Alternatives To Annual Pay Raises Are Now Being Explored

A recent online article that I read today explores alternatives to annual pay raises that employers can offer to their employees.


An important initiative that the article’s author recommends for employers to consider doing is to improve advancement opportunities for employees. Instead of offering annual pay raises after performance reviews, it is suggested that job promotions that come with pay increases be provided every few years.


The author of the article states that employees that have job goals to work towards will feel more motivated, and put more effort into their jobs.


Increasing job flexibility is something that can lead to an increase in employee satisfaction, according to the author of this article. It is also stated that providing more job flexibility does not significantly increase the costs of workplace benefits programs.


Offering voluntary benefits and flexible paid time off options are other initiatives that are recommended in this article. Voluntary benefits such as discounts on movie tickets, and auto or home insurance are now available in many workplaces.


While it is good to have goals to work towards, I think that most people in today’s world would rather receive an annual pay raise. For lots of workers all over the world, there is no such thing as an annual raise. Because job loyalty is not as prevalent as it used to be, and so many people live paycheck to paycheck, the annual raise option usually looks good to most employees.





Business In America During Trump Administration

There is a fascinating article about where the American economy may be headed during Donald Trump’s presidency on the BBC website. It is noted in the article that Trump spoke often during the campaign about his desire for tax cuts along with more spending on infrastructure, and he is likely to follow through on this plan now that he has the power to do so.


Cutting taxes, however, probably means more borrowing by the government. While taxes cuts would be popular with the now Republican-controlled Congress, more debt wouldn’t be at all, so perhaps Trump won’t be able to accomplish all that he wishes in this regard. Speaker of the House Paul Ryan, in particular, is known for being against increasing the deficit.


One interesting observation in the article is Trump’s plans would likely put the major responsibility for the continued economic recovery of the nation in the hands of the White House rather than the Federal Reserve. However, this may not sound so bad to Federal Reserve chairwoman Janet Yellen because it would give her the option to raise interest rates and thereby give herself the chance to lower them in the future if the economy takes a downturn.


It is mentioned that while the economy recovered somewhat from the crash of 2008 during Obama’s administration, this was a sluggish process, especially in rural areas. Discontent in the heartland about the situation was a big factor in Trump winning the election.


What Business Insights Can Trump Voters Offer?

Recently William Saletan of Slate studied exit polling to ascertain whether Trump voters offer any intriguing insights. His discoveries, carried on the Business Insider website, may come as a surprise to some economic analysts. The President-Elect will reportedly reveal plans during an interview on 60 Minutes to immediately deport between 2 million and 3 million illegally present foreign nationals from the United States, an action which will certainly hold ramifications for many businesses.


Mr. Saletan discovered that the President-Elect did not fare as badly with some minority groups as media experts had predicted. These results suggest that some media characterizations of Donald Trump’s campaign as racist and completely offensive to minorities did not prove accurate.


A desire for significant change evidently motivated the vast majority of his supporters (he garnered 83% of votes from people leaving polling places who expressed a desire for change). Donald Trump won 2% more Black voters than Mitt Romney in 2012 and obtained 31% of votes cast by people born in other nations. He also carried 2% more Latino votes than Romney, winning 29% of Latino voters. Although he won fewer votes from women than Mrs. Clinton, his female vote fell just 1% shy of Republican Mitt Romney’s tally in 2012.


The evaluation of exit poll data also revealed a significant tolerance among Trump voters for the candidate’s rudeness and temperament issues. Mr. Saletan reports a high percentage of voters supported the Republican nominee despite considering his temperament poor.


Business Insider: Delta Airlines Is Doing Great

There is an interesting article about how Delta airlines is introducing a new premium economy class of service that will be available on Delta’s new fleet of Airbus A350 planes. The author uses the topic of Delta’s new service as a springboard to a wider discussion about how traditional airlines in the United States have adapted and evolved to meet the needs of modern customers.


In the early 2000’s, according to the article, legacy airlines such as Delta and United struggled financially because of consumer fear of flying in the wake of 9/11 and the ailing economy. Therefore, they began to pay careful attention to what their customers wanted, and it paid off. Today, Delta is thriving financially and approximately 180 million people fly on their planes a year.


One thing that the airline learned is that, when it comes to service classes, having more product segmentation than in the past is crucial. The era when passengers had to choose between Business, Economy and Coach is gone; today it’s all about options. Another thing Delta and other airlines in the United States learned to do is offer consumers who are searching for budget flights many avenues for finding and booking flights online.


Personally, I find this article inspirational. I’m happy to see that longstanding American companies like Delta are able to roll with the changes of today’s globalizing market place.


