Reference checks matter more than interviews. The purpose of the interview is to make you a better reference checker. The ideal reference check should take at least 45 minutes. These are some of the many things Graham Duncan, investor and chairman of the Sohn Conference Foundation and chairman emeritus of East Rock Capital LLC, thinks about reference
Tesla has been laying people off. And in true Elon Musk fashion, it’s garnering news attention for the bad aspects of it. Like this email informing people that Tesla could not offer reasonable accommodations for their disabilities, or this story about an employee who slept in the Tesla parking lot. But Tesla appears to have
our employees are taking Hush Trips. What are those? Well, to be fair, I just learned the term Hush Trips today, but I of course knew the practice: it’s working “remotely” from someplace other than your home and not telling your boss. Hence the “hush” part of the travel. It sounds all
If you’ve relied on noncompete agreements to protect your business and your business secrets, you’re in for a bit of a bumpy ride: The Federal Trade Commission just voted to ban noncompete agreements for all workers. This ban not only looks forward, preventing employers and employees from entering into new agreements,
Shopify recently rolled out an extremely … interesting … compensation policy. Basically, the company will now limit pay raises to employees who amass the most points within a competitive ranking system. Those with higher point scores get raises. And others? Well, they’re out of luck, with not even a small raise. It sounds horrifying, and, indeed
The White House just approved a proposal from the Department of Labor to raise the minimum salary for exemption to $55,068 per year. It’s currently at $35,568 per year, so this is quite a jump. What does this mean for your business? Let’s break it down. Salary exemption Under the Fair Labor Standards Act,
One in three hiring managers knowingly ask “illegal” questions during job interviews, according to a recent Resume Builder survey. And while, technically, very few of the questions mentioned in the survey are illegal to ask, queries about religion, race, gender, and pregnancy status (among other things) can still land you in hot water. Why?
It’s great when you can hire someone who can be up to speed in the first 15 minutes, but most people need training time. Even your newly hired chief financial officer needs considerable time to understand your processes and procedures. So, it’s certainly not surprising that it would take at
Serial entrepreneur Codie Sanchez has built a pretty substantial empire, with a net worth of $17 million–all by her mid-thirties. Obviously, she’s doing something right. But just because she can make money doesn’t mean you should follow her advice in everything. For instance, this “hack” for solving problems in your business. Sanchez recently tweeted: “Hack
Can stressed employees do a good job at work? Novo Nordisk, the company that makes Ozempic and Wegovy, certainly doesn’t seem to think so. According to CEO Lars Fruergaard Jørgensen, a stressed employee is an ineffective employee. According to QZ, he said at a recent company meeting that “I don’t think you could run a company
