[{"id":"czc9vYhL","slug":"/story/2024/04/returntooffice-workfromhome-or-hybrid-how-ceos-envision-the-future","_updatedAt":"2024-04-11T23:31:14Z","publishDate":"2024-04-12","summary":"Bosses seem to be accepting that \"back to normal\" isn't an option.","body":[{"markDefs":[],"children":[{"_type":"span","marks":[],"text":"We’ve brought you several stories about the state of the remote-work economy, including perspectives from the bosses who want it to end immediately and the workers who want it to last forever.","_key":"912c0acabda30"}],"_type":"block","style":"normal","_key":"bd0edf71ddea"},{"markDefs":[{"_type":"link","href":"https://www.businessinsider.in/careers/news/more-ceos-expect-hybrid-work-is-here-to-stay/articleshow/109227115.cms#:~:text=%22Hybrid%20is%20likely%20here%20to,up%20from%2034%25%20in%202023.","_key":"992cf6d3233b"}],"children":[{"_type":"span","marks":[],"text":"Well, while some employers are still ","_key":"a15f4cc43d5c0"},{"_type":"span","marks":["strong"],"text":"trying to sweeten the pot ","_key":"ebd1d955b8c1"},{"_type":"span","marks":[],"text":"in hopes of convincing employees to return to the office, many others are acknowledging that, for many jobs, working from home is probably going to be a ","_key":"eb3efc69f5d5"},{"marks":["992cf6d3233b"],"text":"reality","_key":"a15f4cc43d5c1","_type":"span"},{"_type":"span","marks":[],"text":" for the foreseeable future.","_key":"a15f4cc43d5c2"}],"_type":"block","style":"normal","_key":"210a7200f89a"},{"children":[{"_type":"span","marks":["strong"],"text":"And the survey says","_key":"71b2e480e83a0"}],"_type":"block","style":"normal","_key":"e7e182e8787b","markDefs":[]},{"style":"normal","_key":"e8b1c6d41f3f","markDefs":[],"children":[{"_type":"span","marks":[],"text":"The accounting firm KPMG US recently conducted a poll of American CEOs, and the results show a clear trajectory. As the report released on Thursday suggests, many folks currently working from home might not need to","_key":"87eb1edbfe290"},{"marks":["strong"],"text":" resume their daily commute","_key":"6bd0a04160d8","_type":"span"},{"_type":"span","marks":[],"text":" anytime soon.","_key":"bf160db53cbf"}],"_type":"block"},{"_type":"block","style":"normal","_key":"72d1513f7a3f","markDefs":[],"children":[{"_key":"4f52fbdaedce0","_type":"span","marks":[],"text":"Here are some highlights:"}]},{"markDefs":[],"children":[{"_type":"span","marks":[],"text":"Just one-third of executives expect office work to","_key":"453117c351a20"},{"_key":"9d436dd40bc5","_type":"span","marks":["strong"],"text":" resume to pre-pandemic levels"},{"text":" within three years.","_key":"b5547d5e1b58","_type":"span","marks":[]}],"level":1,"_type":"block","style":"normal","_key":"5a18e4c0b376","listItem":"bullet"},{"style":"normal","_key":"ab435c9d3d52","listItem":"bullet","markDefs":[],"children":[{"text":"That’s down significantly from the ","_key":"761a26f924730","_type":"span","marks":[]},{"text":"62% who said the same","_key":"f00803cd1193","_type":"span","marks":["strong"]},{"_key":"4ced2f37a7c6","_type":"span","marks":[],"text":" last year."}],"level":1,"_type":"block"},{"style":"normal","_key":"99e498bfc62a","listItem":"bullet","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Nearly half say “hybrid” work, with at least some remote days, ","_key":"639654dab0050"},{"marks":["strong"],"text":"will become the norm ","_key":"73dc11cc3c89","_type":"span"},{"_type":"span","marks":[],"text":"in offices.","_key":"9b4a8c6aafe5"}],"level":1,"_type":"block"},{"style":"normal","_key":"485491792721","markDefs":[],"children":[{"text":"But if you’re hoping for fully remote work, the news isn’t quite as reassuring. ","_key":"d27b150572600","_type":"span","marks":[]},{"_key":"12e2fbcd3ae0","_type":"span","marks":["strong"],"text":"Just 3% of CEOs surveyed"},{"_type":"span","marks":[],"text":" said they support the notion, down slightly from the 4% who offered such an endorsement in 2023.","_key":"028b829d3869"}],"_type":"block"},{"_type":"block","style":"normal","_key":"fe2c265c528b","markDefs":[],"children":[{"_key":"a2b435dbd55d0","_type":"span","marks":["strong"],"text":"The good, bad, and ugly"}]},{"children":[{"_type":"span","marks":[],"text":"As with most economic issues, there’s quite a bit of nuance at play regarding how CEOs are envisioning the future of labor.","_key":"85d8baa1dbed0"}],"_type":"block","style":"normal","_key":"290a3665c544","markDefs":[]},{"_key":"32e61279c860","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Nearly 9 in 10 executives","_key":"f4f0be8a43740"},{"text":" expressed confidence in future economic growth","_key":"93029b2f41f0","_type":"span","marks":["strong"]},{"_type":"span","marks":[],"text":" in the U.S. and more than three-fourths offered such a forecast for the global economy. 