Category Archives: youtube

The Alarming Impact of “Loud Quitting” on Workforce Engagement and Global Economy

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BNN Bloomberg reports that, in a recent Gallup survey, it has come to light that a significant number of workers are engaging in what they call “loud quitting” – showing up for work but actively disengaging and taking actions to harm their organizations. This phenomenon is responsible for a staggering 8.8 trillion dollars in losses to the global economy, amounting to nine percent of the global GDP.

While “quiet quitters” still have a chance of being inspired or motivated to become more productive, the situation is more concerning with “loud quitters.” These employees have become a lost cause, as they demonstrate outright opposition to leadership and the organization.

Managers are faced with the daunting task of dealing with this disengagement crisis, as nearly 60 percent of workers worldwide admitted to quietly quitting their jobs. This leaves less than a quarter of the workforce who are actively engaged and contributing positively to their workplaces.

It’s not just a matter of job dissatisfaction; the lack of engagement is making people miserable, and it is taking a severe toll on the global economy. Addressing this issue and finding ways to re-engage disheartened employees is vital for organizations and economies to thrive in the long run.

London Workers Reluctant to Return to Office

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A recent survey conducted by Bloomberg Intelligence reveals that nearly 75% of London workers prefer the flexibility of remote work and would contemplate quitting their jobs rather than giving it up.

The study, which included responses from 500 employees, highlights that 40% of respondents would require a raise of at least 16% to reconsider returning to the office.

The motivation behind the survey was to gain insights into the employees’ perspective on remote work, especially considering the significant impact it has on various industries, such as real estate with multinational tenants in prime spaces.

The survey’s results indicate a strong desire for remote work among London workers, with 95% already receiving work from home options from their employers.

Moreover, 70% of respondents believe that remote work is here to stay, becoming a permanent fixture in the workplace.

The data also shows a shift in attitudes towards remote work across different age groups. In June 2022, only 44% of the older generation favored permanent work from home arrangements, but that number has now risen to 77%, bringing it closer to the preferences of younger workers.

Various factors contribute to this trend. The survey reveals that reasons for employees preferring remote work include issues such as costly commutes, rail strikes, and overall convenience. Additionally, the opportunity for salary increases is a key consideration for those considering a return to the office. However, networking and knowledge transfer for younger staff are crucial aspects that motivate some employees to come back to the physical office.

The survey’s findings strongly suggest that remote work is likely to remain a dominant feature of London’s workforce. The allure of flexibility, cost-saving benefits, and the ongoing pandemic’s influence have solidified the preference for remote work, indicating a substantial cultural shift in the city’s working lifestyle.

Google Prefers In Office to Work at Home Workers

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Joanne Lipman and Tom Gimbel join Brian Sullivan on CNBC’s Last Call to discuss Google’s decision to implement tough tactics in transitioning from full remote work to a hybrid model.

Lipman acknowledges the argument for returning to the office, highlighting the importance of serendipity and the limitations of productivity during Zoom meetings. However, she cautions that strict mandates requiring employees to be in the office can be arbitrary and may backfire.

Gimbel supports the idea of mandating office attendance, emphasizing the need for leadership and the challenges faced by companies like Google in switching their stance on remote work. He argues that these companies baited and switched their employees, falsely promising a permanent shift to remote work.

The discussion also touches on the consequences of these mandates. Lipman mentions that such policies disproportionately harm women and people of color, who benefitted from the flexibility of remote work, leading to increased participation in the workforce. She warns that forcing employees back to the office would result in losing valuable contributors.

Gimbel counters by suggesting that some employees who haven’t had the opportunity to work remotely should be considered. However, Lipman cautions that discriminating against those who prefer remote work or have limited face time in the office may result in losing talented individuals.

Transcription Jobs Outlook in 2023

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In this video, Jennifer Marie discusses the current state of transcription job opportunities in 2023. She addresses the question of why she hasn’t been posting about transcription jobs lately and shares her observations on the availability of work. Jennifer highlights that there is currently a shortage of transcription jobs, with many companies either not hiring or placing individuals on waiting lists. She debunks misleading claims from certain YouTube videos that promise high earnings, stating that transcription requires a lot of work and doesn’t make you rich overnight, mentioning CastingWords, CrowdSurfWork, TranscribeMe, Scribie, Rev, and other companies.

Jennifer provides details about each platform, including the availability of work, pay rates, and country restrictions for application.

Additionally, Jennifer suggests alternative options for finding transcription work outside of dedicated platforms. She mentions websites like Upwork, Freelancer, LinkedIn, Fiverr, and PeoplePerHour, where freelancers can search for transcription gigs or create their own gigs to offer transcription services. Jennifer notes that the transcription job market has become more competitive due to advancements in AI transcription software, but human transcription still offers better accuracy in certain cases.

Jennifer concludes the video by sharing her thoughts on the current state of transcription jobs and expressing her commitment to sharing more opportunities as she comes across them. She encourages viewers to check out her transcription playlist for further learning and invites them to subscribe to her channel for future tutorials.

Overall, Jennifer provides valuable insights into the transcription job landscape in 2023, offering viewers a realistic view of the opportunities available and guiding them towards platforms that are actively hiring.