HR STRATEGY

Credit: Morning Brew Design, Photos: Adobe Stock

Some employees at fintech company Betterment may very well get the best of both worlds when it comes to where they work.

Betterment has roughly 400 employees who commute to its New York City headquarters four days a week, while another 200 employees work remotely across the country. But its predominantly in-office employees are given a reprieve every summer, when they’re allowed to work remotely from July 1 through Labor Day, Justin Joiner, Betterment’s senior director of workplace experience, told HR Brew.

“It really was implemented to really strike the balance in that in-office culture that is very strong at Betterment, but also recognizing that flexibility is needed in the summer when people have the different family and personal logistics to work around,” Joiner said. “We do feel that it highlights the value of the in-office culture.”

For more on Betterment’s summer flexibility policy, keep reading here.—MC

      

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TECH

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More than 200 economists, technologists, and AI researchers and wonks are urging businesses, AI developers, and policymakers to move more quickly to prepare for the broader impacts of the AI transformation on the economy.

Signatories to a new statement, “We Must Act Now,” noted that the technology’s potential impact on the labor market could reshape how work gets done and by who (or what?) on a far shorter timeline than previous industrial shifts (e.g. the Industrial Revolution), leading to more rapid worker displacement and stresses on the health of the overall economy.

“Economists, policymakers and technology leaders must act now to understand the economics of transformative AI and to build the incentives, guardrails, and institutions needed to steer AI in a direction that complements humans and benefits society,” the statement reads.

The statement published Monday has been signed by more than 2,000 petitioners including Nobel laureates, and leaders from OpenAI, Anthropic, and other technology organizations. Stanford economist Erik Brynjolfsson, who has been studying the impacts of AI on the workplace and economy for years, organized the project.

For more on what HR can do to prepare for AI’s impacts, keep reading here.—AD

      

RECRUITMENT & RETENTION

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Healthcare leaders are urging the Trump administration not to revoke work permits for immigrants from Haiti, and several other countries, who have Temporary Protected Status (TPS).

The status is a designation that allows foreign nationals to stay and obtain a work authorization document in the US if the federal government deems their country of origin to be too unsafe for them to return.

Haitians with TPS are set to lose their authorization to work on July 24, according to US Citizenship and Immigration Services, an extension from a previous July 10 expiration. Workers from six other countries, including Syria and Ethiopia, lose TPS on July 17.

Leaders say the potential losses threaten a workforce that’s already struggling to maintain adequate staff in the face of burnout and a rapidly aging population.

For more on how TPS expirations may exacerbate the healthcare worker shortage, keep reading on Healthcare Brew.—CC

      

work perks

Francis Scialabba

Today’s top HR reads.

Stat: Workers in the US, UK, and Australia spend 6.4 hours per week “botsitting,” or overseeing and correcting AI-produced work. (Inc.)

Quote: “I believe the productivity gains began coming out of Covid with the digitization of work, remote work and the implementation of machine learning—and we’re just scratching the surface on AI.”—Henry McVey, an investment chief at private equity firm KKR, on how US worker productivity has grown over the last several years (the New York Times)

Read: Former Meta employees sued the tech company over allegations that the AI it used to conduct a recent round of layoffs violated discrimination laws. (the Wall Street Journal)

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