Welcome to your weekly dose of business news! This week, we're covering everything from unconventional workplace dynamics to the latest trends in TV viewership. Let's dive in.
Working with Your Spouse: A Risky Business?
Ever thought about hiring your spouse? Sabina Hitchen did, and it worked out – with a little help. During the pandemic, when her husband was looking for work, she brought him on board at her company. But before signing the offer letter, they sought therapy to navigate the unique challenges of mixing personal and professional lives. They also work in separate locations. "It's crucial to set boundaries," Hitchen says. "Knowing when to switch from 'colleague' to 'spouse' is key."
This isn't for everyone, but it's a testament to how businesses are adapting to new realities and priorities.
Wall Street's Big Bucks: Who's Earning What?
Wondering what the financial elite are taking home? Prospect Rock Partners surveyed over 900 investment bankers, from analysts to managing directors, giving us a peek into their 2024 compensation packages. From base salaries to juicy bonuses, the numbers are in! If you're considering a career on Wall Street, or just curious about the earning potential, this data is a must-see. The survey reveals some surprising trends in how firms are rewarding their talent.
Meta's HR Practices Under Scrutiny
A recent Business Insider report has shed light on Meta's internal "block" lists, sparking debate among HR professionals. The existence of these lists, used to manage internal communications and access, has raised eyebrows, with one former Google HR chief reportedly saying, "I've never heard of anything like this." Other companies like Nike are also part of the discussion. The controversy highlights the complexities of managing employee interactions and content moderation in large tech organizations.
TV Ratings Rebound: Streaming to the Rescue
TV viewership has been on a steady decline, but there's hope! The solution? Streaming. By streaming major, live TV shows on popular platforms like Hulu, networks are finding a way to reach viewers where they are. It seems obvious now, but as one industry insider put it, "It took the TV guys forever, but they finally figured it out."
Adapting to changing viewing habits seems to be the key to boosting those all-important ratings. It is a significant shift in how content is distributed and consumed.
That's all for this week's business news roundup. Stay tuned for more updates!