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- This company is paying workers to quit đ€
This company is paying workers to quit đ€
Could you owe taxes on income you didnât make?
Hey there! Itâs a special month here at Salary Transparent Street. Why? Because on April 16th, weâre turning two years old!
To celebrate, weâre throwing a birthday party this Sunday in Washington, DC at the Capital One CafĂ© in Georgetown! Weâll have stickers, coffee, temporary tattoos, interviews, and so much more.
We canât wait to celebrate and meet the individuals who made this all possible (yes, that means you đ«”)! If youâll be in DC this weekend, be sure to sign up + stop by.
1 McKinsey is paying employees up to nine months of salary to quit đ€
Charnchai/iStock
Get paid to go away. McKinsey is offering UK employees thousands of dollars to resign, per Fortune. If employees accept, theyâll 1) stop working, 2) gain access to McKinseyâs career coaching and admin support (e.g. rĂ©sumĂ© workshops), and 3) stay on payroll for nine months as they look for a new job.
UmâŠwhy is McKinsey doing this? The firm went on a hiring spree during the pandemic. Its headcount ballooned from 28,000 employees in 2018 to about 45,000 todayâa 60% increase. As demand for their services slows down, McKinsey is looking to cut costs in a âsupportive way.â
Still, employees are anxious to see how this might play outâsome even speculating that an employeeâs refusal to resign might result in negative consequences:
âThey wouldnât be put on client engagements,â suggested a comment in the r/consulting forum. âTheyâd get the lowest ratings and then be forced out. This is why the majority take the voluntary package when they are being counseled out.â
Would you accept 9 months pay to quit? |
2 DoorDash and Uber are sending 1099s to people who never worked there đž
Owing $10,000 in taxes? The worst. But owing $10,000 in taxes on income you never made? Thatâs next levelâand exactly whatâs happening to the numerous people receiving tax forms from DoorDash and Uber despite having never worked there.
âI have a full-time job. I do not drive for Uber nor have I ever. Certainly not to the tune of $25,000â wrote one person.
SoâŠwhatâs going on? This is likely a case of identity theftâAKA, someone used their name, address, Social Security number, and other details to rake in money that could never be taxed. And itâs not entirely surprising that this is happening for DoorDash and Uber, two companies that have suffered major data breaches.
Our advice? If youâre hit with tax forms for income you never made, contact the employer, the IRS, and the Better Business Bureau, stat. And of course, remember to update those passwords (the password youâve had since 6th grade doesnât cut it anymore).
3 California introduces the right to disconnect bill đ
Washington Post illustration/ iStock
POV: Itâs a Thursday night and youâre about to crawl into bed to watch âLove is Blindâ when you get a Slack message. Itâs way past working hours, but your boss is expecting a responseâŠand not answering could mean missing out on a promotion.
Enter Assembly Bill 2751. Under this legislation, employees in California would have the right to ignore after-hours calls, emails, and texts from their employers. And if your boss contacts you anyway? They pay a fine of up to $100 per offense.
The âright to disconnectâ bill is long overdue:
When Covid-19 shifted communication online, the âalways onâ culture exploded. In 2022, a poll of 4,225 workers found that 55% felt pressured to respond to calls or check emails after working hours.
As Assemblyman Matt Haney puts it: âWorkers shouldnât be punished for not being available 24/7 if theyâre not being paid for 24 hours of work.â
If Bill 2751 passes, California would be the first US state to have a law of this kind. But the US is playing catch-up: Australia, France, Greece, and dozens of other countries already have this practice in place.
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Itâs Time to Find Out What Youâre Worth
Are you fairly compensated?
If you arenât sure, letâs change that.
Iâm hosting a free live webinar this Friday, April 12, where Iâll be giving you the tools and knowledge to learn your market rate, as well as tips and additional resources to help you maximize your earning potential.
Claim your seat here. Canât wait to see you there!
ICYMI: We just launched our fourth episode of The Break Room, a series of in-depth panel interviews with real, transparent professionals.
This episode features Content Creators in Los Angelesâmyself included đ. We discuss how we became content creators, what our day-to-day actually looks like, how we get brand deals (and determine our rates), and so much more!
Donât forget to subscribe to our YouTube channel so you never miss an episode! đ
Meet Home From College, the career platform for Gen Z. Best part? All jobs are paid.
Curious how much data scientists earn? Weâve got your answerâŠand itâs more than you think.
Starting July 1, NYC workplaces will be required to display the Workerâs Bill of Rights.
Eight working women shed light on how theyâre advocating for equal pay.
How much does a couple from Hungary make as an oil procurer and masseur? đ
Thanks for being here! Before parting ways, get this: An AI chatbot meant to help NYC business owners has been spewing misinformation.
The chatbot suggested that it was perfectly legal to fire an employee who filed sexual harassment claims, had dreadlocks, or didnât disclose a pregnancy (itâs not).
It gets wilder:
When asked if a restaurant should serve cheese nibbled on by rodents, it responded with, âYes, you can still serve the cheese to customersâ but to first assess âthe extent of the damage caused by the rat.â
YeahâŠweâd say AI still has a long way to go.
See you next week!
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