Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Why Apple wants its employees BTW ASAP

Published

on

Apple Park

While many are enjoying the perks of working from home, Apple employees are angry about a memo from the CEO asking them to return to work.

While office workers around the world haver been getting by the last year on Zoom meetings from the lounge room, the tech giant is trying to get employees back to Apple park on set days.

Apple workers would still be able to work from home on Wednesdays and Fridays though.

Apple Park is a massive new complex housing thousands of employees

But many are unhappy with the announcement, responding in an internal letter that they would like more flexibility.

They want those who like working remote to be allowed to do so.

Benefits of Working From Home

When COVID-19 forced companies all over the world to send their employees home to work virtually, remote work had a big moment.

Yes, the rush to give employees access to all the tools they’d need to work from home was a bit, well, sudden for many employers.

10 Benefits of Working From Home

As we’ve long known, remote work has a host of advantages for workers.

Some you may already be aware of, and some that may open your eyes even more to remote work’s impact on employers, employees, the economy, and the planet.

1. Better Work-Life Balance

Many remote jobs also come with flexible schedules, which means that workers can start and end their day as they choose.

It’s all about achieving outcomes.

This control over your work schedule can be invaluable when it comes to attending to the needs of your personal life.

Apple Park is a massive new complex housing thousands of employees

2. Less Commute Stress

The average one-way commuting time in the U.S. is 27.1 minutes.

According to the Auto Insurance Center, commuters spend about 100 hours commuting and 41 hours stuck in traffic each year.

Some “extreme” commutersface much longer commute times of 90 minutes or more each way.

  • Higher cholesterol
  • Elevated blood sugar
  • Increased risk of depression

3. Location Independence

One of the considerable benefits of working from home is having access to a broader range of job opportunities that aren’t limited by geographic location.

This can be especially helpful for job seekers living in rural communities and small towns where there may not be many available local positions.

4. Improved Inclusivity

Remote work enables companies to embrace diversity and inclusion by hiring people from different socioeconomic, geographic, and cultural backgrounds and with different perspectives.

That can be challenging to accomplish when recruiting is restricted to a specific locale that not everyone wants, or can afford, to live near.

5. Money Savings

People who work from home half time can save around $4,000 per year.

Fuel, car maintenance, transportation, parking fees, a professional wardrobe, lunches bought out, and more can all be reduced or eliminated from your spending entirely.

These savings add up and put more money back into your pocket.

  • Overhead
  • Real estate costs
  • Transit subsidies
  • Continuity of operations

6. Positive Environmental Impact

The 3.9 million employees who worked from home at least half time before the pandemic reduced greenhouse gas emissions by the equivalent of taking more than 600,000 cars off the road for an entire year.

A whopping 7.8 billion vehicle miles aren’t traveled each year for those who work at least part-time from home, 3 million tons of greenhouse gases (GHG) are avoided, and oil savings reach $980 million.

7. Impact on Sustainability

Remote work supports a variety of sustainability initiatives, from economic growth and reduced inequalities, to sustainable cities, climate change, and responsible consumption.

8. A Customizable Office

Being able to create a comfortable home office is an excellent benefit of remote work.

Whether you simply want a more ergonomic chair or you have health issues that require specialised office equipment, you can set up your home office and make it whatever you want.

9. Increased Productivity and Performance

Working from home usually leads to fewer interruptions, less office politics, a quieter noise level, and less (or more efficient) meetings.

Add in the lack of a commute, and remote workers typically have more time and fewer distractions, which leads to increased productivity.

10. A Happier, Healthier Work Life

Remote, flexible workers tend to be happier and more loyal employees, in part because working from home has been shown to lower stress

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Money

Amex faces $230 million penalties for deceptive practices

Amex to pay $230M in penalties for deceptive sales practices involving credit cards, wire services to small businesses.

Published

on

Amex to pay $230M in penalties for deceptive sales practices involving credit cards, wire services to small businesses.

American Express has agreed to pay approximately $230 million in penalties related to deceptive practices in the sale of credit cards and wire services to small businesses.

The settlement breaks down to a $108.7 million civil penalty from the Justice Department and includes a non-prosecution agreement with the Eastern District of New York. This follows a criminal investigation into the company’s practices.

Additionally, American Express has reached a preliminary agreement with the Federal Reserve, which is expected to be finalised soon. The penalty from the Federal Reserve is included in the total $230 million.

Reports by the Wall Street Journal highlighted instances where some Amex salespeople pressured business owners to boost sales for credit cards and other products. This included misrepresenting card rewards and fees, as well as checking credit reports without proper consent.

The Journal also reported on deceptive marketing practices regarding wire products that were misleadingly pitched as ways to avoid tax payments. Furthermore, Amex was accused of entering “dummy” employer identification numbers on small-business credit card accounts to artificially inflate sign-ups.

American Express stated that it has cooperated with regulatory agencies to address these issues, which included staff discipline and changes in training and organisation. The company claims that these problematic practices ended in 2021 or earlier.

Continue Reading

Money

US stocks surge as banks report record profits

US stocks rise as banks report near-record profits; CPI slows, fueling hopes for continued Federal Reserve rate cuts.

Published

on

US stocks rise as banks report near-record profits; CPI slows, fueling hopes for continued Federal Reserve rate cuts.

US stocks rose sharply following strong earnings reports from four major banks: JPMorgan, Goldman Sachs, Citigroup, and Wells Fargo.

The banks reported their second-most profitable year ever.

JPMorgan achieved a historic milestone by becoming the first US bank to exceed $50 billion in annual profit.

Goldman Sachs saw record revenue from its equities trading division.

Citigroup reported record revenue in three of its five key segments: wealth management, US personal banking, and services.

Wells Fargo, while having the smallest presence on Wall Street, recorded a 62 per cent increase in annual revenue from investment banking.

Bank of America and Morgan Stanley are set to announce their results on Friday AEDT.

In other news, the core Consumer Price Index (CPI) for December rose at a slower rate than anticipated, indicating a potential easing of inflation.

This development has strengthened expectations that Federal Reserve policymakers may have room to continue cutting rates.

Consequently, the yield on the US 10-year bond dropped by 14 basis points to 4.66 per cent.

Similarly, UK yields fell by 16 basis points to 4.73 per cent after services inflation in the UK decreased to 4.4 per cent in December, down from 5 per cent in November, a more significant decline than the 4.8 per cent economists had predicted.

Continue Reading

Money

Bitcoin rises 2% as market awaits inflation report

Published

on

As of January 15, 2025, Bitcoin (BTC) is trading at approximately $97,198, reflecting a 2.17% increase over the past 24 hours. The cryptocurrency’s market capitalisation stands at around $1.93 trillion, with a 24-hour trading volume of about $54.23 billion.

This recent uptick comes as investors anticipate the upcoming U.S. inflation report, which could influence the Federal Reserve’s monetary policy decisions.

Continue Reading

Trending Now