelcome conduct including uncomfortable stares and touches.
In an internal announcement made by Boeing Co on Monday, it was stated it would offer a voluntary layoff packages with pay and benefits for the second this year to its employees. The move came in at the time when the plane maker is battling a coronavirus-induced slowdown in global air travel. The packages would be offered to employees not only in the commercial airplanes but also to the employees in service businesses along with corporate functions.
According to the Further survey of 5 Aug, 2020, it was revealed employers and employees are at not in sync on how to best use HSAs. The report also shared the health benefits administrator had concluded that while employers positioned HSAs as saving tools, employees used HSAs as spending tools. The study also stated that about 65% of consumers reported using HSA as a spending resource, while 23% stated they would use their account equally for both spending and saving. While more than two-thirds of employers associated HSAs with savings only.
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