As Americans deal with COVID-19 and unrelenting calls for social and racial equality, in addition to everyday stress, company leaders are turning to third-party mediators to help ensure the well-being of their staff and businesses.
Nikki Silvestri, senior advisor at JumpScale, told Cheddar that good workplace morale and health are essential to a flourishing business.
"Well-being is no small thing. The U.S economy loses about $300 billion a year due to a lack of well-being," she said.
JumpScale works with investors and philanthropists to develop strategies and tools that help find balance for employees and successful business operations.
"We try to bridge that gap and make sure investors get that two times higher return if they look at the well-being of their businesses and their nonprofits," Silvestri explained.
While prosperity in the workplace has always been the focus for Silvestri and JumpScale, the coronavirus pandemic has allowed the company to expand its toolbox as the need for companies to assess their overall workplace health goes up, she told Cheddar.
"JumpScale has a Good Clean Well scorecard where we assess 50-plus points of what well-being looks like in a business, and if businesses can do that, then they can make sure that they can reach their customers, that they can pivot, and that they can adapt," Silvestri explained.
A number of factors, according to Silvestri, can affect workplace well-being which includes encouraging employees to take vacation time and providing a diverse work environment; and for investors and philanthropists unsure of why their businesses may be lacking, assessing those points is key.
"You have to cycle your people through. They have to have rest," she said. "It's just very nuanced around having a just, subtle approach to operations and relational approach to operations."
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
Climate change doesn’t just mean more extreme weather – it also leads to billions of dollars in lost productivity, tourism, and stresses infrastructure.
It’s an annual tradition: the Fed’s banking ‘stress test.’ A year after the regional banking crisis, there are good reasons to make sure they’re prepped.
Summer is upon us, which means weddings, trips overseas, and trips to see Taylor Swift. Avoid a “Cruel Summer” with these budget-friendly tips and tricks.
While Nvidia's meteoric rise led it to briefly dethrone Microsoft as the world's biggest public company, there's a lot more going on in this market than A.I.