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Analysts say employee turnover can be a major ","_key":"3ca5b8d9d0980","_type":"span","marks":[]},{"_type":"span","marks":["50f91c728cfd"],"text":"drain","_key":"3ca5b8d9d0981"},{"_type":"span","marks":[],"text":" on a company’s bottom line.","_key":"3ca5b8d9d0982"}]},{"style":"normal","_key":"c09d89f8d239","markDefs":[],"children":[{"_key":"f9a00e11a65b0","_type":"span","marks":["strong"],"text":"Hard vs. soft costs"}],"_type":"block"},{"_key":"25a7846bcb7f","markDefs":[],"children":[{"_type":"span","marks":[],"text":"One estimate from 2022 found that it cost on average $4,700 to hire a new employee. But that’s definitely on the low end of the scale and doesn’t take into account indirect (or soft) expenses associated with this corporate undertaking.","_key":"1234a1b040400"}],"_type":"block","style":"normal"},{"style":"normal","_key":"f66bc9465689","markDefs":[],"children":[{"text":"It’s fairly easy to identify the","_key":"62fa819e58010","_type":"span","marks":[]},{"_key":"b2cc95403d39","_type":"span","marks":["strong"],"text":" hard costs of employee turnover"},{"_type":"span","marks":[],"text":", which can include things like:","_key":"fce86da76c44"}],"_type":"block"},{"children":[{"_type":"span","marks":[],"text":"Advertising for the open position","_key":"991aad20d46e0"}],"level":1,"_type":"block","style":"normal","_key":"3dc8285a4ae1","listItem":"bullet","markDefs":[]},{"_key":"34b97101ce11","listItem":"bullet","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Paying overtime for workers picking up the slack","_key":"7625ee36c03d0"}],"level":1,"_type":"block","style":"normal"},{"_key":"e230490fe797","listItem":"bullet","markDefs":[],"children":[{"_key":"7f24477e910e0","_type":"span","marks":[],"text":"Providing on-boarding resources to the new employee"}],"level":1,"_type":"block","style":"normal"},{"_type":"block","style":"normal","_key":"6fc6b455b807","listItem":"bullet","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Funding a severance package for the exiting worker","_key":"d3aee3310ac30"}],"level":1},{"style":"normal","_key":"92d2fe58fc8a","markDefs":[],"children":[{"_type":"span","marks":[],"text":"But the Society for Human Resource Management determined that these direct expenses only account for ","_key":"171a55b479cc0"},{"_key":"a74add2fdd01","_type":"span","marks":["strong"],"text":"40% or less of the overall hiring cost"},{"_type":"span","marks":[],"text":". The remainder comes in the form of various soft costs, most notably the lost productivity associated with interviewing and training a new employee.","_key":"d32a2cf68bfd"}],"_type":"block"},{"_type":"block","style":"normal","_key":"6aa374a083d9","markDefs":[],"children":[{"_type":"span","marks":["strong"],"text":"A staggering investment","_key":"bf0f00b0e8860"}]},{"_key":"2eee668afdc3","markDefs":[],"children":[{"_type":"span","marks":[],"text":"The aforementioned costs are pretty standard … and then there’s the potential for things to get much more expensive for employers. There could be a lawsuit from the dismissed employee, for example. Then there’s the potential that finding a replacement will require ","_key":"8d052dedf8300"},{"_type":"span","marks":["strong"],"text":"a referral or signing bonus ","_key":"506783a2dc46"},{"marks":[],"text":"in addition to a salary much higher than the former employee was getting paid.","_key":"27683fce8da5","_type":"span"}],"_type":"block","style":"normal"},{"style":"normal","_key":"31ccdecc10dd","markDefs":[],"children":[{"_key":"4bb479f501650","_type":"span","marks":[],"text":"Some experts say the