Fabletics: A Signature on Fabulous Comfort

Fabletics is an online retailer that sells men’s and women’s sportswear, as well as accessories. It was founded by actress Kate Hudson, Adam Goldenberg, and Don Ressler in 2013. The clothing is very attractive and allows the wearer to be both comfortable and stylish. Shoppers are asked to join as members and the cost is just under fifty dollars per month to join on Twitter. For your membership fee you receive a two piece outfit of your choice each month, plus additional perks such as free shipping, and discounts on other items.

The selections of outfits and accessories is very attractive and the colors and patterns are very current. Sizes range from extra, extra, small, to extra, extra, large, or sizes zero to twenty. How Kate Hudson’s Fabletics is Taking On Amazon allows for all shapes and sizes to be able to enjoy the beauty and comfort of the products available. When signing up for the VIP membership, customers are asked to fill out a brief profile so that their personal preferences and needs can be matched.

Read more: The Only Fabletics Review You Need to Read

In 2015 the first brick and mortar Fabletics store was opened in the United States. There are now several of the chain stores open throughout North America, including those in New Jersey, Cincinnati, Newark, and Saint Louis. The transition from strictly online to actual brick and mortar on has gone very well for Fabletics, with projected expansions to increase in 2016, allowing for hundreds more of their locations to be opening up in malls across America.

Kate Hudson’s endorsement of her products have had a significant impact on the marketability of Fabletics as well. Her commercial tactics have paid off. Some of the actual footage used for the Fabletics ads was shot from Kate Hudson’s own cell phone which drives home the authenticity of her endorsement of the product. Not to mention that she looks flawless in her own styles, making the customer feel as though they would look as good if they wore her designs.

The overall theme of the Fabletics ideation is authenticity, comfort, and affordability. With Kate’s endorsements, pricing that fits most budgets, and a comfortable style and fit, the expansion of the Fabletics chain is no surprise. The convenience of both online and brick and mortar shopping adds to the growing perks of shopping Fabletics, giving the customer a sense of satisfaction, as well as inclusion. These benefits keep customers coming back, and loving the get-fit sense of community.

Advice For Aspiring Entrepreneurs: Get Started Now

When brothers Shep and Ian Murray quit good jobs in New York City to start a business with an idea they had hatched a year ago, their family and friends thought that they were crazy. Both were in their 20’s and unhappy at work, yet few people in similar situations were ditching good paying jobs to start selling neck ties. Looking back, both brothers see their peers, now in their 30’s and 40’s who are stuck working at corporate jobs that they don’t enjoy just to pay their bills. Mortgages and other financial commitments keep them from following their dream like the Murray brothers did when they were younger and didn’t have many obligations.


Using cash advances from credit cards, the two brothers never asked anyone for money to start their business, which was selling whimsical men’s neckties. While they struggled at first, having worked in public relations and market helped the Murray brothers. They created preppy neck ties that invited conversation, which they believed would appeal to younger men. At first, Shep and Ian went to fairs, church bazaars and anywhere they thought that they would find customers.


They named their company Vineyard Vines, after Martha’s Vineyard, where they had spent time as children. Today, there are 91 Vineyard Vines stores selling preppy men’s and women’s clothing, along with the neckties that started it all.


In an interview with Business Insider, the Murray brothers urged aspiring entrepreneurs to start their business before family obligations make it difficult to quit a job with a steady paycheck.

Tyson Foods Invest in Beyond Meat

Interestingly enough, United States meat processing giant Tyson Foods has just invested heavily in plant-based food company Beyond Meat. Tyson representatives explained that they are trying to diversify their holdings in the protein-rich food market and that investing in a company creates products for consumers trying to avoid meat is not mutually exclusive with their core mission.


Tyson’s financial commitment comes at a time when Beyond Meat is getting a lot of attention for their new product, the Beyond Burger. These plant-based patties look and taste extremely similar to actual hamburgers, and – thanks to their red beet ingredient – even “bleed” on a grill the way actual meat does. Many consumers are unable to distinguish Beyond Burgers from the real thing, and this promises to convert into a hot product in today’s health-conscious food marketplace. The Beyond Burgers are currently available in a number of states. Notably, Whole Foods outlets stock them with their meats rather than with other plant-based patties.


There is a currently a positive buzz about Beyond Meat in general and the Beyond Burger in particular. Bill Gates has invested in Beyond Meat, and it is supported by the Humane Society. Tyson Foods getting into the picture created a lot of interest, and the New York Times as well as other mainstream media outlets are now covering the company.


Personally, I think that it reflects well on Tyson as a company that they are willing to invest in a firm that produces plant-based meat substitutes; it shows that they’re adaptable and are in touch with progressive trends in consumer demand. Furthermore, as someone who avoids meat for health reasons but loves the taste of a good burger, I’m looking forward to trying out the Beyond Burger for myself.

Public Offering Planned for Snapchat Shares

Its product may vanish in the blink of an eye, but Snapchat is poised to become one of America’s most valuable tech companies if it moves forward with a planned initial public offering.


