Why employee loyalty can be overrated | Warner Bros. suspends deals with Mindy Kaling, J.J. Abrams and other top creators | Delta Announces Tom Brady As Its Newest Employee — Here's What the Football Star Will Be Doing

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You Might Like � � � You Might Like � � � � � � � � � Don't like ads? Go ad-free with TradeBriefs Premium Why employee loyalty can be overrated - The Economist    Job interviews are an opportunity to see allegiances shift in real time. A candidate will usually refer to a prospective employer as “you” at the start of an interview (“What do you want to see from someone in this position?”). But occasionally the pronoun changes (“We should be thinking more about our approach to below-the-line marketing. Sorry, I mean ‘you’ should be”). That “we” is a tiny, time-travelling glimpse of someone imagining themselves as the employee of a new company, of a fresh identity being forged and of loyalties being transferred. Loyalty is seen as a virtue in most situations: among friends, family and football fans. Employee loyalty, however, is more complex. It is more transactional. Friends don’t give each other performance reviews or fire each other for cost reasons. It is less reciprocal. A worker can feel attachment to a company and a company can feel precisely nothing. (Which is why people often feel more loyal to team members and individual bosses than to their organisations.) And too much of it can impose high costs. Wage bumps and careers are built on people changing jobs. According to the Federal Reserve Bank of Atlanta, which tracks wage growth in America, in April job switchers were being paid 7.6% more than a year earlier; job stickers were being paid only 5.6% more. A little promiscuity on the part of other people can help those who choose to stay where they are. A paper by Nathan Deutscher, a Treasury official in Australia, found that higher rates of job-hopping in local Australian labour markets were associated with faster wage growth both for workers who switched jobs and for those who did not. Loyalty is nice; so is bargaining power. Continued here You Might Like � � � � � � � � � Warner Bros. suspends deals with Mindy Kaling, J.J. Abrams and other top creators - NBC News    Warner Bros. Discovery on Wednesday suspended deals with some of the most high-profile writers in the television industry, including Mindy Kaling, "Lost" co-creator J.J. Abrams and "Ted Lasso" co-creator Bill Lawrence, a studio source said. The Writers Guild of America strike is entering its fifth month — with no end in sight. Hollywood's scribes and major studios, such as Warner Bros., are locked in a battle over wages and other issues, including protections against the use of artificial intelligence. Warner Bros. is halting payments to the A-list writers for the duration of the strike, people briefed on the matter told The New York Times. NBC News has not independently verified that information. Continued here You Might Like � � � � � � � � � Delta Announces Tom Brady As Its Newest Employee — Here's What the Football Star Will Be Doing - Travel + Leisure    Stacey Leasca is an award-winning journalist and co-founder of Be a Travel Writer, an online course for the next generation of travel journalists. Her photos, videos, and words have appeared in print or online for Travel + Leisure, Time, Los Angeles Times, Glamour, and many more. You'll usually find her in an airport. If you do see her there, please say hello. On Wednesday, Delta Air Lines announced it’s bringing on Brady as a long-term strategic adviser. What exactly will Brady do in the new role? What he does best — inspire people.   “Delta’s people are driven by their commitment to world-class performance, excellence, and a desire to achieve best-in-class results,” Ed Bastian, the CEO of Delta, shared in a statement. “Bringing a leader like Tom onto the Delta team furthers our mission to connect the world while accelerating our drive to continuously improve for our colleagues, customers, and communities.” Continued here

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