final cost of hiring a new employee could be as much as "},{"_type":"span","marks":["strong"],"text":"four times the total annual salary","_key":"70906126a970"},{"_type":"span","marks":[],"text":" of the position.","_key":"d4076d427874"}],"_type":"block"}],"publishDate":"2024-03-21"},{"_id":"5a514b2f-8341-4993-8d35-7db22544773d","id":"jGoqiUF2","_createdAt":"2024-03-08T00:32:12Z","publishDate":"2024-03-08","visibility":"true","title":"How You Can Unleash The Powerful Potential Of Self-Control","image":{"asset":{"_updatedAt":"2024-03-08T02:14:08Z","originalFilename":"ezgif-5-4d5108d972.gif","uploadId":"Yle30Yu2sQGT4uYTaI3NEsK3yeS6WsYJ","_rev":"z78KjkVlBkG4g5ij3ofifP","mimeType":"image/gif","assetId":"bf757ba34176eb73237cf2b0201c9583686a257e","_id":"image-bf757ba34176eb73237cf2b0201c9583686a257e-480x269-gif","metadata":{"blurHash":"MFCGP#~VOsY6SjZMtRX.V?xttSR.R6n4V@","_type":"sanity.imageMetadata","palette":{"darkMuted":{"background":"#293444","_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff","population":6.63},"muted":{"foreground":"#fff","title":"#fff","population":7.79,"background":"#54919d","_type":"sanity.imagePaletteSwatch"},"lightVibrant":{"_type":"sanity.imagePaletteSwatch","foreground":"#000","title":"#fff","population":0,"background":"#e6ac92"},"darkVibrant":{"background":"#8d3e0b","_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff","population":0.06},"lightMuted":{"title":"#000","population":3.04,"background":"#d0ccc2","_type":"sanity.imagePaletteSwatch","foreground":"#000"},"vibrant":{"title":"#fff","population":4.88,"background":"#944521","_type":"sanity.imagePaletteSwatch","foreground":"#fff"},"dominant":{"population":7.79,"background":"#54919d","_type":"sanity.imagePaletteSwatch","foreground":"#fff","title":"#fff"},"_type":"sanity.imagePalette"},"hasAlpha":true,"lqip":"data:image/jpeg;base64,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","dimensions":{"_type":"sanity.imageDimensions","width":480,"aspectRatio":1.7843866171003717,"height":269},"isOpaque":true},"_type":"sanity.imageAsset","sha1hash":"bf757ba34176eb73237cf2b0201c9583686a257e","url":"https://cdn.sanity.io/images/8mioycse/v3/bf757ba34176eb73237cf2b0201c9583686a257e-480x269.gif","size":2338239,"extension":"gif","path":"images/8mioycse/v3/bf757ba34176eb73237cf2b0201c9583686a257e-480x269.gif","_createdAt":"2024-03-08T02:14:08Z"},"_type":"image","attribution":"Giphy"},"_type":"story","author":{"_ref":"phCNL32Gn","_type":"reference"},"_rev":"z78KjkVlBkG4g5ij3ofk7o","summary":"It's a skill that could pay off in a variety of situations.","_updatedAt":"2024-03-08T02:14:18Z","slug":"/story/2024/03/how-you-can-unleash-the-powerful-potential-of-selfcontrol","category":"work-life","body":[{"markDefs":[],"children":[{"_key":"b0d2c2bb78e90","_type":"span","marks":[],"text":"It’s human nature to become overwhelmed and, at least temporarily, lose control. But the better you are at maintaining a level head and keeping your wits about you, the more powerful you are likely to appear in the eyes of others."}],"_type":"block","style":"normal","_key":"d969eff053e9"},{"children":[{"marks":[],"text":"That’s the takeaway of researchers who compiled a new ","_key":"6175decc5ffe0","_type":"span"},{"text":"report","_key":"6175decc5ffe1","_type":"span","marks":["70e057eabbfc"]},{"marks":[],"text":" in the Journal of Personality and Social Psychology.","_key":"6175decc5ffe2","_type":"span"}],"_type":"block","style":"normal","_key":"55d725548451","markDefs":[{"_type":"link","href":"https://today.ucsd.edu/story/having-self-control-leads-to-power","_key":"70e057eabbfc"}]},{"children":[{"_type":"span","marks":["strong"],"text":"What the study revealed","_key":"9f149fdb3d970"}],"_type":"block","style":"normal","_key":"f9a7804d792f","markDefs":[]},{"markDefs":[],"children":[{"marks":[],"text":"Analyzing the results of seven experiments involving ","_key":"b206c7459d100","_type":"span"},{"_type":"span","marks":["strong"],"text":"about 3,500 participants","_key":"b4547e287fcf"},{"_type":"span","marks":[],"text":", university researchers identified how people are perceived based on where they land on the self-control scale.","_key":"78481fa57dec"}],"_type":"block","style":"normal","_key":"f935c3277d3a"},{"markDefs":[],"children":[{"marks":[],"text":"Some