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Companies overhire to combat high turnover - March 1, 2022
A new dataset from health officials in New York found that Pfizer’s COVID-19 vaccine is far less effective at preventing infection in children aged 5 to 11 compared to older kids. The findings raised concerns that health officials may have chosen the wrong company’s shot to approve for kids. The Pfizer vaccine is the only one approved for young children in the United States.
Economic analysts reported Russia’s economy is facing a potential “meltdown” as the Russian ruble reached a value below 1 U.S. cent and Russia’s central bank doubled a key interest rate to roughly 20%. Analysts cautioned that the economic pressure may lead to a run on Russian banks as the country’s citizens attempt to hoard cash and secure deposits. Experts predicted that Sberbank, Russia’s largest lender, is likely to fail within the coming days.
Conservative justices signaled skepticism for allowing the EPA to regulate emissions of power plants without express approval from Congress during Supreme Court arguments on Monday. Experts said a ruling against the agency would be a significant blow to the EPA’s ability to regulate the energy sector at a time when climate scientists heightened warnings about the quickening pace of climate change.
TD Bank announced the acquisition of Memphis-based First Horizon in an all cash deal that analysts said will give the financial giant a significant presence in the Southeast. The deal, valued at $13.4 billion, would place TD Bank as a top six bank in the United States. TD Bank said it has no plans to close branches or let go of frontline bank employees.
Companies have recently overhired in an effort to combat uncertainty as unstable demand and high turnover rates fostered unpredictability within a number of industries. Some companies have overhired by roughly 40% with plans to “prune” staff as labor needs become more clear. While the hiring strategies provide some security for companies, hourly employees reported increased insecurity due to overhiring practices.
Turbine Labs has tracked 16,531 media articles and blogs and 24,268 social media posts over the last 24 hours.
The next Turbine Labs Leadership briefing will be delivered on Wednesday, March 2 at 9:30AM ET.
Questions or feedback? Don't hesitate to https://turbinelabs.com/contact-us/ (reach out) to us directly.
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By Turbine LabsA new dataset from health officials in New York found that Pfizer’s COVID-19 vaccine is far less effective at preventing infection in children aged 5 to 11 compared to older kids. The findings raised concerns that health officials may have chosen the wrong company’s shot to approve for kids. The Pfizer vaccine is the only one approved for young children in the United States.
Economic analysts reported Russia’s economy is facing a potential “meltdown” as the Russian ruble reached a value below 1 U.S. cent and Russia’s central bank doubled a key interest rate to roughly 20%. Analysts cautioned that the economic pressure may lead to a run on Russian banks as the country’s citizens attempt to hoard cash and secure deposits. Experts predicted that Sberbank, Russia’s largest lender, is likely to fail within the coming days.
Conservative justices signaled skepticism for allowing the EPA to regulate emissions of power plants without express approval from Congress during Supreme Court arguments on Monday. Experts said a ruling against the agency would be a significant blow to the EPA’s ability to regulate the energy sector at a time when climate scientists heightened warnings about the quickening pace of climate change.
TD Bank announced the acquisition of Memphis-based First Horizon in an all cash deal that analysts said will give the financial giant a significant presence in the Southeast. The deal, valued at $13.4 billion, would place TD Bank as a top six bank in the United States. TD Bank said it has no plans to close branches or let go of frontline bank employees.
Companies have recently overhired in an effort to combat uncertainty as unstable demand and high turnover rates fostered unpredictability within a number of industries. Some companies have overhired by roughly 40% with plans to “prune” staff as labor needs become more clear. While the hiring strategies provide some security for companies, hourly employees reported increased insecurity due to overhiring practices.
Turbine Labs has tracked 16,531 media articles and blogs and 24,268 social media posts over the last 24 hours.
The next Turbine Labs Leadership briefing will be delivered on Wednesday, March 2 at 9:30AM ET.
Questions or feedback? Don't hesitate to https://turbinelabs.com/contact-us/ (reach out) to us directly.