This is the public version of the Forbes Career Newsletter. Click here to subscribe and get it delivered to your inbox every Tuesday.
Blue Ash store in Granger, Ohio. The company offers leadership development programs to its employees and was ranked number one in this year’s American Opportunity Index. WW Grainger is a manufacturer of hardware and safety products.
getty
With all the talk about employee misfortune and “The Great Stay,” everyone wants to know. Where are people not feeling stuck? Where are companies offering growth opportunities for their employees?
Costco Wholesale, Capital One, and Meta Platforms to name a few. These are part of this year’s ranking of the top 100 employers by advancement opportunity, compiled by the Burning Glass Institute alongside the Schulz Family Foundation and Harvard Business School’s Project on Managing the Future of Work. It was part of the top companies in the American Opportunity Index.
Unlike other rankings, the American Opportunity Index uses data from Burning Glass rather than employee surveys. Not all list creators are as “sexy” as tech companies like Meta. According to Bloomberg, WW Grainger, a supplier of maintenance, repair and operations products, is on this year’s list because its investments in leadership development have helped the company’s stock outperform the S&P 500 benchmark over the past five years. It became the top.
The results are clear. Employees at the top 100 companies earn more and are more likely to be promoted than those at companies not on the list. Additionally, the top 100 companies are more likely to hire employees with college degrees than those at the bottom of the ranking.
But while these companies have helped their employees grow, promotions and pay increases are still lower than last year, the index found. About 60% of employers surveyed reduced promotion opportunities last year.
Matt Siegelman, director of the Burning Glass Institute, told Forbes’ Jenna McGregor that as more workers stay on the job, their opportunities to join and advance are decreasing. Even if the number of layoffs remains low, “employers concerned about the economy are cutting back on new hires,” he said.
Please enjoy reading. I hope everyone has a wonderful week.
work smarter
Practical insights and advice from Forbes staff and contributors to help you succeed at work, accelerate your career, and lead smarter.
Do you use Google Workspace at your office? Here’s how to maximize all your apps.
As we conclude Cybersecurity Awareness Month, know if your email has been hacked and what to do about it.
Get more tips on how to become a ruthless time manager and balance your side hustle with your day job.
Spotlight: Are you working on Election Day? Here’s how to vote.
As Election Day approaches next Tuesday, Forbes breaks down everything you need to know about voting by November 5th. While exact dates, times, and policies vary by state, we’ve compiled a list of voting options. From voting early to taking paid time off, even if you work on a Tuesday.
Have you made your voting plans yet? With just one week left until this year’s presidential election, early voting locations have opened in most states and nearly 43 million people have already voted, according to CNN.
But if you look at your calendar and notice you’re working during voting day, your employer may be legally required to give you time to vote. In fact, the Census Bureau found that the most common reason Americans (26.5% of registered voters) did not vote in the 2022 midterm elections was because they were too busy juggling work or school schedules. did.
Some companies already give their employees time off, whether legally required or not. Be sure to ask your human resources department about your company’s policies. Patagonia, for example, is closing all of its stores today, October 29, to not only give employees time off to vote, but also to encourage employees to vote early and volunteer.
So what are your options? We categorize them below.
early voting
Overall, voters can vote early in 47 states, Washington, D.C., Puerto Rico, the Virgin Islands, and Guam, and like in Minnesota, early voting locations open between 10 and 46 days before Election Day. Ru.
However, in all states where early voting is available, employers are not required to provide time off for early voting. In Georgia, Washington, D.C., and Kentucky, employees are entitled to up to four hours of leave (two hours in Oklahoma) to vote, request an absentee ballot, or “act” an absentee ballot.
voting by mail
If you think taking time off from work to vote will be an issue, 39 states and Washington, D.C., allow all voters to vote by mail. These mail-in deadlines vary by state, but as courts continue to rule on which votes ultimately matter, it’s safe to say the sooner the better.
The remaining 11 states require voters to have a reason to be eligible to vote by mail, from out-of-county to election or poll workers on Election Day. Again, these reasons vary by state.
Vote before or after work
Depending on your state, county, and precinct, polling places may open before the traditional 9 a.m. to 5 p.m. The earliest polling locations open at 5 a.m. in certain precincts in Vermont, while most early polling locations nationwide open at 6 a.m.
The Bipartisan Policy Center says voting after work may be difficult in some states, but all states will allow voting as long as you get in line by the deadline.
Voting during working hours
If you are unable to vote by November 5th and work during voting hours, employers in 28 states and Washington, D.C., are required by state law to give their employees time off during the work day to vote. There is.
Twenty-one of those companies offer paid time off and allocate an average of two hours for employees to go to the polls, vote, and return to work. However, in seven states that require leave by law, employees will not be paid during the voting period.
touch base
News from the world of work
Boeing’s striking employees have once again rejected the company’s latest contract offer. The center of their opposition is the pension issue. Factory workers agreed to suspend pension contributions in 2014, but pensions are quietly being reinstated as economic conditions improve, reports Jeremy Bogaisky of Forbes magazine.
Consulting firm EY last week fired dozens of staff for allegedly taking multiple training courses online at the same time, according to the Financial Times. The consulting firm called the action “misconduct,” but some fired workers believe it was an overreaction.
The Consumer Financial Protection Bureau has released new guidance to protect workers from unauthorized workplace surveillance. The agency said in its statement that companies that use third-party reports on employees’ past work performance must follow the rules of the Fair Credit Reporting Act, which also apply to loans and credit history.
Number to note down
$43 million
New AI startup Nooks aims to eliminate the need for sales teams to spend time searching for contact information, leaving voicemails, sending emails, doing research, and other tedious tasks. The company announced last week that it had raised an additional $43 million in funding to help sales reps avoid the hectic task of making cold calls.
video
How to get almost unlimited funds for your small business
quiz
In its latest return-to-office push, industry giant 3M surprised some experts by limiting the three-day in-person return-to-office push to which employees.
A. All employees
B. Retail workers only
C. Executives only
D. Manager only
Please check if I understood correctly here.