The picture and video messaging firm – which recently rebranded itself for corporate purposes as Snap, Inc. – has reportedly hired two large investment banks, Goldman Sachs and Morgan Stanley, to advise it on how to tap the public equity markets.


Hiring advisory firms is usually one of the first signs that a company intends to make an initial public offering. The process, governed by strict federal regulation and stock exchange rules, culminates with a sale of shares to the public. By hiring advisors now, Snap Inc. could debut on the stock market as early as next January.


Recent research firm reports have valued Snap at $19 billion. However, some of the information that will ultimately be required for potential investors to gain a full picture of the company has not been made public. With revenues currently less than $1 billion annually, Snap is allowed to file its Securities and Exchange Commission application for an initial public offering confidentially.


When the firm begins its roadshow process, investors will be able to get a clearer picture of the firm and its prospects. Snap has hired JPMorgan Chase, Deutsche Bank, Allen & Company, Barclays and Credit Suisse to help it sell its shares as part of that larger public launch.


Snap, founded by Stanford University students in 2011, has become an extremely popular social media destination for teenagers. The app, free to download and use, is expected to earn $1 billion in revenue next year as it gradually rolls out sponsored posts for advertisers and channels for brands such as CNN and Cosmopolitan.


The fledgling company is one of Silicon Valley’s many unicorns, private firms valued at $1 billion or more. The existence of so many valuable tech properties has given rise to fears of another tech bubble, but few have tapped the equity markets. Snap’s offering will arguably be the biggest tech debut since Twitter.

The Internet Is Changing How We Do Business

As the Internet becomes an increasingly central part of our lives, it should come as no surprise that it is also shaping how we view business. Or, perhaps more specifically, how we view payment structures. Thanks to advances in the Internet, we’ve slowly moved away from credit cards and checkbooks in favor of mobile and Internet-based payment systems. The question though, is whether this represents the pinnacle of marketing opportunities or if it’s just the beginning of new ones.


It is currently estimated that there will be roughly 24 billion devices connected to the Internet by the year 2020. For a frame of reference, it’s estimated that there is a little over 7 billion people on the entire planet. It’s clear that as people become more comfortable with connecting to the Internet, their desire to use it for all facets of their life also increases.


If we’re moving away from traditional forms of payment though, what’s next for credit card companies? As it turns out, companies like MasterCard and Visa aren’t just going quietly into the night. Instead, they’re pouring their own resources into improving the underlying infrastructure for payment systems on the Internet. Even if people stop relying on traditional credit cards, it’s clear that companies like MasterCard will find new ways to maintain their hold on the market and continue to influence how it evolves.


For businesses, this evolution of payment structures is great. By making it easier for people to purchase things, the Internet has created countless opportunities for small businesses that otherwise wouldn’t have existed. When people feel that there’s no risk attached to a purchase, they’re more likely to follow through on it. This market growth is only expected to continue growing as wearable technology moves from science fiction to science fact too.


In addition to payment-enabled wearable technologies, marketing firms are also interested in moving transactions to other Internet-capable devices, such as cars or devices built directly into smart homes. The ultimate goal is for people to make purchases from virtually anywhere, ensuring that businesses are always just a few clicks away from their customers.

Wells Fargo CEO Resigns Under Pressure

In a sudden, stunning move, Wells Fargo chairman and chief executive John Stumpf resigned effectively immediately on Wednesday as the bank struggles to manage the fallout from a scandal over the creation of phony accounts.


The scandal, revealed in early September when the bank agreed to pay a multimillion dollar fine to federal, state and local authorities, involved the creation of thousands of fake customer accounts in order to meet sales targets. More than 5,000 low-level employees were fired in the wake of that revelation.


Despite the groundswell of public opprobrium, the bank’s internal investigation has not concluded and there was little evidence that Wells Fargo’s board was considering terminating Stumpf. However, members of Congress had savaged Stumpf during a series of appearances before Congressional committees in recent weeks. His testimony was widely panned and politicians in both parties turned Stumpf and Wells Fargo into examples of corporate greed.


Stumpf’s resignation marks one of the few times since the global financial crisis of 2008 that a bank executive has been felled by problems within their organization. Before Wells Fargo was hit with the phony account scandal, Stumpf had been praised for successfully growing Wells Fargo, supervising a merger with Wachovia, and surviving the financial crisis virtually unscathed.


While he is leaving a lucrative position, Stumpf may not take a major financial hit. According to an analysis conducted for the New York Times, Stumpf could leave the bank with a $20 million pension, $4.3 million in deferred compensation, and bank stock worth more than $100 million.


However, even that might not be safe. Senator Elizabeth Warren (D-Mass.), a vocal critic of the banking industry and Stump’s lead tormentor on Capitol Hill, called Thursday for the federal government to sue the bank in an attempt to claw back Stumpf’s pay. In a tweet, she called for him to “return every nickel he made.”