TOTAL REWARDS

Timothy A. Clary/Getty Images

When SpaceX went public on June 12, some 4,400 employees were expected to become millionaires, according to an analysis shared on X by the founder of Hill Markets, an investment platform.

Now that SpaceX has officially debuted with the biggest IPO in history, employees that have amassed equity in the company over the years have to figure out what to do with shares worth millions of dollars.

Employers can offer a variety of benefits to support workers with equity after a major liquidity event like this, sources told us. In addition to helping employees manage a windfall of new wealth, HR teams have to consider how to retain these workers, as well.

For more on how HR can help employees navigate post-IPO, keep reading here.—CV

      

From The Crew

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TECH

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Meta has paused a controversial employee monitoring program after it discovered the program left potentially sensitive information, collected by employee hardware, accessible to all Meta employees.

Meta’s Model Capability Initiative (MCI) left transcriptions, employee conversations, and performance data accessible inside the company, first reported by Business Insider. And, according to Quartz, one employee’s personal tax and medical records.

The discovery represented an unfortunate confirmation of some Meta employees’ fears expressed in the wake of the program’s launch in April. Meta announced the initiative to support development of Meta’s AI modeling, collecting employee keystrokes, mouse activities and clicks, and even occasional screenshots as training data.

For more on how Meta is handling setbacks amid its AI transformation, keep reading here.—AD

      

TOTAL REWARDS

Brittany Holloway-Brown, Photos: Adobe Stock

The print automation company Vasion is currently “prioritizing growth,” its chief people officer, Melissa Knotts said. This growth “depends on a strong employee base, particularly managers.”

In order to better support the company’s growing employee population, Vasion recently added mental health benefits from the platform Modern Health to its total rewards package. All of Vasion’s 425 employees now have access to six coaching and six therapy sessions, in addition to offerings such as community circles and enhanced employee assistance programs, she said.

Knotts said her team wanted to invest in an offering that the entire global workforce could take advantage of, regardless of location—with specific support for managers. While Vasion is headquartered in St. George, Utah, it has offices in Europe and Australia, as well.

For more on mental health benefits at Vasion, keep reading here.—CV

      

work perks

Francis Scialabba

Today’s top HR reads.

Stat: Many younger workers between ages 21 and 44 own a car worth more than their retirement savings. (Investopedia)

Quote: “It’s just not enough money to get by with the way rents and fuel prices and other costs are…The cost of living has moved so far away from that $7.25 an hour.”—University of Wisconsin-Madison professor Laura Dresser on recent efforts to raise the Badger State’s minimum to $20 per hour (Wisconsin Public Radio)

Read: Some older tech workers are exiting the workforce prematurely amid widespread layoffs and AI disruption. (the Seattle Times)

Friday Quiz

Amelia Kinsinger

The week’s biggest HR stories, now in quiz form. Test yourself on the latest headlines in DEI, hiring trends, workplace strategy, and more in a quick, competitive challenge built for HR pros. Challenge your coworkers and see how your score stacks up!