article thumbnail

Some Companies Are Asking Employees to Pay for Training to Increase Buy-in. But Does It Work?

Success

You make it through hurdle after hurdle, from multiple interviews to onboarding, and you are ready to start training. And then, you are asked to sign a Training Repayment Agreement Provisions (TRAPs) agreement. And as sketchy as the name sounds, you do it because, well, you need a job!

Training 244
article thumbnail

Why Company Retreats are Worth Every Penny

Allwork

Company retreats can demonstrate a company’s commitment to its staff’s well being, showing that it values them beyond their professional contributions. Company retreats serve as a fertile ground for creativity and innovation, allowing ideas to flourish outside the confines of cubicles and conference rooms.

Cubicle 253
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

While Large Firms Can Afford Layoffs, Small Companies Are Labor Hoarding

Allwork

For companies in the modern era, holding onto employees has become their comfort blanket. The antithesis of mass layoffs, companies have begun “labor hoarding” their workforce in an effort to maintain some semblance of normalcy as the economy enters a period of instability.

Payroll 229
article thumbnail

When It Come to Employee Mental Health, These 10 Companies Are Setting the Example

Success

But some companies are continuing to push to improve the lives of their employees or their clients as innovators in the future of mental health. They don’t all look the same—some companies that support mental health have the next generation in mind, and some have workplace environment improvement at the heart of their mission statements.

Health 241
article thumbnail

Should Your Company Be Labor Hoarding? HR Leaders Share Why They Believe The Answer Is Yes

Allwork

Labor hoarding is when companies find ways to hold on to talent rather than lay off workers in order to save money in the long term. . Companies are more concerned with mitigating costs than they are hiring new team members. . Allwork.Space spoke to three HR leaders to gauge their opinion on the practice of labor hoarding. .

Payroll 274
article thumbnail

Could Artificial Intelligence Eliminate Internships?

Allwork

From a strict cost-benefit analysis, training a revolving door of new employees who may or may not work out is exponentially more expensive than training a localized AI system that continues learning as it handles tasks. As AI advances, businesses will eventually automate all tasks that aren’t specialized in some way.

article thumbnail

3 Steps to Take Before Going Into Business for Yourself

Success

W-2 employees are employed through a company and automatically have their taxes deducted from their paychecks. When you work for a company, you and your employer split Social Security and Medicare taxes. Before going into business for yourself, you should have an account set aside to save for these additional expenses.