participants, for example, were asked to react to a hypothetical colleague who is trying to eat healthier. Depending on the scenario, the individual either decided to consume a large dessert or skip the after-meal sweets.","_key":"dd2977b699150","_type":"span"}],"_type":"block","style":"normal","_key":"d5ad373dd454"},{"children":[{"_type":"span","marks":[],"text":"The fictitious colleague was seen as more capable of","_key":"ee23271cfb3e0"},{"_key":"4a8c4cee1047","_type":"span","marks":["strong"],"text":" handling a powerful position"},{"_type":"span","marks":[],"text":" after deciding not to eat the dessert.","_key":"1f865992019c"}],"_type":"block","style":"normal","_key":"d35d74a99b65","markDefs":[]},{"_type":"block","style":"normal","_key":"cd6c5353b023","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Study co-author Pamela Smith explained: “It did not matter whether the colleague seemed to deliberate before acting, or just acted without thinking. What mattered for participants’ judgments was whether the colleague acted in line with their goals.”","_key":"60bca8323e960"}]},{"_type":"block","style":"normal","_key":"b6d68faa2214","markDefs":[],"children":[{"_type":"span","marks":["strong"],"text":"Consistent results","_key":"865245bd98590"}]},{"_key":"a44d98a44f83","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Across the board, individuals who seemed to exhibit high levels of self-control fared better than those who did not among study participants ranking their perceived power.","_key":"b95de891f7a80"}],"_type":"block","style":"normal"},{"markDefs":[],"children":[{"_type":"span","marks":[],"text":"“This pattern held ","_key":"8239be2b76bd0"},{"_type":"span","marks":["strong"],"text":"across a variety of goals ","_key":"2ba67a9fe57e"},{"_type":"span","marks":[],"text":"in our experiments, including saving money, being healthy, and reading books,” Smith added.","_key":"5b2bbf63d9dd"}],"_type":"block","style":"normal","_key":"cf55bb06ba66"},{"_key":"9442d2dffbe5","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Not only were those with lower levels of self-control perceived as less powerful in a theoretical sense, but when participants were asked whether they would want such individuals to serve as a team leader in future tasks, they generally said no.","_key":"041a848ab91e0"}],"_type":"block","style":"normal"},{"children":[{"_type":"span","marks":[],"text":"Study author Shuang Wu noted “that setting a stretch goal and not meeting it makes someone look less powerful than setting an easy goal and surpassing it.”","_key":"3179c043cd4b0"}],"_type":"block","style":"normal","_key":"f56124cbc1fc","markDefs":[]}]},{"_type":"story","image":{"_type":"image","attribution":"Shutterstock","asset":{"uploadId":"Ypx3CsYPp2oIqziTqoj0pe1zOd3I6i70","sha1hash":"0db59a9c067d45f747ba225e05cb7c40d4775443","_id":"image-0db59a9c067d45f747ba225e05cb7c40d4775443-6000x4000-jpg","url":"https://cdn.sanity.io/images/8mioycse/v3/0db59a9c067d45f747ba225e05cb7c40d4775443-6000x4000.jpg","path":"images/8mioycse/v3/0db59a9c067d45f747ba225e05cb7c40d4775443-6000x4000.jpg","assetId":"0db59a9c067d45f747ba225e05cb7c40d4775443","_createdAt":"2024-02-16T23:47:44Z","extension":"jpg","metadata":{"_type":"sanity.imageMetadata","palette":{"lightMuted":{"_type":"sanity.imagePaletteSwatch","foreground":"#000","title":"#fff","population":0.1,"background":"#d1a3ac"},"vibrant":{"title":"#fff","population":0.03,"background":"#3a6cba","_type":"sanity.imagePaletteSwatch","foreground":"#fff"},"dominant":{"population":1.01,"background":"#9bb2de","_type":"sanity.imagePaletteSwatch","foreground":"#000","title":"#fff"},"_type":"sanity.imagePalette","darkMuted":{"foreground":"#fff","title":"#fff","population":0.52,"background":"#373d4c","_type":"sanity.imagePaletteSwatch"},"muted":{"foreground":"#fff","title":"#fff","population":0.56,"background":"#727c94","_type":"sanity.imagePaletteSwatch"},"lightVibrant":{"_type":"sanity.imagePaletteSwatch","foreground":"#000","title":"#fff","population":1.01,"background":"#9bb2de"},"darkVibrant":{"title":"#fff","population":0.13,"background":"#041645","_type":"sanity.imagePaletteSwatch","foreground":"#fff"}},"hasAlpha":false,"lqip":"data:image/jpeg;base64,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","dimensions":{"_type":"sanity.imageDimensions","width":6000,"aspectRatio":1.5,"height":4000},"isOpaque":true,"blurHash":"VIF69F_34p%L-;_Nt8IUV[%M*0M^V[xuW-x^WBR*kCt7"},"description":"Uber and Lyft rideshare driver Henry Arnault holds a sign that reads 'No Love for Uber Lyft,' while picketing in a call for better pay and safer working conditions, at Rhode Island T. 