{"id":14001,"date":"2023-09-15T18:51:02","date_gmt":"2023-09-15T18:51:02","guid":{"rendered":"https:\/\/mysourcefunding.com\/leadership\/uaw-strikes-against-the-big-three-the-coming-child-care-cliff-and-ges-culp-speaks\/"},"modified":"2023-09-15T18:51:04","modified_gmt":"2023-09-15T18:51:04","slug":"uaw-strikes-against-the-big-three-the-coming-child-care-cliff-and-ges-culp-speaks","status":"publish","type":"post","link":"https:\/\/mysourcefunding.com\/?p=14001","title":{"rendered":"UAW Strikes Against The Big Three, The Coming Child Care Cliff And GE\u2019s Culp Speaks"},"content":{"rendered":"
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This is the published version of <\/em>Forbes‘ Future of Work newsletter, which offers the latest news for chief human resources officers and other talent managers on disruptive technologies, managing the workforce and trends in the remote work debate. Click here to get it delivered to your inbox every Friday!<\/em><\/p>\n

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A<\/abbr>s I write this Friday morning, the United Auto Workers is officially striking against General Motors, Ford and Stellantis after failing to secure a last-minute deal before a midnight deadline. The unprecedented stoppage, which initially targets one plant at each of the automakers, is the first to hit the Big Three all at once.<\/p>\n

The move comes amid headcount reductions at all three of the companies, which have offered employees buyouts over the past year. They\u2019re hardly alone: From automakers to venture capital-backed unicorns (Airtable cut 27% of its headcount Thursday) to tech giants like Google (which shed hundreds of recruiting jobs, according to media reports), the layoffs continue. Some are wondering what all the job cuts could mean for tech\u2019s culture.<\/p>\n

It\u2019s not all dire news on the job front: Even if the market is cooling, it\u2019s been resilient nonetheless, and demographic trends still mean employers are likely to face what contributor Roberta Matuson calls the \u201cforever labor shortage,\u201d as labor force participation is expected to continue falling over the next decade with Baby Boomers retiring and the number of Gen Z workers getting smaller. It\u2019s going to be an interesting ride, for sure.<\/p>\n

That\u2019s all from me until Sept. 29\u2014we\u2019ll be taking a one-week hiatus from this newsletter for a short break. For now, hope it\u2019s a great weekend.<\/p>\n

ARTIFICIAL INTELLIGENCE<\/strong><\/h3>\n

Tech billionaires Meta CEO Mark Zuckerberg, Tesla CEO Elon Musk and former Microsoft CEO Bill Gates met with lawmakers Wednesday in a closed-door AI forum to discuss broad regulatory frameworks for AI. They warned of the existential dangers that could come with the uncontrolled advancement of the booming technology, reports Forbes<\/em>\u2019 Antonio Peque\u00f1o IV.<\/p>\n

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Contributor Allison Dulin Salisbury argues that AI demands a new kind of on-the-job learning, and that employers will \u201cneed to step up their strategy and skilling investments in a big way to account for how AI is going to exacerbate an already turbulent talent market.\u201d<\/p>\n

POLICY + PRACTICE<\/strong><\/h3>\n

The IRS announced an immediate moratorium on processing new Employee Retention Credit claims, a Covid-era relief program meant to prevent layoffs in the early months of the pandemic, citing rampant fraud. The agency says the pause, which will run through at least the end of the year, is meant to protect honest small business owners from scams, reports Forbes<\/em>\u2019 Kelly Phillips Erb.<\/p>\n

Contributor Allison Robinson argues that employers need to care more about the coming childcare cliff, as this month marks the end of childcare funding via the American Rescue Plan. The act\u2019s expiration means the withdrawal of $24 billion in federal funding for childcare; without those, more than 3 million American children may lose access to care.<\/p>\n

WHAT\u2019S NEXT: SALESFORCE INTERIM CHIEF PEOPLE OFFICER NATHALIE SCARDINO<\/strong><\/h3>\n

Contributor Jack Kelley spoke with Salesforce\u2019s interim chief people officer, Nathalie Scardino, about its use of AI in recruiting, its internal talent marketplace and its summer internships that offer AI training. Read more from their interview here.<\/p>\n

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FACTS AND COMMENT<\/strong><\/h3>\n

The Forbes<\/em> Power Women\u2019s Summit took place Thursday, with high-profile names from business, sports, entertainment and government taking the stage to share their career lessons learned and views on leadership. In a panel discussion about pay transparency, CEO and founder of the nonprofit Moms First<\/a> Reshma Saujani spoke with Forbes\u2019<\/em> Kristin Stoller and UKG Chief People Officer Pat Wadors about the issue.<\/p>\n

6%:<\/strong> Percentage pay raise men receive for every child they have, according to Reshma Saujani, citing research that was done by sociologist Michelle Budig. Meanwhile, she said, every time a woman has a child, her pay goes down 4%.<\/p>\n

40%: <\/strong>Percentage of parents who said they have gone into debt because of child care expenses, according to Saujani. The data appears to come from a 2021 survey of 2,000 parents by personal finance site The Penny Hoarder.<\/p>\n

\u201cFor so long we\u2019ve talked about pay equity as a women\u2019s problem,\u201d Saujani said. \u201cWe\u2019re not the problem. They are. We have to start talking about it differently.\u201d<\/p>\n

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STRATEGIES + ADVICE<\/strong><\/h3>\n

Sometimes, it really does help to use \u201c<\/strong>weak language.\u201d<\/p>\n

It\u2019s a myth that inclusive teams hinder innovation. Here\u2019s why.<\/p>\n

How to stop <\/strong>overthinking, overworking and overgiving at your job.<\/p>\n

VIDEO<\/strong><\/h3>\n

Inside The New GE With CEO Larry Culp<\/p>\n

Watch<\/strong><\/p>\n

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QUIZ <\/strong><\/h3>\n

We might focus on the future of work<\/em> in this newsletter, but many talent leaders\u2014and certainly the people who work for them\u2014dream of what comes after all those years of work are over. Forbes<\/em> just published its list of the best places to retire. Which one of these cities made the list?<\/p>\n

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  1. Fort Lauderdale, FL<\/li>\n
  2. Annapolis, MD<\/li>\n
  3. Phoenix, AZ<\/li>\n
  4. Greenville, SC<\/li>\n<\/ol>\n

    See the right answer <\/strong>here<\/strong>.<\/strong><\/p>\n

    Thanks for reading! Follow us on Twitter<\/a> for by-the-minute updates on the latest business and financial news throughout the day.<\/p>\n<\/div>\n