Tables of Contents History of the WorkweekWhat Is a Shorter Workweek?What Is a Four-Day Workweek?How Does Work Impact Employee Mental Health?Pros and Cons of a Shorter WorkweekEmployer Data on Shorter WorkweeksCompanies with a Four-Day Workweek Ask managers and employees how much time they spend actually working at work, and their responses may be the same: not as much as they should be. There’s even a name for it: Parkinson’s Law, which states that work fills the time allotted to it. One of the biggest culprits in lost productivity is cyberloafing, which can account for hours during the workday. Employers have […]

Multigenerational workplaces come with unique challenges and opportunities. On the one hand, each generation’s attitudes about workplace culture may differ, sparking friction between employees from different generations with clashing communication styles and expectations. On the other hand, an organization of multiple generations enjoys the benefit of multiple perspectives and insights. Today’s American workplaces consist of people from different generations working together. According to a 2018 Pew research study of the U.S. labor market: Members of the silent generation (1928-1945) represented 2% of workers.Baby boomers (1946-64) represented 25%.Generation Xers (born 1965-80) represented 33%.Millennials (born between 1981-96) represented 35%.Generation Zers or post-millennials […]

Tables of Contents Entrepreneurs’ Job DescriptionEntrepreneurship StatisticsHow Much Do Entrepreneurs Make?The Many Rewards of Succeeding as an Entrepreneur One unexpected — and positive — impact of the COVID-19 pandemic is a steep rise in the number of people choosing to start a business. The U.S. Census Bureau reports that the number of new business applications and formations increased by 24% in 2020, the largest year-to-year increase in the 15 years the bureau has tracked them.The trend marks the end of a 40-year decline in entrepreneurship in the U.S., according to The New York Times, which notes that in 1980, new […]

Economies are powered by innovation. Much of that innovation derives from forward-thinking individuals who possess the drive, skills, and background to turn a business vision into reality. The importance of entrepreneurs extends beyond the effect those individuals have on their own companies, however. They impact their broader communities, and, in some cases, even the world. Entrepreneurs have played a pivotal role in the growth of the U.S. economy since the 19th century. They spur industry transformations, create entirely new markets, and help to build resilient communities. Investopedia describes four ways entrepreneurs benefit society: The companies that entrepreneurs found tend to […]

Now more than ever, companies are taking a good hard look at their leadership teams and evaluating them on a different criterion. It’s no longer simply a matter of being educated or experienced. The evolution of the marketplace dictates a corresponding evolution in corporate leadership, which has executives asking themselves, “Is our company diverse enough?” More specifically, they want to know if they have enough diversity in leadership roles. Not all managers are created equal, but the great ones always have those key qualities that make them effective leaders. They are highly proficient communicators, critical thinkers, adept at decision-making and […]

By 2025, 36.2 million Americans will work remotely, according to a report on the future workforce by Upwork. Remote work is nothing new, and trends indicate continued growth for remote workers and increased demand for virtual leadership skills. Gallup reports that remote workdays for U.S. workers have doubled since the COVID-19 pandemic began.A total of 45% of U.S. jobs can possibly be virtual, according to a report on the COVID-19 labor market from the U.S. Bureau of Labor Statistics. Experts say remote work, also known as telecommuting, will continue even after the pandemic restrictions are lifted and employees are able to return to the office. Gartner reports that […]

Project management is a dynamic and growing field that spans almost every industry. By 2027, employers are projected to need 87.7 million professionals working in project management roles, according to the Project Management Institute (PMI). Businesses recognize that an effective project manager with the right combination of education, background, and skills can drive innovation and positively impact the company’s bottom line. Professionals who are interested in learning more about project management, and how different project management styles translate to business success, can prepare for the rising number of opportunities in this field by earning a master’s in management and leadership. Why […]

Looking to mitigate the risk of another savings and loan crisis, subprime mortgage meltdown, or billion-dollar Ponzi scheme, more American businesses are focused on instituting ethical leadership. Business leaders who engage in unethical behavior can leave companies and their cultures forever blemished. Their unprincipled decisions erode profits, sully brand names, and damage relationships with clients, employees, and investors. Ethical leadership in business matters today because its positive effects can permeate a number of areas, from hiring and accounting practices to managing product development and customer data. Also, companies with ethical leaders and practices tend to perform better, according to Ethisphere. […]