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Rideshare and delivery drivers for Uber, Lyft and Doordash are participating in a one-day strike across the country.","mimeType":"image/jpeg","_rev":"TpPLOW0DV9lP6b1mUse6Lx","_type":"sanity.imageAsset","size":1806550,"_updatedAt":"2024-02-16T23:47:44Z","creditLine":"CJ GUNTHER/EPA-EFE/Shutterstock","originalFilename":"sstk-14347947n.jpg"},"crop":{"bottom":0,"_type":"sanity.imageCrop","right":0,"top":0,"left":0},"hotspot":{"y":0.5437080916532971,"height":0.9125838166934057,"_type":"sanity.imageHotspot","width":0.9041095890410957,"x":0.46917808219178087}},"publishDate":"2024-02-17","_id":"bf961336-b693-4304-bd8d-baeeac316b89","visibility":"true","id":"iz1ogPQ1","_rev":"TpPLOW0DV9lP6b1mUsessZ","_createdAt":"2024-02-16T23:49:25Z","summary":"It's the latest push for improvements within the \"gig work\" sector.","author":{"_ref":"phCNL32Gn","_type":"reference"},"_updatedAt":"2024-02-16T23:49:25Z","body":[{"_key":"0b68f027665f","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Gig workers have long advocated for better pay and protections, but this week saw one of the biggest public demonstrations to that end. Drivers working for platforms including Uber, Lyft, and DoorDash picketed in 44 U.S. cities on Wednesday in hopes of securing some important concessions.","_key":"a9406c4c8ddf0"}],"_type":"block","style":"normal"},{"children":[{"_type":"span","marks":["strong"],"text":"Making their demands","_key":"6fc4a99f0a5d0"}],"_type":"block","style":"normal","_key":"969a37fb63f6","markDefs":[]},{"markDefs":[],"children":[{"text":"Would-be passengers in major metropolitan areas like Philadelphia and Chicago were unable to hail a ride on these apps for hours as striking drivers brought attention to issues they say make them uniquely vulnerable to mistreatment.","_key":"23cf1fc7a0db0","_type":"span","marks":[]}],"_type":"block","style":"normal","_key":"ac59d23d6035"},{"children":[{"_type":"span","marks":[],"text":"A few of the most notable concerns 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And now that these folks are rapidly approaching or already past the age of 65, they’re "},{"text":"redefining","_key":"f7b79097b4bf1","_type":"span","marks":["7822b03e517a"]},{"_type":"span","marks":[],"text":" what “retirement age” looks like.","_key":"f7b79097b4bf2"}]},{"markDefs":[],"children":[{"_type":"span","marks":["strong"],"text":"Working hard and getting paid","_key":"aa800d7c214b0"}],"_type":"block","style":"normal","_key":"748627a23915"},{"markDefs":[],"children":[{"_type":"span","marks":[],"text":"A new Pew Research survey found that ","_key":"102469fcf6b20"},{"_key":"48d5bf8c0bc7","_type":"span","marks":["strong"],"text":"almost twice as many 65+ Americans "},{"_type":"span","marks":[],"text":"are in the workforce this year (19%) than the percentage of people in that age range who continued to work in the late ‘80s.","_key":"7a157e9e8730"}],"_type":"block","style":"normal","_key":"548a79476601"},{"_key":"2bcae60953e1","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Furthermore, their wage growth over the past 3+ decades has outpaced those in younger generations. In 1987, older workers earned an average of $13 per hour — and in 2013, that had","_key":"3c839926fe660"},{"_type":"span","marks":["strong"],"text":" nearly doubled to $22","_key":"b29bbb051acb"},{"_type":"span","marks":[],"text":".","_key":"7f749755b506"}],"_type":"block","style":"normal"},{"_key":"393f51383c38","markDefs":[],"children":[{"marks":[],"text":"Meanwhile, workers aged 64 and under have seen less significant increases in their paychecks over that period, meaning that the wage disparity between younger and older workers is slimmer than