Companies Do Not Care About Staff Loyalty (Anymore) - How Money Works | How Money Works

Companies Do Not Care About Staff Loyalty (Anymore) - How Money Works | How Money Works

Companies Do Not Care About Staff Loyalty (Anymore) - How Money Works Sign up for my newsletter https://compoundeddaily.com 👈 How many people do you know that have been with their current employer for more than 10 years? Well according to the US Bureau of Labor Statistics it’s actually 29% of people, which sounds suspiciously high until you consider that a vast majority of this group are made up of workers on the verge of retirement, which is important to remember for later. Amongst all workers in the US the median was just over 4 years. In fact multiple studies have suggested that full time workers that stick with their employers for more than two years on average get paid FIFTY PERCENT LESS. This is an unbelievably large gap, ESPECIALLY when you consider that the average of the loyal working group will be drastically inflated by senior executives and the c suite who tend to have more tenure. In plain English, for regular Joes like you or me, this 50% figure is likely understated. So why aren’t companies stopping this? Surely having to pay tens of thousands of dollars to advertise a position, interview candidates, onboard new staff, train them and wait for them to get up to speed with their new role is not sustainable if it has to be done over and over again every 2 years… right?... Well you would think so, but there are a few reasons why companies don’t care about employee loyalty… anymore… #Career #Jobs #HowMoneyWorks ___________________________________________________________________________ Link to my vid on BS Jobs - https://youtu.be/uK3OBAxCi6k Link to my vid on retirement - https://youtu.be/Q5sF0MbfVn8 Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. - --------------------------- --------------- Keywords: investment strategies, money management, financial news, personal finance, ai bubble Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Bernie Madoff's Ponzi Scheme Really Wasn't That Bad - How Money Works | How Money Works

Bernie Madoff's Ponzi Scheme Really Wasn't That Bad - How Money Works Sign up for my newsletter https://compoundeddaily.com 👈 Bernie Madoff ran the largest Ponzi scheme in history, which at it’s height had an apparent 65 billion dollars in assets under management made up of investments by everybody from wall street billionaires to pension funds. This all came crashing down in December of 2008, as the fraudulent businessman was arrested and subsequently charged to face over 100 years in prison, a sentence that he served up until his death last month. But here is the thing, Bernie's fraud, was… not…that… bad… In fact there is arguably more damaging behaviors taking place in the markets day in and day out today by some of the most revered businessmen in the world. To understand this, it’s time to learn how money works by defending the indefensible and really understanding how Bernie Madoff ran his business. So the basic function of a Ponzi scheme is that a legitimate looking operation is set up to attract investors looking to make a nice healthy return. Now this operation could theoretically purport to do anything…. Shipping, mining, manufacturing, but more often than not it is investing. Why investing? Because it is the most discrete… you see you will never actually perform any of the tasks that you claim you will to the investors and an investment firm doing nothing looks pretty much identical to an investment firm doing a lot, at least from the outside. #BernieDidNothingWrong #Finance #HowMoneyWorks Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. - ----------------------------------- --- Keywords: hedge funds, money management, financial education, stock market, wealth building, economics explained, inflation explained Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

How Much Worse Can Home Prices Possibly Get? | How Money Works

How Much Worse Can Home Prices Possibly Get? Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. ---------------- --------- Keywords: gig economy, financial planning, economic trends, financial literacy, investing basics Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

How Everything Became A Subscription. | How Money Works

How Everything Became A Subscription. Go to https://buyraycon.com/hmw to get 15% off your Raycon purchase! Sign up for my newsletter https://compoundeddaily.com 👈 ----- Why is everything a subscription? Subscription services are everywhere effecting personal finance the average person is now spending $273 a month on subscriptions and at the same time less than one third of them could afford a $1,000 expense without going into debt… This only includes software services like netflix, disney plus, hulu, spotify, adobe, apple music, xbox games pass and others. It does not include other recuring expenses like gym or club memberships. Service companies are doing this to attract venture capital investment. These investors favour subscription businesses because they provide consistent cash flows and can be scaled rapidly before being sold through a traditional IPO, a SPAC or to a private equity fund. But these businesses are not always perfect and there are some products that just make more sense to sell through a one time direct sale. So it’s time to Learn How Money Works to find out how everything became a subscription. ---- #finance #howmoneyworks Edited By: Andrew Gonzales Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images For sponsorship inquiries, please contact sponsors@worksmedia.group All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. - ---------------- --------------- Keywords: how money works, financial planning, housing bubble, real estate crisis, money podcast Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Your Job Achieves Nothing... (probably) - How Money Works | How Money Works

Your Job Achieves Nothing... (probably) - How Money Works Sign up for my newsletter http://compoundeddaily.com 👈 In the last century service jobs have gone from representing less than a quarter of all jobs to now representing nearly 80% of workers. Now when we think of service jobs we think of people serving us coffee, finding a pair of pants from out the back, or carrying bags to our hotel room. Sure they might be an unnecessary luxury for the people using these services but it’s still pretty easy to see that they do produce value, be it in the form of a nice cup of coffee, a flash new outfit, or promptly delivered luggage (without the need for a physio appointment the next day) But you see the thing is the service sector is far more broad than the name implies it encompasses everybody from call center salespeople to CEO’s. In fact it is quiet difficult these days to find a job outside of the service sector specifically because those roles require special certifications, remember that for later because it is important. But the growth of the self-serving service sector, and the subsequent rise in bull jobs that came with it seems a bit odd. Surely the efficient free market would weed out these individuals that are contributing nothing, punishing the companies that bear their salary expenses while rewarding the more efficient organizations that do without them… right? #Careers #MyJobSucks #HowMoneyWorks Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. - ------------------ ---------- Keywords: investment strategies, ai bubble, private equity, economy podcast, market crash Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]