If the value of all goods and services produced by the Latino community in the U.S. were a standalone economy, it would be the 7th largest in the world. Today, there are 4.37 million Hispanic-owned businesses in the U.S., which contribute more than $700 billion to the economy annually, according to the U.S. Hispanic Chamber of Commerce. These businesses have provided almost 2.7 million jobs to U.S. workers.
In 2018, PayPal anonymously surveyed a large sample of its hourly and entry-level employees to assess their financial security. The results indicated that almost two-thirds of surveyed employees reported periodically running out of money between paydays. This was disappointing and surprising, but provides a valuable lesson to other leaders: Although PayPal's internal analysis showed that it paid at or above market value for each of its employees, the wages were not always sufficient for many families.
Women in Defense (WID) represents members from defense organizations of every size, all branches of the U.S. Armed Forces, government agencies, academia, think tanks, associations, and professional services. Each year, the WID Scholar program awards scholarships to women pursuing degrees in areas ranging from STEM, law and public policy—each with the potential to carve a career path in the defense industry.
Despite this being a year that will go down as memorable for all of the wrong reasons, 2020 will also be remembered as a time where we stepped up to take care of one another.
In the face of the pandemic and national unrest, organizations have begun to place a greater emphasis on the mental health of their employees. After all, no matter the size, industry or scale, a company’s people are its most vital assets.
Each of us has unique gifts and abilities to be discovered, developed and applied to make life better and work more meaningful.
Even in challenging times like these, it’s imperative that business leaders help employees unleash their true potential and self-actualize. That’s why Koch Industries and the Society for Human Resource Management are teaming up to help empower individuals to change the world – from within their own organizations.