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- Your boss is watching you š
Your boss is watching you š
Plus: "$300K is the 'new $100K'"
Hey there! Exciting announcement: Weāre hosting live workshops nationwide to help you figure out your market rate! š° Hereās where you can catch us:
Washington, DC (our hometown!) October 3 from 6-8 PM ET
Austin on October 24 (Time TBD)
Denver on October 26 (Time TBD)
Not only will you get cool freebies, but youāll also leave knowing what your market rate is, how to find it, and steps to negotiate what you're worth. Space is limited so be sure to RSVP and save your seat today!
1 Companies are spying on their employees š
Why do you feel like someoneās watching you? Well, if youāre working remotely, thatās because your boss probably is. 96% of remote companies use employee monitoring software, per a ResumeBuilder survey. The trend shows no signs of slowing down: 85% of leaders now doubt their employeeās productivity since the shift to hybrid work.
But ask a company why theyāre surveilling employees, and itāll be ālargely under the guise of ensuring workplace safety, confidentiality and protecting the business,ā says Kathryn Weaver, a partner at Seyfarth, to CNBC.
So, how are certain companies going about watching their employees? (Warning ā ļø: Itās pretty off-putting).
TikTok ā TikTok launched MyRTO, an attendance-tracking software ensuring employees are in the office 3x a week. Any ādeviationsā will require an explanation and could result in disciplinary action.
UnitedHealth Group ā Employees with low keyboard activity could lose out on compensation and bonuses.
New Yorkās Metropolitan Transportation Authority ā The MTA told employees that they could work remotely once a weekāunder the condition that they agree to full-time productivity monitoring.
But a company acting like Big Brother has consequences. Apart from eroding trust between employees and employers, a 2021 study found that people purposefully worked at a slower pace when being monitored (and stole more office equipment than their un-monitored peersā¦the more you know. š¤·āāļø)
FYI: While there isnāt federal legislation protecting employees from undisclosed employer surveillance, thereās a growing movement against it. There are certain states (shout-out to New York and California) that are introducing bills to safeguard workers.
2 āBoss Privilegeā: Why youāre in the office (but your boss isnāt) š¢
48% of higher-ranking employees WFH four days a week, while only 33% of those in entry-level positions do, per a McKinsey report. In other words, higher-status workers have WFH arrangements, while those with less power arenāt given the same flexibility. š¤Ø
āBoss Privilegeā isnāt new. In September, Salesforce CEO Marc Benioff required employees to RTO three days a weekābut wonāt return himself, as his āpersonality just doesnāt work well in an office.ā
Rules for thee, not for me. The boss privilege phenomenon highlights the need for a more equitable approach. The benefits of WFH should be accessible to allānot just those with top positions.
3 Amazon bumps hourly pay for holiday workers š
Watchara Phomicinda | MediaNews Group | The Riverside Press-Enterprise via Getty Images
āHappy Holidaysā ā From, Amazon. The e-commerce giant is hiring for 250,000 full-time, part-time, and seasonal roles in anticipation of the holidays, according to CNBC.
Thatās cool, butā¦whatās the pay? Amazon claims it invested $1.3 billion toward additional pay, offering delivery and warehouse employees an average of $20.50 per hour (up from $19/hour). Plus, Amazon is offering sign-on bonuses ranging from $1,000 to $3,000 in specific locations.
While itās a step in the right direction, increased pay doesnāt erase Amazonās troubled past. Last January, The Labor Departmentās Occupational Safety and Health Administration issued citations against three Amazon warehouses for exposing workers to safety hazards. Hopefully, this holiday season presents better working conditionsānot just better wages.
āA $300K salary is the ānew $100Kā.ā
Thatās what this study has to say about some of Americaās largest cities, including New York, Honolulu, and San Francisco. š In fact, San Francisco is the third-most expensive city in the US, with a cost-of-living thatās 94% higher than the national average.
Letās take a closer look at how much some things cost in SF: š
So, how much are the people of San Francisco earning to afford living in the city? We hit the streets of SF to find out, interviewing everyone from a social worker earning a $40K salary to a truck company owner netting $320K. Give it a watch!
Want to become an entrepreneur? Here's a free 6-step guide to finding million-dollar business ideas.
This 28-year-old quit her ādream jobā in fashion and got a $40K raise when she pivoted to tech.
Speaking of pivoting, Pivot by Jenny Blake is a great read if youāre thinking of making a career change. š
We recently chatted with CNBC on all things self-advocacy, success, and of course, salary. š
Can you lose a job offer by negotiating salary? We unpack this question, along with the dos and donāts of negotiation right here.
Thanks for reading! A quick shout-out to Ford CEO Jim Farley, who suggested UAW (United Auto Workers) were āgreedyā for wanting to get paid more than teachers, firefighters, and military. Want to know how much Jim made last year?
$23 million. š
If youād like to support the UAW, hereās a list of things you can do.
See you next week!
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