TOTAL REWARDS A proposed compensation package that could make Tesla CEO Elon Musk the world’s first trillionaire has drawn critics ranging from the electric vehicle maker’s own investors to Pope Leo, who decried wealth disparities in a recent sermon. If this story sounds familiar, it’s because the Tesla board has already tried once to push through a massive pay package, valued at $56 billion, that was ultimately invalidated by a Delaware court. Tesla is appealing that decision, but in the meantime, the board plans to put to a vote an even bigger awards package at the company’s annual shareholder meeting in November. This comes amid declining sales at the EV maker, whose US market share dropped to the lowest level in nearly eight years in August. The proposed package is not likely to look familiar to HR professionals who have worked on executive compensation, as the board thwarted traditional benchmarking standards in designing it. For more on why the proposed package bucks executive compensation norms, keep reading here.—CV | | |
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Presented By Noom According to the CDC, a little over 11% of Americans have diabetes. This is a serious and costly health issue, and employers and HR decision-makers should be mindful of what they can offer to those who deal with diabetes every day. Noom wants to help. They provide lifestyle support for folks with diabetes, with tools and resources designed to help members build healthier habits, manage their blood sugar, and improve their A1C. Noom offers: - tailored learning paths to help people build healthier habits and manage common challenges
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Healthier, happier employees have positive business outcomes, including higher productivity rates and reduced overall healthcare costs. Book a strategy session here. |
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TECH A group of 40 economists are calling on the federal government to bolster its efforts to collect employment data related to artificial intelligence. The move comes amid a leadership shake up at the country’s leading agency tasked with overseeing how the federal government collects and analyzes data related to the economy. President Trump last month fired Bureau of Labor Statistics (BLS) commissioner Erika McEntarfar, following a number of disappointing jobs reports, sparking concerns that the moves could further erode trust in the agency. The open letter to Secretary of Labor Lori Chavez-DeRemer was drafted in partnership with the Americans for Responsible Innovation, a nonprofit advocacy organization, focused on emerging technologies like artificial intelligence. For more on why economists are calling for more AI data, keep reading here.—AD | | |
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DEI Japan will raise the disabled worker quota from 2.5% to 2.7% next summer, and it’s causing concern for some employers. Like countries including Brazil and India, Japan uses hiring quotas to encourage employers to hire more disabled workers. The requirements went into effect in the 1970s with a quota of 1.5%. More than 40 years later, just 46% of employers currently meet or exceed the target disability representation rate, and employers that don’t meet the quota have to pay a fine, according to the Financial Times. In a country of roughly 124 million people, there are nearly 700,000 disabled workers, but businesses struggle to find workers to fill the quota, according to the HR Digest. The country and its employers have also taken steps toward disability inclusion, by incorporating assistive technology and educating non-disabled workers, the Japan Times reported. However, employers still face hurdles as they try to meet their hiring targets. For more on why disabled workers in Japan are struggling to find accessible, meaningful jobs, keep reading here.—KP | | |
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WORK PERKS Today’s top HR reads. Stat: Almost one in three US workers feel hopeful about their financial futures, down from 60% in 2024. (Nudge) Quote: “The job search is speeding up because there’s a better match between job seekers, the types of jobs that they are going after and what employers are looking for from them.”—Nicole Bachaud, labor economist at ZipRecruiter, on the shorter hiring turnaround time (CNBC Make It) Read: The Department of Labor is hiring back some workers who took voluntary buyouts earlier this year. (Bloomberg Law) Care-first approach: Noom provides lifestyle support for folks with diabetes, with tools and resources designed to help members build healthier habits, manage their blood sugar, and improve their A1C. To learn more, book a strategy session here.* *A message from our sponsor. |
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EVENT AI is reshaping recruiting, but not without raising big questions. From fairness to ROI, candidates and HR leaders alike are debating what role technology should play in the hiring process. On Oct. 21, join Arsham Ghahramani, co-founder and CEO of Ribbon AI, for a discussion on what should stay human in hiring—and where AI can truly add value. Be part of the conversation in New York or virtually. Grab your ticket now. |
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