ON THE JOB FRONT
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1 in 10 Office Leases Are About to Expire, Forcing Some Companies to Decide if Workers Should Return to Offices |
About 243 million square feet worth of office leases - approximately 11% of the country's total leased office space - is set to expire across the country this year, a 40% increase from 2018 and the highest since property manager JLL began tracking the data in 2015. This year won't be an outlier, either; the volume of lease expirations is projected to exceed 200 million square feet annually through 2025. At the same time, office occupancy is still in the 40% range in some of the biggest markets in the country, according to the weekly occupancy report from Kastle Systems, which monitors card swipes in office buildings. Given the slow pace of Return to Office, leaders will have to figure out how many employees they want back In the office full-time, and how many can stay home or work hybrid [as they renegotiate their leases]. (https://www.kornferry.com/insights/this-week-in-leadership/return-to-office-the-moment-of-truth)
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Why Hiring Back Boomerang Employees Can Help with Retention |
The number of people leaving their jobs has never been higher — more than four million people have quit their job each month of 2022 according to the US Labor Department. But even as this Great Resignation remains underway, organizations have started to see a new trend emerge: the boomerang employee. According to a new report by software company UKG, more than 40% of employees say they were better off at their former job, and in fact, 20% of employees who resigned during the pandemic have already returned or "boomeranged" to their prior company. These types of employees were once shunned by HR departments. Pre-pandemic, more than 50% of departments even had active policies against re-hiring former employees. But in the ongoing war for talent, organizations have rethought this stance, and instead have started building programs that leave the door open in the chance that employees might come back. (https://chief.com/articles/boomerang-employee)
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Each Tech Worker Supports an Additional 4.4 Local Jobs: Research |
According to a recent report from the Bay Area Council Economic Institute, every "high-tech worker" supports another 4.4 local, or "non-tradable" jobs - i.e., the trash collectors, carpenters and surgeons of the world. How can high-tech jobs have such an outsized impact? For one, they're especially well paid - according to a Technical.ly assessment from earlier this year, tech jobs have grown as a share of high-income earners in each of a dozen US cities evaluated. Those jobs are well paid because they tend to be highly productive - a scientist, software engineer and data scientist can typically do a job once and have their work used again and again, but a carpenter really can only frame one house at a time. High-tech skills are also in relatively short supply, so demand for them is high. Another reason high-tech jobs tend to be well paid is exactly because they can be done elsewhere: They're globally competitive. Competition tends to make professionals continuously sharpen their skills. Skill sharpening is a kind of innovation, which is a way to describe productivity gains, which is how we tabulate economic growth. (https://technical.ly/civic-news/why-exactly-do-tech-jobs-matter)
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TECH INDUSTRY TRENDS
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PC Supply Chains Are 'Back to Normal,' Dell CFO Says |
The supply chain for personal computers is back to normal after years of logistics disruptions, Dell Technologies Inc. CFO Tom Sweet said. Many component costs are getting cheaper as availability has improved, and demand has weakened. Dell is working on clearing its inventories before being able to take advantage of more favorable component prices, he added. Many manufacturers are offering aggressive discounts to help clear inventories faster, mostly on consumer products, according to Sweet. Supply chains issues for servers have been harder to shake due to semiconductor shortages, he noted. However, this tightness should begin to ease in the fourth quarter. (https://www.bloomberg.com/news/articles/2022-09-08/pc-supply-chains-are-back-to-normal-dell-cfo-tom-sweet-says)
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Next USB Standard Will Double Existing Speeds, Even with an Older Cable |
There's a new, super-fast, version of USB 4 on the horizon and you won't even have to buy a new cable to take advantage of it. The USB Promoter Group announced that the next-gen USB Version 2.0 standard is "pending release" and will double the bandwidth of existing USB 4 connectors, from 40 Gbps to up to 80 Gbps. Amazingly, the new standard is also backwards compatible with previous USB 4 cables. This means that existing USB-C cables capable of 40 Gbps will also get the faster speeds when the new standard becomes available. (https://www.engadget.com/usb-4-version-2-194625034.html)
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Electrify America Wants to Make EV Chargers as Easy to Use as Gas Pumps; MEANWHILE, Google Maps Can Now Pick the Most Efficient Route for EVs |
Electrify America is debuting changes to its EV charging network - seeking to be similar to gas station experiences - that include additional charging level labels, balanced maximum charging, and streamlined payment options. "We want to help make the transition to EV charging easier by translating kilowatt ratings into simple names like Hyper-Fast and Ultra-Fast with corresponding colors to help them make a selection at the charger," said Robert Barrosa, Electrify America's director of business development. (https://www.engadget.com/electrify-america-10000-chargers-us-canada-by-2026-140040719.html)
MEANWHILE, Google Maps Can Now Pick the Most Efficient Route for EVs: Google Maps' newest feature will let you pick your car's engine type, with "Gas," "Diesel," "Electric," and "Hybrid" available as options for the eco-route planner to consider. Google says, "in the coming weeks," the feature will roll out to the US, Europe, and Canada. Google says picking an engine type will allow it to "get the best route and most accurate fuel or energy efficiency estimates. (https://arstechnica.com/gadgets/2022/09/google-maps-can-now-pick-the-most-efficient-route-for-evs/)
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Survey: 26% of Car Buyers Would Consider An Apple Car |
Strategic Vision recently released the results of an annual study that this year reached 200,000 new-vehicle owners. For the first time, the consulting firm included Apple among the more than 45 brands it surveyed consumers about. The findings: 26% said they would "definitely consider" buying a set of wheels from the iPhone maker, behind only Toyota and Honda. And 24% ticked the top box ("I love it") when asked their impression of the quality of the brand, beating all others by a wide margin. That's serious brand power and suggests there would be significant appetite for autos alongside all those phones, computers, watches and television boxes. (https://www.bnnbloomberg.ca/apple-s-car-is-beloved-before-it-even-exists-1.1813879)
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SoCalGas, UCI In Hydrogen Gas Project |
Southern California Gas and the University of California, Irvine said they are in a "proposed collaboration" around clean, renewable hydrogen which can be blended into the campus natural gas system. According to the two, the project will help better understand how clean fuels like renewable hydrogen could be delivered at scale through California's existing natural gas system, either to existing customers connected to the gas grid, or to generate clean electricity in zero-emissions fuel cells. The new project will use hydrogen generated through something called an "electrolyzer," which converts water into hydrogen. They said the demonstration project would power existing residential and light commercial equipment, including water heaters, boilers, furnaces, and ovens in academic buildings, student amenities, and housing. (https://www.socaltech.com/fullstory/0082883.html)
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TECH INDUSTRY & GOVERNMENT
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White House Puts Forth Six Principles to Reform the Tech Sector |
President Biden's administration has recently proposed six principles to mitigate the damage done by the technology industry. These principles, which are intended to increase responsibility in the tech sector, are: Competition; Privacy; Youth Mental Health; Misinformation and Disinformation; Illegal and Abusive Conduct (including sexual exploitation); and Algorithmic Discrimination and Lack of Transparency. Anti-competitive business practices and privacy violations at the expense of average users were two of the most important issues discussed by experts in the recent listening session at the White House. (https://www.spiceworks.com/tech/tech-general/news/big-tech-reforms-proposed/)
ALSO, the White House said the U.S. needs "clear rules of the road to ensure small and mid-size businesses and entrepreneurs can compete on a level playing field." (https://www.reuters.com/world/us/white-house-encouraged-by-interest-congress-pass-big-tech-legislation-2022-09-08/)
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