it has been at any time in recent memory.","_key":"e843cda794a10","_type":"span"}],"_type":"block","style":"normal"},{"style":"normal","_key":"67de9b2c6b69","markDefs":[],"children":[{"text":"But it’s important to understand that, despite the growth in numbers and income, we’re still only talking about ","_key":"eb48c5a46b730","_type":"span","marks":[]},{"text":"fewer than 1 in 5 ","_key":"13d5bc196ad0","_type":"span","marks":["strong"]},{"_type":"span","marks":[],"text":"older Americans who are still employed. So let’s take a closer look at what type of people are most likely to be in that 19%.","_key":"5be892358987"}],"_type":"block"},{"markDefs":[],"children":[{"marks":["strong"],"text":"Exploring demographics","_key":"7583e3b39f2b0","_type":"span"}],"_type":"block","style":"normal","_key":"e76708cd9d01"},{"_key":"caa8da2a32f5","markDefs":[],"children":[{"_type":"span","marks":[],"text":"It’s clear that, like the workforce overall, today’s crop of older workers is more diverse than ever. Here’s what Pew Research discovered:","_key":"c0a1cd1c74770"}],"_type":"block","style":"normal"},{"listItem":"bullet","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Nearly half — 46% — of workers over 65 ","_key":"1617f3c68aaf0"},{"marks":["strong"],"text":"are women","_key":"dedf0d844a26","_type":"span"},{"_type":"span","marks":[],"text":", compared to just 40% in 1987 and one-third in 1964.","_key":"ab0bcdcf71ca"}],"level":1,"_type":"block","style":"normal","_key":"72609867043f"},{"level":1,"_type":"block","style":"normal","_key":"e27f32c2ca3a","listItem":"bullet","markDefs":[],"children":[{"text":"About 44% of older workers have ","_key":"5f0086d263950","_type":"span","marks":[]},{"text":"at least a bachelor’s degree","_key":"998404a10d1b","_type":"span","marks":["strong"]},{"_type":"span","marks":[],"text":", which is up from only 18% in 1987.","_key":"ca012e7916be"}]},{"children":[{"_type":"span","marks":[],"text":"The 65+ group is still less ","_key":"6c52069f1e550"},{"_type":"span","marks":["strong"],"text":"ethnically divers","_key":"fd78592127f4"},{"_type":"span","marks":[],"text":"e — 75% White compared to 59% White among workers 25-64.","_key":"18954a250319"}],"level":1,"_type":"block","style":"normal","_key":"3c9d356d190a","listItem":"bullet","markDefs":[]},{"style":"normal","_key":"f8ce74047422","listItem":"bullet","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Almost two-thirds of older workers have ","_key":"2910171667050"},{"_type":"span","marks":["strong"],"text":"full-time jobs","_key":"8a924d82e539"},{"marks":[],"text":", whereas just less than half did in 1987.","_key":"da21310dbf9c","_type":"span"}],"level":1,"_type":"block"}],"category":"work-life","_type":"story","slug":"/story/2023/12/baby-boomers-are-aging-but-that-doesnt-mean-theyre-ready-to-retire","_id":"f5484c7d-a20b-4d7a-b805-005061ad6853","visibility":"true","summary":"Twice as many older workers are in the workforce than a generation 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If not, it might be soon.","publishDate":"2023-11-27","visibility":"true","_type":"story","slug":"/story/2023/11/young-workers-dont-want-to-go-back-to-the-office-will-they-do-it-for-the-gram","_createdAt":"2023-11-27T01:18:27Z","author":{"_ref":"phCNL32Gn","_type":"reference"}},{"publishDate":"2023-11-23","_rev":"r0PN3IvDkf0GuQd2hCpgze","_createdAt":"2023-11-22T22:15:00Z","body":[{"style":"normal","_key":"dc63807d4d33","markDefs":[{"_type":"link","href":"https://www.axios.com/2023/11/22/gen-z-boomers-work-census-data","_key":"1c77399243bf"}],"children":[{"_type":"span","marks":[],"text":"It was bound to happen, and the moment is expected to occur sometime next year: There will be ","_key":"27c04f825ca60"},{"_type":"span","marks":["1c77399243bf"],"text":"more","_key":"27c04f825ca61"},{"text":" Gen Zers in the workforce than Baby Boomers.","_key":"27c04f825ca62","_type":"span","marks":[]}],"_type":"block"},{"_type":"block","style":"normal","_key":"496f3192e672","markDefs":[{"_type":"link","href":"https://www.glassdoor.com/research/workplace-trends-2024","_key":"4b52c931152c"}],"children":[{"_type":"span","marks":[],"text":"According to analysts at Glassdoor who took ","_key":"f5dace63083a0"},{"text":"a