Dan Barrett’s Post

Arturo Estrella: It's not clear yet that nonfarm payrolls have been affected by monetary tightening, but job postings on Indeed certainly have been. Overall postings are down 28%, banking and finance and R&D more like 50%. Indeed itself announced 1,000 layoffs yesterday. #INVESTMENTBANKING #HEDGEFUNDS #PORTFOLIOMANAGMENT #CEOS #CIOS #CFO #CFOS #CIO #ASSETMANAGEMENT #FED #INFLATION #ECONOMY #EUROPE #ASIAPACIFIC #MARKETS #COMMODITIES #ECONOMICS #PRIVATEEQUITY #MONEY #VENTURECAPITAL #INVESTING #BANKINGINDUSTRY #TREASURY

Colleagues, there's a disconnect between Household and Establishment employment data. As there is a disconnect between what the money is doing where we spend our time. https://lnkd.in/exPmE7tN #stocks #investing #investorrelations #investors

In the past year, about half of our respondents have successfully increased both their salary and hourly workforce. While some have seen reductions due to early retirements, they are actively seeking to fill those roles. 📈 Notably, around half are looking to boost hourly wages, primarily by 3-4% to cover the cost of living. However, over 40% plan to maintain current wages. This raises concerns about the impact on those struggling with high mortgage rates and rising prices. 💰🏡 #ManufacturingTrends #ParanetWay #FutureOfManufacturing #Manufacturing

Payoffs are wasted if they’re not structured properly. Review (and highlight) each payoff in your script. Check whether: 1. You have more than one. 2. You are setting up the next one as soon as you’ve resolved the last. Setup, tension, resolution, setup, tension, resolution…

FlexWage Solutions was founded after a historic economic crisis. Before the Covid-19 pandemic, The Great Recession of 2008, prompted by the housing subprime mortgage crisis, was the most significant global economic challenge since the Great Depression in the 1930s. The financial collapse of 2008 created increased economic challenges and stress for workers throughout the U.S. At that time, most 40 million unbanked households in the U.S. did not have access to short-term credit other than payday loans. Many workers turned to payday loans to access the money they’d earned before payday. Unfortunately, the high cost of payday loans creates a tough-to-break cycle. With APRs reaching just under 400% for an average loan and roll-over conditions requiring multiple payday loans to pay off the first loan, the impact magnified employees’ financial hardships. Frank Dombroski founded FlexWage Solutions in June 2009 to address the financial crisis and give workers an alternative to predatory payday loans. An expert in digital payment solutions with deep experience in the financial services industry, Frank pioneered and patented OnDemand Pay and Earned Wage Access. Celebrate 15 years of financial wellness solutions with us! There’s no better time than now to get started with financial wellness benefits for your employees. Contact us today. https://lnkd.in/g7BCHjrv #FlexWage #EWA #EWADoneRight #OnDemandPay #FinancialWellbeing #EmployeeBenefits #HRBenefits #HumanResources #Payroll #Celebrate #Pioneer

The number of Americans filing new claims for unemployment benefits fell last week, pointing to underlying strength in the labor market that should continue to support the economy. The second straight weekly decline in claims reported by the Labor Department on Thursday unwound most of the jump at the start of the month, which had lifted applications to a level last seen at the end of August. Though job growth is slowing as a result of hefty Federal Reserve interest rate hikes in 2022 and 2023, layoffs remain very low. Read more 👇👉 https://lnkd.in/gUcGapXX

Most economists are predicting a recession in the next 12 months. Is your HR team ready to deal with an increase in unemployment claims? Is your Finance team prepared to navigate rising tax rates? If not, let us help you! HRlogics UCM, formerly Unemployment Tracker

As projected. Here we go! Companies need to get in line quickly with their hiring strategies and compensation packages. January wages rose 4.5%. CFO's - cutting jobs to make financials look good, will backfire. Much of the media focuses on Layoffs (negative news sells, and if you were laid-off know the job market is opening), yet all the data suggests a completely different scenario. Soon the headlines will be war on talent again. https://lnkd.in/ew_P2QbD

People get themselves onto an inside track of a steady wage on a lifestyle track they gain seniority at, get themselves dependent on it to support a family and maintain a lifestyle and mortgage, and assume they've got it all cleverly planned out, and when people least expect it, they'll pull "the switch" and just like that, they'll be in the C-suite. Everybody who gets into that thinks that, and it never works as long as they hope to maintain their social acceptance, keep their job, and avoid a shake up that will throw everything into disarray. And even then, unless they have an advanced degree, unless they already know someone in the C-Suite or the prime minister wants them represented for their particular anomolous trait, it ain't going to happen. If there is one advantage, my total lack of social acceptability and anything to hang onto or anyone to support has given me, it's that I have nothing to lose, I am flexible, and I am mobile. When I reach the limits of my employment, I can move on, and when I fail to get myself dependent on it, my manager insists this is the case, rather than see someone move above them. And after a shake-up, I move up, in a way where if I had more to show for it, I'd be unable to.

Is a $0 Founder Salary a Badge of Honor? Founders shouldn't take $0 salaries unless there is $0 in the bank Here's why taking no salary backfires for Founders It may sound chivalrous to say "I'm not even paying myself a salary!" as if we're so committed to our startups, but in fact, we're doing our selves a huge disservice by not paying ourselves. 1. It Buys us Nothing. Seriously, no one expects us to make $0, so what are we buying? At the very least we're setting our employee value at $0, which definitely doesn't help. 2. No one will remember (or care!). A few years from now when we finally do take a salary, no one will look back and say "Hey, we need to make up for all those years you didn't make any money!" Our sacrifice will be 100% forgotten. 3. We deserve to be paid as employees. Our stock is certainly a component of our compensation, but we are also employees. Like everyone, else we deserve to be paid. Investors have stock, but do they show up to work there? No. Even if we can't take a salary (no money in the bank) or have to defer it, we should always represent the contribution and value we've generated. Maybe it's deferred comp that we don't get paid back, or a debt that sits on the books, but it should never our contribution should never be ignored.