A coalition of Hong Kong employers petitions the government to freeze foreign domestic workers' pay, citing potential mass layoffs if wages increase, and proposes a pay-for-performance system.
The US labor market unexpectedly lost 23,000 jobs in July, with significant downward revisions for May and June, totaling 103,000 fewer jobs. Despite a steady unemployment rate of 4.1%, the data suggests a weaker labor market, potentially influencing the Fed's interest rate decisions.
The U.S. job market stalled in July as employers cut 23,000 jobs and May and June job gains were revised lower. The unemployment rate dipped to 4.1% because workers dropped out.
A proposed US government rule under review by the OMB could eliminate the 60-day grace period for unemployed H-1B and other temporary visa holders, requiring them to leave the country immediately unless USCIS grants discretion.
Civil servants at the European Commission report heavy workloads, cumbersome bureaucracy, and toxic management, contrasting with the institution's high prestige and lucrative compensation.
Bank of America spends over $250 million annually covering GLP-1 weight loss drugs for employees, accounting for roughly 13% of its $2 billion healthcare budget, CEO Brian Moynihan told CNBC.
The UK government announced plans to create thousands more apprenticeships in England through technical and vocational education reforms, seeking employer feedback on experiences and barriers.
The US government plans to expand the $4,000 H-1B and $4,500 L-1 9-11 Response and Biometric Entry-Exit Fee to petitions seeking extensions of stay for companies with large nonimmigrant workforces.
The Bureau of Labor Statistics is set to release July employment data, with economists forecasting an 85,000 jobs gain. However, traders on Kalshi, a prediction market platform, anticipate lower figures, placing a 47% chance of adding over 80,000 jobs and a 60% chance of over 70,000, following a previous discrepancy in June's report.
Kenya, through its National Examinations Council (KNEC), has launched a blockchain-based system on the Avalanche network to verify over 30 million academic records. This initiative aims to combat certificate fraud and simplify credential verification for institutions.
A South Korean startup, KOREC, connects South Korean youth facing job shortages with Japanese employers struggling to fill positions. This trend, driven by South Korea's youth unemployment and Japan's aging workforce, is also being adopted by other tech talent placement companies like Wanted Lab and LAPRAS.
Jasleen Kaur, an Indian solicitor in London, states she will not return to India for a corporate job due to the stark difference in work-life balance and corporate culture, highlighting the UK's professional environment and personal boundaries. Her video sparked online debate.
A study analyzing birth outcomes of physician and lawyer mothers in Texas found physicians, especially surgeons, had higher rates of low birth weight and pre-term deliveries, attributing differences to stressful work conditions, with improvements seen after a 2011 work-hour reform for residents.
Arsenal have completed the £34m signing of Greece international Christos Tzolis, 24, from Club Brugge on a five-year contract. He joins as a replacement for Leandro Trossard and is Arsenal's third permanent summer transfer, arriving after the club missed out on Morgan Rogers.
UK job vacancies dropped to 712,000 in June, nearly half of 2022 levels, as employers delay hiring. Unemployment held at 4.9%. Economists warn of a fragile labor market, while the new PM Andy Burnham faces pressure to boost the economy amid rising costs and global conflict.
An organized network facilitates illegal Bangladeshi immigration into India, providing cheap labor to Indian employers in sectors like textiles and construction. Touts manage infiltration, transport, and forged documents. Assam recently busted a network, making 34 arrests, and sought a legal framework to hold exploiting employers accountable at a conference chaired by Home Minister Amit Shah.
UK Chancellor Rachel Reeves is launching a new "skills compact" with financial firms like Barclays and Lloyds to retrain thousands of workers for the AI revolution. The initiative commits employers to improving skills and keeping pace with technological changes, aiming to future-proof jobs and maintain the sector's competitiveness.
Despite new GLP-1 drugs and Medicare coverage, most employers aren't covering them for weight loss due to high costs. Many are exploring alternative support methods for employees.
Despite new GLP-1 drugs and Medicare coverage, most employers aren't covering them for weight loss due to high costs. Many are exploring alternative support methods for employees.
The UAE is enforcing its annual Midday Break program (June 15-Sept 15) with fines up to Dh50,000 and work permit suspension for violators. The rule prohibits outdoor work from 12:30 PM to 3:00 PM to protect workers from heat-related illnesses.
US employers added only 57,000 jobs last month, less than half the previous month's total, signaling a cautious economic outlook. The unemployment rate fell to 4.2%, partly due to people leaving the workforce. Sectors like restaurants and retail saw job cuts.
US employers added only 57,000 jobs last month, a significant slowdown indicating economic unease. Despite a slight unemployment rate dip, high inflation and low consumer confidence keep businesses cautious, with a slowdown anticipated this quarter.
US employers added 57,000 jobs in June, half of economists' predictions, while past figures were revised down. The unemployment rate fell to 4.2%, but 720,000 people left the labor force. Inflation, influenced by the Middle East war, remains a key concern for the Federal Reserve.
EPFO mandates a 12% PF contribution up to Rs 15,000 monthly, with voluntary options for higher contributions. New rules simplify withdrawals to three categories and clarify employer responsibilities for contract workers.