deep dive into relevant census numbers","_key":"95e24d1b6f65","_type":"span","marks":["strong"]},{"_type":"span","marks":[],"text":", Gen Z (aka Zoomers) are reaching adulthood and getting jobs at a pace that will ","_key":"71cc51ac2e01"},{"marks":["4b52c931152c"],"text":"eclipse","_key":"f5dace63083a1","_type":"span"},{"_type":"span","marks":[],"text":" the remaining Boomers who are retiring and exiting the workforce.","_key":"f5dace63083a2"}]},{"_key":"47fc1f78396e","markDefs":[],"children":[{"marks":["strong"],"text":"What it means for your generation","_key":"1b3830d28a7f0","_type":"span"}],"_type":"block","style":"normal"},{"_key":"4c162a5b636c","markDefs":[],"children":[{"_type":"span","marks":[],"text":"As you might know, many Zoomers are still minors and won’t be in the workforce next year. And it’ll be a while before they make up the majority of Americans with jobs.","_key":"75930f2f38c50"}],"_type":"block","style":"normal"},{"style":"normal","_key":"5dafd18e1f40","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Estimates indicate there will be more Millennials working in the U.S. for ","_key":"03972a4775ae0"},{"text":"roughly the next two decade","_key":"bf292b320d65","_type":"span","marks":["strong"]},{"text":"s.","_key":"40e045034dbc","_type":"span","marks":[]}],"_type":"block"},{"_key":"e0bda2563fcf","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Once again, Gen X is underrepresented, even though its focus on a healthier work-life balance than their Boomer parents had is still at the root of today’s job culture.","_key":"53e13cb345d2"}],"_type":"block","style":"normal"},{"_type":"block","style":"normal","_key":"33d87f0f5787","markDefs":[],"children":[{"_type":"span","marks":["strong"],"text":"The end of an era for older workers","_key":"25c1e48844dd0"}]},{"_key":"3512edbde43b","markDefs":[],"children":[{"_key":"cdb9f3e959a60","_type":"span","marks":[],"text":"As its name implies, the “Baby Boomer” generation was particularly large as post-war Americans enjoyed a robust economy and many had lots of kids. 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employers are a lot more complimentary than you might assume.","body":[{"style":"normal","_key":"016a3b4eee09","markDefs":[{"href":"https://www.pewresearch.org/short-reads/2023/11/13/most-american-workers-say-their-boss-is-capable-confident-and-fair/","_key":"a5bf4a906ed6","_type":"link"}],"children":[{"_type":"span","marks":[],"text":"It’s pretty common to share complaints about a manager or supervisor, but in the grand scheme of things most Americans seem to have a pretty positive view of their bosses. 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At the same time, many retirees are looking for something to do to ","_key":"25bf3f43c8650"},{"text":"break up the monotony","_key":"0e3930404d13","_type":"span","marks":["strong"]},{"marks":[],"text":" of retirement and bring in some extra bucks.","_key":"39012dbdc995","_type":"span"}],"_type":"block","style":"normal","_key":"34ca78137ee9","markDefs":[]},{"children":[{"marks":[],"text":"The result is something that has become known as “flextirement,” and it seems to be working out pretty well.","_key":"227672e133760","_type":"span"}],"_type":"block","style":"normal","_key":"63df48b16ba1","markDefs":[]},{"_type":"block","style":"normal","_key":"6de394cb263e","markDefs":[],"children":[{"_type":"span","marks":["strong"],"text":"Finding the right balance","_key":"5d2a67c1ae3c0"}]},{"style":"normal","_key":"8054d49686e5","markDefs":[],"children":[{"_type":"span","marks":[],"text":"In some cases, companies try to keep current employees around in a reduced capacity instead of seeing them leave entirely. 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Sure, the viral posting that listed a salary range of “","_key":"a10994ff5b650","_type":"span","marks":[]},{"_key":"a10994ff5b651","_type":"span","marks":["strong"],"text":"$0 to $2 million"},{"_type":"span","marks":[],"text":"” has been taken down and blamed on an error — but there are others that are nearly as egregious.","_key":"a10994ff5b652"}],"_type":"block","style":"normal","_key":"4f7dec7e15c9","markDefs":[]},{"_type":"block","style":"normal","_key":"344d68134b8b","markDefs":[],"children":[{"_type":"span","marks":[],"text":"An investigation found some positions that included ranges like $50,000 to $180,000 or $197,000 to $366,000.","_key":"a6abdf6c5dfa0"}]},{"markDefs":[],"children":[{"_key":"b1976373b49b0","_type":"span","marks":[],"text":"Such broad chasms obviously don’t give applicants much information at all. 