US banks cut costs by slashing first-half compensation | Study: Millennials leave jobs over outdated office technology | Tech workers look to telecommute far from Silicon Valley
Goldman Sachs, JPMorgan Chase and Morgan Stanley decreased employee-compensation budgets an average of 17% in the first half of 2016 to improve profit, according to regulatory filings. Goldman Sachs' reduction was 28%. Bloomberg (7/20)
Recruiting & Retention
Study: Millennials leave jobs over outdated office technology The Future Workforce Study, from Dell and Intel, shows that 42% of millennials will leave an office space if it is outdated. More than half of those in the study believe their office will become "smart" by incorporating virtual reality and the internet of things over the next five years. ITProPortal.com (U.K.) (7/18)
The majority of US workers say they have at least some financial stress, and mothers in households with income under $60,000 are especially anxious, according to a survey by Financial Finesse. Common problems include inadequate retirement savings and lack of an emergency fund. MarketWatch (7/20)
The HR Leader
What makes a company the best place to work? Some of the companies with the best work-life balance include Southwest Airlines and Discovery Communications, according to an analysis from the job platform Indeed. The best companies had a common thread, according to Indeed's Paul Wolfe, including giving employees flexibility and on-site amenities such as gyms or dry cleaning. Fast Company online (7/21)
Workplace Chatter
Older male ants mark young rivals for death by workers Adult male Cardiocondyla ants mark young males with a kind of kiss of death that signals worker ants to kill the potential rival, according to findings published in Entomological Science. The older ants grasp the younger males in their mandibles and slather them in gut juices that attract the worker ants, which proceed to tear them apart, though sometimes the younger ant will survive and launch a counter strike. New Scientist (free content) (7/15)
The greatest mistake you can make in life is to continually be afraid you will make one.
