Executive Leadership Briefing

Remote work enables mass exodus from Silicon Valley - October 5, 2021


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Louisiana-based nonprofit Ochsner Health announced it will charge workers an additional $200 per month to insure their unvaccinated spouses or partners covered by the hospital group’s insurance policies due to the high costs of treating COVID-19 patients. If adult dependents wish to remain unvaccinated and avoid the fee, they can seek insurance elsewhere, Oschner said in a statement. Oschner already requires all 32,000 of its employees to be vaccinated unless they qualify for a religious or medical exemption.
Judging 'sincerely held' religious belief is tricky for employers mandating vaccines - NPR
Dept. of Health Addresses HIPAA Applicability to COVID-19 Vaccination Information - The National Law Review
DraftKings is adding its second-largest office space in the U.S. with the plan to house more than 1,000 employees. The Las Vegas space will occupy 90,000 square feet in early 2022. DraftKings co-founder Matt Kalish said the move “further exemplifies DraftKings’ investment in its employees and the future of the company, as well as the local community.”
Office space still a compelling investment — with risks - Advisor
The Great Disconnect: Many More Employers Than Workers Want To Return To Offices - Forbes
Remote work policies have enabled a mass exodus from Silicon Valley, leaving many former tech offices in San Francisco sitting empty. With the ability to work from anywhere, employees are escaping the San Francisco area, which is the most expensive real estate market in the country. However, Google employees could see a significant pay cut — anywhere from 5% to 25% — if they move from a more expensive hub like San Francisco or New York City.
39% of businesses increased productivity with remote work during covid restrictions - Acrofan
'We will never go back': These execs made big calls on remote work and are sticking to them - Dallas Business Journal
Military personnel in the UK started driving fuel tankers Monday to combat a shortage of truck drivers that has closed some gas stations and caused panic buying and long lines at others. The country also issued temporary work visas for 5,000 foreign truck drivers to address the fuel crisis. With the crisis in its second week, some consumers fear that disruptions could continue into the holiday season.
UK Braces for a Difficult Holiday Season Due to Shortages - The New York Times
U.K. Services Prices Jump at Record Pace on Supply-Chain Woes - Bloomberg
@pmdfoster: Downing St “infuriated” that only 27 of 300 immediate 3 month tanker-driver visas taken up…now the reason there are fuel shortages. (Fwiw plenty in industry suspected the scheme was set up to show immigration wasn’t solution). QED. X2. #brexit
A recent Berkeley Institute of Governmental Studies poll found that minority-owned small businesses were negatively impacted more significantly by the pandemic than their white counterparts. The study also found that minority business owners were also significantly less likely to have applied for and received PPP loans. LGBTQ workers were 30% more likely to have lost their jobs in the pandemic, with nearly 80% of LGBTQ people of color reporting losing their jobs, according to a study by the Human Rights Campaign.
Minority-owned businesses grapple with uneven pandemic recovery - Columbus Business First
In Clearwater, Latino business owners feel effects of pandemic - Tampa Bay Times
"The Graphic Truth: 50 years of US inflation vs interest rates" - GZero / Source: U.S. Bureau of Labor Statistics, Federal Reserve
CONTENT FACTS
Turbine Labs has tracked 16,274 media articles and blogs and 18,651 social media posts over the last 24 hours.
The next Turbine Labs Leadership briefing will be delivered on Wednesday, October 6, at 9:30AM ET.
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Executive Leadership BriefingBy Turbine Labs