"Perks have vanished, in-office mandates are on the rise, and layoffs continue even as profits hold up - changes that reflect a system that prioritizes shareholder returns over stakeholder capitalism and corporate loyalty. With job openings thinning, wages struggling to keep pace with inflation, and AI looming as a threat to entire occupations, the recalibration is altering how advancement and compensation are determined inside companies."
"A few years ago, HR practitioner T. Tara Turk-Haynes hired yoga instructors and meditation gurus to help employees handle burnout at the media company where she worked. She's not doing anything like that today. Wellness perks are no longer "a thing," said Turk-Haynes, now an independent HR consultant in Los Angeles. "Attracting and retaining talent is not a business challenge right now.""
Employers have cut wellness perks, reinstated in-office mandates, and continued layoffs even while profits remain steady. Companies are prioritizing shareholder returns over stakeholder considerations and corporate loyalty. Job openings have thinned, wages have lagged behind inflation, and AI is seen as a threat to whole occupations. Firms are recalibrating promotion and compensation systems to emphasize measurable impact and higher performance expectations. Some workers view these changes as destabilizing while others see a necessary market correction as employer-employee power shifts back toward employers. Executives at major firms are implementing new evaluation programs and urging managers to eliminate old habits and demand greater results.
Read at Business Insider
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