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Meanwhile, employers nationwide continue looking for ways to ","_key":"2e93ebcd13642","_type":"span"},{"_type":"span","marks":["strong"],"text":"recruit and retain","_key":"2e93ebcd13643"},{"_key":"2e93ebcd13644","_type":"span","marks":[],"text":" the best employees possible."}]},{"markDefs":[{"_type":"link","href":"https://www.worklife.news/culture/student-debt/","_key":"8cafeed5a5cf"}],"children":[{"_type":"span","marks":[],"text":"It was only a matter of time before these two ","_key":"e1ee4b01f9d30"},{"_type":"span","marks":["8cafeed5a5cf"],"text":"issues","_key":"e1ee4b01f9d31"},{"_type":"span","marks":[],"text":" converged.","_key":"e1ee4b01f9d32"}],"_type":"block","style":"normal","_key":"47b2149097a1"},{"style":"normal","_key":"7bc16b3e1e14","markDefs":[],"children":[{"_key":"8bda059ecf640","_type":"span","marks":["strong"],"text":"The birth of a new perk"}],"_type":"block"},{"style":"normal","_key":"6e84886dfbde","markDefs":[],"children":[{"_type":"span","marks":[],"text":"While the Biden administration has faced ","_key":"69db4985bfcd0"},{"text":"legal and political roadblocks","_key":"69db4985bfcd1","_type":"span","marks":["strong"]},{"_key":"69db4985bfcd2","_type":"span","marks":[],"text":" in its efforts to erase a large portion of the nation’s college loan debt, there’s nothing stopping private companies from providing such relief for their employees."}],"_type":"block"},{"style":"normal","_key":"61c3a2de3bc5","markDefs":[],"children":[{"_type":"span","marks":[],"text":"And there’s evidence that a growing number of employers are ","_key":"6e90085b10ba0"},{"_type":"span","marks":["strong"],"text":"warming up to the idea","_key":"6e90085b10ba1"},{"text":" of offering student loan assistance as a corporate benefit.","_key":"6e90085b10ba2","_type":"span","marks":[]}],"_type":"block"},{"_type":"block","style":"normal","_key":"2be8c7114ec6","markDefs":[],"children":[{"_type":"span","marks":[],"text":"One example is HSA Bank, where Executive Managing Director Kevin Robertson said a tuition reimbursement program unveiled earlier this year has become a benefit that is “not only attractive but ","_key":"3c5cee4a9d950"},{"_type":"span","marks":["strong"],"text":"really relevant","_key":"3c5cee4a9d951"},{"_key":"3c5cee4a9d952","_type":"span","marks":[],"text":"” to many employees."}]},{"style":"normal","_key":"f0a3a6cff679","markDefs":[],"children":[{"_type":"span","marks":[],"text":"He noted that there’s also a clear benefit to employers, particularly during a period of low unemployment rates.","_key":"533a1e146de00"}],"_type":"block"},{"_type":"block","style":"normal","_key":"be31797eaa72","markDefs":[],"children":[{"_type":"span","marks":["strong"],"text":"Your mileage may vary","_key":"6af0e49992b10"}]},{"style":"normal","_key":"aeb067d6544d","markDefs":[],"children":[{"_type":"span","marks":[],"text":"HSA Bank is hardly alone in providing this type of assistance to employers. One recent survey found that ","_key":"b9b33a491abf0"},{"_type":"span","marks":["strong"],"text":"nearly 50% of employers","_key":"b9b33a491abf1"},{"_type":"span","marks":[],"text":" are offering some form of tuition assistance.","_key":"b9b33a491abf2"}],"_type":"block"},{"children":[{"_type":"span","marks":[],"text":"Of course, the scope of these benefits differs greatly from one company to the next.","_key":"911421c05b1f0"}],"_type":"block","style":"normal","_key":"075704d21d5e","markDefs":[]},{"children":[{"_type":"span","marks":[],"text":"Liberty Mutual has one of the more comprehensive programs out there and ","_key":"6976dfa16b570"},{"_type":"span","marks":["strong"],"text":"1,242 of its employees","_key":"6976dfa16b571"},{"_type":"span","marks":[],"text":" took advantage of it last year alone. 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